Gianpaolo Parise, PhD

Associate Professor – Speciality: Finance

Phone : +33 (0)4 93 18 99 66 Fax : +33 (0)4 93 83 08 10 E-mail : [email protected]

Gianpaolo Parise is an Associate Professor of Finance at EDHEC since 2018. He worked from 2015 to 2018 as Economist at the Bank for International Settlements (BIS) in Basel, Switzerland. He received his PhD in Finance from the Swiss Finance Institute at the University of Lugano in 2015. He spent 2014 and part of 2015 as a predoctoral fellow at Harvard University. His main research interests are in the areas of Asset Management, Household Finance, and Corporate Finance. His research has been published in top journals in finance including the Journal of Financial Economics and the Review of Financial Studies. Furthermore, his research has been featured in news outlets such as Bloomberg, Reuters, and the Times. Please see http://gianpaoloparise.altervista.org for his updated CV.

EDUCATION

09/10-04/15 PhD in Finance Swiss Finance Institute at the University of Lugano (CH)

01/14-03/15 Predoctoral Research Fellow Harvard University (US)

09/09-06/10 MA in Finance with honors Ca’ Foscari University (Italy)

09/06-10/08 MA in Economics 110/110 cum laude (Italy)

09/03-06/06 BA in Economics 110/110 cum laude Universita’ di Padova (Italy)

PROFESSIONAL EXPERIENCE

07/18- Associate Professor at EDHEC Business School

10/15-06/18 Economist at the Bank for International Settlements (BIS)

Gianpaolo Parise, PhD, Associate Professor, EDHEC Business School

PUBLICATIONS

Published Papers

Trading Out of Sight: An Analysis of Cross-Trading in Mutual Fund Families (with A. Eisele, T. Nefedova, and K. Peijnenburg) Journal of Financial Economics, 2020 Vol 135, Issue 2, Pages 359-378 Main Conferences: FIRS 2016, EFA 2015, AFA 2014 Media Coverage: Bloomberg, Reuters, ETF.com

Noncognitive Abilities and Financial Distress: Evidence from a Representative Household Panel (with K. Peijnenburg) Review of Financial Studies, 2019 Vol 32, Issue 10, Pages 3884- 3919 Main Conferences: Miami Behavioral Finance 2016, EEA Media Coverage: VOX EU

Threat of Entry and Debt Maturity: Evidence from Airlines Journal of Financial Economics 2018 Vol 127, Issue 2, Pages 226-247 WFA - Cubist Systematic Strategies Award for Outstanding Research Main Conferences: WFA 2015, EFA 2015, SFS Finance Cavalcade 2015

Working Papers

Family First? Nepotism and Equity Prices (with F. Leone and C. Sommavilla) Main Conferences: FIRS 2018, EFA 2016, Eurofidai 2016 Media Coverage: The Times, Bloomberg, Columbia Law School Blog

Debt De-risking (with J. Cutura and A. Schrimpf)

Myopic Firms

Work in Progress

Illiquidity rat races (with S. Malamud and A. Schrimpf)

The Real Effects of Debt Transfers (with M. Bottero, S. Lenzu, and F. Mezzanotti)

RESEARCH FIELDS

 Main Fields: Institutional Investors, Asset Management, Corporate Finance  Secondary Field: Household Finance, Corporate Governance

INVITED SEMINARS AND CONFERENCES

2019 Dauphine Hedge Fund Conference, European Finance Association, Paris Dauphine Corporate Governance Workshop, Stockholm School of Economics Workshop on Corporate Governance and Investor Activism, HEC Paris*, Paris Conference on Climate Finance

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Gianpaolo Parise, PhD, Associate Professor, EDHEC Business School

2018 FIRS, INSEAD, HEC Paris, Cambridge, EDHEC (Nice & London), Universitat Pompeu Fabra (UPF), Lund University

2017 Nova Lisbon, EEA (x2), Aalto University*, University of Zurich*

2016 FIRS, Swiss Winter Finance Conference, BIS 5th Research Workshop, European Finance Association (EFA), Miami Behavioral Finance*, Lund University*, Tilburg University*, Erasmus University Rotterdam*

2015 Western Finance Association (WFA), European Finance Association (x2), SFS Finance Cavalcade, Bocconi University, Stockholm School of Economics, University of Lugano (USI), Oxford University Saïd Business School, Cambridge Judge Business School, BIS, Hong Kong University (HKU), Aalto Business School, Cunef Madrid, Frankfurt School of Finance and Management, AFFI Lyon*

2014 American Finance Association (AFA), (x2), Eurofidai Paris

2013 EFMA*, AFFI*

2012 Geneva Conference on Liquidity and Arbitrage Trading, Study Center Gerzensee PhD seminar

*presented by co-author **scheduled

MEDIA COVERAGE

04/06/2020 Bloomberg (terminal only) “Outflows spur reverse tournaments among credit managers” 13/02/2018 Bloomberg “All in the family” 08/02/2018 The Times “Family ties leave business in a real bind” 03/05/2017 VOX EU “Understanding household financial distress: The role of noncognitive abilities” 03/11/2016 Bloomberg “More and More Bond Trading Is Being Done Under the Same Roof” 19/10/2016 Reuters “When dark markets are unfair to mutual fund investors” 21/10/2016 ETF.com “Cross Trading Boosts Mutual Funds Returns” 25/08/2016 Columbia Law School Blog “Family First? How Nepotism Lowers Investment at U.S. Firms” April 2016 Trueeconomics Blog “Rollover Risk, Competitive Pressures and Capital Structure of the Firm”

SERVICE

Referee for the Review of Financial Studies, program committee EFA 2019 and EFA 2020, session chair and discussant at 11th Annual Hedge Fund conference in Paris, discussant at EFA 2015 and Eurofidai 2014 and 2016

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Gianpaolo Parise, PhD, Associate Professor, EDHEC Business School

AWARDS AND GRANTS

2019 Institut Europlace de Finance/Louis Bachelier Grant 2015 WFA Cubist Systematic Strategies PhD Award for Outstanding Research 2014 AFA Travel Grant 2014 Swiss National Science Foundation Research Fellowship 2014 Swiss Finance Institute Research Fellowship 2013 LSE summer school scholarship 2010 Swiss Finance Institute PhD scholarship

TEACHING AND OTHER ACTIVITIES

2018- Main instructor for Corporate Governance and Corporate Finance II

2012-2014 University of Lugano (USI) – Instructor for half of the Capital Markets course Ranked the best graduate course in finance by the students

2009 Clea - CFO assistant

2008 Accenture - Business Analyst

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