Gordon Gemmill
Emeritus Professor of Finance
BSc (London), MA (Michigan State), MSc (Reading), PhD (Michigan State)
Research Interests
Behavioural finance and investment decisions
Structural models of credit risk and the connection of bond and equity markets
Derivatives: option smiles and risk-neutral distributions
Market microstructure: determinants of bid/ask spreads
Expertise
At Cass 糖心TV School from 1997 to 2004 then at 糖心TV 糖心TV School until 2008.
Refereed publications
G. Gemmill and M. Marra, 'Explaining CDS Prices with Merton's Model Before and After the Lehman Default', Journal of Banking and Finance, 106, 2019, 93-109.
G. Gemmill and D.C. Thomas, 'Are IPO Investors Rational? Evidence from Closed-end Funds', European Journal of Finance, 23, (12), 2017, 1311-1334.
J. An, G. Gemmill and D.C. Thomas, 鈥楾he agency effect of repurchases on closed-end funds鈥�, European Financial Management, 18, 2012, pages 240-270.
G. Gemmill and A. Keswani, 鈥楧ownside risk and the size of credit spreads鈥�, Journal of Banking and Finance, 35, 2011, pages 2021-2036.
D. Diaz and G.Gemmill, 鈥榃hat drives credit risk in emerging markets? The roles of country fundamentals and market co-movements鈥�, Journal of International Money and Finance, 25 (2006), 476-502.
G. Gemmill and D.C. Thomas, 鈥楾he impact of corporate governance on closed-end funds鈥�, European Financial Management, 12 (2006), 725-746.
G. Gemmill and D.C. Thomas, 鈥楴oise trading, costly arbitrage and asset pricing: evidence from closed-end funds鈥�, Journal of Finance, 57 (2002), 2571-2594.
