Paolo F. Volpin

City University London - Faculty of Finance

Professor of Finance

London, EC2Y 8HB

Great Britain

Centre for Economic Policy Research (CEPR)

Research Affiliate

London

United Kingdom

European Corporate Governance Institute (ECGI)

Research Associate

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

http:/www.ecgi.org

SCHOLARLY PAPERS

32

DOWNLOADS
Rank 1,075

SSRN RANKINGS

Top 1,075

in Total Papers Downloads

31,375

SSRN CITATIONS
Rank 897

SSRN RANKINGS

Top 897

in Total Papers Citations

618

CROSSREF CITATIONS

660

Scholarly Papers (32)

1.

Corporate Governance Reforms in Continental Europe

Journal of Economic Perspectives, Vol. 21, No. 1, pp. 117-140, Winter 2007
Number of pages: 24 Posted: 16 Mar 2007
Luca Enriques and Paolo F. Volpin
University of Oxford Faculty of Law and City University London - Faculty of Finance
Downloads 6,160 (1,462)
Citation 10

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Corporate Governance, Concentrated Ownership, Corporate Law Reform, Internal Governance, Shareholder Empowerment, Disclosure, Private Enforcement, Public Enforcement

2.
Downloads 5,525 ( 1,749)
Citation 83

Cross-Country Determinants of Mergers and Acquisitions

Number of pages: 40 Posted: 29 May 2003
Stefano Rossi and Paolo F. Volpin
Bocconi University and City University London - Faculty of Finance
Downloads 5,459 (1,754)
Citation 82

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Mergers and acquisitions, Corporate governance, Investor protection

Cross-Country Determinants of Mergers and Acquisitions

Number of pages: 34 Posted: 20 Jun 2003
Stefano Rossi and Paolo F. Volpin
Bocconi University and City University London - Faculty of Finance
Downloads 66 (425,547)
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Mergers and acquisitions, corporate governance, investor protection

3.
Downloads 2,598 ( 6,431)
Citation 83

Managers, Workers, and Corporate Control

Number of pages: 40 Posted: 11 Apr 2003
Paolo F. Volpin and Marco Pagano
City University London - Faculty of Finance and University of Naples Federico II - Department of Economics and Statistics
Downloads 2,574 (6,422)
Citation 28

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private benefits, employment protection, takeovers, ESOPs

Managers, Workers and Corporate Control

Number of pages: 38 Posted: 07 Jan 2003
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 24 (632,544)
Citation 38
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Corporate control, private benefits, takeovers, ESOPs, employment protection

4.

History of Corporate Ownership in Italy

Number of pages: 43 Posted: 31 Mar 2003
Alexander Aganin and Paolo F. Volpin
Cornerstone Research and City University London - Faculty of Finance
Downloads 2,212 (8,331)
Citation 51

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law and finance, political economy, financial development, ownership concentration, pyramids, family capitalism

5.
Downloads 1,809 ( 11,568)
Citation 73

The Political Economy of Corporate Governance

Number of pages: 35 Posted: 15 Mar 2000
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 1,809 (11,364)
Citation 73

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The Political Economy of Corporate Governance

American Economic Review, Vol. 95, No. 4, September 2005
Posted: 29 Mar 2006
Paolo F. Volpin and Marco Pagano
City University London - Faculty of Finance and University of Naples Federico II - Department of Economics and Statistics

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6.

The Life Cycle of Family Ownership: International Evidence

EFA 2009 Bergen Meetings Paper, AFA 2009 San Francisco Meetings Paper, Paris December 2011 Finance Meeting EUROFIDAI - AFFI
Number of pages: 68 Posted: 06 Mar 2008 Last Revised: 25 Oct 2011
London Business School - Institute of Finance and Accounting, University of Oxford - Said Business School, City University London - Faculty of Finance and Bocconi University - Department of Finance
Downloads 1,656 (13,315)
Citation 12

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ownership, family firms, life cycle, corporate performance

7.
Downloads 1,341 ( 18,444)
Citation 17

Competition for Managers and Corporate Governance

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 399/2014, AFA 2011 Denver Meetings Paper
Number of pages: 61 Posted: 19 Mar 2010 Last Revised: 26 Nov 2018
ProfessorNew York University - Leonard N. Stern School of Business, University of Mannheim and City University London - Faculty of Finance
Downloads 962 (29,597)
Citation 16

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corporate governance, executive compensation, separate CEO and Chairman.

Competition for Managers, Corporate Governance and Incentive Compensation

AFA 2012 Chicago Meetings Paper
Number of pages: 46 Posted: 19 Mar 2011
ProfessorNew York University - Leonard N. Stern School of Business, University of Mannheim and City University London - Faculty of Finance
Downloads 375 (99,473)
Citation 6

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corporate governance, executive compensation, externalities

Competition for Managers, Corporate Governance and Incentive Compensation

CEPR Discussion Paper No. DP8936
Number of pages: 51 Posted: 25 May 2012
ProfessorNew York University - Leonard N. Stern School of Business, University of Mannheim and City University London - Faculty of Finance
Downloads 4 (796,232)
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corporate governance, executive compensation, externalities

8.
Downloads 1,248 ( 20,573)
Citation 10

Corporate Governance Externalities

ECGI - Finance Working Paper No. 195/2008
Number of pages: 49 Posted: 20 Dec 2007 Last Revised: 01 Mar 2009
Viral V. Acharya, Viral V. Acharya and Paolo F. Volpin
ProfessorNew York University - Leonard N. Stern School of Business and City University London - Faculty of Finance
Downloads 1,062 (25,676)
Citation 12

Abstract:

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corporate governance, executive compensation, ownership structure, externality, regulation, governance standards

Corporate Governance Externalities

EFA 2008 Athens Meetings Paper
Number of pages: 45 Posted: 06 Mar 2008 Last Revised: 29 Sep 2008
Viral V. Acharya, Viral V. Acharya and Paolo F. Volpin
ProfessorNew York University - Leonard N. Stern School of Business and City University London - Faculty of Finance
Downloads 180 (209,607)

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corporate governance, executive compensation, ownership structure, externality, regulation, governance standards

Corporate Governance Externalities

CEPR Discussion Paper No. DP6627
Number of pages: 33 Posted: 05 Jun 2008
Viral V. Acharya, Viral V. Acharya and Paolo F. Volpin
ProfessorNew York University - Leonard N. Stern School of Business and City University London - Faculty of Finance
Downloads 6 (779,375)
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Corporate governance, executive compensation, externality, governance standards, ownership structure, regulation

Corporate Governance Externalities

Review of Finance, Vol. 14, Issue 1, pp. 1-33, 2010
Posted: 25 Jan 2010
Viral V. Acharya, Viral V. Acharya and Paolo F. Volpin
ProfessorNew York University - Leonard N. Stern School of Business and City University London - Faculty of Finance

Abstract:

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G34, J63, K22, K42, L14

9.

Does Family Control Matter? International Evidence from the 2008-2009 Financial Crisis

Review of Financial Studies, Forthcoming
Number of pages: 52 Posted: 25 Nov 2011 Last Revised: 02 May 2013
Karl V. Lins, Paolo F. Volpin and Hannes F. Wagner
University of Utah - Department of Finance, City University London - Faculty of Finance and Bocconi University - Department of Finance
Downloads 906 (32,716)
Citation 31

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blockholders, control, financial crisis, family

10.

Employment Protection and Takeovers

Journal of Financial Economics (JFE), Forthcoming, Rotman School of Management Working Paper No. 2619028
Number of pages: 55 Posted: 16 Jun 2015 Last Revised: 09 May 2017
Olivier Dessaint, Andrey Golubov and Paolo F. Volpin
INSEAD, University of Toronto - Rotman School of Management and City University London - Faculty of Finance
Downloads 875 (34,289)
Citation 18

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Employment Protection, Takeovers, Mergers and Acquisitions, Synergy Gains, Premiums, Efficiency

Shareholder Protection, Stock Market Development, and Politics

ECGI - Finance Working Paper No. 105/2005
Number of pages: 40 Posted: 23 Nov 2005
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 831 (36,279)
Citation 5

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political economy, shareholder protection, corporate governance, stock market development

Shareholder Protection, Stock Market Development and Politics

CEPR Discussion Paper No. 5378
Number of pages: 38 Posted: 21 Feb 2006
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 23 (639,949)
Citation 7
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Political economy, shareholder protection, corporate governance, stock market development

12.

Ownership Structure, Banks and Private Benefits of Control

Number of pages: 36 Posted: 11 Jan 2001
Paolo F. Volpin
City University London - Faculty of Finance
Downloads 736 (43,486)
Citation 6

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Relationship financing, corporate governance, ownership structure, investor protection

13.

Governance with Poor Investor Protection: Evidence from Top Executive Turnover

Number of pages: 42 Posted: 12 Mar 2001
Paolo F. Volpin
City University London - Faculty of Finance
Downloads 723 (44,510)
Citation 5

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Management turnover, corporate governance, pyramidal groups

14.
Downloads 674 ( 48,930)
Citation 52

Securitization, Transparency and Liquidity

EFA 2009 Bergen Meetings Paper, AFA 2010 Atlanta Meetings Paper
Number of pages: 56 Posted: 05 Feb 2009 Last Revised: 30 Dec 2010
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 666 (49,034)
Citation 29

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securitization, rating, liquidity, subprime lending crisis, default

Securitization, Transparency and Liquidity

CEPR Discussion Paper No. DP7105
Number of pages: 43 Posted: 18 Feb 2009
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 8 (762,470)
Citation 8
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default, liquidity, rating, securitization, subprime lending crisis, transparency

15.

Politics, Investor Protection and Competition

ECGI - Finance Working Paper No. 162/2007, Tinbergen Institute Discussion Paper No. 07-006/2
Number of pages: 42 Posted: 20 Jan 2007
Enrico C. Perotti and Paolo F. Volpin
University of Amsterdam - Finance Group and City University London - Faculty of Finance
Downloads 577 (59,661)
Citation 27

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Financial Development, Investor protection, Competition, Lobbying, Entry, Cost of Entry

The Corporate Governance of Defined Benefit Pension Plans: Evidence from the United Kingdom

ECGI - Finance Working Paper No. 76/2005
Number of pages: 43 Posted: 23 Feb 2005
Joao F. Cocco and Paolo F. Volpin
London Business School and City University London - Faculty of Finance
Downloads 533 (65,252)
Citation 19

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Defined benefits, pension plans, insiders, corporate governance, pension trustees

The Corporate Governance of Defined-Benefit Pension Plans: Evidence from the United Kingdom

Number of pages: 40 Posted: 24 Jun 2005
Joao F. Cocco and Paolo F. Volpin
London Business School and City University London - Faculty of Finance
Downloads 27 (610,650)
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Defined-benefits, pension plans, insiders, corporate governance, pension trustees

Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 398/2014, AFA 2012 Chicago Meetings Paper
Number of pages: 57 Posted: 19 Mar 2011 Last Revised: 26 Nov 2018
ProfessorNew York University - Leonard N. Stern School of Business, University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 403 (91,503)
Citation 16

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managerial talent, project allocation, insurance, mobility, turnover

Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent

NYU Working Paper No. 2451/31368
Number of pages: 51 Posted: 15 Dec 2011 Last Revised: 18 May 2016
ProfessorNew York University - Leonard N. Stern School of Business, University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 123 (286,373)

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managerial talent, alpha, risk taking, mobility, managerial labor market, competition, poaching

Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent

NBER Working Paper No. w18891
Number of pages: 49 Posted: 17 Mar 2013 Last Revised: 15 Aug 2021
ProfessorNew York University - Leonard N. Stern School of Business, University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 10 (744,925)

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Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent

CEPR Discussion Paper No. DP8905
Number of pages: 42 Posted: 04 Apr 2012
ProfessorNew York University - Leonard N. Stern School of Business, University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 4 (796,232)
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executive compensation, managerial talent, managerial turnover, short-termism

18.
Downloads 340 (111,888)
Citation 17

Lobbying on Entry

Number of pages: 44 Posted: 28 Jun 2004
Enrico C. Perotti and Paolo F. Volpin
University of Amsterdam - Finance Group and City University London - Faculty of Finance
Downloads 310 (122,946)
Citation 33

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Politics, Entry, Financial Development, Entrepreneurship, Investor protection, Income Inequality, Growth

Lobbying on Entry

Number of pages: 47 Posted: 17 Sep 2004
Enrico C. Perotti and Paolo F. Volpin
University of Amsterdam - Finance Group and City University London - Faculty of Finance
Downloads 30 (590,812)
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Politics, entry, financial development, entrepreneurship, investor protection, income inequality, growth

19.

Endogenous Political Institutions and Financial Development

Number of pages: 39 Posted: 03 Aug 2017
Thomas Lambert and Paolo F. Volpin
Rotterdam School of Management, Erasmus University and City University London - Faculty of Finance
Downloads 323 (118,340)
Citation 4

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banking sector, financial development, law and finance, political economy, political institutions, political power, stock markets, suffrage institutions

20.

Labor Protection and Leverage

Number of pages: 50 Posted: 28 Mar 2012 Last Revised: 13 Apr 2014
Elena Simintzi, Vikrant Vig and Paolo F. Volpin
University of North Carolina Kenan-Flagler Business School, London Business School and City University London - Faculty of Finance
Downloads 319 (119,959)
Citation 51

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labor regulation, capital structure, tangibility, operating leverage

21.

Institutional Debt Holder Governance

Journal of Financial and Quantitative Analysis, forthcoming, European Corporate Governance Institute - Finance Working Paper No. 613/2019
Number of pages: 54 Posted: 07 Dec 2018 Last Revised: 05 May 2020
Aneel Keswani, Anh L. Tran and Paolo F. Volpin
Faculty of Finance, Cass Business School, City University, London, Bayes Business School (formerly Cass Business School), City University of London and City University London - Faculty of Finance
Downloads 237 (162,563)
Citation 2

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corporate governance, institutional investors, agency costs of debt

22.

Activism in UK small-cap stocks

Number of pages: 57 Posted: 12 Jun 2019 Last Revised: 11 Dec 2020
Emmanuel Pezier and Paolo F. Volpin
City University London - Sir John Cass Business School and City University London - Faculty of Finance
Downloads 225 (170,867)
Citation 1

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shareholder activism, corporate governance, institutional investors

23.

The Political Economy of Entry: Lobbying and Financial Development

Number of pages: 32 Posted: 05 Jan 2005
Enrico C. Perotti and Paolo F. Volpin
University of Amsterdam - Finance Group and City University London - Faculty of Finance
Downloads 209 (183,216)
Citation 7

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24.

Public Information and Inefficient Investment

Number of pages: 43 Posted: 17 Mar 2010 Last Revised: 15 Dec 2012
Vito Gala and Paolo F. Volpin
Pacific Investment Management Company - PIMCO and City University London - Faculty of Finance
Downloads 191 (198,834)

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inefficient investment, liquidity crises, general equilibrium, social welfare, incomplete markets, public information, disclosure, regulation

25.

Marking to Market and Inefficient Investment Decisions

HEC Paris Research Paper No. FIN-2013-986
Number of pages: 67 Posted: 15 Feb 2013 Last Revised: 15 Jun 2016
Clemens A. Otto and Paolo F. Volpin
Singapore Management University - Lee Kong Chian School of Business and City University London - Faculty of Finance
Downloads 181 (208,492)
Citation 1

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Marking to Market, Investment Decisions, Reputation, Agency Problem

26.

Mandatory Financial Disclosure and M&A Activity

Number of pages: 39 Posted: 11 Mar 2021
Universitat Pompeu FabraUniversitat Pompeu Fabra, Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM), City, University of London - Bayes Business School and City University London - Faculty of Finance
Downloads 114 (302,732)

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Disclosure, M&As, Uncertainty, Asymmetric Information

27.
Downloads 76 (389,050)
Citation 5

The Political Economy of Finance

Number of pages: 35 Posted: 21 Mar 2002
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 76 (393,372)
Citation 5
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Political economy, shareholder protection, corporate governance, bankruptcy law, credit market regulation, financial

The Political Economy of Finance

Posted: 17 Oct 2003
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance

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28.

The Political Economy of Personal Bankruptcy Law

Number of pages: 39 Posted: 27 Nov 2013
Vito Gala, Jodie A. Kirshner and Paolo F. Volpin
Pacific Investment Management Company - PIMCO, University of Cambridge and City University London - Faculty of Finance
Downloads 63 (430,190)
Citation 3

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personal bankruptcy, homestead exemption, political economy, federalism, creditor rights, income inequality

29.

Trading Off Stakeholder Interests: Evidence from Antitrust Investigations

Number of pages: 34 Posted: 18 Feb 2021 Last Revised: 24 Apr 2021
Giacinta Cestone, Jiaying Li and Paolo F. Volpin
Cass Business School, City University London, City University London - Faculty of Finance and City University London - Faculty of Finance
Downloads 55 (459,118)

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Antitrust, Cartels, Mass Layoffs, Stakeholders

30.

Governance with Poor Investor Protection: Evidence from Top Executive Turnover in Italy

Number of pages: 51 Posted: 21 Mar 2002
Paolo F. Volpin
City University London - Faculty of Finance
Downloads 41 (518,409)
Citation 11
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Executive turnover, corporate governance, pyramidal groups

31.

Credit Ratings Failures and Policy Options

CEPR Discussion Paper No. DP7556
Number of pages: 31 Posted: 11 Jan 2010
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 7 (740,498)
Citation 5
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credit rating agencies, crisis, default, liquidity, securitization, transparenccy

32.

Corporate Governance of Pension Plans: The U.K. Evidence

Financial Analysts Journal, Vol. 63, No. 1, pp. 70-83, January/February 2007
Posted: 02 Feb 2007
Joao F. Cocco and Paolo F. Volpin
London Business School and City University London - Faculty of Finance

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Portfolio Management, Investment Policy, Asset Allocation, Corporate Governance

Other Papers (1)

Total Downloads: 20
1.

The Political Economy of Personal Bankruptcy Laws: Evidence from the 1978 Reform

Number of pages: 34 Posted: 22 Mar 2011 Last Revised: 16 Jul 2012
Jodie A. Kirshner and Paolo F. Volpin
University of Cambridge and City University London - Faculty of Finance
Downloads 20

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personal bankruptcy, homestead exemption, political economy, federalism, creditor rights, income inequality.