Chronological List of Published Academic Research

2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2004 | 2003 | 2002 | 2001 | 2000
1998 | 1997 | 1996 | 1995 | 1994

Forthcoming

"Economic Experts vs. Average Americans," with Paola Sapienza.

2011

"Trust and Finance," with Paola Sapienza, NBER Reporter, 2011(2), pp. 16-19.

2010

"Who Blows the Whistle on Corporate Fraud," with Alexander Dyck and A. Morse, Journal of Finance, Vol. 65: 2213–2253.
Paulson's Gift," with P. Veronesi, Journal of Financial Economics, September 2010, vol. 97, issue 3: 339-368.
"Time Discounting for Primary and Monetary Rewards," with E. Reuben and Paola Sapienza, Economic Letters, February 2010, Vol. 106, Issue 2: 125-127.

2009

"A Loan Modification Approach to the Housing Crisis," with Eric A. Posner, December 4, 2009.
"Gender Differences in Financial Risk Aversion and Career Choices are Affected by Testosterone," with D. Maestripieri, and Paola Sapienza, Proceedings of the National Academy of Sciences, September 2009, Vol. 106 no. 36: 15268-15273.
"Cultural Biases in Economic Exchange?," with Luigi Guiso and Paola Sapienza, Quarterly Journal of Economics, August 2009, Vol. 124, No. 3: 1095-1131.
"Are Elite Universities Losing Their Competitive Edge?," with E.H. Kim and A. Morse,Journal of Financial Economics, 2009, vol. 93, issue 3: 353-381.
"The Future of Securities Regulation," Journal of Accounting Research, May 2009, Vol. 47 (2): 391-426.
"Is Mistrust Self-Fulfilling?," with E. Reuben and Paola Sapienza, Economic Letters, 2009, 104 2: 89-91
"Yes we can, Secretary Geithner," Economists' Voice, February 2009, Vol. 6 : Iss. 2, Article 3.

2008

"Plan B," Economists' Voice," October 2008, Vol. 5 : Iss. 6, Article 4.
"Why Paulson is Wrong," Economists' Voice, September 2008, Vol. 5: Iss. 5, Article 2.
"The Corporate Governance Role of the Media: Evidence from Russia," with Alexander Dyck and N. Volchkova, Journal of Finance, June 2008, vol. 63 (3): 1093-1135.
"Social Capital as Good Culture," with Luigi Guiso and Paola Sapienza, Journal of the European Economic Association, April-May 2008, Vol. 6, No. 2-3: 295-320.
"Culture, Gender, and Math," with Luigi Guiso, F. Monte and Paola Sapienza, Science, 30 May 2008, Vol 320.
"Trusting the Stock Market," with Luigi Guiso and Paola Sapienza, Journal of Finance, January 2008, Volume 63: Issue 6: 2557 - 2600.

2007

Theft and Taxes," with M. Desai, and Alexander Dyck, Journal of Financial Economics, June 2007, Vol. 84 (3): 591-623.

2006

"Does Culture Affect Economic Outcomes?," with Luigi Guiso and Paola Sapienza, Journal of Economic Perspectives, 2006, 20: 23-48.

2004

"Private Benefits of Control: An International Comparison," with Alexander Dyck, Journal of Finance, April 2004, Vol. 59, No. 2.
"Control Premiums and the Effectiveness of Corporate Governance Systems," with A.Dyck, Journal of Applied Corporate Finance, Spring/Summer 2004: 51-72.
"The Role of Social Capital in Financial Development," with Luigi Guiso and Paola Sapienza, American Economic Review, 2004, Vol. 94: 526-556.
"Does Local Financial Development Matter?," with Luigi Guiso and Paola Sapienza, Quarterly Journal of Economics, 2004, Vol.119.
"Bureaucracy as a Mechanism to Generate Information," with W.Novaes, Rand Journal of Economics, 2004, Vol. 35 (2) : 245-59.

2003

"People's Opium? Religion and Economic Attitudes," with Luigi Guiso and Paola Sapienza, Journal of Monetary Economics, 2003, Vol. 50:225-282.
Saving Capitalism from the Capitalists," with Raghuram G. Rajan, Random House, New York 2003.
"The Great Reversals: the Politics of Financial Development in the Twentieth Century," with Raghuram G. Rajan, Journal of Financial Economics, July 2003, Vol. 69 Issue 1, 5-50.
"Banks and Markets: The Changing Character of European Finance," with Raghuram G. Rajan, European Central Bank 2nd Annual Conference, 2003.
"Commentary on More Finance More Growth," The Federal Reserve of St. Louis Review, July/August 2003.

2002

"The Bubble and the Media," with Alexander Dyck, in Cornelius, Peter and Kogut, Bruce (eds.) Corporate Governance and Capital Flows in a Global Economy, New York, Oxford University Press, November, 2002.
"The Corporate Governance Role of the Media," with Alexander Dyck, in R. Islam ed. The right to tell: The role of the Media in Development, The World Bank, Washington DC, 2002.

2001

"The Firm as a Dedicated Hierarchy: A Theory of the Origins and Growth of Firms," with Raghuram G. Rajan, Quarterly Journal of Economics, 2001, Vol. 116: 805-852.
"Financial Systems, Industrial Structure, and Growth," with Raghuram G. Rajan, Oxford Review of Economic Policy, 2001, Vol.17: 467-482.
"The Influence of the Financial Revolution on the Nature of Firms," with Raghuram G. Rajan, American Economic Review, 2001, Vol. 91: 206-212.

2000

"The Governance of the New Enterprise," with Raghuram G. Rajan, in Corporate Governance X. Vives ed., p. 201-227, Cambridge University Press, 2000.
"Ownership Structures and the Decision to Go Public: Private versus Social Optimality,"" with L. Bebchuk, in Concentrated Corporate Ownership, Randall K. Morck ed., University of Chicago Press, 2000.
"The Eclipse of the U.S. Tire Industry," with Raghuram G. Rajan and P. Volpin, in Mergers and Productivity, Steve N. Kaplan ed., University of Chicago Press, 2000.
"Investment-cash Flow Sensitivities are not Valid Measures of Financing Constraints," with Steven N. Kaplan, Quarterly Journal of Economics, 2000, Vol. 115, issue 2: 707-712 .
"The Tyranny of Inequality: An Inquiry into the Adverse Consequences of Power Struggles," with Raghuram G. Rajan, Journal of Public Economics, 2000, Vol. 76: 521-558.
"In Search of New Foundations," Journal of Finance, 2000, Vol. 55: 1623- 1653.
"The Cost of Diversity: Diversification Discount and Inefficient Investment," with Raghuram G. Rajan and H. Servaes, Journal of Finance, 2000, Vol. 55: 35-80.

1998

"Corporate Governance," The New Palgrave Dictionary of Economics and the Law," P. Newman ed, Macmillan, New York, NY, 1998.
"Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry," Journal of Finance, June 1998, Vol. 53, issue 3: 905-938.
"Power in a Theory of the Firm," with Raghuram G. Rajan, Quarterly Journal of Economics, 1998, Vol. 113: 387-432.
"Debt, Folklore, and Financial Structure," with Raghuram G. Rajan, Journal of Applied Corporate Finance, Winter 1998, Vol 10, no 4:102-108.
"Which Capitalism? Lessons from the East Asian Crisis," with Raghuram G. Rajan, Journal of Applied Corporate Finance, Fall 1998, Vol 11, no 3, 40-48.
Why Do Companies Go Public? An Empirical Analysis," with M. Pagano and F. Panetta, Journal of Finance, 1998, Vol. 53: 27-64.
"Financial Dependence and Growth," with Raghuram G. Rajan, American Economic Review, 1998, Vol. 88: 559-586.

1997

"Do Investment-Cashflow Sensitivities Provide Useful Measures of Financing Constraints?," with S. Kaplan, Quarterly Journal of Economics, 1997, Vol.112: 169-215.

1996

"The Stock Market as a Source of Capital: Some Lessons from Initial Public Offerings in Italy," with M. Pagano and F. Panetta, European Economic Review, 1996, Vol. 40: 1057-1069.

1995

"What Determines the Value of Corporate Votes?," Quarterly Journal of Economics, 1995, Vol. 110: 1047-1073.
"Capital Structure Choice when Managers are in Control: Entrenchment versus Efficiency," with Walter Novaes, NBER Working Paper, November 1995.
"What Do We Know about Capital Structure? Some Evidence From International Data," with Raghuram G. Rajan, Journal of Finance, 1995, Vol. 50: 1421-1460.
"Insider Ownership and the Decision to Go Public," The Review of Economic Studies, 1995, 62 (3):. 425-48.

1994

"The Value of the Voting Right: A Study of the Milan Stock Exchange Experience," Review of Financial Studies," 1994, 7 (1): 125-48.

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