Regular biography
Yakov Amihud is the Ira Rennert Professor of Entrepreneurial Finance at the Stern School of Business, New York University. His research focuses on the effects of asset liquidity on returns and values, as well as the design and evaluation of securities markets' trading methods. His work includes corporate financial policies, mergers and acquisitions, initial public offerings, and securities market design. Amihud has conducted consulting work for the NYSE, AMEX, CBOE, CBOT, and other securities markets. He has published over seventy research articles and edited five books on topics such as LBOs, bank M&As, and securities market design.
Scholar-generated biography
Yakov Amihud is a professor at NYU-Stern School of Business, specializing in financial markets and asset pricing. His research explores the relationship between liquidity and stock returns, examining cross-sectional and time-series effects. He investigates how bid-ask spreads, market microstructure, and trading mechanisms influence securities values. Amihud also studies corporate risk-taking, creditor rights, and the impact of liquidity on asset prices. His work includes empirical analyses of market efficiency, volatility, and the role of liquidity in corporate bond returns. Additionally, he examines the effects of market structure on equity valuation and the implications of liquidity risk for financial policy.