Stefano Ramelli
PhD Student at University of Zurich
SFI Faculty Member at Swiss Finance Institute
Schools
- Swiss Finance Institute
- University of Zurich
Links
Biography
University of Zurich
I am a PhD candidate in finance at the University of Zurich.
My main areas of research and expertise are corporate finance and governance, financial markets, climate and sustainable finance, and behavioral finance/economics.
I completed studies in business and economics in Milan (my hometown) and received an M.Sc. in economics from the University of Edinburgh. I have several years of professional experience in corporate governance analysis and socially responsible finance.
Publications
*Journal Article *
- Feverish Stock Price Reactions to COVID-19 Ramelli Stefano, Wagner Alexander F. In: Review of Corporate Finance Studies, Vol. 9, (3), p. 622-655, November 2020
*Working Paper *
- Where do institutional investors seek shelter when disaster strikes? Evidence from COVID-19 Ramelli Stefano, Wagner Alexander F., Glossner Simon, Matos Pedro Swiss Finance Institute Research Paper, No. 20-56, November 2020
- Low-carbon mutual funds Wagner Alexander F., Ceccarelli Marco, Ramelli Stefano Swiss Finance Institute Research Paper No. 19-13, No. 3353239, February 2020
- Climate Sin Stocks: Stock Price Reactions to Global Climate Strikes Ramelli Stefano, Ossola Elisa, Rancan Michela JRC Working Papers in Economics and Finance, No. JRC120974, January 2020
- Investor Rewards to Climate Responsibility: Evidence from the 2016 Climate Policy Shock Ramelli Stefano, Wagner Alexander F., Ziegler Alexandre, Zeckhauser Richard CEPR, No. 13206, July 2019
Swiss Finance Institute
Stefano Ramelli is Assistant Professor of Corporate Finance at the University of St.Gallen. Before joining the faculty in St.Gallen, Professor Ramelli worked for several years as an ESG analyst and research manager at Vigeo Eiris, Moody's ESG solutions rating unit.
Expertise
Professor Ramelli is focusing on how inflation impacts firm valuation, as inflation can significantly undermine a firm's relationships with its customers, employees, and other stakeholders by triggering a crisis of distrust. Recent US data shows that during a month of high inflation, equity investors rewarded firms with stronger corporate social responsibility (CSR) levels. Further results show that the inflation-hedging property of CSR is stronger in regions exposed to the "corporate greed" narrative of inflation, as well as for firms with higher customer awareness. Overall, these findings spotlight inflation as a crisis in stakeholder trust and provide new insights into the importance of social capital for firm value.
Videos
FutFinInfo Webinar with Kai Li (2022-04-20)
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