Dr. Yevgeny Mugerman

Dr.
Dr. Yevgeny Mugerman
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CV

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

RESEARCH GRANTS

  • 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), 2017-2019
  • 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

 

PRESENTATIONS AT ACADEMIC PROFESSIONAL MEETINGS

  • Date

    Name of Conference

    Place

    Subjectof Lecture/Discussion

    2010

    Israel Economic Association Annual Meeting

    Israel

    Long Term Savings Decisions: Financial Reform, Peer Effects and Ethnicity Do Peers Influence Our Choice of Savings Fund

    2011

    Israel Securities Authority

    Israel

    Behavioral Heuristics and Biases

    2013

    8th annual European Winter Finance Conference

    Switzerland

    Long Term Savings Decisions: Financial Reform, Peer Effects and Ethnicity

    2013

    American Real Estate and Urban Economics Association's (AREUEA) International Conference

    Israel

    How Homeowners Choose between Fixed and Adjustable Rate Mortgages? (presented by coauthor)

    2013

    Dauphine-Amundi Chair in Asset Management

    France

    Long Term Savings Decisions: Financial Reform, Peer Effects and Ethnicity

    2013

    Sovereign Wealth Funds and Other Long-Term Investors

    Singapore

    Structuring Israel's Sovereign Wealth Fund

    2014

    ISF International Research Workshop on Behavioral Legal Studies

    Israel

    How Homeowners Choose between Fixed and Adjustable Rate Mortgages? (presented by coauthor)

    2015

    1st Israel Behavioral Finance Conference

    Israel

    How Homeowners Choose between Fixed and Adjustable Rate Mortgages?

    2015

    The International Risk Management Conference

    Israel

    On the Failure of Mutual Fund Industry Regulation (presented by coauthor)

    2016

    NBER Conference - New Developments in Long-Term Asset Management

    USA

    Incentive Fees and Competition in Pension Funds

    2016

    FIRS Annual Meeting

    Portugal

    Incentive Fees and Competition in Pension Funds

    2016

    SEC – Research Seminar

    USA

    Incentive Fees and Competition in Pension Funds

    2017

    2nd Israel Behavioral Finance Conference

    Israel

    Behavioral Aspects in Freezout Transactions

    2017

    Measuring the Effectiveness of Real Estate Regulation

    Israel

    Heuristics and Biases in the Israeli Mortgage Market (presented by coauthor)

    2017

    Cross Country Perspectives in Finance (CCPF)

    China

    On the Failure of Mutual Fund Industry Regulation

    2017

    Bank of Israel – Research Seminar

    Israel

    Behavioral Aspects in Freezout Transactions

    2017

     

    IAREP 2017 Conference

    Israel

    Behavioral Aspects in Freezout Transactions

    2017

    iCore

    Israel

    The Exclamation Mark of Cain: Risk Attitude and Mutual Fund Flows

    2017

    Technion

    Israel

    Heuristics and Biases in the Israeli Mortgage Market (presented by coauthor)

    2017 

     

    The Economic Science Association (ESA) - the 2017 North American Experimental Finance Meeting

    USA

    Out-of-pocket vs out-of-profit

    2017 

     

    ECGI - European Corporate Governance Conference

    Israel

    Institutional Investors Engagement in Freezeout Transactions  (presented by coauthor)

    2017 

     

    Cross Country Perspectives in Finance (CCPF) - Special Issue 2018 Thailand On the Failure of Mutual Fund Industry Regulation

    2017

    Bank of Israel – Research Seminar Israel The Exclamation Mark of Cain: Risk Attitude and Mutual Fund Flows

    2018 

    SEC – Research Seminar USA The Exclamation Mark of Cain: Risk Attitude and Mutual Fund Flows

    2018

    Cross Country Perspectives in Finance (CCPF) - Special Issue 2019 China

    By the Light of Day: The Effects of Daylight Saving Time on the Stock Markets

    2018

    2018 Meeting - European Financial Management Association (EFMA)

    Italy The Exclamation Mark of Cain: Risk Attitude and Mutual Fund Flows 
    (presented by coauthor)

    2018 –

    Scheduled

    Financial Management Association (FMA) - 2018 Annual Meeting  USA The Exclamation Mark of Cain: Risk Attitude and Mutual Fund Flows 
    (presented by coauthor)

Publications

PEER REVIEWED BOOKS (Author)

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

 

PEER REVIEWED CHAPTERS IN BOOKS

  • "When the Early Bird is too Early" (with A.Elkin), 2019 (book chapter in: Recent Trends in Behavioral Finance [ed. Venezia, Itzhak], World Scientific).

  • "Anchoring and Adjustment in the Mortgage Market - Evidence from Regulatory Experiment" (with M. Ofir), 2018 (book chapter in:  Measuring the Effectiveness of Real-Estate Regulation [ed. Levine-Schnur, Ronit], Springer).

  • "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).

 

PEER REVIEWED PUBLISHED ARTICLES

  • "On the Failure of Mutual Fund Industry Regulation" (with Y.Hecht, and Z.Wiener), 2019 (Emerging Markets Review forthcoming)
  • "Mortgage Loans and Bank Risk Taking: Finding the Risk Sweet Spot" (with J. Tzur and A. Jacobi), 2018  (Quarterly Journal of Finance forthcoming )

 

 

WORKING PAPERS

  • "Revealing Hidden Jargon of Financial Communications" (with D.Lesmi, and L.Muchnik)
  • "Shareholder Response to Going Private Tender Offers: Reference Points and Regret Aversion" (with A.Hamdani, and B.Lauterbach) - submitted
  • "Institutional Investors' Impact on the Terms and Outcome of Freeze-out Tender Offers" (with B.Lauterbach)
  • "Out-of-Pocket vs. Out-of-Profit in Financial Advisory Fees: Evidence from the Lab" (with O.Sade and E.Winter) - submitted
  • "The Exclamation Mark of Cain: Risk Attitude and Mutual Fund Flows" (with N.Steinberg, and Z.Wiener)
  • "Borrowers Response to Protective Mortgage Regulation" (with M.Ofir)
  • "Less Is More and More Is More? Paper Versus Digital in Financial Communication: An Experimental Study" (with A.Hurwitz and E.Lahav) - submitted
  • "Mutual Funds - Are They Really Liquid?" (with S.Ben-Rubi)
  • "By the Light of Day: The Effects of Daylight Saving Time on the Stock Markets" (with O.Yidov, and Z.Wiener)

 

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

Courses

  • 70795-01 Behavioral Finance
  • 70900-15/01 Financial Risk Management
  • 70953-03 Principles of Finance
  • 70794-01 Advanced Topics in Finance