Michael Rand

Michael Rand is the Assistant Dean for Business and Finance Law at the George Washington University Law School. He researches areas pertaining to private credit, derivatives, and firm choice of incorporation.

His most recent publication, Private Credit's Public Consequences with the Villanova Law Review (forthcoming issue), examines the risks of private credit related to financial stability and expanded retail exposure. Prior work of Dr. Rand has examined the persistence of asset pricing anomalies in complete and incomplete markets, and non-financial firm use of derivative markets, including hedging and effects on firm financial constraints. He also researches firm choice of incorporation as it relates to controlling shareholders, conflicted transactions, and changes to the Delaware General Corporation Law (DGCL). 

Dr. Rand was previously a Visiting Associate Professor, and Business, Finance, and Entrepreneurship Law Fellow with the George Washington University Law School. Concurrent with these responsibilities, Dr. Rand served as a research consultant in the Office of the Chief Economist at the U.S. Commodity Futures Trading Commission (CFTC), conducting research pertaining to OTC swap markets for cleared and uncleared financial products, including IRS, FX, CDS/CDX, Commodity Swaps, and Equity Swaps. 

Prior to joining GW Law, Dr. Rand worked at several institutions in finance and financial technology (FinTech), including the CFTC, Benjamin, PNC Bank, Northwestern Mutual, and Oakhill Equity. He has experience across various roles in finance, including compliance, credit modeling, and asset pricing. At GW Law, he teaches Corporate Finance, Law and Accounting, and a corporate law seminar on FinTech.

Dr. Rand obtained a PhD in Finance from the George Washington University. He also holds an MA in Applied Economics from the George Washington University, and both a BS in Mathematics and a BSBA in Business Administration from Duquesne University.