Finance

Finance is an applied branch of economics that studies the ways in which individuals, business entities, and other organizations allocate resources over time and make decisions in the presence of uncertainty.

The faculty in the finance area have wide-ranging expertise in all major areas of finance, including:

  • Asset pricing, or how security prices and interest rates are determined in the market.
  • Corporate finance, or how corporations raise capital and make investment decisions.

The faculty strive to produce a broad range of finance-related research that addresses topics of interest to academic researchers, practitioners, and policymakers. We communicate that research both through publication in scientific journals, and through the development of relevant and rigorous Stanford MBA Program and Stanford GSB Executive Education programs. We also train and mentor future finance scholars through our Stanford GSB PhD Program, which is regarded as one of the top finance doctoral programs worldwide.

Recent Publications in Finance

Publication Search

A Q-Theory of Banks

Juliane Begenau, Saki Bigio, Jeremy Majerovitz, Matias Vieyra
The Review of Economic Studies June2025

Currency Development through Liquidity Provision

Antonio Coppola, Arvind Krishnamurthy, Chenzi Xu
American Economic Association Papers and Proceedings May2025 Vol. 115

The Political Economy of Geoeconomic Power

Christopher Clayton, Matteo Maggiori, Jesse Schreger
American Economic Association Papers and Proceedings May2025 Vol. 115

Faculty

Anat R. Admati

Anat R. Admati

Professor
Robert P. Bartlett

Robert P. Bartlett

Professor (by courtesy)
Juliane Begenau

Juliane Begenau

Associate Professor
Jonathan B. Berk

Jonathan B. Berk

Professor
Michael Blank

Michael Blank

Assistant Professor
Greg Buchak

Greg Buchak

Associate Professor
John H. Cochrane

John H. Cochrane

Professor (by courtesy)
Antonio Coppola

Antonio Coppola

Assistant Professor
Tim de Silva

Tim de Silva

Assistant Professor
Peter M. DeMarzo

Peter M. DeMarzo

Professor
Darrell Duffie

Darrell Duffie

Professor
Steven Grenadier

Steven Grenadier

Professor
Zhiguo He

Zhiguo He

Professor
Benjamin Hébert

Benjamin Hébert

Associate Professor
Robert L. Joss

Robert L. Joss

Professor and Dean Emeritus
Naz Koont

Naz Koont

Assistant Professor
Annamaria Lusardi

Annamaria Lusardi

Professor (by courtesy)
Hanno Lustig

Hanno Lustig

Professor
Matteo Maggiori

Matteo Maggiori

Professor
George G.C. Parker

George G.C. Parker

Professor Emeritus
James D. Paron

James D. Paron

Assistant Professor
Paul Pfleiderer

Paul Pfleiderer

Professor
Monika Piazzesi

Monika Piazzesi

Professor (by courtesy)
Joshua D. Rauh

Joshua D. Rauh

Professor
Martin K. Schneider

Martin K. Schneider

Professor (by courtesy)
Myron S. Scholes

Myron S. Scholes

Professor Emeritus
Amit Seru

Amit Seru

Professor
William F. Sharpe

William F. Sharpe

Professor Emeritus
Kenneth J. Singleton

Kenneth J. Singleton

Professor Emeritus
Ilya A. Strebulaev

Ilya A. Strebulaev

Professor
James C. Van Horne

James C. Van Horne

Professor Emeritus
Vikrant Vig

Vikrant Vig

Professor
Jeffrey Zwiebel

Jeffrey Zwiebel

Professor

Lecturers

Douglas Abbey

Douglas Abbey

Lecturer
Tariq Fancy

Tariq Fancy

Lecturer
Mike Harmon

Mike Harmon

Lecturer
John K. Hurley

John K. Hurley

Lecturer
Brian Jacobs

Brian Jacobs

Lecturer
Kevin Mak

Kevin Mak

Lecturer
Ana Marshall

Ana Marshall

Lecturer
James Milligan

James Milligan

Lecturer
Charles Moore

Charles Moore

Lecturer
Erik Ragatz

Erik Ragatz

Lecturer
Heiner Schulz

Heiner Schulz

Lecturer
John G. Watson

John G. Watson

Lecturer

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