|Finance expert discusses
crisis in banking industry
The sub-prime mortgage crisis has sent the banking and financial services industry into a downturn that has caused the collapse of some of Wall Street’s perennial heavyweights and the subsequent $700 million government bailout of the nation’s financial markets.
To provide some insight into the state of the banking industry Knowledge Link sat down with banking expert G. Andrew Karolyi, the Charles R. Webb Designated Professor of Finance. Read More»
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Nationwide and Fisher partner to
address consumer marketing issues
Nationwide Insurance announced it is collaborating with Fisher College of Business at Ohio State to create the Nationwide Center for Advanced Customer Insights. This partnership creates one of the select few centers dedicated to researching and evaluating consumer behavior in the United States.
The center will focus on current, substantive customer and market research problems. Nationwide, with the help of Ohio State faculty members, graduate students and center staff, will identify and formulate business, marketing and operations research problems. Through this partnership, Ohio State faculty, staff and students will have the opportunity to apply creative research to solving practical business problems.
“What distinguishes this center is the holistic, interdisciplinary approach students will be utilizing to solve today’s real world business problems,” said James Lyski, chief marketing officer for Nationwide Insurance. “This partnership will allow us to foster innovative results by combining a broad base of academic disciplines including statistics, behavioral science, economics and marketing to help address the most pressing problems we face every day.”
Nationwide will utilize the knowledge gained from this research as a foundation for the development of plans and strategies to capture new markets, develop new products, enhance existing markets and products, and improve future profitability. In addition, the center will enhance student career opportunities by providing them the chance to develop quantitative skill sets more marketable in a service-based economy. Nationwide is also a charter member of the Fisher's Initiative for Managing Services and recently provided a gift to support a risk management curriculum and research. Read More»
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Nine new faculty members join Fisher
Fisher College of Business welcomes nine new faculty members for the 2008-09 academic year including Michael Weisbach, former University of Illinois finance professor and co-editor of The Review of Financial Studies, and Itzhak (Zahi) Ben-David, whose research on the origins of the sub-prime mortgage crisis has been praised by The New York Times’ Freakonomics column. Read More »
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Rucci: Intangibles matter in life and in a career
Tony Rucci (left) was honored with the 2008 Distinguished Human Resource Executive Award from the Academy of Management's Human Resources Division on Aug. 11 in Anaheim Calif.
With 25 years of experience as a corporate officer at companies such as Cardinal Health, Baxter and Sears, Tony Rucci knows first-hand what it takes to be a successful senior executive.
Now as an academic, he brings his unique perspective on management education to the classroom teaching MBA candidates, honors undergraduates and in executive education programs. He is not solely focused on functional management expertise. He often finds himself emphasizing to students the importance of self-awareness, passion and even failure in their pursuit of career goals.
“Intangibles matter,” Rucci said. “I have never seen a leader fail because of their functional, technical expertise,” he said. “Every time a leader has failed, it has been because of a lack of interpersonal effectiveness or lack of leadership effectiveness.”
The importance of dignity and respectful treatment in the workplace, meaningful work and personal accountability were cornerstones of the presentation Rucci delivered at the Academy of Management annual conference in August. Read More >>
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Journal of Management: Research at
Fisher having significant impact on field
A study in the “Journal of Management” on the scholarly influence of research work in the field of management placed Fisher College of Business 14th in a ranking that measured the impact of published studies.
Two Management and Human Resources faculty members were recognized in the study, which also ranked the top 150 most cited authors in the field of management. Jay Barney, the Chase Chair for Excellence in Corporate Strategy, was ranked 7th and Raymond Noe, the Hoyt Designated Professor of Management and Human Resources, was 62nd.
“This is the first study to examine author and university influences in virtually all subareas of the field of management,” the authors wrote in the report. Citations were used to measure research impact.
Conducted by four management professors on the faculties at Indiana University, University of Arizona and University of Alabama, the study examined published research from 1981 to 2004. The analysis included more than 1,600 universities and 25,000 management scholars. The researchers grouped published work in four-year blocks. During the final time period of the study, 2000-04, Fisher was ranked 12th.
“This study is very significant because the study focuses on the impact our colleagues are having on the field,” said David Greenberger, department chair of Management and Human Resources. “Instead of looking solely at the number of papers an institution or scholar produced, the researchers analyzed the frequency published studies were cited over nearly a 25 year period.”
Authors analyzed 30 research journals, including the “Academy of Management Journal,” “Harvard Business Review,” “Sloan Management Review” and “Journal of Management Studies.” The study appears in the August 2008 edition of the Journal of Management and can be downloaded from jom.sagepub.com.
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Rives awarded FFSP scholarship
Bill Rives, senior lecturer in the Department of Finance, has been awarded a 2008 Paul S. Mills Scholarship by the Foundation for Financial Service Professionals. The award recognizes individuals who have demonstrated an exceptional commitment to professional education, lifelong learning and ethical business practice.
The Foundation for Financial Service Professionals, the charitable arm of the Society of Financial Service Professionals, fosters research, education and ethical practice among financial service professionals to benefit the public.
Management Science professors' research recognized by journal
Management Science professors W.C. Benton, Kenneth Boyer, John Current, Nicholas Hall, David Schilling and Peter Ward were each ranked in the top 50 of over 1,300 Operations Management and Management Science faculty worldwide based on the impact of their research.
The review, which was conducted by the Journal of Operations Management, rated each professor based on the number of times their published research has been cited since 1985. Read the review in its entirety online.
paper receives international prize
Samuel Tiras, chair of the accounting department at Louisiana State University’s E. J. Ourso College of Business, co-authored the winner of the best paper award chosen at the 2008 Accounting and Finance Association of Australia and New Zealand and the International Association for Accounting Education and Research Conference, which was held July 6-8. Tiras received his PhD from Fisher’s Department of Accounting.
Fisher in the News
Andrew Karolyi, the Charles R. Webb Designated Professor of Finance, was quoted in an Aug. 7 The New York Times article on the impact of the Sarbanes-Oxley Act on American markets to attract and retain foreign corporations.
Karolyi, who has conducted extensive research on the cross-listing of foreign corporations with René M. Stulz, Everett D. Reese Chair of Banking and Monetary Economics, told the paper that the market did not react favorably to the foreign companies when they were no longer subject to American regulation.
Rao Unnava, W. Arthur Cullman Professorship in Marketing, was quoted in a Sept. 15 CNN.com article on consumers’ perception of a limited gasoline supply due to Hurricane Ike.
Unnava told the news service when there is a perceived scarcity of any product, the attractiveness of that product goes up.
Ken Gold, director of the Center for Real Estate Education and Research, was quoted in a Sept. 4 BusinessWeek.com article on the effect the credit crunch is having on home buyers and sellers.
Gold told the magazine that mature neighborhoods with higher-priced homes and home owners with higher incomes will still sell favorably during the slump in the housing market.