Emanuele Colonnelli
· Joseph L. Gidwitz Professor of Finance and EntrepreneurshipUniversity of Chicago · Finance
Active 2015–2025
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About
Emanuele Colonnelli is a professor of finance and entrepreneurship at the University of Chicago Booth School of Business. His research focuses on the intersection of finance, entrepreneurship, and development economics, with a particular interest in the role of financial institutions in promoting economic growth and reducing poverty in developing countries.
Research topics
- Political Science
- Economics
- Market economy
- Management
- Geography
- Law
- Business
- Economic geography
- Economy
Selected publications
Patronage and Selection in Public Sector Organizations
American Economic Review · 2020 · 257 citations
1st authorCorrespondingIn all modern bureaucracies, politicians retain some discretion in public employment decisions, which may lead to frictions in the selection process if political connections substitute for individual competence. Relying on detailed matched employer-employee data on the universe of public employees in Brazil over 1997–2014, and on a regression discontinuity design in close electoral races, we establish three main findings. First, political connections are a key and quantitatively large determinan…
Who creates new firms when local opportunities arise?
Journal of Financial Economics · 2021 · 59 citations
The Review of Economic Studies · 2023-05-26 · 21 citations
article1st authorCorrespondingAbstract We study how perceptions of corporate responsibility influence policy preferences and the effectiveness of corporate communication when agents have imperfect memory recall. Using a new large-scale survey of U.S. citizens on their support for corporate bailouts, we first establish that the public demands corporations to behave better within society, a sentiment we label “big business discontent.” Using random variation in the order of survey sections and in the exposure to animated video…
Polarizing Corporations: Does Talent Flow to "Good" Firms?
National Bureau of Economic Research · 2023-11-01 · 21 citations
reportOpen access1st authorCorrespondingWe conduct a field experiment in partnership with the largest job platform in Brazil to study how environmental, social, and governance (ESG) practices of firms affect talent allocation.We find both an average job-seeker's preference for ESG and a large degree of heterogeneity across socioeconomic groups, with the strongest preference displayed by highly educated, white, and politically liberal individuals.We combine our experimental estimates with administrative matched employer-employee microd…
AEA Randomized Controlled Trials · 2024-11-15 · 4 citations
dataset1st authorCorresponding
Frequent coauthors
- 56 shared
Mounu Prem
Einaudi Institute for Economics and Finance
- 44 shared
Margarita Tsoutsoura
- 40 shared
Jacopo Ponticelli
- 40 shared
Spyridon Lagaras
University of Pittsburgh
- 36 shared
Shai Bernstein
- 26 shared
Benjamin Charles Iverson
Brigham Young University
- 12 shared
Davide Malacrino
- 12 shared
Ernest Liu
Princeton University
Education
- 2018
Ph.D.
Stanford University
Awards & honors
- 2023 Carlo Alberto Medal
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