Benjamin Segal is a Senior Lecturer in the Accounting Department at Hebrew University.
Dr. Segal earned his Ph.D. in accounting from the NYU Stern School of Business. He holds an M.B.A. in finance and undergraduate degree in law and economics from Tel-Aviv University.
He teaches courses and research seminars related to financial reporting, business analysis, and valuation.
- Research Summary
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Dr. Segal’s research interests include financial accounting and reporting, corporate governance, value relevance of accounting information, effects of regulation, intangibles and goodwill, strategic disclosure, and analyst forecasts.
His research has been published in the Journal of Accounting, Auditing and Finance, Journal of Financial and Quantitative Analysis, Review of Accounting Studies, Journal of Accounting and Economics, European Accounting Review, Accounting and Finance, Journal of Investing, Intelligent Data Analysis, and Journal of Portfolio Management.
- Publications
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Do fiduciary duties to creditors reduce debt-covenant-violation avoidance? S. Levi, B. Segal, D. Segal. Forthcoming in Journal of Business Finance and Accounting
Do Independent Directors Tell the Truth, the Whole Truth, and Nothing But the Truth When They Resign? K. Bar-Hava, S. Huang, B. Segal, D. Segal. Journal of Accounting, Auditing and Finance. July 2018, DOI: 10.1177/0148558X18780801
The Interpretation of Unanticipated News Arrival and Analysts' Skill. A. Rubin, B. Segal, D. Segal. Journal of Financial and Quantitative Analysis. August 2017, 52(4), 1491-1518
Are managers strategic in reporting non-earnings news? Evidence on timing and news bundling. B. Segal, D. Segal. Review of Accounting Studies. December 2016, Volume 21, Issue 4, pp 1203–1244
The Bright Side of Managerial Over-optimism. G. Hilary, C. Hsu, B. Segal, R. Wang. Journal of Accounting and Economics, Volume 62, Issue. 1, August 2016, Pages 46-64
The Impact of Debt-Equity Reporting Classifications on Firms’ Decision to Issue Hybrid Securities. S. Levi and B. Segal. European Accounting Review, 2015. Vol. 24 Issue 4, p801-822
Earnings Revisions in SEC Filings from Prior Preliminary Earnings Announcements. D. Hollie, J. Livnat, B. Segal, Journal of Accounting, Auditing and Finance, Vol. 27 Issue 1, Jan 2012, p3-31
Enforcement and Disclosure under Regulation FD: An Empirical Analysis. P. Griffin, D. Lont, B. Segal, Accounting and Finance, Vol. 51 Issue 4, Dec 2011, p947-983.
The Information Content of Goodwill Impairments and the Adoption of SFAS No. 142. D. Bens, W. Heltzer, B. Segal, Journal of Accounting, Auditing and Finance, Vol. 26 Issue 3, Jul 2011, p527-555
Management’s Tone Change, Post Earnings Announcement Drift and Accruals. R. Feldman, S. Govindaraj, J. Livnat, B. Segal, Review of Accounting Studies, Vol. 15 Issue 4, Dec 2010, p915-953
Shorting Companies That Restate Previously Issued Financial Statements. R. Feldman, J. Livnat, B. Segal, The Journal of Investing, Volume 17 Issue 3, Fall 2008, p6-15
Computerized Retrieval and Classification: An application to reasons for late filings with the Securities and Exchange Commission. R. Feldman, B. Rosenfeld, R. Lazer, J. Livnat, B. Segal, Intelligent Data Analysis, Vol. 10 Issue 2, 2006, p183-195.
Oops, Our Earnings Were Indeed Preliminary: Market Reactions to Companies that Subsequently File Different Earnings with the SEC. D. Hollie, J. Livnat, B. Segal, The Journal of Portfolio Management, Volume 31 Issue 2, Winter 2005, p94-104.
- In the Media
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The Harvard Law School Forum on Corporate Governance and Financial Regulation
“Cyber-Risk Disclosure: Who Cares?”
LesEchos.fr
“Les cyber-attaques peu sanctionnées en bourse”
The Harvard Law School Forum on Corporate Governance and Financial Regulation
“Does Corporate Governance Make Financial Reports Better or Just Better for Equity Investors?”
The Wall Street Journal, Online Edition
“Some Companies Change Preliminary Results In SEC Filings”, By Lingling Wei
- Awards & Honors
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Teaching Awards and Achievements
- Recipient of INSEAD Dean’s Commendation for Excellence in MBA Teaching Award, 2012/2013
- Nominated for INSEAD Best Teacher Award, 2012/2013
- Highest rate of maximal teaching evaluation scores (5/5) in the INSEAD Masters in Finance program accounting courses, overall average 4.9/5 (2007-2012)
Other Awards and Grants
- Recipient of the Peter Brownell Research Manuscript Runner-Up Award (AFAANZ Paper on Reg FD)