ACADEMIC APPOINTMENTS - Xavier University

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Revised March 6, 22MIA L. RIVOLTAFinance Department, Xavier University3800 Victory Parkway, Cincinnati, OH 45244Citizenship: United StatesCell: 936-577-9779rivoltay@xavier.eduACADEMIC APPOINTMENTSAssociate Professor, Finance Department, Xavier University, Cincinnati, OH2022-presentAssistant Professor, Finance Department, Xavier University, Cincinnati, OH2015-2022Visiting Assistant Professor, Finance Division, Babson College, Wellesley, MA2014-2015EDUCATIONPh.D. in Finance, The University of Tennessee, Knoxville, TN2009-2014M.S. in Finance, Sam Houston State University, Huntsville, TX2007-2009B.S. in Finance, ZhongNan University of Economics and Law, Wuhan, China2002-2006RESEARCH INTERESTSCorporate Finance and Governance, CEO Succession Planning, and CEO CompensationTEACHING INTERESTSCorporate Finance, Investments, Security ValuationREFEREED PUBLICATIONSA Game of Thrones – Dynamics of Internal CEO Succession and Outcome 1 (With BrianBlank, Brandy Hadley and Kristina Minnick)European Financial Management, 1-45, 2021 (Online)Can non-CEO Inside Directors Add Value? Evidence From Unplanned CEO Turnovers2(With Laurie Krigman)Review of Accounting and Finance (2019) Vol. 18 No. 3, pp. 456-482A previous version of this paper circulated under the name “Worth the Fight? The Role of Internal Competition onNew CEO’s Compensation”.2A previous version of this paper circulated under the name “The Importance of Non-CEO Inside Directors WhenCEOs Suddenly Depart.”1Mia L. Rivolta – CVPage 1 of 5

Revised March 6, 22Worth the Wait? Delays in CEO Succession after Unplanned CEO DeparturesJournal of Corporate Finance (JCF) 49 (2018) 225–251Heir to the Throne: Choice of the Replacement CEO after Unexpected CEO TurnoversInternational Journal of Financial Research, Vol. 9, No. 2; 2018Does lead time in CEO succession matter? Evidence from planned versus unexpectedCEO departures, International Journal of Financial Research, Vol. 9, No. 3; 2018WORKING PAPERSWhen in Rome: Local Social Norms and Tournament Incentives (With Kristina Minnickand Natasha Burns)Revise and Resubmit at the Financial ReviewWe examine the role of local social norms that facilitate cooperation, as measured by social capital,on tournament incentives. We find that in U.S. counties with higher social capital, pay differentialsbetween the CEO and other executives, i.e. tournament, are lower. We use a variety of experimentswhich are shown to change social capital, such as legalization of gambling and marijuana, ormoving corporate headquarters and our results remain robust. These findings suggest that socialcapital impact firms’ compensation setting decisions and firm performance.Mind the Gap: Social Capital and Gender Pay Gap (With Kristina Minnick and NatashaBurns)We investigate whether social capital influences gender pay gap both between male and femaleexecutives and non-executive workers. We find that firms headquartered in US counties withstronger norms of cooperation, or social capital, are associated with lower gender pay gap. Inaddition, social capital mitigates the negative effect religion has on gender pay inequality. Ourresults hold to alternative measures of social capital, instrumental variables, and quasi-experimentsrelated to legalization of marijuana and firm headquarter relocation.RESEARCH IN PROGRESSWeathering the Storm: Do Banks Price Natural Disasters in Loan Covenants? (WithAudra Boone and Swami Kalpathy) [Conducting empirical analysis]Director Network and New CEOs’ Compensation (With Kristina Minnick) [Data collectioncompleted]In the Ejection Seat: Do Certain Boards Eject Poor Performing CEOs in a More TimelyManner? (With Tracie Woidtke) [Conducting empirical analysis]Investment Banker Incentives (With Laurie Krigman) [Idea generation]MEDIA COVERAGEMia L. Rivolta – CVPage 2 of 5

Revised March 6, 22Can non-CEO Inside Directors Add Value? Evidence From Unplanned CEO Turnovers (leadacritical), Columbia Law School Blue Sky Blog on Corporations and the Capital Markets,June 18, 2018TEACHING EXPERIENCEIntermediate Corporate Finance (MBA), Xavier UniversityOverall teaching evaluation score: 4.9/5Spring, 2021Corporate Finance (MBA), Xavier UniversityOverall teaching evaluation score: 4.9/52018-2019Intermediate Corporate Finance, Xavier UniversityOverall teaching evaluation score: 4.4/52016-presentBusiness Finance, Xavier UniversityOverall teaching evaluation score: 4.3/52015-presentSecurity Valuation, Babson College2014-2015Integrated Process Management (MarketPlace Simulation), UT Knoxville2013-2014Introduction to Financial Management, UT Knoxville2010-2011AWARDS AND HONORSXavier University O’Conor Research Fellowship2018-2021Recipient of the Xavier University Faculty Research Leave (Sabbatical)2018Xavier University Summer Research Grant2016UT Knoxville College of Bus. Outstanding Graduate Student Teaching Award nominee2014PROFESSIONAL PRESENTATIONSWhen in Rome: Local Social Norms and Tournament Incentives, presented at: European Financial Management Association Conference, Rome, Italy, June, 2022 Financial Management Association Annual Meeting, Virtual, October, 2020 Southern Finance Association Annual Meeting, Virtual, November, 2020 Paris Financial Management Conference, Paris, France, December, 2019A Game of Thrones – Dynamics of Internal CEO Succession and Outcome 3, presentedat: European Financial Management Association Conference, Milan, Italy, June, 2018A previous version of the paper was titled “Worth the Fight? The Role of Internal Competition on New CEO’sCompensation”.3Mia L. Rivolta – CVPage 3 of 5

Revised March 6, 22 Financial Management Association Europe Annual Meeting, Kristiansand, Norway, June2018Fifth Annual Executive Compensation Conference, Erasmus University, Rotterdam,Netherlands, June, 2018U.S. Securities and Exchange Commission (SEC), Brownbag Seminar, May, 2018Financial Management Association Annual Meeting, Las Vegas, NV, October 2016Eastern Finance Association Annual Meeting, Baltimore, MD, April 2016Can non-CEO inside directors add value? Evidence from unplanned CEO turnovers,presented at: European Financial Management Association Annual Meeting, Basel, Switzerland, June2016 Financial Management Association Annual Meeting, Nashville, TN, October 2014 Eastern Finance Association Annual Meeting, Pittsburg, PA, April 2014 Jim/Jack Finance Conference, The University of Kentucky, April 2014 Midwest Finance Association Annual Meeting, Chicago, IL, March 2013Worth the Wait? Delays in CEO Succession after Unplanned CEO Departures, presentedat: Eastern Finance Association Annual Meeting, Philadelphia, PA, April 2018Does lead time in CEO succession matter? Evidence from planned versus unexpectedCEO departures Boston Area Finance Symposium (BAFS), University of Massachusetts Boston, April2015Heirs to the Throne: Choice of Replacement CEOs after Unexpected CEO Turnovers,presented at: Brown Bag Seminar, UT Knoxville, June 2010PROFESSIONAL SERVICEDiscussant: Paris Financial Management Conference (2019), Financial Management AssociationEurope Annual Meeting (2018), European Financial Management Association Annual Meeting(2016), Eastern Finance Association Annual Meeting (2014, 2018), Financial ManagementAssociation Annual Meeting (2011, 2012, 2015, 2017, 2020), Midwest Finance AssociationAnnual Meeting (2013)Session Chair: FMA in New Orleans (2019), EFA in Philadelphia (2018), FMA in San Diego(2018), European Financial Management Association (EFMA) Annual Meeting (2022), FinancialManagement Association European Conference (2022)Journal Referee: Journal of Financial and Quantitative Analysis (JFQA), Journal of CorporateFinance (JCF), Journal of Banking and Finance (JBF), The Financial Review (FR), Journal ofBusiness Research (JBR)Program Committee Member: Eater Financial Association (2021-present)Mia L. Rivolta – CVPage 4 of 5

Revised March 6, 22PROGRAMMING SKILLSSAS, Stata, Bloomberg Terminal, PythonPROFESSIONAL REFERENCESAudra Boone, Ph.D.Professor of FinanceNeely School of BusinessTexas Christian UniversityFort Worth, TX 76109audra.boone@tcu.eduPhone: 817-257-4267Kristina Minnick, Ph.D.Stanton Professor of FinanceAdamian Academic Center 223Bentley UniversityWaltham, MA 02452kminnick@bentley.eduPhone: 781-891-2941Laurie Krigman, Ph.D.Professor, Finance DivisionBabson CollegeBabson Park, MA 37923lkrigman@babson.eduPhone: 781-239-4246Michael A. Goldstein, Ph.D.Professor, Finance DivisionDonald P. Babson Chair of Applied InvestmentsBabson Collegegoldstein@babson.eduPhone: 781-239-4402Mia L. Rivolta – CVPage 5 of 5

Babson College Babson Park, MA 37923 lkrigman@babson.edu Phone: 781-239-4246 Michael A. Goldstein, Ph.D. Professor, Finance Division Donald P. Babson Chair of Applied Investments Babson College goldstein@babson.edu Phone: 781-239-4402 Phone: 781-891-2941