Mara Faccio

Forthcoming Publications

• Faccio, M., and Xu, J. (2017). Taxes, capital structure choices, and equity value. Journal of Financial and Quantitative Analysis,

Journal Articles

• Faccio, M. & Hsu, H.C. (2017). Politically connected private equity and employment. Journal of Finance, vol. 72 (2), 539-573.
• Aggarwal, R., Faccio, M., Guedhami, O., & Kwok, C.Y. (2016). Culture and Finance: An Introduction. Journal of Corporate Finance, vol. 41 466-474.
• Faccio, M. (2016). “Discussion of ‘Corporate Political Connections and Tax Aggressiveness’ ”. Contemporary Accounting Research, vol. 33(1) 115-120.
• Faccio, M., M.T. Marchica and R. Mura (2016). CEO gender, corporate risk-taking, and the efficiency of capital allocation. Journal of Corporate Finance, vol. 39 193-209.
• Faccio, M. & Xu. J. (2015). Taxes and capital structure. Journal of Financial and Quantitative Analysis, vol. 50 (3), 277-300.
• Caprio, L., Faccio, M., & McConnell, J.J. (2013). Sheltering corporate assets from political extraction. The Journal of Law, Economics, and Organization, (29), 332-354.
• Chaney, P.K., Faccio, M., & Parsley, D.C. (2011). The quality of accounting information in politically connected firms. Journal of Accounting and Economics, vol. 51 (1), 58-76.
• Faccio, M., Marchica, M. & Mura, R (2011). Large shareholder diversification and corporate risk-taking. Review of Financial Studies, (24), 3601-3641. | Download |
• Sengupta, R. & Faccio, M. (2011). Corporate response to distress: Evidence from the Asian financial crisis. Federal Reserve Bank of St. Louis Review, vol. 93 (2), 127-154.
• Faccio, M. (2010). Differences between politically connected and non-connected firms: A cross country analysis. Financial Management, vol. 39 (3), 905-927.
• Faccio, M., Lang, L. H. P. and Young, L. (2010). Pyramiding versus leverage in corporate groups: International evidence. Journal of International Business Studies, vol. 41 88-104.
• Faccio, M. & Parsley, D.C. (2009). Sudden Deaths: Taking Stock of Geographic Ties. Journal of Financial and Quantitative Analysis, vol. 33 (3), 683-718.
• Bortolotti, B. & Faccio, M. (2009). Government Control of Privatized Firms. Review of Financial Studies, vol. 22 (8), 2907-2939. | Download |
• Faccio, Mara, (with Ronald W. Masulis, and John J. McConnell) (2006). Political Connections and Corporate Bailouts. Journal of Finance, vol. 61(6) 2597-2635.
• Faccio, Mara (with John J. McConnell, and David Stolin) (2006). Returns to Acquirers of Listed and Unlisted Targets. Journal of Financial and Quantitative Analysis, vol. 41(1) 197-220.
• Faccio, Mara (2006). Politically Connected Firms. American Economic Review, vol. 96(1) 369-386.
• Faccio, Mara, (with David Stolin) (2006). Expropriation vs. Proportional Sharing in Corporate Acquisitions. Journal of Business, vol. 79(3) 1413-1444.
• Faccio, Mara (with Ronald W. Masulis) (2005). The Choice of Payment Method in European Mergers and Acquisitions. Journal of Finance, vol. 60(3) 1345-1388.
• Faccio, Mara, (with Larry H. P. Lang) (2002). The Ultimate Ownership of Western European Corporations. Journal of Financial Economics, vol. 65(3) 365-395.
• Faccio, Mara (with Larry H. P. Lang, and Leslie Young) (2001). Dividends and Expropriation. American Economic Review, vol. 91(1) 54-78.
• Faccio, Mara, (with M. Ameziane Lasfer) (2000). Pension Fund Investments and Corporate Monitoring. Professional Investor, vol. 10(2) 23-26.
• Faccio, Mara, (with M. Ameziane Lasfer) (2000). Do Occupational Pension Funds Monitor Companies in which They Hold Large Stakes?. Journal of Corporate Finance, vol. 6(1) 71-110.

Book Chapters

• Faccio, Mara, (with M. Ameziane Lasfer) (2002). Institutional Shareholders and Corporate Governance: The Case of UK pension Funds with M. Ameziane Lasfer). Oxford University Press, 603-622.

Working Papers

• Faccio, M. & Zingales, L. (2017). Political determinants of competition in the mobile telecommunication industry. NBER Working Paper # 23041.
• Faccio, M. & O’Brien, W. Business groups and employment.

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  The Pokémon Paradox: Krannert researchers examine costs and benefits of popular game

  When the augmented reality (AR) game Pokémon Go made its debut in 2016, it quickly became the most popular mobile game in U.S. history with more than 20 million active users daily. It’s now at the top of the menu in an industry that generates more than $1 billion in annual revenues. According to a pair of working papers from Purdue University’s Krannert School of Management, tech companies aren’t the only businesses getting a taste of the profits. But how does that balance with the economic costs of playing the game while driving, which include an increased number of vehicular accidents, injuries and even death?

  Full story: The Pokémon Paradox: Krannert researchers examine costs and benefits of popular game

• Professor Mara Faccio elected to the board of the American Finance Association
  Krannert finance professor Mara Faccio, Purdue’s Hanna Chair in Entrepreneurship, has been elected to the Board of Directors of the American Finance Association (AFA), the premier academic organization devoted to the study and promotion of knowledge about financial economics.