Prof. Nittai Bergman

Quick navigation:
Prof. Nittai Bergman
Office: Recanati - Business Administration

Biography

Bergman’s research interests are in the fields of corporate governance, financial contracting, and behavioral corporate finance. His work focuses on the ways in which financial frictions driven by agency costs impede the ability of firms to raise capital, the methods firms use to alleviate these frictions, and the real effects implied by the residual frictions. Recent studies deal with the determinants of corporate financial contract renegotiation and the real effects of investor protection on investment and technology adoption decisions.

Bergman holds a BSc in mathematics from Hebrew University and a PhD in economics from Harvard University.

Current Research Focus:  Bergman’s research interests are in the fields of corporate governance, financial contracting, and macro-finance. His work focuses on the ways in which financial frictions driven by agency costs impede the ability of firms to raise capital, the methods firms use to alleviate these frictions, and the real effects implied by the residual frictions. Recent projects include "“Did the Community Reinvestment Act (CRA) Lead to Risky Lending?", "The Agglomeration of Bankruptcy" and "The Effect of Liquidity Injections: Evidence from the 1980s Farm Debt Crisis".

Publications


Credit Market Freezes,” joint with Efraim Benmelech, NBER Macroeconomics Annual, Forthcoming
 

The Agglomeration of Bankruptcy," joint with Efraim Benmelech, Anna Milanez, and Vladimir Mukharlyamov, Review of Financial Studies, Forthcoming
 

"Negotiating with Labor under Financial Distress." Benmelech, Efraim, Nittai Bergman and Ricardo J. Enriquez. Review of Corporate Finance Studies Vol. 1, No. 1 (2012): 28-67.

"Credit Traps." Benmelech, Efraim and Nittai Bergman. American Economic Review Vol. 102, No. 6 (2012): 3004-3032.

"Bankruptcy and the Collateral Channel." Benmelech, Efraim and Nittai Bergman. The Journal of Finance Vol. 66, No. 2 (2011): 337-378.

"Vintage Capital and Creditor Protection." Benmelech, Efraim and Nittai Bergman. Journal of Financial Economics Vol. 99, No. 2 (2011): 308-322.

"Collateral Pricing." Bergman, Nittai and Efraim Benmelech. Journal of Financial Economics Vol. 91, No. 3 (2009): 339-360.

"Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines." Benmelech, Efraim and Nittai Bergman. Quarterly Journal of Economics Vol. 123, No. 4 (2008): 1635-1677.

"Investor Sentiment and Corporate Disclosure." Bergman, Nittai, and Sugata Roychowdhury. Journal of Accounting Research Vol. 46, No. 5 (2008): 1057-1083.

"Employee Sentiment and Stock Option Compensation." Bergman, Nittai and Dirk Jenter. Journal of Financial Economics Vol. 84, No. 3 (2007): 667-712.

"Investor Protection and the Coasian View." Bergman, Nittai and Daniel Nicolaievsky. Journal of Financial Economics Vol. 84, No. 3 (2007): 738-771.

Tel Aviv University, P.O. Box 39040, Tel Aviv 6997801, Israel
UI/UX Basch_Interactive