Emanuele Colonnelli
Visiting Associate Professor of Business Administration
Visiting Associate Professor of Business Administration
Emanuele Colonnelli is a Visiting Associate Professor of Business Administration in the Entrepreneurial Management Unit at Harvard Business School, and an Associate Professor of Finance and MV Advisors Faculty Fellow at The University of Chicago Booth School of Business. He is a Faculty Research Fellow at NBER, and a Research Affiliate at CEPR, BREAD, and J-PAL. He also leads the Finance and Entrepreneurship Theme at PEDL.
Colonnelli’s research focuses on the intersection between finance and development, with a special interest in the interactions between governments, firms, entrepreneurs, and investors. Other interests include a range of topics such as venture capital and private equity, corporate governance, corruption and public procurement, ESG and impact investing, and corporate bankruptcy. He is the recipient of a number of grants and awards, such as the AQR Top Finance Graduate Award. He has research and work experience in several emerging economies, including Bangladesh, Brazil, China, Ethiopia, Ghana, India, Indonesia, Kenya, Malawi, Mexico, Myanmar, Nigeria, Rwanda, South Africa, Uganda, and Vietnam and regularly conducts world-wide surveys and field experiments with firms and investors. His research has been published in various top academic journals, such as the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Finance, and the Journal of Financial Economics. At Booth, he developed and teaches the first MBA class focused on venture capital and private equity in emerging markets.
Colonnelli holds a PhD in Economics from Stanford University, an MSc in Economics from Bocconi University, a BSc in Economics from the University of Siena, and he spent an academic year visiting Pembroke College, Oxford University.
- Journal Articles
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- Colonnelli, Emanuele, Bo Li, and Ernest Liu. "Investing with the Government: A Field Experiment in China." Journal of Political Economy (forthcoming). (Pre-published online.) View Details
- Colonnelli, Emanuele, Niels Gormsen, and Timothy McQuade. "Selfish Corporations." Review of Economic Studies (forthcoming). (Pre-published online May 26, 2023.) View Details
- Colonnelli, Emanuele, Spyridon Lagaras, Jacopo Ponticelli, Mounu Prem, and Margarita Tsoutsoura. "Revealing Corruption: Firm and Worker Level Evidence from Brazil." Journal of Financial Economics 143, no. 3 (March 2022): 1097–1119. View Details
- Colonnelli, Emanuele, and Mounu Prem. "Corruption and Firms." Review of Economic Studies 89, no. 2 (March 2022): 695–732. View Details
- Bernstein, Shai Benjamin, Emanuele Colonnelli, Davide Malacrino, and Timothy McQuade. "Who Creates New Firms When Local Opportunities Arise?" Journal of Financial Economics 143, no. 1 (January 2022): 107–130. View Details
- Colonnelli, Emanuele, Mounu Prem, and Edoardo Teso. "Patronage and Selection in Public Sector Organizations." American Economic Review 110, no. 10 (October 2020): 3071–3099. View Details
- Bernstein, Shai, Emanuele Colonnelli, Xavier Giroud, and Benjamin Iverson. "Bankruptcy Spillovers." Special Issue on Labor and Finance. Journal of Financial Economics 133, no. 3 (September 2019): 608–633. View Details
- Bernstein, S., E. Colonnelli, and B. Iverson. "Asset Allocation in Bankruptcy." Journal of Finance 74, no. 1 (February 2019): 5–53. (Lead Article.) View Details
- Colonnelli, Emanuele, Joacim Tag, Michael Webb, and Stefanie Wolter. "A Cross-Country Comparison of Dynamics in the Large Firm Wage Premium." AEA Papers and Proceedings 108 (May 2018): 323–327. View Details
- Book Chapters
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- Colonnelli, Emanuele, Jorge Gallego, and Mounu Prem. "What Predicts Corruption?" Chap. 16 in A Modern Guide to the Economics of Crime, edited by Paolo Buonanno, Paolo Vanin, and Juan Vargas, 345–373. Edward Elgar Publishing, 2022. View Details
- Colonnelli, Emanuele, and Nicole Ntungire. "Construction and Public Procurement in Uganda." Chap. 15 in Mining for Change: Natural Resources and Industry in Africa, edited by John Page and Finn Tarp, 326–348. Oxford University Press, 2020. View Details
- Working Papers
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- Bernstein, Shai Benjamin, Emanuele Colonnelli, Mitchell Hoffman, and Benjamin Iverson. "Life After Death: A Field Experiment with Small Businesses on Information Frictions, Stigma, and Bankruptcy." NBER Working Paper Series, No. 30933, February 2023. View Details
- Colonnelli, Emanuele, Valdemar Pinho Neto, and Edoardo Teso. "Politics at Work." Working Paper, December 2022. View Details