Michael Pagano, PhD

The Robert J. and Mary Ellen Darretta Endowed Chair in Finance, Professor, Finance & Real Estate | Villanova School of Business Villanova University

  • Villanova PA

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

Contact

Villanova University

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Areas of Expertise

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

Rutgers University

PhD

Rutgers University

MBA

Fordham University

BS

Select Accomplishments

University Outstanding Faculty Research Award

2018
Villanova University

McDonough Family Award for Research

2015
Villanova University

D. O’Mara Excellence in Graduate Teaching Award

2013
Villanova University

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Affiliations

  • 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

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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Research Grants

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

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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