Benjamin Iverson
Benjamin Iverson

Assistant Professor of Finance

Print Overview

Ben Iverson is an Assistant Professor of Finance at the Kellogg School of Management at Northwestern University. He studies corporate finance, with a particular emphasis on financial distress, restructuring, and bankruptcy. His recent work has focused on how bankruptcy systems affect the allocation of assets in the economy. His research interests also include financial intermediaries, banking, and household financial decision making.

Ben received his Ph.D. in Business Economics in 2013 from Harvard University. Prior to graduate study, he worked as an assistant economist in the research group at the Federal Reserve Bank of New York.

Areas of Expertise
Banking and Financial Institutions
Behavioral Economics
Behavioral Finance
Contract Theory
Corporate Bankruptcy
Corporate Capital Structure
Corporate Finance
Corporate Restructuring
Household Finance

Print Vita
Ph.D., 2013, Business Economics, Harvard University
A.M., 2013, Economics, Harvard University
B.A., 2006, Economics, Double-minor in Mathematics and Business, Brigham Young University

Academic Positions
Assistant Professor of Finance, Finance Department, Kellogg School of Management, Northwestern Univerity, 2013-present

Other Professional Experience
Assistant Economist, Federal Reserve Bank of New York, 2006-2008
Summer Investment Analyst, Loomis, Sayles & Co., LLP, 2004-2005

Honors and Awards
Doctoral Fellowship, Harvard University, 2008-2013
Performance Plus Award, Federal Reserve Bank of New York, 2007
Heritage Scholarship, Brigham Young University, 2000-2006

Print Research
Research Interests
Corporate Finance, Corporate Bankruptcy and Restructuring, Financial Intermediation, Household Finance

Iverson, Benjamin, Victoria Ivashina and David Smith. 2016. The Ownership and Trading of Debt Claims in Chapter 11 Restructuring. Journal of Financial Economics. 119(2): 316-335.
Iverson, Benjamin, Matthew Botsch and Donald Morgan. 2012. Subprime Foreclosures and the 2005 Bankruptcy Reform. Federal Reserve Bank of New York Economic Policy Review. 18(1): 47-57.
Working Papers
Iverson, Benjamin. 2015. Get in Line: Chapter 11 Restructuring in Crowded Bankruptcy Courts.
Iverson, Benjamin, Shawn Cole and Peter Tufano. 2015. Can Gambling Increase Savings? Empirical Evidence on Prize-linked Savings Accounts.
Iverson, Benjamin, Shai Bernstein and Emanuele Colonnelli. 2016. Asset Allocation in Bankruptcy.
Iverson, Benjamin, Shai Bernstein, Emanuele Colonnelli and Xavier Giroud. 2017. Bankruptcy Spillovers.

Print Teaching
Teaching Interests
Corporate Finance, Corporate Bankruptcy
Full-Time / Evening & Weekend MBA
Financial Decisions (FINC-442-0)
This course uses case studies to enhance the student's understanding of managerial financial decision making, specifically investment and financing decisions. Topics include short- and long-term financing, capital structure and dividend decisions, cost of capital, capital budgeting, firm valuation, financial and operational restructuring, and mergers and acquisitions. The course emphasizes the basic principles of corporate finance and is sufficiently general so as to be of interest to all students. The course provides students with the opportunity to apply the concepts and theories developed in other finance courses. At its most fundamental level, the course attempts to improve problem-solving skills: problem definition, gathering and organizing the relevant information, developing feasible alternative courses of action, evaluating alternative choices, and recommending and defending the best course of action.