Research

WORKING PAPERS:

1. Managing Mental Accounts: Payment Cards and Consumption Expenditures (with Nick Roussanov)

Review of Financial Studies, Forthcoming

Selected Presentations: AFA 2023, MFA 2022, Miami Behavioral Finance Conference 2021.

2. Misconduct and Market Implications of Honest Advisors' Decisions (with Amir Shoham)

Reject and resubmit, Journal of Finance

Selected Presentations:  Temple University, Tel-Aviv University.

3. Bank Diversification and Lending Resiliency (with Itay Goldstein and Andrew MacKinlay)

Award: IFABS Conference Best Paper, 2021

Selected Presentations: AFA 2022, SFS Cavalcade 2022, FIRS 2022, MFA 2022, NFA 2022, Craig Holden Memorial Finance Conference, Fixed Income and Financial Institutions (FIFI) Conference 2021.

Covered by: https://www.thebanker.com/The-bright-side-of-bank-diversification-1692256870 

                    https://rodneywhitecenter.wharton.upenn.edu/newsletter/ 

4. Open to All Comers: How Unsought Deposit Inflows Affect Banks (with Andrew MacKinlay)

Selected Presentations:  Bank of Israel, Community Banking Research Conference (accepted).

Covered by: https://lerner.udel.edu/seeing-opportunity/lerner-profs-discuss-fallout-of-banking-crisis/

5. The Cyclicality of Investment Advisor Misconduct (with Zaheer Khan, Amir Shoham and Shlomo Tarba)

WORK IN PROGRESS:

1. Monetary Policy in the Age of Universal Banking (with Itay Goldstein and Andrew MacKinlay)

Selected Presentations: MFA 2023, UT Dallas Finance Conference 2022, Monetary Policy in the Post-Pandemic Era, HEC Paris Conference on Banking in the Age of Challenges, CEMLA/Dallas Fed Financial Stability Workshop.

2. Social Interactions and Portfolios of Retail Investors (with Yaron Levi and Liron Reiter)

3. Banking Uncertainty and Macro Uncertainty (with Amir Yaron and Gill Segal)

4. The Effect of Ambiguity Aversion (with Steffen Meyer and Charline Uhr)

PUBLICATIONS:

Does Local Competition and Firm Market Power Affect Investment Adviser Misconduct? (with Zaheer Khan, Amir Shoham and Shlomo Tarba), Journal of Corporate Finance, Vol. 66, 2021 

PRACTITIONER PUBLICATIONS:

How to Evaluate Risk Management Units in Financial Institutions? (with Doron Greenberg and Mosi Rosenboim), Journal of Applied Corporate Finance, Vol. 30, 2018