How a soft news story enables short sellers to hide their sales amongst the noise traders.
Massimo Massa is the Rothschild Chaired Professor of Banking, Professor of Finance at INSEAD, where he teaches international finance, corporate finance, information financial economics and behavioral finance in M.B.A., Ph.D. and Executive programmes. He is the Programme Director of Value Creation for Owners and Directors. He graduated summa cum laude from the Department of Economics at the LUISS University of Rome, Italy. He has obtained an M.B.A. from the Yale School of Management and a Ph.D. in Financial Economics from Yale University.
His research interests include theory of information in financial markets, corporate finance, behavioral finance, and mutual funds. His articles have been published in academic journals such as Review of Financial Studies, Journal of Finance, Journal of Financial Economics, Journal of Business, Journal of Financial and Quantitative Analysis and Journal of Financial Markets. His research has been quoted and discussed in major magazines and newspapers (The Economist, Business Week, The New York Times).
He has previously worked in the Bank of Italy in the Banking Division (1989-1992) and in the Research Department (Monetary and Financial Markets Division) (1993-1997).
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