Publications

• Do institutional investors stabilize equity markets in crisis periods? Evidence from COVID-19, with Simon Glossner, Pedro Matos, and Alexander F. Wagner, Management Science, forthcoming:  https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2022.03411. 

Media coverage: Bloomberg, Institutional Investor (here and here), Harvard Law School Forum on Corporate Governance, NZZ, UVA Darden

• Low carbon mutual funds, with Marco Ceccarelli and Alexander F. Wagner, 2024, Review of Finance, 28(1), 45-74: https://academic.oup.com/rof/article/28/1/45/7103324. 

Media coverage: Harvard Law School Forum on Corporate Governance, UNPRI.org, ETF.com, Finanz und Wirtschaft.

• Feverish stock price reactions to COVID-19, with Alexander F. Wagner, 2020, Review of Corporate Finance Studies 9, 622-655: https://academic.oup.com/rcfs/article/9/3/622/5868420. 

Media coverage: VoxEu.org, Duke Law’s Global Financial Markets Center, Pension Policy International, Risk.net, Der Tagesspiegel, Retirement Income Journal, Formiche.net, IFS, Finanz und Wirtschaft, BankUnderground (BoE).

• Investor rewards to climate responsibility: Stock-price responses to the opposite shocks of the 2016 and 2020 U.S. elections, with Alexander F. Wagner, Richard Zeckhauser, and Alexandre Ziegler, 2021, Review of Corporate Finance Studies 10, 748-787: https://academic.oup.com/rcfs/advance-article-abstract/doi/10.1093/rcfs/cfab010/6303621?redirectedFrom=fulltext.

Media coverage: VoxEu.org, NBS.net,  Finews.com, FinancialadvisorIQ.com, Neue Zürcher Zeitung (NZZ)

•  Stock price effects of climate activism: Evidence from the first Global Climate Strike, with Elisa Ossola and Michela Rancan, 2021, Journal of Corporate Finance 69, 102018, special issue "The Finance of Climate Change": https://www.sciencedirect.com/science/article/pii/S0929119921001395?via%3Dihub.

Other publications 

•  "Green sentiment, stock returns, and corporate behavior", with Marie Brière, Proceedings of the 8th Public Investors Conference, BIS Bank of Internal Settings, 2023.

• "What the stock market tells us about the consequences of COVID-19", 2020, with Alexander F. Wagner, in "Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes", CEPR Press.  

• "COVID-19 and the stock market", 2020, with Alexander F. Wagner, in  "A New World Post COVID-19. Lessons for Business, the Finance Industry and Policy Makers": https://edizionicafoscari.unive.it/media/pdf/books/978-88-6969-443-1/978-88-6969-443-1-ch-08_QIy5XEK.pdf 

• Le questioni di sostenibilità rilevanti per imprese e stati (Relevant sustainability issues for corporates and countries) , 2013, with Cristina Daverio, in "Creare valore a lungo termine”,  EGEA Milan.

• "Local economies in a globalizing world: The role of European industrial policy", 2011, Local Economy 26, 588--593, with Christensen Peder and Christopher Allen, 2011,  https://journals.sagepub.com/doi/abs/10.1177/0269094211417517