Professor Aldo Musacchio

Description: Description: Description: Description: Description: Description: Description: Description: Description: C:\Users\amusacchio\Dropbox\Photos\serias\High resolution\Musacchio_150.jpg

Associate Professor

 of Business Administration,

Harvard Business School,

International Business School—Brandeis University

& National Bureau of Economic Research

 

 

Email CV

 

Follow @MusacchioAldo

and

@StateCapitalism

#statecapitalism

Facebook: Reinventing State Capitalism

 

 

 

Press/Imprensa/Prensa:

-State capitalism

-State-owned enterprises

-China, Brazil, Mexico, Colombia, Argentina, & emerging markets

-Development banks (BNDES)

-National champions, sovereign wealth funds

-Corruption, FCPA

 

[high resolution pictures here]

[Para fotos de alta resolução clicar aqui]

 

 

 

 

RESEARCH ON STATE CAPITALISM

 

http://www.hup.harvard.edu/images/jackets/9780674729681-lg.jpg

Aldo Musacchio & Sergio G. Lazzarini

Reinventing State Capitalism: Leviathan in Business, Brazil and Beyond

Harvard University Press, 2014

[See the abstract and excerpts here]

 

 

 

Reviews

Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: The Economist The Economist’s Schumpeter Column:

Leviathan as a Capitalist

 

 

RELATED PAPERS ON STATE CAPITALISM:

“New Varieties of State Capitalism: Strategic and Governance Implications” Academy of Management Perspectives (February, 2015) (with Sergio G. Lazzarini and Ruth Aguilera)

 

"What Do State-Owned Development Banks Do? Evidence from BNDES, 2002–09." World Development (forthcoming, 2015). (with Sergio G. Lazzarini, Rodrigo Bandeira de Mello, and Rosilene Marcon)

 

“Governments as Owners: State Owned Multinational Companies,” Journal of International Business Studies (2014) 45, 919–942 (with Alvaro Cuervo-Cazurra, Kannan Ramaswamy, and Andrew Inkpen).

 

"Leviathan as a Minority Shareholder: Firm-level Implications of Equity Purchases by the State." Academy of Management Journal 56-6 (December 2013) (with  Carlos F. K. V. Inoue and Sergio G. Lazzarini) [As featured in Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: The Economist, see article here]

 

"In Strange Company: The Puzzle of Private Investment in State-Controlled Firms ." Cornell International Law Journal 46-3 (2013). (With Mariana Pargendler and Sergio G. Lazzarini).

 

Do CEOs of State-Owned Enterprises Matter? Evidence from Brazil, 1973-1993 (with Sergio G. Lazzarini and Claudia Bruschi)

 

Leviathan in Business: Varieties of State Capitalism and their Implications for Economic Performance (with Sergio G. Lazzarini)

 

"The Return of State-Owned Enterprises: Should We Be Afraid?" Harvard International Review (April 4, 2009).

(with Francisco Flores-Macias)

 

Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: The Economist Online Debate on State Capitalism: Aldo Musacchio vs. Ian Bremmer

 

 

Teaching & Cases

VISIT MY MBA COURSE:

 

Globalization and Emerging Markets

 

Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: https://encrypted-tbn1.google.com/images?q=tbn:ANd9GcQlQZarJ9UTc_9Bwwa4X25V_nz4np5TvuVaEJYkTX5OLHmWuuR5

 

*See some featured cases here

 

*Research guide on emerging markets

 

Research on Institutions and Long Run Development

"Colonial Institutions, Trade Shocks, and the Diffusion of Elementary Education in Brazil, 1889-1930." (with André C. Martínez Fritscher and Martina Viarengo), Journal of Economic History 74-3 (September 2014): 730-766.

 

 Does the law and finance hypothesis pass the test of history?Business History 55, no. 3 (2013). (With John D. Turner).

 

"Law and Finance c. 1900." NBER Working Paper Series, No. 16216, July 2010.

 

"Big BRICs, Weak Foundations: The Beginning of Public Elementary Education in Brazil, Russia, India, and China." (with Latika Chaudhary, Steven Nafziger, and Se Yan)  Explorations in Economic History 49, no. 2 (April 2012): 221-240.

 

"Endowments, Fiscal Federalism, and the Cost of Capital for States: Evidence from Brazil, 1891-1930." (with André C. Martínez Fritscher) Financial History Review 17, no. 1 (April 2010).  [Winner of the Gerry Feldman Young Scholar Prize for the best paper of (a) young scholar(s), European Association of Banking and Financial History, 2010-2011]

 

"Can Civil Law Countries Get Good Institutions? Lessons from the History of Creditor Rights and Bond Markets in Brazil." Journal of Economic History 68, no. 1 (March 2008): 80–108. (Winner of the Arthur H. Cole Prize for best paper in the Journal of Economic History, 2007-2008.) [pdf]

 

[BOOK] Experiments in Financial Democracy: Corporate Governance and Financial Development in Brazil, 1882–1950. Cambridge and New York: Cambridge University Press, 2009.

 

"Laws versus Contracts: Legal Origins, Shareholder Protections, and Ownership Concentration in Brazil, 1890–1950." Business History Review 82, no. 3 (fall 2008): 445–473. [pdf]

 

Featured Papers on Foreign Banks and Mexican Economic History

[BOOK] Los Buenos Tiempos Son Éstos: Los efectos de la incursión de la banca extranjera en México después de un siglo de crisis bancarias [These

 Are the Good Old Days: Foreign Entry and the Mexican Banking System]. Mexico City, Mexico: Centro de Estudios Espinosa Yglesias, 2014, Spanish ed. “” (with Stephen Haber) [Winner of the 2012 Manuel Espinosa Yglesias Prize for the best essay on banking and foreign entry into Mexico, Centro de Estudios Espinosa Yglesias, Mexico City]

 

"Mexico's Financial Crisis of 1994-­1995," Encyclopedia of Financial Globalization, Elsevier, forthcoming.

 

"Foreign Entry and the Mexican Banking System, 1997-2007." (with Stephen Haber). Economia (Fall 2012).

 

"NORMAS CONTABLES BANCARIAS EN MÉXICO. Una guía de los cambios para legos diez años después de la crisis bancaria de 1995." Trimestre económico 73, no. 4 (October/December 2006). (With Gustavo Del Angel, and Stephen Haber)

 

OTHER PAPERS (ECONOMIC HISTORY)

"Drawing Links Between Corporate Governance and Networks: Bankers in the Corporate Networks of Brazil, Mexico, and The United States Circa 1910." Entreprises D'Amerique Latine. Entreprises et histoire 54, no. 1 (April 2009): 16–36. [pdf]

 

"Bankers, Industrialists, and Their Cliques: Elite Networks in Mexico and Brazil during Early Industrialization." Enterprise & Society 8, no. 4 (December 2007): 842–880. (with Ian O. Read) [pdf]

 

Musacchio, Aldo. "Law and Finance in Historical Perspective: Politics, Bankruptcy Law, and Corporate Governance in Brazil, 1850-2002." Journal of Economic History 67, no. 2 (June 2007): 502–506. (Dissertation summary.)

 

Gómez-Galvarriato, Aurora, and Aldo Musacchio. "Un nuevo índice de precios para México, 1886-1929 [A New Price Index for Mexico, 1886-1929]." Trimestre económico 67, no. 265 (January–March 2000): 47–91. [pdf]

 

 

 

FOR MORE PUBLICATIONS VISIT MY PAGE AT:

Brandeis University

 

SSRN

 

NBER

 

 

 

 

 

 

 

Thank you for visiting my page!

 Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: C:\Users\amusacchio\Dropbox\Photos\Brazil March 2010\IMG_2209.JPG

© Aldo Musacchio & Praia Vermelha Productions, 2009.