Franklin Allen is the Nippon Life Professor of Finance and Economics at the Wharton School of Business. Additionally, he is a co-director of Financial Institutions Center at Wharton, and formerly vice dean and director of Wharton Doctoral Programs. He has served in various editorial capacities at several of the world’s top academic journals for finance and economics. A frequent winner of Wharton teaching awards, Allen’s research has focused on corporate finance, asset pricing and the economics of information. He is president of the American Finance Association. Frank Allen received his doctorate from the University of Oxford.