Gary B. Gorton Faculty Profile

Gary B. Gorton
Robert Morris Professor of Banking; Professor of Finance

PhD, University of Rochester, 1983; MA, University of Rochester, 1980; MA, Cleveland State University, 1977; MA, University of Michigan, 1974; BA, Oberlin College, 1973

Research Areas
Banking; corporate finance; asset pricing

Academic Positions Held
Wharton: 1984-present (named Robert Morris Professor of Banking, 2003; Liem Sioe Liong/First Pacific Company Professor, 1998).

Other Positions
Houblon-Norman Fellow, Bank of England, 1994; Senior Economist, Federal Reserve Bank of Philadelphia, 1984; Economist, Federal Reserve Bank of Philadelphia, 1981-84

Professional Leadership 2003-2007
Editorial Board, Journal of Money, Credit, and Banking; Editorial Board, Journal of Financial Intermediation; Editorial Board, Journal of Financial Service Research

Representative Publications
(with G. Pennacchi)
"Financial Intermediaries and Liquidity Creation." Journal of Finance 45.1 (1990).

(with J. Dow)
"Arbitrage Chains." Journal of Finance 49.3 (1994).

(with F. Allen)
"Churning Bubbles." Review of Economic Studies 60.4 (1993).