Isil Erel

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



Professor Isil Erel is the David A. Rismiller Chair in Finance and the academic director of the Risk Institute at the Fisher College of Business of the Ohio State University. She 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 financial institutions. This research has been published in top finance journals such as the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies.

Professor Erel is a research associate at the National Bureau of Economic Research (NBER)’s Corporate Finance program and a research member at the European Corporate Governance Institute (ECGI). She also serves on the boards of the European Finance Association (EFA), Foundation for the Advancement of Research in Financial Economics (FARFE), and the Risk Institute.

Professor Erel is an Editor of the Review of Corporate Finance Studies and an Associate Editor of the Journal of Financial Intermediation. She is the 2010 recipient of the Pace Setters Faculty Research Award, the 2015 recipient of the Distinguished Faculty Award, and 2020 recipient of the Recognition Award for significant out-of-classroom contributions at the Fisher College of Business. She also received the Distinguished Referee Award from the Review of Financial Studies in 2012. Professor Erel teaches Financial Institutions courses in both graduate and undergraduate programs at the Fisher College of Business.

Areas of Expertise

Corporate Finance
  • Corporate Governance
  • Financial Institutions
  • 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


Awards and Recognition:

Publications continued

Working Papers


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.