Yevgeny Mugerman

Education

• Post-Doc. – 2014, INSEAD, Finance Department. Supervisor: Prof. Massimo Massa
• Ph.D. – 2011, The Hebrew University of Jerusalem. Concentrated in Finance, Dissertation Supervisor: Prof. Eugene Kandel
• M.B.A. – 2004, The Hebrew University of Jerusalem. Concentrated in Finance, Graduated Cum Laude
• B.A. – 1997, The Hebrew University of Jerusalem. Majored in Accounting and Economics, Graduated Cum Laude

RESEARCH GRANTS

• ISTRC Research Grant, 2021-2022
• The Raymond Ackerman Family Chair in Corporate Governance, 2020-2021
• Raya Strauss Family Business Research Center, 2020-2021
• Blavatnik Interdisciplinary Cyber Research Center (ICRC), 2020-2021
• The Raymond Ackerman Family Chair in Corporate Governance, 2019-2020
• The Rector's Award (Bar-Ilan University) - the Head of the Research Team, 2019-2020
• The Moshe Sanbar Institute for Applied Economic Research, 2019-2020
• The Gershon FinTech Center Research Grant, 2018-2019
• Heth Academic Center for Research of Competition and Regulation, 2018-2019
• The Raymond Ackerman Family Chair in Corporate Governance, 2018
• Israeli Science Foundation (ISF) – the Individual Research Grants Program (Grant No. 1929/17), 2017-2020
• The Raymond Ackerman Family Chair in Corporate Governance, 2015
• Center for Financial Markets and Institutions, The Hebrew University, 2013
• The Maurice Falk Institute for Economic Research, 2012
• The Pension Planning and Social Financial Program established by Clal Insurance Enterprises and Tel-Aviv University, 2012
• IDC-Gazit Globe Real Estate Institute, 2011
• Foundation Amundi-Dauphine, Project Chair in Asset Management, 2011
• Julian Simon Research Grant, 2010
• Blazuska Fellowship, 2010

OTHER ACADEMIC ACTIVITIES

• Organizing Committee Member - "Empirical Analysis of Judicial Decision Making in Personal and Corporate Bankruptcy Proceedings" IDC, January 2020.
• Visiting Scholar - Simon Fraser University (SFU), April 2019.
• Visiting Scholar - The Federmann Center for the Study of Rationality, 2015-.
• Invited speaker at AMEC 2019, "Analytics for Management and Economics", St. Petersburg campus of HSE, Russia, September 2019.
• Invited speaker at the Bank of Israel Research Seminar, November 2019.
• Invited speaker at the Special Symposium - The Haredi BizLabs Incubator, December 2019.
• Invited speaker at the Retreat 2020 - the Federmann Center for the Study of Rationality, February 2020.
• Invited speaker at the 2nd Andrews and Brunner Lecture and Workshop on Behavioral and Experimental Economics - Lancaster University Management School, April 2020.
• Program committee member - 7th SPRING CONFERENCE OF THE MULTINATIONAL FINANCE SOCIETY; 26th Annual Conference of the Multinational Finance Society; 27th Annual Conference of the Multinational Finance Society (Poland)
• A member of the Society for Experimental Finance - since 2020.
• Reviewer for the following journals:
• Finance Research Letters; Journal of Behavioral and Experimental Economics; Journal of Banking and Finance; Emerging Markets Review; Quarterly Journal of Finance; Journal of Asset Management; Emerging Markets Finance and Trade; Journal of International Financial Markets, Institutions & Money; Journal of Public Affairs; The Journal of FinTech; and reviewer of proposals for various funding institutions.

OTHER ACTIVITIES

Founding Shareholder – Scale-Up Velocity Ltd (Public-benefit corporation)

Expanding the circle of students and recipients of professional training by improving their learning quality for the purpose of integrating into the high-tech labor market. Strengthening research and development, as well as strengthening Israeli companies engaged in research and development, with emphasis on research and development based in the high-tech industry. Promoting international cooperation and exposing foreign developers and researchers to the Israeli industry, with the aim of strengthening the technological sector. Encouraging the return of Israeli immigrants’ citizens and residents back to Israel for integration into the high-tech industry. Providing in-depth and strategic analyzes regarding government policy matters.

I have been playing chess professionally since my childhood (Moscow Chess Champion under age 13).

Publications

PEER REVIEWED BOOKS (Author)

• Lecture Notes in Risk Management (forthcoming), World Scientific

PEER REVIEWED CHAPTERS IN BOOKS

• "(Un)intended Consequences of Macroprudential Regulation" (with M. Ofir), Forthcoming (book chapter in: Law and Economics of Regulation [ed. Mathis, Klaus, and Tor, Avishalom], Springer Nature).
• "Are Courts Biased? The Anchoring Heuristic and Judicial Decisions in Personal Bankruptcy Proceedings" (with N. Nadiv, and M. Ofir), 2021 (book chapter in: Behavioral Finance: A Novel Approach [ed. Venezia, Itzhak], World Scientific Publishers, London).
• "Anchoring and Adjustment in the Mortgage Market - Evidence from Regulatory Experiment" (with M. Ofir), 2020 (book chapter in: Measuring the Effectiveness of Real-Estate Regulation [ed. Levine-Schnur, Ronit], Springer Nature).
• "When the Early Bird is too Early" (with A.Elkin), 2019 (book chapter in: Behavioral Finance: The Coming of Age [ed. Venezia, Itzhak], World Scientific Publishers, London).
• "Heuristics and Biases in the Israeli Mortgage Market" (with M. Ofir, and Z. Wiener), 2016 (book chapter in: Behavioral Finance: Sophistication, Gender, Attention, Media, and Culture Effects on Investors Decisions [ed. Venezia, Itzhak], World Scientific Publishers, London).

PEER REVIEWED PUBLISHED ARTICLES

• "Stock Markets and Female Participation in the Labor Force" (with M.Abudy and Z.Wiener), 2021 – (Journal of International Financial Markets, Institutions & Money In Press)
• "Out-of-Pocket vs. Out-of-Profit in Financial Advisory Fees: Evidence from the Lab" (with O.Sade and E.Winter), 2020 (Journal of Economic Psychology Vol. 81)
• "The Impact of Protective Mortgage Regulations on Household Borrowing Decisions" (with M. Ofir), 2020 (Studies on Regulation, NEVO - in Hebrew, Vol. 2), 75-95
• "By the Light of Day: The Effect of Winter Time Switch on the Stock Markets" (with O.Yidov and Z.Wiener), 2020 – (Journal of International Financial Markets, Institutions & Money Vol. 65)
• "The Effect of Institutional Investors' Voice on the Terms and Outcome of Freeze-out Tender Offers" (with B.Lauterbach), 2020 – (Quarterly Journal of Finance, Vol. 10)
• "Reservation Prices in Shareholders’ Response to Freeze-out Tender Offers" (with A.Hamdani and B.Lauterbach), 2020 – (Journal of International Financial Markets, Institutions & Money, Vol. 64, 1-10) "Government Guarantees and the Risk-Taking of Financial Institutions: Evidence from a Regulatory Experiment" (with C.Atanasova, M.Li, and M.Rastan), 2019 – (Journal of Asset Management Vol. 20, No. 6, 476–492)
  
• "On the Failure of Mutual Fund Industry Regulation" (with Y.Hecht, and Z.Wiener), 2019 (Emerging Markets Review Vol. 38, 51-72)
• "Mortgage Loans and Bank Risk Taking: Finding the Risk Sweet Spot" (with J. Tzur and A. Jacobi), 2018 (Quarterly Journal of Finance Vol. 8, No. 4)
• "Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment in Israel" (with E. Kandel, A.Hamdani, and Y.Yafeh), 2017 (Journal of Law, Finance, and Accounting, Vol 2, 49-86)
• "How Homeowners Choose between Fixed and Adjustable Rate Mortgages?" (with M. Ofir, and Z. Wiener), 2016 (Quarterly Journal of Finance Vol 6, No 2)
• "Retirement Financial Literacy" (with O. Sade), 2014 (Economic Quarterly - in Hebrew: RivonL'Calcala); Reprinted in English (2017), Israel Economic Review Vol. 14, No. 1 (2016), 75-95
• "Long Term Savings Decisions: Financial reform, Peer Effects and Ethnicity" (with O. Sade, and M. Shayo), 2014 (Journal of Economic Behavior & Organization Vol. 106, 235-253)

WORKING PAPERS

• "Revealing Hidden Jargon of Financial Communications" (with D.Lesmi, and L.Muchnik)
• "The Winner Takes It All: Investor Sentiment and the Eurovision Song Contest" (with M.Abudy, and E.Shust) - revised and resubmitted
• "Meaning and Gender Differences" (with J.Bezalel and E.Winter) - revised and resubmitted
• "The Exclamation Mark of Cain: Risk Attitude and Mutual Fund Flows" (with N.Steinberg and Z.Wiener) - revised and resubmitted
• "Financial Less Is More: An Experimental Study of Financial Communication" (with A.Hurwitz and E.Lahav) - revise and resubmit
• "Mutual Funds - Are They Really Liquid?" (with S.Ben-Rubi)
• "Empirical Analysis of Judicial Decision Making in Personal Bankruptcy Proceedings" (with N.Nadiv and M.Ofir) - submitted
• "Halo Effect and its Implications on Stock and Credit Markets" (with K. Kosenko and N. Michelson)
• "Behavioral Aspects in Merger Decisions" (with B.Lauterbach, and S.Shemesh)
• "The Choice Between Various Freeze-Out Procedures and Its Consequences" (with B.Lauterbach, E.Lyandres, and B.Yarkoni) - conditionally accepted
• "Doyoureadme?? Temporal trends in the linguistic complexity of financial information " (with D.Lesmi, and L.Muchnik) - submitted
• "Doing the right thing? The Voting Power Effect and Institutional Shareholder Voting" (with E.Dressler) - submitted
• "I Am The Firm! Eponymous Firms and Rose-Coloured Forecasts" (with D.Kliger and R.Rooz) - submitted
• "The Alternatives for Going Private: Legal Analysis and Review and Empirical Findings
• " (with B.Lauterbach, and B.Yarkoni) - submitted
• "Strategic Commitment to Forgo Information: Evidence from the Lab" (with E.Kandel and E.Winter) - revise and resubmit

WHITE PAPERS

• "Behavioral Economics and its Applications to Public Policy" (with E.Winter), 2017 (in Hebrew). Israeli Prime Minister's Office
• "Catch Me if You Can" (with Y. Hecht), 2017. Consumer Financial Fraud (FINRA – Investor Education Foundation)
• "The Wise Salary Slip", 2013 (in Hebrew). State of Israel - Ministry of Finance - The Accountant General