R.H. Smith School of Business, University of Maryland
Research Associate, National Bureau of Economic Research, 2002- present.
Visiting Professor, Insead, 2009-2010.
Visiting Professor, Fuqua School, Duke University, 1/2003-2/2003.
Visiting Professor, MIT Sloan School of Management, 2001-2002.
Background and Area of Expertise:
Gordon Phillips is the Bank of America professor at the University of Maryland and a
research associate at the National Bureau of Economic Research (NBER). He also has been a visiting professor at Insead, MIT and Duke University. He received his MA and Ph.D. from Harvard University and his undergraduate degree from
His areas of research include corporate finance and how financial decisions
impact firms' strategic decisions, and contracting in financial markets.
His work in corporate finance includes studies of private equity issuance, capital structure, Chapter 11 bankruptcy, how leverage buyouts and other forms of
high debt influence a firms' and rivals' investment decisions. Recent research published in the Review of Financial Studies has been on
applying computational linguistics to firm financial statements to analyze merger synergies, dividends and product marekt competition. Researc published in the
Journal of Finance has been on real and financial booms and busts and mergers and acquisitions and how firms organize across multiple markets. He recently presented the keynote address on PIPEs (private investment in public equity) to an
audience of executives and finance professionals. He has served as an associate editor at The Review of Financial Studies and The Journal of Corporate Finance.
At Maryland, he has taught the first-year core MBA finance course, an advanced second year corporate finance course and introductory and advanced Ph.D. courses. He has also
taught executive MBA courses in introductory and advanced finance. He has received the Krowe teaching award for teaching excellence in
the MBA core course in finance.
© 2004, Gordon M. Phillips