Francisco Pérez-González

Assistant Professor of Finance

Phone: (650) 721-1283


Personal Homepage:


Academic Areas: Finance

His research interests are in the intersection of corporate finance and organizational economics. His recent work has examined the importance of top managerial talent for firm performance. He has also recently examined the impact of risk management policies on firm value. Previously, he has studied how the incentives of large shareholders can shape dividend payout and managerial succession decisions; the impact of ownership structures on productivity; and the interaction between competition and corporate governance. Pérez-González has an ongoing research agenda examining the strengths and unique challenges of family firms. His research has examined the performance of family firms both in the U.S. and abroad. His work has been accepted for publication at top economics and finance journals, such as, the American Economic Review, the Journal of Finance and the Quarterly Journal of Economics.


Francisco Pérez-González is an Assistant Professor of Finance at the Stanford University Graduate School of Business. He is also a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and an affiliate of Innovations for Poverty Action (IPA), Small & Medium Enterprise Initiative.

He previously taught at Columbia University, the University of Chicago and the University of Texas, Austin. Prior to academia, he served as an economist at the Mexican Ministry of Finance and at the Mexican Council of Economic Advisers to the President; as a consultant at Harvard’s Institute for International Development; and as a visiting researcher at the Central Bank of Mexico.

Pérez-González was born in Teziutlán, Puebla, México. He received a bachelor’s degree in economics from the Instituto Tecnológico Autónomo de México (ITAM), in Mexico City, and in 2008, he received ITAM’s distinguished alumni award. He earned both a Masters and a PhD in economics from Harvard University.

He lives with his wife and two kids on the Stanford campus.

At Stanford he teaches two courses: Managerial Finance and Family Business.

Academic Degrees

Harvard University, Ph.D. in Economics, 2001; M.A. in Economics, 1999. Dissertation: “Essays on the Influential Role of Insiders in Publicly-Traded Corporations,”

ITAM, Mexico; B.A. in Economics, 1994

Professional Experience

At Stanford since 2008.

National Bureau of Economic Research, Cambridge.
Faculty Research Fellow, 2007-today.

University of Texas, Graduate School of Business, Assistant Professor of Finance, 2007-2008

Columbia University, Graduate School of Business, Associate Professor of Finance and Economics, 2006-2007, Assistant Professor of Finance and Economics, 2001-2005

University of Chicago, Graduate School of Business, Visiting Assistant Professor of Finance, 2005-2006

Harvard University, Department of Economics, Teaching Fellow, 1998-2001

Central Bank of Mexico, Visiting Researcher, 1999

Consultant, Central America Project, Harvard Institute for International Development, 1997

Staff Economist, Mexican Council of Economic Advisors, Office of the President, Mexico City, 1995

Staff Economist, Mexican Ministry of Finance, Office of the Minister, Mexico City, 1994

Research Assistant, El Colegio de México, Centro de Estudios Económicos, Mexico City, 1993

Selected Publications

  • "Inherited Control and Firm Performance": American Economic Review, December 2006, Vol. 96, No. 5, pp. 1559-1588, 2006
  • "Inside the Family Firm: The Role of Families in Succession Decisions and Performance": Quarterly Journal of Economics, May 2007, Vol. 122, No. 2: 647-691, 2007
  • "The Governance of Family Firms" joint with M. Bennedsen and D. Wolfenzon: Corporate Governance: John Wiley & Sons, 2010

Working Papers

  • "Estimating the Value of The Boss: Evidence from CEO Hospitalization Events" joint with M. Bennedsen and D. Wolfenzon
  • "Risk Management and Firm Value: Evidence from Weather Derivatives" joint with H. Yun
  • “Do CEOs Matter?” joint with M. Bennedsen and D. Wolfenzon
  • “The Impact of Product Market Competition on Private Benefits of Control” joint with Maria Guadalupe
  • “The Impact of Acquiring Control on Productivity”
  • “Large Shareholders and Dividends: Evidence from U.S. Tax Reforms”

Courses Taught


  • Member: American Economic Association
  • Member: American Finance Association;
  • Member: Latin American and Caribbean Economic Association
  • Member: Western Finance Association

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