Professor Danny McGowan

The Department of Finance
Professor of Finance
Head of the Department of Finance

Contact details

Telephone: +44 (0)121 414 6530
Email: d.mcgowan@bham.ac.uk

Address: Birmingham Business School
University House
University of Birmingham
B15 2TY
UK

Danny McGowan is a Professor of Finance and Head of the Department of Finance at Birmingham Business School. He holds a PhD in Economics from the University of Nottingham. His research interests lie in applied microeconomics with a focus on banking and financial intermediation. His recent work studies connections between the law and bank conduct. Dr McGowan's research appears in leading academic journals including the Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, and Journal of Corporate Finance. He has received over £500,000 in research funding from the ESRC, British Academy, and the Leverhulme Trust. His research has been cited in House of Commons inquiries and by several media outlets.

Visit his personal website for further details.

Qualifications

PhD Economics 2010, University of Nottingham
MSc Economics 2007, University of Bristol
BSc Economics 2003, University of Bristol

Teaching

Financial Econometrics
Applied Microeconometrics

Postgraduate supervision

Samuel James
Zainab Al-Gabr

I have previously advised four PhD students to completion: Arisyi Fariza Raz, Seyit Gokmen, Huyen Nguyen and Piotr Danisewicz. All have been subsequently found jobs at universities.

If you are interested in pursuing a PhD, feel free to contact me. I am mainly interested in working on topics related to banking, mortgage markets and household finance that have a strong focus on quasi-experimental research methods.

Research

Research interests

Financial intermediation, mortgage markets, household finance.

I am currently the principal investigator on a ~£400,000 Leverhulme Research Project Grant that investigates societal determinants of wealth inequality, lending, and entrepreneurship.

My other works in progress focus on the effects of deposit market competition, and mortgage default.

Other activities

American Finance Association
American Economic Association
European Finance Association
Royal Economic Society

Publications

Raz, A.F., McGowan, D. and Zhao, T. (2022) "The Dark Side of Liquidity Regulation: Bank Opacity and Funding Liquidity Risk", Journal of Financial Intermediation, forthcoming.

McGowan, D. and Nguyen, H. (2022) "To Securitize or to Price Credit Risk?", Journal of Financial and Quantitative Analysis, forthcoming.

Cumming, D., Farag, H., Johan, S. and McGowan, D. (2022) "The Digital Credit Divide: The Effect of Marketplace Lending on Entrepreneurship", Journal of Financial and Quantitative Analysis, 57(7), pp. 2659-2692.

Duqi, A., McGowan, D, Onali, E. and Torluccio, E. (2021) "Natural Disasters and Economic Growth: the Role of Bank Market Structure", Journal of Corporate Finance, 71, pp. 1-21.

Danisewicz, P., McGowan, D., Onali, E. and Schaeck, K. (2021) "Debtholder Monitoring Incentives and Bank Earnings Opacity", Journal of Financial and Quantitative Analysis, 56(4), pp. 1408-1445.

Impullitti, G., Kneller, R. and McGowan, D. (2020) "Demand-driven Technical Change and Productivity Growth: Theory and Evidence from the US Energy Policy Act", Journal of Industrial Economics, 68(2), pp. 328-363.

Danisewicz, P., McGowan, D., Onali, E. and Schaeck, K. (2018) "Debt Priority Structure, Market Discipline and Bank Conduct", Review of Financial Studies, 31(11), p. 4493-4555.
Media coverage: Havard Roundtable

Danisewicz, P., McGowan, D, Onali, E. and Schaeck, K. (2018) "The Real Effects of Banking Supervision: Evidence from Enforcement Actions", Journal of Financial Intermediation, 35(A), p. 86-101.

View all publications in research portal