Paola Sapienza
[On Leave the Academic Year 2024-2025 at Hoover Institution, Stanford]
Paola Sapienza is the Donald C. Clark/HSBC Chair in Consumer Finance Professor at the Kellogg School of Management. She is also a faculty research fellow at the National Bureau of Economic Research, a research affiliate of the Center for Economic Policy Research, and a Fellow of the European Corporate Governance Institute (ECGI).
Sapienza’s main research focuses on the impact of cultural norms on economic decisions and outcomes. She applies these concepts to financial development, political economy, and education. Her work in financial economics shed light on the interactions between trust, social capital, and civic capital and how these cultural attitudes impact financial and economic development. Her work in education investigates how vertical and horizontal cultural transmission of preferences may affect educational outcomes. Her work has been published in such journals as the American Economic Review, the Quarterly Journal of Economics, the Journal of Finance, the Journal of Financial Economics, and Science. She has been featured in the Thompson Reuter/Clarivate list of most influential scientific minds in 2014, 2015, 2016, and 2018. Professor Sapienza is currently a co-editor of the Journal of Finance: Insights and Perspectives.
She received a bachelor's degree in economics from Bocconi University and a Ph.D. in Economics from Harvard University.
- Financial development
- financial institutions
- political economy
- behavioral economics
- Corporate Finance Private Equity and Venture Capital
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PhD, 1998, Economics, Harvard University
MA, 1993, Economics, Harvard University
Bachelor in Economics (Laurea), 1989, Economics, Bocconi University, Summa Cum Laude -
Professor, Finance, Kellogg School of Management, Northwestern University, 2009-present
Faculty Affiliate, International Organizations & International Law (IO/IL) Working Group, Buffett Center for International and Comparative Studies, Northwestern University, 2008-present
Research Fellow, Centre for Economic Policy Research, 2007-present
Research Associate, National Bureau of Economic Research, 2007-present
Faculty Fellow, Zell Center for Risk Research, Northwestern University, 2006-present
Faculty Affiliate, Roberta Buffett Center for International and Comparative Studies, Northwestern University, 2001-present
Faculty Fellow, Center for International Economics and Development, Northwestern University, 2000-present
Visiting Fellow, GSB Initiative on Global Markets, University of Chicago, 2009
Ford Visiting Associate Professor, Finance, Booth School of Business, University of Chicago, 2008-2009
Associate Professor, Finance, Kellogg School of Management, Northwestern University, 2006-2009
Faculty Research Fellow, National Bureau of Economic Research, 1999-2007
Research Affiliate, Centre for Economic Policy Research, 1998-2007
Assistant Professor, Finance, Kellogg School of Management, Northwestern University, 1998-2006 -
Hoover Institute Senior Fellow (Adjunct), Hoover Institution, Stanford University, 1 year
UCLA Anderson Distinguished Visitor, UCLA Anderson School of Management, 2 months
Appointed Fellow of the European Corporate Governance Institute (ECGI), European Corporate Governance Institute (ECGI), permanent
2020 Russel Sage Presidential Award for Diversity in School: Immigrants and the Educational Performance of US-born Students", Russell Sage Foundation, 2020-2022
2018 Hicks-Tinbergen Award
Please link the prize motivations: https://www.eeassoc.org/index.php?page=26, The European Economic Association
2018 Highly Cited Researchers by Clarivate Analytics Web of Science
https://hcr.clarivate.com/, Web of Science
Thompson Reuter/Clarivate list of the Most Influential Scientific Minds, 2014, 2015, 2016, 2014, 2015, 2016 consecutive years
Elected Director of the American Finance Association, American Finance Association, 2012-2014
Smith Breeden Distinguished Paper Award, Journal of Finance, 2009 -
Associate Editor, Journal of Finance, 2012-2015
Associate Editor, Management of Science, 2009-2013
Associate Editor, Journal of Economic Perspectives, 2005-2008
