Professor Claudia Girardone
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Email
cgirard@essex.ac.uk -
Telephone
+44 (0) 1206 874156
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Location
EBS.3.9, Colchester Campus
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Academic support hours
You can find details of Academic Support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911
Profile
Biography
Claudia Girardone is Dean of Essex Business School and Professor of Banking and Finance. Professor Girardone holds several external academic positions, including as an Academic Fellow at the Centre for Responsible Banking and Finance (CRBF) of the University of St Andrews, and as a Member of the Scientific Committee of the EU-Mediterranean and African Network for Economic Studies (EMANES). Between 2015-2019 she was a Visiting Scholar in the Competition and Impact Assessment Team within the Bank of England’s Prudential Policy Directorate. In 2024 she was a Visiting Scholar at the International Monetary Fund (IMF). Professor Girardone’s research areas are on banks' financial and social performance, banks' corporate governance and stability, the industrial structure of banking and access to finance. She has published over 70 articles in books and peer-reviewed international journals, including the Journal of Corporate Finance, European Journal of Operational Research, Small Business Economics, and the Journal of Banking and Finance. She is a co-author of the textbook “Introduction to Banking” (Pearson, 2021) and she is currently on the Editorial Board of several journals including the Journal of Financial Economic Policy and The European Journal of Finance. She was also joint Guest Editor of several Special Issues including: the British Journal of Management on “Corporate Governance in Extreme Institutional Environments”; and the Journal of Corporate Finance on “Diversity and Women in Finance”. Professor Girardone is a Trustee of the Money Macro Finance Society (MMF) and Chair of the MMF Equality, Diversity and Inclusion Committee. She recently held a British Academy / Leverhulme small grant on socially responsible banking and the impact of the pandemic. She has been a member of the Athena Swan Panel at Essex Business School since 2017, fostering equality and diversity principles in research policies, practices and culture. She has led the organisation of several international conferences and workshops at Essex Business School, such as the annual Essex Finance Centre (EFiC) conference in Banking and Corporate Finance (yearly from 2016), and the workshop on "Financial Fragmentation and Challenges for SMEs Financing" in 2019. She is also regularly invited to give academic seminars and talks, and to be part of the scientific committees of banking and finance events.
Qualifications
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PhD Economics Bangor University,
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MA Banking and Finance Bangor University,
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Degree in Political Sciences (Laurea) summa cum laude Università degli Studi di Genova,
Appointments
University of Essex
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Director of Research, Essex Business School (1/10/2016 - 30/6/2022)
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Director of Essex Finance Centre, Essex Business School (1/9/2015 - 15/10/2022)
Research and professional activities
Research interests
Banks' financial and social performance
Integration in banking and financial markets
SMEs finance and financial inclusion
Competition issues in banking
Bank corporate governance
Conferences and presentations
50 Years of Research at the Institute of European Finance (IEF)
Keynote presentation, Conference, 22/11/2023
Co-organiser of the 7th Essex Finance Centre EFiC2022 Conference in Banking and Corporate Finance, 6-7 July 2023.
6/7/2023
Financial Stability, The Macroprudential/ Monetary Policy Nexus and Bank Behaviour
Invited presentation, Conference, London, United Kingdom, 23/6/2023
Co-organiser of the 6th Essex Finance Centre EFiC2022 Conference in Banking and Corporate Finance, 7-8 July 2022.
7/7/2022
Social Responsibility, Banks and Markets During the COVID-19 Crisis and Beyond, 6 July 2022
Workshop Co-organiser (sponsored by British Academy), Essex Business School, University of Essex, 6/7/2022
Conference of Professors in Accounting and Finance (CPAF)
Invited presentation, British Accounting and Finance Association Conference, 11/4/2022
Co-organiser of the 5th Essex Finance Centre EFiC2021 Conference in Banking and Corporate Finance, 8-9 July 2021.
8/7/2021
Financial Inclusion
Invited presentation, European Banking Authority (EBA)-BSG Closed Workshop, 6/7/2021
Mainstreaming Financial Inclusion
Invited presentation, Roundtable, Panel member, 6/11/2020
The blue transition scenario 2050 for the Mediterranean: Towards TRIS development model
Invited presentation, Conference of the Euro-Mediterranean Network for Economic Studies, 8/7/2020
Co-organiser of the International Corporate Governance Society (ICGS) conference, 11-13 October 2019
Essex Business School, University of Essex, 12/10/2019
Keynote speaker
Keynote presentation, Corporate Governance & Risk Management in Financial Institutions, Gallipoli, Italy, 27/9/2019
Co-organiser of the 4th Essex Finance Centre EFiC2019 Conference in Banking and Finance, 4-6 July 2019.
Essex Business School, University of Essex, Colchester, United Kingdom, 4/7/2019
Financial Fragmentation and Challenges for SMEs' Financing, 3 July 2019
Workshop Co-organiser (sponsored by British Academy), Essex Business School, University of Essex, United Kingdom, 3/7/2019
Co-organiser of the 3rd Essex Finance Centre EFiC2018 Conference in Banking and Finance, 5-6 July 2018.
Essex Business School, University of Essex, Colchester, United Kingdom, 5/7/2018
Co-organiser of the 2nd Essex Finance Centre EFiC2017 Conference in Banking and Finance, 5-6 July 2017.
Essex Business School, University of Essex, Colchester, United Kingdom, 7/7/2017
Co-organiser of FINEST@Essex (Financial Intermediation Network of European Studies) Summer Workshop, 6 July 2017.
http://www.finest-network.eu/?2017:-summer-workshop-(essex,-6-july-2017), United Kingdom, 2017
Co-organiser of the 1st Essex Finance Centre EFiC2016 Conference in Banking and Finance, 7-8 July 2016.
Essex Business School, University of Essex, Colchester, United Kingdom, 2016
Teaching and supervision
Previous supervision
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 9/10/2023
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 15/5/2023
Degree type: Occasional Postgraduate Study
Awarded date: 13/4/2021
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 3/7/2020
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 23/1/2020
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 22/11/2019
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 6/12/2018
Degree type: Occasional Postgraduate Study
Awarded date: 16/12/2016
Degree subject: Accounting and Finance
Degree type: Doctor of Philosophy
Awarded date: 2/12/2016
Degree type: Occasional Postgraduate Study
Awarded date: 5/10/2016
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 20/2/2014
Publications
Journal articles (64)
Piserà, S., Gandullia, L. and Girardone, C., (2024). Do responsible practices lead to higher firm productivity? Evidence from Europe. International Journal of Finance and Economics
Girardone, C., Nieri, L., Piserà, S. and Santulli, R., (2024). Does FinTech credit affect firms’ cost of capital and capital structure?. The European Journal of Finance, 1-21
Fang, X., Girardone, C., Li, Y. and Zeng, Y., (2024). Generalist CEOs and stock price crash risk. Journal of Business Finance & Accounting
Chiaramonte, L., Dreassi, A., Girardone, C. and Piserà, S., (2024). Socially responsible banking: Weathering the Covid-19 storm. Journal of International Financial Markets, Institutions and Money. 95, 102029-102029
Girardone, C. and Ricci, O., (2023). Emerging Issues in Banking. Review of Corporate Finance. 3 (3), 245-273
Sha'ban, M., Girardone, C., Sarkisyan, A. and Arun, T., (2023). On the Relationship between Financial Inclusion and Bank Performance. Economic Notes: Review of Banking, Finance and Monetary Economics. 52 (3)
Issa, S., Girardone, C. and Snaith, S., (2022). Banking Competition, Convergence and Growth Across Macro-Regions of MENA. Quarterly Review of Economics and Finance. 84, 534-549
Chiaramonte, L., Dreassi, A., Girardone, C. and Piserà, S., (2022). Do ESG strategies enhance bank stability during financial turmoil? Evidence from Europe. The European Journal of Finance. 28 (12), 1173-1211
Altintas, N., Ferrari, A. and Girardone, C., (2022). Do financial reforms always improve banks efficiency and competition? A long-term analysis of Turkey’s experience. Journal of Banking Regulation. 23 (4), 458-469
Cuomo, F., Gaia, S., Girardone, C. and Piserà, S., (2022). The effects of the EU Non-Financial Reporting Directive on corporate social responsibility. The European Journal of Finance. 30 (7), 726-752
Girardone, C., (2022). Russian sanctions and the banking sector. British Journal of Management. 33 (4), 1683-1688
Flori, A., Giansante, S., Girardone, C. and Pammolli, F., (2021). Banks' business strategies on the edge of distress. Annals of Operations Research. Online (1-2), 1-50
Sun, M., Girardone, C. and Calabrese, R., (2021). What affects bank debt rejections? Bank lending conditions for UK SMEs. The European Journal of Finance. 27 (6), 537-563
Calabrese, R., Girardone, C. and Sclip, A., (2021). Financial fragmentation and SMEs’ access to finance. Small Business Economics. 57 (4), 2041-2065
Coccorese, P. and Girardone, C., (2021). Bank Capital and Profitability: Evidence from a Global Sample. The European Journal of Finance. 27 (9), 827-856
Girardone, C., Kokas, S. and Wood, G., (2021). Diversity and women in finance: Challenges and future perspectives. Journal of Corporate Finance. 71, 101906-101906
Coccorese, P., Girardone, C. and Shaffer, S., (2021). What affects bank market power in the euro area? A country-level structural model approach. Journal of International Money and Finance. 117 (15), 102443-102443
Sclip, A., Girardone, C., Beltrame, F. and Paltrinieri, A., (2021). Bank risks and lending outcomes: Evidence from QE. Journal of International Money and Finance. 118, 102475-102475
Brou, D., Chatterjee, A., Coakley, J., Girardone, C. and Wood, G., (2021). Corporate Governance, Wealth and Income Inequality. Corporate Governance: An International Review. 29 (6), 612-629
Cumming, DJ., Girardone, C. and Sliwa, M., (2021). Corporate Governance in Extreme Institutional Environments. British Journal of Management. 32 (4), 919-946
Chiaramonte, L., Girardone, C., Migliavacca, M. and Poli, F., (2020). Deposit Insurance Schemes and Bank Stability in Europe: How Much Does Design Matter?. European Journal of Finance. 26 (7-8), 589-615
Moscalu, M., Girardone, C. and Calabrese, R., (2020). SMEs’ growth under financing constraints and banking markets integration in the euro area. Journal of Small Business Management. 58 (4), 707-746
Adwan, S., Alhaj-Ismail, A. and Girardone, C., (2020). Fair value accounting and value relevance of equity book value and net income for European financial firms during the crisis. Journal of International Accounting, Auditing and Taxation. 39, 100320-100320
Sha'ban, M., Girardone, C. and Sarkisyan, A., (2020). Cross-Country Variation in Financial Inclusion: A Global Perspective. The European Journal of Finance. 26 (4-5), 319-340
Fiordelisi, F., Girardone, C., Minnucci, F. and Ricci, O., (2020). On the Nexus between Sovereign Risk and Banking Crises. Journal of Corporate Finance. 65, 101717-101717
Coakley, J., Girardone, C. and Kellard, N., (2020). Banks and financial markets in times of uncertainty. The European Journal of Finance. 26 (10), 893-896
Degl'Innocenti, M., Fiordelisi, F., Girardone, C. and Radic, N., (2019). Competition and risk-taking in investment banking. Financial Markets, Institutions and Instruments. 28 (2), 241-260
Sclip, A., Girardone, C. and Miani, S., (2019). Large EU banks' capital and liquidity: Relationship and impact on credit default swap spreads. British Accounting Review. 51 (4), 438-461
Dong, Y., Girardone, C. and Kuo, J-M., (2017). Governance, efficiency and risk taking in Chinese banking. The British Accounting Review. 49 (2), 211-229
Casu, B., Ferrari, A., Girardone, C. and Wilson, JOS., (2016). Integration, productivity and technological spillovers: Evidence for eurozone banking industries. European Journal of Operational Research. 255 (3), 971-983
Chronopoulos, DK., Girardone, C. and Nankervis, JC., (2015). Double Bootstrap Confidence Intervals in the Two‐Stage DEA Approach. Journal of Time Series Analysis. 36 (5), 653-662
Degl’Innocenti, M., Girardone, C. and Torluccio, G., (2014). Diversification, multimarket contacts and profits in the leasing industry. Journal of International Financial Markets, Institutions and Money. 31 (1), 231-252
Girardone, C., Hamill, PA. and Wilson, J., (2013). Contemporary issues in financial markets and institutions. The European Journal of Finance. 19 (9), 811-814
Chortareas, GE., Girardone, C. and Ventouri, A., (2013). Financial freedom and bank efficiency: Evidence from the European Union. Journal of Banking & Finance. 37 (4), 1223-1231
Chronopoulos, DK., Girardone, C. and Nankervis, JC., (2013). How Do Stock Markets in the US and Europe Price Efficiency Gains from Bank M&As?. Journal of Financial Services Research. 43 (3), 243-263
Radić, N., Fiordelisi, F. and Girardone, C., (2012). Efficiency and Risk-Taking in Pre-Crisis Investment Banks. Journal of Financial Services Research. 41 (1-2), 81-101
Chortareas, GE., Girardone, C. and Ventouri, A., (2012). Bank supervision, regulation, and efficiency: Evidence from the European Union. Journal of Financial Stability. 8 (4), 292-302
Degl’Innocenti, M. and Girardone, C., (2012). Ownership, diversification and cost advantages: Evidence from the Italian leasing industry. Journal of International Financial Markets, Institutions and Money. 22 (4), 879-896
Chortareas, GE., Garza-García, JG. and Girardone, C., (2012). Competition, efficiency and interest rate margins in Latin American banking. International Review of Financial Analysis. 24 (C), 93-103
Chortareas, GE., Garza-García, JG. and Girardone, C., (2011). Financial deepening and bank productivity in Latin America. The European Journal of Finance. 17 (9-10), 811-827
Chortareas, GE., Garza‐Garcia, JG. and Girardone, C., (2011). Banking Sector Performance in Latin America: Market Power versus Efficiency. Review of Development Economics. 15 (2), 307-325
Chortareas, GE., Girardone, C. and Ventouri, A., (2011). Financial Frictions, Bank Efficiency and Risk: Evidence from the Eurozone. Journal of Business Finance & Accounting. 38 (1-2), 259-287
Chronopoulos, DK., Girardone, C. and Nankervis, JC., (2011). Are there any cost and profit efficiency gains in financial conglomeration? Evidence from the accession countries. The European Journal of Finance. 17 (8), 603-621
Girardone, C. and Snaith, S., (2011). Project finance loan spreads and disaggregated political risk. Applied Financial Economics. 21 (23), 1725-1734
Radic, N., Fiordelisi, F. and Girardone, C., (2011). Efficiency and Risk-Taking in Pre-Crisis Investment Banks. Journal of Financial Services Research
Casu, B. and Girardone, C., (2010). Integration and efficiency convergence in EU banking markets. Omega. 38 (5), 260-267
Wilson, JOS., Casu, B., Girardone, C. and Molyneux, P., (2010). Emerging themes in banking: Recent literature and directions for future research. The British Accounting Review. 42 (3), 153-169
Casu, B. and Girardone, C., (2009). Testing the relationship between competition and efficiency in banking: A panel data analysis. Economics Letters. 105 (1), 134-137
Chortareas, GE., Girardone, C. and Ventouri, A., (2009). Efficiency and productivity of Greek banks in the EMU era. Applied Financial Economics. 19 (16), 1317-1328
Casu, B. and Girardone, C., (2009). Competition issues in European banking. Journal of Financial Regulation and Compliance. 17 (2), 119-133
Girardone, C., Nankervis, J. and Velentza, E-F., (2009). Efficiency, ownership and financial structure in European banking A cross-country comparison. MANAGERIAL FINANCE. 35 (3), 227-+
Chortareas, GE., Garza-Garcia, JG. and Girardone, C., (2009). Market structure, profits, and spreads in the Mexican banking industry. Banks and Bank Systems. 4 (3), 43-52
Girardone, C., Nankervis, JC. and Velentza, E., (2009). Efficiency, ownership and financial structure in European banking. Managerial Finance. 35 (3), 227-245
Casu, B. and Girardone, C., (2009). Does Competition Lead to Efficiency? The Case of EU Commercial Banks
Velentza, AF., Girardone, C. and Nankervis, JC., (2008). Efficiency across alternative financial structures, bank types and size classes: a comparison of the OECD countries. International Journal of Banking, Accounting and Finance. 1 (2), 168-188
Beccalli, E., Casu, B. and Girardone, C., (2006). Efficiency and Stock Performance in European Banking. Journal of Business Finance & Accounting. 33 (1-2), 245-262
CASU, B. and GIRARDONE, C., (2006). BANK COMPETITION, CONCENTRATION AND EFFICIENCY IN THE SINGLE EUROPEAN MARKET*. The Manchester School. 74 (4), 441-468
Casu, B. and Girardone, C., (2005). An analysis of the relevance of off-balance sheet items in explaining productivity change in European banking. Applied Financial Economics. 15 (15), 1053-1061
Frenz, M., Girardone, C. and Ietto‐Gillies, G., (2005). Multinationality Matters in Innovation: The Case of the UK Financial Services. Industry & Innovation. 12 (1), 65-92
Girardone, C., Molyneux, P. and Gardener, EPM., (2004). Analysing the determinants of bank efficiency: the case of Italian banks. Applied Economics. 36 (3), 215-227
Casu, B., Girardone, C. and Molyneux, P., (2004). Productivity change in European banking: A comparison of parametric and non-parametric approaches. Journal of Banking & Finance. 28 (10), 2521-2540
Casu, B. and Girardone, C., (2004). Large banks' efficiency in the single European market. The Service Industries Journal. 24 (6), 129-142
Casu, B. and Girardone, C., (2004). Financial conglomeration: efficiency, productivity and strategic drive. Applied Financial Economics. 14 (10), 687-696
Casu, B. and Girardone, C., (2002). A comparative study of the cost efficiency of Italian bank conglomerates. Managerial Finance. 28 (9), 3-23
Books (4)
Casu, B., Girardone, C. and Molyneux, P., (2021). Introduction to Banking 3rd Edition eBook PDF. Pearson Higher Ed. 1292240350. 9781292240350
Casu, B., Girardone, C. and Molyneux, P., (2021). Introduction to Banking (Third edition). Pearson
Girardone, C., Hamill, PA. and Wilson, JOS., (2016). Contemporary issues in financial institutions and markets. 9781138809932
Casu, B., Girardone, C. and Molyneux, P., (2015). Introduction to Banking (Second edition). Pearson. 1292240334. 9781292240336
Book chapters (14)
Baeshen, L., Girardone, C. and Sarkisyan, A., (2023). Financial Inclusion and the Gender Gap Across Islamic and Non-Islamic Countries. In: Contemporary Issues in Sustainable Finance. Palgrave. 259- 283. 9783031225383
Sha’ban, M., Girardone, C. and Sarkisyan, A., (2022). Bank Capital and Reputational Risk. In: Studies in Computational Intelligence. Springer International Publishing. 497- 507. 9783031052576
Arun, T., Girardone, C. and Piserà, S., (2022). ESG issues in emerging markets and the role of banks. In: Handbook of Banking and Finance in Emerging Markets. Editors: Duc, KN., . Edward Elgar Publishing. 1800880901. 9781800880900
Sha'Ban, M., Girardone, C. and Sarkisyan, A., (2019). Financial Inclusion: Trends and Determinants. In: Frontier Topics in Banking: Investigating New Trends and Recent Developments in the Financial Industry. Editors: Gualandri, E., Venturelli, V. and Scilp, A., . Palgrave Macmillan. 119- 136. 978-3-030-16295-5
Calabrese, R., Girardone, C. and Sun, M., (2017). Access to Bank Credit: The Role of Awareness of Government Initiatives for UK SMEs. In: Financial Markets, SME Financing and Emerging Economies. Editors: Chesini, G., Giaretta, E. and Paltrinieri, A., . Palgrave Macmillan. 5- 20. 978-3-319-54890-6
Girardone, C., Hamill, PA. and Wilson, JOS., (2016). Introduction: Contemporary issues in financial markets and institutions. 1- 3
Beccalli, E. and Girardone, C., (2016). Banking in Italy. In: The Palgrave Handbook of European Banking. Palgrave Macmillan UK. 521- 540. 9781137521439
Casu, B., Girardone, C. and Molyneux, P., (2012). Is There a Conflict between Competition and Financial Stability?. In: Research Handbook on International Banking and Governance. Edward Elgar Publishing. 72- 86. 9781849802932
Girardone, C. and Snaith, S., (2011). Project finance investments and political risk. In: Global Project Finance, Human Rights and Sustainable Development. Cambridge University Press. 211- 238. 9780521762601
Girardone, C., Chortareas, GE. and Ventouri, A., (2011). Regulation and Bank Performance in Europe. In: Bank Performance, Risk and Firm Financing. Editors: Molyneux, P., . Palgrave Macmillan UK. 154- 173. 978-1-349-33928-0
Chronopoulos, DK., Girardone, C. and Nankervis, JC., (2010). Post-merger Bank Efficiency and Stock Market Reaction: the Case of the US versus Europe. Editors: Fiordelisi, F., Molyneux, P. and Previati, D., . Palgrave Macmillan UK. 0230299156. 978-1-349-32591-7
Radic, N., Fiordelisi, F. and Girardone, C., (2010). Efficiency and Environmental Factors in Investment Banking. In: New Issues in Financial Institutions Management. Editors: Fiordelisi, F., Molyneux, P. and Previati, D.,
Chortareas, G., Girardone, C. and Ventouri, A., (2008). Efficiency and Productivity Change in Greek Banking: Methods and Recent Evidence. In: Frontiers of Banks in a Global Economy. Editors: Vallelado, E. and Molyneux, P.,
Chortareas, G., Girardone, C. and Garza García, JG., (2007). Concentration versus Efficiency and Financial Liberalization in Latin American Banking. In: Issues in Finance and Monetary Policy. Editors: McCombie, J. and González, CR., . Palgrave Macmillan UK. 153- 170. 9781349283620
Grants and funding
2021
Socially responsible banking: Weathering the COVID-19 storm
British Academy
2017
The effects of financial fragmentation post Brexit on SMEs access to finance
The British Academy
2014
Smart Data Analytics for Business and Local Government
Economic & Social Research Council
Contact
Academic support hours:
You can find details of Academic Support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911
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