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Michael Pagano, PhD - Villanova University. Villanova, PA, US

Michael Pagano, PhD Michael Pagano, PhD

Professor and Chair of Finance | Villanova School of Business | Villanova University

Villanova, PA, UNITED STATES

Michael Pagano, PhD, is an expert on financial institutions, financial markets, risk management, investments, and international finance.

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Videos:

Villanova MSF Q&A with Professor Michael Pagano 1 Villanova MSF Q&A with Professor Michael Pagano 2

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Areas of Expertise (15)

Business Financial Markets Valuation Risk Management Mutual Funds Interest Rates Econometrics Banking Convergence International Finance Market Efficiency Quantitative Analysis Stock Trading Financial Institutions and Systems Exchange Traded Funds

Biography

Professor Pagano conducts empirical and theoretical analyses related to various issues in market microstructure, financial institution management, risk management, international finance, fixed income, and investments. He has been a Fulbright Scholar at the University of Costa Rica, as well as a visiting professor at the University of Otago in New Zealand and the American U. of Rome, and has received several awards for both teaching excellence and academic scholarship.

Professor Pagano is also involved with several boards at various institutions related to Supervisory, ALM, and Market Regulation committees. He has also worked in financial services industry for 10 years and has been referred to as "an academic with both Street sense and street smarts.

Education (3)

Rutgers University: PhD

Rutgers University: MBA

Fordham University: BS

Select Accomplishments (8)

University Outstanding Faculty Research Award (professional)

2018
Villanova University

McDonough Family Award for Research (professional)

2015
Villanova University

D. O’Mara Excellence in Graduate Teaching Award (professional)

2013
Villanova University

Research Excellence Award (professional)

2004, 2012
Villanova University

SFA Outstanding Paper in International Finance Award (professional)

2010
Southern Financial Associates

SFA Outstanding Paper in Investments Award (professional)

2005
Southern Financial Associates

U.S. Fulbright Scholarship, Costa Rica (professional)

2002-2003
U.S. Fulbright Program

Outstanding Scholar Award (professional)

2004-2005
Villanova University

Affiliations (5)

  • Member of the Financial Industry Regulatory Authority’s (FINRA) Market Regulation Committee
  • Program Chair and Organizer of the Mid-Atlantic Research Conference in Finance
  • Associate Editor, The Financial Review
  • Volunteer to the Board of Directors for Citadel Federal Credit Union
  • Independent Trustee of Alpha Architect ETF Trust

Select Media Appearances (5)

Why Warren Buffett Loves Buy-and-Hold Stocks

U.S. News & World Report  online

2016-09-07

"For a diversified equity portfolio of U.S. stocks, 10 to 15 years is long enough to overcome any bad timing in terms of entry points," says Michael Pagano, professor of finance at Villanova University in the greater Philadelphia area. "Any shorter than that and you run the risk that you buy at a peak and then have to sell out at a trough."

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When Corruption Helps the Bottom Line

The New York Times  online

2013-01-28

Most investors would agree that less corruption and more transparency in financial markets are good things. But in a contrarian way, a high degree of corruption in foreign markets can actually be beneficial. And that may provide an interesting counterargument to recent enforcement actions.

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Professor of the Week: Michael Pagano, Villanova School of Business

Financial Times  online

2012-01-26

Michael Pagano is professor of finance and the Robert J and Mary Ellen Darretta endowed chair in finance at Villanova University’s School of Business.

Prof. Pagano has conducted several empirical analyses related to various issues in market microstructure, financial institution management, risk management, international finance, cost of capital estimation and interest rate determination. He has published in numerous finance journals and serves as an associate editor of The Financial Review and on the editorial boards of the International Journal of Managerial Finance and Advances in Quantitative Analysis of Finance and Accounting.

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Analysts Ask: What Now, Nasdaq?

The Wall Street Journal  online

2011-02-11

"If these deals do happen, it does put Nasdaq a little bit back on the defensive when you think of how to compete with these growing megamergers," said Michael Pagano, professor of finance at Villanova School of Business in Pennsylvania. "Nasdaq has to really then think about what it is going to do, where it is going to expand."

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German Börse in Talks to Buy the Big Board

The New York Times  online

2011-02-09

Michael Pagano, a professor at the Villanova School of Business, said those floor specialists could help during times of market stress like the “flash crash” of May. “They could become something like the Maytag repairman,” he said. “He doesn’t necessarily do anything all day, but he’s there when you need him.”

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Research Grants (3)

Teaching Innovation Grant

Villanova University 

2017

Summer Research Support Grant

Villanova University 

2006-2010, 2012-2016

Nasdaq Stock Market Educational Foundation Grant

Nasdaq Stock Market 

2006

Select Academic Articles (5)

How have global financial institutions responded to the challenges of the post-crisis era? Applied Economics

MS Pagagno

2017

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Corruption’s impact on foreign portfolio investment International Business Review

PK Jain, E Kuvvet, MS Pagano

2017

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A comprehensive approach to measuring the relation between systemic risk exposure and sovereign debt Journal of Financial Stability

MS Pagano, J Sedunov

2016

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Large capital infusions, investor reactions, and the return and risk-performance of financial institutions over the business cycle Journal of Financial Stability

E Elyasiani, LJ Mester, MS Pagano

2014

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A call auction's impact on price formation and order routing: Evidence from the NASDAQ stock market Journal of Financial Markets

MS Pagano, L Peng, RA Schwartz

2013

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