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Mara Faccio

Hanna Chair in Entrepreneurship & Associate Professor of Finance

Krannert School of Management 
Purdue University  
403 W. State Street
West Lafayette, IN 47907
-62 Tel: (765) 496-1951

-89 E-mail: mfaccio@purdue.edu

 

Articles:

 “Differences between politically connected and non-connected firms: A cross country analysis”, October 2009. Forthcoming, Financial Management.

 “Pyramiding versus leverage in corporate groups: International evidence” (with Larry H. P. Lang, and Leslie Young), Journal of International Business Studies, January 2010, vol. 41, 88-104.

 “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).

 “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.

“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).

“Expropriation vs. proportional sharing in corporate acquisitions” (with David Stolin), Journal of Business, vol. 79(3), May 2006, 1413-1444.

“Politically connected firms”, American Economic Review, vol. 96(1), March 2006, 369-386.

- 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).

“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.

“The choice of payment method in European mergers and acquisitions” (with Ronald W. Masulis), Journal of Finance, vol. 60(3), June 2005, 1345-1388.

“The ultimate ownership of western European corporations” (with Larry H. P. Lang), Journal of Financial Economics, vol. 65(3), September 2002, 365-395.

- “All Star Paper” (the most cited paper in Volume 65 of the JFE)

- 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.

“Dividends and expropriation” (with Larry H. P. Lang 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.

“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:

“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.

“Pension fund investments and corporate monitoring” (with Ameziane M. Lasfer), Professional Investor, vol. 10(2), May 2000, 23-26.

Working Papers:

REVISION!! "The quality of accounting information in politically connected firms" (with Paul K. Chaney and David C. Parsley), December 2009.

NEW!! “Large shareholder diversification and corporate risk-taking” (with Maria-Teresa Marchica and Roberto Mura), November 2009.

 “Sheltering corporate assets from political extraction” (with Lorenzo Caprio and John J. McConnell), September 2009.

Resume: Full text vita in pdf format

Useful Links -68

Ownership data on-line:

Privatization data:

Journals, working papers, etc:

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

Fun -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);

·         Colorado (1), (2);

·         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;

·         Memphis (1), (2), (3), (4);

·         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";

·         Nashville (1), (2);

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

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

·         NEW!! Very Recent Photos: NEW!!
Last Revised: 12/29/2009.

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