Giovanna Nicodano

University of Turin - Department ESOMAS

Professor of Financial Economics

Turin, 10134

Italy

http://https://www.carloalberto.org/person/giovanna-nicodano/

Collegio Carlo Alberto

Research Fellow

Piazza Arbarello 8

Torino, Torino 10121

Italy

http://https://www.carloalberto.org/person/giovanna-nicodano/

SCHOLARLY PAPERS

27

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16

CROSSREF CITATIONS

109

Scholarly Papers (27)

1.

Business Groups and Debt

Number of pages: 32 Posted: 07 Mar 2002
Magda Bianco and Giovanna Nicodano
Bank of Italy and University of Turin - Department ESOMAS
Downloads 758 (32,090)
Citation 1

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capital structure, insolvency risk, pyramidal groups, protection of minority shareholders, asset partitioning

Private Benefits, Block Transaction Premiums and Ownership Structure

Number of pages: 30 Posted: 03 Apr 2000
Alessandro Sembenelli and Giovanna Nicodano
University of Turin - Department of Economics and Financial Sciences G. Prato and University of Turin - Department ESOMAS
Downloads 724 (33,620)

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Private Benefits, Block Transaction Premiums and Ownership Structure

International Review of Financial Analysis, Vol. 13, No. 2, pp. 227-244, 2004
Posted: 08 May 2006
Giovanna Nicodano and Alessandro Sembenelli
University of Turin - Department ESOMAS and University of Turin - Department of Economics and Financial Sciences G. Prato

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Power index, Control rents, Ownership structure, Acquisitions, Market for corporate control

3.

Public Policy and the Creation of Active Venture Capital Markets

ECB Working Paper No. 430; EFA 2004 Maastricht Meetings Paper No. 3701; IGIER Working Paper No. 270
Number of pages: 46 Posted: 27 Apr 2005
Marco Da Rin, Giovanna Nicodano and Alessandro Sembenelli
Tilburg University, Department of Finance, University of Turin - Department ESOMAS and University of Turin - Department of Economics and Financial Sciences G. Prato
Downloads 649 (39,473)
Citation 3

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Venture Capital, Capital Gains Tax, Public R&D Expenditure, Barriers to Entrepreneurship, Stock Markets, Public Policy

4.

Privatization and Financial Market Development: Theoretical Issues

FEEM Working Paper No. 1.2003
Number of pages: 27 Posted: 27 Feb 2003
Gabriella Chiesa and Giovanna Nicodano
University of Bologna - Department of Economics and University of Turin - Department ESOMAS
Downloads 552 (48,886)
Citation 6

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Privatization, Financial Market Development

Small Caps in International Equity Portfolios: The Effects of Variance Risk

AFA 2006 Boston Meetings Paper
Number of pages: 54 Posted: 19 Mar 2005
Giovanna Nicodano and Massimo Guidolin
University of Turin - Department ESOMAS and Bocconi University - Department of Finance
Downloads 535 (50,201)
Citation 1

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intertemporal portfolio choice, return predictability, co-skewness and co-kurtosis, international portfolio diversification

Small Caps in International Equity Portfolios: The Effects of Variance Risk

Annals of Finance, Forthcoming
Posted: 16 Jan 2008
Giovanna Nicodano and Massimo Guidolin
University of Turin - Department ESOMAS and Bocconi University - Department of Finance

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Intertemporal portfolio choice, Return predictability, Co-skewness and co-kurtosis, International portfolio diversification

6.

Insider Trading, Investment and Liquidity: A Welfare Analysis

Number of pages: 28 Posted: 08 Jun 2000
Sudipto Bhattacharya and Giovanna Nicodano
London School of Economics and University of Turin - Department ESOMAS
Downloads 455 (62,339)
Citation 2

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7.

1/N and Long Run Optimal Portfolios: Results for Mixed Asset Menus

Federal Reserve Bank of St, Louis, Working Paper No. 2010-003A
Number of pages: 47 Posted: 09 Jan 2010 Last Revised: 19 May 2014
Carolina Fugazza, Massimo Guidolin and Giovanna Nicodano
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS), Bocconi University - Department of Finance and University of Turin - Department ESOMAS
Downloads 338 (88,413)
Citation 1

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equally weighted portfolios, long investment horizon, real-time strategic asset allocation, public real estate vehicles, ex post performance, predictability, parameter uncertainty

8.

Investing for the Long-Run in European Real Estate: Does Predictability Matter?

Number of pages: 43 Posted: 28 Jan 2005
Carolina Fugazza, Giovanna Nicodano and Massimo Guidolin
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS), University of Turin - Department ESOMAS and Bocconi University - Department of Finance
Downloads 306 (98,622)
Citation 1

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Optimal asset allocation, Real estate, Predictability, Parameter uncertainty

Time and Risk Diversification in Real Estate Investments: Assessing the Ex Post Economic Value

Federal Reserve Bank of St. Louis Working Paper No. 2009-001A
Number of pages: 35 Posted: 15 Jan 2009
Carolina Fugazza, Massimo Guidolin and Giovanna Nicodano
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS), Bocconi University - Department of Finance and University of Turin - Department ESOMAS
Downloads 204 (148,772)

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real time asset allocation, real estate, ex post performance, predictability, parameter uncertainty

Time and Risk Diversification in Real Estate Investments: Assessing the Ex Post Economic Value

Manchester Business School Research Paper No. 581
Number of pages: 45 Posted: 01 Dec 2009
Massimo Guidolin, Carolina Fugazza and Giovanna Nicodano
Bocconi University - Department of Finance, Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) and University of Turin - Department ESOMAS
Downloads 92 (281,900)

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real time asset allocation, real estate, ex post performance, predictability, parameter uncertainty

Time and Risk Diversification in Real Estate Investments: Assessing the Ex Post Economic Value

Real Estate Economics, Vol. 37, Issue 3, pp. 341-381, Fall 2009
Number of pages: 41 Posted: 13 Oct 2009
Carolina Fugazza, Massimo Guidolin and Giovanna Nicodano
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS), Bocconi University - Department of Finance and University of Turin - Department ESOMAS
Downloads 3 (659,384)
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10.

A Trade-off Theory of Ownership and Capital Structure

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 58 Posted: 30 Oct 2015 Last Revised: 18 Sep 2018
Giovanna Nicodano and Luca Regis
University of Turin - Department ESOMAS and University of Siena - Dipartimento di Economia Politica
Downloads 294 (103,035)

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ownership, leverage, taxes, Thin Capitalization, groups, multinationals

11.

Ownership Links, Leverage and Credit Risk

Number of pages: 41 Posted: 25 Mar 2008
Elisa Luciano and Giovanna Nicodano
Collegio Carlo Alberto and University of Turin - Department ESOMAS
Downloads 216 (141,221)
Citation 3

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credit risk, default risk, structural models, optimal leverage, zero leverage, ownership structure, parent-subsidiary

Should Insider Trading be Prohibited when Share Repurchases are Allowed?

Number of pages: 32 Posted: 03 Mar 2007
Andrea M. Buffa and Giovanna Nicodano
Boston University - Department of Finance & Economics and University of Turin - Department ESOMAS
Downloads 211 (144,056)
Citation 1

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information trading, share repurchases, liquidity, disclosure

Should Insider Trading Be Prohibited When Share Repurchases are Allowed?

Review of Finance, Vol. 12, Issue 4, pp. 735-765, 2008
Posted: 27 Oct 2008
Andrea M. Buffa and Giovanna Nicodano
Boston University - Department of Finance & Economics and University of Turin - Department ESOMAS

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G18, G14, D82, K22

13.
Downloads 203 (149,625)
Citation 4

Investing for the Long-Run in European Real Estate

FRB of St. Louis Working Paper No. 2006-028A
Number of pages: 44 Posted: 04 May 2006
Carolina Fugazza, Giovanna Nicodano and Massimo Guidolin
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS), University of Turin - Department ESOMAS and Bocconi University - Department of Finance
Downloads 203 (149,415)
Citation 4

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optimal asset allocation, real estate, predictability, parameter uncertainty

Investing for the Long-Run in European Real Estate

Journal of Real Estate Finance and Economics, Vol. 34, No. 1, 2007
Posted: 18 Aug 2006
Carolina Fugazza, Giovanna Nicodano and Massimo Guidolin
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS), University of Turin - Department ESOMAS and Bocconi University - Department of Finance

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optimal asset allocation, real estate, predictability, parameter uncertainty

14.

Leverage and Value Creation in Holding-Subsidiary Structures

ECGI - Finance Working Paper No. 268/2009
Number of pages: 52 Posted: 09 Dec 2009 Last Revised: 18 Mar 2010
Elisa Luciano and Giovanna Nicodano
Collegio Carlo Alberto and University of Turin - Department ESOMAS
Downloads 189 (160,010)
Citation 1

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holding, subsidiary, groups, guarantees, debt, taxes, bankruptcy costs, limited liability, capital structure

15.

Managing International Portfolios With Small Capitalization Stocks

Number of pages: 48 Posted: 31 Aug 2007
Massimo Guidolin and Giovanna Nicodano
Bocconi University - Department of Finance and University of Turin - Department ESOMAS
Downloads 144 (202,092)

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intertemporal portfolio choice, return predictability, co-skewness and co-kurtosis, international portfolio diversification

16.

Can Pension Funds Hedge Wage Risk?

Rotman International Journal of Pension Management, Vol. 2, No. 1, 2009
Number of pages: 8 Posted: 23 May 2009
Carolina Fugazza, Maela Giofré and Giovanna Nicodano
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS), University of Turin - Department of Economics and Statistics and University of Turin - Department ESOMAS
Downloads 127 (223,307)

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International Diversification, Labour Income, Pension Funds, Portfolio Choice, Rotman

17.

The Economic Value of Timing Higher Order (Co-)Moments in Bull and Bear Markets

Number of pages: 58 Posted: 28 Feb 2014
Massimo Guidolin and Giovanna Nicodano
Bocconi University - Department of Finance and University of Turin - Department ESOMAS
Downloads 126 (224,673)

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equity market regimes, bull and bear states, return predictability, skewness and kurtosis, equity portfolio diversification.

18.

A Reply to Douglas Cumming’s 'Review Essay: Public Policy and the Creation of Active Venture Capital Markets'

Venture Capital: An International Journal of Entrepreneurial Finance, Forthcoming
Number of pages: 4 Posted: 07 Nov 2010
Marco Da Rin, Giovanna Nicodano and Alessandro Sembenelli
Tilburg University, Department of Finance, University of Turin - Department ESOMAS and University of Turin - Department of Economics and Financial Sciences G. Prato
Downloads 122 (230,260)
Citation 2

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Venture Capital, Entrepreneurship, Public Policy, Capital Gains Tax

Diversifying in Public Real Estate: The Ex-Post Performance

Number of pages: 22 Posted: 16 Jan 2008
Carolina Fugazza, Giovanna Nicodano and Massimo Guidolin
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS), University of Turin - Department ESOMAS and Bocconi University - Department of Finance
Downloads 115 (241,592)

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Optimal asset allocation, Real estate, Parameter uncertainty, Out-of-sample performance

Diversifying in Public Real Estate: The Ex-Post Performance

Journal of Asset Management, Forthcoming
Posted: 16 Jan 2008
Carolina Fugazza, Giovanna Nicodano and Massimo Guidolin
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS), University of Turin - Department ESOMAS and Bocconi University - Department of Finance

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Optimal asset allocation; Real estate; Parameter uncertainty; Out-of-sample performance

20.

Intercorporate Guarantees, Leverage and Taxes

Number of pages: 25 Posted: 16 Mar 2012
Giovanna Nicodano and Elisa Luciano
University of Turin - Department ESOMAS and Collegio Carlo Alberto
Downloads 87 (289,968)

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debt, taxes, bankruptcy costs, limited liability, capital structure, subsidiary, groups, mergers

Optimal Life-Cycle Portfolios for Heterogeneous Workers

Netspar Discussion Paper No. 06/2013-025
Number of pages: 46 Posted: 19 Aug 2013
Fabio C. Bagliano, Carolina Fugazza and Giovanna Nicodano
University of Turin - Department of Economics and Statistics, Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) and University of Turin - Department ESOMAS
Downloads 58 (367,915)
Citation 2

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Life-cycle portfolio choice, background risk, age rule, investor heterogeneity, stock market participation

Optimal Life-Cycle Portfolios for Heterogeneous Workers

University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 260
Number of pages: 38 Posted: 07 Dec 2013
Fabio C. Bagliano, Carolina Fugazza and Giovanna Nicodano
University of Turin - Department of Economics and Statistics, Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) and University of Turin - Department ESOMAS
Downloads 27 (496,462)

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Life-cycle portfolio choice, background risk, age rule, investor heterogeneity

Optimal Life-Cycle Portfolios for Heterogeneous Workers

Forthcoming, Review of Finance © by Oxford University Press
Posted: 11 Aug 2013 Last Revised: 03 Jul 2017
Fabio C. Bagliano, Carolina Fugazza and Giovanna Nicodano
University of Turin - Department of Economics and Statistics, Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) and University of Turin - Department ESOMAS

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Household portfolios include risky bonds, beyond stocks, respond to permanent labour income shocks

22.

Life-Cycle Asset Allocation and Unemployment Risk

Netspar Discussion Paper No. 10/2015-079
Number of pages: 20 Posted: 08 Mar 2016
Fabio C. Bagliano, Carolina Fugazza and Giovanna Nicodano
University of Turin - Department of Economics and Statistics, Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) and University of Turin - Department ESOMAS
Downloads 50 (388,372)

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Life-cycle portfolio choice, unemployment risk, human capital depreciation, age rule

23.

Does Bankruptcy Risk Increase Value? Puzzles and Diversification

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 600/2019
Number of pages: 65 Posted: 04 Mar 2019 Last Revised: 12 Mar 2019
Michela Altieri and Giovanna Nicodano
Vrije Universiteit Amsterdam and University of Turin - Department ESOMAS
Downloads 43 (413,125)

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diversification discount, survivorship bias, parent company discount, bankruptcy, coinsurance, contagion

24.

Privatization and Stock Market Liquidity

CEPR Discussion Paper No. 4449
Number of pages: 40 Posted: 27 Jul 2004
Bocconi University, Tilburg University - Department of Finance, University of Turin - Department ESOMAS and BI Norwegian Business School
Downloads 36 (440,772)
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Privatization, financial market development, international finance

25.

Guarantees, Leverage, and Taxes

Forthcoming, Review of Financial Studies
Posted: 28 Feb 2014 Last Revised: 03 Jul 2017
Elisa Luciano and Giovanna Nicodano
Collegio Carlo Alberto and University of Turin - Department ESOMAS

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bailout, debt, bankruptcy costs, capital structure, groups, mergers, subsidiary, limited liability.

26.

Equally Weighted vs. Long-Run Optimal Portfolios

Forthcoming, European Financial Management
Posted: 28 Feb 2014
Giovanna Nicodano, Carolina Fugazza and Massimo Guidolin
University of Turin - Department ESOMAS, Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) and Bocconi University - Department of Finance

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asset allocation, return predictability, parameter uncertainty, REITs, portfolio performance

27.

Pyramidal Groups and Debt

European Economic Review, Forthcoming
Posted: 06 May 2006
Magda Bianco and Giovanna Nicodano
Bank of Italy and University of Turin - Department ESOMAS

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Other Papers (1)

Total Downloads: 9
1.

International Diversification and Labor Income Risk

EFA 2008 Athens Meetings Paper
Number of pages: 38 Posted: 06 Mar 2008 Last Revised: 18 Mar 2009
Carolina Fugazza, Maela Giofré and Giovanna Nicodano
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS), University of Turin - Department of Economics and Statistics and University of Turin - Department ESOMAS
Downloads 9

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optimal portfolio choice, labor income risk, industry-specific human capital, occupational pension funds