Prof. Nisan Langberg

Prof. Nisan Langberg is the Vice Dean at the Coller School of Management at Tel Aviv University.

His research is focused on Corporate Finance, Corporate Investment, Information Economics, and Financial Accounting. His work has been published in leading journals, such as the Journal of Monetary Economics, Journal of Accounting Research, Journal of Financial Intermediation, Journal of Accounting and Economics, Management Science, The Accounting Review, and the RAND Journal of Economics.

Nisan serves as the Head of The Harel Institute for Actuarial Innovation.

Nisan studied for his Ph.D. in Finance at the Kellogg School of Management at Northwestern University, and prior to that completed a B.A. in Statistics and Economics and M.A. in Statistics at Haifa University, and M.A. in Economics at the joint program offered by Haifa University and the Technion Institute of Technology.

Education

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

Full CV

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
   
• N. Langberg, N. Rothenberg (2023) “Audit Quality, and Investment Efficiency with Informed Trading,” The Accounting Review, Vol. 98 (4), pp. 247 – 272.

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”