Lecturer in Finance
Finance and Accounting Group
I joined the Finance and Accounting Group at Aston Business School as a Lecturer in Finance in September 2008. In the academic year 2007-2008, I was an academic member of the Accounting & Finance Group at Manchester Business School. I have a PhD in Finance from Manchester Business School. In my PhD thesis, I examined the determinants of Italian open market stock repurchases and the effects of these transactions on several measures of market quality. I also obtained an MSc in Finance from the University of Essex (Colchester, the United Kingdom) and a BA in Business Management from Universita’ Politecnica delle Marche (Ancona, Italy).
Research Interests
My research interests include: Corporate Finance, Corporate Governance, Market Microstructure, Interface between Corporate Finance and Market Microstructure, Share Repurchases, Dividend Policy, Managerial Opportunism, Executive Compensation.
Publications
De Cesari, A., Espenlaub, S., Khurshed, A., 2011, “Stock Repurchases and Treasury Share Sales: Do They Stabilize Price and Enhance Liquidity?”, Journal of Corporate Finance, Volume 17, Issue 5, 1558-1579.
Siems, M., De Cesari, A., 2012, “The law and finance of share repurchases in Europe”, Journal of Corporate Law Studies, Volume 12, 33-57.
De Cesari, A., 2012, “Expropriation of minority shareholders and payout policy”, forthcoming in The British Accounting Review.
De Cesari, A., Espenlaub, S., Khurshed, A., Simkovic, M., 2012, “The effects of ownership and stock liquidity on the timing of repurchase transactions”, forthcoming in the Journal of Corporate Finance.
Conferences
FinLawMetrics, Milan, Italy, 2011.
European Financial Management Association (EFMA) Annual Meeting, Aarhus, Denmark, 2010.
Financial Management Association (FMA) Annual Meeting, New York, USA, 2010.
World Finance Conference, Viana do Castelo, Portugal, 2010.
European Financial Management Association (EFMA) Annual Meeting, Milan, Italy, 2009.
Financial Management Association (FMA) Annual Meeting, Reno, USA, 2009.
Financial Management Association (FMA) Annual Meeting, Orlando, USA, 2007.
European Financial Management Association (EFMA) Annual Meeting, Vienna, Austria, 2007.
European Financial Management Association (EFMA) Doctoral Seminar, Madrid, Spain, 2006.
Teaching
At Aston Business School I am teaching the following undergraduate modules:
BF3314 Derivatives
BF3351 Finance
At Manchester Business School I was involved in the teaching of the following modules:
Financial Decision Making (undergraduate)
Foundations of Finance (undergraduate)
Empirical Finance (undergraduate)
Corporate Finance (postgraduate)
