Courses

MBA Finance

Expertise

Banking regulation.
Corporate finance.
Corporate governance.

Overview

Alan read mathematics at Brasenose College, Oxford, 1985-88. Between 1988 and 1995 he worked for Anderson Consulting (now Accenture), Morgan Grenfell and SG Warburg. He then took an MSc at Imperial College in the Foundations of Information Technology. He completed his doctorate at Saïd Business School on ‘Reputation, Opportunism and Crowd Behaviour in Debt Markets’ in 2000.

Research interests

Bank regulation
Mechanism design
Corporate finance
Corporate governance

Books:    

Morrison, AD and WJ Wilhelm, Jr, 'Investment Banking: Institutions, Politics, and Law' (2007), Oxford University Press

Morrison, AD, 'Pricing Credit Risk', in: Hudson, A (Ed), Credit Derivatives: Law, Regulation and Accounting Issues, Street & Maxwell, 1999.

Journal articles: 

Morrison, AD and White, L, `Level Playing Fields in International Capital Regulation," forthcoming, Journal of FInance.

Morrison, AD and Wilhelm, WJ, Jr, 'The Demise of Investment-Banking Partnerships: Theory and Evidence,' Journal of Finance, Vol 63:1, 2008, pp. 311-350.

Freixas, X, Loranth, G, and Morrison, AD, 'Regulating Financial Conglomerates,' Journal of Financial Intermediation, Vol 16:4, 2007, pp. 479-514.

Booth, P and Morrison, AD 'Regulatory Competition and Life Insurance Solvency Regulation in the European Union and the United States', North American Actuarial Journal, Vol 11:4, 2007, pp. 23-41.

Loranth, G and Morrison, AD,  'Deposit Insurance, Capital Regulations, and Financial Contagion in Multinational Banks,' Journal of Business Finance and Accounting, Vol 34:5-6, 2007, pp. 917-949.

Freixas, X, Hurkens, S, Morrison, AD and Vulkan, N "Intrerbank Competition with Costly Screening" The B.E. Journal of Theoretical Economics, Vol 7:1 (Topics), 2007, article 15.

Morrison, AD and Wilhelm, WJ, Jr, 'Investment Banking: Past., Present, and Future,' Journal of Applied Corporate Finance Vol 19:1, 2007, pp 42-54.

Jenkinson, TJ, Morrison, AD and Wilhelm, WJ, Jr., 'Why are European IPOs so Rarely Priced Outside the Indicative Price Range?', Journal of Financial Economics Vol 80:1, 2006, pp 185-209.

Morrison, AD and White, L, 'Crises and Capital Requirements in Banking', American Economic Review, Vol 95:5, 2005, pp 1548-1572.

Morrison, AD, 'Credit Derivatives, Disintermediation and Investment Decisions', Journal of Business, Vol 78:2, 2005, pp 621-647.

Morrison, AD and Vulkan,N , 'Making Money Out of Publicly Available Information', Economics Letters, Vol 89:1, 2005, pp 31-38.

Morrison, AD, 'Banking Licences, Bailouts and Regulator Ability', Scottish Journal of Political Economy, Vol 51:4, 2004, pp 559-579.

Morrison, AD, 'Competition and Information Production in Market Maker Models', Journal of Business Finance and Accounting, Vol 31:7-8, 2004, pp 1171-1190.

Morrison, AD, 'Life Insurance: Regulation as Contract Enforcement', Economic Affairs, Vol 24:4, 2004, pp 47-52.

Morrison, AD & Wilhelm Jr, WJ, 'Partnership Firms, Reputation, and Human Capital', American Economic Review, Vol 94:5, 2004, pp 1682-1692.

Morrison, AD, 'The Economics of Capital Regulation in Financial Conglomerates', Geneva Papers on Risk and Insurance: Issues and Practice, Vol 28:3, 2003, pp 521-533.

Working papers:

Morrison, A.D., Freixas, X.,Hjurkens, S. & Vulkan, N., Interbank Competition with Costly Screening, 2005.

Morrison, A.D.& White, L., Financial Liberalisation and Capital Requirements in Open Economies, 2004.

Morrison, A.D., & White, L., Is Deposit Insurance a Good Thing, and If So, Who Should Pay For It?, 2004.

Morrison, A.D, Risk Averse Banks and Uncertain Correlation Values: A Theory of Rational Bank Panics, 2000.