Michael Roberts

Michael Roberts, PhD

William H. Lawrence Professor; Professor of Finance, The Wharton School

Research Interests:Applied econometrics, corporate investment, capital structure

About Michael

Michael R. Roberts is the William H. Lawrence Professor and professor of finance at the Wharton School of the University of Pennsylvania. Professor Roberts is also a research associate of the National Bureau of Economic Research and associate faculty of the Institute for Law and Economics, and has founded and heads the Wharton Financial Analytics and Wharton Financial Proficiency initiatives.

Professor Roberts's research spans corporate finance, banking, and investments. Recent work has examined equity pricing anomalies, collateralized loan obligation (CLO) performance, and machine learning applications in investment banking. His research has received several awards, including two Brattle Prizes for Distinguished Paper published in the Journal of Finance; a Jensen Prize for best paper on corporate finance and organizations published in the Journal of Financial Economics; and Best Paper awards from the Financial Management Association, Southwestern Finance Association, Rodney L. White Center for Financial Research, Jacobs Levy Equity Management Center for Quantitative Financial Research, and Institute for Quantitative Research in Finance. Professor Roberts has served on numerous journal editorial boards, including the Journal of Finance, of which he was a co-editor.

In addition to his research, Professor Roberts is an acclaimed teacher. At the Wharton School, his accolades include the David W. Hauk Award, five Excellence in Teaching Awards, and multiple nominations for the Helen Kardon Moss Anvil Teaching Award. While at Duke University, he won the Daimler-Chrysler Core Teaching Award at the Fuqua School of Business. He has taught undergraduate, MBA, PhD, and executive education courses in finance, economics, statistics, and data analytics. Outside of academia, Professor Roberts has worked as a financial engineer and consultant, providing services to many financial and nonfinancial corporations as well as expert testimony in corporate legal matters.

Professor Roberts earned his BA in Economics from the University of California at San Diego, and his MA in Statistics and PhD in Economics from the University of California at Berkeley.

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Executive Education Programs Taught

Advanced Finance Program

Accelerate your career by mastering multiple in-demand disciplines within the finance industry. This comprehensive, tailored learning journey takes you through six open-enrollment programs — each led by Wharton’s renowned Finance faculty. Upon completion, you will be granted highly sought-after Wharton alumni status.

Business Essentials for Executives

Accelerate your career with an in-depth understanding of the core concepts that drive business in every industry. Tap into the minds of Wharton’s world-renowned MBA faculty to become a stronger, more decisive leader.

Corporate Valuation

Academic Director

Learn how to evaluate the financial implications of strategic business decisions through financial modeling. Become more effective at communicating the consequences of financial decisions to your organization’s key stakeholders.

Executive Development Program

Ascend to greater levels of management by honing your business acumen in multiple core competencies and advance your strategic decision-making capabilities to think faster, smarter, and more creatively. Intensive executive coaching from Wharton’s world-renowned faculty prepares you to lead your organization through the massive disruption happening in industries everywhere.

Fixed Income and Credit Market Investing

Academic Director

Fixed-income investing and risk management have become more important as near-zero interest rates fade into memory. Though the market presents challenges, these new fixed-income products offer an attractive opportunity for investment. Wharton Finance faculty and industry experts combine academic research with proven strategies to empower participants to engage in fixed-income investing and risk management.

Wharton Finance for Executives

Academic Director

Demystify the process of creating shareholder value; gain techniques to evaluate the financial impact and value of strategic decisions; and explore issues such as capital structures, diversification, and risk.