Elena Loutskina

Elena Loutskina

Bank of America Associate Professor of Business Administration

Office

FOB 262

Academic Area

Areas of Expertise

Banking and Securitization, Corporate Finance, Venture Capital and Innovation, Earnings Management

Education: B.S., Belarus State University; M.S., State University of New York; Ph.D., Boston College

Elena Loutskina, Bank of America Associate Professor of Business Administration, teaches in the Finance area. Loutskina's research focuses on management of financial intermediaries. She originally started her work by exploring the impact of securitization on management of financial and nonfinancial companies. Over time, her research interest expanded to exploring more dimensions of commercial banks strategic management. Her papers have addressed topics in consumer finance, mortgage markets, small business lending and regulation of financial intermediaries. Her work has been published in top academic journals in the area of finance including the Journal of FinanceReview of Financial Studies and the Journal of Financial Economics.

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. She was a visiting scholar at the Federal Reserve Bank of Cleveland, ECB, and Office of Financial Research. Her research has been cited in the Financial Times, as well as received Best Paper Awards and a number of grants, including from Kauffman Foundation and from Banque de France. 

Since joining Darden she has taught a number of classes, including core "Corporate Finance," "Impact Investing," "Entrepreneurs Finance and Private Equity," "Venture Velocity" and "Due Diligence in Seed Funds." She received faculty teaching awards and was recognized by students and the dean's office for her teaching accomplishments. Prior to joining Darden in 2006, 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. 

 

Selected Publications

(8) Fiscal Stimulus and Consumer Debt, with Yuliya Demyanyk, Federal Reserve Bank of Cleveland, and Daniel Murphy, UVA, Darden School, Forthcoming at the Review of Economics and Statistics.

(7) Mortgage Companies and Regulatory Arbitrage, with Yuliya Demyanyk, Federal Reserve Bank of Cleveland, 2016Journal of Financial Economics, 122-2: 328-351.

(6) Exporting Liquidity: Branch Banking and Financial Integration, with Eric Gilje, University of Pennsylvania Wharton, and Philip E. Strahan, Boston College, 2016,The Journal 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, 2015, Journal of Financial Economics, Vol 115(1), pp. 25-41.

(4) Corporate Venture Capital, Value Creation, and Innovation, with Thomas J. Chemmanur, Boston College, and Xuan Tian, Indiana Bloomington, 2014Review of Financial Studies, Vol 27(8), pp. 2434-2473.

(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), pp. 1447-1480.

(2) The Role of Securitization in Bank Liquidity and Funding Management2011, Journal of Financial Economics, Vol 100, pp. 663-684.

(1) Securitization and the Declining Impact of Bank Finance on Loan Supply: Evidence from Mortgage Originations, with Philip E. Strahan, 2009, The Journal of Finance, Vol 64, pp. 861-889.

 

Working Papers

(A) Drilling and Debt, with Eric Gilje, University of Pennsylvania Wharton, and Daniel Murphy, UVA, Darden School, R&R from The Journal of Finance.

(B) Stress Tests and Small Business Lending, with Kristle Cortes, University of New South Wales; Yuliya Demyanyk, Federal Reserve Bank of Cleveland; Lei Li, University of Kansas; and Philip E. Strahan, Boston College & NBER, R&R from the Journal of Financial Economics.

(C) FICO or FAKE-O, with Yuliya Demyanyk, Federal Reserve Bank of Cleveland.

(D) The Taste of Peer-to-Peer Loans, with Yuliya Demyanyk, Federal Reserve Bank of Cleveland.

(E) Subprime Home Ownership, with Yuliya Demyanyk, Federal Reserve Bank of Cleveland.

 

Case Studies

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.