Aharon Ofer
Aharon Ofer

FINANCE
Professor of Finance

Print Overview

Professor of Finance Aharon Ofer has been a visiting professor of finance at the Kellogg Graduate School of Management since 1983. He is also a full professor in the Graduate School of Business at Tel Aviv University. At Kellogg, Professor Ofer teaches courses in corporate finance.

His research interests are in the areas of investments and corporate finance. He has received grants for research from the Bradley Foundation, Kellogg's Banking Research Center, the Israel Institute of Business Research, and the Pinhas Sapir Center for Development.

Professor Ofer is an author of more than 25 papers published in academic journals, including the Journal of Finance, the Journal of Banking and Finance, the Review of Financial Studies, Decision Science, and The Accounting Review. He also serves as a referee for journals in finance and accounting. He has often presented papers at conferences, especially at meetings of the European, Western, and American Finance Associations. His professional activities include chairing the Finance and Accounting Group at Tel Aviv University as well as its curriculum committee at the School of Business from 1987 - 1991.

Professor Ofer received the Best Teacher Award at Kellogg in 1986 and was named an outstanding member of the faculty of Tel Aviv University, 1988. He is a member of the American Finance Association, Western Finance Association, and European Finance Association.



Print Vita
Education
MA, The University of Pennsylvania
PhD, The University of Pennsylvania
BA, Hebrew University of Jerusalem

Grants and Awards
L.G. Lavengood Outstanding Professor of the Year Award, Kellogg School of Management, 1985

Print Research
Articles
Chari, V. V., Ravi Jagannathan and Aharon Ofer. 1988. Seasonalities in Security Returns: the Case of Earnings Announcements. Journal of Financial Economics. 21(1): 101-121.
Breen, WilliamRavi Jagannathan and Aharon Ofer. 1986. Correcting for Heteroscedasticity in Tests for Market Timing Ability. Journal of Business. 59(4): 585-598.
Working Papers
Hagerty, KathleenAharon Ofer and Daniel Siegel. 1993. Managerial Compensation and Incentives to Engage in Shortsighted Behavior.

 
Print Teaching
Full-Time / Part-Time MBA
Finance I (FINC-430-0)

Finance 1 covers managers' and investors' most fundamental finance decision: how to value a project or an asset. Managers must determine the value of building a factory, entering a new market, or purchasing an entire firm when deciding in which projects to invest. Similarly, individuals must assess the value of financial securities to decide how to invest their wealth. Using a combination of lectures and business cases, Finance 1 teaches the three principal methods for valuing projects or assets: discounted cash flow, multiples, and real options. These valuation tools lay the foundation for all work in capital markets and corporate finance.

Prerequisite: Business Analytics I (DECS-430)

Recommended Prerequisite: Business Analytics II (DECS-431) and Accounting for Decision Making (ACCT-430), which may be taken concurrently.



Accelerated Corporate Finance (FINC-440-0)
Corporate finance covers the financial knowledge you need to run a firm, whether the firm is a multi-billion dollar international conglomerate or a three-person start up. Accelerated Corporate Finance will combine the material from Finance 1 and Finance 2 in an intensive one-quarter course. We will cover valuation (discounted cash flow, multiples, and real options), capital structure (how firms finance themselves and how they manage risk), and payout policy (should firms return capital to investors and if so how). For more details, you should read the descriptions of Finance 1 and Finance 2. The logical concepts will be covered in class, technical skills and intuition will be developed in class and through online exercises, and then the logic and tools will be applied to a set of valuation, financing, risk management, and payout cases. Given the pace of the course, students are expected to be prepared to put in the extra effort in class and outside of class. Basic finance knowledge (discounting) and accounting is assumed

Pre-requisite: Business Analytics I (DECS-430). Business Analytics II (DECS-431) and Accounting for Decision Making (ACCT-430) are recommended and may be taken concurrently.

Executive Education
Corporate Finance: Strategies for Creating Shareholder Value
Learn the latest methodologies – and their real-world applications – for analyzing and valuing financial decisions.

View Program