Professor Kalmenovitz is primarily interested in the economics of regulations. Companies view regulation as a major risk factor that profoundly affects every business decision. But there is surprisingly little research on regulation. Even basic questions, such as how to measure regulation, remain unsolved. Professor Kalmenovitz works with large new datasets and relies on his extensive legal training to try and shed light on this fundamental topic. He is also interested in the intersection of finance and labor and in corporate governance.
Professor Kaniel has research interests in the areas of asset pricing, financial intermediation and investments. His research is focused on understanding mutual funds investment decisions and how they impact security prices, the impact of endogenous community effects on investors’ investment decisions and equilibrium prices, and the predictive role of changes in trading volume and investors’ order flow on security returns.
The Real Side of the High-Volume Return Premium, Management Science, 2022, 68(2), 1426--1449, 2022, Website, 2, 68
Filing speed, information leakage, and price formation, Review of Accounting Studies, 2022
Impact of Managerial Commitment on Risk Taking with Dynamic Fund Flows, Management Science, 2019, Website, 7, 65