Prof. Stefano Gatti - Professor of Banking and Finance

SDA Bocconi- Director Full Time MBA
SDA Professor of Banking and Insurance

Degree in Business Administration, Bocconi University, Milan, 1991

Stefano Gatti, Director of Full Time Executive MBA program at SDA Bocconi. His main area of research is corporate finance and investment banking. He has published in these areas including recent publications in the Journal of Money, Credit and Banking, Financial Management, the Journal of Applied Corporate Finance and the European Journal of Operational Research. His contribution to the development of knowledge in research fields on the Italian context is clearly demonstrated by his involvement as a consultant for banks and manufacturing firms and as a trainer for managers and government members of Russia, Africa and China. Among other consulting tasks, he has been member of the consultants committee of Alice Ventures, Management Company of MB Venture Closed Fund, member of the Board of Directors of the Pension Fund of Italian Doctors of Medicine, BCC Private Equity, SGR, Deutz Fahr Group. He has acted as a consultant to several financial and non-financial institutions and for the Italian Ministry of the Economy, the Financial Stability Board and the OECD/Group of G20.

  • Corporate Financial Advisory,
  • Infrastructure and Project Finance,
  • Corporate Restructuring,
  • Private Equity.

Books

  • Project Finance in Theory and Practice, Second Edition, Elsevier, Academic Press, Burlington MA, 2012
  • Project Finance in Theory and Practice, Elsevier, Academic Press, Burlington MA, 2007
  • Structured Finance (coauthored with Stefano Caselli), Springer-Verlag, Heidelberg, London, New York, 2005
  • Structured Finance (coauthored with Stefano Caselli), Springer-Verlag, Heidelberg, London, New York, 2005
  • Banking for family business (coauthored with Stefano Caselli), Springer-Verlag, Heidelberg, London, New York, 2005
  • Banking for family business (coauthored with Stefano Caselli), Springer-Verlag, Heidelberg, London, New York, 2005
  • Corporate Lending, coauthored with Stefano Caselli), Roma, Bancaria Editrice, 2003
  • Venture Capital – A Euro-System Approach, (coauthored with Stefano Caselli), London-Berlin, Springer Verlag, 2003

Articles

  • R. Della Croce, Gatti S. , “”Financing infrastructure – International trends””, OECD Financial Market Trends, n.1/2014
  • Gatti S., “”Government and Marked-based Instruments and Incentives to Stimulate Long-term Investment Finance in Infrastructure””, OECD Working Papers on Finance, Insurance and Private Pensions, No. 37, OECD Publishing
  • Risk analysis with contractual default. Does covenant breach matter? (with E.Borgonovo), European Journal of Operational Research, vol. 230, n. 2, 2013
  • Does the private sector get an excessive return from investments in health care infrastructure? Evidence from the UK (with M.Hellowell and V.Vecchi), Health Policy, vo. 110, n. 2, 2013
  • Arranger Certification in Project Finance (with W.L.Megginson and S.Kleimeier), Financial Management, volume 42, n. 1, 2013
  • Risk management in Project Finance (with S.Caselli), in Baker K. and English P. (eds.) “Capital Budgeting Valuation: Financial Analysis for Today’s Investment Decisions”, Wiley, 2011
  • Project Finance (with S. Caselli and A. Steffanoni), in Cumming D. (ed.), “Handbook of Entrepreneurship”, Oxford University Press, 2011
  • Project Finance Collateralized Debt Obligations: An Empirical Analysis of Spread Determinants (with S.Caselli, F. Corielli and V.Buscaino), European Financial Management, Volume 18, Issue 5, Novembre 2012
  • Corielli F., Gatti S ., Steffanoni A., “”Risk Shifting through nonfinancial contracts. Effects on loan spreads and capital structure of project finance deals””, Journal of money, credit and banking, vol. 42, No. 7, 2010
  • Borgonovo E., Gatti S., Peccati L., What Drives Value Creation in Investment Projects? An Application of Sensitivity Analysis to Project Finance Transactions, European Journal of Operational Research, vol. 205, No. 1, 2010
  • Bonetti V., Caselli S., Gatti S., Offtaking agreements and how they impact the cost of funding for project deals. A clinical case study of the Quezon Power Ltd Co., Rewiew of Financial Economics, Vol. 19, No. 2, 2010
  • Gatti S. and C. Battistini, “”Hedge Funds’ Activism: A new trend of convergence toward private equity in public firms””, in D. Cumming (editor), Companion to Venture Capital, John Wiley and Sons, 2010
  • Are Venture Capitalists a Catalyst for Innovation or Do they Simply Exploit it?” (with Stefano Caselli), European Financial Management, vol. 15, 1, 2009
  • Pricing Final Indemnificaton Payments to Private Sponsors in Project- Financed Public-Private Partnerships: An Application of Real Options Valuation (with S.Caselli and A.Marciante), Journal of Applied Corporate Finance, Vol. 21 No. 3, 2009
  • The Sensitivity of Loss Given Default Rate to Systematic Risk: New Empirical Evidence on Bank Loans (with S.Caselli and F. Querci), in Journal of Financial Services Research, Vol. 34, N. 1, August 2008
  • Measuring Value at Risk in project finance transactions (Università Bocconi – Newfin – 2007)
  • Managing M&A risks using collars, earnouts and CVR’s (2006)”

For any additional information please refer to http://www.sdabocconi.it/en/faculty/gatti-stefano