Faculty Excellence
The driving force behind any great business school is the intellectual leadership of its faculty in terms of teaching, research and outreach.
Teaching
Our faculty are noted for the caliber of their teaching. Student satisfaction surveys of our undergraduates and graduate students consistently reflect the high quality of education that our faculty provide.
Research and Leadership Positions
Our faculty play an important role in expanding knowledge in their fields in a variety of ways — by conducting groundbreaking research, publishing in academic journals and serving in leadership positions in their disciplines in the U.S. and around the world.
Ph.D. Program
Sixty-one doctoral candidates were enrolled in the business school’s Ph.D. program during the 2006-07 academic year, working closely with faculty. They included Paul Johnson, Ph.D. candidate in risk management and insurance, who won second place for a paper in the Actuarial Research Conference Presentation Prize competition. Our Ph.D.s were hired by top academic research institutions, teaching universities and companies. To help attract top doctoral students, the school continues its efforts to enhance doctoral advising and increase funding support.
A sampling of recent activities:
Thomas O’Guinn was co-author of one of the 20 most-cited papers in the field of economics and business worldwide for an article that coined the term “brand community.” The article was published in the Journal of Consumer Research in 2001.
Neeraj Arora was appointed to the editorial board of Marketing Science.
Hollis Skaife was named by the German government to a central agency for funding basic research at German universities.
Terry Warfield was named to the Financial Accounting Standards Advisory Council, which advises the Financial Accounting Standards Board.
Jan Heide was named associate editor of the Journal of Marketing Research.
Joan Schmit was a contributing researcher on a project funded by the Swiss National Science Foundation on developing new risk-based capital standards across Europe,
Urban Wemmerlöv co-authored the fourth most widely cited paper published in the Journal of Operations Management since 1985.
Larry Rittenberg received the Outstanding Educator Award from the Auditing Section of the American Accounting Association.
Stephen Malpezzi served as president of the American Real Estate and Urban Economics Association.
Cynthia Devers was named to the Academy of Management Journal’s Editorial Review Board.
Sung Kim was named an associate editor of Information Systems Research.
Jon Eckhart received an Outstanding Reviewer Award from the Journal of Business Venturing.
Research Close-ups
Capital Markets Regulation
Hollis Skaife (pictured above) conducted research that is playing an important role in the debate on the competitiveness of the U.S. capital markets. Her research study—co-authored with colleagues from the University of Texas at Austin, the University of Iowa and the MIT-Sloan School of Management—scrutinized the effects of strong internal control on firm risk. The study found that firms with strong internal controls have lower market and idiosyncratic risk. The study concluded that firms that correct their internal control problems, as mandated by the Sarbanes-Oxley Act of 2002, have a reduction in their cost of equity capital by 50 to 150 basis points.
Foreign Investment in the U.S.
François Ortalo-Magné conducted a survey of global real estate investors on behalf of the Association of Foreign Investors in Real Estate (AFIRE). The survey found that the United States remains the preferred country for foreign investors’ real estate dollars, and that—for the first time since 2001—New York City is the top U.S. city for foreign investment.
Material-Weakness Disclosures
Karla Johnstone co-authored a study with colleagues from Rutgers University and Bentley College that examined how the pay of finance chiefs is affected by internal controls. Based on observing the experience of 635 CFOs in 2005, their research findings indicated that CFO compensation post-Sarbanes-Oxley hinges strongly on internal controls, accounting expertise and a CFO’s relationship with the board.
Looking Ahead
Hiring additional faculty to better enable the school
to meet its teaching, research and public service
missions will be a key priority.