Oliviero Roggi

Full Professor of Business Finance [SECS-P/09]

Keywords

Corporate FInance, Valuation, Risk Management, Sustainable Finance, Digital Currencies, Financial Stability International Risk Management Conference, The Risk Banking and Finance Society

Oliviero Roggi specializes in corporate finance, valuation, risk management and corporate governance with a recent focus on Sustainable Finance and ESG Risk. He is currently Full Professor of Finance and Risk Management at Fundação Dom Cabral and tenured Professor of Finance at the University of Florence (Italy); Recently is responsible for the start-up project “ESG Finance and Risk at FDC and Chairman of The Risk Banking and Finance Society.

From 2016 to 2019 Roggi served as Professor of Finance at Fundação Getulio Vargas EAESP in Sao Paulo (Brazil). Before to move to Brazil, he served as Visiting Associate Professor of Finance at NYU STERN School of Business in 2011-12. Oliviero is also Chairman of “The Risk Banking and Finance Society”. Prior joining NYU Stern, Prof. Roggi received his associate professorship tenure at the University of Florence teaching Advance Corporate Finance, Valuation and Corporate Capital Structure. From 2010 to 2013, Prof. Roggi was appointed Short Term Consultant at Environmental, Social and Governance Department IFC World Bank Group, where he led the European Team in the project “Risk Management for Board of Directors”. Professor Roggi is co-founder together with Prof. Edward Altman of the International Risk Management Conference managed by RBF. In recent years, RBF has become a reference point for practitioners and scholars actives in risk management worldwide with 800 members, two of them being Nobel Laureate. 

Prior to joining the RBF, Dr. Roggi, founded and managed (from 2007-2009) as Chairman, Centro Studi per l‘Economia la Politica e la Finanza: Finanza Firenze. The association provides applied research services to prestigious institutions as Regione Toscana, Camera di Commercio di Firenze, Lucca, Arezzo. The association developed software tools for the SME credit rating and provided support to the bank research centers and other financial institutions. From 1994 Dr. Roggi is active on the field of advisory services in: corporate finance, valuation, corporate governance and corporate strategy working as independent consultant with firms in a wide range of industries, including financial services, telecommunications and retail. In 2009, he founded and owned up to 2011, Finanza Futura Srl, an advisory services company specialized in risk assessment, finance and strategy advisory. In 2015 he founded two twin advisory services: Integrated Finance Consulting Srl, in italy and RBF Latam. Consultorias, Participações e Eventos Ltda in São Paulo.  From 1995 and 1997 Dr. Roggi is as Certified Public Accountant, Independent Auditor and Board member in several publicly owned companies including the financial services. He is member of several associations and societies worldwide including ItalCam, Camara Italo-Brasileira de Comercio de São Paulo. Dr Roggi is fluent in five languages (Italian, English, Portuguese, French, Spanish).

 

2022

Roggi O. Giannozzi A., Cioli V., Tronconi G., Stock Liquidity and Corporate Investment Policy after FTSE 100 Index Additions, September 2022. International Journal of Business and Management 17(10):20 DOI: 10.5539/ijbm.v17n10p20

2021

Roggi. O., Conticelli S., The effect of ESG on Bond Spread and Credit Rating. Evidence from BRICS and Latin America, Working Paper

 

2021

 

Roggi O. Giannozzi A., Cioli V., Colonna L. (2020) “ Corporate green bond and stock price reaction” International Journal of Business and Management 16(4):75.  DOI: 10.5539/ijbm.v16n4p75

2020

 

 

 

 

 

Roggi O. Giannozzi A., Menchetti F., Cipollini F. (2020) 

“The beauty contest between systemic and systematic risk measures: Assessing the empirical performance”, Journal of Empirical Finance, Volume 58, 2020,Pages 316-332, ISSN 0927-5398,

https://doi.org/10.1016/j.jempfin.2020.06.005.

(http://www.sciencedirect.com/science/article/pii/S0927539820300360)

 

2020

 

 

Roggi O., Giannozzi A., Cioli V., Ippoliti V.  (2020), “Cross border M&A and financial performance: empirical evidence on bidder/target companies”, International Journal of Business and Management, Vol. 15, No 4, ISSN 1833-3850, E-ISSN 1833-8119, doi:10.5539/ijbm.v15n4p67, p. 67-86.

2019

 

 

Roggi O., Giannozzi A., Cioli V., Fargion R. (2019), “Le determinanti nella decisione di rinuncia all'IPO. Un'analisi empirica sul mercato azionario italiano.Banca Impresa Società, ISSN:1120-9453 DOI:10.1435/93957. pp.79-112

2019

 

 

 

Roggi O., Giannozzi A., Foglia Manzillo V., Vittorioso V. (2019), “Alternative performance measures: an assessment after ESMA Guidelines”, Corporate Ownership and Control journal17(1), pag. 50-59  DOI: 10.22495/cocv17i1art5, ISSN: 1727-9232

 

2019

 

 

Roggi O., Giannozzi A., Baglioni T., Pagliai F. (2019), “Private Equity Funds Characteristics and Performance. An Analysis of North American Venture Capitalists and Buyout Funds”, Economic Notes 2019;1–17, DOI: 10.1002/ecno.12128

2018

 

Roggi O.,  Giannozzi A., Cipollini F., Menchetti F. (2018), “Financial companies’ failures: early warning information from systematic and systemic risk measures”, Quarterly Journal of Finance, Vol. 8, No. 3, DOI: 10.1142/S2010139218400074, ISSN 2010-1392 (fascia B)

2017

 

Roggi O., Giannozzi A. (2017), Indagine sulla situazione economico-finanziaria e il rating delle imprese della Provincia di Pistoia, Aracne Editrice, Roma 

2017

Roggi O., Giannozzi A. Baglioni T. “Valuing Emerging Markets Companies: New approaches to determine the effective exposure to country risk. Research in International Business and Finance” Vol 39, pag 553-567, ISSN: 0275-5319  doi:10.1016/j.ribaf.2016.07.028

 

2017

Roggi O. Giannozzi A. “Indagine sulla situazione economico finanziaria e il rating delle imprese della provincia di Pistoia”, Aracne Editrice, Roma

 

2016

Roggi O. Damodaran A., “Elementi di Finanza Aziendale e Risk Management”, Maggioli, Milano

2016

Roggi O. Andersen T.J. Strategic Risk Management and Corporate Value Creation.

The Routledge Companion to Strategic Risk Management. ed. / Torben Juul Andersen. Abingdon : Routledge, 2016. p. 421-437

 

2016

Roggi O., Giannozzi A., Baglioni T. “Firm Valuation in Emerging Markets and the Exposure to

Country Risk”. Global Journal of Management and Business Research: Finance Vol. 16 Issue 1, 2016

 

2015 

Roggi O.  “Risk Value and Default”, World Scientific Press, Singapore 2015

2015

Roggi O., Giannozzi A. “Fair Value disclosure, liquidity risk and stock return”,Journal of Banking and Finance 58 (2015), 327-342

2014

Andersen T. J. Garvey M. Roggi O. “Managing Risk and opportunity”, Oxford University Press, UK, 2014

2013

 

Altman E., Roggi O., Sabato G., Giannozzi A.  Rating SME. A comparison between accounting and 

non-accounting model in the Italian market”. Bancaria 3/13

2012

Altman E. Roggi O., “Measuring and Managing Risks. Emerging Global Standards and Regulation after the Financial Crisis”, World Scientific Press, Singapore 2012

2012

Damodaran A., Garvey M., Roggi O., “Risk Taking: A Corporate Governance perspective” Handbook on Risk Management for Board of Directors, Environmental, Social and Governance Department, IFC World bank Group, 2012

2011

Roggi O. Damodaran A., Applied Corporate Finance – Finanza Aziendale Applicazioni per il management, third edition, (Wiley 2009), Apogeo, 2011

2009

 

Roggi O. & Giannozzi A. “Company distress in the fashion/textile industry. Questing for Discriminant 

variables”, presented at AEDEM-AIDEA Congress, Rome, September 11 2009

2009

 

 

Roggi O. & Giannozzi A. & Sabato G. “Building SME rating. A comparison between accounting and 

non-accounting model in the Italian market”, presented at the IRMC 2009 Edition, “Financial 

Instability. New framework or world contingency?” Venice, June 22nd – 24th, 2009

2009

 

Roggi O. & Giannozzi A. “Predicting SME default risk. Does regional model make sense?”, 

International Journal of Business & Economics, Fall 2009, vol. 8, n. 1

2008

 

 

Roggi O. & Oddi V. “Le imprese venture backed, la quotazione e gli effetti del monitoraggio del fondo. 

Evidenze empiriche sull’underpricing (long e short term underpricing)”, Il Mulino, 2009

2008

 

 

Roggi O. & Ingenito V, “Il fenomeno del Secondary Buy Out in Italia nel 2006, un’anomalia nello 

sviluppo del private equity? Evidenze empiriche e prime riflessioni sul modello interpretativo” Studi e 

Note Economiche 3/08

2008

 

 

Roggi ORischio d'impresa, valore e insolvenza. Aspetti teorici e processi di gestione del rischio. 

Foreword by Edward Altman,  Franco Angeli, 2008.

 

2008

 

 

Roggi. O. & Cioli V. “Fonti finanziarie e creazione di valore. Il costo del capitale dell’impresa 

agevolata” in AF – Analisi Finanziaria N°70, 2008.

2007

 

 

Roggi O. Basel II and Default risk estimation. Testing discriminant methodologies on general and 

industry specific Italian company  models, Small Business  Banking and Financing: a global 

perspective, International Conference, Cagliari, May 2007, Proceedings.

 

2005

 

 

Roggi O. “Estimating default risk before and after Basel II Committee accord” , Quantitative Methods 

in Finance Conference 2005, Sydney, December 2005, Proceedings

 

2004

 

 

Roggi O. “Public utilities europee ed IPO. Leggi generali e fattori di specificità settoriale nella 

determinazione dell’underpricing” Finanza Marketing Produzione n° 1/04. 

2004

 

 

Roggi O.  Valore intrinseco e prezzo di mercato nelle operazioni di Finanza Straordinaria. Un’analisi 

sulle  public utilities. Franco Angeli, Milano

 

2003

 

 

Roggi O. “Struttura finanziaria e performance d’impresa. Prima applicazione del metodo Partial Least 

Square Regression alle imprese della Water Industry in Gran Bretagna”, MARZO 2002, in corso di 

pubblicazione su Finanza Marketing Produzione n° 2/03. 

 

2002

 

Roggi O. “L’underpricing nelle IPO europee dei settori utilities e TLC. Uno studio empirico 

dell’impatto di variabili fondamentali e di processo sul valore d’impresa”, VIII Incontro di Finanza 

Aziendale Università Commerciale “Luigi Bocconi”, Luglio 2002, in corso di pubblicazione EGEA.

 

2002

 

 

Roggi O. “Strategie finanziarie e performance d’impresa. I comportamenti post-privatizzazione delle 

imprese della Water Industry in Gran Bretagna” in Atti del Convegno I processi di deregolamentazione 

dei servizi pubblici. Vincoli opportunità istituzionali e condizioni operative,  Salerno, APRILE 2002. 

 

1999

 

Roggi O. “Why ambition fails post-privatisation”, paper presented at the 19th Annual 

International Conference della Strategic Management Society il 6 Ottobre 1999, Berlino;

1999

 

 

 

Roggi O. & Porceddu Cilione C., “La matrice delle dinamiche di governo come strumento di analisi 

longitudinale per lo studio della Top Management Team Succession”. Working Paper n° 8 della Collana del Dipartimento di Scienze Aziendali dell’Università di Firenze, Centro Stampa 2P, Firenze, Settembre 1999;

 

1999

 

Roggi O. La strategia come processo di allocazione reiterata delle risorse. Le imprese del settore idrico nel Regno Unito, Università degli Studi di Bologna, Tesi di Dottorato, Febbraio 1999; per il 

conseguimento del titolo di Dottore di Ricerca in Direzione Aziendale, XI Ciclo.

 

1998

 

 

Roggi 0. &Thomas D. “Corporate Governance, conduct and performance in the UK Investment Trust Industry, Presented in the Seminar Series of the Department di Accounting & 

Finance -  City University Business School  London (UK);

 

1995

Roggi O. “I fondi mobiliari chiusi in Italia. Aspetti di analisi economico-tecnica di uno strumento 

finanziario” in  Rivista Bancaria, n° 2/1995

VIEW THE COURSES FROM THE A.Y. 2022/2023 TO THE PRESENT

Academic Year 2021/2022

Risk Management, Corporate Finance, Sustainable Finance, Valuation