Joseph Kalmenovitz

I am an Assistant Professor of Finance at the Simon Business School (University of Rochester).

Before joining Simon, I was a faculty member at LeBow College of Business (Drexel). I obtained my PhD in Finance from New York University in May 2020. Before that, I was a law clerk at the Supreme Court of Israel.

Economics of regulation: I develop novel data sets to study how regulation affects economic decisions. My research has been published in the Review of Financial Studies, and I received the 2022 Rising Scholar Award.

[CV] [Google Scholar] [LinkedIn] [Drexel]

Contact information:

Research & data:

Incentivizing Financial Regulators

Status: Accepted, Review of Financial Studies (2021). Rising Scholar Award 2022.

Abstract: Promotion incentives at the Securities and Exchange Commission increase enforcement.

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Regulatory Fragmentation

Coauthors: Michelle Lowry and Ekaterina Volkova

Status: Revise & Resubmit, Journal of Finance

Abstract: companies pay high costs for the fragmentation of regulation across many federal agencies.

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Regulatory Intensity and Firm-Specific Exposure

Status: Revise & Resubmit, Review of Financial Studies

Abstract: compliance costs, measured daily since 1980 using new data, lower profitability and crowd out investment.

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• Regulatory Similarity

Coauthors: Jason Chen

Status: Revise & Resubmit, Journal of Law & Economics

Abstract: economic spillovers across companies who share a similar regulatory environment.

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Does Regulatory Exposure Create M&A Synergies?

Coauthors: Eli Fich and Tom Griffin

Status: Working paper.

Abstract: regulation creates synergy opportunities, which increase & improve M&A transactions.

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• Regulatory Risk Perception and Small Business Lending

Coauthors: Siddharth Vij

Status: Working paper.

Abstract: misperception of default risk among SBA employees significantly reduces SBA lending.

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The Environmental Consequences of Pay Inequality

Coauthors: Jason Chen

Status: Working paper.

Abstract: pay gaps within the EPA affect regulated companies, who limit production to reduce enforcement risk.

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(Including scheduled and by coauthors)

Conferences: American Finance Association (AFA); Future of Financial Information; M&A Research Center Conference (MARC); Conference on Empirical Legal Studies (CELS); Eastern Finance Association (EFA); Midwest Finance Association (MFA); Financial Intermediation Research Society (FIRS); Philly Five; Financial Management Association (FMA); Yale Law & Macroeconomics Conference; Southern Economic Association (SEA); Financial Markets and Corporate Governance (FMCG); Boca Corporate Finance & Governance Conference; World Finance & Banking Symposium; Frontiers in International Finance and Banking; CSR, the Economy, and Financial Markets; New Zealand Finance Meeting; India Finance Conference

Seminars: Federal Reserve Board of Governors; Office of the Comptroller of the Currency; Northwestern University; New York University; Mannheim University; University of Toronto; Korea University; Virginia Tech; Florida International University; Bristol University; Bath University; Melbourne University; Wayne State University

Pre-graduation: London Business School, New York University, Rochester University, Arizona State University, Drexel University, U.S Securities and Exchange Commission, American Finance Association (AFA), American Law & Economics Association (ALEA), Financial Management Association (FMA), NYU-Penn Law & Finance Conference, FMA Applied Finance Conference, Drexel Corporate Governance Conference (early ideas), Miami Behavioral Finance Conference (doctoral), Colorado Finance Summit (doctoral)

Note to Google: my academic name is Joseph Kalmenovitz. My first name can be spelled Yosef or Yoseph, and my last name Kalmenoviz, Kalmenovitch, Kalmanovitz, Kalmanoviz, or Kalmanovitch. In Hebrew, my native language, it is spelled יוסף קלמנוביץ