Faculty & Research

Giacinta Cestone

    www.cass.city.ac.uk/experts/G.Cestone

Position(s):

Reader in Finance

Qualifications:

MSc (Bocconi), PhD (Toulouse)

Faculty:

Finance

Expertise:

Corporate Finance, Corporate Governance, and Industrial Organization

Telephone:

+44 (0) 20 7040 4188

Fax:

+44 (0) 20 7040 8881

Room:

5070

E-mail:

giacinta.cestone.1@city.ac.uk

URL:

ww.cass.city.ac.uk/experts/G.Cestone

Background

Giacinta Cestone obtained a PhD in Economics from the University of Toulouse (France). She has previously held research and teaching positions in various institutions such as the Institute for Economic Analysis (IAE, Barcelona), the University of Salerno (Italy) and Queen Mary, University of London. Her research interests are in the areas of Corporate Finance, Corporate Governance, and Industrial Organisation.

In her research Giacinta Cestone has investigated the interaction between corporate finance and product market competition. Her paper "The Deep Pocket Effect of Internal Capital Markets" provides empirical evidence that affiliation with a cash-rich group represents a source of competitive strength for manufacturing firms. Giacinta is currently working on a project analysing the interplay between internal capital and labour markets in business groups. This research project, joint with C. Fumagalli, F. Kramarz and G. Pica, is the recipient of one of the AXA Grants-2012 Campaign and of a Leverhulme Trust Research Project Grant. Giacinta has also contributed to the literature on venture capital financing; in ongoing work, she analyses how double-sided asymmetric information shapes venture capital syndication deals. In a earlier paper, she provides a model to determine the optimal allocation of cash flow and control rights in venture capital deals. She has also studied the relationship between corporate social responsibility and corporate governance. Giacinta has published her articles in the Review of Finance, the Journal of Financial Economics, the Journal of Finance, the Rand Journal of Economics, and the Journal of Economics and Management Strategy. She is a member of the Economic Advisory Group on Competition Policy (DG Competition, EU), a research associate of the European Corporate Governance Institute (ECGI) and a research fellow of CSEF.

Additional Languages

Spanish. French, Italian.

CV