Opening Bell Ceremony at TASE to Celebrate the Launching of the TA-Family Index and the Start of the Academic Year at Tel Aviv University’s Coller School of Management.
The Tel-Aviv Stock Exchange (TASE) and Tel Aviv University’s Coller School of Management opened the trading on TASE to celebrate the beginning of the academic year together with the launch of the TA-Family Index – a new index of family companies listed on TASE.
The bell ceremony was rung jointly by Prof. Moshe Zviran, Dean of TAU's Coller School of Management; Prof. Dan Amiran, Associate Dean of the Coller School of Management; Prof. Dan Weiss and Dr. Nava Michael-Tsabari, Directors of the Raya Strauss Center for Family Business Research at the Coller School of Management and Robby Goldenberg, TASE EVP and Head of Trading and a graduate of the school of management, where he also lectures.
The index consists of 27 family companies listed on TASE and is based on methodology developed by the Raya Strauss Family Business Research Center at Tel Aviv University’s Coller School of Management.
As stated by Prof. Moshe Zviran, Dean of Tel Aviv University’s Coller School of Management: “Celebrating the first day of the new academic year at TASE is a tradition that reflects the productive dialog between teaching and research in the fields of management and the dynamic, daily work of the business sector, which is also expressed on the capital market. Being a part of this, we are pleased to be supporting the academic research in formulating the methodology for the TA-Family Index, which emphasizes the business success of family companies in Israel, in the same way as the importance and success of family companies is recognized on global markets”.
Prof. Dan Weiss, Professor of Accounting and Director of the Raya Strauss Center for Family Business Research at the Coller School of Management added: “The research that we have conducted and that is performed overseas indicate that public family companies perform better over time and give above-average yield. The reasons for this are culture, family tradition, authenticity, stability and – especially – long-term planning and thinking”. Prof. Weiss continued: “As long ago as 2002, Credit Suisse Bank in Switzerland launched a family index for investment in the world’s largest family-controlled public companies, and this index has posted above-average yields over long periods."
Robby Goldenberg, TASE EVP and Head of Trading: “The launch of the index together with the Coller School of Management is proof that academic research can contribute in a valuable way of advancing the capital market. The index’s market cap exceeds NIS 80 billion with approximately a third of its value being publicly held. The family companies play a significant role in developing the capital market and the Israeli economy; we hope that the new index will constitute an investment tool for the public who have faith in the TASE-listed family companies. We wish all the students a productive and successful academic year and would be happy to see you joining the capital market, when you’ve completed your studies, and contributing to its future growth and prosperity”.
Following the ceremony, the Coller School of Management Global MBA students took part in a session on the topic of indices, including the TA-Family Index and family companies, which was attended by Prof. Dan Weiss, Yaniv Hirsch, from TASE’s Indices Unit and Dr. Leslie Broudo-Mitts, Head of the Sofaer Global MBA program on venture, innovation and entrepreneurship at Tel Aviv University’s school of management.
The event was also attended by the heads of family companies such as: Rami Levy, Ofer Nimrodi, Zvi Stepak and Ron Weisberg, as well as other executives, School's faculty, graduates and students. Among the students was a large group of overseas students and students from the Sofaer Global MBA program and from the world’s leading business management schools who are in Tel Aviv studying for one semester within the framework of the exchange students program – as part of the School's cooperation with more than 100 of the world’s leading business schools.