Portrait of Professor Paolo Volpin

Professor Paolo Volpin

Professor of Finance

Bayes Business School, Faculty of Finance

Contact

Visit Paolo Volpin

Room BR5041, Bunhill Row

Postal address

Bayes Business School
106 Bunhill Row
London
EC1Y 8TZ
United Kingdom

About

Overview

Professor Paolo Volpin is a Research Fellow of the Centre for Economic Policy Research (CEPR), and a Research Associate of the European Corporate Governance Institute (ECGI). Prior to joining Bayes Business School (formerly Cass), he was an Associate Professor of Finance at the London Business School. He has published on the American Economic Review, Journal of Finance, Journal of Financial Economics, Management Science, Review of Finance, Review of Financial Studies, Journal of Economic Perspectives and other journals. His research in corporate finance, especially in the field of corporate governance, has won several awards. He holds a Ph.D. in Economics from Harvard University and a Doctorate in Political Economy from Bocconi University.

Qualifications

  • PhD, Harvard University, United States
  • Laurea, Bocconi University, Italy

Memberships of professional organisations

  • Director, European Finance Association, 2010 – 2013
  • Research Fellow, Centre for Economic Policy Research
  • Research Associate, European Corporate Governance Institute

Expertise

Primary topics

  • Corporate Finance
  • Corporate Governance

Additional topics

  • Banking
  • Mergers & Acquisitions

Research

Research topics

Labour and Finance

Political Economy of Finance

Corporate Governance

Information and Investment

Research students

1st supervisor

  • Xingchen Zhu, Research Student

2nd supervisor

  • Siyang Tian, Research Student

Publications

Chapters (4)

  1. Lambert, T. and Volpin, P. (2018). Endogenous political institutions and financial development. Handbook of Finance and Development (pp. 477–500). ISBN 978-1-78536-050-3.
  2. Pagano, M., Volpin, P. and Wagner, W. (2012). Credit Ratings Failures and Policy Options. Economic Policy 62 (pp. 401–431). John Wiley & Sons. ISBN 978-1-4051-9700-7.
  3. Rossi, S. and Volpin, P. (2007). The governance motive in cross-border mergers and acquisitions. Corporate Governance and Regulatory Impact on Mergers and Acquisitions (pp. 43–69). Elsevier.
  4. In van Frederikslust, R.A.I., Ang, J.S. and Sudarsanam, P.S. (Eds.), Corporate Governance and Corporate Finance. In Routledge.

Journal articles (21)

  1. Ortiz, M., Peter, C.D., Urzúa I, F. and Volpin, P.F. (2023). Mandatory Financial Disclosure and M&A Activity. The Review of Financial Studies, 36(12), pp. 4788–4823. doi:10.1093/rfs/hhad052.

    [publisher’s website]

  2. Keswani, A., Tran, A. and Volpin, P. (2021). Institutional Debtholder Governance. Journal of Financial and Quantitative Analysis, 56(6), pp. 2103–2135. doi:10.1017/s0022109020000630.

    [publisher’s website]

  3. Acharya, V., Gabarro, M. and Volpin, P. (2021). Competition for Managers and
    Corporate Governance.     Journal of Law, Finance, and Accounting, 6(1), pp. 179–219. doi:10.1561/108.00000053.

    [publisher’s website]

  4. Otto, C.A. and Volpin, P.F. (2018). Marking to Market and Inefficient Investment Decisions. Management Science, 64(8), pp. 3756–3771. doi:10.1287/mnsc.2016.2696.

    [publisher’s website]

  5. Dessaint, O., Golubov, A. and Volpin, P. (2017). Employment protection and takeovers. JOURNAL OF FINANCIAL ECONOMICS, 125(2), pp. 369–388. doi:10.1016/j.jfineco.2017.05.005.
  6. Acharya, V., Pagano, M. and Volpin, P. (2016). Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent. Review of Financial Studies, 29(10), pp. 2565–2599. doi:10.1093/rfs/hhw036.

    [publisher’s website]

  7. Simintzi, E., Vig, V. and Volpin, P. (2015). Labor Protection and Leverage. Review of Financial Studies, 28(2), pp. 561–591. doi:10.1093/rfs/hhu053.

    [publisher’s website]

  8. Lins, K.V., Volpin, P. and Wagner, H.F. (2013). Does Family Control Matter? International Evidence from the 2008–2009 Financial Crisis. Review of Financial Studies, 26(10), pp. 2583–2619. doi:10.1093/rfs/hht044.

    [publisher’s website]

  9. Cocco, J.F. and Volpin, P.F. (2013). Corporate Pension Plans as Takeover Deterrents. Journal of Financial and Quantitative Analysis, 48(4), pp. 1119–1144. doi:10.1017/s0022109013000355.

    [publisher’s website]

  10. Pagano, M. and Volpin, P. (2012). Securitization, transparency, and liquidity. Review of Financial Studies, 25(8), pp. 2417–2453. doi:10.1093/rfs/hhs074.
  11. Franks, J., Mayer, C., Volpin, P. and Wagner, H.F. (2012). The life cycle of family ownership: International evidence. Review of Financial Studies, 25(6), pp. 1675–1712. doi:10.1093/rfs/hhr135.
  12. Pagano, M. and Volpin, P. (2010). Credit ratings failures and policy options. Economic Policy, 25(62), pp. 401–431. doi:10.1111/j.1468-0327.2010.00245.x.
  13. Acharya, V.V. and Volpin, P.F. (2010). Corporate Governance Externalities. Review of Finance, 14(1), pp. 1–33. doi:10.1093/rof/rfp002.
  14. Enriques, L. and Volpin, P. (2007). Corporate governance reforms in Continental Europe. Journal of Economic Perspectives, 21(1), pp. 117–140. doi:10.1257/jep.21.1.117.
  15. Cocco, J.F. and Volpin, P.F. (2007). Corporate governance of pension plans: The U.K. evidence. Financial Analysts Journal, 63(1), pp. 70–83. doi:10.2469/faj.v63.n1.4409.
  16. Pagano, M.R. and Volpin, P. (2006). Alfred Marshall lecture: Shareholder protection, stock market development, and politics. Journal of the European Economic Association, 4(2-3), pp. 315–341. doi:10.1162/jeea.2006.4.2-3.315.
  17. Pagano, M. and Volpin, P.F. (2005). The Political Economy of Corporate Governance. American Economic Review, 95(4), pp. 1005–1030. doi:10.1257/0002828054825646.

    [publisher’s website]

  18. Pagano, M. and Volpin, P.F. (2005). Managers, workers, and corporate control. Journal of Finance, 60(2), pp. 841–868. doi:10.1111/j.1540-6261.2005.00748.x.
  19. Rossi, S. and Volpin, P.F. (2004). Cross-country determinants of mergers and acquisitions. Journal of Financial Economics, 74(2), pp. 277–304. doi:10.1016/j.jfineco.2003.10.001.
  20. Volpin, P.F. (2002). Governance with poor investor protection: Evidence from top executive turnover in Italy. Journal of Financial Economics, 64(1), pp. 61–90. doi:10.1016/S0304-405X(02)00071-5.
  21. Pagano, M. and Volpin, P. (2001). The political economy of finance. Oxford Review of Economic Policy, 17(4), pp. 502–519. doi:10.1093/oxrep/17.4.502.

Working paper

  1. Keswani, A., Tran, A.L. and Volpin, P.F. Institutional Debt Holdings and Governance. Elsevier BV

Education

Course Directorship

- 2014 - present, Finance Faculty, Head of Department

Professional activities

Collaboration (academic)

Editorial activity

  1. Review of Finance, Associate Editor, 2008 – present.