Malcolm Baker

Malcolm Baker is the Robert G. Kirby Professor of Business Administration at the Harvard Business School, where he runs a first-year course in finance and a short immersive program on investing in life sciences. His research is in the areas of behavioral finance, corporate finance, and capital markets, while his finance cases span numerous industries, with a recent emphasis on life sciences businesses and digital health. He has been Unit Head for finance from 2014 to 2018 and 2025 to 2026 and Program Director for corporate finance at the National Bureau of Economic Research from 2011 to 2018. Outside of Harvard, he serves as Director of Research at Acadian Asset Management, an institutional asset management firm focusing on active global and international equity strategies.