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John R. Graham

D. Richard Mead, Jr. Family Distinguished Professor of Business Administration
Fuqua School of Business
Box 90120, Durham, NC 27708-0120
417W Fuqua Sch of Bus, Durham, NC 27708

Overview


Dr. John R. Graham is D. Richard Mead professor of finance at the Fuqua School of Business, where he has won the Outstanding Faculty and several Best Teacher awards, and a research associate of the National Bureau of Economic Research. His research focuses on taxes, capital structure, cash management, governance, financial reporting, and payout policy and has research awards including the Jensen Prize, the Brattle Prize, and the Notable Contribution to Accounting Award. Kroll (Duff and Phelps) publishes his corporate tax rate and optimal capital structure analyses in their Valuation publications. Graham has been president and a director of the American Finance Association (AFA), the Financial Management Association (FMA) and the Western Finance Association, and is a fellow of the AFA and FMA. Graham co-edited The Journal of Finance for six years and worked as a senior economist at Virginia Power for seven years. Graham has directed The CFO Survey (now conducted jointly with the Federal Reserve Banks of Richmond and Atlanta) since 1997.

Current Appointments & Affiliations


D. Richard Mead, Jr. Family Distinguished Professor of Business Administration · 2006 - Present Fuqua School of Business
Professor of Business Administration · 2004 - Present Fuqua School of Business

In the News


Published June 26, 2024
Fuqua CFO Survey: Companies Ramp Up Automation and AI as Inflation Persists
Published December 7, 2021
The CFO Survey: CFOs report rising costs that could last through 2022
Published October 14, 2021
Cost Pressures Mount Amid Widespread Supply Disruption and Labor Shortages

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Recent Publications


Uncertainty, corporate investment, and hiring: The case of COVID-19

Journal Article Economics Letters · November 1, 2024 We investigate how the COVID-19 pandemic affected CFOs’ self-assessed uncertainty about revenue growth and its impact on investment and hiring plans, using data from two consecutive surveys of the same CFOs conducted before and during the pandemic. Followi ... Full text Cite

Foreword to how to conduct qualitative research in finance

Journal Article How to Conduct Qualitative Research in Finance · July 23, 2024 Full text Cite

Employee Costs of Corporate Bankruptcy

Journal Article Journal of Finance · August 1, 2023 An employee's annual earnings fall by 13% in the first full calendar year after her firm's bankruptcy, and the present value of lost earnings from bankruptcy to six years following bankruptcy is 87% of pre-bankruptcy annual earnings. More worker earnings a ... Full text Cite
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Education, Training & Certifications


Duke University · 1994 Ph.D.