Neil Klatskin Chair in Finance and Real-Estate
Director of the OSU Center for Real-Estate
Ben-David, Itzhak, Justin Birru, and Viktor Prokopenya, Uninformative Feedback and Risk Taking, Review of Finance, forthcoming.
Ben-David, Itzhak, Justin Birru, and Andrea Rossi, Industry Familiarity and Trading: Evidence from the Personal Portfolios of Industry Insiders, Journal of Financial Economics, forthcoming.
Baugh, Brian, Itzhak Ben-David, and Hoonsuk Park, Can Taxes Shape an Industry? Evidence from the Implementation of the “Amazon Tax”, Journal of Finance, forthcoming.
- Grant award from NBER Household Finance
Agarwal, Sumit, Itzhak Ben-David, and Vincent Yao, Systematic Mistakes of Borrowers in the Mortgage Market, Journal of Financial Economics, forthcoming.
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, Tomasz Piskorski, and Amit Seru, 2016, Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program, Journal of Political Economy, forthcoming.
Ben-David, Itzhak, Ajay Palvia, and Chester Spatt, Banks’ Internal Capital Markets and Deposit Rates, Journal of Financial and Quantitative Analysis, forthcoming.
- Grant award from GARP Foundation
Agarwal, Sumit, Itzhak Ben-David, and Vincent Yao, 2015, Collateral Valuation and Institutional Pressures: Evidence from the Residential Real-Estate Market, Management Science 61(9), 2220–2240.
Ben-David, Itzhak, Michael Drake, and Darren Roulstone, 2015, Acquirer Valuation and Acquisition Decisions: Identifying Mispricing Using Short Interest, Journal of Financial and Quantitative Analysis 50(1–2), 1–32, Lead Article.
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Douglas Evanoff, 2015, Financial Literacy and Financial Planning: Evidence from India, Journal of Housing Economics 27, 4–21.
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Douglas Evanoff, 2014, Predatory Lending and the Subprime Crisis, Journal of Financial Economics 113, 29–52.
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, 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
- Featured in Luigi Zingales’ AFA Presidential Address “Does Finance Benefit Society” (mins 32-34), January 4, 2015
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, and Serdar Dinc, The Political Concerns of Mortgage Servicers and Their Decision to Foreclose, R&R Journal of Finance
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, and Doug Evanoff, Loan Steering in Mortgag Markets, R&R Journal of Finance
Ben-David, Itzhak, Francesco Franzoni, and Rabih Moussawi, Do ETFs Increase Volatility? R&R Journal of Finance
- Best Paper Award / 20th Annual Multinational Finance Society Conference, Izmir Turkey
Ben-David, Itzhak, Francesco Franzoni, Rabih Moussawi, and John Sedunov, The Granular Nature of Large Institutional Investors, R&R Journal of Finance
Agarwal, Sumit, and Itzhak Ben-David, Loan Prospecting and the Loss of Soft Information, R&R Journal of Financial Economics
Agarwal, Sumit, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Yan Zhang, Second Liens and the Holdup Problem in First Mortgage Renegotiation, R&R Management Science
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? R&R American Economic Journal: Policy
- 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)
Ben-David, Itzhak, Francesco Franzoni, and Rabih Moussawi, Exchange Traded Funds
Ben-David, Itzhak, and Marieke Bos, Impulsive Consumption and Financial Wellbeing: Evidence from an Increase in the Availability of Alcohol
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, Hoonsuk Park, and Jonathan Parker, 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, 2016, Mitigating Investor Losses due to Mortgage Defaults: Lessons from Global Financial Crisis, in eds. Franklin Allen, Ester Faia, Michael Haliassos, and Katja Langenbucher, forthcoming.
Ben-David, Itzhak, and Spencer Couts, 2016, Unlikely Outcome, Case Study, The Ohio State University Center for Real Estate.
Ben-David, Itzhak, and Chang Hwa Oh, 2015, Gangnam Style: A Battle between Two Giants over a Building Site, Case Study, The Ohio State University Center for Real Estate.
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.
Larry Swedroe, Swedroe: ETFs A Double Edged Sword, ETF.com, 28 December, 2016
Wesley Gray, An Interview With A Leading Academic Expert on ETFs, ValueWalk, 14 December, 2016
Wesley Gray, A Really Cool Paper (and Graphic) on ETFs, ValueWalk, 8 December, 2016
Exchange Traded Funds (ETFs), Harvard Law School Forum on Corporate Governance and Financial Regulation, 23 November, 2016
Chris Flood, Debate intensifies over ETFs’ impact on markets, Financial Times, 15 November, 2016
Sam Harris, Housing prices on the rise: Survey data from Undergraduate Student Government shows a spike in rent for 2016-17, the Lantern, November 3, 2016
Managers are Miscalibrated, VoxEU, 20 August, 2016
Rolfe Winkler and Sarah Nassauer, Wal-Mart Deal Could Jeopardize Jet.com’s Sales-Tax Advantage, Wall Street Journal, 10 August, 2016
Amy White, How Asset Management Giants Cause Volatility, Chief Investment Officer, 4 August, 2016
Richie Bernardo, 2016’s Best & Worst Cities for First-Time Home Buyers, WalletHub, 18 July, 2016
Wesley Gray, This is the Folly in Stock Market Forecasting, Equities.com, 16 July 2016
Richie Bernardo, 2016’s Cities Where People Are Most Overleveraged on Their Homes, WalletHub, 26 April, 2016
Rabih Moussawi, Forget What Regulators Say: The Biggest Asset Managers Are Too Big to Fail, TheStreet, 29 March, 2016
Bowdeya Tweh, Lack of inventory holds Cincy's housing market down, Cincinnati Enquirer, 8 February, 2016
이경기 기자, 금융권 성과제, 부실대출 키운다 (Coverage of loan officers’ project), NAEIL (South Korean Newspaper), 22 January, 2016
Sarah Halzack, The true cost to Amazon of the ‘Amazon Tax’, Washington Post, 13 January, 2016
John Harper, With Macy’s gone, will Akron's Chapel Hill Mall survive? Cleveland.com, 7 January, 2016
Cory Doctorow, What's really starving American businesses to death? BoingBoing, November 19, 2015
Karen Brettell, David Gaffen, and David Rohde, As stock buybacks reach historic levels, signs that corporate America is undermining itself, REUTERS, November 16, 2015
- Reprint on Why Stock Buybacks Are Cannibalizing Innovation, Fortune, November 17, 2015
John Harper, Northeast Ohio’s retail gluttony: Old malls rot while new shopping centers sprawl, Cleveland.com, August 24, 2015
Dave Larsen, Amazon, Dayton Daily News, June 5, 2015
Alison Griswold, Amazon is now collecting sales tax in Florida, Slate Magazine (Moneybox), May 1, 2015
Jim Weiker, Ohio’s mortgage relief fell short of goal, The Columbus Dispatch, April 26, 2015
Robert C. Pozen and Theresa Hamacher, Has the death knell of active management been rung too soon? Brookings Institution, February 2, 2015
Mary Ellen McIntire, With an eye on $14 million sale, realtors underscore Fillmore's historic value, The GW Hachet, January 20, 2015
Alexia Elejalde Ruiz and Gregory Karp, Amazon to start collecting Illinois sales tax, Chicago Tribune, January 23, 2015
Wesley R. Gray, Avoid the experts: A lesson in CFO overconfidence, Alpha Architect, December 5, 2014
Prashant Gopal, Homebuyers face tightest credit market in 16 years, The Seattle Times, October 11, 2014
Prashant Gopal, Tightest credit market in 16 years rejects Bernanke’s bid, Bloomberg, October 8, 2014
Jim Weiker, Counseling for borrowers didn’t achieve its goals, The Columbus Dispatch, September 21, 2014
Jay Fitzgerald, Why is Wall Street becoming more bipolar? PBS NewsHour, September 12, 2014
Fisher College of Business, Amazon and the cost of online sales tax, From Ideas to Impact, September 11, 2014
Jim Weiker, Agent tries to alter longtime real-estate fee system, The Columbus Dispatch, September 7, 2014
Jay Fitzgerald, Do ETFs Increase Stock Volatility? NBER Digest, September 1, 2014
Kathleen Sharp, Amazon’s loathsome tax scheme: How behemoths defeat Main Street — and how we can stop them, Salon.com, July 14, 2014
Sarah Krouse, Keeping ETF prices on track, Financial News, May 19, 2014
Fred Clements, Consumers seek out tax-free Retailers, National Bicycle Dealers Association, May 15, 2014
Bryan Keogh, E-Retail Faces Patchwork of State Sales-Tax Laws, The Wall Street Journal, May 13, 2014
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
Brian Baugh, Itzhak Ben-David, Hoonsuk Park, The “Amazon Tax” and Its Impact on Main Street Retail, Retail Property Insights 21(1), May 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