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, 2016-2017
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

Pennacchi, G. Forthcoming. 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

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

Service Activities

Associate Editor, Journal of Financial Intermediation, 2013-2017
Associate Editor, Journal of Financial and Quantitative Analysis, 2006-2017
Associate Editor, Journal of Financial Services Research, 1999-2017

Teaching and Research Interests

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

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