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About Pamela C. Moulton

Pamela Moulton is an associate professor of finance at Cornell’s School of Hotel Administration. Her teaching and research interests include financial markets and market microstructure, with a special interest in the role of investors. Her current research focuses on institutional trade holding periods, the impact of institutional investment and high-frequency trading on stock performance, and how investors trade on sell-side analyst recommendations. Moulton’s 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.

Prior to her academic career, 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. Moulton is a chartered financial analyst (CFA). She earned her BS in economics at the Wharton School of the University of Pennsylvania and her PhD in finance and MPhil from the Columbia University Graduate School of Business. She was previously on the faculty of the Graduate School of Business Administration at Fordham University.


2014 - Present Associate Professor (with tenure), Cornell University School of Hotel Administration
Present Associate Professor & Finance Area Coordinator, Cornell College of Business, Cornell University School of Hotel Administration
2010 - 2014 Assistant Professor, Finance, Cornell University School of Hotel Administration
2006 - 2010 Assistant Professor, Fordham University ‐ Schools of Business
2003 - 2006 Managing Director and Senior Economist, New York Stock Exchange
1995 - 1999 Managing Director and Global Co-Head, Fixed Income & Relative Value Research, Deutsche Bank
1994 - 1995 Vice President, Fixed Income Research; Senior Financial Futures & Options Strategist, Merrill Lynch
1990 - 1994 Vice President, Fixed Income Futures Research, J.P. Morgan
1985 - 1990 Assistant Vice President, Municipal Trade Strategies, The First Boston Corporation

Curriculum Vitae

Research Interests

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Honors and Awards

  • Ted Teng ’79 Dean’s Teaching Excellence Award, 2012-2013, 2015-16
  • Faculty Teaching Recognition Award, Sophomore Core, 2012-2013, 2014-2015
  • Cornell Institute for the Social Sciences’ Small Grant Award, Spring 2013
  • Research Affiliate of Cornell Institute for Behavioral and Household Finance, 2016-present
  • Cornell Center for Teaching Excellence, Faculty Teaching Certificate, completed 2011
  • Center for Hospitality Research, Research Grant, 2011-2012
  • Fordham University Faculty Fellowship, 2009
  • Fordham Schools of Business World Wise Competitive Grant, 2008
  • Best Paper in Market Microstructure Competitive Paper Award, Financial Management Association, 2007
  • Fordham University Faculty Research Grant, 2007
  • Columbia Vice Provost’s Selection Committee for Outstanding Graduate Student Teaching, 2003
  • Columbia University Center for International Business Education Research Grant, 2002
  • American Finance Association Ph.D. Student Travel Award, 2002


2003 Ph.D. Finance, Columbia University ‐ Graduate School of Business
1985 B.S. Economics, University of Pennsylvania ‐ Wharton School

Contact Information

435A Statler Hall
Phone: 607.255.9882


Published Papers (16)

Book Chapters (1)

Working Papers (5)