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George Pennacchi

Investors in Business Education Professor of Finance


Educational Background

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

Positions Held

Investors in Business Education Professor of Finance, University of Illinois, 2010 to present
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

Pennacchi, G., Park, K., Han, J. 2015. Corporate Taxes and Securitization. Journal of Finance, 70: 1287-1321

Pennacchi, G., Vermaelen, T., Wolff, C. 2014. Contingent Capital: The Case of COERCs. Journal of Financial and Quantitative Analysis, 49: 541-574

Haubrich, J., Pennacchi, G., Ritchken, P. 2012. Inflation Expectations, Real Rates, and Risk Premia: Evidence from Inflation Swaps. Review of Financial Studies, 25: 1588-1629

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
Managing Editor, Journal of Financial Intermediation, 2009-2013
Associate Editor, Journal of Money, Credit, and Banking, 1993-2012

Teaching and Research Interests

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

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