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

30

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30,137

SSRN CITATIONS
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Top 890

in Total Papers Citations

449

CROSSREF CITATIONS

681

Scholarly Papers (30)

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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 6,053 (1,192)
Citation 8

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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 5,427 ( 1,433)
Citation 61

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 5,362 (1,446)
Citation 66

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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 (370,571)
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Mergers and acquisitions, corporate governance, investor protection

3.

Managers, Workers, and Corporate Control

Downloads 2,571 ( 5,216)
Citation 68

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 2,547 (5,201)
Citation 24

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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 (548,865)
Citation 31
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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 2,185 (6,831)
Citation 43

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

5.

The Political Economy of Corporate Governance

Downloads 1,795 ( 9,502)
Citation 58

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 1,795 (9,318)
Citation 58

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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 1,584 (11,632)
Citation 10

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ownership, family firms, life cycle, corporate performance

7.

Competition for Managers and Corporate Governance

Downloads 1,309 ( 15,705)
Citation 18

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
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 945 (25,022)
Citation 13

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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 360 (87,981)
Citation 9

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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 (693,453)
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corporate governance, executive compensation, externalities

8.

Corporate Governance Externalities

Downloads 1,220 ( 17,440)
Citation 9

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 1,041 (21,705)
Citation 10

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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 173 (185,670)

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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 (678,002)
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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.

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 852 (29,597)
Citation 13

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blockholders, control, financial crisis, family

10.

Shareholder Protection, Stock Market Development, and Politics

Downloads 843 ( 30,010)
Citation 28

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 820 (30,717)
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 (555,533)
Citation 5
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Political economy, shareholder protection, corporate governance, stock market development

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 830 (30,677)
Citation 10

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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 731 (36,504)
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 720 (37,218)
Citation 5

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Management turnover, corporate governance, pyramidal groups

14.

Securitization, Transparency and Liquidity

Downloads 655 ( 42,310)
Citation 49

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 647 (42,434)
Citation 30

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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 (662,883)
Citation 5
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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 561 (51,773)
Citation 27

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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 546 ( 53,540)
Citation 15

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 519 (56,489)
Citation 17

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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 (529,749)
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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 521 ( 56,820)
Citation 11

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
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 388 (80,562)
Citation 11

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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 121 (248,990)

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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 8 (662,883)

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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 (693,453)
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executive compensation, managerial talent, managerial turnover, short-termism

18.

Lobbying on Entry

Downloads 333 ( 96,780)
Citation 17

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 303 (106,847)
Citation 29

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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 (512,036)
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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 289 (112,974)
Citation 36

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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 City University London - Faculty of Finance
Downloads 242 (135,869)
Citation 1

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

21.

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 202 (161,422)
Citation 7

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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
Pacific Investment Management Company - PIMCO and City University London - Faculty of Finance
Downloads 180 (179,281)

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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 177 (181,983)
Citation 1

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Marking to Market, Investment Decisions, Reputation, Agency Problem

24.

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, Cass Business School, City University London and City University London - Faculty of Finance
Downloads 127 (239,103)

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corporate governance, institutional investors, agency costs of debt

25.

The Political Economy of Finance

Downloads 76 (336,061)

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 (339,555)
Citation 3
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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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26.

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 58 (387,344)
Citation 2

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

27.

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 (448,944)
Citation 9
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Executive turnover, corporate governance, pyramidal groups

28.

Credit Ratings Failures and Policy Options

Downloads 9 (629,007)
Citation 29

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 (670,341)
Citation 3
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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 (712,931)
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29.

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 (711,284)
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30.

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: 18
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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 18

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