Roni Michaely

Rudd Family Professor of Management

Overview

Professor Michaely is the Rudd Family professor of finance at Johnson@Cornell Tech—Cornell University. He teaches corporate finance and entrepreneurial finance at the Cornell-Tech program in NYC. He is also affiliated with the Interdisciplinary Center (IDC). Professor Michaely’s research interests are in the areas of corporate finance, capital markets, and valuation. His current research focuses conflict of interest in the capital markets, corporate payout policy, and securities’ valuation. He was recently recognized as one of the most cited people in finance, and just finished serving a 4-years term as an associate editor for the Journal of Finance.

His research has appeared in such scholarly journals as the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, and Financial Management. His research has been also frequently featured in the Wall Street Journal, New York Times, the Economist, Investor’s Business Daily, San Francisco Chronicle, BusinessWeek, Forbes, Barrons, Money, Reuters, Worth, and others. Prof. Michaely has given over 200 invited research talks and conference presentations around the world, and is working with scholars from the US, Europe, and Asia on research in corporate finance.

Professor Michaely’s research has also received many awards and honors. Awards include the 2005 Journal of Financial Economics Fama Prize for best 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 Studies 1999 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.

Professor Michaely was a director of the Israeli Securities Authority (ISA) from 1998 to 2003, was the chairman of Tachlit investment committee, and is involved in consulting on issues like restructuring and trading strategies. He currently on the board of several startups including Tipranks, and Urbanr and on the advisory board of TPY, a VC firm.

Research Focus