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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

 


Articles:

Description: V:\WEBSITES\WWW\faculty\mfaccio\defaul1.gif “Taxes and capital structure” (with Jin Xu), June 2013, Journal of Financial and Quantitative Analysis, forthcoming.

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.

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.gif“Political 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.gif“Expropriation 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.gif“Returns 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.gif“The 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.gif“The 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.gif“Dividends 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.gif“Do 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 and Professional Publications:

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! “Politically Connected Private Equity and Employment” (with Hung-Chia Hsu), June 2013.

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), November 2012.


Resume: Full text vita in pdf format


Useful Links Description: -68

Ownership data on-line:

Privatization data:

Journals, working papers, etc:

   An excellent source for working papers is the Social Science Research Network


Fun Description: -66

·         Ferrari web page (don’t visit this site if you do not like pushing on the gas pedal!)

·         Juventus web page (the greatest soccer team ever!)

·         Bruce Springsteen (could I forget the Boss?!)

·         Fabrizio de André (a truly great singer!)

·         Photos:

·         Arches Valley (1) (2);

·         Chicago and Lake Michigan (with my friend Simona "Giamba" and my sister) (1), (2), (3), (4);

·         Everglades (1), (2), (3), (4), (5);

·         Florida Keys (1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13);

·         Hawaii (1) (2) (3) (4) (5) (6);

·         Hong Kong (1), (2), (3);

·         Las Vegas (1) (2); Grand Canyon;

·         Mexico (1), (2), (3), (4), (5), (6), (7);

·         Monument Valley (1) (2);

·         Moscow (1), (2), (3), "A specter is haunting Europe -- the specter of communism";

·         New York (1), (2), (3), (4), (5), (6), (7), (8);

·         San Francisco (1), (2), (3), (4), (5);

·         NEW!! Very Recent Photos: NEW!!

Last Revised: 11/21/2013.

 

 
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