Prof. Avi Wohl

מנהלת ביה"ס למנהל עסקים סגל אקדמי בכיר
Prof. Avi Wohl
Phone: 03-6409051
Office: Recanati - Business Administration, 450

Short Biography

Avi Wohl holds a B.Sc. in Mathematics and Computer Sciences from Tel Aviv University, an M.Sc in Management Sciences - Operations Research from Tel Aviv University's Faculty of Management and a Ph.D in Finance, also from Tel Aviv University's Faculty of Management. 

Prof. Wohl has published papers in leading academic journals including Journal of Finance , Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Review of Finance, Journal of Business, Management Science  and Journal of Banking and Finance.  

Fields of Research

Finance

Publications

Menachem (Meni) Abudy and Avi Wohl (2017) Corporate Bond Trading on a Limit Order Book Exchange Forthcoming in the Review of Finance.
 

Azi Ben Rephael, Ohad Kadan and Avi Wohl (2015) "The Diminishing Liquidity Premium". Journal of Financial and Quantitative Analysis (JFQA), vol 50. Winner of the Wharton School-WRDS Award for the Best Empirical Finance Paper in the WFA meeting 2009.
 

Azi Ben Rephael, Jacob Oded and Avi Wohl (2014)" Do Firms Buy Their Stock at Bargain Prices? Evidence from Actual Stock Repurchase Disclosures ". Review of Finance, vol 18(4).
Winner of the European Finance Association Prize for the best paper on investments published in the association's journal, Review of Finance, during 2014. 
 

Azi Ben Rephael, Shmuel Kandel and Avi Wohl (2012), " Measuring Investor Sentiment with Mutual Fund Flows ". Journal of Financial Economics, vol. 104(2). This paper was the topic of an article in the Sunday New York Times, "Why Timing Isn't an Investor Strength," by Mark Hulbert, 11 April 2010. An online Appendix - The normalized net exchanges (NEIO) series .
 

Azi Ben Rephael, Shmuel Kandel and Avi Wohl (2011), "The Price Pressure of Aggregate Mutual Fund Flows ". Journal of Financial and Quantitative Analysis (JFQA), vol. 46(2).
 

Avner Kalay and Avi Wohl (2009) "Detecting Liquidity Traders". Journal of Financial and Quantitative Analysis, (JFQA), vol. 44(1).
 

Avner Kalay, Orly Sade and Avi Wohl (2004) "Measuring Stock Illiquidity: An Investigation of the Demand and Supply Schedules at the TASE . Journal of Financial Economics vol 74(3).
 

Yakov Amihud and Avi Wohl (2004) "Political News and Stock Prices: The Case Of Saddam Hussein Contracts". Journal of Banking and Finance, vol. 28(5).
 

Avner Kalay, Li Wei and Avi Wohl (2002) " Continuous Trading or Call Auctions: Revealed Preferences of Investors at TASE ". Journal of Finance, vol 57(1).
 

Shmuel Kandel, Oded Sarig and Avi Wohl (2001). "Do Iinvestors Prefer Round Stock Prices? Evidence from Israeli IPO Auctions". Journal of Banking and Finance, vol. 25(8).
 

Beni Lauterbach and Avi Wohl (2001) "A Note on Price Noises and Their Correction Process: Evidence from the Special Case of Two Equal-Payoff Government Bonds". Journal of Banking and Finance, vol. 25(3).
 

Shmuel Kandel, Oded Sarig and Avi Wohl (1999) "The Demand for Stocks: An Empirical Analysis of IPO Stock Auctions". Review of Financial Studies. Lead article in vol. 12(2).
 

Avi Wohl and Shmuel Kandel (1997). "Implications of an Index-Contingent Trading Mechanism". Journal of Business, Lead article in vol. 70(4).
 

Avi Wohl (1997). "An Index-Contingent Trading Mechanism: Feasibility and Technical Implications". Management Science, Vol. 43(1). 

 

Working papers

 

Execution Costs of Small Retail Stock Investors (With Menachem [Meni] Abudy)

 

The Effect of the Risk Free Rate on the Attractiveness of Risky Assets [with Yoav Ganzach]

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