Professor Joel Shapiro

Professor Joel Shapiro

Professor of Financial Economics


Joel's main area of expertise is the regulation and governance of financial institutions.

Joel has conducted research on Credit Rating Agencies, corporate governance in banks, executive compensation, LIBOR, and conflicts of interest in retail finance.

He is published in top international journals such as the Journal of Finance, Journal of Financial Economics, and the Review of Financial Studies. His work has been cited by regulators such as the SEC, the Federal Reserve Board of Governors and the European Commission, and he has been invited by regulatory authorities such as the SEC, Bank of England, ESMA, New York Fed, and ECB to present his work and discuss policy matters.  

Prior to joining Saïd Business School, Joel was a tenured associate professor at Universitat Pompeu Fabra in Barcelona. He received his PhD  in Economics in 2000 from Princeton University. He has been a visiting lecturer for the University of Wisconsin-Madison and the New York University Stern School of Business as well as visiting researcher for the Federal Reserve Bank of New York. 

Joel is also an Associate Editor at the Journal of Corporate Finance.


  • Regulation of financial institutions
  • Corporate governance
  • Conflicts of interest
  • Executive pay and risk-taking 
  • Competition policy
  • Microeconomics