Tom and Patty Hefner Chair in Finance
Professor of Management
Ph.D. , Finance, Universita' Cattolica, 1999
MPhil; CUBS, London, 1997
Master; Universita' di Pavia, 1995
Bachelor in Economics; Universita' di Pavia, 1994
Mara Faccio's research interest is in international finance. Her research has appeared in a variety of academic journals including the American Economic Review, the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Journal of Accounting and Economics, the Journal of Corporate Finance, and Management Science.
Faccio's article "The ultimate ownership of western European corporations" (with Larry H. P. Lang) received the JFE All Star Paper award (it is the most cited paper in Volume 65 of the Journal of Financial Economics and the 15th most cited JFE paper of all time based on citations per year). Her paper "Political connections and corporate bailouts" (with John J. McConnell, and Ronald W. Masulis) was nominated for the Brattle Prize (which is awarded to the best corporate finance paper published in the Journal of Finance). Her paper "Large shareholderdiversification and corporate risk-taking" (with Maria-Teresa Marchica and Roberto Mura) was the Best Paper Runner Up for the BlackRock/Brennan Award (Review of Financial Studies). Her papers "Taxes and capital structure" and "Taxes, capital structure choices, and equity value" (both with Jin Xu) have both won the Sharpe Award for Best Paper in the Journal of Financial and Quantitative Analysis.
Faccio is a Research Associate of the National Bureau of Economic Research, a Senior Fellow of the Asian Bureau of Finance and Economics Research, and a Research Associate of the European Corporate Governance Institute. She is a Managing Editor of the Journal of Financial and Quantitative Analysis. She is the Tom and Patty Hefner Chair in Finance & Professor of Management (Finance) at Purdue University, Krannert School of Management. Prior to joining the Krannert faculty in 2007, Faccio was a faculty member at Vanderbilt University (2003-2007), the University of Notre Dame (2001-2003), and Università Cattolica, Milan (1999-2001). Faccio earned a Ph.D. in finance from Universita' Cattolica (Milan), an MPhil from City University Business School (London), and both a master's degree and a bachelor's degree from Universita' di Pavia (Italy). Faccio is an avid golfer and a big fan of Italian soccer team Juventus.