Mara Faccio

Hanna Chair in Entrepreneurship & Professor of Finance

Krannert School of Management 
Purdue University  
403 W. State Street
West Lafayette, IN 47907

Description: -62 Tel: (765) 496-1951

Description: -89 E-mail: mfaccio@purdue.edu

 

 

 

 


Google Scholar Page: http://scholar.google.com/citations?user=GWvpJ40AAAAJ&hl=en 

Google Scholar Citations: 13,616


Awards, Fellowships, and Honors:

-                      Research Associate, National Bureau of Economic Research, 2017-present

-                      Referee of the Year Award, Review of Corporate Finance Studies, 2016.

-                      Winner of the William F. Sharpe Award for Scholarship in Financial Research - - Recognizing the best paper in the 2015 Volume of the Journal of Financial and Quantitative Analysis.

-                      Listed among the “Authors with the Most Citations to Their JFE Papers, 1974-2014”.

-                      Senior Fellow, Asian Bureau of Finance and Economics Research, 2014-present

-                      Best Paper Runner-Up for the BlackRock/Brennan Award (Review of Financial Studies), 2012.

-                      Faculty Fellow, Krannert School of Management, Purdue University, 2010.

-                      Research Fellow, Centre for Economic Policy Research, 2009-2016

-                      Nominated for the Brattle Prize, American Finance Association, 2007.

-                      Journal of Financial Economics All Star Paper Award for “The ultimate ownership of western European corporations” (with Larry H. P. Lang).

-                      Dean’s Award for Research Productivity, Owen Graduate School of Management, Vanderbilt University, 2006.

-                      Hirtle Callaghan Research Scholar Award, Vanderbilt University, 2005.

-                      Research Affiliate, Centre for Economic Policy Research, 2005-2009

-                      Research Associate, European Corporate Governance Institute, 2004-present


Editorial Experience:

Special Issue Co-Editor:

-          Journal of Corporate Finance, Special Issue on “Culture and Finance”

Associate Editor:

-          Pacific-Basin Finance Journal, 2016-

-          Financial Management, 2009-2014

-          Review of Financial Studies, 2008-2011

Comitato Scientifico:

-          Banca Impresa Società, 2009-

-          Rivista dei Dottori Commercialisti, 2009-

Editorial Board:

-          International Journal of Corporate Governance, 2008-


Academic Experience:

Purdue University, Krannert School of Management:

-          Hanna Chair in Entrepreneurship & Professor of Finance, 2011-

-          Hanna Chair in Entrepreneurship & Associate Professor of Finance, 2007-2011

The University of Chicago, Booth School of Business:

-          Visiting Professor of Finance, 2016-2017

Northwestern University, Kellogg School of Management, Finance Department:

-          Visiting Scholar, 2013-2014

Vanderbilt University, Owen Graduate School of Management:

-          Associate Professor of Finance, 2006-2007

-          Assistant Professor of Finance, 2003-2006

University of Notre Dame, Mendoza College of Business:

-          Assistant Professor of Finance, 2001-2003

Università Cattolica del Sacro Cuore, Milan:

-          Assistant Professor of Finance, 1999-2002 (on leave 2001-2002)


Articles:

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif Taxes, capital structure choices, and equity value” (with Jin Xu), February 2017, forthcoming, Journal of Financial and Quantitative Analysis.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif “Politically Connected Private Equity and Employment” (with Hung-Chia “Scott” Hsu), Journal of Finance, April 2017, vol. 72(2), 539-573.

-          See a discussion of this paper in the blog launched by the University of Chicago (Stigler Center).

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif CEO Gender, Corporate Risk-Taking, and the Efficiency of Capital Allocation (with Maria-Teresa Marchica and Roberto Mura), Journal of Corporate Finance, August 2016, vol. 39, 193-209.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif Discussion of ‘Corporate Political Connections and Tax Aggressiveness’,Contemporary Accounting Research, Spring 2016, vol. 33(1), 115-120.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif Taxes and capital structure” (with Jin Xu), Journal of Financial and Quantitative Analysis, June 2015, vol. 50(3), 277-300.

-       Lead article.

-    William F. Sharpe Award for Scholarship in Financial Research - - Recognizing the best paper in the 2015 Volume of the JFQA.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif Sheltering corporate assets from political extraction” (with Lorenzo Caprio and John J. McConnell), The Journal of Law, Economics, and Organization, April 2013, vol. 29(2), 332-354.

- Additional results

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif Large shareholder diversification and corporate risk-taking” (with Maria-Teresa Marchica and Roberto Mura), Review of Financial Studies, November 2011, vol. 24(11), 3601-3641.

-       BlackRock/Brennan Award - - Best Paper Runner Up (RFS).

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif "The quality of accounting information in politically connected firms" (with Paul K. Chaney and David C. Parsley), Journal of Accounting and Economics, February 2011, vol. 51(1-2), 58-76.

-       Was listed in 2016 # 1 among the Most Cited Journal of Accounting and Economics Articles published since 2011.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif Differences between politically connected and non-connected firms: A cross country analysis”, Financial Management, Autumn 2010, vol. 39(3), 905-927.

-          Listen to a discussion of my findings on political connections on BBC Radio 4, “Thinking allowed” (December 1, 2010).

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif “Pyramiding versus leverage in corporate groups: International evidence” (with Larry H. P. Lang (郎咸平), and Leslie Young), Journal of International Business Studies, January 2010, vol. 41, 88-104.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif Government control of privatized firms” (with Bernardo Bortolotti), Review of Financial Studies, August 2009, vol. 22(8): 2907-2939.

    - Lead article.

    - Was a feature story in Il Sole 24 Ore (May 19, 2004; July 17, 2004), Milano Finanza (September 11, 2004), Italia Oggi (September 15, 2004), and Business Line (The Hindu) (October 10, 2006).

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif Sudden deaths: Taking stock of geographic ties (with David C. Parsley), Journal of Financial and Quantitative Analysis (Cambridge University Press), June 2009, vol. 33(3): 683-718.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gifPolitical connections and corporate bailouts” (with John J. McConnell and Ronald W. Masulis), Journal of Finance, vol. 61(6), December 2006, 2597-2635.

- Nominated for the Brattle Prize (best corporate finance paper published in the Journal of Finance).

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gifExpropriation vs. proportional sharing in corporate acquisitions” (with David Stolin), Journal of Business, vol. 79(3), May 2006, 1413-1444.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gifPolitically connected firms, American Economic Review, vol. 96(1), March 2006, 369-386.

- Most cited AER paper of 2006

- Old version with firm-level results; Appendix A; Regulation on conflicts of interest

- The data used in this paper are available on the AER web site!

- Was a feature story in The Economist (November 1, 2003), The Nation (November 3, 2003; November 26, 2003; June 27, 2004), the Business Times (November 3, 2003), Deutsche Presse-Agentur (November 4, 2003), Reuters News (November 4, 2003), Revista da Imprensa Economica (November 6, 2003), the Bangkok Post (November 30, 2003; December 7, 2003), Világgazdaság (February 10, 2004), and the New York Times (April 23, 2006).

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gifReturns to acquirers of listed and unlisted targets” (with John J. McConnell and David Stolin), Journal of Financial and Quantitative Analysis, vol. 41(1), March 2006, 197-220.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gifThe choice of payment method in European mergers and acquisitions” (with Ronald W. Masulis), Journal of Finance, vol. 60(3), June 2005, 1345-1388.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gifThe ultimate ownership of western European corporations” (with Larry H. P. Lang (郎咸平), Journal of Financial Economics, vol. 65(3), September 2002, 365-395.

- “All Star Paper”

- Most cited JFE paper of 2002

- 14th most cited JFE paper (of all time) based on citations per year

- 40th most cited JFE paper (of all time) based on total citations in published, forthcoming and working papers

- The data used in this paper are available on the JFE web site!

- Was a feature story in Institutional Investor (January 14, 2005).

- Reprinted in Corporate Governance in the New Global Economy, Kevin Keasey, Steve Thompson and Mike Wright (eds), Edward Elgar Publishing, forthcoming; Corporate Governance and Corporate Finance: A European Perspective, Ruud A. I. van Frederikslust, James S. Ang, and Sudi Sudarsanam (eds), Routledge - Taylor & Francis Ltd, 2007; and Governance: An International Perspective, Diane Denis and John McConnell (eds), Edward Elgar Publishing, 2005.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gifDividends and expropriation” (with Larry H. P. Lang (郎咸平) and Leslie Young), American Economic Review, vol. 91(1), March 2001, 54-78.

- Was a feature story in the South China Morning Post (September 20, 2000; September 21, 2000; September 22, 2000), International Herald Tribune (November 30, 2000), Handelsblatt (January 22, 2001), The Edge (December 25, 2000), and Today’s Manager Magazine (June-July 2002).

- Reprinted in Governance and Expropriation, Larry Lang (ed), Edward Elgar Publishing, 2005.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gifDo occupational pension funds monitor companies in which they hold large stakes?” (with Ameziane M. Lasfer), Journal of Corporate Finance, vol. 6(1), March 2000, 71-110.

- Was a feature story in the Financial Times Business Limited (May 13, 2002).

- Reprinted in Corporate Governance in the New Global Economy, Kevin Keasey, Steve Thompson and Mike Wright (eds), Edward Elgar Publishing, forthcoming; Corporate Governance and Corporate Finance: A European Perspective, Ruud A. I. van Frederikslust, James S. Ang, and Sudi Sudarsanam (eds), Routledge - Taylor & Francis Ltd, 2007; and Governance and Ownership, Robert Watson (ed.), Edward Elgar Publishing, 2005.


Book Chapters, Review Articles, and Professional Publications:

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif “Culture and Finance: An Introduction” (with Raj Aggarwal, Omrane Guedhami, and Chuck C.Y. Kwok), Journal of Corporate Finance, December 2016, vol. 41, 466-474. (Introductory article for the JCF Special Issue on “Culture and Finance.”)

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif Corporate response to distress: Evidence from the Asian financial crisis” (with Rajdeep Sengupta), Federal Reserve Bank of St. Louis Review, March/April 2011, vol. 93(2), 127-154.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif “Institutional shareholders and corporate governance: The case of UK pension funds” (with Ameziane M. Lasfer), in: Joseph A. McCahery, Piet Moerland, Theo Raaijmakers and Luc Renneboog (eds.), “Convergence and diversity in corporate governance regimes and capital markets”, Oxford University Press, 2002, 603-622.

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif“Pension fund investments and corporate monitoring” (with Ameziane M. Lasfer), Professional Investor, vol. 10(2), May 2000, 23-26.


Working Papers:

NEW Political determinants of competition in the mobile telecommunication industry (with Luigi Zingales), April 2017.

-          See a discussion of this paper in the blog launched by the University of Chicago (Stigler Center).

-          Featured in a Chicago Booth Review research comic: http://review.chicagobooth.edu/economics/2017/comic/could-government-lower-my-phone-bill-cbr-research-comic

NEW Business Groups and Employment” (with Bill O’Brien), March 2017.


Resume: Full text vita in pdf format

 


Last Revised: 7/24/2017

 

 
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