Kenneth A. Froot

Professor of Business Administration, Retired

Kenneth A. Froot was the André R. Jakurski Professor of Business Administration at Harvard University's Graduate School of Business Administration. He taught courses in Capital Markets, International Finance, and Risk Management. Previously, he served as Director of Research, and held the Industrial Bank of Japan Professorship in Finance and the Thomas Henry Carroll-Ford Foundation Visitor's Chair at Harvard. At MIT, he held the Ford International Development Chair. He has taught executive education programs at MIT, Harvard, Princeton, Dartmouth, and for corporations and institutions in addition to his regular teaching of MBAs and Ph.D.s.

Professor Froot received his B.A. from Stanford University and his Ph.D. from the University of California at Berkeley. He spent the 1988-1989 academic year as an Olin Fellow at the National Bureau of Economic Research, where he is Research Associate and Chair of the NBER’s Insurance Group. His research on a wide range of topics in finance, risk management, and international markets has been published in many journals and books. He is Editor of the Journal of International Financial Management and Accounting, Associate Editor of the Journal of International Economics, and of The Financing of Catastrophe Risk, Foreign Direct Investment, and The Transition in Eastern Europe, Vols. 1 and 2.

Professor Froot is a founding partner of FDO Partners, LLC and State Street Associates, firms producing investment and knowledge resources for global investors. Froot has worked with companies, countries, and official institutions, including the International Monetary Fund, the World Bank, and the Board of Governors of the Federal Reserve on international financial risk and investment management issues.  He has also acted as a Financial Adviser to the Prime Minister of the Republic of Slovenia and to the Finance Minister of Poland, and served on the staff of the US President's Council of Economic Advisers and the Economic Advisory Board of the Export-Import Bank of the US.

  1. Awarded the 2008 Witt Award of the American Risk and Insurance Association for his article, "Risk Management, Capital Budgeting, and Capital Structure Policy for Insurers and Reinsurers" (Journal of Risk and Insurance 74, no. 2, June 2007).

  2. Winner of the 1998 Journal of Financial Economics First Place Jensen Prize for Corporate Finance and Organizations for "Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach" (with Jeremy Stein, January 1998).