Valentina Rutigliano

Valentina Rutigliano

Postdoctoral Fellow

University of British Columbia

Hello! I am a Stone Postdoctoral Fellow at the Vancouver School of Economics. In August 2024, I obtained my Ph.D. from the Sauder School of Business.

I am on the 2024/2025 job market.

In my research, I use administrative data to answer questions at the intersection of entrepreneurial finance and labor economics. In my job market paper, I study the effect of children on women-owned start-ups.

You can learn more about me in my CV.

Email me: valentina.rutigliano@sauder.ubc.ca

Research

Working Papers

Minding Your Business or Your Child? Motherhood and the Entrepreneurship Gap
Job Market Paper. Updated draft coming soon.
Presentations: (2024) SFS Cavalcade; CIRANO & Université Laval Les femmes en économie (in French); Organizations & Markets Workshop at Queen’s University (PhD session); CSEF-RCFS Conference on Finance, Labor and Inequality; Linked Employer-Employee Data Workshop; EFA; scheduled: NFA (PhD session); Simon Fraser University; FMA; INFORMS; US Census Bureau

Entrepreneurs' Diversification and Labor Income Risk
with Jan Bena, Andrew Ellul, and Marco Pagano
FMA Best Paper in Corporate Finance; CSEF/UniCredit Foundation Best Paper Award
Presentations: (2023) UNC-Duke Corporate Finance*, SFS Cavalcade, FIRS, CSEF - RCFS Conference on Finance, Labor and Inequality; ECGI Conference on Resilience of Family Businesses*; EFA*; NFA; FMA; HEC Montreal; (2024) ASSA Econometrics Society*, CSEF-IGIER Symposium on Economics and Institutions

Abstract

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.

Teaching

 
 
 
 
 
Instructor
Sep 2021 – Dec 2021
  • COMM 371 Investment Theory (B.Com.), 2021
    Paul Chwelos Memorial Award for Teaching Excellence
 
 
 
 
 
Teaching Assistant
Sep 2018 – Jun 2024
  • BAFI 502 Corporate Finance (MBA), 2019-2024
  • COMM 371 Investment Theory (B.Com.), 2018-2019, 2022
  • BAFI 500 Introductory Finance (MBA), 2018-2020
  • COMM 486Q Advanced Corporate Finance (B.Com.), 2018-2020