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Francesca Cornelli

Professor of Finance; Faculty Advisor for the MiF, MiM and Sloan Programmes

  • BA (Bocconi), PhD (Harvard)

Professor Francesca Cornelli heads the finance department at London Business School and is the Director of the Coller Institute of Private Equity. Her research interests include corporate governance, private equity, privatisation, bankruptcy, initial public offerings and innovation policy. She has held positions, or taught, at Wharton, the Fuqua School of Business at Duke University, The London School of Economics, the Indian School of Business in Hyderabad and the New Economic School in Moscow.

She has published several papers in the leading finance and economics journals and she gives regular talks at major conferences and universities. She is an editor of The Review of Financial Studies and of Private Equity Findings.

She has been an associate editor of the Journal of Finance (2003-2012) of the Journal of Financial Intermediation (2007-2014) and a member of the board of editors of The Review of Economic Studies (1998-2007).

Professor Cornelli is a Research Fellow of the Center for Economic and Policy Research (CEPR)  and a member of the Scientific Committee of the Banque de France Foundation. She is a member of the board of directors of the American Finance Association. She is also a member of the boards of Telecom Italia, COFIDE spa, Swiss Re International and Swiss Re Europe, and of the European School of Management and Technology Academic Board.

She has been a member of the Council of the European Economic Association and the Council of the Royal Economic Society. She has carried out work for the European Bank of Reconstruction and Development, for the UK Department for International Development, and the Irish Financial Authority.

2014

The economics of donations and enlightened self-interest

Cornelli F; Buraschi A

European Financial Management

2013

Monitoring Managers: Does it Matter?

Cornelli F

Journal of Finance

Fundraising for the Arts: The Many Forms of Enlightened Self-interest

Buraschi A; Cornelli F

European Financial Management

2012

How to Sell a (Bankrupt) Company

Cornelli F; Felli L

International Review of Finance

2006

Investor sentiment and pre-IPOs markets

Cornelli F; Goldreich D; Ljungqvist A

Journal of Finance

Private Equity

Cornelli F; Kominek Z

Private equity

Cornelli F; Kominek Z; Robeck K

2003

Bookbuilding: how informative is the order book?

Cornelli F; Goldreich D

Journal of Finance

Stage financing and the role of convertible securites

Cornelli F; Yosha O

Review of Economic Studies

2002

Risk arbitrage in takeovers

Cornelli F; Li D D

Review of Financial Studies

2001

Bookbuilding and strategic allocation

Cornelli F; Goldreich D

Journal of Finance

1999

Patent renewals and R & D incentives

Cornelli F; Schankerman M

Rand Journal of Economics

1997

Large shareholders, control benefits and optimal schemes for privatization

Cornelli F; Li D D

Rand Journal of Economics

Ex-ante efficiency of bankruptcy procedures

Cornelli F; Felli L

European Economic Review

1996

Optimal selling procedures with fixed costs

Cornelli F

Journal of Economic Theory

E126 Elective Course in Private Equity and Venture Capital AUT14


E485 Elective Course in Distressed Investing SPR15 


MBA Global Business Experiences and MiF London Finance Experience trips.

Research Interests

Corporate finance, industrial economics, and transition economics.