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.