More than 300 students graduated from the Robert H. Smith School of Business on December 19, 2004. William Longbrake, PhD '76, vice chair at Washington Mutual, addressed graduates during the commencement ceremony, held at the Cole Student Activities Building. The school awarded approximately 250 bachelor's degrees, 80 master's degrees, and five doctoral degrees.
Research by Galit Shmueli and Wolfgang Jank
Research by Susan Feinberg and Gordon Phillips
OFF-SHORING. OUT-SOURCING. THESE ARE FIGHTING WORDS IN THE PUBLIC POLICY ARENA, WHERE THE CRY IS OFTEN HEARD TO “STOP SENDING AMERICAN JOBS OVERSEAS!” SMITH RESEARCHERS HAVE FOUND EVIDENCE THAT CONTRADICTS THE COMMON WISDOM ABOUT THIS HOT TOPIC. SURPRISINGLY, IT’S NOT AN EITHER/OR SITUATION. IT’S OFTEN A WIN/WIN SITUATION.
Research by Gerard Hoberg
UNDERPRICING IS COMMON IN INITIAL PUBLIC OFFERINGS—TO A CERTAIN EXTENT, IT MAY BE DIFFICULT TO AVOID. BUT SOME FIRMS CONSISTENTLY SELL NEW STOCK ISSUES AT A MUCH GREATER DISCOUNT THAN OTHERS. IS THIS PHENOMENON DRIVEN BY PURELY COMPETITIVE FORCES, OR BY A SYSTEM THAT DOES NOT ADEQUATELY PROTECT IPO ISSUERS FROM PREDATORY UNDERWRITING PRACTICES?