Craig Lewis
Senior Advisor
Dr. Lewis examines and analyzes regulatory policy issues. He conducts analyses and authors economic white papers that detail the impact of rulemakings and other policies. His analytical work spans across new products, proposed and existing regulations, cloud computing, and mandated capital levels, among others.
Dr. Lewis served as the Chief Economist of the Securities and Exchange Commission (SEC) and Director of the SEC’s Division of Economic and Risk Analysis from June 2011 to May 2014. During his time at the SEC, he was responsible for the economic analysis of rules promulgated and other actions taken by the SEC, including various enforcement matters. He also led the development of the “Current Guidance on Economic Analysis in SEC Rulemaking,” which describes the requirements for a robust economic analysis.
Dr. Lewis is currently the Madison S. Wigginton Professor of Finance at the Owen Graduate School of Management at Vanderbilt University, where he has taught since 1986. A frequent speaker and guest lecturer, he primarily teaches corporate finance. His work and experience include corporate financial policy and asset pricing. Most recently, he has employed textual analysis to assess investor reaction to the 10-k narrative in corporate disclosures to detect potential fraud. Earlier work included topics such as convertible debt financing, corporate capital formation, forecasting stock market volatility, earnings management, accounting fraud, and herding by equity analysis.
Dr. Lewis’s research has been published in the Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Econometrics, as well as in other books and journals. He also serves on several editorial boards.
Dr. Lewis received his Ph.D. and M.S. in finance from the University of Wisconsin-Madison and his B.S. in accounting from Ohio State University. He was a Certified Public Accountant prior to completing his advanced degrees.
