Research

Research Interests

ESG, Climate Finance, Corporate Governance, Shareholder Voting, Media Coverage, Political Connections

Working Papers 

Sustainable Investments: One for the Money, Two for the Show  (with Hans Degryse,  Naciye Sekerci and Francesco Stradi)

presented: European Central Bank, Frankfurt School of Finance and Management. 

Climate Change and Mutual Fund Voting on Environmental Proposals (with Alexandre Garel, Roni Michaely and Arthur Romec) 

presented: AFFI 2022, Audencia Business School, Cambridge Judge Business School, Corporate Finance Day 2022 at Amsterdam, Corporate Governance Workshop at CUNEF 2022, Cyprus University of Technology Workshop 2021, ESADE Spring Workshop 2022, ESCP Business School, FMA Europe 2022, Paris School of Business, SKEMA Business School, SMU, Toulouse Business School and University of Zurich. 

Awarded "Best New Frontier Paper" by the AFFI (Spring 2022).  

The Voting Behavior of Women-Led Mutual Funds (with Alexandre Garel and Arthur Romec)

presented: Aalto University, 13th Annual Hedge Fund Research Conference at Dauphine University, 13th NYU-LawFin/SAFE-ESCP Conference at Goethe University, Frankfurt, 16th Financial Risk International Forum "Finance & Society" (Paris), EFA 2023 (scheduled), Financial Forum 2023  (Tel Aviv), FMA 2023, Maastricht University, Sustainability and Finance Conference 2022 (Leuven), Voting, Proxy Voting Guidelines, and Proxy Voting Advisors Workshop 2023 (University of Zurich).

The Role of The Media in Corporate Governance: Evidence From Shareholder Proposals (with Arthur Romec)

presented: AFFI Spring 2021, Cunef Business School, Utrecht University.   

CEO Reputation and Corporate Voting (with Thomas David and Arthur Romec) 

presented: Fourth French Corporate Governance 2021 and Labex ReFi Workshop (Paris) 2021.  

Old working papers: Pollution and Firm Value

Main Publications

Bank CEO Careers after Bailouts: The Effects of Management Turnover on Bank Risk (with Pramuan Bunkanwanicha and Federica Salvade') 

Journal of Financial Intermediation, Forthcoming

Capital Structure and Reversible Bargaining Tools: Theory and Evidence from Union-Sponsored Shareholder Proposals (with Rafael Matta and Arthur Romec)

Journal of Banking and Finance, Forthcoming 

The Effect of Media-Linked Directors on Financing and External Governance (with Paul Laux) 

Journal of Financial Economics, 2022, 141 (2) 103-131.

Appeared in the Harvard Law School Forum on Corporate Governance and Financial Regulation.

Common Ownership and Firm Dividend Policies (with Egle Karmeziene and Naciye Sekerci) 

Finance Research Letters, 40, May 2021.

Are Red or Blue Companies More Likely to Go Green? Politics and Corporate Social Responsibility (with Leonard Kostovetsky)

Journal of Financial Economics, 2014, 111 (1), 158–180. 

Appeared in the Harvard Law School Forum on Corporate Governance and Financial Regulation; 

Winner of the BSI Gamma Foundation Prize, 2012; 

Cited in the Harvard Business Review, November 2015.   

The Effect of Stock Misvaluation and Investment Opportunities on the Method of Payment in Mergers

Journal of Corporate Finance,  2013, 21, 196–215. 

Are Small Family Firms Financially Sophisticated? (with Stefano Caselli and Stefano Gatti), 

Journal of Banking and Finance,  2011, 35 (11), 2931-2944. 

Does the CFO Matter in Family Firms? Evidence from Italy (with Stefano Caselli), 

The European Journal of Finance,  2010, 16 (5), 381-411. 

Case Studies

Prada’s Hong Kong IPO (with Denis Gromb)

Winner of the "Best Finance Case":  The Case Center 2018 Award  and the AFFI -CCMP 2018 Award