Elena Carletti Wins a Best Paper Award
PEOPLE |

Elena Carletti Wins a Best Paper Award

AT THE 2020 BOCA CORPORATE FINANCE AND GOVERNANCE CONFERENCE WITH A STUDY ON THE DIFFERENT REACTION TO CRISES OF PRIVATE AND PUBLIC FIRMS

A paper co-authored by Elena Carletti won the Best Paper Award at the 2020 Boca Corporate Finance and Governance Conference, hosted in Boca Raton by the College of Business, Florida Atlantic University, sponsored by the British Academy of Management and supported by the Institute for Humane Studies.
 
In their “Public Versus Private Firms: How Different Are They During Crises?”, Elena Carletti, Yaniv Grinstein (IDC Herzliya), and Patricio Valenzuela (University of Chile) draw from past crises a lesson that could be used in the aftermath of the current COVID crisis.
 
Using a novel dataset covering more than 140,000 firms in the UK, they find significant differences in the behavior of public and matched-private firms during the 2008 and 2009 crisis. Compared to public firms, private firms decreased more sales, employment, wages, and production costs. Also, private firms saw a milder increase in leverage and a milder decrease in cash holdings relative to public firms. The authors explore channels for these differences.

by Fabio Todesco

News

All News
  • Emotions Power Public Administration

    Research by Turrini, Cristofoli, and Valotti finds a shared feature in the realization of COVID hospitals in Milan, New York, and Wuhan  

  • Fiscal Expansion: Spend as if You Have to Pay It Back

    Bocconi students on the seminars organized by IGIER. In the latest article of the series, Sviatoslav Tiupin reports on the work of Olivier Blanchard and John Cochrane  

Seminars

  January 2021  
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Seminars      

All Seminars
  • The Department of Finance will be interviewing and holding seminars with selected candidates on the following dates:   January 12th January 14th January 15th January 18th January 22nd January 25th January 27th February 1st February 3rd   Selected candidates will be contacted individually via e-mail. If you would like to follow the candidate's seminar you can contact the department administration office at dip.fin@unibocconi.it

  • Flexible Wages, Bargaining, and the Gender Gap

    Barbara Biasi (Yale)

    Webinar