Moshe Ben-Horin

Professor Moshe Ben Horin is Ono’s President and an expert in the field of finance and the capital markets. Previously he was Ono’s Chancellor, Dean of the Faculty of Business Administration, and and a Professor of Business Administration. Prof. Ben Horin was Head of the Investments and Audit Committees and member of the board of directors, Harel-Pia Mutual Fund Management, Ltd. He formerly served in similar positions at Leumi-Pia (Bank Leumi) and Lahak (Bank Hapoalim). Before joining Ono Academic College full time, Prof. Ben Horin was a faculty member at the Hebrew University in Jerusalem where he also headed the executive training program for many years. He has been a visiting lecturer at Harvard University, University of Florida, McGill University and the People’s University of China.

Prof. Ben Horin earned his PhD at the Faculty of Business Administration, New York University his MA in economics, Faculty of Social Sciences, Hebrew University of Jerusalem and his BA in Social Sciences from Hebrew University of Jerusalem.

Education

• BA in Economics and Political Sciences from the Hebrew University, Jerusalem, Israel. 1968.
• MA in Economics from the Hebrew University, Jerusalem, Israel. 1971.
• Ph.D. in Finance and Economics from the Graduate School of Business Administration, New York University, 1976

Publications

SELCETED PAPERS

• Moshe Ben-Horin and William L. Silber, "Financial Innovations: A Linear Programming Approach,” Journal of Banking and Finance, 1 (1977): 277-296.
• Moshe Ben-Horin, "A Comment on ‘The Weighted Average Cost of Capital as a Cutoff Rate’,” Financial Management, 8 (Summer 1979): 18-21.
• Moshe Ben-Horin and Haim Levy, "Total Risk, Diversifiable Risk and Nondiversifiable Risk: A Pedagogic Note,” Journal of Financial and Quantitative Analysis, 15 (June 1980): 289-298.
• Moshe Ben-Horin, "Alternative Estimators of Rates of Return Distribution Parameters of Financial Assets,” Research in Finance, 3 (1981): 157-176.
• Jorge R. Calderon-Rossell and Moshe Ben-Horin, "The Behavior of the Foreign Exchange Rates,” Journal of International Business Studies, 13 (Fall 1982): 99-111.
• Moshe Ben-Horin and Paul Wachtel, "Inflation,” The Encyclopedia of Management, Van Norstad Reinhold Co., (1982): 447-456.
• Moshe Ben-Horin and Haim Levy, "Evaluating Estimators Using Stochastic Dominance Rules: The Variance of a Normal Distribution,” Communications in Statistics, 11 (1982): 1071-1076.
• Moshe Ben-Horin, "Discount for Advance Insurance Premium Payment under Conditions of Inflation,” Quarterly Review of Economics and Business, 23 (Spring 1983): 29-34.
• Moshe Ben-Horin and Haim Levy, "Stochastic Dominance and Parameter Estimation: The Case of Symmetric Stable Distributions,” Insurance: Mathematics and Economics, 3 (1984): 133-138.
• Moshe Ben-Horin and Haim Levy, "Financial Management in an Inflationary Environment,” Financial Handbook, (6th edition) Wiley and Sons, Inc., (1986): 15.1 –15.41
• Moshe Ben-Horin and Dror Zuckerman, "The Effect of Unemployment Insurance on Unemployment Duration,” Journal of Labor Economics, 5 (July 1987): 386-390.
• Moshe Ben-Horin, Shalom Hochman and Oded Palmon, "The 1985 Tax Reform Act and Corporate Policy,” Financial Management, 19 (Autumn 1987): 29-35.
• Moshe Ben-Horin and Narayanaswamy Sivakumar, "Evaluating Capital Investment Projects,” Managerial and Decision Economics, 9 (December 1988): 263-268.
• Moshe Ben-Horin and Jeffrey L. Callen, "The Cost of Capital, Macaulay’s Duration and Tobin’s Q,” Journal of Financial Research, 7 (Summer 1989), 143-156.
• Moshe Ben-Horin and Dror Zuckerman, "Stimulating Job Search through the Unemployment Insurance System,” Operations Research, 38 (March-April 1990): 359-361.
• Moshe Ben-Horin, "Stochastic Dominance with Truncated Sample Data,” Journal of Financial Research, 8 (Summer 1990): 105-116.
• Moshe Ben-Horin and Latha Shanker, "The Make or Buy Decision in Capital Budgeting", in Raj Aggarwal (editor), Capital Budgeting under Uncertainty, Prentice Hall, (1993), Chapter 15: 258-272.
• Moshe Leshno, Yishai Spector and Moshe Ben-Horin, "Stochastic Dominance in an Ordinal World,” European Journal of Operations Research, 93, (1996): 620-626.
• Olga sulla and Moshe ben-Horin, "Integration of International Capital Markets: The Case of the Israeli Stocks Traded in the United States,” Economic Quarterly (Hebrew), (July 1998): 313-347.
• Moshe Ben-Horin and Yoram Kroll, "The Profit as a Measure of the Value Creation of the Firm: Alternative Measures of the Economic Value Added" (Hebrew), Quarterly Banking Review, (February 2008): 45-64.
• Moshe Ben-Horin and Yoram Kroll, "IRR, NPV and PI: Reconciliation". Forthcoming, Journal of Financial Education.

Books

• Moshe Ben-Horin and Haim Levy, Statistics: Decisions and Applications in Business and Economics, Random House Inc., New York. First edition: 1981, Second edition: 1984. (800 pages).
• Moshe Ben-Horin and Haim Levy, Business Statistics: Fundamentals and Applications, Random House Inc., New York. 1983. (560 pages).
• Moshe Ben-Horin, Essentials of Corporate Finance, Allyn&Bacon, Inc., Boston, 1987. (750 pages).
• Moshe Ben-Horin, Securities and the Capital Market, (Hebrew), Tcherikover, Tel-Aviv, 1996 (780 pages).
• Moshe Ben-Horin, Securities and the Capital Market: An Update, (Hebrew), Tcherikover, Tel-Aviv, 1998 (52 pages).
• Moshe Ben-Horin, Principles of Finance and Financial Management, Ono Academic College Publishing, 2009 (605 pages).