Amedeo De Cesari

Amedeo De Cesari

Dr

 https://orcid.org/0000-0002-6938-452X
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Personal profile

Biography

I am a Senior Lecturer in Finance in the Finance and Accounting Group of the Alliance Manchester Business School that I joined as a Lecturer in Finance in September 2014. I previously held appointments as a Lecturer at Aston Business School (2008-2014) and at Manchester Business School (2007-2008).

In 2008, I was awarded a PhD in Finance from Manchester Business School. In my PhD thesis, I examined the determinants of Italian open market stock repurchases and the effects of these transactions on several measures of market quality. I also obtained an MSc in Finance from the University of Essex (Colchester, the United Kingdom) and a BA in Business Management from Universita’ Politecnica delle Marche (Ancona, Italy).

Most of my research lies in the areas of corporate finance and corporate governance with a particular focus on dividend payments, stock repurchases, initial public offerings and executive compensation. My research papers have been published in reputable international journals such as the Journal of Corporate Finance.

I have acted as ad-hoc reviewer for several reputable journals including the Journal of Corporate Finance, the Financial Review, the Journal of Business, Finance and Accounting and the British Accounting Review.

Over the years, I have taught both Undergraduate and Postgraduate (including MBA) courses in Finance, Corporate Finance and Derivatives. 

Research interests

In my research, I study significant corporate transactions such as payments of cash dividends, repurchases of own stock and initial public offerings. I investigate whether the compensation provided to executives may incentivise them to take suboptimal decisions to the detriment of shareholders. I also am interested in studying how changes in regulations may influence corporate transactions.
Specific research topics:
- Effects of stock repurchases on market liquidity;
- Timing of repurchase transactions;
- Payout policy and agency costs;
- Executive incentives and payout policy;
- Retail investor attention and the valuation of initial public offerings;
- Stock price informativeness and dividend changes;
- Duration of initial public offerings.
I am interested in supervising PhD students in research areas that are related to my research interests.

Other research

Recent conferences

Cai, X., De Cesari, A., Gao, N., Peng, N., European Financial management Association, "Acquisitions and Technology Value Revision", Ponta Delgada, Portugal. (2019) 

Dang, V.A., De Cesari, A., Phan, H.V., Paris December Finance Meeting (EUROFIDAI), “Employment protection and share repurchases: Evidence from Wrongful Discharge Laws”, Paris, France. (2018)

Dang, V.A., De Cesari, A., Phan, H.V., European Financial Management Association, “Employment protection and share repurchases: Evidence from Wrongful Discharge Laws”, Milan, Italy. (2018)

Andriosopoulos, D., De Cesari, A., Stathopoulos K., Annual Conference of the French Finance Association (AFFI), “Overpayment, financial distress, and investor horizons”, Paris, France. (2018)

Andriosopoulos, D., De Cesari, A., Stathopoulos K., Financial Engineering and Banking Society Conference, “Overpayment, financial distress, and investor horizons”, Malaga, Spain. (2016)

Andriosopoulos, D., De Cesari, A., Stathopoulos, K., European Finance and Banking Conference, "Overpayment, financial distress, and investor horizons", Bologna, Italy. (2016)

Andriosopoulos, D., De Cesari, A., Stathopoulos, K., Paris Financial Management Conference, "Overpayment, financial distress, and investor horizons", Paris, France. (2015)

De Cesari, A., Gonenc, H., Ozkan, N., Workshop of Corporate Governance and Investment, "The effects of corporate acquisitions on CEO compensation and CEO turnover of family firms", Manchester, UK. (2015)

De Cesari, A., Colaco, H., India Finance Conference, “Price updates in initial public offerings”, Bangalore, India. (2014)

De Cesari, A., Huang-Meier, W., Financial Management Association, “Dividend changes and stock price informativeness”, Nashville, USA. (2014)

De Cesari, A., Huang-Meier, W., Asian Finance Association, “Dividend changes and stock price informativeness”, Bali, Indonesia. (2014)

De Cesari, A., Huang-Meier, W., Taiwan Finance Association, “Dividend changes and stock price informativeness”, Hsinchu, Taiwan. (2014)

Colaco, H., De Cesari, A., Hegde, S., Behavioural Finance Working Group Conference, “Retail investor attention and IPO valuation”, London, UK. (2014)

Colaco, H., De Cesari, A., Hegde, S., India Finance Conference, “Retail investor attention and IPO valuation”, Gujarat, India. (2013)

De Cesari, A., Ozkan, N., Financial Management Association, “Executive incentives and payout policy: empirical evidence from Europe”, Chicago, USA. (2013)

Colaco, H., De Cesari, A., Hegde, S., Financial Management Association, “Retail investor attention and IPO valuation”, Chicago, USA. (2013)

De Cesari, A., Ozkan, N., Multinational Finance Society, “Executive incentives and payout policy: empirical evidence from Europe”, Izmir, Turkey. (2013)

Colaco, H., De Cesari, A., Hegde, S., Multinational Finance Society, “Retail investor attention and IPO valuation”, Izmir, Turkey. (2013)

De Cesari, A., Ozkan, N., European Financial Management Association, “Executive incentives and payout policy: empirical evidence from Europe”, Reading, UK. (2013)

Colaco, H., De Cesari, A., Hegde, S., European Financial Management Association, “Retail investor attention and IPO valuation”, Reading, UK. (2013)

 

Research seminar presentations

Cai, X., De Cesari, A., Gao, N., Peng, N., “Acquisitions and technology value revision”, University of Bath. (2019)

Dang, V.A., De Cesari, A., Phan, H.V., “Employment protection and share repurchases: Evidence from Wrongful Discharge Laws”, Bangor University. (2019)

Dang, V.A., De Cesari, A., Phan, H.V., “Employment protection and share repurchases: Evidence from Wrongful Discharge Laws”, University of Surrey. (2018)

Dang, V.A., De Cesari, A., Phan, H.V., “Employment protection and share repurchases: Evidence from Wrongful Discharge Laws”, WHU – Otto Beisheim School of Management. (2018)

Andriosopoulos, D., De Cesari, A., Stathopoulos, 2017, “Overpayment, financial distress, and investor horizons”, University of Exeter

Andriosopoulos, D., De Cesari, A., Stathopoulos, “Overpayment, financial distress, and investor horizons”, Swansea University. (2016)

Andriosopoulos, D., De Cesari, A., Stathopoulos, “Overpayment, financial distress, and investor horizons”, University of Strathclyde. (2015)

De Cesari, A., Espenlaub, A., Khurshed, A., Simkovic, M., 2010, “The effects of ownership and stock liquidity on the timing of repurchase transactions”, University of Manchester

De Cesari, A., Espenlaub, S., Khurshed, A., “Stock repurchases and treasury share sales: Do they stabilize price and enhance liquidity?”, University of Warwick. (2007)

Other teaching information

Teaching activity

I teach on the following courses:

- Business Accounting & Finance (MBA);
- Advanced Corporate Finance (Undergraduate level 3).

Expertise related to UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):

  • SDG 8 - Decent Work and Economic Growth
  • SDG 9 - Industry, Innovation, and Infrastructure

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