Franklin Allen

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Franklin Allen
Born (1956-03-06) 6 March 1956 (age 63)
Institution
Field Financial economics
Alma mater University of East Anglia (B.A.)
Nuffield College, Oxford (D.Phil)
Doctoral
advisor
James Mirrlees [1]

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. [2] 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.

Fellow of the British Academy award granted by the British Academy to leading academics for their distinction in the humanities and social sciences

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

  1. Fellows, for scholars resident in the United Kingdom
  2. Corresponding Fellows, for scholars not resident in the UK
  3. Honorary Fellows, an honorary academic title
Imperial College London Public research university in London, United Kingdom

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.

University of Pennsylvania Private Ivy League research university in Philadelphia, Pennsylvania

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.

Contents

Early life and education

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, Northwood independent day school for boys, originally in London, now at Northwood, Hertfordshire

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.

University of East Anglia university in Norwich, England

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.

Academic career

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).

University of Tokyo national research university in Tokyo, Japan

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.

Stockholm School of Economics Swedish business school

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. [3] 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. [4]

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 Sweden’s central bank

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.

<i>Principles of Corporate Finance</i> book by Richard A. Brealey

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 area of finance dealing with the sources of funding and the capital structure of corporations

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.

Honours

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. [5]

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.

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References

  1. Allen's CV
  2. "Professor Franklin Allen". Imperial College London. Retrieved 29 July 2017.
  3. "Editorial Board". Review of Finance. Oxford University Press. Retrieved 19 July 2013.
  4. http://fairobserver.com/advisors
  5. "Elections to the British Academy celebrate the diversity of UK research". British Academy. 2 July 2017. Retrieved 29 July 2017.