Uzi Yaari

Rutgers University

Professor of Finance

School of Business

Camden, NJ 08102

United States

http://camden-sbc.rutgers.edu/FacultyStaff/Directory/yaari.htm

School of Business-Camden

Professor of Finance

Rutgers University

227 Penn Street

Camden, NJ 08102

United States

http://camden-sbc.rutgers.edu/FacultyStaff/Directory/yaari.htm

SCHOLARLY PAPERS

33

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1,651

CITATIONS
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Top 16,265

in Total Papers Citations

21

Scholarly Papers (33)

1.

Consistent Valuation Cash Flow

Number of pages: 21 Posted: 12 Mar 2012 Last Revised: 11 Oct 2013
Rutgers University, Rutgers University, Rutgers, The State University of New Jersey - Accounting and City University of New York, CUNY City College of New York - Department of Economics
Downloads 358 (80,822)

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Financial Reporting, Free Cash Flow, Net Working Capital, Cost of Capital, Corporate Valuation

2.

Beta Estimation with Stock Return Outliers: The Case of U.S. Pharmaceutical Companies

Number of pages: 34 Posted: 29 May 2009 Last Revised: 08 Jun 2009
Texas A&M University-Corpus Christi-College of Business, Cyprus University of Technology and Rutgers University
Downloads 344 (84,694)

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stock beta estimation, OLS vs. Robust M beta estimation, equity cost of capital, pharmaceutical industry

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
Ben-Gurion University of the Negev - School of Management, Independent and Rutgers University
Downloads 257 (116,072)
Citation 2

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

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
Interdisciplinary Center (IDC) Herzliya - Arison School of Business, Ben-Gurion University of the Negev - School of Management and Rutgers University
Downloads 193 (153,382)
Citation 1

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

Safer Margins for Option Trading: How Accuracy Promotes Efficiency

Multinational Finance Journal, Vol. 15, No. 3/4, p. 217-234, 2011
Number of pages: 18 Posted: 25 Jun 2015
Interdisciplinary Center (IDC) Herzliya - Arison School of Business, ONO Academic Collge and Rutgers University
Downloads 13 (572,030)
Citation 1

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option margins; option default risk; market efficiency; SPAN system

5.

Market Insurance Versus Self Insurance: The Tax-Differential Treatment and its Social Cost

The Journal of Risk and Insurance, Vol. 58, No. 4, pp. 657-669, December 1991
Number of pages: 13 Posted: 21 Feb 2008 Last Revised: 21 Apr 2014
Temple University - Risk Management & Insurance & Actuarial Science, Bar-Ilan University - Department of Management, Rutgers University and Technion-Israel Institute of Technology - The William Davidson Faculty of Industrial Engineering & Management
Downloads 50 (379,758)

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self insurance, premium tax deductibility, insurance tax policy, public policy

6.

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
Ben-Gurion University of the Negev - School of Management, Rutgers University, Israel Securities Authority and Affiliation Unknown (Deceased)
Downloads 45 (396,766)

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

7.

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
EDHEC Business School, Ben-Gurion University of the Negev - School of Management and Rutgers University
Downloads 37 (426,943)

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

8.

Valuation of Safe Harbor Tax Benefit Transfer Leases

Journal of Finance, Vol. 38, No. 2, pp. 595-606, May 1983
Number of pages: 13 Posted: 19 Feb 2008 Last Revised: 08 Oct 2013
Frank J. Fabozzi and Uzi Yaari
EDHEC Business School and Rutgers University
Downloads 26 (476,754)

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financial leases, lease valuation, corporate taxation

9.

How Taxes Transform Corporate Acquisitions into Asset Arbitrage

Research in Finance, v. 10, pp. 173-203,1992, JAI Press Inc., March 1992 (JAI Press Inc., ISBN 1-55938-424-7)
Number of pages: 31 Posted: 12 Oct 2013
Saint Joseph's University, EDHEC Business School and Rutgers University
Downloads 23 (493,019)

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Mergers & Acquisitions, Tax Evasion, Monopolization

10.

Stock Repurchase as a Tax-Saving Distribution

Journal of Financial Research, Vol. 4, No. 1, pp. 69-79, Spring 1981
Number of pages: 11 Posted: 14 Feb 2008 Last Revised: 08 Oct 2013
Dan Palmon and Uzi Yaari
Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers University
Downloads 23 (493,019)
Citation 1

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stock repurchase, stock buyback, tax-saving distribution

11.

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 (493,019)
Citation 6

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dual listing, multiple stock listing, international portfolio

12.

Pecking Order as a Dynamic Leverage Theory

European Journal of Finance, Vol. 4, pp. 157-183, June 1998
Number of pages: 27 Posted: 28 Jan 2008 Last Revised: 08 Oct 2013
University of Massachusetts Amherst - Department of Finance, Rutgers, The State University of New Jersey - Management Science & Information Systems and Rutgers University
Downloads 22 (498,631)
Citation 1

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financial leverage strategy, dynamic diffusion model, pecking order theory, financial leverage estimation

13.

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 (498,631)

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

14.

Retention and Tax Avoidance: A Clarification

Financial Management, Vol. 10, No. 1, pp. 29-33, Spring 1981
Number of pages: 7 Posted: 10 Feb 2008 Last Revised: 08 Oct 2013
Dan Palmon and Uzi Yaari
Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers University
Downloads 19 (515,656)
Citation 1

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retained earnings, payout policy, dividend tax, shareholders capital gains tax, tax avoidance

15.

Optimum Corporate Leverage with Risky Debt: A Demand Approach

The Journal of Financial Research, Vol. 12, No. 2, pp. 129-142, Summer 1989
Number of pages: 14 Posted: 19 Feb 2008 Last Revised: 20 Apr 2014
Temple University, EDHEC Business School and Rutgers University
Downloads 18 (521,334)

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optimal capital structure, static theory of capital structure

16.

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 (521,334)

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

17.

The Efficacy of Term Structure Estimation Technique: A Monte Carlo Study

The Journal of Fixed Income, Vol. 2, No. 1, pp. 52-63, March 1992
Number of pages: 12 Posted: 05 Mar 2008 Last Revised: 08 Oct 2013
Independent, Massey University - Department of Commerce and Rutgers University
Downloads 17 (526,995)

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government forward rates, term structure estimation methods, risk-free interest rates

18.

Financial Leverage Strategy with Transaction Costs

Applied Mathematical Finance, Vol. 3, pp. 191-208, 1996
Number of pages: 18 Posted: 28 Jan 2008 Last Revised: 08 Oct 2013
Charles Bagley and Uzi Yaari
University of Massachusetts Amherst - Department of Finance and Rutgers University
Downloads 17 (526,995)
Citation 1

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financial leverage strategy, dynamic diffusion model, pecking order theory, financial leverage estimation

19.

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 16 (532,691)

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

Unions, Default Risk, and Pension Underfunding

Journal of Economics and Business, Vol. 40, p. 239, 1988
Number of pages: 4 Posted: 11 Aug 2013 Last Revised: 08 Oct 2013
Martin Cherkes and Uzi Yaari
NYU and Rutgers University
Downloads 12 (578,598)

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pesion underfunding, unions, hold-up

Unions, Default Risk, and Pension Underfunding

Journal of Economics and Business,Vol. 40, No. 3, pp. 239-242, August 1988
Posted: 28 Feb 2008 Last Revised: 01 Jul 2011
Martin Cherkes and Uzi Yaari
NYU and Rutgers University

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corporate pension plans, defined-benefits plans, unions, default risk

21.

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 (556,042)

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

22.

Deposit Interest Ceiling and the Cost of Bank Borrowing

Eastern Economic Journal, Vol. 6, No. 2, pp. 119-130, April 1980
Number of pages: 12 Posted: 07 Mar 2008 Last Revised: 08 Oct 2013
Robert L. Greenfield and Uzi Yaari
Fairleigh-Dickinson University - Silberman College of Business and Rutgers University
Downloads 11 (561,934)

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deposit interest ceiling, bank borrowing cost, bank competition, bank regulation

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 (561,934)

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

24.

How to Diversify the Tax-Sheltered Equity Fund

Advanced in Investment Analysis and Portfolio Management, Vol. 1, pp. 117-125, 1991
Number of pages: 9 Posted: 09 Mar 2008 Last Revised: 20 Apr 2014
EDHEC Business School, Temple University and Rutgers University
Downloads 10 (567,878)
Citation 1

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tax-sheltered equity portfolio, tax-sheltered diversification, open-end investment fund

25.

Stock Prices Under Inflation with Taxation of Nominal Gains

The Financial Review, Vol. 15, No. 1, pp. 38-54, Spring 1980
Number of pages: 17 Posted: 03 Mar 2008 Last Revised: 08 Oct 2013
Uzi Yaari, Dan Palmon and Matityahu Marcus
Rutgers University, Rutgers, The State University of New Jersey - Accounting & Information Systems and Independent
Downloads 10 (567,878)
Citation 3

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stock valuation, inflation and share valuation, personal taxation, capital gains tax, corporate investment

26.

How a Closed-End Fund Can Outperform Its Own Stock Portfolio

The International Journal of Finance, Vol. 1, No. 1, Autumn 1988
Number of pages: 14 Posted: 21 Feb 2008 Last Revised: 08 Oct 2013
Matityahu Marcus and Uzi Yaari
Independent and Rutgers University
Downloads 10 (567,878)

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corporate taxation, corporate valuation, investment companies, closed-end funds, gainful arbitrage

27.

Taxation of Capital Gains and the Behavior of Stock Prices Over the Dividend Cycle

The American Economist, Vol. 27, No. 1, pp. 13-22, Spring 1983
Number of pages: 10 Posted: 06 Feb 2008 Last Revised: 08 Oct 2013
Dan Palmon and Uzi Yaari
Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers University
Downloads 9 (573,864)
Citation 1

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stock price over the dividend cycle, stock pricing with personal taxes, stock bid-ask price spread, ex-dividend trading, stock market efficiency

28.

Share Values, Inflation, and Escalating Tax Rates

Journal of Banking and Finance, Vol. 5, No. 3, pp. 395-403, September 1981
Number of pages: 9 Posted: 24 Feb 2008 Last Revised: 08 Oct 2013
Dan Palmon and Uzi Yaari
Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers University
Downloads 8 (579,807)

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stock valuation, shareholder taxation, corporate taxation, inflation and escalating taxes, government tax policy, economic growth

29.

Personal Taxes and the Fair Rate of Return Doctrine

Financial Review, Vol. 18, No. 2, pp. 167-174, May 1983
Number of pages: 8 Posted: 29 Feb 2008 Last Revised: 08 Oct 2013
Dan Palmon and Uzi Yaari
Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers University
Downloads 6 (592,004)
Citation 1

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regulated public utilities, rate setting, public policy

30.

Why IRA and Keogh Plans Should Avoid Growth Stocks

The Journal of Financial Research, Vol. 8, No. 3, pp. 203-215, Fall 1985
Number of pages: 13 Posted: 19 Feb 2008 Last Revised: 08 Oct 2013
Uzi Yaari and Frank J. Fabozzi
Rutgers University and EDHEC Business School
Downloads 6 (592,004)
Citation 1

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investment for retirement, pansion plan, tax-sheltered stock portfolio, growth vs. income stocks

31.

Growth and the Decision to Incorporate: A Financial Theory of the U.S. Tax System

Research in Finance, Vol. 6, pp. 29-48, 1986
Number of pages: 22 Posted: 13 Mar 2008 Last Revised: 13 Oct 2013
Matityahu Marcus, Dan Palmon and Uzi Yaari
Independent, Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers University
Downloads 5 (598,203)
Citation 1

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income taxes, taxation of business-source income, corporation vs. proprietary, shareholder taxation

32.

Finance Methodology of Free Cash Flow

Posted: 20 Mar 2016 Last Revised: 18 May 2016
Rutgers University, Rutgers University, Rutgers, The State University of New Jersey - Accounting and City University of New York, CUNY City College of New York - Department of Economics

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financial reporting, free cash flow, net working capital, cost of capital, corporate valuation, investment decision

33.

Taxation of Capital Gains with Deferred Realization

National Tax Journal, Vol. 42, No. 4, pp. 475-485, December 1989
Posted: 31 Jan 2008 Last Revised: 16 Mar 2008
Saint Joseph's University, EDHEC Business School and Rutgers University

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growth stocks, shareholder effective capital gains tax, capital gains tax deferment, cost of capital, share valuation, payout policy