STEFANO ROSSI Krannert School of Management, Purdue University Phone: +1-(765)-494 4416 or +1 (765) 775 6300 403 W. State Street Email: [email protected] West Lafayette, IN 47907, United States Website: https://intra.krannert.purdue.edu/faculty/rossis/Pages/Home.aspx CURRENT POSITION • KRANNERT SCHOOL OF MANAGEMENT, PURDUE UNIVERSITY, Associate Professor of Finance (without tenure), 2012-present. RESEARCH INTERESTS • Law and Finance, Corporate Governance, Bankruptcy, International Finance, Sovereign Borrowing, Financial Crises, Technological Innovations, Asset Pricing and Trading under Market Imperfections. • My Detailed Research Statement can be downloaded HERE. PROFESSIONAL APPOINTMENTS • Research Affiliate, Centre for Economic Policy Research (CEPR), 2009-present. • Research Associate, European Corporate Governance Institute (ECGI), 2009-present. • Associate Editor, European Financial Management, 2007-present. EDUCATION • LONDON BUSINESS SCHOOL, PhD in Finance, 2000-2005. Dissertation: “Developed Stock Markets: Causes and Consequences”. • HARVARD UNIVERSITY, Visiting Fellow, Department of Economics, 2004. • BOCCONI UNIVERSITY, MA in Economics, 1999-2000. • BOCCONI UNIVERSITY, Laurea (BA), 110/110 Summa cum Laude, 1998. HONOURS AND AWARDS • John and Mary Willis Young Faculty Scholar Award, Krannert School of Management, Purdue University, 2013. • Distinguished Teacher Award, MBA Program, Krannert School of Management, Purdue University, 2012-2013 and 2013-2014. • Millstein Center for Corporate Governance and Performance, Yale School of Management, Yale University, Rising Star of Corporate Governance, 2010. • London Business School, PhD Fellowship, 2000-2005. • Bocconi University, MA Fellowship, 1999-2000. • Bocconi University, Gold Medal for the best 1998 graduates. PUBLISHED ARTICLES AND CITATION COUNTS (AS OF SEPTEMBER 2014), WITH HYPERLINKS 1. “Sovereign default, domestic banks, and financial institutions,” with N. Gennaioli and A. Martin, Journal of Finance 69 (2014), 819-866. o Citations Web of Science: 1 Google Scholar: 114 2. “Contractual resolutions of financial distress,” with N. Gennaioli, Review of Financial Studies 26 (2013), 602- 634. o Citations Web of Science: Google Scholar: 19 3. “Judicial discretion in corporate bankruptcy,” with N. Gennaioli, Review of Financial Studies 23 (2010), 4078- 4114. o Citations Web of Science: 3 Google Scholar: 21 4. “Returns to shareholder activism: Evidence from a clinical study of the Hermes U.K. Focus Fund,” with M. Becht, J. Franks and C. Mayer, Review of Financial Studies 22 (2009), 3093-3129. o Citations Web of Science: 46 Google Scholar: 286 5. “Ownership: evolution and regulation,” with J. Franks and C. Mayer, Review of Financial Studies 22 (2009), 4009-4056. This article won: Citations Web of Science: 28 Google Scholar: 276 o st o 1 prize, European Corporate Governance Institute Clinical Paper Competition, Stockholm, 9 December 2004, st o 1 prize, Standard Life Investments for the best ECGI working paper, Milan, 9 March 2005. 6. “Cross-country determinants of mergers and acquisitions,” with P. Volpin, Journal of Financial Economics 74 (2004), 277-304. o Citations Web of Science: 137 Google Scholar: 665 o Reprinted in Claessens, S., and L. Laeven (eds.), 2006, A Reader in International Corporate Finance, The World Bank, Washington, DC. o Reprinted in Eckbo, B.E. (ed.), 2010, Corporate Takeovers: Modern Empirical Developments, Elsevier. 1 BOOK CHAPTERS • “Spending less time with the family: The decline of family ownership in the UK,” with J. Franks and C. Mayer, p.581-607 in Morck, R. K., (ed.), Spring 2005, “A History of Corporate Governance around the World: Family Business Groups to Professional Managers,” NBER and University of Chicago Press. o Citations Web of Science: - Google Scholar: 110 • “The governance motive in cross-border mergers and acquisitions,” with P. Volpin, in Gregoriou, G., and L. Renneboog (eds.), 2007, “International Mergers and Acquisitions Activity since 1990: Quantitative Analysis and Recent Research,” Elsevier. o Citations Web of Science: - Google Scholar: 9 • “Institutions, financial integration and complementarity,” with N. Gennaioli and A. Martin, in Kolb, R. W. (ed.), 2011, “Sovereign Debt: From Safety to Default,” John Wiley and Sons. RESEARCH PAPERS WITH HYPERLINKS • “Banks, government bonds, and default: What do the data say?” with N. Gennaioli and A. Martin, being prepared for resubmission, Journal of Finance. • “Good monitoring, bad monitoring,” with Y. Grinstein, being prepared for resubmission, Review of Finance. • “Does mandatory shareholder voting prevent bad acquisitions?,” with M. Becht and A. Polo. • “Man or machine? Rational trading without information about fundamentals,” with K. Tinn. • “Technological innovations and capital structure”. TOTAL CITATION COUNT AS OF SEPTEMBER 2014 • Web of Science: 215 (# cites of published papers only; made by published papers only) • Google Scholar: 1,520 (# cites of published and unpublished papers; by published and unpublished papers) OTHER PUBLICATIONS • “Exchange ratio determination in a market equilibrium,” with E. Moretto, Managerial Finance, Vol. 34 No. 4 (2008), 262-270. • “Le fusioni in Italia: un’analisi empirica” (tr. “Mergers in Italy: the empirical evidence”), Finanza, Marketing e Produzione, Vol. XVII, No 2, June (part 1) and No 3, September (part 2) 1999. • “Approcci alternativi di determinazione e controllo del rapporto di cambio nelle operazioni di fusione”, Papers and Proceedings, 23rd AMASES Convention 1999, with E. Moretto. DISSEMINATIONS IN FINANCIAL PRESS • “Takeovers that broke family ties,” with J. Franks and C. Mayer, Financial Times 4 February 2003, page 16. MEDIA COVERAGE • “Dabei darf nichts schiefgehen,” Welt Am Sonntag, 8 May 2011, page 34. • “Investor activists ‘deliver returns’,” Financial Times 13 February 2006, page 23. • “Investor activism – Busy bodies,” The Economist 11-17 February 2006, pages 15-16. • “Battling for corporate America,” The Economist 11-17 March 2006, pages 75-77. • “Activists moving intro mainstream,” Financial Times 4 December 2006, page 21. PREVIOUS APPOINTMENTS • Samuel C. Johnson Graduate School of Management, Cornell University, Visiting Assistant Professor of Finance, 2010-2011. • Stockholm School of Economics, Assistant/Associate Professor of Finance, 2005-2010. • London Business School, Centre for Corporate Governance, Visiting Research Associate, 2008-2009. • Also appointments at Imperial College Business School, 2009-2012. TEACHING EXPERIENCE • Purdue University, Krannert School of Management o Mergers, Acquisitions, and Corporate Control (MBA) o Corporate Restructuring and Mergers (Undergraduate) o Corporate Finance Theory (PhD) • Cornell University, Samuel C. Johnson Graduate School of Management o Evaluating Capital Investment Projects (MBA) o Empirical Corporate Finance (PhD) • Imperial College Business School o Corporate Valuation (MSc Risk Management and Financial Engineering) o Empirical Corporate Finance (PhD) o Corporate Finance (MSc Finance; MSc Actuarial Finance) • Stockholm School of Economics o Corporate Finance (MSc Core; Executive Education) • London Business School o Finance I (MBA core), review sessions. o Graduate: PhD seminar in Financial Economics III, guest lecturer. 2 PROFESSIONAL ACTIVITIES • Ad hoc referee o American Economic Review; Quarterly Journal of Economics; Journal of Finance; Journal of Financial Economics; Review of Financial Studies; Journal of the European Economic Association; Journal of International Economics; Review of Corporate Finance Studies; Review of Finance; Journal of Financial Intermediation; Journal of International Money and Finance; Journal of Law and Economic Organization; Journal of Economic Behavior and Organization; Management Science; Journal of Law, Finance, and Accounting; Journal of Financial Services Research; Journal of Empirical Finance; Journal of Banking and Finance; Economics of Transition; Economics Letters; European Economic Review; American Journal of Agricultural Economics; European Financial Management; Economic Journal; Review of Law and Economics. • Doctoral Thesis Committees (External examiner) Saïd Business School, Oxford University; University of Siena; Copenhagen Business School o • Program Committee o Financial Intermediation Research Society o IDC Hertzliya Rothschild Caesarea Center annual conference. European Finance Association. o • Organizing Committee Trans-Atlantic Doctoral Students Conferences at LBS, 2002, 2003, 2005. o • Session Chair, Panel Discussant o Financial Intermediation Research Society meetings, Quebec City, May-June 2014. o Financial Intermediation Research Society meetings, Dubrovnik, May-June 2013. o Workshop on the Politics of Corporate Governance, 29-30 September 2006, Copenhagen Business School. European Financial Management Symposium, 3-5 May 2007, Milan, Bocconi University. o th o Workshop on Sovereign Debt Risk Modelling: Theory and Empirical Evidence, July 6 2011, Rome, Bank of Italy. • Discussant o American Finance Association meetings, Philadelphia 2014, Journal of Law, Finance, and Accounting inaugural conference, NYU Law School, September 2014; CEPR Economics of Global Banking meetings, April 12-13, 2013, NBER Law and Economics Meetings, Cambridge MA, March 2013. Western Finance Association meetings, Las Vegas 2012. American Finance Association meetings, Atlanta 2010. Rothschild Caesarea Centre 7th Annual Academic Conference, May 31-June 1, 2010 IDC Herzliya, Israel. SIFR/Wharton/ISB Emerging Markets Conference