Faculty Directory

Rafael La Porta

Noble Foundation Professor of Finance



DegreePhD, Harvard University, 1994; AM, Harvard University, 1994; AB, Universidad Católica de Buenos Aires, 1985

AREAS OF EXPERTISECorporate finance, corporate governance, law and economics, comparative economics

Current Research Topics

  • Links between industrial and financial groups
  • The regulation of self-dealing

Selected Publications

  • With F. Lopez-de-Silanes and A. Shleifer, "What Works in Securities Law," Journal of Finance, forthcoming
  • With S. Djankov, F. Lopez-de-Silanes, and A. Shleifer, "Courts," Quarterly Journal of Economics, 118(2), May 2003
  • With F. Lopez-de-Silanes, "Related Lending," Quarterly Journal of Economics, 118(1), February 2003
  • With F. Lopez-de-Silanes and A. Shleifer, "Government Ownership of Banks," Journal of Finance, 57(1), February 2002
  • With F. Lopez-de-Silanes, "The Benefits of Privatization: Evidence from Mexico," Quarterly Journal of Economics, 114(4), November 1999
  • With F. Lopez-de-Silanes and A. Shleifer, "Corporate Ownership Around the World," Journal of Finance, 54(2), April 1999
  • With F. Lopez-de-Silanes, A. Shleifer, and R. Vishny, "Law and Finance," Journal of Political Economy, 106(6), December 1998
  • With J. Lakonishok, A. Shleifer, and R. Vishny, "Good News for Value Stocks: Further Evidence on Market Efficiency," Journal of Finance, 52(2), June 1997
  • "Expectations and the Cross-Section of Stock Returns," Journal of Finance, 51(5), December 1996

Working Papers

  • With A. Chong, F. Lopez-de-Silanes, and A. Shleifer, "Letter Grading Government Efficiency"


  • Alfred P. Sloan Research Fellow, 2001–05

Professional Activities

Academic positions

  • Tuck School of Business, 2003–present
  • Associate Professor, 2000–03, Assistant Professor, 1997–2000, Lecturer, 1994–97, Harvard University 

Nonacademic positions

  • Research Associate, National Bureau of Economic Research, 1997–present
  • Founding Board Member, Mexican Commission on Best Practices in Corporate Governance, 1998–99
  • Consultant, International Monetary Fund, 1998
  • Economic Advisor, Mexican National Banking and Stock Market Commission, 1996–2001
  • Consultant, Mexican Ministry of Finance, 1995–98

Research & Teaching Summary

Rafael LaPorta is an expert on the effects of cross-country differences in laws and practice pertaining to investor protection, corporate governance, and finance. A research associate of the National Bureau of Economic Research, he teaches the elective courses Corporate Financial Management, Corporate Restructuring, and the research-to-practice seminar International Entrepreneurship.