Francisco Pérez-González is an Assistant Professor of Finance at the Stanford University Graduate School of Business and a Faculty Research Fellow of the National Bureau of Economic Research (NBER). Before Stanford, Francisco taught at Columbia, Chicago and the University of Texas. 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. He also served as a visiting researcher at the Mexican Central Bank.
Francisco’s research interests are in the intersection of corporate finance and organizational economics. His corporate finance research has examined the consequences of hedging for firm value, the impact of taxes on capital structure decisions, and the relevance of large shareholders’ incentives for payout policies. Francisco’s organizational economics research has investigated the impact of CEOs on profitability, the consequences of organizational structures on productivity, the impact of competition on managerial discipline, and the influence of large shareholders on CEO succession decisions. He has also conducted extensive research examining the strengths and unique challenges of family firms both in the U.S. and abroad.
Francisco’s research has been published at top economics and finance journals, such as, the American Economic Review, the Journal of Finance, and the Quarterly Journal of Economics. His risk-management research (with Hayong Yun) was recognized in 2014 with the Brattle First Paper Prize for the best corporate finance study published in the Journal of Finance. His capital structure research (with Fred Panier and Pablo Villanueva), won the 2013 CUNEF, Deutsche Bank, Universia Jaime Fernández de Araoz Corporate Finance Award, which recognizes the impact of applied research in economics and corporate finance. He was also recognized with ITAM’s distinguished alumni award.
At Stanford Francisco teaches two graduate courses: Managerial Finance and Family Business. In 2013 and 2014, he was invited by the graduating MBA class to be a speaker in the traditional “Last Lectures” series.
Francisco received a Masters and a PhD in economics from Harvard University, and a bachelor’s degree in economics from ITAM (Mexico). He was born in Teziutlan, Puebla, Mexico. He lives with his wife and two kids on the Stanford campus.