Photo of Franklin Allen

Franklin Allen

Nippon Life Professor of Finance

Professor of Economics

Research Interests: asset pricing, corporate finance, economics of information

Links: CV, Personal Website

Contact Information

Address: 2253 Steinberg-Dietrich Hall, Philadelphia, PA 19104
Email: allenf@wharton.upenn.edu
Office: (215) 898-3629

Overview

Education

DPhil, University of Oxford, 1980; MPhil, University of Oxford, 1979; BA, University of East Anglia, 1977

Career and Recent Professional Awards; Teaching Awards

The Class of 1984 Teaching Award, 1996, 1997; Helen Kardon Moss Anvil Award, 1993, 1999; Excellence in Teaching Award (Graduate Division), 1990, 1993, 1996, 1997, 1998, 1999, 2000, 2001, 2002; Miller-Sherrerd MBA Core Teaching Award, 1992, 1993, 1996, 1997, 1999, 2000, 2001, 2002; Undergraduate Division Excellence in Teaching Award, 1991; Lindback Award for Distinguished Teaching, 2001.

Academic Positions Held

Wharton: 1980-present (named Nippon Life Professor of Finance, 1994; Vice Dean and Director, Doctoral Programs, 1990-93; Associate Director, Doctoral Programs, 1988-90; Co-Director, Financial Institutions Center, 2000-present). Visiting appointments: University of Oxford; University of Tokyo; University of Frankurt; Princeton University. Adjunct Appointments: New York University.

Professional Leadership 2005-2009

President, American Finance Association, 2000; Associate Editor, Financial Management, 1991-present

Corporate and Public Sector Leadership 2005-2009

Director, The Glenmede Fund, 1991-present

Research


In The News

Knowledge @ Wharton

Courses

Previous

  • FNCE399 - Supervised Study in Finance

    Integrates the work of the various courses and familiarizes the student with the tools and techniques of research.

  • FNCE611 - Corporate Finance

    This course serves as an introduction to business finance (corporate financial management and investments) for both non-majors and majors preparing for upper-level course work. The primary objective is to provide a framework, concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory. The approach is rigorous and analytical. Topics covered include discounted cash flow techniques; corporate capital budgeting and valuation; investment decisions under uncertainty; capital asset pricing; options; and market efficiency. The course will also analyze corporate financial policy, including capital structure, cost of capital, dividend policy, and related issues. Additional topics will differ, according to individual instructors.