معرفی
Giovanni Pagliardi serves as a Lecturer at BI Norwegian Business School's Department of Finance since 2018, holding a PhD from ESSEC Business School (2017).
His research critically examines political risk in global financial markets through two primary lenses: portfolio construction under political uncertainty and cross-country return predictability. He demonstrates that political risk premia significantly impact international diversification benefits, with politically hedged portfolios outperforming benchmarks by 11% annually while reducing tail risk exposure. His work identifies a distinct global political risk factor (P-factor) uncorrelated with currency risk, explaining abnormal returns up to 15% per annum through dual cash-flow and discount rate channels.
Recent publications reveal consistent methodological innovation: developing portfolio selection models for skewed distributions, creating asymptotic inference tests for performance comparison, and establishing political risk metrics that persist under transaction cost frictions. His research bridges theoretical finance with practical investment implications, particularly regarding equity home bias and political risk hedging efficacy.
Professor Pagliardi maintains active international collaborations with ESSEC Business School and the University of Cyprus, though specific grant funding details aren't disclosed. His current role focuses on teaching finance courses while advancing research at the finance-political science intersection.
