WORKING PAPERS
"Ownership Links, Leverage and Credit Risk" , with Elisa Luciano, Working Paper, 2008, Carlo Alberto Notebooks 69, Collegio Carlo Alberto
"Leverage and Firm Scope" , with Elisa Luciano, Ricafe WP 49, January 2008
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1520422
"Diversifying in Public Real Estate: The Ex-Post Performance" with Carolina Fugazza and Massimo Guidolin, 2008, ssrn working paper series.
"Investing in Mixed Asset Portfolios: the Ex-Post Performance" , with Carolina Fugazza and Massimo Guidolin, Working Paper, 2007, CeRP Working Papers 69, Center of Research on Pensions and Welfare Policies, Turin (Italy).
"Small Caps in International Diversified Portfolios" , with Massimo Guidolin, CeRP Working Papers 68, 2007, Center of Research on Pensions and Welfare Policies, Turin (Italy).
"International Diversification and Labor Income Risk" , with Carolina Fugazza and Maela Giofrè, Working Paper, 2007, CeRP Working Papers 67, Center for Research on Pensions and Welfare Policies, Turin (Italy).
"Managing International Portfolios with Small Capitalization Stocks" , with Massimo Guidolin, Working Paper 2007-030, Federal Reserve Bank of St. Louis. Also CeRP Working Papers 68, 2007
"Should Insider Trading be Prohibited when Share Repurchases are Allowed?" , with Andrea Buffa, 2006, Carlo Alberto Notebooks 16, Collegio Carlo Alberto. Published as: "Should Insider Trading be Prohibited when Share Repurchases are Allowed?" , 2008, Review of Finance, 12(4), 735-765.
"Investing for the Long-Run in European Real Estate" , Working Papers 2006-028, Federal Reserve Bank of St. Louis. Published as: "Investing for the Long-Run in European Real Estate" , 2007, Journal of Real Estate Finance and Economics, Springer, vol. 34 (1), 35-80, January.
"Small Caps in International Equity Portfolios: The Effects of Variance Risk," CeRP Working Paper, February 2005 - Presented at the Meetings of the American Finance Association, Boston 2006 , with Massimo Guidolin. Published as: "Small Caps in International Equity Portfolios: The Effects of Variance Risk," 2009, Annals of Finance, Springer, vol. 5(1), 15-48, January.
"Investing for the Long-Run in European Real Estate. Does Predictability Matter?," Working Papers 40, CeRP Working Paper, 2005, with Carolina Fugazza e Massimo Guidolin.
"Public Policy and the Creation of Active Venture Capital Markets" , with Marco Da Rin and Alessandro Sembenelli, Working Paper Series 430, European Central Bank, 2005. Published as: "Public Policy and th Creation of Active Venture Capital Markets" , Journal of Public Economics, Elsevier, vol.90(8-9), 1699-1723, September 2006.
"Privatization and Stock Market Liquidity" , with Bernardo Bortolotti, Frank de Jong and Ibolya Schindele, 2004, SIFR Research Report Series 23, Swedish Institute for Financial Research. Published as: "Privatization and Stock Market Liquidity" , Journal of Banking & Finance, Elsevier, vol.31(2), 297-316, February 2007.
"Business Groups and Debt", with Magda Bianco, 2004, ssrn case and teaching series. Published as "Pyramidal Groups and Debt", European Economic Review 50, no. 4 (2004): 937-961.
"Privatization and Financial Market Development: Theoretical Issues," Working Papers 2003.1, Fondazione Eni Enrico Mattei, 2003, with Gabriella Chiesa.
"Insider Trading, Traded Volume and Returns," July 2001, with Fabio C. Bagliano and Carlo A. Favero.
"Private Benefits, Block Transaction Premiums and Ownership Structure", with Alessandro Sembenelli, 2000, ssrn working paper series. Published as "Private Benefits, Block Transaction Premiums and Ownership Structure", International Review of Financial Analysis, Vol. 13(2), 227-244, 2004.
"Insider Trading, Investment and Liquidity: A Welfare Analysis" , with Sudipto Bhattacharya, 1999, FMG Discussion Papers dp 334, Financial Markets Group. Published as: "Insider Trading, Investment and Liquidity: A Welfare Analysis" , Journal of Finance, American Finance Association, vol.56(3), 1141-1156.
"Property Rights, Insider Trading and Disclosure", 1999, Working Paper, Quaderni del Dipartimento "G. Prato", n. 41.
"Insider Trading, Investments and Welfare. A Perturbation Analysis", with Sudipto Bhattacharya, 1997, Working Paper - FMG Discussion Papers dp334, Financial Market Group. Published as "Insider Trading, Investment and Welfare. A Perturbation Analysis", in G.Chiesa (ed. by), Banking Competition and Risk Management , Roma: Bancaria Editrice, 1997.
"Block Transaction Premia and Partial Benefits. An Empirical Investigation", with Alessandro Sembenelli, 1996, Working Paper, Centro "P. Baffi", n. 112 and Fondazione Eni Enrico Mattei, W.P. series 66/97.
"Shareholders' Voting Power and Block Transaction Premia: an Empirical Analysis of Italian Listed Companies", with Alessandro Sembenelli, 1996, Working Paper, CERIS_CNR, 17.
"The Value of Non-Voting Shares and Pyramidal Groups", Working Paper, Quaderni del Centro "P. Baffi", 77
"Corporate Information Sales and Market Liquidity: A Property Right Approach to Insider Trading," CEPR Financial Markets Paper 0025, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 90--98 Goswell Road, London EC1V 7RR, 1992 .
"Information Supply with a Linear Signalling Rule: A Note on Distorted Signals." CEPR Financial Markets Paper 0009, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 90--98 Goswell Road, London EC1V 7RR, 1990.
"Financial Constraints and Firms' Decisions under a Putty-Clay Technology", with R. Faini and F. Schiantarelli, Working Paper, Institute of Financial Studies, n. W89/12.
"Equilibrium Public Information In Asset Markets." Working Paper 105, Princeton, Department of Economics - Financial Research Center, 1989.
"Insider Trading. A Review of the Issues", 1988, Working Paper, Quaderni di Ricerca, Centro di Economia Monetaria e Finanziaria.
.