Emanuele Bajo

Emanuele Bajo

Professor of Finance
University of Bologna · Bologna Business School
Research in capital markets, household finance, behavioral finance, corporate risk management, and the role of information and networks in financial markets.
Current Position
Professor of Finance, University of Bologna
Academic Leadership
Associate Dean, Bologna Business School
Program Role
Director, Master in Finance
Editorial Service
Executive Editor, Journal of Economics and Business

Professor of Finance at the University of Bologna and Associate Dean at Bologna Business School, where he directs the Master in Finance. He holds an Honorary Professorship at the University of Queensland (Australia).

His research spans IPOs and capital markets, household finance and financial literacy, behavioral finance, corporate risk management, and the role of information and governance structures in financial markets. His work has appeared in leading journals including the Journal of Financial Economics, the Journal of Corporate Finance, and the Journal of Banking and Finance.

He serves as Executive Editor of the Journal of Economics and Business and is a member of the Consultative Working Group of the Risk Standing Committee of the European Securities and Markets Authority (ESMA). Earlier in his career he worked in business consulting in Barcelona and founded one of Italy's first major financial websites.

Publications and Research

Research interests: IPOs & Capital Markets  ·  Household Finance & Financial Literacy  ·  Behavioral Finance  ·  Corporate Risk Management & Derivatives  ·  Social Networks in Finance  ·  Media and Financial Markets
Selected Publications
2016
Journal of Financial Economics, 122, 376–408  ·  Chemmanur, Bajo, Simonyan, Tehranian
2017
Journal of Corporate Finance, 46, 139–153  ·  Bajo, Raimondo
2018
Journal of Banking & Finance, 94, 279–286  ·  Bajo, Barbi
2020
Journal of Corporate Finance, 65  ·  Bajo, Barbi, Bigelli, Croci
2025
European Financial Management (forthcoming)  ·  Bajo, Barbi, Bigelli
Working Papers
WP
Migration and International Lending
Bajo, Arzu, Dahya
Journal Articles — Finance
2025
European Financial Management (forthcoming)  ·  Bajo, Barbi, Bigelli
2024
International Review of Financial Analysis, 96, 1–11  ·  Bajo, Barbi, Hillier
2024
European Financial Management, 30, 2164–2194  ·  Bajo, Randl, Simion
2023
Finance Research Letters, 58, 1–13  ·  Bajo, Cecchini, Oliver
2022
European Financial Management, 28, 809–833  ·  Bajo, Jankensgård, Marinelli
2020
Journal of Corporate Finance, 65  ·  Bajo, Barbi, Bigelli, Croci
2020
European Financial Management, 26(3), 560–578  ·  Bajo, Bigelli, Raimondo
2020
Journal of Business Research, 112, 65–80  ·  Bajo, Croci, Marinelli
2019
Journal of Behavioral Finance, 20(1), 107–126  ·  Bajo, Cecchini, Sobrero, Russo
2018
Journal of Banking & Finance, 94, 279–286  ·  Bajo, Barbi
2017
Journal of Corporate Finance, 46, 139–153  ·  Bajo, Raimondo
2017
Quarterly Review of Economics and Finance, 63, 219–232  ·  Bajo, Barbi, Petrella
2016
Journal of Financial Economics, 122, 376–408  ·  Chemmanur, Bajo, Simonyan, Tehranian
2015
European Journal of Finance, 21(9), 714–733  ·  Bajo, Barbi, Romagnoli
2015
Journal of Financial Management, Markets and Institutions, 3(1), 157–174  ·  Bajo, Barbi, Sandri
2014
North American Journal of Economics and Finance, 30, 56–71  ·  Bajo, Barbi, Romagnoli
2013
Journal of Banking & Finance, 37(11), 4327–4336  ·  Bajo, Barbi, Bigelli, Hillier
2013
Applied Economics, 45(19), 2697–2704  ·  Bajo, Barbi, Hillier
2012
Journal of Banking & Finance, 36(2), 550–563  ·  Bajo, Barbi
2010
Quantitative Finance, 10(10), 1203–1213  ·  Bajo, Barbi
2010
Journal of Business Finance & Accounting, 37(7–8), 950–978  ·  Bajo
2009
The Determinants and Value Impact of Regulatory Compliance: An Analysis of Insider Trading Disclosures
Journal of Business Ethics, 90(3)  ·  Bajo, Bigelli, Hillier, Petracci
2006
Studies in Economics and Finance, 23(2), 94–118  ·  Bajo, Petracci
1998
New Investments and Market Myopia: Firm's Value versus Private Benefits Maximization — Evidence from Italy
Journal of Management and Governance, 2(1), 1–16  ·  Bajo, Bigelli, Sandri
Books
2012
Rischi finanziari delle imprese. Politiche di copertura, modelli ed evidenze empiriche
Franco Angeli, Milano
2003
Le Obbligazioni Convertibili
Carocci, Roma
Book Chapters
2026
Risk Management
Topics in Corporate Finance: Challenges, Opportunities, Debates, and Trends, Springer Nature, pp. 3–20
2013
Enel, Ten Years of Extraordinary Financial Performance
National Monopoly to Successful Multinational: The Case of Enel, Palgrave Macmillan  ·  Bajo, Barbi
2007
L'Internal dealing: una prima verifica empirica sul mercato italiano
Finanza e Industria in Italia, Il Mulino  ·  Bajo, Bigelli, Petracci
2001
Il Venture Capital
Le fonti di finanziamento non bancarie, Clueb
Other Publications (Italian)
2005
Weather derivatives come strumento per la copertura del rischio climatico: un'applicazione empirica su dati italiani
Analisi Finanziaria, 58, 110–128  ·  Bajo, Righetti
2004
Variazioni della quota azionaria da parte degli Insider: quale segnale per il mercato?
Banca Impresa Società, 2, 309–338  ·  Bajo, Petracci
2004
Il contenuto informativo dei volumi anomali
Banca Impresa Società, 1, 177–204  ·  Bajo
2003
La valutazione delle growth company: un confronto tra opzioni reali e discounted cash flow
La Valutazione delle Aziende, 30, 71–82  ·  Bajo, Di Simone
2003
Opzioni Reali: la valutazione della società Tiscali SPA attraverso il modello Schwartz-Moon
Analisi Finanziaria, 49, 101–115  ·  Bajo, Di Simone
2002
Il pricing dei titoli di debito nell'accesso delle imprese al mercato dei capitali
Collana Newfin, 85, 269–285  ·  Bajo
1999
Pricing e principali problematiche delle obbligazioni convertibili e delle obbligazioni cum warrant
Analisi Finanziaria, 32, 71–88  ·  Bajo
Journal Articles — Cost-Effectiveness in Psychiatry
2014
Human Psychopharmacology, 29(6), 544–551  ·  Olgiati, Bajo, Serretti
2013
European Neuropsychopharmacology, 23(12), 1739–1746  ·  Olgiati, Bajo, Bigelli, Montgomery, Serretti
2012
Progress in Neuro-Psychopharmacology & Biological Psychiatry, 36(1), 147–154  ·  Olgiati, Bajo, Bigelli, De Ronchi, Serretti
2011
The World Journal of Biological Psychiatry, 12(7), 501–515  ·  Serretti, Olgiati, Bigelli, De Ronchi
2009