Tel Aviv University’s Coller School of Management Marks the Start of the Academic Year at the Tel Aviv Stock Exchange’s Opening Bell Ceremony
This morning (October 22, 2017) Professor Moshe Zviran, Dean of the Coller School of Management at Tel Aviv University, marked the opening of the new academic year by ringing the bell to open trading at the Tel Aviv Stock Exchange. Together with him with their hands on the bell were Amnon Neubach, TASE Chairman of the Board, Professor Orly Yeheskel, Associate Dean of the Coller School, Professor Dan Amiram, of the Coller School and Columbia Business School, Ruby Goldenberg, TASE Senior Vice President and Head of Trading, Derivatives & Indices Department, and Jos Neuhaus, graduate of the Coller School and business consultant.
In his greetings following the bell ringing, Professor Zviran said: “The energy of the global business arena impels us, like all the other leading management schools, to constantly change and update our curricula and activities, to ensure that our students are endowed with the knowledge and toolbox they need to contend with the challenges presented in these exciting times of entrepreneurship and innovation in every field. We are leading the change in extensive research and teaching, including the expansion of educational content and the creation of unique specializations. For example, in our undergraduate studies we offer specializations in big data and business data analytics, financial management and capital markets, innovation in marketing, and the management of entrepreneurship and innovation. We have also expanded the range of course specializations offered in our graduate programs.”
According to Robby Goldenberg, “The Tel Aviv Stock Exchange sees great importance in collaborating with the academic world and we are pleased to continue the tradition of opening the trading day to mark the first day of the academic year, together with students and staff of the Coller School of Management at Tel Aviv University. We wish all students a fruitful and successful school year and hope to see you join the local capital market upon graduation and contribute to its continued growth and prosperity.”
After the ceremony, the participants gathered for a conference on the capital market. Professor Dan Amiram gave a presentation on the current state of research on “Financial Reporting Fraud and Other Misconduct.” According to this research, “Fraud compromises the trust needed for any business transaction, and it therefore compromises the fundamentals of the economy. According to estimates, the cost of fraud in large US companies reaches 377 billion dollars a year.”
Professor Amiram presented studies that show several methods by which fraud can be identified in financial reports. He also noted that "fraud in financial reporting in the United States has significant negative implications for the company and those involved, including: loss of sales, decline in share prices, dismissal and imprisonment of managers, lawsuits and more. Research on the subject still does not provide conclusive results as to why the phenomenon continues to be so pervasive despite the significant negative consequences for all involved.”
Jos Neuhaus (BA in accounting and EMBA), spoke about the added benefit of his education in business administration and how the Coller School of Management is intertwined in his career. Jos reflected on his work as a business consultant, which consists of corporate recovery, mergers and acquisitions, and holistic consulting for small and medium-sized businesses both in Israel and abroad.
Lior Navon lectured on “The Tel Aviv Stock Exchange – the Heart of the Israeli Capital Market.”
Attending the event were managers and guests of the Tel Aviv Stock Exchange, and faculty, alumni, and students of Tel Aviv University’s Coller School of Management. Among those present were students from abroad that are studying at the Sofaer Global MBA with its focus on entrepreneurship and innovation, as well as students that are spending a semester at the Coller School as part of its exchange program, which includes partnerships with more than 100 leading business schools around the world.