Ingrid Werner

Ingrid M. Werner is the Martin and Andrew Murrer Professor in Finance at Ohio State's Fisher College of Business.  She has a PhD in Economics from the University of Rochester and an Honorary Doctorate in Economics from Stockholm School of Economics.  She is a foreign member of the Swedish Royal Academy of Sciences and a CEPR Research Fellow.

Professor Werner she is a Past President of the European Finance Association and the Western Finance Association, and a former Director of the American Finance Association and Vice-Chair of its Academic Female Finance Committee (AFFECT). She is an independent director/trustee of the Dimensional US Funds, Dimensional Canadian IRC, the Dimensional ETF Trust, and of the Fourth Swedish National Pension Fund, and chairs the FINRA Economic Advisory Committee.  Professor Werner serves on the prize committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.  She chairs the scientific advisory board of the Swedish House of Finance, serves on the  scientific advisory board of the Danish Finance Institute, the research advisory committee of the Leibnitz Institute for Financial Research SAFE, and the scientific council of the Swiss Finance Institute. Professor Werner serves on the editorial boards of the Journal of Finance and Journal of Financial Markets.

Professor Werner’s research interests range from international finance to market microstructure. Her research has been published in top-tier economics and finance journals such as Journal of Finance, Journal of Financial Economics, the Review of Financial Studies, and Journal of Economic Theory. In the international finance area, she has worked on home bias and cross-border securities trading. In the market microstructure area, she has studied a range of topics: cross-listed securities; interdealer trading; floor trading; institutional trading; short-sale trading strategies; the effect of suspending short-sale price tests; dark pool trading; and liquidity and disclosure regulation in OTC markets. Current research projects include large-in-scale orders in European markets and retail trading in the U.S..

Professor Werner currently teaches Trading and Markets to Fisher graduate and undergraduate students. She has taught at the graduate level at Stanford Graduate School of Business, The Ohio State University, University of Michigan, University of Toronto, Bocconi University, and the University of Bologna.

Publications in Refereed Journals

You can access my papers on the Social Science Research Network (SSRN) at: http://ssrn.com/author=497674

• Reusing Natural Experiments, with Davidson Heath, Matthew C. Ringgenberg, and Mehrdad Samadi, September 2019 (Available at SSRN: https://ssrn.com/abstract=3457525 )
• U.S. Tick Size Pilot, with Barbara Rindi, March 2019 (Available at SSRN: https://ssrn.com/abstract=3041644)
• Tick Size, Trading Strategies, and Market Quality, with Sabrina Buti, Barbara Rindi, and Yuanji Wen, February 2019 (Available at SSRN: http://ssrn.com/abstract=3330807).
• Trading Fees and Intermarket Competition, with Marios A. Panayides and Barbara Rindi, July 2018, (Available at SSRN: https://ssrn.com/abstract=2910438 )
• (Priced) Frictions, with Kewei Hou and Sehoon Kim, August 2016 (Available at SSRN: https://ssrn.com/abstract=2849080).
• Sub-Penny and Queue-Jumping, with Sabrina Buti, Francesco Consonni, Barbara Rindi, and Yuanji Wen, July 2015 (Available at SSRN: http://ssrn.com/abstract=2350424).
• The Changing Nature of Chapter 11, with Sreedhar Bharath, Venkatesh Panchapagesan, September 2013 (Available on SSRN: http://ssrn.com/abstract=1102366 ).
• Diving into Dark Pools, with Sabrina Buti and Barbara Rindi,  November 2011 (Available on SSRN: http://ssrn.com/abstract=1630499 ).
• When Constraints Bind, with Karl B. Diether, July 2011 (Available on SSRN: http://ssrn.com/abstract=1445634 ).
• Fighting for Survival:  The Case of Low-Priced Stocks, with Jennifer Koski, September 2010.
• Off but Not Gone: A Study of Nasdaq Delistings, with Jeffrey Harris, and Venkatesh Panchapagesan, May 2006 (Available on SSRN: http://ssrn.com/abstract=628203 )
• Execution Quality for Institutional Orders Routed to Nasdaq Dealers Before and After Decimals, Dice Center Working Paper No. 2003-25, 2003, October.  (Revision of: Institutional Trading Costs on Nasdaq: Have They Been Decimated? Nasdaq Working Paper no. 2002-1.)  (Available on SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=463061).
• Adverse Selection in Dealers’ Choice of Interdealer Trading System, with Peter C. Reiss, 1999 (Available on SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=168188).