October 14, 2010
Terry Harrison, professor of supply chain and information systems at the Penn State Smeal College of Business, has been elected 2011 president-elect of the Institute for Operations Research and the Management Sciences (INFORMS), the world's largest society for professionals in the field of operations research, management science and business analytics.
August 24, 2010
The real estate department at the Penn State Smeal College of Business is ranked seventh in the world in research productivity and a Smeal faculty member ranks sixth, according to an academic study forthcoming in The Journal of Real Estate Finance and Economics.
October 6, 2010
Smeal’s Charles Enis, tax expert and associate professor of accounting, discusses the fate of the Bush-era tax cuts. Enis suggests Congress should strive to increase the transparency of the tax codes, fix the alternative minimum tax, and phase out itemized deductions and exemption allowances.
October 6, 2010
Management incentives and demand by investors for earnings quality are important factors that shape the financial reporting of public equity firms. Dan Givoly and coauthors compare the quality of accounting numbers produced by two types of public firms—those with publicly traded equity and those with privately held equity that are considered public because of their publicly traded debt.
September 22, 2010
Terry Harrison has a passion for the good stewardship of natural resources, which stems from his love of the outdoors and an early job as a logger and forester. He shares how this passion shines through in his teaching, research, course projects, and daily life.
September 2, 2010
Recent research from Wenpin Tsai, professor of business administration at Smeal, suggests ways for firms to gain market share and undermine their competitors. The most important point is for firms to put themselves in the shoes of their competitors and their competitors’ competitors. Firms who are well versed on their competitors’ strengths and weaknesses have a better chance of gaining market share and attacking their rivals without being counterattacked.
August 27, 2010
Companies are experimenting with radio frequency identification, or RFID, to increase the efficiency and productivity of their supply chains. By using these RFID tags, retail stores, manufacturing companies, and warehouses are capable of providing better customer service, quickly replenishing inventory, lowering labor costs, and managing quality control.
August 26, 2010
In a business-to-business environment, some buyers and suppliers have long histories together, in which they become familiar with one another’s behavior. If one party deviates from the normal behavior, this could create uncertainty for the other and damage the relationship. Qiong Wang discusses ways top managers can prevent this from happening.
August 3, 2010
Smeal's Karen Winterich looks at how one emotion impacts another emotion and how this influences decision making. Discussing concepts like cognitive appraisals and emotional blunting provide answers to why people feel the way they do in certain situations. She explains how these processes are applicable in everyday life.
July 29, 2010
Both mandatory and voluntary disclosures require managers to project or estimate future earnings and accruals. Given environmental uncertainty, these business assessments unavoidably involve some errors. Allowing greater flexibility in the disclosure process may increase the likelihood of these errors being conveyed to the capital market. Smeal’s Guojin Gong discusses how environmental uncertainty and disclosure flexibility affect the quality of information conveyed through mandatory and voluntary disclosures.
July 21, 2010
Announcing a merger on a Friday may not be the best idea if you want people to pay attention. Recent research by two Penn State accounting professors suggests that investor inattention results in lower trading reactions to Friday merger announcements. They advise investors to be aware of the timing of merger announcements and pay more attention to transactions announced on Friday.
July 12, 2010
Do what you love. Love what you do. Such is the case for Jennifer Chang Coupland, Paiste Learning Fellow and clinical associate professor of marketing at Smeal. She combines her love of consumer culture, brands, marketing, and teaching into a job she says she “intrinsically loves.” Coupland incorporates her fondness of nostalgic brands and creativity into the classroom, creating an environment that students enjoy.
June 23, 2010
The Institute for the Study of Business Markets is one of Smeal's founding research centers. Under the direction of Drs. Ralph Oliva and Gary Lilien, the ISBM has become a center of excellence. Networked with researchers, educators, and practitioners from businesses and universities around the world, their mission is to improve the practice of business-to-business marketing in both industry and academia.
June 10, 2010
Smeal’s Keith Crocker predicts that the elimination of medical underwriting—which will occur in 2014 when exclusions for preexisting conditions are prohibited—will completely destroy the individual market for health insurance. He also discusses the risks, mandates, and fines associated with the new health care legislation, as well as the potential for a resurgence of the public option.
June 4, 2010
Smeal's Christopher Craighead weighs in on how the BP oil spill and other natural disasters impact business across the globe. He admits that major interruptions occur every year but their impact is hard to determine until the event completely unfolds. He also stresses that companies, especially those who do business globally, should plan to deal with disruptions, even if that means rethinking the design of their supply chains.
May 27, 2010
In addition to being one of the most well respected academics in the field of strategic management, Donald Hambrick is also a Vietnam veteran, a former drummer, and a lifelong lover of racquet sports. In this interview, he discusses some of his greatest academic achievements, what he has learned from his students, how he wants others to remember him, and what’s left to accomplish in his successful career.
May 17, 2010
For avid sports fans, their interests, enthusiasm and passion for the game defy the norm. It’s more than just brand loyalty. There’s an emotional connection. Smeal’s Wayne DeSarbo, executive director for the Center for Sports Business and Research, studies how marketers can capitalize on these feelings and target their marketing campaigns toward these avid fans in hopes of generating more revenue.
May 12, 2010
Governance mechanisms for business-to-business (B2B) electronic markets work best if tailored to each market individually. Smeal’s Rajdeep Grewal highlights three governance mechanisms: monitoring, community building, and self-participation. Based on the level of behavioral and external uncertainties, market makers must decide which mechanisms to emphasize to generate growth and financial success within the market.
May 6, 2010
A new book compilation of writings on leadership by some of the world's top management experts and executive coaches features a chapter contributed by Albert Vicere, executive education professor of strategic leadership at the Penn State Smeal College of Business.
May 3, 2010
Smeal’s Dan Guide says remanufacturing extends a product’s life cycle and could potentially help managers maximize profits. However, managers may fear that remanufacturing cannibalizes new product sales. Guide says proper understanding of pricing strategies, competition, and customers who value functionality enables firms to reach new customers.
April 28, 2010
Jiro Yoshida, assistant professor of real estate at the Penn State Smeal College of Business, recently delivered a talk on the U.S. real estate market at a meeting of the Policy Research Institute, a unit of Japan's Ministry of Finance.
April 28, 2010
South-Western Cengage Learning has published the seventh edition of Transportation: A Supply Chain Perspective, a textbook originally published in 1982 and coauthored by two faculty members at the Penn State Smeal College of Business.
April 28, 2010
Donald Hambrick, Smeal Chaired Professor of Management at the Penn State Smeal College of Business, has been named an Evan Pugh Professor, joining a list of only 61 others thus recognized since the title's inception in 1960. Evan Pugh Professorships are the highest honor the University bestows on its faculty.
April 27, 2010
In the wake of the recent financial crisis, what many perceive as excessive executive salaries have grown as a target of popular outrage and Washington lawmakers. However, according to forthcoming research coauthored by a professor at the Penn State Smeal College of Business, overpaying CEOs—as compared to their peers—may actually benefit shareholders, while underpaying them could have negative consequences.
April 21, 2010
In response to the global business community, Charles Snow and his coauthors introduce a new organizational design called a collaborative community, in which firms and perhaps countries share knowledge and work together toward common goals. Firms should be prepared to handle the barriers associated with effective multi-firm collaboration and incorporate collaboration into their company culture.