Prof. Alberto Plazzi

Alberto Plazzi is Professor of Finance at the Università della Svizzera italiana and acts as academic director for the USI Master's in Finance. Professor Plazzi is a regular speaker at finance conferences worldwide and his papers have been published in top academic journals.

In a recent paper, Professor Plazzi and his co-authors use equity holdings of primary dealers, pension funds, banks, and insurance companies to study their role in shaping the equity duration premium. In line with the predictions from a theoretical model with reinvestment risk, these intermediaries reduce demand for long-duration claims when their aggregate capital ratios are low. This result extends cross-sectionally, as better-capitalized institutions tilt their portfolios more strongly toward long-duration stocks. Shifts in intermediaries' preferences generate monotonic changes in expected returns across duration deciles, with larger effects when demand shocks operate at the holding-company level. Professor Plazzi actively participates in SFI Knowledge Exchange activities on the Swiss real estate market.

• Financial Markets
  • Financial Crises
  • Financial Forecasting
  • Information and Market Efficiency
  • International Financial Markets and Emerging Markets
• Portfolio Management and Asset Classes
  • Asset Pricing
  • Equities
  • Fixed Income
  • Portfolio Management
  • Real Estate