Francesca Toscano

Francesca Toscano

Title

Assistant Professor of Finance

Phone

313-577-6884

Email

toscanof@wayne.edu

Office

Mike Ilitch School of Business
2771 Woodward Avenue
Room 376
Detroit, MI 48201

Website

www.toscanof.com

Francesca Toscano

Academic Programs

  • Finance

Expertise

  • Credit ratings
  • Effects of regulations on credit ratings
  • Role of equity analysts
  • Dynamics of CEO turnover
  • Trade Credit
  • Policy Uncertainty

Research and teaching interests

Research Interests:

  • Corporate Finance
  • Corporate Governance
  • Monetary Economics
  • Financial Economics

Teaching Interests:

  •  Business Finance
  • Corporate Financial Management
  • Empirical Corporate Finance

Reviewer for:

  • Review of Financial Studies
  • Journal of Corporate Finance
  • Journal of Banking and Finance
  • Journal of Business Research

Education

2017, Ph.D. in Economics, Boston College, Chestnut Hill, MA

Dissertation Title: “Essays in Corporate Finance: Credit Ratings, Equity Analysts and CEO Turnover”

2014, M.A. in Economics, Boston College, Chestnut Hill, MA

2011,  Master in Economics and Finance, XV edition, University of Naples Federico II, Naples, Italy

2010,  M.Sc. in Economics, Summa cum Laude, University of Salerno, Salerno, Italy

2008, B.A. in Economics and Finance, Summa cum Laude, University of Salerno, Salerno, Italy

Publications

 Does the Dodd-Frank reduce the conflict of interests of credit rating agencies?, Journal of Corporate Finance, Vol. 62, June 2020.

Policy Uncertainty and Short-Term Financing: The Case of Trade Credit (co-authored with R. D'Mello), Forthcoming in Journal of Corporate Finance, 2020.

Presentations

“Does the Dodd-Frank Act Reduce the Conflicts of Interest Faced by Credit Rating Agencies?” 

  • Northern Finance Association Meeting, Charlevoix, September 2018.
  • Southern Finance Association Meeting, Florida, November 15 – 18, 2017
  • Federal Reserve Bank of Boston, January 2017
  • Wayne State University, Department of Finance, November 2016
  • Finance and Economics Conference 2016, Frankfurt am Main, Germany, Lupcon, August 2016
  • CSEF Lunch Talk, University of Naples, May 2015
  • Dissertation Workshop, Department of Economics, Boston College, (March 2015, December 2015, September 2016)

“CEO Turnover and Credit Rating Changes: Theory and Evidence” (co-authored with A. M. C. Menichini)

  • Southern Finance Association Meeting, Florida, November 15 – 18, 2017
  • 13th Csef-Igier Symposium on Economics and Institutions, Capri, 26-29 June, 2017
  • Financial Management Association Conference, Lisbon, June 22-23, 2017
  • World Finance Conference, Sardinia, July 26-28, 2017
  • Dissertation Workshop, Department of Economics, Boston College, (March 2016)

"Suppliers as Financiers of the Last Resort: The Effect of Exogenous Changes in Analyst Coverage on Trade Credit" (co-authored with T. J. Chemmanur)

  • Financial Management Association, New Orleans, 23-26 October, 2019
  • Midwest Finance Association Meeting, Chicago, March 2019
  • Wayne State University, Brown Bag Seminar, October 2018

"Credit Rating Agencies, Equity Analyst Recommendations and Information Flows to the Bond and Stock Markets" (co-authored with T. J. Chemmanur and I. Karagodsky)

  • Financial Management Association, New Orleans, 23-26 October, 2019

"Policy Uncertainty and Short-Term Financing: The Case of Trade Credit" (co-authored with R. D'Mello)

  • Eastern Finance Association Meetings, Boston, April 2020
  • Wayne State University, Brown Bag Seminar, February 2019

"The Declining Trade Credit Ratio Puzzle" (co-authored with R. D'Mello and M. Gruskin)

  • Financial Management Association Meetings, New York, October 2020
  • Eastern Finance Association, Boston, April 2020