Alberto Manconi

Alberto Manconi
Finance Department and CentER
Tilburg University
K920, P.O. Box 90153
5000 LE Tilburg
The Netherlands
http://www.albertomanconi.name
http://www.tilburguniversity.edu/people/amanconi
email: a.manconi « at » tilburguniversity.edu
phone: +31-(0)13-466-2804
fax: +31-(0)13-466-2875
Academic Appointment
Tilburg University, Tilburg, The Netherlands
Assistant Professor of Finance
2010–present
Education
INSEAD, Fontainebleau, France
M.Sc. in Management (Finance concentration) and
Ph.D. in Management (Finance concentration)
2010
Coripe Piemonte, Università di Torino, Italy
M.Sc. (‘Master’), Finance
2005
Università di Pisa, Italy
B.Sc. (‘Laurea’), Economics and Management (2003), and
M.Sc. (‘Laurea specialistica’), Economics
2004
Research Interests
Empirical corporate finance; Institutional investors; Investor attention
Publications
Manconi, A., and M. Massa, 2013, A servant to many masters: competing shareholder preferences and limits to catering, Journal of Financial and Quantitative Analysis 48, 1693–1716
Manconi, A., M. Massa, and A. Yasuda, 2012, The role of institutional investors in propagating the financial crisis of 2007–2008, Journal of Financial Economics 104, 491–518 (early
draft circulated as NBER Working Paper 16191)
Barucci, E., C. Bianchi, and A. Manconi, 2006, Internal dealing regulation and insiders’
trades in the Italian financial market, European Journal of Law and Economics 22, 107–119
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Alberto Manconi
Curriculum Vitae
Updated: November 2014
Working Papers
Learning by doing: The value of experience and the origins of skill for mutual fund managers (joint
with Elisabeth Kempf and Oliver Spalt), Revise & resubmit, Journal of Finance
Bondholder concentration and the cost of debt: Evidence from a natural experiment (joint with
Massimo Massa and Lei Zhang), Revise & resubmit, Review of Finance
Distracted shareholders and corporate actions (joint with Elisabeth Kempf and Oliver Spalt),
Revise & resubmit, Review of Financial Studies
Buybacks around the world (joint with Urs Peyer and Theo Vermaelen), INSEAD Working
Paper 2013/101/FIN
Institutional and corporate governance and cross–border alliances (joint with Andriy Bodnaruk
and Massimo Massa), Revise & resubmit, Journal of International Economics
The informational value of corporate hedging (joint with Massimo Massa and Lei Zhang), Revise & resubmit, Management Science
Dividend signaling and pecking order when “style” is all that matters
Work in Progress
Learning and synergies: Evidence from financial M&As (joint with David Schumacher and
Manxi Luo)
Investor (in)attention, PEAD, and market efficiency (joint with Elisabeth Kempf and Oliver
Spalt)
Short selling and M&As (joint with Peter Cziraki and Massimo Massa)
Subsidiary structure, information, and attention (joint with Massimo Massa)
Conference Presentations and Invited Talks
2008 8th Trans–Atlantic Doctoral Conference
2009 FIRS (Prague) • 9th Trans–Atlantic Doctoral Conference • NBER–Sloan Financial Crisis Project —
NBER Summer Institute* • EFA (Bergen) • Essec Business School • Paris Finance International
Meeting
2010 AFA (Atlanta) • University of Cambridge, Judge Business School • Stockholm School of Economics
• BI Norwegian School of Management • NHH Norwegian School of Economics and Business Administration • Tilburg University • Copenhagen Business School • European Central Bank, Financial Research Division • Universidade Católica de Lisboa • Universidade Nova de Lisboa • ESMT
Berlin • Penn State University, Smeal College of Business • Arizona State University, W.P. Carey
School of Business • 10th Trans–Atlantic Doctoral Conference • FIRS (Florence) • NBER Conference of the Project on Market Institutions and Financial Market Risk* • WFA (Victoria)* • EFA
(Frankfurt) • FMA (New York)* • Matching Stability and Performance Conference • EIF 2010
Meeting
2011 Payout policy: Found. & Trends Conference (Wupperthal) • IE Business School
2012 VU Amsterdam • University of Exeter Business School • 2012 State of Indiana Conference*
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Alberto Manconi
Curriculum Vitae
Updated: November 2014
2013 AFA (San Diego) • TU Delft • 5th Florida State University SunTrust Beach Conference (Destin, FL)
• 1st Int’l OFEL Conference on Corporate Governance* • Collegio Carlo Alberto • FMA Europe
(Luxembourg) • EFMA (Reading) • Advances in Mutual Fund Research (Berlin) • 11th Corporate
Finance Day (Liége)* • FRA (Las Vegas, main program and “Early Ideas”)
2014 Dutch Central Bank • University of Amsterdam Business School • 13th Colloquium on Financial
Markets (Cologne)* • 11th Rothschild Cesarea Center Conference* • 7th Professional Asset Mgmt
Conference (Rotterdam) • FIRS (Quebec City) • CICF (Chengdu)* • NBER Summer Institute* •
CEPR ESSFM Focus Session (Gerzensee) • EFA (Lugano, 2 papers) • Rotterdam Behavioral Finance
Conference* • ESCP Europe [scheduled] • Essec Business School [scheduled] • TAU Finance
Conference (Tel Aviv) [scheduled]
2015 University of Strathclyde [scheduled] • Lancaster University Management School [scheduled] • Università della Svizzera Italiana (SFI) [scheduled]
[*: presentation by co-author]
Service
Refereeing: Review of Financial Studies, Review of Finance, British Accounting Review,
Journal of Corporate Finance
Conference discussions: FIRS 2009 (Prague), 2013 (Dubrovnik) • EFMA 2013
(Reading) • EFA 2013 (Cambridge), 2014 (Lugano) • 3rd Workshop on Executive
Compensation and Corporate Governance 2014 (Rotterdam) • Adv. in Mut. Fund
& Hedge Fund Research (Berlin, 2014)
PhD supervision: Elisabeth Kempf (2016 — exp.), Manxi Luo (2017 — exp.), Haikun
Zhu (2017 — exp.), Zhaneta Tancheva (2017 — exp.), Emanuele Rizzo (2017 —
exp.)
PhD committee: Moazzam Farooq (2011 — State Bank of Pakistan), Peter Cziraki
(2012 — U Toronto Economics Dept.), Narly Dwarkasing (2014 — U Bonn Economics Dept.), Elena Pikulina (2014 — Post–doc at U British Columbia)
Honors, Scholarships, and Fellowships
2014
2013
2012
2010
2009
2008–2010
2006–2008
2005–2006
2004–2005
2000–2006
1998–2000
EBC grant (Eur 2,500, research project with F. Braggion and H. Zhu)
NWO Research Talent Grant (4-year funding for PhD student M. Luo)
Nominated for Best Paper Award, EFMA Annual Meetings
“Excellent teacher” award, Tilburg University
“Excellent teacher” award, Tilburg University
Nominated for the Best Paper Award, FMA Annual Meetings
NBER–Sloan research funding
Institute Europlace de Finance (EIF) grant
INSEAD–Wharton Exchange Student grant
INSEAD fellowship
“Marco Fanno” fellowship
Fondazione IRI fellowship
Coripe Piemonte and Sardinian regional government scholarships
Scuola Superiore Sant’Anna (Pisa, Italy), allievo ordinario, diploma
United World College of the Adriatic (UWCAd)
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Alberto Manconi
Curriculum Vitae
Updated: November 2014
Teaching
Tilburg University, M.Sc. in Finance — Corporate Governance and Restructuring
Fall 2011–present
Tilburg University, B.Sc. in Business Economics — Financial Management
Fall 2013–present
Tilburg University, M.Sc. in Int. Management — International Financial Management
2010–2013
INSEAD, MBA Program — Tutorials for Financial Markets and Valuation
Fall 2007
Unsolicited Press Quotations
Buybacks around the world
· The Wall Street Journal, The Morning Risk Report: Buybacks’ Value Depends on Governance, 12
November 2013
· Harvard Law School Forum on Corp. Governance and Financial Regulation, 4 November 2014
The role of institutional investors in propagating the financial crisis of 2007-2008
· Emirates Business 24|7 How the Crisis Infected the Economy, 16 June 2010
· CFO Intoxicated Investors Slammed Corporate Bonds, 21 July 2010
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