Michael Ehrlich, PhD, had an international business career before joining NJIT’s School of Management as assistant professor of finance. Ehrlich’s research focuses on financial markets and institutions, with an emphasis on market failures. His current interest has been the unintended consequences of financial market innovation with special attention to structured investment vehicles, the financial investment innovation which grew to more than $400 billion worldwide before collapsing in the 2007-2008 financial crisis. Journal of Corporate Accounting and Finance and The American Economist published his views on the structure of financial markets and foreign exchange risk. He spent his last Wall Street years at Bear Stearns as senior managing director of the emerging markets fixed income business. Earlier stints included positions of increasing responsibility at Lehman Brothers Kuhn Loeb and Salomon Brothers, where he worked in the Government Arbitrage group with John Meriwether. Upon leaving Wall Street, Ehrlich started FineStar Imaging LLC, a small technology company that specialized in document production and management. He sold FineStar in 2007. Today, along with teaching, Ehrlich participates in NJIT’s small business incubator program, the Enterprise Development Center (EDC). Ehrlich, who belongs to the New York Angels, works with start-up companies.
• Olympus Innovation Awards - Semifinalist, NCIIA.November 30, 2010.• Innovation Acceleration Award, New Jersey Innovation Acceleration Center. April 7, 2010.• Outstanding Faculty, Albert Dorman Honors College. April 30, 2010.• IBAM "Best Paper" in Division, Institute of Behavioral and Applied Management. October 7, 2010.• Henry J. Leir Prize - 1st Place, Bill Rapp, School of Management, NJIT. May 1, 2008.
• Innovation• Entrepreneurship• Commercialization of Technology• NJIT’s small business incubator program, the Enterprise Development Center (EDC)• International business• Financial markets and institutions• Market failures• Structured investment vehicles
Publications & Projects
Refereed Journal Articles
• Ehrlich, M. A., Anandarajan, A. (2011). International Lessons for US Housing Finance. The Journal of Corporate Accounting & Finance/Wiley, 22(6), 31-38.
• Ehrlich, M. A. (2010). 2010 Financial Reform : A Guide for Corporate Treasurers. Journal of Corporate Accounting & Finance, 22(1), 9-16. www.wiley.com/WileyCDA/WileyTitle/productCd-JCAF.html
• Ehrlich, M. A., Anandarajan, A. (2009). The treasurer: How to weather our current crisis. Journal of Corporate Accounting and Finance, 21(1), 29-32. www3.interscience.wiley.com/journal/60500170/home
• Ehrlich, M. A., Anandarajan, A., Chou, B. (2009). Structured Investment Vehicles: The Unintended Consequences of Financial Innovation. Bank Accounting and Finance, 2009(Oct), 15-26. www.bankaccountingandfinance.com/index.htm
• Ehrlich, M. A., Anandarajan, A., Fossaceca, M. (2009). Solving treasury problems in an age of global trade. Journal of Corporate Accounting and Finance, 20(6), 55-64. www3.interscience.wiley.com/journal/60500170/home
• Ehrlich, M. A., Anandarajan, A. (2008). Protecting your firm from FX risk. Journal of Corporate Accounting and Finance, 19(6), 25-34. www3.interscience.wiley.com/journal/60500170/home
• Ehrlich, M. A., Anandarajan, A. (2008). SIVs: Could you survive a financial collapse? Journal of Corporate Accounting and Finance, 19(4), 27-35. www3.interscience.wiley.com/journal/60500170/home
Other Peer Reviewed Publications
• Ehrlich, M. A. (2010). Program Evaluation: New Jersey Technology Business Tax Certificate Transfer Program (pp. 47). Trenton, NJ: New Jersey Economic Development Agency. http://www.state.nj.us/treasury/pdf/NJ%20Technology%20Business%20Tax%20Certificate%20Transfer%20Program.pdf
• Ehrlich, M. A. (2010). Program Evaluation: New Jersey Film and Digital Media Tax Credit Programs (pp. 45). Trenton, NJ: New Jersey Economic Development Authority. http://www.state.nj.us/treasury/pdf/NJ%20Film%20and%20Digital%20Media%20Tax%20Credit%20Program.pdf
• Ehrlich, M. A. (2009). In Michael Szenberg (Ed.), What Makes a Terrorist: Economics and the Roots of Terrorism (2nd ed., vol. 53). New York, NY: The American Economist.