Efraim Benmelech

  • 987 Citations
20052019
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Research Output 2005 2019

  • 987 Citations
  • 22 Article
  • 7 Working paper
  • 3 Chapter (peer-reviewed)
  • 3 Review article
2019
3 Citations (Scopus)

Financial frictions and employment during the Great Depression

Benmelech, E., Frydman, C. & Papanikolaou, D., Sep 1 2019, In : Journal of Financial Economics. 133, 3, p. 541-563 23 p.

Research output: Contribution to journalArticle

Great Depression
Financial frictions
Friction
Credit supply
Public debt

The agglomeration of bankruptcy

Benmelech, E., Bergman, N., Milanez, A. & Mukharlyamov, V., Jan 1 2019, In : Review of Financial Studies. 32, 7, p. 2541-2586 46 p.

Research output: Contribution to journalArticle

Bankruptcy
Agglomeration
Financial distress
Liquidation
Peers
2018

Credit market freezes

Benmelech, E. & Bergman, N. K., Jan 1 2018, In : NBER Macroeconomics Annual. 32, 1, p. 493-526 34 p.

Research output: Contribution to journalArticle

Credit markets
Financial crisis
Adverse selection
Liquidity
Illiquidity
2017
16 Citations (Scopus)

The real effects of liquidity during the financial crisis: Evidence from automobiles

Benmelech, E., Meisenzahl, R. R. & Ramcharan, R., Feb 1 2017, In : Quarterly Journal of Economics. 132, 1, p. 317-365 49 p., qjw031.

Research output: Contribution to journalArticle

Liquidity
Financial crisis
Illiquidity
Automobile
Car
2016

Discussion of Patrick Bolton’s “Corporate Finance, Incomplete Contracts, and Corporate Control”

Benmelech, E., 2016, The Impact of Incomplete Contracts on Economics. Aghion, P., Dewatripont, M., Legros, P. & Zingales, L. (eds.). 1st ed. Oxford University Press, p. 138-143 6 p.

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

Open Access
Incomplete contracts
Financial contracting
Corporate control
Corporate finance
Empirical evidence
2015
18 Citations (Scopus)

Counter-suicide-terrorism: Evidence from house demolitions

Benmelech, E., Berrebi, C. & Klor, E. F., Jan 1 2015, In : Journal of Politics. 77, 1, p. 27-43 17 p.

Research output: Contribution to journalArticle

suicide
terrorism
evidence
Israeli
violence
60 Citations (Scopus)

Military CEOs

Benmelech, E. & Frydman, C., Jan 1 2015, In : Journal of Financial Economics. 117, 1, p. 43-59 17 p.

Research output: Contribution to journalArticle

Chief executive officer
Military
Managerial decisions
Corporate investment
Industry

Unions, Productivity and Inequality

Benmelech, E., Bergman, N. K. & Kim, H., 2015.

Research output: Working paper

2014
9 Citations (Scopus)

Repossession and the democratization of credit

Assunção, J. J., Benmelech, E. & Silva, F. S. S., Jan 1 2014, In : Review of Financial Studies. 27, 9, p. 2661-2689 29 p.

Research output: Contribution to journalArticle

Credit
Democratization
Loans
Car
Liberalization

The Agglomeration of Bankruptcy

Benmelech, E., Bergman, N. K., Milanez, A. & Mukharlyamov, V., 2014, National Bureau of Economic Research (NBER).

Research output: Working paper

Bankruptcy
Agglomeration
Peers
Contagion
Retailers
2013

Capacity Utilization Around the World

Benmelech, E. & Bergman, N. K., 2013.

Research output: Working paper

20 Citations (Scopus)

Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis

Benmelech, E. & Dvir, E., Mar 1 2013, In : Journal of International Economics. 89, 2, p. 485-494 10 p.

Research output: Contribution to journalArticle

Asian financial crisis
Vulnerability
Short-term debt
Obligation
Distress

Leasing and Capital Reallocation

Benmelech, E., Bergman, N. K. & Enriquez, R. J., 2013.

Research output: Working paper

2012

An Empirical Analysis of the Fed's Term Auction Facility

Benmelech, E., 2012, Cato Papers on Public Policy, Volume 2: 2012-2013. Miron, J. A. (ed.). Washington, D.C.: Cato Institute, Vol. 2. p. 57-91 35 p.

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

Empirical analysis
Auctions
Loans
Foreign banks
Federal Reserve
15 Citations (Scopus)

Credit traps

Benmelech, E. & Bergman, N. K., Oct 1 2012, In : American Economic Review. 102, 6, p. 3004-3032 29 p.

Research output: Contribution to journalReview article

Trap
Credit
Lending
Community Reinvestment Act
Census
Adherence
Securitization
51 Citations (Scopus)

Economic conditions and the quality of suicide terrorism

Benmelech, E., Berrebi, C. & Klor, E. F., Jan 1 2012, In : Journal of Politics. 74, 1, p. 113-128 16 p.

Research output: Contribution to journalArticle

suicide
terrorism
economics
Israeli
poverty
25 Citations (Scopus)

Negotiating with labor under financial distress

Benmelech, E., Bergman, N. K. & Enriquez, R. J., Jan 1 2012, In : Review of Corporate Finance Studies. 1, 1, p. 28-67 40 p.

Research output: Contribution to journalArticle

Labor
Financial distress
Wages
Negotiating
Airlines

Negotiating with Labor Under Financial Distress

Benmelech, E., Bergman, N. K. & Enriquez, R. J., 2012, In : Review of Corporate Finance Studies. 1, 1, p. 28-67 40 p.

Research output: Contribution to journalArticle

Wages
Negotiating
Labor
Financial distress
Concession
36 Citations (Scopus)

Securitization without adverse selection: The case of CLOs

Benmelech, E., Dlugosz, J. & Ivashina, V., Oct 1 2012, In : Journal of Financial Economics. 106, 1, p. 91-113 23 p.

Research output: Contribution to journalArticle

Adverse selection
Loans
Securitization
Underperformance
Lending
Corporate governance
Financial crisis
Banking crisis
England
Emerging markets
2011
74 Citations (Scopus)

Bankruptcy and the Collateral Channel

Benmelech, E. & Bergman, N. K., Apr 1 2011, In : Journal of Finance. 66, 2, p. 337-378 42 p.

Research output: Contribution to journalArticle

Bankruptcy
Industry
Cost of debt
Debt financing
Competitors

Discussion of Ramseyer and Rasmusen's "Can the Treasury Exempt Its Own Companies from Tax? The $45 Billion GM Net Operating Loss Carryforward

Benmelech, E., 2011, Cato Papers on Public Policy, Volume 1: 2011. Miron, J. (ed.). Washington, D.C.: Cato Institute, Vol. 1. p. 43-46 4 p.

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

Tax
Treasury
Workers
Equity
Reorganization

Financing Labor

Benmelech, E., Bergman, N. K. & Seru, A., 2011, National Bureau of Economic Research (NBER).

Research output: Working paper

Labor
Financing
Responsiveness
Cash flow
Finance and growth
18 Citations (Scopus)

Vintage capital and creditor protection

Benmelech, E. & Bergman, N. K., Feb 1 2011, In : Journal of Financial Economics. 99, 2, p. 308-332 25 p.

Research output: Contribution to journalArticle

Vintage capital
Aircraft
Airline industry
Productivity
Legal protection
2010
86 Citations (Scopus)

Stock-based compensation and ceo (dis)incentives

Benmelech, E., Kandel, E. & Veronesi, P., Nov 1 2010, In : Quarterly Journal of Economics. 125, 4, p. 1769-1820 52 p.

Research output: Contribution to journalArticle

Stock-based compensation
Managers
Incentives
Chief executive officer
News
18 Citations (Scopus)

The economic cost of harboring terrorism

Benmelech, E., Berrebi, C. & Klor, E. F., May 13 2010, In : Journal of Conflict Resolution. 54, 2, p. 331-353 23 p.

Research output: Contribution to journalArticle

terrorism
costs
suicide
economics
unemployment
49 Citations (Scopus)

The political economy of financial regulation: Evidence from U.S. state usury laws in the 19th century

Benmelech, E. & Moskowitz, T. J., Jun 1 2010, In : Journal of Finance. 65, 3, p. 1029-1073 45 p.

Research output: Contribution to journalArticle

Political economy
U.S. States
Financial regulation
Usury
Economic conditions
2009
42 Citations (Scopus)

Asset salability and debt maturity: Evidence from nineteenth-century American railroads

Benmelech, E., Apr 1 2009, In : Review of Financial Studies. 22, 4, p. 1545-1584 40 p.

Research output: Contribution to journalArticle

Railroad
Assets
Debt maturity
Liquidation
Capital structure
84 Citations (Scopus)

Collateral pricing

Benmelech, E. & Bergman, N. K., Mar 1 2009, In : Journal of Financial Economics. 91, 3, p. 339-360 22 p.

Research output: Contribution to journalArticle

Pricing
Debt
Loans
Industry
Costs
87 Citations (Scopus)

The alchemy of CDO credit ratings

Benmelech, E. & Dlugosz, J., Jul 1 2009, In : Journal of Monetary Economics. 56, 5, p. 617-634 18 p.

Research output: Contribution to journalArticle

Loans
CDOs
Credit rating
Obligation
Finance
64 Citations (Scopus)

The credit rating crisis

Benmelech, E. & Dlugosz, J., Dec 1 2009, In : NBER Macroeconomics Annual. 24

Research output: Contribution to journalArticle

CDOs
Credit rating
Shopping
Finance
Rating
2008
51 Citations (Scopus)

Liquidation values and the credibility of financial contract renegotiation: Evidence from U.S. airlines

Benmelech, E. & Bergman, N. K., Nov 1 2008, In : Quarterly Journal of Economics. 123, 4, p. 1635-1677 43 p.

Research output: Contribution to journalArticle

Financial contracts
Liquidation
Airlines
Credibility
Renegotiation
2007
77 Citations (Scopus)

Human capital and the productivity of suicide bombers

Benmelech, E. & Berrebi, C., Jun 1 2007, In : Journal of Economic Perspectives. 21, 3, p. 223-238 16 p.

Research output: Contribution to journalReview article

Human capital
Productivity
Suicide
2005
84 Citations (Scopus)

Do liquidation values affect financial contracts? Evidence from commercial loan contracts and zoning regulation

Benmelech, E., Garmaise, M. J. & Moskowitz, T. J., Aug 1 2005, In : Quarterly Journal of Economics. 120, 3, p. 1121-1154 34 p.

Research output: Contribution to journalReview article

Financial contracts
Liquidation
Zoning
Loans
Assets