Prof. Nisan Langberg

Coller School of Management
הפקולטה לניהול ע"ש קולר סגל אקדמי בכיר
Prof. Nisan Langberg
Phone: 03-6406300
Office: Recanati - Business Administration, 452


Ph.D. Northwestern University, Kellogg School of Management July 2004. Title of dissertation “Entrepreneurial Financing” supervised by Michael Fishman (Chair), Artur Raviv, Bill Rogerson, Annette Vissing-Jorgensen.


MA Economics Haifa University and Technion 1999


MA Statistics Haifa University 1998


BA Economics and Statistics Haifa University 1997


Research Fields

Corporate Finance, Investments, Financial Management, Information Economy


  • N. Langberg “Optimal Financing for Growth Firms.” Journal of Financial Intermediation (2008) Vol. 17, pp. 379-406.

  • N. Langberg, K. Sivaramakrishnan, “Voluntary Disclosure and Information Production by Analysts,” Journal of Accounting and Economics (2008) Vol. 46(1), pp. 78-100.

  • P. Kumar, N. Langberg,  “Corporate Fraud and Investment Distortions in Efficient Capital Markets” RAND Journal of Economics (2009) Vol. 40, pp. 144-172. 

  • D. Cohen, N. Langberg, “Venture Capital Financing and the Informativeness of Earning,”,  Asia-Pacific Journal of Accounting and Economics (2009) Vol. 16(2), pp. 505-

  • N. Langberg, K. Sivaramakrishnan, “Voluntary Disclosures and Analyst Feedback, Journal of Accounting Research  (2010) Vol. 48(3), pp. 603-646.

  • P. Kumar, N. Langberg, K. Sivaramakrishnan, “Voluntary Disclosure, Corporate Control, and Investment,” 2012,  Journal of Accounting Research (2012) Vol. 50 (4), pp. 1041-1076.  

  • P. Kumar, N. Langberg “Information Manipulation and Rational Investment Booms and Busts,” Journal of Monetary Economics (2013) Vol. 60 (4) pp. 408-425.

  • Kumar, Praveen, Nisan Langberg, “Optimal Incentive Contracts and Information Cascades,” The Review of Corporate Finance Studies (2014) Vol. (3) pp. 123-161
  • P. Kumar, N. Langberg, K. Sivaramakrishnan “Voluntary Disclosure with Informed trading in the IPO market”, Journal of Accounting Research (2016) Vol. 54 (5) pp. 1365 - 1394
  • P. Kumar, N. Langberg, K. Sivaramakrishnana "Voluntary Disclosure and Strategic Repurchases" Journal of Accounting and Economics (2017) Vol. (63), pp. 207- 230.
  • E. Einhorn, N. Langberg, T. Versano “Cross Firm Real Earnings Management,” Journal of Accounting Research (2018) Vol. 53 (3), pp. 883 – 911.
  • P. Kumar, N. Langberg, D. Zvilichovsky “Crowdfunding, Financing Constraints and Real Effects”” Management Science (2020), Vol. 66 (8), pp. 3561 – 3580


Working Papers and Work in Progress        

  • N. Langberg, N. Rothenberg (2019) “Audit Quality, and Investment Efficiency with Informed Trading,” working paper

  • P. Kumar, N. Langberg, Shiva Sivaramakrishnan (2020) “Short-Selling Constraints and Strategic Disclosure” working paper
  • P. Kumar, N. Langberg, S. Sivaramakrishnan “Bidding for Targets in Private Equity”

  • P. Kumar, N. Langberg, M. Zarrin “Investment Behavior of Private Equity Funds” 

  • D. Lee Lo, N. Langberg “Informed Trading and Feedback from Financial Markets”

  • D. Carmichael, P. Kumar, N. Langberg “The Winners’ Curse in Online-Banking: an Empirical Examination”

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