Financial Markets and Institutions, Corporate Finance, Executive Compensation, Mergers and Acquisitions


The Wharton School – University of Pennsylvania, Ph.D., 1986; M.A.,1984; B.A., Franklin and Marshall College, 1982.

Teaching & Research :

Professor Houston teaches the core finance course and an elective course on Valuation to MBA and other graduate students He also teaches introductory finance in the Executive MBA and Internet MBA programs. His research focuses on the international links between capital market development and organizational structure, the role of banks in the capital acquisition process, executive compensation in banking, mergers and acquisitions in the banking industry, corporate governance, international banking and the structure of corporate debt.