Yafeh's research fields are Corporate governance, Financial intermediation and banking, The Japanese economy and the economies of East Asia and Economic and financial history. His research papers were published in a leading journals like the Quarterly Journal of Economics, Journal of Finance and Journal of Economic Literature. Some of his papers are cited hundreds of times. His book, Emerging Markets and Financial Globalization, was published by the Oxford University Press in 2006.
Published works
Yafeh, Y., Kandel, E., Kosenko, K. & Morck, R., "The Great Pyramids of America: A Revised History of US Business Groups, Corporate Ownership and Regulation, 1930-1950”, ECGI Finance Working Paper, 449
Yafeh, Y., Hamdani, A., Kandel, E. & Mugerman, Y., "Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment in Israel”, NBER Working Paper, 22634
Yafeh, Y., Fried, J. & Kamar, E., "Empowering Minority Shareholders and Executive Compensation: Evidence from a Natural Experiment”
Yafeh, Y., Claessens, S. & Ueda, K., "Institutions and Financial Frictions: Estimating with Structural Restrictions on Firm Value and Investment”, Journal of Development Economics 110, 107-122
Yafeh, Y. & Hamdani, A., "Institutional Investors as Minority Shareholders", Review of Finance, 17, 691-725
Yafeh, Y. & Claessens, S., "Comovement of Newly Added Stocks with National Market Indices: Evidence from around the World ", Review of Finance, 17,203-227.
Yafeh, Y. & Giannetti, M., "Do Cultural Differences Between Contracting Parties Matter? Evidence from Syndicated Bank Loans"?, Management Science, 58, 365-383.
Yafeh, Y. & Lauterbach, B., "Long Term Changes in Voting Power and Control Structure following the Unification of Dual Class Shares", Journal of Corporate Finance,17, 215-228.
Yafeh, Y., Claessens, S. & Ueda, K., "Financial Frictions, Investment and Institutions", International Monetary Fund, 8170.
Yafeh, Y. & Khanna, T., "Business Groups in Emerging Markets: Paragons or Parasites?", Journal of Economic Literature 45, 331-373
Yafeh, Y. & Khanna, T., "Business Groups and Risk Sharing around the World", Journal of Business, 78, 301-340.
Yafeh, Y., Mayer, C. & Schoors, K., "Sources of Funds and Investment Strategies of Venture Capital Funds: Evidence from Germany, Israel, Japan and the UK", Journal of Corporate Finance 11, 586-608..
Yafeh, Y. & Sussman, N., "Institutional Reforms, Financial Development and Sovereign Debt: Britain 1690-1790"', Journal of Economic History, 66, 906-935.
Yafeh, Y. & Mauro, P., "The Corporation of Foreign Bondholders", IMF Working Paper, 03/107
Yafeh, Y. & Ber, H., "Can Venture Capital Funds Pick Winners? Evidence from Pre-IPO Survival Rates and Post-IPO Performance", Israel Economic Review, 5, 23-46
Yafeh. & Miyajima, H., "Japan's Banking Crisis: An Event-Study Perspective", Journal of Banking and Finance 31, 2866-2885
Yafeh, Y., "Japan's Corporate Groups: Some International and Historical Perspectives", in M. Blomström, J. Corbett, F. Hayashi and A. Kashyap, Structural Impediments to Growth in Japan, University of Chicago Press, 259-284
Yafeh, Y., "Corporate Governance in Japan: Past Performance and Future Prospects", Oxford Review of Economic Policy, 16, 74-84.
Yafeh, Y. & Sussman, N., "Institutions, Reforms, and Country Risk: Lessons from Japanese Government Debt in the Meiji Period", Journal of Economic History, 6, 442-467.
Yafeh, Y. & Yosha, O., "Large Shareholders and Banks: Who Monitors and How?",Economic Journal, 113, 128-146
Yafeh, Y., Ber, H. & Yosha, O., "Conflict of Interests in Universal Banking: Bank Lending, Stock Underwriting and Fund Management", Journal of Monetary Economics, 47, 189-218.
Yafeh, Y. & Yosha, O., "Organization of Financial Systems and Strategic Use of Relationship Banking", European Finance Review, 5, 63-78.
Yafeh, Y. & Blass, A., "Vagabond Shoes Longing to Stray: Why Foreign Firms List in the United States",Journal of Banking and Finance, 25, 555-572.
Yafeh, Y., Mauro, P. & Sussman, N., "Emerging Markets Spreads: Then Versus Now" , Quarterly Journal of Economics, 117, 695-733.
Yafeh, Y. & Weinstein, D., "On the Costs of a Bank-Centered Financial System: Evidence from the Changing Main Bank Relations in Japan",Journal of Finance, 53, 635-672
Books
Yafeh, Y., Mauro, P. & Sussman, N., "Emerging Markets and Financial Globalization: Sovereign Bond Spreads in 1870-1913 and Today", Oxford University Press
