Effi Benmelech

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Papers

Publications

• Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation, (with Mark J. Garmaise and Tobias J. Moskowitz), Quarterly Journal of Economics (2005), 120(3) 1121-1154.

• Human Capital and the Productivity of Suicide Bombers (with Claude Berrebi), Journal of Economic Perspectives, (2007), 21(3) 223-238. (Copyright, 2007, American Economic Association). This paper is a shorter version of NBER Working Paper 12910: Attack Assignments in Terror Organizations and the Productivity of Suicide Bombers.

• Asset Salability and Debt Maturity: Evidence from 19th Century American Railroads, Review of Financial Studies, (2009), 22(4) 1545-1583 .

• Collateral Pricing (with Nittai Bergman), Journal of Financial Economics, (2009), 91(3) 339-360.

• Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines (with Nittai Bergman), Quarterly Journal of Economics (2008), 123(4) 1635-1677. 

• The Alchemy of CDO Credit Ratings (with Jennifer Dlugosz), Journal of Monetary Economics  Carnegie-Rochester Conference Volume (2009), 56(5) 617-634.  

• The Political Economy of Financial Regulation: Evidence from U.S. Usury Laws in the 19th Century (with Tobias J. Moskowitz), Journal of Finance  Forthcoming. 

• The Credit Rating Crisis (with Jennifer Dlugosz), NBER Macro Annual 2009 Forthcoming. 

• The Economic Cost of Harboring Terrorism (with Claude Berrebi and Esteban Klor), Journal of Conflict Resolution  Forthcoming.

Working Papers

• Credit Traps (with Nittai Bergman), March 2009.

• Managerial Entrenchment and Debt Maturity: Theory and Evidence, August 2006.

• Stock Based Compensation and CEO (Dis)Incentives (with Eugene Kandel and Pietro Veronesi), October 2009.

• Vintage Capital and Creditor Protection (with Nittai Bergman), October 2008.

• Bankruptcy and the Collateral Channel (with Nittai Bergman), September 2009 (REVISED).

• Economic Conditions and the Quality of Suicide Terrorism (with Claude Berrebi and Esteban Klor), January 2009.

• What Lies Beneath: Is there Adverse Selection in CLO Collateral? (with Jennifer Dlugosz and Victoria Ivashina), August 2009.

•  Negotiating with Labor Under Financial Distress (with Nittai Bergman and Ricardo Enriquez), July 2009.

• Finance and Anti-Semitism, June 2009.

• Military CEOs (with Carola Frydman), November 2009.
  

• Soft and Hard Information in Lending: Evidence from Commercial Property Loan Conctracts (with Mark J. Garmaise, Tobias J. Moskowitz, and Jeremy C. Stein), September 2007.

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