Member, Consortium on Financial Systems and Poverty (2010–present)
Research Associate, National Bureau of Economic Research (1982–present)
Executive Committee, American Finance Association (2012–2016)
President, Society for Financial Studies (2011–2012)
Vice-President, Society for Financial Studies (2008–2011)
Board of Directors, American Finance Association (1994–1997, 2004–2007)
Advisory Board, Graduate School of Industrial Administration, Carnegie Mellon University (1992-1996, Co-chair, 1999, 2005)
President, Western Finance Association (1993–1994)
Vice-President, Western Finance Association (1990–1993)
Editorial Board, American Economic Review (1987–1990)
Economics Panel, National Science Foundation (1986–1988)