Giorgio Ottonello

Giorgio Ottonello is a tenure-track Assistant Professor of Finance at NOVA School of Business and Economics (NOVA SBE), part of NOVA University Lisbon in Portugal. His research focuses on empirical asset pricing in fixed-income markets, with emphasis on institutional investor behavior, OTC market dynamics, and credit-liquidity risk interactions.

Education:

• PhD in Finance, Vienna Graduate School of Finance (2019)
• M.Sc. in Quantitative Finance, Vienna University of Economics and Business (2014)
• Bachelor of Business Administration, University of Genoa (2012)

Research Focus: Ottonello's work employs large-scale empirical methods to investigate institutional investor behavior in fixed-income markets, particularly examining OTC market microstructure and the interplay between credit risk and liquidity risk. His research demonstrates how regulatory changes alter credit rating informativeness and how macroeconomic shocks create reverse causality in credit markets, revealing novel transmission channels between real economy developments and financial markets.

Publication Trends: His 10 most recent publications (2019-2024) appear in top finance journals including the Journal of Finance and Review of Corporate Finance Studies, showing consistent focus on fixed-income market anomalies. Key themes include inventory constraints in underwriting, benchmarking effects, and cyber risk transmission, with methodology emphasizing causal identification through natural experiments and high-frequency data analysis.

Scientific Recognition:

• RAPS Best Paper of the Year Award (2022) for groundbreaking work on underwriter inventory constraints

Academic Leadership: Ottonello supervises Master's theses at NOVA SBE in empirical asset pricing and sustainable finance, while teaching core investments courses. His exceptional teaching evaluation (5.3/6) reflects effective pedagogy in quantitative finance, building on prior experience teaching at WU Vienna where he received perfect scores (1.0/6) for finance paper writing instruction. He actively contributes to academic discourse through frequent presentations at major finance conferences including FIRS, EFA, and SGF.