Prof. Shmuel Hauser

Associate Professor at the Faculty of Business Administration

About

In January 2018, Professor Hauser completed his position as Chairman of the Securities and Exchange Commission.

Prof. Hauser’s tenure is characterized by activism, increased enforcement and opening criminal proceedings against senior executives.

Hauser holds a bachelor’s degree in statistics and economics from the Hebrew University of Jerusalem (1980) and a master’s degree in finance from the Hebrew University (1982). He received his doctorate from Temple University in Philadelphia in 1986. In 2005, Hauser was appointed full professor at Ben-Gurion University of the Negev.

From 1988 to 1987, Hauser worked as an economist at the Bank of Israel. From 2005 to 1989 he served as the Chief Economist of the Securities and Exchange Commission and was an active partner in designing all reforms in the capital market. He chaired two public committees named after him – the Commission for Regulating the Activities of Market Traders on the Tel Aviv Stock Exchange (2002) and the Committee for Minimizing Capital Market manipulation (2004). In addition, Hauser advised the Knesset Economics Committee, chaired by MK Moshe Kahlon, on bank fees (2007) and was a member of a public committee chaired by Professor Uriel Procaccia to regulate alternative trading arenas in the capital market (2001).

In addition to his work at the Securities and Exchange Commission, Hauser has developed an academic career as a lecturer and researcher in the fields of business administration and the capital market. From 2001 to 1987, he served as a visiting professor at the Hebrew University’s School of Management. In addition, from 1995 to 1990, he served as a lecturer at Bar-Ilan University’s School of Management. Since 1995 he is a member of the Faculty of Management at Ben Gurion University of the Negev: first as a senior lecturer, then as an associate professor and from 2005 as a full professor. In 2006 he was awarded the Ben-Gurion University Outstanding Scientist Award. Hauser has published dozens of research papers on the Israeli capital market, published in journals such as: Journal of Finance, Journal of Financial Economics, Review of Financial Studies Journal of Business and more.

After leaving the Securities and Exchange Commission, Hauser founded and headed a capital market consulting firm, as well as chaired a hundred-year-old genius for market making, chaired a venture capital firm and a director at Maalot – a publicly traded bond rating company

Hauser was appointed the Dean of the Faculty of Business at the Ono Academic College, while continuing his tenure as full professor in the Faculty of Management at Ben-Gurion University. He served as a member of the Council for Higher Education from 2017-2012.

Education

Ph.D.

Temple University in the United States (1987).

M.A.

Finance, The Hebrew University (1982).

B.A.

Statistics and Economics, The Hebrew University (1980).

Teaching Areas

Israel's capital market, international portfolio management, financial management, options and futures, and more.

Research interests

Finance, corporate governance and centralized control structure in the Israeli capital market (dominance of controlling shareholders in determining the value of stock voting rights; efficiency of voting rights by institutional investors in a centralized market; capital market efficiency with respect to initial offerings and repurchases; the relationship between companies' profitability and control structure. These include the company's dividend policy and the executive's salary policy.