William H. Lawrence Professor of Finance, the Wharton School, University of Pennsylvania
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Michael R. Roberts is the William H. Lawrence Professor of Finance at The Wharton School of the University of Pennsylvania, where he is recognized for his expertise in corporate finance and banking. He holds a B.A. in Economics from the University of California, San Diego, and both an M.A. in Statistics and a Ph.D. in Economics from the University of California, Berkeley. His research primarily focuses on corporate capital structure, payout policy, and the pricing and design of debt securities, along with the impact of government policies on corporate behavior.Professor Roberts has received numerous accolades for his research, including two Brattle Prizes for distinguished papers published in the Journal of Finance and various best paper awards from finance associations. He has served on multiple editorial boards, including as co-editor for the Journal of Finance. In addition to his research contributions, he is a dedicated educator who has won several teaching awards at Wharton, including the David W. Hauk Award and multiple Excellence in Teaching Awards.At Wharton, he teaches courses such as "Introduction to Corporate Finance" and "AI Applications in Marketing and Finance," where he imparts essential knowledge to students about financial principles and strategies. Through his extensive experience in academia and consulting, Professor Roberts continues to influence both theoretical and practical aspects of finance, preparing students to excel in the financial industry.