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Prof. Leonardo Luca Etro

Co-Director of M&A Observatory, CReSV Bocconi University, Milan
SDA Bocconi Professor of Accounting, Control, Corporate and Real Estate Finance

“Degree in Business Administration, Bocconi University, Milan, Italy, 2002
ITP – Kellogg School of Management, Northwestern University, Chicago, 2011”


Curriculum Vitae

Leonardo Etro, Italian, SDA Professor of Accounting, Control, Real Estate and Finance Department at SDA Bocconi, Milan; Professor of Corporate Finance and Corporate Valuation at Bocconi University, where he is also Director of M&A Observatory. His main area of research are Corporate Valuation, M&A transactions, Corporate Restructuring and Private Equity.

He conducted numerous research, training and consulting projects with Confindustria Nazionale, Camera di Commercio, Banco Popolare, UBI Banca, Credit Suisse, Coca Cola Italia, ENI, Prysmian and many others. He has published various national and international works in these areas, among others: Market value and corporate debt: The 2006-2010 international evidence, Applied Financial Economics Journal, Economia & Management. Professor Etro has acted as a consultant to several industrial companies. He is partner of Madison Corporate Finance advisory company, founder of Madison Capital investment club and member of the Board of Directors of several Italian SME.
He is also head of the international development for SDA Bocconi in EMEA area. He has won several prizes at SDA Bocconi such as Best Case of the year, Best Innovation research projects and Best Innovation.

Research Interests

  • Finance for SME
  • Corporate and brand Valuation
  • M&A transactions
  • Corporate restructuring
  • Private Equity & Venture Capital
  • Investment Banking


Articles and chapters in books

Corporate Social Performance and Portfolio Management, (with Dell’Acqua A., Teti E., Andreoletti L.), Journal of Management Development, (2015), 34(9), pp. 1144-1160
IPO Underpricing and Aftermarket Performance in Italy, (with Dell’Acqua A., Murri M., Teti E.), International Journal of Finance and Banking, Vol. 1, No 05 (2014):30-45
Market value and corporate debt. The 2006-2010 international evidence, (with Dell’Acqua A., Teti E., Barbalace P.), Applied Financial Economics Journal, Vol. 23, Issue 6, Pag. 495-504, 2013
Cross Country industry betas, (with A. Dell’Acqua, E. Teti e M. Boero), Corporate Ownership and Control Journal, vol. 10, is. 1, continued 6, November 2012

Other Relevant Information

For any additional information please visit http://www.sdabocconi.it/en/faculty/etro-leonardo-luca