College of Business: University of Illinois at Urbana-Champaign

Professor of Finance

Ph.D., Economics, Massachusetts Institute of Technology, 1984
B.S., Applied Mathematics-Economics, Brown University, 1977

Program Coordinator for Deposit Insurance, Center for Financial Research, Federal Deposit Insurance Corporation, 2004 - Present
Professor of Finance, University of Illinois, 1997 - Present
Research Associate, Federal Reserve Bank of Cleveland, 1995 - Present
Visiting Professor, Bocconi University, 1995-1996, 2009
Associate Professor of Finance, University of Illinois, 1990-1997
Olympus Fund Assistant Professor of Finance, University of Pennsylvania, 1984-1990

Pennacchi, G., Chen, H. 2009. Does Prior Performance Affect a Mutual Fund's Choice of Risk? Theory and Further Empirical Evidence. Journal of Financial and Quantitative Analysis, 44: 745-775

Pennacchi, G., Park, K. 2009. Harming Depositors and Helping Borrowers: The Disparate Impact of Bank Consolidation. Review of Financial Studies, 22: 1-40

Pennacchi, G. 2008. Theory of Asset Pricing. Reading, MA: Addison-Wesley.

Managing Editor, Journal of Financial Intermediation, Present
Associate Editor, Journal of Financial and Quantitative Analysis, 2006-Present
Associate Editor, Journal of Financial Services Research, 1999-Present
Associate Editor, Journal of Money, Credit, and Banking, 1993-Present

Teaches courses in financial institutions and markets; and security pricing.

Research interests include financial institutions, derivative securities, and bond markets.