Welcome!
I am a Ph.D. candidate in Finance at the University of British Columbia, Sauder School of Business.
My research interests include corporate finance, entrepreneurship, and labor economics. Currently, I research the effect of corporate ownership structure on workers and the determinants of entrepreneurial entry and success. I am especially interested in understanding what causes the persistent gender gap in entrepreneurship.
You can find my CV here.
Email: valentina.rutigliano@sauder.ubc.ca
Address: HA884D, 2053 Main Mall, Vancouver, BC V6T 1Z2
Entrepreneurs with better diversified portfolios provide more insurance to employees against labor income risk: in a sample of over 524,000 Canadian firms and 858,000 owners, firms owned by more diversified entrepreneurs offer more stable jobs and earnings to employees when faced by idiosyncratic shocks. A one standard deviation increase in owner’s diversification reduces the shock’s pass-through rate to labor layoffs by 13% and to workers’ earnings by 41%. The data are consistent with such insurance being partly provided to retain valuable human capital and partly to avoid costly terminations. There is no evidence of insurance being priced in average wages.