The Fama-Miller Center was founded to promote and enhance academic research in finance at the University of Chicago Booth School of Business.

The Fama-Miller Center was founded to promote and enhance academic research in finance at the University of Chicago Booth School of Business. We build on a deep and distinguished tradition represented by the seminal contributions and intellectual and personal leadership provided by Gene Fama and Merton Miller. The center's mission is to maintain and advance this legacy.

The nature of finance research has changed dramatically over the last few decades. In part, the world we study has changed. We have seen an explosion of new markets, instruments, and financial institutions. We have seen rapid changes in the nature of and access to information. New corporate structures and funding mechanisms have emerged, and regulation has expanded and shifted. In part, the nature of the research business itself has changed. The profession is much larger and more specialized. The internet and vastly expanding data have changed how we work. And, of course, ideas have advanced.

These developments have sparked a broad and diverse set of research programs, requiring new levels of support and collaboration. In this evolving world of finance research, the model of individual faculty acting alone, even if well funded, is no longer adequate. The institutional structure and resources provided by a center will be crucial to achieving our goals. These are public goods that individual faculty cannot provide.

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Research Highlights

FMC Welcomes New Cohort of Research Professionals

This summer five new research professionals joined the center: Jiaofen (Vanessa) Hu, Simone Ricci, Yash Srivastav, Xixian (Steven) Wu, and Zi Ye. Visit the research professional page to learn more about them and the program. 

 

Call for Papers for Upcoming Finance Theory Group Conference

The Fama-Miller Center is co-hosting a special Finance Theory Group conference titled, "Bridging Theory and Empirical Research in Finance". The goal of the conference is to bridge theory and empirical research in finance by bringing together theorists and empirical researchers working on corporate finance, financial intermediation, and financial markets.

To learn more about the conference and submit a paper, visit the FTG conference page

 

Research Professionals Start PhD Programs

Four of the center's research professionals have completed the program and are starting their PhD programs this fall: Yann Decressin (UChicago Econ); Laurenz De Rosa (Chicago Booth Joint Econ/Finance); Daniel Huang (Yale Finance); and Michael Yip (Stanford GSB Finance).  

Visit this page to learn more about our current and past research professionals