Employment. University of Applied Sciences of Augsburg, Faculty of Business (Augsburg, Germany) Adjunct Professor of Finance, October 2013 Present

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1 DUCCIO MARTELLI University of Perugia, Department of Economics Via Pascoli, Perugia (Italy) Office: (+39) ResearcherID: F ORCID: Employment Harvard University (Cambridge, MA, USA) Summer school professor, from June 2015 University of Applied Sciences of Augsburg, Faculty of Business (Augsburg, Germany) Adjunct Professor of Finance, October 2013 Present University of Perugia, Department of Economics (Perugia, Italy) Assistant Professor of Finance, September 2011 Present Education Summer school in econometrics, Italian Association of University Teachers of Banking and Finance ADEIMF (Lecce, Italy), September 2014 Ph.D. in Banking and Finance, University of Rome Tor Vergata (Rome, Italy), June 2010 Summer school in behavioral finance, Harvard University (Cambridge, MA), Summer School, June-August 2008 Master for Financial and Business Analysist, Bocconi University (Milan, Italy), University of Rome La Sapienza (Rome, Italy) and Simest SpA, September 2004 Degree in Financial Markets (cum laude), Bocconi University (Milan, Italy), April 2003 Teaching Experience _ Harvard University, Harvard Summer School (Cambridge, MA, USA) Financial Strategy and Behavioral Finance: Summer 2015 Technische Universität München, Dept. of Mathematical Finance (Munich, Germany) Behavioral finance (Ph.D., seminar series): Fall 2014 Duccio Martelli s CV (February 02, 2015) 1

2 University of Applied Sciences of Augsburg (Augsburg, Germany) Behavioral finance (graduate): Fall 2013, 2014 Private banking (graduate): Fall 2013, 2014 Real estate finance (graduate): Fall 2013 Behavioral finance (seminars): May 2013, 2014 University of Perugia (Perugia, Italy) Financial Markets and Institutions (undergraduate): Fall 2013, 2014 Corporate Finance (undergraduate): Fall 2011, 2012 Enterprise Risk Management (graduate): Spring 2012 University of Perugia (Perugia, Italy) Teaching Assistant Corporate Finance (postgraduate): Spring 2010 Risk Management and Insurance (postgraduate): Spring 2010 University of Rome Tor Vergata (Rome, Italy) Teaching Assistant Commercial Banking Management (undergraduate): Spring 2008, 2009 Derivative Instruments (postgraduate, in English): Fall 2007, 2008, 2009 Financial Markets and Institutions (undergraduate): Fall 2007, 2008, 2009 Portfolio Management (postgraduate): Fall 2006, 2007 Asset Management (postgraduate): Spring 2007, 2008 University of Enna Kore (Enna, Italy) Financial Mathematics (postgraduate): Fall 2008 University of Teramo (Teramo, Italy) Financial Markets (postgraduate): Fall 2007 University TEL.M.A (Rome, Italy) Teaching Assistant Financial Markets and Institutions (undergraduate, online): 2007, 2008 Risk Management and Insurance (undergraduate, online): 2007, 2008 Asset Management (postgraduate, online): 2007, 2008 Publications _ Burchi A. and Martelli D., Herding Behavior in the Chinese Stock Market. A Comparative Analysis with Other BRICS Countries, Review of Behavioral Finance, resubmitted Martelli D. and Dal Santo A., Increasing financial literacy through simulations: the case of the CFA Society Italy Fund Management Challenge, Journal of Financial Management Markets and Institutions, first submission Fiordelisi F. and Martelli D., Corporate culture and merger success in banking, first submission Duccio Martelli s CV (February 02, 2015) 2

3 Martelli D., Il rischio finanziario, in Nadotti. L.L.M., Il risk management nelle imprese umbre, forthcoming Martelli D., Le azioni: tipologie, rendimento e rischi, in Banfi A., Nadotti L.L.M., Tagliavini G. and Valletta M. (eds), Economia del mercato mobiliare, Isedi, forthcoming Aristei D. and Martelli D. (2014), Sovereign bond yield spreads and market sentiment and expectations. Empirical evidence from Euro area countries, Journal of Economics and Business, Vol. 76, pp , doi: /j.jeconbus (http://authors.elsevier.com/a/1q914xoijlhie) Bonanni E., Guidoni F., Martelli D. and Testoni L. (2014), La finanza Sri in Italia: un opportunità da cogliere, Atti del Convegno Colloquio Scientifico sull impresa Sociale, Perugia (Italy), May 23-24, Dipartimento di Economia, Università degli Studi di Perugia, ISBN: Martelli D. (2013), La gestione del business plan dopo l'inizio dell'attività, in Nadotti L.L.M. (ed.), Progettazione e finanziamento delle imprese startup, pp , ISEDI, ISBN: Martelli D. (2013), Il progetto d'impresa: dall'idea alla realizzazione del business plan, in Nadotti L.L.M. (ed.), Progettazione e finanziamento delle imprese startup, pp , ISEDI, ISBN: Martelli D. (2013), Comportamenti opportunistici nelle simulazioni di trading: un caso studio, in Nadotti L.L.M. (ed.), Borse e asset management. vol. 2, pp , Edizioni Nuova Prhomos, ISBN: Martelli D. (2013), Learning from experience or learning for convenience?, Qualitative Research In Financial Markets, vol. 5, pp , ISSN: , doi: /QRFM Carretta A., Farina V., Fiordelisi F., Martelli D., Schwizer P. (2011), The Impact of Corporate Governance Press News on Stock Market Returns, European Financial Management, Vol. 17(1), p , ISSN: , doi: /j X x Fiordelisi F. and Martelli D. (2010), The impact of corporate culture, efficiency and geographic distance on M&A results: the European case, in Fiordelisi, F., Molyneux, P. and Previati, D. (eds), New Issues in Financial Markets and Institutions Management, Palgrave Macmillan, U.K., p , ISBN Martelli D. (2010), Il ruolo chiave della cultura aziendale nei processi di fusione di grandi banche, in Bancaria, vol. 7/8, p , ISSN: Carretta A., Farina V., Fiordelisi F., Martelli D., Schwizer P. and Soana M.G. (2009), L impatto delle notizie di corporate governance sulla performance delle società quotate, in Maggioli, V., Duccio Martelli s CV (February 02, 2015) 3

4 Potito, L. e Viganò, R. (eds), Corporate governance: governo, controllo e struttura finanziaria, XXXI AIDEA (Italian Academy of Business Administration and Management) Meeting, Napoli (Italy), October, 16-17, 2008, Il Mulino, Bologna, p , ISBN: Carretta A., Farina V., Fiordelisi F., Martelli D., Schwizer P. and Soana M.G. (2008), Corporate governance e performance delle società quotate: il ruolo delle notizie diffuse dai media. Banca, Impresa e Società, Il Mulino, Bologna (Italy), Year XXVII, n. 3 (December 2008), p , ISSN: ; DOI: /28192 Carretta A., Fiordelisi F., Caratelli M. and Martelli D. (2008). La mia banca è differente! Performance e determinanti del localismo bancario, in Bracchi G., Masciandaro D. (eds), XIII Rapporto sul Sistema Finanziario Italiano Banche italiane e governo dei rischi, Imprese, famiglie, regole., Edibank-Bancaria Editrice, Milano (Italy), p , ISBN: Carretta A., Farina V., Fiordelisi F., Martelli D. and Schwizer P. (2008), The Role of Corporate Governance News: Evidence from Italy, working paper available at SSRN: Working Papers _ Sovereign bond yield spreads and market sentiment: the role of the crisis (with David Aristei) Investors attention and merger success in banking (with Franco Fiordelisi and Vincenzo Farina) Corporate culture and merger results in banking (with Franco Fiordelisi) Conferences and Presentations Martelli D. and Aristei, D. (2014), Behavioral Factors Influencing Sovereign Bond Yield Spreads: Evidence from Euro Countries, 2014 Annual Meeting of the Academy of Behavioral Finance & Economics, Los Angeles (USA), September Martelli, D. (2014), proponent and chair of the Special Session Training and trading, 2014 Annual Meeting of the Academy of Behavioral Finance & Economics, Los Angeles (USA), September Martelli D. and Aristei, D. (2014), Behavioral Factors Influencing Sovereign Bond Yield Spreads: Evidence from Euro Countries, 23 rd Annual Meetings, European Financial Management Association, Rome (Italy), June Martelli, D. and Burchi, A. (2014), Herding Behavior in Emerging Markets, 12th INFINITI Conference on International Finance, INFINITI, Prato, June 9-10 Duccio Martelli s CV (February 02, 2015) 4

5 Bonanni, E., Guidoni, F., Martelli, D. and Testoni, L. (2014), La finanza Sri in Italia: un opportunità da cogliere, Colloquio Scientifico sull impresa Sociale, Perugia (Italy), May Aristei, D. and Martelli, D. (2013), Sovereign bond yield spreads and market sentiment. Empirical evidence from Euro countries, Behavioural Finance Working Group Conference, London (UK), December Martelli, D. and Burchi, A. (2013), Herding Behavior in the Chinese Stock Market. A Comparative Analysis with Other BRICS, World Finance & Banking Symposium, Beijing (China), December Martelli, D. (2013), proponent and chair of the Special Session Do Trading Simulations Really Help Students to Improve Their Financial Knowledge?, Fifth Annual Meeting of the Academy of Behavioral Finance & Economics, Chicago (USA), September Martelli, D. and Burchi, A. (2013), Herding Behavior in the Chinese Stock Market. A Comparative Analysis with Other BRICS, ADEIMF Annual Conference, Lecce (Italy), September Martelli, D. (2012), Going for broke! Opportunistic behaviors in trading simulations, Fourth Annual Meeting of the Academy of Behavioral Finance & Economics, New York City (USA), September Fiordelisi, F. and Martelli, D. (2012), Corporate culture and merger success in banking, 74th Annual Meeting of the German Academic Association for Business Research (VHB), Bolzano (Italy), May 30-June 2 Gallo M., Martelli D. and Vannoni V, I canali di distribuzione dei servizi bancari per le imprese, XXXIV Annual Conference AIDEA (Italian Academy of Business Administration and Management), Perugia (Italy), October Fiordelisi F. and Martelli D., Corporate culture and merger results in banking, 2011 IFABS Annual Conference, Rome (Italy), June 29-July 2 Martelli D., Learning from experience or learning for convenience?, Banca, Mercati e Territorio Conference, Terni (Italy), May 10 Fiordelisi, F. and Martelli, D. (2010), Corporate Culture and M&A Results in the European Banking, 2010 FMA Annual Meeting, New York City, NY (USA), October Fiordelisi, F. and Martelli, D. (2010), Corporate Culture and M&A results in the European banking, International Conference on "Global Trends in the Efficiency and Risk Management of Financial Services", Chania (Greece), July 2-4 Duccio Martelli s CV (February 02, 2015) 5

6 Giannotti, C., Martelli, D. and Pischedda L. (2010), The Analysis Of Tenant Risk In The Italian Real Estate Market, ERES - European Real Estate Society, 17th Annual European Real Estate Society Conference 2008, Milano (Italy), June Gallo M., Martelli D. and Vannoni V, La crisi finanziaria e la liquidità nei bilanci delle banche italiane, ADEIMF Annual Conference, June Fiordelisi, F. and Martelli, D. (2009), The impact of corporate culture, efficiency and geographic distance on M&A results: the European case, 2009 European Association of University Teachers of Banking and Finance Wolpertinger Annual Conference, Roma (Italy), September 2-5 Carretta, A., Farina, V., Fiordelisi, F., Martelli D. and Schwizer, P. (2009). The impact of corporate governance press news on stock market returns, 2009 EFMA Conference, Milano (Italy), June Carretta, A., Farina, V., Fiordelisi, F., Martelli D., Schwizer, P. and Soana, M.G. (2008), Corporate governance e performance delle società quotate: il ruolo delle notizie diffuse dai media, XXXI AIDEA (Italian Academy of Business Administration and Management) Meeting, Napoli (Italia), October Giannotti, C., Manstretta, D., and Martelli, D. (2008), Tenant risk in the Italian real estate funds: analysis and communication, ERES - European Real Estate Society, 15th Annual European Real Estate Society Conference 2008, Krakow (Poland), June, Professional Activities Member of the following Organizational Committees: International Finance and Banking Society, IFABS (Rome, Italy): 2011 Banca, Mercati e Territorio (Terni, Italy): 2011 European Association of University Teachers of Banking and Finance (Rome, Italy): 2009 Member of the organizational committee of University trading challenge, the first online trading game with real money reserved to European undergraduate and graduate students and sponsored by a primary online broker Executive Education and Consulting Advisor and teacher on the following areas: behavioral finance, financial education, asset allocation, private banking and real estate finance Duccio Martelli s CV (February 02, 2015) 6

7 Honors and Awards University of Perugia, Post-doc annual fellowships, 2010 and 2011 University of Rome Tor Vergata, Fellowship for Doctoral Studies, Simest SpA, Fellowship for the Master in Financial Analysis, September Affiliations Academy of Behavioral Finance and Economics, Society of Neuroeconomics, Italian Association of University Teachers of Banking and Finance (ADEIMF) Non-Academic Experience Accenture, Rome (Italy), Strategy consultant, September 2004 September 2006 Cimentas, Izmir (Turkey), Financial Analyst (internship), June-August 2006 Simest SpA, Rome (Italy), Business Analyst, September 2003 September 2004 Twice Sim SpA, Milan (Italy), Trader and asset manager, November 2002 August 2003 Financial Advisors SpA, Milan (Italy), Stock market analyst and journalist, May-November 2002 Media Citations / Tv interviews 2014: Class CNBC (Jan 27); Radio 24 (March 28) 2013: Class CNBC (May 20, October 29) 2012: Class CNBC (July 9, 18) 2011: Class CNBC (February 28, May 16, July 11) 2010: Il Sole 24 Ore (April 9); Rai Radio 1 (November 2); Class CNBC (November 11) Other Personal Information Interests: former professional basketball player, I like playing golf and kendo (Japanese sword), and travelling. Duccio Martelli s CV (February 02, 2015) 7

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