Daniele Macciocchi

Daniele Macciocchi is an Assistant Professor at the University of Miami Herbert Business School. His research interests focus on two main areas: (i) corporate governance, with particular emphasis on shareholder activism; and (ii) the role of information in shaping financial contracts and the interactions between different economic agents.

Macciocchi's research has been presented at numerous international and national conferences and has been published in the Review of Financial Studies, the Journal of Accounting Research and the Journal of Accounting & Economics. Media mentions to note include The Financial Times, Reuters, CNBC, Yahoo Finance, Wired Magazine, United Nations Principles for Responsible Investment, London Business School Review, Chicago Booth Review, Harvard Law School Forum on Corporate Governance and Financial Regulation, The Columbia Law School Blue Sky Blog.

Macciocchi is also an ad-hoc reviewer for the Review of Financial Studies, the Journal of Accounting Research, the Journal of Accounting & Economics, the Accounting Review, Management Science (Accounting and Finance), Review of Accounting Studies, Contemporary Accounting Research, and the European Accounting Review.

Research interests:

• Accounting, Corporate Governance, Corporate Finance

Education

• Post Doc Research Scholar The University of Chicago Booth School of Business (2014 — 2016)
• Doctor of Philosophy (PhD) LUISS Guido Carli University (2011 — 2014)
• Master's degree Libera Università Internazionale degli Studi Sociali Guido Carli (2008 — 2010)
• Bachelor's degree Libera Università Internazionale degli Studi Sociali Guido Carli (2005 — 2008)

Companies

• Assistant Professor University of Miami Herbert Business School (2020)
• Assistant Professor of Accounting University of Utah - David Eccles School of Business (2016 — 2020)
• Post-Doc Research Fellow University of Chicago Booth School of Business (2014 — 2016)
• Chartered Public Accountant and Auditor Fiori & Associati (2010 — 2016)
• Lecturer of IAS/IFRS and Financial Statement Analysis Università degli Studi Internazionali di Roma - UNINT (2012 — 2014)
• University Teaching and Research Assistant LUISS (2010 — 2014)
• Membro ItaliaUnits ItaliaCamp (2012 — 2013)
• Visiting PhD Student University of Miami School of Business Administration (2013 — 2013)
• University Teaching Assistant LUMSA (2012 — 2013)

Awards and Grants

• University of Miami, Provost’s Research Award for FY2022
• Journal of Accounting Research 2020 Excellence in Refereeing Award
• Best Reviewer Award, Hawaii Accounting Research Conference 2021
• Best Paper Award, University of Massachusetts Boston – EM Normandie Business School – Conference 2021
• LUISS University, Department of Business and Management, research grant for The effect of family ownership on CEO turnover and performance (2014 – 2016)

Peer-reviewed Publications

• Do index funds monitor? Review of Financial Studies (2021), with Davidson Heath, Roni Michaely, and Matthew Ringgenberg
  • Media Coverage: Financial Times on August 4, 2019; Harvard Law School Forum on Corporate Governance and Financial Regulation on July 2019; Principles for Responsible Investment Blog on June 11, 2021, IR Magazine on August 12, 2019.

• Financial Shocks to Lenders and the Composition of Financial Covenants. Journal of Accounting & Economics (2021), with Hans Christensen, Arthur Morris and Valeri Nikolaev
  • Media Coverage: Chicago Booth Review on May 18, 2018

• The Role of Disclosure and Information Intermediaries in an Unregulated Capital Market: Evidence from Initial Coin Offerings. Journal of Accounting Research (2021), with Thomas Bourveau, Emmanuel De George and Atif Ellahie
  • Media Coverage: Reuters on August 6, 2018; CNBC on August 6, 2018; Wired Magazine on October 3, 2018; Yahoo Finance on August 6, 2018; The Columbia Law School Blue Sky Blog on July 10, 2018; London Business School Review on August 8, 2018; Medium.com Blog on July 5, 2018; StrategicCoin.com Blog on July 5, 2018; Cryptonews.com on August 7, 2018; Fox 14 TV on August 6, 2018; Hawaii News Now on August 6, 2018; PR Newswire on August 6, 2018; Markets Insider on August 6, 2018; Khaleej Times on August 6, 2018.

Working Papers

• Insider Horizon and Disclosure Policies, with Brian Cadman and Mirko Heinle
  • Preparing for re-submission (3rd round), The Accounting Review

• Does Socially Responsible Investing Change Firm Behavior?, with Davidson Heath, Roni Michaely, and Matthew Ringgenberg
  • This paper won the University of Miami Provost’s Research Award for FY2022, and the Best Paper Award at the University of Massachusetts Boston – EM Normandie Business School – Research Conference 2021.

• Mutual Funds’ Reporting Frequency and Strategic Share Repurchases, with Thomas Bourveau, Xinlei Li and Chengzhu Sun

• Rugged Entrepreneurs: The Geographic and Cultural Contours of New Business Formation, with John Barrios and Yael Hochberg
  • This paper has been featured by the NBER.

• The Relative Salience of Accounting Information in the Governance of Family Firms, with Dhananjay Nanda and Yini Wang

Daniele Macciocchi is an Assistant Professor of Accounting at the David Eccles School of Business, University of Utah. He is also the Membership Committee Co-Chair of the International Accounting Section of the American Accounting Association, a member of the American Accounting Association, European Accounting Association. Daniele’s research focuses on the role of corporate disclosure and governance in capital markets. He investigates the link between a firm’s ownership structure and disclosure, information asymmetry and stock liquidity. He is also interested in the interaction between family characteristics and economic decisions. Born in Italy, Daniele Macciocchi earned his doctorate with an accounting concentration at LUISS University of Rome in Italy. Prior to this position, he was a postdoctoral Research Fellow at the University of Chicago Booth School of Business, a visiting doctoral fellow at the University of Miami, School of Business Administration, and a Lecturer of Financial Statement Analysis and International Accounting Standards at UNINT University of Rome, Italy. Furthermore, Daniele is a CPA and a Public Auditor. Education

Ph.D. in Management, Accounting concentration, LUISS University, Rome, 2014.

MSc in Business, Corporate Finance concentration (cum laude), LUISS University, Rome, 2010.

BS in Economics and Business (cum laude), LUISS University, Rome, 2008.

Research

Daniele’s research focuses on the role of corporate disclosure and governance in capital markets. He investigates the link between a firm’s ownership structure and disclosure, information asymmetry and stock liquidity. He is also interested in the interaction between family characteristics and economic decisions.

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