Giovanna Nicodano

University of Turin - Department of Economics and Statistics

Professor of Financial Economics

Turin, 10134

Italy

http://www.carloalberto.org/people/faculty/fellows/nicodano/

Collegio Carlo Alberto

Research Fellow

via Real Collegio 30

Moncalieri, Torino 10024

Italy

http://www.carloalberto.org/people/nicodano/

SCHOLARLY PAPERS

26

DOWNLOADS
Rank 5,701

SSRN RANKINGS

Top 5,701

in Total Papers Downloads

6,230

CITATIONS
Rank 4,238

SSRN RANKINGS

Top 4,238

in Total Papers Citations

127

Scholarly Papers (26)

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 of Economics and Statistics
Downloads 716 (27,099)
Citation 4

Abstract:

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 of Economics and Statistics
Downloads 709 (28,005)
Citation 16

Abstract:

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 of Economics and Statistics and University of Turin - Department of Economics and Financial Sciences G. Prato

Abstract:

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 of Economics and Statistics and University of Turin - Department of Economics and Financial Sciences G. Prato
Downloads 612 (33,651)
Citation 42

Abstract:

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 of Economics and Statistics
Downloads 523 (41,493)
Citation 6

Abstract:

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 of Economics and Statistics and Bocconi University - Department of Finance
Downloads 517 (42,819)
Citation 6

Abstract:

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 of Economics and Statistics and Bocconi University - Department of Finance

Abstract:

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 of Economics and Statistics
Downloads 428 (52,705)
Citation 11

Abstract:

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, Quantitative Methods and Business Strategies (DEMS), Bocconi University - Department of Finance and University of Turin - Department of Economics and Statistics
Downloads 296 (78,302)

Abstract:

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, Quantitative Methods and Business Strategies (DEMS), University of Turin - Department of Economics and Statistics and Bocconi University - Department of Finance
Downloads 292 (82,981)
Citation 3

Abstract:

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, Quantitative Methods and Business Strategies (DEMS), Bocconi University - Department of Finance and University of Turin - Department of Economics and Statistics
Downloads 194 (129,835)
Citation 2

Abstract:

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, Quantitative Methods and Business Strategies (DEMS) and University of Turin - Department of Economics and Statistics
Downloads 90 (240,884)
Citation 2

Abstract:

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, Quantitative Methods and Business Strategies (DEMS), Bocconi University - Department of Finance and University of Turin - Department of Economics and Statistics
Downloads 3 (556,719)
Citation 2
  • Add to Cart

Abstract:

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 and University of Turin - Department of Economics and Statistics
Downloads 204 (123,750)
Citation 1

Abstract:

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 and University of Turin - Department of Economics and Statistics

Abstract:

G18, G14, D82, K22

11.
Downloads 192 (131,289)
Citation 17

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, Quantitative Methods and Business Strategies (DEMS), University of Turin - Department of Economics and Statistics and Bocconi University - Department of Finance
Downloads 192 (131,117)
Citation 17

Abstract:

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, Quantitative Methods and Business Strategies (DEMS), University of Turin - Department of Economics and Statistics and Bocconi University - Department of Finance

Abstract:

optimal asset allocation, real estate, predictability, parameter uncertainty

12.

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 of Economics and Statistics
Downloads 181 (129,451)
Citation 2

Abstract:

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

13.

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 of Economics and Statistics
Downloads 163 (142,274)

Abstract:

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

14.

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 of Economics and Statistics
Downloads 131 (176,158)

Abstract:

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

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, Quantitative Methods and Business Strategies (DEMS), University of Turin - Department of Economics and Statistics and Bocconi University - Department of Finance
Downloads 111 (208,038)
Citation 2

Abstract:

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, Quantitative Methods and Business Strategies (DEMS), University of Turin - Department of Economics and Statistics and Bocconi University - Department of Finance

Abstract:

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

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, Quantitative Methods and Business Strategies (DEMS), University of Turin - Department of Economics and Statistics and University of Turin - Department of Economics and Statistics
Downloads 109 (194,273)

Abstract:

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

17.

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 of Economics and Statistics and University of Turin - Department of Economics and Financial Sciences G. Prato
Downloads 99 (212,671)
Citation 1

Abstract:

Venture Capital, Entrepreneurship, Public Policy, Capital Gains Tax

18.

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 of Economics and Statistics
Downloads 78 (220,019)

Abstract:

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

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, Quantitative Methods and Business Strategies (DEMS) and University of Turin - Department of Economics and Statistics
Downloads 51 (331,089)

Abstract:

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, Quantitative Methods and Business Strategies (DEMS) and University of Turin - Department of Economics and Statistics
Downloads 20 (461,709)

Abstract:

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, Quantitative Methods and Business Strategies (DEMS) and University of Turin - Department of Economics and Statistics

Abstract:

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

20.

Intercorporate Guarantees, Leverage and Taxes

Number of pages: 25 Posted: 16 Mar 2012
Giovanna Nicodano and Elisa Luciano
University of Turin - Department of Economics and Statistics and Collegio Carlo Alberto
Downloads 65 (261,239)

Abstract:

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

21.

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 of Economics and Statistics and BI Norwegian Business School
Downloads 36 (374,281)
Citation 14
  • Add to Cart

Abstract:

Privatization, financial market development, international finance

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, Quantitative Methods and Business Strategies (DEMS) and University of Turin - Department of Economics and Statistics
Downloads 0 (411,134)

Abstract:

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

23.

A Trade-off Theory of Ownership and Capital Structure

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 456/2015
Number of pages: 58 Posted: 30 Oct 2015 Last Revised: 05 Jul 2017
Giovanna Nicodano and Luca Regis
University of Turin - Department of Economics and Statistics and University of Siena - Dipartimento di Economia Politica
Downloads 0 (123,006)

Abstract:

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

24.

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 of Economics and Statistics, Università degli Studi di Milano-Bicocca - Department of Economics, Quantitative Methods and Business Strategies (DEMS) and Bocconi University - Department of Finance

Abstract:

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

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 of Economics and Statistics

Abstract:

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

26.

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 of Economics and Statistics

Abstract:

Other Papers (1)

Total Downloads: 7    Citations: 1
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, Quantitative Methods and Business Strategies (DEMS), University of Turin - Department of Economics and Statistics and University of Turin - Department of Economics and Statistics
Downloads 5
Citation 1

Abstract:

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