Prof. Nittai Bergman

School of Economics
Faculty of Social Sciences
ביה"ס לכלכלה ע"ש א.ברגלס סגל אקדמי בכיר
Prof. Nittai Bergman
Office: School of Economics, 232


Bergman’s research interests are in the fields of corporate governance, financial contracting, and macro-finance. His work focuses on the ways in which financial frictions driven by agency costs impede the ability of firms to raise capital, the methods firms use to alleviate these frictions, and the real effects implied by the residual frictions. Recent projects include "The Agglomeration of Bankruptcy" and "The Effect of Liquidity Injections: Evidence from the 1980s Farm Debt Crisis".



“Financing Labor,” joint with Efraim Benmelech and Amit Seru, Review of Finance, 2021


"Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?" joint with Efraim Benmelech and Hyunseob Kim, Journal of Human Resources, 2020   


"The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis," joint with Rajkamal Iyer and Richard Thakor, Review of Financial Studies, 2020


"The Agglomeration of Bankruptcy," joint with Efraim Benmelech, Anna Milanez, and Vladimir Mukharlyamov, Review of Financial Studies, Vol. 32,  2019


"Credit Market Freezes,” joint with Efraim Benmelech, NBER Macroeconomics Annual, Vol. 32, 2017


"Negotiating with Labor under Financial Distress," joint with Benmelech, Efraim and Ricardo J. Enriquez. Review of Corporate Finance Studies Vol. 1, No. 1, 2012


"Credit Traps," joint with Benmelech, Efraim, American Economic Review Vol. 102, No. 6, 2012


"Bankruptcy and the Collateral Channel," joint with Benmelech, Efraim, The Journal of Finance Vol. 66, No. 2, 2011


"Vintage Capital and Creditor Protection," joint with Benmelech, Efraim,  Journal of Financial Economics Vol. 99, No. 2, 2011

"Collateral Pricing," joint with Efraim Benmelech. Journal of Financial Economics Vol. 91, No. 3, 2009

"Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines," joint with Benmelech, Efraim, Quarterly Journal of Economics Vol. 123, No. 4, 2008


"Investor Sentiment and Corporate Disclosure," joint with Sugata Roychowdhury. Journal of Accounting Research Vol. 46, No. 5, 2008


"Employee Sentiment and Stock Option Compensation," joint with Dirk Jenter. Journal of Financial Economics Vol. 84, No. 3, 2007


"Investor Protection and the Coasian View," joint with Daniel Nicolaievsky. Journal of Financial Economics Vol. 84, No. 3, 2007

Working Papers

Debt, Information, and Liquidity," joint with Efraim Benmelech"


"Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth," joint with David Matsa and Michael Weber


"Do Proprietary Traders Provide Liquidity?" joint with Ohad Kadan, Roni Michaely, and Pamela C. Moulton

Work in Progress

"The Distributional Impact of Sectoral Technical Change," joint with Nir Jaimovich and Itay Saporta-Eksten

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