Paolo Fulghieri

University of North Carolina Kenan-Flagler Business School

Professor of Finance

Kenan-Flagler Business School

Chapel Hill, NC 27599-3490

United States

European Corporate Governance Institute (ECGI)

Research Associate

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

http://www.ecgi.org

SCHOLARLY PAPERS

20

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6,976

CITATIONS
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Top 3,826

in Total Papers Citations

142

Scholarly Papers (20)

1.
Downloads 1,349 ( 12,699)
Citation 8

The Ownership and Financing of Innovation in R&D Races

ECGI - Finance Working Paper No. 18/2003
Number of pages: 54 Posted: 23 Apr 2003
Paolo Fulghieri and Merih Sevilir
University of North Carolina Kenan-Flagler Business School and Indiana University - Kelley School of Business - Department of Finance
Downloads 1,005 (19,485)
Citation 8

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R&D races, financing, venture capitalists, vertical integration

The Ownership and Financing of Innovation in R&D Races

AFA 2003 Washington, DC Meetings
Number of pages: 59 Posted: 11 Nov 2002
Paolo Fulghieri and Merih Sevilir
University of North Carolina Kenan-Flagler Business School and Indiana University - Kelley School of Business - Department of Finance
Downloads 344 (80,262)
Citation 8

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Synergies and Internal Agency Conflicts: The Double-Edged Sword of Mergers

Number of pages: 37 Posted: 22 Jul 2003
Paolo Fulghieri and Laurie Simon Hodrick
University of North Carolina Kenan-Flagler Business School and Columbia Business School - Finance and Economics
Downloads 1,168 (15,551)
Citation 24

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Synergies and Internal Agency Conflicts: The Double-Edged Sword of Mergers

Journal of Economics & Management Strategy, Vol. 15, No. 3, pp. 549-576, Fall 2006
Number of pages: 28 Posted: 20 Jul 2006
Paolo Fulghieri and Laurie Simon Hodrick
University of North Carolina Kenan-Flagler Business School and Columbia Business School - Finance and Economics
Downloads 27 (466,773)
Citation 24
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3.

Does Bad Corporate Governance Lead to Too Little Competition? Corporate Governance, Capital Structure, and Industry Concentration

ECGI - Working Paper No. 74/2005, EFA 2005 Moscow Meetings Paper
Number of pages: 34 Posted: 18 Jul 2005
Paolo Fulghieri and Matti Suominen
University of North Carolina Kenan-Flagler Business School and Aalto University School of Business
Downloads 909 (23,030)
Citation 10

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Corporate Governance, Competition

4.

Competition and Co-Operation Among Exchanges: A Theory of Cross Listing and Endogenous Listing Standards

Number of pages: 50 Posted: 07 Feb 2004
Thomas J. Chemmanur and Paolo Fulghieri
Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School
Downloads 559 (44,761)
Citation 33

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5.

The Economics of Solicited and Unsolicited Credit Ratings

Review of Financial Studies, Forthcoming
Number of pages: 51 Posted: 17 Mar 2010 Last Revised: 22 Oct 2013
Paolo Fulghieri, G√ľnter Strobl and Han Xia
University of North Carolina Kenan-Flagler Business School, Frankfurt School of Finance & Management and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 453 (58,339)
Citation 20

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Credit rating agencies, Unsolicited credit ratings, Reputation

6.

Asymmetric Information and the Pecking (Dis)Order

UNC Kenan-Flagler Research Paper No. 2012-6
Number of pages: 51 Posted: 20 Mar 2012 Last Revised: 20 Mar 2013
Paolo Fulghieri, Diego Garcia and Dirk Hackbarth
University of North Carolina Kenan-Flagler Business School, University of Colorado at Boulder - Leeds School of Business and Boston University - Department of Finance & Economics
Downloads 430 (62,190)
Citation 3

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Capital Structure

7.

The Value of Bank Capital and the Structure of the Banking Industry

Review of Financial Studies, Vol. 24, No. 4, April 2011
Number of pages: 20 Posted: 16 Feb 2011
Paolo Fulghieri, Franklin Allen and Hamid Mehran
University of North Carolina Kenan-Flagler Business School, Imperial College London and Independent
Downloads 417 (64,524)
Citation 2

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Value Bank Capital, Financial Intermediaries

8.
Downloads 417 ( 64,524)
Citation 30

Size and Focus of a Venture Capitalist's Portfolio

Number of pages: 42 Posted: 11 Dec 2004
Paolo Fulghieri and Merih Sevilir
University of North Carolina Kenan-Flagler Business School and Indiana University - Kelley School of Business - Department of Finance
Downloads 217 (131,360)
Citation 30

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Venture capital

Size and Focus of a Venture Capitalist's Portfolio

Number of pages: 50 Posted: 20 Mar 2005
Paolo Fulghieri and Merih Sevilir
University of North Carolina Kenan-Flagler Business School and Indiana University - Kelley School of Business - Department of Finance
Downloads 200 (142,067)
Citation 30

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Size and Focus of a Venture Capitalist's Portfolio

The Review of Financial Studies, Vol. 22, Issue 11, pp. 4643-4680, 2009
Posted: 08 Dec 2009
Paolo Fulghieri and Merih Sevilir
University of North Carolina Kenan-Flagler Business School and Indiana University - Kelley School of Business - Department of Finance

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9.

Mergers, Spin-Offs, and Employee Incentives

ECGI - Finance Working Paper No. 295/2010
Number of pages: 50 Posted: 17 Nov 2010
Paolo Fulghieri and Merih Sevilir
University of North Carolina Kenan-Flagler Business School and Indiana University - Kelley School of Business - Department of Finance
Downloads 336 (83,125)
Citation 5

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mergers, competition, incentives, innovation, human capital

10.

'O Sole Mio: An Experimental Analysis of Weather and Risk Attitudes in Financial Decisions

Number of pages: 38 Posted: 12 Nov 2011 Last Revised: 30 Nov 2013
Anna Bassi, Ric Colacito and Paolo Fulghieri
UNC Chapel Hill, University of North Carolina Kenan-Flagler Business School and University of North Carolina Kenan-Flagler Business School
Downloads 255 (112,040)
Citation 4

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Experiments, Risk Aversion, Weather, Sunshine

Innovation Waves, Investor Sentiment, and Mergers

Number of pages: 45 Posted: 21 Oct 2015 Last Revised: 30 Nov 2017
David L. Dicks and Paolo Fulghieri
Baylor University - Department of Finance, Insurance & Real Estate and University of North Carolina Kenan-Flagler Business School
Downloads 208 (136,777)

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Innovation, Ambiguity Aversion, Hot IPO Markets, Mergers

Innovation Waves, Investor Sentiment, and Mergers

CEPR Discussion Paper No. DP11082
Number of pages: 39 Posted: 02 Feb 2016
David L. Dicks and Paolo Fulghieri
Baylor University - Department of Finance, Insurance & Real Estate and University of North Carolina Kenan-Flagler Business School
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ambiguity aversion, hot IPO markets, innovation

Ambiguity, Disagreement, and Allocation of Control in Firms

ECGI - Finance Working Paper No. 396/2013 , UNC Kenan-Flagler Research Paper No. 2357599
Number of pages: 53 Posted: 22 Nov 2013 Last Revised: 24 Mar 2015
David L. Dicks and Paolo Fulghieri
Baylor University - Department of Finance, Insurance & Real Estate and University of North Carolina Kenan-Flagler Business School
Downloads 188 (150,566)

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Corporate Governance, Ambiguity Aversion, Uncertainty Aversion, Disagreement

Ambiguity, Disagreement, and Allocation of Control in Firms

CEPR Discussion Paper No. DP10400
Number of pages: 55 Posted: 10 Feb 2015
David L. Dicks and Paolo Fulghieri
Baylor University - Department of Finance, Insurance & Real Estate and University of North Carolina Kenan-Flagler Business School
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ambiguity aversion, corporate governance, disagreement

Uncertainty Aversion and Systemic Risk

Number of pages: 43 Posted: 08 Nov 2014 Last Revised: 07 Oct 2016
David L. Dicks and Paolo Fulghieri
Baylor University - Department of Finance, Insurance & Real Estate and University of North Carolina Kenan-Flagler Business School
Downloads 155 (178,719)

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Ambiguity Aversion, Systemic Risk, Financial Crises, Bank Runs

Uncertainty Aversion and Systemic Risk

CEPR Discussion Paper No. DP10510
Number of pages: 43 Posted: 01 Apr 2015
David L. Dicks and Paolo Fulghieri
Baylor University - Department of Finance, Insurance & Real Estate and University of North Carolina Kenan-Flagler Business School
Downloads 1 (636,928)
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Ambiguity Aversion, Bank Runs, Financial Crises, Systemic Risk

14.

Optimal Disclosure and Litigation Rules Around IPOs and SEOs

Number of pages: 61 Posted: 28 Nov 2017 Last Revised: 24 Jun 2018
Onur Bayar, Thomas J. Chemmanur and Paolo Fulghieri
University of Texas at San Antonio, College of Business, Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School
Downloads 104 (242,445)

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Disclosure rules, initial public offerings (IPOs), seasoned equity offerings (SEOs), disclosure regulation, private securities litigation

15.

Asymmetric Information, Security Design, and the Pecking (Dis)Order

CEPR Discussion Paper No. DP10660
Number of pages: 46 Posted: 22 Jun 2015
Paolo Fulghieri, Diego Garcia and Dirk Hackbarth
University of North Carolina Kenan-Flagler Business School, University of Colorado at Boulder - Leeds School of Business and Boston University - Department of Finance & Economics
Downloads 0 (622,270)
Citation 3
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asymmetric information, debt-equity choice, pecking order, security design

16.

Reputation, Renegotiation, and the Choice between Bank Loans and Publicly Traded Debt

REVIEW OF FINANCIAL STUDIES Volume 7, Number 3, 1994
Posted: 10 May 2000
Thomas J. Chemmanur and Paolo Fulghieri
Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School

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17.

A Theory of the Going-Public Decision

Review of Financial Studies, Vol. 12, Issue 2
Posted: 06 Dec 1998
Thomas J. Chemmanur and Paolo Fulghieri
Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School

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18.

Why Include Warrants in New Equity Issues? A Theory of Unit Ipos

J. OF FINANCIAL AND QUANTITATIVE ANALYSIS, March 1997
Posted: 17 Feb 1997
Thomas J. Chemmanur and Paolo Fulghieri
Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School

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19.

Why Include Warrants in New Equity Issues? A Theory of Unit Ipo's

Posted: 04 Jul 1995
Thomas J. Chemmanur and Paolo Fulghieri
Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School

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20.

Uncertainty and Contracting in Organizations

Number of pages: 32
David L. Dicks and Paolo Fulghieri
Baylor University - Department of Finance, Insurance & Real Estate and University of North Carolina Kenan-Flagler Business School
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Contracting, Organizations, Hierarchy, Uncertainty Aversion, Ambiguty Aversion

Other Papers (1)

Total Downloads: 45    Citations: 7
1.

Corporate Governance, Finance, and the Real Sector

Number of pages: 54 Posted: 15 Mar 2006 Last Revised: 27 Mar 2011
Paolo Fulghieri and Matti Suominen
University of North Carolina Kenan-Flagler Business School and Aalto University School of Business
Downloads 45
Citation 7

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corporate governance, corporate finance, real sector