עברית

Prof. Yaniv Grinstein

Tiomkin School of Economics

Tiomkin School of Economics, Dean

grinstein@runi.ac.il

099602419

Research and Teaching Expertise

Corporate Finance
Corporate Governance

Yaniv Grinstein is a Full Professor of Finance at the Arison School of Business, Reichman University, a Visiting Professor at the Johnson Graduate School of Managment, Cornell University, and a research member at the European Corporate Governance Institute (ECGI). He holds a PhD and an MSc from Carnegie Mellon University and an undergraduate degree and an MSc from the Technion. Professor Grinstein's research interests are in corporate finance and corporate governance.

Grinstein's research was published in leading academic journals, including The Journal of Finance, The Journal of Financial Economics, Management Science, Review of Finance, JFQA, and others. He is the recipient of the Sharpe award for the best paper published in the JFQA in 2020, the Best Paper Award from the Boca Corporate Finance and Governance Conference in 2020, the Research Excellence Award from IDC Herzliya in 2016, the Management Science Distinguished Service Award in 2014, the Best Paper Award from The Journal of Financial Intermediation in 2006, and the Best Paper in Corporate Finance Award from the Southwestern Finance Association in 2005. He also received numerous recognitions for teaching excellence.

In the past, Grinstein also held positions as a visiting scholar at the Securities and Exchange Commission, as an associate editor of Management Science and as an editor in Corporate Governance: International Review.

Before arriving in Reichman University, Grinstein was a tenured Associate Professor of Finance at Cornell University. At Reichman University, Professor Grinstein serves as a co-head of the master program in financial economics and the head of the undergraduate programs in Finance.
Grinstein, Y., Larkin, Y., 2025. Corporate Environmental Footprint and Product Market Competition, Journal of Financial Intermediation 64, 101178.

Grinstein, Y., Kuperstein-Heinreich, L. 2024. The Effect of Busy Outside Directors on Firm Performance:
Evidence from the Israeli Market. Theory and Practice in Management 8, 18-29.

Grinstein, Y., Lauterbach, B., Yosef, R., 2022. Benchmarking of Pay Components in CEO Compensation Design, Journal of Corporate Finance, 77, 1-12.

De Angelis, D., Grinstein, Y., 2020, Relative Performance Evaluation in CEO Compensation: a Talent Retention Explanation, Journal of Financial and Quantitative Analysis 55, 2099-2123.

Allen F., Carletti, and Grinstein, Y., 2018, International Evidence on Firm Level Decisions in Response to the Crisis: Shareholders vs. Other Stakeholders, Journal of the Japanese and International Economies 47, 3-16.

Grinstein, Y., Weinbaum, D., Yehuda, N., 2017. The Economic Consequences of Perk Disclosure. Contemporary Accounting Research 34, 1812-1842.

Chhaochharia, V., Grinstein, Y., Grullon, G., Michaely, R., 2017, Product Market Competition and Internal Governance: Evidence from the Sarbanes Oxley Act. Management Science 63, 1405-1424.

Grinstein, Y., Rossi, S., 2016, Good Monitoring, Bad Monitoring. Review of Finance 20, 1719-1768.

De Angelis, D., Grinstein, Y., 2015, Performance Terms in CEO Compensation Contracts, Review of Finance 19, 619-651.

Cremers, M., Grinstein, Y., 2014, Does the Market for CEO Talent Explain CEO Controversial Pay Practices? Review of Finance 18, 921-960.

Bebchuk, L., Grinstein, Y., Peyer, U., 2010, Lucky CEOs and Lucky Directors, Journal of Finance 65, 2363-2401.

Chhaochharia, V., Grinstein, Y., 2009, CEO Compensation and Board Structure, Journal of Finance 64, 231-261.

Chhaochharia, V., Grinstein, Y., 2007, Corporate Governance and Firm Value: The Impact of the 2002 Governance Rules, Journal of Finance 62, 1789-1825.

Chhaochharia, V., Grinstein, Y., 2007, The Changing Structure of US Corporate Boards: 1997-2003, Corporate Governance: An International Review 15, 1215-1223.

Grinstein, Y., 2006, The Disciplinary Role of Debt and Equity Contracts: Theory and Tests, Journal of Financial Intermediation 15, 419-443.

Grinstein, Y., Michaely, R., 2005, Institutional Holdings and Payout Policy, Journal of Finance 60, 1389-1426.

Bebchuk, L., Grinstein, Y., 2005, The Growth of Executive Pay, Oxford Review of Economic Policy, 21, 283-303.

Grinstein, Y., 2004, Complementary Perspectives on Efficient Capital Markets, Corporate Disclosure and Enron, Cornell Law Review, 89, 503-510.

Grinstein, Y., Hribar, P., 2004, CEO Compensation and Incentives: Evidence from M&A Bonuses, Journal of Financial Economics 73, 119-143.