Mara Faccio

University of Chicago - Booth School of Business

Visiting Professor of Finance

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

Purdue University - Krannert School of Management

1310 Krannert Building

West Lafayette, IN 47907-1310

United States

European Corporate Governance Institute (ECGI)

Research Associate

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

http://www.ecgi.org

National University of Singapore (NUS) - Asian Bureau of Finance and Economic Research (ABFER)

Senior Fellow

BIZ 2 Storey 4, 04-05

1 Business Link

Singapore, 117592

Singapore

SCHOLARLY PAPERS

28

DOWNLOADS
Rank 392

SSRN RANKINGS

Top 392

in Total Papers Downloads

35,605

CITATIONS
Rank 218

SSRN RANKINGS

Top 218

in Total Papers Citations

1,604

Scholarly Papers (28)

1.

Managerial Ownership, Board Structure and Firm Value: The UK Evidence

Cass Business School Research Paper
Number of pages: 42 Posted: 23 Sep 1999
Mara Faccio and Meziane Lasfer
University of Chicago - Booth School of Business and City University London - Sir John Cass Business School
Downloads 3,065 (2,157)
Citation 32

Abstract:

2.
Downloads 2,765 ( 2,921)
Citation 527

The Ultimate Ownership of Western European Corporations

Number of pages: 40 Posted: 04 Oct 2001
Mara Faccio and Larry H.P. Lang
University of Chicago - Booth School of Business and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 2,765 (2,853)
Citation 527

Abstract:

Ownership, Corporate Governance

The Ultimate Ownership of Western European Corporations

Forthcoming in Journal of Financial Economics
Posted: 12 Nov 2001
Mara Faccio and Larry H.P. Lang
University of Chicago - Booth School of Business and The Chinese University of Hong Kong (CUHK) - Department of Finance

Abstract:

Ownership, Corporate Governance

3.

The Choice of Payment Method in European Mergers & Acquisitions

Journal of Finance, Vol. 60, No. 3, pp. 1345-1388, 2005
Number of pages: 58 Posted: 06 Mar 2004 Last Revised: 30 Mar 2009
Mara Faccio and Ronald W. Masulis
University of Chicago - Booth School of Business and University of New South Wales - Australian School of Business
Downloads 2,607 (2,877)
Citation 64

Abstract:

Corporate finance, Corporate Governance, M&As

4.

Politically Connected Firms

Number of pages: 24 Posted: 15 Oct 2003
Mara Faccio
University of Chicago - Booth School of Business
Downloads 2,490 (2,882)
Citation 214

Abstract:

5.

The Quality of Accounting Information in Politically Connected Firms

AFA 2010 Atlanta Meetings Paper
Number of pages: 48 Posted: 01 Mar 2007 Last Revised: 17 Nov 2012
Paul K. Chaney, Mara Faccio and David C. Parsley
Vanderbilt University - Accounting, University of Chicago - Booth School of Business and Vanderbilt University – Finance
Downloads 2,386 (3,370)
Citation 33

Abstract:

Political connections, information quality, accruals quality

6.
Downloads 2,222 ( 4,259)
Citation 189

Dividends and Expropriation

AFA 2001 New Orleans; EFMA Athens 2000
Number of pages: 49 Posted: 19 Apr 2000
Mara Faccio, Larry H.P. Lang and Leslie Young
University of Chicago - Booth School of Business, The Chinese University of Hong Kong (CUHK) - Department of Finance and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 2,222 (4,162)
Citation 189

Abstract:

Dividends and Expropriation

American Economic Review, 2001
Posted: 14 Sep 2000
Mara Faccio, Larry H.P. Lang and Leslie Young
University of Chicago - Booth School of Business, The Chinese University of Hong Kong (CUHK) - Department of Finance and The Chinese University of Hong Kong (CUHK) - Department of Finance

Abstract:

7.

CEO Gender, Corporate Risk-Taking, and the Efficiency of Capital Allocation

Number of pages: 51 Posted: 14 Mar 2012 Last Revised: 16 Feb 2016
University of Chicago - Booth School of Business, University of Manchester - Manchester Business School and University of Manchester - Manchester Business School
Downloads 2,206 (4,317)
Citation 4

Abstract:

CEO, gender, risk-taking

8.

The Separation of Ownership and Control: An Analysis of Ultimate Ownership in Western European Corporations

EFA 0136
Number of pages: 55 Posted: 09 May 2000
Mara Faccio and Larry H.P. Lang
University of Chicago - Booth School of Business and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 1,857 (5,499)
Citation 181

Abstract:

9.

Debt and Expropriation

EFMA 2001 Lugano Meetings
Number of pages: 35 Posted: 29 Sep 2000
Mara Faccio, Larry H.P. Lang and Leslie Young
University of Chicago - Booth School of Business, The Chinese University of Hong Kong (CUHK) - Department of Finance and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 1,808 (5,723)
Citation 12

Abstract:

Debt, corporate governance, business groups, expropriation

10.
Downloads 1,703 ( 6,777)
Citation 30

Government Control of Privatized Firms

ECGI - Working Paper No. 40/2004, FEEM Working Paper No. 130.04, EFA 2005 Moscow Meetings Paper, AFA 2006 Boston Meetings Paper
Number of pages: 41 Posted: 14 Aug 2005
Bernardo Bortolotti and Mara Faccio
Bocconi University and University of Chicago - Booth School of Business
Downloads 1,703 (6,626)
Citation 30

Abstract:

Privatization, Corporate Governance

Government Control of Privatized Firms

The Review of Financial Studies, Vol. 22, Issue 8, pp. 2907-2939, 2009
Posted: 05 Aug 2009
Bernardo Bortolotti and Mara Faccio
Bocconi University and University of Chicago - Booth School of Business

Abstract:

D72, G15, H6, K22, L33

11.

Differences between Politically Connected and Non-Connected Firms: A Cross Country Analysis

Number of pages: 35 Posted: 24 Jul 2006 Last Revised: 05 Aug 2009
Mara Faccio
University of Chicago - Booth School of Business
Downloads 1,662 (6,139)
Citation 21

Abstract:

Political connections, leverage, benefits

12.

Taxes and Capital Structure

Journal of Financial and Quantitative Analysis (JFQA), 50(3), June 2015, pages 277-300
Number of pages: 42 Posted: 18 Mar 2011 Last Revised: 27 Oct 2015
Mara Faccio and Jin Xu
University of Chicago - Booth School of Business and Virginia Tech - Pamplin College of Business
Downloads 1,606 (7,546)
Citation 1

Abstract:

Taxes, Capital structure choices

13.

Political Connections and Corporate Bailouts

AFA 2006 Boston Meetings Paper, Journal of Finance, Vol. 61, No. 6, pp. 2597-2635, 2006
Number of pages: 44 Posted: 25 Mar 2005 Last Revised: 02 Nov 2010
University of Chicago - Booth School of Business, University of New South Wales - Australian School of Business and Purdue University
Downloads 1,591 (6,330)
Citation 118

Abstract:

Political connections, cronism, bailouts

14.

Politically-Connected Firms: Can They Squeeze the State?

AFA 2003 Washington, DC Meetings
Number of pages: 56 Posted: 02 Apr 2002
Mara Faccio
University of Chicago - Booth School of Business
Downloads 1,135 (11,882)
Citation 12

Abstract:

Politican connections, ownership structure, board structure

15.

Large Shareholder Diversification and Corporate Risk-Taking

Manchester Business School Research Paper No. 618
Number of pages: 66 Posted: 17 Mar 2010 Last Revised: 09 May 2012
University of Chicago - Booth School of Business, University of Manchester - Manchester Business School and University of Manchester - Manchester Business School
Downloads 1,121 (13,460)
Citation 21

Abstract:

Risk-taking choices, Large shareholders, Portfolio diversification

16.
Downloads 913 ( 18,364)
Citation 61

Returns to Acquirers of Listed and Unlisted Targets

Number of pages: 41 Posted: 04 Jan 2005
Mara Faccio, John J. McConnell and David Stolin
University of Chicago - Booth School of Business, Purdue University and Toulouse Business School - Economics and Finance
Downloads 913 (18,004)
Citation 61

Abstract:

Mergers and acquisitions

Returns to Acquirers of Listed and Unlisted Targets

Journal of Financial and Quantitative Analysis, Forthcoming
Posted: 27 Jan 2005
Mara Faccio, David Stolin and John J. McConnell
University of Chicago - Booth School of Business, Toulouse Business School - Economics and Finance and Purdue University

Abstract:

Mergers and acquisitions

17.

Sudden Deaths: Taking Stock of Geographic Ties

ECGI - Finance Working Paper No. 113/2006, AFA 2008 New Orleans Meetings Paper
Number of pages: 49 Posted: 13 Jan 2006
Mara Faccio and David C. Parsley
University of Chicago - Booth School of Business and Vanderbilt University – Finance
Downloads 801 (20,931)
Citation 33

Abstract:

political ties, political connections

Expropriation vs. Proportional Sharing in Corporate Acquisitions

Number of pages: 51 Posted: 20 May 2004
Mara Faccio and David Stolin
University of Chicago - Booth School of Business and Toulouse Business School - Economics and Finance
Downloads 535 (38,238)
Citation 18

Abstract:

M&As, expropriation, controlling shareholder

Expropriation vs. Proportional Sharing in Corporate Acquisitions

Journal of Business, Forthcoming
Posted: 17 Jun 2004
Mara Faccio and David Stolin
University of Chicago - Booth School of Business and Toulouse Business School - Economics and Finance

Abstract:

Expropriation, mergers, event studies

19.

Sheltering Corporate Assets from Political Extraction

AFA 2009 San Francisco Meetings Paper
Number of pages: 51 Posted: 25 Mar 2008 Last Revised: 29 Jun 2009
Università Cattolica del Sacro Cuore, Milano, University of Chicago - Booth School of Business and Purdue University
Downloads 516 (37,399)
Citation 9

Abstract:

20.

When Do Bidders Gain? The Difference in Returns to Acquirers of Listed and Unlisted Targets

Number of pages: 48 Posted: 16 Dec 2003
Mara Faccio, David Stolin and John J. McConnell
University of Chicago - Booth School of Business, Toulouse Business School - Economics and Finance and Purdue University
Downloads 349 (64,200)
Citation 9

Abstract:

21.

Taxes, Capital Structure Choices, and Firm Value

Number of pages: 49 Posted: 12 Mar 2014 Last Revised: 12 Nov 2014
Mara Faccio and Jin Xu
University of Chicago - Booth School of Business and Virginia Tech - Pamplin College of Business
Downloads 219 (74,645)

Abstract:

Taxes, Capital structure choices, Firm value

22.

Politically Connected Private Equity and Employment

Journal of Finance, Forthcoming
Number of pages: 52 Posted: 05 Jul 2013 Last Revised: 03 Aug 2016
Mara Faccio and Scott H. C. Hsu
University of Chicago - Booth School of Business and University of Arkansas - Department of Finance
Downloads 192 (68,232)

Abstract:

Private Equity, Political Connections, Employment

23.

Business Groups and Employment

Number of pages: 42 Posted: 05 Jun 2015
Mara Faccio and William O'Brien
University of Chicago - Booth School of Business and The University of Illinois at Chicago
Downloads 23 (247,283)

Abstract:

Business Groups, Employment, Business Cycles

24.

Sudden Deaths: Taking Stock of Political Connections

CEPR Discussion Paper No. 5460
Number of pages: 40 Posted: 27 Apr 2006
Mara Faccio and David C. Parsley
University of Chicago - Booth School of Business and Vanderbilt University – Finance
Downloads 20 (420,568)
Citation 14

Abstract:

Political connections, sudden deaths

25.

Political Determinants of Competition in the Mobile Telecommunication Industry

Number of pages: 51 Posted: 06 Jan 2017 Last Revised: 16 Jan 2017
Mara Faccio and Luigi Zingales
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 0 (253,102)

Abstract:

Political Economy, Capture, Antitrust

26.

Corporate Response to Distress: Evidence from the Asian Financial Crisis

FRB St. Louis Review, 2011, 93 (2), pp.127-154
Posted: 17 Jul 2006 Last Revised: 30 Jul 2013
Mara Faccio and Rajdeep Sengupta
University of Chicago - Booth School of Business and Federal Reserve Bank of Kansas City

Abstract:

bankruptcy, liquidation, restructuring, corporate governance

27.

Do Occupational Pension Funds Monitor Companies in Which They Hold Large Stakes?

Journal of Corporate Finance, Vol. 6, No. 1, March 2000, Cass Business School Research Paper
Posted: 21 Mar 2001
Mara Faccio and Meziane Lasfer
University of Chicago - Booth School of Business and City University London - Sir John Cass Business School

Abstract:

Orate governance, pension funds, board structure, performance

28.

Political Determinants of Competition in the Mobile Telecommunication Industry

NBER Working Paper No. w23041
Number of pages: 52 Posted: 17 Jan 2017
Mara Faccio and Luigi Zingales
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 0

Abstract: