Publications

IMPACT FACTORS of my main English publications -->  For details: SCI  IF of Scientific Journals;  ASN CLASS A  Journals (2021-23) 

• Journal of British Journal of Management 2024 (IF 5.7)

• Finance Research Letters 2023 (IF 9.848)

• European Financial Management 2022 - CLASS  A13 (IF 2022= 2.2)

• European Financial Management 2017 - CLASS  A13 (IF 2017 = 1.515)

• Local Government Studies --> Class  A14 (SCI  IF 2016 = 1.365)

• International Journal of Management Reviews 2014 - CLASS  A13 (IF 2014= 3.857); (SCI IF 2014: 7.479) by British Academy of Management 

• Journal of Banking and Finance 2013 - CLASS  A13 (IF 2013 = 1.36); (SCI IF 2013: 2.151) 

• Journal of Banking and Finance 2010 - CLASS  A13 (IF 2010 = 2.73); (SCI IF 2010: 3.438)

Selected Publications 

2026

Zambelli, S. (2026). Private equity investment activity: Operating model and risk-mitigation strategies. In D. Cumming, H. Hoque, & E. Kashefi-Pour (Eds.), Raising finance. From traditional to new forms of entrepreneurial finance (Vol. 18, pp. 1–39). World Scientific Publishing. https://doi.org/10.1142/q0502 

2025

Zambelli, S. (2025). Due diligence in private equity. In D. Cumming & B. Hammer (Eds.), The Palgrave encyclopedia of private equity (pp. 358–367). Springer Nature. https://doi.org/10.1007/978-3-031-81653-6_148 

Zambelli, S., & Pascale, F. (2025). Mapping new risks in impact investing. A bibliometric analysis of emerging challenges and threats. Venture Capital,1–55.  https://doi.org/10.1080/13691066.2025.2577208  

Block, J., Pascale, F., & Zambelli, S. (2025). Purpose and performance: Is there a trade-off? A comparison of social and non-social innovative startups. Journal of Social Entrepreneurship, –, 1–27. https://doi.org/10.1080/19420676.2025.2563544 

2024

Cucinelli, D., Ielasi, F., & Zambelli, S. (2024). All that glitters is not gold! Could M&As post-bank reforms be just a tool for balance sheet embellishment? British Journal of Management, 1–22. https://doi.org/10.1111/1467-8551.12874 

De Masi, S., Paci, A., Słomka-Gołębiowska, A., & Zambelli, S. (2024). Disentangling board social and human capital: What really drives corporate sustainability? In Fostering innovation to address grand challenges (pp. 1–28). EURAM.

2023

Słomka-Gołębiowska, A., De Masi, S., Zambelli, S., & Paci, A. (2023). Towards higher sustainability: If you want something done, ask a chairwoman. Finance Research Letters, 58, 1–7. https://doi.org/10.1016/j.frl.2023.104308 

Słomka-Gołębiowska, A., De Masi, S., Paci, A., & Zambelli, S. (2023). Chairwoman and openness to gender diversity: A view beyond the number of women on boards. In: EURAM - Transforming business for good.  1-32, EURAM - European Academy of Management, ISBN: 978-2-9602195-5-5, Dublino, 14-16 June 2023

2022

Cumming, D. J., Mohammadi, A., & Zambelli, S. (2022). Misconduct risks, legal enforcement and venture capital networks. European Financial Management, 28, 607–650. https://doi.org/10.1111/eufm.12346 --> Previous versions:  Cumming, D., Mohammad, A.,  Zambelli, S. (2021). Syndication Networks and Legal Enforcement, WP in SSRN ;  Cumming, D., Mohammad, A.,  Zambelli, S. (2020). Investment Syndication Networks and International Differences in Legal Enforcement and -  - Culture (March 4, 2020). WP in SSRN

Słomka-Gołębiowska, A., De Masi, S., Paci, A., & Zambelli, S. (2022). The contingency role of female directors’ structural power on ESG performance. In Leading digital transformation – EURAM (pp. 1–23). EURAM - European Academy of Management, ISBN: 978-2-9602195-4-8, Zurigo, 15-17 June 2022

2010-2020

Zambelli, S. (2019). Recent challenges of LBOs in Italy and institutional insights: The devil lies in the details. Corporate Ownership & Control, 17, 360–367. https://doi.org/10.22495/cocv17i1siart16 

Cumming, D., & Zambelli, S. (2019). Interpreting the M&A black box by thinking outside the box. In M. Wright, K. Amess, N. Bacon, & D. Siegel (Eds.), The Routledge companion to management buyouts (pp. 51–73). Routledge.

Cumming, D., & Zambelli, S. (2017). Due diligence and investee performance. European Financial Management, 23, 211–253. https://doi.org/10.1111/eufm.12100  -- SCOPUS link; ISI WOS number (WOS:000395431300002) 

- Accepted version (2016, newly formatted version) SSRN 2016 APS, May 30, 2016

- Previous version (2015, 2nd stage resubmission) SSRN 2015 Working Paper, December 8,  2015. 

Comuzzi, P., Tasca, R., & Zambelli, S. (2017). The alchemy of securitization: Evolution and perspectives. In S. Gatti & S. Caselli (Eds.), Structured finance. Techniques, products and market (pp. 5–26). Springer. https://doi.org/10.1007/978-3-319-54124-2 

Pazzi, S., Tortosa-Ausina, E., Duygun, M., & Zambelli, S. (2016). The cost efficiency of water utilities: When does public ownership matter? Local Government Studies, 42, 980–1003. https://doi.org/10.1080/03003930.2016.1207630 - ISI link; SCOPUS link--> WP SSRN 2016 APS 

Zambelli, S. (2015). La finanza a impatto sociale: Sfide e prospettive della venture philanthropy. Aracne.

Zambelli, S. (2014). “If the facts do not fit the theory…” The security design puzzle in venture finance. International Journal of Management Reviews, 16, 500–520. https://doi.org/10.1111/ijmr.12032 - -->  Anvur Class A-Journal

- See Abstract from SSRN

- See pdf from Publisher - 1st Part  - PART A (Text)

- See pdf from Publisher - 2nd Part - PART B (Tables and Appendices) 

Zambelli, S., & Cumming, D. (2013). Private equity performance under extreme regulation. Journal of Banking & Finance, 37, 1508–1523. https://doi.org/10.1016/j.jbankfin.2012.04.002 -- Impact factor of JBF in 2013 = 1.4 --> Anvur Class A Journal 

- version 2013 (published in JBF); WP SSRN

- version 2011 (WP at SSRN).

Zambelli, S. (2012). Private equity governance and financing decisions. In D. Cumming (Ed.), The Oxford handbook of private equity (pp. 156–196). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780195391589.013.0007 

Zambelli, S. (2012). Private equity risk management. Teoria ed evidenza. Aracne.

Zambelli, S. (2011). Corporate governance: Does it still matter? In A. N. Kostyuk, C. Gerner-Beuerle, & R. Apreda (Eds.), Corporate governance: An international outlook (pp. 22–42). 

Zambelli, S., & Cumming, D. (2010). Illegal buyouts. Journal of Banking & Finance, 34, 441–456. https://doi.org/10.1016/j.jbankfin.2009.08.008 --> Impact factor of JBF in 2010 = 2.73  --> Anvur Class A 

-  Download the 2010 WP SSRN  

-  Download the 2008 WP SSRN

-  Download Comment Sole-24 Ore 04/08/ 2007, p. 15, issue Plus 24 

Zambelli, S. (2010). Private equity and leveraged buyouts in Italy: To prohibit or not to prohibit, that is the question. In D. Cumming (Ed.), Private equity. Fund types, risks and returns, and regulation (pp. 463–510). Wiley. https://doi.org/10.1002/9781118267011.ch21 

Other WP 

De Masi, S., Paci, A., Słomka-Gołębiowska, A.,  Zambelli, S. (2023). FROM DIVERSITY TO INCLUSION: VIEWING WOMEN ON BOARDS BEYOND NUMBERS, EURAM  2025 (June), Florence.

Scorsone E, Zambelli S (2009). Defining Government Performance Expectations: Insights from the US and UK Financial Bailout Proposals Workgroup II: Performance in the Public Sector. ITA:Alma DL - AMS Acta, doi: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2712027

Other Books (In It)

• Zambelli, S., Minto, G., Pascale, F., Eds, (2023), Social Impact Investing, Aracne: Roma. 

•  Zambelli, S., (2015). La finanza a impatto sociale: Sfide e Prospettive della Venture Philanthropy Aracne, Roma, 2015.

•  Zambelli, S., (2012). Private Equity Risk Management, Aracne, Roma, 2012.

•  Zambelli, S., (2018). Private Equity: teoria ed evidenza in Italia, Aracne, Roma, 2008. 

•  Zambelli, S., (2005). Il Leveraged Buyout in Italia: controversie e casi aziendali, Aracne Editrice, Roma, 2005.

Other Previous Publications (in Eng)

• Zambelli, S. (2008). The dark side of LBOs. private equity investors be forewarned! Corporate Ownership and Control, 5(4 A), 59-78.

• Tasca, R., Zambelli, S. (2005). Asset Securitization in Italy: current and future trends, with R. Tasca, in Gatti, Caselli "Structured Finance: Techniques, Products and Market", Springer Verlag, Berlin, Germany, 2005, pp. 5-35.

• Zambelli, S. (2005). LBOs in Italy: Institutional Issues, Springer Verlag, Springer Verlag, 2005, in Gatti, Caselli "Structured Finance: Techniques, Products, and Market", Springer Verlag, Berlin, Germany, 2005, pp. 183-194.

Other Publications (in Italian for Italian purposes)

•  Zambelli, S., (2023). Impact Investing e valutazione di impatto. In: Zambelli, S., Minto, G., Pascale, F., Social Impact Investing. p. 89-152, ROMA:Aracne, ISBN: 9791259944740

• Zambelli, S., Minto, G., Vitale, D. (2023). La content analysis applicata alla Venture Philanthropy. In: Zambelli, S., Minto, G., Pascale, F., Social Impact Investing. p. 169-201, ROMA:Aracne, ISBN: 9791259944740

• Zambelli, S., Valenza, G., Pascale, F. (2023). Obiettivi di sviluppo sostenibile e indicatori di impatto in Italia: analisi empirica. In: Zambelli, S., Minto, G., Pascale, F., Social Impact Investing. p. 203-250, ROMA:Aracne, ISBN: 9791259944740

• Zambelli, S., (2008). Basilea 2 e Rating delle imprese: caratteristiche e finalità del nuovo accordo sul capitale nella valutazione del rischio di credito, in Savioli G., Principi contabili internazionali e Basilea 2, Franco Angeli, Milano, 2008, pp. 31-64

•  Tasca, R., Zambelli, S. (2007).   Il rischio di credito: modalità di misurazione e gestione, con R. Tasca, in R. Corigliano, L'intermediazione finanziaria, Bononia University Press, Bologna, 2007, volume 2, capitolo 1.

• Carusi, A., Palmucci, F., Zambelli, S. (2006).     Lo sviluppo e la crescita delle PMI in Italia: apertura del capitale di rischio e servizi di corporate banking, paper premiato come miglior articolo dei giovani ricercatori, al convegno nazionale AIDEA 2006 (Roma). --> ARTICOLO PREMIATO TRA I MIGLIOR PAPER GIOVANI RICERCATORI, CONVEGNO AIDEA 2006.

• Zambelli, S. (2005).   Il merger leveraged buy-out: rilevanza economica e giuridica, in " La finanza strutturata in Italia, Gatti, Caselli (a cura di), Bancaria Editrice, 2005.

• Tasca, R., Zambelli, S. (2004).  Il rischio di credito: modalità di misurazione e gestione, con R. Tasca, in R. Corigliano, L'intermediazione finanziaria, Bononia University Press, Bologna, 2004, volume 2.

• Zambelli, S. (2004).  Le operazioni di merger leveraged buy-out: rilevanza economica per le policies aziendali e i problemi di legittimità, Newfin Centro Innovazione Finanziaria Università Bocconi, maggio 2004, pp. 175-207.