עברית

Prof. Moran Ofir

Arison School of Business Ph.D., The Hebrew University of Jerusalem

Research and Teaching Expertise

Corporate Law
Securities
Economic Analysis of Law
Decision-Making
Capital Markets
Behavioral Finance
Economic Regulation

Moran Ofir is a Professor at the Faculty of Law at the University of Haifa. She holds a Ph.D. in Finance from the Hebrew University of Jerusalem in a program of the Center for the Study of Rationality, in addition to MBA in Finance and a Bachelor of Law (LLB). She has been a faculty member at Reichman University and a visiting scholar at the law faculties of NYU, Columbia, Oxford, LSE, and more. Prof. Ofir specializes in corporate and securities law, empirical analysis of law, fintech, behavioral finance and financial decision-making. Her research has been published in leading academic journals in both the field of law and finance and has won competitive research funds. The findings of her research have also appeared on academic and business blogs in Israel and around the world, have been discussed in podcasts and extensively covered in the media.
In addition to her academic and research activities, Prof. Ofir served as a member of the ISA's Advisory Committee on Capital Markets and Technology and as a panel member specializing in the capital market in the ISA's Administrative Enforcement Committee. She serves as an independent director at the Bank of Jerusalem.
The Eco-Agency Problem and Sustainable Investment (with Tal Elmakiess), BYU Law Review, Forthcoming in 2024.

Controlling Non-controlling Shareholders: The Case of Effective Control, Theoretical Inquiries in Law, Forthcoming in 2024.

SPACs’ Directors: Big Tech’s New Approach to Evading Antitrust Concerns (with Anat Alon-Beck, Miriam Schwartz-Ziv, & John Livingstone), University of Penns ylvania Journal of Business Law, Forthcoming in 2024.

Investor Sophistication and the Effect of Behavioral Biases in Structured Products Investment (with Zvi Wiener), in Behavioral Finance: Beyond the Basics, Venezia and Calipha eds., World Scientific Publishers, Forthcoming in 2024.

Shareholder Responsibility, Effective Power, and Dispersed Ownership Structure, Hebrew U. Law Review, Vol. 53, Forthcoming in 2023 (in Hebrew).

Interlocking Directorship: Evidence from a Natural Experiment by Israeli Competition Law (with Anat Alon-Beck), Research Handbook on Competition and Corporate Law (Florence Thepot and Anna Tzanaki eds.) Edward Elgar, Forthcoming in 2023.

Who Shares the Sharing Economy? (with Ronit Levine-Schnur), Southern California Interdisciplinary Law Journal, Vol. 32, Forthcoming in 2023.

Auctioning Class Action Representation (with Alon Klement and Zvika Neeman), The Journal of Law, Economics and Organization, Vol. 38(3), pp 613-631, 2022.

An Empirical View of Peer-to-Peer (P2P) Lending Platforms (with Ido Tzang), Berkeley Business Law Journal, Vol. 19.1, pp. 175-215, 2022.

Debtors Always Remain Debtors: An Empirical View of Individual Insolvency Proceedings (with Yevgeny Mugerman and Neta Nadiv), Tel-Aviv U. Law Review, Vol. 54(2), pp 433-474, 2022.

Are Securities Issued in ICOs? On the Regulation of Digital Tokens Issued by Companies (with Ido Sadeh), Hebrew U. Law Review, Vol. 51(2), pp 437-497, 2021 (in Hebrew).

More of the Same or Real Transformation: Does FinTech Warrant New Regulation? (with I. Sadeh), Houston Business and Tax Law Journal, Vol 21, pp 101-150, 2021.

The Rise of FinTech: Promises, Perils, and Challenges (with I. Sadeh), Leading Legal Disruption, (D’Agostino P., Piovesan C., and Gaon A. eds), Thomson Reuters, pp 267-285, 2021.

(Un)intended Consequences of Macroprudential Regulation (with Yevgeny Mugerman), in Law and Economics of Regulation, (Klaus Mathis and Avishalom Tor eds), Springer, pp 183-202, 2021. .

Expertise in Financial Decision Making (with Guy Hochman and Lidor Krava) in Expertise and Excellence: A multi-disciplinary perspective, (Tenenbaum Gershon and Galily Yair eds), IDC, Ch. 18, pp 278-300, 2021 (in Hebrew).

A Revolution in Progress: Regulating P2P Lending Platforms (with I. Sadeh), NYU Journal of Law and Business, Vol. 16 No. 3, pp 685-759, 2020.

ICO vs IPO: Empirical Findings, Information Asymmetry, and the Appropriate Regulatory Framework (with Ido Sadeh), Vanderbilt Journal of Transnational Law, Vol. 53 No. 2, pp 525-613, 2020.

Empirical Legal Studies of Judicial Decision Making, The Lawyer, Vol. 46, p 43, 2020 (in Hebrew).

Are Courts Biased? The Anchoring Heuristic and Judicial Decisions in Personal Bankruptcy Proceedings (with Y. Mugerman and N. Nadiv), Ch. 5, pp 99-128 in Behavioral Finance: A Novel Approach, I. Venezia ed., World Scientific Publishers, 2020.

The Impact of Protective Mortgage Regulations on Household Borrowing Decisions (with Yevgeny Mugerman), Studies on Regulation, Vol. 2 pp 141-164, 2020 (in Hebrew).

The Effect of Specialized Court over Time (with Y. Aran), Ch. 7, pp 167-188 in Time, Law and Change (Ranchordas S. and Roznai Y. eds.), Oxford, Hart Publishing, 2020.

Anchoring and Adjustment in the Mortgage Market: A Regulatory Experiment (with Y. Mugerman), Ch. 9 pp 173-189 in Measuring the Effectiveness of Real-Estate Regulation (Levine-Schnur R. ed., Springer), 2020.

Piercing the Corporate Veil: Theoretical and Empirical Analysis (with T. Felach and U. Procaccia), Tel-Aviv University Law Review, Vol. 42 , pp 199-238, 2019 (in Hebrew).

Efficient and Inefficient Sales of Corporate Control: The Case of Going Private, Review of Law and Economics, Vol 15, Issue 1, 17 (2019).

Behavioral Biases in Peer-to-Peer (P2P) Lending (with S. Ayal and D. Bar-Haim), Ch. 11, pp 367-400 in Behavioral Finance: The Coming of Age, Venezia I. ed., World Scientific Publishers, (2019).

Control Premium in Going Private Transactions, Law and Business, Vol. 20, pp 541-564 (2017) (in Hebrew)

How Homeowners Choose between Fixed and Adjustable Rate Mortgages? (with Y. Mugerman and Z. Wiener), Quarterly Journal of Finance Vol. 6, No. 4, (2016).

Individuals Investment in Financial Structured Products from Rational and Behavioral Choice Perspectives (with Z. Wiener), Ch. 2, pp 33-65 in BEHAVIORAL FINANCE: Where do Investors Come From?, I. Venezia Ed., World Scientific Publishers (2016).

Heuristics and Biases in the Israeli Mortgage Market (with Y. Mugerman and Z. Wiener), Ch. 10, pp 261-285 in BEHAVIORAL FINANCE: Where do Investors Come From?, I. Venezia Ed., World Scientific Publishers (2016).
HAARETZ- Structured Products

Oxford Business Law Blog- Board Interlocks

Oxford Business Law Blog- Auctioning Class Action Representation

Columbia Blue Sky Blog- ICO

The Chinese University of Hong Kong (CUHK) Macine Lawyering Blog- Regulation P2P Lending Platforms

Vanderbilt Journal of Transnational Law Blog- ICO

The FinReg Blog- Duke Law Global Financial Markets Center- P2P Lendings

The Chinese University of Hong Kong Machine Lawyering Blog- Fintech

Oxford Business Law Blog- Macroprudential Regulation

The Medialine- Mortgages and Housing Prices

The Medialine- Israeli Gov’t Announced Plan To Ease Effects of Inflation

Ynet News- Cost-of-Living

The Medialine- Judicial Reform and the Cost-of-Living