פרופ' אבנר קלעי

מנהלת ביה"ס למנהל עסקים בדימוס
פרופ' אבנר קלעי
טלפון פנימי: 03-6406298
פקס: 03-6409560

תחומי מחקר

Capital market Theory and Efficiency, Derivatives and Real Options, Economics of Information, Agency Theory, Optimal Contracting, MicroStructure of Markets, and Corporate Finance. 

פרסומים אחרונים

  • "The Market Value of a Vote: A contingent Claims Approach", Journal of Finance 2014, with Shagun Pant and Ogazun Karakas 
     
  • “Ex-Dividend Arbitrage in the Option Markets” Review of Financial Studies, 2010, with Jia Hao and Stewart Mayhew. 
     
  • “Detecting Liquidity Traders” Journal of Financial and Quantitative Analysis, 2009, with Avi Wohl. 
     
  • “Is Chapter 11 Costly?” Journal of Financial Economics, 2007, with Rajeev Singhal and Liz Tashjian. 
     
  • “Measuring Stock Illiquidity: An Investigation of the Demand and the Supply Schedule at the TASE” Journal of Financial Economics, 2004, with Orly Sade and Avi Wohl. 
     
  • “How to Value a Lost Opportunity: A Real Option Approach” George Mason Law Review, summer 2003, with Mark Glick 
     
  • “Continuous Trading or Call Auctions: Revealed Preferences of Investors at Tel Aviv Stock Exchange” Journal of Finance, 2002, with Li Wei and Avi Wohl. 
     
  • “Can Splits Create Market Liquidity? Theory and Evidence” Journal of Financial Markets, 2002, with Ravi Anshuman. 
     
  • “The Market for Callable-Convertible Corporate Bonds: Evidence from Japan” Pacific-Basin Finance Journal, (lead article) 2002, with Daniel Griener and Hideaki Kiyoshi Kato 
     
  • “Swimming Against the Tides: The Case of Aeroflex Move from Nyse to Nasdaq” Journal of Financial Markets, 2001, with Evgenia Pontniaguina. 
     
  • “Dividends and Taxes: A Re-examination” Financial Management, 2000, with Roni Michaely.  

 

Working Papers 
 

  • "The Vanishing Stock Dividends" with Feng Zhang (U of Utah). Presented at IDC (May 2016) and at Tel Aviv University (May 2016). 
     
  • "Market Learning about stand-alone value of the Acquirer" with Krisztina Buti (U of Utah) Presented at Tel Aviv University (November 2015), at UNSW (November 2015), Hebrew University (April 2016). 
     
  • “Opening Call Auctions in a Specialist Market” with Ekkhart Boehmer, Evgenia Golubeva, and Avi Wohl.  
     
  • Some Like it Safe: Agency and Corporate Purchase of Insurance" with Paul Ehling and Shagun Pant. 

 

פרסים ואותות הוקרה

Recipient of New York University’s Presidential Fellowship for full-time research during the fall semester of 1982.  

The recipient of the Glucksman Fellowship for research in security markets. 

A Solomon Brothers Fellowship for the academic year of 1986-1987.  

Garn Faculty Scholar, University of Utah, 1989-1999.

Research grant from Sapir Center of Economic Research 1999-2000.  

Member of the review committee of the Swiss National Science Foundation.

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