New e-mail: lrognone@ed.ac.uk

Lavinia Rognone is a Lecturer (Assistant Professor) in Sustainable Finance at the University of Edinburgh Business School (UEBS), and part of the Centre for Business, Climate Change, and Sustainability (B-CCaS) at UEBS. Prior to joining UEBS, she was a Research Associate in finance at Alliance Manchester Business School (AMBS), University of Manchester, and part of the Centre for Financial and Technologies Studies at AMBS. She holds a Ph.D. in Finance from AMBS under the supervision of Professor Stuart Hyde and Dr Sarah S. Zhang, and her research spreads across multiple disciplines including green/climate finance, asset pricing, FinTech, and text-analysis applications to finance. As an external position, she served as an Economist and as a Climate Change Expert at the European Central Bank (ECB) in the Monetary Policy Division, where she mainly worked on academic research on climate finance with text-analysis applications, besides being involved in policy-related work. She designed and constructed two daily text-based climate risk indicators, Physical Risk Index (PRI) and Transition Risk Index (TRI), which find applications to both risk and portfolio management issues, among others, being of interest for researchers, practitioners, and policymakers. During her doctoral studies, she visited the National University of Singapore (NUS) where she was hosted by the department of Mathematics and the Risk Management Institute for a research collaboration.

Her research has been published in academic journals, such as the Technological Forecasting and Social Change, Journal of International Financial Markets, Institutions & Money, Economics Letters, and the International Review of Financial Analysis, among others. Her research has been awarded the Best Doctoral Paper, 1^st runner-up, from AMBS, University of Manchester, and the Best Ph.D. Paper Award at the Cryptocurrency Research Conference 2019 for her study on the high-frequency news sentiment relation with cryptocurrency and Forex. She was awarded both the Teaching Assistant Award 2019 and the Teaching Excellence for the BMAN31792 Financial Market Microstructure module from the University of Manchester.

Education:

• Ph.D. in Finance at AMBS (2021);
• M.Sc. degree in Finance at the University of Gothenburg, Sweden (2017);
• M.Sc. in Finance & Banking at the University of Rome Tor Vergata, Italy (2017);
• B.Sc. in Economics and Business Administration at the University of Rome III, Italy (2015). 

Publications

• Menkveld, A. J., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Neususs, S., Razen, M., Weitzel, U., et al. (Forthcoming in The Journal of Finance). Non-Standard Errors. Available at SSRN https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3961574.
• Karmakar, S., Gupta, R., Cepni, O., & Rognone, L. (2023). Climate risks and predictability of the trading volume of gold: Evidence from an INGARCH model. Resources Policy, 82, 103438.
  https://doi.org/10.1016/j.resourpol.2023.103438.
• Cepni, O., Demirer, R., Pham, L., & Rognone, L. (2023). Climate uncertainty and information transmissions across the conventional and ESG assets. Journal of International Financial Markets, Institutions & Money, 101730. https://doi.org/10.1016/J.INTFIN.2022.101730.
• Cepni, O., Demirer, R., & Rognone, L. (2022). Hedging climate risks with green assets. Economics Letters, 212, 110312. https://doi.org/10.1016/j.econlet.2022.110312.
• Rognone, L., Hyde, S., & Zhang, S. S. (2020). News sentiment in the cryptocurrency market: An empirical comparison with Forex. International Review of Financial Analysis, 69, https://doi.org/10.1016/j.irfa.2020.101462.
• Drudi et al. (September, 2021). Climate change and monetary policy in the euro area. ECB Occasional Paper Np, 2021271. Available at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3928292.
• Bua, G., Kapp, D., Ramella, F., & Rognone, L. (2022). Transition versus physical climate risk pricing in European financial markets: A text-based approach. European Central Bank, Working Paper Series, No 2677. URL: https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2677~9fc49e8300.en.pdf. Also available as SUERF Policy Brief, No 443 (October 2022) here. Paper last version available on SSRN at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3860234.
• OECD (2021), Financial Markets and Climate Transition: Opportunities, Challenges and Policy Implications. OECD Paris, https://www.oecd.org/finance/Financial-Markets-and-Climate-Transition-Opportunities-challenges-and-policy-implications.htm. Contribution to report.

Working papers

• Climate Risk and the Dynamic Correlation Between Clean Energy and Technology Stock Markets. Co-authored with: Elie Bouri, Tom L. Dudda, and Thomas Walther.
• Climate Uncertainty and Investor Learning in Sustainable Funds. Co-authored with: Sara Ali, Ihsan Badshah, Riza Demirer, and Prasad Hedge.

Presentation at conferences and seminars

Additional conferences

Trainings & additional presentations

• Ph.D. in Finance, Alliance Manchester Business School, The University of Manchester, UK, 2021
• M.Sc. in Finance, University of Gothenburg, Sweden, 2017
• M.Sc. in Finance & Banking, University of Rome Tor Vergata, Italy, 2017
• B.Sc. in Economics and Business Administration, University of Rome III, Italy, 2015

Awards

Grants