Michael R. Gibbons Faculty Profile

Michael R. Gibbons
I.W. Burnham II Professor of Investment Banking
Deputy Dean, The Wharton School

PhD, University of Chicago, 1980; MS, University of Chicago, 1979; BS, Butler University, 1975

Research Areas
Asset pricing; portfolio theory; econometrics

Recent Consulting
Consulting ranges from expert testimony (involving valuation of assets) to issues which arise in professional investment management

Current Projects
Developing models of the term structure of interest rates. Analyzing the volatility of stock returns.

Academic Positions Held
Wharton: 1989-present (Deputy Dean, 2007-present; Chairperson, Finance Department,1994-2006; named I.W. Burnham II Professor of Investment Banking, 1989). Previous appointments: Stanford University; University of Chicago. Visiting appointment: University of Chicago

Career and Recent Professional Awards; Teaching Awards
Batterymarch Fellow, 1983-84; Graduate Division Excellence in Teaching Award, 1996, 2001

Representative Publications
"A Test of the Cox, Ingersoll, and Ross Model of the Term Structure." Review of Financial Studies 6 (1993).

"A Test of the Efficiency of a Given Portfolio." Econometrics 57 (1989).

"Empirical Tests of the Consumption-Oriented CAPM." Journal of Finance 44 (1989).