Dottorato di Ricerca in "Banca e Finanza"

 

Director: prof. Claudio Giannotti - University LUM Jean Monnet of Casamassima (Bari)

 

 

The Laboratory of Real Estate Finance aims to realize academic researches with direct implications on operational activities and it is  developed with the support of the Department of Economics of the University of Parma.

 

For further details on the Laboratory, click on one of the following items:

 

 

 Scientific Committee

 

  • Massimo Biasin - Full Professor of Economics and Management of Financial Intermediaries at the faculty of Economics of the University of Macerata
  • Claudio Cacciamani - Full Professor of Economics and Management of Financial Intermediaries at the faculty of Economics of the University of Parma
  • Edovige Catitti - Aareal Bank AG General Manager Italy
  • Gianluca De Candia - ASSILEA Operations Manager
  • Claudio Giannotti - Full professor of Economics and Management of Financial Intermediaries at the faculty of Economics of the University LUM Jean Monnet
  • Amedeo Giurazza - Vertis SGR Chief Executive Officer 
  • Valter Mainetti - Sorgente SGR Chief Executive Officer and teacher at the University of Parma 
  • Gianluca Mattarocci - Lecturer of Economics and Management of Financial Intermediaries at the faculty of Economics of the University of Rome "Tor Vergata"
  • Anna Pasquali - Beni Stabili Gestioni SGR Chief Executive Officer
  • Claudio Porzio - Full Professor of Economics and Management of Financial Intermediaries at the faculty of Economics of the University of Naples "Parthenope"
  • Gabriele Sampagnaro - Associate Professor of Economics and Management of Financial Intermediaries at the faculty of Economics of the University of Naples "Parthenope"

 

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 Main research results  

 

Academic year 2012

  • Claudio Giannotti (University LUM Jean Monnet of Casamassima) - Research results and perspectives 
     

Academic year 2011

Program

  • Alessandro Carretta (University of Rome Tor Vergata) - Opening remarks
  •  Claudio Giannotti (University LUM Jean Monnet of Casamassima) - Research results and perspectives
  • Edoardo Longa (Assoimmobilare) -  Real estate funds: market, funds for qualified investors and perfomance  
  • Marco Doglio (Fabrica Immobiliare SGR) -  University campus and real estate funds: the case of Aristotele fund  
  • Edovige Catitti (Aareal Bank) -  Lending for real estate funds 
  • Claudio Giannotti (University LUM Jean Monnet) - Characteristics of qualified intestors in the real estate industry: Preliminary results of a research promoted by Assoimmobiliare  
  • Claudio Cacciamani (University of Parma) -  Real estate funds for qualified investors: perspectives and problems  
  • Lucia Gibilaro (University of Bergamo) -  Real estate financing after Basel 3  
  • Marco Di Giacinto (Fabrica Immobiliare SGR) -  Mesuring and communicating performance of real estate funds  
  • Gianluca Mattarocci (University of Rome Tor Vergata) -  The role of risk measure choice in ranking real estate funds  
  • Gualtiero Tamburini (Assoimmobiliare) - Closing remarks
     

 Pictures

 

Academic year 2010

Program

  • Edoardo Longa (Assoimmobiliare) - Perspective of Italian Real Estate Industry
  • Claudio Giannotti (University LUM Jean Monnet of Casamassima) - Research results and perspectives
  • Gianluca Mattarocci (University of Rome Tor Vergata) -  The risk of real estate indirect investiment  
  • Gabriele Sampagnaro (University of Naples Parthenope) - Real estate databases
  • Antonio Cadoni (PhD candidate in Banking and Finance) and Claudio Giannotti (University LUM Jean Monnet of Casamassima) - The role and the selection criteria for evaluators
  • Duccio Martelli (PhD candidate in Banking and Finance) - Break option and tenant risk
  • Marisa Gigante (PhD candidate in Banking and Finance) -  Real estate funds and institutional investors 
  • Dario Valentino (Investire Immobiliare) - Perspectives of Italian real estate industry and topics for new research

      
     

Academic year 2009

  • Claudio Giannotti (University LUM Jean Monnet of Casamassima) - Research results and perspectives
  • Sergio Beretta (FIMIT SGR) - Practitioner's point of view. Real estate investments and funds: the current scenario and the perspectives for further researches

     

Academic year 2008

  • Claudio Giannotti (University LUM Jean Monnet of Casamassima) - Aim and structure of the Laboratory of Real Estate Finance  
  • Gianluca Mattarocci (University of Rome "Tor Vergata") - Risk Management of real estate investments - in collaboration with Beni Stabili Gestioni SGR  
  • Annalisa Ferrari (PhD candidate in Banking and Finance) - The discount of Italian Real Estate Investments 
  • Annalisa Ferrari (PhD candidate in Banking and Finance) - Observatory on Italian housing lending market - in collaboration with Banca per la Casa and SDA Bocconi  
  • Duccio Martelli (PhD candidate in Banking and Finance) - Tenant risk measurement and disclosure - in collaboration with IPD Italy
  • Lucia Gibilaro     (University of  Bergamo) - Risk management and porfoglio exposure for real estate lending - in collaboration with Sorgente SGR 
  • Edovige Catitti (Aareal Bank AG Italy) - Credit crunch for real estate lending anthe risk exposure for banks
  • Valentino Benedetti (Beni Stabili Gestioni SGR) - Real estate funds market development and the risk for the real estate vehicles
  • Savino Capobianco (Risorse RPR SpA - Project Finance Area) - Public real estate management and residential real estate market

  

 

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 International conferences

The Laboratory promotes the presentation of main research results at international conference. Main results are summarized in the following table.

 

Authors

Title

Conferences

slides

Other information
Giannotti C. and Mattarocci G. (2007)  Risk diversification in a real estate portfolio: evidence from the Italian market  

IPD Prize for the Best Paper on Direct Property Investment - ERES 2007

 

Article published on JERER (n.3-2008)

Giannotti C. e Mattarocci G. (2008)
 

How to rate italian real estate funds

 

IPD Prize for the Best Paper on Direct Property Investment - ERES 2008

Article published on JERER (n. 02-2009)

Giannotti C. and Ferrari A. (2008)

The NAV discount of Real Estate Funds: evidence from first takeover bids on the italian market

 

 Giannotti C., Manstretta D. and Martelli D. (2008)

Tenant risk in the italian real estate funds: analyisis and application 

 

 Giannotti C. and Gibilaro L. (2008)

The risk mitigation in real estate loans: the effectiveness in italian economic cycle 

 

 

Article published on the refereed section of Bancaria (n.06-2009)

 Filotto U. and Ferrari A. (2008)

 Towards the estimation of the attraction of European residential mortgage markets: a methodological approach

 
Giannotti C., Mattarocci G. and Spinelli L. (2009)  Are portfolio diversification criteria useful for hotel investments? Evidence from the Italian market

  

 

Highly Commended Award winner of the 2008/2009 Emerald/EMRBI Business Research Award for Young Researchers
Giannotti C., Mattarocci G. and Spinelli L. (2009)
 The relative importance of sectoral and regional factors in the hotel industry: evidence from the Italian market    

 

Article published on JPIF (n.3-2009)
 Biasin M., Giannotti C., Mattarocci G. e Siligardos G. (2010)
  Income return vs capital gain for retail real estate investment funds: Evidence from the Italian market      
 Giannotti C., Gibilaro L. e Mattarocci G. (2010)  Liquidity risk exposure for specialized and unspecialized real estate banks: evidences from the Italian market

 

  

Journal of Property Investment & Finance Prize - ERES 2010

Article published on JPIF (n.2-2011)
Giannotti C. e Mattarocci G. The role of risk measures’ choices in ranking real estate funds: evidence from the Italian market

 

  
Mattarocci G.e Siligardos G. (2010)  The relevance of real estate market trends for Investment property funds asset allocation: evidence from France, Germany, Italy and United Kingdom      

 

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 In collaboration with

 

               Aareal Bank

               IPD

               Investire Immobiliare SGR

               Nomisma

               Sorgente SGR

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