Eliezer Fich

Eliezer Fich

Selected Works


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., 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.


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


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)

Media Mentions

Timing Stock Trades for Personal Gain By CEOs

via ValueWalk

ValueWalk reports on research by associate professor of finance Eliezer Fich that looks at how CEOs may stand to gain from large stock sales.

The Age of Vernon Jordan Is Over -- Serving on a Board Is a Full-Time Job Now

via The Street

A paper by Drexel LeBow associate professor of finance Eliezer Fich is mentioned in an article about the time commitment required of corporate board members.

Timing Stock Trades for Personal Gain: Private Information and Sales of Shares by CEOs

via Harvard Law School Forum on Corporate Governance and Financial Regulation

Eliezer Fich, associate professor of finance at Drexel LeBow, and his coauthors examine the effects of SEC Rule 10b5-1 on the gains that CEOs earn when they sell large blocks of stock.

College News

In about one in every four deals, the CEO of an acquired firm is awarded a merger bonus according to a recent study. Also target shareholders received inferior premiums when their firms were sold while their CEOs received a merger bonus.