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Eliezer Fich, PhD

Trustee Professor of Finance, Professor



Eliezer Fich is the Trustee Professor of Finance at Drexel University’s LeBow College of Business. He earned a PhD in Business Administration with honors from the NYU Stern School of Business and undergraduate and graduate degrees from the Fu Foundation School of Engineering at Columbia University. He has published numerous peer-reviewed articles in the most prestigious Finance and Accounting academic journals. Professor Fich’s research has been quoted by leading business periodicals such as The Wall Street Journal, The Financial Times, and The Economist. His research focuses on the firm value implications of Corporate Governance, Mergers and Acquisitions, and Securities Laws.

Recent Media Mentions

Selected Works


Fich, Eliezer M., Parrino, Robert, and Tran, Anh, When and how are rule 10b5-1 plans used for insider stock sales?. Journal of Financial Economics 149 (Jul 2023):1-26.

Fich, Eliezer M., Harford, Jarrad, and Tran, Anh, Disloyal Managers and Shareholders’ Wealth. Review of Financial Studies 36 (May 2023):1837-1888.

Bekkerman, Ron, Fich, Eliezer M., and Khimich, Natalya, The Effect of Innovation Similarity on Asset Prices: Evidence from Patents’ Big Data. Review of Asset Pricing Studies 13 (Mar 2023):99-145.

Fernandes, Nuno, and Fich, Eliezer M., Are outside directors with greater board tenure valuable? Evidence from the last credit crisis. Journal of Accounting and Public Policy 42 (Feb 2023):107037.

Fich, Eliezer M., Petmezas, Dimitris, and Nguyen, Tung Duy, The Effect of Terrorist Attacks on Inventor Productivity and Mobility. Research Policy 52 (Jan 2023):104655.

Fich, Eliezer M., and Xu, Guosong, Assimilation Effects in Financial Markets. Journal of Financial and Quantitative Analysis Forthcoming (May 2022).

Blouin, Jennifer, Fich, Eliezer M., Rice, Edward, and Tran, Anh, Corporate tax cuts, merger activity, and shareholder wealth. Journal of Accounting and Economics 71 (Jan 2021):101315.

Fich, Eliezer M., and Nguyen, Tu, The value of CEOs supply chain experience: Evidence from mergers and acquisitions. Journal of Corporate Finance 60 (Jun 2020).

Fich, Eliezer M., Officer, Micah, and Nguyen, Tu, Large wealth creation in mergers and acquisitions. Financial Management 47 (Nov 2018):953-991.

Fich, Eliezer M., Rice, Edward, and Tran, Anh, Contractual revisions in compensation: Evidence from merger bonuses to target CEOs. Journal of Accounting and Economics 61 (Apr 2016):338-368.

Fich, Eliezer M., Harford, Jarrad, and Tran, Anh, Motivated monitors: The importance of institutional investors’ portfolio weights. Journal of Financial Economics 118 (Oct 2015):21-48.

Fich, Eliezer M., Starks, Laura, and Yore, Adam, CEO deal-making activities and compensation. Journal of Financial Economics 114 (Dec 2014):471–492.

Fich, Eliezer M., Tran, Anh, and Walkling, Ralph A., On The Importance of Golden Parachutes. Journal of Financial and Quantitative Analysis 48 (Dec 2013):1717-1753.

Fich, Eliezer M., Cai, Jie, and Tran, Anh, Stock Option Grants to Target CEOs during Private Merger Negotiations. Journal of Financial Economics 101 (Aug 2011):413-430.

Fich, Eliezer M., Can corporate governance save distressed firms from bankruptcy?. Review of Quantitative Finance and Accounting 30 (Jan 2008):225-251.

Fich, Eliezer M., and Shivdasani, Anil, Financial Fraud, Director Reputation, and Shareholder Wealth. Journal of Financial Economics 86 (Nov 2007):306-336..

Fich, Eliezer M., and Shivdasani, Anil, Are Busy Boards Effective Monitors?. Journal of Finance 61 (Apr 2006):689-724.

Fich, Eliezer M., and Shivdasani, Anil, The Impact of Stock-Option Compensation for Outside Directors on Firm Value. Journal of Business 78 (Nov 2005):2229-2254.

Fich, Eliezer M., Are Some Outside Directors Better than Others?. Journal of Business 78 (Sep 2005):1943-1971.

Benbunan, Raquel, and Fich, Eliezer M., Measuring the Value of Refining a Web Presence.. Journal of Electronic Commerce 3 (Mar 2005):35-52.

Fich, Eliezer M., and White, Lawrence, Why Do CEOs Reciprocally Seat on Each Other’s Boards?. Journal of Corporate Finance 11 (Mar 2005):175-195.

Benbunan, Raquel, and Fich, Eliezer M., Effects of Web Traffic Announcements on Firm Value.. International Journal of Electronic Commerce 8 (Summer 2004):161-181.

Fich, Eliezer M., and White, Lawrence, CEO Compensation and Turnover: The Effects of Mutually Interlocked Boards, (2003). Wake Forest Law Review 38 (Fall 2003):935-959.


PhD Business Administration (with Honors)-New York University 2000


2021 IQ-KAP Research Prize 2020 (First Prize) (Private institute for quantitative capital market research at DekaBank (Frankfurt Germany))
2018 Best Paper Award (Southern Finance Association)
2012 “Joseph Neubauer Research Scholar in Finance” (Drexel University - LeBow College of Business)
2008-2011 Research Fellow (LeBow College of Business)
2008 Michael Jensen Best Paper Award (2nd Prize) for a Corporate Finance paper published in 2007 (Journal of Financial Economics)
2000 Harold W. MacDowell PhD. graduation award (New York University)


Journal of Corporate Finance – Associate Editor (2020–Present)