Krannert professor ranks first in finance research citations

Wednesday, January 19, 2022

A recent paper from researchers at the University of Oxford and the University of Technology Sydney has ranked Krannert professor Mara Faccio, Duke Realty Chair in Finance, as the No. 1 cited female scientist in academic finance.

The study, “The Inequality of Finance,” was co-authored by Ren´ee Adams and Jing Xu. It showed that Faccio authored or co-authored 25 papers in 2019 that were cited by 1,332 other publications. That ranks her as the most productive scholar in her field.

Faccio’s research interest is in international finance. Her work 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. received the JFE All Star Paper award as 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 shareholder diversification and corporate risk-taking" with Maria-Teresa Marchica and Roberto Mura was the Best Paper Runner Up for the BlackRock/Brennan Award. Her papers "Taxes and capital structure" and "Taxes, capital structure choices, and equity value," both with Jin Xu, each 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. Prior to joining the Krannert faculty in 2007, Faccio was a faculty member at Vanderbilt University, the University of Notre Dame, and Università Cattolica, Milan.