Alessandro GIANNOZZI

Ruolo attuale:: Professore Associato
SSD:: ECON-09/A - Finanza aziendale
Afferenza organizzativa:: Dipartimento di Scienze per l'Economia e l'Impresa

Recapiti

	0552759724
	alessandro.giannozzi(AT)unifi.it

Ulteriori Recapiti

	Dipartimento Scienze Aziendali - Edificio D6 -3° Piano - stanza 3.09
	0552759724
	alessandro.giannozzi(AT)unifi.it

Avvisi

Workshop in Corporate Finance - Dr. Lorenzo Parrini (Deloitte Financial Advisory) - Class Schedule

The workshop will be scheduled in the last 5 weeks of the semester. April 29, 2025 – 10.15-13.30 room d6/004 May 6, 2025 – 10.15-13.30 room d6/004 May 13, 2025 – 10.15-13.30 room d6/004 May 20, 2025 – 10.15-13.30 room d6/004 May 27, 2025 – 10.15-13.30 room d6/004 May 29, 2025 – 14.00-17.00

Alessandro GIANNOZZI

Orario di ricevimento (aggiornato al 05/03/2025)

VENERDI' 13:30

Stanza 3.09 (terzo piano D6) o skype (skypename: alegianno)

Alessandro GIANNOZZI

Biografia

Professore di Finanza Aziendale presso Unifi dal 2019. Prima di tale incarico è stato RTDB per il Unifi e RTDA presso Link Campus University-Roma. E' autore di numerosi pubblicazioni su riviste internationali (Journal of Banking and Finance, Journal of Empirical Finance, Journal of Small Business Management, Long Range Planning, ect) sui temi del rischio di credito, rischio sistemico e liquidity risk. E' co-organizzatore dell'International Risk Management Conference, una conferenza internazionale di primaria rilevanza sui temi della gestione dei rischi finanziari.

Alessandro GIANNOZZI

Curriculum

EDUCATION AND TRAINING

2010 - Ph.D in Finance at School of Finance – University of Trieste (Italy)

2004 - Degree in Economics (110 cum laude) at University of Florence – Italy

ACADEMIC POSITION

2019 – today – Associate Professor of Finance at the University of Florence

2020 – Qualified Full Professor of Finance

2020-today - Director of MSc in Finance and Risk Management at the University of Florence

10/2016-2018 – Assistant Professor (Tenure Track) in Corporate Finance at University of Florence

11/2014-09/2016 – Assistant Professor in Corporate Finance Link Campus University, Via Nomentana 335, Roma

2011-2014 Research Fellow in Corporate Finance at the University of Florence

SELECTED PUBLICATIONS

PAPERS

GIANNOZZI A., SRHOJ S., BALZANO M., ALTMAN E.I. (2023). The Omega Score: An improved tool for SME default predictions. Journal of the International Council for Small Business. DOI: 10.1080/26437015.2023.2186284

GIANNOZZI A., SRHOJ S., BALZANO M., ALTMAN E.I. (2022). Revisiting SME default predictors: The Omega Score. DOI: 10.1080/00472778.2022.2135718.Journal of Small Business Management

GIANNOZZI A., ANDERSEN T.J., SAX J., (2021). Conjoint effects of interacting strategy-making processes and lines of defense practices in strategic Risk Management: An empirical study. Long Range Planning, https://doi.org/10.1016/j.lrp.2021.102164, ISSN 0024-6301

GIANNOZZI A., CIAMPI F., MARZI G., ALTMAN E.I. (2021), Rethinking SME default prediction: a systematic literature review and future perspectives. DOI:10.1007/s11192-020-03856-0. pp.1-48. In Scientometrics - ISSN:0138-9130

GIANNOZZI A., CIPOLLINI F., MENCHETTI F., ROGGI O. (2020), The beauty contest between systemic and systematic risk measures: Assessing the empirical performance, Journal of Empirical Finance, https://doi.org/10.1016/j.jempfin.2020.06.005, Volume/Issue 58C, pp. 316-332

GIANNOZZI A.; CIPOLLINI F.; MENCHETTI F.; ROGGI O. (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

GIANNOZZI A.; ROGGI O.; BAGLIONI T. (2017), Valuing emerging markets companies: new approaches to determine the effective exposure to country risk, Research in International Business and Finance, Vol. 39, pp. 553-567, ISSN 0275-5319

GIANNOZZI A.; ROGGI O. (2015), Fair value disclosure, liquidity risk and stock returns, Journal of Banking & Finance, n. 58, pag. 327-342

GIANNOZZI A., ROGGI O., MIBELLI L. (2013). COCO-bonds, conversion prices and risk shifting incentives. How does the conversion ratio affect management’s behavior?, Financial Markets, Instruments and Institutions, Vol. 22/2, ISSN 1468-0416

GIANNOZZI A., CIOLI V., IPPOLITI V., ROGGI O. (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

GIANNOZZI A.; BAGLIONI T.; ROGGI O.; 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

GIANNOZZI A., CIOLI V., ROGGI O., FARGION R. (2019), Le determinanti nella decisione di rinuncia all'IPO. Un'analisi empirica sul mercato azionario italiano. DOI:10.1435/93957. pp.79-112. In BANCA IMPRESA SOCIETÀ - ISSN:1120-9453.

GIANNOZZI A.; ROGGI O.; FOGLIA MANZILLO V.; VITTORIOSO G. (2019), Alternative performance measures: an assessment after ESMA Guidelines, Corporate Ownership and Control journal, 17(1), pag. 50-59, DOI:10.22495/cocv17i1art5, ISSN: 1727-9232.

GIANNOZZI A.; ROGGI O.; BAGLIONI T. (2016), Firm valuation in emerging markets and the exposure to country risk, Global Journal of Management and Business Research (C), Vol. 16, n. 1, pp. 1-19, ISSN 2249-4588

GIANNOZZI A.; CIOLI V. (2014), Banche di credito cooperativo come leva di stabilità finanziaria. Un’analisi comparata con le banche commerciali, Economia e Diritto del Terziario, n. 2, pp. 239-268, ISSN 1593-9464

GIANNOZZI A., ROGGI O., ALTMAN E.I., SABATO G. (2013), Building SME rating. Is it necessary for lenders to monitoring financial statements of the borrowers?; Bancaria-Sezione Forum (peer-reviewed), n. 10, ISSN 0005-4623

GIANNOZZI A., CIOLI V. (2013), Basilea 3 e la stabilità finanziaria delle banche. Quale relazione con la dimensione della banca?, Economia e Diritto del Terziario, n. 2, ISSN 1593-9464

GIANNOZZI A.; CIOLI V. (2013), Banche di credito cooperativo e stabilità finanziaria. Un’analisi comparata con le banche commerciali, in AA.VV. (2013), The firm’s role in the economy, Cacucci editore, ISBN 9788866112945

GIANNOZZI A.; Roggi O. (2013), Fair value disclosure, liquidity risk and stock returns, in AA.VV. (2013), The firm’s role in the economy, Cacucci editore, ISBN 9788866112945

GIANNOZZI A., ROGGI O. (2009), Predicting SME default risk. Does regional model make sense?; International Journal of Business and Economics, Fall 2009, Vol. 8, n. 1, ISSN 1543-1614

GIANNOZZI A.; ROGGI O. (2009), Company distress in the fashion/textile industry. Questing for discriminant variables, in CELANT A., ITURRALDE JAINAGA T. (a cura di), (2009), Creativity and survival of the firm under uncertainty,European Academic Publishers, Madrid, ISBN 978-84-692-5174-4

BOOKS AND CHAPTERS IN BOOKS

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

GIANNOZZI A. (2013), Fair value disclosure, rischio di liquidità e rendimenti azionari. Un’analisi empirica sulle imprese europee finanziarie e non finanziarie, Franco Angeli, Milano, ISBN 978-88-204-5827-0

GIANNOZZI A., ROGGI O. (2015), “Credit risk, default and borrowing costs”, in Roggi O. (2015), Risk, Value and Default, World Scienfific Press, ISBN 978-981-4641-71-5 – DOI: 10.1142/9430

GIANNOZZI A., ROGGI O. (2015), “Company default and discriminant variables for SME”, in Roggi O. (2015), Risk, Value and Default, World Scienfific Press, ISBN 978-981-4641-71-5 – DOI: 10.1142/9430

GIANNOZZI A., ROGGI O. (2015), “Default risk and discriminant methodologies for SME”, in Roggi O. (2015), Risk, Value and Default, World Scienfific Press, ISBN 978-981-4641-71-5 – DOI: 10.1142/9430

GIANNOZZI A., ROGGI O. (2012), SME rating: Risk globally, measure locally, pag. 281-306 in ALTMAN E.I., ROGGI O. (2012), Managing and Measuring Risk. Emerging Global standards and Regulation after the financial crisis, World Scientific Publishing, Singapore.

GIANNOZZI A.; ROGGI O. (2009), Il rischio d’impresa in ROGGI O. (a cura di) (2009); Finanza Aziendale. La gestione del rischio d'impresa, la finanza evoluta e la crisi dei mercati finanziari. Letture critiche, Franco Angeli, Milano.

GIANNOZZI A. (2008), “I modelli di scoring basati sull’analisi discriminante lineare, univariata o multivariata” pp. 163 -170 in ROGGI O. (2008), Rischio d’impresa, valore e insolvenza, Franco Angeli.

GIANNOZZI A. (2008), “L’analisi esplorativa” p. 183-187 in ROGGI O. (2008), Rischio d’impresa, valore e insolvenza, Franco Angeli.

SOFTWARE SKILLS

High level skills on R software and STATA

OTHER ACADEMIC ACTIVITIES

2008-today – Co-Organizer of the “International Risk Management Conference” and Member of the Scientific Committee, leading conference in the risk management area and banking

2011-2013 Referee for the journal Financial Markets, institutions and instruments, Journal of Banking and Finance, Quarterly Journal of Finance, Financial Reporting, Journal of Risk Governance and Control, Management Decisions, Journal of Small business management

Alessandro GIANNOZZI

Interessi

Credit risk modelling, stock returns and information disclosure, bank's financial stability

Alessandro GIANNOZZI

Pubblicazioni

Legenda

Contributo su rivista |

Articolo su libro |

Libro |

Contributo in atti di convegno (proceeding) |

Brevetto |

Curatela | Altro

Altro |

Tesi di Dottorato

Cioli, Valentina; Bianchini, Roberto; Giannozzi, Alessandro; Roggi, Oliviero (2024). Does Greenium Exist? A Comparison between Sovereign and Corporate Bonds. INTERNATIONAL JOURNAL OF BUSINESS AND MANAGEMENT, vol. 19, pp. 251-272, ISSN:1833-8119 DOI Accesso ONLINE all'editore

alessandro giannozzi; Stjepan Srhoj; Vanja Vitezic; Josip Mikulic (2024). Tourism SME default: A note on predictors. TOURISM MANAGEMENT, vol. 103, pp. 1-5, ISSN:0261-5177

alessandro giannozzi, edward altman, marco balzano, eric liguori, stjepan shroj (2024). Bouncing back to the surface: Factors determining SME recovery. JOURNAL OF SMALL BUSINESS MANAGEMENT, pp. 1-29, ISSN:0047-2778

Cioli, Valentina; Giannozzi, Alessandro; Pescatori, Lucrezia; Roggi, Oliviero (2023). Are environmental, social and government factors incorporated in the credit ratings?. RISK GOVERNANCE & CONTROL: FINANCIAL MARKETS & INSTITUTIONS, vol. 13, pp. 22-32, ISSN:2077-4303 DOI Accesso ONLINE all'editore

Alessandro Giannozzi; Edward I. Altman; Stjepan Srhoj; Marco Balzano (2023). The Omega Score: An improved tool for SME default predictions. JOURNAL OF THE INTERNATIONAL COUNCIL FOR SMALL BUSINESS, pp. 1-12, ISSN:2643-7023 DOI Accesso ONLINE all'editore

Cioli, Valentina; Giacomo, Tronconi; Giannozzi, Alessandro; Roggi, Oliviero (2022). Stock Liquidity and Corporate Investment Policy after FTSE 100 Index Additions. INTERNATIONAL JOURNAL OF BUSINESS AND MANAGEMENT, vol. 17, pp. 0-0, ISSN:1833-8119 DOI Accesso ONLINE all'editore

Alessandro Giannozzi, Stjepan shroj, Edward I. Altman, Marco Balzano (2022). Revisiting SME default predictors: The Omega Score. JOURNAL OF SMALL BUSINESS MANAGEMENT, pp. 1-35, ISSN:0047-2778 DOI

alessandro giannozzi, torben juul andersen, Johanna Sax (2021). Conjoint effects of interacting strategy-making processes and lines of defense practices in strategic Risk Management: An empirical study. LONG RANGE PLANNING, pp. 1-21, ISSN:0024-6301 DOI

Francesco Ciampi, Alessandro Giannozzi, Giacomo Marzi, Edward I. Altman (2021). Rethinking SME default prediction: a systematic literature review and future perspectives. SCIENTOMETRICS, vol. 126, pp. 2141-2188, ISSN:0138-9130 DOI Accesso ONLINE all'editore

CIOLI VALENTINA; GIANNOZZI ALESSANDRO; ROGGI OLIVIERO; LORENZO ANDREA COLONNA (2021). Corporate green bond and stock price reaction. INTERNATIONAL JOURNAL OF BUSINESS AND MANAGEMENT, vol. 16, pp. 0-0, ISSN:1833-3850 Accesso ONLINE all'editore

Cioli, Valentina; Giannozzi, Alessandro; Ippoliti, Valentina; Roggi, Oliviero (2020). Cross-Border M&A and Financial Performance: Empirical Evidence on Bidder/Target Companies. INTERNATIONAL JOURNAL OF BUSINESS AND MANAGEMENT, vol. 15, pp. 67-86, ISSN:1833-8119 DOI Accesso ONLINE all'editore

Fabrizio Cipollini, Alessandro Giannozzi, Fiammetta Menchetti, Oliviero Roggi (2020). The beauty contest between systemic and systematic risk measures:Assessing the empirical performance. JOURNAL OF EMPIRICAL FINANCE, vol. 58C, pp. 316-332, ISSN:0927-5398 DOI

Giannozzi A., Roggi O., Baglioni T., Pagliai F. (2019). Private equity characteristics and performance: An analysis of North American venture capital and buyout funds. ECONOMIC NOTES, pp. 1-17, ISSN:1468-0300

Valentina CIOLI, Alessandro GIANNOZZI, Oliviero ROGGI, Ruben FARGION (2019). Le determinanti nella decisione di rinuncia all'IPO. Un'analisi empirica sul mercato azionario italiano. BANCA IMPRESA SOCIETÀ, pp. 79-112, ISSN:1120-9453 DOI Accesso ONLINE all'editore

a. giannozzi, o. roggi, g. vittorioso, v. foglia manzillo (2019). Alternative Performance Measures: an assessment after ESMA Guidelines. CORPORATE OWNERSHIP & CONTROL, vol. 17, pp. 50-59, ISSN:1727-9232 DOI Accesso ONLINE all'editore

Alessandro Giannozzi, Oliviero Roggi, Fabrizio Cipollini, Fiammetta Menchetti (2018). Financial companies’ failures: early warning information from systematic and systemic risk measures,. THE QUARTERLY JOURNAL OF FINANCE, vol. 8, pp. 1-20, ISSN:2010-1392 DOI

Roggi, Oliviero; Giannozzi, Alessandro; Baglioni, Tommaso (2017). Valuing emerging markets companies: new approaches to determine the effective exposure to country risk. RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, vol. 39, pp. 553-567, ISSN:0275-5319

Roggi, Oliviero; Giannozzi, Alessandro (2017). Indagine sulla situazione economico-finanziaria e il rating delle imprese della Provincia di Pistoia. Roma: Aracne, ISBN:978-88-255-0024-0

Roggi, Oliviero; Giannozzi, Alessandro; Baglioni, Tommaso (2016). Firm valuation in emerging markets and the exposure to country risk. GLOBAL JOURNAL OF MANAGEMENT AND BUSINESS RESEARCH, vol. 16, pp. 10-30, ISSN:0975-5853

Roggi, Oliviero; Giannozzi, Alessandro (2015). Company default and discriminant variables for SME. In: Oliviero Roggi. Risk, Value and Default, pp. 103-120 World Scientific Press, ISBN:978-981-4641-71-5.

Roggi, Oliviero; Giannozzi, Alessandro (2015). Default risk and discriminant methodologies for SME. In: Oliviero Roggi. Risk, Value and Default, pp. 121-133 World Scientific Press, ISBN:978-981-4641-71-5.

Roggi, Oliviero; Giannozzi, Alessandro (2015). Fair value disclosure, liquidity risk and stock returns. JOURNAL OF BANKING & FINANCE, vol. 58, pp. 327-342, ISSN:0378-4266

Roggi, Oliviero; Giannozzi, Alessandro (2015). Credit risk, default and borrowing costs. In: Oliviero Roggi. Risk, Value and Default, pp. 75-101 World Scienfific Press, ISBN:978-981-4641-71-5.

Valentina Cioli; Alessandro Giannozzi (2014). Banche di credito cooperativo come leva di stabilità finanziaria. Un’analisi comparata con le banche commerciali. ECONOMIA E DIRITTO DEL TERZIARIO, pp. 239-268, ISSN:1593-9464 DOI

O. Roggi; A. Giannozzi; L. Mibelli (2013). Coco-bonds, conversion prices and risk shifting incentives. How does the conversion ratio affect management's behaviour?. FINANCIAL MARKETS, INSTITUTIONS & INSTRUMENTS, vol. 22/2, pp. 143-170, ISSN:0963-8008

Valentina Cioli; Alessandro Giannozzi (2013). Basilea 3 e la stabilità finanziaria delle banche: quale relazione con la dimensione della banca?. ECONOMIA E DIRITTO DEL TERZIARIO, vol. 2, pp. 261-286, ISSN:1593-9464

Valentina Cioli; Alessandro Giannozzi (2013). Banche di credito cooperativo e stabilità finanziaria. Un’analisi comparata con le banche commerciali. In: The firm's role in the economy: does a growth-oriented business model exist?, Lecce, 19-20-21 settembre 2013, Cacucci, pp. 1-30, ISBN:9788866112945

Alessandro Giannozzi (2013). Fair value disclosure, rischio di liquidità e rendimenti azionari. Un’analisi empirica sulle imprese europee finanziarie e non finanziarie. EDIZIONI FRANCO ANGELI, ISBN:9788820458270

Oliviero Roggi; Alessandro Giannozzi; Edward Altman; Gabriele Sabato (2013). Building SME rating. Is it necessary for lenders to monitoring financial statements of the borrowers?. BANCARIA, vol. 10, pp. 1-18, ISSN:0005-4623

Oliviero Roggi; Alessandro Giannozzi (2013). Fair value disclosure, liquidity risk and stock returns. In: AIDEA, Lecce, settembre 2013, Cacucci Editore, pp. 120-140, ISBN:9788866112945

O. Roggi; A. Giannozzi (2012). SME rating. Risk globally, measure locally.. In: O. Roggi, E. Altman. Measuring and managing risk. Emerging global standards and regulation after the financial crisis, pp. 281-305, Singapore: WORLD SCIENTIFIC PUBL CO PTE LTD, ISBN:9789814417495.

O. Roggi; A. Giannozzi (2009). Il Rischio d'impresa. In: O. Roggi. Finanza Aziendale. La gestione del rischio d'impresa, la finanza evoluta e la crisi dei mercati finanziari, pp. 15-62, Milano: Editore Franco Angeli, ISBN:9788856814408.

O. Roggi; A. Giannozzi (2009). Predicting small and medium enterprises default risk. Do regional models make sense?. INTERNATIONAL JOURNAL OF BUSINESS & ECONOMICS, vol. 8, pp. 199-213, ISSN:1543-1614

O Roggi; A. Giannozzi (2009). Building SME rating. A comparison between accounting and non accounting model in the Italian market. In: International Risk Management Conference 2009 - Università Ca' Foscari di Venezia, Venezia, Summer, Università di Venezia e The Risk Banking and Finance Society, pp. 1-23.

O Roggi; A. Giannozzi (2009). Company distress in the fashion/textile industry. Questing for discriminant variables. In: A. CELANT, T. ITURRALDE JAINAGA. Creativity and survival of the firm under uncertainty, pp. 155-170, Madrid: AEDEM, ISBN:9788469251744.

O. Roggi; A. Giannozzi (2007). Testing discriminant methodologies on general and industry specific Italian company models. In: Small Business Banking and Financing: a global perspective - Università di Cagliari, Cagliari, Maggio 2007, University of Cagliari, pp. 70-95.

O.Roggi; A. Giannozzi (2007). Basel II Associazioni. Accesso ONLINE all'editore

O. Roggi; A. Giannozzi (2006). Procofit kit - Kit per la consapevolezza finanziaria delle imprese toscane. Accesso ONLINE all'editore

Alessandro GIANNOZZI

Biography

Alessandro Giannozzi is Associate Professor of Corporate Finance at University of Florence since 2019. He has been assistant professor of Corporate Finance at Link Campus University and Univesity of Florence (Tenure Track Assistant Professor). He authored several papers published in international journals (journal of Banking and finance, journal of Empirical Finance, Journal of Small Business Management, ect) related to credit risk, systemic risk and financial stability. He is co-organizer of the International Risk Management Conference, leading academic conference in the risk management field.