Simon Business School

Faculty Profile

Giulio Trigilia
Assistant Professor of Finance
Phone: 585.276.6624
Office: 3-110K Carol Simon Hall


Giulio holds a Bachelor and MA in Political Science from the University of Bologna, a Msc in Economics from the Collegio Carlo Alberto (Turin), and a PhD in Economics from the University of Warwick. He is Assistant Professor of Finance at the Simon School of Business, and a member of the Finance Theory Group (FTG)

Research Interests

Financial economics, information economics, microeconomic theory, macro-finance.

Professional History

Assistant Professor of Finance
University of Rochester Simon Business School
July 2016 -


Warwick University - 2016
Ph D
Collegio Carlo Alberto - 2010
University of Bologna - 2009
International Relations
University of Bologna - 2006
Political Science
Liceo Classico Michelangiolo - 2003

Current Research Programs

dynamic costly-state-verification and limited commitment
extends our understanding of the CSV model analyzing dynamics under limited commitment to verification
Endogenous leverage cycles
takes a static contracting model developed in a paper by G.Trigilia titled "optimal leverage and strategic disclosure", and embeds it in an endogenous overlapping-generation model such as those developed by Matsuyama. It derives endogenous cycles of leverage and links them to the economy characteristics.
Estimating TA value added in higher education. Evidence from a randomized procedure
Optimal leverage and strategic disclosure
studies the jointly optimal disclosure and capital structure design under ex post asymmetric information (i.e., non verifiable output). The paper pins down an optimal leverage ratio and shows how it depends on firms characteristics.
the real effects of purely informational shocks - empirics
we exploit a quasi-natural experiment in Britain , 19th century, to study the real effects of informational shocks. The shock in question is the (gradual) introduction of the telegraph, and its use for communicating daily stock prices and issues.
the real effects of purely informational shocks - theory
it embeds a model of investment under adverse selection (a la Myers-Majluf), in a continous time macro-finance model. Asymmetric information the dynamics of the economy and matches (among other things) the relatively high equity premium.
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