Roni Michaely

Roni Michaely

Rudd Family Professor of Management
Professor of Finance

Cornell Tech
Cornell University
Ithaca, NY 14853

Professor Michaely's research interests are in the area of corporate finance, capital markets and valuation. His current research focuses on conflict of interest in the capital markets, corporation payout policy, and the corporate finance decision of privately held firms as well as issues related to the IPO process.

Michaely has published numerous works (several of which received best-paper awards) in refereed journals such as the Review of Financial Studies, the Journal of Finance, the Journal of Financial Economics, the Journal of Business, and the Journal of Financial and Quantitative Analysis. His research has been also frequently featured in The Wall Street Journal, The New York Times, The Economist, Investor's Business Daily, The San Francisco Chronicle, BusinessWeek, Forbes, Barrons, Money, Reuters, Worth, and others.

Michaely's research has received several awards and honors, including the 2005 Journal of Financial Economics award for the best corporate finance paper, the 2000 Journal of Finance Smith Breeden Prize for distinguish paper, the 2000 Western Finance Association Award for the best paper on capital formation, the Review of Financial Studies1999 Barclays Global Investors/Michael Brennan Runner-up Award, the 1999 Western Finance Association Award for the best paper, 1996 Quantitative Alliance Group Prize for best paper, and the 1996 Western Finance Association Award for best paper on investments.

Michaely currently serves as an associate editor for the Journal of Finance. He is on the board of several startups including Tipranks, Urbanr, and Meerchantz. He is on the advisory board of Nielsen Innovate and was a director of the Israel Securities Authority (ISA) from 1998 to 2003.


Curriculum Vitae (CV)

Click here to view the curriculum vitae (PDF document).

Accepted Papers

  • Michaely, Roni; Rubin, Amir; Vedrashko, Alexander.  "Are Friday Announcements Special? Overcoming Selection Bias"  Journal of Financial Economics  (Accepted)

  • Alstadsaeter, Annette; Jacob, Martin; Michaely, Roni.  "Do Dividend Taxes Affect Corporate Investment?"  Journal of Public Economics  (Accepted)

  • Kecskes, Amrus; Michaely, Roni; Womack, Kent.  "Do Earnings Estimates Add Value to Sell-Side Analysts' Investment Recommendations"  Management Science  (Accepted)

  • Larkin, Yelena; Leary, Mark; Michaely, Roni.  "Do Investors Value Dividend Smoothing Stocks Differently?"  Management Science  (Accepted)

  • Merkley, Kenneth J.; Michaely, Roni; Pacelli, Joseph.  "Does the Scope of Sell-Side Analyst Industry Matter? An Examination of Bias, Accuracy and Information Content of Analyst Reports"  The Journal of Finance  (Accepted)

  • Michaely, Roni; Rubin, Amir; Vedrashko, Alexander.  "Further Evidence on the Strategic Timing of Earnings News: Joint Analysis of Weekdays and Times of Day"  Journal of Accounting and Economics  (Accepted)

  • Chhaochharia, Vidhi; Grullon, Gusvavo; Grinstein, Yaniv; Michaely, Roni.  "Product Market Competition and Agency Conflicts: Evidence from the Sarbanes-Oxley Act"  Management Science  (Accepted)

Published Papers

Working Papers

Book Chapters