Erasmo Giambona

Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate

Professor of Finance, Michael J. Falcone Chair in Real Estate

721 University Avenue

RM 640

Syracuse, NY 13244-2450

United States

SCHOLARLY PAPERS

35

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Top 2,969

in Total Papers Downloads

21,873

SSRN CITATIONS
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SSRN RANKINGS

Top 4,025

in Total Papers Citations

355

CROSSREF CITATIONS

100

Scholarly Papers (35)

1.

Managing Risk Management

AFA 2012 Chicago Meetings Paper
Number of pages: 57 Posted: 18 Mar 2011 Last Revised: 20 Dec 2013
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University, Duke University - Fuqua School of Business and University of Pennsylvania - Finance Department
Downloads 3,628 (5,958)
Citation 24

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Corporate risk management, Global survey

2.

A View Inside Corporate Risk Management

Duke I&E Research Paper No. 16-6
Number of pages: 34 Posted: 20 May 2014 Last Revised: 16 Nov 2016
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 2,594 (10,152)
Citation 22

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Risk Management, Hedging, Managerial Risk Aversion, Behavioral Finance, Manager fixed-effects, Interest rate risk, Credit risk, Commodity risk, Foreign exchange risk

Liquidity Management and Corporate Investment During a Financial Crisis

Number of pages: 48 Posted: 07 Aug 2009 Last Revised: 21 Nov 2010
Cornell University - Samuel Curtis Johnson Graduate School of Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 2,192 (13,042)
Citation 39

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Financial crisis, liquidity management, investment spending, credit lines, drawdown activity, cash savings

Liquidity Management and Corporate Investment During a Financial Crisis

NBER Working Paper No. w16309
Number of pages: 45 Posted: 30 Aug 2010 Last Revised: 26 Jul 2023
Cornell University - Samuel Curtis Johnson Graduate School of Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 149 (363,429)
Citation 63

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4.

Hedge Fund Activism and Long-Term Firm Value

Number of pages: 66 Posted: 19 Nov 2015 Last Revised: 29 May 2020
Martijn Cremers, Erasmo Giambona, Simone M. Sepe and Ye Wang
University of Notre Dame, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Arizona - James E. Rogers College of Law and School of Banking and Finance, University of International Business and Economics
Downloads 2,266 (12,604)
Citation 15

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Hedge fund activism, corporate governance, long-term firm value, selection effect, matched sample, limited commitment, stakeholder relationships

5.

The Theory and Practice of Corporate Risk Management: Evidence from the Field

Number of pages: 56 Posted: 22 Mar 2018 Last Revised: 03 Aug 2018
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University, Duke University - Fuqua School of Business and Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)
Downloads 1,423 (26,009)
Citation 10

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Corporate risk management, Expected cash flows, Risk aversion, Agency theory, Credit rationing, Information uncertainty, Financial distress, Dodd-Frank, Regulations, Operational/financial hedging methods

6.

A Guide to Corporate Risk Management

Number of pages: 35 Posted: 13 Aug 2014
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 1,117 (36,840)
Citation 1

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Risk Management, Hedging, Managerial Risk Aversion, Behavioral Finance, Manager fixed-effects, Interest rate risk, Credit risk, Commodity risk, Foreign exchange risk.

7.

Real Assets and Capital Structure

Number of pages: 51 Posted: 02 Mar 2010 Last Revised: 10 Sep 2013
Murillo Campello and Erasmo Giambona
Cornell University - Samuel Curtis Johnson Graduate School of Management and Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate
Downloads 1,103 (37,510)
Citation 15

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Asset tangibility, capital structure, credit frictions, instrumental variables, asset demand

8.
Downloads 910 (49,247)
Citation 18

The Management of Political Risk

Duke I&E Research Paper No. 2016-32
Number of pages: 21 Posted: 29 Jun 2016 Last Revised: 12 Jul 2016
Erasmo Giambona, John R. Graham and Campbell R. Harvey
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 909 (48,590)

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Political risk, Risk management, Hedging, Real options, Cost of capital, Derivatives, Investment, Foreign direct investment, Risk aversion, Behavioral theory, Agency theory, Economic growth, FDI, ISDA, GARP

The Management of Political Risk

Journal of International Business Studies, Vol. 48, Issue 4, 2017
Number of pages: 11 Posted: 24 Apr 2018
Erasmo Giambona and Campbell Harvey
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and affiliation not provided to SSRN
Downloads 1 (1,181,121)
Citation 3
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political risk, risk management, hedging, real options, cost of capital, derivatives, investment, foreign direct investment, risk aversion, behavioral theory, agency theory, economic growth, FDI, ISDA, GARP, survey method, probit model

9.

The Price of Obscenity in Housing Markets: Evidence from Closing Prostitution Windows

Giambona, E. and Ribas, R. P. (2023), Unveiling the Price of Obscenity: Evidence from Closing Prostitution Windows in Amsterdam. Journal of Policy Analysis and Management. https://doi.org/10.1002/pam.22459
Number of pages: 65 Posted: 29 Jun 2017 Last Revised: 06 Mar 2023
Erasmo Giambona and Rafael P. Ribas
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and Boise State University - College of Business & Economics
Downloads 572 (90,253)
Citation 3

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Prostitution, Disamenity, Housing Prices, Spatial Regression Discontinuity, Social Discount

10.

Access to Liquidity and Corporate Investment in Europe During the Financial Crisis

Number of pages: 38 Posted: 25 Nov 2010 Last Revised: 23 Aug 2011
Cornell University - Samuel Curtis Johnson Graduate School of Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 534 (98,458)
Citation 21

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Financial Crisis, Investment Spending, Lines of Credit

11.

Hedge Fund Activists: Value Creators or Good Stock Pickers?

Number of pages: 58 Posted: 23 Jun 2020 Last Revised: 22 Jan 2021
Martijn Cremers, Erasmo Giambona, Simone M. Sepe and Ye Wang
University of Notre Dame, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Arizona - James E. Rogers College of Law and School of Banking and Finance, University of International Business and Economics
Downloads 529 (99,541)
Citation 2

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hedge funds, stock pickers, timing skills

12.

Real Assets and the Limits of Debt Capacity: Theory and Evidence

Number of pages: 42 Posted: 13 Apr 2012 Last Revised: 25 Feb 2016
Erasmo Giambona, Antonio S. Mello and Timothy J. Riddiough
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Wisconsin - Madison - Department of Finance, Investment and Banking and University of Wisconsin - School of Business - Department of Real Estate and Urban Land Economics
Downloads 478 (112,605)
Citation 5

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Real Assets, Collateral, Limits of Debt Capacity, Fannie Mae-Freddie Mac, Apartment, Russian Crisis

13.

Explaining the Variation in Reit Capital Structure: The Role of Asset Liquidation Value

Number of pages: 36 Posted: 23 Aug 2006
Erasmo Giambona, John P. Harding and C. F. Sirmans
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 442 (123,495)
Citation 1

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Asset Liquidation Value Hypothesis, Capital Structure, Debt Maturity, Leverage, Lease Structure, REITs

14.

Do Firms Purposefully Change Capital Structure?: Evidence from a Growth Shock to Pharmaceutical Firms

Number of pages: 54 Posted: 16 Oct 2012 Last Revised: 21 Apr 2018
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - Department of Finance and SKEMA Business School
Downloads 419 (131,410)
Citation 3

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Growth prospects, growth opportunities, unsecured debt, short-term debt, debt maturity, convertible debt, leverage, debt composition, debt structure

15.

The Post-Merger Underperformance Anomaly: Evidence from Reits

Number of pages: 21 Posted: 17 Jul 2006
Erasmo Giambona, Robert D. Campbell and C. F. Sirmans
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Hofstra University and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 378 (147,671)

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Real Estate Investment Trusts (REITs), Mergers, Buy-and-Hold Abnormal Returns (BHARs), Post-Merger Performance

16.

Incentive Fees and Mutual Fund Volatility Timing

Number of pages: 46 Posted: 13 Oct 2005 Last Revised: 05 Aug 2008
Erasmo Giambona and Joseph H. Golec
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and University of Connecticut - Department of Finance
Downloads 367 (152,602)
Citation 3

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mutual fund, volatility timing, incentive fee

17.

Stiffing the Creditor: The Effect of Asset Verifiability on Bankruptcy

Journal of Financial Intermediation, Forthcoming
Number of pages: 50 Posted: 07 Feb 2017 Last Revised: 04 Feb 2022
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, SKEMA Business School and SKEMA Business School - Université Côte d'Azur
Downloads 354 (158,806)

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Asset Verifiability, Bankruptcy, Chapter 11, Distress, Coordination, Creditor Protection

18.
Downloads 351 (160,274)
Citation 1

Hedging, Contract Enforceability and Competition

Tuck School of Business Working Paper No. 3802342
Number of pages: 121 Posted: 16 Mar 2021 Last Revised: 14 Dec 2023
Erasmo Giambona, Anil Kumar and Gordon M. Phillips
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Aarhus University - School of Business and Social Sciences and Dartmouth College - Tuck School of Business
Downloads 336 (166,737)

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Competition, risk management, hedging, financial stability, policy sales (life insurance and annuities), policy prices, market share, market leadership, derivatives superpriority

Hedging and Competition

NBER Working Paper No. w29207
Number of pages: 79 Posted: 06 Sep 2021 Last Revised: 22 Apr 2023
Erasmo Giambona, Anil Kumar and Gordon M. Phillips
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Aarhus University - School of Business and Social Sciences and Dartmouth College - Tuck School of Business
Downloads 15 (1,042,591)

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19.

Quantitative Easing, Investment, and Safe Assets: The Corporate-Bond Lending Channel

Number of pages: 46 Posted: 26 May 2020 Last Revised: 18 Jan 2024
Erasmo Giambona, Rafael Matta, José-Luis Peydró and Ye Wang
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, SKEMA Business School - Université Côte d'Azur, Imperial College London and School of Banking and Finance, University of International Business and Economics
Downloads 302 (188,043)
Citation 5

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Quantitative Easing (QE), Corporate-Bond Lending Channel, Investment, Safe Assets, Financing

20.

Homeowners' Risk Premia: Evidence from Zip Code Housing Returns

Number of pages: 83 Posted: 18 Jan 2019 Last Revised: 05 May 2020
University of Amsterdam - Amsterdam Business School, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Syracuse University - Whitman School of Management and University of Amsterdam - Finance GroupOrtec Finance
Downloads 289 (196,973)
Citation 2

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Expected Housing Returns, Risk Premia, Underdiversification, Market Segmentation

21.

Derivatives Supply and Corporate Hedging: Evidence from the Safe Harbor Reform of 2005

Number of pages: 80 Posted: 01 Nov 2017 Last Revised: 11 Sep 2019
Erasmo Giambona and Ye Wang
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and School of Banking and Finance, University of International Business and Economics
Downloads 248 (229,698)
Citation 1

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supply-side frictions, safe harbor reform, fuel hedging, airlines, firm value, executive compensation

22.

Stakeholder Orientation and Operations Outcomes: Evidence from Constituency Statutes

Number of pages: 32 Posted: 19 Oct 2020 Last Revised: 24 May 2021
Karca Aral, Erasmo Giambona and Luk N. Van Wassenhove
Syracuse University - Department of Supply Chain Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and INSEAD
Downloads 209 (273,884)

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Stakeholder orientation, executive decision space, operational decisions, firm value, staggered difference-in-difference, quasi-natural experiments.

23.

The Role of Managerial Stock Option Programs in Governance: Evidence from REIT Stock Repurchases

Number of pages: 36 Posted: 30 Jul 2007
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - Department of Finance, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies, University of Toledo and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 205 (275,137)

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REIT Repurchases, Governance

24.

Strategic Trading in the Wrong Direction By a Large Institutional Insider

Number of pages: 60 Posted: 14 Jun 2006 Last Revised: 01 Sep 2009
Joseph H. Golec and Erasmo Giambona
University of Connecticut - Department of Finance and Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate
Downloads 171 (323,418)

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Strategic Trading, Manipulation, Institutional Investor, Insider

25.

The External Cost of Prostitution: Evidence from Shutting Down Red Light Districts in the Netherlands

Forthcoming, Real Estate Economics, https://doi.org/10.1111/1540-6229.12404
Number of pages: 38 Posted: 25 Oct 2021 Last Revised: 28 Jul 2022
Erasmo Giambona and Rafael P. Ribas
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and Boise State University - College of Business & Economics
Downloads 154 (353,556)

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Prostitution, Disamenity, Housing Values, Willingness to Pay, Job Creation

26.

Short-Term and Long-Term Discount Rates for Commercial Real Estate

University of Connecticut School of Business Research Paper No. 19-04
Number of pages: 47 Posted: 25 Jan 2019 Last Revised: 22 Feb 2019
Carmelo Giaccotto, Erasmo Giambona and Yanhui Zhao
University of Connecticut - Department of Finance, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 154 (353,556)

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Cost of Capital Term-Structure, Risk Premium, Cost of Capital for REITs, CAPM

27.

Buyer's Bankruptcy Risk, Sourcing Strategy, and Firm Value: Evidence from the Supplier Protection Act

Forthcoming in Management Science
Number of pages: 1 Posted: 28 Feb 2022
Karca Aral, Erasmo Giambona and Ye Wang
Syracuse University - Department of Supply Chain Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and School of Banking and Finance, University of International Business and Economics
Downloads 148 (365,146)
Citation 4

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Sourcing strategy, quasi-natural experiment, buyer’s bankruptcy risk, trade credit, firm value.

28.

Managerial Flexibility, Capacity Investment, and Inventory Levels

Productions and Operations Management, Forthcoming , INSEAD Working Paper No. 2023/56/TOM
Number of pages: 31 Posted: 13 Oct 2023 Last Revised: 18 Oct 2023
Karca Aral, Erasmo Giambona and Luk N. Van Wassenhove
Syracuse University - Department of Supply Chain Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and INSEAD
Downloads 68 (616,912)

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Inventory level, capacity investment, staggered difference in differences, managerial time horizon, quasi-natural experiments.

29.

Real Assets and Capital Structure

NBER Working Paper No. w18147
Number of pages: 51 Posted: 16 Jun 2012 Last Revised: 01 Feb 2023
Murillo Campello and Erasmo Giambona
Cornell University - Samuel Curtis Johnson Graduate School of Management and Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate
Downloads 66 (626,663)
Citation 42

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30.

Board Gender Diversity and Buyer-Supplier Relationships

Number of pages: 61 Posted: 28 Feb 2024
Syracuse University - Department of Supply Chain Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Syracuse University - Whitman School of Management and School of Banking and Finance, University of International Business and Economics
Downloads 53 (696,751)

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Corporate diversity, board gender diversity, supply chain, buyer-supplier relationships, supply risk.

31.

Debt Capacity of Real Estate Collateral

Real Estate Economics, Forthcoming
Posted: 07 Feb 2013
Erasmo Giambona, Joseph H. Golec and Armin Schwienbacher
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - Department of Finance and SKEMA Business School

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land & building, machinery & equipment, leverage, credit constraints

32.

Property Segment and REIT Capital Structure

Journal of Real Estate Finance and Economics, Vol. 43, No. 4, 2011
Posted: 08 Oct 2011
Mine Ertugrul and Erasmo Giambona
University of Connecticut - School of Business and Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate

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Property segment, REIT competition, Capital structure

33.

How Entrenchment, Incentives and Governance Influence REIT Capital Structure

Journal of Real Estate Finance and Economics, Vol. 43, No. 1, 2011
Posted: 01 Apr 2011
University of Connecticut - Department of Finance, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law

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Entrenchment, Managerial Incentives, Corporate Governance, Capital Structure, REIT

34.

The Long-Horizon Performance of REIT Mergers

Journal of Real Estate Finance and Economics, Vol. 38, No. 2, 2009
Posted: 20 Oct 2008
Robert D. Campbell, Erasmo Giambona and C. F. Sirmans
Hofstra University, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law

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real estate investment trusts, REITs, EREITs, mergers, buy-and-hold abnormal returns, BHARs, post-merger performance

35.

The Conditional Performance of REIT Stock Repurchases

Journal of Real Estate Finance and Economics, Vol. 32, No. 2, 2006
Posted: 09 Sep 2005
Joseph H. Golec, Erasmo Giambona and Carmelo Giaccotto
University of Connecticut - Department of Finance, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and University of Connecticut - Department of Finance

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REITs, Conditional Performance, Noisy Rational Expectations, Stock Repurchases