John R. Graham

John R. Graham is the D. Richard Mead Jr. Family professor of finance at Duke University's Fuqua School of Business.  Professor Graham obtained his doctorate at Duke University in business finance. He has served on the faculties of the University of Utah and Duke University. He is a past winner of the "best teacher" award and also a recipient of the overall Outstanding Faculty award at Fuqua.

Graham's research focuses on corporate finance, including the cost of capital, payout policy, capital structure, financial reporting, and taxes. He has published more than two dozen scholarly articles in journals such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Business, the Journal of Accounting and Economics, and the Journal of Public Economics.  Graham is on the board of directors of the Financial Management Association and the American Finance Association, the two largest finance professional organizations.

Graham has published book chapters and practitioner articles in journals such as the Journal of Applied Corporate Finance and Financial Analysts Journal. His simulated corporate marginal tax rates are widely recognized and are used by Morningstar (Ibbotson Associates) in their well-known cost of capital publications. He has also researched the performance of investment newsletters and, along with Professor Campbell Harvey, created metrics for evaluating investment portfolios.

Graham is co-editor of the Journal of Finance and a past or current associate editor of the Journal of Finance, the Review of Financial Studies, Financial Management, Finance Research Letters. Graham's paper, "The Theory and Practice of Corporate Finance:  Evidence from the Field," was the winner of the 2002 Jensen Prize in Finance and is currently the most downloaded economics paper ever published by Elsevier.  His paper "Payout Policy in the 21st Century" won the 2005 Jensen prize, "Tax Shelters and Corporate Debt Policy" won the 2006 Jensen prize, and "The Economic Implications of Corporate Financial Reporting" won the 2006 Notable Contribution to Accounting Literature Award and the 2006 FARS (Financial and Reporting Section) best paper award, American Accounting Association.  Graham's paper "How Big are the Tax Benefits of Debt?" won the 2001 Brattle Prize for the best corporate finance paper published in the Journal of Finance, and "Value Destruction and Financial Reporting Decisions" won a 2006 Graham and Dodd Scroll Award.  (Many of these papers are co-authored - see www.duke.edu/~jgraham to identify the co-authors of these papers.)

Since 1997 Graham has been the director of the Global CFO Business Outlook (http://www.cfosurvey.org), a quarterly survey of financial executives about the business outlook around the world and topical economics issues.  He appears regularly on CNBC to present the results of the survey and is frequently interviewed in the print media and on NPR.  Graham is also a senior academic advisor to the Brattle Group and a research associate of the National Bureau of Economic Research.