Fausto Panunzi

Full Professor
Knowledge groupEconomics, Politics and Decision Sciences
Research domainsEconomics

Biography

 Fausto Panunzi is Full Professor of Economics at Bocconi University, where he has been teaching since 2015. He earned his Ph.D. in Economics from the Massachusetts Institute of Technology (MIT), and previously held academic positions as Professor at the University of Bologna, Postdoctoral Research Fellow at IDEI Toulouse, and Visiting Lecturer at the Department of Economics, University College London.

His research interests lie in political economy, organizational economics, corporate governance, and contract theory. He is a Research Fellow at the CEPR (Centre for Economic Policy Research), the European Corporate Governance Institute, and the Innocenzo Gasparini Institute for Economic Research (IGIER).

He has published influential works on topics such as Legal Investment Protection and Takeovers, Inheritance Law and Investment in Family Firms, Tender Offers and Leverage, as well as studies on the effects of shareholder control and legal protection on market outcomes.

In teaching, he currently offers courses in Microeconomics (undergraduate), “Incentives Design and Policy,” and “The Modern Firm: Boundaries, Resources, and Responsibilities” for the 2025/2026 academic year. He has also taught Corporate Finance at the PhD level at the Università della Svizzera Italiana (Lugano).

He is the author of several working papers on economic shocks, populism, and reference-dependent preferences, and actively participates in international academic networks and conferences.

Recent Publications

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  • 2025
    Common Ownership, Competition, and Corporate Governance
    DENICOLÒ, V., F. PANUNZI, "Common Ownership, Competition, and Corporate Governance", Management Science, 2025, vol. 71, no. 5, pp. 3924-3943
  • 2024
    Economic Shocks and Populism
    PANUNZI, F., N. PAVONI, G. TABELLINI, "Economic Shocks and Populism", The Economic Journal, 2024, vol. 134, no. 663, pp. 3047-3061
  • 2020
    Internal financing, managerial compensation and multiple tasks
    BRUSCO, S., F. PANUNZI, "Internal financing, managerial compensation and multiple tasks", Annals of Finance, 2020, vol. 16, no. 4, pp. 501-527
  • 2014
    Legal Investor Protection and Takeovers
    BURKART, M., D. GROMB, H. M. MUELLER, F. PANUNZI, "Legal Investor Protection and Takeovers", Journal of Finance, 2014, vol. 69, no. 3, pp. 1129-1165
  • 2010
    Inheritance Law and Investment in Family Firms
    ELLUL, A., M. PAGANO, F. PANUNZI, "Inheritance Law and Investment in Family Firms", American Economic Review, 2010, vol. 100, no. 5, pp. 2414-2450
  • 2010
    Subprime e BP: due volti della crisi
    BORTOLOTTI, B., F. PANUNZI, "Subprime e BP: due volti della crisi", Equilibri, August 2010, no. 2, pp. 229-234
  • 2009
    Ripensare le regole della finanza
    BORTOLOTTI, B., F. PANUNZI, "Ripensare le regole della finanza", Equilibri, April 2009, no. 1, pp. 5-12
  • 2008
    Takeovers
    BURKART, M., F. PANUNZI, "Takeovers" in Handbook of European Financial Markets and Institutions., Xavier Freixas, Philipp Hartmann, Colin Mayer (Eds.), Oxford University Press, chap. 9, pp. 265-297, 2008
  • 2006
    Minority Blocks and Takeover Premia
    BURKART, M., D. GROMB, F. PANUNZI, "Minority Blocks and Takeover Premia", Journal of Institutional and Theoretical Economics (JITE), 2006, vol. 162, no. 1, pp. 32-49
  • 2006
    Agency conflicts, ownership concentration, and legal shareholder protection
    BURKART, M., F. PANUNZI, "Agency conflicts, ownership concentration, and legal shareholder protection", Journal of Financial Intermediation, 2006, vol. 15, no. 1, pp. 1-31

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