Craig M. Lewis

Craig M. Lewis

Madison S. Wigginton Professor of Finance, Emeritus

Research Interests/Areas of Expertise

Financial market regulation, corporate finance, asset management, asset pricing and financial accounting

Subject Areas




The former Chief Economist of the Securities and Exchange Commission, Craig Lewis offers unique expertise in the areas of financial market regulation and corporate finance.

Awards & Accomplishments

Professor Lewis is a two-time recipient of the James A. Webb Award for Excellence in Teaching (1991, 2000), Outstanding EMBA Professor (1991), and the Dean's Award for Teaching Excellence (1992, 1999).


Professor Lewis has consulted for leaders in the financial industry and beyond, including the CBOE, Dollar General, State Street Global Advisors, and Union Pacific Railroad, as well as public institutions such as the Federal Trade Commission and the SEC.


In May 2011, U.S. Securities and Exchange Commission (SEC) chairman Mary Schapiro named Professor Lewis Chief Economist and Director of the SEC’s Division of Economic and Risk Analysis. During his three years at the SEC, Professor Lewis led efforts to bolster the role of economic analysis in the financial regulatory process, particularly with implementation of the landmark Dodd-Frank financial reform law.


Professor Lewis has been published in several leading periodicals, including Financial Analysts Journal, Journal of Financial Economics, Journal of Corporate Finance, and Financial Management.

Research Interests

Professor Lewis' interests include corporate financial policy and asset pricing. Most recently, he has employed textual analysis of qualitative factors in corporate disclosures to detect potential fraud. Earlier work included topics such as convertible debt financing, corporate capital formation, forecasting stock market volatility, and herding by equity analysts.


Ph.D., Finance, University of Wisconsin, 1986

M.S., Finance, University of Wisconsin, 1982

B.S., Accounting, The Ohio State University, 1978