Avner Arbel, emeritus finance professor, dies at 90 | Cornell Chronicle

"Avner Arbel, an influential thought leader and visionary scholar in hospitality research and education and an emeritus professor of financial management in the Cornell Peter and Stephanie Nolan School of Hotel Administration, died Aug. 22 in Jupiter, Florida. He was 90. Arbel joined the School of Hotel Administration as a professor of financial management in 1982, after receiving his MBA and Ph.D. from New York University."

"Over his career, he authored 15 books, including "Crash: Ten Days in October...Will it Strike Again," published two years after the 1987 stock market crash, in which he outlined necessary changes to prevent future crashes. Arbel was a consultant to the Brady Commission, a presidential task force on market mechanisms, which investigated causes of the '87 crash, and the group's findings were published in the Harvard Business Review."

Avner Arbel was emeritus professor of financial management at Cornell's Nolan School of Hotel Administration and died Aug. 22 in Jupiter, Florida at age 90. He joined Cornell in 1982 after earning an MBA and Ph.D. from New York University, received tenure in 1983, and taught on the finance faculty for over two decades. His 1983 paper "Giraffes, Institutions and Neglected Firms," co-authored with Steve Carvell, introduced the "Giraffe Principle," urging investors to seek overlooked opportunities; he authored 15 books and consulted for the Brady Commission after the 1987 crash. He emphasized experiential teaching with a mock-investment stocks course, taught at ESSEC in Paris, and co-founded the Center for Hospitality Research.

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