ACADEMIC AREA Finance AREAS OF EXPERTISE Banking and Securitization, Corporate Finance, Venture Capital and Innovation, Earnings Management BiographyPublicationsCoursesCase Studies Education: Ph.D., Boston College; MS, State University of New York; B.S., Belarus State UniversityElena Loutskina, associate professor of business administration, teaches in the Finance area. She holds the Bank of America Research Professorship in Business Administration. Loutskina's research focuses on the impact of the securitization markets on the financial management of financial and non-financial corporations. She also does research in the area of venture capital and innovation.Alongside numerous academic conferences, she was invited to present her research at the Federal Reserve Bank, Federal Reserve Board, International Monetary Fund, European Central Bank and Banque de France. Her research was cited in the Financial Times, received Best Paper Awards and a number of grants, including one from Kauffman Foundation in the area of entrepreneurial studies and one from Banque de France in the area of securitization.Prior to joining Darden, Loutskina taught at the undergraduate and graduate levels at Carroll School of Management, Boston College, where she received the Donald J. White Teaching Excellence Award. Before starting her academic career, she worked at Cambridge Associates LLC and the National Bank of Belarus. Selected Publications(7) " Mortgage Companies and Regulatory Arbitrage," with Yuliya Demyanyk, Federal Reserve Bank of Cleveland, Forthcoming, theJournal of Financial Economics.(6) " Exporting Liquidity: Branch Banking and Financial Integration," with Eric Gilje, University of Pennsylvania Wharton and Philip E. Strahan, Boston College, 2016, theJournal of Finance, 71-3:1159-1184.Lead Feature in January 2014 NBER Digest(5) " Financial Integration, Housing and Economic Volatility," with Philip E. Strahan, Boston College, 2014Journal of Financial Economics.(4) "Corporate Venture Capital, Value Creation, and Innovation," with Thomas J. Chemmanur, Boston College and Xuan Tian. Indiana Bloomington, 2013, Review of Financial Studies, Vol 27, No 10.(3) " Informed and Uninformed Investment in Housing: the Downside of Diversification," with Philip E. Strahan. Boston College, 2011. Review of Financial Studies Vol. 24 (5), p. 1447-1480.(2) " The Role of Securitization in Bank Liquidity and Funding Management," 2011. Journal of Financial Economics Vol. 100, p. 663-684.(1) " Securitization and the Declining Impact of Bank Finance on Loan Supply: Evidence from Mortgage Originations," with Philip E. Strahan. 2009. Journal of Finance Vol. 64, p. 861-889. Working Papers(A) Fiscal Stimulus and Consumer Debt, with Yuliya Demyanyk, Federal Reserve Bank of Cleveland, and Daniel Murphy, UVA, Darden School. Cleveland Federal Reserve Economic Commentary; Covered by WSJ, August 12, 2016; Under Review(B) Drilling and Agency Costs of Debt, with Eric Gilje, University of Pennsylvania Wharton, and Daniel Murphy, UVA, Darden School.(C) Securitization and Small Business Lending, with Lei Li, University of Kansas.(D) FICO or FAKE-O, with Yuliya Demyanyk, Federal Reserve Bank of Cleveland.(E) Externalities and Economic Growth, with Andrei Simonov and William Grieser, Michigan State University.(F) Subprime Home Ownership, with Yuliya Demyanyk, Federal Reserve Bank of Cleveland.(G) " How Complexity Impacts Innovation," with Raul Chao. UVA, Darden School.MBA CoursesImpact InvestingEntrepreneurial Finance and Private Equity First Year Finance Advancing knowledge through research that shapes business, Darden professors are recognized thought leaders in their fields. They are not only master case method teachers, they also author many of the cases used in Darden classrooms and around the world.Elena Loutskina's cases are available in the Darden Business Publishing website.