Dan Galai

Hebrew University of Jerusalem - Jerusalem School of Business Administration

Mount Scopus

Jerusalem, 91905

Israel

SCHOLARLY PAPERS

21

DOWNLOADS
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Top 5,557

in Total Papers Downloads

6,415

CITATIONS
Rank 2,731

SSRN RANKINGS

Top 2,731

in Total Papers Citations

205

Scholarly Papers (21)

1.

Accounting Values versus Market Values and Earnings Management in Banks

Number of pages: 26 Posted: 18 Nov 2003
Dan Galai, Eyal Sulganik and Zvi Wiener
Hebrew University of Jerusalem - Jerusalem School of Business Administration, Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 1,329 (10,679)
Citation 2

Abstract:

earnings management, banks, book values, market values, capital requirements

2.

Liquidation Triggers and the Valuation of Equity and Debt

EFA 2005 Moscow Meetings Paper
Number of pages: 35 Posted: 03 Aug 2005
Dan Galai, Alon Raviv and Zvi Wiener
Hebrew University of Jerusalem - Jerusalem School of Business Administration, Bar-Ilan University - Graduate School of Business Administration and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 1,137 (13,581)
Citation 18

Abstract:

default, bankruptcy, liquidation trigger, debt pricing, distress threshold

The 'Ostrich Effect' and the Relationship between the Liquidity and the Yields of Financial Assets

Number of pages: 27 Posted: 03 Jun 2004
Dan Galai and Orly Sade
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Department of Finance
Downloads 529 (41,908)
Citation 5

Abstract:

Liquidity, Behavioral Finance, Mental Accounting

The 'Ostrich Effect' and the Relationship Between the Liquidity and the Yields of Financial Assets

Journal of Business, Forthcoming
Posted: 02 Jun 2005
Dan Galai and Orly Sade
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Department of Finance

Abstract:

4.

The Option Pricing Model and the Risk Factor of Stock

Journal of Financial Economics (JFE), Vol. 3, No. 1/2, 1976
Number of pages: 29 Posted: 06 Oct 2009
Dan Galai and Ronald W. Masulis
Hebrew University of Jerusalem - Jerusalem School of Business Administration and University of New South Wales - Australian School of Business
Downloads 462 (29,784)
Citation 167

Abstract:

Option pricing, wealth expropriation, nonstationary risk, leverage, investment decisions, financing decisions, conglomerate mergers, mergers, risky debt, levered equity

5.

Multiple Comparisons of Return Distributions: A New Look at the Day-of-the-Week Effect

Number of pages: 20 Posted: 12 Mar 2002
Dan Galai and Haim Kedar-Levy
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Ben Gurion University of the Negev - Guilford Glazer Faculty of Business and Management
Downloads 382 (62,501)
Citation 2

Abstract:

Day of the Week, Multiple Comparison Procedures, Non-Parametric Tests

6.

Seasonality in Outliers of Daily Stock Returns: A Tail that Wags the Dog?

Number of pages: 15 Posted: 19 Aug 2003
Hebrew University of Jerusalem - Jerusalem School of Business Administration, Ben Gurion University of the Negev - Guilford Glazer Faculty of Business and Management and Bank of Israel
Downloads 343 (68,941)
Citation 2

Abstract:

Outliers, Monday Effect, January Effect, Halloween Effect, Month-of-the-Year

7.
Downloads 304 ( 82,495)
Citation 2

Day-of-the-Week Effect in High Moments

Number of pages: 26 Posted: 29 Mar 2005
Dan Galai and Haim Kedar-Levy
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Ben Gurion University of the Negev - Guilford Glazer Faculty of Business and Management
Downloads 283 (88,980)
Citation 2

Abstract:

Day of the week, high moments, corporate announcements

Day-of-the-Week Effect in High Moments

Financial Markets, Institutions & Instruments, Vol. 14, No. 3, pp. 169-186, August 2005
Number of pages: 18 Posted: 09 Aug 2005
Dan Galai and Haim Kedar-Levy
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Ben Gurion University of the Negev - Guilford Glazer Faculty of Business and Management
Downloads 21 (459,232)
Citation 2
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Abstract:

8.

Volatility-Decay Risk Premia

The Journal of Derivatives, Forthcoming, 2014
Number of pages: 34 Posted: 23 Jun 2012 Last Revised: 24 May 2014
Hebrew University of Jerusalem - Jerusalem School of Business Administration, Ben Gurion University of the Negev - Guilford Glazer Faculty of Business and Management and Bank of Israel
Downloads 258 (83,453)

Abstract:

Volatility risk premium, Jump risk premium, Options strategies, Gamma hedging ‎

9.

A Balance Sheet Approach for Sovereign Debt

Number of pages: 23 Posted: 14 Jan 2011
Hebrew University of Jerusalem - Jerusalem School of Business Administration, Hebrew University of Jerusalem - Department of Finance and Banking, Bar-Ilan University - Graduate School of Business Administration and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 251 (96,054)
Citation 1

Abstract:

currency crisis, exchange rate, sovereign debt, jump diffusion, asset pricing

10.

Auctioning Sovereign Bonds: A Global Cross-Section Investigation of the Price Mechanism

EFA 2006 Zurich Meetings Paper
Number of pages: 32 Posted: 21 Feb 2007
Menachem Brenner, Dan Galai and Orly Sade
New York University (NYU) - Department of Finance, Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Department of Finance
Downloads 227 (105,626)

Abstract:

Uniform auction, discriminatory auction, treasury bonds, Tbills

11.
Downloads 212 (120,659)
Citation 1

Credit Risk Spreads in Local and Foreign Currencies

IMF Working Paper No. 09/110
Number of pages: 21 Posted: 30 Jun 2009
Dan Galai and Zvi Wiener
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 126 (190,405)
Citation 1

Abstract:

Asset prices, Bonds, Capital markets, Corporate sector, Credit risk, Currencies, Debt, Debt restructuring, Economic models, Exchange rates, Sovereign debt

Credit Risk Spreads in Local and Foreign Currencies

Number of pages: 10 Posted: 04 Mar 2008
Dan Galai and Zvi Wiener
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 86 (250,124)
Citation 1

Abstract:

credit spread, foreign debt, Merton's model

12.

Stakeholders and the Composition of the Voting Rights of the Board of Directors

Number of pages: 23 Posted: 28 Jan 2008
Dan Galai and Zvi Wiener
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 176 (138,554)
Citation 2

Abstract:

corporate governance, stakeholders, board of directors, contingent claims

13.

Embedded Insights from an OTC FX Options Market: Key Players, Investment Strategies and Their Impact on Bid-Ask Spreads and Implied Volatilities

Number of pages: 37 Posted: 07 Oct 2008
Dan Galai and Ben Z. Schreiber
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Bank of Israel
Downloads 167 (144,877)

Abstract:

bid-ask spreads, implied volatility, currency options, markets micro-structure

14.

Endogenizing Bidder’s Choice in Financial Assets Auctions – An Experimental Investigation

NYU Working Paper No. FIN-07-011
Number of pages: 34 Posted: 03 Nov 2008 Last Revised: 18 Oct 2009
Menachem Brenner, Dan Galai and Orly Sade
New York University (NYU) - Department of Finance, Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Department of Finance
Downloads 62 (296,323)

Abstract:

15.

Credit Risk and Dividend Irrelevance

Number of pages: 29 Posted: 23 Apr 2015
Dan Galai and Zvi Wiener
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 42 (187,437)

Abstract:

credit spread, dividend policy, Merton’s model

16.

Government Support of Investment Projects in the Private Sector: A Microeconomic Approach

Financial Management, Vol. 32, No. 3, 2003
Number of pages: 18 Posted: 10 Jan 2005
Dan Galai and Zvi Wiener
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 12 (486,121)
Citation 3
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Abstract:

17.

Loan Commitments

Number of pages: 20 Posted: 30 Sep 2015
Dan Galai and Zvi Wiener
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 0 (423,926)

Abstract:

loan commitment, MAC clause, contingent claims analysis, Merton model

18.

Sovereign Debt Auctions: Uniform or Discriminatory?

Journal of Monetary Economics, Vol. 56, No. 2, 2009
Posted: 28 Apr 2009
Menachem Brenner, Dan Galai and Orly Sade
New York University (NYU) - Department of Finance, Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem - Department of Finance

Abstract:

Uniform auction, Discriminatory auction, Treasury bonds, T-bills

19.

Hedging With A Volatility Term Structure

THE JOURNAL OF DERIVATIVES, Vol 2 No 3, Spring 1995
Posted: 04 Nov 1998
Michel Crouhy and Dan Galai
Canadian Imperial Bank of Commerce - Risk Management and Hebrew University of Jerusalem - Jerusalem School of Business Administration

Abstract:

20.

Taxes, M-M Propositions and Government's Implicit Cost of Capital in Investment Projects in the Private Sector

European Financial Management, Vol 4, No 2, July 1998
Posted: 06 Mar 1998
Dan Galai
Hebrew University of Jerusalem - Jerusalem School of Business Administration

Abstract:

21.

Economic Evaluation of Remuneration from Patents and Technology Transfers

THE INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, Vol. 4, No. 2
Posted: 15 Jan 1997
Dan Galai and Yael Ilan
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Hebrew University of Jerusalem

Abstract: