Employee Profile

Salvatore Miglietta

Associate Professor - Department of Finance

Room number B4Y-085
Phone +4746410657
E-mail salvatore.miglietta@bi.no

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

Scientific publications Other

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: 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: 10.1142/S201013921450013X

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

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

[Academic lecture]. Acadmic seminar.

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

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

[Academic lecture]. Key note.

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

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

[Academic lecture]. IDC Herzelia.

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

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

[Academic lecture]. Hebrew University.

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

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

[Academic lecture]. Tel Aviv University.

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

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

[Academic lecture]. FIRS 2017.

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

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

[Academic lecture]. Western Finance Association (WFA) 2017.

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

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

[Academic lecture]. Seminar.

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

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

[Academic lecture]. 2nd SDU Finance Workshop.

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

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

[Academic lecture]. ECGI-NUS 4th EU-Asia Corporate Governance Dialogue,.

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

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

[Academic lecture]. SFS Cavalcade 2017.

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

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

[Academic lecture]. Financial Institutions, Regulation & Corporate Governance (FIRCG) Conference.

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

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

[Academic lecture]. Academic Seminar.

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

Contractual Governance in the Absence of Corporate Law

[Academic lecture]. Midweste Finance Association Meetings.

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

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

[Academic lecture]. European Finance Association Meetings.

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

Contractual Governance in the Absence of Corporate Law

[Academic lecture]. Aarhus University.

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

Contractual Governance in the Absence of Corporate Law

[Academic lecture]. Oxford-LSE law and finance conference.

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

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

[Academic lecture]. Seminar Bank of Canada.

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

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

[Academic lecture]. The 7th annual workshop of The Nordic Corporate Governance Network.

Miglietta, Salvatore (2013)

Incentives and Relative-Wealth Concerns

[Academic lecture]. Thurgau Experimental Economics Meeting.

Miglietta, Salvatore (2013)

Incentives and Relative-Wealth Concerns

[Academic lecture]. North American Summer Meeting Econometric Society.

Miglietta, Salvatore (2010)

Incentive and Relative-Wealth Concerns: Theory and Evidence

[Academic lecture]. Economic Science Association World Meeting.

Miglietta, Salvatore (2010)

Incentive and Relative-Wealth Concerns: Theory and Evidence

[Academic lecture]. European Finance Association Annual Meeting.

Miglietta, Salvatore (2010)

Incentives and Relative-Wealth Concerns: Theory and Evidence

[Academic lecture]. Symposium on Experimental Finance.

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