​Olin Faculty

Return to Previous Screen
Faculty | Anjan Thakor | WashU Olin Business School
Anjan Thakor

Director of Doctoral Programs & CFAR and John E. Simon Professor of Finance

Area of Expertise:

Banking and Financial Institutions, Corporate Finance, Corporate Governance, Innovation and Growth, Banking and Financial Institutions, Corporate Finance, Corporate Governance, Innovation and Growth

Research Interests:

Corporate finance, financial intermediation and economics of asymmetric information.

Selected Publications:

  • "Financial System Development and Political Intervention", World Bank Economic Review, Issue 1, with F. Song, 2012
  • "Robust Capital Regulation", Federal Reserve Bank of New York Current Issues in Economics and Finance, Issue 18-3, with V. Acharya, H. Mehran, T. Schuermann, 2012
  • "Incentives to Innovate and Financial Crises", Journal of Financial Economics, Issue 1, 130-148, 2012
  • "Managerial Autonomy, Allocation of Control Rights, and Optimal Capital Structure", Review of Financial Studies, Issue 10, 3434-3485, with A. Boot, 2011
  • "Financial System Architecture and the Co-evolution of Banks and Markets", The Economic Journal, Issue 547, 1021-1255, with F. Song, 2010
  • "Overconfidence, Leadership Selection, and Corporate Governance", Journal of Finance, Issue 6, 2737-2784, with A. Goel, 2008
  • "Why Do Firms Issue Equity?", Journal of Finance, Issue 1, 1-54, with A. Dittmar, 2007
  • "The Entrepreneur's Choice Between Private and Public Ownership", Journal of Finance, Issue 2, 803-836, with A. Boot, R. Gopalan, 2006

Academic/Professional Activities:

  • Publisher, Academic Press
  • Guest Editor, Special Issue of Financial Management on Corporate Investments
  • Committee Member, Western Finance Association Program Committee
  • Committee Member, Western Finance Association Program Committee
  • Managing Editor, Journal of Financial Intermediation
  • Officer, President/Elect/Past, Financial Intermediation Research Society
  • Editor, Journal Editor, Journal of Financial Intermediation


  • Reid Teaching Award - Executive MBA St. Louis/Kansas City, Olin Business School, 2017
  • Reid MBA Teaching Excellence Award, Olin School of Business, 2005
  • Outstanding Teacher in Doctoral Program, University of Michigan Business School, 2003
  • American Finance Association Nominating Committee for Vice-Presidents and Directors, 2001
  • Outstanding Senior Faculty Research Award, University of Michigan Business School, 1999
  • Nobel Prize in Economics Nominating Committee, 1993

Personal Interests:

Professor Thakor enjoys painting, skiing and weight lifting
Anjan Thakor

Prior to joining the Olin Business School, Thakor was The Edward J. Frey Professor of Banking and Finance at the Ross School of Business, University of Michigan, where he also served as chairman of the Finance area. He has served on the faculties of Indiana University, Northwestern University, and UCLA. He has worked with many companies, including Whirlpool Corporation, Allison Engine Co., Citigroup, RR Donnelley, Dana Corporation, Anheuser-Busch, Zenith Corporation, Lincoln National Corporation, J.P. Morgan, Landscape Structures, Inc., CIGNA, Borg-Warner Automotive, Waxman Industries, Reuters, The Limited, Ryder Integrated Logistics, AT&T, CH2M Hill, Takata Corporation, Tyson Foods, Spartech, and Bunge. He also served as an expert witness in many federal cases involving banking litigation.

Anjan Thakor's Home Page
Anjan Thakor's Curriculum Vitae
Phone: (314) 935-7197

PhD 1979, Northwestern University