Selected Bibliography for Luigi Zingales

Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance

Published Works

"How Pervasive Is Corporate Fraud?" Alexander Dyck, Adair Morse and Luigi Zingales; Review of Accounting Studies, 2023.

"Exit Versus Voice." Eleonora Broccardo, Oliver Hart and Luigi Zingales; Journal of Political Economy, 2022, 130(12), pp. 3101-45.

"Political Determinants of Competition in the Mobile Telecommunication Industry." Mara Faccio and Luigi Zingales; The Review of Financial Studies, 2022, 35(4), pp. 1983-2018.

"Civic Capital and Social Distancing During the Covid-19 Pandemic☆." John M. Barrios, Efraim Benmelech, Yael V. Hochberg, Paola Sapienza and Luigi Zingales; Journal of Public Economics, 2021, 193, pp. 104310.

"Time Varying Risk Aversion." Luigi Guiso, Paola Sapienza and Luigi Zingales; Journal of Financial Economics, 2018, 128(3), pp. 403-21.

"Corporate Finance." Robert Vishny and Luigi Zingales; Journal of Political Economy, 2017, 125(6), pp. 1805-12.

"Towards a Political Theory of the Firm." Luigi Zingales; Journal of Economic Perspectives, 2017, 31(3), pp. 113-30.

"Companies Should Maximize Shareholder Welfare Not Market Value." Oliver Hart and Luigi Zingales; Journal of Law, Finance, and Accounting, 2017, 2(2), pp. 247-75.

"Long-Term Persistence." Luigi Guiso, Paola Sapienza and Luigi Zingales; Journal of the European Economic Association, 2016, 14(6), pp. 1401-36.

"Monnet’s Error?" Luigi Guiso, Paola Sapienza and Luigi Zingales; Economic Policy, 2016, 31(86), pp. 247-97.

"Procrastination and Impatience." Ernesto Reuben, Paola Sapienza and Luigi Zingales; Journal of Behavioral and Experimental Economics, 2015, 58, pp. 63-76.

"Presidential Address: Does Finance Benefit Society?" Luigi Zingales; The Journal of Finance, 2015, 70(4), pp. 1327-63.

"The “Cultural Revolution” in Finance." Luigi Zingales; Journal of Financial Economics, 2015, 117(1), pp. 1-4.

"Liquidity and Inefficient Investment." Oliver Hart and Luigi Zingales; Journal of the European Economic Association, 2015, 13(5), pp. 737-69.

"The Value of Corporate Culture." Luigi Guiso, Paola Sapienza and Luigi Zingales; Journal of Financial Economics, 2015, 117(1), pp. 60-76.

"Corporate Culture, Societal Culture, and Institutions." Luigi Guiso, Paola Sapienza and Luigi Zingales; American Economic Review, 2015, 105(5), pp. 336-39.

"Morningness–Eveningness and Intelligence among High-Achieving US Students: Night Owls Have Higher GMAT Scores Than Early Morning Types in a Top-Ranked MBA Program." Davide Piffer, Davide Ponzi, Paola Sapienza, Luigi Zingales and Dario Maestripieri; Intelligence, 2014, 47, pp. 107-12.

"How Stereotypes Impair Women’s Careers in Science." Ernesto Reuben, Paola Sapienza and Luigi Zingales; Proceedings of the National Academy of Sciences, 2014, 111(12), pp. 4403-08.

"Preventing Economists’ Capture," Daniel Carpenter, David A. Moss and Luigi Zingales, in Preventing Regulatory Capture: Special Interest Influence and How to Limit It. Cambridge: Cambridge University Press, 2013, pp. 124-51.

"Understanding Trust." Paola Sapienza, Anna Toldra-Simats and Luigi Zingales; Economic Journal, 2013, 123(573), pp. 1313-32.

"The Determinants of Attitudes toward Strategic Default on Mortgages." Luigi Guiso, Paola Sapienza and Luigi Zingales; Journal of Finance, 2013, 68(4), pp. 1473-515.

"Media Versus Special Interests." Alexander Dyck, David Moss and Luigi Zingales; Journal of Law and Economics, 2013, 56(3), pp. 521-53.

"Innovation and Institutional Ownership." Philippe Aghion, John Van Reenen and Luigi Zingales; American Economic Review, 2013, 103(1), pp. 277-304.

"Economic Experts Versus Average Americans." Paola Sapienza and Luigi Zingales; American Economic Review, 2013, 103(3), pp. 636-42.

"The Emergence of Male Leadership in Competitive Environments." Ernesto Reuben, Pedro Rey-Biel, Paola Sapienza and Luigi Zingales; Journal of Economic Behavior and Organization, 2012, 83(1), pp. 111-17.

A Capitalism for the People : Recapturing the Lost Genius of American Prosperity Luigi Zingales; New York: Basic Books, 2012.

"A Trust Crisis." Paola Sapienza and Luigi Zingales; International Review of Finance, 2012, 12(2), pp. 123-31.

"The Role of Trust in the 2008 Financial Crisis." Luigi Zingales; Review of Austrian Economics, 2011, 24(3), pp. 235-49.

"A New Capital Regulation for Large Financial Institutions." Oliver Hart and Luigi Zingales; American Law and Economics Review, 2011, 13(2), pp. 453-90.

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

"Learning to Live with Not-So-Efficient Markets." Luigi Zingales; Daedalus, 2010, 139(4), pp. 31-40.

"Who Blows the Whistle on Corporate Fraud?" Alexander Dyck, Adair Morse and Luigi Zingales; The Journal of Finance, 2010, 65(6), pp. 2213-53.

"A Market-Based Regulatory Policy to Avoid Financial Crises." Luigi Zingales; Cato Journal, 2010, 30(3), pp. 535.

"Paulson's Gift." Pietro Veronesi and Luigi Zingales; Journal of Financial Economics, 2010, 97(3), pp. 339-68.

"Comment on 'the Financial Crisis: An inside View'." Luigi Zingales; Brookings Papers on Economic Activity, 2009, (1), pp. 68-74.

"Cultural Biases in Economic Exchange?*." Luigi Guiso, Paola Sapienza and Luigi Zingales; Quarterly Journal of Economics, 2009, 124(3), pp. 1095-131.

"Are Elite Universities Losing Their Competitive Edge?" E. Han Kim, Adair Morse and Luigi Zingales; Journal of Financial Economics, 2009, 93(3), pp. 353-81.

"The Future of Securities Regulation." Luigi Zingales; Journal of Accounting Research, 2009, 47(2), pp. 391-425.

"Trusting the Stock Market." Luigi Guiso, Paola Sapienza and Luigi Zingales; Journal of Finance, 2008, 63(6), pp. 2557-600.

"The Corporate Governance Role of the Media: Evidence from Russia." Alexander Dyck, Natalya Volchkova and Luigi Zingales; The Journal of Finance, 2008, 63(3), pp. 1093-135.

"Theft and Taxes." Mihir A. Desai, Alexander Dyck and Luigi Zingales; Journal of Financial Economics, 2007, 84(3), pp. 591-623.

"What Has Mattered to Economics since 1970." E. Han Kim, Adair Morse and Luigi Zingales; Journal of Economic Perspectives, 2006, 20(4), pp. 189-89.

"Does Culture Affect Economic Outcomes?" Luigi Guiso, Paola Sapienza and Luigi Zingales; The Journal of Economic Perspectives, 2006, 20(2), pp. 1.

"Gods and Mammon." Luigi Zingales; Global Agenda, 2006, 4(1), pp. 228-29.

"Does Local Financial Development Matter?" Luigi Guiso, Paola Sapienza and Luigi Zingales; Quarterly Journal of Economics, 2004, 119(3), pp. 929-69.

"The Role of Social Capital in Financial Development." Luigi Guiso, Paola Sapienza and Luigi Zingales; American Economic Review, 2004, 94(3), pp. 526.

"Private Benefits of Control: An International Comparison." Alexander Dyck and Luigi Zingales; Journal of Finance, 2004, 59(2), pp. 537-600.

"Making Capitalism Work for Everyone." Raghuram G Rajan and Luigi Zingales; The Bank of America Journal of Applied Corporate Finance, 2004, 16(4), pp. 101.

"The Bubble and the Media," Alexander Dyck and Luigi Zingales, in Corporate Governance and Capital Flows in a Global Economy. P. K. Cornelius and B. Kogut, New York: Oxford University Press, 2003, pp. 83-102.

"Commentary on 'More on Finance and Growth: More Finance, More Growth? '." Luigi Zingales; Federal Reserve Bank of St. Louis Review, 2003, 85(4), pp. 47-52.

"People's Opium? Religion and Economic Attitudes." Luigi Guiso, Paola Sapienza and Luigi Zingales; Journal of Monetary Economics, 2003, 50(1), pp. 225-82.

"The Price of Influence Peddling." Raghuram Rajan and Luigi Zingales; Barron's, 2003, 83(40), pp. 41.

Saving Capitalism from the Capitalists : Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity Raghuram Rajan and Luigi Zingales; New York: Crown Business, 2003.

"The Great Reversals: The Politics of Financial Development in the Twentieth Century." Raghuram G. Rajan and Luigi Zingales; Journal of Financial Economics, 2003, 69(1), pp. 5-50.

"The Corporate Governance Role of the Media," Alexander Dyck and Luigi Zingales, in The Right to Tell: The Role of Mass Media in Economic Development. R. Islam, Washington, D.C.: World Bank, 2002, pp. 107-40.

"Banks and Markets: The Changing Character of European Finance," Luigi Zingales and Raghuram Rajan, in The Transformation of the European Financial System: Second Ecb Central Banking Conference. V. Gaspar, P. Hartmann and O. Sleijpen, Frankfurt am Main: European Central Bank, 2002, pp. 123 - 68.

"Financial Systems, Industrial Structure, and Growth." Raghuram G. Rajan and Luigi Zingales; Oxford Review of Economic Policy, 2001, 17(4), pp. 467-82.

"The Firm as a Dedicated Hierarchy: A Theory of the Origins and Growth of Firms." Raghuram G. Rajan and Luigi Zingales; Quarterly Journal of Economics, 2001, 116(3), pp. 805-51.

"The Influence of the Financial Revolution on the Nature of Firms." Raghuram G. Rajan and Luigi Zingales; American Economic Review, 2001, 91(2), pp. 206-11.

"Investment-Cash Flow Sensitivities Are Not Valid Measures of Financing Constraints." Steven N. Kaplan and Luigi Zingales; Quarterly Journal of Economics, 2000, 115(2), pp. 707-12.

"Ownership Structures and the Decision to Go Public: Private Versus Social Optimality," Lucian Arye Bebchuk and Luigi Zingales, in Concentrated Corporate Ownership. R. K. Morck, Chicago and London: University of Chicago Press, 2000, pp. 55-75.

"In Search of New Foundations." Luigi Zingales; Journal of Finance, 2000, 55(4), pp. 1623-53.

"The Governance of the New Enterprise," Luigi Zingales and Raghuram Rajan, in Corporate Governance : Theoretical and Empirical Perspectives. X. Vives, Cambridge: Cambridge University Press, 2000, pp. 201-27.

"The Eclipse of the U S Tire Industry," Raghuram Rajan, Paolo Volpin and Luigi Zingales, in Mergers and Productivity. S. N. Kaplan, Chicago and London: University of Chicago Press, 2000, pp. 51-86.

"The Tyranny of Inequality." Raghuram G. Rajan and Luigi Zingales; Journal of Public Economics, 2000, 76(3), pp. 521-58.

"The Cost of Diversity: The Diversification Discount and Inefficient Investment." Raghuram Rajan, Henri Servaes and Luigi Zingales; Journal of Finance, 2000, 55(1), pp. 35-80.

"Corporate Governance," Luigi Zingales, in The New Palgrave Dictionary of Economics and the Law. P. Newman, London: Macmillan Reference, 1998, pp. 497-503.

"Why Do Companies Go Public? An Empirical Analysis." Marco Pagano, Fabio Panetta and Luigi Zingales; Journal of Finance, 1998, 53(1), pp. 27-64.

"Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry." Luigi Zingales; Journal of Finance, 1998, 53(3), pp. 905-38.

"Debt, Folklore, and Cross Country Differences in Financial Structure." Raghuram Rajan and Luigi Zingales; The Bank of America Journal of Applied Corporate Finance, 1998, 10(4), pp. 102.

"Which Capitalism? Lesson from the East Asia Crisis." Raghuram G Rajan and Luigi Zingales; The Bank of America Journal of Applied Corporate Finance, 1998, 11(3), pp. 40.

"Power in a Theory of the Firm." Raghuram G. Rajan and Luigi Zingales; Quarterly Journal of Economics, 1998, 113(2), pp. 387-432.

"Financial Dependence and Growth." Raghuram G. Rajan and Luigi Zingales; American Economic Review, 1998, 88(3), pp. 559-86.

"Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?" Steven N. Kaplan and Luigi Zingales; Quarterly Journal of Economics, 1997, 112(1), pp. 169-215.

"Why Do Companies Go Public? An Emperical Analysis," Marco Pagano, Fabio Panetta and Luigi Zingales, in The Decision to Go Public and the Stock Market as a Source of Capital. M. Pagano and A. Röell, Roma: Bancaria Editrice, 1996, pp.

"The Stock Market as a Source of Capital: Some Lessons from Initial Public Offerings in Italy." Marco Pagano, Fabio Panetta and Luigi Zingales; European Economic Review, 1996, 40(3-5), pp. 1057-69.

"Insider Ownership and the Decision to Go Public." Luigi Zingales; Review of Economic Studies, 1995, 62(3), pp. 425-48.

"What Determines the Value of Corporate Votes?" Luigi Zingales; Quarterly Journal of Economics, 1995, 110(4), pp. 1047-73.

"What Do We Know About Capital Structure? Some Evidence from International Data." Raghuram G. Rajan and Luigi Zingales; Journal of Finance, 1995, 50(5), pp. 1421-60.

Change of Ownership : Incentives and Rules Luigi Zingales; Temi Di Discussione Del Servizio Studi ;; N. 246; Roma: Banca d'Italia, 1994.

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

The Value of Corporate Control; Luigi Zingales; Ph.D. Dissertation, Massachusetts Institute of Technology, 1992.