November 2009
A compilation of clips of Smeal or Smeal faculty appearing in the media this month.
Bulletproof Blog, 11/30/2009—Article on research by Tim Pollock, professor of management. "This week, we interview University of Georgia Assistant Professor Mike Pfarrer, who—along with Tim Pollock of Pennsylvania State University and Violina Rindova of the University of Texas at Austin—just completed a groundbreaking study of how corporate reputation and celebrity affect investor decisions after positive and negative earnings surprises." (Michael Pfarrer on Corporate 'Reputation' and 'Celebrity').
American Chronicle, 11/28/2009—Gary Lilien, Distinguished Research Professor of Management Science, comments on marketing during a recession. "Companies that have been looking at marketing as an investment, and not an expense, and have been running their business through customer knowledge are the ones that are going to come out of this [recession] really, really well," Lilien says. (Turn the Recession Into a Marketing Opportunity).
StateCollege.com, 11/26/2009—Joe Battista, director of major gifts, writes in his column about Thanksgiving. "We all tend to dwell on the negatives, but not today, pal!" Battista writes. "Today I want to celebrate the good that has happened to me even though I hardly deserve it." (Endless Reasons to Be Thankful).
Centre Daily Times, 11/25/2006—Fred Hurvitz, instructor in marketing, comments on Black Friday.
"The day's meaning has shifted somewhat, said Hurvitz, from a day for turning a profit to a more consumer-oriented 'sales event of the year' as companies compete for shoppers. 'Retailers are scratching for every dollar they can get,' Hurvitz said." (Retailers Ready for Rush). This article was also distributed nationally by McClatchy.
The Dallas Morning News, 11/23/2009—Peter Iliev, assistant professor of finance, comments on his research into the costs for small companies to comply with Section 404 of Sarbanes-Oxley. "Small firms pay disproportionately. The burden was large, and this is a recurring cost," Iliev says. (SEC's Expansion of Sarbanes-Oxley Act Could Mean Big Costs for Smaller Companies).
Vinasme.com (Vietnam), 11/23/2009—Article mentions research on CEO narcissism by Donald Hambrick, Smeal Chaired Professor of Management.
The Wall Street Journal, 11/20/2009—Barbara Gray, professor of organizational behavior, comments on her research on the collaborative research efforts at the Large Hadron Collider. "None of them can do the research without each other," says Gray. "No one can play with the Large Hadron Collider unless they all play together." (More Scientists Treat Experiments as a Team Sport). This article also appeared in The Wall Street Journal Asia and The Wall Street Journal Europe.
eChannelLine USA, 11/18/2009—Article on research by the Institute for the Study of Business Markets. "As executives are working to assemble budgets and looking for new ways to fund 2010 programs, many are overlooking an opportunity to uncover significant savings and eliminate waste within their supply chains. ... The study was conducted in partnership with the Business Performance Management Forum and the Institute for the Study of Business Markets—a global academic-industry consortium run by Penn State." (Supply Chain Efficiencies Going Uncovered: CMO Council).
WWJ.com (Detroit), 11/18/2009—Article on research by Timothy Pollock, professor of management. "The more prominent and financially successful a corporation becomes, the more likely it is to break the law, according to a new stud." (MSU Study: Success Leads to Corporate Lawlessness).
PhysOrg.com, 11/18/2009—News release on research by Timothy Pollock, professor of management, examining why good firms sometimes act illegally. "The researchers say three factors potentially fuel illegal behavior: loss aversion, or the tendency to prefer avoiding losses above all else; hubris, in which managers come to believe they cannot fail; and the house-money effect, or the concept that people perceive themselves to be gambling with the 'house's money' rather than their own capital." (When Good Companies Do Bad Things: Examining Illegal Corporate Behavior). This article also appeared on about a dozen other Web sites.
USNews.com, 11/17/2009—Donald Hambrick, Smeal Chaired Professor of Management, comments on consensus-driven CEO decision making in Asia. "That style is a reflection not only of the risk aversion that's inherent in many Asian cultures but also of the 'collectivism' that's valued in them, says Donald Hambrick, professor of management at Pennsylvania State University. 'Culturally, it is hard to make big, bold decisions if you don't have everyone on board.'" (In a Global Economy, American CEOs Are a Different Breed).
Marketplace, 11/13/2009—Fariborz Ghadar, director of the Center for Global Business Studies, comments on U.S.-China trade relations. "Ghadar says the administration's message to China and other Asian powerhouses is: boost your domestic consumption. 'Make sure your economy grows rapidly by buying stuff internationally, and specifically from us.'" (U.S. Looks to Balance Exports, Imports).
Insurance Weekly News, 11/13/2009—Article mentions appointment of Ron Gebhardtsbauer, faculty-in-charge of the Actuarial Science Program, to the board of the American Academy of Actuaries. (American Academy of Actuaries Announces Election of New Regular Directors).
Agence France-Presse, 11/06/2009—Terrence Guay, clinical associate professor of international business, comments on GM's decision to keep the Opel brand and how it will affect its European operations. Guay "said he believes that 'more of the layoffs will go back to Germany,' since GM ended the deal backed by the German government that helped save jobs in that country. 'The least-efficient factories are based in Germany,' he said. Still, he said that GM 'will need financing support from the European governments. The question is how helpful Germany will be.'" (U-turn for GM on Opel Reflects Confidence in Global Strategy). This article appeared in more than a dozen international publications.
Global Security Newswire, 11/03/2009—Fariborz Ghadar, director of the Center for Global Business Studies, comments on a proposed gasoline embargo against Iran. "The problems in June, July after the election had nothing to do about them not being able to buy an HP printer or gasoline," Ghadar says. "It was about not being able to speak, basically seeing that the system is not a meritocracy." (Gasoline Embargo on Iran Could Backfire, Experts Say). This article also appeared on National Journal Online.
Healthcare Executive, 11/01/2009—Article cites a presentation by Linda Treviño, Distinguished Professor of Organizational Behavior and Ethics. "Linda Trevino, Ph.D., of The Pennsylvania State University, noted in a 2005 presentation that executive ethical leadership includes the leader's behavior (moral person)—including traits, personal morality, and values-based decision making—and the leader's ability to direct followers' behavior (moral manager), including role modeling and how the leader rewards and disciplines and communicates the importance of ethics. (An Executive-Driven Ethical Culture).
Centre Daily Times, 11/01/2009—Patrick Cataldo, managing director of open enrollment programs, writes in his column about standing out from the crowd during a job search. "First, finding a new position in today's market may require more than just good technical or business skills," Cataldo writes. "The key differentiator may be the candidate who has the competitive advantage of knowing proper professional protocol and business etiquette." (When There's a Crowd, You Need to Stand Out).
CentreDaily.com, 11/01/2009—Patrick Cataldo, managing director of open enrollment programs, writes in his blog about standing out from the crowd during a job search. "How do you deal with the most competitive job market in decades?" Cataldo writes. "Success in finding your next position requires planning, preciseness, persistence, and polished business etiquette." (Standing Out From the Crowd).
SmartPros.net, November 2009—J. Edward Ketz, associate professor of accounting, writes in his column on California's fiscal troubles. "The woes are so great that it is easy to predict that California will become the first state in U.S. history to declare bankruptcy," Ketz writes. "I put the odds at least at 50 percent in 2010." (Whither Berkeley? Whither California?).
SmartPros.net, November 2009—J. Edward Ketz, associate professor of accounting, writes in his column on federal executive pay caps. "There are several legitimate concerns about Obama's intervention into the pay of bank managers and others who accepted government bailouts," Ketz writes. "But, concern over the flight of talent is not one of them." (Capping Exec. Comp: Good and Bad Concerns).
