- Asset Pricing
- Econometrics
- Portfolio Theory
- +۳ مورد دیگر
Michael R. Gibbons is the I.W. Burnham II Professor of Investment Banking at the Wharton School of the University of Pennsylvania. He has been affiliated with Wharton since 1989, serving in multiple leadership roles including Deputy Dean (2007-2021) and Chairperson of the Finance Department (1994-2006). Previous appointments include Stanford University and the University of Chicago, with visiting roles at the latter institution. Education PhD in Finance, University of Chicago (1980) MS in Finance, University of Chicago (1979) BS in Mathematics, Butler University (1975) Dr. Gibbons' research focuses on asset pricing, econometric validation of financial models, and portfolio theory. His work includes testing the Cox-Ingersoll-Ross term structure model and analyzing consumption-oriented capital asset pricing frameworks. Recent publications examine derivatives pricing applications and risk management strategies. His publications (1989-1993) demonstrate methodological innovations in econometric testing and practical applications to Treasury-bill returns. Key research trends include non-arbitrage pricing principles, dynamic portfolio modeling, and empirical validation of theoretical financial frameworks. Scientific Awards Batterymarch Fellow (1983-84) Graduate Division Excellence in Teaching Award (1996, 2001) Dr. Gibbons teaches advanced finance courses including Financial Derivatives (FNCE7170) , which covers pricing models (binomial trees, Black-Scholes-Merton), hedging strategies, and applications in corporate valuation. He also supervises Independent Study (FNCE8990) projects for finance students.










