Michael Ehrlich
Michael Ehrlich
Associate Professor of Finance, MT School of Management
2014 Central Avenue Building (CAB)
About Me
Michael grew up in Middletown, RI with two siblings; Barbara and Steven. He lives in New York, NY, is married to Sandra and has three children; David, Daniel and Alison.
Education
Ph.D.; Princeton University; Economics - Finance Thesis; 1987
B.A.; Yale University; Economics; 1981
B.A.; Yale University; Economics; 1981
Awards & Honors
2020 NJIT Excellence in Service Award, NJIT
2017 Creating a Better Future through Competitive Industries, State Science & Technology Institute (SSTI)
2012 NJIT Teacing Excellence Award - Lower Division, NJIT
2010 IBAM "Best Paper" in Division, Institute of Behavioral and Applied Management
2008 Henry J. Leir Prize - 1st Place, Bill Rapp, School of Management, NJIT
2017 Creating a Better Future through Competitive Industries, State Science & Technology Institute (SSTI)
2012 NJIT Teacing Excellence Award - Lower Division, NJIT
2010 IBAM "Best Paper" in Division, Institute of Behavioral and Applied Management
2008 Henry J. Leir Prize - 1st Place, Bill Rapp, School of Management, NJIT
2024 Fall Courses
BDS 725 - INDEPENDENT RESEARCH I
IS 488 - INDEPENDENT STUDY IN INFO
IS 726 - INDEPENDENT STUDY II
IS 790A - DOCT DISSERTATION & RES
IS 792 - PRE-DOCTORAL RESEARCH
IS 489 - INFO UNDERGRAD THESIS RESEARCH
IS 700B - MASTER'S PROJECT
IS 701B - MASTER'S THESIS
IS 776 - IS RESEARCH STUDY
FIN 600 - CORPORATE FINANCE I
IS 725 - INDEPENDENT STUDY I
BDS 790A - DOCTORAL DISSERTATION & RES
BDS 792B - PRE-DOCTORAL RESEARCH
IS 488 - INDEPENDENT STUDY IN INFO
IS 726 - INDEPENDENT STUDY II
IS 790A - DOCT DISSERTATION & RES
IS 792 - PRE-DOCTORAL RESEARCH
IS 489 - INFO UNDERGRAD THESIS RESEARCH
IS 700B - MASTER'S PROJECT
IS 701B - MASTER'S THESIS
IS 776 - IS RESEARCH STUDY
FIN 600 - CORPORATE FINANCE I
IS 725 - INDEPENDENT STUDY I
BDS 790A - DOCTORAL DISSERTATION & RES
BDS 792B - PRE-DOCTORAL RESEARCH
Teaching Interests
I enjoy teaching graduate and undergraduate students at both beginning and advanced levels. Financial Markets and Institutions, Corporate Finance and Entrepreneurial Finance are areas of interest.
Past Courses
ENTR 210: INTRO TO ENTREPRENEURSHIP
ENTR 210: INTRODUCTION TO ENTREPRENEURSHIP
ENTR 320: FINANCING NEW VENTURE
ENTR 420: FINANCING NEW VENTURE
FIN 218: FINANCIAL MARKETS & INSTITUTION
FIN 218: FINANCL MARKETS & INST-HONOR
FIN 218: FINANCL MARKETS & INSTITUTIONS
FIN 218: FINANCL MARKETS & INSTITUTIONS
FIN 218: FINANCL MARKETS & INSTNS HONOR
FIN 315: FUND OF CORPORATE FINANCE
FIN 315: FUND OF CORPORATE FINANCE-HON
FIN 315: FUNDAMENTALS OF CORPORATE FINANCE
FIN 315: PRINCIPLES OF FINANCE
FIN 416: ADVANCED CORPORATE FINANCE
FIN 600: CORPORATE FINANCE I
FIN 600: FINANCIAL & ECON ENVIRON
FIN 624: CORPORATE FINANCE
FIN 624: CORPORATE FINANCE II
FIN 624: FINANCIAL MANAGEMENT
FIN 641: DERIVATIVES MARKETS
FIN 655: FIN INNOV AND MARKET FAILURES
ENTR 210: INTRODUCTION TO ENTREPRENEURSHIP
ENTR 320: FINANCING NEW VENTURE
ENTR 420: FINANCING NEW VENTURE
FIN 218: FINANCIAL MARKETS & INSTITUTION
FIN 218: FINANCL MARKETS & INST-HONOR
FIN 218: FINANCL MARKETS & INSTITUTIONS
FIN 218: FINANCL MARKETS & INSTITUTIONS
FIN 218: FINANCL MARKETS & INSTNS HONOR
FIN 315: FUND OF CORPORATE FINANCE
FIN 315: FUND OF CORPORATE FINANCE-HON
FIN 315: FUNDAMENTALS OF CORPORATE FINANCE
FIN 315: PRINCIPLES OF FINANCE
FIN 416: ADVANCED CORPORATE FINANCE
FIN 600: CORPORATE FINANCE I
FIN 600: FINANCIAL & ECON ENVIRON
FIN 624: CORPORATE FINANCE
FIN 624: CORPORATE FINANCE II
FIN 624: FINANCIAL MANAGEMENT
FIN 641: DERIVATIVES MARKETS
FIN 655: FIN INNOV AND MARKET FAILURES
Research Interests
My main research focus is on financial markets and institutions. I am especially interested in financial market failures. Some recent publications have examined Structured Investment Vehicles, a market that was created and grew to over $400 billion over 20 years before suddenly collapsing. I have also examined how financial managers can manage risk in their institutions. Recently I received support from the Leir and Ridgefield foundations to examine the causes of financial bubbles with a hope to create predictive models. I have published work examining how entrepreneurs entice business angels to provide financing for new ventures. Our results we demonstrate how angels are different from venture capital firms.
In Progress
Are Angel Investors Egotists? Evaluating Implicit Bias in Investing
We study a sample of angel investor ratings for potential investments and evaluate if there is similarity bias in the ratings. We find some evidence that angel investors tend to invest in people who are like themselves
We study a sample of angel investor ratings for potential investments and evaluate if there is similarity bias in the ratings. We find some evidence that angel investors tend to invest in people who are like themselves
Conference Paper
Lean Startup for Inventors Jumpstart
Mehoudar Center for Inventors, March 2023
Are Angel Investors Egotists : Implicit Bias in Early Stage Investing
Israel Strategy Conference , December 2022
Mehoudar Center for Inventors, March 2023
Are Angel Investors Egotists : Implicit Bias in Early Stage Investing
Israel Strategy Conference , December 2022
Journal Article
Hunter, Krystal , & Ehrlich, Michael A., & Mitchell-Williams, Jocelyn (2022). A Re-Examination of the Relationship between Race and Preterm Birth. American Journal of Obstetrics and Gynecology, 226(1), S185.
Bouda, Abdulai Sadiq, & Ehrlich, Michael A. (2022). Decreased Racial and Ethnic Disparities in Emergency Department Wait Time in the United States. Medical Care, 60(1), 13-21.
Hunter, Krystal, & Ehrlich, Michael A. (2022). The Intersection of Social Determinants and Health Behaviors: Effect on Preterm Birth. Americal Journal of Obstetrics and Gynecology, 226(1), S576.
Abdulai, Sadiq Bouda, & Ehrlich, Michael A., & Mukhtar, Fahad (2021). United States' Performance on Emergency Department Throughput, 2006 to 2016. Annals of Emergency Medicine / MOSBY, 29.
Ehrlich, Michael A., & Rapp, William V (2021). Understanding How Regulatory Relaxation Led to Manipulations, Corporate Collapses, and Financial Scandals That Can Recur In A Pandemic Environment: Bear Stearns, SIVs, and 2008-2009 Financial Crisis. Journal of Strategic and International Studies, XIV(No. 1), 10.
Bouda, Abdulai Sadiq, & Ehrlich, Michael A. (2022). Decreased Racial and Ethnic Disparities in Emergency Department Wait Time in the United States. Medical Care, 60(1), 13-21.
Hunter, Krystal, & Ehrlich, Michael A. (2022). The Intersection of Social Determinants and Health Behaviors: Effect on Preterm Birth. Americal Journal of Obstetrics and Gynecology, 226(1), S576.
Abdulai, Sadiq Bouda, & Ehrlich, Michael A., & Mukhtar, Fahad (2021). United States' Performance on Emergency Department Throughput, 2006 to 2016. Annals of Emergency Medicine / MOSBY, 29.
Ehrlich, Michael A., & Rapp, William V (2021). Understanding How Regulatory Relaxation Led to Manipulations, Corporate Collapses, and Financial Scandals That Can Recur In A Pandemic Environment: Bear Stearns, SIVs, and 2008-2009 Financial Crisis. Journal of Strategic and International Studies, XIV(No. 1), 10.
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Conference Proceeding
Fostering Economic Cluster Development: A Study of Learning Innovation and Entrepreneurship Pedagogy
Proceedings of the United States Association for Small Business and Entrepreneurship Annual Conference, January (1st Quarter/Winter) 2020
Social and Economic Factors in Birth Outcomes
Northeast Business & Economics Association, November 2019
Social and Economic Factors in Heart Disease and Diabetes
Northeast Business & Economics Association, November 2019
Adverse Selection in Tax Credit Program for Biotechnology and Other Technology Startups
NBEA Proceedings, October (4th Quarter/Autumn) 2018
Are Angel Investors Egotists? Evaluating Name Letter Preference as Implicit Egotism
NBEA Proceedings, October (4th Quarter/Autumn) 2018
Proceedings of the United States Association for Small Business and Entrepreneurship Annual Conference, January (1st Quarter/Winter) 2020
Social and Economic Factors in Birth Outcomes
Northeast Business & Economics Association, November 2019
Social and Economic Factors in Heart Disease and Diabetes
Northeast Business & Economics Association, November 2019
Adverse Selection in Tax Credit Program for Biotechnology and Other Technology Startups
NBEA Proceedings, October (4th Quarter/Autumn) 2018
Are Angel Investors Egotists? Evaluating Name Letter Preference as Implicit Egotism
NBEA Proceedings, October (4th Quarter/Autumn) 2018
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Chapter
Schwartz, Mathew, & Ehrlich, Michael A. (2018). A Universal Basic Robot, Lee, Ji-Hyun (Eds.), Springer Singapore. (pp. 127--138). Singapore: Springer Singapore
Rapp, William V, & Yan, Zhipeng, & Somers, Mark, & Mehta, Rajiv, & Xu, Wei, & Ehrlich, Michael A., & Chou, Porchiung B. (2013). Boil, Bubble Toil And Trouble, Kindle Direct Publishing . Kindle Direct Publishing
Ehrlich, Michael A., & Rapp, William V (2013). Structured Investment Vehicles, William V Rapp (Ed.), Kindle Direct Publishing, Createspace. (pp. 29). Seattle, WA: Kindle Direct Publishing, Createspace
Xu, Wei, & Ehrlich, Michael A. (2013). Financial Engineering: Balance Sheet Manipulation, William V Rapp (Ed.), Kindle Direct Publishing. (pp. 29). Seattle, WA: Kindle Direct Publishing
Rapp, William V, & Yan, Zhipeng, & Somers, Mark, & Mehta, Rajiv, & Xu, Wei, & Ehrlich, Michael A., & Chou, Porchiung B. (2013). Boil, Bubble Toil And Trouble, Kindle Direct Publishing . Kindle Direct Publishing
Ehrlich, Michael A., & Rapp, William V (2013). Structured Investment Vehicles, William V Rapp (Ed.), Kindle Direct Publishing, Createspace. (pp. 29). Seattle, WA: Kindle Direct Publishing, Createspace
Xu, Wei, & Ehrlich, Michael A. (2013). Financial Engineering: Balance Sheet Manipulation, William V Rapp (Ed.), Kindle Direct Publishing. (pp. 29). Seattle, WA: Kindle Direct Publishing
Other
Program Evaluation: New Jersey Technology Business Tax Certificate Transfer Program
New Jersey Economic Development Agency, November 2010
Program Evaluation: New Jersey Film and Digital Media Tax Credit Programs
New Jersey Economic Development Authority, October (4th Quarter/Autumn) 2010
Financial Bubbles
Presentation Board Ridgefield Foundation, May 2010
New Jersey Economic Development Agency, November 2010
Program Evaluation: New Jersey Film and Digital Media Tax Credit Programs
New Jersey Economic Development Authority, October (4th Quarter/Autumn) 2010
Financial Bubbles
Presentation Board Ridgefield Foundation, May 2010
Book Review
What Makes a Terrorist: Economics and the Roots of Terrorism
The American Economist, October (4th Quarter/Autumn) 2009
The American Economist, October (4th Quarter/Autumn) 2009