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itzhakvenezia7@hotmail.com

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972-2-588-3222

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Resume

Working Papers
Academic Positions Held Courses
Publications list

Resume

Teaching Areas:
Banking and Financial Institutions, Corporate Finance, Risk Management, Futures and Options, Security Analysis, Investments.
Research Areas:
Corporate Finance, Behavioral Finance, Signaling Effects of Financial Decisions, Experimental Tests of Financial Behavior, Executive Compensation Schemes.
Personal Data:
Marital Status: Married, two children
Nationality:
Israeli
Degrees:
BA, University of Tel Aviv, 1969
Ph.D., University of California, Berkeley, 1973

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Academic Positions Held

1974 - present
The School of Business Administration, The Hebrew University of Jerusalem
  • Professor since 1992
  • Tenured since 1979
  • Professor since 1993
  • The Sanger Family Professor of Banking and Risk Management, since 1999
2002 - 2003
Visiting Professor, Department of Finance School of Management, Yale University
2001 - 2002
Visiting Professor, Department of Finance and Economics School of Management, Rutgers University
2000 - 2001
Visiting Professor, Department of Finance and Business Economics Marshall School of Business, University of Southern California
1995 - 1996
Visiting Professor, Department of Finance, Graduate School of Management, University of California, Los Angeles
1989 - 1991
Visiting Professor, Department of Finance, Graduate School of Management, University of California, Los Angeles.
1985 - 1986
Visiting Associate Professor, Department of Finance, Graduate School of Management, Northwestern University.
1981 - 1982
Visiting Associate Professor, School of Business, University of California, Berkeley
1978 - 1979
Visiting Assistant Professor, Department of Economics, University of Rochester.

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Publications list

  1. "An Optimal Tax Incentive Scheme for a Decentralized Multi-Product Firm", Management Science, 22, 1976, 1034-1042.
  2. "Are Defense Budgets Too Large?" Public Finance, 31, 1976, 406-413.
  3. "Optimal Policies of Stage Construction for Transportation Facilities Under Uncertainty", Transportation Research, 11, 1977, 377-384.
  4. "On the Aggregation Across Subjects in Analyzing Individual Choice Behavior", Journal of Mathematical Psychology, 16, 1977, 60-67 (with Z Shapira).
  5. "The Effects of Type of Forecasting and Aggregation Procedure on the Accuracy of Managerial Manpower Predictions", Behavioral Science, 23, 1978, 187-194.
  6. "A Decision-Theoretic Approach to the Aggregation Problems in the Pre-Data-Collection Stage", Journal of the American Statistical Association, 73, 1978, 552-558.
  7. "The Optimal Duration of Growth Investments and Search", Journal of Business, 52, 1979, 393-407 (with M. Brenner).
  8. "A Mean-Variance Approach to the Optimal Machine Maintenance and Replacement Problem", Operational Research Quarterly, 30, 1979, 466-477 (with C. Tapiero).
  9. "On the Theory of the Competitive Firm with Utility Defined on Profits and Regret", European Economic Review, 12, 1979, 292-303 (with J. Paroush).
  10. "Optimal Insurance Premium Rates When the Distribution of Claims is Unknown, Journal of Applied Probability, 16, 1979, 678-84.
  11. "The Optimal Frequency of Information Purchases", European Journal of Operations Research 4, 1980, 118-123.
  12. "Optimal Aggregation of Input-Output Coefficients - A Decision Theoretic Approach", Communications in Statistics, 19, 1980, 557-570.
  13. "Optimal Claims in Automobile Insurance", Review of Economic Studies, 47, 1980, 539-549.
  14. "Adaptive Credit Granting Policies", Journal of Banking and Finance, 4, 1980, 269-281.
  15. "The Effect of Increased Variance on the Duration of Search: A Note", Journal of Economic Theory, 23, 1980, 127-129.
  16. "How Similar are the Different Results?", Quality and Quantity, 14, 1980, 727-742 (with Z. Maimon and J. Lingoes).
  17. "The Effect of Increased Risk on the Expected Proceeds and Sale Strategy of a Machine", Operational Research Quarterly, 31, 1980, 839-844.
  18. "Optimal Stopping in Non Stationary Series", Organizational Behavior and Human Performance, 27, 1981, 32-45 (with Z. Shapira).
  19. "The Covariance Structure of Sequential Forecasts Obtained by Regression Analysis", Journal of Statistical Planning and Inference, 5, 1981, 121-132.
  20. "Optimal Sequencing of Capacity Expansion Projects Under Uncertainty", RAIRO - Operations Research, 16, 1982, 287-307.
  21. "On the Adequacy of Government Budgets", Atlantic Economic Journal, 10, 1982, 6-11 (with J. Paroush).
  22. "The Effects of Inflation and Taxes on Growth Investments and Replacement Policies", The Journal of Finance, 38, 1983, 1519-1528 (with M. Brenner).
  23. "A Bayesian Approach to the Optimal Growth Period Problem: A Note", The Journal of Finance, 38, 1983, 237-246.
  24. "Optimal Multi-Period Insurance Contracts", Insurance: Mathematics and Economics, 2, 1983, 199-208 (with H. Levy).
  25. "Aspects of Optimal Automobile Insurance", Journal of Risk and Insurance, 51, 1983, 63-79.
  26. "Determinants of Management Styles in Business and Non-Business Organizations", Journal of Applied Psychology, 69, 1984, 437-447 (with G. Chitayat).
  27. "Optimal Investments in Market Research", European Journal of Operations Research, 18, 1984, 198-207.
  28. "On the Statistical Origins of the Learning Curve", European Journal of Operations Research, 19, 1985, 191-200.
  29. "Learning and Manufacturing Reliability", Proceedings of Production Systems: Scientific, Economic, Strategic Approach Conference INRIA: Centre de Rockuencourt, 1985, 21-30.
  30. "Partial Exercise of Loan Commitments Under Adaptive Pricing", The Journal of Financial Research, 8, 1985, 251-263 (with S. Greenbaum).
  31. "On the Economic Advantages of the Coinsurance Clause", The Journal of Risk and Insurance, 55, 1988, 307-314.
  32. "Tying Whole Life and Savings Decisions: A Multi-Period Expected Utility Approach", Studies of Banking and Finance, 6, 1988, 193-229.
  33. "Leadership styles of Senior Executives in Business and Government Organizations: A Comparative Study", South African Journal of Business Management, 19, 1988, 68-74 (with G. Chitayat).
  34. "Equilibrium Pricing Under the Bank-Client Relationship", Journal of Banking and Finance, 13, 1989, 221-235 (with Greenbaum and Kanatas).
  35. "Earnings Information and the Determination of Dividend Policy", Journal of Economics and Business, 1991, 43, 197-214 (with S. Bar Yosef).
  36. "Loan Commitments and the Management of Uncertain Credit Demand", The Journal of Real Estate Finance and Economics, 4, 1991, 351-366 (with Greenbaum and Kanatas).
  37. "Tie-in of Life Insurance and Savings, an Economic Rationale", Journal of Risk and Insurance, 58, 1991, 383-396.
  38. "Size and Frequency of Prizes as Determinants of the demand for Lotteries", Organizational Behavior and Human Decision Processes, 52, 1992, 307-318 (with Z. Shapira).
  39. "Term vs. Whole Life Insurance: A Note", The Journal of Accounting Auditing and Finance, 7, 1992, 241-250 (with E. Berkovitch).
  40. "The structure of Prizes in Lotteries and its Effect on the Demand: Theory and Findings from the Israeli Lottery Market." Economics Quarterly, 40, 1993, 215-228 (Hebrew, with Z. Shapira).
  41. "The Determinants of Bond Call Premia: A Signaling Approach", Journal of Financial Services Research, 8, 1994, 243-256 (with E. Schwartz).
  42. "The LIFO/FIFO Choice as a Signal of Future Costs", Journal of Management Accounting Research, 7, 1995, 52-65 (with S. Bar-Yosef and P. Hughes).
  43. "The Velocity Puzzle Revisited: The Effects of the Housing and Stock Markets", Journal of Economics and Business, 1996, 48, 23-32 (with M. Levi, and Y. Zhang).
  44. "Exclusive vs. Independent Agents: A Separating Equilibrium Approach", The Journal of Economic Behavior and Organization, 1999, 40, 443-456 (With Dan Galai and Zur Shapira)
  45. " Experimental Tests of Self Selection and Screening in Insurance Decisions", The Geneva Papers on Risk and Insurance Theory, 1999, 24, 139-158 (with Zur Shapira).
  46. " Patterns of Behavior of Professionally Managed and Independent Investors", Journal of Banking and Finance, Vol. 25 (8). p 1573-87, August 2001 (with Zur Shapira).
  47. "Comparative Exploration of Behavior and Profitability of Professionally Managed and Independent Investors", The Israeli Quarterly Journal of Economics (Hebrew) June 2002, 49, pp. 266-283 (with Zur Shapira).
  48. " The Implications of Standard SFAS 131 on Segment Reporting on the informativeness of Financial Statements", The Accounting Journal (Israel) , 2002, (with Sasson Bar-Yosef)

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Working Papers

  1. Do Professional Investors Behave Differently than Amateurs After the Weekend?
  2. On Timing and Herding: Do Professional Investors Behave Differently than Amateurs?
  3. When are Preferred Shares Preferred? Theory and Empirical Evidence
  4. Optimal Strike Prices of Stock Options for Effort Averse Executives
  5. An Experimental Study of the Full-Coverage Puzzle
  6. An Experimental study of the Implications of SFAS 131: The Effects of the New Standard on the reporting of accounting resultsInformativeness of Segment Reporting.
  7. An Experimental Study of Overconfidence in Accounting Numbers Predictions
  8. The Effect of Overconfidence on the Learning Curve of manufacturing and Financial Institutions

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Courses

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