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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, 2010-2014
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., Vermaelen, T., Wolff, C. Forthcoming. Contingent Capital: The Case of COERCs. Journal of Financial and Quantitative Analysis

Pennacchi, G., Park, K., Han, J. Forthcoming. Corporate Taxes and Securitization. Journal of Finance

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

President, Financial Intermediation Research Society, 2014-present
Associate Editor, Journal of Financial Intermediation, 2013-2014
Associate Editor, Journal of Financial and Quantitative Analysis, 2006-2014
Associate Editor, Journal of Financial Services Research, 1999-2014
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.