Subjects
Economics and Management
Research Interests
My research interests lie mostly in the application of ideas from information economics to finance theory and to the economics of organisations. In a series of papers with Lucy White of Harvard Business School I have examined the interplay between moral hazard, adverse selection and optimal capital regulation for banks; work with Gyöngyi Lóránth of the University of Cambridge examines risk-shifting effects in the presence of deposit insurance and relates this effect to multinational bank and conglomerate regulation; I have also worked on the incentive effects of credit derivatives, on bank bailout policy, on financial panics and on bookbuildings in initial public offerings. Bill Wilhelm of Virginia University and I have work explaining the prevalence of partnership firms in human-capital intensive businesses and their demise in the investment banking industry.
Teaching Interests
At the undergraduate level I teach finance and microeconomics to second and third years, and some general managerial social science to freshers. At the graduate level I have taught an MBA elective on derivatives and for the last few years have delivered the core MBA finance course.
Department Information
Contact Information
Email: Dr Alan Morrison
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