Daniel Raff

Daniel Raff is an Associate Professor of Management at the Wharton School, University of Pennsylvania (1994–present), with prior appointments at Harvard University and Oxford University. His research focuses on business history and strategy, particularly institutional coordination, economic routines, and historical analysis of organizational behavior. He has held visiting positions at Columbia University's Schools of Business and Law and serves as a Faculty Research Fellow at the National Bureau of Economic Research (1988–present) and Sloan Senior Research Fellow at the Wharton Financial Institutions Center (2000–present).

• PhD, Massachusetts Institute of Technology (1987)
• BPhil, Oxford University (1978)
• MPA, Princeton University (1976)
• BA, New College, Oxford (1973)

His work examines value creation in firms through historical and strategic lenses, including studies on pre-modern Beijing real estate markets, the evolution of publishing (e.g., the Book-of-the-Month Club), and transaction engineering in financial services. He co-edited The Emergence of Routines and contributed to foundational works on risk management and coordination mechanisms in business.

Professor Raff teaches courses such as Value Creation & Val Cap and Deals: Economic Structure of Transactions, emphasizing case-based learning and primary document analysis to develop students' strategic thinking.