Joseph Kalmenovitz
I am an Assistant Professor of Finance at the Simon Business School (University of Rochester).
I will be visiting UC Berkeley in spring 2024.
Before joining Simon, I was a faculty member at Drexel University and a senior law clerk at the Supreme Court of Israel. I graduated from New York University in May 2020 with a PhD in Finance.
My research is about the economics of regulation: understanding how regulation affects economic decisions. I investigate this topic using advanced empirical methods and novel data sets. My papers have been published in the Journal of Finance, the Review of Financial Studies, and the Journal of Law and Economics. I received the Rising Scholar Award (2022) and the John W. Ryan Award (2023).
[CV] [Google Scholar] [LinkedIn] [Rochester] [Email1] [Email2]
PUBLICATIONS:
Incentivizing Financial Regulators. Review of Financial Studies, 34(10), October 2021, Pages 4745–4784. RFS Rising Scholar Award. Data; Slides.
Regulatory Intensity and Firm-Specific Exposure. Review of Financial Studies, 36(8), August 2023, Pages 3311-3347. Data; Slides; Harvard Law School
Regulatory Fragmentation (with Michelle Lowry & Kate Volkova). Journal of Finance, forthcoming. Data; Slides; FinReg Blog; Best Paper Award (FMARC); Best Paper Award (Korean Securities Association)
Regulatory Similarity (with Jason Chen). Journal of Law and Economics, forthcoming. Data; Slides
WORKING PAPERS:
(I do not disclose R&R status)
Escaping Pay-for-Performance (with Jason Chen & Jakub Hajda).
Much Ado About Nothing? Overreaction to Random Regulatory Audits (with Sam Antill). Slides
Follow the Pipeline (with Suzanne Chang & Alejandro Lopez-Lira). Data; Slides; Best Paper Award (Sydney Banking Conference)
Closing the Revolving Door (with Siddharth Vij & Kairong Xiao). Slides; Gupta Governance Institute; The Visible Hand; ProMarket; Best Paper Award (FMCG)
Regulatory Risk Perception and Small Business Lending (with Siddharth Vij). Data; Slides; John W. Ryan Award; Video
The Environmental Consequences of Pay Inequality (with Jason Chen). Slides
Does Regulatory Exposure Create M&A Synergies? (with Eli Fich & Tom Griffin). Slides
UPCOMING PRESENTATIONS (2024):
(including by co-authors)
Western Finance Association (WFA); American Law & Economics Association (ALEA); American Finance Association (AFA); SFS Cavalcade North America; NYU-Penn Law & Finance Conference; Society for Institutional & Organizational Economics (SIOE); Eastern Finance Association (EFA); Bretton Woods Accounting and Finance Ski Conference; FMA Napa Finance Conference; Financial Engineering and Banking Society; FMA Europe; FMA Applied Finance Conference; Hebrew University; China Europe International Business School (CEIBS); Tilburg University; Maastricht University; Queen's University; Stanford University; Columbia University; Harvard University; Rochester University; Fordham University; Texas A&M University
OTHER MATERIALS:
A non-technical summary of my work: article; slides; YouTube
A quick guide for the perplexed PhD student (teaching notes): slides