Author Page for Efraim Benmelech

Northwestern University - Kellogg School of Management, Federal Reserve Bank of Chicago and University of Southern California, Marshall School of Business

Downloads 323 (106,914)

Citation 3

Abstract:

The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles

NBER Working Paper No. w22148

Number of pages: 75 Posted: 11 Apr 2016

Efraim Benmelech, Ralf Meisenzahl and Rodney Ramcharan

Northwestern University - Kellogg School of Management, Federal Reserve Bank of Chicago and University of Southern California, Marshall School of Business

Downloads 21 (604,173)

Citation 16

Abstract:

9.

Stock-Based Compensation and CEO (Dis)Incentives

Downloads 339 (101,901)

Citation 55

3

Stock-Based Compensation and CEO (Dis)Incentives

Number of pages: 53 Posted: 27 Mar 2008

Efraim Benmelech, Eugene Kandel and Pietro Veronesi

Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - Department of Economics and University of Chicago - Booth School of Business

Downloads 282 (123,642)

Citation 3

Abstract:

Stock-Based Compensation and CEO (Dis)Incentives

NBER Working Paper No. w13732

Number of pages: 54 Posted: 11 Jan 2008 Last Revised: 29 Oct 2014

Efraim Benmelech, Pietro Veronesi and Eugene Kandel

Northwestern University - Kellogg School of Management, University of Chicago - Booth School of Business and Hebrew University of Jerusalem - Department of Economics

Downloads 52 (440,374)

Abstract:

Stock-Based Compensation and CEO (Dis)Incentives

CEPR Discussion Paper No. DP6515

Number of pages: 52 Posted: 05 Jun 2008

Efraim Benmelech, Eugene Kandel and Pietro Veronesi

Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - Department of Economics and University of Chicago - Booth School of Business

Downloads 5 (727,590)

Citation 14

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Abstract:

10.

Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines

Downloads 294 (119,005)

Citation 38

2

Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines

9th Annual Texas Finance Festival, AFA 2008 New Orleans Meetings Paper

Number of pages: 40 Posted: 12 Mar 2007 Last Revised: 23 May 2008

Efraim Benmelech and Nittai Bergman

Northwestern University - Kellogg School of Management and Tel Aviv University

Downloads 279 (125,080)

Citation 42

Abstract:

Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines

NBER Working Paper No. w14059

Number of pages: 40 Posted: 09 Jun 2008 Last Revised: 13 Jun 2008

Efraim Benmelech and Nittai Bergman

Northwestern University - Kellogg School of Management and Tel Aviv University

Downloads 15 (648,370)

Abstract:

11.

Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?

Downloads 275 (127,678)

Citation 18

2

Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?

Number of pages: 62 Posted: 22 Mar 2018 Last Revised: 07 Dec 2019

Efraim Benmelech, Nittai Bergman and Hyunseob Kim

Northwestern University - Kellogg School of Management, Tel Aviv University and Cornell University - Samuel Curtis Johnson Graduate School of Management

Downloads 263 (133,091)

Citation 15

Abstract:

Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?

NBER Working Paper No. w24307

Number of pages: 51 Posted: 02 Jun 2018

Efraim Benmelech, Nittai Bergman and Hyunseob Kim

Northwestern University - Kellogg School of Management, Tel Aviv University - Berglas School of Economics and Cornell University - Samuel Curtis Johnson Graduate School of Management

Downloads 12 (672,116)

Citation 1

Abstract:

12.

The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 18th and 19th Century

AFA 2007 Chicago Meetings Paper

Number of pages: 57 Posted: 17 Mar 2006

Efraim Benmelech and Tobias J. Moskowitz

Northwestern University - Kellogg School of Management and Yale University, Yale SOM

Downloads 253 (139,136)

Citation 20

Abstract:

13.

Negotiating with Labor Under Financial Distress

Downloads 225 (155,853)

Citation 15

2

Negotiating with Labor Under Financial Distress

AFA 2011 Denver Meetings Paper

Number of pages: 50 Posted: 25 Feb 2010

Efraim Benmelech, Nittai Bergman and Ricardo Enriquez

Northwestern University - Kellogg School of Management, Tel Aviv University and Harvard University

Downloads 205 (170,030)

Citation 13

Abstract:

Negotiating with Labor Under Financial Distress

NBER Working Paper No. w17192

Number of pages: 48 Posted: 11 Jul 2011

Efraim Benmelech, Nittai Bergman and Ricardo Enriquez

Northwestern University - Kellogg School of Management, Tel Aviv University and Harvard University

Downloads 20 (611,331)

Abstract:

14.

Credit Traps

Downloads 220 (159,205)

Citation 15

2

Credit Traps

AFA 2011 Denver Meetings Paper

Number of pages: 40 Posted: 14 Mar 2010

Efraim Benmelech and Nittai Bergman

Northwestern University - Kellogg School of Management and Tel Aviv University

Downloads 192 (180,675)

Citation 15

Abstract:

Credit Traps

NBER Working Paper No. w16200

Number of pages: 50 Posted: 19 Jul 2010 Last Revised: 31 Jul 2010

Efraim Benmelech and Nittai Bergman

Northwestern University - Kellogg School of Management and Tel Aviv University

Downloads 28 (556,346)

Abstract:

15.

Secured Credit Spreads and the Issuance of Secured Debt

Downloads 204 (171,045)

2

Secured Credit Spreads and the Issuance of Secured Debt

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-14

Number of pages: 58 Posted: 04 Mar 2020 Last Revised: 03 Dec 2020

Efraim Benmelech, Nitish Kumar and Raghuram G. Rajan

Northwestern University - Kellogg School of Management, University of Florida and University of Chicago - Booth School of Business

Downloads 119 (268,936)

Abstract:

Secured Credit Spreads and the Issuance of Secured Debt

Number of pages: 57 Posted: 02 Mar 2020 Last Revised: 03 Dec 2020

Efraim Benmelech, Nitish Kumar and Raghuram G. Rajan

Northwestern University - Kellogg School of Management, University of Florida and University of Chicago - Booth School of Business

Downloads 85 (337,713)

Abstract:

16.

Economic Conditions and the Quality of Suicide Terrorism

Downloads 197 (176,687)

Citation 18

3

Economic Conditions and the Quality of Suicide Terrorism

Number of pages: 40 Posted: 26 Mar 2009 Last Revised: 25 Feb 2010

Efraim Benmelech, Claude Berrebi and Esteban F. Klor

Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics

Downloads 171 (200,265)

Abstract:

Economic Conditions and the Quality of Suicide Terrorism

NBER Working Paper No. w16320

Number of pages: 40 Posted: 30 Aug 2010

Efraim Benmelech, Claude Berrebi and Esteban F. Klor

Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics

Downloads 24 (582,985)

Abstract:

Economic Conditions and the Quality of Suicide Terrorism

CEPR Discussion Paper No. DP7995

Number of pages: 42 Posted: 14 Nov 2010

Efraim Benmelech, Claude Berrebi and Esteban F. Klor

Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics

Downloads 2 (756,482)

Citation 6

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Abstract:

17.

The Alchemy of Cdo Credit Ratings

NBER Working Paper No. w14878

Number of pages: 43 Posted: 20 Apr 2009 Last Revised: 28 Aug 2010

Efraim Benmelech and Jennifer Dlugosz

Northwestern University - Kellogg School of Management and Board of Governors of the Federal Reserve System

Downloads 178 (193,445)

Citation 13

Abstract:

18.

Vintage Capital and Creditor Protection

Downloads 174 (197,196)

Citation 7

2

Vintage Capital and Creditor Protection

Number of pages: 42 Posted: 26 Mar 2008 Last Revised: 22 Oct 2008

Efraim Benmelech and Nittai Bergman

Northwestern University - Kellogg School of Management and Tel Aviv University

Downloads 157 (215,565)

Citation 6

Abstract:

Vintage Capital and Creditor Protection

NBER Working Paper No. w15735

Number of pages: 53 Posted: 10 Feb 2010 Last Revised: 01 Jul 2010

Efraim Benmelech and Nittai Bergman

Northwestern University - Kellogg School of Management and Tel Aviv University

Downloads 17 (633,338)

Abstract:

19.

Civic Capital and Social Distancing During the COVID-19 Pandemic

Downloads 164 (207,416)

Citation 13

3

Civic Capital and Social Distancing During the COVID-19 Pandemic

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-74

Number of pages: 45 Posted: 01 Jun 2020 Last Revised: 03 Jun 2020

John Manuel Barrios, Efraim Benmelech, Yael V. Hochberg, Paola Sapienza and Luigi Zingales

Washington University in St. Louis - Olin Business School, Northwestern University - Kellogg School of Management, National Bureau of Economic Research (NBER), Northwestern University - Kellogg School of Management - Department of Finance and University of Chicago - Booth School of Business

Downloads 90 (325,667)

Citation 2

Abstract:

Civic Capital and Social Distancing During the Covid-19 Pandemic

NBER Working Paper No. w27320

Number of pages: 45 Posted: 10 Jun 2020 Last Revised: 17 Jun 2020

John Manuel Barrios, Efraim Benmelech, Yael V. Hochberg, Paola Sapienza and Luigi Zingales

Washington University in St. Louis - Olin Business School, Northwestern University - Kellogg School of Management, National Bureau of Economic Research (NBER), Northwestern University - Kellogg School of Management - Department of Finance and University of Chicago - Booth School of Business

Downloads 74 (366,868)

Abstract:

Civic Capital and Social Distancing During the COVID-19 Pandemic

CEPR Discussion Paper No. DP14900

Number of pages: 47 Posted: 29 Jun 2020

John Manuel Barrios, Efraim Benmelech, Yael V. Hochberg, Paola Sapienza and Luigi Zingales

Washington University in St. Louis - Olin Business School, Northwestern University - Kellogg School of Management, National Bureau of Economic Research (NBER), Northwestern University - Kellogg School of Management - Department of Finance and University of Chicago - Booth School of Business

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Citation 7

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Abstract:

20.

What Explains the Flow of Foreign Fighters to Isis?

Downloads 112 (279,419)

Citation 2

2

What Explains the Flow of Foreign Fighters to Isis?

NBER Working Paper No. w22190

Number of pages: 27 Posted: 25 Apr 2016 Last Revised: 06 May 2016

Efraim Benmelech and Esteban F. Klor

Northwestern University - Kellogg School of Management and Hebrew University of Jerusalem - Department of Economics

Downloads 56 (425,358)

Citation 1

Abstract:

What Explains the Flow of Foreign Fighters to ISIS?

Number of pages: 27 Posted: 10 May 2016

Efraim Benmelech and Esteban F. Klor

Northwestern University - Kellogg School of Management and Hebrew University of Jerusalem - Department of Economics

Downloads 56 (425,358)

Abstract:

21.

An Evaluation of the Different Approaches and Methodologies for Evaluating Investment Holding Companies' Credit Ratings

Number of pages: 15 Posted: 13 Jun 2017

Efraim Benmelech

Northwestern University - Kellogg School of Management

Downloads 111 (281,132)

Abstract:

22.

Credit Market Freezes

Downloads 110 (282,920)

Citation 5

2

Credit Market Freezes

Number of pages: 47 Posted: 22 Jun 2017

Efraim Benmelech and Nittai Bergman

Northwestern University - Kellogg School of Management and Tel Aviv University

Downloads 92 (321,075)

Abstract:

Credit Market Freezes

NBER Working Paper No. w23512

Number of pages: 48 Posted: 19 Jun 2017

Efraim Benmelech and Nittai Bergman

Northwestern University - Kellogg School of Management and Tel Aviv University

Downloads 18 (626,037)

Citation 2

Abstract:

23.

The Determinants of Fiscal and Monetary Policies During the COVID-19 Crisis

Downloads 105 (292,329)

2

The Determinants of Fiscal and Monetary Policies During the COVID-19 Crisis

Number of pages: 43 Posted: 26 Jun 2020 Last Revised: 06 Jan 2021

Efraim Benmelech and Nitzan Tzur-Ilan

Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management

Downloads 79 (353,125)

Abstract:

The Determinants of Fiscal and Monetary Policies During the Covid-19 Crisis

NBER Working Paper No. w27461

Number of pages: 43 Posted: 07 Jul 2020

Efraim Benmelech and Nitzan Tzur-Ilan

Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management

Downloads 26 (569,174)

Abstract:

24.

Military CEOS

NBER Working Paper No. w19782

Number of pages: 56 Posted: 04 Jan 2014 Last Revised: 23 Jan 2014

Efraim Benmelech and Carola Frydman

Northwestern University - Kellogg School of Management and Northwestern University

Downloads 90 (323,068)

Citation 36

Abstract:

25.

The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century

NBER Working Paper No. w12851

Number of pages: 53 Posted: 24 Jan 2007 Last Revised: 30 Apr 2013

Tobias J. Moskowitz and Efraim Benmelech

Yale University, Yale SOM and Northwestern University - Kellogg School of Management

Downloads 85 (334,805)

Citation 6

Abstract:

26.

Counter-Suicide-Terrorism: Evidence from House Demolitions

Downloads 73 (365,731)

Citation 1

2

Counter-Suicide-Terrorism: Evidence from House Demolitions

Number of pages: 48 Posted: 19 Oct 2012 Last Revised: 18 Jun 2020

Efraim Benmelech, Claude Berrebi and Esteban F. Klor

Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics

Downloads 48 (456,260)

Citation 1

Abstract:

Counter-Suicide-Terrorism: Evidence from House Demolitions

NBER Working Paper No. w16493

Number of pages: 36 Posted: 01 Nov 2010

Efraim Benmelech, Claude Berrebi and Esteban F. Klor

Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics

Downloads 25 (576,049)

Abstract:

27.

Bankruptcy and the Collateral Channel

NBER Working Paper No. w15708

Number of pages: 57 Posted: 01 Feb 2010 Last Revised: 06 Feb 2010

Efraim Benmelech and Nittai Bergman

Northwestern University - Kellogg School of Management and Tel Aviv University

Downloads 68 (380,121)

Citation 9

Abstract:

28.

Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation

NBER Working Paper No. w11004

Number of pages: 50 Posted: 20 Jan 2005 Last Revised: 15 Aug 2014

Efraim Benmelech, Tobias J. Moskowitz and Mark J. Garmaise

Northwestern University - Kellogg School of Management, Yale University, Yale SOM and University of California, Los Angeles (UCLA) - Anderson School of Management

Downloads 64 (392,380)

Citation 20

Abstract:

29.

Attack Assignments in Terror Organizations and the Productivity of Suicide Bombers

NBER Working Paper No. w12910

Number of pages: 30 Posted: 17 Feb 2007 Last Revised: 05 Apr 2007

Efraim Benmelech and Claude Berrebi

Northwestern University - Kellogg School of Management and Hebrew University of Jerusalem - School of Public Policy

Downloads 61 (402,013)

Abstract:

30.

Repossession and the Democratization of Credit

NBER Working Paper No. w17858

Number of pages: 37 Posted: 24 Feb 2012 Last Revised: 27 Oct 2014

Juliano J. Assunção, Efraim Benmelech and Fernando Souza Silva

Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Northwestern University - Kellogg School of Management and affiliation not provided to SSRN

Downloads 34 (509,485)

Citation 5

Abstract:

31.

Making the House a Home: The Stimulative Effect of Home Purchases on Consumption and Investment

NBER Working Paper No. w23570

Number of pages: 64 Posted: 17 Jul 2017

Efraim Benmelech, Adam M. Guren and Brian Melzer

Northwestern University - Kellogg School of Management, Boston University - Department of Economics and Federal Reserve Bank of Chicago

Downloads 24 (565,740)

Abstract:

32.

The Agglomeration of Bankruptcy

NBER Working Paper No. w20254

Number of pages: 50 Posted: 30 Jun 2014 Last Revised: 18 Jul 2014

Efraim Benmelech, Nittai Bergman, Anna Milanez and Vladimir Mukharlyamov

Northwestern University - Kellogg School of Management, Tel Aviv University, Deloitte Consulting LLP and Georgetown University - McDonough School of Business

Downloads 23 (571,969)

Citation 1

Abstract:

33.

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

NBER Working Paper No. w17468

Number of pages: 33 Posted: 30 Sep 2011

Efraim Benmelech and Eyal Dvir

Northwestern University - Kellogg School of Management and Charles River Associates (CRA) - Competition Practice

Downloads 23 (571,969)

Citation 2

Abstract:

34.

An Empirical Analysis of the Fed&Apos;S Term Auction Facility

NBER Working Paper No. w18304

Number of pages: 32 Posted: 18 Aug 2012

Efraim Benmelech

Northwestern University - Kellogg School of Management

Downloads 21 (585,008)

Citation 1

Abstract:

35.

Financial Frictions and Employment During the Great Depression

NBER Working Paper No. w23216

Number of pages: 60 Posted: 22 Mar 2017 Last Revised: 07 Dec 2020

Efraim Benmelech, Carola Frydman and Dimitris Papanikolaou

Northwestern University - Kellogg School of Management, Northwestern University and Northwestern University - Kellogg School of Management - Department of Finance

Downloads 20 (591,557)

Citation 19

Abstract:

36.

The Economic Cost of Harboring Terrorism

NBER Working Paper No. w15465

Number of pages: 32 Posted: 03 Nov 2009 Last Revised: 10 Nov 2009

Efraim Benmelech, Claude Berrebi and Esteban F. Klor

Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics

Downloads 19 (598,336)

Citation 5

Abstract:

37.

Debt, Information, and Illiquidity

NBER Working Paper No. w25054

Number of pages: 54 Posted: 17 Sep 2018

Efraim Benmelech and Nittai Bergman

Northwestern University - Kellogg School of Management and Tel Aviv University - Berglas School of Economics

Downloads 8 (675,471)

Abstract:

38.

Secured Credit Spreads and the Issuance of Secured Debt

NBER Working Paper No. w26799

Number of pages: 58 Posted: 02 Mar 2020 Last Revised: 07 Dec 2020

Efraim Benmelech, Nitish Kumar and Raghuram G. Rajan

Northwestern University - Kellogg School of Management, University of Florida and University of Chicago - Booth School of Business

Downloads 4 (705,041)

Add to Cart

Abstract:

39.

Human Capital and the Productivity of Suicide Bombers

JOURNAL OF ECONOMIC PERSPECTIVES -VOL. 21, NO. 3, SUMMER 2007 (pp. 223-238) DOI: 10.1257/jep.21.3.223

Posted: 10 Jul 2020

Efraim Benmelech and Claude Berrebi

Northwestern University - Kellogg School of Management and Hebrew University of Jerusalem - School of Public Policy

Abstract:

40.

Asset Salability and Debt Maturity: Evidence from Nineteenth-Century American Railroads

The Review of Financial Studies, Vol. 22, No. 4, pp. 1545-1584, 2009

Posted: 23 Mar 2009

Efraim Benmelech

Northwestern University - Kellogg School of Management

Efraim Benmelech

Harold L. Stuart Professor of Finance

National Bureau of Economic Research (NBER)

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Scholarly Papers (40)

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The Decline of Secured Debt

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Stock-Based Compensation and CEO (Dis)Incentives

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Economic Conditions and the Quality of Suicide Terrorism

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Civic Capital and Social Distancing During the COVID-19 Pandemic

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