Stefano
Sacchetto

Associate Professor of Financial Management

• Ph.D. in Economics, London Business School
• M.Res. in Economics, London Business School
• M.Sc. in Economics, Bocconi University
• B.A. in Business and Economics, University of Turin

Stefano Sacchetto is an Associate Professor in the Financial Management Department at IESE Business School. He holds a Ph.D. and M.Res. in Economics from London Business School, a M.Sc. in Economics from Bocconi University, and a B.A. in Business and Economics (Laurea in Economia Aziendale) from the University of Turin. Before joining IESE, he was an Assistant Professor of Finance at the Tepper School of Business, Carnegie Mellon University.

Stefano’s main area of research is corporate finance, with a focus on mergers and acquisitions. His research has been published in the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and the Journal of Economic Dynamics and Control.

Areas of interest.

* Corporate Finance
* Mergers and Acquisitions
* Corporate Restructuring
* Structural Estimation
* Industrial Organization

Publications

Journal Articles (refereed)

HUANG, T., KUMAR, A., SACCHETTO, S., VERGARA, C. (2024). Stock comovement and financial flexibility. Journal of Financial and Quantitative Analysis, 59 (3), 1141-1184. doi:10.1017/S0022109022001338. DIMOPOULOS, T., SACCHETTO, S. (2017). Merger Activity in Industry Equilibrium. Journal of Financial Economics, 126 (1), 200 - 226. doi:10.1016/j.jfineco.2017.06.014. DIMOPOULOS, T., SACCHETTO, S. (2016). Technological Heterogeneity and Corporate Investment. Journal of Economic Dynamics and Control, 66, 20 - 35. doi:10.1016/j.jedc.2016.02.006. DIMOPOULOS, T., SACCHETTO, S. (2014). Preemptive Bidding, Target Resistance, and Takeover Premiums. Journal of Financial Economics, 114 (3), 444 - 470. doi:10.1016/j.jfineco.2014.07.013. BENFRATELLO, L., PIACENZA, M., SACCHETTO, S. (2009). Taste or reputation. What drives market prices in the wine industry? Estimation of a hedonic model for Italian premium wines. Applied Economics, 41 (17), 2197-2209. doi:10.1080/00036840701222439.

Book Chapters

SACCHETTO, S., FRAQUELLI, G., GIORDANO, P. (2003). Costi e decisioni operative. In Donna, Giorgio and Riccaboni, Angelo (Eds.), Manuale del controllo di gestione (pp. 65-95). Ipsoa.

Cases

SACCHETTO, S. (2024). Harley-Davidson: Valoración Empresarial con Flujos de Caja Descontados. IESE, FI-1. SACCHETTO, S. (2024). Harley-Davidson: Business Valuation with Discounted Cash Flows. IESE, FI-1-E. ANTÓN, M., GINÉ, M., EUFINGER, C., SACCHETTO, S. (2023). HIFU TAOC: Investing in Tech Projects. Introduction to Project Valuation. IESE, F-996-E. ANTÓN, M., GINÉ, M., EUFINGER, C., SACCHETTO, S. (2023). HIFU TAOC: invirtiendo en proyectos tecnológicos. Introducción a la evaluación de proyectos. IESE, F-996. SACCHETTO, S., VERGARA ALERT, C. (2020). Payout Policy at eBay Inc.. Activist Investor Asks for Change. IESE, F-960-E.

Technical Notes

VERGARA, C., SACCHETTO, S., MATEU, A. (2022). Project Evaluation. IESE, FN-650-E. VERGARA, C., SACCHETTO, S., MATEU, A. (2022). Evaluación de proyecto. IESE, FN-650.