Isil Erel holds a PhD in financial economics from MIT Sloan School of Management. She received her Bachelor of Arts in economics and business administration from Koc University, Turkey. Her research spans a variety of areas within corporate finance, with particular emphasis on mergers and acquisitions, corporate governance, and banking. This research has been published in the Journal of Finance, Journal of Financial Economics and Review of Financial Studies. Erel teaches Financial Institutions in both MBA and undergraduate programs at Fisher.
Areas of Expertise
- Corporate Finance
- Mergers and Acquisitions
- Corporate Governance
- PhD in finance from the MIT Sloan School of Management
- Bachelor of Arts in economics and business administration from Koc University, Turkey
FIN 4262/7260 - Management of Financial Institutions
This course is concerned with key problems that managers of financial institutions face. We will begin with an overview of financial institutions – how major types of institutions are structured, how this structure relates to their functions, and some industry trends. Next we will focus on managing different types of risks: interest-rate risk, credit risk, and off-balance-sheet risk; emphasizing basic ideas, tools, and business applications. Then we will have a case discussion on bank mergers. We will also discuss the evolution of the financial services industry, causes and consequences of the 2008 credit crisis, and the response of the regulators. The course is essential to anyone planning a career in financial services or in an area such as consulting or corporate treasury that works closely with financial institutions.
- Determinants of Cross-Border Mergers and Acquisitions (with Rose Liao and Michael Weisbach), 2012, Journal of Finance, 67/3, pages 1045-1082.
- Economic Nationalism in Mergers and Acquisitions (with Serdar Dinc), 2012, Journal of Finance, 68/6, pages 2471-2514.
- Do Acquisitions Relieve Target Firms’ Financial Constraints? (with Yeejin Jang and Michael Weisbach), 2013, Journal of Finance, forthcoming.
- Why Did Holdings of Highly-Rated Securitization Tranches Differ So Much Across Banks? (with Taylor Nadauld and René M. Stulz) Review of Financial Studies, forthcoming
- A Theory of Risk Capital (with Stewart C. Myers and James A. Read, Jr.) (Revise and Resubmit, Journal of Financial Economices)