Università degli Studi Guglielmo Marconi

Scheda Docente

Renato Giovannini, Ph.D.

Professore Ordinario
Full Professor of Banking and Finance
Dean of the School of Law
Department of Economics and Management
Università degli Studi Guglielmo Marconi

 

Iscritto all’Ordine dei Dottori Commercialisti di Roma (Albo Speciale)
E’ Revisore Legale dei Conti, iscritto all’albo nazionale, n. 161914
Ph.D, Dottore di Ricerca in Economia Aziendale e Management (Track in Finance), Università Commerciale Luigi Bocconi, Milano
Laurea cum laude in Economica, Università di Roma “La Sapienza”

Esperienza lavorativa:

RETTORE Vicario dell’Università degli Studi Guglielmo Marconi.
ACCADEMIC DIRECTOR, Marconi International University, Miami.
Dal 2017 - Preside della Facoltà di Giurisprudenza dell’Università degli Studi G. Marconi - Professore Ordinario di Economia degli Intermediari Finanziari.
Dal 2015 al 2017 - Visiting Professor of Banking and Finance, STEVENS Institute of Technology – W.J. Howe School of Technology Management, Hoboken, New York.
Dal 2004 - SDA BOCCONI Professor, Adjunct Professor of Banking and Insurance Department.
Dal 1999 al 2010 - Professore di Economia degli Intermediari Finanziari, Università Bocconi.
Dal 2010 - Academic Director del MBA, del Master in Risk Management, Università degli Studi G. Marconi.
E´ stato Docente di Management delle Assicurazioni, Corso di Laurea Magistrale, Dipartimento di Impresa e Management, l’Università LUISS Guido Carli.
E´ stato Professore di Corporate & Investment Banking, Laurea Magistrale, Università LUISS.
Dal 2006 al 2010 - Docente di Corporate & Investment Banking, Master MBA, presso la LUISS Business School

E’ nel Comitato editoriale del JFIA Journal of Finance and Investment Analysis; svolge Attività di referee per riviste e centri di ricerca: JMG Journal Management and Governance, JFIA Journal of Finance and Investment Analysis, Journal Corporate Ownership and Control, JREIF Journal of Research in Economics and Iternational Finance, Rivista Bancaria (Minerva Bancaria), Adeimf; Carefin - Università Bocconi

Aree di interesse e ricerca:

Economia e gestione degli intermediari finanziari: sistema finanziario e creditizio;  analisi dell’operatività creditizia della banca;  relazioni contrattuali banca-impresa, con particolare riferimento alla PMI; analisi del bilancio delle banche; analisi dell’efficienza produttiva delle banche; valutazione della performance delle società di leasing; analisi dell’operatività dei fondi mobiliari ed immobiliari di investimento. L’attività di corporate & Investment banking: aree di business, prodotti e servizi offerti, profili strategici e gestionali.Business Angels, Informal Venture Capital e Start Up Financing. Finanza d’azienda;  Operazioni di finanza straordinaria (M&A, MBO/MBI, Private Equity)

Pubblicazioni:

INTERNATIONAL PUBLICATIONS
PAPERS
1.            “Providing a Frame of Reference for  Empowering Organizations’ Management and Control” Lolli P., Giovannini R., Marsigalia B.,  ,Corporate Ownership and Control (COC) ISSN - 1727-9232, Vol. 15, 2018
2.            “Governance Of Private Label As Strategic Asset: Developing A Brand Valuation Model”, Giovannini R., Sansone M., Marsigalia B., Colamatteo A., Journal of Governance and Regulation (ISSN - 2220-9352 (printed version) ISSN - 2306-6784 (online version)), 2017
3.            “Investment Banking, Certification Effect and M&A deals: an event study”, Bonini S., Capizzi V., Giovannini R., Journal Corporate Ownership and Control, (ISSN) 1727-9232 (Print) 1810-3057 (Online), Volume 14 Issue 2 (Winter 2017 Continued 2), 2017
4.            “Investment Banks and M&A Deals: An Empirical Analysis ", Giovannini R., Capizzi V., 18th EBES Conference – U.A.E, American University of Sharjah (AUS) School of Business Administration in Sharjah, U.A.E. (January,  8th - 10 th, 2016)
5.            “Risks and Opportunities in LBO transactions: new evidence from Europe”, Capizzi V., Giovannini R., Pesic V., World Finance Conference, Ca` Foscari University, Venice, July, 2-4, Italy, 2014 
6.            “The Role of Investment Banking in M&A Operations: Empiric Pre and Post Lehman Evidence”, Journal of International Finance and Banking, (Vol. 2, No 1), (ISSN) 2374-2089, 2014;  “The Role of Investment Banking in M&A Operations: Empiric Pre and Post Lehman Evidence” (reference MC14 – 434), Capizzi V., Giovannini R., Dell’Atti S., 21st Annual Conference of the MFS Multinational Finance Society, Prague, Czech Republic, 2014;
7.              “Risk and Perils in LBO transactions”, Capizzi V., Giovannini R., Pesic V., 23rd (EFMA) European Financial Management Association Conference, (reference 0376), University of Rome Tor Vergata, Faculty of Economics, Rome Italy, June 25-28, 2014
8.            “Voluntary delisting: an alternative value creation process?”, Capizzi V., Giovannini R.;
9.            “Corporate Restructuring, Leveraged Buyout and Voluntary Delisting: a Wisdom of Opportunities for Private Equity Investments”, Giovannini R. (corrisponding autor), Capizzi V., Caselli S., Pesic V., IFABS 2011 International Conference, Valencia, 2012 Spain;
10.          “The Role of Venture Capital and Private Equity for Innovation and Development of SMEs: Evidence from Italian Puzzle", Capizzi V, Giovannini R. (corresponding author), Pesic V.,  Journal of Applied Finance & Banking, (Vol 1, No 3), pag. 189-239, (ISSN) 1792-6580 (Print), 1792-6599 (Online), International Scientific Press, November 30, 2011;
11.          “Does Corporate Governance really matter for firms’ performance? Evidence from Italian IPOs market”, Capizzi V., Giovannini R. (corresponding author), Pesic V., Journal Corporate Ownership and Control, (Vol.9), (ISSN) 1727-9232, (Print) 1810-3057 (Online), 2011;
12.          “Voluntary Delisting: An Alternative Value Creation Process?”, Caselli S., Capizzi V., Giovannini R. (corresponding author), Pesic V., Midwest Finance Association, Conference 2012, USA;
13.          “The Role Of Private Equity For Firms Restructuring: The Going Private Strategy”, Giovannini R. (corresponding author), Capizzi V., Caselli S., Pesic V., IFABS 2011 International Conference, Roma Tre, 2011, Italy;
14.          “In search for the Determinants of Share Repurchases Policies in the Italian Equity Capital Market: an Event Study”, Capizzi V., Giovannini R., Corporate Board Journal, (Vol.7, No.1), (ISSN) 1810-8601, 2011;
15.          “Business Models, Ownership Structure and Corporate Governance in Investment Banking Industry: Theory and Evidences”, Capizzi V., Giovannini R., Chiesi G.M., MEEA - Middle East Economic Association Conference 2011, January 2011, Denver, Colorado, USA;
16.          "Investment banking services: ownership structures, financial advisory and corporate governance models”, Capizzi V., Giovannini R., IJBA International Journal of Business Administration (Vol.1, No.1) (2010), (ISSN) 1923-4007 (Print) (ISSN) 1923-4015 (Online);
17.          “Voluntary delisting: an alternative value creation process?”, Caselli S., Capizzi V., Giovanni R., Pesic V., PFN 2010 Conference, July 2010, Azores, Portugal;
18.          “Determinants and effects of Venture Capital and Private Equity investments on Italian SMEs”, Capizzi V., Giovannini R., Pesic V, MFA – Midwest Finance Association Conference 2010, February 2010, Las Vegas;
19.          The Role of Venture Capital and Private Equity for the Development of SMEs: Evidence from Italian Puzzle”, Capizzi V., Giovanni R., Pesic V., Campus for Finance – Research Conference 2010, January 2010, WHU, Vallendar, Germany;
20.          "Corporate governance, family ownership and performance", Giovannini R., Journal of Management and Governance, (Vol.14, No.2) (May, 2010), pag. , (ISSN) 1385-3457, (Print) 1572-963X, (Online)1385-3457, Springer Verlag, 2010;
21.          “Secondary Buyouts, Private Equity and Firms’ Corporate Governance, Capizzi V., Giovannini R., Pesic V., Journal Corporate Ownership and Control, (Vol 6, No 4), pag. 252-271,,(ISSN) 1727-9232 (Print) 1810-3057 (Online), June 2009;
22.          “Secondary Leveraged Buyouts: financial speculation or a second chance to create value? an empirical study of the Italian market for corporate control”, Capizzi V., Giovannini R., Pesic V, HIC International Conference on Business, (ISSN) 1539-722x, pag 401 – 436, USA, 2009;
23.          “What role do financial institutions play in the growth of family firms? A puzzle from the Italian market”, Caselli S., Giovannini R., Journal Corporate Ownership and Control, (Vol.5, No.4), (ISSN) 1727-9232 (Print) 1810-3057 (Online), 2008;
24.          “What role do financial institutions play in the growth of family firms? A puzzle from the Italian market", Caselli S., Giovannini R., Melbourne Conference, Australia, 2006.

PAPERS PUBLISHED IN BOOKS AND RESEARCHES
1.            “Investment Banking and Certification Effect in M&A Deals: an empirical analysis”, 13th  EBES Conference, (ISBN) 978-605-64002-6-1, Bilgi University, Istanbul, June 2014;
2.            “Corporate Governance and IPOs performance: evidence from the Italian market”, Capizzi V., Giovanni R., Pesic V., EBES 2010, (ISBN) 978–605-61069-0-3,  May 2010;
3.            “Financial Constrains to Italian SME Growth: A Proposed Solution through VC and PE Financing ” Giovannini R., Pesic V., Capizzi V., in “New Issues in Financial and Credit Markets” editors F. Fiordelisi, P. Molyneux, D. Previati, pag. 133-143, (ISBN) 978-0-230-27544-7, Palgrave Macmillan, Studies in Banking and Financial Institutions, 2010;
4.            “A Broad Vision of Investment Processes in Venture Capital” in “Venture Capital. A Euro-System Approach”, Caselli S., Gatti S. (editors), pag. 27-52, (ISBN) 3-540-40234-9, Springer Verlag, 2004;
5.            “An overall vision of the managerial process of the ventures capitalist” in “Venture capital in the euro system: market structure, strategies and management.” Newfin – Research, Università Commerciale Luigi Bocconi, Milan, 2002.

INTERNATIONAL CONFERENCES
PAPERS
1.            18th EBES Conference – U.A.E, American University of Sharjah (AUS) School of Business Administration in Sharjah, U.A.E. (January,  8th - 10 th, 2016), “Investment Banks and M&A Deals: An Empirical Analysis "
2.            MFS, 21st Annual Conference of the Multinational Finance Society, Prague, Czech Republic, 2014, 2014, June 29 - July 2 (reference MC14 – 434), “The Role of Investment Banking in M&A Operations: Empiric Pre and Post Lehman Evidence”
3.            EBES, 13th Eurasia Business and Economics Society Conference, Istanbul Bilgi University, June 05-07, 2014 “Investment Banking and Certification Effect  in M&A Deals: an empirical analysis”
4.            EFMA, 23rd European Financial Management Association Conference, Rome, 2014, University of Rome Tor Vergata, Faculty of Economics, June 25-28, “Risk and Perils in LBO transactions”, (reference 0376)
5.            Italian Academy of Management (AIDEA 2013), Lecce, “Il ruolo dell Invetsment Banking nelle operazioni di M&A: evidenze empiriche pre e post Lehman”
6.            IFABS 2012 International Conference, Valencia, 2012, Spain, “Corporate Restructuring, Leveraged Buyout and Voluntary Delisting: a Wisdom of Opportunities for Private Equity Investments”;
7.            MFA – Midwest Finance Association Conference 2012, USA, “Voluntary Delisting: An Alternative Value Creation Process?”;
8.            SICF (5Th)- Singapore International Conference on Finance, July 2011, USA, “Determinants and effects of Venture Capital and Private Equity investments on Italian SMEs”;
9.            IFABS 2011 International Conference, Roma Tre, 2011, Italy, “The Role Of Private Equity For Firms Restructuring: The Going Private Strategy”;
10.          MEEA - Middle East Economic Association Conference, Jennary 2011, Denver, Colorado, USA: “Business Models, Ownership Structure and Corporate Governance in Investment Banking Industry: Theory and Evidences”;
11.          Workshop on Banking and Financial Intermediation (IInd): SMEs, Growth and Banking, Campus of the University of Bologna, September 2010, Rimini: “Determinants and effects of Venture Capital and Private Equity investments on Italian SMEs”;
12.          Portuguese Finance Networ Conference 2010, July 2010, Azores, Portugal: “Voluntary delisting: an alternative value creation process?”;
13.          EBES - Eurasia Business and Economics Society, June 2010, May 2010, Istanbul, Turkey: “Corporate Governance and IPOs performance: evidence from the Italian market”;
14.          MFA – Midwest Finance Association Conference 2010, February 2010, Las Vegas:  “Determinants and effects of Venture Capital and Private Equity investments on Italian SMEs”;
15.          Campus for Finance – Research Conference 2010, January 2010, WHU, Vallendar, Germany:  “The Role of Venture Capital and Private Equity for the Development of SMEs: Evidence from Italian Puzzle”, Capizzi V., Giovanni R., Pesic V;
16.          Wolpertinger (European Association of University Teachers of Banking and Finance) Conference Roma Tre, September 2009: “Determinants and effects of Venture Capital and Private Equity investments on Italian SMEs”;
17.          HIC International Conference on Business, USA, June 2009: “Secondary Leveraged Buyouts: financial speculation or a second chance to create value? an empirical study of the italian market for corporate control”;
18.          Melbourne Conference, Australia, 2006 : “What role do financial institutions play in the growth of family firms? A puzzle from the Italian market", Caselli S., Giovannini R.

DOMESTIC PUBLICATIONS
PAPERS

1.            “La distribuzione dei prodotti assicurativi”, R. Giovannini, MS Angelini, F. Santoboni, in “Manuale di gestione Assicurativa”, Wolkers Kluver Cedam, pag. 599-6  35, (ISBN) 978-88-13-36643-8, 2018
2.            “Il ruolo dell’Investment Banking nelle operazioni di M&A: evidenze empiriche pre e post Lehman”, Capizzi V., Giovannini R., Forum, Bancaria Editrice, PAG. 18 – 44, (VOL.6) , (ISSN) 0005-46-23, Forum, Bancaria Editrice, 2015.
3.            “Il contributo del private equity per la ristrutturazione delle imprese: evidenze dalle operazioni di delisting”, Caselli S., Capizzi V., Giovannini R., Pesic V., (Vol.12), (ISSN) 0005-46-23, Forum, Bancaria Editrice, 2012
4.            “Aziende quotate e buyback azionari: politiche di remunerazione degli azionisti o meccanismi di segnalazione? Un’analisi empirica sul mercato azionario italiano”, Giovannini R., Capizzi V., in “Banche, Mercati e Risparmio in Saggi in onore di Tancredi Bianchi”, (Vol.3), pag. 53 – 87 (ISBN) 978-88-449-0430-2, Bancaria Editrice, 2009.
5.            “Gli intermediari finanziari, il capitale di rischio e la gestione dell’early stage financing”, in Bancaria, (No.6), (ISSN) 0005-46-23, Rome, 2003.
6.            “Perfezionamento dei mercati mobiliari e sviluppo qualitativo dell’intermediazione finanziaria nel lungo periodo”, in Banche e Banchieri, (No.5), (ISSN) 0390-1378, Milan, 2002.

DOMESTIC PUBLICATIONS
BOOKS
1.            I Business Angels e l’Informal Venture capital in Italia, Capizzi V, Giovannini R. (a cura di), Banca in “Collana Banca e Mercati”, in “Collana Banca e Mercati”, (No.106), (ISBN) 978-88-449-0810-2, Bancaria Editrice, Rome, 2010.
2.            “La gestione del venture capital e dell’early stage financing” in “Collana Banca e Mercati” , (No.46), (ISBN) 88-449-0602-3, Bancaria Editrice, Rome, 2004.
3.            “Finanza e Gestione nel Venture Capital”, Edizioni KAPPA, Rome, January 2003.
4.            “Processi di investimento e approcci gestionali nel venture capital: il finanziamento degli Start-up in Italia”, PhD thesis, Università Commerciale Luigi Bocconi, Milan, Italy, 2002

DOMESTIC PUBLICATIONS
PAPERS PUBLISHED IN BOOKS AND RESEARCHES
1.            “Il turnaround plan nell’ambito delle procedure in continuità: il piano industriale e la manovra fnanziaria”, pag. 107-168, Giovannini R., Cafaro A., Cassi F., in “Crisi d´impresa e ristrutturazione del debito: procedure, attori, best practices”,  Capizzi V. (editor), (ISBN/EAN): 978 882 383 4521, EGEA, 2014.
2.            “Case Study: Concordato preventivo post riforma della Legge Fallimentare”, Giovannini R., pag. 411-432, in “Crisi d´impresa e ristrutturazione del debito: procedure, attori, best practices”, Capizzi V. (editor), (ISBN/EAN): 978 882 383 4521, EGEA, 2014.
3.            “La competitività delle banche italiane dell’Europa degli Undici“ in “La creazione di valore nelle banche dell’unione monetaria europea”, Schwizer P., Gatti S. (editors), Euroview, (No.2), Newfin Research (Carefin), Università Commerciale Luigi Bocconi, Milan, 2001.
4.            “I differenziali competitivi all’interno del gruppo strategico” in “Un’analisi comparata delle performance del gruppo strategico delle big banks nell’Europa degli undici”, Schwizer P., Gatti S. (editors), Euroview, (No.1), Newfin Research (Carefin), Università Commerciale Luigi Bocconi,  Milan, 2000.
5.            “L’offerta di credito all’edilizia residenziale”, in “Il finanziamento dell’edilizia residenziale”, Bottiglia R., Giovannini R. (editors), Newfin Research, Università Commerciale Luigi Bocconi, Milan, 1999.

DOMESTIC PUBLICATIONS
WORKING PAPER
1.            “Volantary Voluntary Delisting? A Valid Option for Firms Restructuring”, Giovannini R. (corrisponding autor), Capizzi V., Caselli S., Pesic V, http://ssrn.com/abstract=1928851, 2012
2.            “Family Ownership, Corporate Governance And Performance Of Italian Firms”, working paper,  Dipartimento di Scienze Economiche e d Aziendali, Università Guglielmo Marconi, 2009
3.            “Secondary Buyouts: Speculative Transactions or Value Increase Opportunities? Evidence From Italian Puzzle”, working paper, Dipartimento di Scienze Economiche e d Aziendali, Università Guglielmo Marconi, 2009
4.            “Private Equity Rule in Firms’ Acquisition”, working paper, Dipartimento di Scienze Economiche e d Aziendali, Università Guglielmo Marconi, 2009