Anjan V. Thakor

Washington University, St. Louis - John M. Olin School of Business, European Corporate Governance Institute (ECGI)

Anjan Thakor holds the John E. Simon Professorship of Finance at Washington University in St. Louis. He is Director of the Olin Business School’s Ph.D. program and Director of the WFA Center for Finance and Accounting Research. 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. 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 in the world during 2005–15. Anjan has won numerous teaching awards. He is actively involved in corporate consultancy and expert witness work, including extensive work in corporate finance and banking. He is a frequent speaker at corporate events and has helped various types of organizations, including numerous Fortune 500 firms, navigate the complexities of financing, capital investment, and performance evaluation for strategic decision-making.

His publications include:

  • “Bank Culture”, Journal of Financial Intermediation, [In Press], with F. Song
  • “Lending Booms, Smart Bankers, and Financial Crises”, American Economic Review (P&P), Issue 5, 305-309, 2015
  • “Incentives to Innovate and Financial Crises”, Journal of Financial Economics, Issue 103(1), 130-148, 2012
  • “Financial Intermediation as a Beliefs-Bridge Between Optimists and Pessimists”, Journal of Financial Economics, Issue 75(3), 535-570, with J. Coval, 2005
  • “The Entrepreneur’s Choice Between Private and Public Ownership”, Journal of Finance, Issue 61(2), 803-836, with A. Boot, R. Gopalan, 2006
  • “Why Do Firms Issue Equity?”, Journal of Finance, Issue 62(1), 1-54, with A. Dittmar, 2007
  • “Overconfidence, Leadership Selection, and Corporate Governance”, Journal of Finance, Issue 63(6), 2737-2784, with A. Goel, 2008