 |
| Itzhak Venezia Yale School of Management Phone (203) 436-0666 |
|
ITZHAK VENEZIA Visiting Professor, Department of Finance Teaching Areas: Corporate Finance, Risk Management, Futures and Options, Security Analysis, Investments, Banking and Financial Institutions. Research Areas: Signaling Effects of Financial Decisions, Experimental Tests of Financial Behavior, Patterns of Behavior of Investors, Liquidity and the Theory of Financial Intermediation. Personal Data: Degrees: Academic Positions Held 1974 - present 2001 - 2002 2000 - 2001 1995 - 1996 1989 - 1991 1985 - 1986 1981 - 1982 1978 - 1979 Professional and Service Activities Associate Editor, The Journal of Banking and Finance Refereed for: American Economic Review, The Journal of Finance, Journal of Financial Research, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Management Science, International Economic Review, The Journal of Risk and Insurance, , and others. Academic Advisory Board, Wells Capital Management (a division of Wells Fargo Bank) Chairman, Insurance Committee, Hebrew University (1992-1995) Board of Directors, Gmul, Pension Fund for Academics in the Israeli Civil Service Investment Committee, Gmul, Pension Fund for Academics in the Israeli Civil Service Board of Directors, Sigma P.C.M (1992) Publications 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”, Forthcoming, The Accounting Journal (Israel) , 2002, (with Sasson Bar-Yosef) |
