Andrew Winton is a Special-Term Professor at Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University.
Professor Winton is the Department Chair of Finance Department of the University of Minnesota’s Carlson School of Management, and he is also the Minnesota Banking Industry Endowed Chair.
Professor Winton teaching and research focus on corporate finance, financial contracts, and financial institutions. He has published in all of the top-ranked finance journals and is an Associate Editor of the Journal of Finance, Journal of Financial Intermediation, and Journal of Money, Credit & Banking.
Professor Winton has served President and Program Chair, Financial Intermediation Research Society (FIRS), and Program Committee member for Western Finance Association Meeting, American Finance Association Meeting, and European Finance Association Meeting.
Professor Winton took his PhD at The Wharton School of University of Pennsylvania.
Journal Publications
1. Wang, Tracy Yue, and Andrew Winton, 2021, Industry informational interactions and corporate fraud, Journal of Corporate Finance.
2. Santos, João A C, and Andrew Winton, 2019, Bank Capital, Borrower Power, and Loan Rates, Review of Financial Studies.
3. Shan, Chenyu, Dragon Yongjun Tang, and Andrew Winton, 2019, Do banks still monitor when there is a market for credit protection?, Journal of Accounting & Economics.
4. Gorton, Gary B., and Andrew Winton, 2017, Liquidity Provision, Bank Capital, and the Macroeconomy, Journal of Money, Credit and Banking.
5. DeYoung, Robert, Anne Gron, Gokhan Torna, and Andrew Winton, 2015, Risk Overhang and Loan Portfolio Decisions: Small Business Loan Supply before and during the Financial Crisis, Journal of Finance.
6. Banal-Estañol, Albert, Marco Ottaviani, and Andrew Winton, 2013, The Flip Side of Financial Synergies: Coinsurance Versus Risk Contamination, Review of Financial Studies.
7. Parlour, Christine A., and Andrew Winton, 2013, Laying Off Credit Risk: Loan Sales versus Credit Default Swaps, Journal of Financial Economics.
8. Wang, Tracy Yue, Andrew Winton, and Xiaoyun Yu, 2010, Corporate Fraud and Business Conditions: Evidence from IPOs, Journal of Finance.
9. Santos, João A. C., and Andrew Winton, 2008, Bank Loans, Bonds, and Information Monopolies Across the Business Cycle, Journal of Finance.
10. Winton, Andrew, and Vijay Yerramilli, 2008, Entrepreneurial Finance: Banks versus Venture Capital, Journal of Financial Economics.
11. Pove, Paul l, Rajdeep Singh, and Andrew Winton, 2007, Booms, Busts, and Fraud, Review of Financial Studies.
12. Kahn, Charles, and Andrew Winton, 2004, Moral Hazard and Optimal Subsidiary Structure for Financial Institutions, Journal of Finance.
13. Winton, Andrew, 2003, Institutional Liquidity Needs and the Structure of Monitored Finance, Review of Financial Studies.
14. Gorton, Gary, and Andrew Winton, 1998, Banking in Transition Economies: Does Efficiency Require Instability?, Journal of Money, Credit and Banking.
15. Kahn, Charles, and Andrew Winton, 1998, Ownership Structure, Speculation, and Shareholder Intervention, Journal of Finance.
16. Winton, Andrew, 1997, Competition among Financial Intermediaries When Diversification Matters, Journal of Financial Intermediation.
17. Rajan, Raghuram G., and Andrew Winton, 1995, Covenants and Collateral as Incentives to Monitor, Journal of Finance.
18. Winton, Andrew, 1995, Delegated Monitoring and Bank Structure in a Finite Economy, Journal of Financial Intermediation.
19. Winton, Andrew, 1995, Costly State Verification and Multiple Investors: The Role of Seniority, Review of Financial Studies.
20. Winton, Andrew, 1993, Limitation of Liability and the Ownership Structure of the Firm, Journal of Finance.
Working Papers
1. Lixin Huang, Andrew Winton, 2020, Soft Collateral, Bank Lending, and the Optimal Credit Rating System.2. Minwen Li, Tanakorn Makaew, Andrew Winton, 2019, Loans and Lies: Does Bank Monitoring Reduce Corporate Misreporting?.
3. Andrew Winton, Vijay Yerramilli, 2019, Monitoring in Originate-to-Distribute Lending: Reputation versus Skin in the Game.
