Publications

Main Journal Articles

Growing through Spinoffs, Corporate Governance and Firm Entry, 2024, Journal of Economic Dynamics and Control, vol. 161, 104838. (with M. Iacopetta and R. Minetti)

Credit Markets, Relationship Lending, and the Dynamics of Firm Entry, 2023, Review of Economic Dynamics, forthcoming (with Q. Cao, P. Giordani and R. Minetti)

Relationship Lending and Employment Decisions in Firms’ Bad Times, 2023, Journal of Financial and Quantitative Analysis, 58 (6), 2657-2691 (with T. Oliviero and A. Zazzaro) Appendix

Relationship Lending and the Use of Trade Credit: the Role of Relational Capital and Private Information, 2022, Small Business Economics, 59 (1), 327-360 (with V. Peruzzi) 

Relationship Finance, Informed Liquidity, and Monetary Policy, 2021, Journal of Economic Theory, 193, 105210 (with L. Araujo and R. Minetti)

Not all banks are equal. Cooperative banking and income inequality, 2021, Economic Inquiry, 59 (1), 420-440 (with R. Minetti and V. Peruzzi) 

Credit Relationships in the Great Trade Collapse. Micro Evidence from Europe, 2019, Journal of Financial Intermediation, 40, 100809 (with G. Ferri and R. Minetti).

Financial Constraints, Firms' Supply Chains and Internationalization, 2019, Journal of the European Economic Association, 17 (2), 327-375 (lead article, with R. Minetti, Z. Rotondi and S. Zhu). 

Credit Crunches, Asset Prices and Technological Change, 2019, Review of Economic Dynamics, 32, 153-179 (with L. Araujo, Q. Cao and R. Minetti).

Family Firms and Access to Credit: Is Family Ownership Beneficial? , 2019, Journal of Banking and Finance, 101, 173-187 (with V. Peruzzi).

Banking Development, Socioeconomic Structure and Income Inequality, 2019, Journal of Economic Behavior and Organization, 157, 428-451 (with A. D'Onofrio and R. Minetti).

Bank lending technologies and credit availability in Europe. What can we learn from the crisis? , 2019, Journal of International Money and Finance, 95, 128-148 (with G. Ferri, V. Peruzzi and Z. Rotondi).

Countries lending infrastructure and capital structure determination: The case of European SMEs, 2017, Journal of Corporate Finance, 43, 122-138 (with A. McNamara and S. O Donohoe).

Ownership Structure, Governance and Innovation: Evidence from Italy, 2015, European Economic Review, 80, 165-193 (with R. Minetti and M. Paiella).  

Do Firm-Bank "Odd Couples" Exacerbate Credit Rationing?, 2015, Journal of Financial Intermediation, 24, 231-251 (with G. Ferri).

Family Firms, Corporate Governance, and Export, 2015, Economica, 82, 1177-1216. (with R. Minetti and S. Zhu). 

Bank Support and Export: Evidence from Small Italian Firms, 2014, Small Business Economics, 42(2), 245-264 (with F. Bartoli, G. Ferri and Z. Rotondi). 

SME financing and the choice of lending technology in Italy: complementarity or substitutability?, 2013, Journal of Banking and Finance, 37(12), 5476-5485 (with F. Bartoli, G. Ferri and Z. Rotondi).

Bank-firm relations and the role of Mutual Guarantee Institutions at the peak of the crisis, 2013, Journal of Financial Stability, 90, 90-104, (with F. Bartoli, G. Ferri and Z. Rotondi).

The determinants of innovation: What is the role of risk?, 2013, The Manchester School, 81(3), 293-323.

Other published output

Measuring the risk appetite of bank-controlling shareholders: The Risk-Weighted Ownership index, 2024, Global Finance Journal, vol. 60, 100935. (with L. Bellardini and D. Previtali)

The distributional impact of local banking. Evidence from the financial and sovereign-debt crises, 2023, European Journal of Political Economy, vol. 80, 102478. (with V. Peruzzi and S. Di Colli)

Firm-bank “Odd Couples” and trade credit: Evidence from Italian SMEs, 2022, Economic Modelling, vol. 111, 105829. (with J. Betrand)

Lending Infrastructure and Credit Rationing of European SMEs, 2020, The European Journal of Finance, vol. 26 (7-8), 728-745. (with A. McNamara and S. O Donohoe)

Credit Rationing And The Relationship Between Family Businesses And Banks in Italy, 2020, Global Finance Journal, vol. 43, 100427.  (with G. Ferri and M. Pini)

Italy: An Ageing Country with Low Level of Private Pension Schemes but High Homeownership Rate. In M. Eckardt, J. Dötsch and S. Okruch (eds.), "Old-Age Provision and Homeownership – Fiscal Incentives and Other Public Policy Options", 2018, Springer. (with F. Palmisano)

Bank Lending Technologies and the Great Trade Collapse Evidence from EU Micro-data. In R. Guida and R. Masera (eds.), “Does one size fit all?”, 2015, AREL-Il Mulino. (with G. Ferri)

Il ruolo delle garanzie creditizie in Italia: l’evidenza proveniente dall’Indagine sui confidi UniCredit-CASMEF Luiss Guido Carli, 2015, Rivista Bancaria, vol 3-4, 47-71, (with G. Ferri and Z. Rotondi).

Bank Lending Technologies and SME Credit Rationing in Europe in the 2009 Crisis. In G. Bracchi and D. Masciandaro (eds.), The XIX Report on Financial System: “Quale banca commerciale? Mercati, regole e capital umano”, 2014, Italian Banking Association, (with G. Ferri and Z. Rotondi). 

Reti di impresa, performance e assetti banca-impresa. In G. Bracchi and D. Masciandaro (eds.), The XVII Report on Financial System: “Banche, mercati e stati: le nuove dinamiche”, 2012, Italian Banking Association, (with F. Bartoli, G. Ferri and Z. Rotondi). 

Soft Information and Loan Supply in the Crisis. Evidence from the Credit Files of a Large Bank, 2011, Rivista Bancaria, vol. 5-6, pp. 7-28, (with F. Bartoli, G. Ferri and Z. Rotondi). 

Lending Technologies in Italy an Example of Hardening of Soft Information, 2010, Rivista Bancaria, vol. 4, pp. 7-32.

What's special about banking in Italy?  Lending Technologies, Complementarity, and Impact of Soft Information. In G. Bracchi and D. Masciandaro (Eds.), The XV Report on Financial System: “Nuovi equilibri in finanza: le banche, le imprese e lo stato”, 2010, Italian Banking Association, (with F. Bartoli, G. Ferri and Z. Rotondi).

Public Funding for Basic Research in an Endogenous Growth Model, 2007, Rivista di Politica Economica, vol. 97(6), pp. 203-228.