Shmuel Hauser

Ben-Gurion University of the Negev - School of Management

Senior Lecturer

P.O. Box 653

Beer-Sheva 84105

Israel

Government of the State of Israel - Israel Securities Authority

Chief Economist

22 Kanfei Nesharim Street

Jerusalem 95464

Israel

SCHOLARLY PAPERS

27

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4,038

SSRN RANKINGS

Top 4,806

in Total Papers Citations

109

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Scholarly Papers (27)

1.

The Value of Voting Rights to Majority Shareholders: Evidence from Dual Class Stock Unifications

EFA 2003 Annual Conference Paper No. 148; ECGI - Finance Working Paper No. 33/2004
Number of pages: 35 Posted: 19 Jul 2003
Shmuel Hauser and Beni Lauterbach
Ben-Gurion University of the Negev - School of Management and Bar-Ilan University - Graduate School of Business Administration
Downloads 1,422 (12,338)

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Value of vote, majority shareholders, dual class stocks, closely held companies

2.

Allocations, Adverse Selection and Cascades in Ipos: Evidence from the Tel Aviv Stock Exchange

NYU Stern Department of Finance No. FIN-01-017
Number of pages: 40 Posted: 14 Dec 2001
Yakov Amihud, Shmuel Hauser and Amir Kirsh
New York University - Stern School of Business, Ben-Gurion University of the Negev - School of Management and Tel Aviv University - School of Computer Sciences
Downloads 436 (64,389)

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Initial public offerings, IPO underpricing

3.

Investing in Emerging Stock Markets: Is it Worthwhile Hedging Foreign Exchange Risk?

Journal of Portfolio Management, Vol. 20, No. 3, pp. 76-81, 1994
Number of pages: 6 Posted: 04 Feb 2008 Last Revised: 08 Oct 2013
Shmuel Hauser, Matityahu Marcus and Uzi Yaari
Ben-Gurion University of the Negev - School of Management, Independent and Rutgers University
Downloads 257 (116,711)

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international stock portfolio, hedging foreign exchange risk, international capital markets

4.

The Impact of Minimum Trading Units on Stock Value and Price Volatility

EFMA 2002 London Meetings
Number of pages: 29 Posted: 19 Jun 2002
Shmuel Hauser and Beni Lauterbach
Ben-Gurion University of the Negev - School of Management and Bar-Ilan University - Graduate School of Business Administration
Downloads 257 (116,711)

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5.

On the 'Value' of Firm Valuation by Financial Experts

Number of pages: 33 Posted: 17 Aug 2005
Dan Elnathan, Ilanit Gavious and Shmuel Hauser
The College of Management (Israel), Ben-Gurion University of the Negev and Ben-Gurion University of the Negev - School of Management
Downloads 246 (122,036)

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Corporate governance; Firm valuation; Financial experts; Insiders

Safer Margins for Option Trading: How Accuracy Promotes Efficiency

Journal of Multinational Financial Management, Vol. 15, No. 3/4, 2011
Number of pages: 18 Posted: 09 Apr 2008 Last Revised: 11 Oct 2013
Rafi (Rafael) Eldor, Shmuel Hauser and Uzi Yaari
Interdisciplinary Center (IDC) Herzliya - Arison School of Business, Ben-Gurion University of the Negev - School of Management and Rutgers University
Downloads 195 (152,671)

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derivative margins, option margins, SPAN system, option leverage, option default risk, market efficiency

7.

The Effect of Trading Halts on the Speed of Price Discovery

Number of pages: 29 Posted: 29 Mar 2005
Ben-Gurion University of the Negev - School of Management, Ben Gurion University of the Negev - Guilford Glazer Faculty of Business and Management, Israel Securities Authority and Israel Securities Authority
Downloads 204 (146,472)

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Trading halts, speed of price discovery

8.

Market Design and the Efficiency of a Stock Market Under Liquidity Stress

Number of pages: 66 Posted: 21 Mar 2009
Shmuel Hauser, Itzhak Shurki and Avraham Kamara
Ben-Gurion University of the Negev - School of Management, Israel Securities Authority and University of Washington - Michael G. Foster School of Business
Downloads 169 (173,730)

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Market design, preopening and opening prices, informational efficiency, options expirations, manipulation, international equity market

Allocations, Adverse Selection and Cascades in Ipos Evidence from Israel

NYU Working Paper No. FIN-01-017
Number of pages: 42 Posted: 03 Nov 2008
Yakov Amihud, Shmuel Hauser and Amir Kirsh
New York University - Stern School of Business, Ben-Gurion University of the Negev - School of Management and Tel Aviv University - School of Computer Sciences
Downloads 87 (287,382)

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Allocations, Adverse Selection and Cascades in Ipos: Evidence from Israel

NYU Working Paper No. S-FI-01-08
Number of pages: 42 Posted: 11 Nov 2008
Yakov Amihud, Shmuel Hauser and Amir Kirsh
New York University - Stern School of Business, Ben-Gurion University of the Negev - School of Management and Tel Aviv University - School of Computer Sciences
Downloads 70 (327,351)

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10.
Downloads 126 (220,866)

The Price of Options Illiquidity

NYU Working Paper No. FIN-99-086
Number of pages: 32 Posted: 11 Nov 2008
Menachem Brenner, Rafi Eldor and Shmuel Hauser
New York University (NYU) - Department of Finance, affiliation not provided to SSRN and Ben-Gurion University of the Negev - School of Management
Downloads 88 (285,292)

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The Price of Options Illiquidity

Journal of Finance, Vol. 56, No. 2, 2001
Number of pages: 18 Posted: 01 Jan 2014
New York University (NYU) - Department of Finance, Interdisciplinary Center (IDC) Herzliya - Arison School of Business and Ben-Gurion University of the Negev - School of Management
Downloads 38 (434,140)

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Options, Liquidity, Non-tradable

11.

Financial Markets and Terrorism: The Perspective of the Two Sides of the Conflict

Journal of Business Administration Research, Vol. 1, 18-29, 2012
Number of pages: 12 Posted: 25 Nov 2013
Interdisciplinary Center (IDC) Herzliya - Arison School of Business, Ben-Gurion University of the Negev - School of Management, Ono Academic College Israel and Ono Academic College
Downloads 113 (239,411)

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Terror attack, Terrorism, Stock markets

12.

The Nontradability Premium of Derivatives Contracts

Journal of Business, Vol. 79, No. 5, September 2006
Number of pages: 48 Posted: 13 Jun 2005
Interdisciplinary Center (IDC) Herzliya - Arison School of Business, Ben-Gurion University of the Negev - School of Management, Independent and University of Washington - Michael G. Foster School of Business
Downloads 105 (252,166)

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13.

The Contribution of Market Makers to Liquidity and Efficiency of Options Trading in Electronic Markets

Journal of Banking and Finance, Vol. 30, 2006
Number of pages: 16 Posted: 29 Nov 2013
Interdisciplinary Center (IDC) Herzliya - Arison School of Business, Ben-Gurion University of the Negev - School of Management, Israel Securities Authority and Government of the State of Israel - Israel Securities Authority
Downloads 61 (347,663)

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Market makers; Trading efficiency; Liquidity

14.

Liquidity Might Come at Cost: The Role of Heterogeneous Preferences

Journal of Financial Markets, Forthcoming
Number of pages: 56 Posted: 21 Feb 2018 Last Revised: 21 Mar 2018
Shmuel Hauser and Haim Kedar-Levy
Ben-Gurion University of the Negev - School of Management and Ben Gurion University of the Negev - Guilford Glazer Faculty of Business and Management
Downloads 55 (365,591)

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Heterogeneity, Discount Rate Risk, Turnover, Liquidity, Sharpe-Ratio

15.

Initial Public Offering Discount and Competition

Journal of Law and Economics, Vol. 49, No. 1, pp. 331-351, April 2006
Number of pages: 21 Posted: 07 Dec 2005 Last Revised: 08 Oct 2013
Shmuel Hauser, Uzi Yaari, Yael Tanchuma and Harold Baker
Ben-Gurion University of the Negev - School of Management, Rutgers University, Israel Securities Authority and Affiliation Unknown (Deceased)
Downloads 45 (398,660)

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IPO mechanism, IPO competition, IPO price discount, IPO initial return

16.

Price Discovery during Parallel Stocks and Options Preopening: Information Distortion and Hints of Manipulation

Number of pages: 41 Posted: 15 May 2014 Last Revised: 09 Feb 2018
Shmuel Hauser, Haim Kedar-Levy and Orit Milo
Ben-Gurion University of the Negev - School of Management, Ben Gurion University of the Negev - Guilford Glazer Faculty of Business and Management and affiliation not provided to SSRN
Downloads 41 (413,171)

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Price discovery; Manipulation; Preopening; Liquidity

17.

Early Exercise of Foreign Currency Options: Determinants of American Premium and the Critical Exchange Rate

Advances in Futures and Options Research, Vol. 4, pp. 219-236, 1990
Number of pages: 18 Posted: 04 Mar 2008 Last Revised: 08 Oct 2013
Frank J. Fabozzi, Shmuel Hauser and Uzi Yaari
EDHEC Business School, Ben-Gurion University of the Negev - School of Management and Rutgers University
Downloads 37 (428,969)

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foreign exchange option models, currency options, gainful early exercise, profit opportunities, exchange rate, international interest rates, international lending, trade financing

18.

International Transfer of Pricing Information between Dually Listed Stocks

Journal of Financial Research, Vol. 21, No. 2, pp. 139-157, Summer 1998
Number of pages: 19 Posted: 09 Apr 1998 Last Revised: 08 Oct 2013
Shmuel Hauser, Yael Tanchuma and Uzi Yaari
Ben-Gurion University of the Negev - School of Management, Israel Securities Authority and Rutgers University
Downloads 23 (495,257)

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dual listing, multiple stock listing, international portfolio

19.

Trading Frequency and Implied Transaction Costs of Foreign Exchange Options

ADVANCES IN FUTURES AND OPTIONS RESEARCH, Vol. 7, pp. 37-45, 1994
Number of pages: 9 Posted: 19 Jul 2001 Last Revised: 08 Oct 2013
Shmuel Hauser, Azriel Levy and Uzi Yaari
Ben-Gurion University of the Negev - School of Management, Hebrew University of Jerusalem and Rutgers University
Downloads 22 (500,960)

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trading frequency, non-dealer security markets, price discovery, portfolio effect, return volatility

20.

Immunization Strategy for Multinational Fixed-Income Investments

Managing Global Currency Risk, pp. 143-152, 1997
Number of pages: 10 Posted: 24 Feb 2008 Last Revised: 08 Oct 2013
Shmuel Hauser, Azriel Levy and Uzi Yaari
Ben-Gurion University of the Negev - School of Management, Hebrew University of Jerusalem and Rutgers University
Downloads 18 (523,875)

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fixed-income immunization, hedging currency risk, hedging interest-rate risk, multinational investment portfolio

21.

Hedging Strategies of Financial Intermediaries: Pricing Options with a Bid-Ask Spread

The Financial Review, Vol. 30, No. 4, pp. 809-822, November 1995
Number of pages: 14 Posted: 19 Feb 2008 Last Revised: 08 Oct 2013
Shmuel Hauser, Azriel Levy and Uzi Yaari
Ben-Gurion University of the Negev - School of Management, Hebrew University of Jerusalem and Rutgers University
Downloads 18 (523,875)

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option pricing, hedging portfolio, portfolio adjustment frequency, transaction costs

22.

Trading Frequency and the Efficiency of Price Discovery in a Non-Dealer Market

European Journal of Finance, Vol. 7, No. 3, pp. 187-197, September 2001
Number of pages: 11 Posted: 30 Jan 2008 Last Revised: 08 Oct 2013
Shmuel Hauser, Azriel Levy and Uzi Yaari
Ben-Gurion University of the Negev - School of Management, Hebrew University of Jerusalem and Rutgers University
Downloads 12 (558,878)

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trading frequency, non-dealer security market, price discovery, portfolio effect, return volatility

23.

International Hedge of Fixed-Income Contracts

Journal of Portfolio Management, Vol. 27, No. 2, pp. 91-100, Winter 2001
Number of pages: 10 Posted: 05 Feb 2008 Last Revised: 08 Oct 2013
Ben-Gurion University of the Negev - School of Management, Technion-Israel Institute of Technology - The William Davidson Faculty of Industrial Engineering & Management, Technion-Israel Institute of Technology - The William Davidson Faculty of Industrial Engineering & Management and Rutgers University
Downloads 11 (564,899)

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fixed-income contracts, international hedge, duration match, immunization

24.

Efficiency of Price Discovery in Thinly Traded Stocks: Evidence from Dual Listings in Tel Aviv and the OTC

Multinational Finance Journal, Vol. 2, No. 2, p. 133-149, 1998
Number of pages: 17 Posted: 17 Jul 2015
Shmuel Hauser and Azriel Levy
Ben-Gurion University of the Negev - School of Management and Hebrew University of Jerusalem
Downloads 8 (583,215)

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continuous trading; discrete trading; pricing efficiency; Tel Aviv Stock Exchange; trading mechanism

25.

Market Response to Liquidity Improvements: Evidence from Exchange Listings

Financial Review, February 2000
Posted: 01 Feb 2000
Elyas Elyasiani, Shmuel Hauser and Beni Lauterbach
Temple University - Department of Finance, Ben-Gurion University of the Negev - School of Management and Bar-Ilan University - Graduate School of Business Administration

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26.

A Characterization of the Price Behaviour of International Dual Stocks: An Error Correction Approach

Center for Economic Studies Working Paper at University of Munich, Number 104
Posted: 28 Jun 1998
Uri Ben-Zion, Shmuel Hauser and Offer Lieberman
Technion-Israel Institute of Technology - The William Davidson Faculty of Industrial Engineering & Management, Ben-Gurion University of the Negev - School of Management and Technion-Israel Institute of Technology - The William Davidson Faculty of Industrial Engineering & Management

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27.

Contestability and Pay Differential in the Executive Suites

European Financial Management
Posted: 20 Jan 1998
James S. Ang, Shmuel Hauser and Beni Lauterbach
Florida State University, Ben-Gurion University of the Negev - School of Management and Bar-Ilan University - Graduate School of Business Administration

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