DP16845 The Purpose of a Finance Professor

Author(s): Alex Edmans
Publication Date: December 2021
Date Revised: December 2021
Keyword(s): Citizenship, collegiality, impact, Innovation, Purpose, Research, teaching
JEL(s): A11, A13, A14, A22, A23, G00
Programme Areas: Financial Economics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=16845

The academic finance profession has the potential to be uniquely purposeful due to four characteristics â?? the freedom to take risks and work on what we're passionate about, the loyalty to our profession rather than just our institution, the collaborative nature of the creation and dissemination of knowledge, and the magnitude of our potential impact. However, what the profession currently values, and its current social norms, are significant barriers to the fulfilment of this potential. This article highlights the special features of our profession that we often take for granted and ignore, and proposes ideas to make it not only more impactful and relevant, but also more collegial and fun.