Home Others Edward R. Morrison

Edward R. Morrison

  • Charles Evans Gerber Professor of Law
  • Full-time faculty

Ph.D. (Economics), University of Chicago, 2003
J.D., High Honors, University of Chicago Law School, 2000
M.A. (Economics), University of Chicago, 1997
B.S., summa cum laude, University of Utah, 1994

Fields of study
  • Company, business and transaction law
areas of expertise

Bankruptcy law and corporate restructuring
Corporate finance
Contract law
law and economy
Empirical methods

Personal website

Ed Morrison is an expert in corporate finance and restructuring, household finance and consumer bankruptcy, and contract law. He is co-editor of the Journal of Law .

Morrison's fellowship has dealt with corporate reorganization, consumer bankruptcy, systemic market risk regulation, and foreclosure and mortgage modification. His most recent work has examined patterns in creditors' contracts, corporate bankruptcy valuation disputes, racial disparities in Chapter 13 bankruptcy filings, and the relationship between financial distress and mortality rates.

Morrison teaches contract law, bankruptcy law, and corporate finance. He is Co-Director of the Richard Paul Richman Center for Business, Law, and Public Policy at Columbia University and Faculty Director of the Executive LL.M. Program.

In 2018 he received the Willis L.M. Reese Prize for Excellence in Teaching, awarded by the Law School graduating class.

Morrison's research was in the. released American economic report , Journal of Law and Economics , and other leading peer-reviewed publications. His work has been cited by the Bankruptcy Bank and the Bar Association, and supported by the National Science Foundation and Pew Charitable Trusts. Morrison and his co-author (Douglas Baird) received the 2012 John Wesley Steen Law Review Writing Prize from the American Bankruptcy Institute (ABI) for an article on the Dodd-Frank Act published in the ABI Law Review .

He is the editor, along with William H.J. Hubbard, the Journal of Law and member of the National Bankruptcy Conference. Most recently he was a director of the American Law & Economics Association, a member of the Supreme Court's Advisory Committee on Bankruptcy Law, and an associate editor of the American Law and Economics Review .

Morrison was Paul H. and Theo Leffmann Professor of Commercial Law at the University of Chicago Law School from 2013 to 2014. He began teaching at Columbia Law School in 2003 and was Harvey R. Miller Professor of Law and Economics from 2009 to 2012. Morrison worked for Justice Antonin Scalia of the Supreme Court and Justice Richard A. Posner of the 7th Court of Appeals.


  • 'Restructuring vs. Bankruptcy' Working Paper (2020) (with Jason Roderick Donaldson, Giorgia Piacentino and Xiaobo Yu) (available on ssrn )

  • 'Manipulating Random Assignment: Evidence From Consumer Bankruptcies in the Nation's Largest Cities', Working Paper (2020) (mit Belisa Pang und Jonathan Zytnick) (verfügbar am ssrn )

  • „Race and Bankruptcy: Explaining Racial Disparties in Consumer Bankruptcy“, 63 J. L. & Econ. 269 ​​(2020) (mit Belisa Pang und Antoine Uettwiller) ( Working paper )

  • 'Assessing Companies in a World of Pandemic-Induced Bankruptcies' in Law360.com (June 9, 2020) (with Andrea Okie and Kerri Leonhardt) (available) Here )

  • 'Bankruptcy's Role in the COVID-19 Crisis' (mit Andrea C. Saavedra), in Law in the Time of COVID-19 (Columbia Law School: Katharina Pistor, Hrsg., 2020) (hier verfügbar)

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  • 'Beyond Options' (mit Anthony J. Casey), in Handbook on Corporate Bankruptcy (Edward Elgar Press: Barry Adler, Hrsg., 2020) ( Working paper )

  • 'Corporate Insolvency Valuation Disputes,' 166 U. Penn. L. Rev. 1819 (2018) (with Kenneth M. Ayotte) ( Working paper )

  • Consumer Bankruptcy Pathologies, Journal of Institutional and Theoretical Economics (2017) (mit Antoine Uettwiller) ( Working paper )

  • Rules of Thumb for Lender Agreements, University of Illinois Law Review (2015) ( Working paper )

  • Mortgage Modification and Strategic Failure: Evidence from a Court Settlement with Countrywide, American Economic Review (2014) (with Christopher Mayer, Tomasz Piskorski, and Arpit Gupta) ( Working paper )

  • Rolling Back the Repo Safe Harbors, Business Lawyer (2014) (with Mark Roe and Christopher Sontchi) ( Working paper )

  • Extraterritorial Avoidance Actions: Lessons from Madoff, Brooklyn Journal of Corporate, Financial & Commercial Law (2014) ( Working paper )

  • The Economics of Bankruptcy: An Introduction to the Literature, Economics of Bankruptcy (Edward R. Morrison, Hrsg.), Edward Elgar Press (2012) ( Working paper )

  • Dodd-Frank for Bankruptcy Lawyers, American Bankers Institute Law Review (2011) (mit Douglas G. Baird) ( Working paper )

  • Bargaining around Bankruptcy: Small Business Distress and State Law, Journal of Legal Studies (2009) ( Working paper )

  • Creditor Control and Conflict in Chapter 11, Journal of Legal Analysis (2009) (with Kenneth Ayotte) ( Working paper )

  • Is the Insolvency Act an appropriate mechanism for solving the plight of systemically important institutions? Temple Law Review (2009) ( Working paper )

  • A New Proposal for Loan Modifications, Yale Journal on Regulation (2009) (mit Christopher Mayer und Tomasz Piskorski) ( Working paper )

  • Konkurs-Rarität: Small Business Workouts in the United States, European Company and Financial Law Review (2008) ( Working paper )

  • Bankruptcy Decision Making: An Empirical Study of Continuation Bias in Small Business Bankruptcies, Journal of Law and Economics (2007) ( Working paper )

  • Serial Entrepreneurs and Small Business Bankruptcies, Columbia Law Review (2005) (mit Douglas Baird) ( Working paper )

  • Derivatives and the bankruptcy code: why the special treatment? Yale Journal of Regulations (2005) (with Frank Edwards) ( Working paper )

  • Insolvenzentscheidung, Journal of Law, Economics & Organization (2001) (mit Douglas Baird) ( Working paper 1 ) ( Working paper 2 )

Interesting Articles