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

  • City University London - Faculty of Finance

SCHOLARLY PAPERS

29

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29,130

CITATIONS
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976

Scholarly Papers (29)

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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 5,894 (1,020)
Citation 61

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

2.

Cross-Country Determinants of Mergers and Acquisitions

Downloads 5,299 ( 1,208)
Citation 156

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 City University London - Faculty of Finance
Downloads 5,234 (1,231)
Citation 156

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Mergers and acquisitions, Corporate governance, Investor protection

Cross-Country Determinants of Mergers and Acquisitions

CEPR Discussion Paper No. 3889
Number of pages: 34 Posted: 20 Jun 2003
Stefano Rossi and Paolo F. Volpin
Bocconi University and City University London - Faculty of Finance
Downloads 65 (324,072)
Citation 156
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Mergers and acquisitions, corporate governance, investor protection

3.

Managers, Workers, and Corporate Control

Downloads 2,546 ( 4,353)
Citation 61

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
City University London - Faculty of Finance and University of Naples Federico II - Department of Economics and Statistics
Downloads 2,522 (4,331)
Citation 61

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private benefits, employment protection, takeovers, ESOPs

Managers, Workers and Corporate Control

CEPR Discussion Paper No. 3649
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 (481,310)
Citation 61
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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 City University London - Faculty of Finance
Downloads 2,153 (5,773)
Citation 59

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

5.

The Political Economy of Corporate Governance

Downloads 1,781 ( 8,033)

The Political Economy of Corporate Governance

AFA 2002 Atlanta Meetings; Univ. of Salerno Working Paper No. 29
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 1,781 (7,869)
Citation 180

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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
Julian R. Franks, Colin Mayer, Paolo F. Volpin and Hannes F. Wagner
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 1,511 (10,439)
Citation 23

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ownership, family firms, life cycle, corporate performance

7.

Competition for Managers and Corporate Governance

Downloads 1,262 ( 13,911)
Citation 10

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: 55 Posted: 19 Mar 2010 Last Revised: 15 Nov 2016
Viral V. Acharya, Marc Gabarro and Paolo F. Volpin
New York University - Leonard N. Stern School of Business, University of Mannheim and City University London - Faculty of Finance
Downloads 922 (21,989)
Citation 10

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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
Viral V. Acharya, Marc Gabarro and Paolo F. Volpin
New York University - Leonard N. Stern School of Business, University of Mannheim and City University London - Faculty of Finance
Downloads 336 (81,912)
Citation 10

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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
Viral V. Acharya, Marc Gabarro and Paolo F. Volpin
New York University - Leonard N. Stern School of Business, University of Mannheim and City University London - Faculty of Finance
Downloads 4 (603,245)
Citation 10
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corporate governance, executive compensation, externalities

8.

Corporate Governance Externalities

Downloads 1,183 ( 15,402)
Citation 26

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 and Paolo F. Volpin
New York University - Leonard N. Stern School of Business and City University London - Faculty of Finance
Downloads 1,012 (19,083)
Citation 26

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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 and Paolo F. Volpin
New York University - Leonard N. Stern School of Business and City University London - Faculty of Finance
Downloads 165 (168,205)
Citation 26

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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 and Paolo F. Volpin
New York University - Leonard N. Stern School of Business and City University London - Faculty of Finance
Downloads 6 (590,806)
Citation 26
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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 and Paolo F. Volpin
New York University - Leonard N. Stern School of Business and City University London - Faculty of Finance

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G34, J63, K22, K42, L14

9.

Shareholder Protection, Stock Market Development, and Politics

Downloads 828 ( 26,149)
Citation 24

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 805 (26,820)
Citation 24

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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 (487,121)
Citation 24
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Political economy, shareholder protection, corporate governance, stock market development

10.

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 799 (27,516)
Citation 2

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blockholders, control, financial crisis, family

11.

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
University of Toronto - Rotman School of Management, University of Toronto - Rotman School of Management and City University London - Faculty of Finance
Downloads 752 (29,862)

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

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 722 (31,592)
Citation 2

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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 716 (31,943)
Citation 99

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Management turnover, corporate governance, pyramidal groups

14.

Securitization, Transparency and Liquidity

Downloads 633 ( 37,727)
Citation 20

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 625 (37,799)
Citation 20

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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 (578,949)
Citation 20
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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 542 (46,165)
Citation 14

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

16.

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

Downloads 528 ( 47,738)
Citation 19

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 501 (50,439)
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

CEPR Discussion Paper No. 4932
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 (464,096)
Citation 19
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Defined-benefits, pension plans, insiders, corporate governance, pension trustees

17.

Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent

Downloads 497 ( 51,592)
Citation 5

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: 51 Posted: 19 Mar 2011 Last Revised: 18 May 2016
Viral V. Acharya, Marco Pagano and Paolo F. Volpin
New 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 370 (73,092)
Citation 5

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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
Viral V. Acharya, Marco Pagano and Paolo F. Volpin
New 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 117 (222,493)
Citation 5

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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
Viral V. Acharya, Marco Pagano and Paolo F. Volpin
New 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 6 (590,806)
Citation 5

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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
Viral V. Acharya, Marco Pagano and Paolo F. Volpin
New 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 (603,245)
Citation 5
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executive compensation, managerial talent, managerial turnover, short-termism

18.

Lobbying on Entry

Downloads 327 ( 85,026)
Citation 28

Lobbying on Entry

EFA 2004 Maastricht Meetings Paper No. 2277
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 297 (94,121)
Citation 28

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

Lobbying on Entry

CEPR Discussion Paper No. 4519
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 (448,573)
Citation 28
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Politics, entry, financial development, entrepreneurship, investor protection, income inequality, growth

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
University of North Carolina Kenan-Flagler Business School, London Business School and City University London - Faculty of Finance
Downloads 251 (113,080)

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labor regulation, capital structure, tangibility, operating leverage

20.

The Political Economy of Entry: Lobbying and Financial Development

AFA 2005 Philadelphia Meetings
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 199 (141,924)
Citation 7

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21.

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 189 (148,896)

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

22.

Public Information and Inefficient Investment

Number of pages: 43 Posted: 17 Mar 2010 Last Revised: 15 Dec 2012
Vito Gala and Paolo F. Volpin
The Wharton School, University of Pennsylvania and City University London - Faculty of Finance
Downloads 176 (158,766)

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

23.

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 166 (167,118)

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Marking to Market, Investment Decisions, Reputation, Agency Problem

24.

The Political Economy of Finance

Downloads 76 (293,751)

The Political Economy of Finance

CEPR Discussion Paper No. 3231
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 (296,734)
Citation 62
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Political economy, shareholder protection, corporate governance, bankruptcy law, credit market regulation, financial

The Political Economy of Finance

Oxford Review of Economic Policy, Vol. 17, No. 4, 2001
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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25.

The Political Economy of Personal Bankruptcy Law

Number of pages: 39 Posted: 27 Nov 2013
Vito Gala, Jodie A. Kirshner and Paolo F. Volpin
The Wharton School, University of Pennsylvania, University of Cambridge and City University London - Faculty of Finance
Downloads 50 (363,093)

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

26.

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

CEPR Discussion Paper No. 3229
Number of pages: 51 Posted: 21 Mar 2002
Paolo F. Volpin
City University London - Faculty of Finance
Downloads 41 (393,340)
Citation 98
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Executive turnover, corporate governance, pyramidal groups

27.

Credit Ratings Failures and Policy Options

Downloads 9 (549,265)
Citation 19

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 (584,886)
Citation 19
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credit rating agencies, crisis, default, liquidity, securitization, transparenccy

Credit Ratings Failures and Policy Options

Economic Policy, Vol. 25, Issue 62, pp. 401-431, April 2010
Number of pages: 31 Posted: 05 Apr 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 2 (620,049)
Citation 19
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28.

Executive Summary: Running in the Family

Business Strategy Review, Vol. 23, Issue 3, pp. 72-73, 2012
Number of pages: 2 Posted: 09 Sep 2012
Julian R. Franks, Colin Mayer, Paolo F. Volpin and Hannes F. Wagner
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 0 (618,093)
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29.

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: 17    Citations: 0
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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 17

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