Skip to main content


With a Dottore in Discipline Economiche e Sociali from Universita' Commerciale "Luigi Bocconi" (Italy) and a Ph.D. in Economics from the University of Pennsylvania, Philadelphia, USA, Paolo Fulghieri is Professor of Finance at the Kenan-Flagler Business School of the University of North Carolina.

Paolo Fulghieri is actively conducting research in corporate finance and in its interactions with investment and commercial banking. As a result of his research activity, he has published several papers in leading finance journals, such as the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial Intermediation, Journal of Financial and Quantitative Analysis and the Journal of Banking and Finance. His research papers include: "Investment bank reputation, information production, and financial intermediation," "Why include warrants in new equity issues: A theory of unit IPOs," "A theory of the going public decision," "Synergies and internal agency conflicts: The double-edged sword of mergers," “Information production, dilution costs, and optimal security design,” “The ownership and financing of innovation in R&D races,” and “Does bad corporate governance lead to too little competition?”.

Paolo Fulghieri has taught Corporate Finance and the Economics of Information at the Graduate School of Business of Columbia University, from 1987 to 1993, and Financial Management at the J.L. Kellogg Graduate School of Management of Northwestern University, from 1993 to 1995. Between 1995 and 2002 he has taught Corporate Finance in the MBA and in several Executive Educations programs at INSEAD, France, where he has been Dean of the PhD Program. He has also taught Corporation Finance at the Graduate School of Business of the University of Chicago and in several international executive education programs.

Research Interests

Interaction of corporate finance with investment and commercial banking

Working Papers

Scroll to Top