Beni Lauterbach

Bar-Ilan University - Graduate School of Business Administration

Chairman of the Raymond Ackerman Family Chair in Israeli Corporate Governance at the Graduate School of Business Administration

Ramat Gan

Israel

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

SCHOLARLY PAPERS

33

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CITATIONS
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179

Scholarly Papers (33)

1.

The Value of Voting Rights to Majority Shareholders: Evidence from Dual Class Stock Unifications

EFA 2003 Annual Conference Paper No. 148; ECGI - Finance Working Paper No. 33/2004
Number of pages: 35 Posted: 19 Jul 2003
Shmuel Hauser and Beni Lauterbach
Ben-Gurion University of the Negev - School of Management and Bar-Ilan University - Graduate School of Business Administration
Downloads 1,285 (11,087)
Citation 32

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Value of vote, majority shareholders, dual class stocks, closely held companies

2.

Estimating the Private Benefits of Control from Block Trades: Methodology and Evidence

Part one of the paper was published in Int. Journal of Corporate Governance, Vol. 2, Nos. 3/4, 2011., Part two of the paper was published in Advances in Financial Economics, Vol. 15, 59-77., EFA 2007 Ljubljana Meetings Paper
Number of pages: 54 Posted: 27 Feb 2007 Last Revised: 25 Dec 2013
Ronen Barak and Beni Lauterbach
Ariel University - Department of Economics and Business Administration and Bar-Ilan University - Graduate School of Business Administration
Downloads 359 (59,420)
Citation 2

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Private benefits, block trades, concentrated ownership

3.

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 (74,877)
Citation 95

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4.

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 (89,062)
Citation 14

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Trading fragmentation; market microstructure; value of liquidity.

5.

The Impact of Minimum Trading Units on Stock Value and Price Volatility

EFMA 2002 London Meetings
Number of pages: 29 Posted: 19 Jun 2002
Shmuel Hauser and Beni Lauterbach
Ben-Gurion University of the Negev - School of Management and Bar-Ilan University - Graduate School of Business Administration
Downloads 232 (103,999)
Citation 5

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6.

The Effect of CEO Pay on Firm Valuation in Closely Held Firms

Number of pages: 38 Posted: 28 Feb 2008
Ronen Barak, Shmuel Cohen and Beni Lauterbach
Ariel University - Department of Economics and Business Administration, Bar-Ilan University - S. Daniel Abraham School of Business Administration and Bar-Ilan University - Graduate School of Business Administration
Downloads 194 (119,343)
Citation 3

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CEO compensation, excess compensation, ownership structure, owner CEO, family firms

7.

Market Value Maximizing Ownership Structure when Investor Protection is Weak

Number of pages: 31 Posted: 27 Feb 2005
Beni Lauterbach and Efrat Tolkowsky
Bar-Ilan University - Graduate School of Business Administration and Technion-Israel Institute of Technology - The William Davidson Faculty of Industrial Engineering & Management
Downloads 132 (185,926)
Citation 3

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Corporate Governance, Ownership Structure, insider ownership, ownership concentration, firm value, Firm valuation, Tobin's Q

8.

שכר מנכ"לים בישראל והקשר שלו לבעלות ולביצועים של הפירמה

רבעון לכלכלה, 54 (2), יוני 2007,
Number of pages: 34 Posted: 24 Oct 2013
Ronen Barak, Shmuel Cohen and Beni Lauterbach
Ariel University - Department of Economics and Business Administration, Bar-Ilan University - S. Daniel Abraham School of Business Administration and Bar-Ilan University - Graduate School of Business Administration
Downloads 105 (164,808)

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שכר מנכ"לים

9.

?האם איכות הממשל התאגידי משפיעה על ערך השוק של חברות עסקיות בישראל

רבעון לכלכלה, 56 (3/4), 2009,
Number of pages: 49 Posted: 31 Oct 2013
Beni Lauterbach and Menashe Shahmoon
Bar-Ilan University - Graduate School of Business Administration and Ruppin Academic Center - School of Social Sciences & Management
Downloads 98 (189,414)

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ממשל תאגידי, חברות

10.

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

NYU Working Paper No. FIN-96-007
Number of pages: 43 Posted: 07 Nov 2008
Amihud Yakov, Haim Mendelson and Beni Lauterbach
affiliation not provided to SSRN, Stanford University - Stanford Graduate School of Business and Bar-Ilan University - Graduate School of Business Administration
Downloads 96 (214,933)
Citation 11

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11.

קרנות נאמנות בישראל: שיעורי תשואה וסיכון

רבעון לכלכלה, ספטמבר 2002,
Number of pages: 19 Posted: 24 Oct 2013 Last Revised: 02 Apr 2014
Ronen Barak and Beni Lauterbach
Ariel University - Department of Economics and Business Administration and Bar-Ilan University - Graduate School of Business Administration
Downloads 90 (164,808)

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קרנות נאמנות בישראל

Firm-Initiated and Exchange-Initiated Transfers to Continuous Trading: Evidence from the Warsaw Stock Exchange

EFMA 2004 Basel Meetings Paper
Number of pages: 26 Posted: 09 May 2004
Harald Henke and Beni Lauterbach
European University Viadrina, Frankfurt (Oder) and Bar-Ilan University - Graduate School of Business Administration
Downloads 86 (254,118)
Citation 1

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Firm-initiated and Exchange-initiated Transfers to Continuous Trading: Evidence from the Warsaw Stock Exchange

Journal of Financial Markets, Forthcoming
Posted: 13 Jan 2005
Harald Henke and Beni Lauterbach
European University Viadrina, Frankfurt (Oder) and Bar-Ilan University - Graduate School of Business Administration

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The Media and Firm Reputation Roles in Corporate Governance Improvements: Lessons from European Dual Class Share Unifications

Number of pages: 46 Posted: 08 Sep 2014 Last Revised: 11 Jan 2016
Beni Lauterbach and Anete Pajuste
Bar-Ilan University - Graduate School of Business Administration and Stockholm School of Economics, Riga
Downloads 70 (287,661)

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The Media and Firm Reputation Roles in Corporate Governance Improvements: Lessons from European Dual Class Share Unifications

Corporate Governance: An International Review, Vol. 25, Issue 1, pp. 4-19, 2017
Number of pages: 16 Posted: 07 Jan 2017
Beni Lauterbach and Anete Pajuste
Bar-Ilan University - Graduate School of Business Administration and Stockholm School of Economics, Riga
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Corporate Governance, Dual Class Shares, Firm Reputation, Media Impact

14.

How Does the Quality of Corporate Governance Affect the Market Value of Business Firms in Israel?

Israel Economic Review, Vol. 8, No. 2, 2010
Number of pages: 31 Posted: 20 Dec 2012
Beni Lauterbach and Menashe Shahmoon
Bar-Ilan University - Graduate School of Business Administration and Ruppin Academic Center - School of Social Sciences & Management
Downloads 62 (243,223)

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15.

Mutual Fund's Net Economic Alpha: Definition and Evidence

Journal of Investment Management (JOIM), Second Quarter 2013
Number of pages: 38 Posted: 15 Jun 2013 Last Revised: 16 Jun 2013
Sharon Garyn-Tal and Beni Lauterbach
Max Stern Academic College of Emek Yezreel and Bar-Ilan University - Graduate School of Business Administration
Downloads 57 (284,532)

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Mutual funds, performance evaluation

16.

Firm-Specific Factors Affecting the Private Benefits of Control in Concentrated Ownership Economies
(מאפיינים של הפירמה המשפיעים על טובות ההנאה הפרטיות של גרעין השליטה בכלכלות עם שליטה ריכוזית)

Advances in Financial Economics, Vol. 15, 2012
Number of pages: 19 Posted: 12 Nov 2013 Last Revised: 02 Apr 2014
Ronen Barak and Beni Lauterbach
Ariel University - Department of Economics and Business Administration and Bar-Ilan University - Graduate School of Business Administration
Downloads 37 (339,441)

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Private benefits; Block trades; Concentrated ownership טובות הנאה פרטיות, מסחר בגושי מניות, בעלות ריכוזית

17.

Keeping Up with the Joneses and the Home Bias

European Financial Management, Vol. 10, No. 2, pp. 225-234, June 2004
Number of pages: 10 Posted: 20 Jun 2004
Beni Lauterbach and Haim Reisman
Bar-Ilan University - Graduate School of Business Administration and Technion-Israel Institute of Technology - William Davidson Faculty of Industrial Engineering & Management
Downloads 32 (394,233)
Citation 6
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18.

Differences in Pay between Owner and Non-Owner CEOs: Evidence from Israel

Journal of Multinational Financial Management, Vol. 18, 2008
Number of pages: 23 Posted: 21 Oct 2013
Shmuel Cohen and Beni Lauterbach
Bar-Ilan University - S. Daniel Abraham School of Business Administration and Bar-Ilan University - Graduate School of Business Administration
Downloads 28 (390,314)
Citation 4

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CEO compensation; ownership structure; owner CEO

19.

The Long-Term Valuation Effects of Voluntary Dual Class Share Unifications

Number of pages: 43 Posted: 08 Sep 2014 Last Revised: 24 Dec 2015
Beni Lauterbach and Anete Pajuste
Bar-Ilan University - Graduate School of Business Administration and Stockholm School of Economics, Riga
Downloads 27 (345,504)

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20.

Firm-Specific Factors Affecting the Private Benefits of Control in Concentrated Ownership Economies

Advances in Financial Economics, Vol. 15, 2012
Number of pages: 29 Posted: 21 Oct 2013 Last Revised: 11 Nov 2013
Beni Lauterbach and Ronen Barak
Bar-Ilan University - Graduate School of Business Administration and Ariel University - Department of Economics and Business Administration
Downloads 25 (361,487)

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private benefits; block trades; concentrated ownership

21.

שינויים באחזקות בעלי השליטה – עוד דרך להשגת טובות הנאה פרטיות?

רבעון לכלכלה, 59 (1/4), 2012,
Number of pages: 31 Posted: 28 Oct 2013
Bar-Ilan University - Graduate School of Business Administration, Bar-Ilan University - Graduate School of Business Administration, Bar-Ilan University - Graduate School of Business Administration and Bar-Ilan University - Department of Computer Science
Downloads 22 (371,931)

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תיעול, בעלי שליטה, ממשל תאגידי, טובות הנאה פרטיות

22.

The Formulation of the Four Factor Model when a Considerable Proportion of Firms is Dual-Listed

Number of pages: 30 Posted: 05 Sep 2014
Sharon Garyn-Tal and Beni Lauterbach
Max Stern Academic College of Emek Yezreel and Bar-Ilan University - Graduate School of Business Administration
Downloads 19 (406,631)

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Local and hybrid four factor models; Dually-listed shares; Fama-French- Carhart model.

23.

דפוסי היווצרות התשואות בשוק המניות הישראלי

רבעון לכלכלה, 42, ספטמבר 1991,
Number of pages: 9 Posted: 24 Oct 2013 Last Revised: 06 Nov 2013
Beni Lauterbach
Bar-Ilan University - Graduate School of Business Administration
Downloads 19 (394,233)

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תשואות בשוק המניות הישראלי

24.

התפתחות מחירי מניות המשתנים בשלבי המסחר השונים בבורסה

רבעון לכלכלה, דצמבר, 1996,
Number of pages: 7 Posted: 24 Oct 2013 Last Revised: 02 Apr 2014
Beni Lauterbach and Moshe Rav
Bar-Ilan University - Graduate School of Business Administration and Independent
Downloads 14 (476,635)

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מניות משתנים, מסחר, בורסה

25.

השפעת המעבר לשיטת המסחר במשתנים על התנהגות התשואות ועל מחזורי המסחר

רבעון לכלכלה, אוגוסט, 1993,
Number of pages: 6 Posted: 24 Oct 2013 Last Revised: 02 Apr 2014
Beni Lauterbach
Bar-Ilan University - Graduate School of Business Administration
Downloads 10 (492,204)

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מחזורי מסחר, תשואות

26.

A Note on Price Noises and Their Correction Process: Evidence from Two Equal-Payoff Government Bonds

Journal of Banking and Finance, Vol. 25, 2001
Number of pages: 22 Posted: 21 Oct 2013
Beni Lauterbach and Avi Wohl
Bar-Ilan University - Graduate School of Business Administration and Tel Aviv University - Coller School of Management
Downloads 6 (522,389)
Citation 1

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market microstructure; market efficiency; price noise; price correction

27.

Changes in Controlling Shareholders’ Holdings: Do They Entail Financial Tunneling?

Advances in Financial Economics, Vol. 18, 2015
Number of pages: 27 Posted: 08 Jun 2017
Menachem (Meni) Abudy and Beni Lauterbach
Bar-Ilan University - Graduate School of Business Administration and Bar-Ilan University - Graduate School of Business Administration
Downloads 5 (531,588)

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Controlling shareholders; Financial tunneling

28.

Long Term Changes in Voting Power and Control Structure Following the Unification of Dual Class Shares

CEPR Discussion Paper No. DP7287
Number of pages: 37 Posted: 15 Jul 2009
Beni Lauterbach and Yishay Yafeh
Bar-Ilan University - Graduate School of Business Administration and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 2 (548,920)
Citation 2
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Corporate Governance, Dual class shares

29.

The Life-Cycle of Dual Class Firms: From IPO to Sunset

Number of pages: 52 Posted: 01 Nov 2017
Martijn Cremers, Beni Lauterbach and Anete Pajuste
University of Notre Dame, Bar-Ilan University - Graduate School of Business Administration and Stockholm School of Economics, Riga
Downloads 0 (361,487)

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Dual class shares, anti-takeover defenses, unifications, sunset provisions

30.

Is it Worthwhile to Augment the Legal Protection of Public Debt Placed by Privately Held Companies?

Number of pages: 40 Posted: 05 Jun 2017
Keren Bar-Hava, Roi Katz and Beni Lauterbach
Hebrew University of Jerusalem - Jerusalem School of Business Administration, Hebrew University of Jerusalem - Jerusalem School of Business Administration and Bar-Ilan University - Graduate School of Business Administration
Downloads 0 (527,075)

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Debt of privately held companies; corporate governance improvements; Regulatory reforms in bond markets

31.

Efficient Labor and Capital Markets: Evidence from CEO Appointments

Financial Management, Vol. 32, No. 2, Summer 2003
Posted: 22 Jun 2003
James S. Ang, Beni Lauterbach and Joseph D. Vu
Florida State University, Bar-Ilan University - Graduate School of Business Administration and DePaul University - Department of Finance

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32.

Market Response to Liquidity Improvements: Evidence from Exchange Listings

Financial Review, February 2000
Posted: 01 Feb 2000
Elyas Elyasiani, Shmuel Hauser and Beni Lauterbach
Temple University - Department of Finance, Ben-Gurion University of the Negev - School of Management and Bar-Ilan University - Graduate School of Business Administration

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33.

Contestability and Pay Differential in the Executive Suites

European Financial Management
Posted: 20 Jan 1998
James S. Ang, Shmuel Hauser and Beni Lauterbach
Florida State University, Ben-Gurion University of the Negev - School of Management and Bar-Ilan University - Graduate School of Business Administration

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