CV of Enrico C. Perotti |
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ENRICO C. PEROTTI Department of Finance, Roeterstraat 11 Universiteit van Amsterdam,
1018 WB Amsterdam e.c.perotti@uva.nl Tel
+ 31 20 525 4256 www.fee.uva.nl/fm/people/pero.htm Education 1985-90 Ph.D.
in Finance at the Thesis Advisors: Franco Modigliani, Robert Merton, Jean Tirole. 1978-84 Universita' L. Bocconi Milan, Italy Laurea in Discipline Economiche e Sociali (DES). Research Interests Corporate
governance and intermediation; political economy of finance; innovation
theory; privatization; leadership; strategic investment timing. Teaching and Academic Visits
2001-2008 Department
Head, Finance Group, 1998- Chair
Professor of International Finance, Co
Director, 1994-97 Associate
Professor in Finance, University of 2004-2007 London
Business School Visiting
Professor of Finance 1992- Visiting
Professor of Finance (1992, 1996, 2005) 1989-94 Assistant
Professor of Finance 1985-1990 Sloan
School, Massachusetts Institute of Technology Junior
Research Fellow, TA for MBA electives in Finance Visiting scholar at Oxford, IMF, Toulouse, World
Bank, Universitat de Barcelona, Selected Research and Consulting Experience De
Nederlandsche Bank 2010- Advisor, MacroPrudential Policy Bank
of 2010- Advisor, MacroPrudential Policy 2008- Duisenberg
School of Finance Research
Director, Program Director Corporate Finance 1992- International
Monetary Fund Visiting Scholar,
Research Department (1992, 1994, 1996, 2002, 2005). 1997-2000 Russian
European Center for Economic Policy Senior Expert for
Banking. Advisor to the EC, EBRD, Russian Central Bank, Ministry of Finance
and Presidential Administration. 1997 Research
on international cross listings. 1992-ongoing World Bank Washington,
DC Consultant
on privatization, Selected Publications " “A formal model of paternal influence on
childhood social anxiety" (with “The
Political Origins of Pension Funding” (with A. Schwienbacher), Journal of
Financial Intermediation Volume 18,
Issue 3, July 2009,
Pages 384-404 “Entrepreneurs
and New Ideas”(with B. Biais), Rand Journal of Economics, Vol 39 no 4, Winter 2008, pp
1105-1125 “Unlocking value: Equity carve outs as
strategic real options” (with “Finance
and Inequality: Channels and Evidence" (with Stijn Claessens), Journal
of Comparative Economics, 2007 “The Political Economy of Corporate Control”,
(with Ernst-Ludwig von Thadden), Journal of Political Economy, February 2006 "Strategic Transparency and Dominant
Investors" (with E. von Thadden), Journal of Law, Economics and
Organization, April 1 2005, Volume 21, Issue 1 "Strategic Transparency and Informed Trading:
Will Globalization Force Convergence of Corporate Governance? " (with
Ernst-Ludwig von Thadden), Journal
of Financial and Quantitative Analysis, 38, (1), (2003), 61-85. "Machiavellian Privatization" (with
Bruno Biais), American Economic Review, March 2002, Vol. 92, No. 1, p.
240-258 "Last Bank Standing: What Do I Gain if You
Fail ? " (with Javier Suarez), European Economic Review Vol 46
(2002), p. 1599-1622 "Option Pricing under Political Risk"
(with J. Cherian), Journal of International Economics, December 2001,
(55)2, pp. 359-377 "Red Barons or Robber Barons ? Governance and
Financing in Russian FIGs" (with "Strategic Growth Options " (with Nalin
Kulatilaka), Management Science,
Vol. 44, no. 8, August 1998, pp. 1021-1031 "Inertial Credit and Opportunistic Arrears in
Transition", European Economic Review, Vol. 42 (1998), pp.
1703-1725 "Credible Privatization", American
Economic Review, Vol. 85 no 4 (1995), p. 847-859 "The Governance Structure of the Japanese
Keiretsu" (with Erik Berglof), Journal of Financial Economics no.
36 (1994), pp. 259-184 "Capital Structure as a Bargaining Tool"
(with Kathy Spier), American Economic Review, Vol. 83 no. 5, December
(1993), pp. 1131-1141 Other Academic Publications “From
Government to Regulatory Governance: Privatization and the Residual Role of
the State” (with
B Bortolotti), World Bank Research Observer (2007);
22: 53-66 Perotti, E.C., “Finance and inequality: channels and evidence" (with Stijn
Claessens), Journal of Comparative Economics 35 (4), 748–773 (2007) “Corporate
Governance and the Distribution of Wealth: A Political Economy Perspective”,
(with E von Thadden), Journal of
Institutional and Theoretical Economics, 162(1), March 2006, 204—217 " "Lessons
from the Russian Meltdown; The Economics of Soft Legal Constraints", International
Finance Vol 5 no 3 (2002), pp. 359-399 "Valuation
of Internet companies: A Survey of the Evidence" (with Pim Jansen), Advances in Financial Economics, Vol
7, p. 1-19, 2002 "Privatization,
Market Development and Political Risk in Emerging
Economies" (with P. van Oijen), Journal of International Money and
Finance, 2001, (20)1, 43-69; reprinted in Bekaert, G. and C. Harvey,
“Emerging Markets”, Elgar Publishing, 2004 "Security
Markets versus Bank Finance: Legal Enforcement and Investor Protection"
(with Franco Modigliani), International Review of Finance, vol 1 no 2,
p. 81-96, 2000 "The
Performance of Privatization Stocks in Emerging Capital Markets" (with
F. Huibers), Advances in Financial Economics, Vol 4 p. 1-27, 1999 "State-Owned
versus Township and Village Enterprises in "Corporate
Law Enforcement and the Development of Security Markets" (with F.
Modigliani), Managerial and Decision Economics, 1998, no 18, pp.
519-528 "The
Impact of Privatization on Stock Market Development in Emerging
Economies" (with P. van Oijen), Journal of International Finance,
Fall 1996 2, 31-47 "A
Taxonomy of Post-Socialist Financial Systems: Decentralized Enforcement and
the Creation of Inside Money", The Economics of Transition Vol.
2-1, 1994, 71-81 "Bank
Lending in Transition Economies", Journal of Banking and Finance
no. 17 (1993), pp. 1021-1032 "The
Structure of Privatization Plans" (with "Cross-Ownership
as a Hostage Exchange to Support Cooperation", Managerial and
Decision Economics, Vol. 13, pp. 45-54 (1992) Papers under Review “Codification”, with Nicola Gennaioli; submitted to the Review of Economic Studies “Circulation
of Ideas: Markets versus Firms” (with Thomas Hellmann); revise and resubmit
at the Review of Economic Studies “Unprotected
Idea Exchange” (with Thomas Hellmann); submitted at the Review of Economic
Studies “Emergence of Limited Liability in Ancient Rome
(with Barbara Abatino and Giuseppe Dari Mattiacci); submitted to the Journal
of Legal Studies ‘Bank Ownership and Financial Stability (with Marcel Vorage);
submitted to Journal of Financial Economics “Resistance to Change” (with James Dow); submitted to American Economic
Review Research in Progress “Liquidity Risk Regulation” (with Javier Suarez) “The
Political Economy of Labor and Capital Reallocation” (with M. Bersem and E.
von Thadden) “Simple Leadership” (with Bruno Biais and Wouter
Dessein) “Lobbying
on Entry” (with P. Volpin) “Targeting the Systemic Effect of
Bankruptcy Exceptions” “The Political Economy of Financial Fragility”
(with Erik Feijen) “The
Tortured Emergence of Legal Personality: VOC revisited”, (with Giuseppe Dari Mattiacci, Oscar
Gelderblom and Joost Jonkers); Frequent contributor to VoxEU Book Chapters and Other
Publications “How
to Gain Support for Reforms”, in Structural Reforms without Prejudices, by Tito
Boeri et al. (eds.), "The
Russian Meltdown", in "The Wild East: Negotiating the Russian
Financial Frontier" (ed. Peter Westin),
Prentice Hall, 2002 “Lessons
From the Russian Meltdown: The Economics of Soft Legal Constraints”, CEPR
Policy Paper 9, September 2002 "Internet
Portals as Portfolios of Entry Options" (with Silvia Rossetto), in L.
Renneboog and J. McCahery (eds.), 'Venture Capital Contracting and the
Valuation of High Tech Firms', "Investor
Dominance and Transparency: On the Role of Corporate Governance for Product
Market Competition" with E. von Thadden, in 'Convergence and diversity in corporate
governance regimes', L. Renneboog, et al. Oxford University Press, 2002 "Financial
Reallocation in Russian Groups" (with Stas Gelfer), in A. Meyendorff and
A. Thakor (eds.), "Designing Financial Systems in Transition Economies:
Strategies for Reform in Central and "Pricing
IPOs in Premature Capital Markets: the Case of "Valuation
of Strategic Growth Options " (with Nalin Kulatilaka), in E. Schwartz
and L. Trigeorgis (eds.) “Real Options and Investment Under Uncertainty:
Classical "Time-to-Market
Capability as Stackelberg Growth Option" (with "Is
there a Need for a Baltic Investment Bank ?" (with E. Berglof),
Transition Newsletter vol. 11 no 5, October 2000, World Bank, "Bank
Restructuring in "Collusive Trade Credit and Stabilization Policy in
Transition", in Helmenstein, C. (ed.) Capital Markets in Emerging
Economies, Central and Eastern Europe, vol. 1, Edward Elgar Publishing,
Clarendon, UK, 1999, pp. 210-225 "Financial-Industrial
Groups and Financial Crisis: Lessons for "Crosslisting
and Shareholder Value Creation: Theory and Evidence from Dutch Foreign
Listings" (with "The
Evolution of Bank Credit Quality in "The
Rules of the Games and the Development of Security Markets" (with Franco
Modigliani), in "Corporate
Governance in Mass Privatization", in Saul Estrin (ed.) Privatization
in Central and Eastern Europe, Longman Publishing, London, England
(1994), 54-68 "Reforms
are overdue" (with F. Modigliani), Financial Times, Nov 19, 1990 Editorial activity Associate
Editor: J of Corporate Finance, Review
of Finance, Pacific-Basin Finance J, J
Emerging Market Finance, International Review of Finance, Financial Letter
Research; Referee for AER, JF, JPE, RFS, JFE, JFQA, JFI, EER, JB, EJ, JCE,
etc Member of Western
Finance Association Program Committee since 2003 Member of European
Finance Association Program Committee, 2003-2005, and Econometric Society
Program Committee, 2003 Fellowships European
Economic Association Council, Member since 2007 European
Economic Association Fellow European
Central Bank, ECB Research Network Member, Steering Committee NETSPAR
Research Fellow Fellow,
Financial Economics Program and IEP Program, CEPR, since 1996 Senior
Research Fellow, Tinbergen Institute Member
of NBER Entrepreneurship Research Group, 2003- Prizes Lopez
de la Vega Prize for best paper on European Stock Exchanges, 2002 Fellow,
Personal Information Italian
citizen, born in |
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