About

Dr. Jesse Ellis is the Alan T. Dickson Distinguished Professor of Finance at NC State University's Poole College of Management, within the Department of Finance. He previously served as an assistant professor of finance at the University of Alabama’s Culverhouse College of Commerce. Dr. Ellis earned his Ph.D. in finance from the University of Pittsburgh in 2011. His research focuses on empirical corporate finance and investment management, with particular interests in hedge funds, corporate governance, corporate disclosure, and industrial organization. His scholarly work has been published in leading journals such as the Review of Financial Studies, Journal of Financial Economics, Management Science, and the Journal of Accounting Research. Additionally, his research has been featured in prominent media outlets including the Financial Times, the Economist, Reuters, Institutional Investor, and The Business Insider.

Research topics

• Political Science
• Business
• Finance
• Economics
• Computer Science
• Accounting
• Law
• Econometrics
• Actuarial science
• Psychology
• Management

Selected publications

• Better Tax Enforcement Moderates Airbnb's Pressure on Housing Costs

  SSRN Electronic Journal · 2025-01-01

  articleOpen access
  PublisherDOI

• Better Tax Enforcement Moderates Airbnb’s Pressure on Housing Costs

  Journal of Financial and Quantitative Analysis · 2025-04-07

  articleOpen access1st author

  Abstract The growing popularity of home-sharing platforms such as Airbnb, partly fueled by hosts’ ability to evade local taxes and regulations, has been shown to elevate housing costs by reallocating long-term housing units to the short-term rental market. This study assesses whether enhanced tax enforcement can mitigate this trend. We analyze staggered tax collection agreements between Airbnb and Florida counties, wherein Airbnb collects taxes from the hosts directly. Using a difference-in-differences methodology, we find these agreements significantly slow the growth of housing costs, highlighting the importance of tax policy in addressing the sharing economy’s influence on housing affordability.

  PublisherOA PDFDOI

• Death of a Salesman's Manager: Soft Information, Collusion, and Misconduct in Financial Advisory Firms *

  SSRN Electronic Journal · 2024-01-01

  preprintOpen access
  PublisherDOI

• Impact of the COVID-19 pandemic on the career development of individuals with psychiatric disabilities.

  Psychiatric Rehabilitation Journal · 2023-05-30 · 2 citations

  articleOpen access

  OBJECTIVE: The purpose of this preliminary exploratory study was to explore the impact of the COVID-19 pandemic on the career development of diverse individuals with psychiatric disabilities. METHODS: Four hundred sixty-nine individuals with psychiatric disabilities and 147 individuals without psychiatric disabilities completed survey questions regarding their employment and educational experiences during the pandemic. We utilized chi-square analyses to explore the differences between those with and without psychiatric disabilities and between racial groups. RESULTS: Our results indicated that individuals with psychiatric disabilities, especially Black, Indigenous, and other people of color (BIPOC), experienced greater employment-related uncertainty during the COVID-19 pandemic than the population without psychiatric disabilities. CONCLUSIONS AND IMPLICATIONS FOR PRACTICE: Individuals with psychiatric disabilities, particularly BIPOC, need access to more stable employment and supports to maintain their employment. (PsycInfo Database Record (c) 2023 APA, all rights reserved).

  PublisherDOI

• Career advancement inventory: Assessing the attainment of decent work among individuals with SMHC

  PsycEXTRA Dataset · 2021-01-01

  dataset
  PublisherDOI

• The Meeting before the Meeting: Governance Roadshows and Mutual Fund Voting

  SSRN Electronic Journal · 2021 · 4 citations

  1st authorCorresponding
  • Political Science
  • Business
  • Political Science
  PublisherDOI

• How Does Forced-CEO-Turnover Experience Affect Directors?

  Journal of Financial and Quantitative Analysis · 2020 · 34 citations

  1st authorCorresponding
  • Political Science
  • Business
  • Accounting

  Abstract We study changes in independent director behavior and labor-market outcomes after the experience of a forced Chief Executive Officer (CEO) turnover. We find that independent directors are more willing to fire CEOs of underperforming firms, hire outside CEOs after a firing, and encourage better board-meeting attendance by fellow directors. We also find that the shareholders of poorly performing firms react positively when experienced directors join the board. It does come with a small cost for directors, in terms of additional directorships, although the cost is not as great as that for directors who do not fire the CEO of a poorly performing firm.

  PublisherDOI

• Funding Liquidity Risk and the Dynamics of Hedge Fund Lockups

  Journal of Financial and Quantitative Analysis · 2020 · 9 citations

  • Computer Science
  • Business
  • Actuarial science

  Abstract We exploit the expiring nature of hedge fund lockups to create a new measure of funding liquidity risk that varies within funds. We find that hedge funds with lower funding risk generate higher returns, and this effect is driven by their increased exposure to equity-mispricing anomalies. Our results are robust to a variety of sampling criteria, variable definitions, and control variables. Further, we address endogeneity concerns in various ways, including a placebo approach and regression discontinuity design. Collectively, our results support a causal link between funding risk and the ability of managers to engage in risky arbitrage.

  PublisherDOI

• Do Politicians “Put Their Money Where Their Mouth Is?” Ideology and Portfolio Choice

  Management Science · 2019-05-30 · 27 citations

  article

  We examine the role of political ideology in portfolio formation by studying a unique set of investors whose ideology can be precisely captured by a well-defined, continuous measure and whose personal asset allocation decisions are mandatorily disclosed, namely, the members of the U.S. Congress. As such, we overcome important methodological issues facing previous work in this area. We find that politicians with similar beliefs hold similar portfolios and that more liberal members engage in more socially responsible investing (SRI), even within political parties. Politicians disproportionately favor the SRI categories that reflect their favorite issues, while salience plays an important role in activating their ideologically based preferences for SRI. In addition, more ideological investors are less likely to engage in quid pro quo behavior. We conclude that ideology is a pervasive psychological factor that governs decisions across the domains of politics, investing, and, even, ethics. This paper was accepted by Lauren Cohen, finance.

  PublisherDOI

• Born to Be Bad

  SSRN Electronic Journal · 2019-01-01 · 5 citations

  articleOpen access
  PublisherDOI

Frequent coauthors

• Christopher P. Clifford

  University of Kentucky

  13 shared

• Adam L. Aiken

  Elon University

  12 shared

• René M. Stulz

  7 shared

• Frederik P. Schlingemann

  University of Pittsburgh

  6 shared

• Shawn Thomas

  University of Pittsburgh

  6 shared

• Shane Underwood

  Baylor University

  5 shared

• C. Edward Fee

  Tulane University

  5 shared

• William Christopher Gerken

  5 shared

Education

• Ph.D., finance

  University of Pittsburgh

Awards & honors

• University Faculty Scholar (2019)