Wharton Faculty A-Z

Research at Wharton

Innovations in Education

Academic Departments

	Accounting
	Business and Public Policy
	Finance
	Health Care Systems
	Insurance and Risk Management
	Legal Studies and Business Ethics
	Management
	Marketing
	Operations and Information Management
	Real Estate
	Statistics

Centers and Initiatives

Publications

Conferences and Seminars

Research Resources

Industry Partnerships

Finance

Introduction
Asset pricing techniques, widely used in corporations, banks, and stock and bond markets, have undergone radical changes over the last 20 years. Modern theories of portfolio choice and savings behavior have provided the basis for the innovation of these models, and Wharton's Finance Department has remained at the forefront of these developments.

• Banking and Financial Institutions, which entails the overall economic context affecting a firm's investments
• Corporate Finance, concentrating on the financing and investment activities of an organization
• Financial Instruments and Portfolio Management, which examines financial instruments and their market behavior
• International Finance, exploring the impact of such issues as foreign currency options and exchange rates parity on the multinational corporation

Research
Recent research initiatives in financial management and investment include:

• A landmark large-scale study of the financial services industry
• An international comparison of financial systems
• The effects of leveraged buyouts on firm performance
• The use of derivatives by nonfinancial firms

• Financial Institutions Center
• Weiss Center for International Financial Research
• Rodney L. White Center for Financial Research

Academic Programs
The Finance Department offers concentrations in finance with a specialization in one of its component disciplines at three levels:

• Undergraduate Program
• MBA Program
• Doctoral Programs