The Corporate Foundations of Asset Pricing

The objective of my research agenda is to show that corporate finance and asset pricing are tightly connected.

I investigate how corporate frictions affect equity returns, and how market frictions affect corporate policies.

The main result that emerges from my work is that asset pricing predictions change significantly when one accounts for the impact of information frictions on corporate policies.

Some Ideas in this direction:

The Tortoise and the Snail: Reconciling the Evidence on Capital Structure Stability with Stefano Sacchetto and (IESE) Roberto Steri (HEC Lausanne)

Levered Returns and Capital Structure Imbalances with Claudio Tebaldi and (HEC Lausanne) Roberto Steri (R&R at the Journal of Monetary Economics)

Corporate Hedging and the Variance of Stock Returns with Kizkitza Biguri (BI Oslo) and Christian Brownlees (UPF)

Leverage Dynamics and Investment with Mattia Bongini and Roberto Steri (HEC Lausanne)

Issuing Equity in the Face of Adverse Selection with Gianmarco Ruzzieri (UPF) and Roberto Steri (HEC Lausanne)

Bend it Like q: Managerial Moral Hazard and Equity Returns with Stefano Sacchetto (IESE)

Why Predictability of Leverage Implies Predictability of Returns with Roberto Steri (HEC Lausanne) and Ilaria Piatti (Oxford)

Time Varying Financial Constraints and Predictability with Roberto Steri (HEC Lausanne)

Short-Termism: Where is the Inefficiency? with Roberto Steri (HEC Lausanne)

Filippo Ippolito

Director of the Master in Finance, Barcelona GSE

Director of the Summer School in Finance, Barcelona GSE

Associate Professor of Finance, Universitat Pompeu Fabra, Barcelona

Research Affiliate, Centre for Economic Policy Research, London

Department of Economics and Business, Universitat Pompeu Fabra, Ramon Trias Fargas, 25-27, 08005 Barcelona, Spain