Faculty Profiles



Anat R Admati

George G.C. Parker Professor of Finance and Economics
Professor of Management Science and Engineering (by courtesy), School of Engineering
Professor of Economics (by courtesy), School of Humanities and Sciences
GSB Trust Faculty Fellow for 2011-2012



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Academic Degrees

PhD, 1983; MA, Yale Univ., 1981; BSc, Hebrew Univ., Jerusalem, 1979.

Professional Experience

At Stanford since 1982.

Selected Publications

Forcing Firms to Talk: Financial Disclosure Regulation and Externalities: Review of Financial Studies, 2000 
The Wall Street Walk and Shareholder Activism: Exit as a Form of Voice: Review of Financial Studies,, 2009 
Robust Financial Contracting and the Role of Venture Capitalists: Journal of Finance, 1994 
Large Shareholder Activisim, Risk Sharing, and Financial Market Equilibrium: Journal of Political Economy, 1994 
A Theory of Intraday Patterns: Volume and Price Variability: Review of Financial Studies, 1988 

Working Papers

2065: Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive 
2043: Increased-Liability Equity: A Proposal to Improve Capital Regulation of Large Financial Institutions 

Courses Taught

FINANCE 221 Finance for Non-MBAs 
FINANCE 332 Finance and Society 

Affiliations

Associate Editor: Journal of Finance (1990 - present) 
Advisory Board Member: Journal of Financial Markets (1998 - present) 
Fellow: The Econometric Society (2005 - present) 
Founding Member; President: Foundation for the Advancement of Research in Financial Economics (2006 - present) 
Associate Editor: The Review of Financial Studies (1987 - 1991) 

In the News

2/24/2011 Fed Runs Scared with Boost to Bank Dividends: Anat Admati, Bloomberg 
Jan. 20, 2011 Dividends Can Wait Until Banks Are Stronger, Financial Times 
Dec. 8, 2010 Bankruptcy Is Not an Option, New York Times 
Dec. 4, 2010 What Jamie Dimon Won't Tell You, The Huffington Post 
Nov. 9, 2010 Letter to G20 Leaders: Much More Bank Equity Is Needed and Is Not Socially Costly, Financial Times 


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