Mariassunta Giannetti

Mariassunta Giannetti holds a Ph.D. in Economics from the University of California, Los Angeles and completed her B.A. and M.Sc. at Bocconi University (Italy). She is a professor of Finance at the Stockholm School of Economics; she is also a CEPR research fellow in the financial economics program and a research associate of the ECGI.

Professor Giannetti has broad research interests in corporate finance and financial intermediation. She studies both empirically and theoretically how formal institutions (such as investor protection) and informal institutions (such as culture and social norms) affect corporate finance, investor behavior, asset  valuations, and economic and financial integration. Her publications have appeared in leading journals in Finance, Economics and Management, including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the American Economic Review, the Journal of Financial and Quantitative Analysis, and Management Science.

Professor Giannetti has been serving as associate editor of several journals, including the Review of Financial Studies, the Review of Finance, Financial Management and the Journal of Banking and Finance, and is a director of the European Finance Association. She has been honored as a rising star in finance in 2016 and has received numerous research awards including the Assar Lindbeck Medal, the Journal of Financial Intermediation best paper award, the European Central Bank Lamfalussy Research Fellowship, and the Stockholm School of Economics Annual Research award.

Education: Ph.D UCLA; BA, MA Bocconi

 

Publications

Mariassunta Giannetti, Carlo Altavilla, Miguel Boucinha, Lorenzo Burlon and Julian Schumacher (2024). Central Bank Liquidity Reallocation and Bank Lending: Evidence from the Tiering System, Journal of Financial Economics, Forthcoming

Mariassunta Giannetti, Nuri Ersahin and Ruidi Huang (2024). Trade Credit and the Stability of Supply Chains, Journal of Financial Economics, vol. 155

Mariassunta Giannetti, Nickolay Gantchev and Rachel Li (2024). Sustainability or Performance? Ratings and Fund Managers’ Incentives, Journal of Financial Economics, vol. 155

Mariassunta Giannetti, Chotibhak Jotikasthira (2024). Bond Price Fragility and the Structure of the Mutual Fund Industry, Review of Financial Studies, vol. 37, pp. 2063-2109

Mariassunta Giannetti and Tracy Wang (2023). Public Attention to Gender Equality and Board Gender Diversity, Journal of Financial and Quantitative Analysis, vol. 58, pp. 485-511

Mariassunta Giannetti, Manuel Adelino, Miguel A. Ferreira and Pedro Pires (2023). Trade Credit and the Transmission of Unconventional Monetary Policy, Review of Financial Studies, vol. 36, pp. 775-813

Mariassunta Giannetti and Yeejin Jang (2023). Who Lends Before Banking Crises? Evidence from the International Syndicated Loan Market, Management Science, Forthcoming

Mariassunta Giannetti, Carlo Altavilla, Lorenzo Burlon and Sarah Holton (2022). Is there a zero lower bound? The effects of negative policy rates on banks and firms, Journal of Financial Economics, vol. 144, pp. 885-907

Ramin Baghai, Mariassunta Giannetti and Ivika Jäger (2022). Liability Structure and Risk Taking: Evidence from the Money Market Fund Industry. Journal of Financial and Quantitative Analysis, vol 57, pp. 1771-1804

Giovanni Favara and Janet Gao, Mariassunta Giannetti (2021). Uncertainty, access to debt, and firm precautionary behavior. Journal of Financial Economics, vol 141, pp. 436-453

Mariassunta Giannetti and Nickolay Gantchev (2021). The Costs and Benefits of Shareholder Democracy: Gadflies and Low-Cost Activism. Review of Financial Studies, vol. 34, pp. 5629-5675

Mariassunta Giannetti and Nicolas Serrano-Velarde and Emanuele Tarantino (2021.) Cheap Trade Credit and Competition in Downstream Markets. Journal of Political Economy, vol. 129, pp. 1744-1796

Mariassunta Giannetti and Xiaoyun Yu (2021). Adapting to Radical Change: The Benefits of Short-Horizon Investors. Management Science, vol. 67, pp. 3985-4642

Mariassunta Giannetti, Guanmin Liao, Jiaxing You, Xiaoyun Yu (2021). The Externalities of Corruption: Evidence From Entrepreneurial Activity in China. Review of Finance, vol 25, pp. 629-667

Mariassunta Giannetti and Francesco Franzoni (2019). Costs and Benefits of Financial Conglomerate Affiliation: Evidence from Hedge Funds. Journal of Financial Economics, vol. 134, pp. 355-380

Mariassunta Giannetti and Farzad Saidi (2019). Shock Propagation and Banking Structure. Review of Financial Studies, vol. 32, pp. 2499-2540

Mariassunta Giannetti and Mengxin Zhao (2019). Board Ancestral Diversity and Firm Performance Volatility. Journal of Financial and Quantitative Analysis, vol. 54, pp. 1117-1155

Fabio Braggion, Mariassunta Giannetti (2018). Changing Corporate Governance Norms: Evidence from Dual Class Shares in the U.K. Journal of Financial Intermediation, vol 37, pp. 15-27

Mariassunta Giannetti, Bige Kahraman (2018). Open-end Organizational Structures and Limits to Arbitrage. Review of Financial Studie, vol 31, pp. 773-810

Mariassunta Giannetti, Jose Liberti and Jason Sturgess (2017). Information Sharing and Rating Manipulation. Review of Financial Studies, vol 30, pp. 3269-3304

Giovanni Favara and Mariassunta Giannetti (2016). Forced Asset Sales and the Concentration of Outstanding Debt: Evidence from the Mortgage Market. Journal of Finance, vol. 72, pp. 1081-1118

Mariassunta Giannetti and Tracy Wang (2016). Corporate Scandals and Household Stock Market Participation. Journal of Finance, vol 71, pp. 2591-2636

Mariassunta Giannetti and Daniel Metzger (2015) 3. Compensation and Competition for Talent: Evidence from the Financial Industry. Finance Research Letters, vol 12, pp. 11-16

Mariassunta Giannetti, Xiaoyun Yu and Guanmin Liao (2015). The Brain Gain of Corporate Boards: Evidence from China. Journal of Finance, vol. 70(4), pp. 1629-1682

Mariassunta Giannetti and Luc Laeven (2015). Local Ownership, Crises, and Asset Prices:  Evidence from U.S. Mutual Funds. Review of Finance, vol 20, pp. 947-978

Mariassunta Giannetti and Nuno Fernandes (2014). On the Fortunes of Stock Exchanges and Their Reversals: Evidence from Foreign Listings. Journal of Financial Intermediation, vol 23, pp. 157-176

Mariassunta Giannetti and Xiaoyun Yu (2014). Economic Development and Relationship-Based Financing. Review of Corporate Finance Studies, vol 4, pp. 69-107

Mariassunta Giannetti and Andrei Simonov (2013). On the real effects of bank bailouts: Micro-Evidence from Japan.American Economic Journal: Macroeconomics, vol 5, pp. 135-167

Mariassunta Giannetti, Cristina Cella and Andrew Ellul (2013). Investors' Horizons and the Amplification of Market Shocks. Review of Financial Studies, vol 26, pp. 1607-1648

Mariassunta Giannetti and Steven Ongena (2012). Lending by Example': Direct and Indirect Effects of Foreign Banks in Emerging Markets. Journal of International Economics, vol 86, pp. 167-180

Mariassunta Giannetti and Yishay Yafeh (2012). Do Cultural Differences Between Contracting Parties Matter? Evidence from Syndicated Bank Loans. Management Science, vol 58, pp. -365-383

Mariassunta Giannetti and Luc Laeven (2012). The Flight Home Effect: Evidence from the Syndicated Loan Market During Financial Crises. Journal of Financial Economics, vol 104, pp. 23-43

Mariassunta Giannetti and Luc Laeven (2012). Flight Home, Flight Abroad and International Credit Cycles. American Economic Review, vol 102, pp. 219-224

Mariassunta Giannetti and Renée Adams (2012). Is Pay a Matter of Values?. International Review of Finance. vo 12, pp. 133-173

Mariassunta Giannetti (2011). Liquidity Constraints and Occupational Choice. Finance Research Letters. vol 8, pp. 37-44

Mariassunta Giannetti (2011). Serial CEO Incentives and the Structure of Managerial Contracts. Journal of Financial Intermediation. vol 20, pp. 633-662

Mike Burkart, Mariassunta Giannetti and Tore Ellingsen (2011). What You Sell Is What You Lend? Explaining Trade Credit Contracts. Review of Financial Studies, vol. 24(4), pp. 1299-1335