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Efraim Benmelech

  • 910 Citations
20052019
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Research Output 2005 2019

  • 910 Citations
  • 20 Article
  • 7 Working paper
  • 3 Chapter (peer-reviewed)
  • 3 Review article
Article
40 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 journal › Article

Railroad
Assets
Debt maturity
Liquidation
Capital structure
72 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 journal › Article

Bankruptcy
Industry
Cost of debt
Debt financing
Competitors
81 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 journal › Article

Pricing
Debt
Loans
Industry
Costs
17 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 journal › Article

suicide
terrorism
evidence
Israeli
violence

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 journal › Article

Credit markets
Financial crisis
Adverse selection
Liquidity
Illiquidity
19 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 journal › Article

Asian financial crisis
Vulnerability
Short-term debt
Obligation
Distress
49 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 journal › Article

suicide
terrorism
economics
Israeli
poverty
2 Citations (Scopus)

Financial frictions and employment during the Great Depression

Benmelech, E., Frydman, C. & Papanikolaou, D., Jan 1 2019, In : Journal of Financial Economics.

Research output: Contribution to journal › Article

Great Depression
Financial frictions
Friction
Credit supply
Public debt
50 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 journal › Article

Financial contracts
Liquidation
Airlines
Credibility
Renegotiation
53 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 journal › Article

Chief executive officer
Military
Managerial decisions
Corporate investment
Industry

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 journal › Article

Wages
Negotiating
Labor
Financial distress
Concession
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 journal › Article

Credit
Democratization
Loans
Car
Liberalization
33 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 journal › Article

Adverse selection
Loans
Securitization
Underperformance
Lending
79 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 journal › Article

Stock-based compensation
Managers
Incentives
Chief executive officer
News
85 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 journal › Article

Loans
CDOs
Credit rating
Obligation
Finance
61 Citations (Scopus)

The credit rating crisis

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

Research output: Contribution to journal › Article

CDOs
Credit rating
Shopping
Finance
Rating
17 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 journal › Article

terrorism
costs
suicide
economics
unemployment
45 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 journal › Article

Political economy
U.S. States
Financial regulation
Usury
Economic conditions
11 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 journal › Article

Liquidity
Financial crisis
Illiquidity
Automobile
Car
15 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 journal › Article

Vintage capital
Aircraft
Airline industry
Productivity
Legal protection
Chapter (peer-reviewed)

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 proceeding › Chapter (peer-reviewed)

Empirical analysis
Auctions
Loans
Foreign banks
Federal Reserve

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 proceeding › Chapter (peer-reviewed)

Open Access
Incomplete contracts
Financial contracting
Corporate control
Corporate finance
Empirical evidence

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 proceeding › Chapter (peer-reviewed)

Tax
Treasury
Workers
Equity
Reorganization
Review article
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 journal › Review article

Trap
Credit
82 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 journal › Review article

Financial contracts
Liquidation
Zoning
Loans
Assets
75 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 journal › Review article

Human capital
Productivity
Suicide
Working paper

Capacity Utilization Around the World

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

Research output: Working paper

Did the Community Reinvestment Act (CRA) Lead to Risky Lending?

Agarwal, S., Benmelech, E., Bergman, N. K. & Seru, A., 2012, National Bureau of Economic Research (NBER).

Research output: Working paper

Lending
Community Reinvestment Act
Census
Adherence
Securitization

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

Leasing and Capital Reallocation

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

Research output: Working paper

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

The Financial Crisis of 1873 and 19th Century American Corporate Governance

Benmelech, E. & Bordo, M., 2012.

Research output: Working paper

Corporate governance
Financial crisis
Banking crisis
England
Emerging markets

Unions, Productivity and Inequality

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

Research output: Working paper