Associate Professor of Finance
Neil Klatskin Chair in Finance and Real-Estate
Academic Director of the Real-Estate Center
Agarwal, Sumit, Itzhak Ben-David, and Vincent Yao, Collateral Valuation and Institutional Pressures: Evidence from the Residential Real-Estate Market, Management Science, forthcoming.
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Douglas Evanoff, Predatory Lending and the Subprime Crisis, Journal of Financial Economics, forthcoming.
Ben-David, Itzhak, John Graham, Cam Harvey, 2013, Managerial Miscalibration, Quarterly Journal of Economics 128 (4), 1547–1584.
- Featured in Richard Thaler’s column, , New York Times, 22 August 2010
- Featured in Daniel Kahneman’s book, , 2011
- Discussed in Daniel Kahneman’s interview (mins 25–28), The Motley Fool, 28 June 2013
Ben-David, Itzhak, Michael Drake, and Darren Roulstone, Acquirer Valuation and Acquisition Decisions: Identifying Mispricing Using Short Interest, Journal of Financial and Quantitative Analysis, forthcoming.
Ben-David, Itzhak, Francesco Franzoni, Augustin Landier, and Rabih Moussawi, 2013, Do Hedge Funds Manipulate Stock Prices? Journal of Finance 68(6), 2383–2434.
Ben-David, Itzhak, and David Hirshleifer, 2012, Are Investors Really Reluctant to Realize their Losses? Trading Responses to Past Returns and the Disposition Effect, Review of Financial Studies 25(8), 2485–2532.
Ben-David, Itzhak, Francesco Franzoni, and Rabih Moussawi, 2012, Hedge Funds Stock Trading during the Financial Crisis of 2007-2009, Review of Financial Studies 25(1), 1–54, Lead Article.
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Douglas Evanoff, 2011, The Role of Securitization in Mortgage Renegotiation, Journal of Financial Economics 102(3), 559–578.
Ben-David, Itzhak, 2011, Financial Constraints and Inflated Home Prices during the Real-Estate Boom, American Economic Journal: Applied Economics 3(3), 55–78.
- Featured in Stephen Dubner and Steven Levitt, , Freakonomics column, New York Times Magazine, 10 June 2007
- Award Winner at , Real Estate, 2008
- First Prize Winner at , 2008
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Douglas Evanoff, 2010, Learning to Cope: Voluntary Financial Education Programs and the Housing Crisis, American Economic Review – Papers and Proceedings 100(2), 495–500.
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Douglas Evanoff, The Effectiveness of Mandatory Mortgage Counseling: Can One Dissuade Borrowers from Choosing Risky Mortgages?
- Grant award from FDIC
- Paolo Baffi Fellowship from Bocconi University
- Award from Networks Financial Institute: Significant and innovative research on financial services (honorable mention award)
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Douglas Evanoff, Market-Based Loss Mitigation Practices for Troubled Mortgages Following the Financial Crisis
Agarwal, Sumit, and Itzhak Ben-David, Do Loan Officers’ Incentives Lead to Lax Lending Standards?
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, Tomasz Piskorski, and Amit Seru, Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Yan Zhang, Second Liens and the Holdup Problem in First Mortgage Renegotiation, Coming soon
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, and Serdar Dinc, The Political Concerns of Mortgage Servicers and Their Decision to Foreclose, Coming soon
Ben-David, Itzhak, Ajay Palvia, and Chester Spatt, Banks’ Internal Capital Markets and Deposit Rates, Coming soon
- Grant award from GARP Foundation
Ben-David, Itzhak, Francesco Franzoni, and Rabih Moussawi, Do ETFs Increase Volatility?
- Best Paper Award / 20th Annual Multinational Finance Society Conference, Izmir Turkey
Ben-David, Itzhak, Denys Glushkov, and Rabih Moussawi, Do Hedge Funds Really Avoid High Idiosyncratic Stocks?
Ben-David, Itzhak, and Darren Roulstone, Idiosyncratic Risk and Corporate Transactions
Baugh, Brian, Itzhak Ben-David, and Hoonsuk Park, The ‘Amazon Tax’: Empirical Evidence from Amazon and Main Street Retailers
Baugh, Brian, Itzhak Ben-David, and Hoonsuk Park, Disentangling Financial Constraints, Precautionary Savings, and Myopia: Household Behavior Surrounding Federal Tax Returns
BOOK CHAPTERS and OTHER PUBLICATIONS
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Douglas Evanoff, 2011, Financial Counseling, Financial Literacy, and Household Decision Making, in Mitchell, O., and A. Lusardi (eds.), Financial Literacy: Implications for Retirement Security and the Financial Marketplace, Oxford, UK: Oxford University Press.
Ben-David, Itzhak, 2010, Dividend Policy Decisions, in H. Kent Baker and John R. Nofsinger (eds.), Behavioral Finance (Robert W. Kolb Series in Finance), John Wiley & Sons, Inc., New Jersey.
Ben-David, Itzhak, and Jim Schallheim, 2007, The Response to Customer Default: Captive Versus Non-captive Lessors, Journal of Equipment Lease Financing 25(1), 1-6.
- Awarded Equipment Leasing and Finance Foundation research grant, 2006
Ben-David, Itzhak, 2005, Company Performance and Leased Assets in Sale-and-Leaseback Transactions, Journal of Equipment Lease Financing 23 (2), 1-8.
- Awarded Equipment Leasing and Finance Foundation research grant, 2005
Ben-David, Itzhak, and Tzvi Raz, 2001, An Integrated Approach for Risk Response Development in Project Planning, Journal of Operational Research Society 52, 14-25.
Joseph Lawler, Big Ideas: On Internet taxes, equal opportunity and citizenship, Washington Examiner, May 9, 2014
The “Amazon Tax”: Empirical evidence from Amazon and main street retailers, VoxEU, May 5, 2014
How much do Amazon sales fall when it collects sales tax? The Bulletin / Smart Planet, May 2, 2014
Howard Gleckman, Amazon is losing business in states where it collects online sales tax, CS Monitor, April 30, 2014
Mike Dolan, A volatile love affair with exchange funds and indexes, Reuters, April 30, 2014
Izabella Kaminska, When ETFs make things more volatile, Financial Times, April 28, 2014
Chad Brooks, E-Commerce Stores Have Competitive Edge When They Don’t Collect Sales Tax, Fox Business, April 25, 2014
Charles Sizemore, Walmart’s Revenge: Amazon.com Has A Big Problem, Forbes, April 25, 2014
Deepa Seetharaman, Amazon’s eroding tax advantage, bid to sustain growth in focus in first quarter, Reuters, April 23, 2014
Daniel Kline, The Amazon Tax Problem: What Collecting Sales Tax Costs the Online Retail Giant, The Motley Fool, April 23, 2014
Clair Cain Miller, Amazon.com is learning the hard way that people care more about price than brand loyalty, The New York Times, April 23, 2014
Danielle Kurtzleben, Online sales taxes have cut Amazon business by nearly 10 percent, Vox, April 23, 2014
Michael Hickins, Taxes depress Amazon sales, Wall Street Journal, April 23, 2014
Blair Hanley Frank, Study: Sales tax cuts into Amazon’s sales, as consumers look to other online retailers, GeekWire, April 22, 2014
Amazon Sales Take Hit in States With Online Tax, Bloomberg TV (minutes 4:16-5:50), April 22, 2014
Yuki Noguchi, Online Sales Taxes Shift Consumer Behavior, Study Shows, NPR, April 22, 2014
Zack Stein, Sales Tax Takes a Bite Out of Amazon’s Bottom Line, KFBK news radio, April 22, 2014
Cooper Smith, States Are Rolling Out an online Sales Tax That Could Impact Amazon’s Growth, Business Insider, April 22, 2014
Amazon takes sales hit in states with online tax, study finds, The Seattle Times, April 22, 2014
Victor Luckerson, This Is Amazon’s Real Achilles Heel, Time, April 22, 2014
Matthew C. Klein, Will Sales Taxes Doom Amazon? BloombergView, April 21, 2014
A Jeffries, Millennials: Who are they and what do they want? NewarkAdvocate.com, April 6, 2014
Do Incentives Create Lax Loan Standards? Squared Away Blog, March 25, 2014
Geoff Williams, Ohio is the place to buy, not rent, a home, Reuters, March 13, 2014
Rick Armon, Homeownership rate slides in Akron area, Ohio.com, February 28, 2014
One ‘villain’ of the housing crisis played only a small role, OSU Today, 10 January 2014
Don Moore, When less confidence leads to better results, The New-Yorker, 26 November 2013
Diretores financeiros arrojados na gestão arriscam mais nas previsões, Economico Valor, 8 November 2013
Zach Fox, New study estimates effect of predatory-lending law, SNL, 29 October 2013
Luigi Zingales, Housing Bubble and Fraud, Library of Economics and Liberty, 29 October 2013
Real Estate Outlook, Bright future for real estate depends on unemployment rate going down, National Center for the Middle Market, 20 July 2013
Daniel Kahnemann, An Interview with Dr. (mins 25-28), The Motley Fool, 28 June 2013
Michael Shermer, Opting Out of Overoptimism, Scientific American, March 2012
Charles Evans, the President and Executive Director of the Federal Reserve Bank of Chicago, Informing the future of Housing Finance: Lessons from the Recent Past, Speech delivered before the Indianapolis Neighborhood Housing Partnership Community Breakfast on August 24, 2010