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John Graham (economist)
Encyclopedia
John R. Graham is an American
financial economist
, a professor
at the Duke University
Fuqua School of Business
, a research associate for the NBER
and a regular guest commentator on CNBC
. A Phi Beta Kappa winner, Graham has accumulated a lengthy list of award winning research papers.
College of William and Mary
in 1983, an M.A.
from Virginia Commonwealth University
in 1988 and a Ph.D from Duke University
in 1994. As a scholar he was elected to the Phi Beta Kappa honor society
as an undergraduate and to the Alpha Iota Delta, Beta Gamma Sigma
, and Phi Kappa Phi
honor societies as a graduate student. Upon completion of his Ph.D., he obtained a position as an Assistant Professor of Finance at Utah University teaching undergraduates, M.B.A. students, and Ph.D.
students.
In 1997, Graham accepted a position as an Assistant Professor of Finance at Duke University's Fuqua School of Business
. He was promoted to Associate professor in 1999 and full professor in 2004. In 1998 and 1999, he had 3 research papers nominated for either the annual Smith Breeden Prize
as the best published
in the Journal of Finance
or the annual Brattle Prize
as best corporate finance paper published in the Journal of Finance. In 2000, he won the Brattle Prize for "How Big Are the Tax Benefits of Debt?". In 2001, he won the Jensen Prize
for the best corporate finance paper published in the Journal of Financial Economics
for "The Theory and Practice of Corporate Finance: Evidence from the Field" (with Campbell Harvey
). He again won the Jensen Prize in 2005 for "Payout Policy in the 21st Century" (with Alon Brav, Campbell Harvey and Roni Michaely
) and in 2006 for "Tax Shelters and Corporate Debt Policy" (with Alan Tucker).
Graham is also the co-editor of the Journal of Finance and a member of the Board of Directors
of the American Finance Association
. Graham appears quarterly on CNBC
's Closing Bell
to discuss the
"Duke/CFO Business Outlook Survey". As the overseer of the survey, he is quoted in a variety of mass media
, such as The Wall Street Journal
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
financial economist
Financial economics
Financial Economics is the branch of economics concerned with "the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment"....
, a professor
Professor
A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...
at the Duke University
Duke University
Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B...
Fuqua School of Business
Fuqua School of Business
The Fuqua School of Business is the business school of Duke University in Durham, North Carolina, United States. It currently enrolls 1,340 students in degree-seeking programs...
, a research associate for the NBER
National Bureau of Economic Research
The National Bureau of Economic Research is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end...
and a regular guest commentator on CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
. A Phi Beta Kappa winner, Graham has accumulated a lengthy list of award winning research papers.
Professional career
Graham obtained a B.A.Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
College of William and Mary
College of William and Mary
The College of William & Mary in Virginia is a public research university located in Williamsburg, Virginia, United States...
in 1983, an M.A.
Master of Arts (postgraduate)
A Master of Arts from the Latin Magister Artium, is a type of Master's degree awarded by universities in many countries. The M.A. is usually contrasted with the M.S. or M.Sc. degrees...
from Virginia Commonwealth University
Virginia Commonwealth University
Virginia Commonwealth University is a public university located in Richmond, Virginia. It comprises two campuses in the Downtown Richmond area, the product of a merger between the Richmond Professional Institute and the Medical College of Virginia in 1968...
in 1988 and a Ph.D from Duke University
Duke University
Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B...
in 1994. As a scholar he was elected to the Phi Beta Kappa honor society
Honor society
In the United States, an honor society is a rank organization that recognizes excellence among peers. Numerous societies recognize various fields and circumstances. The Order of the Arrow, for example, is the national honor society of the Boy Scouts of America...
as an undergraduate and to the Alpha Iota Delta, Beta Gamma Sigma
Beta Gamma Sigma
Beta Gamma Sigma or ΒΓΣ is an honor society for business students and scholars. Founded in 1913 at the University of Wisconsin, it has over 650,000 members, selected from over 500 chapters in AACSB-accredited business schools...
, and Phi Kappa Phi
Phi Kappa Phi
The Honor Society of Phi Kappa Phi is an honor society established 1897 to recognize and encourage superior scholarship without restriction as to area of study and to promote the "unity and democracy of education"...
honor societies as a graduate student. Upon completion of his Ph.D., he obtained a position as an Assistant Professor of Finance at Utah University teaching undergraduates, M.B.A. students, and Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
students.
In 1997, Graham accepted a position as an Assistant Professor of Finance at Duke University's Fuqua School of Business
Fuqua School of Business
The Fuqua School of Business is the business school of Duke University in Durham, North Carolina, United States. It currently enrolls 1,340 students in degree-seeking programs...
. He was promoted to Associate professor in 1999 and full professor in 2004. In 1998 and 1999, he had 3 research papers nominated for either the annual Smith Breeden Prize
Smith Breeden Prize
The Smith Breeden Prize is an annual prize given to authors with the best finance research papers published in the Journal of Finance in any area other than corporate finance.-The Award:...
as the best published
Academic publishing
Academic publishing describes the subfield of publishing which distributes academic research and scholarship. Most academic work is published in journal article, book or thesis form. The part of academic written output that is not formally published but merely printed up or posted is often called...
in the Journal of Finance
Journal of Finance
The Journal of Finance is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the American Finance Association. It was established in 1946. Its current editors are Campbell R. Harvey and John R. Graham...
or the annual Brattle Prize
Brattle Prize
The Brattle Prize is an annual prize given to authors with the best corporate finance research papers published in the Journal of Finance.-Details:Each year the associate editors of the Journal of Finance award five papers for excellence...
as best corporate finance paper published in the Journal of Finance. In 2000, he won the Brattle Prize for "How Big Are the Tax Benefits of Debt?". In 2001, he won the Jensen Prize
Jensen Prize
The Jensen Prize is an annual prize given to authors with the best corporate finance and organizations research papers published in the Journal of Financial Economics...
for the best corporate finance paper published in the Journal of Financial Economics
Journal of Financial Economics
The Journal of Financial Economics or JFE, is a peer-reviewed academic journal covering the theory of financial economics. Together with the Journal of Finance and the Review of Financial Studies, it is considered to be among the top three finance journal. The editor is Bill Schwert...
for "The Theory and Practice of Corporate Finance: Evidence from the Field" (with Campbell Harvey
Campbell Harvey
Campbell Russell “Cam” Harvey is a Canadian economist, known for his work on asset allocation with changing risk and risk premiums and emerging markets finance. He is currently the J...
). He again won the Jensen Prize in 2005 for "Payout Policy in the 21st Century" (with Alon Brav, Campbell Harvey and Roni Michaely
Roni Michaely
Professor Roni Michaely is a Rudd Family Professor of Management and a Professor of Finance at Cornell University's Johnson Graduate School of Management. He obtained his PhD from New York University....
) and in 2006 for "Tax Shelters and Corporate Debt Policy" (with Alan Tucker).
Graham is also the co-editor of the Journal of Finance and a member of the Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of the American Finance Association
American Finance Association
The American Finance Association is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939...
. Graham appears quarterly on CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
's Closing Bell
Closing Bell
Closing Bell can refer to two CNBC programs, the original Closing Bell on CNBC , and European Closing Bell on CNBC Europe.-About the show:...
to discuss the
"Duke/CFO Business Outlook Survey". As the overseer of the survey, he is quoted in a variety of mass media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
, such as The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
.