Joel Shapiro

Joel Shapiro

Associate Professor of Finance


Saïd Business School
University of Oxford
Park End Street
Oxford
OX1 1HP

Profile

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.

Expertise

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

View Joel's personal website.

Research

Joel's latest and ongoing research focuses on drawing lessons from the global financial crisis.

Specifically, this research explores the areas of credit ratings, LIBOR, executive compensation, and shareholder activism. Joel has also carried out work on credit ratings agencies, bank resolution, conflicts of interest in retail financial products, and pricing strategies.

View Joel's research.

Engagement

Joel is regularly invited to present on financial governance and regulation at conferences and seminars around the world.

Joel has also presented his research at regulatory institutions such as the Securities and Exchange Commission, Bank of England, ESMA, Federal Reserve Bank of New York, Federal Reserve Bank of Philadelphia, and the European Central Bank among others.

Joel is a research affiliate of the Centre for Economic Policy Research.

Teaching

Joel teaches Business Finance to the School’s MBA and EMBA students.

Joel’s MBA students come from a diversity of backgrounds – some have a very strong grounding in finance, whilst others are new to the subject. Joel is able to increase the knowledge and understanding of beginners whilst still engaging the specialists. His strengths lie in making difficult concepts easy to understand through the use of discussion, practical applications and case studies in support of lectures.

Students

Joel supervises Saïd Business School doctoral students