معرفی
Yakov Amihud is the Ira Rennert Professor of Entrepreneurial Finance at the Leonard N. Stern School of Business, New York University, where he has been a faculty member since 1990. His research is central to the understanding of securities market microstructure and corporate finance, particularly focusing on the role of liquidity in asset pricing and financial market design.
His research interests include:
- Securities Markets Microstructure
- Corporate Finance
- Market Liquidity and Asset Pricing
- Initial Public Offerings (IPOs)
- Mergers & Acquisitions
- International Finance
- Leveraged Buyouts
- Financial Exchanges and Clearing Houses
Amihud's scholarly work emphasizes the effects of asset liquidity on returns and values, and the evaluation of trading methods in securities markets. His publications, including over ninety research articles and five edited books, have shaped academic and practical understanding of liquidity, especially during financial crises. The 2012 book Market Liquidity: Asset Pricing, Risk and Crises, co-authored with Lasse Pedersen and Haim Mendelson, compiles seminal research on liquidity’s role in financial markets, demonstrating how liquidity risk affects asset prices and contributes to downward spirals during crises.
He has consulted for major financial institutions such as the New York Stock Exchange (NYSE), American Stock Exchange (AMEX), Chicago Board Options Exchange (CBOE), and Chicago Board of Trade (CBOT). His influence extends through editorial roles and advisory positions, though no specific awards or students are mentioned in the provided texts.
Amihud earned his academic degrees from New York University and the Hebrew University:
- Ph.D. in Economics and Quantitative Analysis, New York University, 1975
- M.S. in Business Administration, New York University, 1973
- B.A. in Economics/Political Science, Hebrew University, 1969
