Mara Faccio

Mitchell E. Daniels, Jr. School of Business, Purdue University

Tom and Patty Hefner Chair in Finance & Professor of Management

403 W. State Street

West Lafayette, IN 47907-1310

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

European Corporate Governance Institute (ECGI)

Research Associate

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

http://www.ecgi.org

  • Mitchell E. Daniels, Jr. School of Business, Purdue University

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

35

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TOTAL CITATIONS
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2,073

Scholarly Papers (35)

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1.

Death by Pokémon GO: The Economic and Human Cost of Using Apps While Driving

Downloads 8,041 ( 1,774)
Citation 1

Death by Pokémon GO: The Economic and Human Cost of Using Apps While Driving

Number of pages: 56 Posted: 21 Nov 2017 Last Revised: 05 Dec 2022
Mara Faccio and John J. McConnell
Mitchell E. Daniels, Jr. School of Business, Purdue University and Purdue University
Downloads 7,928 (1,805)

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Vehicular Crashes, Cost of Users Playing Pokémon GO While Driving

Death by Pokémon Go: The Economic and Human Cost of Using Apps While Driving

NBER Working Paper No. w24308
Number of pages: 57 Posted: 04 Jun 2018 Last Revised: 03 Jun 2023
Mara Faccio and John J. McConnell
Mitchell E. Daniels, Jr. School of Business, Purdue University and Purdue University
Downloads 113 (533,192)
Citation 1

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2.

Politically Connected Firms

Number of pages: 24 Posted: 15 Oct 2003
Mara Faccio
Mitchell E. Daniels, Jr. School of Business, Purdue University
Downloads 4,231 (5,327)
Citation 340

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3.

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
Mitchell E. Daniels, Jr. School of Business, Purdue University and Bayes Business School, City, University of London
Downloads 4,170 (5,448)
Citation 1

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4.

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
Mitchell E. Daniels, Jr. School of Business, Purdue University and University of New South Wales, Sydney
Downloads 3,811 (6,320)
Citation 74

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Corporate finance, Corporate Governance, M&As

5.

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

Number of pages: 51 Posted: 14 Mar 2012 Last Revised: 16 Feb 2016
Mara Faccio, Maria‐Teresa Marchica and Roberto Mura
Mitchell E. Daniels, Jr. School of Business, Purdue University, The University of Manchester - Alliance Manchester Business School and University of Manchester - Alliance Manchester Business School
Downloads 3,595 (6,958)
Citation 228

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CEO, gender, risk-taking

6.

The Ultimate Ownership of Western European Corporations

Downloads 3,445 ( 7,461)
Citation 68

The Ultimate Ownership of Western European Corporations

Number of pages: 40 Posted: 04 Oct 2001
Mara Faccio and Larry H.P. Lang
Mitchell E. Daniels, Jr. School of Business, Purdue University and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 3,445 (7,321)
Citation 68

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Ownership, Corporate Governance

The Ultimate Ownership of Western European Corporations

Posted: 12 Nov 2001
Mara Faccio and Larry H.P. Lang
Mitchell E. Daniels, Jr. School of Business, Purdue University and The Chinese University of Hong Kong (CUHK) - Department of Finance

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Ownership, Corporate Governance

7.

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, Mitchell E. Daniels, Jr. School of Business, Purdue University and Vanderbilt University – Finance and Economics
Downloads 3,094 (8,833)
Citation 83

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Political connections, information quality, accruals quality

8.

Dividends and Expropriation

Downloads 2,582 (11,772)
Citation 109

Dividends and Expropriation

Number of pages: 49 Posted: 19 Apr 2000
Mara Faccio, Larry H.P. Lang and Leslie Young
Mitchell E. Daniels, Jr. School of Business, Purdue University, The Chinese University of Hong Kong (CUHK) - Department of Finance and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 2,582 (11,551)
Citation 109

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Dividends and Expropriation

Posted: 14 Sep 2000
Mara Faccio, Larry H.P. Lang and Leslie Young
Mitchell E. Daniels, Jr. School of Business, Purdue University, The Chinese University of Hong Kong (CUHK) - Department of Finance and The Chinese University of Hong Kong (CUHK) - Department of Finance

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9.

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
Mara Faccio, Ronald W. Masulis and John J. McConnell
Mitchell E. Daniels, Jr. School of Business, Purdue University, University of New South Wales, Sydney and Purdue University
Downloads 2,505 (12,326)
Citation 307

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Political connections, cronism, bailouts

10.

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

Number of pages: 55 Posted: 09 May 2000
Mara Faccio and Larry H.P. Lang
Mitchell E. Daniels, Jr. School of Business, Purdue University and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 2,355 (13,643)
Citation 359

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11.

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
Mitchell E. Daniels, Jr. School of Business, Purdue University and Virginia Tech - Pamplin College of Business
Downloads 2,265 (14,524)
Citation 14

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Taxes, Capital structure choices

12.

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
Mitchell E. Daniels, Jr. School of Business, Purdue University
Downloads 2,204 (15,189)
Citation 72

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Political connections, leverage, benefits

13.

Debt and Expropriation

Number of pages: 35 Posted: 29 Sep 2000
Mara Faccio, Larry H.P. Lang and Leslie Young
Mitchell E. Daniels, Jr. School of Business, Purdue University, The Chinese University of Hong Kong (CUHK) - Department of Finance and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 2,098 (16,423)
Citation 12

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Debt, corporate governance, business groups, expropriation

14.

Government Control of Privatized Firms

Downloads 1,888 (19,446)
Citation 55

Government Control of Privatized Firms

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 40/2004, FEEM Working Paper No. 130.04, EFA 2005 Moscow Meetings Paper, AFA 2006 Boston Meetings Paper
Number of pages: 47 Posted: 14 Aug 2005 Last Revised: 23 Oct 2018
Bernardo Bortolotti and Mara Faccio
Bocconi University and Mitchell E. Daniels, Jr. School of Business, Purdue University
Downloads 1,888 (19,098)
Citation 55

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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 Mitchell E. Daniels, Jr. School of Business, Purdue University

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D72, G15, H6, K22, L33

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
Mara Faccio, Maria‐Teresa Marchica and Roberto Mura
Mitchell E. Daniels, Jr. School of Business, Purdue University, The University of Manchester - Alliance Manchester Business School and University of Manchester - Alliance Manchester Business School
Downloads 1,638 (24,185)
Citation 97

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Risk-taking choices, Large shareholders, Portfolio diversification

16.

Politically-Connected Firms: Can They Squeeze the State?

Number of pages: 56 Posted: 02 Apr 2002
Mara Faccio
Mitchell E. Daniels, Jr. School of Business, Purdue University
Downloads 1,625 (24,482)
Citation 23

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Politican connections, ownership structure, board structure

17.

Returns to Acquirers of Listed and Unlisted Targets

Downloads 1,121 (42,471)
Citation 22

Returns to Acquirers of Listed and Unlisted Targets

Number of pages: 41 Posted: 04 Jan 2005
Mara Faccio, John J. McConnell and David Stolin
Mitchell E. Daniels, Jr. School of Business, Purdue University, Purdue University and Toulouse Business School - Economics and Finance
Downloads 1,121 (41,845)
Citation 22

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Mergers and acquisitions

Returns to Acquirers of Listed and Unlisted Targets

Posted: 27 Jan 2005
Mara Faccio, David Stolin and John J. McConnell
Mitchell E. Daniels, Jr. School of Business, Purdue University, Toulouse Business School - Economics and Finance and Purdue University

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Mergers and acquisitions

18.

Sudden Deaths: Taking Stock of Geographic Ties

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 113/2006, AFA 2008 New Orleans Meetings Paper
Number of pages: 55 Posted: 13 Jan 2006 Last Revised: 23 Oct 2018
Mara Faccio and David C. Parsley
Mitchell E. Daniels, Jr. School of Business, Purdue University and Vanderbilt University – Finance and Economics
Downloads 977 (51,501)
Citation 85

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political ties, political connections

19.

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 Hsu
Mitchell E. Daniels, Jr. School of Business, Purdue University and University of Arkansas, Fayetteville - Department of Finance
Downloads 883 (59,237)
Citation 19

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Private Equity, Political Connections, Employment

20.

Political Determinants of Competition in the Mobile Telecommunication Industry

Downloads 832 (64,268)
Citation 26

Political Determinants of Competition in the Mobile Telecommunication Industry

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 494/2016
Number of pages: 59 Posted: 06 Jan 2017 Last Revised: 04 May 2018
Mara Faccio and Luigi Zingales
Mitchell E. Daniels, Jr. School of Business, Purdue University and University of Chicago - Booth School of Business
Downloads 782 (68,643)

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Political Connections, Capture, Antitrust

Political Determinants of Competition in the Mobile Telecommunication Industry

NBER Working Paper No. w23041
Number of pages: 52 Posted: 17 Jan 2017 Last Revised: 17 Jun 2023
Mara Faccio and Luigi Zingales
Mitchell E. Daniels, Jr. School of Business, Purdue University and University of Chicago - Booth School of Business
Downloads 47 (895,335)
Citation 26

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Political Determinants of Competition in the Mobile Telecommunication Industry

CEPR Discussion Paper No. DP11794
Number of pages: 54 Posted: 23 Jan 2017
Mara Faccio and Luigi Zingales
Mitchell E. Daniels, Jr. School of Business, Purdue University and University of Chicago - Booth School of Business
Downloads 3 (1,384,878)
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Antitrust, capture, political economy

21.

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
Lorenzo Caprio, Mara Faccio and John J. McConnell
Università Cattolica del Sacro Cuore, Milano, Mitchell E. Daniels, Jr. School of Business, Purdue University and Purdue University
Downloads 671 (85,092)
Citation 43

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22.

Taxes, Capital Structure Choices, and Equity Value

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 50 Posted: 12 Mar 2014 Last Revised: 26 Feb 2017
Mara Faccio and Jin Xu
Mitchell E. Daniels, Jr. School of Business, Purdue University and Virginia Tech - Pamplin College of Business
Downloads 664 (86,210)
Citation 1

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Taxes, Capital structure choices, Equity value

23.

Exposing the Revolving Door in Executive Branch Agencies

Number of pages: 57 Posted: 28 Jan 2021 Last Revised: 13 Feb 2024
Logan P. Emery and Mara Faccio
Rotterdam School of Management, Erasmus University and Mitchell E. Daniels, Jr. School of Business, Purdue University
Downloads 662 (86,730)

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Revolving door, government, procurement contracts, regulation

24.

Expropriation vs. Proportional Sharing in Corporate Acquisitions

Downloads 600 (98,174)
Citation 14

Expropriation vs. Proportional Sharing in Corporate Acquisitions

Number of pages: 51 Posted: 20 May 2004
Mara Faccio and David Stolin
Mitchell E. Daniels, Jr. School of Business, Purdue University and Toulouse Business School - Economics and Finance
Downloads 600 (96,857)
Citation 14

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M&As, expropriation, controlling shareholder

Expropriation vs. Proportional Sharing in Corporate Acquisitions

Posted: 17 Jun 2004
Mara Faccio and David Stolin
Mitchell E. Daniels, Jr. School of Business, Purdue University and Toulouse Business School - Economics and Finance

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Expropriation, mergers, event studies

25.

Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices

Downloads 546 (110,586)

Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices

University of Alberta School of Business Research Paper No. 2018-504-1
Number of pages: 53 Posted: 09 May 2018 Last Revised: 18 Dec 2019
Mara Faccio, Randall Morck and M. Deniz Yavuz
Mitchell E. Daniels, Jr. School of Business, Purdue University, University of Alberta - Department of Finance and Statistical Analysis and Purdue University - Krannert School of Management
Downloads 485 (126,261)

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Business groups, incorporation of firm-specific information, economic growth

Business Groups and the Incorporation of Firm-Specific Shocks into Stock Prices

NBER Working Paper No. w25908
Number of pages: 55 Posted: 05 Jun 2019 Last Revised: 17 Apr 2022
Mara Faccio, Randall Morck and M. Deniz Yavuz
Mitchell E. Daniels, Jr. School of Business, Purdue University, University of Alberta - Department of Finance and Statistical Analysis and Purdue University - Krannert School of Management
Downloads 61 (786,142)

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26.

Business Groups and Employment

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 539/2017
Number of pages: 53 Posted: 05 Jun 2015 Last Revised: 27 Feb 2020
Mara Faccio and William O'Brien
Mitchell E. Daniels, Jr. School of Business, Purdue University and University of Illinois Chicago
Downloads 464 (134,967)
Citation 13

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Business Groups, Employment, Business Cycles

27.

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
Mitchell E. Daniels, Jr. School of Business, Purdue University, Toulouse Business School - Economics and Finance and Purdue University
Downloads 417 (152,913)
Citation 3

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28.

Impediments to the Schumpeterian Process in the Replacement of Large Firms

Downloads 235 (281,584)

Impediments to the Schumpeterian Process in the Replacement of Large Firms

Journal of Finance, forthcoming
Number of pages: 75 Posted: 12 Nov 2020 Last Revised: 20 Oct 2024
Mara Faccio and John J. McConnell
Mitchell E. Daniels, Jr. School of Business, Purdue University and Purdue University
Downloads 200 (327,272)

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Schumpeterian Process, Creative Destruction, Impediments, Political Connections, Regulatory Capture

Impediments to the Schumpeterian Process in the Replacement of Large Firms

NBER Working Paper No. w27871
Number of pages: 62 Posted: 28 Sep 2020 Last Revised: 26 Feb 2023
Mara Faccio and John J. McConnell
Mitchell E. Daniels, Jr. School of Business, Purdue University and Purdue University
Downloads 35 (1,014,058)

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29.

Taxes and Private Firms' Capital Structure Choices

FEB-RN Research Paper No. 09/2024
Number of pages: 59 Posted: 22 Jul 2024 Last Revised: 24 Apr 2025
Mara Faccio and Jin Xu
Mitchell E. Daniels, Jr. School of Business, Purdue University and Virginia Tech - Pamplin College of Business
Downloads 218 (302,851)

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taxes, capital structure, private firms, interest ceiling rules, discontinuities, tax base

30.

Political Connections Cause Resource Misallocation: Evidence from the Fall of Fascism in Italy

European Corporate Governance Institute – Finance Working Paper No. 939/2023, APS, Financial Management, 0000, Vol. 0, pp. 0000-0000
Number of pages: 66 Posted: 15 Mar 2023 Last Revised: 12 Nov 2024
Mara Faccio and John J. McConnell
Mitchell E. Daniels, Jr. School of Business, Purdue University and Purdue University
Downloads 205 (321,065)
Citation 1

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Political connections, capital misallocation

31.

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
Mitchell E. Daniels, Jr. School of Business, Purdue University and Vanderbilt University – Finance and Economics
Downloads 30 (1,042,045)
Citation 2
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Political connections, sudden deaths

32.

The Externalities Of Corporate Political Connections: Evidence From The Supply Chain

Number of pages: 44 Posted: 28 Apr 2025
Scott Hsu and Mara Faccio
University of Arkansas, Fayetteville - Department of Finance and Mitchell E. Daniels, Jr. School of Business, Purdue University
Downloads 28 (1,065,057)

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33.

Taxes and Private Firms’ Capital Structure Choices

NBER Working Paper No. w33685
Number of pages: 57 Posted: 15 Apr 2025
Mara Faccio and Jin Xu
Mitchell E. Daniels, Jr. School of Business, Purdue University and Virginia Tech - Pamplin College of Business
Downloads 7 (1,303,562)
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34.

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
Mitchell E. Daniels, Jr. School of Business, Purdue University and Federal Reserve Bank of Kansas City

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bankruptcy, liquidation, restructuring, corporate governance

35.

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
Mitchell E. Daniels, Jr. School of Business, Purdue University and Bayes Business School, City, University of London

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Orate governance, pension funds, board structure, performance