Portrait of Professor Julian Franks

Professor Julian Franks : Partner

Julian is Professor of Finance, London Business School, and former Academic Director of London Business School’s Centre for Corporate Governance. An expert in corporate finance, his research focuses on bankruptcy and financial distress, corporate ownership and control, cost of capital and regulation. His work on ownership and control (with Colin Mayer and Stefano Rossi) has won two international prizes. Two of his other papers have won best paper awards by the Journal of Financial Intermediation. He is Associate Editor of five finance journals, a member of various advisory boards and consults widely. He has served as a member of the DTI–Treasury committee reviewing the UK’s insolvency code, as a member of the Company Law Review’s committees on corporate governance, and as a member of the Breedon committee on non-bank sources of finance.

Julian has been an adviser to Ofcom, the Water Industry Commission for Scotland and BAA, and was a member of an appeals panel for the New Zealand Commerce Commission. He has advised (with Professor Brealey) the Office of Constitutional Affairs on the issue of outside equity for law firms, and provided advice to a Treasury committee chaired by Paul Myners on a review of the governance of mutuals. He was an adviser to Ofcom for more than 15 years, and acted as an expert for Ofcom in three appeals to the Competition Authority. Julian is adviser to the Competition and Markets Authority, a senior adviser to Gatemore Capital, and a member of the advisory board of ORR (the regulator for Network Rail). He has been an expert witness in various litigation cases. He has also been Visiting Professor at the University of California at both Berkeley and Los Angeles.

Julian speaks English.

Tel: +44 (0) 20 7776 6698

Julian's specialisms include:

Selected
publications

  • Franks, J., Mayer, C. and Rossi, S. (2009), ‘Ownership: Evolution and Regulation’, Review of Financial Studies, 22:10, pp. 4009–56.

  • Becht, M., Franks, J., Mayer, C. and Rossi, S. (2009), ‘Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund’, Review of Financial Studies, 22:8, pp. 3093–129.

  • Brealey, R. and Franks, J. (2009), ‘Indexation, investment, and utility prices’, Oxford Review of Economic Policy, 25:3, pp. 435–50.

  • Davydenko, S.A. and Franks, J. (2008), ‘Do bankruptcy codes matter? A study of defaults in France, Germany, and the U.K.’, Journal of Finance, 63:2, pp. 565–608.

  • Franks, J., Mayer, C. and Wagner, H.F. (2006), ‘The Origins of the German Corporation—Finance, Ownership and Control’, Review of Finance, 10:4, pp. 537–85.

  • Franks, J. and Sussman, O. (2005), ‘Financial innovations and corporate bankruptcy’, Journal of Financial Intermediation, 14:3, pp. 283–317.tomers?cs: how do you compete for those customers?

Qualifications

  • PhD, London University

  • MBA, Columbia University Graduate School of Business

  • BA Economics, Sheffield University

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