Andrew Ellul

Indiana University - Kelley School of Business - Department of Finance

1309 E. 10th St.

Bloomington, IN 47405

United States

Centre for Economic Policy Research (CEPR)

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

University of Salerno - Centre for Studies in Economics and Finance (CSEF)

84084 Fisciano, Salerno

Italy

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

SCHOLARLY PAPERS

22

DOWNLOADS
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in Total Papers Downloads

10,935

CITATIONS
Rank 3,436

SSRN RANKINGS

Top 3,436

in Total Papers Citations

158

Scholarly Papers (22)

Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies

Journal of Finance, Forthcoming
Number of pages: 70 Posted: 10 Feb 2010 Last Revised: 12 May 2014
Andrew Ellul and Vijay Yerramilli
Indiana University - Kelley School of Business - Department of Finance and University of Houston, C. T. Bauer College of Business
Downloads 1,291 (11,077)
Citation 25

Abstract:

Risk Management, Tail Risk, Banks, Financial Crisis

Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies

NBER Working Paper No. w16178
Number of pages: 58 Posted: 12 Jul 2010
Andrew Ellul and Vijay Yerramilli
Indiana University - Kelley School of Business - Department of Finance and University of Houston, C. T. Bauer College of Business
Downloads 81 (252,678)
Citation 25

Abstract:

The Role of Risk Management in Corporate Governance

Kelley School of Business Research Paper No. 15-81
Number of pages: 38 Posted: 10 Nov 2015
Andrew Ellul
Indiana University - Kelley School of Business - Department of Finance
Downloads 1,313 (10,807)

Abstract:

banking, risk management, risk taking, corporate governance, ownership structure, board expertise, executive compensation

The Role of Risk Management in Corporate Governance

Annual Review of Financial Economics, Vol. 7, pp. 279-299, 2015
Posted: 11 Dec 2015
Andrew Ellul
Indiana University - Kelley School of Business - Department of Finance

Abstract:

Regulatory Pressure and Fire Sales in the Corporate Bond Market

AFA 2011 Denver Meetings Paper
Number of pages: 55 Posted: 19 Mar 2009 Last Revised: 12 May 2014
Indiana University - Kelley School of Business - Department of Finance, Southern Methodist University (SMU) - Edwin L. Cox School of Business and University of North Carolina Kenan-Flagler Business School
Downloads 713 (27,150)
Citation 30

Abstract:

Fire sales, Regulation, Price pressure, Liquidity, Corporate bonds, Insurance companies

Regulatory Pressure and Fire Sales in the Corporate Bond Market

Journal of Financial Economics (JFE), Vol. 101, No. 3, 2011
Number of pages: 54 Posted: 22 Mar 2009 Last Revised: 12 May 2014
Indiana University - Kelley School of Business - Department of Finance, Southern Methodist University (SMU) - Edwin L. Cox School of Business and University of North Carolina Kenan-Flagler Business School
Downloads 237 (104,424)
Citation 30

Abstract:

Fire sales, Regulation, Price pressure, Liquidity, Corporate bonds, Insurance companies

Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading

Journal of Finance, Forthcoming
Number of pages: 108 Posted: 14 Dec 2011 Last Revised: 15 Jun 2016
Indiana University - Kelley School of Business - Department of Finance, Southern Methodist University (SMU) - Edwin L. Cox School of Business, University of North Carolina Kenan-Flagler Business School and Fordham University
Downloads 674 (29,365)
Citation 5

Abstract:

Regulation, Mark to market, Historical cost accounting, Gains trading, Fire sales, Asset-backed securities (ABS), Corporate bonds, Insurance companies

Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading

Journal of Finance, Forthcoming, Kelley School of Business Research Paper No. 2014-40
Number of pages: 108 Posted: 23 Jan 2012 Last Revised: 15 Apr 2015
Indiana University - Kelley School of Business - Department of Finance, Southern Methodist University (SMU) - Edwin L. Cox School of Business, University of North Carolina Kenan-Flagler Business School and Fordham University
Downloads 159 (152,640)
Citation 5

Abstract:

Regulation, Mark to market, Historical cost accounting, Gains trading, Fire sales, Asset-backed securities (ABS), Corporate bonds, Insurance companies

Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading

CEPR Discussion Paper No. DP10450
Number of pages: 59 Posted: 02 Mar 2015
Indiana University - Kelley School of Business - Department of Finance, Southern Methodist University (SMU) - Edwin L. Cox School of Business, University of North Carolina Kenan-Flagler Business School and Fordham University
Downloads 0
Citation 5

Abstract:

asset-backed securities (ABS), corporate bonds, fire sales, gains trading, historical cost accounting, insurance companies, mark to market, regulation

5.

Order Dynamics: Recent Evidence from the NYSE

EFA 2003 Annual Conference Paper No. 836
Number of pages: 40 Posted: 07 Aug 2003
Indiana University - Kelley School of Business - Department of Finance, University of Memphis - Fogelman College of Business and Economics, Indiana University - Kelley School of Business - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 658 (29,777)
Citation 27

Abstract:

Order choice, limit order, market order, automatic execution

6.

How to Open and Close the Market: Lessons from the London Stock Exchange

EFA 2002 Berlin Meetings Presented Paper
Number of pages: 58 Posted: 12 May 2002
Andrew Ellul, Hyun Song Shin and Ian Tonks
Indiana University - Kelley School of Business - Department of Finance, Bank for International Settlements and University of Bath School of Management
Downloads 631 (31,626)
Citation 2

Abstract:

Call markets; Dealership markets; Opening and Closing Markets; International

7.
Downloads 630 ( 32,683)
Citation 16

Inheritance Law and Investment in Family Firms

3rd Annual Conference on Empirical Legal Studies Papers, ECGI - Finance Working Paper No. 222/2008
Number of pages: 64 Posted: 16 Apr 2008 Last Revised: 12 May 2014
Andrew Ellul, Marco Pagano and Fausto Panunzi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 456 (49,096)
Citation 16

Abstract:

succession, family firms, inheritance law, growth, investment

Inheritance Law and Investment in Family Firms

FEEM Working Paper No. 6.2009, EFA 2009 Bergen Meetings Paper
Number of pages: 64 Posted: 31 Jan 2009 Last Revised: 12 May 2014
Andrew Ellul, Marco Pagano and Fausto Panunzi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 172 (142,356)
Citation 16

Abstract:

Succession, Family Firms, Inheritance Law, Growth, Investment

Inheritance Law and Investment in Family Firms

CEPR Discussion Paper No. DP6977
Number of pages: 62 Posted: 02 Dec 2008
Andrew Ellul, Marco Pagano and Fausto Panunzi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 2 (554,355)
Citation 16

Abstract:

Family firms, Inheritance law, Investor protection

Do Financial Analysts Restrain Insiders' Informational Advantage?

Number of pages: 68 Posted: 17 May 2008 Last Revised: 25 Jan 2016
Andrew Ellul and Marios A. Panayides
Indiana University - Kelley School of Business - Department of Finance and University of Pittsburgh - Katz Graduate School of Business
Downloads 268 (91,701)
Citation 9

Abstract:

Sell-side Research, Insiders, Insider Trading, Information Asymmetries, Liquidity

Do Financial Analysts Restrain Insiders' Informational Advantage?

EFA 2009 Bergen Meetings Paper
Number of pages: 70 Posted: 19 Feb 2009 Last Revised: 12 May 2014
Marios A. Panayides and Andrew Ellul
University of Pittsburgh - Katz Graduate School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 203 (121,915)
Citation 9

Abstract:

Sell-side research, Insiders, Insider Trading, Information Asymmetries, Liquidity

Do Financial Analysts Restrain Insiders' Informational Advantage?

Number of pages: 70 Posted: 21 Mar 2009 Last Revised: 12 May 2014
Marios A. Panayides and Andrew Ellul
University of Pittsburgh - Katz Graduate School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 144 (166,340)
Citation 9

Abstract:

Sell-side research, Insiders, Insider Trading, Information Asymmetries, Liquidity

9.

Blockholders, Debt Agency Costs and Legal Protection

FRB International Finance Discussion Paper No. 908
Number of pages: 51 Posted: 22 Mar 2005 Last Revised: 12 May 2014
Andrew Ellul, Levent Guntay and Ugur Lel
Indiana University - Kelley School of Business - Department of Finance, Federal Deposit Insurance Corporation (FDIC) and University of Georgia - Department of Banking and Finance
Downloads 564 (33,247)
Citation 6

Abstract:

ownership structure, family firms, agency costs, corporate governance

10.

Control Motivations and Capital Structure Decision

Number of pages: 61 Posted: 22 Mar 2008
Andrew Ellul
Indiana University - Kelley School of Business - Department of Finance
Downloads 468 (38,914)
Citation 4

Abstract:

Ownership Structure, Corporate Control, Capital Structure, Family Firms, International Finance

Mark-to-Market Accounting and Systemic Risk: Evidence from the Insurance Industry

Fordham University Schools of Business Research Paper
Number of pages: 59 Posted: 18 May 2013 Last Revised: 12 May 2014
Indiana University - Kelley School of Business - Department of Finance, Southern Methodist University (SMU) - Edwin L. Cox School of Business, University of North Carolina Kenan-Flagler Business School and Fordham University
Downloads 438 (51,652)
Citation 2

Abstract:

Regulation, Systemic risk, Mark to market, Historical cost accounting, Fire sales, Capital ratios, Insurance companies

Mark‐to‐Market Accounting and Systemic Risk: Evidence from the Insurance Industry

Economic Policy, Vol. 29, Issue 78, pp. 297-341, 2014
Number of pages: 45 Posted: 31 May 2014
Indiana University - Kelley School of Business - Department of Finance, University of North Carolina (UNC) at Chapel Hill, University of North Carolina Kenan-Flagler Business School and Fordham University
Downloads 1 (564,477)
Citation 2

Abstract:

12.

Reputation Effects in Trading on the New York Stock Exchange

AFA 2006 Boston Meetings Paper
Number of pages: 45 Posted: 17 Mar 2005
Indiana University - Kelley School of Business - Department of Finance, University of Notre Dame - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 414 (53,976)
Citation 15

Abstract:

reputation, relationships

13.
Downloads 363 ( 65,441)
Citation 1

Transparency, Tax Pressure and Access to Finance

AFA 2012 Chicago Meetings Paper, ECGI - Finance Working Paper No. 332/2012
Number of pages: 61 Posted: 18 Mar 2011 Last Revised: 11 Feb 2015
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics, University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 362 (65,018)
Citation 1

Abstract:

transparency, tax pressure, investment, access to finance

Transparency, Tax Pressure and Access to Finance

CEPR Discussion Paper No. DP8939
Number of pages: 64 Posted: 25 May 2012
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics, University of Naples Federico II - Department of Economics and Statistics and Bocconi University - Department of Economics
Downloads 1 (564,477)
Citation 1

Abstract:

access to finance, tax pressure, Transparency

Investors' Horizons and the Amplification of Market Shocks

Review of Financial Studies, Forthcoming
Number of pages: 64 Posted: 21 Apr 2012 Last Revised: 12 May 2014
Stockholm School of Economics, Indiana University - Kelley School of Business - Department of Finance and Stockholm School of Economics
Downloads 321 (74,900)
Citation 13

Abstract:

fire sales, institutional investors, investor horizon, market crashes, financial crisis

Investors' Horizons and the Amplification of Market Shocks

CEPR Discussion Paper No. DP8083
Number of pages: 57 Posted: 29 Nov 2010
Stockholm School of Economics, Indiana University - Kelley School of Business - Department of Finance and Stockholm School of Economics
Downloads 7 (526,675)
Citation 13

Abstract:

financial crisis, fire sales, institutional investors, investor horizon, market crashes

Access to Public Capital Markets and Employment Growth

Number of pages: 62 Posted: 20 Nov 2012 Last Revised: 02 Mar 2015
Alexander Borisov, Andrew Ellul and Merih Sevilir
University of Cincinnati, Indiana University - Kelley School of Business - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 277 (88,781)

Abstract:

IPOs, Employment growth, Financial constraints, Corporate growth

Access to Public Capital Markets and Employment Growth

CEPR Discussion Paper No. DP10521
Number of pages: 65 Posted: 09 Apr 2015
Alexander Borisov, Andrew Ellul and Merih Sevilir
University of Cincinnati, Indiana University - Kelley School of Business - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 0

Abstract:

Corporate growth, Employment growth, Financial constraints, Human capital, IPOs

Labor Unemployment Risk and CEO Incentive Compensation

Kelley School of Business Research Paper No. 15-43
Number of pages: 55 Posted: 14 May 2015 Last Revised: 02 Nov 2016
Andrew Ellul, Cong Wang and Kuo Zhang
Indiana University - Kelley School of Business - Department of Finance, China Europe International Business School (CEIBS) and Department of Finance, School of Economics & WISE, Xiamen University
Downloads 260 (94,687)

Abstract:

Unemployment risk, Human capital, Executive compensation, Risk taking, Leverage

Labor Unemployment Risk and CEO Incentive Compensation

CEPR Discussion Paper No. DP11634
Number of pages: 58 Posted: 22 Nov 2016
Andrew Ellul, Cong Wang and Kuo Zhang
Indiana University - Kelley School of Business - Department of Finance, China Europe International Business School (CEIBS) and Department of Finance, School of Economics & WISE, Xiamen University
Downloads 1 (564,477)

Abstract:

Executive compensation, Human Capital, leverage, Risk Taking, unemployment risk

Employment and Wage Insurance within Firms: Worldwide Evidence

Kelley School of Business Research Paper No. 2014-23
Number of pages: 67 Posted: 23 Jul 2014 Last Revised: 09 Mar 2017
Andrew Ellul, Marco Pagano and Fabiano Schivardi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Einaudi Institute for Economics and Finance (EIEF)
Downloads 150 (160,598)

Abstract:

risk-sharing, insurance, social security, unemployment, wages, family firms

Employment and Wage Insurance within Firms: Worldwide Evidence

Kelley School of Business Research Paper No. 15-69, CFS Working Paper No. 517
Number of pages: 67 Posted: 22 Sep 2015 Last Revised: 09 Mar 2017
Andrew Ellul, Marco Pagano and Fabiano Schivardi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Einaudi Institute for Economics and Finance (EIEF)
Downloads 84 (247,036)

Abstract:

risk-sharing, insurance, social security, unemployment, wages, family firms

Employment and Wage Insurance within Firms: Worldwide Evidence

CEPR Discussion Paper No. DP10711
Number of pages: 61 Posted: 13 Jul 2015
Andrew Ellul, Marco Pagano and Fabiano Schivardi
Indiana University - Kelley School of Business - Department of Finance, University of Naples Federico II - Department of Economics and Statistics and Einaudi Institute for Economics and Finance (EIEF)
Downloads 0

Abstract:

family firms, insurance, risk-sharing, social security, unemployment, wages

18.

Ripples Through Markets: Inter-market Impacts Generated by Large Trades

Indiana University Working Paper
Number of pages: 33 Posted: 02 Mar 2005
Andrew Ellul
Indiana University - Kelley School of Business - Department of Finance
Downloads 161 (146,167)
Citation 3

Abstract:

Cross-listed companies, information across markets, transparency, large trades

19.

Learning Through a Smokescreen: Earnings Management and CEO Compensation over Tenure

Riksbank Research Paper Series Forthcoming, Kelley School of Business Research Paper No. 15-18, Swedish House of Finance Research Paper No. 15-02
Number of pages: 54 Posted: 02 Jan 2015 Last Revised: 10 Apr 2017
Cristina Cella, Andrew Ellul and Nandini Gupta
Stockholm School of Economics, Indiana University - Kelley School of Business - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 114 (128,088)

Abstract:

Executive Compensation, Tenure, Earnings Management, Career Concerns

20.

Corporate Leverage and Employees' Rights in Bankruptcy

CEPR Discussion Paper No. DP12033
Number of pages: 71 Posted: 15 May 2017
Andrew Ellul and Marco Pagano
Indiana University - Kelley School of Business - Department of Finance and University of Naples Federico II - Department of Economics and Statistics
Downloads 0 (549,040)

Abstract:

bankruptcy, leverage, seniority, wage bargaining, workers' rights

21.

Corporate Leverage and Employees’ Rights in Bankruptcy

Kelley School of Business Research Paper No. 17-33
Number of pages: 68 Posted: 18 Apr 2017
Andrew Ellul and Marco Pagano
Indiana University - Kelley School of Business - Department of Finance and University of Naples Federico II - Department of Economics and Statistics
Downloads 0 (360,115)

Abstract:

workers’ rights, bankruptcy, seniority, leverage, wage bargaining

22.

Ipo Underpricing and After-Market Liquidity

The Review of Financial Studies, Vol. 19, Issue 2, pp. 381-421, 2006
Posted: 29 Feb 2008
Andrew Ellul and Marco Pagano
Indiana University - Kelley School of Business - Department of Finance and University of Naples Federico II - Department of Economics and Statistics

Abstract:

Other Papers (1)

Total Downloads: 522    Citations: 13
1.

Investors’ Horizons and the Amplification of Market Shocks

ECGI - Finance Working Paper No. 298/2010
Number of pages: 60 Posted: 18 Sep 2010 Last Revised: 04 Jun 2012
Stockholm School of Economics, Indiana University - Kelley School of Business - Department of Finance and Stockholm School of Economics
Downloads 505 (30,489)
Citation 13

Abstract:

Fire sales, Institutional investors, Investor horizon, Market crashes, Financial crisis