Mara Faccio

Associate Professor of Finance

341 Owen Graduate School of Management
Vanderbilt University

401 21st Avenue South

Nashville, TN 37203
Tel : (615) 322-4075

  Fax : (615) 343-7177
E-mail: mara.faccio@owen.vanderbilt.edu

Articles:

*      “Political connections and corporate bailouts” (with John J. McConnell and Ronald W. Masulis), Journal of Finance, vol. 61(6), December 2006, 2597-2635.

- New: Feature story on the FMRC web page.

*     “Expropriation vs. proportional sharing in corporate acquisitions” (with David Stolin), Journal of Business, vol. 79(3), May 2006, 1413-1444.

*     “Politically connected firms”, American Economic Review, vol. 96(1), March 2006, 369-386.

- Old version with firm-level results; Appendix A; Regulation on conflicts of interest

- The data used in this paper are available on the AER web site!

- Was a feature story in The Economist (November 1, 2003), The Nation (November 3, 2003; November 26, 2003; June 27, 2004), the Business Times (November 3, 2003), Deutsche Presse-Agentur (November 4, 2003), Reuters News (November 4, 2003), Revista da Imprensa Economica (November 6, 2003), the Bangkok Post (November 30, 2003; December 7, 2003), Világgazdaság (February 10, 2004), and the New York Times (April 23, 2006).

*      “Returns to acquirers of listed and unlisted targets” (with John J. McConnell and David Stolin), Journal of Financial and Quantitative Analysis, vol. 41(1), March 2006, 197-220.

*      “The choice of payment method in European mergers and acquisitions” (with Ronald W. Masulis), Journal of Finance, vol. 60(3), June 2005, 1345-1388.

*      “The ultimate ownership of western European corporations” (with Larry H. P. Lang), Journal of Financial Economics, vol. 65(3), September 2002, 365-395.

- The data used in this paper are available on the JFE web site!

- Was a feature story in Institutional Investor (January 14, 2005).

- Reprinted in Corporate Governance in the New Global Economy, Kevin Keasey, Steve Thompson and Mike Wright (eds), Edward Elgar Publishing, forthcoming; and Governance: An International Perspective, Diane Denis and John McConnell (eds), Edward Elgar Publishing, 2005.

*      “Dividends and expropriation” (with Larry H. P. Lang and Leslie Young), American Economic Review, vol. 91(1), March 2001, 54-78.

- Was a feature story in the South China Morning Post (September 20, 2000; September 21, 2000; September 22, 2000), International Herald Tribune (November 30, 2000), Handelsblatt (January 22, 2001), The Edge (December 25, 2000), and Today’s Manager Magazine (June-July 2002).

- Reprinted in Governance and Expropriation, Larry Lang (ed), Edward Elgar Publishing, 2005.

*      “Do occupational pension funds monitor companies in which they hold large stakes?” (with Ameziane M. Lasfer), Journal of Corporate Finance, vol. 6(1), March 2000, 71-110.

- Was a feature story in the Financial Times Business Limited (May 13, 2002).

- Reprinted in Corporate Governance in the New Global Economy, Kevin Keasey, Steve Thompson and Mike Wright (eds), Edward Elgar Publishing, forthcoming; and Governance and Ownership, Robert Watson (ed.), Edward Elgar Publishing, 2005.

Book Chapters and Professional Publications:

*       “Institutional shareholders and corporate governance: The case of UK pension funds” (with Ameziane M. Lasfer), in: Joseph A. McCahery, Piet Moerland, Theo Raaijmakers and Luc Renneboog (eds.), “Convergence and diversity in corporate governance regimes and capital markets”, Oxford University Press, 2002, 603-622.

*     “Pension fund investments and corporate monitoring” (with Ameziane M. Lasfer), Professional Investor, vol. 10(2), May 2000, 23-26.

Working Papers:

New! “Government control of privatized firms” (with Bernardo Bortolotti), May 2007.

- Was a feature story in Il Sole 24 Ore (May 19, 2004; July 17, 2004), Milano Finanza (September 11, 2004), Italia Oggi (September 15, 2004), and Business Line (The Hindu) (October 10, 2006).

New! “Sudden deaths: Taking stock of geographic ties” (with David C. Parsley), February 2007.  

New! "The quality of accounting information in politically connected firms" (with Paul K. Chaney and David C. Parsley), February 2007.

*      “The characteristics of politically connected firms,” October 2006.

*      “Corporate response to distress: Evidence from the Asian financial crisis” (with Rajdeep Sengupta), July 2006.

*      “Debt and expropriation” (with Larry H. P. Lang and Leslie Young), July 2005.

Resume: Full text vita in pdf format

Useful Links:

Seminars at Owen: Fall 2006 Spring 2007

Ownership data on-line:

Privatization data:

Journals, working papers, etc:

For PhD students: Click here for some (very) useful information on how to papers!

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Last Revised: 05/17/07.