John Graham


D. Richard Mead, Jr. Family Professor

Academic Area: Finance
Phone Number: +1.919.660.7857

Teaching / Research Interests

Corporate Finance; Taxation; Investments; Herding; Combining and Assessing Forecasts

Mailing Information

Duke University: The Fuqua School of Business
100 Fuqua Drive
Durham, NC 27708


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 past work experience includes teaching at the University of Utah and seven years working as a senior economist at Virginia Power. He has been co-editor of the Journal of Finance and associate editor of The Review of Financial Studies, the Journal of Finance, Finance Research Letters, and Financial Management. Graham has served as president and board director of the American Finance Association, the Western Finance Association, and the Financial Management Association, three of the largest academic finance professional organizations. Graham currently chairs the FMA’s Diversity Scholar mentoring program and is academic director of the Duke Fuqua CFO Executive Education program.

Graham has published more than 80 articles and book chapters on taxes, capital structure, cash management, governance, financial reporting, and payout policy, and won research awards including the Jensen Prize (5 times), the Brattle Prize, Graham and Dodd Scroll (2 times), the Financial Reporting Section American Accounting Association award (2 times), and the Notable Contribution to Accounting Award (2 times). His simulated corporate marginal income tax rates and optimal capital structure calculations are widely used and are an important input in the Kroll (Duff and Phelps) cost of capital and valuation publications. His teaching focuses on corporate finance broadly, taxes, mergers and acquisitions, and corporate restructuring. Graham has directed The CFO Survey (now conducted jointly with the Federal Reserve Banks of Richmond and Atlanta) since 1997.