Anat R. Admati

Anat Admati

Anat R. Admati

  • George G.C. Parker Professor of Finance and Economics, Stanford Graduate School of Business
  • Director of the Corporations and Society Initiative, Stanford Graduate School of Business
  • Director of the Program on Capitalism and Democracy, Center on Democracy, Development and the Rule of Law
  • Senior Fellow, Stanford Institute for Economic Policy Research
  • Senior Fellow (by courtesy), Freeman Spogli Institute for International Studies

Biography

Anat R. Admati is the George G.C. Parker Professor of Finance and Economics at Stanford University Graduate School of Business (GSB), a Faculty Director of the GSB Corporations and Society Initiative, and a senior fellow at Stanford Institute for Economic Policy Research. She has written extensively on information dissemination in financial markets, portfolio management, financial contracting, corporate governance and banking. Admati’s current research, teaching and advocacy focus on the complex interactions between business, law, and policy with focus on governance and accountability.

Since 2010, Admati has been active in the policy debate on financial regulations. She is the co-author, with Martin Hellwig, of the award-winning and highly acclaimed book The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It (Princeton University Press, 2013; bankersnewclothes.com). In 2014, she was named by Time Magazine as one of the 100 most influential people in the world and by Foreign Policy Magazine as among 100 global thinkers.

Admati holds BSc from the Hebrew University, MA, MPhil and PhD from Yale University, and an honorary doctorate from University of Zurich. She is a fellow of the Econometric Society, the recipient of multiple fellowships, research grants, and paper recognition, and is a past board member of the American Finance Association. She has served on a number of editorial boards and is a member of the FDIC’s Systemic Resolution Advisory Committee, a former member of the CFTC’s Market Risk Advisory Committee, and a former visiting scholar at the International Monetary Fund.

publications

Working Papers
September 2025

Profitable Misconduct, Corporate Governance, and Law Enforcement

Author(s)
Profitable Misconduct, Corporate Governance, and Law Enforcement

In The News

After a deadly wildfire in 2018, Pacific Gas & Electric pleaded guilty to more than 80 counts of involuntary manslaughter.
News

When “Good” Corporate Governance Creates Incentives for Bad Behavior

A new paper by Stanford Graduate School of Business finance professors Anat Admati and Paul Pfleiderer, and Nathan Atkinson, PhD ’19, an assistant professor of law at the University of Wisconsin–Madison, explores how the rules governing corporate misconduct can fall short of their objectives and even encourage worse behavior.
When “Good” Corporate Governance Creates Incentives for Bad Behavior
Anat Admati if/then podcast hero
News

Who Deserves Our Trust?

There’s an important distinction between trust and trustworthiness, according to Anat Admati, the George G.C. Parker Professor of Finance and Economics at Stanford Graduate School of Business and co-author of "The Bankers’ New Clothes."
Who Deserves Our Trust?
Larry Diamond, Patrick Alley, and Anat Admati
News

Stanford Launches New Program on Capitalism and Democracy

The Corporations and Society Initiative (CASI) at the Stanford Graduate School of Business and the Center on Democracy, Development and the Rule of Law at FSI collaborate to address democratic recession.
Stanford Launches New Program on Capitalism and Democracy