Jacopo Ponticelli

Jacopo Ponticelli joined Kellogg School of Management in 2017 as an Associate Professor of Finance. He is an applied economist who primarily studies corporate finance and development economics. His research interests include law and finance, financial development, and economic growth. His work has been published in the American Economic Review, the Quarterly Journal of Economics, and the Review of Financial Studies. Before joining Kellogg School of Management, he served as an Assistant Professor of Finance and Cohen and Keenoy Scholar at the University of Chicago Booth School of Business. Professor Ponticelli holds a PhD in Economics from the Universitat Pompeu Fabra (Spain).

Research Interests

• Corporate Finance
• Development Economics
• Applied Microeconomics

Education

• Doctor of Philosophy (PhD) Universitat Pompeu Fabra (2008 — 2013)
• MSc Universitat Pompeu Fabra (2007 — 2008)
• Laurea Specialistica Università Cattolica del Sacro Cuore (2003 — 2006)
• Erasmus Student Sciences Po (2005 — 2005)

Publications

• Agricultural Productivity and Structural Transformation: Evidence from Brazil (with Paula Bustos and Bruno Caprettini). American Economic Review, 106(6): 1320-1365, 2016
• Court Enforcement, Bank Loans and Firm Investment: Evidence from a Bankruptcy Reform in Brazil (with L. Alencar). Quarterly Journal of Economics, 131(3): 1365-1413, 2016
• Credit Allocation under Economic Stimulus: Evidence from China (with Will Cong, Haoyu Gao and Xiaogang Yang). Review of Financial Studies, 32(9): 3412–3460, 2019
• “Capital Accumulation and Structural Transformation” (with Paula Bustos and Gabriel Garber). Quarterly Journal of Economics, 135(2): 1037–1094, 2020
• Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2008 (with Joachim Voth). Journal of Comparative Economics, 48(1): 1-19, 2020
• Going Bankrupt in China (with Bo Li). Review of Finance, 2021
• Revealing Corruption: Firm and Worker Level Evidence from Brazil (with E. Colonnelli, S. Lagaras, M. Prem and M. Tsoutsoura), Journal of Financial Economics, 143 (3), 1097-1119
• Industrialization without Innovation (with Paula Bustos, Joan Monras, and Juan Manuel Castro Vincenzi) R&R, Review of Economic Studies
• The Labor Effects of Pro-Labor Bias in Bankruptcy: Evidence from Brazil (with Aloisio Araujo, Rafael Ferreira, Spyridon Lagaras, Flavio Moraes and Margarita Tsoutsoura) R&R, Review of Financial Studies
• Access to Information, Technology Adoption and Productivity: Large-scale Evidence from Agriculture in India (with Andrea Tesei and Apoorv Gupta)
• Household Credit as Stimulus? Evidence from Brazil (with Gabriel Garber, Atif Mian, and Amir Sufi)
• Eclipses and the Memory of Revolutions: Evidence from China (with Meng Miao and Yi Shao)