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Academic appointment

Assistant Professor of Finance and Economics, Columbia Business School, 2010 – Present.

Instructor of Finance, Columbia Business School, July 2009 - December 2009

Other Positions

Research Fellow, The Olin Center for Law, Economics and Business, at Harvard University, 2004-2005.

Clerk and Legal Assistant to Justice Dalia Dorner, the Supreme Court of Israel 2003- 2004.


PhD, Economics, Massachusetts Institute of Technology, 2009.

M.A. Economics, Hebrew University, Jerusalem, Israel (Summa cum Laude), 2005.

LL.B, (Law), Hebrew University, Jerusalem, Israel, (Summa cum Laude), 2004.

B.A, (Economics), Hebrew University, Jerusalem, Israel, (Summa cum Laude), 2004.

Research and teaching interests

Corporate Finance, Financial Regulation, Capital Markets and Investments, Industrial Organization, Law and Economics, Econometrics.


“Solutions Manual to Accompany Contract Theory” (with Arthur Campbell, Florian Ederer and Johannes Spinnewijn), MIT Press, September 2007.

“The Compatibility of Israeli Criminal Law to the Crimes in the Rome Statute of the Criminal Court and to The German Code of Crimes against International Law (CCAIL)” (with Mordechai Kremnitzer),
in National Prosecution of International Crimes (edited by The Max Planck Institute for Foreign and International Criminal Law). Berlin, 2005.

Working papers

“Corporate Governance Law: Firm Heterogeneity and the
Market for Corporate Domicile”

“Debt Covenants and Capital Structure: Evidence from an Exogenous Shock to Debt Capacity”(with Sharon Katz, and Gil Sadka)

“Secret Lending and Stigma: Theory and Evidence from The Federal Reserve’s Lending Facilities”

"Estimation of A Dynamic Oligopoly Entry Game in the US Airline Industry: Hubs, and LCC"

“Federal Appeals: Selection, Outcome and Predictability”

Work in progress

“The Benefits of Sox: Evidence from Cross Listed Foreign Firms” (with Daniel Gottlieb and Bruno Funchal)

“The Determinants of Retirement, Retirement Savings, and Retirement Plan Borrowing”

“Momentum and Reversals” (with Arthur Campbell)

“Social Networks: Personal Value and Contagion”

“Small Probabilities and Yields” (with Daniel Gottlieb)

Working papers: Law (Hebrew)

“An Inquiry into the Criminal Regulation of Crimes of Threats and Blackmail: A Proposal for Legal Reform” (with Mordechai Kremnitzer).

“The Nature of the Causality Requirement in Torts and its Implications for the Calculation of Damages”

Teaching (fellowships and assistantships)

Capital Markets and Investments, Columbia Business School (MBA, Spring 2010, Spring 2011, Spring 2013)

Microeconomic Theory and Public Policy MIT, 2006-2008;
Game Theory, 2007, MIT;
Micro Theory, 2006, MIT;
Price Theory, 2002-2003, Hebrew University;
Economics of Technology, 2002, Hebrew University.

Constitutional Law
, 2003-2004, Hebrew University;
Jurisprudence, 2001-2003, Hebrew University.

Professional Activities

Western Finance Association, Annual Program Committee (2010, 2011, 2012)

European Finance Association, Annual Meeting Program Committee (2013)

Editorial Board, “Mishpatim” Law Review (Hebrew University), 2000- 2002.

Conference and seminar presentations

2009: Columbia Business School; Duke University’s Fuqua School of Business; Harvard Business School; Harvard Law School; London School of Economics; MIT; MIT Sloan; Rutgers Business School; The Wharton School of the University of Pennsylvania.

2011: Five Star Conference, NYU Stern

2012: MFA, WFA


2012: NBER Law and Economics, EFA, MFA


American Economic Review, Journal of Finance, Journal of Financial Economics, Review of Financial Studies Journal of Economic and Management Strategy, Finance Research Letters

Fellowships, honors and awards

Fellow, Institute on Computational Economics, Chicago-Argonne Institute, Summer 2007.

Presidential Fellowship, Massachusetts Institute of Technology (2004-2006).

Rector’s Award (2003) for merit in advanced legal studies, Hebrew University.

Rector’s Award (2002) for highest G.P.A. in law and economics, Hebrew University.