Prof. Paul Pfleiderer

Professor Paul Pfleiderer

Senior Advisor

Paul Pfleiderer, the C.O.G. Miller Distinguished Professor of Finance at the Stanford Graduate School of Business (GSB), received BA, M.Phil. and Ph.D. degrees from Yale University, all in the field of economics. He has been teaching at Stanford since 1981, and was the 2012 Robert T. Davis Faculty Award winner for lifetime achievement at the GSB. His research, widely published in leading journals, has been focused on issues arising in financial markets when traders are asymmetrically informed. He has developed models to analyze how information is incorporated in prices through trading and how information flows determine trading volume. He has also analyzed how information is sold to investors when the value of the information is reduced the more widely it is disseminated. In addition, he has studied problems in measuring active funds’ performance, contracting concerns in venture financing, policy issues related to disclosure requirements, explanations for the stock market crash of 1987, corporate governance and banking regulation. His recent research and teaching interests involve issues related to investor responsibility and impact capital.