Alan D. Morrison
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View article: Study Design and Rationale for The Breathe Easier With Tadalafil Therapy for Exercise‐Related Dyspnea in COPD‐PH (BETTER COPD‐PH)
Study Design and Rationale for The Breathe Easier With Tadalafil Therapy for Exercise‐Related Dyspnea in COPD‐PH (BETTER COPD‐PH) Open
Dyspnea, a debilitating symptom of COPD, worsens health‐related quality of life (HRQL), reduces daily physical activity, increases health care utilization, and is more closely associated with survival than airflow limitation. Thus, having …
View article: Mapping the Contours of Blame: An Account of the Moral Boundaries of Organizations
Mapping the Contours of Blame: An Account of the Moral Boundaries of Organizations Open
This paper presents an account of the moral boundaries of organizations. We define an organization’s moral boundary to encompass all of the actions for which it could be held morally responsible. Our theory requires us to view organization…
View article: Role of innovation in pharmaceutical regulation: A proposal for principles to evaluate EU General Pharmaceutical Legislation from the innovator perspective
Role of innovation in pharmaceutical regulation: A proposal for principles to evaluate EU General Pharmaceutical Legislation from the innovator perspective Open
Because the EU General Pharmaceutical Legislation is under review, the EFPIA Innovation Board developed evaluation principles for the policy proposals and key considerations on how the regulatory framework can support innovation while ensu…
View article: Moral Disjunction and Role Coadunation in Business and the Professions
Moral Disjunction and Role Coadunation in Business and the Professions Open
We consider the problem of moral disjunction in professional and business activities from a virtue-ethical perspective. Moral disjunction arises when the behavioral demands of a role conflict with personal morality; it is an important prob…
View article: Bank liquidity, bank lending, and "bad bank" policies
Bank liquidity, bank lending, and "bad bank" policies Open
Why are bank deposits demandable when they are also negotiable? We present a General Equilibrium model in which demandable debt exposes banks to liquidity risk so that they can signal their types and ensure that their liabilities can circu…
View article: Investment-Banking Relationships: 1933–2007
Investment-Banking Relationships: 1933–2007 Open
We study the evolution of investment-banking relationships from 1933 to 2007. Relationship exclusivity and client concerns for the state of their banking relationships were strong through the first part of our sample period but then entere…
View article: The Corporate Structure of Multinational Banks
The Corporate Structure of Multinational Banks Open
Multinational banks are increasingly subject to centralised supervision that relies upon precise aggregation and consolidation of risk data from all of their constituent parts. We present a model of organisational form for multinational ba…
View article: Market Discipline and Systemic Risk
Market Discipline and Systemic Risk Open
We analyze a general equilibrium model in which financial institutions generate endogenous systemic risk. Banks optimally select correlated investments and thereby expose themselves to fire-sale risk so as to sharpen their incentives. Syst…
View article: Identifying Contagion in a Banking Network
Identifying Contagion in a Banking Network Open
We present the first micro-level evidence of the transmission of shocks through financial networks. Using the network of credit default swap (CDS) transactions between banks, we identify bank CDS returns attributable to counterparty losses…
View article: The Adverse Effect of Information on Governance and Leverage
The Adverse Effect of Information on Governance and Leverage Open
We study the effect that internal information systems have on a firm’s leverage and corporate governance choices. Information systems lower governance costs by facilitating more targeted interventions. But they also generate asymmetric inf…