Professional Career
Graham obtained a B.A. College of William and Mary in 1983, an M.A. from Virginia Commonwealth University in 1988 and a Ph.D from Duke University in 1994. As a scholar he was elected to the Phi Beta Kappa honor society as an undergraduate and to the Alpha Iota Delta, Beta Gamma Sigma, and Phi Kappa Phi honor societies as a graduate student. Upon completion of his Ph.D., he obtained a position as an Assistant Professor of Finance at Utah University teaching undergraduates, M.B.A. students, and Ph.D. students.
In 1997, Graham accepted a position as an Assistant Professor of Finance at Duke University's Fuqua School of Business. He was promoted to Associate professor in 1999 and full professor in 2004. In 1998 and 1999, he had 3 research papers nominated for either the annual Smith Breeden Prize as the best published in the Journal of Finance or the annual Brattle Prize as best corporate finance paper published in the Journal of Finance. In 2000, he won the Brattle Prize for "How Big Are the Tax Benefits of Debt?". In 2001, he won the Jensen Prize for the best corporate finance paper published in the Journal of Financial Economics for "The Theory and Practice of Corporate Finance: Evidence from the Field" (with Campbell Harvey). He again won the Jensen Prize in 2005 for "Payout Policy in the 21st Century" (with Alon Brav, Campbell Harvey and Roni Michaely) and in 2006 for "Tax Shelters and Corporate Debt Policy" (with Alan Tucker).
Graham is also the co-editor of the Journal of Finance and a member of the Board of Directors of the American Finance Association. Graham serves as a primary analyst of the results of the "Duke/CFO Business Outlook Survey". As the overseer of the survey, he is quoted in a variety of mass media, such as The Wall Street Journal.
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