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|Born||6 March 1956|
|Alma mater|| University of East Anglia (B.A.)|
Nuffield College, Oxford (D.Phil)
Franklin Allen, FBA (born 6 March 1956) is a British economist and academic. Since 2014, he has been Professor of Finance and Economics, and Executive Director of the Brevan Howard Centre at Imperial College London. He was the Nippon Life Professor of Finance and Economics at the Wharton School of the University of Pennsylvania. He is most active in the research areas of financial innovations, asset price bubbles, the comparison of financial systems, and financial crises.
Fellowship of the British Academy (FBA) is an award granted by the British Academy to leading academics for their distinction in the humanities and social sciences. There are three kinds of fellowship
Imperial College London is a public research university located in London, England. In 1851, Prince Albert built his vision for a cultural area composed of the Victoria and Albert Museum, Natural History Museum, Royal Albert Hall, Royal Colleges, and the Imperial Institute. In 1907, Imperial College was established by Royal Charter, bringing together the Royal College of Science, Royal School of Mines, and City and Guilds College. In 1988, the Imperial College School of Medicine was formed through a merger with St Mary's Hospital Medical School. In 2004, Queen Elizabeth II opened the Imperial College Business School.
The University of Pennsylvania is a private Ivy League research university located in the University City neighborhood of Philadelphia, Pennsylvania. It is one of the nine colonial colleges founded prior to the Declaration of Independence and the first institution of higher learning in the United States to refer to itself as a university. Benjamin Franklin, Penn's founder and first president, advocated an educational program that trained leaders in commerce, government, and public service, similar to a modern liberal arts curriculum. The university's coat of arms features a dolphin on its red chief, adopted from Benjamin Franklin's own coat of arms.
He was educated at Merchant Taylors' School, Northwood and Norwich City College. He graduated from the University of East Anglia with a first class bachelor's degree in 1977 and completed his Doctorate in Economics at Nuffield College, Oxford in 1980.
Merchant Taylors' School (MTS) is a British independent private day school for boys. Since 1933 it has been on 285 acres (115 ha) of grounds at Sandy Lodge in the Three Rivers district of Hertfordshire.
City College Norwich is a college of Further and Higher Education in Norfolk, England. It is one of the largest colleges in the country. Paston College in North Walsham became part of the college in December 2017 following a merger with Paston Sixth Form College.
The University of East Anglia (UEA) is a public research university in Norwich, England. Established in 1963 on a 320 acres campus west of the city centre, the university has four faculties and 26 schools of study. The annual income of the institution for 2016–17 was £273.7 million of which £35.6 million was from research grants and contracts, with an expenditure of £262.6 million.
Allen was Associate Professor of Finance and Associate Professor of Finance and Economics at the Wharton School from 1980 to 1990, when he became Vice Dean and Director of the Wharton Doctoral Programs and Professor of Finance and Economics. In 1994 he was assigned to the chair of Nippon Life Professor of Finance and Economics as professor. Additionally, he took the position of co-director of the Wharton Financial Institutions Center. He has also visited diverse universities and research centres in the context of visiting professorships, academic fellowships and scientific advisory such as the University of Tokyo (1993), the Johann Wolfgang Goethe-Universität of Francfort (2001, 2006), the Indian School of Business in Hyderabad (2005), the Stockholm School of Economics and Gothenburg University in Sweden (2006).
The University of Tokyo, abbreviated as Todai or UTokyo, is a public research university located in Bunkyo, Tokyo, Japan. Established in 1877 as the first imperial university, it is one of Japan's most prestigious universities.
The Stockholm School of Economics is one of Europe's leading business schools. SSE offers BSc, MSc and MBA programs, along with highly regarded PhD- and Executive Education programs. SSE's Master program in Finance is ranked no.18 worldwide as of 2018. The Masters in Management program is ranked no. 12 worldwide by the Financial Times. QS ranks SSE no.26 among universities in the field of economics worldwide. The school is the only privately funded university in Sweden and is often considered as the most selective and prestigious academic institution in the Nordics.
He is a past president of the American Finance Association, Western Finance Association and the Society for Financial Studies, as well as a scientific adviser at the Sveriges Riksbank, the central bank of Sweden. He is the editor of the European Finance Association's flagship journal, the Review of Finance.Besides, he acts as Advisor to Fair Observer, an online magazine covering global issues from a plurality of perspectives, on issues concerning finance or economics, but also on future strategy and editorial policy.
The American Finance Association (AFA) is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the Journal of Finance, was first published in 1946.
Sveriges Riksbank or simply the Riksbank, is the central bank of Sweden. It is the world's oldest central bank and the third oldest bank in operation.
Together with Stewart Myers and Richard Brealey, he is the author of Principles of Corporate Finance . The work is a widely prescribed, standard textbook for undergraduate students in corporate finance, and also addresses the needs of practising financial managers.
Stewart Clay Myers is the Robert C. Merton (1970) Professor of Financial Economics at the MIT Sloan School of Management. He is notable for his work on capital structure and innovations in capital budgeting and valuation, and has had a "remarkable influence" on both the theory and practice of corporate finance. Myers, in fact, coined the term "real option". He is the co-author with Richard A. Brealey and Franklin Allen of Principles of Corporate Finance, a widely used and cited business school textbook, now in its 11th edition. He is also the author of dozens of research articles.
Principles of Corporate Finance is a reference work on the corporate finance theory edited by Richard Brealey, Stewart Myers, and Franklin Allen. The book is one of the leading texts that describes the theory and practice of corporate finance. It was initially published in October 1980 and now is available in its 12th edition. Principles of Corporate Finance has earned loyalty both as a classroom tool and as a professional reference book.
Corporate finance is an area of finance that deals with sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to maximize or increase shareholder value. Although it is in principle different from managerial finance which studies the financial management of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.
In July 2017, Allen was elected a Fellow of the British Academy (FBA), the United Kingdom's national academy for the humanities and social sciences.
A national academy is an organizational body, usually operating with state financial support and approval, that co-ordinates scholarly research activities and standards for academic disciplines, most frequently in the sciences but also the humanities. Typically the country's learned societies in individual disciplines will liaise with or be co-ordinated by the national academy. National academies play an important organizational role in academic exchanges and collaborations between countries.
Robert Cox Merton is an American economist, Nobel Memorial Prize in Economic Sciences laureate, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Black–Scholes formula. In 1993 Merton co-founded hedge fund Long-Term Capital Management. In 1997 he received the Nobel Prize for his contributions in Economics.
Imperial College Business School is a global business school located in London. The business school was opened by Queen Elizabeth II in 2004. As part of Imperial College London, a leader in science and technology, the business school drives advantage through the fusion of business and technology and an entrepreneurial mindset. Governments, policy-makers, and global business leaders often collaborate with the business school.
Kenneth Ronald "Ken" French is the Roth Family Distinguished Professor of Finance at the Tuck School of Business, Dartmouth College. He has previously been a faculty member at MIT, the Yale School of Management, and the University of Chicago Booth School of Business. He is most famous for his work on asset pricing with Eugene Fama. They wrote a series of papers, that cast doubt on the validity of the Capital Asset Pricing Model (CAPM), which posits that a stock's beta alone should explain its average return. These papers describe two factors above and beyond a stock's market beta which can explain differences in stock returns: market capitalization and "value". They also offer evidence that a variety of patterns in average returns, often labeled as "anomalies" in past work, can be explained with their Fama–French three-factor model.
John Anderson Kay, is a British economist. He was the first dean of Oxford’s Said Business School and has held chairs at London Business School, the University of Oxford, and the London School of Economics. He has been a fellow of St John's College, Oxford, since 1970.
Richard A. Brealey is a British economist and author. He is an Emeritus Professor at the London Business School and a Fellow of the British Academy. He is widely known for his Principles of Corporate Finance, coauthored with Stewart C. Myers and Franklin Allen, a text that "has earned tremendous loyalty as both a classroom tool and a professional reference work".
Sir Paul Collier, is a British development economist who serves as the Professor of Economics and Public Policy in the Blavatnik School of Government and the director of the International Growth Centre. He is also the director of the Centre for the Study of African Economies and a Professorial Fellow of St Antony's College, Oxford. He has also served as a senior advisor to the Blair Commission for Africa and was the Director of the Development Research Group at the World Bank between 1998 to 2003.
James Michael "Jim" Poterba, FBA is an American economist, Mitsui Professor of Economics at the Massachusetts Institute of Technology, and current NBER president and chief executive officer.
John Halstead Hardman Moore CBE FBA FRSE is an economic theorist. He was appointed Professor of Political Economy at the University of Edinburgh School of Economics in 2000. Previously, in 1983, he was appointed to the London School of Economics, where in 1990 he became Professor of Economic Theory, a position he still holds.
Colin Peter Mayer is the Peter Moores Professor of Management Studies at the Saïd Business School at the University of Oxford. He was the Peter Moores Dean of the Saïd Business School between 2006 and 2011. He is a fellow of the British Academy, a fellow of the European Corporate Governance Institute, a fellow of the Royal Society of Arts, and a research fellow of the Centre for Economic Policy Research. He is a professorial fellow of Wadham College, Oxford, an honorary fellow of St. Anne's College, Oxford, and an honorary fellow of Oriel College, Oxford. He is an ordinary member of the Competition Appeal Tribunal and a member of the UK government Natural Capital Committee.
John Hamish Armour, is a British legal scholar. Since 2007, he has been Hogan Lovells Professor of Law and Finance at the University of Oxford, and a Fellow of Oriel College, Oxford. Previously, he was a lecturer at the University of Nottingham and at the University of Cambridge, where he was also a fellow of Trinity Hall, Cambridge.
Alexander Ljungqvist is a Swedish economist, educator, scholar, writer, and speaker. He is a professor of finance at the Stockholm School of Economics, where he holds the Stefan Persson Family Chair in Entrepreneurial Finance. His areas of expertise include corporate finance, investment banking, initial public offerings, entrepreneurial finance, private equity, venture capital, corporate governance, and asset pricing. Professor Ljungqvist teaches MBA and executive courses in private equity and venture capital and a PhD course in corporate finance.
Dominic Lieven is a research professor at Cambridge University and a Fellow of the British Academy and of Trinity College, Cambridge.
William R. M. Perraudin is a British economist. He is an adjunct professor and former Chair of Finance at Imperial College London, specialising in the fields of risk and pricing of debt instruments. He is a director of the risk management software and consultancy firm Risk Control Limited.
Carol Propper, CBE, FBA is Professor of Economics at Imperial College Business School and Professor of Economics of Public Policy at Bristol University. She is also a senior research associate with the Nuffield Trust, and has served on the Economic and Social Research Council Research Grants Board. Her work focuses on economic factors in health care reform, and she has served as an economic advisor to the National Health Service (England).
Christian Leuz is a German business economist, specializing in finance, accounting, and institutional economics. He is the Joseph Sondheimer Professor of International Economics, Finance and Accounting at the University of Chicago Booth School of Business.
Edward Martini Sandoyan, doctor of Economic Sciences of the Republic of Armenia and the Russian Federation, professor, served as Minister of Finance & Economy of the Republic of Armenia from 1998 to 1999.
Loretta J. Mester is President and CEO of the Federal Reserve Bank of Cleveland.
Julia Black, FBA is a Professor of Law at the London School of Economics (LSE). She was the interim Director of the LSE, a post she held from September 2016 until September 2017, at which time Minouche Shafik took over the Directorship.
Eilís Veronica Ferran, FBA is a Northern Irish legal scholar, solicitor, and academic administrator. As an academic, she specialises in financial regulation, company law, and corporate finance law. She has been Professor of Company and Securities Law at the University of Cambridge since 2005, and its Pro-Vice-Chancellor for Institutional and International Relations since 2015.
Douglas Gale FBA is professor of economics, Imperial College Business School. He was elected a fellow of the British Academy in 2016. Gale is a specialist in general equilibrium theory, financial economics and banking, experimental economics and decision theory.