Paolo F. Volpin

Drexel University - Bennett S. LeBow College of Business

Professor of Finance

101 N. 33rd St.

Philadelphia, PA 19104

United States

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

City University London - Faculty of Finance

Professor of Finance

London, EC2Y 8HB

Great Britain

SCHOLARLY PAPERS

34

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Top 1,525

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34,316

SSRN CITATIONS
Rank 894

SSRN RANKINGS

Top 894

in Total Papers Citations

999

CROSSREF CITATIONS

659

Scholarly Papers (34)

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 Drexel University - Bennett S. LeBow College of Business
Downloads 6,329 (2,246)
Citation 10

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

2.
Downloads 5,764 ( 2,639)
Citation 140

Cross-Country Determinants of Mergers and Acquisitions

ECGI - Finance Working Paper No. 25/2003; AFA 2004 San Diego Meetings; EFA 2003 Annual Conference Paper No. 251
Number of pages: 40 Posted: 29 May 2003
Stefano Rossi and Paolo F. Volpin
Bocconi University and Drexel University - Bennett S. LeBow College of Business
Downloads 5,698 (2,656)
Citation 82

Abstract:

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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 Drexel University - Bennett S. LeBow College of Business
Downloads 66 (627,797)
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Mergers and acquisitions, corporate governance, investor protection

3.
Downloads 2,653 ( 9,612)
Citation 100

Managers, Workers, and Corporate Control

EFA 2002 Berlin Meetings Presented Paper; ECGI - Finance Working Paper No. 01/2002
Number of pages: 40 Posted: 11 Apr 2003
Paolo F. Volpin and Marco Pagano
Drexel University - Bennett S. LeBow College of Business and CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF)
Downloads 2,629 (9,575)
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
CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 24 (931,291)
Citation 42
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Corporate control, private benefits, takeovers, ESOPs, employment protection

4.

History of Corporate Ownership in Italy

ECGI - Finance Working Paper No. 17/2003
Number of pages: 43 Posted: 31 Mar 2003
Alexander Aganin and Paolo F. Volpin
Cornerstone Research and Drexel University - Bennett S. LeBow College of Business
Downloads 2,304 (12,033)
Citation 55

Abstract:

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

5.
Downloads 1,875 (16,625)
Citation 108

The Political Economy of Corporate Governance

Number of pages: 35 Posted: 15 Mar 2000
Marco Pagano and Paolo F. Volpin
CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 1,875 (16,360)
Citation 108

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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
Drexel University - Bennett S. LeBow College of Business and CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF)

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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, Drexel University - Bennett S. LeBow College of Business and Bocconi University - Department of Finance
Downloads 1,786 (18,003)
Citation 21

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ownership, family firms, life cycle, corporate performance

7.
Downloads 1,447 (24,824)
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
New York University (NYU) - Leonard N. Stern School of Business, Erasmus University and Drexel University - Bennett S. LeBow College of Business
Downloads 1,018 (40,703)
Citation 16

Abstract:

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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
New York University (NYU) - Leonard N. Stern School of Business, Erasmus University and Drexel University - Bennett S. LeBow College of Business
Downloads 425 (125,891)
Citation 6

Abstract:

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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
New York University (NYU) - Leonard N. Stern School of Business, Erasmus University and Drexel University - Bennett S. LeBow College of Business
Downloads 4 (1,133,709)
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corporate governance, executive compensation, externalities

8.
Downloads 1,318 (28,500)
Citation 13

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
New York University (NYU) - Leonard N. Stern School of Business and Drexel University - Bennett S. LeBow College of Business
Downloads 1,109 (36,061)
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
New York University (NYU) - Leonard N. Stern School of Business and Drexel University - Bennett S. LeBow College of Business
Downloads 203 (272,628)

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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
New York University (NYU) - Leonard N. Stern School of Business and Drexel University - Bennett S. LeBow College of Business
Downloads 6 (1,116,774)
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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
New York University (NYU) - Leonard N. Stern School of Business and Drexel University - Bennett S. LeBow College of Business

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, Drexel University - Bennett S. LeBow College of Business and Bocconi University - Department of Finance
Downloads 1,036 (40,408)
Citation 59

Abstract:

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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 Drexel University - Bennett S. LeBow College of Business
Downloads 982 (43,509)
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
CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 875 (50,335)
Citation 5

Abstract:

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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
CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 23 (941,285)
Citation 10
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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
Drexel University - Bennett S. LeBow College of Business
Downloads 759 (61,898)
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
Drexel University - Bennett S. LeBow College of Business
Downloads 751 (62,756)
Citation 5

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Management turnover, corporate governance, pyramidal groups

14.
Downloads 738 (64,286)
Citation 60

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
CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 730 (64,267)
Citation 27

Abstract:

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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
CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 8 (1,098,336)
Citation 19
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default, liquidity, rating, securitization, subprime lending crisis, transparency

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
New York University (NYU) - Leonard N. Stern School of Business, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 461 (114,324)
Citation 24

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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
New York University (NYU) - Leonard N. Stern School of Business, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 168 (323,325)

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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: 13 Feb 2022
New York University (NYU) - Leonard N. Stern School of Business, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 27 (902,259)

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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
New York University (NYU) - Leonard N. Stern School of Business, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 4 (1,133,709)
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executive compensation, managerial talent, managerial turnover, short-termism

16.

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 Drexel University - Bennett S. LeBow College of Business
Downloads 628 (78,924)
Citation 28

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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 Drexel University - Bennett S. LeBow College of Business
Downloads 588 (84,655)
Citation 17

Abstract:

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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 Drexel University - Bennett S. LeBow College of Business
Downloads 27 (902,259)
Citation 3
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Defined-benefits, pension plans, insiders, corporate governance, pension trustees

18.

Mandatory Financial Disclosure and M&A Activity

Forthcoming Review of Financial Studies
Number of pages: 83 Posted: 11 Mar 2021 Last Revised: 12 Jun 2023
Universitat Pompeu Fabra, Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM), City University London - Bayes Business School and Drexel University - Bennett S. LeBow College of Business
Downloads 581 (87,022)
Citation 6

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Financial disclosure; mergers and acquisitions; private firms

19.

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
Centre for Economic Policy Research (CEPR), London Business School and Drexel University - Bennett S. LeBow College of Business
Downloads 515 (101,183)
Citation 51

Abstract:

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labor regulation, capital structure, tangibility, operating leverage

20.

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 Drexel University - Bennett S. LeBow College of Business
Downloads 414 (131,153)
Citation 6

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

21.
Downloads 368 (149,768)
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 Drexel University - Bennett S. LeBow College of Business
Downloads 338 (163,118)
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 Drexel University - Bennett S. LeBow College of Business
Downloads 30 (874,877)
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Politics, entry, financial development, entrepreneurship, investor protection, income inequality, growth

22.

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 Drexel University - Bennett S. LeBow College of Business
Downloads 343 (161,722)
Citation 7

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corporate governance, institutional investors, agency costs of debt

23.

Shareholder activism in small-cap newly-public firms

Financial Analysts Journal, forthcoming
Number of pages: 61 Posted: 12 Jun 2019 Last Revised: 13 Nov 2023
Emmanuel Pezier and Paolo F. Volpin
University of Oxford, Saïd Business School and Drexel University - Bennett S. LeBow College of Business
Downloads 280 (200,297)
Citation 1

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shareholder activism, corporate governance, institutional investors, small-caps, IPOs

24.

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 Drexel University - Bennett S. LeBow College of Business
Downloads 244 (229,772)
Citation 7

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25.

Public Information and Inefficient Investment

Number of pages: 43 Posted: 17 Mar 2010 Last Revised: 15 Dec 2012
Vito D. Gala and Paolo F. Volpin
Morningstar Investment Management LLC and Drexel University - Bennett S. LeBow College of Business
Downloads 222 (251,553)

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

26.

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 Drexel University - Bennett S. LeBow College of Business
Downloads 207 (268,555)
Citation 3

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Marking to Market, Investment Decisions, Reputation, Agency Problem

27.

Trading Off Stakeholder Interests: Evidence from Antitrust Investigations

Number of pages: 68 Posted: 18 Feb 2021 Last Revised: 08 Nov 2023
Giacinta Cestone, Jiaying Li and Paolo F. Volpin
Bayes Business School, City University London, Bayes Business School, City University of London and Drexel University - Bennett S. LeBow College of Business
Downloads 195 (283,444)

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Antitrust, Cartels, Mass Layoffs, Corporate Restructuring, Stakeholders

28.

Do Paid Sick Leave Mandates Increase Productivity?

Number of pages: 56 Posted: 17 May 2022 Last Revised: 09 Dec 2022
Liangrong Chunyu, Paolo F. Volpin and Xingchen Zhu
University of Essex, Drexel University - Bennett S. LeBow College of Business and Vrije Universiteit Amsterdam
Downloads 185 (297,160)

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Paid Sick Leave, Firm Performance, Employee Health, Human Capital

29.

The Political Economy of Personal Bankruptcy Law

Number of pages: 39 Posted: 27 Nov 2013
Vito D. Gala, Jodie A. Kirshner and Paolo F. Volpin
Morningstar Investment Management LLC, University of Cambridge and Drexel University - Bennett S. LeBow College of Business
Downloads 95 (499,683)
Citation 3

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

30.
Downloads 76 (572,249)
Citation 5

The Political Economy of Finance

Number of pages: 35 Posted: 21 Mar 2002
Marco Pagano and Paolo F. Volpin
CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 76 (579,704)
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
CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business

Abstract:

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31.

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

Number of pages: 51 Posted: 21 Mar 2002
Paolo F. Volpin
Drexel University - Bennett S. LeBow College of Business
Downloads 41 (764,776)
Citation 11
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Executive turnover, corporate governance, pyramidal groups

32.

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
CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Drexel University - Bennett S. LeBow College of Business
Downloads 7 (1,066,779)
Citation 5
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credit rating agencies, crisis, default, liquidity, securitization, transparenccy

33.

How Does Financial Reporting Affect the Market for Corporate Control?

Posted: 15 Apr 2024
Eliezer M. Fich, Torin McFarland and Paolo F. Volpin
Drexel University - Department of Finance, Drexel University - Department of Finance and Drexel University - Bennett S. LeBow College of Business

Abstract:

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Non-accelerated filers, Smaller reporting companies, Merger activity, Adverse selection, takeover premiums

34.

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 Drexel University - Bennett S. LeBow College of Business

Abstract:

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Portfolio Management, Investment Policy, Asset Allocation, Corporate Governance

Other Papers (1)

Total Downloads: 35
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 Drexel University - Bennett S. LeBow College of Business
Downloads 35

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