Giovanna Nicodano

Collegio Carlo Alberto, Università di Torino

Piazza Arbarello 8

Torino, 10122

Italy

http://https://www.carloalberto.org/person/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

28

DOWNLOADS
Rank 6,833

SSRN RANKINGS

Top 6,833

in Total Papers Downloads

6,792

SSRN CITATIONS
Rank 7,712

SSRN RANKINGS

Top 7,712

in Total Papers Citations

30

CROSSREF CITATIONS

109

Scholarly Papers (28)

1.

Business Groups and Debt

Number of pages: 32 Posted: 07 Mar 2002
Magda Bianco and Giovanna Nicodano
Bank of Italy and Collegio Carlo Alberto, Università di Torino
Downloads 764 (33,615)
Citation 1

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 729 (35,355)
Citation 1

Abstract:

Loading...

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
Collegio Carlo Alberto, Università di Torino and University of Turin - Department of Economics and Financial Sciences G. Prato

Abstract:

Loading...

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, Collegio Carlo Alberto, Università di Torino and University of Turin - Department of Economics and Financial Sciences G. Prato
Downloads 654 (41,517)
Citation 8

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 554 (51,513)
Citation 6

Abstract:

Loading...

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
Collegio Carlo Alberto, Università di Torino and Bocconi University - Department of Finance
Downloads 539 (52,773)
Citation 1

Abstract:

Loading...

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
Collegio Carlo Alberto, Università di Torino and Bocconi University - Department of Finance

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 456 (65,780)
Citation 4

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 344 (91,545)
Citation 1

Abstract:

Loading...

equally weighted portfolios, long investment horizon, real-time strategic asset allocation, public real estate vehicles, ex post performance, 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 Collegio Carlo Alberto, Università di Torino
Downloads 212 (151,133)

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 94 (292,421)

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 3 (691,809)
  • Add to Cart

Abstract:

Loading...

9.

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), Collegio Carlo Alberto, Università di Torino and Bocconi University - Department of Finance
Downloads 308 (103,437)
Citation 1

Abstract:

Loading...

Optimal asset allocation, Real estate, Predictability, Parameter uncertainty

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
Collegio Carlo Alberto, Università di Torino and University of Turin
Downloads 306 (104,210)
Citation 2

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 220 (146,288)
Citation 2

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 214 (149,821)
Citation 1

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino

Abstract:

Loading...

G18, G14, D82, K22

13.
Downloads 208 (154,156)
Citation 6

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), Collegio Carlo Alberto, Università di Torino and Bocconi University - Department of Finance
Downloads 208 (153,916)
Citation 6

Abstract:

Loading...

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), Collegio Carlo Alberto, Università di Torino and Bocconi University - Department of Finance

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 193 (165,303)
Citation 1

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 146 (210,506)

Abstract:

Loading...

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

16.

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 Collegio Carlo Alberto, Università di Torino
Downloads 134 (225,445)

Abstract:

Loading...

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

17.

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 Collegio Carlo Alberto, Università di Torino
Downloads 128 (233,645)

Abstract:

Loading...

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

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, Collegio Carlo Alberto, Università di Torino and University of Turin - Department of Economics and Financial Sciences G. Prato
Downloads 126 (236,391)
Citation 2

Abstract:

Loading...

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), Collegio Carlo Alberto, Università di Torino and Bocconi University - Department of Finance
Downloads 118 (249,439)

Abstract:

Loading...

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), Collegio Carlo Alberto, Università di Torino and Bocconi University - Department of Finance

Abstract:

Loading...

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

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 Collegio Carlo Alberto, Università di Torino
Downloads 60 (380,010)
Citation 2

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino
Downloads 29 (509,398)
Citation 2

Abstract:

Loading...

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 Collegio Carlo Alberto, Università di Torino

Abstract:

Loading...

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

21.

Intercorporate Guarantees, Leverage and Taxes

Number of pages: 25 Posted: 16 Mar 2012
Giovanna Nicodano and Elisa Luciano
Collegio Carlo Alberto, Università di Torino and Collegio Carlo Alberto
Downloads 89 (300,390)

Abstract:

Loading...

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

22.

Survival and Pricing Puzzles

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 600/2019
Number of pages: 65 Posted: 04 Mar 2019 Last Revised: 07 Jan 2020
Michela Altieri and Giovanna Nicodano
Vrije Universiteit Amsterdam and Collegio Carlo Alberto, Università di Torino
Downloads 59 (377,843)

Abstract:

Loading...

survivorship bias, asset pricing, market efficiency, diversification discount, parent company discount

23.

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 Collegio Carlo Alberto, Università di Torino
Downloads 54 (394,141)

Abstract:

Loading...

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

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, Collegio Carlo Alberto, Università di Torino and BI Norwegian Business School
Downloads 36 (462,723)
  • Add to Cart

Abstract:

Loading...

Privatization, financial market development, international finance

25.

Hedging Labor Income Risk over the Life-Cycle

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 39 Posted: 29 Oct 2019
University of Turin - Department of Economics and Statistics, University of Torino & CERP, Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) and Collegio Carlo Alberto, Università di Torino
Downloads 15 (579,137)

Abstract:

Loading...

26.

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 Collegio Carlo Alberto, Università di Torino

Abstract:

Loading...

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

27.

Equally Weighted vs. Long-Run Optimal Portfolios

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

Abstract:

Loading...

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

28.

Pyramidal Groups and Debt

European Economic Review, Forthcoming
Posted: 06 May 2006
Magda Bianco and Giovanna Nicodano
Bank of Italy and Collegio Carlo Alberto, Università di Torino

Abstract:

Loading...

Other Papers (1)

Total Downloads: 11
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 Collegio Carlo Alberto, Università di Torino
Downloads 11

Abstract:

Loading...

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