Yakov Amihud

New York University - Stern School of Business

Ira Rennert Professor of Entrepreneurial Finance

44 West 4th Street

Suite 9-190

New York, NY 10012-1126

United States

SCHOLARLY PAPERS

35

DOWNLOADS
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17,195

CITATIONS
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SSRN RANKINGS

Top 255

in Total Papers Citations

1,441

Scholarly Papers (35)

1.
Downloads 2,684 ( 3,405)
Citation 30

Creditor Rights and Corporate Risk-Taking

Number of pages: 43 Posted: 18 Jan 2008
New York University - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 1,020 (16,531)
Citation 30

Abstract:

international mergers and acquisitions, bankruptcy code, reorganization, risk taking

Creditor Rights and Corporate Risk-Taking

3rd Annual Conference on Empirical Legal Studies Papers
Number of pages: 61 Posted: 17 Apr 2008 Last Revised: 01 Dec 2009
New York University - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 674 (30,297)
Citation 30

Abstract:

bankruptcy, international finance, corporate governance, investment policy

Creditor Rights and Corporate Risk-Taking

NYU Working Paper No. FIN-08-031
Number of pages: 42 Posted: 09 Mar 2009 Last Revised: 10 Jun 2011
New York University - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 394 (60,585)
Citation 30

Abstract:

creditor rights, investment policy, bankrutcy code

Creditor Rights and Corporate Risk-Taking

NYU Working Paper No. FIN-07-037
Number of pages: 61 Posted: 03 Nov 2008 Last Revised: 01 Dec 2009
New York University - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 299 (83,538)
Citation 30

Abstract:

Creditor Rights and Corporate Risk-Taking

NBER Working Paper No. w15569
Number of pages: 61 Posted: 08 Dec 2009
New York University - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 295 (84,829)
Citation 30

Abstract:

Creditor Rights and Corporate Risk-Taking

CEPR Discussion Paper No. DP6697
Number of pages: 46 Posted: 09 Jun 2008
New York University - Leonard N. Stern School of Business, New York University - Stern School of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 2 (568,434)
Citation 30
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Abstract:

Bankruptcy, Default, Diversification, Managerial turnover, Recovery

Illiquidity and Stock Returns: Cross-Section and Time-Series Effects

NYU Working Paper No. FIN-00-041
Number of pages: 50 Posted: 04 Nov 2008
Yakov Amihud
New York University - Stern School of Business
Downloads 1,892 (6,051)
Citation 808

Abstract:

Illiquidity and Stock Returns: Cross-Section and Time-Series Effects

NYU Working Paper No. S-AM-00-10
Number of pages: 50 Posted: 13 Nov 2008
Yakov Amihud
New York University - Stern School of Business
Downloads 427 (54,852)
Citation 808

Abstract:

3.

The Declining Information Content of Dividend Announcements and the Effects of Institutional Investors

EFMA 2004 Basel Meetings Paper; FIN Working Paper No. 02-061
Number of pages: 44 Posted: 13 May 2004
Yakov Amihud and Kefei Li
New York University - Stern School of Business and Merrill Lynch & Co. - Debt Capital Markets
Downloads 1,347 (10,503)
Citation 18

Abstract:

dividend signaling, institutional investors, disappearing dividend

4.

Mutual Fund's R2 as Predictor of Performance

Forthcoming, Review of Financial Studies
Number of pages: 49 Posted: 24 Dec 2008 Last Revised: 10 Nov 2012
Yakov Amihud and Ruslan Goyenko
New York University - Stern School of Business and McGill University - Desautels Faculty of Management
Downloads 1,299 (8,583)
Citation 23

Abstract:

The Effects of Cross-Border Bank Mergers on Bank Risk and Value

Number of pages: 34 Posted: 03 May 2002
Yakov Amihud, Gayle L. DeLong and Anthony Saunders
New York University - Stern School of Business, City University of New York, CUNY Baruch College - Zicklin School of Business - Department of Economics and Finance and New York University - Leonard N. Stern School of Business
Downloads 1,000 (17,041)
Citation 55

Abstract:

Banks, Mergers, Market reaction, International business

The Effects of Cross-Border Bank Mergers on Bank Risk and Value

NYU Working Paper No. FIN-02-008
Number of pages: 35 Posted: 03 Nov 2008
New York University - Stern School of Business, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 102 (222,880)
Citation 55

Abstract:

Banks, Mergers, Market reaction, International business

The Effects of Cross-Border Bank Mergers on Bank Risk and Value

NYU Working Paper No. S-FI-02-04
Number of pages: 35 Posted: 11 Nov 2008
Yakov Amihud, Gayle L. DeLong and Anthony Saunders
New York University - Stern School of Business, City University of New York, CUNY Baruch College - Zicklin School of Business - Department of Economics and Finance and New York University - Leonard N. Stern School of Business
Downloads 91 (240,905)
Citation 55

Abstract:

The Effects of Cross-Border Bank Mergers on Bank Risk and Value

NYU Working Paper No. S-CG-02-03
Number of pages: 36 Posted: 04 Nov 2008
Yakov Amihud and Gayle L. DeLong
New York University - Stern School of Business and City University of New York, CUNY Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 27 (425,379)
Citation 55

Abstract:

6.

An Institutional Innovation to Reduce the Agency Costs of Public Corporate Bonds

Journal of Applied Corporate Finance, Vol. 13, No. 1, Spring 2000
Number of pages: 23 Posted: 15 Jan 2001
Yakov Amihud, Kenneth Garbade and Marcel Kahan
New York University - Stern School of Business, Federal Reserve Bank of New York and New York University School of Law
Downloads 1,076 (14,598)
Citation 7

Abstract:

Liquidity Risk of Corporate Bond Returns: A Conditional Approach

Journal of Financial Economics (JFE), Forthcoming, AFA 2012 Chicago Meetings Paper
Number of pages: 73 Posted: 20 May 2010 Last Revised: 26 Oct 2012
New York University - Leonard N. Stern School of Business, New York University - Stern School of Business and Arizona State University - W.P. Carey School of Business
Downloads 894 (20,194)
Citation 18

Abstract:

Credit Risk, Credit Spreads, Default, Recession, Flight To Liquidity, Liquidity Risk, Regime Switching Model

Liquidity Risk of Corporate Bond Returns: A Conditional Approach

NBER Working Paper No. w16394
Number of pages: 76 Posted: 27 Sep 2010
New York University - Leonard N. Stern School of Business, New York University - Stern School of Business and Arizona State University - W.P. Carey School of Business
Downloads 43 (359,341)
Citation 18

Abstract:

The Pricing of the Illiquidity Factor's Systematic Risk

Number of pages: 30 Posted: 21 Mar 2014
Yakov Amihud
New York University - Stern School of Business
Downloads 700 (28,783)

Abstract:

Liquidity factor, illiquidity premium, liquidity systematic risk

The Pricing of the Illiquidity Factor's Systematic Risk

Posted: 09 Sep 2016
Yakov Amihud and Joonki Noh
New York University - Stern School of Business and Case Western Reserve University - Department of Banking and Finance

Abstract:

Illiquidity, Systematic Risk, Return Premium, Conditional Beta, Funding Illiquidity

Predictive Regressions: A Reduced-Bias Estimation Method

FIN Working Paper No. 02-019
Number of pages: 66 Posted: 03 Feb 2003
Yakov Amihud and Clifford M. Hurvich
New York University - Stern School of Business and Stern School of Business, New York University
Downloads 343 (71,375)
Citation 54

Abstract:

Stock Returns, Dividend Yields, Autoregressive Models

Predictive Regressions: A Reduced-Bias Estimation Method

NYU Working Paper No. SOR-2004-1
Number of pages: 65 Posted: 03 Nov 2008
Yakov Amihud and Clifford M. Hurvich
New York University - Stern School of Business and Stern School of Business, New York University
Downloads 114 (205,503)
Citation 54

Abstract:

Stock Returns, Dividend Yields, Autoregressive Models

Predictive Regressions: A Reduced-Bias Estimation Method

NYU Working Paper No. SOR-2002-3
Number of pages: 65 Posted: 31 Oct 2008
Yakov Amihud and Clifford M. Hurvich
New York University - Stern School of Business and Stern School of Business, New York University
Downloads 76 (269,751)
Citation 54

Abstract:

Stock Returns, Dividend Yields, Autoregressive Models

Predictive Regressions: A Reduced-Bias Estimation Method

NYU Working Paper No. SOR-2002-7
Number of pages: 46 Posted: 03 Nov 2008
Yakov Amihud and Clifford M. Hurvich
New York University - Stern School of Business and Stern School of Business, New York University
Downloads 33 (397,567)
Citation 54

Abstract:

Stock Returns, Dividend Yields, Autoregressive Models

Predictive Regressions: A Reduced-Bias Estimation Method

NYU Working Paper No. FIN-02-019
Number of pages: 64 Posted: 03 Nov 2008
Yakov Amihud and Clifford M. Hurvich
New York University - Stern School of Business and Stern School of Business, New York University
Downloads 31 (406,246)
Citation 54

Abstract:

Stock Returns, Dividend Yields, Autoregressive Models

10.

Mutual Fund's R^2 as Predictor of Performance

Forthcoming, Review of Financial Studies
Number of pages: 49 Posted: 09 Mar 2009 Last Revised: 10 Nov 2012
Yakov Amihud and Ruslan Goyenko
New York University - Stern School of Business and McGill University - Desautels Faculty of Management
Downloads 576 (32,329)
Citation 19

Abstract:

11.

Allocations, Adverse Selection and Cascades in IPOs: Evidence from the Tel Aviv Stock Exchange

NYU Stern Department of Finance No. FIN-01-017
Number of pages: 40 Posted: 14 Dec 2001
Yakov Amihud, Shmuel Hauser and Amir Kirsh
New York University - Stern School of Business, Ben-Gurion University of the Negev - School of Management and Tel Aviv University - School of Computer Sciences
Downloads 405 (56,390)
Citation 25

Abstract:

Initial public offerings, IPO underpricing

Political News and Stock Prices: The Case of Saddam Hussein Contracts

Number of pages: 26 Posted: 13 Aug 2003
Yakov Amihud and Avi Wohl
New York University - Stern School of Business and Tel Aviv University - Coller School of Management
Downloads 226 (112,712)
Citation 7

Abstract:

political risk, war and the stock market, war and exchange rates

Political News and Stock Prices: The Case of Saddam Hussein Contracts

NYU Working Paper No. S-DRP-03-11
Number of pages: 27 Posted: 07 Nov 2008
Yakov Amihud and Avi Wohl
New York University - Stern School of Business and Tel Aviv University - Coller School of Management
Downloads 86 (249,943)
Citation 7

Abstract:

political risk, war and the stock market, war and exchange rates

Political News and Stock Prices: The Case of Saddam Hussein Contracts

NYU Working Paper No. SC-AM-03-05
Number of pages: 26 Posted: 04 Nov 2008
Yakov Amihud and Avi Wohl
New York University - Stern School of Business and Tel Aviv University - Coller School of Management
Downloads 29 (415,562)
Citation 7

Abstract:

political risk, war and the stock market, war and exchange rates

Political News and Stock Prices: The Case of Saddam Hussein Contracts

NYU Working Paper No. S-MF-03-06
Number of pages: 26 Posted: 12 Nov 2008
Yakov Amihud and Avi Wohl
New York University - Stern School of Business and Tel Aviv University - Coller School of Management
Downloads 14 (499,845)
Citation 7

Abstract:

political risk, war and the stock market, war and exchange rates

Political News and Stock Prices: The Case of Saddam Hussein Contracts

Journal of Banking and Finance, Forthcoming
Posted: 14 Aug 2003
Yakov Amihud and Avi Wohl
New York University - Stern School of Business and Tel Aviv University - Coller School of Management

Abstract:

political risk, war and the stock market, war and exchange rates

13.

The Efficiency and Welfare Foundations of Freezeout Laws in Takeovers

NYU, Ctr for Law and Business Research Paper No. 02-03
Number of pages: 25 Posted: 26 Aug 2002
New York University - Stern School of Business, New York University School of Law and New York University (NYU) - Department of Finance
Downloads 327 (72,430)
Citation 7

Abstract:

14.

Market Microstructure and Securities Values: Evidence from the Tel Aviv Stock Exchange

NYU Working Paper No. FIN-98-004
Number of pages: 37 Posted: 07 Nov 2008
Yakov Amihud, Haim Mendelson and Beni Lauterbach
New York University - Stern School of Business, Stanford University - Stanford Graduate School of Business and Bar-Ilan University - Graduate School of Business Administration
Downloads 287 (73,977)
Citation 95

Abstract:

15.

The Value of Trading Consolidation: Evidence from the Exercise of Warrants

EFMA 2002 London Meetings
Number of pages: 34 Posted: 08 Feb 2002
Yakov Amihud, Beni Lauterbach and Haim Mendelson
New York University - Stern School of Business, Bar-Ilan University - Graduate School of Business Administration and Stanford University - Stanford Graduate School of Business
Downloads 284 (87,326)
Citation 14

Abstract:

Trading fragmentation; market microstructure; value of liquidity.

16.

The Illiquidity Premium: International Evidence

Journal of Financial Economics (JFE), Vol. 117, No. 2, 2015
Number of pages: 52 Posted: 28 Jan 2013 Last Revised: 27 Jan 2016
New York University - Stern School of Business, National University of Singapore (NUS) - Department of Finance, Renmin University of China - Hanqing Institute and James Cook University - College of Business, Law and Governance,
Downloads 221 (115,665)
Citation 1

Abstract:

Illiquidity Premium, International Markets, Commonality in Illiquidity Premium

The Declining Information Content of Dividend Announcements and the Effect of Institutional Holdings

NYU Working Paper No. SC-AM-02-11
Number of pages: 51 Posted: 13 Nov 2008
Yakov Amihud and Kefei Li
New York University - Stern School of Business and Merrill Lynch & Co. - Debt Capital Markets
Downloads 118 (200,217)
Citation 46

Abstract:

The Declining Information Content of Dividend Announcements and the Effect of Institutional Holdings

NYU Working Paper No. S-CG-02-12
Number of pages: 52 Posted: 04 Nov 2008
Yakov Amihud and Kefei Li
New York University - Stern School of Business and Merrill Lynch & Co. - Debt Capital Markets
Downloads 79 (263,575)
Citation 46

Abstract:

18.
Downloads 190 (133,610)
Citation 8

The Foundations of Freezeout Laws in Takeovers

NYU Working Paper No. FIN-02-009
Number of pages: 31 Posted: 03 Nov 2008
New York University - Stern School of Business, New York University School of Law and New York University (NYU) - Department of Finance
Downloads 134 (181,131)
Citation 8

Abstract:

The Foundations of Freezeout Laws in Takeovers

NYU Working Paper No. S-CG-02-04
Number of pages: 32 Posted: 04 Nov 2008
New York University - Stern School of Business, New York University School of Law and New York University (NYU) - Department of Finance
Downloads 56 (318,519)
Citation 8

Abstract:

Allocations, Adverse Selection and Cascades in Ipos Evidence from Israel

NYU Working Paper No. FIN-01-017
Number of pages: 42 Posted: 03 Nov 2008
Yakov Amihud, Shmuel Hauser and Amir Kirsh
New York University - Stern School of Business, Ben-Gurion University of the Negev - School of Management and Tel Aviv University - School of Computer Sciences
Downloads 77 (267,666)
Citation 6

Abstract:

Allocations, Adverse Selection and Cascades in Ipos: Evidence from Israel

NYU Working Paper No. S-FI-01-08
Number of pages: 42 Posted: 11 Nov 2008
Yakov Amihud, Shmuel Hauser and Amir Kirsh
New York University - Stern School of Business, Ben-Gurion University of the Negev - School of Management and Tel Aviv University - School of Computer Sciences
Downloads 55 (321,320)
Citation 6

Abstract:

20.

Why Bidders Lose?

Number of pages: 14 Posted: 01 Jul 2013 Last Revised: 07 Jul 2013
Yakov Amihud, Gayle L. DeLong and Andrey Golubov
New York University - Stern School of Business, City University of New York, CUNY Baruch College - Zicklin School of Business - Department of Economics and Finance and University of Toronto - Rotman School of Management
Downloads 123 (162,906)

Abstract:

Mergers and Acquisitions, Failed Bids, Operating Performance, Stock Market Reaction; Stand-Alone Value

21.

Hypothesis Testing in Predictive Regressions

NYU Working Paper No. FIN-04-030
Number of pages: 49 Posted: 03 Nov 2008
Yakov Amihud, Clifford M. Hurvich and Yi Wang
New York University - Stern School of Business, Stern School of Business, New York University and New York University (NYU) - Department of Information, Operations, and Management Sciences
Downloads 91 (218,577)
Citation 5

Abstract:

22.

Predictive Regression with Order-P Autoregressive Predictor

NYU Working Paper No. 2451/28470
Number of pages: 36 Posted: 06 Jan 2010
Yakov Amihud, Clifford M. Hurvich and Yi Wang
New York University - Stern School of Business, Stern School of Business, New York University and New York University (NYU) - Department of Information, Operations, and Management Sciences
Downloads 87 (232,563)
Citation 2

Abstract:

autoregressive, augmented regression method (ARM)

23.

The Declining Information Content of Dividend Announcements and the Effects of Institutional Holdings

NYU Working Paper No. FIN-02-061
Number of pages: 44 Posted: 03 Nov 2008
Yakov Amihud
New York University - Stern School of Business
Downloads 76 (261,197)
Citation 46

Abstract:

24.

Liquidity and Asset Prices

Foundations and Trends in Finance, Vol. 1, No. 4, 2005
Number of pages: 96 Posted: 15 Jun 2010
New York University - Stern School of Business, Stanford University - Stanford Graduate School of Business and AQR Capital Management, LLC
Downloads 20 (449,378)
Citation 133
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Abstract:

25.

Political News and Stock Prices: The Case of Saddam Hussein Conacts

NYU Working Paper No. FIN-03-019
Number of pages: 27 Posted: 11 Nov 2008
Yakov Amihud and Avi Wohl
New York University - Stern School of Business and Tel Aviv University - Coller School of Management
Downloads 11 (475,431)
Citation 7

Abstract:

political risk, war and the stock market,, war and exchange rates

Liquidity, the Value of the Firm, and Corporate Finance

Journal of Applied Corporate Finance, Vol. 20, Issue 2, pp. 32-45, Spring 2008
Number of pages: 16 Posted: 17 Jul 2008
Yakov Amihud and Haim Mendelson
New York University - Stern School of Business and Stanford University - Stanford Graduate School of Business
Downloads 8 (533,742)
Citation 7
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Abstract:

Liquidity, the Value of the Firm, and Corporate Finance

Journal of Applied Corporate Finance, Vol. 24, Issue 1, pp. 17-32, 2012
Number of pages: 18 Posted: 25 Mar 2012
Yakov Amihud and Haim Mendelson
New York University - Stern School of Business and Stanford University - Stanford Graduate School of Business
Downloads 3 (560,249)
Citation 7
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Abstract:

27.

Settling the Staggered Board Debate

University of Pennsylvania Law Review, Forthcoming
Number of pages: 38 Posted: 11 Sep 2017
New York University - Stern School of Business, University of St. Gallen - Swiss Institute of Banking and Finance and University of California, Berkeley - School of Law
Downloads 0 (193,226)

Abstract:

staggered board, classified boards, corporate governance, anti-takeover devices, E-Index, G-Index

28.

Do Staggered Boards Affect Firm Value?

Number of pages: 49 Posted: 07 Apr 2017 Last Revised: 30 Jun 2017
New York University - Stern School of Business, University of St. Gallen - Swiss Institute of Banking and Finance and University of California, Berkeley - School of Law
Downloads 0 (107,448)

Abstract:

staggered board, classified boards, corporate governance, anti-takeover devices, E-Index,

29.

The Pricing of Illiquidity as a Characteristic and as Risk

Multinational Finance Journal, Vol. 19, No. 3, p. 149-168, 2015
Number of pages: 20 Posted: 07 Nov 2015
Yakov Amihud and Haim Mendelson
New York University - Stern School of Business and Stanford University - Stanford Graduate School of Business
Downloads 0 (97,871)

Abstract:

liquidity; asset pricing; system risk; Amihud measure

30.

Do Staggered Boards Harm Shareholders?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 18 Posted: 06 Nov 2015 Last Revised: 06 May 2016
Yakov Amihud and Stoyan Stoyanov
New York University - Stern School of Business and Berkeley Research Group, LLC
Downloads 0 (52,440)

Abstract:

staggered board, classified board, corporate governance, antitakeover measures

31.

Multiple-Predictor Regressions: Hypothesis Testing

The Review of Financial Studies, Vol. 22, Issue 1, pp. 413-434, 2009
Posted: 03 Jan 2009
Yakov Amihud, Clifford M. Hurvich and Yi Wang
New York University - Stern School of Business, Stern School of Business, New York University and New York University (NYU) - Department of Information, Operations, and Management Sciences

Abstract:

C32, G12

32.

Stock and Bond Liquidity and its Effect on Prices and Financial Policies

Financial Markets and Portfolio Management, Vol. 20, No. 1, pp. 19-32, 2006
Posted: 04 Apr 2006
Yakov Amihud and Haim Mendelson
New York University - Stern School of Business and Stanford University - Stanford Graduate School of Business

Abstract:

Market efficiency, liquidity risk premia, asset prices

33.

A New Governance Structure for Corporate Bonds

Posted: 18 Sep 1998
Yakov Amihud, Kenneth Garbade and Marcel Kahan
New York University - Stern School of Business, Federal Reserve Bank of New York and New York University School of Law

Abstract:

34.

Unexpected Inflation and Stock Returns Revisited - Evidence from Israel

J. OF MONEY, CREDIT, AND BANKING, No. 1, February 1996
Posted: 23 Jul 1998
Yakov Amihud
New York University - Stern School of Business

Abstract:

35.

A New Approach to the Regulation of Trading Across Securities Markets

New York University Law Review, (expected Vol. 71, No.6, December, 1996).
Posted: 10 May 1998
Yakov Amihud and Haim Mendelson
New York University - Stern School of Business and Stanford University - Stanford Graduate School of Business

Abstract: