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 the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • Bar-Ilan University - Graduate School of Business Administration

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

41

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Top 6,913

in Total Papers Citations

161

Scholarly Papers (41)

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1.

The Life-Cycle of Dual Class Firm Valuation

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 550/2018
Number of pages: 58 Posted: 01 Nov 2017 Last Revised: 17 Aug 2022
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 3,108 (8,777)
Citation 8

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Dual class shares; life cycle; anti-takeover defenses; unifications; founder-led firms; sunset provisions

2.

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 1,577 (25,677)
Citation 26

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

3.

Benchmarking of Pay Components in CEO Compensation Design

European Corporate Governance Institute – Finance Working Paper No. 768/2021, Journal of Corporate Finance, Forthcoming
Number of pages: 39 Posted: 07 Jun 2021 Last Revised: 15 Feb 2023
Yaniv Grinstein, Yaniv Grinstein, Beni Lauterbach and Revital Yosef
Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management, Bar-Ilan University - Graduate School of Business Administration and Bar Ilan University
Downloads 569 (105,099)
Citation 4

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Benchmarking, CEO compensation, peer group, pay mix, pay components

4.

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
Jerusalem College of Technology and Bar-Ilan University - Graduate School of Business Administration
Downloads 488 (126,986)
Citation 2

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Private benefits, block trades, concentrated ownership

5.

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 477 (130,445)
Citation 11

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6.

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 431 (147,196)
Citation 17

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Trading fragmentation; market microstructure; value of liquidity.

7.

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
Jerusalem College of Technology, Bar-Ilan University - S. Daniel Abraham School of Business Administration and Bar-Ilan University - Graduate School of Business Administration
Downloads 357 (182,061)
Citation 5

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

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
Jerusalem College of Technology, Bar-Ilan University - S. Daniel Abraham School of Business Administration and Bar-Ilan University - Graduate School of Business Administration
Downloads 342 (190,713)

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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 340 (191,991)

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ממשל תאגידי, חברות

10.

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 310 (212,180)
Citation 3

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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
Jerusalem College of Technology and Bar-Ilan University - Graduate School of Business Administration
Downloads 290 (227,792)

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קרנות נאמנות בישראל

12.

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 198 (331,683)
Citation 4

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13.

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 187 (349,712)
Citation 54

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14.

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 176 (369,291)
Citation 2

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

15.

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 175 (371,180)

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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
Jerusalem College of Technology and Bar-Ilan University - Graduate School of Business Administration
Downloads 172 (376,877)

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

17.

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

Number of pages: 43 Posted: 08 Sep 2014 Last Revised: 19 Dec 2018
Beni Lauterbach and Anete Pajuste
Bar-Ilan University - Graduate School of Business Administration and Stockholm School of Economics, Riga
Downloads 166 (388,781)
Citation 4

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18.

The Choice Between Various Freeze-out Procedures and its Consequences

European Corporate Governance Institute – Finance Working Paper No. 735/2021
Number of pages: 55 Posted: 18 Mar 2021
Beni Lauterbach, Evgeny Lyandres, Yevgeny Mugerman and Barak Yarkoni
Bar-Ilan University - Graduate School of Business Administration, Tel Aviv University, Bar Ilan University and Ariel University - Department of Economics and Business Administration
Downloads 164 (392,900)

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Going private transactions, controlling shareholders, mergers, tender offers

19.

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 156 (410,185)
Citation 4

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CEO compensation; ownership structure; owner CEO

20.

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

Downloads 149 (426,024)
Citation 3

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

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 149 (426,427)
Citation 3

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

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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21.

החלופות להפיכת חברה ציבורית לפרטית: סקירה וניתוח משפטיים וממצאים אמפיריים Alternative Venues for Going Private in Israel: Legal Analysis and Empirical Evidence

Number of pages: 40 Posted: 01 Jun 2021 Last Revised: 07 Nov 2022
Beni Lauterbach, Barak Yarkoni and Yevgeny Mugerman
Bar-Ilan University - Graduate School of Business Administration, Ariel University - Department of Economics and Business Administration and Bar Ilan University
Downloads 142 (442,968)

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22.

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

Downloads 138 (453,193)

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

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 581/2018
Number of pages: 58 Posted: 05 Jun 2017 Last Revised: 20 Nov 2018
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 75 (700,887)

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

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

Number of pages: 42 Posted: 26 Mar 2018 Last Revised: 03 Dec 2019
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 63 (772,960)

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

23.

Retail and Institutional Investors’ Historical Purchase Prices: Do they Affect Merger Offer Premiums and Deal Response?

Number of pages: 69 Posted: 16 Jun 2021 Last Revised: 23 Mar 2023
Beni Lauterbach, Yevgeny Mugerman and Joshua Shemesh
Bar-Ilan University - Graduate School of Business Administration, Bar Ilan University and Monash University - Department of Banking and Finance
Downloads 136 (458,575)

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mergers and acquisitions; reference prices; anchoring; retail investors: Prospect Theory.

24.

שוויה של שליטה בחברה ציבורית בעקבות רפורמות מקיפות בממשל התאגידי הישראלי
The Value of Control in Israel Following Extensive Corporate Governance Reforms

Number of pages: 32 Posted: 22 Jan 2021
Beni Lauterbach, Eylon Blum, Sharon Hannes and Revital Yosef
Bar-Ilan University - Graduate School of Business Administration, Tel Aviv University, Tel Aviv University and Bar Ilan University
Downloads 135 (461,349)

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25.

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 126 (487,538)

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Mutual funds, performance evaluation

26.

The Effect of Institutional Investors' Voice on the Terms and Outcome of Freeze-out Tender Offers

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 576/2018
Number of pages: 56 Posted: 18 Sep 2018 Last Revised: 04 Dec 2019
Beni Lauterbach and Yevgeny Mugerman
Bar-Ilan University - Graduate School of Business Administration and Bar Ilan University
Downloads 121 (503,060)
Citation 4

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Going private transactions, Institutional Investors activism, Bargaining with controlling shareholders, Tender offers

27.

שכר מנכ"לים בישראל: שאלות הבסיס והממצאים האמפיריים
CEO Pay in Israel: Fundamental Questions and Empirical Findings

Number of pages: 22 Posted: 25 Jan 2021
Revital Yosef and Beni Lauterbach
Bar Ilan University and Bar-Ilan University - Graduate School of Business Administration
Downloads 94 (603,520)

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28.

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 88 (628,885)
Citation 1

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

29.

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

רבעון לכלכלה, 59 (1/4), 2012
Number of pages: 31 Posted: 28 Oct 2013
Eyal Yaniv, Beni Lauterbach, Menachem (Meni) Abudy and Oren Kapah
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 75 (690,738)

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תיעול, בעלי שליטה, ממשל תאגידי, טובות הנאה פרטיות

30.

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 Jerusalem College of Technology
Downloads 75 (690,738)

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private benefits; block trades; concentrated ownership

31.

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 62 (765,634)
Citation 2

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Controlling shareholders; Financial tunneling

32.

Reservation Prices in Shareholders’ Response to Freeze-Out Tender Offers

Number of pages: 28 Posted: 17 Dec 2019
Assaf Hamdani, Beni Lauterbach and Yevgeny Mugerman
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Bar-Ilan University - Graduate School of Business Administration and Bar Ilan University
Downloads 59 (785,192)
Citation 4

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freeze-out transactions, reference points, loss aversion

33.

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 59 (785,192)

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תשואות בשוק המניות הישראלי

34.

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 54 (820,660)

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מניות משתנים, מסחר, בורסה

35.

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 44 (902,171)

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market microstructure; market efficiency; price noise; price correction

36.

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 37 (968,678)

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מחזורי מסחר, תשואות

37.

Holistic Bidding Strategies: Addressing Target Shareholders’ Behavioral Resistance in M&As

Number of pages: 18 Posted: 21 Jun 2024 Last Revised: 13 May 2025
Beni Lauterbach, Yevgeny Mugerman, Joshua Shemesh and Blake Loriot
Bar-Ilan University - Graduate School of Business Administration, Bar Ilan University, Monash University - Department of Banking and Finance and Monash University
Downloads 35 (988,971)

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mergers and acquisitions, deal completion, reference prices, Prospect Theory

38.

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 (1,332,374)
Citation 3
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Corporate Governance, Dual class shares

39.

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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40.

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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41.

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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