VERA PALEA, Ph.D. University of Torino- Department of Economics and Statistics Cognetti de Martiis Torino (Italy), Campus Luigi Einaudi, Lungo Dora Siena 100/A Building D1, 3rd Floor, Room 23 vera.palea@unito.it; vera.palea@gmail.com CURRICULUM VITAE Academic Position and Curriculum Qualified as Associate Professor in Business Economics by the Italian Ministry of Education. Researcher (tenured) and Adjunct Professor in Financial Reporting and Analysis, University of Torino, Italy Ph.D. in Finance, Bocconi University, Milan, Italy. ITP (International Teaching Program), Kellogg School, Northwestern University, Chicago, USA. University Degree in Economics, University of Torino. Teaching 2013 to date: Financial Reporting and Analysis, bachelor s degree in Economics and Statistics, University of Torino. 2005 2013: Financial Reporting and Analysis, bachelor s degree in Business Administration, University of Torino. 2006 to date: Disclosure for Capital Markets, Master in Accounting, Auditing and Control, Bocconi University. 2007 2013: Firm Risk Analysis, bachelor s degree in Statistics, University of Torino. 2007- to date: Financial Reporting and Analysis, Master in Human Resources Organization & Development, University of Torino. Research Interest Relationship between financial information and capital market behaviour. The impact of financial reporting on real economy. Corporate valuation and risk assessment. Publications (selected) Books: - Vera Palea, Financial Reporting under IAS/IFRS: Theoretical Background and Capital Market Evidence A European Perspective, Peter Lang Academic Publisher, 2013 (with the Foreword of Francois Flores, chairman of EFRAG European Financial Reporting Advisory Group). - Vera Palea, Rischio, Rendimento e Fondamentali d Impresa, Pearson-Prentice Hall, 2010 (Financial Times Group, now in the process of being translated into English as Risk, Returns and Fundamental Analysis ). - Vera Palea, La Valutazione del Rischio d Impresa Logica e Metodologia dell Analisi Finanziaria, Giappichelli, 2007. Pagina 1 di 7
- Vera Palea (Editor), Sviluppo Economico e Riforma della Finanza Pubblica nell Unione Europea, Franco Angeli, 2007 (Economic Growth and Tax Reform in the European Union). - Vera Palea, IAS/IFRS: The Economic Consequences of Increased Disclosure. The Effect of the IAS/IFRS Adoption in the European Union on Banks Cost of Equity, Franco Angeli, 2006. - Vera Palea, Il Rapporto di Cambio nelle Operazioni di Fusione e di Scissione, Giappichelli, 2000. Refereed articles: - Vera Palea, Financial Reporting for Varieties of Capitalism: Does a Single Set of Global Standards Fit for All? The European Union Review, Forthcoming, 2015. - Vera Palea, The Politics of Fair Value Reporting and the Governance of the Standards Setting Process: Critical Issues and Pitfalls from a European Perspective, Critical Perspectives on Accounting, Forthcoming, 2015. - Vera Palea, Are IFRS Value-relevant for Separate Financial Statements: Evidence from the Italian Stock Market, Journal of International Accounting, Auditing and Taxation, 2014, Vol. 23, 1-17. - Vera Palea, Fair value Accounting and Its Usefulness to Financial Statement Users, Journal of Financial Reporting and Accounting, 2014, Vol. 12 (2). - Vera Palea, IAS/IFRS and Financial Reporting Quality: Lessons from the European Experience, China Journal of Accounting Research, 2013, Vol. 6, December. - Vera Palea, Private Equity Fair Value Measurement: A Critical Perspective on IFRS 13, The Australian Accounting Review, 2013, Vol 23 (3), September. - Vera Palea, The Effects of the European Regulation 1606/2002 on Market Efficiency: Early Evidence from Empirical Research, The European Union Review, 2012, November. - Vera Palea, The Effects of the IAS/IFRS Adoption in the European Union on the Financial Industry, The European Union Review, Vol. 12, n. 1-2 2007. - Vera Palea, International Taxation for Funding the U.N., in The Federalist Debate, n. 3, November 2004. - Vera Palea, The Tobin Tax, in The Federalist Debate, n. 1, April 2000. Book Chapters: - Vera Palea et al., I riflessi della riforma del diritto societario sulle società quotate, in La riforma delle società: prime valutazioni operative sul nuovo diritto societario, Il Sole 24 Ore, 2003 (first edition) and 2004 (second edition). - Vera Palea et al., I patti parasociali. L impatto della riforma sulla disciplina dei patti parasociali nelle s.p.a. in La riforma del diritto societario. Problematiche applicative, Il Sole 24 Ore, 2003. - Vera Palea et al., Le operazioni fuori bilancio in L imposta sul reddito della società, Il Sole 24 Ore, 2004. Pagina 2 di 7
Peer Reviewed Working Papers: - Vera Palea, The Effect of the European Regulation 1606/2002 on Market Efficiency: Early Empirical Evidence and Some Suggestions for Future Research and policy-making Discussion, Department of Economics and Statistics, University of Turin, Working Paper Series, No 10, 2013. - Vera Palea, Capital Market Effects of the IFRS adoption for Separate Financial Statements: Evidence from the Italian Stock Market, Department of Economics and Statistics, University of Turin, Working Paper Series, No 9, 2013, presented at the European Accounting Association Congress, 2013. - Vera Palea, Renato Maino, Fair Value Measurement for Private Equities: a Plus or a Minus for Stakeholders?, CAREFIN, Center for Applied Research in Finance, Bocconi University, November 2011, presented at the European Accounting Association Congress 2012 (Top Ten listed in SSRN), Financial Accounting ejournal, Vol. 4, August 2012; - Vera Palea, Renato Maino, Fair Value Measurement under IFRS 13: A Faithful Representation of Real- Word Economic Phenomena?, Department of Economics and Statistics, University of Turin (Top Ten listed in SSRN). Non Peer Reviewed Working Papers: - Accounting for Varieties of Capitalism: the IASB, the EU and the Lisbon Treaty, mimeo 2014. - Do Earnings Reported under IFRS Improve the Prediction of Future Cash Flows? Evidence from European Banks, mimeo 2014. - The Effects of Accounting Standardization in The European Union on the Capital Market: First Evidence from the Bank Industry, Social Science Research Network Library, 2006. - Explaining and Testing the Economic Organization of Capabilities in the Light of the Contractual Theories of the Firm, Social Science Research Network Library, 2004. - Environmental Management Control Systems in Italian Ecological Risk-sensitive Firms: a Theoretical Framework for Research, Social Science Research Network Library, 2004. - Effects of FAS 142 on Balance-sheet: a Comparative Analysis, Social Science Research Network Library, 2003. Works in Progress Fundamental Information Analysis and Stakeholders versus Shareholders Value Maximization Principle and the Firm Value. Research Grants (last 5 years): - Education to Citizenship, project funded by Fondazione CRT, 2014. - Capital Market Effects of Fair Value Reporting in the European Union: An Analysis of the Valuerelevance of Earnings and their Predictive Ability of Cash-flows in the Banking Industry, research project funded by the University of Torino, 2013. Pagina 3 di 7
- "Value Relevance of International Accounting Standards for Separate Financial Statements: Evidence from the Italian Stock Market", research project funded by the University of Torino, 2012. - "Informativa Finanziaria e Mercato dei Capitali", research project funded by the University of Torino, 2009. Editorial Board Memberships and Refereeing - Associate Editor to Australasian Accounting, Business and Finance Journal. - Member of the Editorial Board of: - Journal of Financial Reporting and Accounting. - Bulletin of Applied Economics. - Journal of Business and Economics Research. - International Journal of Business and Management (Canadian Centre of Science and Education). - Business and Entrepreneurship Journal, Sciencepress. - European Research Studies Journal. - Chinese Business Review. - China-USA Business Review. - International Journal of Economics and Business Administration. Referee for: - Journal of Industrial and Business Economics. - Journal of Applied Accounting Research. - Journal of Financial Reporting and Accounting. - Australasian Accounting, Business and Finance Journal. - Advances in Accounting. - International Journal of Economic Science and Applied Research. - European Business Review. - The European Union Review. - The Euro-Atlantic Union Review. - Chinese Business Review. - China-USA Business Review. - The Institute for Business and Finance Research Journals. Research Centers Fellowships - Member of IBEACON, International Business, Economics & Accounting Collaborative Network, San Diego State University, San Diego, USA. - Member of the World Business Institute, Australia. - Member of the Canadian Center of Science and Education. - Member of the Clute Institute for Academic Research, Denver, Colorado, USA. Pagina 4 di 7
- Member of CESI, Centro Einstein Studi Internazionali, Italy. Academic Memberships - Member of the European Finance Association. - Member of the European Institute for Advances Studies in Management. - Member of the European Accounting Association. - Member of the American Accounting Association. - Member of the Canadian Academic Accounting Association. - Member of the Pacioli Society of the University of Sidney. - Member of the International Association for Accounting Education and Research (IAAER). - Member of the Società Italiana dei Docenti di Ragioneria ed Economia Aziendale (SIDREA). - Member of the Accademia Italiana Docenti di Economia Aziendale (AIDEA). - Member of the Society for the Advancement of Socio-Economics (SASE). - Member of the Associazione Universitaria di Studi Europei (AUSE) and auditor of the Association. - Member of the International Academy of Business and Economics. Recent Seminars, Conferences and Paper Presentations (last two years) Conference Scientific Committees - Member of the Scientific Committee of ICABE 2015, International Conference in Applied Business and Economics, New York, organized by New York Stern School of Business, Loyola State University Chicago, George Washington University, 2015. - Member of the Scientific Committee of the 9th International Scientific Conference on Economic and Social Development, organized by the Economic and Social Development Association, Istanbul, 2015. - Member of the Scientific Committee of the 8th International Scientific Conference on Economic and Social Development, Building Resilient Economy, organized by the Economic and Social Development Association, Istanbul, 2015. - Member of the Scientific Committee of the 7th International Scientific Conference on Economic and Social Development, organized by the Economic and Social Development Association, New York, 2014. - Member of the Scientific Committee of ICABE 2014, International Conference in Applied Business and Economics, on How far is the Upturn in Europe? The Way Out, organized by New York Stern School of Business, Loyola State University Chicago, George Washington University, 2014. - Member of the Scientific Committee of ICABE 2013, International Conference in Applied Business and Economics, on The Role of Financial Accountability and Transparency in Economic Activities, organized by New York Stern School of Business, City University of New York, Loyola State University Chicago, Levy Economics Institute at Bard College, George Washington University, 2013. - Member of the Scientific Committee of Citizenship, organized by the University of Torino, 2014. Pagina 5 di 7
Paper Presentations - 13 th Annual International Conference on Accounting, Athens Institute for Education and Research, Athens, Greece 2015. -12 th World Congress of Accounting Educators and Researcher, International Association of Accounting Education and Research, University of Florence, Florence, 2014. - 7th International Scientific Conference on Economic and Social Development, Economic and Social Development Association, New York, 2014. -World Finance & Banking Symposium, Singapore, 2014 - World Finance Congress, Ca Foscari University, Venice, 2014 - Economic and Social Development Conference, New York, 2014 - The Society for the Advancement of Socio-Economics, Northwestern and Chicago Booth Universities, Chicago, 2014 - European Accounting Association Congress, Tallin, 2014 - Conference on Citizenship, University of Torino, 2014 -International Symposium on Accounting and Finance, Macao Polytechnic Institute, 2013. - Workshop in Accounting and Regulation, Siena, July, 2013 - European Accounting Association Congress, Paris, May, 2013 - European Accounting Association Congress, Ljubljana, 2012 Other Appointments and Academic Activities - Member of the Expert Panel, European Union, 7 th Framework Program. - Member of the Expert Panel, European Union, European Cooperation in Science and Technology Program (Ecost). - Member of the Expert Advisory Panel, Italian Ministery for Education and Research. - Member of the Foreign Expert Advisory Panel, Greek Ministery for Education and Research. - Member of the Board, Department of Economics and Statistics, University of Turin. - Member of the Teaching Supervision Committee, Department of Economics and Statistics, University of Turin. - Member of the Stage Supervision Committee, Department of Economics and Statistics, University of Turin. - Member of the Scientific Committee and Faculty, Ph.D. in Business Administration, University of Bergamo. - Member of the Scientific Committee and Faculty, Master in Human Resources Organization & Development, University of Turin. - Member of C.E.S.I. (Einstein International Study Centre), Center of Political and Economic Studies. Main scientific interest: economic and institutional instruments for the European Union and world governance. Pagina 6 di 7
Editor, on behalf of CESI, of the volume Sviluppo economico e riforma della finanza pubblica nell Unione Europea, FrancoAngeli, 2007 (Economic Growth and Tax Reform in the European Union). - Auditor AUSE, Associazione Universitaria di Studi Europei. - Member of the Editorial Staff of the English-language international journal The Federalist Debate. Author of: - International Taxation for Funding the U.N., in The Federalist Debate, n. 3, November 2004; - The Tobin Tax, in The Federalist Debate, n. 1, April 2000; - Of Paradise and Power: America vs. Europe in the New World Order. A critical analysis of Robert Kagan s thought in The Federalist Debate, n. 2, July 2003; - The Declining Superpower: Samuel P. Huntington s Contribution to the Debate on the Future World Order, in The Federalist Debate, n. 1-3, November 1999. February 2015 Pagina 7 di 7