Photo of Michael Roberts

Michael Roberts

William H. Lawrence Professor, Professor of Finance

Research Interests: applied econometrics, corporate investment, capital structure, and payout policy, empirical asset pricing, security design and contract renegotiation

Links: Personal Website

Contact Information

Address: 2320 Steinberg-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104
Office: (215) 573-9780



PhD, University of California at Berkeley, 2001; MA, University of California at Berkeley, 2001; BA, University of California at San Diego, 1992

Career and Recent Professional Awards; Teaching Awards

The Brattle Prize for Distinguished Paper in The Journal of Finance, 2006, 2008; Excellence in Teaching, Duke University, Fuqua School of Business, 2004; The David W. Hauck Award for Outstanding Teaching, The Wharton School, 2006; Excellence in Teaching Award, The Wharton School, 2006, 2008

Academic Positions Held

Wharton: 2004-present. Previous appointments: Duke University, Fuqua School of Business; University of California at Berkeley

Other Positions

Research Associate, National Bureau of Economic Research; Visiting Scholar, Federal Reserve Bank of Philadelphia, 2007; Financial Engineer, FEA Inc., 1998-1999; Senior Analyst, Regional Economic Research, 1992-1995

Professional Leadership 2005-2009

Editorial Boards: Journal of Finance, Review of Financial Studies,Journal of Financial and Quantitative Analysis, Review of Corporate Finance Studies, Financial Research Letters, International Review of Finance



  • FNCE728 - Corporate Valuation

    The focus of this course is on the valuation of companies. Topics discussed include discounted cash flow techniques and valuation using alternative valuation techniques such as price multiples. Emphasis is on developing the required information for valuation from financial statements and other information sources.