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Professor of Finance; Alexander M. Knaster Chair;Fellow of the British Academy
BA (Sheffield) MBA (Columbia) PhD (London)
Julian Franks is Professor of Finance at London Business School, and former Academic Director of London Business School’s Centre for Corporate Governance. An expert in corporate finance, his research focuses on bankruptcy and financial distress, corporate ownership and control, shareholder activism by both hedge funds and active asset managers, cost of capital and regulation. His work on ownership and control (with Colin Mayer and Stefano Rossi) has won two international prizes. Two of his other papers have won best paper awards by the Journal of Financial Intermediation. He has been an editor of the Journal of Law, Finance and Accounting, and an associate editor of various other finance journals. He has served as a member of the DTI–Treasury committee reviewing the UK’s insolvency code, as a member of the Company Law Review’s committees on corporate governance, and as a member of the Breedon committee on non-bank sources of finance. He has also been Visiting Professor at the University of California at both Berkeley and Los Angeles, and at the University of North Carolina at Chapel Hill.
Julian is currently an advisor to the Competition Market Authority. He has been an adviser to the Water Industry Commission for Scotland, a past member of the advisory board of ORR (the regulator for Network Rail), and was a member of an appeals panel for the New Zealand Commerce Commission. He has advised (with Professor Brealey) the Office of Constitutional Affairs on the issue of outside equity for law firms, and provided advice to a Treasury committee chaired by Paul Myners on a review of the governance of mutuals. He was an adviser to Ofcom for more than 15 years, and acted as an expert for them in three appeals to the Competition Authority. Julian is a partner at the consulting firm OXERA.
Winner of the Best Working Paper Competition sponsored by the ECGI for the paper entitled ‘Ownership, Evolution and Regulation’, joint with Colin Mayer and Stefano Rossi.
Winner of the Clinical Paper Competition sponsored by the Journal of Financial Economics and the ECGI for the paper entitled ‘Ownership, Evolution and Regulation’, joint with Colin Mayer and Stefano Rossi.
Winner of Best Paper Prize (2006) awarded by the Journal of Financial Intermediation, for the paper entitled ‘Financial Innovations and Corporate Insolvency’, 2005, joint with Oren Sussman.
strong>Winner of Best Paper Prize (2001) awarded by the Journal of Financial Intermediation, for the paper entitled ‘Who disciplines management of poorly performing companies’, 2001, joint with Colin Mayer and Luc Renneboog.
Nominated for the Best Research Paper Prize in 2005 by the Review of Finance (top 3 nominations) for ‘Financial distress and bank restructuring of small to medium size UK companies’, joint with Oren Sussman.
Award for "Best Teacher", Senior Executive Programme, 1989.
2022
Demiroglu C; Franks J; Lewis R
Journal of Finance 2022 Vol 77:2 p 1179-1218
2021
Franks J R; Serrano-Velarde N; Sussman O
Review of Financial Studies 2021 Vol 34:5 p 2318-2361
2020
Franks J
Oxford Review of Economic Policy 2020 Vol 36:2 p 258-274
2019
Becht M; Franks J; Grant J; Wagner H
Journal of Applied Corporate Finance 2019 Winter Vol 31:1 p 62-80
2017
Franks J; Mayer C
in Hermalin B & Weisbach, M (eds) The handbook of the economics of corporate governance, Elsevier, 2017
Becht M; Franks J; Grant J; Wagner H
Review of Financial Studies 2017 Vol 30:9 p 2933-2971
2015
Franks J; Mayer C; Wagner H
Journal of Applied Corporate Finance 2015 Vol 27:4 p 27-35
2014
Franks J; Loranth G
The Review of Finance 2014 Vol 18:3 p 961-997
Becht M; Franks J; Grant J
In Hill J, Thomas R & Elgar E (eds)., The Research Handbook in Shareholder Power, Edward Elgar Publishing, 2015. p. 116-128
Franks J; Mayer C; Miyajima H
Review of Financial Studies 2014 Vol 27:9 p 2580-2625
2012
Franks J; Mayer C; Volpin P; Wagner H
Review of Financial Studies 2012 Vol 25:6 p 1675-1712
2009
Brealey R; Franks J
Oxford Review of Economic Policy 2009 Vol 25:3 p 435-450
Franks J; Mayer C; Rossi S
Review of Financial Studies 2009 Vol 22:10 p 4009-4056
2008
Davydenko S; Franks J
Journal of Finance 2008 Vol 63:2 p 565-608
Becht M; Franks J; Mayer C; Rossi S
Review of Financial Studies 2008 Vol 22:8 p 3093-3129
2007
Acharya V; Franks J R; Servaes H
Journal of Applied Corporate Finance 2007 Fall Vol 19:4 p 1-10
2006
Franks J R; Mayer C; Wagner H
Review of Finance 2006 Vol 10:4 p 537-585
2005
Franks J R; Sussman O
Review of Finance 2005 Vol 9:1 p 65-96
Franks J; Sussman O
Journal of Financial Intermediation 2005 July Vol 14:3 p 283-317
2004
Franks J R; Mayer C; Rossi
in Morck R ed., History of corporate ownership: the rise and fall of great business families, NBER, 2004
2002
Franks J R; Torous W
in McCahery J et al. ed., Corporate governance regimes: convergence and diversity, Oxford University Press, 2002
Franks J R; Mayer C; Renneboog L
in McCahery J et al. ed., Corporate governance regimes: convergence and diversity, Oxford University Press, 2002
2001
Franks J; Mayer C
in Cosh A and Hughes A eds., Takeovers. Vol. 2, Dartmouth Publishing, 2001
Franks J R; Mayer C
Review of Financial Studies 2001 Winter Vol 14:4 p 943-977
Franks J R; Harris R; Mayer C
in Cosh A and Hughes A eds., Takeovers. Vol. 2, Dartmouth Publishing, 2001
Franks J R; Harris R
in Cosh A and Hughes A eds.,Takeovers. Vol. 2, Dartmouth Publishing, 2001
Franks J R; Mayer C; Renneboog L
Journal of Financial Intermediation 2001 Jul Vol 10:3/4 p 209-248
1999
Franks J R; Schaefer S M; Staunton M
in Swann E J ed., Issues in derivative instrument law, Kluwer Law International, 1999
1998
Franks J R; Mayer C
in Hopt K et al. eds., Comparative corporate governance: the state of the art and emerging research, Oxford University Press, 1998
Franks J R; Mayer C
Journal of Banking and Finance 1998 Oct Vol 22:10/11 p 1385-1403
Franks J R; Mayer C
in Newman P ed., New Palgrave dictionary of economics and the law. Vol. 2, Palgrave, 1998
Torous W N; Nyborg K G; Franks J R
in Bickerstaffe G ed., Mastering finance, p 411-418, Financial Times/Pitman, 1998
1997
Franks J R; Mayer C
Journal of Applied Corporate Finance 1997 Winter Vol 9:4 p 30-45
Franks J R; Mayer C
in Chew D H ed., Studies in international corporate finance and governance systems: a comparison of the US, Japan and Europe, Oxford University Press, 1997
Franks J R; Schaefer S M; Staunton M
Journal of Banking and Finance 1997 Dec Vol 21:11/12 p 1547-1572
Franks J R
in Bickerstaffe G ed., Mastering management, Financial Times/Pitman, 1997
Franks J R; Brennan M J
Journal of Financial Economics 1997 Sep Vol 45:3 p 391-413
1996
Franks J R; Nyborg K G; Torous W N
Financial Management 1996 Vol 25:1 p 19-30
Franks J R; Nyborg K G
Review of Financial Studies 1996 Vol 9:4 p 1165-1210
Franks J R; Mayer C
Business Strategy Review 1996 Winter Vol 7:4 p 1-6
Franks J R; Mayer C
Journal of Financial Economics 1996 Vol 40:1 p 163-181
Franks J R; Torous W N
in Bhandari J S and Weiss L A eds., Corporate bankruptcy: economic and legal perspectives, Cambridge University Press, 1996
Franks J R; Hodges S
in Peasnell K V and Brief R eds., Clean surplus: a link between accounting and finance, Garland Publishing, 1996
Brealey R A; Franks J R
Utility Finance 1996 May p 15-17
Franks J R; Nyborg K
Review of Financial Studies 1996 Autumn
1995
Franks J R; Schaefer S M
Journal of Applied Corporate Finance 1995 Spring Vol 8:1 p 70-77
Franks J R; Mayer C
in Siebert H and Mohr J C B eds., Trends in business organization: do participation and cooperation increase competitiveness?, Paull Siebeck, 1995
Franks J R
in Eichengreen B and Portes R eds., Crisis?: what crisis?: orderly workouts for sovereign debtors, Centre for Economic Policy Research, 1995
1994
Franks J R; Torous W N
Journal of Financial Economics 1994 Jun Vol 35:3 p 349-370
1993
Franks J R; Torous W N
Journal of Applied Corporate Finance 1993 Spring Vol 6:1 p 95-103
Franks J R; Mayer C
in Bishop M and Kay J A eds., European mergers and merger policy, Oxford University Press, 1993
Franks J R; Harris R
in Bishop M and Kay J A eds., European mergers and merger policy, Oxford University Press, 1993
1992
Betker B L; Franks J R; Torous W N
in Altman E ed., Corporate bankruptcy and distressed restructuring, p 391-400, Irwin, 1992
Franks J R; Torous W N
in Altman E ed., Corporate bankruptcy and distressed restructuring, Irwin, 1992
Franks J R; Torous W N
Oxford Review of Economic Policy 1992 Autumn Vol 8:3 p 70-82
Franks J R
in Beesley M E ed., Lectures on regulation 1991, London Business School Centre for Business Strategy, 1992
Franks J R; Harris R
in Kay J A and Fairburn J eds., Mergers and merger policy. 2nd ed., Oxford University Press, 1992
1991
Franks J R; Mayer C
in Fairburn J and Kay J A eds., Mergers and merger policy, Oxford University Press, 1991
Franks J R; Harris R; Titman S
Journal of Financial Economics 1991 Mar Vol 29:1 p 81-96
Franks J R; Schwartz E S
Economic Journal 1991 Nov Vol 101:409 p 1460-1475
Franks J R; Schwartz E S
in Hodges S ed., Options 2: recent advances in theory and practice, Manchester University Press, 1991
1990
Franks J R; Mayer C
Economic Policy 1990 Apr Vol 5:1 p 189-231
Franks J R; Mayer C
National Westminster Bank Review 1990 Aug p 69-86
1989
Franks J R; Torous W N
Journal of Finance 1989 Jul Vol 44:3 p 747-769
Franks J R; Harris R S
Journal of Financial Economics 1989 Aug Vol 23:2 p 225-249
1988
Franks J; Landskroner Y
Journal of Banking and Finance 1988 Vol 5 p 63-75
Franks J; Mayer C
in Auerbach A ed., Corporate takeovers: causes and consequences, University of Chicago Press 1988
Cooper I A; Franks J
in Stern J M and Chew D eds., New developments in international finance, Blackwell 1988
Franks J; Karki J P; Selby M J P
Journal of Industrial Economics 1988 Vol 37:1 p 47-65
1987
Franks J; Hodges S D
Journal of Finance 1987 Vol 42:4 p 987-1005
Cooper I A; Franks J
Midland Corporate Finance Journal 1987 Vol 4:4
1986
Franks J
in Broyles J E, Cooper I, Archer S eds., Financial management handbook, Gower Press, 1986
Franks J; Harris R S
Oxford Review of Economic Policy 1986 Vol 2:4 p 58-78
1983
Cooper I A; Franks J
Journal of Finance 1983 Vol 38:2 p 571-583
1982
Franks J; Pringle J J
Journal of Finance 1982 Vol 37:3 p 751-761
1979
Franks J; Hodges S D
National Westminister Bank Quarterly Review 1979 August p 20-31
1978
Franks J
Journal of Banking and Finance 1978 Vol 2:4 p 379-393
Franks J; Hodges S D
Journal of Finance 1978 Vol 33:2 p 657-669
1977
Franks J; Broyles J E; Hecht M J
Journal of Finance 1977 Vol 32:5 p 1513-1525
1976
Franks J; Broyles J E
Management Decision 1976 Vol 14:3 p 117-128
Franks J; Broyles J E
in West C ed., Inflation: a management guide to company survival, Associated Business Programmes, 1976
1974
Franks J; Bunton C; Broyles J E
Operational Research Quarterly 1974 Vol 25:4 p 573-858
Franks J; Miles R; Bagwell J
Journal of Business Finance and Accounting 1974 Vol 1:1 p 35-53
1972
Franks J; Scholefield H H
National Westminister Bank Quarterly Review 1972 February
2022
Franks J R; Seth G; Sussman O; Vig V
European Corporate Governance Institute - Finance Working Paper
2021
Franks J; Seth G; Sussman O; Vig V
Working Paper
Franks J; Seth G; Sussman O; Vig V
Working Paper
2020
Franks J; Sussman O; Vig V
IFA Working Paper
2019
Becht M; Franks J; Wagner H
European Corporate Governance Institute - Finance Working Paper
2016
Demiroglu C; Franks J; Lewis R
Social Sciences Research Network
2015
Becht M; Franks J; Grant J; Wagner H
Social Sciences Research Network
2012
Becht M; Franks J; Grant J
IFA Working Paper
2003
Franks J R; Mayer C; Correia da Silva L
Oxford University Press, 2003
2002
Franks J R; Mayer C; Correia da Silva L
Oxford University Press, 2002
1995
Franks J R; Schaefer S M; Staunton M
Corporation of London, 1995
1994
Franks J R; Schaefer S M
Corporation of London, 1994
1993
Franks J R; Schaefer S M
Corporation of London, 1993
1989
Franks J R; Mayer C
Oxford University Press, 1989
Our teaching offering is updated annually. Faculty and programme material are subject to change.