Ben Lourie

Ben Lourie

Associate Professor

SB2 322  


PhD in Accounting, UC Los Angeles
BA in Economics, Tel Aviv University

Research Interest

Financial Analysts

Market Efficiency

Financial Accounting

Earnings Management

Ben Lourie is an Associate Professor of Accounting at the Paul Merage School of Business. His research interests include financial analysts, market efficiency and financial accounting. His dissertation examines if the “revolving-door” phenomenon whereby analysts are hired by firms that they cover poses a threat to their independence. The dissertation was mention in publications such as Financial Times, Bloomberg and Business Insider. 

Lourie received his bachelor degree in Economics from Tel Aviv University in Israel and his PhD from UCLA Anderson School of Business. During the 5 years between his undergraduate and graduate studies, Lourie worked as Manager in Deloitte Management Consulting and as an instructor in Tel Aviv University.


Selected Publications, News & Honors

1) “The Revolving-Door of Sell-Side Analysts

* The Accounting Review, 2019

Media: Business Insider, Bloomberg (Matt Levine), Financial Times, International Business Times, Chicago Booth Review


2) “Decision Fatigue and Heuristic Analyst Forecasts” (with David Hirshleifer, Yaron Levi and Siew Hong Teoh )

* Journal of Financial Economics, 2019

Media: Bloomberg (Matt Levine)


3) “Key Performance Indicators as Supplements to Earnings: Incremental informativeness, Demand Factors, Measurement Issues, and Properties of Their Forecasts” (with Dan Givoly, Yifan Li and Alex Nekrasov)

* Review of Accounting Studies, 2019


4) “Are Online Job Postings Informative to Investors?” (with Elizabeth Gutiérrez, Alex Nekrasov and Terry Shevlin)

* Management Science, 2020

Media: Wall Street Journal, ValueWalk, Investor Relations Magazine


5) “The First Impression Bias: Evidence from Analyst Forecasts?” (with David Hirshleifer, Thomas G. Ruchti and Phong Truong)

* Review of Finance, Forthcoming

Media: Bloomberg (Matt Levine), Harvard law School Forum on Corporate Governance


6) “Cater to Thy Client: Analyst Responsiveness to Institutional Investor Attention” (with Peng-Chia Chiu, Alex Nekrasov and Siew Hong Teoh)

* Management Science, Forthcoming


7) “Broker Trading Volume: A Conflict of Interest?

(with Tiana Lehmer and Devin Shanthikumar)

* Review of Accounting Studies, Accepted


8) “Employee Turnover and Firm Performance : Large Sample Archival Evidence

(with Qin Li, Alex Nekrasov and Terry Shevlin)

* Management Science, Accepted

SEC: The paper is cited in the SEC’s 2020 rule on human capital disclosure