Employee Profile

Salvatore Miglietta

Associate Professor

Department of Finance

Image of Salvatore Miglietta

Biography

I earned my PhD degree from the University of Southern California in 2010 and joined the BI faculty the same year. My main area of research is corporate finance with particular attention to employee/executive compensation and corporate governance problems. I am also interested in behavioral and experimental economics. To view my papers and a detailed CV visit my Personal Homepage.

Publications

Burkart, Mike; Miglietta, Salvatore & Ostergaard, Charlotte (2023)

Why Do Boards Exist? Governance Design in the Absence of Corporate Law

The Review of financial studies, 36(5) , s. 1788-1836. Doi: https://doi.org/10.1093/rfs/hhac072

We study under which circumstances firms choose to install boards and their roles in a historical setting in which neither boards nor their duties are mandated by law. Boards arise in firms with large, heterogeneous shareholder bases. We propose that an important role of boards is to mediate between heterogeneous shareholders with divergent interests. Voting restrictions are common and ensure that boards are representative and not captured by large blockholders. Boards are given significant powers to both mediate and monitor management, and these roles are intrinsically linked.

Miglietta, Salvatore (2014)

Incentives and Relative Wealth Concerns

Quarterly Journal of Finance, 4(4) Doi: https://doi.org/10.1142/S201013921450013X

Berzins, Janis; Miglietta, Salvatore, Gautam, Himal & Stacescu, Leon Bogdan (2024)

Family firms and employment

[Conference Lecture]. Event

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2020)

Why do boards exist? Governance design in the absence of corporate law

[Conference Lecture]. Event

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2019)

Why Do Boards Exist? Governance Design in the Absense of Corporate Law

[Conference Lecture]. Event

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2018)

Why Do Boards Exist? Contractual Governance in the Absence of Corporate Law

[Conference Lecture]. Event

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2018)

Why Do Boards Exist? Contractual Governance in the Absence of Corporate Law

[Conference Lecture]. Event

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2018)

Why Do Boards Exist? Contractual Governance in the Absence of Corporate Law

[Conference Lecture]. Event

Miglietta, Salvatore; Ostergaard, Charlotte & Burkart, Mike (2017)

why do boards exist? Governance design in the absence of corporate law

[Conference Lecture]. Event

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2017)

Why do Boards Exist? Governance Design in the Absence of Corporate Law

[Conference Lecture]. Event

Ostergaard, Charlotte; Miglietta, Salvatore & Burkart, Mike (2017)

Why do Boards Exist? Governance Design in the Absence of Corporate Law

[Conference Lecture]. Event

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2017)

Why do Boards Exist? Governance Design in the Absence of Corporate Law

[Conference Lecture]. Event

Miglietta, Salvatore; Ostergaard, Charlotte & Burkart, Mike (2017)

Why Do Boards Exist? Governance Design in the Absence of Corporate Law

[Conference Lecture]. Event

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2017)

Why do Boards Exist? Governance Design in the Absence of Corporate Law

[Conference Lecture]. Event

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2017)

Why do Boards Exist? Governance Design in the Absence of Corporate Law

[Conference Lecture]. Event

Miglietta, Salvatore; Burkart, Mike & Ostergaard, Charlotte (2016)

Why do Boards Exist? Governance Design in the Absence of Corporate Law

[Conference Lecture]. Event

Ostergaard, Charlotte; Miglietta, Salvatore & Burkart, Mike (2016)

Contractual Governance in the Absence of Corporate Law

[Conference Lecture]. Event

Miglietta, Salvatore; Ostergaard, Charlotte & Burkart, Mike (2016)

Contractual Governance in the Absence of Corporate Law

[Conference Lecture]. Event

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2016)

Contractual Governance in the Absence of Corporate Law

[Conference Lecture]. Event

Miglietta, Salvatore; Burkart, Mike & Ostergaard, Charlotte (2016)

Why do Boards Exist? Governance Design in the Absence of Corporate Law.

[Conference Lecture]. Event

Miglietta, Salvatore; Ostergaard, Charlotte & Burkart, Mike (2015)

Contractual Governance in the Absence of Law: Bylaws of Norwegian Firms in the Early 20th Century

[Conference Lecture]. Event

Miglietta, Salvatore; Ostergaard, Charlotte & Burkart, Mike (2015)

Contractual Governance in the Absence of Law: Bylaws of Norwegian Firms in the Early 20th Century

[Conference Lecture]. Event

Miglietta, Salvatore (2013)

Incentives and Relative-Wealth Concerns

[Conference Lecture]. Event

Miglietta, Salvatore (2013)

Incentives and Relative-Wealth Concerns

[Conference Lecture]. Event

Miglietta, Salvatore (2010)

Incentives and Relative-Wealth Concerns: Theory and Evidence

[Conference Lecture]. Event

Miglietta, Salvatore (2010)

Incentive and Relative-Wealth Concerns: Theory and Evidence

[Conference Lecture]. Event

Miglietta, Salvatore (2010)

Incentive and Relative-Wealth Concerns: Theory and Evidence

[Conference Lecture]. Event

Academic Degrees
Year Academic Department Degree
2010 University of Southern California Ph.D.
2001 Bocconi University Master of Science
2000 Bocconi University B.A.
Work Experience
Year Employer Job Title
2012 - Present BI Norwegian Business School Associate Professor
2010 - 2012 BI Norwegian Business School Assistant Professor
2001 - 2003 Unicredit Bank Associate