Selected Bibliography for Luigi Zingales

Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance

Home page of Luigi Zingales

Luigi Zingales author profile at Scopus

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.