Massimo Massa
Professor of Finance
Biography
Massimo Massa is the Rothschild Chaired Professor of Banking and a Professor of Finance at INSEAD. He is the Co-Director of the Hoffmann Research Fund. Massimo Massa teaches international finance, corporate finance, asset management, behavioural finance, and governance in MBA, EMBA, PhD and Executive Education programmes. He has an MBA from the Yale School of Management and an MA and a PhD in Financial Economics from Yale University. He is a CPA and an Auditor. He has previously worked in the Bank of Italy.
His research interests include asset management, corporate finance, behavioural finance, and financial intermediation. He has published articles on M&A, alliances, capital structure, dividend policy, share repurchases, IPOs, mutual funds, hedge funds, short-selling, behavioural biases, banking, asset management, international finance, the role of media and social networks in financial markets, ownership structure, corporate governance, family firms. His publications have been featured in top academic journals and his research has been quoted in major magazines, newspapers, professional journals, and forums. He is an Associate Editor of the Journal of Empirical Finance and the Review of Finance.
Professor Massa has been a consultant with several companies on strategic issues related to governance and corporate financial and growth strategies. He co-directs the Hoffmann Fund for research in family firms. He co-directs Value Creation for Owners and Directors programme and has managed several programmes for corporations and banks, including ABN AMRO, Maybank, Société Générale, Fineco, Technip, Mubadala, Bertelsmann. Professor Massa is also teaching in the International Directors Programme and directing the Developing Leaders in Global Banking programme and Strategic Management in Banking.
Professor Massa's current research focuses on the link between corporate financial strategies, governance, and type of ownership and how this affects value creation and growth in corporations as well as the strategies of asset managers and banks and their synergies.
His research interests include asset management, corporate finance, behavioural finance, and financial intermediation. He has published articles on M&A, alliances, capital structure, dividend policy, share repurchases, IPOs, mutual funds, hedge funds, short-selling, behavioural biases, banking, asset management, international finance, the role of media and social networks in financial markets, ownership structure, corporate governance, family firms. His publications have been featured in top academic journals and his research has been quoted in major magazines, newspapers, professional journals, and forums. He is an Associate Editor of the Journal of Empirical Finance and the Review of Finance.
Professor Massa has been a consultant with several companies on strategic issues related to governance and corporate financial and growth strategies. He co-directs the Hoffmann Fund for research in family firms. He co-directs Value Creation for Owners and Directors programme and has managed several programmes for corporations and banks, including ABN AMRO, Maybank, Société Générale, Fineco, Technip, Mubadala, Bertelsmann. Professor Massa is also teaching in the International Directors Programme and directing the Developing Leaders in Global Banking programme and Strategic Management in Banking.
Professor Massa's current research focuses on the link between corporate financial strategies, governance, and type of ownership and how this affects value creation and growth in corporations as well as the strategies of asset managers and banks and their synergies.
Latest posts
Voting for Political Influence
Massimo Massa
Leading mutual funds vote to curry political favour rather than practice good governance.
The Politics of Mutual Fund Managers’ Voting
M. Massimo, L. Zhang
Fund managers’ politics sway the way they vote, impacting company governance at the expense of company performance.
The Power of Distinct Owners as Value Catalysts
M. Massa, L. Van der Heyden, K. Taraporevala
Uncovering the unique elements owners need to achieve business success and resilience.
Regulating the ‘Wild West’ of Token-Based Business
A Madhavji, M Massa, M Madhavji
Evolving standards of crypto regulation may actually result in sharper oversight than is common in the non-token world.
Short Sellers Hiding in the Noise
B. von Beschwitz, O. Chuprinin & M. Massa
How a soft news story enables short sellers to hide their sales amongst the noise traders.
How the Market Reacts to Media “Bias”
The stock market is incapable of distinguishing between actual and perceived media bias.