Search Results - "ZINGALES, LUIGI"

The Future of Securities Regulation by ZINGALES, LUIGI

“…The U.S. system of securities law was designed more than 70 years ago to regain investors' trust after a major financial crisis. Today we face a similar…”
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How stereotypes impair women's careers in science by Reuben, Ernesto, Sapienza, Paola, Zingales, Luigi

“…Women outnumber men in undergraduate enrollments, but they are much less likely than men to major in mathematics or science or to choose a profession in these…”
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Who Blows the Whistle on Corporate Fraud? by DYCK, ALEXANDER, MORSE, ADAIR, ZINGALES, LUIGI

“…To identify the most effective mechanisms for detecting corporate fraud, we study all reported fraud cases in large U.S. companies between 1996 and 2004. We…”
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Innovation and Institutional Ownership by Aghion, Philippe, Van Reenen, John, Zingales, Luigi

“…We find that greater institutional ownership is associated with more innovation. To explore the mechanism, we contrast the "lazy manager" hypothesis with a…”
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Trusting the Stock Market by GUISO, LUIGI, SAPIENZA, PAOLA, ZINGALES, LUIGI

“…We study the effect that a general lack of trust can have on stock market participation. In deciding whether to buy stocks, investors factor in the risk of…”
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Gender differences in financial risk aversion and career choices are affected by testosterone by Sapienza, Paola, Zingales, Luigi, Maestripieri, Dario

“…Women are generally more risk averse than men. We investigated whether between- and within-gender variation in financial risk aversion was accounted for by…”
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Does Culture Affect Economic Outcomes? by Guiso, Luigi, Sapienza, Paola, Zingales, Luigi

“…Until recently, economists have been reluctant to rely on culture as a possible determinant of economic phenomena. Much of this reluctance stems from the very…”
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In Search of New Foundations by Zingales, Luigi

“…In this paper I argue that corporate finance theory, empirical research, practical applications, and policy recommendations are deeply rooted in an underlying…”
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A Trust Crisis by Sapienza, Paola, Zingales, Luigi

“…We conjecture that the changes in economic activity from late 2008 to early 2009 is due to a drop in trust. We present new survey evidence consistent with this…”
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Private Benefits of Control: An International Comparison by Dyck, Alexander, Zingales, Luigi

“…We estimate private benefits of control in 39 countries using 393 controlling blocks sales. On average the value of control is 14 percent, but in some…”
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The Role of Social Capital in Financial Development by Guiso, Luigi, Sapienza, Paola, Zingales, Luigi

“…To identify the effect of social capital on financial development, we exploit social capital differences within Italy. In high-social-capital areas, households…”
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The great reversals: the politics of financial development in the twentieth century by Rajan, Raghuram G, Zingales, Luigi

“…The state of development of the financial sector does not change monotonically over time. In particular, by most measures, countries were more financially…”
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Towards a Political Theory of the Firm by Zingales, Luigi

“…The revenues of large companies often rival those of national governments, and some companies have annual revenues higher than many national governments. Among…”
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Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry by Zingales, Luigi

“…This paper studies the impact that capital market imperfections have on the natural selection of the most efficient firms by estimating the effect of the…”
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Presidential Address: Does Finance Benefit Society? by ZINGALES, LUIGI

“…Academics' view of the benefits of finance vastly exceeds societal perception. This dissonance is at least partly explained by an underappreciation by academia…”
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What Do We Know about Capital Structure? Some Evidence from International Data by RAJAN, RAGHURAM G., ZINGALES, LUIGI

“…We investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries. At an…”
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The Cost of Diversity: The Diversification Discount and Inefficient Investment by Rajan, Raghuram, Servaes, Henri, Zingales, Luigi

“…We model the distortions that internal power struggles can generate in the allocation of resources between divisions of a diversified firm. The model predicts…”
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Why Do Companies Go Public? An Empirical Analysis by Pagano, Marco, Panetta, Fabio, Zingales, And Luigi

“…Using a large database of private firms in Italy, we analyze the determinants of initial public offerings (IPOs) by comparing the ex ante and ex post…”
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Time discounting for primary and monetary rewards by Reuben, Ernesto, Sapienza, Paola, Zingales, Luigi

“…This paper reports a positive and statistically significant relation between short-term discount rates elicited with a monetary and a primary reward…”
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Insider Ownership and the Decision to Go Public by Zingales, Luigi

“…This paper focuses on the role of an initial public offering (IPO) in maximizing the proceeds an initial owner obtains in selling his company. In deciding…”
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