Research
Working papers
The value of financial intermediation: Evidence from online debt crowdfunding (joint with F. Braggion, H. Zhu, and N. Pavanini), R&R, Journal of Financial Economics
Main conferences: SITE 2020, EFA 2021
Underwriter competition and bargaining power in the corporate bond market (joint with E. Neretina and L. Renneboog)
Covered on the Harvard Law School Forum on Corporate Governance and Financial Regulation
Main conferences: FIRS 2019, EFA 2020
Corporate litigation, governance, and the role of law firms (joint with A. Ferrell, E. Neretina, W. Powley, and L. Renneboog), R&R, Journal of Accounting Research
Main conferences: NBER Law and Economics 2020, EFA 2020
Political affiliation and media distrust: Evidence from stock market investors (joint with M. Luo and M. Massa)
Main conferences: SFS Cavalcade N America 2019, Stigler Center Political Economy of Finance 2019, FIRS 2020
Covered on the Harvard Law School Forum on Corporate Governance and Financial Regulation
Main conferences: AFA 2019, EFA 2019
Common institutional ownership and diffusion of innovation (joint with L. Kostovetsky)
Financial intermediation, securities lending, and information (joint with M. Massa)
Main conferences: SFS Cavalcade N America 2019
A parsimonious explanation for momentum based on the Merton model (joint with F. de Roon and Z. Tancheva; coming soon)
Inquire Europe grant 2018
Main conferences: EFA 2020
Published and forthcoming papers
Returns to scale from labor specialization: Evidence from global asset management (joint with M. Luo and D. Schumacher), Review of Corporate Finance Studies, forthcoming
Braggion, F., A. Manconi, and H. Zhu. 2022. Houshold credit and regulatory arbitrage: Evidence from online marketplace lending, Management Science 60, 5695-6415
Best paper prize, IWFSAS Cass Business School 2018
Main conferences: IWFSAS 2018, EFA 2019, ABFER 2019, NY Fed FinTech 2019, FIRS 2020
Knowledge Bocconi video summarizing the paper
Braggion, F., A. Manconi, and H. Zhu. 2019. Credit and Social Unrest: Evidence from 1930s China, Journal of Financial Economics 138, 295-315
Best paper in corporate finance, SFS Cavalcade Asia-Pacific 2017 - Covered on the ProMarket blog of the Stigler Center at the University of Chicago
Main conferences: ABFER 2015, Mitsui Finance Symposium 2015, WUSTL Corporate Finance Conference 2018, HKUST Finance Symposium 2018, SFS Cavalcade Asia-Pacific 2017, FIRS 2018, WFA 2018
Manconi, A., U. Peyer, and T. Vermaelen. 2019. Are buybacks good for long–term shareholder value? Evidence from buybacks around the world. Journal of Financial and Quantitative Analysis 54, 1899-1935
JFQA 2019 William F. Sharpe Best Paper Award - Covered on the WSJ, the Harvard Law School Forum on Corporate Governance and Financial Regulation
Main conferences: AFA 2013
Kempf, E., A. Manconi, and O. Spalt. 2017. Distracted shareholders and corporate actions. Review of Financial Studies 30, 1660–1695
Covered on the Harvard Law School Forum on Corporate Governance and Financial Regulation, Bloomberg
Main conferences: EFA 2014, NBER Summer Institute 2014, Rothschild Cesarea Conference 2014
Manconi, A., M. Massa, and L. Zhang. 2018. The informational role of corporate hedging. Management Science 64, 3843–3867
Bodnaruk, A., A. Manconi, and M. Massa. 2016. Cross–border alliances and risk management. Journal of International Economics 102, 22–49
Manconi, A., M. Massa, and L. Zhang. 2015. Bondholder concentration and credit risk: Evidence from a natural experiment. Review of Finance 20, 127–159
Manconi, A., and M. Massa. 2013. A servant to many masters: competing shareholder preferences and limits to catering. Journal of Financial and Quantitative Analysis 48, 1693–1716
Main conferences: FIRS 2009, EFA 2009, AFA 2010
Manconi, A., M. Massa, and A. Yasuda. 2012. The role of institutional investors in propagating the financial crisis of 2007–2008. Journal of Financial Economics 104, 491–518
Main conferences: FIRS 2010, WFA 2010, EFA 2010
Barucci, E., C. Bianchi, and A. Manconi. 2006. Internal dealing regulation and insiders’ trades in the Italian financial market. European Journal of Law and Economics 22, 107–119