Prof. Richard T. Thakor
3-255 Carlson School
PDF icon Curriculum Vitae (54.91 KB)

Update Profile

Richard Thakor

Assistant Professor


  • Ph.D. 2016
    Financial Economics, Massachusetts Institute of Technology (MIT)

  • M.S. 2015
    Management Research, Massachusetts Institute of Technology (MIT)

  • MSc 2008
    Finance and Economics, London School of Economics

  • B.A. 2007
    Economics and Psychology, Washington University in St. Louis


  • Corporate Finance, R&D Investments, Healthcare Finance, Financial Institutions

Selected Works

Customers and Investors: A Framework for Understanding the Evolution of Financial Institutions (with Robert C. Merton). Forthcoming, Journal of Financial Intermediation
Just How Good an Investment is the Biopharmaceutical Sector? (with Nicholas Anaya, Yuwei Zhang, Christian Vilanilam, Kien Wei Siah, Chi Heem Wong, and Andrew W. Lo). Nature Biotechnology 35 (12), 1149–1157 (2017)
Liquidity Windfalls and Reallocation: Evidence from Farming and Fracking
Competition and R&D Financing: Evidence from the Biopharmaceutical Industry (with Andrew W. Lo)
Sharing R&D Risk in Healthcare via FDA Hedges (with Adam Jørring, Andrew W. Lo, Tomas J. Philipson, and Manita Singh)
Optimal Contracts, Managerial Rents, and Efficient Short-termism
The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis (with Nittai Bergman and Rajkamal Iyer)
Optimal Financing for R&D-intensive Firms (with Andrew W. Lo)
Trust in Lending (with Robert C. Merton)

Current Activities

  • Teaching:

    • FINA 4221 Principles of Corporate Finance (Undergraduate)
    • FINA 6241 Corporate Financial Analysis and Decisions (PMBA)