Prof. Stefano Ramelli
SFI Faculty Member, Assistant Professor in Corporate Finance, University of St.Gallen
Stefano Ramelli is Assistant Professor of Corporate Finance at the University of St.Gallen. Before joining the faculty in St. Gallen, Professor Ramelli worked for several years as an ESG analyst and research manager at Vigeo Eiris, Moody's ESG solutions rating unit.
Expertise
Professor Ramelli focuses on how inflation impacts firm valuation, as inflation can significantly undermine a firm's relationships with its customers, employees, and other stakeholders by triggering a crisis of distrust. Recent US data shows that during a month of high inflation, equity investors rewarded firms with stronger corporate social responsibility (CSR) levels. Further results show that the inflation-hedging property of CSR is stronger in regions exposed to the "corporate greed" narrative of inflation and for firms with higher customer awareness. Overall, these findings spotlight inflation as a crisis in stakeholder trust and provide new insights into the importance of social capital for firm value.
Expertise Fields
- Financial Markets
- Financial Crises
- Portfolio Management and Asset Classes
- Asset Pricing
- Behavioral Finance and Neurofinance
- Equities
- Personal Finance and Household Choices
- Portfolio Management
- Financial Institutions
- Independent Asset Managers
- Institutional Investors and Funds
- Corporate Finance and Governance
- Corporate Governance and Managerial Compensation
- Financial Risk and Risk Management
- Financial Valuation
- Financing Policy and Capital Structure
- Frontier Topics
- Sustainable Finance