Isil  Erel

Isil Erel

David A. Rismiller Chair in Finance
Academic Director, Risk Institute



Isil Erel, the David A. Rismiller Chair in Finance and the academic director of the Risk Institute at The Ohio State University Fisher College of Business, holds a PhD in financial economics from MIT Sloan School of Management. 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 top finance journals such as the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. Erel teaches Financial Institutions in both graduate and undergraduate programs at Fisher.

Professor Erel is an Associate Editor of the Review of Financial Studies, Journal of Banking and Finance, and Financial Management. She is is the 2010 recipient of the Pace Setters Faculty Research Award and the 2015 recipient of the Distinguished Faculty Award at the Fisher College of Business. She also received the Distinguished Referee Award from the Review of Financial Studies in 2012. She has been a Fisher Research Fellow (since 2011) and also a National Center for the Middle Market Research Fellow (since 2012).

Areas of Expertise

Corporate Finance

  • Corporate Finance
  • Corporate Governance
  • Mergers and Acquisitions


  • Banking


  • PhD in finance from the MIT Sloan School of Management
  • Bachelor of Arts in economics and business administration from Koc University, Turkey


Working Papers


  • BUSFIN 4260 - Financial Institutions

    Basic financial institutions that play a role in corporate finance and investments including commercial banks, investment banks, and insurance companies. Prereq: 3220 (620), BusMgt 2320 (330), 2321 (331), and BusMHR 2292 (BusAdm 499.01). Not open to students with credit for 726.

  • BUSFIN 4265 - Financial Institutions

    Financial Institutions play an extremely important role in the functioning of the global economy and in the operation of our firms. When financial institutions fail to act properly the results can be catastrophic, both for financial markets and greater society as a whole. Prereq or concur: 4211 and 4221. Not open to students with credit for 726.

  • BUSFIN 7260 - Financial Institutions

    Main roles of financial institutions used by firms such as commercial banks, investment banks, and insurance companies. Prereq or concur: MBA 6221 (810) or 6222. Not open to students with credit for 826.