Ephraim Benmelech

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Efraim (Effi) Benmelech is an Israeli officer and economist . Since 2014 he has been the Harold L. Stuart Professor of Finance and Director of the Guthrie Center for Real Estate Research at the Kellogg School of Management at Northwestern University in Evanston , Illinois .

Life

Military and state service in Israel

Benmelech was an infantry officer in the Israel Defense Forces from 1990 to 1996 . With the rank of major , he was used as a company commander and chief operating officer in the elite 35th Paratrooper Brigade . From 1998 to 2001 he was the deputy director of the Debt Management Department of the Israel Ministry of Finance in Jerusalem . In 2000/01 he was a member of the board of directors of the state-owned Israel National Coal Supplies Company .

He is married and has four children.

Economic background

Benmelech studied economics and business administration at the Department of Economics and at the School of Business Administration of the Hebrew University of Jerusalem ( BA in Economics) from 1996 to 1999 . In 2001 he earned an MBA. From 2001 to 2005 he completed a Ph.D. -Program in Finance at the Graduate School of Business at the University of Chicago in Illinois . The topic of his dissertation was "Essays on Debt Maturity". The work was supervised by Douglas W. Diamond .

2004/05 he was a post-doc in Organizational Economics at the Harvard Business School of Harvard University in Cambridge , Massachusetts . From 2005 to 2009 he was Assistant Professor and 2009/10 Associate Professor at the Department of Economics there . In 2011/12 he became the Frederick S. Danziger Associate Professor of Economics . In 2012, he joined the Kellogg School of Management at Northwestern University in Evanston , Illinois , as an Associate Professor of Finance .

Benmelech has been Harold L. Stuart Professor of Finance in the Finance Department since 2014 . At the Kellogg School of Management he is also head of the Real Estate program and director of the Guthrie Center for Real Estate Research . He specializes in corporate finance and corporate insolvencies . His research priorities include Applied corporate finance , financing agreements , economic history and the economics of terrorism .

Further scientific activities

From 2006 to 2012 he was a Faculty Research Fellow at the National Bureau of Economic Research (NBER) in Cambridge, Massachusetts; since then he has been a research assistant . There he is involved in NBER's Program on Corporate Finance and The Development of the American Economy Program . Since 2011 he has been the editor of the scientific journal Review of Corporate Finance Studies . He has also been co-editor of the Journal of Finance since 2013 .

He has published peer-reviewed articles in economic and political science journals a. a. Quarterly Journal of Economics , Journal of Economic Perspectives , Review of Financial Studies , Journal of Financial Economics , Journal of Monetary Economics , Journal of Finance , NBER Macroeconomics Annual , Journal of Conflict Resolution , Journal of Politics , Review of Corporate Finance Studies , American Economic Review , CATO Papers on Public Policy and Journal of International Economics . He is also the author of discussion papers and a reviewer for scientific journals.

Since 2002 he has been invited to lectures and discussions - at conferences, organizations and universities - worldwide. a. to the USA, Chile, Hong Kong and Australia, the United Kingdom, the Netherlands, France, Sweden, Austria, Italy and Israel. Short-term academic stays also took him to the Booth School of Business in Chicago, the Stockholm University of Commerce , the Ente Luigi Einaudi Foundation of the Banca d'Italia in Rome , the Federal Reserve Bank of Minneapolis in Minnesota , the Chinese University of Hong Kong , the Hebrew University of Jerusalem and the Becker Friedman Institute for Research in Economics in Chicago. He also served on program committees for international meetings of scientific societies.

Awards

Benmelech received several grants from various organizations u. a. the American Finance Association , the National Science Foundation (for “Empirical Analysis of the Causes and Consequences of Financial Distress”), the Global Association of Risk Professionals (for “Does Short-Term Debt Cause Financial Distress and Crises?”), the Federal Deposit Insurance Corporation / Center for Financial Research ("Asset Salability and Debt Maturity: Evidence from 19th Century American Railroads") and the investment bank Lehman Brothers . He was also honored for his military and academic achievements with the following prizes:

Economic work

Benmelech has an h-index of 9 in the Web of Science , which lists sixteen articles (as of January 1, 2015). Its " SSRN Author Rank" (according to downloads ) is 5,276 (as of January 1, 2015). In the IDEAS Research Papers in Economics database, it achieved an "Average Rank Score" of 1727.68 and is therefore among the top 5% (as of November 2014).

In particular, his research results on the costs of financial tension , the financial crisis and terrorism were repeatedly taken up beyond science in leading Anglo-American media and. a. Bloomberg , The Boston Globe , The Economist , Financial Times , Fortune , The New York Times , The Wall Street Journal and USA Today , but also in the German-language daily and business press, e. B. Börsen-Zeitung , Die Presse , Die Zeit , Handelsblatt and Handelszeitung .

Publications

The four most cited articles are listed below (in descending order):

The following articles were awarded a "Best Paper Award" or similar:

Web links

Individual evidence

  1. ↑ a b c d e f g CV of Efraim Benmelech, Northwestern University, accessed December 31, 2014.
  2. ^ NBER Profiles: Efraim Benmelech . In: NBER Reporter , 2010, No. 1, p. 15.
  3. ^ Initial Jobs of Recent and Prospective Graduates of the Chicago Booth PhD Program , PhD Program Office, Booth School of Business, as of October 29, 2013, accessed January 1, 2015.
  4. ↑ Efraim Benmelech: asset salability and Debt Maturity: Evidence from Nineteenth-Century American Railroads . In: Review of Financial Studies , 2009, Vol. 22, No. 4, pp. 1545–1584. doi : 10.1093 / rfs / hhn036
  5. ↑ Faculty Directory, Harvard University, Department of Economics ( Memento December 12, 2007 in the Internet Archive )
  6. ↑ Faculty Directory, Harvard University, Department of Economics ( Memento of December 4, 2009 in the Internet Archive )
  7. ↑ Faculty Directory, Harvard University, Department of Economics ( Memento from January 23, 2011 in the Internet Archive )
  8. ↑ Faculty, Kellog School of Management, Finance Department ( Memento of November 2, 2012 in the Internet Archive )
  9. ^ Faculty , Finance Department, Kellogg School of Management, accessed January 1, 2015.
  10. ↑ Faculty & Research , Kellogg School of Management, accessed January 1, 2015.
  11. ^ Profile of Efraim Benmelech, National Bureau of Economic Research, accessed January 1, 2015.
  12. ^ Editorial Team , Review of Corporate Finance Studies, accessed January 1, 2015.
  13. ^ Editorial Board , The Journal of Finance, accessed January 1, 2015.
  14. ↑ Academic & Research Employment , Booth School of Business, accessed January 2, 2015.
  15. ↑ Mini Courses Archive , Stockholm School of Economics, accessed January 2, 2015.
  16. ↑ Efraim Benmelech , Becker Friedman Institute for Research in Economics, accessed January 1, 2015.
  17. ^ Research Grant Award Recipients , Global Association of Risk Professionals, accessed January 1, 2015.
  18. ↑ 2005 CFR Working Paper Series , Center for Financial Research, Federal Deposit Insurance Corporation, accessed January 1, 2015.
  19. ↑ 2011 QJE Excellence in Refereeing Award , Oxford Journals, accessed January 1, 2015.
  20. ^ The Brattle Group Prize in Corporate Finance , The Brattle Group, accessed January 1, 2015.
  21. ^ Awards , Review of Corporate Finance Studies, accessed January 1, 2015.
  22. ↑ a b Search Result: Benmelech, E , Web of Science (Thomson Reuters), accessed January 1, 2015.
  23. ↑ Benmelech, Efraim , Social Science Research Network, accessed January 1, 2015.
  24. ↑ Average Rank Score from November 2014 , IDEAS, accessed January 1, 2015.
personal data
SURNAME Benmelech, Ephraim
ALTERNATIVE NAMES Benmelech, Effi
BRIEF DESCRIPTION Israeli officer and economist
DATE OF BIRTH 20th century