Finance People | All Faculty | MSF Program

George Pennacchi

Professor of Finance and Fred S. Bailey Memorial Chair of Finance


Educational Background

Ph.D., Economics, Massachusetts Institute of Technology, 1984
B.S., Applied Mathematics-Economics, Brown University, 1977

Positions Held

Fred S. Bailey Memorial Chair of Money, Banking, and Finance, University of Illinois, 2016 to present
Investors in Business Education Professor of Finance, University of Illinois, 2010-2015
Visiting Professor, Bocconi University, 1995-1996, 2009-2011
Associate Professor of Finance, University of Illinois, 1990-1997
Olympus Fund Assistant Professor of Finance, University of Pennsylvania, 1984-1990

Recent Publications

Iannotta, G., Pennacchi, G., Santos, J. Forthcoming. Ratings-Based Regulation and Systematic Risk Incentives. Review of Financial Studies

Pennacchi, G., Tchistyi, A. Forthcoming. On Equilibrium when Contingent Capital has a Market Trigger: A Correction to Sundaresan and Wang Journal of Finance (2015). Journal of Finance

Pennacchi, G., Tchistyi, A. Forthcoming. Contingent Convertibles with Stock Price Triggers: The Case of Perpetuities. Review of Financial Studies

Pennacchi, G. 2017. Banks, Taxes, and Nonbank Competition. Journal of Financial Services Research

Pennacchi, G., Brown, J. 2016. Discounting Pension Liabilities: Funding versus Value. Journal of Pension Economics and Finance, 15: 254-284

Service Activities

Associate Editor, Journal of Financial Intermediation, 2013-present
Associate Editor, Journal of Financial and Quantitative Analysis, 2006-present
Associate Editor, Journal of Financial Services Research, 1999-present

Teaching and Research Interests

Teaches courses in financial institutions and markets; and security pricing.

Research interests include financial institutions, derivative securities, and bond markets.