PAOLO COLLA

PAOLO COLLA

Courses a.y. 2024/2025

Biographical note

I am Associate Professor of Finance at Bocconi University. Since 2018, I have been acting as Director of the International Economics and Finance B.Sc. Program. I have published in the Journal of Corporate Finance, the Review of Financial Studies, and the Journal of Finance on the topics of asset pricing and corporate finance..


Research interests

My research spans a variety of topics such as asymmetric information in financial markets and corporate financing decisions. I am currently involved in research projects on market fragmentation, price manipulation in FX markets, and the cash flow senstitivity to external debt sources. 


Working papers

Colla, Paolo; Distaso, Walter; Vitale, Paolo
Price Manipulation and Collusion around the London 4pm Fix

Colla, Paolo; Vitale, Paolo
The dissemination of short-sellers' information

Cespa, Giovanni; Colla, Paolo
Transparency and fragmentation with strategic trading

Cespa, Giovanni; Colla, Paolo
Market fragmentation, dissimulation, and the disclosure of insider trades

Selected Publications

Colla, Paolo; Gulati, Mitu
The price of cheeky contracting
LAW AND CONTEMPORARY PROBLEMS, 2022

Carletti, Elena; Colla, Paolo; Gulati, Mitu; Ongena, Steven
The price of law: the case of the Eurozone collective action clauses
The Review of Financial Studies, 2021

Paolo Colla; Filippo Ippolito; Kai Li
Debt structure
Annual Review of Financial Economics, 2020

Colla, Paolo; Gelpern, Anna; Gulati, Mitu
The puzzle of PDVSA bond prices
CAPITAL MARKETS LAW JOURNAL, 2017

Carletti, Elena; Colla, Paolo; Gulati, Mitu; Ongena, Steven
Pricing contract terms in a crisis: Venezuelan bonds in 2016
CAPITAL MARKETS LAW JOURNAL, 2016

Colla, Paolo; Garcia, Filomena
Technology adoption: hysteresis and absence of lock-in
ECONOMICS LETTERS, 2016

Bedendo, Mascia; Colla, Paolo
Sovereign and corporate credit risk: evidence from the Eurozone
Journal of Corporate Finance, 2015

Carletti, Elena; Colla, Paolo; Gulati, Mitu
Evaluating the 2013 Euro CAC experiment
The new financial architecture in the Eurozone, 2015

Colla, Paolo; Hellowell, Mark; Vecchi, Veronica; Gatti, Stefano
Determinants of the cost of capital for privately financed hospital projects in the UK
HEALTH POLICY, 2015

Colla, Paolo; H. S. Shin; T. Adrian
Which financial frictions? Parsing the evidence from the financial crisis of 2007 to 2009
NBER Macroeconomics Annual, 2013

Colla, Paolo; Ippolito, Filippo; K. Li
Debt specialization
The Journal of Finance, 2013

Colla, Paolo; M. Germain; V. Van Steenberghe
Environmental policy and speculation on markets for emission permits
Economica, 2012

Colla, Paolo; Ippolito, Filippo; Wagner, Hannes
Leverage and pricing of debt in LBOs
Journal of Corporate Finance, 2012

Colla, Paolo; A. Mele
Information linkages and correlated trading
The review of Financial Studies, 2010

Beltratti, Andrea; Colla, Paolo
A portfolio-based evaluation of affine term structure models
Annals of Operations Research, 2007