Marco Pagano

University of Naples Federico II - Department of Economics and Statistics

Professor of Economics

Via Cintia - Monte S. Angelo

Napoli, 80126

Italy

Centre for Studies in Economics and Finance (CSEF)

Director

Via Cintia

Complesso Monte S. Angelo

Naples, Naples 80126

Italy

Einaudi Institute for Economics and Finance (EIEF)

President

Via Sallustiana, 62

Rome, 00187

Italy

Research Institute of Industrial Economics (IFN)

Affiliated Researcher

Box 55665

Grevgatan 34, 2nd floor

Stockholm, SE-102 15

Sweden

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

European Corporate Governance Institute (ECGI)

Fellow

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

http:/www.ecgi.org

SCHOLARLY PAPERS

84

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Rank 893

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Top 893

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34,139

SSRN CITATIONS
Rank 183

SSRN RANKINGS

Top 183

in Total Papers Citations

1,398

CROSSREF CITATIONS

2,322

Scholarly Papers (84)

1.
Downloads 2,596 ( 6,232)
Citation 82

Managers, Workers, and Corporate Control

Number of pages: 40 Posted: 11 Apr 2003
Paolo F. Volpin and Marco Pagano
City University London - Faculty of Finance and University of Naples Federico II - Department of Economics and Statistics
Downloads 2,572 (6,220)
Citation 28

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private benefits, employment protection, takeovers, ESOPs

Managers, Workers and Corporate Control

Number of pages: 38 Posted: 07 Jan 2003
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 24 (619,287)
Citation 37
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Corporate control, private benefits, takeovers, ESOPs, employment protection

Short-Selling Bans Around the World: Evidence from the 2007-09 Crisis

Journal of Finance, Forthcoming
Number of pages: 64 Posted: 10 Nov 2009 Last Revised: 22 Aug 2011
Alessandro Beber and Marco Pagano
Cass Business School and University of Naples Federico II - Department of Economics and Statistics
Downloads 2,322 (7,327)
Citation 3

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Short-Selling Bans Around the World: Evidence from the 2007-09 Crisis

CEPR Discussion Paper No. DP7557
Number of pages: 41 Posted: 11 Jan 2010
Alessandro Beber and Marco Pagano
Cass Business School and University of Naples Federico II - Department of Economics and Statistics
Downloads 10 (729,725)
Citation 45
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ban, crisis, liquidity, price discovery, short selling

3.
Downloads 2,002 ( 9,525)
Citation 7

Corporate Fraud, Governance and Auditing

EFA 2009 Bergen Meetings Paper
Number of pages: 40 Posted: 05 Feb 2009 Last Revised: 02 Mar 2009
Giovanni Immordino and Marco Pagano
University of Salerno - Centre for Studies in Economics and Finance (CSEF) and University of Naples Federico II - Department of Economics and Statistics
Downloads 1,995 (9,384)
Citation 3

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accounting fraud, auditing, managerial compensation, corporate governance, regulation

Corporate Fraud, Governance and Auditing

CEPR Discussion Paper No. DP7104
Number of pages: 43 Posted: 18 Feb 2009
Giovanni Immordino and Marco Pagano
University of Salerno - Centre for Studies in Economics and Finance (CSEF) and University of Naples Federico II - Department of Economics and Statistics
Downloads 7 (755,056)
Citation 2
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accounting fraud, auditing, corporate governance, managerial compensation, regulation

4.

Legal Determinants of the Return on Equity

Number of pages: 51 Posted: 29 Feb 2000
Davide Lombardo and Marco Pagano
European University Institute and University of Naples Federico II - Department of Economics and Statistics
Downloads 1,847 (10,842)
Citation 56

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Law, enforcement, shareholder protection, corporate governance, return on equity

The Political Economy of Corporate Governance

Number of pages: 35 Posted: 15 Mar 2000
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 1,809 (11,006)
Citation 73

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The Political Economy of Corporate Governance

American Economic Review, Vol. 95, No. 4, September 2005
Posted: 29 Mar 2006
Paolo F. Volpin and Marco Pagano
City University London - Faculty of Finance and University of Naples Federico II - Department of Economics and Statistics

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6.

Pandemic Crisis and Financial Stability

European Banking Institute Working Paper Series Forthcoming
Number of pages: 481 Posted: 22 May 2020
National and Kapodistrian University of Athens, University of Hamburg - Institute of Law & Economics, Radboud University Nijmegen - Institute for Financial Law (IFR), Ghent University - Financial Law Institute, Trinity College Dublin - School of Law, University of Vienna, London School of Economics & Political Science (LSE), University of Bologna - Department of Business Law, Universidad Carlos III de Madrid, University of Lisbon - School of Law. Jean Monnet Chair – Economic Regulation in the EU, Bocconi University - Department of Law, University of Genoa - Law Department, European Banking Institute, University Rome III, Department of Law, University of Oxford Faculty of Law, University of Naples Federico II - Department of Economics and Statistics, Università Cattolica and Università Cattolica del Sacro Cuore
Downloads 1,701 (12,367)
Citation 1

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7.

The Geography of Equity Listing: Why Do European Companies List Abroad?

Number of pages: 59 Posted: 24 Mar 2000
Marco Pagano, Ailsa Röell and Josef Zechner
University of Naples Federico II - Department of Economics and Statistics, Columbia University, School of International and Public Affairs and Vienna University of Economics and Business
Downloads 1,413 (16,604)
Citation 36

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8.

Law and Equity Markets: A Simple Model

Number of pages: 28 Posted: 29 Feb 2000
Davide Lombardo and Marco Pagano
European University Institute and University of Naples Federico II - Department of Economics and Statistics
Downloads 1,204 (21,096)
Citation 33

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9.
Downloads 857 ( 34,399)
Citation 29

Local Crowding Out in China

Journal of Finance, Forthcoming
Number of pages: 104 Posted: 11 Aug 2016 Last Revised: 27 Oct 2019
Yi Huang, Marco Pagano and Ugo Panizza
Graduate Institute of International and CEPR, University of Naples Federico II - Department of Economics and Statistics and Graduate Institute of International and Development Studies (IHEID) - Department of Economics
Downloads 770 (39,288)
Citation 20

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investment, local public debt, crowding out, credit constraints, China

Local Crowding Out in China

CFS Working Paper, No. 632, 2019
Number of pages: 87 Posted: 08 Nov 2019
Yi Huang, Marco Pagano and Ugo Panizza
Graduate Institute of International and CEPR, University of Naples Federico II - Department of Economics and Statistics and Graduate Institute of International and Development Studies (IHEID) - Department of Economics
Downloads 87 (354,768)
Citation 12

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investment, local public debt, crowding out, credit constraints, China

Local Crowding Out in China

CEPR Discussion Paper No. DP11489
Number of pages: 107 Posted: 06 Sep 2016 Last Revised: 31 Oct 2019
Yi Huang, Marco Pagano and Ugo Panizza
Graduate Institute of International and CEPR, University of Naples Federico II - Department of Economics and Statistics and Graduate Institute of International and Development Studies (IHEID) - Department of Economics
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Citation 4
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China, credit constraints, Crowding out, investment, Local public debt

Shareholder Protection, Stock Market Development, and Politics

ECGI - Finance Working Paper No. 105/2005
Number of pages: 40 Posted: 23 Nov 2005
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 828 (35,534)
Citation 5

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political economy, shareholder protection, corporate governance, stock market development

Shareholder Protection, Stock Market Development and Politics

CEPR Discussion Paper No. 5378
Number of pages: 38 Posted: 21 Feb 2006
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 23 (626,588)
Citation 6
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Political economy, shareholder protection, corporate governance, stock market development

Financial Disclosure and Market Transparency with Costly Information Processing

Forthcoming, Review of Finance, ECGI - Finance Working Paper
Number of pages: 47 Posted: 21 Oct 2012 Last Revised: 07 Dec 2016
Marco Di Maggio and Marco Pagano
Harvard Business School and University of Naples Federico II - Department of Economics and Statistics
Downloads 397 (90,843)
Citation 4

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disclosure, transparency, complex assets

Financial Disclosure and Market Transparency with Costly Information Processing

Forthcoming, Review of Finance
Number of pages: 47 Posted: 01 Nov 2014 Last Revised: 07 Dec 2016
Marco Di Maggio and Marco Pagano
Harvard Business School and University of Naples Federico II - Department of Economics and Statistics
Downloads 311 (119,655)

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disclosure, transparency, financial literacy, limited attention, OTC markets

Financial Disclosure and Market Transparency with Costly Information Processing

CEPR Discussion Paper No. DP9207
Number of pages: 40 Posted: 01 Feb 2013
Marco Di Maggio and Marco Pagano
Harvard Business School and University of Naples Federico II - Department of Economics and Statistics
Downloads 2 (800,319)
Citation 2
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financial disclosure, information processing, liquidity, market transparency, rational inattention

12.
Downloads 695 ( 45,758)
Citation 139

Inheritance Law and Investment in Family Firms

3rd Annual Conference on Empirical Legal Studies Papers, ECGI - Finance Working Paper No. 222/2008
Number of pages: 64 Posted: 16 Apr 2008 Last Revised: 12 May 2014
Andrew Ellul, Marco Pagano and Fausto Panunzi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 504 (68,234)
Citation 44

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succession, family firms, inheritance law, growth, investment

Inheritance Law and Investment in Family Firms

FEEM Working Paper No. 6.2009, EFA 2009 Bergen Meetings Paper
Number of pages: 64 Posted: 31 Jan 2009 Last Revised: 12 May 2014
Andrew Ellul, Marco Pagano and Fausto Panunzi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 189 (196,260)
Citation 62

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Succession, Family Firms, Inheritance Law, Growth, Investment

Inheritance Law and Investment in Family Firms

CEPR Discussion Paper No. DP6977
Number of pages: 62 Posted: 02 Dec 2008
Andrew Ellul, Marco Pagano and Fausto Panunzi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 2 (800,319)
Citation 10
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Family firms, Inheritance law, Investor protection

13.
Downloads 691 ( 46,111)
Citation 33

Disaster Resilience and Asset Prices

Number of pages: 62 Posted: 19 May 2020 Last Revised: 15 Jun 2021
Marco Pagano, Christian Wagner and Josef Zechner
University of Naples Federico II - Department of Economics and Statistics, WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 691 (45,479)
Citation 47

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asset pricing, rare disasters, social distance, resilience, pandemics

Disaster Resilience and Asset Prices

CEPR Discussion Paper No. DP14773
Number of pages: 43 Posted: 28 May 2020
Marco Pagano, Christian Wagner and Josef Zechner
University of Naples Federico II - Department of Economics and Statistics, WU Vienna University of Economics and Business and Vienna University of Economics and Business
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Asset Pricing, Pandemics, Rare Disasters, resilience, social distance

14.
Downloads 672 ( 47,898)
Citation 52

Securitization, Transparency and Liquidity

EFA 2009 Bergen Meetings Paper, AFA 2010 Atlanta Meetings Paper
Number of pages: 56 Posted: 05 Feb 2009 Last Revised: 30 Dec 2010
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 664 (47,987)
Citation 30

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securitization, rating, liquidity, subprime lending crisis, default

Securitization, Transparency and Liquidity

CEPR Discussion Paper No. DP7105
Number of pages: 43 Posted: 18 Feb 2009
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 8 (746,525)
Citation 8
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default, liquidity, rating, securitization, subprime lending crisis, transparency

The Changing Microstructure of European Equity Markets

Center for Studies in Economics and Finance (CSEF) No. 1998.04
Number of pages: 37 Posted: 25 Nov 1998
Marco Pagano
University of Naples Federico II - Department of Economics and Statistics
Downloads 638 (50,583)
Citation 6

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The Changing Microstructure of European Equity Markets

The European Securities Markets: The Investment Services Directive and Beyond, edited by Guido Ferrarini, Kluwer Law International 1998
Posted: 21 Dec 1998
Marco Pagano
University of Naples Federico II - Department of Economics and Statistics

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Courts and Banks: Effects of Judicial Enforcement on Credit Markets

CSEF Working Paper No. 58
Number of pages: 43 Posted: 10 Mar 2002
Magda Bianco, Tullio Jappelli and Marco Pagano
Bank of Italy, University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 578 (57,433)
Citation 15

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enforcement, judicial efficiency, credit market, interest rates

Courts and Banks: Effects of Judicial Enforcement on Credit Markets

Number of pages: 46 Posted: 04 Jun 2002
Tullio Jappelli, Marco Pagano and Magda Bianco
University of Naples Federico II - Department of Economics and Statistics, University of Naples Federico II - Department of Economics and Statistics and Bank of Italy
Downloads 30 (578,532)
Citation 16
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Credit market, enforcement, interest rates, judicial efficiency

Information Sharing, Lending and Defaults: Cross-Country Evidence

CSEF Working Paper No. 22.1999
Number of pages: 42 Posted: 07 Dec 1999
Tullio Jappelli and Marco Pagano
University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 596 (55,296)
Citation 35

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Information Sharing, Lending and Defaults: Cross-Country Evidence

CEPR Working Paper No. 2184
Posted: 23 Aug 1999
Tullio Jappelli and Marco Pagano
University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics

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18.
Downloads 590 ( 56,677)
Citation 37

The European Bond Markets Under Emu

Number of pages: 31 Posted: 07 Dec 2004
Marco Pagano and Ernst-Ludwig von Thadden
University of Naples Federico II - Department of Economics and Statistics and Universitaet Mannheim
Downloads 540 (62,599)

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Euro, EMU, bond market, financial integration, bond yield differential

The European Bond Markets Under Emu

Number of pages: 34 Posted: 08 Mar 2005
Marco Pagano and Ernst-Ludwig von Thadden
University of Naples Federico II - Department of Economics and Statistics and Universitaet Mannheim
Downloads 50 (477,041)
Citation 23
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Euro, bond market, financial integration, bond yield differential

19.
Downloads 561 ( 60,341)
Citation 7

Short-Selling Bans and Bank Stability

Number of pages: 36 Posted: 04 Jan 2016 Last Revised: 22 Sep 2020
Cass Business School, City University London - Sir John Cass Business School, University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 531 (63,875)
Citation 7

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short selling, ban, financial crisis, bank stability, systemic risk

Short-Selling Bans and Bank Stability

ESRB: Working Paper Series No. 2018/64
Number of pages: 45 Posted: 05 Nov 2020
Cass Business School, City University London - Sir John Cass Business School, University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 27 (598,068)

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ban, bank stability, financial crisis, short-selling, systemic risk

Short-Selling Bans and Bank Stability

CEPR Discussion Paper No. DP11090
Number of pages: 39 Posted: 17 Feb 2016
Alessandro Beber, Daniela Fabbri and Marco Pagano
Cass Business School, City University London - Sir John Cass Business School and University of Naples Federico II - Department of Economics and Statistics
Downloads 3 (789,504)
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ban, bank stability, financial crisis, short-selling, systemic risk

20.
Downloads 557 ( 60,921)
Citation 72

The Sovereign-Bank Diabolic Loop and Esbies

American Economic Review, Vol. 6, No. 5, May 2016, HEC Paris Research Paper No. FIN-2016-1133, Columbia Business School Research Paper No. 16-12
Number of pages: 14 Posted: 25 Jan 2016 Last Revised: 14 Jun 2016
Princeton University - Department of Economics, IE Business School, Trinity College (Dublin) - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
Downloads 531 (63,875)
Citation 7

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diabolic loop, sovereign debt crisis, government default, bank default, bailout, ESBies

The Sovereign-Bank Diabolic Loop and Esbies

NBER Working Paper No. w21993
Number of pages: 16 Posted: 15 Feb 2016 Last Revised: 04 Feb 2021
Princeton University - Department of Economics, IE Business School, Trinity College (Dublin) - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
Downloads 25 (612,050)
Citation 7

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The Sovereign-Bank Diabolic Loop and ESBies

CEPR Discussion Paper No. DP11317
Number of pages: 17 Posted: 13 Jun 2016
Princeton University - Department of Economics, IE Business School, Trinity College (Dublin) - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia University, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
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Citation 38
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bailout, bank default, diabolic loop, ESBies, government default, sovereign debt crisis

21.

Collateral vs. Project Screening: A Model of Lazy Banks

RAND Journal of Economics, Vol. 32, No. 4, Winter, 2001, CSEF WORKING PAPER No. 10
Number of pages: 22 Posted: 01 Dec 1998 Last Revised: 30 Dec 2010
Michael Manove, Jorge Padilla and Marco Pagano
Boston University - Department of Economics, Compass Lexecon and University of Naples Federico II - Department of Economics and Statistics
Downloads 554 (61,337)
Citation 21

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Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 398/2014, AFA 2012 Chicago Meetings Paper
Number of pages: 57 Posted: 19 Mar 2011 Last Revised: 26 Nov 2018
Viral V. Acharya, Marco Pagano and Paolo F. Volpin
New York University - Leonard N. Stern School of Business, University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 401 (89,806)
Citation 15

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managerial talent, project allocation, insurance, mobility, turnover

Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent

NYU Working Paper No. 2451/31368
Number of pages: 51 Posted: 15 Dec 2011 Last Revised: 18 May 2016
Viral V. Acharya, Marco Pagano and Paolo F. Volpin
New York University - Leonard N. Stern School of Business, University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 123 (280,185)

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managerial talent, alpha, risk taking, mobility, managerial labor market, competition, poaching

Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent

NBER Working Paper No. w18891
Number of pages: 49 Posted: 17 Mar 2013 Last Revised: 13 Feb 2021
Viral V. Acharya, Marco Pagano and Paolo F. Volpin
New York University - Leonard N. Stern School of Business, University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 10 (729,725)

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Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent

CEPR Discussion Paper No. DP8905
Number of pages: 42 Posted: 04 Apr 2012
Viral V. Acharya, Marco Pagano and Paolo F. Volpin
New York University - Leonard N. Stern School of Business, University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 4 (780,490)
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executive compensation, managerial talent, managerial turnover, short-termism

23.

The COVID-19 Pandemic and Business Law: A Series of Posts from the Oxford Business Law Blog

Oxford Legal Studies Research Paper No. 15/2020
Number of pages: 34 Posted: 15 Apr 2020
Leiden University - Leiden Law School, Princeton University - Department of Economics, University of Oxford - Faculty of Law, University of Oxford Faculty of Law, Singapore Management University - School of Law, Columbia Law School, SciencesPo - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE) and University of Oxford - Faculty of Law
Downloads 531 (64,568)
Citation 1

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COVID-19, Financial crisis, Financial regulation, Corporate governance, Insolvency law

Why Do Companies Go Public? An Empirical Analysis

NBER Working Paper No. w5367
Number of pages: 62 Posted: 10 Jun 2000 Last Revised: 03 Mar 2021
Marco Pagano, Fabio Panetta and Luigi Zingales
University of Naples Federico II - Department of Economics and Statistics, Bank of Italy and University of Chicago - Booth School of Business
Downloads 506 (67,888)
Citation 8

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Why Do Companies Go Public? An Empirical Analysis

Journal of Finance, Vol. 53, No.1, February 1998
Posted: 23 Feb 2003
Marco Pagano, Fabio Panetta and Luigi Zingales
University of Naples Federico II - Department of Economics and Statistics, Bank of Italy and University of Chicago - Booth School of Business

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Information Sharing and Credit: Firm-Level Evidence from Transition Countries

ECGI - Finance Working Paper No. 201/2008, EFA 2007 Ljubljana Meetings Paper
Number of pages: 43 Posted: 02 Mar 2007 Last Revised: 29 May 2013
Martin Brown, Tullio Jappelli and Marco Pagano
University of St. Gallen, University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 483 (71,942)
Citation 12

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information sharing, credit access, transition countries

Information Sharing and Credit: Firm-Level Evidence from Transition Countries

CEPR Discussion Paper No. DP6313
Number of pages: 40 Posted: 27 May 2008
Martin Brown, Tullio Jappelli and Marco Pagano
University of St. Gallen, University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 2 (800,319)
Citation 14
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credit access, information sharing, transition countries

26.

Lessons from the European Financial Crisis

CFS Working Paper No. 486
Number of pages: 31 Posted: 01 Nov 2014
Marco Pagano
University of Naples Federico II - Department of Economics and Statistics
Downloads 449 (79,395)
Citation 3

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bank regulation, euro, financial crisis, sovereign exposures, forbearance, bank resolution, bank capital requirements

27.
Downloads 426 ( 84,485)

Optimal Regulation of Auditing

CESifo Working Paper Series No. 1980
Number of pages: 32 Posted: 15 May 2007
Marco Pagano and Giovanni Immordino
University of Naples Federico II - Department of Economics and Statistics and University of Salerno - Centre for Studies in Economics and Finance (CSEF)
Downloads 426 (83,737)

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auditing, regulation, enforcement, collusion

Optimal Regulation of Auditing

CESifo Economic Studies, Vol. 53, No. 3, pp. 363-388, 2007
Posted: 28 Sep 2009
Marco Pagano and Giovanni Immordino
University of Naples Federico II - Department of Economics and Statistics and University of Salerno - Centre for Studies in Economics and Finance (CSEF)

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auditing, regulation, enforcement, collusion.

28.
Downloads 411 ( 88,074)
Citation 4

Transparency, Tax Pressure and Access to Finance

AFA 2012 Chicago Meetings Paper, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 332/2012
Number of pages: 67 Posted: 18 Mar 2011 Last Revised: 20 Nov 2018
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics, University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 410 (87,546)
Citation 8

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transparency, tax pressure, investment, access to finance

Transparency, Tax Pressure and Access to Finance

CEPR Discussion Paper No. DP8939
Number of pages: 64 Posted: 25 May 2012
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics, University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 1 (813,624)
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access to finance, tax pressure, Transparency

Employment and Wage Insurance within Firms: Worldwide Evidence

Kelley School of Business Research Paper No. 2014-23, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 517/2017
Number of pages: 73 Posted: 23 Jul 2014 Last Revised: 09 Nov 2017
Andrew Ellul, Marco Pagano and Fabiano Schivardi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Luiss Guido Carli - Department of Economics and Finance
Downloads 222 (168,778)
Citation 14

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risk-sharing, insurance, social security, unemployment, wages, family firms

Employment and Wage Insurance within Firms: Worldwide Evidence

Kelley School of Business Research Paper No. 15-69, CFS Working Paper No. 517
Number of pages: 67 Posted: 22 Sep 2015 Last Revised: 17 Sep 2017
Andrew Ellul, Marco Pagano and Fabiano Schivardi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Luiss Guido Carli - Department of Economics and Finance
Downloads 188 (197,186)
Citation 3

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risk-sharing, insurance, social security, unemployment, wages, family firms

Employment and Wage Insurance within Firms: Worldwide Evidence

CEPR Discussion Paper No. DP10711
Number of pages: 61 Posted: 13 Jul 2015
Andrew Ellul, Marco Pagano and Fabiano Schivardi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Luiss Guido Carli - Department of Economics and Finance
Downloads 0
Citation 7
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family firms, insurance, risk-sharing, social security, unemployment, wages

30.
Downloads 407 ( 89,061)
Citation 74

How Does Liquidity Affect Government Bond Yields?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 61 Posted: 26 Jan 2009 Last Revised: 29 Jan 2009
Bocconi University - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Universitaet Mannheim
Downloads 246 (152,746)
Citation 6

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bond markets, liquidity, risk

How Does Liquidity Affect Government Bond Yields?

Number of pages: 61 Posted: 15 Oct 2008 Last Revised: 20 Oct 2008
Bocconi University - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Universitaet Mannheim
Downloads 152 (237,068)
Citation 8

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Liquidity, yield differentials, bond markets

How Does Liquidity Affect Government Bond Yields?

CEPR Discussion Paper No. DP6649
Number of pages: 44 Posted: 05 Jun 2008
Bocconi University - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Universitaet Mannheim
Downloads 9 (738,227)
Citation 10
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Bond yields, euro area, liquidity, risk

31.

Valutation, Liquidity and Risk in Government Bond Markets

IGIER Working Paper No. 281
Number of pages: 44 Posted: 07 Feb 2005
Bocconi University - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Universitaet Mannheim
Downloads 391 (93,237)
Citation 23

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32.

Financial Stability Amidst the Pandemic Crisis: On Top of the Wave

Number of pages: 621 Posted: 20 Jul 2021
National and Kapodistrian University of Athens, University of Hamburg - Institute of Law & Economics, Bocconi University - Department of Law, University of Edinburgh - School of Law, HEC Montreal, Queen Mary University of London, School of Law - Centre for Commercial Law Studies, Universidad Carlos III de Madrid, University Rome III, Department of Law, Radboud University Nijmegen - Institute for Financial Law (IFR), City University London - Sir John Cass Business School, Trinity College Dublin - School of Law, University of Oxford Faculty of Law, LUMSA University, Università Cattolica del Sacro Cuore, Centre for European Policy Studies (CEPS), Radboud University Nijmegen, Leibniz Institute for Financial Research SAFE, European Banking Institute, University of Bologna - Department of Business Law, University of Vienna, University of Lisbon - School of Law. Jean Monnet Chair – Economic Regulation in the EU, Universidad Carlos III de Madrid, University of Naples Federico II - Department of Economics and Statistics, Universidad Complutense de Madrid (UCM), Università Cattolica, Court of Justice of the European Union, University of Genoa - Law Department, Leibniz Institute for Financial Research SAFE and University of Geneva - Graduate Institute of International Studies (HEI)
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COVID-19, banking regulation, financial stability, European Union

33.
Downloads 363 (101,593)
Citation 4

Advertising Arbitrage

CFS Working Paper No. 482
Number of pages: 36 Posted: 14 Oct 2014 Last Revised: 25 Oct 2019
Sergey Kovbasyuk and Marco Pagano
New Economic School and University of Naples Federico II - Department of Economics and Statistics
Downloads 164 (222,231)
Citation 4

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limits to arbitrage, advertising, price discovery, limited attention

Advertising Arbitrage

Number of pages: 31 Posted: 02 May 2014 Last Revised: 16 Jul 2020
Sergey Kovbasyuk and Marco Pagano
New Economic School and University of Naples Federico II - Department of Economics and Statistics
Downloads 150 (239,661)
Citation 4

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limits to arbitrage, advertising, price discovery, limited attention

Advertising Arbitrage

CFS Working Paper, No. 641, 2020
Number of pages: 34 Posted: 04 Sep 2020
Sergey Kovbasyuk and Marco Pagano
New Economic School and University of Naples Federico II - Department of Economics and Statistics
Downloads 48 (485,493)

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limits to arbitrage, advertising, price discovery, limited attention

Advertising Arbitrage

CEPR Discussion Paper No. DP15064
Number of pages: 34 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Sergey Kovbasyuk and Marco Pagano
New Economic School and University of Naples Federico II - Department of Economics and Statistics
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advertising, limited attention, Limits to Arbitrage, price discovery

34.

Searching for Non-Keynesian Effects of Fiscal Policy

IGIER Working Paper No. 136
Number of pages: 27 Posted: 14 Jan 1999
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 363 (101,593)
Citation 10

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35.
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Citation 14

Bank Exposures and Sovereign Stress Transmission

Review of Finance
Number of pages: 54 Posted: 06 Aug 2015 Last Revised: 13 Aug 2017
European Central Bank (ECB), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 216 (173,319)
Citation 3

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sovereign exposures, sovereign risk, bank lending, credit risk, euro, crisis

Bank Exposures and Sovereign Stress Transmission

CFS Working Paper, No. 539
Number of pages: 64 Posted: 08 Oct 2016 Last Revised: 02 Apr 2018
European Central Bank (ECB), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 86 (357,308)
Citation 11

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overeign exposures, sovereign risk, bank lending, credit risk, euro, crisis

Bank Exposures and Sovereign Stress Transmission

ECB Working Paper No. 1969
Number of pages: 66 Posted: 19 Oct 2016
European Central Bank (ECB), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
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sovereign exposures, sovereign risk, credit risk, diabolic loop, euro debt crisis

36.
Downloads 360 (102,558)
Citation 21

Where is the Market? Evidence from Cross-Listings

Number of pages: 29 Posted: 23 Jun 2004
University of Vienna - Department of Business Engineering, University of Naples Federico II - Department of Economics and Statistics, WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 340 (108,580)
Citation 12

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trading volume, cross-listing, flow-back

Where is the Market? Evidence from Cross-Listings

CEPR Discussion Paper No. 4987
Number of pages: 34 Posted: 05 Aug 2005
University of Vienna - Department of Business Engineering, University of Naples Federico II - Department of Economics and Statistics, WU Vienna University of Economics and Business and Vienna University of Economics and Business
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Trading volume, cross-listing, flow-back

37.
Downloads 330 (112,955)
Citation 6

Career Risk and Market Discipline in Asset Management

Kelley School of Business Research Paper No. 17-78, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 558/2018
Number of pages: 90 Posted: 21 Nov 2017 Last Revised: 15 Mar 2019
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and CSEF
Downloads 273 (137,422)

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Careers, hedge funds, asset managers, market discipline, scarring effects

Career Risk and Market Discipline in Asset Management

CFS Working Paper, No. 602, 2018
Number of pages: 84 Posted: 19 Nov 2018 Last Revised: 04 Mar 2019
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and CSEF
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careers, hedge funds, asset managers, market discipline, scarring effects

Career Risk and Market Discipline in Asset Management

CEPR Discussion Paper No. DP12851
Number of pages: 63 Posted: 12 Apr 2018
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and CSEF
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Citation 6
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asset managers, careers, Hedge Funds, market discipline, scarring effects

38.

Sharing Default Information as a Borrower Discipline Device

CSEF Working Paper No. 21
Number of pages: 39 Posted: 22 Mar 2000
Jorge Padilla and Marco Pagano
Compass Lexecon and University of Naples Federico II - Department of Economics and Statistics
Downloads 318 (117,598)
Citation 25

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39.

I Teoremi Di Modigliani-Miller: Una Pietra Miliare Della Finanza (The Modigliani-Miller Theorems: A Cornerstone of Finance)

Moneta e Credito, Vol.58, No. 230-231
Number of pages: 13 Posted: 22 May 2012
Marco Pagano
University of Naples Federico II - Department of Economics and Statistics
Downloads 284 (132,550)

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teorema MM, debito, azioni, dividendi, utili

40.

The Determinants of Savings: Lessons from Italy

IDB Working Paper No. 86
Number of pages: 36 Posted: 25 Apr 2011
Tullio Jappelli and Marco Pagano
University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 267 (141,322)
Citation 6

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41.

Corporate Leverage and Employees’ Rights in Bankruptcy

Kelley School of Business Research Paper No. 17-33
Number of pages: 72 Posted: 18 Apr 2017 Last Revised: 29 Mar 2019
Andrew Ellul and Marco Pagano
Indiana University - Kelley School of Business - Department of Finance and University of Naples Federico II - Department of Economics and Statistics
Downloads 247 (152,700)
Citation 8

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workers’ rights, bankruptcy, seniority, leverage, wage bargaining

42.

Emergency Measures for Equity Trading: The Case Against Short-Selling Bans and Stock Exchange Shutdowns

Forthcoming, Christos Gortsos and Wolf-Georg Ringe (eds), Global Pandemic Crisis and Financial Stability, European Corporate Governance Institute - Law Working Paper, 513/2020
Number of pages: 15 Posted: 15 May 2020 Last Revised: 18 May 2020
Luca Enriques and Marco Pagano
University of Oxford Faculty of Law and University of Naples Federico II - Department of Economics and Statistics
Downloads 232 (162,161)
Citation 3

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COVID-19 Crisis, Equity Markets, Securities Regulation, Short-selling bans, Stock Exchanges

Multiple-Bank Lending, Creditor Rights and Information Sharing

Number of pages: 48 Posted: 12 Feb 2009 Last Revised: 18 Feb 2009
University of Salerno - Centre for Studies in Economics and Finance (CSEF), University of Naples Federico II - Department of Economics and Statistics and University of Bergamo, Compass Lexecon and CSEF
Downloads 202 (184,697)
Citation 26

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information sharing, multiple-bank lending, creditor rights, seniority, non-exclusivity

Multiple-Bank Lending, Creditor Rights and Information Sharing

CEPR Discussion Paper No. DP7186
Number of pages: 51 Posted: 11 Mar 2009
University of Salerno - Centre for Studies in Economics and Finance (CSEF), University of Naples Federico II - Department of Economics and Statistics and University of Bergamo, Compass Lexecon and CSEF
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Citation 6
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creditor rights, information sharing, multiple-bank lending, non-exclusivity, seniority

44.

Where is the Market? Evidence from Cross-Listings in the U.S.

Number of pages: 39 Posted: 14 Mar 2006
University of Luxembourg, University of Naples Federico II - Department of Economics and Statistics, WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 210 (178,299)
Citation 8

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cross-listing, trading volume, trade creation

45.
Downloads 191 (194,488)
Citation 5

Careers in Finance

Number of pages: 39 Posted: 01 Jun 2020
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and CSEF
Downloads 191 (194,414)
Citation 5

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Careers in Finance

CEPR Discussion Paper No. DP14767
Number of pages: 42 Posted: 20 May 2020
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and CSEF
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asset managers, careers, Hedge Funds, market discipline, scarring effects

46.

Information Sharing in Credit Markets: International Evidence

IDB Working Paper No. 106
Number of pages: 39 Posted: 19 Apr 2011
Tullio Jappelli and Marco Pagano
University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 191 (194,488)
Citation 110

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47.

The COVID-19 Shock and Equity Shortfall: Firm-Level Evidence from Italy

SAFE Working Paper No. 285, 2020, NYU Stern School of Business
Number of pages: 34 Posted: 13 Aug 2020 Last Revised: 29 Oct 2020
Bocconi University - Department of Finance, University of Naples Federico II - Department of Economic and Statistical Sciences, University of Naples Federico II - Department of Economics and Statistics, Goethe University Frankfurt - Faculty of Economics and Business Administration and New York University (NYU) - Department of Finance
Downloads 178 (206,905)

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COVID-19, pandemics, losses, distress, equity, recapitalization

48.

Bank Bias in Europe: Effects on Systemic Risk and Growth

ECB Working Paper No. 1797
Number of pages: 61 Posted: 24 Jun 2015
Sam Langfield and Marco Pagano
European Central Bank and University of Naples Federico II - Department of Economics and Statistics
Downloads 167 (218,557)
Citation 20

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bank regulation; banks; financial structure; systemic risk

Talent Discovery, Layoff Risk and Unemployment Insurance

Number of pages: 39 Posted: 02 Aug 2017 Last Revised: 14 Apr 2020
Marco Pagano and Luca Picariello
University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II, Center for Studies in Economics and Finance (CSEF)
Downloads 126 (275,138)
Citation 1

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Talent, Learning, Layoff Risk, Unemployment Insurance

Talent Discovery, Layoff Risk and Unemployment Insurance

CFS Working Paper, No. 603, 2018
Number of pages: 42 Posted: 19 Nov 2018
Marco Pagano and Luca Picariello
University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II, Center for Studies in Economics and Finance (CSEF)
Downloads 35 (549,382)
Citation 1

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talent, learning, layoff risk, unemployment insurance

50.
Downloads 132 (264,597)
Citation 13

ESBies: Safety in the Tranches

CFS Working Paper, No. 537
Number of pages: 55 Posted: 06 Oct 2016 Last Revised: 11 Jan 2018
Princeton University - Department of Economics, European Central Bank, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia University Graduate School of Business and London School of Economics
Downloads 93 (339,991)
Citation 17

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ESBies: Safety in the Tranches

Prepared for the 64th Panel Meeting of Economic Policy, 14-15 October 2016
Number of pages: 52 Posted: 21 Sep 2016
Princeton University - Department of Economics, European Central Bank, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia University Graduate School of Business and London School of Economics
Downloads 39 (528,167)
Citation 2

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ESBies, safe assets, sovereign debt, default, sovereign exposures, diabolic loop, tranching, pooling

ESBies: Safety in the Tranches

CEPR Discussion Paper No. DP11537
Number of pages: 55 Posted: 03 Oct 2016
Princeton University - Department of Economics, European Central Bank, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia University Graduate School of Business and London School of Economics
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bank-sovereign loop, ESBies, Euro crisis, monetary policy, public debt issuance, safe assets

51.

Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience

NBER Working Paper No. w5332
Number of pages: 50 Posted: 15 Jul 2000 Last Revised: 29 Jul 2021
Francesco Giavazzi and Marco Pagano
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Naples Federico II - Department of Economics and Statistics
Downloads 117 (289,263)
Citation 6

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52.
Downloads 100 (322,121)
Citation 5

Risk Sharing Within the Firm: A Primer

Number of pages: 72 Posted: 17 Jan 2020 Last Revised: 22 Sep 2020
Marco Pagano
University of Naples Federico II - Department of Economics and Statistics
Downloads 99 (326,424)
Citation 5

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risk sharing, insurance, unemployment, public safety net, trade unions, implicit contracts, family firms

Risk Sharing within the Firm: A Primer

CEPR Discussion Paper No. DP15046
Number of pages: 75 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Marco Pagano
University of Naples Federico II - Department of Economics and Statistics
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family firms, Implicit Contracts, Insurance, Risk Sharing, Safety net, unemployment

The Welfare Effects of Liquidity Constraints

University of Salerno Working Paper No. 13
Number of pages: 30 Posted: 19 May 1999
Tullio Jappelli and Marco Pagano
University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 100 (324,332)
Citation 2

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The Welfare Effects of Liquidity Constraints

Oxford Economic Papers July 1999
Posted: 10 Jun 1999
Tullio Jappelli and Marco Pagano
University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics

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54.

Dealing with Financial Crises: How Much Help from Research?

CFS Working Paper No. 481
Number of pages: 19 Posted: 14 Oct 2014
Marco Pagano
University of Naples Federico II - Department of Economics and Statistics
Downloads 98 (326,312)

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financial crisis, risk taking, systemic risk, financial regulation, monetary policy, politics

55.

Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries

NBER Working Paper No. w3372
Number of pages: 55 Posted: 09 May 2000 Last Revised: 21 Mar 2021
Francesco Giavazzi and Marco Pagano
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Naples Federico II - Department of Economics and Statistics
Downloads 81 (367,194)
Citation 16

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56.

The COVID-19 Shock and Equity Shortfall: Firm-level Evidence from Italy

NYU Stern School of Business
Number of pages: 34 Posted: 29 May 2020 Last Revised: 10 Sep 2020
Bocconi University - Department of Finance, University of Naples Federico II - Department of Economic and Statistical Sciences, University of Naples Federico II - Department of Economics and Statistics, Goethe University Frankfurt - Faculty of Economics and Business Administration and New York University (NYU) - Department of Finance
Downloads 79 (372,604)
Citation 2

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COVID-19, pandemics, losses, distress, equity, recapitalization

57.

Financial Disclosure with Limited Processing Capacity

Number of pages: 20 Posted: 16 Aug 2010
Marco Pagano
University of Naples Federico II - Department of Economics and Statistics
Downloads 77 (378,060)

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disclosure, transparency, liquidity

58.
Downloads 76 (380,847)
Citation 5

The Political Economy of Finance

Number of pages: 35 Posted: 21 Mar 2002
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 76 (384,930)
Citation 5
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Political economy, shareholder protection, corporate governance, bankruptcy law, credit market regulation, financial

The Political Economy of Finance

Posted: 17 Oct 2003
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance

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59.

Comment on 'Monetary Policy and Financial Stability: What Role in Prevention and Recovery?' (by Claudio Borio)

Capitalism and Society, Vol. 9, No. 2, Article 4, 2014
Number of pages: 5 Posted: 12 Nov 2014
Marco Pagano
University of Naples Federico II - Department of Economics and Statistics
Downloads 64 (417,815)

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60.

Confidence Crises and Public Debt Management

NBER Working Paper No. w2926
Number of pages: 27 Posted: 07 Apr 2004 Last Revised: 02 Jul 2021
Francesco Giavazzi and Marco Pagano
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Naples Federico II - Department of Economics and Statistics
Downloads 57 (442,371)

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Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence

NBER Working Paper No. w11593
Number of pages: 25 Posted: 26 Oct 2005 Last Revised: 07 Mar 2021
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), University of Naples Federico II - Department of Economics and Statistics, University of Naples Federico II - Department of Economics and Statistics and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 31 (572,377)
Citation 1

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Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence

CEPR Discussion Paper No. 5272
Number of pages: 27 Posted: 15 Nov 2005
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 21 (641,426)
Citation 1
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Fiscal policy, national saving

62.

Can Etfs Contribute to Systemic Risk?

ESRB: Advisory Scientific Committee Reports 2019/9
Number of pages: 40 Posted: 05 Nov 2020
University of Naples Federico II - Department of Economics and Statistics, European Systemic Risk Board and affiliation not provided to SSRN
Downloads 42 (502,982)
Citation 4

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63.

Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries

NBER Working Paper No. w7460
Number of pages: 37 Posted: 30 Mar 2000 Last Revised: 22 May 2021
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 41 (507,573)
Citation 7

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64.

Financial Market Integration and Economic Growth in the EU

Number of pages: 62 Posted: 06 Jul 2004
Einaudi Institute for Economics and Finance (EIEF), University of Naples Federico II - Department of Economics and Statistics, University "Ca' Foscari" of Venice and University of Naples Federico II - Department of Economics and Statistics
Downloads 34 (541,960)
Citation 35
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Financial integration, financial development, growth

65.

The COVID-19 Shock and Equity Shortfall: Firm-level Evidence from Italy

University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 450, NYU Stern School of Business Forthcoming
Number of pages: 35 Posted: 02 Oct 2020
Bocconi University - Department of Finance, University of Naples Federico II - CSEF - Center for Studies in Economics and Finance, University of Naples Federico II - Department of Economics and Statistics, Goethe University Frankfurt - Faculty of Economics and Business Administration and New York University (NYU) - Department of Finance
Downloads 31 (558,017)

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COVID-19, pandemics, losses, distress, equity, recapitalization

66.

The Consequences of the Single Supervisory Mechanism for Europe's Macro-Prudential Policy Framework

ESRB: Advisory Scientific Committee Reports 2013/3
Number of pages: 8 Posted: 05 Nov 2020
affiliation not provided to SSRN, affiliation not provided to SSRN, University of Naples Federico II - Department of Economics and Statistics, affiliation not provided to SSRN, National Bank of Poland, affiliation not provided to SSRN, affiliation not provided to SSRN, Deutsche Bundesbank, affiliation not provided to SSRN, affiliation not provided to SSRN, Centre for European Policy Studies, Brussels, ANIA - Italian Association of Insurance Companies, Columbia University - Columbia Business School, affiliation not provided to SSRN, Rotterdam School of Management, Erasmus University and University of Geneva - Graduate Institute of International Studies (HEI)
Downloads 23 (607,631)

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macroprudential regulation, market integration

67.

Is Europe Overbanked?

ESRB: Advisory Scientific Committee Reports 2014/4
Number of pages: 52 Posted: 05 Nov 2020
University of Naples Federico II - Department of Economics and Statistics, European Central Bank, affiliation not provided to SSRN, affiliation not provided to SSRN, affiliation not provided to SSRN, Deutsche Bundesbank, affiliation not provided to SSRN, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 18 (642,316)

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banks, financial structure, systemic risk, universal banks, bank regulation

68.

Forbearance, Resolution and Deposit Insurance

ESRB: Advisory Scientific Committee Reports 2012/1
Number of pages: 27 Posted: 05 Nov 2020
affiliation not provided to SSRN, affiliation not provided to SSRN, University of Naples Federico II - Department of Economics and Statistics, affiliation not provided to SSRN, National Bank of Poland, affiliation not provided to SSRN, affiliation not provided to SSRN, Deutsche Bundesbank, affiliation not provided to SSRN, affiliation not provided to SSRN, Centre for European Policy Studies, Brussels, ANIA - Italian Association of Insurance Companies, Columbia University - Columbia Business School, affiliation not provided to SSRN, Rotterdam School of Management, Erasmus University and University of Geneva - Graduate Institute of International Studies (HEI)
Downloads 15 (663,793)

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bank regulation, bank resolution, loan forbearance

69.

Financial Market Integration Under EMU

CEPR Discussion Paper No. DP7091
Number of pages: 45 Posted: 17 Feb 2009
Tullio Jappelli and Marco Pagano
University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 15 (663,793)
Citation 1
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EMU, financial market integration

70.

Allocating Macro-Prudential Powers

ESRB: Advisory Scientific Committee Reports 2014/5
Number of pages: 20 Posted: 05 Nov 2020
Centre for European Policy Studies, Brussels, European Central Bank, University of Naples Federico II - Department of Economics and Statistics and Rotterdam School of Management, Erasmus University
Downloads 12 (686,494)

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macroprudential regulation, economic policy, governance

71.

Esbies: Safety in the Tranches

ESRB: Working Paper Series No. 2016/21
Number of pages: 54 Posted: 05 Nov 2020
affiliation not provided to SSRN, European Central Bank, University of Naples Federico II - Department of Economics and Statistics, affiliation not provided to SSRN, affiliation not provided to SSRN and London School of Economics
Downloads 7 (725,207)
Citation 8

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European Safe Bonds, safe assets, sovereign risk

72.

Credit Ratings Failures and Policy Options

CEPR Discussion Paper No. DP7556
Number of pages: 31 Posted: 11 Jan 2010
Marco Pagano and Paolo F. Volpin
University of Naples Federico II - Department of Economics and Statistics and City University London - Faculty of Finance
Downloads 7 (725,207)
Citation 5
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credit rating agencies, crisis, default, liquidity, securitization, transparenccy

73.

A Contribution from the Chair and Vice-Chairs of the Advisory Scientific Committee to the Discussion on the European Commission's Banking Union Proposals

ESRB: Advisory Scientific Committee Reports 2012/2
Number of pages: 7 Posted: 05 Nov 2020
André Sapir, Martin F. Hellwig and Marco Pagano
affiliation not provided to SSRN, affiliation not provided to SSRN and University of Naples Federico II - Department of Economics and Statistics
Downloads 6 (733,069)

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bank regulation, market integration

74.
Downloads 3 (756,651)
Citation 71

Bank Exposures and Sovereign Stress Transmission

ESRB: Working Paper Series No. 2016/11
Number of pages: 65 Posted: 05 Nov 2020
European Central Bank (ECB), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 2 (800,319)

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sovereign exposures, sovereign risk, credit risk, diabolic loop, lending, euro debt crisis

Bank Exposures and Sovereign Stress Transmission

CEPR Discussion Paper No. DP11269
Number of pages: 58 Posted: 16 May 2016
European Central Bank (ECB), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 1 (813,624)
Citation 49
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credit risk, diabolic loop, euro debt crisis., lending, sovereign exposures, sovereign risk

75.

Legal Standards, Enforcement and Corruption

CEPR Discussion Paper No. DP7071
Number of pages: 36 Posted: 18 Dec 2008
Giovanni Immordino and Marco Pagano
University of Salerno - Centre for Studies in Economics and Finance (CSEF) and University of Naples Federico II - Department of Economics and Statistics
Downloads 2 (766,161)
Citation 1
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corruption, enforcement, legal standards, tollbooth view

76.

Incentives to Innovate and Social Harm: Laissez-Faire, Authorization or Penalties?

CEPR Discussion Paper No. DP7280
Number of pages: 29 Posted: 15 Jul 2009
Giovanni Immordino, Marco Pagano and Michele Polo
University of Salerno - Centre for Studies in Economics and Finance (CSEF), University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 1 (777,662)
Citation 2
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authorization, deterrence, innovation, liability for harm, safety regulation

77.

The Covid-19 Shock and Equity Shortfall: Firm-Level Evidence from Italy

CEPR Discussion Paper No. DP14831
Number of pages: 35 Posted: 03 Jun 2020 Last Revised: 16 Jun 2020
Bocconi University, University of Naples Federico II - CSEF - Center for Studies in Economics and Finance, University of Naples Federico II - Department of Economics and Statistics, Goethe University Frankfurt - Faculty of Economics and Business Administration and New York University (NYU) - Department of Finance
Downloads 0 (794,698)
Citation 2
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COVID-19, Distress, equity, losses, Pandemics, Recapitalization

78.

Corporate Leverage and Employees' Rights in Bankruptcy

CEPR Discussion Paper No. DP12033
Number of pages: 75 Posted: 15 May 2017 Last Revised: 01 Apr 2019
Andrew Ellul and Marco Pagano
Indiana University - Kelley School of Business - Department of Finance and University of Naples Federico II - Department of Economics and Statistics
Downloads 0 (794,698)
Citation 3
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bankruptcy, leverage, seniority, wage bargaining, workers' rights

79.

Where is the Market? Evidence from Cross-Listings in the United States

Review of Financial Studies, Vol. 21, Issue 2, pp. 725-761, 2008
Posted: 26 Jun 2008
University of Luxembourg, University of Naples Federico II - Department of Economics and Statistics, WU Vienna University of Economics and Business and Vienna University of Economics and Business

Abstract:

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G15, G30

80.

Ipo Underpricing and After-Market Liquidity

The Review of Financial Studies, Vol. 19, Issue 2, pp. 381-421, 2006
Posted: 29 Feb 2008
Andrew Ellul and Marco Pagano
Indiana University - Kelley School of Business - Department of Finance and University of Naples Federico II - Department of Economics and Statistics

Abstract:

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81.

The Geography of Equity Listing: Why Do Companies List Abroad?

Posted: 06 Jun 2003
Marco Pagano, Ailsa Röell and Josef Zechner
University of Naples Federico II - Department of Economics and Statistics, Columbia University, School of International and Public Affairs and Vienna University of Economics and Business

Abstract:

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82.

The Stock Market as a Source of Capital: Some Lessons from Initial Public Offerings in Italy

European Economic Review, Vol. 40, Issues 3-5, pp. 1057-1069, April 1996
Posted: 23 Feb 2003
Marco Pagano, Fabio Panetta and Luigi Zingales
University of Naples Federico II - Department of Economics and Statistics, Bank of Italy and University of Chicago - Booth School of Business

Abstract:

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Initial public offering, Going public, Stock market

83.

Collateral Versus Project Screening: A Model of Lazy Banks

Posted: 19 Nov 2001
Michael Manove, Jorge Padilla and Marco Pagano
Boston University - Department of Economics, Compass Lexecon and University of Naples Federico II - Department of Economics and Statistics

Abstract:

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84.

Endogenous Communication Among Lenders and Entrepreneurial Incentives

REVIEW OF FINANCIAL STUDIES, Vol. 10 No. 1
Posted: 26 Nov 1996
Jorge Padilla and Marco Pagano
Compass Lexecon and University of Naples Federico II - Department of Economics and Statistics

Abstract:

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