Artur Raviv
Alan E. Peterson Professor of Finance
Artur Raviv is the Alan E. Peterson Distinguished Professor of Finance. He has been a member of the Kellogg faculty since 1981, and served as the chairman of the Finance Department during the years 1986-1989. Prior to joining Kellogg Raviv taught at Carnegie Mellon University and Tel Aviv University. He is the past President of the Western Finance Association.
Professor Raviv's research interests are in the areas of corporate finance, agency theory, information economics, and industrial organization. He has investigated optimal financing decisions, innovative financial instruments, corporate control issues, management compensation and incentive schemes and pricing and auction design problems. He currently studies capital budgeting processes, corporate governance and organization design. Artur is the recipient of a number of grants, including five from the National Science Foundation and one from the Bradley Foundation.
His research was published in leading scholarly journals, including the Journal of Finance, the Journal of Financial Economics, Review of Financial Studies and the American Economic Review. His article, "Capital Structure and the Informational Role of Debt," (with Milton Harris) was selected as a distinguished article to appear in the Journal of Finance in 1990. He was an Associate Editor of the Journal of Finance from 1989 to 2000 and served on the Board of Editorial Advisors for the Journal of Accounting, Auditing, and Finance and the Journal of Economics and Management Strategy.
The graduates of Kellogg's Executive Master's Program named Professor Raviv Outstanding Professor of the Year eighteen times since 1983. He developed and directs three highly successful executive programs (Merger Week, Corporate Financial Strategy and Finance for Executives) and teaches regularly in Kellogg's executive programs at the James L. Allen Center and Kelloggs regular MBA program.
Artur has lectured at many universities in the United States and abroad, has been a guest speaker for the American, Western, and European Financial Associations, and serves as a consultant to numerous firms. In 2008 he was elected as the President of the Western Finance Association. He received his Ph.D. in Managerial Economics from Northwestern University in 1975.
- Corporate Finance
- corporate governance
- capital structure
- economics of uncertainty
- information economics
- Corporate finance
- valuation
- mergers and acquisitions.
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PhD, 1974, Managerial Economics, Northwestern University
MS, 1971, Operations Research, Technion-Israel Institute of Technology
BA, 1968, Economics, Statistics, Hebrew University of Jerusalem
BSc, 1967, Mathematics, Physics, Hebrew University of Jerusalem -
Alan E. Peterson Distinguished Professor of Finance and Managerial Economics, Kellogg School of Management, Northwestern University, 1981-present
Chairman of the Finance Department, Kellogg School of Management, Northwestern University, 1985-1988
Professor, Tel-Aviv University, 1985
Associate Professor of Economics, Graduate School of Industrial Administration, Carnegie-Mellon University, 1977-1981
Assistant Professor of Economics, Graduate School of Industrial Administration, Carnegie-Mellon University, 1974-1977 -
Sidney J. Levy Award for Excellence in Teaching, 2013-2014
Sidney J. Levy Award for Excellence in Teaching, 2011-2012
Executive MBA Program Outstanding Teaching Awards, Kellogg School of Management, 2012, 2006, 2005, 2004, 2003, 2000, 1998, 1997, 1996, 1994
Sidney J. Levy Teaching Award, Kellogg School of Management, 2009-2010, 2007-2008, 2003-2004, 2001-2002, 1999-2000, 1997-1998
Kellogg Alumni Professor of the Year Award, Kellogg School of Management, 1989
Corporate Finance
Learn how you can create greater shareholder value by valuing investments more accurately, making more informed financial decisions and designing a more consistent, cohesive corporate investment and finance strategy.
Finance for Executives
This program, which was created especially for non-finance managers and executives, gives participants the hands-on experience they need to read and interpret financial reports, talk numbers and make executive finance decisions with confidence.
Merger Week
Our M&A experts will show you how to evaluate mergers and acquisitions from all angles — from strategy and financing to alliances and integration — and then use an M&A process that generates the greatest value from any restructuring deal.
;Managerial Finance II (FINCX-441-0)
Managerial Finance II analyzes corporate financial decisions. Topics include market efficiency, capital structure, dividend and stock repurchase policy, and firms’ use of options and convertible securities.
Managerial Finance I (FINCX-430-0)
Managerial Finance I introduces the basic techniques of finance. Topics include discounting techniques and applications; evaluation of capital expenditures; and estimating cost of capital and bond and stock valuation.
Financial Decisions (FINC-442-0)
This course uses case studies to enhance the student's understanding of managerial financial decision making, specifically investment and financing decisions. Topics include short- and long-term financing, capital structure and dividend decisions, cost of capital, capital budgeting, firm valuation, financial and operational restructuring, and mergers and acquisitions. The course emphasizes the basic principles of corporate finance and is sufficiently general so as to be of interest to all students. The course provides students with the opportunity to apply the concepts and theories developed in other finance courses. At its most fundamental level, the course attempts to improve problem-solving skills: problem definition, gathering and organizing the relevant information, developing feasible alternative courses of action, evaluating alternative choices, and recommending and defending the best course of action.
