Faculty Profile: Pam Moulton

Professor Pamela C. Moulton joined Cornell’s School of Hotel Administration as an assistant professor of finance in 2010. Her teaching and research interests include financial markets and market microstructure, with a special interest in the role of investors. Professor Moulton’s current research focuses on institutional trade holding periods, the impact of institutional investment on stock performance, and who trades on sell-side analyst recommendations. Her research has been published in several of the leading finance and accounting journals, including the Journal of Finance, the Journal of Financial Economics, the Journal of Accounting and Economics, and the Journal of Financial and Quantitative Analysis. Professor Moulton is also a highly rated teacher and a frequent presenter at academic conferences, including the American Finance Association, Western Finance Association, Financial Management Association, and the National Bureau of Economic Research. She was awarded the Ted Tang ’79 Dean’s Teaching Excellence Award and the Sophomore Core Faculty Teaching Award in 2012-2013, and the Financial Management Association’s Market Microstructure Competitive Paper Award in 2007.

Prior to her academic career, Professor Moulton worked in fixed income research for more than a dozen years at various Wall Street investment banks, including Deutsche Bank, where she was a managing director and global co-head of relative value research. From 2003 to 2006, she was a managing director and senior economist at the New York Stock Exchange, where she focused on equity market microstructure research. Professor Moulton is a chartered financial analyst (CFA). She earned her BS in economics (magna cum laude) at the Wharton School of the University of Pennsylvania and her Ph.D. in finance from Columbia University Graduate School of Business. She was previously on the faculty of the Graduate School of Business Administration at Fordham University.