Anat R. Admati

The George G.C. Parker Professor of Finance and Economics

Professor of Economics (by courtesy), School of Humanities and Sciences
Senior Fellow, Stanford Institute for Economic Policy Research
Academic Area:

Additional Administrative Titles

Faculty Director, Corporations and Society Initiative


Anat R. Admati is the George G.C. Parker Professor of Finance and Economics at Stanford University Graduate School of Business, a director of the Corporations and Society Initiative, and a senior fellow at Stanford Institute for Economic Policy Research. She has written extensively on information dissemination in financial markets, portfolio management, financial contracting, corporate governance, and banking. Admati’s current research, teaching, and advocacy focus on the complex interactions between business, law, and policy with focus on governance and accountability.

Since 2010, Admati has been active in the policy debate on financial regulations. She is the coauthor, with Martin Hellwig, of the award-winning and highly acclaimed book The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It (Princeton University Press, 2013). In 2014, she was named by Time Magazine as one of the 100 most influential people in the world and by Foreign Policy Magazine as among 100 global thinkers.

Admati holds BSc from the Hebrew University; MA, MPhil, and PhD from Yale University; and an honorary doctorate from University of Zurich. She is a fellow of the Econometric Society, the recipient of multiple fellowships, research grants, and paper recognition, and is a past board member of the American Finance Association. She has served on a number of editorial boards and is a member of the FDIC’s Systemic Resolution Advisory Committee, a former member of the CFTC’s Market Risk Advisory Committee, and a former visiting scholar at the International Monetary Fund.

Academic Degrees

  • PhD, Yale University, 1983
  • MA, Yale University, 1981
  • BSc, Hebrew University, Jerusalem, 1979

Academic Appointments

  • George G.C. Parker Professor of Finance and Economics, Stanford GSB, 2009–present.
  • Joseph McDonald Professor of Finance and Economics, Stanford GSB, 2000–09
  • Professor by Courtesy, Department of Management Science and Engineering and Department of Economics, Stanford University, 2004–present
  • Visiting Professor of Economics, Tel-Aviv University, Economics, 1997–98
  • Professor of Finance and Economics, Stanford GSB, 1992–2000
  • Associate Professor of Finance and Economics, Stanford GSB, 1986–1992
  • Visiting Associate Professor of Finance, Tel-Aviv University, Recanati School of Management, 1989–1990
  • Assistant Professor of Decision Sciences, Stanford GSB, 1983–86

Awards and Honors

  • Charles and Melissa Froland Faculty Fellow for 2020–21
  • Robert & Marilyn Jaedicke Faculty Fellow for 2015–16
  • Michelle R. Clayman Faculty Fellow, Stanford GSB, 2013–14
  • Fellow of the Econometric Society, 2004–present
  • Alfred A. Sloan Research Fellowship, September 1987–September 1989
  • Batterymarch Fellowship, July 1987–July 1988
  • Prize for the best paper in the first volume of the Review of Financial Studies, for "A Theory of Intraday Trading Patterns: Volume and Price Variability" (with Paul Pfleiderer), 1987
  • Q-Group grant (with Paul Pfleiderer), 1989
  • Co-winner of NYSE Prize for the. Best Paper in the RFS-WFA-NYSE Market Microstructure Symposium, 1990 for "Sunshine Trading and Financial Market Equilibrium" (with Paul Pfleiderer)
  • Runner up for the Barclays Global Investors/Michael Brennan prize for the Best Paper in Volume 13 of the Review of Financial Studies, 2001, for "Forcing Firms to Talk: Financial Disclosure Regulation and Externalities" (with Paul Pfleiderer)
  • Board of Directors, American Finance Association, 1995–98
  • Robert M. and Anne T. Bass Fellowship, AY 1990–91
  • James and Doris McNamara Fellowship, Stanford GSB, AY 1993–94
  • NSF grant, 1993–1995 (with Paul Pfleiderer)
  • Business School Trust Fellowship, Stanford Graduate School of Business, 2004–2005, 2009–2010, 2011–12


Journal Articles


Book Chapters

Working Papers

Academic Publications

Stanford Case Studies

Conferences, Talks & Speaking Engagements

Stigler Center, Chicago Booth School of Business | May 28, 2019

Anat Admati exposes the flaws in the banking system that could trigger another financial collapse, and lays out a plan to fix it in her new book “The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It.”

Stanford GSB Affiliations

Service to the Profession

  • FDIC Systemic Resolution Advisory Committee
  • CFTC Market Risk Advisory Committee
  • Founding Member, President, Foundation for the Advancement of Research in Financial Economics, 2006-present
  • Fellow, The Econometric Society, 2005-present
  • Advisory Board Member, Journal of Financial Markets, 1998-present
  • Associate Editor, Journal of Finance, 1990-present
  • Associate Editor, Review of Financial Studies, 1987-1991

In the Media

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