Francesco Sangiorgi

Francesco Sangiorgi is Associate Professor of Finance at Frankfurt School of Finance & Management. He was previously Associate Professor of Finance (with tenure) at the Stockholm School of Economics. He received his Ph.D. in Economics from Universitat Pompeu Fabra in Barcelona and an undergraduate degree in Economics from LUISS University in Rome.

Francesco Sangiorgi works primarily on the economics of information as applied to financial markets. His research questions span topics in asset pricing, market microstructure, information intermediation, and the interplay between financial markets and corporate decision making. His publications have appeared in leading journals in Economics, Finance, and Management including the Review of Economic Studies, Review of Financial Studies, and Management Science.

He has taught courses in financial economics, asset pricing and investment management in Master of Science, Ph.D., and executive programs at the Stockholm School of Economics and London School of Economics. He has held visiting positions at the Wharton School of the University of Pennsylvania, the London School of Economics, and the Einaudi Institute for Economics and Finance.

Research Interests

• Financial Economics, Information Economics.

Education

• Doctor of Philosophy (PhD) Universitat Pompeu Fabra (2001 — 2007)
• Laurea LUISS Business School (1996 — 2000)
• symmys

Publications

• “Hysteresis in price efficiency and the economics of slow moving capital,” Review of Financial Studies, 34, 2857–2909 (2021), with James Dow and Jungsuk Han.
• “Searching for Information,” Journal of Economic Theory 175, 342-373 (2018), with Jungsuk Han.
• “The Economics of Credit Rating Agencies,” Foundations and Trends in Finance 12, 1-116 (2017), with Chester Spatt.
• “Opacity, Credit Rating Shopping and Bias,” Management Science 63, 4016-4036 (2017), with Chester Spatt.
• “Uncertainty, Information Acquisition and Price Swings in Asset Markets,” Review of Economic Studies 82, 1533-1567 (2015), with Antonio Mele.
• “Models of Credit Ratings Failures,” in Rivista di Politica Economica, January-March 2014 (invited paper).
• “Information Sales and Strategic Trading,” Review of Financial Studies 24, 3069-3104 (2011), with Diego Garcia.
• “Overconfidence and Market Efficiency with Heterogeneous Agents,” Economic Theory 30, 313-336 (2007), with Diego Garcia and Branko Urosevic.
• “Asset Pricing in New Keynesian Monetary Models,” in Monetary Policy and Institutions, Luiss University Press, 2006, with Sergio Santoro.