Andrew Winton

University of Minnesota - Twin Cities - Carlson School of Management

321 19th Avenue South

Department of Finance

Minneapolis, MN 55455

United States

Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

Shanghai Jiao Tong University

211 West Huaihai Road

Shanghai, 200030

China

  • University of Minnesota - Twin Cities - Carlson School of Management

    • Email
    • Tel: 612-624-0589
    • Fax: 612-626-1335

  • Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

SCHOLARLY PAPERS

31

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153

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445

Scholarly Papers (31)

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1.

Liquidity Provision, Bank Capital, and the Macroeconomy

Number of pages: 63 Posted: 13 Dec 2000 Last Revised: 24 Sep 2016
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 2,778 (4,684)
Citation 66

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Bank Capital, Liquidity

2.

Don't Put All Your Eggs in One Basket? Diversification and Specialization in Lending

Number of pages: 43 Posted: 02 Sep 1999
Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,509 (12,745)
Citation 101

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3.

Corporate Fraud and Business Conditions: Evidence from IPOs

Journal of Finance, Forthcoming
Number of pages: 72 Posted: 22 Mar 2008 Last Revised: 14 May 2014
Tracy Yue Wang, Xiaoyun Yu and Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management, Indiana University - Kelley School of Business - Department of Finance and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,152 (19,328)
Citation 13

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initial public offerings, investor sentiment, corporate fraud, financial intermediations

4.

Entrepreneurial Finance: Banks Versus Venture Capital

Downloads 994 ( 24,059)
Citation 27

Entrepreneurial Finance: Banks Versus Venture Capital

Number of pages: 50 Posted: 17 Dec 2006
Andrew Winton and Vijay Yerramilli
University of Minnesota - Twin Cities - Carlson School of Management and University of Houston, C. T. Bauer College of Business
Downloads 585 (49,200)
Citation 3

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Venture capital, Contracting, Banks, Entrepreneur, Cost of capital

Entrepreneurial Finance: Banks Versus Venture Capital

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 45 Posted: 22 Jun 2007
Andrew Winton and Vijay Yerramilli
University of Minnesota - Twin Cities - Carlson School of Management and University of Houston, C. T. Bauer College of Business
Downloads 409 (76,825)
Citation 3

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Venture capital, Contracting, Banks, Entrepreneur, Cost of capital

5.

A Model of Entrepreneurial Finance

Number of pages: 40 Posted: 20 Jul 2004
Andrew Winton and Vijay Yerramilli
University of Minnesota - Twin Cities - Carlson School of Management and University of Houston, C. T. Bauer College of Business
Downloads 854 (29,894)
Citation 7

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Venture capital, entrepreneurial finance, monitoring, convertible debt

6.

Bank Loans, Bonds, and Information Monopolies Across the Business Cycle

Downloads 777 ( 34,069)
Citation 27

Bank Loans, Bonds, and Information Monopolies Across the Business Cycle

AFA 2006 Boston Meetings Paper
Number of pages: 57 Posted: 26 Mar 2005
João A. C. Santos and Andrew Winton
Federal Reserve Bank of New York and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 777 (33,558)
Citation 27

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bank loans, bonds, information rents, hold-up problem

Bank Loans, Bonds, and Information Monopolies Across the Business Cycle

Journal of Finance, Forthcoming
Posted: 22 Jun 2007
João A. C. Santos and Andrew Winton
Federal Reserve Bank of New York and University of Minnesota - Twin Cities - Carlson School of Management

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bank loans, bonds, information rents, hold-up problem

7.

Booms, Busts, and Fraud

Downloads 771 ( 34,433)
Citation 57

Booms, Busts, and Fraud

AFA 2005 Philadelphia Meetings
Number of pages: 43 Posted: 13 Dec 2004
Paul Povel, Rajdeep Singh and Andrew Winton
University of Houston - Department of Finance, C.T. Bauer College of Business, University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 499 (60,201)
Citation 11

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Boom, Credit Cycle, Fraud, Monitoring.

Booms, Busts, and Fraud

Review of Financial Studies, Forthcoming
Number of pages: 43 Posted: 11 Jan 2007
Paul Povel, Rajdeep Singh and Andrew Winton
University of Houston - Department of Finance, C.T. Bauer College of Business, University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 272 (121,456)
Citation 4

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Boom, Credit Cycle, Fraud, Monitoring

Booms, Busts, and Fraud

The Review of Financial Studies, Vol. 20, Issue 4, pp. 1219-1254, 2007
Posted: 25 Jun 2008
Paul Povel, Rajdeep Singh and Andrew Winton
University of Houston - Department of Finance, C.T. Bauer College of Business, University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management

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E320, G300, G380

8.

Financial Intermediation

NBER Working Paper No. w8928
Number of pages: 140 Posted: 09 May 2002 Last Revised: 24 Mar 2010
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 756 (35,381)
Citation 16

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9.

Laying Off Credit Risk: Loan Sales versus Credit Default Swaps

Number of pages: 40 Posted: 06 Sep 2008 Last Revised: 28 Apr 2009
Christine A. Parlour and Andrew Winton
University of California, Berkeley - Finance Group and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 681 (40,746)
Citation 39

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loan sales, credit default swaps, credit risk, risk transfer, monitoring, banks

10.

Bank Capital, Borrower Power, and Loan Rates

EFA 2009 Bergen Meetings Paper
Number of pages: 49 Posted: 18 Feb 2009 Last Revised: 01 Feb 2014
João A. C. Santos and Andrew Winton
Federal Reserve Bank of New York and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 664 (42,163)
Citation 20

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Bank loans, bank capital, loan spreads, cash flow, hold-up, information monopolies

11.

Moral Hazard and Optimal Subsidiary Structure for Financial Institutions

AFA 2002 Atlanta Meetings
Number of pages: 43 Posted: 26 Aug 2001
Charles M. Kahn and Andrew Winton
University of Illinois, Urbana-Champaign and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 625 (45,725)
Citation 14

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financial institutions, subsidiaries, securitization, risk-shifting, moral hazard, corporate structure

12.

Competition and Corporate Fraud Waves

Downloads 622 ( 46,011)
Citation 5

Competition and Corporate Fraud Waves

7th Annual Conference on Empirical Legal Studies Paper
Number of pages: 48 Posted: 14 Mar 2011 Last Revised: 11 Jul 2012
Tracy Yue Wang and Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 360 (89,220)
Citation 4

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corporate securities fraud, misreporting, product market competition, boom, bust, investment, relative performance evaluation

Competition and Corporate Fraud Waves

Number of pages: 48 Posted: 17 Jul 2012 Last Revised: 06 Aug 2012
Tracy Yue Wang and Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 262 (126,390)
Citation 5

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corporate securities fraud, misreporting, product market competition, boom, bust, investment, relative performance evaluation

13.

Risk Overhang and Loan Portfolio Decisions: Small Business Loan Supply Before and During the Financial Crisis

Journal of Finance, Forthcoming
Number of pages: 74 Posted: 07 Sep 2012 Last Revised: 29 Mar 2015
Robert DeYoung, Anne Gron, Gokhan Torna and Andrew Winton
University of Kansas School of Business, NERA Economic Consulting, SUNY at Stony Brook University - College of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 459 (67,525)
Citation 26

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Portfolio Lending, risk overhang, small business lending

14.

Bank Monitoring and Corporate Fraud: Evidence from a Natural Experiment

Number of pages: 64 Posted: 10 Nov 2014 Last Revised: 29 Apr 2018
Minwen Li, Tanakorn Makaew and Andrew Winton
Tsinghua Universitiy - School of Economics and Management, Securities and Exchange Commission (SEC) and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 334 (97,791)
Citation 3

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corporate securities fraud, misreporting, tunneling, bank monitoring

15.

Risk Overhang and Loan Portfolio Decisions

FRB Chicago Working Paper No. 2005-04
Number of pages: 42 Posted: 23 Aug 2005
Robert DeYoung, Anne Gron and Andrew Winton
University of Kansas School of Business, Northwestern University - Kellogg School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 270 (122,996)
Citation 3

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commercial banks, loans, portfolio choice, risk overhang

16.

Product Market Interactions and Corporate Fraud

Number of pages: 48 Posted: 19 Feb 2014
Tracy Yue Wang and Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 238 (140,482)
Citation 6

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corporate securities fraud, misreporting, product market interaction, boom, bust, relative performance evaluation

17.

Lender Moral Hazard and Reputation in Originate-to-Distribute Markets

Number of pages: 74 Posted: 17 Jan 2012 Last Revised: 26 Mar 2015
Andrew Winton and Vijay Yerramilli
University of Minnesota - Twin Cities - Carlson School of Management and University of Houston, C. T. Bauer College of Business
Downloads 232 (143,460)
Citation 11

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Monitoring, Reputation, Default

18.

Risk Overhang and Market Behavior

Downloads 229 (145,236)

Risk Overhang and Market Behavior

Number of pages: 25 Posted: 14 Sep 1999
Anne Gron and Andrew Winton
Northwestern University - Kellogg School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 229 (144,772)

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Risk Overhang and Market Behavior

Journal of Business
Posted: 12 Feb 2001
Anne Gron and Andrew Winton
Northwestern University - Kellogg School of Management and University of Minnesota - Twin Cities - Carlson School of Management

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Insurance, insurance crisis, financial crisis, risk overhang, risk management

19.

Institutional Liquidity Needs and the Structure of Monitored Finance

Downloads 195 (168,991)

Institutional Liquidity Needs and the Structure of Monitored Finance

Number of pages: 40 Posted: 27 Dec 2000
Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management
Downloads 195 (168,828)
Citation 2

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liquidity, financial institutions, delegated monitoring

Institutional Liquidity Needs and the Structure of Monitored Finance

Review of Financial Studies, Forthcoming
Posted: 26 Jul 2002
Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management

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financial institutions, banks, finance companies, life insurers, venture capital, liquidity costs, monitoring

20.

Do Banks Still Monitor When There Is a Market for Credit Protection?

Journal of Accounting and Economics, Forthcoming
Number of pages: 62 Posted: 02 Nov 2018 Last Revised: 17 Jul 2019
Chenyu Shan, Dragon Yongjun Tang and Andrew Winton
Shanghai University of Finance and Economics, The University of Hong Kong - Faculty of Business and Economics and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 146 (216,936)
Citation 7

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Credit default swaps, CDS, Collateral, Covenants

21.

Bank Capital Regulation in General Equilibrium

Downloads 118 (255,833)

Bank Capital Regulation in General Equilibrium

NBER Working Paper No. w5244
Number of pages: 47 Posted: 13 Jul 2000 Last Revised: 19 Mar 2008
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 118 (256,942)

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Bank Capital Regulation in General Equilibrium

Posted: 23 Aug 1998
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management

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22.

Soft Collateral, Bank Lending, and the Optimal Credit Rating System

Number of pages: 45 Posted: 09 Jan 2017
Lixin Huang and Andrew Winton
Georgia State University and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 83 (322,924)
Citation 2

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Soft Collateral, Bank Lending, Credit Rating

23.

Costly State Verification and Multiple Investors: The Role of Seniority

REVIEW OF FINANCIAL STUDIES, Volume 8 Issue 1
Posted: 26 Oct 1999
Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management

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24.

Corporate Financial Structure, Incentives and Optimal Contracting

Rodney L White Center for Financial Research 15-94
Posted: 06 Aug 1999
Franklin Allen and Andrew Winton
Imperial College London and University of Minnesota - Twin Cities - Carlson School of Management

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25.

Delegated Monitoring and Bank Structure in a Finite Economy

JOURNAL OF FINANCIAL INTERMEDIATION Vol 4 No 2
Posted: 10 Oct 1998
Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management

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26.

Banking in Transition Economies: Does Efficiency Require Instability?

Journal of Money, Credit, and Banking, Vol. 30, No. 3, Part 2 (August 1998)
Posted: 25 Aug 1998
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management

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27.

Ownership Structure, Liquidity Demand, and Shareholder Monitoring

Posted: 16 May 1998
Charles M. Kahn and Andrew Winton
University of Illinois, Urbana-Champaign and University of Minnesota - Twin Cities - Carlson School of Management

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28.

Competition Among Financial Intermediaries When Diversification Matters

Journal of Financial Intermediation, Volume 6, Issue 4
Posted: 05 Mar 1998
Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management

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29.

Monitored Finance, Liquidity and Institutional Investment Choice

Finance Dept. Working Paper No. 221
Posted: 10 Feb 1997
Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management

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30.

Ownership Structure, Speculation, and Shareholder Intervention

Finance Department Working Paper No. 220
Posted: 15 Jan 1997
Charles M. Kahn and Andrew Winton
University of Illinois, Urbana-Champaign and University of Minnesota - Twin Cities - Carlson School of Management

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31.

Covenants and Collateral as Incentives to Monitor

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Covenants and Collateral as Incentives to Monitor

JOURNAL OF FINANCE, Vol. 50 No. 4, September 1995
Posted: 13 Oct 1995
Raghuram G. Rajan and Andrew Winton
University of Chicago - Booth School of Business and University of Minnesota - Twin Cities - Carlson School of Management

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Covenants and Collateral as Incentives to Monitor

Posted: 19 Sep 1994
Raghuram G. Rajan and Andrew Winton
University of Chicago - Booth School of Business and University of Minnesota - Twin Cities - Carlson School of Management

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