People

Dr Stefano Filomeni

Lecturer
EBS - Finance
Dr Stefano Filomeni
  • Email

  • Telephone

    +44 (0) 1206 876634

  • Location

    EBS.1.11A, Colchester Campus

  • Academic support hours

    You can find details of Academic Support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911

Profile

Biography

I am a Lecturer in the Finance Group of Essex Business School (University of Essex). After receiving a Bachelor’s Degree (Business Administration) and a Master of Science (International Management) at Bocconi University (Milan, Italy), I pursued a challenging path that combined managerial experience in banking with a rigorous doctoral program. I felt that this combination would best prepare me to pursue my passion for an academic career in finance. On the one hand, before joining Essex Business School in October 2017 I had worked for the Intesa Sanpaolo Banking Group since 2010. In the period 2010-2014 I worked in commercial banking and my job responsibilities put me accountable for the management of a portfolio of large corporate clients, for developing the firm-bank relationship and for providing the bank’s clients with advisory services on ordinary and extraordinary finance issues such as setting up the credit concession proposal, issuing bank guarantees, letters of credit and bid/performance/advance payment bonds, assisting clients on M&A transactions, securitization deals, credit derivatives and computing internal ratings through the credit scoring methodology adopted by the bank. In the remaining three years of my banking working experience, i.e., from 2015 to 2017, I worked for IMI Bank, the investment bank of Intesa Sanpaolo Group, in the Structured Finance Department at the bank’s headquarters in Milan (Italy). Moreover, before joining Intesa Sanpaolo Group in 2010, I worked for UniCredit Group in the Corporate and Investment Banking Division. On the other hand, in March 2014, under the supervision of Professor Alberto Zazzaro, I was awarded a Ph.D. in Economic Sciences by the Polytechnic University of Marche (Faculty of Economics "Giorgio Fuà", Ancona - Italy), with a specialization in empirical banking and finance. During my Ph.D. Programme, I spent a semester as a Visiting Scholar at Indiana University’s Kelley School of Business (Bloomington - USA) hosted by Professor Greg Udell. My research is novel and addresses up-to-date research questions that have relevant policy implications not only for financial institutions but also for the real economy. My current research agenda focuses on several aspects of banking and finance. The first of these investigates the use and transmission of soft, unverifiable information in large organizations. This process is often severely affected by agency problems and institutional frictions. Specifically, in my job market paper, that builds on my Ph.D. dissertation, I examine the effectiveness of hardening of soft information in credit scoring methodologies along the organizational hierarchy of large banking institutions. A second focus of my research analyses several aspects of securitization, such as its nexus with the financial crisis, the role of credit enhancements generally provided in the transaction and its impact on banks' credit risk-taking behaviour. I am also actively involved in research activity investigating other topics, such as the effects of bankruptcy reforms, Islamic banking and bank lending, among others.

Qualifications

  • PhD in Economic Sciences Marche Polytechnic University, (2014)

  • Master in Economics (II Level) Marche Polytechnic University, (2011)

  • Master of Science (Graduate Program) in “International Management” Bocconi University, (2010)

  • Bachelor’s Degree (Undergraduate Program) in “Business Administration” Bocconi University, (2008)

Appointments

University of Essex

  • Lecturer, Essex Business School, University of Essex (1/10/2017 - present)

Other academic

  • Ph.D. Candidate, Marche Polytechnic University (1/1/2011 - 14/3/2014)

  • PhD Visiting Scholar, Kelley School of Business, Indiana University Bloomington (1/9/2012 - 31/12/2012)

Research and professional activities

Research interests

Information Transmission in Banking

Relationship Banking

Bank Lending

Islamic Banking

Securitization

Teaching and supervision

Current teaching responsibilities

  • The Pricing of Securities in Financial Markets (BE331)

  • Development Finance and Microcredit (BE339)

  • International Finance (BE630)

  • MBA Project (BE850)

  • Finance Research Project (BE937)

  • Student Success Tutorial (BE917)

Publications

Journal articles (4)

Bose, U., Filomeni, S. and Mallick, S., (2021). Does Bankruptcy Law Improve the Fate of Distressed Firms? The Role of Credit Channels. Journal of Corporate Finance. 68, 101836-101836

Filomeni, S., Udell, G. and Zazzaro, A., (2021). Hardening Soft Information: Does Organizational Distance Matter?. The European Journal of Finance. 27 (9), 897-927

Filomeni, S., Udell, G. and Zazzaro, A., (2020). Communication frictions in banking organizations: Evidence from credit score lending. Economics Letters. 195, 109412-109412

Filomeni, S. and Kok, SK., (2020). The holding behavior of Shariah financial assets within the global Islamic financial sector: A macroeconomic and firm-based model. Global Finance Journal, 100557-100557

Reports and Papers (8)

Filomeni, S. and Frederick, S., Securitization and Risk Appetite: Empirical Evidence from US Banks. "Under Review"

Filomeni, S. and Baltas, K., Senior-subordinated structure: buffer or signal in securitisation?. "Under Review"

Filomeni, S., Bose, U., Megaritis, A. and Triantafyllou, A., Predicting Corporate Default: The Role of Soft, Hard and Market Information. "Under Review"

Casu, B., Chiaramonte, L., Croci, E. and Filomeni, S., Access to Credit in a Market Downturn. "Working Paper".

Bitetto, A., Filomeni, S. and Modina, M., Forecasting default risk of Italian MSMEs using accounting and market information. "Working Paper".

Bitetto, A., Cerchiello, P., Filomeni, S., Tanda, A. and Tarantino, B., Machine Learning and Credit Risk: Empirical Evidence from SMEs. "Working Paper"

Filomeni, S., Bose, U. and Tabacco, E., Corporate Default, Soft Information, and Loan Officer Characteristics

Filomeni, S., Modina, M. and Tabacco, E., (2021). Trade Credit and Firm Investments: Empirical Evidence from Italian Cooperative Banks

Contact

stefano.filomeni@essex.ac.uk
+44 (0) 1206 876634

Location:

EBS.1.11A, Colchester Campus

Academic support hours:

You can find details of Academic Support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911

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