Loriano Mancini
SFI Faculty Member, Professor of Finance, Università della Svizzera italiana
Loriano Mancini is Professor of Finance at the Università della Svizzera italiana. Before joining the Università, Professor Mancini held positions at Princeton University and the École Polytechnique Fédérale de Lausanne. He has published papers in the top academic journals in finance and is a regular speaker at leading conferences and workshops worldwide.
Expertise
Professor Mancini studies how cash flow shocks impact corporate behavior. His innovation is to decompose such shocks into permanent and transitory groups. Decades of US data covering publicly traded firms reveals that most firms' cash flows are subject to permanent shocks, that the correlation between long-lived and short-lived shocks is variable, and that a firm's exposure to cash flow risks is determined mainly by its degree of corporate liquidity as well as by its financing choices. Since both permanent and temporary shocks follow a factor model, further attention from investors could prove valuable.
Expertise Fields
- Financial Markets
- Financial Crises
- Portfolio Management and Asset Classes
- Asset Pricing
- Equities
- Options and Other Derivatives
- Financial Institutions
- Banks