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, UNITED STATES
Michael Pagano, PhD, is an expert on financial institutions, financial markets, risk management, investments, and international finance.
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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
Links (1)
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."
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.
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.
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."
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.”
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 EconomicsMS Pagagno
2017
Corruption’s impact on foreign portfolio investment
International Business ReviewPK Jain, E Kuvvet, MS Pagano
2017
A comprehensive approach to measuring the relation between systemic risk exposure and sovereign debt
Journal of Financial StabilityMS Pagano, J Sedunov
2016
Large capital infusions, investor reactions, and the return and risk-performance of financial institutions over the business cycle
Journal of Financial StabilityE Elyasiani, LJ Mester, MS Pagano
2014
A call auction's impact on price formation and order routing: Evidence from the NASDAQ stock market
Journal of Financial MarketsMS Pagano, L Peng, RA Schwartz
2013
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