National Bureau of Economic Research; SKEMA Business School
3200
Selected Publications
Journal Articles
P. Bordalo, Nicola Gennaioli, Florencio Lopez-de-Silanes, Simon Schröder, A. Shleifer, M. V. van Rooij (2026). The Psychology of Macroeconomic Expectations. Social Science Research Network.DOI
Marco Ghitti, Florencio Lopez-de-Silanes, Rafael Matta (2025). Creditor Rights, Bank-Borrower Relationships and Bank Power. Management Science.DOI
Marco Ghitti, Gianfranco Gianfrate, Florencio Lopez-de-Silanes, Marco Spinelli (2025). [Review] What's in a shade? The market relevance of green bonds' external reviews. British Accounting Review, Vol. 57, No. 5.DOI
Florencio Lopez-de-Silanes, Joseph A. McCahery, Paul C. Pudschedl (2024). Institutional Investors and ESG Preferences. Corporate Governance-An International Review, Vol. 320, No. 60.DOI
David Blanco-Alcantara, Jorge Gallud Cano, Florencio Lopez-de-Silanes (2024). Determinants of the use of European Structural and Investment Funds. European Journal Of Finance, Vol. 300, No. 4.DOI
Reiner Braun, Borja Fernández Tamayo, Florencio Lopez-de-Silanes, Ludovic Phalippou, N. Sigrist (2023). Limited Partners versus Unlimited Machines; Artificial Intelligence and the Performance of Private Equity Funds. Social Science Research Network.DOI
Nicola Gennaioli, Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer (2022). Trust and Insurance Contracts. Review Of Financial Studies, Vol. 350, No. 12.DOI
Erasmo Giambona, Florencio Lopez-de-Silanes, Rafael Matta (2022). Stiffing the creditor: Asset verifiability and bankruptcy. Journal Of Financial Intermediation, Vol. 52.DOI
O. Guedhami, S. Johan, Florencio Lopez-de-Silanes, S. Terjesen (2022). Challenges for corporate governance at the national and firm levels. Corporate Governance: An International Review.DOI
Javier Gómez Biscarri, Florencio Lopez-de-Silanes, Germán López-Espinosa (2022). The (Earnings) Management of Deposit Growth. Social Science Research Network.DOI
Florencio Lopez-de-Silanes, J. McCahery, Paul C. Pudschedl (2022). Corporate Governance and value preservation: the effect of the FinCEN leak on banks. Social Science Research Network.DOI
A. Buchner, Florencio Lopez-de-Silanes, Armin Schwienbacher (2022). Private Equity Debt Funds: Who Wins, Who Loses? Social Science Research Network.DOI
Helen Bollaert, Florencio Lopez-de-Silanes, Armin Schwienbacher (2021). [Review] Fintech and access to finance. Journal Of Corporate Finance, Vol. 68.DOI
Erasmo Giambona, Joseph Golec, Florencio Lopez-de-Silanes (2021). Do Firms Purposefully Change Capital Structure? Evidence from an Investment-Opportunity Shock to Drug Firms. Journal Of Financial And Quantitative Analysis, Vol. 560, No. 3.DOI
Douglas Cumming, Florencio Lopez-de-Silanes, Joseph A. McCahery, Armin Schwienbacher (2020). Tranching in the syndicated loan market around the world. Journal Of International Business Studies, Vol. 510, No. 10.DOI
M. Ghitti, Florencio Lopez-de-Silanes, Rafael Matta (2020). Banks' Reactions to Creditor Rights Changes. Social Science Research Network.DOI
Ronald J. Gilson, R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer, R. Vishny (2020). Controlling Family Shareholders in Developing Countries: Anchoring Relational Exchange.
Florencio Lopez-de-Silanes, Joseph A. McCahery, Paul C. Pudschedl (2019). ESG Performance and Disclosure: A Cross-Country Analysis. Social Science Research Network.DOI
Simon H. Johnson, R. la Porta, Florencio Lopez-de-Silanes, Andrei Shleifer (2018). Tunneling. The Semiclassical Way to Dynamics and Spectroscopy.DOI
Florencio Lopez-de-Silanes, J. McCahery, D. Schoenmaker, Dragana Stanišić (2018). Estimating the Financing Gap of Small and Medium-Sized Enterprises.DOI
Florencio Lopez-de-Silanes, Ludovic Phalippou, Oliver Gottschalg (2015). Giants at the Gate: Investment Returns and Diseconomies of Scale in Private Equity. Journal Of Financial And Quantitative Analysis, Vol. 500, No. 3.DOI
Alberto Chong, Florencio Lopez-de-Silanes (2015). Money laundering and its regulation. Economics & Politics, Vol. 270, No. 10.DOI
Ross Levine, Chen Lin, Wensi Xie, Franklin Allen, Thorsten Beck, Daniel Berkowitz, C. Doidge, Erik Gilje, Itay Goldstein, Todd Gormley, Gary B. Gorton, Jun-koo Kang, Florencio Lopez-de-Silanes, Michelle Lowry, Yona Rubinstein, Luke Taylor, S. Titman (2015). NBER WORKING PAPER SERIES SPARE TIRE? STOCK MARKETS, BANKING CRISES, AND ECONOMIC RECOVERIES.
Nicola Gennaioli, Rafael La Porta, Florencio Lopez De Silanes, Andrei Shleifer (2014). Growth in regions. Journal Of Economic Growth, Vol. 190, No. 3.DOI
Alberto Chong, Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer (2014). Letter grading government efficiency. Journal Of The European Economic Association, Vol. 120, No. 2.DOI
Florencio Lopez-de-Silanes, K. Ruengsrichaiya, Max Berre (2014). Mutual Funds Governance around the World.
Markus Glaser, Florencio Lopez-de-Silanes, Zacharias Sautner (2013). Opening the Black Box: Internal Capital Markets and Managerial Power. Journal Of Finance, Vol. 680, No. 4.DOI
Nicola Gennaioli, Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer (2013). HUMAN CAPITAL AND REGIONAL DEVELOPMENT. Quarterly Journal Of Economics, Vol. 1280, No. 1.DOI
E. Giambona, Florencio Lopez-de-Silanes, Rafael Matta (2013). Improved Creditor Protection and Verifiability in the U.S.
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer (2013). Law and Finance After a Decade of Research.DOI
M. Woodford, Jean Boivin, S. Cecchetti, V. Cúrdia, Stefan Ingves, J. Landau, Florencio Lopez-de-Silanes, R. Mishkin, B. Mojon (2012). NBER WORKING PAPER SERIES INFLATION TARGETING AND FINANCIAL STABILITY.
Alberto Chong, Jorge Guillen, Florencio Lopez-de-Silanes (2011). Privatization and labor policies. Journal Of Public Economics, Vol. 950, No. 910.DOI
A. Chatterjee, R. la Porta, Florencio Lopez-de-Silanes (2011). Financial Systems of 'Colonial States': The Case of India.
D. Acemoğlu, Simon H. Johnson, Florencio Lopez-de-Silanes, Todd Mitton (2011). Digitized by the Internet Archive in 2011 with Funding from Working Paper Series Unbundling Institutions Unbundling Institutions*.
Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer (2010). Disclosure by Politicians. American Economic Journal-Applied Economics, Vol. 2, No. 2.DOI
Alberto Chong, Felipe Herrera, Matteo Bobba, Cecilia A. Calderón, Juan-José Díaz, V. Galdo, Norman Loayza, Florencio Lopez-de-Silanes, Phil Keefer, Gianmarco León, U. Panizza, A. Rodríguez-Clare, M. Rama, Dani Rodrik, A. Shleifer, John D. Smith, L. Zanforlin (2010). Does It Matter How People Speak ?
Florencio Lopez-de-Silanes, A. Shleifer, R. Vishny (2010). Legal Origins , Investor Protection , and Canada.
Aron Balas, Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer (2009). The Divergence of Legal Procedures. American Economic Journal-Economic Policy, Vol. 1, No. 2.DOI
Alberto Chong, Jorge Guillen, Florencio Lopez-de-Silanes (2009). RETRACTED: Corporate governance reform and firm value in Mexico: an empirical assessment (Retracted Article). Journal Of Economic Policy Reform, Vol. 120, No. 30.DOI
Rafael La Porta, Florencio Lopez-De-Silanes, Andrei Shleifer (2008). [Review] The economic consequences of legal origins. Journal Of Economic Literature, Vol. 46, No. 2.DOI
Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer (2008). The law and economics of self-dealing. Journal Of Financial Economics, Vol. 880, No. 3.DOI
Florencio Lopez-de-Silanes, Ludovic Phalippou (2008). Private Equity Investments : Performance and Diseconomies of Scale.
Florencio Lopez-de-Silanes (2008). Turning the Key to Credit: Credit Access and Credit Institutions.DOI
A. Metrick, Ayako Yasuda, Andy Abel, Stan Baiman, Ben Berenstein, Tony Berrada, Susan J. Chaplinsky, John E. Core, Frank Diebold, Bernard Dumas, Paul A. Gompers, Gary B. Gorton, Bob Holthausen, S. Kaplan, Gwyneth Ketterer, Josh Lerner, Steve Lipman, Florencio Lopez-de-Silanes, Pedro Matos, Richard Metrick, Stewart C. Myers, Mitchell A. Petersen, Ludovic Phalippou, N. R. Prabhala, William Sahlman, A. Schoar, Cathy Schrand, Chester S. Spatt, Rob Stambaugh, Masako Ueda, Fei-Huang Fang, Darien Huang, Jen-Fu Lee (2007). The Economics of Private Equity Funds.
Alberto Chong, Florencio Lopez-de-Silanes (2007). Investor Protection and Corporate Governance: Firm-level Evidence Across Latin America.
Alberto Chong, Florencio Lopez-de-Silanes (2007). Corporate Governance in Latin America.DOI
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer (2006). What Works in Securities Laws.DOI
Alberto E. Chong, Florencio López‐de‐Silanes (2006). Corporate Governance and Firm Value in Mexico.DOI
R. la Porta, Florencio Lopez-de-Silanes, Andrei Shleifer(2005). Корпоративная собственность в различных странах мира.
Florencio Lopez-de-Silanes (2005). Overview of Current Research.DOI
M. Kiguel, E. L. Yeyati, Arturo J. Galindo, U. Panizza, Margaret J. Miller, L. Rojas-Suárez, R. Bebczuk, Florencio Lopez-de-Silanes, O. Bernal, P. Auerbach, Alberto Chong, Carolina Mandalaoui, A. Izquierdo, H. Kamil, Edgardo C. Demaestri, A. Loboguerrero, Kevin Cowan, A. Rodríguez-Clare, L. Fergusson, Alejandro Micco, A. Powell, Gustavo A. Suarez, E. Lora, E. Stein, Rogério Studart (2005). Unlocking Credit: The Quest for Deep and Stable Bank Lending.
Florencio Lopez-de-Silanes (2004). A survey of securities laws and enforcement.DOI
Alberto Chong, Florencio Lopez-de-Silanes (2004). Privatization in Latin America: What Does the Evidence Say?DOI
Alberto Chong, Florencio Lopez-de-Silanes (2004). Privatization in Mexico.DOI
Kee-Hong Bae, V. Goyal, Kalok Chan, Florencio Lopez-de-Silanes, Vojislav Maksimovic, Darius Miller, Kwangwoo Park, Gordon M. Phillips, René M. Stulz (2004). Property Rights Protection and Bank Loan Pricing.
Juan Carlos Botero, Simeon Djankov, R. L. Porta, Florencio López‐de‐Silanes, Andrei Shleifer (2004). The Regulation of Labor. The Quarterly Journal of Economics.DOI
Simeon Djankov, R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer (2003). Courts: the Lex Mundi Project.DOI
R. la Porta, Florencio Lopez-de-Silanes, Cristian Pop-Eleches, A. Shleifer (2003). Judicial Checks and Balances. Journal of Political Economy.DOI
K. J. Martijn Cremers, Vinay B. Nair, William T. Allen, Arturo Bris, Stephen V. Brown, Judy Chevalier, Robert M. Daines, Robert Engle, Kose John, Florencio Lopez-de-Silanes, Anthony Lynch, Eli Ofek, L. Qiu, Ivo Welch, Robert F. Whitelaw, Daniel Wolfenzon, J. Wurgler (2003). Governance Mechanisms and Equity Prices 1.
A. Volokh, K. Gwilliam, Ajay Kumar, George R. G. Clarke, S. Sánchez, Robert J. Cull, María Soledad Martínez Pería, Florencio Lopez-de-Silanes, Jan Kleinheisterkamp, Mark D. West, Yoram Keinan, Katharina Pistor, R. la Porta, J. Botero, A. Shleifer, P. Montiel (2003). The World Bank Research Observer 18 (1), March 2003.DOI
Simeon Djankov, E. Glaeser, R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer (2003). We Are Grateful to the New Comparative Economics 1.
Alberto Chong, Florencio Lopez-de-Silanes (2003). The Truth About Privatization in Latin America.DOI
Anup Agrawal, Sahiba Chadha, G. Benston, Matt Billett, Richard Boylan, Mark A. Chen, J. England, J. Jaffe, C. Knoeber, Sudha Krishnaswami, Scott Lee, Florencio Lopez-de-Silanes, N. Prabhala, Yi-Ming Qian, David Reeb, Roberta Romano, P. K. Sen, M. Stone, Anand M. Vijh (2003). Corporate Governance and Accounting Scandals.
Simeon Djankov, Edward L. Glaeser, Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer (2003). The New Comparative Economics. National Bureau of Economic Research.DOI
Alberto Chong, Florencio Lopez-de-Silanes (2002). Privatization and Labor Force Restructuring around the World.DOI
Florencio Lopez-de-Silanes (2002). Corporate Standards and Disclosure Around the World: What works?
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer, R. Vishny (2002). Investor Protection and Corporate Valuation.DOI
Florencio Lopez-de-Silanes (2002). The Politics of Legal Reform.DOI
R. la Porta, Florencio Lopez-de-Silanes, Guillermo Zamarripa (2002). Related Lending.DOI
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer (2002). The new comparative economics: a first look.
Florencio Lopez-de-Silanes (2002). NAFTA AND MEXICO’S REFORMS ON INVESTOR PROTECTION.
Kai Li, Cam Harvey, David Ng, Marco Pagano, Otto Randl, Gregory H. Bauer, Sugato Chakravarty, B. Dumas, Seán Finucane, Adlai J. Fisher, P. Halpern, Rob Heinkel, Burton Hollifield, Andrew Karolyi, G. Koop, M. Levi, Florencio Lopez-de-Silanes, W. Megginson, Sergei Sarkissian, Lorne N. Switzer, Jun Wu, Yang-Ru Wu (2002). The Growth of Global Equity Markets : A Closer Look Abstract.
Simon H. Johnson, R. la Porta, Florencio Lopez-de-Silanes, Andrei Shleifer (2000). Tunnelling.DOI
Simon H. Johnson, R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer (2000). Tunneling The Harvard community has made this article openly available. Please share how this access benefits you. Your story matters.
R. la Porta, Florencio Lopez-de-Silanes, Guillermo Zamarripa (2000). Soft Lending and Hard Landing : Related Lending in Mexico . November 27 , 2000.
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer (2000). Government Ownership Of Banks.DOI
L. Porta, Florencio Lopez-de-Silanes, A. Shleifer, R. Vishny (2000). Investor Protection and Corporate Governance.DOI
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer, R. Vishny (1999). Investor Protection: Origins, Consequences, and Reform.DOI
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer, R. Vishny (1999). We Are Grateful To.
Simeon Djankov, R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer (1999). The Regulation of Entry.DOI
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer, R. Vishny (1999). The quality of government.DOI
R. La Porta, Florencio López‐de‐Silanes (1999). The Benefits of Privatization: Evidence from Mexico. The Quarterly Journal of Economics.DOI
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer, R. Vishny (1998). Law and Finance. Journal of Political Economy.DOI
O. Hart, R. La Porta Drago, Florencio Lopez-de-Silanes, J. More (1998). Proposal for a new bankruptcy procedure in emerging markets.DOI
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer, R. Vishny (1997). Which Countries Give Investors the Best Protection?DOI
Florencio Lopez-de-Silanes (1997). What Factors Determine Auction Prices in Privatization?DOI
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer (1997). Why do Italian companies rarely go public ? Why Which Countries Give Investors the Best Protection ?
Florencio López‐de‐Silanes, Andrei Shleifer, Robert W. Vishny (1997). Privatization in the United States. The RAND Journal of Economics.DOI
Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer, Robert W. Vishny (1997). Legal Determinants of External Finance. The Journal of Finance.DOI
Oliver Hart, Rafael La Porta, Florencio López‐de‐Silanes, John Hardman Moore (1997). A new bankruptcy procedure that uses multiple auctions. European Economic Review.DOI
Florencio Lopez-de-Silanes, J. Markusen, T. Rutherford (1996). Trade policy subtleties with multinational firms.DOI
Florencio Lopez-de-Silanes (1996). Determinants of Privatization Prices.DOI
Oliver Hart, R. La Porta Drago, Florencio Lopez-de-Silanes, John Moore (1996). A New Bankruptcy Procedure that Uses Multiple Auctions - (Now published in 'European Economics Review', vol.41(3/5), 1997, pp.461-473.).
Florencio López‐de‐Silanes, Guillermo Zamarripa (1995). Desregulación y Privatización de la Banca Comercial. Revista de análisis económico.
Florencio Lopez-de-Silanes, J. Markusen, T. Rutherford (1994). Modeling trade policy: The Auto Industry and the North American Free Trade Agreement.DOI
Olivier Blanchard, Florencio Lopez-de-Silanes, A. Shleifer (1994). What Do Firms Do with Cash Windfalls.DOI
Florencio Lopez-de-Silanes, J. Markusen, T. Rutherford (1994). Complementarity and increasing returns in intermediate inputs.DOI
Steven Berry, Vittorio Grilli, Florencio López‐de‐Silanes (1992). The Automobile Industry and The Mexico-Us Free Trade Agreement. National Bureau of Economic Research.DOI
Artem Durnev, Han Kim, Fred M. Taylor, S. Bhattacharyya, Serdar Dinç, Mara Faccio, Daniel Ferreira, Michael E. Fuerst, Kathleen P. Fuller, Richard K. Green, Charles J. Hadlock, Simon H. Johnson, Elena Kim, Woochan Kim, R. la Porta, Florencio Lopez-de-Silanes, Vojislav Maksimovic, John Mcconnell, Todd Mitton, M. Narayanan, Andrei Shleifer, David Smith, Daniel Wolfenzon, B. Yeung. To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation We Are Grateful for Helpful Comments and Suggestions.
H. A. Mairal, L. Porta, Florencio Lopez-de-Silanes, A. Shleifer, R. Vishny. ARE LEGAL FAMILIES DETERMINANT OF INVESTORS’ PROTECTION FROM GOVERNMENT MISTREATMENT?
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer. Challenges and Opportunities for the Indonesian Securities Takeover Regulations: A Comparative Legal Analysis.
R. Braun, Borja Fernandez Tamayo, Florencio Lopez-de-Silanes, Ludovic Phalippou, N. Sigrist. Selecting Private Equity Funds Using Machine Learning.
R. la Porta, Florencio Lopez-de-Silanes, A. Shleifer, D. Berkowitz, Olivier Blanchard, Simeon Djankov, Nicola Gennaioli, Roger H. Gordon, Oliver Hart, Katharina Pistor. Edhec Risk and Asset Management Research Centre 393-400 Promenade Des Anglais 06202 Nice Cedex 3 the Economic Consequences of Legal Origins.
Artem Durnev, Han Kim, Fred M. Taylor, Michael E. Fuerst, Woochan Kim, Vojislav Maksimovic, Florencio Lopez-de-Silanes, Andrei Shleifer, David Smith, Daniel Wolfenzon, B. Yeung. To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation Gel Classification: G3 (corporate Finance and Governance), K2 (regulation and Business Law) We Are Grateful for Helpful Comments/suggestions By.
Preprints
Helen Bollaert, Florencio López‐de‐Silanes, Shema Frédéric Mitali (2026). Informational Differences in Tender Offers. SSRN Electronic Journal.DOI
Borja Fernández Tamayo, Reiner Braun, Florencio López‐de‐Silanes, Ludovic Phalippou, Natalia Sigrist (2025). Would I lie to you? On Private Equity Intermediary Performance Reports. SSRN Electronic Journal.DOI
Casimir Carl, Peter Limbach, Florencio López‐de‐Silanes (2025). Corporate Income Taxes and Payout Policy: Evidence from U.S. State-Level Tax Changes. SSRN Electronic Journal.DOI
Kris Boudt, Florencio López‐de‐Silanes, Rafael Almeida da Matta, Shilin Zhang (2025). Pro-Debtor Bias, Court Shopping, and Bankruptcy Outcomes. SSRN Electronic Journal.DOI
Douglas J. Cumming, Florencio López‐de‐Silanes, Joseph A. McCahery, Armin Schwienbacher (2011). Tranching in the Syndicated Loan Market around the World. SSRN Electronic Journal.DOI
Edward L. Glaeser, Rafael La Porta, Florencio López de Silanes, Andrei Shleifer (2004). Do Institutions Cause Growth? SSRN Electronic Journal.DOI
Rafael La Porta, Florencio López de Silanes, Cristian Pop-Eleches, Andrei Shleifer (2002). The Guarantees of Freedom. SSRN Electronic Journal.DOI
Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer (1998). Corporate Ownership Around the World. SSRN Electronic Journal.DOI
Florencio López de Silanes, Andrei Shleifer, Robert W. Vishny (1998). Agency Problems and Dividend Policies Around the World. SSRN Electronic Journal.DOI
Rafael La Porta, Florencio López de Silanes, Andrei Shleifer, Robert W. Vishny (1996). Law and Finance. SSRN Electronic Journal.
Book Chapters
David Blanco‐Alcántara, Andrea Cámara Payno, Jorge Gallud Cano, Florencio López‐de‐Silanes (2022). An Analysis of the Efficiency of European Funds. Palgrave Macmillan studies in banking and financial institutions.DOI