Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

Efraim Benmelech

Associate Professor of Finance
Northwestern University
Visiting Scholar
10/21/13 10/31/13

Efraim Benmelech is an established presence in the world of finance scholarship. His primary interests are applied corporate finance, contracts and bankruptcy. His work also touches on economic history and terrorism; recent papers analyze the costs and conditions associated with harboring terrorists and committing terrorist acts.

Benmelech is currently editor of the Review of Corporate Finance Studies, and is also associate editor of the Journal of Finance. He received the Excellence in Refereeing Awards from the Quarterly Journal of Economics in 2011 and the American Economic Review in 2009. He was given the National Science Foundation CAREER Grant in 2009 in support of his paper “Empirical Analysis of the Causes and Consequences of Financial Distress.”

Benmelech has been an associate professor of finance at Northwestern University’s Kellogg School of Management since 2012. Benmelech also serves as a research associate at the National Bureau of Economic Research (NBER), contributing specifically to its programs on corporate finance and the development of the American economy. He was a faculty research fellow at the NBER between 2006 and 2012.

Before embarking on his academic career, Benmelech spent six years in the Israel Defense Forces, where he served as the chief operating officer of a paratrooper brigade. During his service, in 1994, he was given the Chief of General Staff Award for Outstanding Officers by Israeli Prime Minister Ehud Barak.

He completed his PhD in finance at the University of Chicago. He also earned an MBA in 2001 and a BA in economics and business administration 1999, both from The Hebrew University of Jerusalem. 

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