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 in 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

Service Activities

Associate Editor, Journal of Financial Intermediation, 2013-2018
Associate Editor, Journal of Financial and Quantitative Analysis, 2006-2018
Associate Editor, Journal of Financial Services Research, 1999-2018

Teaching and Research Interests

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

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