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Erasmo Giambona

Erasmo Giambona

Professor of Finance
Falcone Chair in Real Estate
Director, James D. Kuhn Center for Real Estate

Room: 640
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Ph D, University of Connecticut

Erasmo Giambona is the Michael J. Falcone Chair in Real Estate, and serves as director of the James D. Kuhn Real Estate Center. His research and teaching interests focus on corporate finance and real estate. Prior to coming to the Whitman School, Giambona served as a tenured associate professor of finance and real estate at the University of Amsterdam in The Netherlands. He has been a visiting professor at Yale University, University of Southern California, and Bocconi University (Milan, Italy). He has published numerous papers in the areas of corporate finance and real estate and his research has been featured in premier finance and real estate journals.

Research Topics

  • Corporate Finance and Real Estate

Real Estate Capital Markets (undergraduate and graduate)
Real Estate Finance (undergraduate and graduate)
Corporate Finance (Ph.D. level course)

Corporate Finance and Real Estate

Working Papers
  • "Hedging and Competition", (with Kumar, A., Phillips, G.)
  • "Sourcing Strategy and Corporate Performance: Evidence from the Covid-19 Supply Chain Disruption", (with Aral, K., Lopez Aliouchkin, R.)
Selected Publications
  • "Do Firms Purposefully Change Capital Structure? Evidence from an Investment-Opportunity Shock to Drug Firms", Journal of Financial and Quantitative Analysis, 2021 (with Golec, J., Lopez de Silanes, F.)
  • "Derivatives Supply and Corporate Hedging: Evidence from the Safe Harbor Reform of 2005", Review of Financial Studies, Volume 33(Issue 11), Pages 5015–5050, 2020 (with Wang, Y.)
  • "A View Inside Corporate Risk Management", Management Science, 65(11), 2019 (with Bodnar, G., Graham, J., Harvey, C.)
  • "Real Assets and the Limits of Debt Capacity: Theory and Evidence", Real Estate Economics, 46(4), 2018 (with Mello, A., Riddiough, T.)
  • "The Management of Political Risk", Journal of International Business Studies, 48(4), 2017 (with Graham, J., Harvey, C.)
  • "Short-Term and Long-Term Discount Rates for Real Estate Investment Trusts", Journal of Real Estate Finance and Economics (with Giaccotto, C., Zhao, Y.)

Awards and Honors

  • Financial Management - Best Paper Award - First Place - Financial Management (2020)
  • Whitman’s Senior Faculty Research Award - Syracuse University - Whitman (2020)

Media Placements

Hedge Fund Activists Might Just Be Good Stock Pickers , Institutional Investor 7.22.90