Chiarella, Carlo

Finance and Accounting

PhD: Bocconi University

Office: F6.4


Professor Chiarella, who has a Ph.D. in Finance from Bocconi University, is the Director of the Department of Finance and Accounting at CUNEF Universidad, as well as a Fellow at the BAFFI CAREFIN Centre for Applied Research on International Markets, Banking, Finance and Regulation. His fields of research are corporate finance and banking, especially in the contexts of capital markets, private equity and mergers and acquisitions. He has authored several articles in these areas, including publications in the Journal of Financial Econometrics, the Journal of International Financial Markets, Institutions & Money, the International Review of Economics and Finance and the International Review of Financial Analysis. He is also a contributing author and co-editor of two books on infrastructure finance published by Springer. He is the Lead Researcher in two projects sponsored by the Spanish Ministry of Science and Innovation.

Research IDs:

ORCID; Scopus; Google Scholar.


Ph.D. in Finance, Bocconi University (2014)

M.Sc. in Finance, Bocconi University (2007)

B.A. in International Economics and Management, Bocconi University (2004)

Research Interests

Corporate finance, banking and infrastructure finance.


Academic Fellow, Investment Banking and Structured Finance Unit, BAFFI CAREFIN Centre for Applied Research on International Markets, Banking, Finance and Regulation, Present

Visiting Ph.D. Student, NYU Stern School of Business, Finance Department, 2013

Publications in Scientific Journals

Caselli, Stefano; Gatti, Stefano; Chiarella, Carlo; Gigante, Gimede; Negri, Giulia: “Do shareholders really matter for firm performance? Evidence from the ownership characteristics of Italian listed companies”, International Review of Financial Analysis, 86, Art. 102544, 2023.

Chiarella, Carlo; Ostinelli, Diego: “Financial or strategic buyers: who is at the gate?”, International Review of Economics and Finance, 67, 393-407, 2020.

Chiarella, Carlo; Cubillas, Elena; Suárez, Nuria: “Bank recapitalization in Europe: informational content in the issuing method”, Journal of International Financial Markets, Institutions & Money, 63, Art. 101134, 2019.

Bianchi, Daniele; Chiarella, Carlo: “An Anatomy of Industry Merger Waves”, Journal of Financial Econometrics, 17(2), 153-179, 2019.

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