The Division for Development and Public Relations     DAN  GALAI,  ABE GRAY PROFESSOR OF BUSINESS ADMINISTRATION  Status : ACTIVE Birth place : TEL AVIV Office Phone: 02-588-3228 Fax: 02-588-1341 E-Mail: bs-dean@savion.huji.ac.il U.R.L: http://bschool.huji.ac.il/new/showPerson.php?lang=EN&id=26   Department Faculty   JERUSALEM SCHOOL OF BUSINESS ADM Dept. Description   Academic Degree   Institution Year Ph.D. UNIV. OF CHICAGO 1975   Academic Position   Year PROFESSOR 1990 ASSOC. PROFESSOR 1984 SENIOR LECTURER 1979 LECTURER 1975   Administrative Position   From To Dean, Jerusalem School of Business Administration 2009 2012   External Academic Positions Lecturer, Univ. of Chicago, 1973-74 Visiting Lecturer, UC at Berkeley, 1974 Visiting Assoc. Prof., 1978-81, Visiting Prof., 1983-84, 19- 86, UCLA Visiting Prof., INSEAD, 1991-92 Memberships and Fellowships: Euro. Finance Assn.; Amer. Finance Assn. Awards and Honors: Pomerance Prize, 1977   Research Interests Valuation and efficiency in the option markets. Israeli financial markets. Banking and financial intermediation. Corporate finance.   Research Projects An economic evaluation of remuneration for patents and technology Project selection: effector of judgmental errors, managerial   Selected Publications Publication Title   Year Credit risk spreads in local and foreign currencies. (Published 2012 Sovereign debt auctions: Uniform or discriminatory? 2009 Stakeholders and the composition of the voting rights of the 2008 Liquidation triggers and the valuation of equity and debt. 2007 The "ostrich effect" and the relationship between the liquidity 2006 Government support of investment projects in the private sector: 2003 The Business Plan Process. Third Edition. (First Edition 2003 Internal risk rating systems. In: 2002 Prototype risk rating system. 2001 Model selection for operational risk. In: 2001 A comparative analysis of current credit risk models. 2000 Operational risk. In: 2000 Exclusive vs. independent agents: A separating equilibrium 1999 Evaluating credit risk: An option pricing approach. In: 1999 A comparison between the BIS 'Standardized Approach' and the 1999 Credit risk revisited. 1998 Model risk. (Reprinted in Model Risk: Concepts, Calibration 1998 The New 1998 Regulatory Framework for Capital Adequacy: 1998 Key steps in building consistent operational risk measurement 1998 Black-Scholes approximation of complex option values: The cases 1997 Options on volatility. In: 1997 Accounting aspects of short selling. 1996 Aspects of Short Selling. Cassirer Institute (Hebrew). 1996 Hedging with a volatility term structure. 1995 Black-Scholes approximation of warrant prices. 1995 Stochastic equity volatility related to the leverage effect II: 1995 Behavior of stock prices on the Tel Aviv Stock Exchange: 1995 Economic evaluation of remuneration from patents and technology 1995 Stochastic equity volatility related to the leverage effect: 1994 Stochastic equity volatility and the capital structure of the 1994 The interaction between the financial and investment decisions 1994 The social welfare aspects and market impact of options trading: 1993 Hedging volatility in foreign currencies. 1993   © All rights reserved to The Hebrew University of Jerusalem