We are pleased to welcome Efraim (Effi) Benmelech
as the new Director of the Kellogg Real Estate Program and the Guthrie Center for Real Estate Research. Effi will take over on July 1, 2014, for Therese McGuire, who will be moving to a new role as Senior Associate Dean of Curriculum and Teaching at Kellogg.
is an Associate Professor of Finance at the Kellogg School of Management where he received a Faculty Impact Award for teaching the Financial Decisions class and a Research Associate at the National Bureau of Economic Research (NBER). He formerly taught at the Harvard University's economics department. Professor Benmelech research interests are in the field of corporate finance and real estate where he studies financial contracting, securitization, bankruptcy and reorganization. He has published numerous journal articles and was awarded the 2004 Lehman Brothers Fellowship for Research Excellence in Finance, an NSF CAREER Award, and the 2011 Brattle Prize for the outstanding research paper on corporate finance published in the Journal of Finance for his paper "Bankruptcy and the Collateral Channel." He also writes extensively on the economics of terrorism and economic history. Professor Benmelech’ s research on financial distress, the financial crisis and on terrorism have received wide media coverage in outlets such as the Boston Globe, Wall Street Journal, the New York Times, the Financial Times, The Economist, Fortune, Bloomberg and USA TODAY. He is an Editor of the Review of Corporate Finance Studies and an Associate Editor of the Journal of Finance. He holds BA and MBA degrees from the Hebrew University and a PhD in finance from the University of Chicago Booth School of Business.