Michel Benaroch

- Email Contact Me
- Phone 315-443-3492
- Department Accounting, PhD Program
- Office 536
While at Whitman, Professor Benaroch has taught courses on business analytics, customer relationship management analytics, management of information technology (IT), IT and Electronic Commerce, decision-support and data mining technologies, and database management. He has also taught at the Israeli Institute of Technology (Technion), New York University, and the University of Rochester.
•Business Analytics and Decision Support Technologies
•Strategic Management of Information Technology
•Electronic Commerce
Economics of Information technology (IT). Using financial and economics techniques to evaluate IT investments, measure IT investment risk, and manage IT portfolios. One focus is on “real option” techniques applied to investments in new IT innovations and in growth IT capabilities (infrastructure).
IT-Oriented Service Innovation. Studying the management of risk in IT outsourcing relationships.
Artificial intelligence in finance. Application of knowledge systems and data mining to finance and economics problems.
Papers
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WORK IN PROGRESS. "Cyberbreaches and Higher Order Moments of Stock Returns Distribution" (with Michel Benaroch and Kenneth Kavajecz)
2021 Chernobai, A., Kavajecz, K. -
Do You Have Too Much Flexibility to Manage Enterprise Project Risks? Or not enough?
2008 -
A First Formal IT Portfolio Management Model and its Operationalization
2007 -
Truly Declarative IS Implementation with Business Rules / Ontological Foundations of a Purely Declarative Approach to IS Requirements Specification
2005 -
A Goal-Oriented Approach to IS Development Purely Based on Declarative Business Rules
2004 -
Extending Qualitative Reasoning Techniques for Use with Advanced Dynamic Economic and Financial Models
1998 -
Knowledge Modeling Research: A Critical Analysis
1997 -
On the Roles of Information Technology in Mass Customization
1995 -
Towards a definition of Deep Expert Systems
1994 -
On the Development of Knowledge Based Systems for Financial Design
1994 -
Developing Systems for Reasoning with Heterogeneous Knowledge: An Illustration from Finance
1994 -
Expert Systems and the Management of Foreign Exchange Risk
1993 -
Using a Model-Based Approach to Develop An Intelligent Assistant for Risk Management
1993 -
Market Impact: To Trade Small or to Trade Seldom? Evidence from Algorithmic Execution Data
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Board Level IT Competence and the Stock Market Reaction to Operational IT Failures
Chernobai, A. -
What We Learn from Mapping Cyber Incidents to IT Control Weaknesses at their Root
Chernobai, A.
Publications
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No Rose without a Thorn: Board IT Competence and Market Reactions to Operational IT Failures
2021 Information & Management, Fink, L.
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Third-Party Induced Cyber Incidents – Much Ado About Nothing?
2021 Journal of Cybersecurity,7,1,
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Third-Party Related Cyber Breaches: Who Pays the Price?
2020
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IT Service Providers and Cybersecurity Risk
2019 64,4,
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IT Control Deficiencies as Precursors of Cyber Incidents: Theory Development and Empirical Examination
2018
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Properties of IT Control Deficiencies at the Root of Cyber Incidents: Theoretical and Empirical Examination
2018
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Real Options Models for Proactive Uncertainty-Reducing Mitigations and Applications in Cybersecurity Investment Decision-Making
2018 Information Systems Research,
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Operational IT Failures, IT Value-Destruction, and Board-Level IT Governance Changes
2017 MIS Quarterly,41,3,729-762, Chernobai, A.
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Board IT Competence and Market Reaction to Cyber Incidents
2017 Chernobai, A.
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Contract Design Choices and the Balance of Ex-Ante and Ex-Post Transaction Costs in Software Development Outsourcing
2016 MIS Quarterly,40,1,55-82, Lichtenstein, Y., Fink, L.
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Linking Operational IT Failures to IT Control Weaknesses
2015
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Linking Operational IT Failures to IT Control Weaknesses
2015 Chernobai, A.
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Operational IT Failures and IT Governance
2015
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Operational IT Failures and IT Governance
2015 69-71, Chernobai, A.
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Understanding Factors Contributing to the Escalation of Software Maintenance Costs
2013
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Development of a Phase-Level Software Maintenance Effort Estimation Model
2013
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IT operational risk events as COBiT control failures: a conceptualization and empirical examination
2012 115-117, Chernobai, A.
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An internal control perspective on the market value consequences of IT operational risk events
2012 International Journal of Accounting Information Systems,13,4,357-381, Chernobai, A., Goldstein, J.
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Impact of sourcing flexibility on the outsourcing of services under demand uncertainty
2012 European Journal of Operational Research,219,2,272-283, Webster, S., Kazaz, B.
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An event study analysis of the economic impact of it operational risk and its subcategories
2011 Journal of the Association for Information Systems,12,9,606-631, Goldstein, J., Chernobai, A.
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Pricing e-service quality risk in financial services
2011 Electronic Commerce Research and Applications,10,5,534-544, Appari, A.
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Financial pricing of software development risk factors
2010 IEEE Software,27,5,65-73, Appari, A.
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Monetary pricing of software development risks: A method and empirical illustration
2010 Journal of Systems and Software,83,11,2098-2107, Appari, A.
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Should we go our own way? Backsourcing flexibility in IT services contracts
2010 Journal of Management Information Systems,26,4,317-358, Dai, Q., Kauffman, R.
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Outsourcing and Backsourcing under Demand Uncertainty: A Simplified Real Options Model
2010
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An integrative economic optimization approach to systems development risk management
2009 IEEE Transactions on Software Engineering,35,5,638-653, Goldstein, J.
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Option-Based Management of Risk in Information Systems Planning
2008
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IS-related operational risk: An exploratory analysis
2008 4,2509-2514, Goldstein, J., Chernobai, A.
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Option-based risk management: A field study of sequential information technology investment decisions
2007 Journal of Management Information Systems,24,2,103-140, Jeffery, M., Kauffman, R., Shah, S.
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On the valuation of multistage information technology investments embedding nested real options
2006 Journal of Management Information Systems,23,1,239-261, Shah, S., Jeffery, M.
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Project milestones for managing risk in software development outsourcing: A real options perspective
2006 5,3195-3200, Goldstein, J.
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An integrative economic optimization model to is development risk management
2006 1,536-540, Goldstein, J.
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Real options in information technology risk management: An empirical validation of risk-option relationships
2006 MIS Quarterly,30,4,827-864, Lichtenstein, Y., Robinson, K.
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Information retrieval with a hybrid automatic query expansion and data fusion procedure
2005 Information Retrieval,8,1,41-65, Xu, Y.
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Cognitive bioinformatics: Computational cognitive model for dynamic problem solving
2004 84-92, Kuchar, O., Reyes-Spindola, J., Chan, C., Kinsner, W., Wang, Y., Miller, D.
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Supply chain coordination in buyer centric B2B electronic markets
2004 International Journal of Production Economics,92,2,113-124, Wang, C.
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Managing Investments in Information Technology Based on Real Options Theory
2002 Journal of MIS,19,2,43-84,
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Specifying Local Ontologies in Support of Semantic Interoperability of Distributed Inter-organizational Applications
2002 90-106,
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Managing information technology investment risk: A real options perspective
2002 Journal of Management Information Systems,19,2,43-84,
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Declarative representation of strategic control knowledge
2001 International Journal of Human-Computer Studies,55,6,881-917,
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Option-based management of technology investment risk
2001 IEEE Transactions on Engineering Management,48,4,428-444,
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Justifying electronic banking network expansion using real options analysis
2000 MIS Quarterly,24,2,197-223, Kauffman, R.
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A Case for Using Real Options Pricing Analysis to Evaluate Information Technology Project Investments
1999 Information Systems Research,10,1,70-86, Kauffman, R.
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INVESTMENT: Engineering Management of Financial Investments and Qualitative Reasoning Techniques
1999 10,696-707,
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Goal-Driven reasoning with ACE-SSM
1998 IEEE Transactions on Knowledge and Data Engineering,10,5,706-726,
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Knowledge modeling driven by situation-specific models
1998 International Journal of Human-Computer Studies,49,2,121-157,
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Adding value to induced decision trees for time-sensitive data
1997 INFORMS Journal on Computing,9,4,385-396, Murphy, C.
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Toward the notion of a knowledge repository for financial risk management
1997 IEEE Transactions on Knowledge and Data Engineering,9,1,161-167,
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Conceptualizing structurable tasks in the development of knowledge-based systems
1996 Decision Sciences,27,3,415-448, Tanniru, M.
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Artificial intelligence in economics truth and dare
1996 Journal of Economic Dynamics and Control,20,4,601-605,
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Roles of design knowledge in knowledge-based systems
1996 International Journal of Human-Computer Studies,44,5,689-721,
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A technique for qualitatively synthesizing the structure of risk management vehicles
1996 Information Sciences,90,1-4,281-302,
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Knowledge Reuse in Mass Customization of Services
1996 107-127,
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An Integrative Approach for Intelligent Reasoning with Heterogeneous Knowledge in Risk Management
1995 283-314,
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Controlling the complexity of investment decisions using qualitative reasoning techniques
1995 Decision Support Systems,15,2,115-131, Dhar, V.
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The Computer: Architecture and Software
1987
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Cybersecurity Risk in IT Outsourcing – Challenges and Emerging Realities
Hirschheim, R., Heinzl, A., Dibbern
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Jun 01, 2021
Best paper award
the 15th ILAIS Conference -
Jun 01, 2020
Best paper award
the 14th ILAIS Conference -
Jun 01, 2019
Outstanding paper award
the 13th ILAIS Conference -
Dec 27, 2018
"Top 10% Authors on SSRN by total new downloads within the last 12 months"
SSRN -
Nov 20, 2018
"Top 10% Authors on SSRN by total new downloads within the last 12 months"
SSRN -
Oct 23, 2018
"Top 10% Authors on SSRN by total new downloads within the last 12 months"
SSRN -
Sep 20, 2018
"Top 10% Authors on SSRN by total new downloads within the last 12 months"
SSRN -
Aug 30, 2018
"Top 10% Authors on SSRN by total new downloads within the last 12 months"
SSRN -
Jul 17, 2018
"Top 10% Authors on SSRN by total new downloads within the last 12 months"
SSRN -
Jun 19, 2018
"Top 10% Authors on SSRN by total new downloads within the last 12 months"
SSRN -
Jun 30, 2015
Best Paper Award
the 9th ILAIS Conference -
Jan 01, 2006
Whitman Research Fellow
Whitman School of Management, Syracuse University -
Jan 01, 2001
Ranked #26 among the Top-100 world-wide researchers who published in top MIS journals
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Jan 01, 1999
Ranked #26 among the Top-100 world-wide researchers who published in top MIS journals during 1999-2011 (MISQ, ISR, JMIS, and JAIS).
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Jan 01, 1998
Exceptional Research & Scholarship Award
School of Management, Syracuse University -
Jan 01, 1996
Exceptional Research & Scholarship Award
School of Management, Syracuse University -
Jan 01, 1989
Doctoral Fellow
Decision Sciences Doctoral Consortium, Decision Sciences Institute -
Jan 01, 1989
Doctoral Fellow
Finance Doctoral Consortium, Financial Management Association
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What's Amazon's Grand Strategy In Israel?
October 22, 2018 Forbes -
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