Portrait of Professor Sonia Falconieri

Professor Sonia Falconieri

Professor in Corporate Finance

Bayes Business School , Finance

Contact

About

Overview

Dr. Falconieri joined the faculty of Finance at in September 2009. Previously, she held academic positions in various institutions including the Einaudi Institute for Economic and Finance (EIEF) in Rome, the University of Amsterdam, Tilburg University, the University of Tor Vergata (Rome, Italy) and Brunel University (London). Her research interests are in Corporate Finance and Corporate Governance. Specifically, she has been working on the optimal design of Initial Public Offerings and, more recently, on gender diversity in Corporate Finance. Her articles have been published in some major journals such as the JEEA, the Review of Finance, and the Journal of Corporate Finance. Her recent work on gender quotas has been featured in numerous media outlets including People Management and Forbes. Dr Falconieri was also one of the contributors to the 2019 Hampton-Alexander review. Dr Falconieri received her Bachelor and Master degree in Economics from Bocconi University, Milan (Italy) and holds a PhD in Economics from the University of Toulouse (France).

Languages

English, French and Italian

Expertise

Primary topics

  • Corporate Finance
  • Corporate Governance
  • Financial Markets

Additional topics

  • Banking
  • Information & Market Efficiency
  • Venture Capital

Research

Research topics

corporate finance

Initial Public Offerings

Information Theory

mergers and acquisitions

Research students

Chiara De Amicis

Attendance: September 2016 - present, full-time

Thesis title: Essays in Corporate Finance

Role: 1st Supervisor

Emmanuel Pezier

Attendance: September 2016 - May 2021, full-time

Thesis title: Intermediaries in IPOs and shareholder activism

Role: 2nd Supervisor

Mesut Tastan

Attendance: September 2010 - December 2014, full-time

Thesis title: Essays on Initial Public Offerings

Role: 1st Supervisor

Lihang Chen

Role: 2nd Supervisor

Chen Xu

Role: 1st Supervisor

Lihang Chen

Publications

Chapter

  1. Falconieri, S. (2010). I Rapporti tra Sistema Finanziario e Imprese di Costruzione. In Macchiati, A. and Napolitano, G. (Eds.), È possibile realizzare le infrastrutture in Italia? Il Mulino. ISBN 9788815132826.

Journal articles (16)

  1. Bennouri, M., Falconieri, S. and Weaver, D. (2024). The cost of fragmentation: lessons from initial public offerings. The European Journal of Finance, 30(2), pp. 205-228. doi:10.1080/1351847x.2023.2206972

    [publisher’s website]

  2. Falconieri, S. and Akter, M. (2023). Gender Diversity and Beyond in Corporate Finance: Where Do We Stand? Review of Corporate Finance, 3(1-2), pp. 1-33. doi:10.1561/114.00000034

    [publisher’s website]

  3. De Amicis, C. and Falconieri, S. (2023). Managerial Diversity and Corporate Communication in Periods of Crisis. Review of Corporate Finance, 3(1-2), pp. 213-244. doi:10.1561/114.00000040

    [publisher’s website]

  4. De Amicis, C., Falconieri, S. and Tastan, M. (2021). Sentiment analysis and gender differences in earnings conference calls. Journal of Corporate Finance, 71, pp. 101809-101809. doi:10.1016/j.jcorpfin.2020.101809

    [publisher’s website]

  5. Bennouri, M., De Amicis, C. and Falconieri, S. (2020). Welcome on board: A note on gender quotas regulation in Europe. Economics Letters, 190, pp. 109055-109055. doi:10.1016/j.econlet.2020.109055

    [publisher’s website]

  6. Falconieri, S., Filatotchev, I. and Tastan, M. (2019). Size and diversity in VC syndicates and their impact on IPO performance. The European Journal of Finance, 25(11), pp. 1032-1053. doi:10.1080/1351847x.2018.1560345

    [publisher’s website]

  7. Falconieri, S. and Tastan, M. (2018). The role of admission documents on the pricing of UK fixed priced IPOs. Economics Letters, 173, pp. 44-46. doi:10.1016/j.econlet.2018.09.007

    [publisher’s website]

  8. Bennouri, M., Falconieri, S. and Kooli, M. (2017). Single versus multiple banking: lessons from initial public offerings. The European Journal of Finance, 23(10), pp. 841-858. doi:10.1080/1351847x.2015.1053149

    [publisher’s website]

  9. Calcagno, R. and Falconieri, S. (2014). Competition and the Dynamics of Takeover Contests. Journal of Corporate Finance, 26, pp. 36-56. doi:10.1016/j.jcorpfin.2014.02.003
  10. Arping, S. and Falconieri, S. (2010). Strategic versus financial investors: the role of strategic objectives in financial contracting. OXFORD ECONOMIC PAPERS-NEW SERIES, 62(4), pp. 691-714. doi:10.1093/oep/gpp038

    [publisher’s website]

  11. Falconieri, S., Murphy, A. and Weaver, D. (2009). Underpricing and Ex Post Value Uncertainty. Financial Management, 38(2), pp. 285-300. doi:10.1111/j.1755-053X.2009.01036.x

    [publisher’s website]

  12. Bennouri, M. and Falconieri, S. (2008). The optimality of uniform pricing in IPOs: An optimal auction approach. Review of Finance, 12(4), pp. 673-700. doi:10.1093/rof/rfn006

    [publisher’s website]

  13. Bennouri, M. and Falconieri, S. (2008). Optimal Rationing in IPOs with Risk Averse Institutional Investors. Rivista di Politica Economica, 95(4), pp. 3-29
  14. Bennouri, M. and Falconieri, S. (2006). Optimal auctions with asymmetrically informed bidders. Economic Theory, 28(3), pp. 585-602. doi:10.1007/s00199-005-0637-2

    [publisher’s website]

  15. Falconieri, S., Palomino, F. and Sakovics, J. (2005). La vendita dei diritti televisivi nel calcio: centralizzazione vs decentralizzazione. Rivista di Diritto ed Economia dello Sport, 1(3), pp. 67-88
  16. Falconieri, S., Sákovics, J. and Palomino, F. (2004). Collective versus individual sale of television rights in league sports. Journal of the European Economic Association, 2(5), pp. 833-862. doi:10.1162/1542476042782305

    [publisher’s website]

Scholarly editions (4)

  1. Bennouri, M., Falconieri, S. and Weaver, D. (2011). Trading Mechanism, Ex-post Uncertainty and IPO Underpricing.
  2. Calcagno, R. and Falconieri, S. (2008). White Knights and the Corporate Governance of Hostile Takeovers.
  3. Bennouri, M. and Falconieri, S. (2001). Price versus Quantity Discrimination in Optimal IPOs.
  4. Arping, S. and Falconieri, S. Strategic versus Financial Investors: The Role of Strategic Objectives in Financial Contracting.

Working papers (4)

  1. Bennouri, M., Falconieri, S. and Weaver, D. (2024). The cost of fragmentation: lessons from initial public offerings.
  2. Falconieri, S., Sebahattin, D., Matanova, N. and Tastan, M. Lengthy Disclosure and Legal Jargon: Do They Benefit Foreign IPOs.
  3. Falconieri, S., De Amicis, C. and bennouri, M. Women on Board: A pan-European comparison of gender balance initiatives and their impact on board structure and firm performance.
  4. Falconieri, S., De Amicis, C. and Tastan, M. Foreign Executives and the Tone of Earnings Conference Calls.

Professional activities

Editorial activity (2)

  1. European Journal of Finance, Associate Editor, September 2013 - present.
  2. European Journal of Finance, Associate Editor, 2013 - present.

Events/conferences (6)

  1. 2019 Southern Finance Association Meeting. (Conference) Orlando, Florida (2019).
    Paper: Sentiment Analysis and Gender Differences in Earnings Conference Calls
    Author: De Amicis C.
    Co-authors: Falconieri S., Tastan M.
  2. (Seminar) Skema BS, Lille (2010). Invited speaker.
    Paper: Competition and Dynamics of Takeover Contests
    Author: Falconieri S.
    Co-authors: R. Calcagno
  3. (Seminar) EM Lyon (2010). Invited speaker.
    Paper: Competition and Dynamics of Takeover Contests
    Author: Falconieri S.
    Co-authors: R. Calcagno
  4. (Public lecture) Forli (2010). Invited speaker.
    Paper: PPP: An Overview
    Author: Falconieri S.
  5. ESSFM Meeting. (Workshop) Gerzensee (2010). Invited speaker.
    Paper: Competition and Dynamics of Takeover Contests
    Author: Falconieri S.
    Co-authors: R. Calcagno
  6. CEF conference. (Conference) City University, London (2010). Invited speaker.
    Paper: Trading Mechanism, Ex-post Uncertainty and IPO Underpricing
    Author: Falconieri S.
    Co-authors: M. Bennouri, D. Weaver

Media appearances (4)

  1. (2017) Snapchat beats expectations with its IPO but big challenges lie ahead (website).
  2. (2017) L'IPO de Snapchat est un succes (website).
  3. Ban on break fees could harm takeover competition. (2011) www.prlog.org (website).
  4. (2011) Financial Times (newspaper).

Other

  1. Senior Fellow of the Higher Education Academy .