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Pramuan Bunkanwanicha is a full Professor of Finance at ESCP Europe - Paris Campus, where he teaches Corporate Finance, Emerging Markets Finance, and International Finance.

He received a Doctorate in Economics from the Université Paris 1 Panthéon-Sorbonne in 2006 with an Habilitation in Management Sciences from the Université Paris - Dauphine in 2013. He also holds the degrees of MBA from AIT and B.Eng. from King Mongkut’s University of Technology North Bangkok. Prior to joining ESCP Europe, he was a visiting scholar at Columbia Business School and Yale University. He was also a visiting professor at Boston College and Hitotsubashi University.

His research lies at the intersection of family business, political connections, and finance. His research has been published in top-tier finance and economic journals, namely the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Journal of Comparative Economics. His research  - has been also presented in major academic conference such as the American Finance Association (AFA), the Western Finance Association (WFA), the European Finance Association (EFA).

Corporate Finance

Conference Proceedings

KOBRAK, C. and P. BUNKANWANICHA (2013), Finance and Family-ness, in: P. FERNADEZ PEREZ, A. COLLI (eds.), The Endurance of Family Businesses: A Global Overview, Cambridge University Press, 179-196, 18 p.

Review of a book; an article; a research

BUNKAWANICHA, P. and J. GUPTA (2003), Siam Sindhorn Co., Ltd.: Financial Engineering in Emerging Markets, Centrale de Cas et de Médias Pédagogiques, Centrale de Cas et de Médias Pédagogiques, F0395.


MOUSSU, C. and P. BUNKANWANICHA (2012), Réglementation du travail et structure financière: théorie et preuve empirique, FCS REVUE FINANCE CONTROLE STRATEGIE, 15, n° 1-2.
BUNKAWANICHA, P. and Y. WIWATTANAKANTANG (2009), Big Business Owners in Politics, REVIEW OF FINANCIAL STUDIES, 22, issue 6, 2133-2168.
BUNKAWANICHA, P., GUPTA, J. and R. ROKHIM (2008), Debt and Entrenchement: Evidence from Thailand and Indonesia, EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 185, issue 3, 1578-1595.
BUNKAWANICHA, P. and Y. WIWATTANAKANTANG (2006), Market Valuation of Political Power: Evidence from Politically Connected Firms in Thailand, ECONOMIC REVIEW (THE), 57, 289-302.
BUNKANWANICHA, P., GUPTA, J. and Y. WIWATTANAKANTANG (2016), Pyramidal Group Structure and Bank Risk in Thailand, JOURNAL OF COMPARATIVE ECONOMICS, 44, issue 2, 272-288.
BUNKANWANICHA, P., GUPTA, J., SPIESER, P. and S. KHAKIMOV (2016), Do Financial Indicators Drive Market Value of Firms in the Transition Economies? The Russian Case, JOURNAL OF EMERGING MARKET FINANCE, 15, issue 2, 225-268.

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