Vincenzo Capizzi
Affiliate Professor

Biography
Vincenzo Capizzi is an Affiliate Professor of Banking and Insurance at SDA Bocconi School of Management. He is a Full Professor of Banking and Finance at the Università del Piemonte Orientale, Department of Economics and Business Studies (Novara), where he is currently a member of the Academic Senate. He serves as Vice rector for University quality assurance.
At SDA Bocconi, he served as the Director of the Executive Master in Corporate Finance & Banking from 2009 to 2012. He has directed programs for senior executives in several banks and other financial firms. He has coordinated numerous workshops, seminars and research projects in Italy, South America and Asia with the most relevant players of the banking industry. He frequently manages board inductions on corporate banking and non-performing loans.
His research activities focus mainly on banking and corporate finance, with particular focus on M&A deals, corporate turnarounds, leveraged acquisitions, venture capital and start-up financing, corporate valuation and investment banking. Currently, he is working on two main topics: the analysis of financial institutions’ economics (performance and efficiency measurement of banks, private equity funds and other financial intermediaries) and the role of business angels and crowdfunding in start-up financing.
He is the author of numerous books and articles on his topics of interest. His latest book deals with corporate crises and debt restructuring procedure. His works have been published in the Journal of Banking and Finance, the Journal of Corporate Finance, Venture Capital, International Finance and Banking, the Journal of Governance and Regulation, Corporate Ownership and Control, Bancaria and Economia & Management, among others. He is a member of the editorial board of Venture Capital and of the Journal of Financial Management, Markets and Institutions, and serves as a referee for many international journals, among them the Journal of Corporate Finance, the Journal of Banking and Finance and the Journal of Management and Governance.
He has won many awards for his work at SDA Bocconi: Best MBA SDA Professor (2006), Best Master Programs SDA Professor (2007), Best Custom Programs Coordinator Executive Education Custom Programs (Banks and Financial Institutions Division, SDA Bocconi in 2008 and 2010) and Best Reviewer for “Economia & Management” (2012). He is a Visiting Scholar at Stevens Institute of Technology (Hoboken, NJ). He is the Board Executive Director and Head of the Research Department at IBAN (Italian Business Angels Network). He is the managing partner of an advisory company specialized in M&A deals, debt & equity fundraising, corporate restructuring, and sits in the board of many companies, listed and not listed, as a non-executive director.
Vincenzo earned a degree in Business Administration and a Ph.D. in Business Administration (with a specialization in Corporate Finance) both from Università Bocconi. He has two children and loves playing and watching basketball.
Recent Publications
- 2025
Entrepreneurs’ human capital and the performance of angel-backed companies
CAPIZZI, V., M. SCARLATA, F. TENCA, P. ZOCCHI, "Entrepreneurs’ human capital and the performance of angel-backed companies", Venture Capital, 2025, pp. 1-29 - 2025
Entrepreneurial Firms and Bank Financing: Do Business Angels Play a Role?
CAPIZZI, V., N. CARTA, E. CAVEZZALI, U. RIGONI, "Entrepreneurial Firms and Bank Financing: Do Business Angels Play a Role?", European Financial Management, 2025, vol. 31, no. 3, pp. 1217-1245 - 2025
The angels and the crowd: business angels’ investment practices and follow-on crowdfunding in entrepreneurial firms
CAPIZZI, V., N. CARTA, E. CAVEZZALI, U. RIGONI, "The angels and the crowd: business angels’ investment practices and follow-on crowdfunding in entrepreneurial firms", Journal of Technology Transfer, 2025 - 2025
(Im)perfect Substitutes: Business angels and crowd sourced start-up funding
BONINI, S., V. CAPIZZI, G. GIUDICI, F. TENCA, "(Im)perfect Substitutes: Business angels and crowd sourced start-up funding", International Review of Economics & Finance, 2025, vol. 103, pp. 104532 - 2025
Navigating the Interplays between Different Investor Types: A Map of the Entrepreneurial Finance Literature for Future Research
CAPIZZI, V., N. CARTA, E. CAVEZZALI, "Navigating the Interplays between Different Investor Types: A Map of the Entrepreneurial Finance Literature for Future Research" in Raising Finance: From Traditional to New Forms of Entrepreneurial Finance., Douglas Cumming , Hafiz Hoque, Eilnaz Kashefi-Pour (Eds.), World Scientific Publishers, 2025 - 2024
I Business Angels nell’ecosistema delle startup: dinamiche di investimento e interazioni con altre fonti
CAPIZZI, V., N. CARTA, E. CAVEZZALI, U. RIGONI, "I Business Angels nell’ecosistema delle startup: dinamiche di investimento e interazioni con altre fonti", Bancaria, 2024, no. 5, pp. 25-45 - 2024
Il finanziamento dell’imprenditorialità: trend evolutivi nell’ecosistema delle startup
CAPIZZI, V., "Il finanziamento dell’imprenditorialità: trend evolutivi nell’ecosistema delle startup" in Contaminazioni. Omaggio scientifico e affettivo a Gian Carlo Avanzi., Roberta Lombardi, Roberto Barbato, Davide Porporato (Eds.), Edizioni dell'Orso, pp. 45-60, 2024 - 2024
Navigating the Start-Up Financing Funding Gap: Comparing Business Angels and Crowdfunding
BONINI, S., V. CAPIZZI, F. TENCA, "Navigating the Start-Up Financing Funding Gap: Comparing Business Angels and Crowdfunding" in Leading and Managing in the Digital Era., Gregory Prastacos, Nancy Pouloudi (Eds.), Springer Cham, pp. 77-88, 2024 - 2024
Sostenibilità e comunicazione nel settore agroalimentare: commento ai risultati di un questionario agli imprenditori
LATORRE, E., P. VOLA, V. CAPIZZI, G. M. CHIESI, V. RUBINO, "Sostenibilità e comunicazione nel settore agroalimentare: commento ai risultati di un questionario agli imprenditori", Alimenta. Rivista di Diritto e Scienze dell’Agricoltura, Alimentazione e Ambiente, 2024, no. 4, pp. 669 – 688 - 2023
Startup Ecosystems
CAPIZZI, V., F. TENCA, M. VALLETTA, "Startup Ecosystems" in The Palgrave Encyclopedia of Private Equity., Douglas Cumming, Benjamin Hammer (Eds.), Springer International Publishing, pp. 1-6, 2023
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Grants & Honors
Premio “Miglior Reviewer Economia & Management”, SDA Bocconi School of Management, 2012
Premio "Eccellenza nel coordinamento" Divisione formazione manageriale su misura (Banche e intermediari finanziari), SDA Bocconi School of Management, 2010
Premio "Eccellenza nel coordinamento", Divisione formazione manageriale su misura (Banche e intermediari finanziari), SDA Bocconi School of Management, 2008
Premio "Miglior Docente Corsi Master", SDA Bocconi School of Management, 2007
Premio "Miglior Docente MBA", SDA Bocconi School of Management, 2006

