290:. In large boards where large shareholders reside, Cornelli, Kominek and Ljungqvist discern whether if shareholders who monitor and actively engage in their business help with performance. If performance is poor, how do shareholders make the decision of whether or not to fire the CEO. Findings show that “soft” (i.e. non-verifiable) data supports shareholders decisions when firing a CEO rather than a “hard” data (i.e. verifiable). Research was based on 473 private sector firms in Central and Eastern Europe and Central Asia.
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Cornelli co-authored this article with Andrea
Buraschi to look into donations and fundraising campaigns. After findings and research, according to Cornelli and Buraschi they concluded that how the donations were going to be used, access to private events, and being in a ‘network of donors’ motivates
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Co-authored with
Leonardo Felli, they suggest an efficient way to sell a company in order to maximize proceeds from sales. Cornelli and Felli mentions that although companies can be sold through a completion of a stock exchange or through an initial public offering (IPO), there are other possible
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Furthermore, Cornelli is a
Research Fellow of the Center for Economic and Policy Research (CEPR), a European Corporate Governance Institute (ECGI) Research Fellow and a director of the Society of Financial Intermediation. She has been a member of the Council of the
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The
Capital Structure of Firms in Central and Eastern Europe (joint with Richard Portes and Mark Schaer), in Dierent Paths to a Market Economy: China and European Economies in Transition O. Bouin, F. Coricelli and F. Lemoine (eds.), 1998,
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Corporate
Governance and Private Equity: do LBOs have better boards? (joint with Oguzhan Karakas), in "Globalization of Alternative Investments", World Economic Forum Working paper, The Global Economic Impact of Private Equity Report
242:
Aside from her current positions, Cornelli is an editor of the Review of
Financial Studies, and previously was on the Board of Editors of The Review of Economic Studies and as an associate editor at the Journal of Finance.
421:
Privatization in
Eastern Europe: the sale of shares to foreign companies, in The Economics of Transformation: Theory and Practice in the New Market Economies, Alfred Schipke and Alan M. Taylor (eds.), Berlin: Springer,
176:(AFA) to help encourage and bring more women into the field of financial research. Prior to Kellogg School, Cornelli was a Professor of Finance, Director of Private Equity and Deputy Dean of Degree Education at the
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The Theory of
Bankruptcy and Mechanism Design (joint with L. Felli) in Crisis, What Crisis? Orderly Workouts for Sovereign Debtors, B. Eichengreen and R. Portes (eds.), London: CEPR, 1995.
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Large
Shareholders, Control Benets and Optimal Schemes for Privatization (joint with David D. Li), RAND Journal of Economics, 1997, vol. 28, No. 4, Winter, pp. 585–604.
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Fundraising for the Arts: The Many Forms of
Enlightened Self-interest (joint with Andrea Buraschi), European Financial Management, 2014, 20, pp. 1–32.
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Stage Financing and the Role of Convertible Securities (joint with Oved Yosha), The Review of Economic Studies, 2003, vol.70, No. 1, pp. 1–32.
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Investor Sentiment and Pre-IPOs Markets (joint with David Goldreich and Alexander Ljungqvist), The Journal of Finance, 2006, vol.61, pp 1187–1216.
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Book-building and Strategic Allocation (joint with D. Goldreich), The Journal of Finance, 2001, vol.56, No.6, December, pp. 2337–70.
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Bookbuilding: How Informative is the Order Book? (joint with David Goldreich), The Journal of Finance, 2003, vol. 58, pp. 1415–44.
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Ex-ante Eciency of Bankruptcy Procedures (joint with L. Felli), European Economic Review, 1997, vol.14, April, pp. 475–485.
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Risk Arbitrage in Takeovers (joint with David D. Li), The Review of Financial Studies, 2002, vol.15, No.3, pp. 837–68.
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How to Sell a (Bankrupt) Company (joint with L. Felli), International Review of Finance, 2012, 12, pp. 197–226.
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Optimal Selling Procedures with Fixed Costs, Journal of Economic Theory, 1996, vol.71, n.1, pp. 1–30.
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Buraschi, A., & Cornelli, F. (2014). "The Economics of Donations and Enlightened Self-Interest".
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Monitoring Managers: Does it Matter? (joint with Zbigniew Kominek and Alexander Ljungqvist),
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Patents Renewals and R&D Incentives (joint with Mark Schankerman), RAND Journal of
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222:, Indian School of Business in Hyderabad and the New Economic School in Moscow.
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Cornelli has held positions in various business schools; Wharton School of the
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Cornelli's term as Dean for Kellogg, where she also holds the position of
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168:(IPO) and innovation policy. Most notably, in 2016 she co-created the
294:"The Economics of Donations and Enlightened Self-interest" (2014)
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486:"Francesca Cornelli named dean of Kellogg School of Management"
441:"Francesca Cornelli named Dean of Kellogg School of Management"
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in Milan, Italy where she received her Bachelors of Economics,
469:"A Bocconi Alumna as New Dean of Kellogg School of Management"
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Economics, 1999, vol. 30, No. 2, Summer, pp. 197–213.
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149:(born September 19, 1962) is an economist who is Dean for
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Cornelli, F., Kominek, Z., & Ljungqvist, A. (2013).
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She is known for her research in corporate governance,
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Harvard Graduate School of Arts and Sciences alumni
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234:Chair of Finance, commenced on August 1, 2019.
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278:"Monitoring Managers: Does It Matter?" (2013)
665:: CS1 maint: multiple names: authors list (
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269:"How to Sell a (Bankrupt) Company" (2012)
338:by adding descriptive text and removing
282:Cornelli co-authored this article with
238:Additional affiliations and memberships
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585:"Monitoring Managers: Does It Matter?"
527:Cornelli, F., & Felli, L. (2012).
172:(AFFECT) which was established by the
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707:Italian women academics
455:"Francesca Cornelli CV"
340:less pertinent examples
166:initial public offering
151:Northwestern University
253:Royal Economic Society
178:London Business School
16:Italian-born economist
514:"Francesca Cornelli"
288:Alexander Ljungqvist
95:Corporate Governance
457:. 23 February 2022.
336:improve the article
722:Writers from Milan
717:Italian economists
604:10.1111/jofi.12004
592:Journal of Finance
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147:Francesca Cornelli
67:Harvard University
58:Bocconi University
39:September 19, 1962
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687:1962 births
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121:Institution
681:Categories
427:References
328:irrelevant
107:Bankruptcy
35:1962-09-19
653:154157427
324:excessive
184:Education
54:Education
556:45018653
330:examples
264:Articles
135:Website
48:, Italy
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202:Career
649:S2CID
588:(PDF)
552:S2CID
532:(PDF)
422:1993.
374:2008.
91:Field
62:BEcon
46:Milan
667:link
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286:and
29:Born
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