Research

[23] Fich, Eliezer; Parrino, Robert and Tran, Anh "When and how are rule 10b5-1 plans used for insider stock sales?" Journal of Financial Economics 149, p. 1-26. (2023). Cited by the Securities & Exchange Commission (SEC): final amendments to Rule 10b5-1, December 14, 2022.

[22] Fich, Eliezer; Harford, Jarrad and Tran, Anh “Disloyal Managers and Shareholders’ Wealth” Review of Financial Studies 36, p.1837-1888. (2023).

 

[21] Fich, Eliezer and Xu, Guosong Assimilation Effects in Financial Markets. Journal of Financial and Quantitative Analysis, forthcoming.

 

[20] Fich, Eliezer; Petmezas, Dimitris and Nguyen, T.D. “The Effect of Terrorist Attacks on Inventor Productivity and MobilityResearch Policy 52 p. 104655. (2023).

[19] Bekkerman, Ron; Fich, Eliezer and Khimich, Natalya and The Effect of Innovation Similarity on Asset Prices: Evidence from Patents’ Big Data. Review of Asset Pricing Studies 13, p. 99-145. (2023). IQ-KAP Research Prize 2020 (1st Place).  Data

 

[18] Fernandes, Nuno and Fich Eliezer “Are outside directors with greater board tenure valuable? Evidence from the last credit crisis.” Journal of Accounting & Public Policy, 42(1), p.107037 (2023)

 

[17] Blouin, Jennifer; Fich, Eliezer; Rice, Edward and Tran, Anh “Corporate Tax Cuts, Merger Activity, and Shareholder Wealth.” Journal of Accounting and Economics, 71(1), p.101315 (2021). 

 

[16] Fich, Eliezer and Nguyen, Tu “The Value of CEO’s Supply Chain Experience: Evidence from Mergers and Acquisitions.Journal of Corporate Finance, 60, 101525, (2020).

 

[15] Fich, Eliezer, Nguyen, Tu, and Officer, Micah. “Large Wealth Creation in Mergers and Acquisitions.Financial Management, 47, 4, 953-991 (2018).

 

[14] Fich, Eliezer; Rice, Edward and Tran, Anh “Contractual Revisions in Compensation: Evidence from Merger Bonuses to Target CEOs.” Journal of Accounting and Economics, 61, 338-368 (2016).

 

[13] Fich, Eliezer; Harford, Jarrad and Tran, Anh “Motivated Monitors: The Importance of Institutional Investors’ Portfolio Weights.” Journal of Financial Economics, 118, 21-48 (2015).

 

[12] Fich, Eliezer; Starks, Laura and Yore, Adam “CEO Deal‐Making Activities and Compensation.” Journal of Financial Economics, 114, 471-492 (2014).

 

[11] Fich, Eliezer; Tran, Anh and Walkling, Ralph “On the Importance of Golden Parachutes.”  Journal of Financial and Quantitative Analysis, 48, 1717-1753 (2013).

 

[10] Fich, Eliezer; Cai, Jie and Tran, Anh “Stock Option Grants to Target CEOs during Private Merger Negotiations.” Journal of Financial Economics, 101, 413-430 (2011). Featured on the page 1 Wall Street Journal article “Option Grants Draw Scrutiny.” October 12, 2009.

 

[9] Fich, Eliezer and Slezak, Steve, “Can Corporate Governance Save Distressed Firms from Bankruptcy? An Empirical Analysis.” Review of Quantitative Finance and Accounting, 30, 2, 225‐251 (2008).

 

[8] Fich, Eliezer and Shivdasani, Anil “Financial Fraud, Director Reputation, and Shareholder Wealth.” Journal of Financial Economics, 86, 306-336 (2007).

Michael Jensen Best Paper Award (2nd Prize) for a paper in Corporate Finance published in 2007 in the Journal of Financial Economics.

 

[7] Fich, Eliezer and Shivdasani, Anil “Are Busy Boards Effective Monitors?Journal of Finance, 61, 2, 689-724 (2006).

In the top 25 most cited papers published in the Journal of Finance during 2004-2012.

 

[6] Fich, Eliezer and Shivdasani, Anil “The Impact of Stock‐Option Compensation for Outside Directors on Firm Value.Journal of Business, 78, 6, 2229-2254, (2005).


[5] Fich, Eliezer “Are Some Outside Directors Better than Others? Evidence from Director Appointments by Fortune 1000 Firms.” Journal of Business, 78, 5, 1943-1971, (2005).

[4] Fich, Eliezer and White, Lawrence, “Why do CEOs Reciprocally Sit on Each Other’s Boards?Journal of Corporate Finance, 11, 175‐195, (2005). 

 

[3] Benbunan, Raquel and Fich, Eliezer, “Measuring the Value of Refining a Web Presence.” Journal of Electronic Commerce in Organizations, 3(1), 35‐52, Jan‐March (2005).

 

[2] Benbunan, Raquel and Fich, Eliezer, “Effects of Web Traffic Announcements on Firm Value.” International Journal of Electronic Commerce, 8, 4, 161‐181, Summer (2004). 


[1] Fich, Eliezer and White, Lawrence, “CEO Compensation and Turnover: The Effects of Mutually Interlocked Boards.” Wake Forest Law Review, 38, 3, 935‐959, Fall (2003).

Completed Working Papers

 

[1] “The effect of takeover protection in quiet life and bonding firms.” (With Jarrad Harford and Adam Yore).

[2] “Advertising, attention, and acquisition returns.” (With Laura Starks and Anh Tran). Presented at the AFA 2018 meetings.

 

[3] “Do distant auditors result in sky-high bond yields?” (With Nathan Lundstrom, Chris Rossetti, and Adam Yore).

 

[4] “Do institutional investors benefit from trading around M&A announcements?” (With Vicky Lantushenko and Clemens Sialm).

 

[5] “Class action spillover effects on joint venture partners” (With Rachel Gordon and Adam Yore). Paper presented at the 2019 Global Finance Conference.

 

[6] Documenting M&A’s revelation effect using state-level R&D tax incentives (With Jennifer Blouin and Ahn Tran).

 

[7] “Do salient climatic risks affect shareholder voting?” (With Guosong Xu). Paper presented at the AFA 2022 meetings.

 

[8] “Involuntarily green? Corporate donations to politicians and their votes on environmental legislation” (With Guosong Xu).

 

[9] “Does regulatory exposure create M&A synergies?” (With Tom Griffin and Joseph Kalmenovitz).