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About the Author(s)

Photo of Paola Sapienza

Paola Sapienza is a Research Associate in the NBER's Program on Corporate Finance and Political Economy and a professor of finance at Northwestern University's Kellogg School of Management. She joined the Kellogg School faculty in 1998 after receiving a Ph. D. in economics from Harvard University.

Sapienza holds a bachelor's degree in economics from Bocconi University in Italy, and has worked as an economist in the Bank of Italy's research department. Her areas of expertise include banking and financial institutions, behavioral economics, behavioral finance, corporate finance, emerging markets, and the regulation of financial markets, private equity, and venture capital.

Sapienza is a director of the American Finance Association and currently serves as an associate editor of Management Science. She lives in Evanston with her husband, Salvatore, and their two sons, Matteo and Carlo.

Photo of Luigi Zingales

Luigi G. Zingales is a Research Associate in the NBER's Programs on Corporate Finance and Political Economy and the Robert C. McCormack Professor of Entrepreneurship and Finance at the University of Chicago's Booth School of Management. He received a bachelor's degree in economics from Universita Bocconi in Italy in 1987 and a Ph.D. in economics from MIT in 1992. He joined the Chicago Booth faculty in 1992.

Zingales studies the theory of the firm, the relationship between organization and financing, and the decision to go public. He is also the co-developer of the Financial Trust Index, which is designed to monitor the level of trust that Americans have toward their financial system. His work has been published in the Journal of Financial Economics, the Journal of Finance, and the American Economic Review, and he is co-author, with NBER Research Associate Raghuram G. Rajan, of Saving Capitalism from Capitalists.

Zingales was born in Italy, a country with high inflation and unemployment which inspired his professional interests as an economist. In addition to teaching and researching, Zingales enjoys cooking and spending time with his children.


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