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Media Coverage

Want to Be an Entrepreneur? Beware of Student Debt


May 26, 2015 - The Wall Street Journal

The story cites a study co-written by Brent Ambrose, Smeal professor of risk management and director of the Institute for Real Estate Studies. The study reveals that the higher the student-loan debt in an area, the lower the net creation of very small businesses, those with one to five employees.

Why it pays to be a jerk


May 20, 2015 - The Atlantic

Don Hambrick, Evan Pugh Professor and Smeal Chaired Professor of Management, talked about how the findings of a 2007 study he conducted about narcissism in CEOs applied to more recent published works about whether it pays to be a jerk in the workplace. The answer is, sometimes it does, other times it doesn't.

F.N.B. collaborating with Penn State students on branch design


May 14, 2015 - Pittsburgh Business Times

F.N.B. Corporation collaborated with students in the Penn State Smeal College of Business to develop plans for an innovative new banking center in State College. The concepts generated from this collaboration with students will also influence future branch design and delivery channel strategies for F.N.B.’s retail arm, First National Bank. F.N.B. President and CEO Vincent Delie Jr., is a Penn State alum.

If We Don't Reform, Can We Still Be Called the Land of Opportunity?


Apr 28, 2015 - Huffington Post

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning and director of the Center for Global Business Studies, wrote a column for the Huffington Post that said not only are immigrants filling in the existing gaps in our work force, but at the top level they are also creating more opportunities than Americans, and for Americans to fill.

Toxic Tort Claims Over Fracking Create IP Discovery Risk


Apr 24, 2015 - Law 360

Dan Cahoy, professor of business law, is quoted in a story about a recent Pennsylvania ruling finding that trade secrets, including the makeup of hydraulic fracturing fluids, should be handed over in discovery in a toxic tort case against Range Resources Corp. It is likely just the beginning of attempts by plaintiffs to win access to proprietary information, experts say.

Penn State students launch bow tie company, Homan Briar


Apr 23, 2015 - The Daily Collegian

Two best friends and Smeal College of Business undergrads, Ryan Goeke (sophomore-supply chain management) and Carl Rowits (sophomore-accounting), who have been roommates since freshman year, started a bow tie company, Homan Briar, two years ago. Since then business has skyrocketed.

Ferguson Township leaders weigh redevelopment plan for West College Avenue


Apr 20, 2015 - Centre Daily Times

Five Penn State students in the Smeal College of Business’ Applied Professional Experience program, which is part of the MBA curriculum, put weeks of research and design into creating what could become the terraced streetscape district — the section of West College between South Buckhout Street and Blue Course Drive.

Why Does Buying Stuff Make Us Feel Better?


Apr 17, 2015 - Fox Business

In a story exploring why buying something makes people feel better, Margaret Meloy, associate professor of marketing, is quoted as saying her research has revealed that when people who are feeling down buy something, it gives them a temporary boost.

Adrian Project introduces Penn State accounting students to careers in law enforcement and the IRS


Apr 13, 2015 - The Daily Collegian

Fifteen accounting students donning bulletproof vests, handcuffs, mock handguns and pepper spray joined agents from the Internal Revenue Service Friday as part of the Adrian Project — a role-playing event through the IRS that introduces students to the agency's work.

Questions raised about whether compulsory licenses get best prices


Apr 07, 2015 - Nature Medicine

The use of so-called 'compulsory licenses' by developing countries to obtain cheaper drugs for HIV and AIDS by circumventing patents has not been the best strategy for achieving the lowest prices over the past decade, a new study claims. Instead, the best prices were often obtained by countries that procured their drugs through voluntary negotiations, often facilitated by third parties such as UNICEF or the Global Fund to Fight AIDS, Tuberculosis and Malaria. Dan Cahoy, professor of business law, cautioned against extending the results too far.

10 Undergrads Ready to Revolutionize the Finance Industry


Apr 06, 2015 - Badcredit.org

Students majoring in finance and economics have a unique responsibility among their peers. Following graduation, they have the opportunity to apply their skills and become trailblazers in the global economy, whether it be managing assets, raising financial literacy or making credit more accessible to millions of people around the globe. If these 10 students are any indication, it seems as though our brightest days are still ahead. Penn State Smeal students Daniel Shine and Eric Vishnevetsky were among the 10 students profiled.

Airbnb, Uber opponents build barriers rather than compete, asking consumers to pay price


Mar 27, 2015 - The Conversation

Incumbent businesses confronted by digital disrupters resist changes to the status quo for understandable reasons: they were winning at a game they had mastered. When the game changes, efforts to strengthen the previous barriers to entry are standard procedure. Airbnb and Uber have inspired a new generation of incumbents to play these same cards. Both companies have grown at phenomenal rates over short lifetimes, both rely on not owning the core asset (sleeping rooms in the former case, cars in the latter), and both have attracted sky-high equity valuations. That is the thrust of the commentary John Jordan, clinical professor of supply chain & information systems, wrote.

Strong Dollar Hurting U.S. Steel Mills as Imports Flood Market


Mar 25, 2015 - Bloomberg News

Even as the U.S. economic recovery has gained steam and the dollar has surged, United States steel mills have struggled. The amount of imported steel used in the U.S. has swelled, but production capacity at U.S. mills has grown to its highest rate since 2009. Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning and director of the Center for Global Business Studies, said that U.S. mills can't compete with mills in countries where their currency is down, such as Belgium.

US remains top arms exporter, but Russia is nipping at its heels


Mar 24, 2015 - The Conversation & Fast Company

The US controlled 31% of the global market for weapons exports from 2010 to 2014, up from 29% from 2005 to 2009, according to the Stockholm International Peace Research Institute (SIPRI), the world’s best-known collector of defense spending and weapons trade statistics. Russia came a close second with 27%, a significant increase from 22% in the prior period, followed by China, Germany and France each with a 5% share of the arms market, wrote Terrance Guay, clinical professor of international finance, in a column. Another version of Guay's column appeared subsequently on Fast Company on March 27.

Fariborz Ghadar: The little hybrid might still be the right choice


Mar 23, 2015 - (Wilkes-Barre) Times Leader

Over the last four months, SUVs and light trucks made up 54 to 55 percent of the new car market, up from 51 percent in the first four months of 2014. Yet, Americans might be a bit too hasty. While oil prices might not climb to prior lofty levels, the market will return, said Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning and Director of the Center for Global Business Studies, in a column.

6 reasons why improving security is so hard


Mar 16, 2015 - InfoWorld.com

Evan Pugh Professor and Smeal Chaired Professor of Management Donald Hambrick's landmark 2007 study titled "It's All About Me" was cited in a story about why so few companies implement well-known best practices for enterprise security.

Net Impact Hosting Smeal Corporate Citizenship Conference


Mar 11, 2015 - Onward State

Penn State’s chapter of Net Impact will host the Smeal Corporate Citizenship Conference later this month, bringing in nine major businesses and a keynote speaker to discuss integrity, sustainability, and corporate social responsibility (or CSR). Corporate citizenship is the idea that businesses should be socially responsible and aim to enrich communities in which they operate.

Report: These local schools have the best MBA programs


Mar 10, 2015 - Philadelphia Business Journal

The Penn State Smeal Executive MBA Program, based in suburban Philadelphia, was named with two other Philly area schools as one of the best business schools in the nation at which to earn a full-time MBA.

Lavin named executive director of Institute for the Study of Business Markets


Mar 06, 2015 - ITBusinessNet.com

Penn State Smeal's Institute for the Study of Business Markets (ISBM), which connects academic research with business-to-business marketing practitioners around the globe, has announced the appointment of Suzanne Lavin as its executive director. She replaces Ralph Oliva, who will step down on April 6 after nearly 20 years as executive director.

Here's one way to attract the best and brightest to the U.S. - and keep them here


Mar 03, 2015 - PennLive.com

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning Director, Center for Global Business Studies, wrote a column for Pennlive.com that said, in part, "In order for the U.S. to compete in the increasingly technical world, we must change our policies to accept contributions from the brightest minds regardless of birthplace."

Disgust and Self Interest


Feb 26, 2015 - BizEd

In a study involving 600 participants, researchers found that individuals were more likely to engage in self-interested behaviors such as lying and cheating after writing essays or viewing film scenes that provoked feelings of disgust than those who had not. The experiment, which involved equal numbers of men and women, was part of a study co-authored by Karen Winterich, Frank and Mary Smeal Research Fellow and associate professor of marketing.

Four CEOs have survived since Nasdaq last hit 5,000


Feb 25, 2015 - CNBC.com

Donald Hambrick, Evan Pugh Professor and Smeal Chaired Professor of Management, told CNBC.com that four CEOs who have been in place since the last time the Nasdaq hit 5,000 share common traits.
"The two things that strike me is that they are not only not just business innovators, they are organizational builders," Hambrick said.

Today’s Supply Chain Education: It’s All in Your Head


Feb 15, 2015 - Inbound Logistics

John Jordan, Smeal clinical professor of supply chain & information systems, was quoted about 3D printing, product provenance and supply chain transparency. He was also cited for topics in his class "Topics in Supply Chain Management." In the same article, Gary Gittings, instructor in supply chain and information systems, was quoted about students being exposed to advanced technology to use big data.

Saudi Succession Stirs Oil Markets, But Stability Expected — For Now


Jan 23, 2015 - U.S. News & World Report

With the oil market seeing the lowest prices for crude in five years and Saudi Arabia thus far declining to stem output in response, policymakers and economists are wondering whether succession in the kingdom could lead to a strategy shift from the world's second-largest petroleum producer. Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning, and Director of the Center for Global Business Studies, said the death of Saudi Arabia's King Abdullah shouldn't cause any major changes.

MBA Students Learn Leadership from the Wild


Jan 18, 2015 - Poets and Quants

An article about MBA leadership training in the wild mentions a program headed by Student Services Director Erik Orient.

The U.S. needs a Marshall Plan for the Middle East: Fariborz Ghadar


Dec 02, 2014 - PennLive.com

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning, wrote an op-ed piece about the United States' foreign policy in the Middle East.

Ghadar Says Trade a Problem for Proposed ISIS Currency


Nov 17, 2014 - Marketplace

An article on ISIS, the so-called Islamic State, planning to issue its own currency quotes finance professor Fariborz Ghadar:

“Imagine somebody wants to buy wheat from a trader in Iraq and wants to use it in Damascus," Ghadar said. "Does that mean then you have to put gold in a truck and ship it and exchange it for the wheat that’s coming? And then what happens if on the middle of the road, somebody steals your gold?”

Falling Gas Prices Get Thumbs Up From State College Drivers


Nov 15, 2014 - StateCollege.com

A StateCollege.com article about falling gas prices locally and nationally explores the reasons behind the drops. Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning, offered his insights into the global factors that have contributed to the phenomenon.

"China’s growth has slowed down," Ghadar says. "Japan and Europe are becoming more energy efficient. The United State’s oil production has grown rapidly. All these factors have caused oil prices to decline globally as well as in the U.S."

You’re Fired! And We Really Mean It!


Nov 04, 2014 - The Wall Street Journal

Smeal's Don Hambrick is quoted in a recent Wall Street Journal article about CEO dismissals and how some companies are becoming more forthright in declaring termination of their leaders.

CEO dismissals used to be “shrouded and euphemized,” according to Donald Hambrick, a management professor at Pennsylvania State University’s Smeal College of Business. He traces companies’ more forthright firing style back to high-profile ousters in the mid-1990s at companies including Eastman Kodak Co. and General Motors Co.

“A lot of boards take some satisfaction in being able to declare to the world that they fired the person,” Mr. Hambrick said. An obvious dismissal is a way for a board to signal that it’s “awake and willing to exert itself,” he added.

Doubts Linger as HP Poises for a Split


Oct 13, 2014 - The New York Times

A study by Smeal finance professors James Miles and J. Randall Woolridge was mentioned in a New York Times article about Hewlett-Packard's recent announcement that the company will split into two new companies. The study shows that of 174 spinoffs from 1965 to 1994 that the stock prices of those companies rose an average of 76 percent in the five years after they were spun off, compared with a 31 percent gain in the Standard & Poor’s 500-stock index. The study also found that spun-off companies were three times more likely to be acquired. See the full article.

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Andy Elder
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mediarelations@smeal.psu.edu