פרופ' בן חורין משה

פרופ' בן חורין משה

ראש הקריה האקדמית אונו

דרכי התקשרות

דוא"ל: msmoney@ono.ac.il

מספר טלפון: 03-5311839

מספר פקס:

ראש הקריה האקדמית אונו

 

Ph.D בכלכלה ומימון, New YorkUniversity , MA  בכלכלה, האוניברסיטה העברית. יו"ר ועדת ההשקעות, יו"ר ועדת הביקורת וחבר הדירקטוריון של הראל-פיא, ניהול קרנות נאמנות בע"מ. בעבר מילא תפקידים דומים בחברות לאומי-פיא (בנק לאומי) ולהק (בנק הפועלים).

לשעבר דקן ביה"ס למנהל עסקים וחבר הסגל האקדמי באוניברסיטה העברית בירושלים. שימש גם כראש המרכז להכשרת מנהלים באוניברסיטה העברית במשך שנים רבות. בעבר היה מרצה אורח באוניברסיטאות שונות בחו"ל, בינהן: HarvardUniversity, University of Florida, McGill University and People'sUniversity of China.

 

קורסים המועברים על ידי פרופ' משה בן-חורין:

  •     ניהול תיקי איגרות חוב
  •     אופציות וחוזים עתידיים
  •     הערכת נכסים פיננסיים
  •     ניהול פיננסי

 

 

 

SELCETED PAPERS

 

  • Moshe Ben-Horin and William L. Silber, “Financial Innovations: A Linear Programming Approach,” Journal of Banking and Finance, 1 (1977): 277-296.
  • Moshe Ben-Horin, “A Comment on ‘The Weighted Average Cost of Capital as a Cutoff Rate’,” Financial Management, 8 (Summer 1979): 18-21.
  • Moshe Ben-Horin and Haim Levy, “Total Risk, Diversifiable Risk and Nondiversifiable Risk: A Pedagogic Note,” Journal of Financial and Quantitative Analysis, 15 (June 1980): 289-298.
  • Moshe Ben-Horin, “Alternative Estimators of Rates of Return Distribution Parameters of Financial Assets,” Research in Finance, 3 (1981): 157-176.
  • Jorge R. Calderon-Rossell and Moshe Ben-Horin, “The Behavior of the Foreign Exchange Rates,” Journal of International Business Studies, 13 (Fall 1982): 99-111.
  • Moshe Ben-Horin and Paul Wachtel, “Inflation,” The Encyclopedia of Management, Van Norstad Reinhold Co., (1982): 447-456.
  • Moshe Ben-Horin and Haim Levy, “Evaluating Estimators Using Stochastic Dominance Rules: The Variance of a Normal Distribution,” Communications in Statistics, 11 (1982): 1071-1076.
  • Moshe Ben-Horin, “Discount for Advance Insurance Premium Payment under Conditions of Inflation,” Quarterly Review of Economics and Business, 23 (Spring 1983): 29-34.
  • Moshe Ben-Horin and Haim Levy, “Stochastic Dominance and Parameter Estimation: The Case of Symmetric Stable Distributions,” Insurance: Mathematics and Economics, 3 (1984): 133-138.
  • Moshe Ben-Horin and Haim Levy, “Financial Management in an Inflationary Environment,” Financial Handbook, (6th edition) Wiley and Sons, Inc., (1986): 15.1 –15.41
  • Moshe Ben-Horin and Dror Zuckerman, “The Effect of Unemployment Insurance on Unemployment Duration,” Journal of Labor Economics, 5 (July 1987): 386-390.
  • Moshe Ben-Horin, Shalom Hochman and Oded Palmon, “The 1985 Tax Reform Act and Corporate Policy,” Financial Management, 19 (Autumn 1987): 29-35.
  • Moshe Ben-Horin and Narayanaswamy Sivakumar, “Evaluating Capital Investment Projects,” Managerial and Decision Economics, 9 (December 1988): 263-268.
  • Moshe Ben-Horin and Jeffrey L. Callen, “The Cost of Capital, Macaulay’s Duration and Tobin’s Q,” Journal of Financial Research, 7 (Summer 1989), 143-156.
  • Moshe Ben-Horin and Dror Zuckerman, “Stimulating Job Search through the Unemployment Insurance System,” Operations Research, 38 (March-April 1990): 359-361.
  • Moshe Ben-Horin, “Stochastic Dominance with Truncated Sample Data,” Journal of Financial Research, 8 (Summer 1990): 105-116.
  • Moshe Ben-Horin and Latha Shanker, "The Make or Buy Decision in Capital Budgeting", in Raj Aggarwal (editor), Capital Budgeting under Uncertainty, Prentice Hall, (1993), Chapter 15: 258-272.
  • Moshe Leshno, Yishai Spector and Moshe Ben-Horin, “Stochastic Dominance in an Ordinal World,” European Journal of Operations Research, 93, (1996): 620-626.
  • Olga sulla and Moshe ben-Horin, “Integration of International Capital Markets: The Case of the Israeli Stocks Traded in the United States,” Economic Quarterly (Hebrew), (July 1998): 313-347.
  • Moshe Ben-Horin and Yoram Kroll, "The Profit as a Measure of the Value Creation of the Firm: Alternative Measures of the Economic Value Added" (Hebrew), Quarterly Banking Review, (February 2008): 45-64.
  • Moshe Ben-Horin and Yoram Kroll, "IRR, NPV and PI: Reconciliation". Forthcoming, Journal of Financial Education.

 

 

Books

 

  • Moshe Ben-Horin and Haim Levy, Statistics: Decisions and Applications in Business and Economics, Random House Inc., New York. First edition: 1981, Second edition: 1984. (800 pages).
  • Moshe Ben-Horin and Haim Levy, Business Statistics: Fundamentals and Applications, Random House Inc., New York. 1983. (560 pages).
  • Moshe Ben-Horin, Essentials of Corporate Finance, Allyn&Bacon, Inc., Boston, 1987. (750 pages).
  • Moshe Ben-Horin, Securities and the Capital Market, (Hebrew), Tcherikover, Tel-Aviv, 1996 (780 pages).
  • Moshe Ben-Horin, Securities and the Capital Market: An Update, (Hebrew), Tcherikover, Tel-Aviv, 1998 (52 pages).
  • Moshe Ben-Horin, Principles of Finance and Financial Management, Ono Academic College Publishing, 2009 (605 pages).
 

 

Discussion Papers and Work in Process

 

  • Olga Sulla and Moshe Ben-Horin, “Analysis of Casual Relations and Long- and Short-Term Correspondence between Share Indices in Israel and the United States”, Discussion Papers, Monetary Department, Bank of Israel, (October 2000).
  • Moshe Ben-Horin, "A Test of Merket Efficiency: The Pricing of Bond Convexity". In process.
  • Moshe Ben-Horin, "Estimating Twist Risk in Bonds". In process.
  • Moshe Ben-Horin and Yoram Kroll, "Alternative Measures of the Economic Value Added and the Agency Problem". In process.
  • Moshe Ben-Horin and Yoram Kroll, "The 'Straw Man ' of Multiple IRRs: An Economic Analysis of Noneconventional Investments". Submitted.
 

 

   

PERSONAL INFORMATION

  • Head of ONO Academic College

 

EDUCATION

 

  • BA in Economics and Political Sciences from the Hebrew University, Jerusalem, Israel. 1968.
  • MA in Economics from the Hebrew University, Jerusalem, Israel. 1971.
  • Ph.D. in Finance and Economics from the Graduate School of Business Administration, New York University, 1976
 

 

ACADEMIC POSITIONS

 
  • Dean, Faculty of Business Administration, Ono Academic College, 2004 to 2008.
  • Full time faculty member at Ono Academic College. Head of MBA program and Finance specialization, 2002 to 2004.
  • Associate Professor of Finance (emeritus), School of Business, The Hebrew University, Jerusalem, Israel.
  • Visiting Faculty at the Following Universities:
  • College of Business, University of Florida, Gainesville, Florida, 1976-1978; 1981; 1982.
  • The Faculty of Management, McGill University, Montreal, Canada, 1983; 1984.
  • Jones Graduate School of Business, Rice University, Houston, Texas, 1985-1986.
  • The Peoples’ University of China, Beijing, China, 1985.
  • Harvard Institue for International Development (HIID), Harvard University, Summer 1994, Summer 1995.
  • College of Business, Northeastern University, Boston, Massatchussetts, Summers 1987 through 1994.
  • Graduate School of Business, New York University, Summer 1996.
 

 

PROFESSIONAL EXPERIENCE

 

  • Director of the Center for Management Development at the School of Business Administration, The Hebrew University, Jerusalem, 1982-1984.
  • Head of Finance Specialization, at the School of Business Administration, The Hebrew University, Jerusalem, 1987-1989.
  • Head of the School of Business Administration, The Hebrew University, Jerusalem, 1989-1993.
  • Member of the Board of Directors, LAHAK – Mutual Funds Management, Bank Haapoalim Group, 1991-2000.
  • Chairman, The Investment Committee, LAHAK – Mutual Funds Management, Bank Haapoalim Group, 1992-2000.
  • Member of the Certification Counsel of the Internal Auditors of Israel, 1992-1998.
  • Member, The Anti Drug Agency Council of Israel, 1994-1999.
  • Chairman, Budget Committee, The Anti Drug Agency Council of Israel, 1994-1999.
  • Financial Consulting in the public and private sectors.
  • Member of the Board of Directors, Chairman of the Investment Committee and Chairman of the Stocks Committee, LEUMI-PIA – Mutual Funds Management, Bank Leumi Group, 2000-2006.
  • Member of the Board of Directors, Chairman of the Investment Committee,Chairman of the Stocks Committee and Chairman of the Internal Auditing Committee, HAREL-PIA – Mutual Funds Management, Harel Investment House, 2006 to date.
 

COURSES TAUGHT

 

  • Fundamentals of Finance
  • Financial Management
  • Bond Portfolio Management
  • Options and Futures
  • Securities Valuation
  • Investments
  • International Capital Markets
  • Cases in Financial Management
  • Seminar in Investments and Capital Market
  • Introduction to Statistics
  • Statistics for Business Administration
  • Introduction to Operations Research
 

 

RESEARCH INTERESTS

  • Capital market efficiency
  • Bond pricing
  • Yield curve analysis
  • Issues in financial management

   

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