Moving forward - Naveen Jindal School of Management

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Moving forward - Naveen Jindal School of Management
VOLUME 14 No. 2 SPRING 2011

moving forward
Moving forward - Naveen Jindal School of Management

                                            A     s we get ready to conclude another academic year, I am happy to have this opportunity to share with
                                                  you a number of exciting developments.
                                             We have been making excellent progress in improving our national visibility. New rankings from U.S. News
                                             & World Report show both our Full-Time and Professional (part-time) MBA programs have moved forward
                                             substantially. Among public universities, both our programs advanced into the top 20. The Full-Time program
                                             moved to a tie for No. 17, and the Professional program moved to a tie for No. 20. Including private schools,
                                             we saw significant advancement as well, with the Full-Time MBA program climbing 10 spots to No. 40. The
                                             Professional MBA program was ranked No. 36. U.S. News & World Report also ranked our Management Infor-
                                             mation Systems master’s program at No. 18.
                                             This year we have also continued building our national prominence in research. The most recent UTD Top 100
                                             Business School Research Rankings™ show our school solidifying its position as a top 20 research institution,
                                             both nationally and internationally. Our school has now been ranked in the top 20 for the last three years.
                                             This year, we are No. 15 on the North American list of schools and at No. 16 worldwide.
                                             The school continues its drive toward a national leadership position in business education and research by
                                             hosting major conferences and workshops. In February, for the fifth consecutive year, we hosted the
                                             Frank M. Bass UTD-Frontiers of Research in Marketing Science Conference, which has become a must-attend
                                             event for leading researchers in this discipline. This year, about 100 participants heard and discussed more
Hasan Pirkul
Dean and Caruth Chair                        than 20 papers. They were selected from submissions that came from all over the world and presented
of Management                                by representatives from such top research universities as Carnegie Mellon, Chicago, Columbia, Duke, MIT,
                                             Northwestern, Ohio State and Stanford, to name a few.
Also in February, we partnered with Carnegie Mellon University and the IT research firm Gartner to host the first Supply Chain Directors’ Conference,
which attracted more than 60 program leaders from such top universities as Penn State, Purdue and Michigan, and executives from such industry leaders
as Accenture, Honeywell, Nokia and PepsiCo.
As I write, we are getting ready to host the 2011 Annual Fraud Summit, a sold-out event that will have more than 400 people in attendance. Offering a
yearly look at fraud deterrence and detection, the summit has become a major regional gathering for internal-audit professionals. In recognition of
our leadership role, the Dallas chapter of the Institute of Internal Auditors and an anonymous corporate donor recently seeded a half-million dollar endow­
ment to support our highly rated internal audit program.
Our students continue to make us proud. A team of accounting undergraduates recently won a prestigious national award in the 2010 American Institute
of CPAs’ Accounting Competition. They competed against 64 teams from some of the best schools in the country to take first place and $10,000 in a
business challenge aimed at helping a real-world client. A few months ago, a School of Management team placed second in the annual thinkorswim Col-
legiate Trading Competition in Houston. It was the second year an SOM team took second. Our Students in Free Enterprise (SIFE) team, which comfort-
ably won its regional competition, is getting ready to go to the national contest in Minneapolis.
Our faculty members continue to receive accolades. This semester, Dr. Stan Liebowitz delivered a lecture at George Mason University as part of the
Tullock Big Ideas About Information Series, which features leading thinkers in the field. The Association of Information Technology Professionals
named Dr. Mark Thouin, director of our Management Information Systems program, one of its “Star Performers of 2010.” Dr. Sumit Majumdar earned
a Distinguished Paper Award from a division of the Academy of Management for an article examining profitability in India. Dr. Yexiao Xu recently
earned two best-paper honors for research into firm-specific risk, one from the Fifth International Conference on Asia-Pacific Financial Markets and
another from the Asian Finance Association. Dr. Rebecca Files earned the 2010-2011 Glen McLaughlin Prize for Research in Accounting Ethics for her
research into SEC enforcement after earnings misstatements.
We continue to improve our portfolio of degree programs. The Marketing area will offer a Master of Science in Marketing degree beginning this fall.
Enrollment opens this summer for the 36-hour program, which addresses the marketing profession’s increasingly data-driven orientation. Next fall, we
also will start offering real-estate majors at the undergraduate and master’s levels.
Our Centers of Excellence continue to provide outreach to the DFW business community. The Center of Finance Strategy Innovation has introduced two
indexes that measure the region’s financial health and flexibility. The indexes track the 50 largest publicly held companies headquartered locally as
barometers of economic activity in the Metroplex.
I conclude by thanking our students, alumni, faculty, staff, friends and supporters. Their hard work, dedication and belief in our efforts led to another
exciting year full of progress.
Best wishes,

Visit our site on the worldwide Web
Moving forward - Naveen Jindal School of Management
M O V I N G                                        F O R W A R D
Dr. Hasan Pirkul
Dean and Caruth Chair
of Management
Dr. Diane Seay McNulty
Associate Dean for External
Affairs and Corporate Development
MANAGING EDITOR                                 2                                                                                 2
Kristine Imherr
                                                CFSI Indexes Aim to Track Region's
ThinkHaus Creative, Inc.                        Economic Evolution
 Dorit Suffness
 Principal                                      Jimmie R. Markham
PHOTOGRAPHY                                     The Center for Finance Strategy Innovation has created
Randy Anderson                                  two new indexes following the 50 largest publicly held
John P. Barden
Downtown Dallas, Inc.                           corporations in North Texas to see how their business
Randy Eli Grothe                                relates to the area’s well-being.
Kristine Imherr
Gerry Kano
Kathryn McNeill
Richard Michael Pruitt                          MBA Programs and Research
Ken Sharp
                                                Productivity Move Up in New Rankings                                              8
Justin Terveen
Brian L. Wiest                                  Jill Glass and Kris Imherr
Harriet L. Blake                                SOM’s Full-Time and Professional MBA programs rank
Paula Felps                                     among the top 20 public universities in the U.S.,
Jill Glass
                                                according to new U.S. News & World Report standings.
Kristine Imherr
Jimmie R. Markham                               A separate index shows faculty research output also
Jeanne Spreier                                  ranks in the top 20 nationally and internationally.
Lisa Tanner
MANAGEMENT Magazine is a publication            Bringing Supporters and Scholars
of The School of Management, UT Dallas,
in the autumn and spring for friends of         Together
the university. The School of Management        Benefactors and students who benefited from their
retains the right to determine the editor­ial
                                                generosity met and mingled at a Scholarship Breakfast        DEPARTMENTS
content and manner of presentation.
The opinions expressed in this magazine         Donor Reception.                                             10 Faculty News
do not necessarily reflect official
univer­s ity policy.
                                                8                                                            15 Program Updates
© University of Texas at Dallas, 2011           On the Guest List
                                                                                                             17 Center News
UT Dallas is an equal opportunity/              The School of Management regularly welcomes high-profile
affirmative action university.
                                                leaders and executives who share their expertise in myriad   20 Student News
                                                ways. Here are some who recently have visited.
                                                                                                             26 Alumni News

                                                                                                             29 Contributors

On the cover: “Main Street,” a
photograph of downtown Dallas
by Justin Terveen

VOLUME 14, No. 2 SPRING 2011
Moving forward - Naveen Jindal School of Management
By Jimmie R. Markham

CFSI Indexes Aim to Track Region’s Economic Evolution

                                                as the flexibility of those companies, many
                                                segments of which are not in North Texas.
                                                   “If we’re going to continue to attract      in other words, if the companies do well,
                                                headquarters of large companies here,          they are leading change in the community.”
                                                then we should be keeping track of how
         he School of Management hopes two
indexes recently created by one of its Cen­
                                                well they are doing,” Dr. Springate, the
                                                center’s founder and director, says. “In
                                                                                               What the Indexes Track
ters of Excellence will act as new barometers   other words, my premise is that there’s a         The Index of Financial Health tracks
for the North Texas business community by       good reason to have large companies here.      composite statistics such as year-over-year
tracking patterns that could forecast both      Even when they don’t bring the jobs to the     sales growth, positive quarterly profits, year-
positive change and economic turbulence.        region, they still add a lot to the economy.   over-year profit-margin growth, increases
      Spearheaded by Dr. David Springate, the   They bring a more-educated work force.         in quarterly return on assets, increases in
Center for Finance Strategy Innovation          They help our region move toward the head      year-over-year cash flows from operations
has constructed two financial indexes relat­    of the line in driving economic activity. If   and decreases in year-over-year inventory
ing to the 50 largest publicly held corpora­    they’re doing well, they employ more people,   as percent of sales.
tions in North Texas. These complementary       they purchase more goods and services,            The Index of Financial Flexibility tracks
indexes measure the financial health as well    they tend to give more philanthropically —     increases in quarterly short-term debt

  2                                                                                                                   The School of Management
Moving forward - Naveen Jindal School of Management
Professor hopes new measures of top companies’ financial health
       and flexibility will prove useful as DFW economic indicators.

       to assets, year-over-year long-term debt                                                       in the region, is able to create new educa­
       changes and payment of cash dividends.                                                         tional programs. The actual study is part
          “We would like to see how the indexes                                                       of this total context for me of a broader set
       track over time and then tie them in with       pretend I’m there yet,” he cautions. “I’ve     of issues relating to the region.”
       subsequent actions of either the group of       just started this study, so I don’t want to       Dr. Springate’s goal is not to be “some
       companies or individual companies,” Dr.         read implications into it.”                    isolated tower out there that does stuff
       Springate says. “Upon initial analysis, these      The study falls within the larger context   of interest only to the academics” but rather
       numbers appear to fit nicely with our under­    of the center’s mission, which is to educate
       standing of how the downturn affected the       people and run programs that help advance
                                                                                                                    David Springate
       economy and the subsequent recovery.”           regional competitiveness and innovation,
          Even though it is too early to say how       especially on the financial side.
       useful these numbers might be, Dr. Springate       “We also have the mission of finding
       has “great hope” that these indexes             out where we can make improvements and
       will lead him to say that there is a tie-in     how this is happening,” Dr. Springate says.
       or predictability or that something is likely   “The context for me in a narrow sense is
       to follow from them.                            the center, which after investigating how
          “I’m not there yet, and I don’t want to      competitive and innovative companies are

UT Dallas | Spring 2011                                                                                                                           3
Moving forward - Naveen Jindal School of Management
DFW Top-Ranked Public Companies
1     ExxonMobil Corporation
2     AT&T Inc.
                                           “to engage the community — broadly
3     AMR Corporation
                                           speaking, the academic and financial
4     Fluor Corporation
5     Kimberly-Clark Corp.                 communities — in an ongoing conver­
6     JCPenney Company, Inc.               sation about what’s going on in the
7     Burlington Northern Santa Fe Corp.   world that is of interest to this region
8     Texas Instruments Incorporated       and how we can make things better.”
9     Dean Foods
                                                 Knowing that economic competition
10    Southwest Airlines Co.
                                           is being driven by increased globaliza­
11    Commercial Metals Co.
12    Energy Transfer Partners LP          tion and the need to recover well from
12    Energy Transfer Equity LP            the economic downturn, Dr. Springate
14    Gamestop Corp.                       hopes that the center can partner with                   The indexes reflect the area’s

15    Tenet Healthcare Corp.               the business community to help drive                         vibrancy and vitality.
16    Centex Corp.
                                           economic activity.
17    XTO Energy Inc.
18    Atmos Energy Corp.
19    Celanese Corp.
20    D.R. Horton Inc.
21    Affiliated Computer Services Inc.
22    Holly Corp.                          CFSI Indexes, Summary Measures 2009-2010
23    Dr Pepper Snapple Group
24    Blockbuster
25    Alon USA Energy Inc.                 90
26    Crosstex Energy LP
26    Crosstex Energy Inc.
28    Flowserve Corp.                      70
29    Brinker International, Inc.          60
30    RadioShack Corp.
31    Comerica Inc.
32    Trinity Industries                   40
33    Lennox International Inc.
34    Idearc Inc.
35    Rent-A-Center Inc.                   20
36    Perot Systems Corp.                  10
37    MetroPCS Communications Inc.
38    Sally Beauty Holdings Inc.           0
                                                      Q1           Q2          Q3           Q4            Q1         Q2           Q3
39    AmeriCredit Corp.
40    ENSCO International Inc.
                                                                        2009                                        2010
41    Pioneer Natural Resources Co.             Index of Financial Health      Index of Financial Flexibility     U.S. Unemployment Rate
42    Zale Corp.
43    Alliance Data Systems Corp.               Yellow-shaded area represents recession as designated by the National Bureau of Economic
                                                Research. It ended in June 2009.
44    Cinemark Holdings Inc.
45    Fossil Inc.                          The numbers in the column at left represent percentages. In an ideal world, companies with
46    Exco Resources Inc.                  optimal performance would register 100 if they had year-over-year sales growth, positive
47    Valhi Inc.                           quarterly profits, year-over-year profit-margin growth, increases in quarterly return on assets,
48    Denbury Resources Inc.               increases in year-over-year cash flows from operations and decreases in year-over-year inven-
                                           tory as percent of sales. For both the Financial Health and the Financial Flexibility measures,
49    Range Resources Corp.                the graphed percentages represent an average based on the top 50 public companies report-
50    Pier 1 Imports Inc.                  ing in these indicator categories.

Based on 2009 data published in the
Dallas Business Journal

  4                                                                                                             The School of Management
Moving forward - Naveen Jindal School of Management
School of Management MBA Programs Rank
         Among TOP 20 Public Universities in U.S.
  Overall, the Full-Time Program MOVES TO NO. 40. The Part-Time Program MOVES TO NO. 36.

                                                              By Jill Glass

           he School of Management’s Full-Time MBA and Part-               The school’s Professional (Part-Time) MBA program also
           Time MBA programs climbed to the top 20 public              jumped in the national rankings. It moved up two spots, tying
           university programs in the nation, according to the         for No. 20 among public universities, and climbed five places to
           latest U.S. News & World Report survey.                     land at No. 36 overall.
               The publication’s annual report, “2012 Best Gradu­          “We are pleased to see The School of Management in U.S. News’
ate Schools” released March 15, positions the school’s Full-Time       top-tier schools once again,” Dr. Hasan Pirkul, dean and Caruth
MBA at No. 40 overall, up from No. 50 last year, and tied for No. 17   Chair of Management, says. “It’s gratifying when others benchmark
among U.S. public universities.                                        and recognize the progress we’ve made building a strong faculty to
                                                                                                                        Continued on page 25

       UT Dallas Releases Annual Business School
                   Research Rankings
           The School of Management MOVES TO NO. 15 nationally and NO. 16 worldwide.

                                                             By Kris Imherr

              n index that tracks business-    standings places the school at No. 15             ment Dean and Caruth Chair of Manage­
              school faculty research pro­     among its U.S. and Canadian peers and at          ment Hasan Pirkul says about the new
              ductivity shows The School       No. 16 worldwide. Both rankings are up            rankings. “Research is a key component of
              of Management solidifying        one place from last year.                         higher education, and it quickly benefits
              its top-20 position, both            “Our faculty continues to cement a            students.…Our progress in these rankings
in North America and globally. Based           well-deserved reputation — both nation­           underscores our commitment to be the
on scholarly works published in leading        ally and internationally — for ongoing            best and offer them the best.”
academic journals, an annual update of         serious scholarship,” School of Manage­              These results appear in The UTD Top
                                                                                                                        Continued on page 25
Moving forward - Naveen Jindal School of Management
Bringing Supporters

                                                                                                       reception in The School
                                                                                                       of Management atrium
                                                 S C H O L A R SH I P                                  early last December

                                                    B R EA KFA ST                                      honored the companies
                                                                                          that contributed to the school’s
                                                        DONOR                             second annual Scholarship Break-
                                                                                          fast earlier in the year. Company
                                                    R EC EP T I O N                       representatives met the students
                                                                                          who received scholarships because
                                                                                          of this corporate generosity. Giving
Advisory Services senior associate Charles
                                                                                          topped more than $116,000, and
Spencer (left) and firm partner David
                                                                                          more than 50 students benefited.
Hazels (center), both of accounting firm
Grant Thornton, took a moment to pose
with one of the company’s scholarship
recipients, Viktoriya Smith.

                                             Taro Wanatuba (left), assistant human
                                             resources manager at Fujitsu Network
                                             Communications and a native of Japan,
                                             met scholarship recipient Brendon Frayne
                                             (center), who is minoring in Japanese.
                                             Walt Ellis (right), Fujitsu’s senior human
                                             resources manager and a School of
                                             Management Advisory Council member,
                                             introduced them.

BDO campus recruiting manager Erica                                                       Advisory Services senior associate John
Peterson (left), BKD tax staff member                                                     Wauson (left) and Advisory Services
Grace Iao (center) and BKD recruiter                                                      partner Jody Allred, both of the
and trainer Ashley Templeton enjoyed                                                      accounting firm of Weaver, attended.
some coffee. About 45 students and 40                                                     Weaver gave $1,500 for scholarships last
professionals attended the reception.                                                     year and is a top recruiter of School of
                                                                                          Management students.

                                             Fred Maldonado (left), regional director
                                             of external affairs at AT&T, chatted with
                                             AT&T scholar Joanna Leung.

    6                                                                                                   The School of Management
Moving forward - Naveen Jindal School of Management
and Scholars
       +     Together

The reception brought together repre-      Ericsson donated $52,500 in scholarships     Sarah Thompson (left), associate in
sentatives of donor companies, such as     last year, enough for 21 scholars. Eleven    Deloitte’s Forensic and Dispute Services,
Jeanne Hooker (left), manager of public    scholarship recipients are pictured here     and Carolyn Bremer (center), manager of
affairs at Atmos Energy, and scholarship   with Ericsson representatives Jamie Kapper   those services, mingled with Sara McLane,
recipients such as Dillon Hanks, Atmos     and Jennifer Bonicelli (far right).          the Dallas Association of Certified Fraud
Energy scholar.                                                                         Examiners scholar.

Adam Rivon, one of 21 Ericsson scholars,   Kit Miller (left), director of Rockwell      Sean Strong (left), internal-audit student,
spoke about his experiences as a full-     Collins’ Richardson operations, and          Chris Linsteadt (center), senior lecturer
time MBA student. Mr. Rivon graduated      Chris Spartz, full-time MBA student          and assistant director of the Center for
in December.                               and a Rockwell Collins scholar, enjoyed      Internal Auditing Excellence, and Allison
                                           breakfast and conversation.                  Britton, internal-audit student, caught up
                                                                                        on coffee and conversation.

UT Dallas | Spring 2011                                                                                                       7
Moving forward - Naveen Jindal School of Management

Guest List                                                                           The School of Management regularly
                                                                                     welcomes local leaders and experts
                                                                                     whose visits complement course work
                                                                                     and enhance learning. Here are a few
                                                                                     who recently have given their time.

    ollowing a question-and-
    answer session with

students in an entrepreneur-                                       ne highlight of marketing
ship class November 19,                                            students’ sports-themed
2010, businessman Sam                                          “Go Pro!” promotion of the new
Wyly autographed copies                                        undergraduate marketing degree
of his autobiography, 1,000                                    on August 25, 2010, was career
Dollars & an Idea: Entrepre-                                   advice from Craig Zurek, director
neur to Billionaire.                                          of media development and sales
                                                               for the Dallas Cowboys. 

                                                                                                       t the Global Leadership
                                                                                                       Executive MBA Speaker Series
                                                                                                    gathering January 20, Dallas
                                                                                                    Area Rapid Transit President and
                                                                                                    CEO Gary Thomas (right) spoke
                                                                                                    with Associate Dean for Executive
                                                                                                    Education Gerald Hoag. 

                                                                   he Center for Information Technology and Management debuted
                                                                   “An Afternoon With…,” a new speaker series, February 11 with
                                                               Hewlett-Packard innovation and marketing strategist Jeff Wacker,
                                                               who discussed the future of technology. 

                                  r. Robert J. Potter, president and CEO of his self-named consulting firm, R.J. Potter Company,
                                  looked “Inside the Boardroom” October 13, 2010, as he shared insights from his more than
                               30 years of experience as a public company director at firms such as Molex, Zebra Technologies
                               Corporation and Cree, Inc., with students in Dr. Constantine Konstans’ Corporate Governance class. 

8                                                                                                             The School of Management
                                                                                 Dallas undergraduate, master’s and PhD alumna Michelle Adams
                                                                                 returned to campus November 12, 2010, in her role as vice
                                                                          president of PepsiCo Customer Strategy and Shopper Insights to present
                                                                          key results at a marketing conference from a snack study she undertook
                                                                          with School of Management PhD candidate Marina Girju. 

       D                                                                   S
          allas Mavericks owner                                                am Gilliland, a 1994 Executive MBA alum who is chairman and
          Mark Cuban made good                                                 CEO of travel-solutions holdings company Sabre, spoke to Exec
       on a promise to a student                                           Ed students at the CEO Speakers Series luncheon January 14. He
       — and packed Davidson                                                                                 was scheduled to speak again
       Auditorium — when he                                                                                  on May 12. 
       appeared as the first guest
       of the academic year in
       the Entrepreneurship Club
       Exchange Series of speakers
       on September 14, 2010. 

                                              enior Vice President of Surgical Services at Parkland Health
                                              and Hospital System in Dallas Bradley Simmons (far left)
                                           and his boss, Parkland’s Executive Vice President and Chief

                                           Operating Officer John Haupert (far right) pose with Dr. Forney          onnie Jung, executive
                                           Fleming, director of SOM’s MS in Healthcare Management pro­              director, Teacher Retirement
                                           gram, after the February 10 meeting of the student Healthcare         System of Texas, discussed the
                                           Management Club. Leaders in the American College of                   system’s investment strategy
                                           Healthcare Executives, a professional society, Mssrs. Simmons         for external private markets
                                           and Bradley gave a presentation on the merits of membership.         at the Private Equity Funds
                                                                                                                 Symposium that the SOM-based

          r. Xian Bing, founding dean                                                                            Center for Financial Strategy
          of China’s first private, non­                                                                         Innovation held January 11. 
       profit and independent business
       school, the Cheung Kong Graduate
       School of Business, gave a pre­
       sentation on innovation at that                                                   Many School of Management events are
       school and “The Globalization                                                     free and open to the public. Keep abreast
       of Chinese Companies” on                                                          of them on the school’s coming events
       November 10, 2010.                                                               calendar at:

UT Dallas | Spring 2011                                                                                                                          9


A     shbel Smith Professor of Managerial Economics Stan Liebowitz accepted an invita-
      tion to give the Tullock “Big Idea” public lecture on one of his research specialties,
the impact of file-sharing on intellectual property rights, at George Mason University
School of Law in Virginia in late February. An expert on the economics of technology’s
impact on property rights, Dr. Liebowitz directs the Center for the Analysis of Property
Rights and Innovation, which is based in The School of Management. His George Mason
lecture, “Sometimes It Is a Wolf: Piracy, Fairy Tale Business Models and Intellectual Prop-
erty on the Internet,” explored evidence regarding the impact of online theft, problems
with approaches taken by academics to try to measure the impact, and the failure of
alternative business models often championed by academics in naïve academic papers.
    His appearance came as part of George Mason University’s Information Economy
Project, a scholarly effort to study telecommunications as it relates to economics, law                             Stan Liebowitz
and public policy. The Tullock Lecture Big Ideas About Information Series invites prom­
inent thinkers to examine challenging issues related to the project.

                                                                                Awards Honor
                                                                                Faculty and Staff
                                                                                1 Marina Girju (left)and Xuying (Cathy) Cao celebrate
                               1                                       2        being named The School of Management’s outstanding
                                                                                teaching assistants for the 2009-2010 academic year
                                                                                at an awards ceremony last September. Dr. Cao earned
                                                                                her doctorate last year and now serves as the school’s
                                                                                associate director of the Master of Science in Finance
                                                                                (see degree program.
                                                                                Ms. Girju continues her doctoral studies in marketing.
                                                                                    Other recipients of the annual Teaching and Staff
                                                                                Awards were 2 David Dial (right), outstanding adjunct
                                                                                faculty member, with School of Management Dean
                                                                                Hasan Pirkul; 3Matt Polze, outstanding online teacher;
                               3                                       4
                                                                                4Charles Hazzard, outstanding undergraduate teacher;
                                                                                5David Mauer, outstanding graduate teacher;
                                                                                and 6 Andrea Hapeman, outstanding staff member.
                                                                                    All award winners received a plaque and a grant of
                                                                                $1,000. The school’s Teaching Committee reviewed
                                                                                nominations and selected recipients based on their
                                                                                abilities and teaching excellence. A separate committee
                                                                                of school staff members chose the Outstanding Staff
                                                                                Award recipient.

                               5                                       6

     10                                                                                                        The School of Management

     Professor Gains Expertise Researching
      Accounting Truth and Consequences

                       ssistant Accounting          Ethics from the Univer-                                                can Accounting Association
                       Professor Rebecca Files      sity of Oklahoma. The                                                   accepted their work, “Is
                       is gaining increasing        prize, which carries a                                                   Option Backdating Ef-
                       recognition as a schol-      $15,000 award, goes to                                                   ficient Contracting or
                       arly expert on financial     an unpublished work                                                      Compensation Fraud?
                       reporting issues. Recent     that contributes to the                                                  Evidence From Executive
  accounting conferences showcased three of         understanding of ethical                                               Turnover,” (see http://
  her research articles that examine causes         concepts and applies that                                  
  and consequences of financial misreporting.       understanding to accounting                                       cfm?abstract_id=1670116) for
  A fourth paper exploring the same topic has       issues in an effective way.                                       its midyear conference.
  won a prize for research in accounting eth-       OTHER RESEARCH                             Rebecca Files             The section also accepted
  ics and has been accepted for publication by        In a second paper, Dr. Files                                    “The Impact of Restatements
  the Journal of Accounting and Economics.          and colleagues zeroed in on the debate of          on Bank Loans: Evidence From the Supply
     That study, “SEC Enforcement: Does Forth-      whether “backdating” stock options is              Chain,” (see
  right Disclosure and Cooperation Really Mat-      an effective form of executive compensation        cfm?abstract_id=1636862) a study co-authored
  ter?” (see      or constitutes fraud. Typically when managers      by fellow School of Management Assistant
  offers good and bad news about Securities         backdate, they set an earlier date for grant-­     Accounting Professor Umit G. Gurun that
  and Exchange Commission enforcement for           ing options, one on which their company’s          investigates whether financial restatements
  companies that have misstated their earnings.     market price was lower, so that the options        announced by peer firms, suppliers or cus-
     The study shows that companies that are        are already “in-the-money” when granted            tomers influence the interest rate a borrower
  proactive about self-disclosure are more likely   to executives.                                     receives from lenders.
  to be sanctioned by the SEC, the federal agency      Analyzing disciplinary actions and turnover        The accounting association’s Auditing Sec-
  charged with enforcing the nation’s securi-       involving CEOs, CFOs, board chairmen and           tion featured a fourth paper, “Why Do Firms
  ties laws. But the upside of being forthcoming    general counsel, Dr. Files and coauthors —         Restate Repeatedly?” (see http://papers.ssrn.
  is that the monetary penalties levied against     Drs. Jap Efendi of UT Arlington, Bo Ouyang         com/sol3/papers.cfm?abstract_id=1748822)
  those firms or their managers are reduced.        of Penn State Great Valley and Edward P.           which Dr. Files wrote with Dr. Nathan Y.
     Dr. Files studied 1,249 restatements made      Swanson of Texas A&M Uni-                          Sharp and Anne Thompson of Texas A&M
  between 1997 and 2005, paying particular at-      versity — found that when                                          University, at its midyear con-
  tention to how the SEC dealt with violations.     backdating occurs, “turnover                                       ference. The work examines
     Emerging at the top of a field of 48           increases substantially” for                                       the characteristics of repeat

  contending U.S. and international submis-         these managers.                                                    restatement firms and their
  sions, her work earned the 2010-2011 Glen            The Financial Accounting and                                    auditors.
  McLaughlin Prize for Research in Accounting       Reporting Section of the Ameri-

                                                                                                Umit G. Gurun

UT Dallas | Spring 2011                                                                                                                      11


A    ssociate Finance Professor Yexiao Xu has won two-best paper
     awards for research that advances the role that risk unique to in-
dividual firms plays in the valuation of their stocks and other securities.
                                                                              idiosyncratic risk has not been fully diversified away. That reaffirms
                                                                              the need to assess idiosyncratic risk as a factor in asset pricing.
                                                                                 In his previous award-winning paper — written with Dr. Xuying
   Most recently, Dr. Xu and his co-authors won the Outstanding               (Cathy) Cao, associate director of The
Paper Award and $2,000 from the Fifth International Conference on             School of Management’s MS in Finance (see
Asia-Pacific Financial Markets, which was held December 4, 2010, in  program
Seoul, South Korea.                                                           — Dr. Xu showed that in the long run,
   In “When Does Idiosyncratic Risk Really Matter?” (see http://papers.       firm-specific risk can be priced — that is, Dr. Xu and colleagues           measured in terms of its reward for the
Tony Ruan of Xiamen University and Qian Sun of Fudan University               risk taken. Their paper, “Long-Term Idio-
provide evidence linking idiosyncratic — that is, firm-specific — risk to     syncratic Volatilities and Cross-Sectional
                                   expected future market returns.            Stock Returns,” (see http://papers.ssrn.
                                      Total risk consists of two com-         com/sol3/papers.cfm?abstract_id=1569945)
                                   ponents, Dr. Xu points out. System-        earned the best-paper award from the               Xuying (Cathy) Cao
                                   atic — or market — risk cannot             Asian Finance Association last July.
                                   be avoided. “But idiosyncratic risk           In the more recent paper, “we look at the importance of idiosyn-
                                   is something we can get rid of by          cratic risk on the aggregate level,” Dr. Xu says. “If idiosyncratic
                                   holding a diversified portfolio,” he       risk changes over time and can be priced, it should be able to predict
                                   explains.                                  future returns.”
                                      That is the view of how idiosyn-           Dr. Xu and his colleagues propose a novel approach to measure
                                   cratic risk can be handled in a per-       priced idiosyncratic risk and have devised an econometric method that
                                   fect capital market. But researchers       successfully predicts future market returns using that measure.
                                   are re-examining the perfect-market           Both papers not only serve to reconcile contradictory results in past
                                   assumption, Dr. Xu says, and as they       asset-pricing research that involves idiosyncratic risk but also advance
            Yexiao Xu
                                   uncover imperfections, they discover       understanding of the role of idiosyncratic risk, Dr. Xu says.


       xamining profitability in India, Dr.         SumitKMajumdar.pdf) earned a 2010                   past two years. He also has written or
       Sumit Majumdar and a colleague,              Distinguished Paper Award from the                  co-written seven articles published last year
       Dr. Arnab Bhattacharjee of the               Business Policy and Strategy Division of            on telecom-
University of Dundee, compared the roles            the Academy of Management. The honor                munications,
that company-specific competencies                  reflects that reviewers of the nearly 700           another
and industry trends played in the success           papers submitted to the division’s annual           subject of
of manufacturing firms. They studied a              meeting rated it in the top 1 percent.              research inter-
period, 1980 to 1996, during which India’s              A professor of technology strategy,             est to him.
economy underwent increasing liberal­               information systems and operations man-
ization. Their work, “The Profitability             agement, Dr. Majumdar has authored or
Dynamics of Indian Firms,” (see www.isid.           co-authored 10 articles on Indian firms’            strategy and the Indian economy in the

                                                                                                                                 Sumit Majumdar

       12                                                                                                                   The School of Management


            r. Mark Thouin, director of Manage-
            ment Information Systems programs
            in The School of Management, was
  named Star Performer of 2010 in Region 3 of
  the Association of Information Technology
  Professionals. The
  association, a                                            Suresh P. Sethi                  Gregory G. Dess
  worldwide society of
  information technol-
  ogy (IT) experts, also
  named the UT Dallas                               PROFESSORS PRODUCE
  student chapter (see the
                                                    NEW TEXTBOOKS

  best chapter in the                                              decade of inventory-control research has resulted
  six-state region (see IT                                         in a new textbook by Dr. Suresh P. Sethi and
                                   Mark Thouin
  Student Chapter Takes                                            colleagues Dirk Beyer, Feng Cheng and Michael
  Top Honors on page 21)                                           I. Taksar. Their work, Markovian Demand Inven-
  of Texas, Oklahoma, New Mexico, Arkansas,          tory Models, International Series in Operations Research and
  Louisiana and Mississippi.                         Management Studies, Vol. 108 (Springer, 2010), “contains the
     Both awards were presented last October at      most complete, rigorous mathematical treatment of the classical
  the AITP Region 3 conference in Houston.           dynamic inventory model with stochastics demands that I am
     Star Performer honors recognize Dr. Thouin’s    aware of,” Donald L. Iglehart, professor emeritus of operations
  involvement in growing the student chapter         management at Stanford University, has observed. Dr. Sethi is
  from 31 to 91 members last year and his work       the Charles and Nancy Davidson Distinguished Professor of In-
  in organizing a 2009 conference that drew          formation Systems and Operations Management and director
  350 university students to UT Dallas for semi-     of the Center for Intelligent Supply Networks.
  nars and competitions.                                Strategic Management: Creating Competitive Advantages, 5th
     Dr. Thouin joined The School of Manage-         ed. (McGraw-Hill/Irwin, 2009) covers such contemporary
  ment in 2008 after completing his doctorate        topics as digital and Internet strategies, innovation and cor­
  at Texas Tech University. Previously, he spent     porate entrepreneurship, knowledge management and intellec-
  about 13 years as an IT consultant support-        tual assets. Dr. Gregory G. Dess, Andrew R. Cecil Endowed
  ing a variety of organizations and industries,     Chair in Applied Ethics and coordinator of The School of
  including the Department of Defense, Coast         Management’s Organizations, Strategy and International Man-
  Guard, Environmental Protection Agency, Sara       agement area, co-authored the textbook with Dr. G.T. (Tom)
  Lee Knit Products, Krispy Kreme and others,        Lumpkin and Dr. Alan B. Eisner. The new edition includes new
  in technical and managerial roles.                 case-analysis selections and many new and updated illustrations.

UT Dallas | Spring 2011                                                                                               13

Marketing Program Director Examines                                                            FULBRIGHT
Product Failures                                                                               SCHOLAR
V   isions magazine, a publication of the Product Development
    and Management Association, included an article by senior
lecturer Alexander Edsel in its March issue. “The Blame Game:
                                                                                               TO POLAND
When Product Launches Fail” examines how most companies                                           Dr. Jonathan M. Hochberg, a School
determine why a product fails and explains how to use root-                                    of Management senior lecturer and
cause analysis in a product-management setting.                                                dean’s office special projects administra-
   Mr. Edsel, director of The School of Management’s new                                       tor, returns to Poland this spring on a
Master’s of Science in Marketing degree program (see MS in                                     Fulbright Scholarship to teach interna-
Marketing Program Debuts This Fall on page 15), has co-founded a       Alexander Edsel
                                                                                               tional corporate finance to executive and
local professional group for product managers that started last                                MBA students at the Kraków School of
year. The Dallas/Fort Worth Product Group offers networking opportunities for product
                                                                                               Business and Commerce. He also taught
managers involved in the creation, launch and evolution of a product as well as for profes-
                                                                                               in Poland last year.
sionals who develop supporting business models.
                                                                                                  Dr. Hochberg previously lectured as a
   The group has more than 120 members and plans to hold a free, user-organized “un-
                                                                                               Fulbright Scholar in Uruguay in the MBA
conference” product camp on product management and marketing topics at The School of
                                                                                               Program at ORT University in 1998.
Management on May 21 from 8 a.m. to 4 p.m. For information, visit
                                                                                                  While in Kraków last year, he submit-
                                                                                               ted four postings to CNN’s iReports, a
                                                                                               community news site (see http://ireport.

Sustainability Expert and Colleagues                                                           view=document). In his first post, he re-
                                                                                               flected on being in Poland on Earth Day.
Win Case Competition                                                                           Dr. Hochberg, an environmentalist who
                                                                                               founded Trees for Humanity (http://trees-

D    r. Francisco Székely and his colleagues have won an inaugural “hot topic” case com-
     petition for a classroom exercise they created that integrates leadership and energy
sustainability. Dr. Székely, Dr. George Kohlrieser of the IMD Business School and Sophie
                                                                                     , a nonprofit tree-planting
                                                                                               organization for kids, conducted a tree
                                                                                               planting at Kraków University of Eco-
Coughlan, an IMD research associate, took the top prize in the European Case Competition
                                                                                               nomics last May.
sponsored by the European Case Clearing House (ecch).
   The clearinghouse is a nonprofit that promotes and facilitates case study-based learn-
                           ing in management education. Its first “hot topic” contest
                           focused on renewable and sustainable energy, technology and
                           devel­opment. Dr. Székely’s winning entry, “Playing to Win:
                           Leadership and Sustainability at ESB Electric Utility,” dealt
                           with a 95 percent publicly owned Irish utility’s plan to become
                           carbon neutral by 2035.
                               “The judges were uniformly impressed by the quality of
                           your case and its relevance to the topic.…yours was a worthy
                           winner,” ecch Director Richard McCracken said in announcing
                           results. The competition attracted 37 cases submitted from 30
                           institutions in 14 countries.
   Francisco Székely

                                                                                              Dr. Jonathan M. Hochberg organized a tree
                                                                                              planting for kids, their parents and grandparents
                                                                                              at Kraków University last year.
      14                                                                                                     The School of Management


                  new School of Management       and lower cost also make the new MS pro-      Product Management for non-degree- as
                  Master of Science in Mar-      gram very attractive, he says.                well as degree-seeking students.
                  keting degree program de-         The 36-credit-hour program consists of         Because of the large volume of data
                  signed to prepare students     9 hours of business core courses covering     available from the Internet — search
                  to compete in the increas-     such topics as database systems, statistics   behavior, social networking and mobile
                  ingly data-driven marketing    and introduction to marketing, and 9          smart phones — and scanner data, market-
  profession begins this fall. The program       hours of marketing core courses, including    ing has become much more data-driven,
  will train students for jobs in business de-   foundation courses in consumer behavior,      Mr. Edsel says. “Our program places a
  velopment, Internet-based advertising and      market research and a strategy capstone       heavy emphasis on this aspect. For ex-
  marketing, marketing analytics, product        market-simulation course.                     ample, we require statistics and an MIS
  management and marketing management.              For the remaining 18 credit hours,         database course as part of our core courses
      Given the green light by the Texas         degree-seekers may choose marketing-          so students are comfortable with manipu-
  Higher Education Coordinating Board in         focused courses related to one of the five    lating data, creating a database and run-
  January, the new offering answers indus-       tracks they choose:                           ning queries or making decisions using
  try demand for professionals who have             •	Advertising and Brand                   statistics.”
  completed more marketing courses than                Management                                  Students can enroll and begin classes
  available through the existing graduate-          • Business Development                     during the summer 2011 semester. The
  degree option, an MBA with a marketing            •	Marketing Analytics and                 deadline to enroll for the fall semester is
  concentration.                                       Market Research                         July 1 for domestic students and May 1 for
      In the MBA program, students can take         • Marketing Management                     international students.
  a maximum of 15 hours of marketing                • Product Management                           For program details, visit http://som.
  courses, Graduate Marketing Program Di-           The school also offers two optional or contact
  rector Alexander Edsel says. For those not     professional certificates, one in Marketing   Alexander Edsel, at 972-883-4421 or alex-
  considering an MBA, a shorter duration         Analytics and Market Research and one in

    The local chapter of the American Ad-
 vertising Federation (formerly the Dallas Ad
 League) donated $3,000 this academic year         Brianna Minnish (left) and AAF Dallas    Gayle Boone (left) and Kristin Steed
 for merit-based scholarships to marketing         President Gayle Boone
 students, prompting presentation visits from
 AAF Dallas President Gayle Boone. Last
 November, Ms. Boone awarded MBA student Kristin Steed the $1,500 AAF-Morris Hite Center Graduate Scholarship. In February,
 Ms. Boone returned to present scholarships of $375 each to undergraduates Brianna Minnish and (not pictured) Luis Lopez,
 Mario Vivar and Michelle Tamez. Last December, Natalia Hunt, an MBA student with a concentration in marketing, received the
 $1,000 Annie Laurie Bass Scholarship, a merit-based award available through the school.

UT Dallas | Spring 2011                                                                                                          15

                    Safran Programs Showcase Custom Offerings
                       ‘E xec E d            is not just about                          MBA s .’                 By Paula Felps

           early 50 students from nine countries visited UT Dallas            While the Management Development Program is geared to
           in January as participants in a Management Develop-             junior managers, GMP — which takes about four months to com-
           ment Program that The School of Management custom-              plete — is designed for managers of managers.
designed for Safran Corporate University.                                      “These are not workshops in the traditional sense,” Mr. Fowler
    The program represents a significant collaboration, one of two         says. “Students have an e-learning component that they participate
high-profile curriculums that the school has created for the cor-          in before they sit in the classroom with us.”
porate university and its parent, Safran Group, a Paris-based aero-           Preparatory online sessions include such subjects as accounting,
space, defense and security company.                                       finance, strategy overview and practical applications of business
    Gustavo Castillo, Safran Corporate University’s program man-           theory. On a broader level, the courses cover leadership, cultural
ager, says the curriculums are two of the company’s most impor-            awareness, strategy, organizational development, finance, Lean Six
tant corporate training programs. “The dedication applied by all           Sigma and supply chain management, among other key topics. To
involved members from UTD makes a great fit for us,” he says.              teach business principles, the program uses business cases, text-
    The nine-month career-development program combines online              books and video.
learning with classroom sessions, and is targeted toward rising               Each program also develops a corporate improvement project
stars in Safran, which operates in 50 countries.                           delivered to Safran’s senior executives.
    The School of Management earned a five-year contract to de-               The school’s ability to find faculty members to interact with
liver the Management Development Program because of previous               managers and executives and who know how to apply research in
                           work with Safran.                               specific applications “is a great advantage in developing custom-
                                “We won the contract to do [a]             designed corporate programs,” Mr. Fowler says.
                           Global Management Pass Program                     Mr. Fowler says the programs showcase the depth and
                           (GMP) for six programs, and we have             breadth of educational experiences that The School of Manage-
                           managed them since January of ’09,”             ment has to offer. “We are showing that we can support a
                           John M. Fowler, SOM’s director of man-          company that is roughly the size of Texas Instruments. This is a
                           agement and business-development                great opportunity for us to show that executive education is not
                           program, says.                                  just about MBAs.”

   John M. Fowler

      The International Management Studies program has a change in degree designation, from a Master of Arts
   to a Master of Science program. “Because we believe an MS is a stronger indicator of the kind of detailed train-
   ing and preparation we deliver to students,” Dr. Habte Woldu, director of international management programs,
   said, “we asked the Texas Higher Education Coordinating Board to do this.” The degree change took effect                       Habte Woldu
   March 8. For more information, visit .

      16                                                                                                               The School of Management


                    he Dallas Chapter of the Institute of Internal Auditors    chapter on the changing role of internal auditing and trends re-
                    and an anonymous corporate donor have seeded a             shaping the profession.
                    new endowment to maintain The School of Manage-               On the job, internal auditors systematically evaluate and moni-
                    ment’s top-rated internal-audit program, giving two        tor companies to improve efficiency, accountability and regulatory
      checks that initiate an effort to raise a half million dollars.          compliance. Their efforts provide important insight to company
         To recognize and ensure continuance of the program’s excel-           operations and performance. Internal auditors work across all
      lence, the Dallas IIA raised $30,000 for the new endowment, and          industries and in the public-service sector, and they have been
      the corporate donor gave $15,000. But thanks to a matching com-          increasingly in demand as business has focused more and more on
      mitment from School of Manage-                                                                            corporate responsibility during the
      ment Dean Hasan Pirkul, the                                                                               last decade.
      contributions doubled in value,                                                                               “School of Management
      to $90,000.                                                                                               internal-audit graduates are in de-
         The Institute of Internal Audi-                                                                        mand,” Mr. Salamasick said, “and a
      tors, a worldwide professional                                                                            great many move directly into top
      association that is the Dallas IIA’s                                                                      jobs in such Fortune 50 companies
      parent group, endorses the UT                                                                             as JCPenney, Microsoft and South-
      Dallas internal-audit program as                                                                          west Airlines and at such public
      a “Center for Internal Auditing                                                                           agencies as the General Account-
      Excellence.” UT Dallas is one                                                                             ing Office and the Army and Air
      of only two universities in the                                                                           Force Exchange Service.”
      U.S. and five in the world to                                                                                 “These kind of job placements
                                              Richard F. Chambers (center), the Institute of Internal
      have earned that designation,           Auditors president and CEO, visits with internal auditing         are a visible measure of internal
      the highest IIA offers. Offered at      students (from left) Sean Strong, Samantha Weeks,                 audit’s excellence,” Dean Pirkul said.
                                              Jonathan Ragan, Jana Cain, Benito Juarez and Allison Britton.
      the graduate level, the UT Dallas                                                                         “They substantiate the need for an
      internal-audit program prepares                                                                           endowment and tell donors their
      students to sit for a professional certification exam with a multidis-   dollars are supporting one of the world’s best programs in this field.”
      ciplinary curriculum built on a core of internal-audit courses.             Mr. Salamasick got news of the endowment seed money, along
         The seed money, presented in a ceremony at the March 3 Dal-           with a go-ahead to begin fundraising, in January, about the same
      las IIA meeting, formally established the Center for Internal Audit-     time he learned that the March 24-25 Fraud Summit, internal au-
      ing Excellence Endowment. The endowment will support scholar-            dit’s main annual conference and fundraiser, had sold out.
      ships, seminars, conferences, research and educational programs             Exploring the latest trends in fraud detection and deterrence,
      specifically designated for internal audit.                              the summit opened March 24 with a day of workshops at which
         “These gifts are a great first step toward reaching a $500,000        professionals earned continuing education credits. On conference
      threshold in permanent endowment funding,” Center Director Mark          day, case studies and advanced breakout sessions went beyond
      Salamasick said. “This startup generosity from two key supporters        the basics, and a keynote speaker was a star attraction.
      sends a great signal, and the dean has promised to keep matching            This year, investigative journalist Kurt Eichenwald, author of
      funds, which is essential to attracting additional donations.”           best-seller Conspiracy of Fools (Broadway, 2005), spoke on the
         Present at the Dallas chapter meeting when the endowment              topic of that book, the Enron scandal and the out-of-control cor-
      was announced, IIA International President and CEO Richard F.            porate culture that led to the company’s downfall in 2001.

      Chambers, visited The School of Management later the same day,              Learn more about the endowment and make a donation at
      meeting with Dean Pirkul and lecturing the UT Dallas IIA student

UT Dallas | Spring 2011                                                                                                                         17

                                    IECG TRANSITIONS

                                              linical Pro-       (IECG), a School of Management           as IECG’s director of special proj-
                                              fessor Den-        Center of Excellence devoted to          ects and development. Since 1990,
                                              nis McCuis-        enhancing the abilities of directors     he has been the host and executive
                                              tion (left)        and senior officers to promote and       producer of the public affairs televi-
                             has suc­ceeded Dr. Constan-         protect the interests of all corpo-      sion program McCuistion on PBS.
                         tine (Connie) Konstans as execu-        rate stakeholders.                           An accounting professor, Dr.
                       tive director of the Institute for Ex-       Mr. McCuistion joined the SOM         Konstans has resumed research,
                       cellence in Corporate Governance          faculty last fall and formerly served    continues to teach and remains in-

                                                                                                                                  By Jill Glass

           undraising might be      experts and Washington insid-        Patton Boggs and panel modera-       said, including a shorter licens-
           tougher, investors       ers offered insights into crucial    tor, said. Federal regulators have   ing process, investor appeal and
           more demanding           topics affecting the private-        “been handed a gargantuan            outstanding access to leverage.
           and new government       equity marketplace.                  task,” to shape implementation           A third panel agreed the
regulations more complex, but           One of the biggest changes       of regulatory reform, he said.       fundraising environment has
indicators suggest brighter days    will come with the landmark              The challenging private-         been difficult but predicted a
for the private-equity world in     2010 Dodd-Frank Wall Street          equity fundraising environ-          brighter future.
2011. That is what industry lead-   Reform and Consumer Protec-          ment, along with new restric-            Probitas Partners partner
ers told fund managers and in-      tion Act, which will impose          tions on bank investments,           Robert Hofeditz agreed: “I
stitutional and private investors   sweeping new rules on finan-         is making Small Business             think 2011 will be a transition
gathered for the Private Equity     cial institutions. The first sym-    Investment Company licenses          year, and hopefully 2012 will
Funds Symposium at The School       posium panel discussed how           a much more attractive option        be a much better year.”
of Management in January.           the 2,300-page law, aimed at         to fund managers and finan-              “If you have capital, this is
    Sponsored by SOM’s Center       averting taxpayer-funded bail-       cial executives, Brett Palmer,       the time to be investing and buy-
for Finance Strategy Innova-        outs, will impact private-fund       president of the National As-        ing and playing in the game,”
tion and Patton Boggs, a busi-      advisers with additional reg-        sociation of SBICs, said in the      Roman Kikta, managing partner
ness and public-policy law          istration, record-keeping and        panel discussion, “SBICs: The        at Mobility Ventures, said.
firm, the symposium focused         reporting requirements.              Vehicle of Choice in 2011.” Run          For more CFSI information,
on “Navigating Change in the            The broad overhaul has cre-      by the federal Small Business        contact Dr. David Springate,
New Private Equity Environ-         ated many uncertainties, Don         Administration, the program          972-883-2647, spring8@utdal-
ment.” Top investors, industry      Moorehead, vice chairman of          has many benefits, Mr. Palmer

                                                                Don Moorehead (far left), vice chairman
                                                                of Patton Boggs, a sponsor of the sym-
                                                                posium, moderated the opening panel,
                                                                which discussed “The New Regulatory
                                                                and Tax Environment.”

                                                                           Center Director David Springate (left)
                                                                           with Roman Kikta, managing partner at
                                                                           Mobility Ventures, who said on the topic of “Raising Funds in 2011”
                                                                           that limited partners today are looking for a “new hybrid” of investor
                                                                           who wants to be more hands on and understands not only technology,
      18                                                                   but more importantly, the marketplace. The School of Management

  volved with the institute, which will   lapse: How to Spot Moral Meltdowns
  hold its ninth annual cor­porate gov-   in Companies... Before It’s Too Late
  ernance conference September 29.        (St. Martin’s Press, 2006). She will
      Conference featured speakers        speak about Sign No. 4, a weak
  will include Dr. Marianne Jennings,     board of directors.
                                                                                        Renee Hornbaker (left), Dallas chapter president of
  a legal and ethics expert from Ari-         Check the institute website               Financial Executives International, congratulates School of
  zona State University and author        (       Management Professor Constantine Konstans, past chap-
                                                                                        ter president and ongoing board member, on the Lifetime
  of The Seven Signs of Ethical Col-      for conference information.
                                                                                        Achievement Award FEI gave him March 8 for his con-
                                                                                        tributions to the professional group and his founding of
                                                                                        SOM’s Institute for Excellence in Corporate Governance.

   Convenience Is King at IIE Business Idea Competition
                                                                                                                           By Jimmie R. Markham

            chool of Management students dominated the graduate
            division of the fourth annual UT Dallas Business Idea
            Competition, which connected technology and con­-
            ven­ience in some new formats that offered clues on the
  future direction of commercial innovation.
      All but one of the graduate-level winners were SOM students
  in a contest in which first-place prizes on both the undergraduate
  and graduate sides went to teams with products that took advan-
  tage of smart-phone technology to simplify consumers’ lives.
      The Institute for Innovation and Entrepreneurship (IIE) at UT                                              Undergraduate Division
  Dallas sponsored the November 19, 2010, contest. It drew 116                                                   winners David Evans (left)
  entrants organized into 46 teams. They competed for $18,250 in                                                 and Michael Ellsworth
  cash prizes.
      The School of Management, where IIE is based, hosted the
                                                                             Graduate Division
  competition, and Full-Time MBA students Corey Egan and Swap-               winners Corey Egan (left)
  nil Bora won the graduate division. They earned the $4,000 first-          and Swapnil Bora
  place prize for the iLumi SmartBulb, an interactive LED indoor
  lighting system controlled wirelessly by a smart phone. Their
  presentation, which began with an audiovisual introduction com-           slew of features, including web-based backup, friend sync,
  plete with background music, also netted them the Most Effective          re-arrangeable virtual control buttons and an interactive TV
  Presentation award and its prize of $500.                                 guide to change channels.
      The best undergraduate idea came from Team Rhone, with mem­              Besides money, all first-place winners received one month’s
  bers David Evans, a junior computer science major, and Michael            free office space near downtown Dallas at CoHabitat, a shared
  Ellsworth, a junior in aerospace engineering at Texas A&M Uni-            workspace for developers, creatives and entrepreneurs.
  versity. Their winning idea, which they named Rhone, is a smart              All semifinalists and finalists also qualified for Microsoft’s
  phone-based universal remote control that can operate devices             BizSpark program, which connects business developers with a
  such as TVs, Blu-Ray and DVD players, DVRs and computers. Their           global network of investors and network partners.
  entry netted them $4,000 in prize money.                                     Several individual and corporate sponsors contributed prize
      Their idea utilizes wireless Bluetooth technology to send             money, including Jackie Kimzey, BKD LLP, Dynamex, SPlus
  information from smart phones to a hardware device that then              Technologies, Trailblazer Capital, Trans Global Technologies, Inc.
  sends infrared signals to the entertainment devices. The app has a        and Wischmeyer Benefit Partners.

UT Dallas | Spring 2011                                                                                                                   19
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