Elisa Ossola - Publications

Journal articles:

ESG Performance and Stock Market Responses to Geopolitical Turmoil: Evidence from the Russia-Ukraine War.
with Simone Boccaletti, Paolo Maranzano, and Caterina Morelli, Economic Modelling, January 2026, Vol. 154.
Common factors behind companies’ Environmental ratings  
with Gianluca Gucciardi, Lucia Visconti Parisio, and Matteo Pelagatti, International Review of Financial Analysis, April 2025, Vol. 100.
Climate change risk pricing in the European stock market.
with Nuno Cassola and Claudio Morana, Applied Economics, November 2024.
When do investors go green? Evidence from a time-varying asset-pricing model.
with Lucia Alessi and Roberto Panzica, International Review of Financial Analysis, November 2023, Vol. 90.
Financial Integration in the EU28 Equity Market: measures and drivers.
with Michela Nardo and Evangelia Papanagioutou, Journal of Financial Markets, January 2022, Vol. 57.
Stock Price Effects of Climate Activism: Evidence from the First Global Climate Strike.
with Stefano Ramelli and Michela Rancan, Journal of Corporate Finance, August 2021, Vol. 69.
What greenium matters in the stock market? The role of greenhouse gas emissions and environmental disclosures.
with Lucia Alessi and Roberto Panzica, Journal of Financial Stability, June 2021, Vol. 54.
A diagnostic Criterion for Approximate Factor Structure.
with Patrick Gagliardini and Olivier Scaillet, Journal of Econometrics, October 2019, Vol. 212 (2), pp. 502-521.
Matlab Codes available here,.
Time-Varying Risk Premium in Large Cross-Sectional Equity Datasets.
with Patrick Gagliardini and Olivier Scaillet, Econometrica, May 2016, Vol. 84 (3), pp. 985-1046.
Matlab Codes available here.

Working paper:

The greenness of European Green Bonds.
with P. Galfrascoli and G. Monti, CefES Working paper, num 556, July 2025.

Articles in books:

- The pricing of environmental risk: An empirical analysis on the European industry portfolios.
  with Nuno Cassola and Claudio Morana, Handbook of Climate Change and Financial Markets, edited by G.M. Caporale, Edward Elgar Publishing, Forthcoming
- Estimation of large dimensional conditional factor models in Finance.
  with Patrick Gagliardini and Olivier Scaillet, Handbook of Econometrics, Volume 7A, edited by S. Durlauf, L. Hansen, J. Heckman, and R. Matzkin, 2020, pp.219-282 , see here.
- Do Jumps Matter in Emerging Market Portfolio Strategies?
  with Massimo Guidolin, in Emerging Markets: Performance, Analysis and Innovation (G.N. Gregoriou editor), Chapman Hall, London, 2009, pp. 148-184.

Policy and technical reports:

Monitoring financial integration by using price-based indicators.
with Nardo M., Papanagiotou E. and Rossi E., JRC Policy report, DOI 10.2760/915174, 2018.
Measures and drivers of financial integration in Europe.
with M. Nardo, N. Ndacyayisenga, E. Papanagiotou and E. Rossi, JRC Technical report, DOI 10.2760/92134, 2017.
Financial integration with realized measures.
with E. Rossi, JRC Technical report, DOI 10.2760/64493, 2017.
Estimation of potential benefits of the implementation of the fundamental review of the trading book and leverage ratio.
with L. Alessi, G. Cannas, F.E. Di Girolamo, E. Papanagiotou, M. Petracco Giudici and E. Rossi, JRC Policy report, DOI 10.2791/988150, 2016.