PhD Concentrations Finance Faculty
The Carlson School Finance Department focuses on understanding financial decisions, markets, and institutions. Faculty research in these areas is internationally known and has been published in the best finance and economics journals. The department is committed to quality teaching at the undergraduate, MBA, and PhD levels.
Gordon Alexander received his PhD in finance in 1975 from The University of Michigan, where he also received a Master of Science in mathematics in 1973 and an MBA in finance in 1970. Previously he received a Bachelor of Science in business administration from the State University of New York-Buffalo in 1969.
Murray Frank was the President of the Midwest Finance Association (2017-2018). In recent years much of his work has focused on corporate capital structure. He is a co-founder of the Virtual Corporate Finance Wednesdays an international scholarly seminar series.
Robert Goldstein earned a PhD in finance from the University of California, Berkeley in 1996 and a PhD in physics from the University of Illinois, Urbana Champaign in 1992. Prior to the Carlson School, he served as an associate professor at Washington University, St.
Professor Pinar Karaca-Mandic (she/her/hers) teaches healthcare marketplace and medical technology evaluation. She is a University of Minnesota Distinguished McKnight University Professor. She is also the C. Arthur Williams Jr.
Dr. Xiaoji Lin is the US Bancorp Professor in Financial Markets and Institutions and a Professor of Finance at the University of Minnesota, Carlson School of Management. Before joining Minnesota in 2018, Dr. Lin taught at London School of Economics and Political Science and the Ohio State University (tenured in 2018).
Assistant Professor Erik Loualiche’s research focuses on asset pricing and macroeconomics, particularly the interaction
between industrial organization and asset pricing. He also studies the interaction between sources of macroeconomic
risk and corporate finance activity. Loualiche has taught applied econometrics, macroeconomics, microeconomics,
STEPHEN T. PARENTE, Ph.D., MPH, MS is a Professor in the Department of Finance and the Minnesota Insurance Industry Chair of Health Finance in Carlson School of Management at the University of Minnesota and Associate Dean of the Global Institute. From 2014-2017, he served as Associate Dean of MBA and MS programs. Dr.
Martin Szydlowski is an Assistant Professor of Finance at the Carlson School of Management, University of Minnesota. His research examines how agency conflicts influence firm investment, capital structure, and the optimal mix of managerial incentives. He also studies the impact of ambiguity aversion on incentive contracts.
Richard T. Thakor is an Assistant Professor of Finance at University of Minnesota, Carlson School of Management. He is a Research Affiliate at the MIT Laboratory for Financial Engineering (LFE), and is a Research Affiliate at the WFA Center for Finance and Accounting Research (WFA-CFAR) at Washington University in St. Louis.
Andrew Winton has been at the Finance Department of the University of Minnesota’s Carlson School of Management since 1998. He was at Northwestern University’s Kellogg Graduate School of Management from 1991 to 1998. He received an A.B. in Mathematics from Princeton University in 1980, an M.B.A. in Finance from the University of Pennsylvania (Wharton) in 1982, and a Ph.D.
Helen found a passion for finance during her 5-year stint with the U.S. Army. Post-Army, she earned her undergraduate and graduate degrees in Finance. She spent several years in the banking industry, working her way up from credit analyst to CFO.
Gerald Caruso has served as a lecturer at the Carlson School where he taught M&A related classes to both graduate and undergraduate students. He has also served as an adviser to the Carlson School's Investment Banking Club. He is a longtime investment banker with mergers and acquisitions and broad capital markets expertise.
Michael Finch, Ph.D., received his degree in Sociology from the University of Minnesota. Dr. Finch is known for his work on the cost, quality and financing of health care in the public and private markets.
Rahul Koranne, MD, MBA, FACP, serves as the President & Chief Executive Officer of the Minnesota Hospital Association which strives to improve the health of communities across the state by collaborating with health systems throughout Minnesota. Rahul trained in internal medicine and holds a fellowship in Geriatrics from University of Minnesota.
Boyd received his PhD in Applied Economics from the University of Pennsylvania. Prior to his current appointment at Minnesota, be was Senior Research Officer, Federal Reserve Bank of Minneapolis, and earlier Associate Professor of Finance at Kellogg Graduate School of Management, Northwestern University. Boyd has been or is consultant to the United
Timothy Nantell has held the following positions with the Carlson School: Acting Dean, Associate Dean of Faculty, Finance Department Chairperson, and Faculty Director of the MBA Program. He also initiated the Carlson Funds Enterprise. His current research and teaching interests concern valuation models and their application.