Director of Doctoral Programs & Professor of Finance
Anjan Thakor holds the John E. Simon Professorship of Finance, Director of the Olin Business School’s PhD program, and Director of the WFA Center for Finance and Accounting Research. Until July 2003, he was the Edward J. Frey Professorship of Banking and Finance and Chairman of the Finance Group at the University of Michigan Business School. Prior to joining Michigan, he served as the NBD Professor of Finance and Chairman of the Finance Department at the School of Business at Indiana University. Anjan has also served on the faculties of Northwestern University and UCLA He received his PhD in Finance from Northwestern University.
He is a research associate of the European Corporate Governance Institute and a Fellow of The Financial Theory Group. He has served as managing editor of Journal of Financial Intermediation from 1996-2005 and currently serves as an associate editor. He is past-President and a founder of the Financial Intermediation Research Society.
Anjan’s research interests focus on banking, information economics, and corporate finance. His current research focuses on financial stability, bank capital, innovation, culture and the economics of higher purpose. He has published research articles in leading economics and Finance journals, like The American Economic Review, The Review of Economic Studies, The RAND Journal of Economics, The Economic Journal, International Economic Review, The Journal of Finance, The Journal of Economic Theory, The Journal of Financial Economics, The Journal of Financial Intermediation, and The Review of Financial Studies. In addition to his many published articles, monographs, and book chapters, Anjan has written numerous books, including: The Economics of Higher Purpose (Barrett-Koehler Publishers), The Purpose of Banking: Transforming Banking for Stability and Economic Growth (Oxford University Press; 2019), Contemporary Financial Intermediation (Elsevier, Fourth edition, 2019) Credit, Intermediation and the Macroeconomy: Models and Perspectives (Oxford University Press, 2004), Designing Financial Systems in Transition Economies (MIT Press, 2002), The Value Sphere: The Corporate Executive’s Handbook For Creating and Retaining Shareholder Wealth (World Scientific Press, 2009 ), Competing Values Leadership ( Edward Elgar Publishing, 2006), and Handbook of Financial Intermediation and Banking (Elsevier, 2008).
In an article published in 2008, he was identified as the fourth most prolific researcher in the world in Finance over the past 50 years based on publications in the top seven Finance journals over that time. In another paper published in 2017, he was listed as one of the five-most prolific Finance authors during 2005–15. In 2021, he received a Lifetime Achievement Award from The Financial Intermediation Research Society for his contributions to financial intermediation research. Anjan has also been actively involved in advising PhD students who have gone on to enjoy distinguished academic careers. He has chaired PhD dissertation committees of over 30 students, and two of his former students from Indiana and Michigan are now his colleagues at Washington University in St. Louis. He has won numerous teaching awards in the MBA, Executive MBA, and PhD programs at Indiana University, University of Michigan and Washington University in St. Louis.