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Paolo Volpin, PhD

Academic Director-Gupta Governance Institute; Christopher and Mary Stratakis Professor in Corporate Governance and Accountability, Professor


Headshot of Paolo Volpin


Paolo Volpin is the Academic Director of the Gupta Governance Institute and the Stratakis Chair Professor in Corporate Governance and Accountability in the Department of Finance at LeBow College of Business. He joined Drexel in December 2021 from City, University of London. There, he held several leadership roles, serving as Head of the Faculty of Finance, Vice Dean, Interim Dean and Dean of the Business School. Previously, he had been for 13 years at the London Business School. He holds a PhD in Economics from Harvard University and a BA in Economics from Bocconi University.

Professor Volpin has published widely in the top academic journals: American Economic Review, Management Science, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Review of Finance, Journal of Financial and Quantitative Analysis, Journal of Economic Perspectives, the Journal of the European Economic Association, and other journals. His areas of expertise are corporate governance and mergers and acquisitions. His main contribution to the field has been to enrich the finance approach to corporate governance (typically focused on the management/shareholders relation) to include other stakeholders (employees, regulators, politicians, media, long-term controlling shareholders, short-term traders, creditors, pension funds and asset managers).

His work on the political determinants of corporate governance, the effect of regulation on M&A activity, the life cycle of family owned firms, and the tension between governance and industrial relations within firms has won several awards. He is currently studying the impact of mandatory financial disclosure on M&A activity and the effect of antitrust investigations on employment decisions.

Areas of Expertise

  • Corporate Governance
  • Capital Structure
  • Corporate Finance
  • Corporate Control and Mergers and Acquisitions
  • Board of Directors
  • Finance

Recent Media Mentions

Selected Works


Keswani, Aneel, Tran, Anh, and Volpin, Paolo, Institutional Debt Holder Governance. Journal of Financial and Quantitative Analysis 56 (Sep 2021):2103-53.

Clemens, Otto, and Volpin, Paolo, Marking to Market and Inefficient Investment Decisions. Management Science 64 (Aug 2018):3756-71.

Dessaint, Olivier, Golubov, Andrey, and Volpin, Paolo, Employment Protection and Takeovers. Journal of Financial Economics 125 (Aug 2017):369-88.

Acharya, Viral, Pagano, Marco, and Volpin, Paolo, Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent. Review of Financial Studies 29 (Oct 2016):2565-99.

Simintzi, Eleni, Vig, Vikrant, and Volpin, Paolo, Labor Protection and Leverage. Review of Financial Studies 28 (Feb 2015):561-91.