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 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), 2017-2019
  • 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

Subject of 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

Financial Management Association (FMA) - 2018 Annual Meeting  USA The Exclamation Mark of Cain: Risk Attitude and Mutual Fund Flows 
(presented by coauthor)
2019 SFU, Vancouver Canada The Exclamation Mark of Cain: Risk Attitude and Mutual Fund Flows

 

OTHER ACADEMIC ACTIVITIES

Visiting Scholar - The Federmann Center for the Study of Rationality.

Visiting Scholar - Simon Fraser University (SFU).

Program committee member - 7th SPRING CONFERENCE OF THE MULTINATIONAL FINANCE SOCIETY; 26th Annual Conference of the Multinational Finance Society.

Reviewer for the following journals: Emerging Markets Review; Quarterly Journal of Finance; Journal of Asset Management; Emerging Markets Finance and Trade; Journal of International Financial Markets, Institutions & Money; and reviewer of proposals for various funding institutions.

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: Behavioral Finance: The Coming of Age [ed. Venezia, Itzhak], World Scientific).

  • "Anchoring and Adjustment in the Mortgage Market - Evidence from Regulatory Experiment" (with M. Ofir), 2019 (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 Vol. 38, 51-72)

          

 

 

 

 

  • "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)
    http://dx.doi.org/10.1016/j.jebo.2014.07.002

 

WORKING PAPERS

  • "By the Light of Day: The Effects of Daylight Saving Time on the Stock Markets" (with O.Yidov, and Z.Wiener) - resubmitted
  • "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) - revise and resubmit
  • "Institutional Investors' Impact on the Terms and Outcome of Freeze-out Tender Offers" (with B.Lauterbach) - submitted
  • "Government Guarantees and the Risk-Taking of Financial Institutions: Evidence from a
    Regulatory Experiment" (with C.Atanasova, M.Li, and M.Rastan) - revise and resubmit
  • "Out-of-Pocket vs. Out-of-Investment in Financial Advisory Fees" (with O.Sade and E.Winter) - submitted
  • "The Exclamation Mark of Cain: Risk Attitude and Mutual Fund Flows" (with N.Steinberg, and Z.Wiener) - submitted
  • "Do You Read Me? Temporal Trends in Language Complexity of Financial Communications" (with D.Lesmi, and L.Muchnik)
  • "Borrowers Response to Protective Mortgage Regulation" (with M.Ofir)
  • "Mutual Funds - Are They Really Liquid?" (with S.Ben-Rubi)
  • "The Impact of Women Workforce Participation on the Stock Market" (with M.Abudy, and Z.Wiener)
  • "Less Is More and More Is More? Paper Versus Digital in Financial Communication: an Experimental Study" (with A.Hurwitz and E.Lahav) 

 

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