Masoumeh Ardakani, ESG Performance and Earnings Smoothness, Advisor: Prof. Vincenzo Farina

Fatemehsadat Agahikolour, Hedging Climate Change News: From Theory to Empirical Application, Advisor: Prof. Alessandro Ramponi

Adib Amini, Bayesian Machine\Deep Learning and CVaR-Based Portfolio Optimization: Evidence from SEP 500 Equities, Advisor: Prof. Ugo Pomante

Luca Aurisicchio, From Econometrics to Deep Learning: A Comparative Study of HAR, LSTM, and Temporal Fusion Transformers for Volatility Forecasting, Advisor: Prof. Tommaso Proietti

Guido Birilli, Earnout Contracts and Valuation Asymmetries under Uncertainty: Evidence from European Mergers and Acquisitions, Advisor: Prof Vincenzo farina

Francesco Corfiati, Gender Income Gap and Household Financial Participation: Evidence from Italy, Advisor: Prof. Maura Mezzetti

Luca D'Antonio, Nonlinear Pricing via Backward Stochastic Differential Equations: An Application to Valuation Adjustments, Advisor: Prof. Katia Colaneri

Giorgia D'Orazio, Regularization Techniques for Inverse Covariance Estimation in High-Dimensional Portfolio Selection: A Comparative Study,Advisor: Prof. Tommaso Proietti

Sheida Farahbakht, Markowitz Portfolio Optimization under Transaction Costs: An Empirical Analysis, Advisor: Prof. Stefano Herzel

Alessio Feliziani, Shrinkage Estimation of Large-Dimensional Covariance Matrices for Portfolio Selection, Advisor: Prof. Tommaso Proietti

Angel Francioso, Drift Bursts in High-frequency Data: Reliability of the Drift Burst Statistic Under Simulated Departures from its Theoretical Assumptions, Advisor: Prof. Davide Erminio Pirino

Chiara Gamboni, How Renewable Penetration Shapes Electricity Price Volatility: Implications for Hedging Strategies in European Power Markets, Advisor: Prof. Gianni Nicolini

Raushan Kalaubayeva, Integrating ESG Factors in Investment Strategies: A Comparative Study of the European Union and Kazakhstan, Advisor: Prof. Ugo Pomante

Maier Ahmed Khan, Implementation Of Derivatives In Pakistan Through The Financial Information Exchange Protocol, Advisor: Prof. Gianni Nicolini

Luca Laureti, U.S. Presidential Elections and the Options Market: Evidence on Volatility and Market Sentiment, Advisor: Prof. Gianni Nicolini

Domenico Latini, Forecast Evaluation for Jointly Elicitable Risk Measures: A Score-Based Approach to Model Selection, Advisor: Prof. Tommaso Proietti

Francesco Latini, The Impact of ECB Policy Expectations on the Euro Term Structure, Advisor: Prof. Stefano Herzel

Benedetta Marchettini, Sustainable Portfolio Optimization Under Stochastic Carbon Intensity, Advisor: Prof. Katia Colaneri

Valeria Marcobelli, Temporal Hierarchical Forecast Reconciliation of Energy Prices: An Application to the Italian Day-Ahead Market, Avisor: Prof. Tommaso Proietti

Chiara Marcotullio, Least Squares Monte Carlo Pricing of Life Insurance Contracts, Advisor: Prof. Katia Colaneri

Locman Merheb, Post-Crisis Banking Regulation and Its Impact on Repo Market Participation and Financial Liquidity, Advisor: Prof. Stefano Herzel

Nozanin Nurullaeva, Option Pricing and Parameter Estimation Under the SABR Model, Advisor: Prof. Katia Colaneri

Fabiola Ordinola Sarmiento, Forecasting Financial Returns: A Comparison of Econometric and Supervised Learning Methods, Advisor: Prof. Gianluca Cubadda

Anna Perrone, Commercial and Cooperative Banks in the Eurozone: Profitability and Resilience over the Last Decade, Advisor: Prof. Stefano Caiazza

Bisera Peshlikoska, Social Media Attention and Abnormal Trading Volume: Evidence from Meme and Non-Meme Stocks, Advisor: Vincenzo Farina

Jaber Riahi, ESG Performance and Cost of Equity Capital, Advisor: Prof. Vincenzo Farina

Romeo Ceasar Leon Sackelius, Investigating the Relationship Between Google Trends and Stock Returns: Empirical Evidence from Large Cap Firms on Nasdaq Stockholm, Advisor: Prof. vincenzo Farina

Cristina Scuderi, Credit Valuation Adjustment for Commodity under Wrong-Way Risk, Advisor: Prof. Katia Colaneri

Amirhossein Soleimanian, Comparative Study of Black-Scholes Model and a Deep Learning Approach in Option Pricing, Advisor: Prof. Gianni Nicolini

Ivan Stati, The Leave-One-Out Least Squares Monte Carlo Method: Overcoming Look-Ahead Bias in Option Pricing, Advisor: Prof. Katia Colaneri

Danial Vadi, The Role of Opportunity Assets in Multi-Asset Funds, Advisor: Prof. Ugo Pomante

Matteo Maria Pio Aloisi, A Stochastic Intensity Model for Catastrophe Bonds with Self-exciting Jumps, Advisor: Prof. Katia Colaneri

Avinash Ambakanti, Conflicting ESG Ratings, Diverging Financial Impacts: A Dual Provider Assessment, Advisor: Prof. Vincenzo Farina

Francesco Ansanelli, Sentiment Analysis for Cryptocurrencies Returns, Advisor: Prof. Alessio Farcomeni

Shaghayegh Asady, Investor Attention and IPO Performance: Evidence from Google Trends, Advisor: Prof. Vincenzo Farina

Valerio Astorre, From Realized Moments to Structural Parameters: Neural Calibration of a High Frequency Price Formation Model, Advisor: Prof. Davide Erminio Pirino

Roberta Avola, Surveying Sustainable Financial Instruments: Statistical E Machine Learning Analysis of Green Bonds and the Twin-Bond Case Study, Advisor: Prof. Alessandro Ramponi

Alessio Battilocchi, Option Hedging with Statistical Learning Methods, Advisor: Prof. Alessandro Ramponi

Alessia Belcastro, Do Abnormal Retail Investor Attention and Media Sentiment Drive IPO Mispricing? Evidence from the Italian Market, Advisor: Prof. Vicenzo Farina

Damiano Belmonte, Applied Low-resource Deployment of Large Language Models for Financial Applications, Advisor: Prof. Vincenzo Farina

Riccardo Bentivogli, Structural Changes and Risk Premia in European Money Market Spreads, Advisor: Prof. Stefano Herzel

Lorenzo Brontesi, Self-Exciting Default Intensities: Pricing Under Complete and Partial Information, Advisor: Prof. Katia Colaneri

Andrea D'Aleessio, The True Nature of Volatility, Advisor: Prof. Katia Colaneri

Valerio D'Angeli, Estimation of Integrated Volatility: A Comparison Between the Pre-Averaging Approach and the Neural Network Estimator, Advisor: Prof. Davide Erminio Pirino

Ivan D'Urso, Ensemble Forecasting of Time Series via Multiresolution Wavelet Decomposition, Advisor: Prof. Davide Erminio Pirino

Giuseppe De Santis, Contagion and Recovery in Defaultable Zero-Coupon Bond Pricing: An Analysis Based on the Dynamic Contagion Process with Diffusion Model, Advisor: Prof. Katia Colaneri

Annalisa Gagliardini, ESG Compatibility and MEA Success: Evidence from EU and US Banks, Advisor: Prof. Maura Mezzetti

Ramiz Ganbarli, Income Inequality in Germany, Advisor: Prof. Alessio Farcomeni

Geanina Adelina Stefania Hosszu, ESG Ratings and Firm Performance in the Nordics: The Role of Board Gender Diversity in Driving Sustainable Outcomes, Advisor: Prof. Ugo Pomante

Omar Ibrahim Vargas, Deep Reinforcement Learning for Enhanced Index Tracking: A Dynamic Multi Agent Approach, Advisor: Prof. Alessio Farcomeni

Daniil Kislinskiy, Zero Days to Expiration Options on Bitcoin: an Empirical Analysis, Advisor: Prof. Stefano Herzel

Aleksei Komarov, Foreign Exchange Rate Risks and International Equity ETFs: Performance Comparison of Hedged and Unhedged Funds, Advisor: Prof. Alessandro Ramponi

Edoardo Litterio, Alternative Variables for Modeling Stock Performance in Agribusiness: Weather Risk and Weather Derivatives, Advisor: Prof. Gianni Nicolini

Lorenzo Mastrofini, Application of AI to Portfolio Construction, Advisor: Prof. Ugo Pomante

Cynthis Messore, Daily Returns Predictability: A Replication, Reconcilation and Extension of the Pockets Debate, Advisor: Prof. Tommaso Proietti

Nicolo' Michiorri, Sustainable Investments and Fund Performance: Testing Curvilinear Relationship in European Open-ended Mutual Funds, Advisor: Prof. Rocco Ciciretti

Riccardo Gabriele Mihalescu, Generative AI in Equity Markets: Evaluating GPT's Financial Decision-Making, Advisor: Prof. Vincenzo Farina

Alessandro Natalizia, A Factor-Based Analysis of ESG Premium in Recent Developed Markets, Advisor: Prof. Rocco Ciciretti

David Alessandrro Pappaianni, Trading Cards as Alternative Assets, Advisor: Prof. Ugo Pomante

Sara Pratesi, The Influence of Graphs on Decision-Making Processes: A Focus on Financial Decision, Advisor: Prof. Ugo Pomante

Stefano Proietti, Managing the Current Dynamic Interest Rate Landscape: A Comparative Analysis of SAA and TAA Adjustments by Major Asset Managers, Advisor: Prof. Ugo Pomante

Marco Romano, Empirical analysis of Hierarchical Risk Parity, Advisor: Prof. Ugo Pomante

Tiziano Sancamillo, Stochastic Mortality Modeling and Pricing of Life Insurance Products: Term Insurance and Pure Endowment, Advisor: Prof. Katia Colaneri

Alessandro Siniscalchi, Algorithmic Trading Using High Frequency Data, Advisor: Prof. Katia Colaneri

Luigi Barbieri, Comparative Performance Analysis of Sustainable and Conventional Funds, Advisor: Prof. Rocco Ciciretti

Riccardo Battistelli, Drawdown Analysis, Advisor: Prof. Tommaso Proietti

Riccardo Cammarata, Bitcoin Impact on the World's Economic Landscape, Advisor: Prof. Nicoletta Ciocca

Aleksander Campus, Credit Losses in Peer-to-Peer Lending: A quantile Regression Approach, Advisor: Prof. Alessio Farcomeni

Carlo Cascini, State-Space Model for Pairs Trading: Kalman Filter Approach, Advisor: Prof. Tommaso Proietti

Matteo Colavita, Optimizing Italian Home-Biased Portfolios: A Black-Litterman Perspective on Italian Investor's Preference, Advisor: Prof. Ugo Pomante

Anna Cursi, IPO and Covid-19 Pandemic: The Influence on the Underpricing Phenomenon in the Italian Market, Advisor: Prof. Vincenzo Farina

Giorgia D'Alessandro, The Impact Of Globalisation On Portfolio Diversification, Advisor, Prof. Ugo Pomante

Aurora D'Elia, Optimal Consumption, Investment and Life Insurance: Sensitivity Analysis and Model Misspecification, Advisor: Prof. Katia Colaneri

Nicolas De Matteo, The Impact of AI on Firms: An Event Study on Abnormal Returns Following AI Investment Announcements, Advisor: Prof. Vincenzo Farina

Andrea Di Guida, Covariance Matrix Estimatio: A Comparative Analysis, Advisor: Prof. Tommaso Proietti

Ulderico Di Tullio, Using A Penalized Forecast-Combination And Weighted-Quantile Approach To Forecast Risk Measures, Advisor: Prof. Tommaso Proietti

Fabiola Esposito, Forecasting Electricity Prices for the Italian Market : A Comparison of Statistical Methods and Machine Learning Algorithms, Advisor: Prof. Tommaso Proietti

Jacopo Failoni, A New Benchmark Interest Rate: From LIBOR to SOFR, Advisor: Prof. Stefano Herzel

Lorenzo Gallina, Multiple Yield-Curve Construction Using Quantlib, Advisor: Prof. Stefano Herzel

Cristiana Dana Ghidic, Revolutionizing Finance Through Artificial Intelligence: A Catalyst for Unprecedented Change in Asset Management, Advisor: Prof. Ugo Pomante

Dan Joan Ilau, Portfolio Construction in an Increasingly ESG-Aware World, Advisor: Prof. ugo Pomante

Sadaf Khaghani, Analysis of Sharpe Ratio via Residual-Based Nodewise Regression Approach, Advisor: Prof. Tommaso Proietti

Andrea Lupascu, Assessing the Effects of ESG Scores on M&A Transactions: An Event Study Approach, Advisor: Prof. Rocco Ciciretti

Niyamaddin Mammadov, Cognitive Biases in Mbs Risk Perception: Insights From the 2008 Crisis Through the Lens of Behavioral Finance, Advisor: Prof. Stefano Herzel

Alessandro Cosimo Manca, Interest Rate Risk Management, Advisor: Prof. Stefano Herzel

Leonardo Marsano, Bond Portfolio Strategies: A Comparative Analysis of iShares iBonds, Traditional Bond ETFs and Individual Bonds Using the Black-Litterman Model, Advisor: Prof. Ugo Pomante

Francesco Paolo Matera, Liquidity Premia in the European Sovereign Bond Market, Advisor: Prof. Stefano Herzel

Francesca Paesano, New Regulatory Frontiers and Legal Challenges of the Kill Function and Scenario Analysis in High-Frequency Trading, Advisor: Prof. Nicoletta Ciocca

Valeria Palombi, Realized Volatility Modeling with Time-Varying Dependencies, Advisor: Prof. Alessandro Casini

Francesca Passeri, Performance Comparison Between Sfdr Article 9 and Article 6 Funds, Advisor: Prof. Rocco Ciciretti

Sara Patrizi, ESG Rating and Regulation: EU vs US Fund Performance, Advisor: Prof. Rocco Ciciretti

Leonardo Pavone, Empirical Analysis of M&A Transactions: Evidence from the European Market, Advisor: Prof. Ugo Pomante

Vincenzo Perrone, Endogenous Sampling in Financial Econometrics, Advisor: Prof. Davide Pirino

Francesca Rossetti, The Impact Of ESG Engagement On Downside Risk: Evidence From Norges Bank Investment Management's Portfolio Companies, Advisor: Prof. Ugo Pomante

Davide Ruggeri, Does Corporate Social Responsibility Influence the Mean of Payment in M&A? Empirical Evidence from Asia Pacific, Advisor: Prof. Stefano Caiazza

Faezeh Safari Kooshali, Comparative Analysis of Green Bond Performance: Insights Into Conventional Bonds and Equity Markets, Advisor: Prof. Alessandro Ramponi

Lorenzo Saieva, Infrastructure-A Cushion Against Volatility, Advisor: Prof. Ugo Pomante

Giulia Tagliafierro, Emerging Markets Opportunities in an ESG Funds Framework, Advisor: Prof. Rocco Ciciretti

Alexander Toernqvist, Generative Adversarial Networks: A Novel Approach to Predictive Modelling in Finance, Advisor: Prof. Alessandro Ramponi

Carlo Emanuele Autiero, Robust Portfolio Optimisation Under Sparse Contamination, Advisor: Prof. Alessio Farcomeni

Vladyslava Bab'yak, Caviar and Cross-Sectional Quantile Regression Models to Assess Risk in SEP500 Sectors, Advisor: Prof. Tommaso Proietti

Francesco Bianchi, An Analysis of Small Businesses Loan Dynamics Using Inverse Probability Weighting, Advisor: Prof. Alesso Farcomeni

Chiara Cammeo, Arms Trade Network Analysis on R, Advisor: Prof. Alessio Farcomeni

Karin Carlsson, Covered Call on An Index - A Comparative Study of Two Strategies, Advisor: Prof. Shmuel Baruch

Laura Colozzi, The Put-Call Parity Mispricing: An Event Study, Advisor: Prof. Shmuel Baruch

Matteo Cosentino, Retail Investors Against Wall Street: The Role of Reddit in the Gamesstop Short Squeeze, Advisor: Prof. Alessio Farcomeni

Maddalena De Vivo, Factor Mimicking Portfolio and ESG Factor, Advisor: Prof. Alessandro Ramponi

Leonardo Di Filippo, Rough Heston Model: Montecarlo Simulation of the Volatility Surface Dynamics, Advisor: Prof. Alessandro Ramponi

Bruno Di Jeso, Fractional Shares and the Split Minimum, Advisor: Prof. Shmuel Baruch

Sabina Di Maro, Network Analysis and Vulnerability Indexes in Socially Responsible Investments, Advisor: Prof. Rocco Ciciretti

Claudia Esposito, Experimental Analysis of Emotional Engagement in Thematic Fund Advertisements: A Neuroeconomic Perspective, Advisor: Prof. Ugo Pomante

Lucia Formisano, What Role Has the Festival Sector in the Global Economy, What Meaning Has in Our Personal Lives an In-depth Analysis: Elrow and Cinema Festival, Advisor: Prof. Maura Mezzetti

Federica Fubelli, Financial Attitudes of Italian Households and Their Determinants, Advisor: Prof. Maura Mezzetti

Simone Genna, Climate-related Risk and Ngfs Scenarios: A Financial Perspective on CO2 Emissions Correlations, Advisor: Prof. Maura Mezzetti

Leonid Grebinka, The Role and Performance of Accelerators in the Munich Startup Ecosystem, Advisor: Prof. Vincenzo Farina

Simone Grugni, Using Asset Prices to Predict Bank Defaults: A Quantitative Approach, Advisor: Prof. Shmuel Baruch

Ludvig HillenFjärd, Enhancing Forex Trading Strategies: An Investigation into the Integration of Technical Analysis and Portfolio Management, Advisor: Prof. Ugo Pomante

Riccardo Mancini, An In-Depth Analysis of One-Factor Affine Term Structure Models: Cross-Sectional and Time Series Calibration of Vasicek and CIR Models, Advisor: Prof.Stefano Herzel

Angelo Mangieri, Sovereign Bond Yields: Climate Risk Impact, Advisor: Prof. Rocco Ciciretti

Fabio Marchese, The Impact of the Covid-19 Vaccine Announcement on Pfizer's Stock Price: A Single Firm Single Event Study, Advisor: Prof. Shmuel Baruch

Lorenzo Marcolini, Investment Strategies for Young Adults: Building a Dynamic Asset Allocation Model Using Genetic Algorithms, Advisor: Prof. Ugo Pomante

Mattia Marletta, Merton's Portfolio Problem: Does Portfolio Rebalancing Really Affect Investor's Utility?, Advisor: Prof. Shmuel Baruch

Noemi Pandolfi, The Relationship Between Spot and Futures Prices of the EU Ets Market Focusing On Volatility Spillover and Dynamic Correlation, Advisor: Prof. Gianni Nicolini

Andrea Pasquali, Exploring the Relationship Between ESG Disagreement and Stock Returns. An Empirical Analysis, Advisor: Prof. Rocco Ciciretti

Anastasiia Polynskaia, ESG Scores and Acquisition Premia, Advisor: Prof. Shmuel Baruch

Giulia Proietti, Thematic Investments: Challenges and Perspectives for Asset Management, Advisor: Prof. Ugo Pomante

Tommaso Roncacci, From the London Interbank Offered Rate to Risk-Free Rates: An Overview of LIBOR Success, Scandals, and Replacement Inside the Derivatives and Loan Markets, Advisor: Prof. Stefano Herzel

Alessandra Rusu, Financial Drawdown and CO2 Emissions in Sustainable Investments, Advisor: Prof. Rocco Ciciretti

Alina Mihaela Sandu, Econometric Investigation of Volatility Clustering and Asymmetry Effects on the Italian Stock Market, Advisor: Prof. Shmuel Baruch

Lucia Sansone, An Empirical Study of the Weekend Effect in Stock Markets, Advisor: Prof. Lucia Sansone

Sara Scollo, Gender Inequality in the Italian Academia, Advisor: Prof. Maura Mezzetti

Allesandra Tallarico, The Effect of Uncertainty on Firms Investments in Green Technology, Advisor: Prof.Katia Colaneri

Chiara Tenerini, Optimal Portfolio Design for European Regulatory Compliance: Exploring Genetic Algorithms Techniques, Advisor: Prof. Ugo Pomante

Francesco Torlai, Legislative Impacts and Quantitative Insights: Investigating EU ESG Benchmarks for Sustainable Investing, Advisor: Prof. Maura Mezzetti

Cristiano Vasallucci, An Empirical Analyses of the Nordic Banking Sector, Advisor: Prof. Stefano Caiazza

Khaled Youssef, An Empirical Analysis of the Put/Call Ratio Sentiment Indicator, Advisor: Prof. Shmuel Baruch

Valerio Zarrelli, Modelling Rough Volatility: The Rough Heston Model, Advisor: Prof. Alessandro Ramponi

Mehran Akbari, Performance assessment of dimension reduction techniques in market prediction in cross section of present values, Advisor: Prof. Gianluca Cubadda

Massimo Ziad Ammar, A Look into Variance Ratio: Are All Markets Becoming More Efficient with Time?, Advisor: Prof. Tommaso Proietti

Emanuel Andrei, Swap spread arbitrage strategy: a new approach using the Secured Overnight Financing Rate, Advisor: Stefano Herzel

Roberto Bauer, Machine Learning applied to dynamic Hedging strategies: a comparison between ANNs and linear regression models., Advisor: Prof. Alessandro Ramponi

Andrea Caputo, The Socially Responsible Funds, Advisor: Rocco Ciciretti

Stefano Caputo, Bitcoin Trading Strategy on Twitter Sentiment Analysis, Advisor: Prof. Vincenzo Farina

Andrei Carp, Machine Learning applications to predict stock prices based on technical indicators, Advisor: Prof. Alessandro Ramponi

Lorenzo Cianciullo, Investing in corporate socially responsible activities: a robust analysis of deletion event effects, Advisor: Rocco Ciciretti

Maria Ciobanu, Behaviour of Healthcare Index: A GARCH forecasting approach to predict volatility, Advisor: Prof. Tommaso Proietti

Domenico Roberto Curciarello, Does Bitcoin hedge inflation risk? A multivariate time series analysis, Advisor: Prof. Tommaso Proietti

Valerio D'Agostini, The Hard Landing of the Chinese Shadow Banking: how China’s printing machine and financial system practices may overwhelm its and other countries’ economy., Advisor: Prof. Ugo Pomante

Michele Dimartino, Legal and Ethical characteristics of Sukuk to be a Sharia Compliant Financial Instrument, Advisor: Prof. Amalia Diurni

Diana Andrea Dudas, Are Cat Bonds better than Reinsurance? A numerical study., Advisor: Prof. Katia Colaneri

Thiago Ely Tatsch, Does Alternative Data Improve Financial Forecasting? A series of cases, Advisor: Prof. Vincenzo Farina

Luciana Fauceglia, Portfolio selection with ESG score: a new "optimization" approach to include investors' ESG preferences, Advisor: Prof. Ugo Pomante

Fakhteh Ghalami, Mean-Variance efficient portfolio and skewed assets performance comparison, Advisor: Prof. Shmuel Baruch

Mihael Huzun, Portfolio Performance Analysis: Combining Cryptocurrencies with Traditional Assets, Advisor: Prof. Ugo Pomante

Fatemeh Khazaei, The Effect of Knowledge and Experience of Board of Companies on Mergers and Acquisitions, Advisor: Prof. Rocco Ciciretti

Eduard Andrei Kiss, Forecasting Exchange Rates: An Empirical Analysis, Advisor: Prof. Marianna Brunetti

Domenico Leone, Central bank, monetary policy and interest rates, Advisor: Prof. Stefano Herzel

Francesco Milani, The Integration of ESG Factors into the Investment Process: an application in the Portfolio Construction Model, Advisor: Prof. Ugo Pomante

Mirabela Cristina Niscoveanu, Can ESG investing do well while doing good? An analysis of the ESG European funds from 2000 to nowadays, Advisor: Prof. Rocco Ciciretti

Marco Piazza, Can the performance measurement influence mutual funds' valuation?, Advisor: Prof. Ugo Pomante

Davide Radicioni, The Black-Litterman Model: Rigorous Review, Implementation and Application to the Market, Advisor: Prof. Shmuel Baruch

Sebastian Richter, Neural Network assisted Option Pricing under Rough Volatility: An Empirical Validation., Advisor: Prof. Alessandro Ramponi

Paiman Sobati, GANs and their application in option pricing, Advisor: Prof. Alessandro Ramponi

Gianluca Varrenti, Correlation between assets during market down phases: analysis on the Dow Jones Index, Advisor: Prof. Shmuel Baruch

Assel Altynbek, European Cooperative Banking Group, Advisor: Prof. Stefano Caiazza

Riccardo Angeli, The Covid-19 Effect on Oil Spot and Futures Market and Potential Hedging Strategies, Advisor: Prof. Gianni Nicolini

Nils Anton Ludvig Anner, Explaining Credit Default Swap Spreads with the Equity Volatility and Jump Risks of Individual Firms, Advisor: Prof. Alessandro Ramponi

Masumeh Babaei, Empirical Analysis of the Cryptocurrencies and Bitcoin Price Dynamics, Advisor: Prof. Vincenzo Farina

Riccardo Bruno, Electricity Price Forecasting with Unobserved Components Models, Advisor: Prof. Tommaso Proietti

Giorgia Carena, Stochastic models for simultaneous trading in the lit market and a dark pool: a numerical study, Advisor: Prof. Katia Colaneri

Asia Ciaramella, Hedge Funds and Mutual Funds Performance: A Comparison Analysis, Advisor: Prof. Rocco Ciciretti

Gaetano Cipriani, Volatility Estimation in Presence of Microstructure Noise, Advisor: Prof. Davide Pirino

Lavinia Del Treste, The announcement effect of green bond issuers on their listed share price, Advisor: Prof. Rocco Ciciretti

Paola Di Stasi, Black Litteman Model and Risk Budgeting, Advisor: Prof. Ugo Pomante

Valentina Federici, Different Trends in SRI: The Case of Europe and Usa, Advisor: Prof. Rocco Ciciretti

Michela Fiore, Reinforcement Learning for Automatic Option Hedging, Advisor: Prof. Stefano Herzel

Gianluca Franceschini, The Effectiveness of Weather Derivatives as Risk Mitigating Tool in Wine Industry, Advisor: Prof. Gianni Nicolini

Emanuele Gatta, ESG Portfolios Premia: A Comparison Between Risks and Characteristics, Advisor: Prof. Rocco Ciciretti

Omar Gaye, ESG Factors and Performance in Portfolio Construction: Energy and Power Utility Sector, Advisor: Prof. Ugo Pomante

Saeid Hosseinzadehfarahami, On Rough Fractional Stochastic Volatility andthe Turbocharging Monte Carlo simulation for rBergomi model, Advisor: Prof. Alessandro Ramponi 

Alessandra Iacobone, A Comparison Between Italian Health System and American Health System, Advisor: Prof. Maura Mezzetti

Mina Ibrahim Tawfik Ibrahim, CFD Trading in Financial Markets, Advisor: Prof. Gianni Nicolini

Alessio Incelli, An Advanced Application of Black-Litterman Model: The EBL Approach, Advisor: Prof. Ugo Pomante

Antonio Litterio, Detection of Structural Breaks in HAR Model, Advisor: Prof. Gianluca Cubadda

Daniele Maggio, Corporate Reputation: a Systematic ESG Risk Approach, Advisor: Prof. Rocco Ciciretti

Zaur Mammadov, Implied Volatility Surface: Difference Between Heston Model and SVI Parametrization, Advisor: Prof. Alessandro Ramponi

Daniele Martinelli, Reinforcement Learning for Trading Applications: The Q-Learning Algorithm, Advisor: Prof. Stefano Grassi

Laura Morrocchi, Risk-Return Optimization and ESG Opportunities in the Current Financial Market: an Empirical Study on Model Portfolios, Advisor: Prof. Ugo Pomante

Francesca Romana Multari, Quantile Dependence and Directional Predictability in Economic and Financial Time Series, Advisor: Prof. Tommaso Proietti

Tiara Fatin Binti Nasip, A Comparison of Methods for Sentiment Analysis of Private Companies: The Case of Recent Tweets about Tesla Inc., Advisor: Prof. Alessio Farcomeni

Alberto Noe’, The Determinants of Italian Households Financial Planning, Advisor: Prof. Rocco Ciciretti

Saeedeh Ostovari, Investigating the Statistical Properties of the Hurst Exponent Estimator of Rough Volatility Model, Advisor: Prof. Tommaso Proietti

Dario Piperni, Green Minus Black: The Risk-adjusted Performance of SRI, Advisor: Prof. Vincenzo Farina

Meruyert Ramazanova, A review of volatility estimators for financial assets, Advisor: Prof. Davide Pirino

Matteo Ronci, Volatility Analysis of Bitcoin and Ethereum Before and After the Introduction of Futures, Advisor: Prof. Gianni Nicolini

Roberto Rosina, The Determinants of Financial Derivatives Use: an Empirical Analysis From European Banking Industry, Advisor: Prof. Gianni Nicolini

Edoardo Sabetta, Doing Well While Doing Good? A Performance Comparison Analysis of European Mutual Funds in Pandemic Times, Advisor: Prof. Vincenzo Farina

Flaminia Sarrantonio, Power market fundamental approach to study the dynamics of the electricity sector in Latin America, Advisor: Prof. Rocco Ciciretti

Roberta Maria Segatore, Estimation of a Structural Model for Stale Prices, Advisor: Prof. Davide Pirino

Noemi Viggiano, Does it matter to be green? The Effect of Green Investment on Corporate Behavior, Advisor: Prof. Stefano Herzel

Mario Viola, Tactical Asset Allocation : A Machine Learning Approach, Advisor: Prof. Ugo Pomante

Aizhan Yermekova, Determinants of M&A premium: evidence from quantile regression analysis, Advisor: Prof. Alessio Farcomeni

Faranak Alikhah, Time Reversibility of Financial Time Series, Advisor: Prof. Tommaso Proietti

Francesco Apa Eduardo, Integration between ethical activity and economic dynamics: the banking sector, Advisor: Prof. Amalia Diurni

Francesco Berretti, The Determinants of Italian Household Financial Planning, Advisor: Prof. Rocco Ciciretti

Andrea Bonelli, Forecasting Realized Volatility: Long vs Short Memory Processes, Advisor: Prof. Gianluca Cubadda

Ana Botorce, Corporate Social Responsibility in Canadian Firms, Advisor: Prof. Rocco Ciciretti

Marco Bruno, The determinants of the Reverse Takeovers: the case of Europe, Advisor: Prof. Vincenzo Farina

Andrea Bulla, Venture capital investments in cyber-security startups: a social network approach, Advisor: Prof. Vincenzo Farina

Veronica Cannas, What happens to options when the underlying returns are predictable?, Advisor: Prof. Stefano Herzel

Giulia Carbotti, A regime-switching cointegration approach to pairs trading, Advisor: Prof. Gianluca Cubadda

Andrea Carcani, Scenario analysis for the energy sector’s transition risk in the context of climate change, Advisor: Matteo Bissiri

Paolo Cianci, ESG rating and financial performance during the SARS-CoV-2, Advisor: Prof. Rocco Ciciretti

Antonio Colasanto, Monte-Carlo assessment of excess staleness estimators, Advisor: Prof. Davide Pirino

Gaia D'Angeli, DCC-NL: model validation for portfolio and risk management in a large dimensional setting, Advisor: Prof. Tommaso Proietti

Samy Zakria Moustafa El Hallag, Forecasting the Electricity Demand in the Italian Market through Supervised Learning Methods, Advisor: Prof. Gianluca Cubadda

Federico Fattinnanzi, Climate Change, Political Economy and Financial Distress, Advisor: Prof. Ugo Pomante

Eric Festuccia, Predictability of Expected Returns, Advisor: Prof. Stefano Herzel

Marco Fioravanti, Anticipating market volatility using google trends data, Advisor: Prof. Vincenzo Farina

Diego Oswaldo Floreano Dominguez, Style-based Value at Risk: an investigation of equity emerging market mutual funds, Advisor: Prof. Ugo Pomante

Emanuel Ignacio Gamboa Quintanilla, Pairs Trading Strategy Efficiency: Cointegration Analysis in Derivative Markets, Advisor: Prof. Gianni Nicolini

Yasaman Ghafarisomeh, Detecting Asymmetric Jumps and Semi-variation in Forecasting Realized Volatility, Advisor: Prof. Gianluca Cubadda

Fidan Huseynli, The Green Finance approach to financial performance, Advisor: Prof. Rocco Ciciretti

Edis Izejrosji, Measuring the connectedness between European stock indices with variance decomposition, Advisor: Prof. Tommaso Proietti

Lorenzo Lo Pinto, Multivariate Logit Models for Household Financial Hardship in Italy, Advisor: Prof. Maura Mezzetti

Marco Lorenzo, High-Dimensional Density Forecasting for Financial Time Series, Advisor: Prof. Tommaso Proietti

Veronica Lupi, Approximated MLE for diffusion models discretely sampled: Focus on Vasicek and CIR, Advisor: Prof. Davide Pirino

Irene Magni, Private Equity and Turnaround Funds: an Italian case study, Advisor: Prof. Vincenzo Farina

Francesco Marconi, A Model for Central Counterparty Risk with Stochastic Default Intensities, Advisor: Prof. Katia Colaneri

Simona Margareta Mare, Empirical Analysis of the Mortgage Market Granted to Italian Families, Advisor: Prof. Rocco Ciciretti

Gianluca Michienzi, ESG vs Blend Investments: Evidence from International Markets, Advisor: Prof. Ugo Pomante

Hamed Molaei Shebilouysofla, The influence of corporate governance and firm performance on CEO compensation: panel analysis from the Canadian corporate sector, Advisor: Prof. Rocco Ciciretti

Simone Mosconi, Artificial Neural Networks for Option Pricing: an application to the Heston model Calibration, Advisor: Prof. Alessandro Ramponi

Merfat Nofal, Modelling Credit Risk with Big Data, Advisor: Prof. Tommaso Proietti

Alessandro Olivieri, Merger and Acquisition operations in the global energy sector: assessing Efficient Market Hypothesis, Advisor: Prof. Rocco Ciciretti

Saverio Piacenti, Value Creation Effect: Spin Off vs. Equity Carve Out, Advisor: Prof. Vincenzo Farina

Leonardo Procoli, The impact of Coronavirus (COVID-19) on market volatility, Advisor: Prof. Vincenzo Farina

Alberto Rainieri, Collateralized Interest Rate Swaps, Advisor: Prof. Stefano Herzel

Mohammad Rashidi Ranjbar, Comparison of volatility models for Bitcoin, Advisor: Prof. Tommaso Proietti

Daniele Ruffa, The Private Equity funds performance, Advisor: Prof. Vincenzo Farina

Cesare Russo, Portfolio construction considering the impact of shocks on higher moments, Advisor: Prof. Stefano Grassi

Mahshid Teimouri Toulabi, Machine Learning Algorithms in Default Loans Prediction, Advisor: Prof. Tommaso Proietti

Oscar Gustav Anders Thelander, Currency Options: Analytical Tractability versus Empirical Misspecification, Advisor: Prof. Stefano Herzel

Riccardo Traglia, A dynamic approach to Black-Litterman: Implementing a M-GARCH derived covariance matrix , Advisor: Prof. Ugo Pomante

Duc Dieu Vinh Vu, Risk assessment with value at risk and expected shortfall during crises, Advisor: Prof. Tommaso Proietti

Chaotong Wang, The financial performance of professional manager succession in the family business-a case study in the Media group, Advisor: Prof. Luca Gnan

Calascibetta Francesco, Crypto Coin and Applycation of Financial Derivatives on the ICOs, Advisor: Prof. Gianni Nicolini

Capoano Lorenzo, Optimal Combination of realised volatility estimators: a forecasting approach, Advisor: Prof. Gianluca Cubadda

Carosi Annalisa, Modeling the evolution of market uncertainty. Hedge Fund returns and Volatility of Aggregate Volatility within a dynamic perspective, Advisor: Prof. Stefano Herzel

Cascioli Aurora, High Dimensional Covariance Matrices Estimation: a comparison between Orthogonal GARCH and Generalized Orthogonal GARCH, Advisor: Prof. Tommaso Proietti

Cesaretta Claudio, Private Equity and Portfolio Performance, Risk and Diversification, Advisor: Prof. Ugo Pomante

Chen Jinghui, The Effect of Horizon on Dynamic Asset Allocation without Parameter Uncertainty, Advisor: Prof. Stefano Herzel

Ciarletta Sara, Fintech: analysis of the relevance in the different activity’s areas of Italian Banks, Advisor: Prof. Vincenzo Farina 

Corio Michele, Forecasting stock index volatility using the daily range of price, Advisor: Prof. Tommaso Proietti

Delghandi Maral, Impact of Political Events on Stock Market Returns: Empirical Evidence from Tehran Stock Exchange, Advisor: Prof. Vincenzo Farina

Di Geronimo Leonardo, Optimal financial resources for Central Counterparties. Introducing default dependence of clearing members: a mixed binomial approach, Advisor: Prof. Stefano Herzel

Di Lelio Andrea, An Investable Cryptocurrency Index: the CRT30 Index, Advisor: Prof. Ugo Pomante

Di Matteo Alessandro, Modeling and forecasting the Italian yield curve with a dynamic Nelson-Siegel approach., Advisor: Prof. Alessandro Ramponi

Isernia Luigi, Weather risk management for utilities & energy: methodologies for estimating exposure and managing risk, Advisor: Prof. Gianni Nicolini

Krajenbrink Menno-Jan, Lockup Expiration Effects, Advisor: Prof. Vincenzo Farina

Li Zuho, Econometric Analysis of Skewness and Risk Premia in Asset Returns, Advisor: Prof. Tommaso Proietti

Molinaro Gianluca, A Financial Stress Index for Turkey, Advisor: Prof. Gianluca Cubadda

Monti Michela, Shrinkage estimation of the covariance matrix for portfolio optimization: an empirical assessment, Advisor: Prof. Gianluca Cubadda

Novikovs Rihards, Governance factors determining FDI inflows in emerging countries: cross-regional comparative study., Advisor: Prof. Vincenzo Farina

Sabbi Federica, The sentiment analysis: an application with the Black Litterman Model, Advisor: Prof. Ugo Pomante

Saponaro Onofrio, Cointegrated market neutral portfolios: identification and performance analysis, Advisor: Prof. Gianluca Cubadda

Sorbo Michele, Risk volatility measures: a comparison., Advisor: Prof. Tommaso Proietti

Sperati Alfredo Paolo, The impacts of ESG Performances on Cost of Equity and Cost of Debt, Advisor: Prof. Vincenzo Farina

Stursa Zbynek, Thresholding for high-dimensional covariance matrix estimation, Advisor: Prof. Tommaso Proietti

Turmunkh Khongor, The use of Derivatives by Mutual funds, Advisor: Prof. Gianni Nicolini

Wang Yuming, Refining the father to son model with the cases of Chinese family firms, Advisor: Prof. Luca Gnan

Yusifli Parvana, Female Employees’ Job Burnout in Foreign Capital Enterprise in China, Advisor: Prof. Alessandro Hinna

Yusifzada Parviz, Professionalization and Managerialization in Small and Medium Family Firms, Advisor: Prof. Luca Gnan

Zeccolella Gianlorenzo, The effect of Mergers and Acquisitions on Bidder Default Risk in the Banking Sector, Advisor: Prof. Stefano Caiazza

Bardeli Aurel, Attribution of ex-ante performance and risk to market sectors, Advisor: Prof. Ugo Pomante

Bilardi Andrea, Dimension Reduction Methods and Har: forecasting analysis, Advisor: Prof. Prof. Gianluca Cubadda

Borin Carlo, A comparison of wrong-way risk Credit Value Adjustment using different techniques: change of measure, 2D Monte Carlo, Gaussian Copula resampling approach and Basel III, Advisor: Prof. Alessandro Ramponi

Caprasecca Mirko, Can market reaction on announcement date affect M&A failure? Evidence from financial deals in the U.S. market, Advisor: Prof. Stefano Caiazza

Ciolli Andrea, Target Cumulative Abnormal Return to M&As in US Banking Sector from 2000-2018, Advisor: Prof. Stefano Caiazza

Diaferia Savino, Merger Arbitrage: Profitability and Risk-Return Characteristic in the Italian Market, Advisor: Prof. Vincenzo Farina

Filippi Nicolò, The counterparty credit risk and its implication on profit and loss statement and regulatory capital, Advisor: Prof. Stefano Herzel

Forte Federica, Portfolio Optimization using Conditional Value at Risk: Application and Comparison with the Black-Litterman Model, Advisor: Prof. Ugo Pomante

Gurbanli Orkhan, The Impact of Training and Motivation on Organizational Performance, Advisor: Prof. Alessandro Hinna

Iovino Valeria, A zombie bank is in town! Empirical analysis about the health condition of the Eurozone banking system in the 20th century, Advisor: Prof. Stefano Caiazza

Orlova Victoria, Estimating probability of sovereign defaults, Advisor: Prof. Maura Mezzetti

Porcaro Tommaso, Financial Applications of Time-Varying Copulas, Advisor: Prof. Tommaso Proietti

Rezaeighasemkheili Ali, The impact of news on the US dollar index futures, Advisor: Prof. Gianni Nicolini

Serafino Barbara, Renewable Energy Derivatives and the securitization of cash-flows, Advisor: Prof. Gianni Nicolini

Smorra Luca, The Italian market of NPL: Banca IFIS case study, Advisor: Prof. Vincenzo Farina

Zhang Ge, Derivatives Usage and Gender Diversity of Board of Directors, Advisor: Prof. Gianni Nicolini

Cairone Simone, The inductive research of the change in decision-making of family business founder, Advisor: Prof. Tommaso Proietti

Genovese Jacopo, The Growth of Reits Market in East Asia, Advisor: Prof. Ugo Pomante

Gentile Cristina, Measures of Asymmetric Information in Financial Markets, Advisor: Prof. Davide Pirino

Novikov Yurii, What are the country specific factors that influence the foreign direct investment?, Advisor: Prof. Vincenzo Farina

Renzetti Francesco, Empirical analysis on the phenomenon of delisting, Advisor: Prof. Vincenzo Farina

Schiavo Edoardo, Financial crisis, Buyout investments, and Corporate performance: the Italian case, Advisor: Prof. Vincenzo Farina

Fu Yite, The inductive research of the change in decision-making of family business founder, Advisor: Prof. Luca Gnan

Vittiglio Emanuele, Cointegration and trading opportunities: an empirical analysis Advisor: Prof. Vincenzo Farina

Rognone Lavinia, Pricing interest rate derivatives in a negative yield environment, Advisor: Prof. Stefano Herzel

Melone Alessandro, Understanding and Forecasting Financial Market Volatility Over Long Horizons, Advisor: Prof. Tommaso Proietti

D'Aria Marianna, The Credit Valuation Adjustment: Regulation and Implementation, Advisor: Prof. Stefano Herzel

Cesaroni Giulia, Contingent Convertible Bonds - A Market-Conform Equity Derivative Model, Advisor: Prof. Stefano Herzel

Carrozi Stefano, Negative Rates in the SABR Model, Advisor: Prof. Stefano Herzel

Bernardi Cristiano, Four Moments Portfolio Optimization: an Empirical Test, Advisor: Prof. Ugo Pomante

Almonte Stefania, Assessing the predictive ability of financial variables through a mixed frequency approach: some evidence from the Italian case, Advisor: Prof. Gianluca Cubadda

Baggia Douglas, Succession Process In Family Owned Businesses in Honduras: Incorporating new young members, Advisor: Prof. Luca Gnan

Barrano Salvatore, The Implied volatility as a risk predictor: the case of Brexit, Advisor: Prof. Gianni Nicolini

Giacomazzi Consuelo, Optimization of CFDs portfolio implementing SMA technique, Advisor: Prof. Gianni Nicolini

Moradi Hadi, The Determinants and Investigating of CANSLIM Method Profitability for Evaluation of Tehran Stock Exchange Stocks, Advisor: Prof. Sandro Brunelli

Maino Andrea, Time Varying Dependence and Panic Copula model for Risk Measurements, Advisor: Prof. Stefano Herzel

Petrova Denitza,On Psychological Barriers and Price Behaviors: Evidence from Eastern European Markets, Advisor: Prof. Gianni Nicolini

Riccardo Antonio, Vector Heterogeneous Autoregressive Index Model: an application on NYSE mahjor Banks'assets, Advisor: Prof. Gianluca Cubadda

Svetlomirova Biliana, Cryptocurrency:Nature and Features, Advisor: Prof. Williams De Ascaniis

Verneau Guglielmo, Loss Estimation in Structured Credit Products, Advisor: Prof. Stefano Herzel

Taraborrelli Jessica, The Management of A Real Estate Fund, Advisor: Prof. Ugo Pomante

Scalia Roberto, Forecasting Real Estate Prices, Advisor: Prof. Tommaso Proietti

Sardo Simone, Sovereign CDS: how the default probability influence the market, Advisor: Prof. Gianni Nicolini

Santurelli Simone, The impact of reputation on banks liquidity risk: a study of italian listed banks, Advisor: Prof.  Vincenzo Farina

Rinaldi Francesco, Portfolio construction and valuation: machine learning techniques applied to quantitative trading system, Advisor: Prof. Ugo Pomante

Procacci Pierfrancesco, Flexible Bayesian Framework in Portfolio Construction: Entropy Pooling, Advisor: Prof. Ugo Pomante

Petrilli Luka, Undirected Graphs for Large Scale Portfolios of European Stocks, Advisor: Prof. Tommaso Proietti

Maino Andrea, Behavioral risk modeling and Agency MBS valuation, Advisor: Prof. Stefano Herzel

Luzzi Francesco, News related to macroeconomic variable as risk factors on equity returns: evidence from Asian markets, Advisor: Prof. Rocco Ciciretti

Jiao Xuyang, Are There Tournaments in Mutual Funds?, Advisor: Prof. Stefano Herzel

Iasenzio Stefano, A Vector Heterogeneous Autoregressive Index Model for Realized Volatility: some empirical results for European Equity Indexes, Advisor: Prof. Gianluca Cubadda

Cortesini Alessandro, Test on Fama French factor on Hong Kong Singapore and India stock market, Advisor: Prof. Rocco Ciciretti

Cordiner Lorenzo, Statistical Arbitrage with Index Options: An Empirical Study of the European Option Market, Advisor: Prof.  Marianna Brunetti

Carnevali Laura, An Empirical Analysis of the Italian attitude toward Mortagage Refinancing, Advisor: Prof.  Rocco Ciciretti

Avoli Alessandro, The CDS spread and spread charge determinants in the US Market, Advisor: Prof.  Marianna Brunetti

Arnone Raffaella, Econometric analysis of Value-at-Risk and Expected Shortfall, Advisor: Prof. Tommaso Proietti

Di Cosmo Marco, Calendar anomalies: Evidence from Real Estate Investment vehicles, Advisor: Prof.  Gianluca Mattarocci

Fortuna Alice, Multiple bankin: the Italian case, Advisor: Prof. Marianna Brunetti

Korsaye Sofonias Alemu, Artificial Neural Networks for Implied Volatility Surface: Construction and Dynamics, Advisor: Prof. Cesare Robotti

Romaniello Christian, Central Couterparties: A numerical implementation of the default waterfall, Advisor: Prof. Stefano Herzel

De Michelis Francesco, Technical Anlysis, Advisor: Prof. Stefano Herzel

Torelli Edoardo, Convexity Correction for Interest Rate Derivatives, Advisor: Prof. Stefano Herzel

Aguilar Jauregui Catherine Stefany, Sustainability and outreach trade-off of Microfinance Institutions in Peru, Advisor: Prof. Leonardo Becchetti

Bologni Enrico, The effects of Microfinance on poverty reduction. The Case study of Buen Vivir, Ecuador, Advisor: Prof. Leonardo Becchetti

Borzi Chiara, Real Estate Factor Premium, Advisor: Prof. Gianluca Mattarocci

Brescia Mauro, The optimal capital structure of the firm with taxes, bankruptcy costs and stochastic volatility, Advisor: Prof. Stefano Herzel

Cavarretta Maria Chiara, Power Options in the Italian electricity market: an assessment of their potential in managing risk for the Italian operators, Advisor: Prof. Gianni Nicolini

Cea Lorenzo, A LIBOR Market Model with Multiple Curves, Advisor: Prof. Stefano Herzel

D'Orazio Gianpaolo, Portfolio construction and empirical testing of Black Litterman model, Advisor: Prof. Ugo Pomante

Goudarzi Mostafa, Dynamic Spillover Effect in Future Markets, Advisor: Prof. Gianni Nicolini

Leone Stefano, ALM logics for Pension Funds, Advisor: Prof.Ugo Pomante

Principe Claudia, Impact of International Cross-Listing on Stock Liquidity: Evidence from European Stock Exchanges, Advisor: Prof. Gianluca Mattarocci

Sajadi Zahra, A review on the impact of venture capital on family businesses, Advisor: Prof. Luca Gnan

Serafini Alberto, Comparative analysis of socially responsible and traditional investments, Advisor: Prof. Stefano Herzel

Turchetti Cristiano, An affine term structure for European interbank risk, Advisor: Prof. Stefano Herzel

Verico Marco, Eccomi!. The App for one-to-one volunteerism. From idea generation to fundraising, Advisor: Prof. Williams De Ascaniis

Amiraslanov Farid, A comparative analysis of the family business governance in UK, Canada and China, Advisor: Prof. Luca Gnan

Azzarelli Filippo, The impact of corporate governance on capital structure, Advisor: Prof. Vincenzo Farina

Bernardo Giuseppe, Lines of credit in corporate finance, Advisor: Prof. Gianluca Mattarocci
Colarossi Daniele, Active management and returns dispersion, Advisor: Prof. Rocco Ciciretti

Di Mario Alessio, Prospectus content, investor attention and IPO first-day returns, Advisor: Prof. Vincenzo Farina

Ducci Lorenzo, Estimating the probability of default with balance sheet information: an empirical analysis on US SMES during the last financial crisis, Advisor: Prof. Marianna Brunetti

Febo Angelo W., Liquidity, market impact and optimal trading strategies, Advisor: Prof. Stefano Herzel
Formichella Valentina, The credit value adjustment, Advisor: Prof. Stefano Herzel

Giosi Pierluigi, Pricing variance swap contracts, Advisor: Prof. Stefano Herzel

Gomez Walter Alexandar, Return based style analysis of globally invested flexible mutual funds, Advisor: Prof. Ugo Pomante

Klimovich Sergey, An analysis of co-integration of financial derivative markets in a worldwide perspective, Advisor: Prof. Gianni Nicolini

Li Yanjun, Credit cycle and macroprudential policy, Advisor: Prof. Luisa Corrado

Maccari Laura, The creditworthiness evaluation through the rating system: an empirical application to the construction industry, Advisor: Prof. Gianluca Mattarocci

Malek Mohammadi M., Portfolio optimization with parametric quadratic programming, Advisor: Prof. Stefano Herzel

Mao Wenli, The influence of venture capital on family governance system, Advisor: Prof. Luca Gnan

Mtengwa Nyashadzashe, Impact investing: an advanced market capital allocation framework, Advisor: Prof. Ugo Pomante

Piccirelli Alessia, How diversification affects idiosyncratic and overall risk of open-end equity funds, Advisor: Prof. Rocco Ciciretti

Quaranta Nicoletta, CSR and idiosyncratic volatility, Advisor: Prof. Rocco Ciciretti

Ranalli Giulia, Minibond. What kind of issuers are SMES? Evidence from the financial statement analysis, Advisor: Prof. Ugo Pomante

Setaro Arianna, Short term inflation density forecasting with a Bayesian Var, Advisor: Prof. Tommaso Proietti

Stragapede Michele, Portfolio value at risk with jumps, Advisor: Prof. Stefano Herzel

Strauss Magdalena, A discussion of a matrix exponential model for spatially  correlated data, Advisor: Prof. Maura Mezzetti

Tamburri Matteo, A comparison of forecasting performances between random walk, Garch-m and Egarch-m, Advisor: Prof. Marianna Brunetti

Totev Aleksandar, Corporate ownership of American and German companies: a comparative analysis of dual-class shares. Market performance and tendencies, Advisor: Prof. Luca Gnan

Troiano Federica, Labor market differences between natives and immigrants, Advisor: Prof. Franco Peracchi

Tucci Simone, The usefulness of the omega ratio in evaluating investment opportunities in the Greek Market, during the  crisis, Advisor: Prof. Gianluca Mattarocci

Viselli Gabriele, The share of income from non-intermediation activities in the European cooperative Banks, Advisor: Prof. Rocco Ciciretti

Wang Cizhi, Case study in Wanda and Huawei, so that we can find some suggestion on shareholder structure and employees motivation, Advisor: Prof. Luca Gnan

Abbasov Farid, Liqudity risk at Basel III, Advisor: Prof. Gianluca Mattarocci

Canori Alfredo, Basel III: A new regulatory framework, Advisor: Prof. Sandro Brunelli

Cesari Lorenzo, ESG performance and financial performance of equity mutual funds, Advisor: Prof. Stefano Herzel
Di Rocco Andrea, Corporate social responsibility around the world, Advisor: Prof. Vincenzo Farina

Ficcadenti Valerio, Inflation and growth: some empirical results from the European Union countries, Advisor: Prof. Giovanni Trovato

Kelemen Iringo Anna, Tactical asset allocation embedding with the Black-Litterman model's views, Advisor: Prof. Ugo Pomante

Kraujutaityte Faustina, Competition among stock exchanges : comparison of listing regulations of singapore stock exchange and London stock exchange, Advisor: Prof. Nicoletta Ciocca

Marcone Michela, Stochastic methods for capital budgeting analysis, Advisor: Prof. Roberto Monte

Norante Valentini Giulio, Multinational companies and currency risk in the speculative attacks, Advisor: Prof. Gianluca Mattarocci

Petrini Francesco Maria, From Bail-out to Bail-in: a new framework of rules", Advisor: Prof. Leonardo Becchetti

Petrongari Michael, Future on Commodities: Agrex  – Agricultural Derivatives Exchange, Advisor: Prof. Gianni Nicolini

Rahimli Sarkhan, Constant proportion portfolio insurance strategies and Related gap risk measures for processes with jumps and Applications, Advisor: Prof. Sergio Scarlatti

Razi Bibi Alia, The difference between the modern marketing management practices of family business, Advisor: Prof. Luca Gnan

Recupero Silvia, The Gold Pricing: Evidence from the Spot and the Future Gold Pricing, Advisor: Prof. Gianni Nicolini

Scalone Chiara, Italian target maturity funds: investment style and performance analysis, Advisor: Prof. Rocco Ciciretti

Tallarida Tiziano, Asset market microstructure: order book analysis, Advisor: Prof. Stefano Herzel

Bendziute Dovile, Commercial and Investment Banking in Economies with Asymmetric Information, Advisor: Prof. Eloisa Campioni

Cilla Edoardo, Measuring and modelling the risk of liquidity, Advisor: Prof. Stefano Herzel

Del Signore Piera, Evaluating Density Forecasts for Financial Time Series, Advisor: Prof. Tommaso Proietti

Donato Ludovico, Investor Sentiment and Asset Prices Can a protable trading strategy be devised from a Pessimism index?, Advisor: Prof. Ugo Pomante

Girardi Alessio, Investing in vice: An empirical study based on the U.S. market, Advisor: Prof. Ugo Pomante

Grasso Adriana, Dynamic portfolio strategies with liquidity costs,* Advisor: Prof. Stefano Herzel

Haddad Khalil, Financial Analysis: Different Parts and Their Usages, Advisor: Prof. Ugo Pomante

Lamaj Erisa, An overview of VaR. An application of Block Maxima method in risk management for heavy tailed stock returns, Advisor: Prof. Ugo Pomante

Malatesta Fabrizio, Ethical funds and liquidity risk,* Advisor: Prof. Stefano Herzel

Mariotti Sara, Pricing and hedging CDOs using copulas, Advisor: Prof. Stefano Herzel

Oshafi Vesna, Trading in secondary loan markets, Advisor: Prof. Andrea Kamal Attar

Sarcinelli Nicola, Value creation through strategic diversification: the Fincantieri case, Advisor: Prof. Sandro Brunelli

* judged "particularly relevant" in the contest of the prestigious Bank of Italy Prize "Giorgio Mortara", for the best thesis of the year

Capo Mariangela, Managing risk exposures using the risk budgeting approach: the equal risk contribution portfolio construction and analysis, Advisor: Prof. Ugo Pomante

D'Onofrio Rossella, Pricing the Energy: the case of the European natural gas, Advisor: Prof. Stefano Herzel

Flores Deborah, A tactical asset allocation perspective applied to the black-litterman model, Advisor: Prof. Ugo Pomante
Inglese Gabriele, Home bias and new measures of bias in asset allocation, Advisor: Prof. Ugo Pomante

Lautizi Francesco, Empirical estimates of pricing kernel and risk aversion, Advisor: Prof. Stefano Herzel
Manenti Dario, Flexible funds: strategies and performances, Advisor: Prof. Ugo Pomante

Pavana Marco, Mutual fund performance: active versus passive management, Advisor: Prof. Ugo Pomante

Sangrigoli Dario, The evolution of the finance-growth nexus: past studies and new perspectives, Advisor: Prof. Leonardo Becchetti

Santorelli Giulio, Demographic structure and asset returns: A new prospective from international data, Advisor: Prof. Marianna Brunetti

Cassetti Sante, Sequential conditional Correlation, Advisor: Prof. Tommaso Proietti

Santangelo Daniela, The Goldman Sachs event and SRI funds, Advisor: Prof. Rocco Ciciretti

Formica Francesco, Basel III and its potential impact on global banks, Advisor: Prof. Stefano Caiazza

Periotto Marco, Provate equity and venture  capital market in Italy: performances and potential development, Advisor: Prof. Vincenzo Farina