Associate Professor of Finance and Fred T. Greene Distinguished Scholar, Kelley School of Business, Indiana University Bloomington
Andrew Ellul
Research Associates
Publications
Employment and Wage insurance within Firms: Wordlwide Evidence
We investigate the determinants of firms’ implicit employment and wage insurance to employees against industry-level and idiosyncratic shocks. We rely...
DP 735
Mark-to-Market Accounting and Systemic Risk: Evidence from the Insurance Industry
One of the most contentious issues raised during the recent crisis has been the potentially exacerbating role played by mark-to-market accounting...
Investors’ Horizons and the Amplification of Market Shocks
This paper shows that during episodes of market turmoil 13F institutional investors with short trading horizons sell their stockholdings to a larger...
DP 717
Transparency, Tax Pressure and Access to Finance
In choosing transparency, firms must trade off the benefits from better access to finance against the cost of a greater tax burden. We study this...
DP 705
Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading
This paper explores the trading incentives of financial institutions induced by the interaction between regulatory accounting rules and capital...
DP 701
Stronger Risk Controls Lower Risk Evidence from US Bank Holding Companies
In this paper, we investigate whether U.S. bank holding companies (BHCs) with strong and independent risk management functions had lower aggregate...
DP 646
Reputation effects in trading on the New York Stock Exchange
Theory suggests that reputations, developed in repeated face-to-face interactions, allow non- anonymous, floor-based trading venues to attenuate...
DP 540
Opening and closing the market: evidence from the London Stock Exchange
Various markets, particularly NASDAQ, have been under pressure from regulators and market participants to introduce call auctions for their opening...
DP 506
