Belen Villalonga

New York University (NYU) - Leonard N. Stern School of Business

40 West 4th Street

Suite 9-160

New York, NY NY 10012

United States

  • New York University (NYU) - Leonard N. Stern School of Business

SCHOLARLY PAPERS

32

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Top 1,562

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779

Scholarly Papers (32)

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1.

Ownership Structure and Corporate Performance

Downloads 8,577 ( 1,548)
Citation 70

Ownership Structure and Corporate Performance

Number of pages: 37 Posted: 11 Apr 2001
Harold Demsetz and Belen Villalonga
University of California, Los Angeles (UCLA) - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 8,577 (1,536)
Citation 70

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ownership, performance

Ownership Structure and Corporate Performance

Posted: 31 Mar 2002
Harold Demsetz and Belen Villalonga
University of California, Los Angeles (UCLA) - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business

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ownership, performance

2.

How Do Family Ownership, Control, and Management Affect Firm Value?

Downloads 2,885 ( 9,554)
Citation 416

How Do Family Ownership, Control, and Management Affect Firm Value?

AFA 2005 Philadelphia Meetings, EFA 2004 Maastricht Meetings Paper No. 3620, Fifteenth Annual Utah Winter Finance Conference
Number of pages: 47 Posted: 13 Jun 2004
Belen Villalonga and Raphael ('Raffi") H. Amit
New York University (NYU) - Leonard N. Stern School of Business and The Wharton School UPENN
Downloads 2,885 (9,386)
Citation 416

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Family firms, ownership, control, management, value

How Do Family Ownership, Control and Management Affect Firm Value?

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 11 Nov 2009
Belen Villalonga and Raphael ('Raffi") H. Amit
New York University (NYU) - Leonard N. Stern School of Business and The Wharton School UPENN

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Family firms, Firm performance, Founders, Executive succession, Chief executive officers (CEOs), Valuation, Firm control, Management techniques, Shareholders, Firm ownership, Market value

3.

Research Roundtable Discussion: The Diversification Discount

Number of pages: 27 Posted: 01 May 2003
Belen Villalonga
New York University (NYU) - Leonard N. Stern School of Business
Downloads 2,466 (12,260)

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4.

Does Diversification Cause the 'Diversification Discount'?

Downloads 2,125 (15,637)
Citation 152

Does Diversification Cause the 'Diversification Discount'?

Number of pages: 42 Posted: 07 Jun 2000
Belen Villalonga
New York University (NYU) - Leonard N. Stern School of Business
Downloads 2,089 (15,754)
Citation 151

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Does Diversification Cause the 'Diversification Discount'?

Number of pages: 24 Posted: 31 May 2004
Belen Villalonga
New York University (NYU) - Leonard N. Stern School of Business
Downloads 36 (951,955)
Citation 1

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5.

Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2007–2009 Financial Crisis

Downloads 2,089 (16,060)
Citation 32

Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2007–2009 Financial Crisis

Harvard Business School Finance Working Paper No. 10-101
Number of pages: 58 Posted: 17 Mar 2010 Last Revised: 02 Dec 2010
Venkat Kuppuswamy and Belen Villalonga
Harvard University - Technology & Operations Management Unit and New York University (NYU) - Leonard N. Stern School of Business
Downloads 1,251 (34,456)
Citation 11

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Crisis, Diversification, Discount, Conglomerates, Internal capital markets

Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2008–2009 Financial Crisis

Harvard Business School Finance Working Paper No. 1569546
Number of pages: 59 Posted: 15 Mar 2010
Venkat Kuppuswamy and Belen Villalonga
Harvard University - Technology & Operations Management Unit and New York University (NYU) - Leonard N. Stern School of Business
Downloads 838 (60,807)
Citation 21

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Crisis, Diversification, discount, conglomerates, internal capital markets, coinsurance

6.

How are U.S. Family Firms Controlled?

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 131/2006
Number of pages: 73 Posted: 11 Jun 2006 Last Revised: 09 Nov 2018
Belen Villalonga and Raphael ('Raffi") H. Amit
New York University (NYU) - Leonard N. Stern School of Business and The Wharton School UPENN
Downloads 1,563 (25,225)
Citation 25

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Family firms, ownership, control, dual-class stock, corporate governance

7.

Diversification Discount or Premium? New Evidence from Bits Establishment-Level Data

Number of pages: 40 Posted: 19 Dec 2000
Belen Villalonga
New York University (NYU) - Leonard N. Stern School of Business
Downloads 1,423 (29,042)
Citation 19

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Diversification discount; Premium; Tobin's q; Sample selection

8.

Corporate Governance and Internal Capital Markets

Harvard Business School Finance Working Paper No. 1530565, AFA 2011 Denver Meetings Paper
Number of pages: 47 Posted: 03 Jan 2010 Last Revised: 07 Jun 2010
Zacharias Sautner and Belen Villalonga
University of Zurich - Department of Finance and New York University (NYU) - Leonard N. Stern School of Business
Downloads 1,153 (39,453)
Citation 7

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Corporate governance, internal capital markets, ownership, diversification

9.

Family Control of Firms and Industries

Financial Management, Forthcoming
Number of pages: 60 Posted: 25 Mar 2008 Last Revised: 21 Dec 2011
Belen Villalonga and Raphael ('Raffi") H. Amit
New York University (NYU) - Leonard N. Stern School of Business and The Wharton School UPENN
Downloads 983 (49,588)
Citation 40

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Family firms, ownership, control, dual-class stock, corporate governance

10.

The Effect of Institutional Factors on the Value of Corporate Diversification

Advances in Strategic Management, Volume 32: Finance and Strategy, August 2014
Number of pages: 43 Posted: 21 Aug 2012 Last Revised: 10 Sep 2014
Venkat Kuppuswamy, George Serafeim and Belen Villalonga
D'Amore-McKim School of Business, Northeastern University, Harvard Business School and New York University (NYU) - Leonard N. Stern School of Business
Downloads 703 (77,754)
Citation 5

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corporate diversification, industrial diversification, labor market efficiency, product market competition, competition, capital market efficiency, country competitiveness, conglomerates

11.

What Are Boards For? Evidence from Closely Held Firms in Colombia

Villalonga, B. , Trujillo, M. , Guzmán, A. and Cáceres, N. (2018), What are Boards for? Evidence from Closely Held Firms in Colombia. Financial Management. Accepted Author Manuscript. . doi:10.1111/fima.12224
Number of pages: 66 Posted: 20 Jun 2017 Last Revised: 07 Jun 2018
Belen Villalonga, Maria-Andrea Trujillo, Alexander Guzmán and Neila Caceres
New York University (NYU) - Leonard N. Stern School of Business, CESA School of Business, CESA School of Business and Superintendencia de Sociedades
Downloads 444 (137,792)
Citation 2

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Boards, Closely Held Firms, Family Firms, Corporate Governance, Agency Theory

12.

The Role of Institutional Development in the Prevalence and Value of Family Firms

Finance and Corporate Governance Conference 2010 Paper, Harvard Business School Finance Working Paper No. 1507823
Number of pages: 59 Posted: 17 Nov 2009 Last Revised: 21 Dec 2011
Raphael ('Raffi") H. Amit, Yuan Ding, Belen Villalonga and Zhang Hua
The Wharton School UPENN, China Europe International Business School (CEIBS), New York University (NYU) - Leonard N. Stern School of Business and China Europe International Business School (CEIBS)
Downloads 435 (141,057)
Citation 3

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Family firms, Ownership, Control, Management, Value, Institutional development, China

13.

Explaining Supplier Behavior on Global Account Management

Harvard NOM Working Paper No. 02-41; Stanford Research Paper No. 1767
Number of pages: 41 Posted: 07 Dec 2002
David B. Montgomery, George S. Yip and Belen Villalonga
Stanford Graduate School of Business, Imperial College London and New York University (NYU) - Leonard N. Stern School of Business
Downloads 414 (149,413)
Citation 2

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14.

Family Firms and the Stock Market Performance of Acquisitions and Divestitures

Number of pages: 40 Posted: 03 Jan 2019
Raphael ('Raffi") H. Amit, Emilie Feldman and Belen Villalonga
The Wharton School UPENN, University of Pennsylvania - The Wharton School and New York University (NYU) - Leonard N. Stern School of Business
Downloads 265 (241,594)
Citation 4

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acquisitions, divestitures, corporate strategy, shareholder returns, family firms

15.

Corporate Ownership and ESG Performance

Journal of Corporate Finance, volume 91, 2025[10.1016/j.jcorpfin.2024.102732]
Number of pages: 77 Posted: 08 Nov 2024 Last Revised: 21 Feb 2025
Peter Tufano, Belen Villalonga and Boya Wang
Harvard Business School, New York University (NYU) - Leonard N. Stern School of Business and University of Cambridge
Downloads 247 (259,358)
Citation 1

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Ownership, ESG, corporate governance, family firms, management control

16.

Governance of Family Firms

Annual Review of Financial Economics, Vol. 7, pp. 635-654, 2015
Posted: 11 Dec 2015
Belen Villalonga, Raphael ('Raffi") H. Amit, Maria-Andrea Trujillo and Alexander Guzmán
New York University (NYU) - Leonard N. Stern School of Business, The Wharton School UPENN, CESA School of Business and CESA School of Business

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17.

Acciona and the Battle for Control of Endesa

HBS Case No. 210-029, Harvard Business School Finance Unit
Posted: 21 Mar 2010
Belen Villalonga and Rachelle Silverberg
New York University (NYU) - Leonard N. Stern School of Business and affiliation not provided to SSRN

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18.

How are U.S. Family Firms Controlled?

The Review of Financial Studies, Vol. 22, Issue 8, pp. 3047-3091, 2009
Posted: 05 Aug 2009
Belen Villalonga and Raphael ('Raffi") H. Amit
New York University (NYU) - Leonard N. Stern School of Business and The Wharton School UPENN

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G3, G32

19.

Note on Valuing Control and Liquidity in Family and Closely Held Firms

HBS Case No. 209-104, Harvard Business School Finance Unit
Posted: 21 May 2009
Belen Villalonga
New York University (NYU) - Leonard N. Stern School of Business

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20.

Note on Sum-of-The-Parts Valuation

HBS Note No. 209-105, Harvard Business School Finance Unit
Posted: 20 May 2009
Belen Villalonga
New York University (NYU) - Leonard N. Stern School of Business

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21.

Note on Measuring Controlling Shareholders' Ownership, Voting, and Control Rights

HBS Note No. 209-109, Harvard Business School Finance Unit
Posted: 20 May 2009
Belen Villalonga
New York University (NYU) - Leonard N. Stern School of Business

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22.

Financial Management of Family and Closely Held Firms: Overview of the Course, Course Overview

HBS Course Overview No. 209-137, Harvard Business School Finance Unit
Posted: 20 May 2009
Belen Villalonga
New York University (NYU) - Leonard N. Stern School of Business

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23.

The Pitcairn Family Heritage Fund

HBS Publishing Case No.: 208-073; Courseware No.: 208-720; Teaching Note No.: 209-018
Posted: 21 Oct 2008
Belen Villalonga
New York University (NYU) - Leonard N. Stern School of Business

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Family firms, family office, mutual fund performance, dual-class stock

24.

The New York Times Co.

HBS Publishing Case No.: 207-113; Teaching Note No.: 209-017
Posted: 21 Oct 2008
Belen Villalonga and Christopher Hartman
New York University (NYU) - Leonard N. Stern School of Business and Harvard University - Business School (HBS)

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Family firms, dual-class stock, board of directors, activist investors

25.

Spyder Active Sports - 2004

HBS Publishing Case No.: 205-125 Courseware No.: 207-701 Teaching Note No.: 207-036
Posted: 12 Nov 2007 Last Revised: 27 Nov 2007
Belen Villalonga, Dwight B. Crane and James Quinn
New York University (NYU) - Leonard N. Stern School of Business, Harvard Business School - Finance Unit and Harvard University - Business School (HBS)

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Family business, private equity, valuation, growth capital

26.

SUN Brewing (A)

HBS Publishing Case No.: 207-022 Courseware No.: 207-703 Teaching Note No.: 208-074
Posted: 12 Nov 2007 Last Revised: 21 Dec 2011
Belen Villalonga and Raphael ('Raffi") H. Amit
New York University (NYU) - Leonard N. Stern School of Business and The Wharton School UPENN

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Family business, financing, growth, entrepreneurial finance, emerging markets

27.

SUN Brewing (B)

HBS Publishing Case No.: 207-039 Courseware No.: 207-704 Teaching Note No.: 208-075
Posted: 12 Nov 2007 Last Revised: 21 Dec 2011
Belen Villalonga and Raphael ('Raffi") H. Amit
New York University (NYU) - Leonard N. Stern School of Business and The Wharton School UPENN

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Family business, dual-class stock, voting premium, valuation, joint ventures, acquisitions, emerging markets

28.

Ayala Corporation

HBS Publishing Case No. 207-041; Courseware No.: 207-705; Teaching Note No.: 207-042
Posted: 12 Nov 2007 Last Revised: 21 Dec 2011
Belen Villalonga, Raphael ('Raffi") H. Amit and Christopher Hartman
New York University (NYU) - Leonard N. Stern School of Business, The Wharton School UPENN and Harvard University - Business School (HBS)

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Family firms, business groups, diversification discount, conglomerate discount, valuation, emerging markets

29.

Medco Energi Internasional

HBS Publishing Case No.: 207-021; Courseware No.: 207-702; Teaching Note No.: 208-076
Posted: 12 Nov 2007 Last Revised: 21 Dec 2011
Belen Villalonga, Raphael ('Raffi") H. Amit and Christopher Hartman
New York University (NYU) - Leonard N. Stern School of Business, The Wharton School UPENN and Harvard University - Business School (HBS)

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Family firms, corporate control, LBO, emerging markets

30.

Antitrust Regulations in a Global Setting: The EU Investigation of the Ge/Honeywell Merger

HBS Publishing Case No.: 9-204-081; Teaching Note No.: 5-205-094
Posted: 30 Sep 2005
Mihir A. Desai, Mark F. Veblen and Belen Villalonga
Harvard Business School - Finance Unit, affiliation not provided to SSRN and New York University (NYU) - Leonard N. Stern School of Business

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31.

Kohler Co.

HBS Publishing Case No.: 205-034; Courseware No.: 205-707; Teaching Note No.: 205-093
Posted: 09 May 2005
Belen Villalonga and Raphael ('Raffi") H. Amit
New York University (NYU) - Leonard N. Stern School of Business and The Wharton School UPENN

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32.

Privatization and Efficiency: Differentiating Ownership Effects from Political, Organizational, and Dynamic Effects

Posted: 22 Dec 2000
Belen Villalonga
New York University (NYU) - Leonard N. Stern School of Business

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Privatization; Efficiency; Organizational; Change; Panel data