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Sagi Akron 

Lecturer

Main Research: Corporate Finance

Email: sagiakron@univ.haifa.ac.il

Phone: +972-4-8288495

Office Hours: Upon Schedule 

 

Sagi Akron is a lecturer (assistant professor of finance) at the Graduate School of Management, University of Haifa. Dr. Akron holds a Ph.D. in finance from Tel Aviv University - The Faculty of Management, The Leon Recanati Graduate School of Business Administration. His research focuses on corporate finance and corporate governance - managerial compensation, corporate hedging, and the value of control, anomalies in light of business cycles, business cycles and real estate public sentiment, the financial implications of corporate social responsibility. He teaches managerial economics, corporate finance, and investments.

Personal Website

Google Scholar researcher profile

   

Publications

 

1. Akron, Sagi, Market Reactions to Dividend Announcements under Different Business Cycles, November-December 2011, Emerging Markets Finance and Trade, Vol. 47, Supplement 5, pp. 72-85.

2. Akron, Sagi and Benninga Simon, Production and hedging implications of executive compensation schemes, 2013, Journal of Corporate Finance, Volume 19(1), pp. 119-139.

* MFA2011 Best Paper Award in Corporate Finance – McGraw Hill 2011

3. Akron, Sagi, Market Reaction Implications of the SEO Package Composition at the TASE, Emerging Markets Finance and Trade, 2013, Vol. 49, Supplement 1, pp. 77–93.

* EBES 2011 Conference – Zagreb Finalist of Best Paper Award  2011

4. Hareli Shlomo, David Shlomo, Akron Sagi, and Hess Ursula, 2013, The Effect of a Negotiator's Social Power on Negotiations as a Function of the Counterpart's Emotional Reactions in a Computer Mediated Negotiation, Europe's Journal of Psychology, Vol. 9(4), 820-831.

5. Portnov A., Boris and Akron, Sagi, 2014, Identification of Housing Market Trends and Factors Affecting Them: The Greater Haifa Metropolitan Area in Israel as a Case Study, Journal of Real Estate Literature, Volume 22 (2), pp. 177-203.

6. Disegni M. Dafna, Huly Moshe, and Akron, Sagi, 2015, Corporate Social Responsibility, Environmental Leadership and Financial Performance, Social Responsibility Journal, Vol. 11 (1), pp. 131-148.

7. Portnov, Boris A., Ingene, Charles, and Akron, Sagi, 2015, Long-Term Natural Cycle Momentum and Housing Price Changes in Israel, 1995-2013, Forthcoming in Journal of Real Estate Research.

8. Akron, Sagi, 2016, Business Cycles and the Expectations of Short-Term Central Bank Rate in light of Construal Level Theory, in Eurasia Business Review, Vol.6(2), pp. 171 -187. DOI: 10.1007/s40821-016-0043-7

9. Parnes, Dror, Akron, Sagi, 2016, Rating the credit rating agencies, Applied Economics, Forthcoming, Online DOI: 10.1080/00036846.2016.1164826.

10. Akron, Sagi, Feinblit, Ofek, Hareli, Shlomo, and Tzafrir, Shay, 2016, Employment Arrangements Diversity and Work Group Performance, Team Performance Management, Forthcoming, DOI 10.1108/TPM-11-2015-0053.

11. Parnes, Dror, Akron, Sagi, 2016, The Life Expectancy of Fallen Angels, Journal of Investing.Forthcoming, [American Institutional Investor Journals]

12. Taussig, Roi D., and Akron, Sagi, 2016, Returns to Scale, Operating Leverage, and Expected Stock Returns, Forthcoming in Eurasia Business Review. DOI 10.1007/s40821-016-0053-5.   


Papers under Review/ Revision

  1. Akron, Sagi, and Roy Gelbard, Software Code Flexibility Profitability in Light of Technology Life Cycle, Latest version May 2016, Under Review.

  2. Akron, Sagi, The Optimal Derivative-based Corporate Hedging Strategy under Equity-linked Managerial Compensation, August 2015, Under Review.

  3. Akron, Sagi and Samdani, Taufique, The IPO Appraisal Paradox in Light of a Non-Discretionary Allocation Regulatory Act, latest version August 2016, Under Review.

  4. Shoham, Aviv, Gavish, Yossi, Segev, Sigal, and Akron, Sagi, Consumers’ Frugality and Hoarding: Antecedents and Behavioral Outcomes, Under Review.
  5. Akron, Sagi and Samdani, Taufique, Investor Protection and Institutional Investors’ Incentive for Information Production, latest version May 2016, Revise and Resubmit.

   6. Shoshi Ofek, Akron, Sagi, Boris A. Portnov, Stimulating Green Construction by Influencing Decision-making of Main Players, latest version January 2016, Under Review.

   

   Research Grant

     

         Stimulating Green Construction in Israel by Influencing Decision-making of Main Players. with Boris A. Portnov.

    182,850NIS (about 47,000USD$)

    Funded by: Israeli Ministry of Environmental Protection (2015-2017) 

For Further details and means of communication - click the name of the desired person


Administrative Staff

Ms. Vered Dana-Tron - Department's Administrator, and the MBA Program with Thesis Coordinator
Ms. Lital Ballaiche - The General MBA Program (in Hebrew), and The Management of Non-Profit Organizations MBA Program Coordinator
Ms. Vered Petrar-Alon - The Strategic Management of Human Resources MBA Program, and The Real Estate Valuation and Management MBA Program Coordinator
Ms. Orly Danenberg - The International MBA (in English) and The Global Green MBA (in English) Programs, and The Shipping and Sea Ports Management MBA Program Coordinator


Faculty Members

Dr. Sagi Akron Prof. Sheizaf Rafaeli
Prof. Michal Biron Prof. Aviv Shoham
Dr. David Bodoff Prof. Shay S. Tzafrir - Head of the Department 
Dr. Nir Brueller Prof. Emeritus Nahum Biger

Prof. Shlomo Hareli

Prof. Emeritus Itzhak Harpaz
Dr. Kimberlee Weaver Livnat

Prof. Emeritus Ilan Meshulam

Dr. Doron Nisani Prof. Emeritus Yossi Yagil
Dr. Mahmoud Qadan

Prof. Steven Plaut of blessed memory

Prof. Daphne Raban

Prof. Eliezer Shlifer of blessed memory

Yulia Gorelik

Secretary of Faculty

Email: ygorelik@univ.haifa.ac.il

Phone: 972-4-8249193

Office: Jacobs building, room 605

MichalBiron

Associate Professor, Head of the General Executive-Level MBA Program (in Hebrew) & Head of MBA Program for Strategic Human Resource Management
Research Interests: Human resource management, Organizational behavior

Email: mbiron@univ.haifa.ac.il
Phone: 972-4-8288491
Office: Jacobs building, room 609
Office Hours: on prior appointment

 

Michal Biron is an Associate Professor in the Department of Business Administration, Faculty of Management, University of Haifa (Israel), and a visiting researcher in the Department of Human Resource Studies at Tilburg University (the Netherlands). She is the head of the General Executive-Level MBA Program (in Hebrew) & Head of the MBA Program for Strategic Human Resource Management. Prof. Biron received her Ph.D. (in 2007) from the Faculty of Industrial Engineering and Management at the Technion - Israel Institute of Technology. She has received a number of grants and awards for her research. Prof. Biron is the Israeli Ambassador and the chair of the Academy of Management HR Division Ambassadors Program. She is a member (elected) of the Global Young Academy. Her research focuses on stress and burnout, organizational deviance, HRM practices in knowledge-intensive organizations, the nature of employee relations with co-workers and supervisors, and the implications of such relations for both individuals and organizations. Her articles have appeared in the Journal of Applied Psychology, Organizational Behavior and Human Decision Processes, Journal of Organizational Behavior, Journal of Vocational Behavior, Journal of Occupational Health Psychology, Human Relations, and International Journal of Human Resource Management.

CV & publications

Google Scholar researcher profile

ShaiTzafrir

Associate Professor, Head of The Department of Business Administration
Research Interests: Human resource management, Organizational behavior

Email: stzafrir@univ.haifa.ac.il
Phone: 972-4-8249582
Office: Jacobs building, room 619
Office Hours: on prior appointment

Shay S. Tzafrir is an associate professor and Head of the Business Administration Department at the University of Haifa. He received his Ph.D. and M.Sc. in behavioral science from the Technion – Israel institute of Technology. He also earned a B.A and M.A. in political science, as well as LLB, all from University of Haifa. He serves as an associate editor of Journal of Trust Research and part of the Editorial Advisory Board in Cross Cultural Management: An international Journal as well as Editorial Review Board in Human Resource Management. His current research interest includes the role trust play in various organizational factors, such as strategic human resource management, organizational performance, negotiation, and service quality. His articles have been published in journals such as Industrial Relations, Human Resource Management,Journal of Organizational and Occupational Psychology,International journal of Human Resource Management, and others.

Google Scholar researcher profile

biger nahum

פרופ' (אמריטוס), ראש ביה"ס למנהל עסקים בין השנים 1998-2003
Research Interests:
 International financial management, Economics and investments, Capital markets

Email: nbiger@univ.haifa.ac.il

Recent publications:

Biger, N. and N. Sher, (2016), “New Financial Tools for Small Business: A Commitment Mechanism, Bank Funding, Binary Options Market and Purchase Contracts Securitization”, (forthcoming)

Biger, N., (2015), "One-Sided Linking of Mortgage Loan to the Price of a Foreign Currency", Handbook of Economics, Finance and Management Outlooks, Vol. 3, PP. 1-13

Gill, A., Biger, N. and J. D. Obradovich, (2015), "The Impact of Independent Directors on the Cash Conversion Cycle of American Manufacturing Firms", International Journal of Economics and Finance, Vol. 7, No. 1, pp. 87-98

Gill, A., Biger, N., Dana, L. P., Obradovich, J. D. and A. Mohamed, (2014), “Financial Institutions and the taxi-cab industry: an exploratory study in Canada”. International Journal of Entrepreneurship and Small Business, Vol. 22, No. 3, pp. 326-342

Gill, A., Biger, N., Mand, H. S. and Neil Mathur (2014), “Earnings Management, Firm Performance, and the Value of Indian Manufacturing Firms”, International Research Journal of Finance and Economics, Issue 116, pp. 120-132

Biger, N., A. Gill, and H. S. Mand (2014), “The Impact of Earnings Management on Future Dividend Payout of Indian Manufacturing Firms”, International Journal of Business and Globalization, Vol. 12, No. 4, pp. 369-382

Biger, N., Gill, A., Sharma, S. P. and C. Shah (2014), “Gender Differences and Factors that affect Family Business Growth in Canada”, International Journal of Entrepreneurship and Small Business, Vo. 21, No. 1, pp. 115-131

Gill, A., N. Biger and Mand, H. S., (2013), "Corporate Leverage, Financial Efficiency, and the  decision of Indian Firms about the Amount of Dividends", International Journal of Business and Globalization, Vol. 11, No. 3, pp. 258-274

Biger, N. and A. Gill, (2013), "The Impact of Corporate Governance on Working Capital Management Efficiency of American Manufacturing Firms", Managerial Finance, Vol. 39, Issue 2, pp. 116-132

Wong, S, N. Biger, D. Hunt and Yufeng Tu, (2012), “A Complete Mediating Effect of Imitability on the Relationship between IT Capabilities and Export Performance”

Biger, N., and A. Gill, (2012), "Factors that affect small business performance in Canada", International Journal of Entrepreneurial Venturing, Vol. 4, No. 2, pp. 181-194

Gill, A., Biger, N. and N. Mathur, (2012), "Determinants of Equity Share Prices Evidence from American Firms", International Research Journal of Finance and Economics, Issue 90, pp. 176-189

Gill, A. and N. Biger, (2012), "Barriers to small business growth in Canada", Journal of Small Business and Enterprise Development, Vol. 19 Issue: 4, pp. 656-668

Biger, N. and A. Gill, (2012), "The Impact of Corporate Governance on Working Capital Management Efficiency of American Manufacturing Firms" (MF-Jun-2012-0143.R3), Managerial Finance

Biger, N. and A. Gill, (2011), “Factors that affect small business performance in Canada”, International Journal of Entrepreneurial Venturing. Vol. 2011

Gill, A., Biger, N. and V. Nagpal, (2011), “Barriers to small business creations in India”, International Journal of Entrepreneurship and Small Business, Vol. 13, No. 4, pp. 395-410

Amarjit, G., N. Biger and V. Nagpal, (2011), “Barriers to small business creations in Canada”, International Journal of Entrepreneurship and Small Business, Vol. 14, No. 2, pp. 245-257

Amarjit, G., Biger, N., Harvinder, S. M. and Gill S. Sukhinder, (2011), "Factors that Affect Mutual Find Investment Decisions of Indian Investors", International Journal of Behavioural Accounting and Finance

Biger, N., Amarjit, G. and N. Mathur, (2011), "The Effect of Capital Structure on Profitability: Evidence from the United States", International Journal of Management, Vol. 28, No. 4, Part 1, December., pp. 1-15

stevenplaut

Associate Professor (reader)
Research Interests: Banking, International Financial Management, Capital Markets 

Email: splaut@univ.haifa.ac.il

Vered Dana Tron

Administrator &The Management of Non-Profit organizations& MBA Program Coordinator

Email: vtron@univ.haifa.ac.il

Phone: 972-4-8288489

Office: Jacobs building, room 605

Vered Alon

The Strategic Management of Human Resources MBA Program Coordinator

Email: valon@univ.haifa.ac.il

Phone: 972-4-8249581

Office: Jacobs building, room 601

Lital Bellaiche

The General executive-level MBA (in Hebrew) Program Coordinator

Email: lbalogh@univ.haifa.ac.il

Phone: 972-4-8249193

Office: Jacobs building, room 605

mahmudq Head of Management of Non-Profit Organizations MBA Program (starting January 2018)
Research Interests: Finance
Email: mqadan@univ.haifa.ac.il 
Phone: 972-4-8249584
Office: Jacobs building, room 607
Office Hours: on prior appointment

Google Scholar researcher profile

Short Bio

Mahmoud Qadan is Assistant Professor of Finance in the Department of Business Administration at the University of Haifa. His research interests are in the areas of asset pricing, the microstructure of capital markets, financial econometrics, and behavioral finance.

Education

  • B.A. in Economics, Ben-Gurion University (2000)
  • M.Sc. in Economics, the Technion (2004)
  • Certified Public Accountant, University of Haifa (2005)
  • Ph.D. in Finance, University of Haifa (2011)
  • Post Doc., Columbia University, New York (2012-2013)

Teaching

Dr. Qadan teaches the following courses:

  • Advanced Econometrics 
  • Corporate Finance
  • Financial Accounting
  • Financial Econometrics 
  • Financial Management 
  • Options Markets
  • Investments

Reviewer for

  • European Journal of Finance
  • Energy Economics
  • Journal of Behavioral Finance
  • Journal of Economic Behavior & Organization
  • North American Journal of Economics and Finance
  • Review of Accounting and Finance
  • Eastern Finance Association

Publications

  1. Qadan, M. (2019). Risk appetite and the prices of precious metals. Resources Policy, 62, 136-153.
  2. Qadan, M. & Aharon, D. Can Investor Sentiment Predict the Size Premium? International Review of Financial Analysis, 63, 10-26.
  3. Qadan, M. & Aharon, D. (2019). The Length of the Trading Day and Trading Volume. Eurasian Business Review. Forthcoming
  4. Kliger, D. & Qadan, M. (2019). The High Holidays: Psychological Mechanisms of Honesty in Real-Life Financial Decisions. Journal of Behavioral and Experimental Economics. Forthcoming.
  5. Aharon, D. & Qadan, M. (2018). The Size Effect is Alive and Well, and Hiding Behind Calendar Anomalies. Journal of Portfolio Management. Forthcoming
  6. Aharon, D. & Qadan, M. (2018). Bitcoin and the Day-of-the-Week Effect. Finance Research Letters. Forthcoming
  7. Qadan, M. & Aharon, D. (2018). How much Happiness Can We find in the US Fear Index? Finance Research Letters. Forthcoming.
  8. Aharon, D. & Qadan, M. (2018). When Do Investor Pay Attention to the Commodity Market? Resources Policy. Forthcoming.
  9. Qadan, M., Kliger, D. & Chen, N. (2018). “Idiosyncratic Volatility, the VIX and Stock Returns". North American Journal of Economics and Finance. Forthcoming.
  10. Qadan, M. (2018). Switches in Price Discovery: Are U.S. Traders More Qualified in Making Valuations? North American Journal of Economic and Finance, 44, 221-234.
  11. Qadan, M., & Nama, H. (2017). Investor Sentiment and the Price of Oil. Energy Economics, 69, 42-58.
  12. Qadan, M., & Kliger, D. (2016). The Short Trading Day Anomaly. Journal of Empirical Finance, 38, 62-80.
  13. Qadan, M., & Yagil, J. (2015). Are International Real and Financial Co-movements Characterized by Asymmetric Co-integration? Review of Accounting and Finance, 14 (4), 398-412.‏
  14. Qadan, M., & Yagil, J. (2015). International Co-movement of Real and Financial Economic Variables. Applied Economics, 47, 3347-3366. 
  15. Qadan, M., & Ben-Zion, U. (2014). The Role of Demographic and Psychological Differences in Future Financial and Economic Expectations. International Journal of Economics and Finance, 6, 37-45. 
  16. Levy, T., Qadan, M. & Yagil, J. (2013). Predicting the Limit-Hit Frequency in Futures Contracts. International Review of Financial Analysis, 30, 141-148.   
  17. Qadan, M. (2013). The Impact of the Day-of-the-Week on the VIX Fear Gauge. International Journal of Economic Perspectives, 7, 24-31. 
  18. Qadan, M., & Yagil, J. (2012). On the Dynamics of Tracking Indices by Exchange Traded Funds in the Presence of High Volatility. Managerial Finance, 9 (38), 804-832. 
  19. Qadan, M. & Yagil, J. (2011). Main or Satellite? Testing Causality in Mean and Variance for Dually Listed Stocks. International Journal of Finance & Economics, 17, 279-289.  
  20. Qadan, M. & Yagil J. (2011). Fear Sentiments and the Gold Price: Testing Causality in Mean and in Variance. Applied Economics Letters, 19(4), 363-366. 

Working Papers

  • Market Panic, Information Flow and Price Discovery
  • Stock-Bond Co-movements using Markov Switching Regimes
  • Estimating the performance of Mutual and Pension Funds
  • Systematic Risk, Idiosyncratic Risk and Spillovers in Financial Markets
  • Re-Examining the interplay between the Leading Indicators and the Financial Market

Conference Presentations

  • 2010, June – Financial Management Association, Barcelona, Spain
  • 2011, April – Eastern Finance Association, Savanna, Georgia, USA
  • 2011, September – Westminster College, New Wilmington, Pennsylvania, USA
  • 2012, June – Financial Management Association, Krakow, Poland
  • 2013, March – Midwest Finance Association, Chicago, Illinois, USA
  • 2013, May – Eastern Economic Association, New York, New York, USA
  • 2014, June – Financial Engineering and Banking Society, Surrey University. UK
  • 2014, December – iPag Business School, Paris, France
  • 2015, February – Eastern Economic Association, New York, New York, USA
  • 2015, April –University of Haifa, Haifa, Israel
  • 2015, October – Western Galilee College, Acre, Israel
  • 2016, April – Swiss Society for Financial Research, Zurich, Switzerland
  • 2017, February – Eastern Economic Association, New York, New York USA
  • 2017, February – Dep. of Business Administration, University of Haifa, Haifa, Israel
  • 2017, April – Western Galilee College, Acre, Israel
  • 2017, April – Eastern Finance Association, Jacksonville, Florida, USA
  • 2017, Aug – The 26th Subjective Probability, Utility, and Decision Making Conference, Technion
  • 2017, Dec –The 10th European Business Research Conference, Rome, Italy
  • 2018, June – The 25th Multinational Finance Society, Budapest, Hungary
  • 2018, Sep – Research in Behavioral Finance Conference. Vrije Universiteit, Amsterdam, Netherland
  • 2018, December – 49th International Business Research Conference. Tokyo, Japan

Publications in Newspapers: [Hebrew]

  1. The January Barometer. TheMarker– January 29, 2015.
    http://www.themarker.com/markets/1.2552462
  2. The Ramadan Effect. Investors are Hungry for Returns During Ramadan. TheMarker – June 16, 2013.
    http://www.themarker.com/markets/1.2047106
  3. Will the Capital Market Rise if Netanyahu is Elected Again? TheMarker – December 2, 2012.
    http://www.themarker.com/markets/1.1877809
  4. The Psychology of Fear: Do the “Days of Awe” Affect Capital Markets? TheMarker - October 2, 2012.
    http://www.themarker.com/markets/1.1834526
  5. Short Trading Days are Profitable for Traders. TheMarker - April 6, 2012.
    http://www.themarker.com/markets/1.1681054
  6. On the link between Sport Outcomes and Equity Prices. Calcalist – June 18, 2018.
    https://www.calcalist.co.il/local/articles/0,7340,L-3740285,00.html

Master and Ph.D. Supervision

  • Shani Gold (M.A.) – “Predicting Size Premium with Rational and Irrational Factors”. January 2016
  • Hazar Nama. (M.A.) – “Investor Sentiment and the price of Oil”. January, 2017
  • Maher Zoabi (M.A.) – “The Demand for Information –international Perspective”. August 2017
  • Nir Chen. (M.A.) – “Idiosyncratic Volatility, VIX and Expected Returns”. April 2017
  • Yasmeen Idilbi. (M.A) –Systematic Risk, Risk Aversion and Commodities Prices. Dec. 2018
  • Samar Zaher (M.A.) – “Stock-Bond Co-movements using Markov Switching Regimes”. January 2019.
  • Ph.D, Liron Reiter. (Ph.D) – “In Search of Financial Advice”.
  • Ph.D, Liron Reiter. (Ph.D) – “Attention, Retail Investors and Trading Biases”.

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