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Indiana University Bloomington

Doctoral Programs

1960 Notable

From 1960-2013, we prepared nearly 1,200 men and women
for rewarding academic careers — that’s more than any other university.

Azi Ben-Rephael

Contact Information

(812) 856-4068
abenreph [at] indiana [dot] edu (E-mail)
Business School

Download Vita

  • Assistant Professor of Finance


  • Bloomington


  • PhD, Finance, Tel Aviv University, 2011

Professional Interests

Empirical Asset Pricing, Liquidity, Institutional Investors

Selected Publications

  • Ben-Rephael, Azi, Jacob Oded, and Avi Wohl (2013), “Do Firms Buy Their Stock at Bargain Prices? Evidence from Actual Stock Repurchase Disclosures,” Review of Finance, 18(4): 1299-1340.

  • Ben-Rephael, Azi, Ohad Kadan, and Avi Wohl (2013), “The Diminishing Liquidity Premium,” Journal of Financial and Quantitative Analysis, forthcoming.

  • Ben-Rephael, Azi, Shmuel Kandel, and Avi Wohl (2012), "Measuring Investor Sentiment with Mutual Fund Flows," Journal of Financial Economics, Vol. 104, May, pp. 363-382.

  • Ben-Rephael, Azi, Shmuel Kandel, and Avi Wohl (2011), “The Price Pressure of Aggregate Mutual Fund Flows,” Journal of Financial and Quantitative Analysis, Vol. 46, No. 2, April, pp. 585-603.