News at Smith

Smith School In the News: 2020

Sep 16, 2020
World Class Faculty & Research


The Smith School's world-class faculty are routinely quoted in leading business and other media, while Smith's innovative programs and research projects also receive attention. Below are some highlights.

October 2020

Bloomberg – Oct. 16 – "Buffett Inches Toward Wells Fargo Exit as Scharf Sets Course" quotes Clinical Professor of Finance David Kass: "Clearly Warren Buffett has less confidence in the future course at Wells Fargo, in the perhaps future expected performance of its stock," [Kass] said in an interview. "He may perceive that there's a lot more risk than he originally foresaw."

Barron's – Oct. 16 – Clinical Professor of Finance David Kass writes, "To the Editor: Taxing Capital Gains": Concerns about the potential impact on U.S. equity prices resulting from Joe Biden's proposal to tax capital gains at higher ordinary-income rates can be mitigated by noting that this would apply only to incomes above $1 million ("Nothing Worries This Stock Market—Not Even a Possible Tax Hike," Up & Down Wall Street, Oct. 9). Also, though tax-optimization strategies for high-income individuals could result in asset selling prior to the tax increase going into effect, the shares sold could be quickly repurchased while establishing a higher cost basis. The 30-day "wash sale" rule that applies to realized losses does not apply to capital gains. – Oct. 13 – "How consumers responded to COVID-19" overviews new research by Professor of Marketing Amna Kirmani.

Forbes – Oct. 12 – Professor of the Practice Clifford Rossi comments extensively in "Here's The No. 1 Reason People Don't Refinance Their Mortgages," includingThe No. 1 reason survey respondents said they have chosen not to refinance is that "they're not sure it's worth it." Some 34% of survey respondents gave that answer. There are many reasons why homeowners might feel refinancing isn't worth it. Among them is "borrower burnout," [says Rossi].

Science NewsNet – Oct. 12 – "The Pandemic is Pushing Women, People of Color out of their Careers" features analysis and commentary by Nicole Coomber, assistant dean of the Full-Time MBA program and an associate clinical professor of management.

FIND MBA – Oct. 9 – Assistant Dean for Part-time MBA and Online Programs Clinical Professor of Strategy Paulo Prochno contributes extensively to "The Ingredients that make a great online MBA," including: [Prochno] says that "synchronous" live sessions are essential to a good Online MBA. "An MBA program is about learning new skills, but it's also about increasing self-awareness, learning how to collaborate more effectively, exchanging knowledge with peers and building a professional network." His students meet virtually twice a week to attend lively synchronous sessions. Most faculty use breakout rooms for small-group discussions, "allowing students to have an experience similar to being in a face-to-face environment."

Maryland Today – Oct. 9 – Marketing professor Jie Zhang explains "Five Pandemic Lessons for Shoppers." . . . The Real Deal (NY real estate news) quotes Zhang in "The American mall: A survival guide."

Maryand Today – Oct. 7 – "Just Don't Call It 'Adulting'" describes a new course co-developed by Associate Professor of Management Cynthia Stevens, devoting 40-50% to financial literacy and the rest to helping students figure out their general goals and values…"

AlphaBetaStock – Oct. 5 – "Why Did Apple Stock Split?" references Clinical Professor of Finance David Kass: Kass argues that stock splitting was a practice used by companies to keep their stock prices in the mid double-digit range. Moreover, companies did this as often as possible because broker commissions were fixed, and investors preferred trading in "round lots" of 100 shares. In contrast, if an investor purchased less than 100 shares, broker commissions were amplified, the reason behind holding "round lots." . . . Related: Kass guest blogs "Year-To-Date Performance Of 5 Largest Stocks" at Talk Markets (Oct. 2)

Top MBA – Oct. 5 – "Business Schools Go Test-Optional for 2021 MBA Applications": quotes Pasquale Quintero, senior director of full-time MBA and specialized master's programs: "We decided to continue our test waiver policy to make it easier for qualified candidates to apply to our MBA programs. When we announced our temporary GMAT/GRE waiver in April, in response to the pandemic, we saw an increase in applications from very qualified individuals."It's highly likely many of our applicants would have not applied to our MBA programs, putting their career objectives on hold."

Science NewsNet – Oct. 5 – "Webinar Series: Investors and ESG" previews a Center for Financial Policy hosted series to explore the Environmental, Social and Corporate Governance (ESG) questions that are increasingly pressing for organizations and investors: "The Center for Financial Policy is uniquely positioned to tackle these issues because of our longstanding relationships with the regulatory community and proximity to Washington, D.C.," said [series moderator Russell Wermers]. "The COVID-19 crisis has underscored the connections between environmental, social and corporate governance factors, and a general unpreparedness to handle major disruptions, such as the ones that are expected to result from climate change. The timing for this series and these discussions."

Market Realist – Oct. 3 – 'What is Warren Buffett Buying?' quotes Clinical Professor of Finance David Kass: "The number one lesson to be derived from Warren Buffett's investment career is to have a long-time horizon of at least 10 years and be patient." . . . Related: Kass contributes stock market-based insights to InvestorPlace "live blog" coverage of both the vice presidential debate (Oct. 7) and presidential debate (Sept. 29).

Maryland Today – Oct. 1– "Why Critics Don't Pan Blockbusters … At Least Not Right Away" overviews research by management professorDavid Waguespack.

September 2020

Washington Business Journal – Sept. 29 – "UMD Business School Names New Dean" covers the appointment, effective in January 2021, of Prabhudev Konana as Dean of the Robert H. Smith School of Business. . . . Related coverage via Poets & Quants, BizEd Magazine, others.

Maryland Daily Record – Sept. 29 "McCormick, with strong Q3 numbers, announces stock split" quotes Clinical Professor of Finance David Kass: Although the stock split, which takes effect Nov. 30, might send a positive signal to shareholders, it doesn't add any real value, [said Kass.] "It's really a cosmetic change. It doesn't create any value; you're just cutting the pie into two pieces and the pie is still the same size." The split could create excitement among customers and potentially attract new shareholders, but the customer effect is minor, although psychologically the shareholder may feel "richer." Kass pointed to recent examples of Apple and Tesla, where shares skyrocketed after a 4-for-1 and a 5-for-1 split, respectively.

TODAY (Singapore) – Sept. 26 – "Can SIA Fly High Again?" quotes Logistics, Business and Public Policy Chair Martin Dresner: [Dresner] noted that given the perceived dangers of air travel currently, "passengers may prefer direct flights to their destinations, rather than connecting routes through a hub such as Singapore." …But a full recovery for SIA, especially for its long-haul flights, will come slowly. Business travellers are less willing to be paying more for premium seats amid a global recession and may curtail business travel entirely, said Prof Dresner.

Maryland Daily Record – Sept. 25 – "UMD Smith School to host free digital marketing series" previews a three-part free webinar series led by Associate Clinical Professor of Marketing Mary Harms as part of Maryland Business: Rebooted.

The Hill – Sept. 25 – "On Tap Next Week" notes the September 29 Center for Financial Policy-hosted webinar "Financial Stability and Data: Minding the Gaps with Randal Quarles and Darrell Duffie."

Forbes – Sept. 22 – Rajshree Agarwal, Rudolph Lamone Chair and Professor in Strategy and Entrepreneurship, writes "Why A Big Government Cure Would Be Worse Than Big Tech Control."

InvestorPlace – Sept. 22 – "How to Find Undervalued Companies" quotes Clinical Professor of Finance David Kass: "I would focus on the PEG ratio, or P/E ratio divided by the projected growth rate of earnings per share... "The lower the PEG ratio, the more attractive (or undervalued) a stock is."

American Banker – Sept. 21 – "Results-driven Fraser just the ticket for fixing Citi, associates say" quotes and references Clifford Rossi: Fraser's blend of experiences should serve her well atop a company that today operates in more than 90 countries. Clifford Rossi, who met Fraser when he was chief risk officer for Citi's consumer lending group, said she "has a strategic vision, she knows the business very well and she's able to execute." ...That knack for strategic thinking will be particularly important for Citi's CEO in the current economic environment, since low interest rates are crimping bank's profit margins, Rossi said.

BusinessBecause – Sept. 21 – Research Professor and Center for Global Business Academic Director Kislaya Prasad comments throughout "How TikTok's Turmoil Could Change the Course of Big Tech," Including: The issue is that tech giants have monopolized the market, but monopolization is often baked into the very premise of social media apps. "Facebook becomes more valuable if there are lots of people on it, as does TikTok. Big tech will want free movement of data with no constraints at all," which is at direct odds with increasing government concerns over data protection.

The Business Monthly – Sept. 20 – "Maryland Business Rebooted: University retools to help business survive and prosper" overviews the initiative and includes insights from various participants including Maryland Smith leaders Distinguished University Professor Michel Wedel and Associate Dean of Undergraduate Studies Victor Mullins.

Credit Union Today – Sept. 20 – CUES to Host Directors & Dialogue December Seriespreviews a series to include"How Does an Agile Board Deal with Wellness, Mental Health, and Anxiety?" presented by Maryland Smith finance lecturer Joe Perfetti.

The Education Magazine – Sept. 17 – "Maryland Smith Offers Free Business Education Program to Maryland Residents, Businesses"overviews Maryland Business: Rebooted, the free webinar series developed and presented by Maryland Smith in response to the COVID-19 pandemic.

Forbes – Sept. 15 – Rajshree Agarwal, Rudolph Lamone Chair and Professor in Strategy and Entrepreneurship, writes "Why Amazon Outhustles Comcast: A Tale Of Two Monopolies And Implications For Their Customers." Previous Agarwal-Forbes column: "Maintaining Organizational Soul While Onboarding In A Remote World" (Sept. 8)

American Marketing Association News – Sept. 15 – Dean's Chair in Marketing Science P.K. Kannan co-authors "4 Reasons to Adopt Front-of-Package Nutrition Labels" based on his new research in the Journal of Marketing to help curb diet-related chronic diseases that burden the U.S. economy.

Baltimore Sun – Sept. 14 – "'Ghost kitchens' thrive in Baltimore area during coronavirus pandemic as customers avoid sit-down restaurants" quotes Anil K. Gupta, Michael D. Dingman Chair in Strategy and Entrepreneurship: Operators may lease space in a centralized kitchen, allowing them to forego the many costs and risks associated with opening a sit-down restaurant. It's a model that's seen "crazy growth" since the beginning of the pandemic, with traditional restaurants closed and rapidly expanding appetites for delivery food, says [Gupta]… Gupta says that's not necessarily the case. He predicted continued growth in the delivery and ghost kitchen market into 2021, even after the pandemic is over... "In capitalism, whenever you have some winners, you end up having some losers."

GARP News – Sept. 11 – Professor of the Practice Clifford Rossi writes: "Defaults, Delinquencies and Credit Losses: The Potential of Impact of Rising Hurricanes on Mortgage Risk."

900 CHML radio (Hamilton, Ontario) – Sept. 11 – "It's been 19 years since 9/11, Elinda Kiss is a survivor" features Clinical Associate Professor of Finance Elinda Kiss recounting the attacks of 9/11 at ground zero.

Bloomberg Radio – Sept. 10 – "Ritu Agarwal Discusses 'Two Pandemics'" gives insight to Maryland Smith's responses to Covid-19 and racial injustice.

Consumer Affairs – Sept. 10 – "Mall owners step In to purchase bankrupt JCPenney" quotes Professor of Marketing Jie Zhang: "Part of it is the public psyche," [said Zhang]. "This virus is likely not going to go away any time soon, and the one type of place where people will be much more vigilant about avoiding in the longer term will be those crowded, enclosed spaces. And that's exactly what traditional shopping malls are." … Related: Multibriefs' 'Retailer Survival' (Sep.t 10) extensively quotes Zhang.

Communications of the ACM – Sept. 10 – "Anticipating the Feeling Economy" overviews research by Distinguished University Professor Roland Rust that shows workers with emotional intelligence will be highly prized as artificial intelligence continues to proliferate.

Harvard Business Review – Sept. 10 – Assistant Professor of Management Trevor Foulk co-authors "Restore Your Sense of Control — Despite the Pandemic," based on recent research.

WalletHub – Sept. 9 – In "Ask the Experts," Associate Clinical Professor of Finance Elinda Kiss gives personal finance advice on credit card balance transfer offers.

Analytics – Sept. 8 – Smith Chair of Management Science Michael Fu co-authors "Virtual 2020 INFORMS Annual Meeting has something for everyone" as a preview for the Nov. 7-13 inaugural Virtual INFORMS Annual Meeting, which Fu is co-chairing.

Business Insider – Sept. 7 – "Warren Buffett's Berkshire Hathaway cuts Wells Fargo stake to 17-year low" quotes Clinical Professor of Finance David Kass: Buffett may be cutting his exposure to Wells Fargo because of the reputational damage caused by its fake-accounts scandal and the lending limits imposed on it by federal regulators in 2018, [Kass] told Business Insider last month.

Washington Business Journal – Sept. 4 – "The MBA Reboot" quotes Interim Dean Ritu Agarwal: At [Maryland Smith], the number of students who reported being of color doubled from 2002 to 2018. I[Agarwal] said that stems from an active effort that includes partnerships with the Forté Foundation, National Black MBA Association, National Hispanic MBA Association and historically Black colleges and universities. It also runs summer high school programs tailored to students of color. "I don't think as a business school we are doing our job or executing on our mission if we are not training the type of workforce that organizations need," she said. "We've put in place practices that help us get the most diverse and talented student population." …Flexibility on how one goes back to school to get a business degree is a major market demand, said Agarwal. The College Park university already has a flexible online and part-time MBA program, which allows for in-person and online classes. For the 2021 school year, it will launch "flex" versions of its other specialty master's programs. These plans were always in the works, Agarwal said, but Covid-19 has accelerated them.

GARP News – Sept. 4 – "CROs Ponder Risk in Uncertain Times" quotes Professor of the Practice Clifford Rossi: Indeed, CROs are expected to carry a certain stoicism, and to offer steady leadership during the worst of times, explained [Rossi]. "You rarely see them let their guard down," Rossi added.

The Hill-Changing America – Sept. 3 – Associate Professor of Business and Public Policy Rachelle Sampson and PhD student Nathan Barrymore co-author "If Black Lives Matter, Transfer Your Leadership Team."

International Business Times – Sept. 3 – "US Stocks Plunge, As High-Flying Nasdaq, S&P 500 Take Breather From Historic Six-Month Rally" quotes Clinical Professor of Finance David Kass: [Kass] characterized Thursday's drop as "a periodic correction that generally occurs when equity markets have been rising rapidly." … Also at IBTimes, Kass explains implications for the U.S. economy in Brexit: As Britain And EU Trade Talks Stall, Chances Of No Deal Loom Larger" (Sept. 2).

August 2020

Bloomberg – Aug. 31 – "Buffett Hunts Abroad With $6 Billion Wager on Japanese Firms" quotes Clinical Professor of Finance David Kass: "I think this is a definite signal that Berkshire is more likely to examine and pursue potential investments internationally…This could be the beginning of the tip of an iceberg. There could be many more investments such as this" …While the bets are valued at more than $6 billion, they represent just a sliver, about 4%, of Berkshire's total cash pile. But the wagers underscore that Buffett sees value in Japanese stocks, according to Kass. Berkshire's investment comes as global investors have pulled $43 billion from Japanese stocks this year in favor of high-flying U.S. technology shares and other companies viewed as more resilient to economic turmoil.

International Business Times – Aug. 31 – "End Of Coal? More Banks Plan To Phase Out Financing Of Coal-Related Businesses": [Kass said that other large banks such as JP Morgan Chase (JPM) also plan to curb loans to coal firms. "The increasing focus by activists and elected officials on global warming and climate change has resulted in pressure being applied to banks to curtail their financial relationships with coal firms," he said. "As a result, more banks are likely to follow the example set by JPMorgan Chase. Coal emissions have contributed significantly to this environmental problem. The anticipated rapid growth in alternative energy sources that are renewable and environmentally friendly will likely hasten the decline of the coal industry." … Also at IBTimes, 'S&P riding high on Spring-Summer rally' (Aug. 30) extensively quotes Kass.

Wall Street Journal – Aug. 28 – "From 'Freezer Farms' to Jets, Logistics Operators Prepare for a Covid-19 Vaccine" quotes Research Professor Sandor Boyson: "There's going to be a real need to engage the collective capacity that exists out there," said [Boyson].

eCampus News – Aug. 28 – Henry C. Lucas, Robert H. Smith Professor of Information Systems Emeritus. writes "Is face-to-face learning better than online learning?"

DC Velocity – Aug. 28 – Associate Professor of Supply Chain Management Philip Evers discusses "What's Next for the USPS" in a Logistics Matters podcast.

US News & World Report – Aug. 28 – "What Happens to the Stock Market if Biden Wins?" quotes Clinical Professor of Finance David Kass: Lower drug prices, at least when it comes to Medicare, are a crystal clear priority for the Democratic nominee. Medicare is the federal health care insurance program for people aged 65 and older, and for those with certain disabilities. "The Biden plan will repeal the existing law explicitly barring Medicare from negotiating lower prices with drug corporations," the campaign site reads. "This in turn might lead to lower profits for pharmaceutical companies and lower share prices," Kass says. Related: Arkansas Business' "Trump vs. Biden, and What It All Means to Investors" (Sept. 14) quotes Kass.

Appraisal Buzz – Aug. 26 – Professor of the Practice Clifford Rossi discusses Collateral Risk Education.

International Business Times – Aug. 26 – "Despite Incurring Huge Losses, Exxon, Chevron, BP, And Other Oil Giants Still Pay Dividends" quotes Clinical Professor of Finance David Kass: [Kass said] large oil companies such as Exxon Mobil and Chevron are paying dividends in large part to provide support for their share prices. "The current 8.5% dividend being paid by Exxon Mobil indicates that the market is expecting a dividend reduction…Chevron's 6% dividend, likewise, supporting its stock price, appears to be less vulnerable to a reduction." ...

Science Newsnet – Aug. 26 – Professor of the Practice Clifford Rossi explains why "A new flood risk database for homeowners lacks reliability."

Find MBA – Aug. 26 – Office of Career Services Assistant Director Erika Harrigan contributes to "Digital degrees can help students collaborate with and lead teams remotely, boosting their employability."

AARP the Magazine – Aug. 26 – Clinical Professor of Finance David Kass contributes to "Warren Buffett Is Still Making Money — and Giving It Away — at 90."

The Mortgage Reports – Aug. 25 – "More homeowners should be using this refinance strategy," extensively quotes Professor of the Practice Clifford Rossi.

Forbes – Aug. 24 Forbes, "Indian H-1B Visa Holders Again Show They Are Not 'Cheap Labor" cites research by Henry C. Lucas, Robert H. Smith Professor of Information Systems Emeritus: Economic research shows the legal requirement on salaries and the functioning of the U.S. labor market has resulted in H-1B visa holders overall being paid comparable to or higher than U.S. professionals with similar experience... [Lucas] examined the skills and compensation of over 50,000 IT professionals in the United States and found foreign-born professionals in information technology (IT) earned more than their native counterparts.

Seeking Alpha – Aug.23 – Clinical Professor of Finance David Kass writes: "Berkshire Hathaway Is Undervalued By 20%." Also published by Talk Markets, others.

Business Insider – Aug. 21 – 'Warren Buffett's Berkshire Hathaway has scored an $86 billion gain on Apple' quotes Clinical Professor of Finance David Kass: Apple's surging valuation has made it a disproportionately large part of Berkshire's business. For example, Berkshire's Apple stake is worth more than four times as much the second-biggest holding in its stock portfolio, a $26 billion position in Bank of America. Apple now makes up about 50% of the portfolio's entire value, finance professor David Kass tweeted.

Fortune – Aug. 21 – Research Professor and Center for Global Business Academic Director Kislaya Prasad writes "The Chinese and U.S. Internets are drifting apart. Why that's bad for the whole world."

NBC News – Aug. 19 – 'Apple Now Worth $2 Trillion' quotes Clinical Professor of Finance David Kass: "Apple's $2 trillion valuation represents about 10 percent of GDP for the U.S. and about 7 percent of the S&P 500...Its iPhone is ubiquitous. It has transformed the way we live. Its ecosystem is self-sustaining." … Related: InvestorPlace (via Business insider) quotes Kass from the NBC report in "3 Tech Stocks Still Leading the Charge" (Aug. 25).

Housing Wire – Aug. 18 – Professor of the Practice Clifford Rossi writes: "Why a credit reporting moratorium during COVID-19 will harm consumers."

Fast Company – Aug. 15 – "Asking this question during an interview can wreck your shot at getting the job" focuses on Associate Professor of Management and Organization Rellie Derfler-Rozin's "Motivation Purity Bias" paper.

U.S. News & World Report – Aug. 14 – Clinical Professor of Finance David Kass contributes to "What is Earnings Per Share?": A faster growth rate of EPS would justify a higher P/E," says [Kass]…The PEG is a better measure than just the P/E ratio to determine whether a stock is undervalued, fairly valued or overvalued, Kass says. "A lower relative PEG ratio may indicate a company is undervalued."

Bloomberg – Aug. 14 – "Berkshire Switches Bets on Banks, Adds Wager on Barrick Gold" quotes Clinical Professor of Finance David Kass: The second-quarter stock moves are consistent with Buffett's "extremely cautious" outlook expressed at this year's shareholders meeting, [Kass said]. "He's showing extreme caution by basically lightening up on his major banking investments except for Bank of America." Kass called the Barrick investment "the biggest shock" from Friday's filing, and suggested that the size means it could be a stake made by Combs or Weschler. "Still, you would think they would share Warren Buffett's skeptical philosophy of investing in gold, which he's expressed at several annual meetings as well as his letters to shareholders…Yet this suddenly shows up in his portfolio, almost as a hedge against possible bad times."

The Real Deal – Aug. 12 – "Fear and loathing in a pandemic: Insurers battle business interruption claims" quotes Professor of the Practice Clifford Rossi: "If you have a very business friendly court, it might look at a broader view of whether this should be covered," said [Rossi]. "This is no slam dunk for the insurance companies."

InvestorPlace – Aug. 12 – "5 Great Warren Buffett Stocks to Buy Now" quotes Clinical Professor of Finance David Kass: But, keep in mind that Buffett's plays work best as long-term investments rather than short-term trades. As [Kass] said in an email to InvestorPlace: "The number one lesson to be derived from Warren Buffett's investment career is to have a long-time horizon of at least 10 years and be patient." With this in mind, the names in Buffett's portfolio today may not shoot up in the next few weeks, quarters or even months. But, over the long haul, they could produce strong returns for your portfolio… Related: Kass guest blogs'Berkshire Portfolio Investment, StoneCo Ltd., Up 12% on Takeover Talks' at ValueWalk (Aug. 11)

Forbes – Aug. 10 – Rudolph Lamone Chair and Professor in Strategy and Entrepreneurship Rajshree Agarwal writes "Tired Of Covid-19 Chaos? Blame Too Much Regulation, Not Too Much Freedom" and, previously, "Instead Of Open Or Closed, Dial Your Mind To Active" (July 21).

InvestorPlace – Aug. 9 – "9 Top Robinhood Stocks You May Want to Avoid" quotes Clinical Professor of Finance David Kass: [Kass] explained in an email to InvestorPlace, "Robinhood has introduced trading in stocks, ETFs, and options to a new generation of young investors in their 20's and 30's by providing these services without charging any commissions or fees. As a result of offering investors the opportunity to invest in fractional shares with as little as $1, the world of investing in equities has been democratized such that virtually everyone can participate."

Forbes – Aug. 7 – "Should I buy an electric car or hybrid now" quotes Associate Professor of Management and Entrepreneurship David Kirsch: …Kirsch, author of the book The Electric Vehicle and the Burden of History, says experts have predicted a breakthrough for EVs since the 1960s. "The success of Tesla's Model 3 may have finally broken the dam holding back final demand for EVs," he says. "Tesla's stock has been on a tear, quintupling since late 2019. As of mid-2020, the company's market capitalization exceeds that of the next three most valuable car companies combined. Regardless of its long-term performance, the Tesla narrative has clearly carried the day."

The Hill – Aug. 6 – Director of Military and Veteran Affairs Frank Goertner writes op-ed "What matters most in naming U.S. bases."

Science NewsNet – Aug. 6 – "How Technological, Socioeconomic and Geopolitical Forces are Altering Everything We Know about Marketing" overviews marketing professor Roland Rust's research, "The Future of Marketing," published in the International Journal of Research in Marketing.

Clear Admit – Aug. 6 – Senior Director of the Full-Time MBA and Specialty Master's Programs Pasquale Quintero discusses Maryland Smith graduate programs in an "Admissions Director Q&A."

Online MBA Report – Aug. 5 – Online MBA students Adetoun Olumide and Daniel Mazour are recognized and profiled in "Business Leaders of Tomorrow – 2020."

Ladders – Aug. 5 – 'People can adapt to the new normal very quickly' reviews research by management professor Trevor Foulk. Related coverage in Psych Central Sense of Normalcy Can Bounce Back Quickly, Even During Continued Stress (Aug. 6) and at Scienmag, others.

Brookings – Aug. 4 – William E. Mayer Chair Professor of Finance Lemma Senbet recommends Joshua Gans' "Economics in the Age of COVID-19" as part of "A social distancing reading list from the Brookings Africa Growth Initiative."

Business Because – Aug. 4 – "STEM-Designated Masters Bring New Hope For US Business Schools" references Maryland Smith's STEM-designated masters programs in marketing analytics, business analytics, information systems, and supply chain management... Related BusinessBecause: "MBA Vs Masters: Which Should You Choose?" (Aug. 3) notes and expands on Maryland Smith's "eight specialized masters programs, across topics like business and marketing analytics, as well as finance, accounting, and supply chain management. Five of those are STEM-designated, meaning international students can stay and find work in the US without an H-1B visa. On Smith's STEM-designated Master of Science in Business Analytics, students dive into the technical—going beyond what would be covered on a traditional MBA—learning programming languages like Python and SQL. Smith runs its business master's programs alongside a thriving full-time MBA…"

Refinery29 – Aug. 3 – "Boycotts Are More Popular Than Ever — But Do They Work?" quotes Professor of Marketing Amna Kirmani: "If Amazon is your most convenient outlet in terms of shopping, it's hard to give it up," says [Kirmani]. Sometimes, depending on where you live, it might be the cheapest or the only option for certain goods. And its size can also deceive how much consensus there really is internationally. "Amazon has such a large clientele that even when you say a lot of people [boycott it], that may just be in your friend circle — nationally or internationally, it's not a lot of people."

Axios – Aug. 3 – "Virtual school is another setback for struggling retail industry" quotes marketing professor Jie Zhang: "It's not surprising to see who the biggest winners are," [Zhang] said in a research note. "Companies like Amazon, Walmart, Target, Best Buy and Apple," are best-positioned for the online learning shift, while traditional apparel stores will struggle… Related:"Is the future of malls outside?" at Retail Wire (Aug. 3) quotes Zhang as does "Retail and it's Future Through the 2020 Back-to-School Prism" at Yahoo News (July 31).

Carrier Management Magazine – Aug. 2 – "Mortgage Default Risk Set to Rise With Hurricane Risk" covers research by Professor of the Practice in Clifford Rossi under submission to the Journal of Risk and Uncertainty.

July 2020

Washington Post – July 31 – "What lies behind Apple's 4-for-1 stock split" quotes Clinical Professor of Finance David Kass: Few companies are as future-oriented as Apple, but its goal of attracting retail customers by having a relatively modest share price is a trip back to the past. [Kass says many companies used to split their stock as often as necessary to keep their share price in the mid-double digits. "Back then, people were paying fixed commissions to brokers and were trying to trade 'round lots' of at least 100 shares," Kass said. If you bought less than 100 shares — an "odd lot" — your commission per share would probably be considerably higher than if you bought a round lot… Related: Kass guest blogs "Year-to-date performance of five largest stocks" at Talk Markets (Aug. 1) and 'Berkshire Hathaway stock in Apple valued at $100 billion' at ValueWalk (July 31).

Newsy – July 31 -"Big Tech Earnings Surge While U.S. Sees Record-Worst Quarter" quotes Dean's Chair of Marketing P.K. Kannan:"Digital is done on a daily basis," said P.K. Kannan. Experts like [Kannan] tell Newsy this ad fallout was common for sellers during parts of Q2 because digital ad revenues can be turned off relatively quickly. "For search ads, you actually bid daily. And the same thing with display ads that you may buy on social media, those things are done on a daily billing scheme."

Forbes – July 30 – "On the Brighter Side Of The Pandemic: We Are More Adaptive Than We Think" overviews new research co-authored by management professor Trevor Foulk.

SME Magazine – July 30 – Research co-authored by Professor of Information Systems Il-Horn Hann is explained in 'Crowdfunding a democratizing force financing but benefits those with lower income, education less.'

Poets & Quants – July 26 – '2020 Best & Brightest EMBAs' includes: "The Class has certainly racked up its share of accolades. Take [Maryland Smith's] Kimberly Lumpkins. She was named one of Baltimore Magazine's Top Doctors in 2019. That year, the student council at the University of Maryland's School of Medicine also honored her with the Best Clinical Faculty Award." … Clinical Professor of Marketing Judy Frels and Professor of the Practice in Systems Thinking and Design Gerald Suarez also gave comments. Frels: "[Patricia Turner] is an executive of courage, values, and fortitude. Having her in the classroom raised the quality and honesty of the conversation for us all." Suarez:"[Lumpkins'] intellectual curiosity, passion for learning, and deep sense of duty and commitment to giving back to others were contagious and commendable. She quickly established herself as a leader among her peers."

US News & World Report – July 24 – "Are Too Big to Fail Banks Still a Problem?" quotes Clinical Professor of Finance David Kass: [Kass]: "Unlike 2007 to 2009, the largest banks are very well-capitalized and recently passed an annual stress test. The major bank regulators have not expressed any concerns" about too big to fail to be a major problem. Kass notes that the Federal Reserve has suspended stock buybacks at big banks in the third quarter to deal with the unknown potential fallout from the pandemic. The Fed also capped dividends at a certain percentage of income. Still, some banks will always be more flimsily positioned than others, and some cracks have begun to emerge at major U.S. banks. "Wells Fargo did recently cut its cash dividend by 80% as a result of a quarterly loss resulting from adding to its reserves as it anticipates loan losses" from the pandemic, Kass says.

GARP – July 24 – Professor of the Practice Clifford Rossi is quoted in "CROs Seek Pandemic Solutions," including: "This crisis will test all of the enterprise risk frameworks that have been set up since the last crisis," said Rossi.

Seeking Alpha – July 22 – Clinical Professor of Finance David Kass guest blogs "10 Stocks for Mid Year 2020."

OneZero – July 22 – "Remote Work Can Actually Flip the Power Dynamic With Your Boss" quotes management professor Trevor Foulk: [Foulk] says that further issues between management and employees can occur because bosses and other powerful people are better able to focus on others besides themselves when they feel needed, but that employee needs may get lost in the shuffle online. "There's a lot of research suggesting that powerful people tend to focus on their own goals and agendas, and tend to think of powerless people as just means to their own ends," he says. Foulk says that online conversations tend to be more transactional, and as a result, "leaders may miss subtle cues in their followers' voice and body language that indicate that they're really in need of something," leaving the manager to continue focusing on their own needs and desires, instead of the people whom they preside over.

AARP magazine – July 22 – "Where has all the Lysol Gone" quotes Martin Dresner: [Dresner] says it will likely take "a change in circumstances" to bring demand back down to a point where stores don't sell out of disinfectants right away. He expects that time will come when fears of future lockdowns ease and COVID-19 case counts start to decline.

Upgrade Magazine – July 16 – Career and leadership coach Rachel Loock and management professor Trevor Foulk give "Success tips for telework newcomers."

NHK (Japan) – July 15 – Professor of Marketing Amna Kirmani discusses the Black Lives Matter movement's implications for brands in "Businesses Rush to Support BLM."

Business Insider – July 13 – "Elon Musk is officially richer than Warren Buffett" cites previous comments by Clinical Professor of Finance David Kass: Yet Berkshire's $94 billion Apple stake, $137 billion in cash as of March 31, and the rest of its stock portfolio are currently worth a combined $344 billion — more than 75% of its $443 billion market capitalization. [Kass] tweeted that fact last weekend, pointing out that it implies the rest of Berkshire is worth only $100 billion. Berkshire owns dozens of businesses including Geico, See's Candies, MidAmerican Energy, and the Burlington Northern railroad.

Innovation Origins – July 11 – Distinguished University Professor Roland Rust's 'Future of marketing' paper is cited in "Tomorrow is good: It's time for a moral transition": In his recently published article 'The Future of Marketing' Roland Rust maintains that avoiding short-term decision-making is one of the most important practical implications of technological, social, and geopolitical trends nowadays. He claims that in order to survive, companies need to shift their focus from short-term transactions to long-term relationships with their clients. Incidentally, this is not a newly espoused idea, but a very important one all the same. An important idea not only for the business community but also for the government.

Washington Post – July 10 – "Shares by the Slice: Fractional Investing Sparks Stock Market Stampede" quotes Clinical Professor of Finance David Kass: "Companies always wanted to target their stock price in the $40 range, so if the stock price rose to $80, they split it two-for-one to get back to $40," said [Kass] "Shares were more affordable." … "If you look at the five most highly capitalized stocks — Apple, Microsoft, Amazon, Alphabet and Facebook — every one of these stocks is more than $200," Kass said. "So fractional shares make sense." (Amazon founder and chief executive Jeff Bezos owns The Washington Post.) Kass said, on the whole, the positives outweigh the negatives, but he said he is troubled that fractional trading encourages speculation. "People could be looking at stock trading for the entertainment value, and inexperienced shareholders could lose money," he said.

CNN Business – July 10 – "A new world war over technology" quotes Research Professor Kislaya Prasad: The advancement of technology in other parts of the world also suggests that there are "evolving, multiple playbooks" beyond the rivalry between the United States and China, according to [Prasad]. He pointed to China's neighbor India, which is pushing for growth among local industries while also enjoying a major internet boom. When New Delhi banned TikTok and other major Chinese apps in late June, local app developers like Indian-made Chingari rushed to fill the void.

Sinclair Broadcast Group (via Fox-45 Baltimore) – July 10 "Biden and Trump battle over 'Made in America' economic agenda" quotes Clinical Professor of Finance David Kass: "There is this feeling, consistent somewhat with what President Trump has been doing, of moving in the direction of de-globalization," said [Kass]. "There is no doubt that we are moving in the direction of self-sufficiency. "Given the post-pandemic push from government and private businesses to secure domestic supply chains, the country will continue to move in that direction under a Biden or Trump presidency, Kass added…A less confrontational Biden presidency could spur more international trade activity for the United States, Kass suggested, plus less volatility.

The Hill – July 10 – Director of Military and Veteran Affairs Frank Goertner writes op-ed "Three questions for US defense leaders."

Science NewsNet – July 10 – Professor of the Practice Clifford Rossi explains implications of climate volatility for the mortgage industry, via "Atlantic hurricane season and mortgage default risk."

Maryland Daily Record – July 9 – Maryland Smith's Maryland Business: Rebooted – a free webinar series targeting Maryland's workforce and entrepreneurs -- is laid out in "UMD Smith School to offer free business education program." ... Also at Herald Media (Hagerstown), others.

Los Angeles Times – July 8 – "Syringes are key to coronavirus vaccine delivery. Trump is relying on two untested suppliers"quotes Research Professor Sandor Boyson: Included in those contracts were options to dramatically expand the government's order in case of an emergency, potentially increasing the value of the contracts from as little as $25,000 to as much as $85 million, according to the 2018 request for proposals. When COVID-19 struck, HHS moved to scale up its orders under those existing contracts "That's a pretty big surge," said [Boyson]. He said such a range in demand could present capacity challenges for smaller companies.

Forbes – July 6 – Rudolph Lamone Chair and Professor in Strategy and Entrepreneurship Rajshree Agarwal writes "U.S. consumers and producers need immigration In the post-Covid World." Previous Agarwal-Forbes column: "Overcoming bias in a world of bad information" (June 23).

Bloomberg – July 6 – "Buffett Sticks to Comfort Zones With His Dominion Energy Deal" quotes Clinical Professor of Finance David Kass: "He's willing to make investments now, of a fairly sizable amount," said [Kass]. "It's very positive that he's sending a signal for the right deal at the right price, $10 billion or more -- 'We're ready to go, we're ready to invest.'"…Related coverage atThe Energy Mix, Sina Finance, others.

I95 Business – July 4 – Distinguished University Professor Roland Rust writes guest column "Get Ready for the Feeling Economy": Emotional Intelligence and People Skills Will Drive the Future of Business."

Politico – July 3 – Research Professor Sandor Boyson contributes a "Let the military manage the supply chain" essay as part of "How to Redesign the World for Coronavirus and Beyond."

Marketplace Radio – July 3 – Dean's Chair in Marketing Science P.K. Kannan comments in "Cord-cutting options getting closer to cable TV prices": …But Viacom CBS sold this as part of a bundle. You want Comedy Central? You have to buy the Smithsonian Channel and Paramount TV. "When YouTube wants to expand their coverage, then they have to go to these content producers who sell things in bundles, and so their costs go up," said [Kannan]. And as YouTube's costs go up, so do the viewer's.

Sinclair Broadcast Group – July 3 – "Record job growth seen in June, but gains could slow as coronavirus cases spike" quotes Distinguished University Professor Roland Rust: …"There are going to be a lot of people that don't want to go to work and even more people who don't want to go to a restaurant or a retail establishment," said [Rust]. Rust warned those interpreting the surge in rehiring as proof emergency relief programs do not need to be extended may be misreading the numbers. Businesses temporarily propped up by programs like the Paycheck Protection Program have been able to reopen, but many are still struggling to get back on their feet. "The opening up leads to a short-term blip in employment, but that is basically unsustainable…Unless they quickly come in with a new PPP that is even more aggressive than the previous one, what's going to happen is a lot of these small retailers that are just hanging on by a thread are going to be in trouble."

Wired UK – July 2 – Rudolph Lamone Chair and Professor in Strategy and Entrepreneurship Rajshree Agarwal contributes to "There's a massive scam hiding behind Google's search results": People will always try to game automated systems when there's an incentive to do so, says [Agarwal] who has studied machine learning-assisted hiring. That's why any automated system needs human input — whether it's for job applications or search engines. But machines need to be pointed in the right direction. "The human element is critical," she says. But Agarwal says protectionist immigration policies are increasingly out of step with the new reality of widespread remote work — such as the recent suspension of visas that allow foreigners to work in the US. "If you can be abroad and work for a US company, you don't need a work visa," Agarwal says. "The H-1B visa policy is missing the point: in a remote work world, the jobs are going to follow the market."

Modern Marketing (South Africa) – July 2 – "How to attract shoppers post-lockdown" quotes Professor of Marketing Jie Zhang: "To attract consumers back, shopping malls will need to beef up their entertainment offerings, their recreational offerings, and their experiential-based shopping offerings."

June 2020

Wall Street Journal – June 30 – WSJ publishes Clinical Professor of Finance David Kass' letter to the editor under "'Feelgood' Fed treating the patient correctly."

Newsy – June 30 – "How the Facebook ad boycott may also help fight misinformation" quotes Dean's Chair in Marketing Science P.K. Kannan: The boycott has led to short-term financial impacts, as Facebook's stock dropped 8% during trading last Friday. Some of the biggest advertisers participating in the boycott, like Starbucks and Microsoft, also represent and may lead the way for industries that make up large parts of Facebook's ad revenue. "It is undeniable that much of their revenue comes from travel, hospitality, retail and CPG — and that makes up about 45-50%," said [Kannan].

Wallet Hacks – June 30 – "5 big difference between commercial banks and credit unions" quotes Clinical Professor of Finance David Kass: "My advice for people choosing a bank for a loan, checking account, savings account, etc. would be to visit several banks near their home or office to compare the terms (interest rates, etc.) to find the best package of services for them. Likewise, I would make similar comparisons with credit unions that they are eligible to join. If someone is looking for the highest rate of interest on a certificate of deposit (with an expiration date of 6 months, 1 year, etc.), online banks should also be considered. Both banks and credit unions insure their deposits up to $250,000."

Jot/Up – June 30 – "New Paper Identifies Flaws in Disaster Protection for Workers' Credit Act of 2020 and Prescribes Fixes" features a study by Professor of the Practice Clifford Rossi.

InvestorPlace June 26 – "Money moves for recent grads" is guest commentary from Clinical Associate Professor of Finance Elinda Kiss.

Revista CEA – June 26 – Interim Dean Ritu Agarwal writes guest piece "Digital Transformation: A Path to Economic and Societal Value."

New Kerala (India) – June 25 – Professor of the Practice in Systems Thinking and Design Gerald Suarez gives insights in "A summer vacation at home: 'Safecation' tips."

NHK (Japan) – June 25 – Professor of Marketing Amna Kirmani commented in a national broadcast report (not online) titled "Black Lives Matter and Companies": "This generation is liberal, mostly. They believe in climate change – that's an important issue for them. They believe in social justice. And this is a huge social justice issue. That they want companies not just to say, 'yes we support this cause,' but for them actually to do something about it… Silence [by brands], in general, is not a wise strategy if you're targeting young people… "I asked my teenage children yesterday, 'What are the Japanese companies doing [in terms of the Black Lives Matter issue emanating from the United States]?' … 'What is Canon doing? What is Nikon doing?' … 'Well, they're featuring a lot of Black photographers and models…unlike before,' they said, 'and this is a good thing.'"

GCN – June 24 – "Algorithms can be gamed, but experienced humans can help," examines new research by Rudolph Lamone Chair and Professor in Strategy and Entrepreneurship Rajshree Agarwal and management faculty colleague Evan Starr. Related coverage of the study, "Machine Learning and Human Capital Complementarities: Experimental Evidence on Bias Mitigation," via ScienMag, Eurasia Review, Sci Tech Daily, others.

Maryland Today – June 24 – "Gifts of Going Solo" features five tips for enjoying alone time as social distancing becomes the norm.

GoingConcern – June 23 – Accounting Lecturer Samuel Handwerger's op-ed "What COVID-19 Tells Us About … SALT" examines coronavirus implications for state and local taxation.

InvestorPlace – June 23 – "4 oil stocks digging their own graves" quotes Clinical Professor of Finance David Kass: "Dividends are at the greatest risk of being cut or eliminated in those sectors of the economy that have been impacted the most by the lockdowns and social distancing…The sharp worldwide drop in demand for oil, including gasoline for cars and jet fuel, has reduced oil prices below the breakeven point of many oil companies, thereby jeopardizing their dividends."

Poets & Quants – June 22 – "What A Post-COVID-19 MBA Looks Like" quotes Associate Dean for Master's Programs Wendy Moe from her recent comments to Business Insider: "The traditional model of teaching is being challenged," [Moe] tells Business Insider. "Lectures that can easily be recorded will give way to carefully designed synchronous activities that engage the students' critical thinking and analytical skills. This 'flipped' model of the classroom has been slowly making its way into MBA education over the past few years, but the move online due to the pandemic is accelerating that change."

InvestorPlace – June 22 – "Halliburton Is Worth Considering at $10 or Less"quotes Professor of the Practice Charles Olson: "In a market glutted with oil, you use up what you have and stop investing. This hurts a lot of companies and their workers who are in the business of being suppliers to the big oil companies. Think of companies like Baker Hughes (NYSE:BKR), Halliburton and Schlumberger (NYSE:SLB). These represent offshore drillers that provide jobs that pay pretty well but are being eliminated with the tremendous plunge in the price. Moreover, the demand for oil has been eviscerated by Covid-19 and all kinds of support jobs in the oil industry go away."…Additional Olson commentary in InvestorPlace's "3 energy stocks to buy for long-term gains." (June 22).

USA Today – June 18 – "'Boycott for Black Lives': People plan to stop spending in companies that don't support BLM" quotes Professor of Marketing Amna Kirmani: "The effectiveness varies in terms of how many people get involved and how long it lasts," according to [Kirmani]. Kirmani said the boycotts related to Black Lives Matter have the potential to be successful for a number of reasons. "With social media, instant organization and being able to reach a large number of people, efforts are likely to be much quicker."

InvestorPlace – June 17 – "3 Dow Jones Companies to Buy When Profit-Taking Kicks In" quotes Clinical Professor of Finance David Kass: "To prevent the recession from becoming a depression, the Federal Government will have to plug the hole in the U.S economy, created by the substantial drop in consumer spending, with trillions of dollars of additional spending by the Federal Reserve, Treasury and Congress. … The Federal Reserve can provide trillions of dollars in loans to support the economy. This funding would assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services until there is a widely available vaccine."

The Hill – June 16 – Research Professor Sandor Boyson's op-ed "Federal government must pivot from venture capital seeder to overseer" addresses the U.S. vaccine supply chain.

CNBC – June 16 – Michael D. Dingman Chair in Strategy and Entrepreneurship Anil K. Gupta is cited as among experts helping select the"2020 CNBC Disruptor 50 list of revolutionary start-ups."

Supply Chain Dive – June 15 – Supply chain management professor Adams Steven comments in "FedEx, UPS on-time performance falls in May": "FedEx, UPS, USPS, [and] Amazon all saw surges in the demand for their services putting a serious pressure on their capacities to meet this surge," Steven said. As FedEx and UPS experience peak-season-level volume, there have been reports that the carriers are hiring fewer workers compared to the same time last year, he said, plus the drop in airfreight capacity has complicated that leg of the supply chain. "In the end, the intersection of reduced capacity and increased volume results in non-deliveries, delayed deliveries, and consequently low on-time performance."

GovCon Wire – June 12 – "FAA Grants Funding Extension for U of Maryland-Led Aviation Research Consortium" includes: UMD Professors Michael Ball [Maryland Smith Senior Associate Dean for Faculty and Research] and David Lovell will lead the university's efforts for NEXTOR III, the Consortium in Aviation Operations Research composed of eight universities. "Obviously COVID-19 already has had a huge impact on aviation," Ball said. "The pandemic will result in some fundamental changes to air transportation."

QSR Magazine – June 11 – Ralph J. Tyser Professor of Marketing Amna Kirmani comments extensively in "Expert preparation tips for QSR (quick-service restaurant) boycotts, vitriol in presidential election year."

ValueWalk – June 11 – Clinical Professor of Finance David Kass guest blogs "Is the stock market socially distancing itself from the economy?" Also published by Talk Markets… Previous Kass-ValueWalk post: Why Warren Buffett Is More Concerned About Pandemics Than Wars And Financial Crises (May 11).

Business Insider – June 10 – Associate Dean of Master's Programs Wendy Moe comments in "Experts predict MBA programs post-COVID-19 will invest in more advanced virtual learning and courses on leading during crises — and experience a drop in international applicants": The traditional model of teaching is being challenged," said [Moe]. "Lectures that can easily be recorded will give way to carefully designed synchronous activities that engage the students' critical thinking and analytical skills. This 'flipped' model of the classroom has been slowly making its way into MBA education over the past few years, but the move online due to the pandemic is accelerating that change…My hope for MBA programs is that they will continue to train future business leaders on not only the tangible skills of supply chain management, marketing, operation, or HR, but also how to be adaptive leaders who can effectively manage change…Our recent crisis has forced organizations into rapid change. In a more stable environment, the environment still evolves, just more slowly, and change is still needed for an organization to succeed."

Science Newsnet – June 10 – "Work habits of highly effective teams" overviews research co-authored by management professor Cynthia Kay Stevens.

Forbes – June 9 – Associate Professor of Management and Entrepreneurship David Kirsch comments for "Delving deeper into Facebook's murky community standards." "Put simply, Facebook cannot figure out how to consistently enforce its own standards," said [Kirsch]. "Leaving everything up to the algorithm results in the experiences you have documented – seemingly innocuous, historically legitimate photos, materials and contributions being improperly flagged as violations. Finding exactly where the Facebook AI draws the line between an inappropriate piece of Nazi propaganda and a legitimate historical inquiry into that very same topic is impossible because the algorithm itself is proprietary and therefore invisible to us. We only see the results."

Organizational History Network (Blog) – June 9 – "Historicizing the bubble and contextualizing email archives" announces funding from the Arts and Humanities Research Council (UK) to a research team including Associate Professor of Management and Entrepreneurship David Kirsch to "investigate how historical researchers may be able to research emails as historical sources, and use this resource to historicise the boom from the perspective of a software development company."

Forbes – June 8 – Rudolph Lamone Chair and Professor in Strategy and Entrepreneurship Rajshree Agarwal writes: "Creating dialogue in light of oppression." Previous Agarwal-Forbes columns: "Six fallacies that will stall COVID-19 recovery" (May 27) and "Back to the future? Imagine life 25 years ago with COVID-19" (May 11).

Poets & Quants – June 8 – Class of 2020 Best and Brightest Online MBAs profiles Maryland Smith's Leland Nislow and Vi Zenone and further highlights Zenone: Communication and collaboration were enhanced by a range of technology applications…The University of Maryland's Vi Zenone adds Canvas, Adobe Connect, and Google products like Hangouts and Docs to the list.

Herald Mail Media (Hagerstown) – June 8 – Marketing professor Rebecca Ratner gives "Tips for overcoming alone time still caused by COVD-19."

The Economist (Executive Education Navigator) – June 8 – Professor of the Practice Gerald Suarez comments extensively through "Successfully leading a distributed workforce."

InvestorPlace – June 7 – "Even with rising oil prices, Halliburton stock will stay stuck in neutral" quotes Professor of the Practice Charles Olson: "Companies need to become really lean and efficient. No one foresaw oil plunge — to $20 a barrel about a month ago and for a period of time at a negative $34 a barrel. Under these conditions, you have to be willing and able to chop costs like crazy, and many companies aren't able to do so. A lot of people in the industry were caught off-guard by that price plunge. I've been an expert in this area for a long time and I never thought I'd see anything like this. It's really shocking."

CBS New York – June 5 – Charles E. Smith Chair Professor of Finance Albert "Pete" Kyle comments extensively in "Unemployment Unexpectedly Drops, But Full Recovery Not Imminent."

Washington Business Journal – June 5 – Associate Dean of Undergraduate Programs Victor Mullins contributes commentary to "The Time is Now: The region's business leaders reflect on the racial inequity that led to George Floyd's death."

Agence France Presse via Barron's – June 2 – "More than words? Racial unrest raises questions for corporate America" quotes Clinical Professor of Marketing Henry C. Boyd III: "There are a lot of companies out there that want to do window dressing," said [Boyd]. "You need to be acting, you need to be moving quickly…There was a time where a lot of companies said they want to be above the fray, 'let's not get involved, we're Switzerland,' Boyd said. "You don't have that luxury anymore. Brands today have to take a position."

Fourth Ventricle – June 2 – "Luxury handbag wearers likely to behave selfishly" overviews research by marketing professor Yajin Wang newly published in the International Journal of Research in Marketing.

Supply Chain Dive – June 2 – "Coca-Cola, Mondelez trim SKUs as CPGs tackle pandemic stresses": quotes Professor of the Practice Suresh Acharya: The "long tail" refers to the end of a list of SKUs, usually sorted by total sales. "SKU rationalization is something all (CPG) companies always look to do … But in good times, it's not something companies spend too much time on," [says Acharya]. "The ROI on the long tail (products that interest a few but are offered because of its special appeal) is questionable."

Poets & Quants – June 1 – "MBAs to Watch: Class of 2020" profiles Maryland Smith graduating MBAs Jeremy Stratton, Vanessa Chang and Snigdha Sina.

May 2020

Find MBA – May 27 – "Should you apply for an online or campus MBA when lockdown ends?" quotes Paulo Prochno, assistant dean for part-time MBA and online programs: Online MBA students cultivate contacts via weekly live lectures at Maryland Smith. "If there's a drawback to online study, it's the challenge of providing a community experience," says Prochno. "These sessions engage the entire class," he adds. "They all see one another and the faculty in real time — an opportunity to create a real sense of community."

JSTOR Daily – May 27 – "The Commercial Real-Estate Market's Impending Crash" quotes Professor of the Practice Clifford Rossi: "Lenders may find restructuring the terms of commercial loans can be an effective loss mitigation strategy," said [Rossi]. "Determining an obligor's ability to repay a restructured loan is critical to ensuring the success of any such strategy. During the 2008 financial crisis, for example, lenders faced significant redefaults on modified residential mortgages, an issue that is more pronounced in the commercial real estate sector…[Mall] landlords should prepare for a significant rise in late payments and defaults over the next couple of months…Delinquency rates on commercial real estate debt will be dominated by two factors: the speed by which states are able to reopen businesses and the degree to which consumer fears over a continuation of the virus will offset their desire to return to normal shopping habits."

NACS blog – May 26 – "How to future-proof business for disruption" overviews a recent webinar presented by Clinical Professor Oliver Schlake to fuel/convenience store retailers.

Yahoo Finance – May 26 – Professor of the Practice Gerald Suarez gives "Summer vacation at home ('safecation') tips."

Legal Theory Blog – May 25 – Interpretation of public pension legislation & the contracts clause" overviews Professor of Business Law Leigh Anenson's "Clashing Canons and the Contract Clause" paper.

Science Newsnet – May 23 – Professor of the Practice Gerald Suarez describes "How to weigh and implement the 4-day workweek."

WAMU – May 22 – Career coach Julie Neill discusses "Navigating the post-pandemic job market" as a Kojo Nnamdi Show expert panelist… Related: Neill reiterates, expands on her Kojo Nnamdi Show input in a "Future-proof your career" LinkedIn-Pulse column (May 27).

Sinclair Broadcasting/WJLA (ABC-7) – May 20 – "Lawmakers, experts at odds over urgency of further coronavirus stimulus spending" quotes marketing professor Roland Rust: "Some politicians think that they can just turn a switch and 'open up the economy,' but that will not work out the way they think it will," said [Rust]. Several sectors of the economy have been severely damaged, including retail, hospitality, travel, and entertainment, and many small businesses are facing up to three months without revenue. With unemployment potentially topping 20% in the months ahead and some businesses struggling to access existing relief funds, Rust warned moving too fast to reopen businesses could exacerbate the economic damage. "To get going again, companies need 1) customers who are willing to show up, 2) employees who are willing to show up, and 3) a slow and gradual rehiring of their workforce, as health conditions improve," he said.

Bloomberg – May 19 "Buffett cuts crisis-era bet on Goldman" quotes Clinical Professor of Finance David Kass: "He has this historical relationship with Goldman, so maybe there's some sentimental value," said [Kass]. "But of course, Buffett's primary concern is efficient allocation of capital." Buffett's longtime business partner, Berkshire Vice Chairman Charlie Munger, put it more succinctly around four years ago: The pair tends to fear investment-banking business more than they love it… Related: Bloomberg columnist highlights Kass' quote He's always been a little skittish about investing in investment banks after getting somewhat burned in the Salomon experience. Related: Bloomberg Money Stuff columnist Matt Levine requotes Kass.

Healio – May 18 – Interim Dean Ritu Agarwal and CHIDS Deputy Director Kenyon Crowley comment in "Public health officials turn to smartphone apps to strengthen covid-19 response": "As we learn more about COVID-19 and collect more data, smartphone apps may help us predict the presence of disease in more passive ways, such as through signals from wearables like smart watches combined with AI," [Crowley said]… Agarwal: "critical roadblocks that need to be addressed in order to effectively deploy smartphones include not only privacy considerations and data security but also the digital divide."

MamaMia-The Quicky (Australia podcast) – May 17 – Associate Professor of Management and Entrepreneurship David Kirsch discusses "Elon Musk: Supervillain or super innovator?"

WalletHub – - May 17 – "Best gas credit cards" includes insight from Professor of Marketing Jie Zhang: "Given gas prices are so low, I actually don't see a compelling reason for gas station chains to use rewards credit cards to attract or retain customers. In addition to record-low gas prices, American consumers are also traveling much less due to the coronavirus pandemic, which further reduces the appeal of reward cards. An alternative option may be more effective -- to team up with preferred shopper card programs of grocery retailers, similar to the partnership between supermarket chain Giant and Shell…"

Washington Post – May 16 – "Why bikeshare and e-scooter companies, hit hard by the pandemic, may come back stronger" quotes Assistant Professor (DOIT) Ashish Kabra: Cities are hoping for a resurgence in the modes to avoid a return to pre-pandemic traffic levels and to help fill gaps left as most public transit systems continue to provide reduced service. "Given the choices we have, [bikes and scooters] seem to be the much safer modes of transportation. You are able to social distance yourself and still have a means to get to where you need to get to without a car," said [Kabra].

PR Daily – May 15 – Dean's Chair in Marketing Science P.K. Kannan does a Q&A on "Paid social media dominant during COVID-19."

Seeking Alpha – May 14 – Management professor Trevor Foulk and Associate Director of EMBA Career Coaching, Programming and Outreach Rachel Loock give "Success tips for telework newcomers."

Brookings (Blog) – May 13 "Figures of the week: Africa's fiscal response to COVID-19" references previous commentary by William E. Mayer Chair Professor of Finance Lemma Senbet: For more research and commentary on Africa's rising debt see "Is sub-Saharan Africa facing another systemic sovereign debt crisis?" and the associated blog by Brahima Coulibaly, Dhruv Gandhi, and Lemma Senbet.

Wall Street Journal – May 10 – Rudolph P. Lamone Chair and Professor in Entrepreneurship Rajshree Agarwal contributes one of six 'Theories on why fast-growing startups seem to be disappearing': The government has been tightening rules on business in recent years, and those new regulations are disproportionately impacting small, high-growth firms, according to Rajshree Agarwal, an endowed professor and director of the Ed Snider Center for Enterprise and Markets at the University of Maryland. Not only is it easier for larger firms to meet the new standards, they can also shape regulations through lobbying, to favor themselves, she says…

Maryland Today – May 8 – "Room to Improve on Zoom" gives visual and sound tips for videoconferencing from Maryland Smith videographer Tony Richards.

Australian Financial Review – May 7 – "Study shows smarter way to trade shares" examines new research by Charles E. Smith Chair in Finance Albert "Pete" Kyle.

The Hill – May 7 – Professor of the Practice in Finance Clifford Rossi writes op-ed, "Coronavirus is a problem data models cannot comprehend."

Ms. Magazine – May 7 – Assistant Professor of Management Science and Statistics Margret Bjarnadottir writes op-ed "We're Not Waiting 200 Years to Close the Gender Pay Gap." Related: 'Keep my options open' (April 9) via Thrive Global.

Business News Daily – May 6 – "Keep online ads simple" draws from PepsiCo Chair in Consumer Science Michel Wedel's 'Thin Slice Impressions' research published by Journal of Marketing Research.

Multibriefs – May 5 – Professor of Marketing Jie Zhang is a primary source for "Can pandemic-surviving shopping malls actually thrive?" Related: GlobeSt's "Retail's Second Act" (May 1) quotes Zhang extensively. – May 5 – "Considering social influences across the customer journey" summarizes new research by Associate Professor of Marketing Rosallina Ferarro.

EE Times (Electonic Engineering) – May 4 – "Redirecting the DoD Supply Chain to Help With the Covid-19 Medical Crisis" draws from research professor Sandor Boyson's recent commentary at The Hill on the same topic.

Bloomberg – May 4 – Clinical Professor of Finance David Kass comments for "Buffett's virtual meeting turns spotlight on potential successor": "He demonstrated very broad knowledge across the company. He's clearly very intelligent," said [Kass]. Buffett and Abel showed they're "on the same wavelength, they think the same." ... Still, nothing is set in stone. Buffett has yet to publicly name a successor and has a handful of executives who could take over. The legendary investor demonstrated yet again at this year's meeting that he's still mentally sharp, according to Kass.

Poets & Quants – May 2 – "Best and Brightest MBAs Class of 2020" profiles Maryland Smith's Erick Loyo with comments from Associate Dean of Masters Programs Wendy Moe.

Daily Mail (UK) – May 2 – "Devils really do wear Prada! Women who buy designer items are more likely to act in a selfish manner, study finds covers newly published research by marketing professor Yajin Wang. Republished by IOL (South Africa), others. – May 5 – "Two Views" features MBA journey reflections by Maryland Smith grads Rick Hoggard (online) and Stephanie Gomez (full-time).

CNBC (via Yahoo Finance) – Berkshire Hathaway Chairman and CEO Warren Buffett answers Clinical Professor of Finance David Kass' question on stock buybacks in "This should be the guiding principle for corporate stock buybacks." Related: Kass discusses topics surrounding Berkshire Hathaway's annual shareholders meeting, via Sina Finance (China)

The Information – May 1 – Associate Clinical Professor of Management Nicole Coomber is a source for "Discovering Your Spouse's Annoying Work Personality": Coomber…has focused much of her research on the field of emotional intelligence, which involves having awareness of one's own feelings and an understanding of the needs of others. That aptitude is more important than ever, Coomber said, as people negotiate working in close proximity…

Tadias – May 1 – William E. Mayer Chair Professor of Finance Lemma Senbet discusses Covid-19's impact on African economies in a Q&A.

April 2020

Inside Higher Ed – April 30 – "Decision Points Loom for College Leaders" quotes David Bruce Smith Chair in Marketing Roland Rust: "Think about it from the standpoint of the student or prospective student," said [Rust] during a Thursday conference call. "Economic problems combined with behavioral problems of students not wanting to be here, those combine to be a very tough problem to solve."

Investors Chronicle – April 30 – "What are the smartest fund managers' most loved stocks, and are they worth knowing?" draws heavily from research by Dean's Chair in Finance Russell Wermers.

Washington Post – April 29 – " How to protect your next trip against a pandemic" quotes David Bruce Smith Chair in Marketing Roland Rust: "The coronavirus outbreak, at this point, is unpredictable," says [Rust] "That means that travel plans may end up being canceled. Consumers should maintain as much flexibility as possible."

American Entrepreneurship Institute Today – April 29 – 'Water-saving automatic flushing system wins virtual pitch competition' recaps the recent Dingman Center-hosted competition.

TopMBA – April 28 – Clinical Professor of Marketing Judy Frels contributes to 'B-school professors recommend activities to pass time in the pandemic': "Instead of reading about business, why not actively learn about it? By trying the MicroMasters in MBA Core Curriculum on the edX platform, users can sample MBA-level courses, like those Maryland Smith offers – or those from many other schools – in marketing, accounting, data analysis, and global business," says Frels. "Trying this out now is especially timely for deciding whether to enroll full time in an MBA program for this fall. Or, a student can continue in a MicroMasters program and complete up to 25 percent of an MBA for less than a credit."

Forbes – April 27 – Column by Rudolph P. Lamone Chair and Professor in Entrepreneurship Rajshree Agarwal addresses 'Customizing boundaries when your team suddenly works from home.' … Previous Agarwal-Forbes column: 'Three Keys to engaged, productive telework teams.' (April 14)

Capital News Service (via WTOP) – April 25 – Professor of the Practice in Systems Thinking & Design Gerald Suarez comments in 'Hogan's political future tied to Maryland's economic recovery': "He is driven by facts. That is so important in a crisis. You share what you know. You share how you became aware of it. That gives you a basis for a decision. He has been pragmatic," Suarez said. "He is maintaining balance by giving you hope, by demonstrating mastery of the issue, but at the same time, he is being realistic." – April 22 – "Reflections on the Enforceability of Noncompetes in a Post-COVID-19 World" references recent FTC-hearing testimony and related research by Assistant Professor of Management Evan Starr.

TechTarget – April 22 – "Emotion AI shows promise for IT leaders in the enterprise" is based on a Q&A with PepsiCo Chair in Computer Science Michel Wedel.

DS News – April 21 – "Fannie Mae and Freddie Mac: Getting From Here to There" quotes Professor of the Practice Clifford Rossi: If there's a second Trump administration, the plans to emerge from conservatorship are more likely to move forward after the election, said [Rossi]. If the Democrats win in November, they might look at it a little longer." Whichever party is in power after the election will want GSEs with a stronger risk governance so that neither Fannie or Freddie goes back to making the risky loans that were responsible, a least in part, for the conservatorship in the first place, Rossi added.

U.S. News & World Report – April 20 – Clinical Professor of Finance David Kass contributes to 'What financial experts are saying about the health crisis.' This health crisis "is a once-in-a-century event that the world has not experienced since the Spanish flu of 1918," says [Kass]. Fortunately, the U.S. entered the crisis with a strong economy and banking system. Kass predicts "the stock market and the economy will start to recover as soon as the number of new cases declines sharply," likely with the "development of therapeutic treatments by the end of the summer." But the economy won't fully recover until there's a vaccine, which could be two years away. While the duration of the health crisis remains unknown, he says it "is definitely not another Great Depression."

Sinclair Broadcasting Group (via WJLA ABC-7) – April 20 – Large chains securing small business relief loans spark backlash, calls for reform quotes David Bruce Smith Chair in Marketing Roland Rust: After states lift orders for residents to remain at home, people might be reluctant to go out and spend money until they are confident the government has the virus outbreak under control. "The small businesses need more, but the loan program addresses only the supply side," Rust said. "The small businesses will not actually recover until consumer demand recovers, and that could take a long time, especially if the consumers do not trust the government's approach to the problem."

Talk Markets – April 19 – Clinical Professor of Finance David Kass guest blogs: "Are Warren Buffett and Charlie Munger Buying Now?"

USA Today – April 18 – "In a chaotic market for coronavirus masks, the feds are competition. Here's how they could help" references recent commentary by Research Professor Sandor Boyson: In an op-ed for The Hill, [Boyson] said the DLA has a vast network of key suppliers, distribution centers across the country and the know-how to quickly move supplies where they need to go. The agency employs about 26,000 civilian and military personnel around the globe managing purchases for about 5 million items, including medical equipment and protective gear. Part of its mission is supporting disaster relief and working with FEMA.

GARP – April 17 – Analysis by Professor of the Practice Clifford Rossi and Executive in Residence William Longbrake supports the Risk Intelligence piece "Economies and Populations Will Recover, but When?"

HR Dive – April 16 – "Microsoft virtual internships to have lasting influence" quotes Associate Director of Career Services Rachel Loock: "[Students] want to gain the experience that prepares them for the next professional opportunity and the chance to build relationships with other professionals in their field," [Loock said]. "That really sets apart a positive internship experience from a negative one." Related: 'How to source college interns and early hires' (April 15) and '3 steps to optimize intern onboarding and training' (April 14) quote both Loock and Clinical Professor of Management Nicole Coomber.

Motley Fool (via Yahoo Finance) – April 16 – "Air Canada: Get Ready for Warren Buffett" quotes Clinical Professor of Finance David Kass: "Buffett said the airline labor problems from previous years have been mostly resolved," noted [Kass]. You've had a consolidation and the airlines are less likely to have suicidal price competition."

Maryland Today – April 15 – Director of Undergraduate Career Programming Ashlee Chicoine gives insights in 'Building careers during crisis.'

International Business Times – April 13 – Management and entrepreneurship professors Brent Goldfarb and David Kirsch write op-ed "Viruses cannot understand stories: Bubbles, crashes and Covid-19."

Business AM Live (Africa) – April 12 – "Your history with money affects how you negotiate" draws from research by Associate Professor of Management Rellie Derfler-Rozin.

US News & World Report – April 10 – Interim Dean Ritu Agarwal writes op-ed "Technology Can Improve U.S. Tracking of the Coronavirus."

Upgrade Magazine – April 7 – Research, co-authored by marketing professors P.K. Kannan and Michael Trusov, shows "the three most powerful drivers of effective crowdfunding."

The Hill – April 3 – Research Professor Sandor Boyson's op-ed, "A defining moment in our medical supply chain crisis," calls for the federal government to mobilize the DOD's Defense Logistics Agency: "With its authority and incredible scale of operations, the DLA can help save our collapsing medical and essential goods supply chains." – April 1 – Professor of Marketing Jie Zhang explains why the "Mall outlook is cloudy with an experiential horizon." Related coverage in Retail and Food Best Practices' 'How shopping malls can survive' and by The Motley Fool in "Why Simon Property Malls will be a long-term coronavirus winner" (Republished at Nasdaq), others.

Newsy – April 1 – Dean's Chair in Marketing Science P.K. Kannan comments in "COVID-19 spurs record social media use — but ad revenue is falling": Kannan says social media companies are taking an early advertising hit because it's easier to cancel digital ads than physical ones or other kinds of ads. "The way traditional broadcast media works is you need to set your advertising budget well in advance, and usually the chunk for the duration for which you commit yourself is settled on a quarterly basis. They cannot just turn off those things, they've already purchased those ad slots and those ad runs. Digital is done on a daily basis. So, if you decide you want to cut down your budget, it is very easy to turn off digital media, much faster than what you can do with those traditional ones."

Credit Donkey – April 1 – Associate Clinical Professor of Finance Elinda Kiss gives "Choosing a bank" consumer advice.

March 2020

Forbes – March 31 – Rudolph P. Lamone Chair and Professor in Entrepreneurship Rajshree Agarwal writes op-ed "Feeling isolated or down? Try these movies to regain your sense of a purposeful life."

Bloomberg – March 31 – "A sea of seats and just 11 flyers" quotes Senior Associate Dean for Faculty and Research Michael Ball: "You can't cut a plane in half … You cut your level of service, but you have to maintain your basic routes and your network."

Medical Daily – March 27 – Accounting lecturer Samuel Handwerger gives advice on 'What U.S. taxpayers should know amid coronavirus outbreak.' Also covered by Maryland Today as "Tax advice for the pandemic era."

Healthy Holistic Living – March 26 – '9 reasons being alone is good for you' references research by Dean's Professor of Marketing Rebecca Ratner: When deciding whether to do an activity alone–like going to see a movie or play a round of mini-golf–we often perceive we won't have a good time. A scientific study by [Ratner], showed it's all in our heads. It's not that you won't enjoy yourself, it's that you think others will perceive you as lonely. The reality is that you'll have just as much fun solo as you would in a group, provided you allow yourself to enjoy the activity.

Value Walk – March 25 – Clinical Professor of Finance David Kass guest blogs "10 highlights of former Fed Chairman Ben Bernanke on CNBC."

The Fourth Ventricle – March 25 – 'Happy workplace, mood drives employee charitable giving' overviews research co-authored by management professor Meyong-Gu Seong.

WJLA ABC-7 (Sinclair Broadcast Group) – March 23 – "Lawmakers point fingers as Senate efforts to pass $2 trillion relief bill stall" quotes Distinguished University Professor and David Bruce Smith Chair in Marketing Roland Rust: "I think the way they're thinking about is this is like a typical economic problem where you have some recessionary forces and the fiscal stimulus is to fight back against that," said [Rust]. "It's the typical play in the playbook for this type of situation. The problem is this is not acting like a typical recessionary force … Probably even more spending is called for, mainly because I believe the way the Republican bill is put together, a lot of people are left out," Rust said.

Maryland Today – March 20 – In 'Eating out is out: What restaurant owners and their customers can do…' Management and entrepreneurship professor David Kirsch recommends consumers apply a sort of economic triage when determining which businesses could most benefit from their dollars. Meanwhile, restaurant owners may find themselves "forced to reconsider their entire raison d'etre."

Baltimore Sun – March 19 – 'Maryland orders all enclosed shopping malls closed' quotes Professor of Marketing Jie Zhang: "It's been an essential part of the American retail landscape for about a century," said [Zhang]. Shoppers still like to buy jewelry, apparel, cosmetics and other "products that we want but we don't need" in the real rather than online world, she said. "They want to touch and feel it," Zhang said. "You're out, you're with your girlfriends, and you buy it."

Insurance Journal – March 19 – Professor of the Practice Clifford Rossi comments in "NY regs ask insurers for details of business interruption policies in wake of COVID-19": "We are currently seeing the damaging effects on some business sectors and their employees of national, state and local government restrictions on 'bending' the COVID-19 incidence curve," said [Rossi] "This is an example of knee-jerk reaction to a crisis that caught governments flat-footed, and on the surface, feels good." However, Rossi explained that he believes this legislation, if passed, could have a chilling effect on the provision of viable business insurance policies going forward in New Jersey, with some property and casualty companies reconsidering their underwriting of these policies in the state altogether.

Yahoo Finance – March 19 – "Could Warren Buffett Bail Out The Airlines?" quotes Clinical Professor of Finance David Kass: "One of those airlines would certainly be affordable and doable" for a Berkshire purchase, [Kass] told [the Dallas Morning News]. "But then the question is, would Buffett really want to do that?"

The Hill – March 18 – Sandor Boyson writes "3 steps for mitigating severe supply shortages from coronavirus disruption." Also highlighted in Kaiser Health News Morning Briefs. Related: Supply Chain Matters reviews Boyson's commentary in "Words of Wisdom."

The Trace – March 18 – "Gun company stocks rebound as coronavirus sends market tumbling" quotes Dean's Professor of Information SystemsAnandasivam Gopal: Gopal, who co-authored a study of demand in the gun industry, said manufacturing stoppages would reduce supply, which could lead to a backlog of orders for guns. "That will allow firearm manufacturers to look very comfortable for the next 3-4 quarters," he wrote in an email. "This is why it becomes hard to clearly say that the price increase for Ruger and American Outdoor Brands [stocks] will only last a week or so, before subsiding."

CNN Business – March 17 – Associate Clinical Professor of Management and Organization Nicole Coomber contributes to 'How to work from home with kids': There is no professional advantage to pretending things are normal, said [Coomber]. You will reduce your anxiety and better manage everyone's expectations if you are upfront with coworkers about what is going on, she says. "We know that when teams have high levels of trust and a feeling of safety, they are better performing," she said. "When you are open with colleagues, it helps them understand they can be honest, too … Similarly, be honest with yourself about having your kids at home, she said. "Our kids' teachers are professionals," she said. "I can't become an elementary teacher overnight. It is unrealistic for most of us and everyone needs to have more grace with themselves at work and at home."

Insurance Journal – March 17 – "Study finds bias against job candidates motivated by pay, benefits" overviews research by management professor Rellie Derfler-Rozin.

Forbes – March 16 – Rudolph P. Lamone Chair and Professor in Entrepreneurship Rajshree Agarwal writes op-ed "Lessons from penicillin in the race against COVID-19."

KUTV (Sinclair Broadcast Group) – March 16 – "Stock market takes record fall despite emergency Fed rate cuts" quotes Professor of the Practice Clifford Rossi: "With individuals and small businesses and travel-related industries, I think the market's reaction is more a sign that fundamental shifts are starting to rock our economy ... We are sort of in unknown territory for the moment," said [Rossi] "People are dying now," Rossi said. "When that happens, the big issue is you have consumer confidence not only being wiped out but also the personal safety issues, and the fact that there is so much uncertainty about what lies around the corner is going to create significant headwinds on our economy."

Bloomberg – March 12 – "Buffett bet that infuriated Icahn is hit hard by oil crash" quotes Clinical Professor of Finance David Kass: Occidental's dwindling market value has raised speculation over whether Buffett would ever buy the company outright. While Buffett has the funds, any eventual purchase would depend on his outlook for the oil market and other variables, said [Kass]. "It's certainly well within the $128 billion that Buffett has to spend," Kass said. "But would the risks far outweigh the expected reward?"

The Conversation – March 12 – "When the coronavirus gets tough, the tough get stockpiling" draws from research co-authored by Logistics, Business and Public Policy professor and chair Martin Dresner and is covered by Maryland Today: "During coronavirus outbreak, it's hoard times."

Baltimore Sun – March 10 – 'Multiple Maryland universities cancel classes to stem coronavirus, plan to go remote' includes Clinical Professor of Finance David Kass weighing in on the classroom-to-online teaching transition due to coronavirus mitigation efforts.

Maryland Today – March 10 – Decision Operations Information Technology professors Lauren Ruhe and John Bono explain via "Divided by Data" how gender bias creeps into facts and figures that shape society.

Fast Company – March 6 – "Stop annoying people with these email greetings and sign-offs" quotes Associate Director of Executive MBA Career Coaching, Programming, and Outreach Rachel Loock: [Loock] also cautions against using "Warmly" or "Warm regards." ... "The email's content may have nothing to do with people who are considered warm," she says. "And 'Cheers' is only acceptable if you are British, Australian, or offering to buy the recipient a drink later." She adds that ending an email with "Thanks in advance" is presumptuous: "It makes the assumption that someone is going to fulfill the request that you've asked for in your email."

ComputerWorld – March 6 – "Facebook changes its Libra plans to include more cryptocurrencies" includes [Professor of the Practice Clifford Rossi] said Facebook's entry into the banking marketplace puts added pressure on commercial banks at a time when they are already scrambling to learn how to compete against nimbler, tech-savvy fintech companies.

Houston Chronicle – March 6 – 'American's are being mean to each other' op-ed quotes management professor Trevor Foulk, highlighting his research into rudeness as being contagious: "Some of the negotiations took place one after another, and some took place up to seven days apart … Even if negotiations were a week apart, the rudeness experienced in the previous negotiation still caused participants to be rude in their next negotiation."

Science Magazine (Scienmag) – March 6 – From "Scholars Explore Role of Digital Environments In International Marketing": Global marketers are under incredible pressure to keep up with dramatic shifts in customer journeys, observe Hyoryung Nam, (University of Washington) and P.K. Kannan (University of Maryland).

InvestorPlace – March 4 – Clinical Professor of Finance David Kass weighs in regarding the coronavirus effect on stocks in "7 U.S. Stocks to Buy on Coronavirus Weakness": "The worldwide fear of the coronavirus is likely to result in the outperformance of health stocks in the near future … [but] biotech stocks trying to develop a vaccine for this virus … have already had large stocks moves to the upside. Instead of those highly visible potential beneficiaries of the spreading of this disease, I suggest looking elsewhere within the healthcare sector."

Forbes – March 3 – Forbes – Rudolph P. Lamone Chair and Professor in Entrepreneurship Rajshree Agarwal writes op-ed "Being Successful And Self-Serving By Checking Your Bias." – March 3 – "Research Finds Bias Against Job Candidates Motivated by Pay, Benefits" overviews a new study co-authored by management professor Rellie Derfler-Rozin. Related: 'Hiring managers seek motivation purity," via Maryland Today.

Business Insider's Markets Insider – March 2 – Management and entrepreneurship professor Brent Goldfarb comments for "Should You Invest in Reg A+ Startups?": [Goldfarb] has his own reservations about the sorts of companies found on equity crowdfunding sites: "Crowdfunded companies are very high risk, and, as is the case with most entrepreneurial ventures, are more likely than not to fail. Hence, as such, companies in aggregate should only comprise a small percentage of their investments. This thinking sits behind the SEC's crowdfunding rules, as well as the rules that determine which investors qualify as accredited. In general, investors who invest broadly in the public markets by buying index-based securities will outperform investors who invest in startups, including crowdfunded startups. Admittedly, investing in startups on crowdfunding platforms or otherwise is more fun."

Science Magazine (Scienmag) – March 2 – In 'The 'Monday effect' is real,' research co-authored by Logistics, Business and Public Policy Professor and Chair Martin Dresner finds the "Monday Effect" – that letdown of returning to work after a weekend, which is documented to impact finance, productivity and psychology – also negatively affects supply chains.

February 2020

CNN – Feb. 29 – "Tired of Leap Day," about the proposed Hanke-Henry Permanent Calendar, quotes management and entrepreneurship professor Brent Goldfarb: [Goldfarb] is skeptical of the HHPC. He told the Baltimore Sun the calendar isn't "practically important." "Just as the United States was unable to shift to the metric system, I see little chance that we'd all change our calendars, computer programs and intuitive thinking to get rid of leap years and have a constant calendar," he told the paper.

Baltimore Sun – Feb. 28 – "Amid coronavirus fears, stocks of Maryland-based companies plunge with broader market" quotes Clinical Professor of Finance David Kass: "There is a lot of uncertainty," said [Kass] No one knows the degree that Americans or any company will be affected. ... There's concern over, 'How bad will this get?' and 'When will it end?' ... "Most stock investors, I recommend, be long term," he said. "Short-term traders and speculators I can see being concerned. I believe the coronavirus probably will be resolved for the most part in a year," after more medical interventions are developed and available. "The economy will start recovering and so would the stock market." … Kass said Maryland companies' stock sell-offs, in line with the broader market, show "the market believes that they're not any more vulnerable to the coronavirus than the rest of the economy on average."

InvestorPlace – Feb. 26 – Albert "Pete" Kyle, the Charles E. Smith Chair Professor of Finance, comments extensively in 'How Blockchain Can Revolutionize Private Equity': "Private equity is inaccessible to individual investors because it is costly for investors, large or small, to monitor less regulated and opaque private equity investments and because it is difficult for private equity fund managers or private companies to manage large numbers of investors and shareholders. Blockchain can make it easy for individual investors to purchase a stake in a company or a fund." The flip side, according to Kyle, is that "[blockchain] does not make it easier for the individual investor to obtain information about the quality of the fund or the investment. Instead, it makes it easier for the fund or the private company to keep track of who their investors are by creating a potentially transparent cap table."

Baltimore CityBizList – Feb. 28 – Professor of the Practice Clifford Rossi gives mortgage advice in "Keys to refinancing decision with mortgage rates low." Also at Financial Times' Company Announcements, more.

E-Commerce Times – Feb. 26 – "Amazon Goes Big with Automated Grocery Store" includes insights from Distinguished University Professor and PepsiCo Chair in Consumer Science Michel Wedel.

Satoshi Nakamoto Blog – Feb. 26 – "How to future-proof your IT career in the age of AI" references research by Vojislav Maksimovic (William A. Longbrake Chair in Finance) and Roland Rust (Distinguished University Professor and David Bruce Smith Chair in Marketing): AI is already taking some jobs and will create a need for tech staff with strong skills like "people management, working with others, emotional intelligence and negotiation skills," according to a report from the business school at the University of Maryland…

Forge Magazine – Feb. 24 – "Teach your children to manage up" quotes management professor Rellie Derfler-Rozin: Remind your child that the adult, like it or not, is actually in charge — but that this can be used in your kid's favor. When two parties hold unequal power in a negotiation, the weaker party can often improve their position by declaring their powerlessness and seeking help. "Sometimes it's helpful to show complete powerlessness rather than trying to say, 'I have control and I can complain about you,'" advises [Derfler-Rozin]. "They feel worse not coming to your help if they have power over you."

Baltimore Sun – Feb. 23 – 'Get rid of leap days … Hopkins professors propose a new calendar' quotes management and entrepreneurship professor Brent Goldfarb: "Whatever the merits of this calendar, it is not practically important… "It is extraordinarily difficult to change these sorts of conventions without some sort of government coercion, and even then, it is hard," Goldfarb said. "Just as the United States was unable to shift to the metric system, I see little chance that we'd change all our calendars, computer programs, and intuitive thinking to get rid of leap years and have a constant calendar." ... Republished by the Miami Herald, Seattle Times, New York Daily News, others.

Talk Markets – Feb. 22 – Clinical Professor of Finance David Kass guest blogs '10 highlights of Warren Buffet's letter to shareholders." Related: Kass guest blogs "30 highlights of Warren Buffett on CNBC," via ValueWalk.

Baltimore Sun – Feb. 21 – "Maryland universities worry coronavirus outbreak in China could prevent foreign students from getting here" includes: The university's Robert H. Smith School of Business is exploring ways to accommodate students affected by a travel ban and is considering online courses and a winter start date if students are unable to secure visas by August, Dean Ritu Agarwal said in an email.

Mirage News (Australia) – Feb. 21 – "Pictures that are worth a thousand donations" covers research by information systems professor Kunpeng Zhang and co-authors that explores how incorporating images that evoke sadness or contentment spurs donations to online crowdfunding campaigns.

Barron's – Feb. 21 – Clinical Professor of Finance David Kass, in "Letters to Barron's," comments on Berkshire Hathaway's investment strategy and outlook.

Forbes – Feb. 18 – Rudolph P. Lamone Chair and Professor in Entrepreneurship Rajshree Agarwal writes op-ed "Making the world better by creating markets."

Capo Vela (cycling blog) – Feb. 18 – Research co-authored by information systems professor Ashish Kabra is summarized in "Why easy access is key to a successful bike-share program."

Virgin Islands Consortium News – Feb. 13 – Executive Communication Coach Tricia Homer comments regarding a forthcoming workshop "to bring social impact programming to U.S. Virgin Islands": "We want every talented innovator in the Virgin Islands to have access to the resources, tools, and networks they need to help solve our biggest problems."

HrNxt (India) – Feb. 10 – "Four-day week work: The future of work?" quotes Professor of the Practice in Systems Thinking and Design J. Gerald Suarez.

Business A.M. (Nigeria) – Feb. 10 – 'The founding team is a real magic bullet' covers research co-authored by management professors Rajshree Agarwal, Brent Goldfarb and Gilad Chen.

Monster – Feb. 10 – "10 Best Interview Tips to Live by" includes advice from Associate Director of Executive MBA Career Coaching, Programming, and Outreach Rachel Loock: Part of arriving fully prepared entails bringing all the things that you need to make a great first impression. Make sure to take the following items with you to job interviews: Several copies of your resume. You may meet more employees that you originally expected to, says [Look].

TalkMarkets – Feb. 7 – Clinical Professor of Finance David Kass guest blogs "The 1-Year Rate Of Return On Berkshire's Top 10 Stocks."

Multibriefs – Feb. 6 – Professor of the Practice in Systems Thinking and Design J. Gerald Suarez gives guidelines for "How to weigh and implement the 4-day workweek."

Newsy – Feb. 6 – "Gretchen Carlson Urges 2020 Candidates To End NDAs" includes insights from management professor Evan Starr: "Often workers do not know what the law is, and when they sign a contract, when it's in the fine print, they've consented to it. In some sense, that is what does the harm already because they imbue that contract with a sense of power," said [Starr]. Some change has already been in place, though … But there's still no way to fully measure what sort of impact NDAs have had on the workforce. "I think we're at a moment in our history where we're beginning to learn about the prevalence of NDAs and how commonly they are being used, outside of the typical purposes," Starr said.

Il Sole 24 Ore (Italy) – Feb. 6 – "Big data: the future passes through here" references analytics-gender pay research by Assistant Professor of Management Science and Statistics Margret Bjarnadottir.

Media Post's Marketing Insider – Feb. 5 – Clinical Professor of Marketing Hank Boyd writes "How Ads Can Leverage Verisimilitude," based on the recent history of Super Bowl advertising.

WalletHub – Feb. 4 – "When is the U.S. switching to chip and PIN credit cards?" includes Q&A with Clinical Associate Professor of Finance Elinda Kiss.

Maryland Today – Feb. 3 – "Scoring the Super Bowl Ads" features post-Super Bowl telecast commentary by marketing professors Amna Kirmani, Judy Frels and Hank Boyd.

January 2020

Baltimore Sun — Jan. 30 — Interim Dean and CHIDS co-director Ritu Agarwal and Professor/CHIDS co-director Gordon Gao weigh in on coronavirus messaging in 'First person tested in Maryland for coronavirus is negative': Generally during a health crisis people should look to a trusted source such as the CDC and not "random social media posts," cautioned [Agarwal] "In a situation that is evolving as quickly as the one we are facing now, there is a danger here, a lot of misinformation lurking around," she said. "Look to the one trusted and credible source of information." [Gao], a professor and co-director of the center, said people should be "data-savvy" and get context. Numbers can be scary and even deceiving alone, he said.

Science Daily — Jan. 30 — The paper "Bike-Share Systems: Accessibility and Availability," co-authored by Department of Decision, Operations and Information Systems professor Ashish Kabra is overviewed.

Baltimore Sun — Jan. 29 — Clinical Professor of Marketing Hank Boyd comments in "Ravens QB Lamar Jackson isn't signed to a big sports brand. That's likely to change soon": Brands courting Jackson might want to explore partnerships that incorporate his existing clothing lines, said [Boyd]. "With social media, we're all crafting our own brands. It's a whole different age," Boyd said. … Also at Yahoo Sports, Sacramento Bee, ArcaMax.

Forbes — Jan. 28 — Rajshree Agarwal, Rudolph P. Lamone Chair and Professor in Entrepreneurship, writes "Killing Dialogue With Claims Of Oppression ."

CommPro Biz — Jan. 28 — Clinical Professor of Marketing Hank Boyd writes "Strategy for Super Bowl brands as Bloomberg duels Trump."

Business Insider/Markets Insider — Jan. 23 — Clinical Professor of Finance David Kass and Assistant Dean for Part-Time MBA and Online Programs Paulo Prochno separately describe the effectiveness of General Electric CEO Larry Culp in "Is JPMorgan right to call the GE stock price wrong?" Originally published by InvestorPlace.

Issues in Science and Technology — Jan. 22 — Management and entrepreneurship professors Brent Goldfarb and David Kirsch co-author a "Combatting Tech Hype" essay in the magazine's forum section.

Fortune — Jan. 17 — 'NBC's Peacock free streaming a real threat to Hulu' is fed by marketing professor P.K. Kannan: "Hulu is an outlet for content makers who don't have their own streaming service. But now that all these content producers have their own streaming service, why do they need a middleman?" says [Kannan]. "In the streaming wars, the people who produce content have the power." Also at Daily Gaming News.

European Business Review — Jan. 14 — "Start-ups: The Founding Team Is a Real Magic Bullet" overviews research newly published in Academy of Management Annals and co-authored by Rajshree Agarwal (Rudolph P. Lamone Chair and Professor in Entrepreneurship), Brent Goldfarb (Associate Professor of Management and Entrepreneurship) and Gilad Chen (Robert H. Smith Chair in Organization Behavior).

Washington Examiner — Jan. 14 — Management professor Evan Starr is quoted and his research cited in "FTC weighs restricting noncompete agreements to boost worker job prospects": A study [by Starr] on Oregon's hourly paid workers after the state banned noncompetes suggested that such a policy would provide a significant pay raise to low-income earners. "The average worker would be better off if they banned noncompetes. This is widely agreed upon by everyone, on both sides of the aisle, Democrats and Republicans," said [Starr]. Starr was invited to speak at the FTC last week during its "Noncompetes in the Workplace" event.

Yahoo Finance — Jan. 13 — Michael D. Dingman Chair in Strategy and Entrepreneurship Anil K. Gupta comments, via The First Trade, on the U.S.-China 'phase one' deal in Why we won't get a Phase 2 trade deal 'until sometime in 2021': "Substantively there's not a whole lot here. It's more about calling a truce. It removes some of the uncertainty … at least until after the elections." — Jan. 13 — "How retailers can make more money in online auctions" summarizes management professor Wedad Elmharaby's "Managing Market Thickness in Online B2B Markets" paper in Management Science. Coverage also at Eurasia Review.

ValueWalk — Jan. 12 — Clinical Professor of Finance David Kass guest blogs about '6 largest market capitalizations.'

Wall Street Journal — Jan. 8 — A "Realtime Economics" roundup (scroll down) cites management professor Evan Starr's presentation of his paper "Low Wage Workers and the Enforceability of Covenants Not to Compete" at a conference hosted by the American Economic Association.

NewsMax — Jan. 7 — Clinical Professor of Finance David Kass is quoted in "2019 was worst year in decade for Buffett's Berkshire": on "He's just not going to throw the money out and earn a rate of return below what his minimum target is," [said Kass]. "He is Buffett because he's patient."

Techonomy — Jan. 5 — Adjunct finance professor Ryan Guttridge co-authors "Big Tech and Media in 2020: What to Expect."

Yahoo Finance — Jan. 2 — Clinical Professor of Finance David Kass weighs in, via The First Trade, regarding financial market implications of 'Carlos Ghosn's bizarre escape from Japan': But at a bare minimum, Ghosn's odd story has probably kept alive an ongoing discussion in countless board rooms about doing business in Japan. "There is a concern that business leaders from other countries who are executives in Japan would be treated very differently than Japanese CEOs or executives. It looks like there could be a double standard ... and this could discourage investment by those locating to Japan," [Kass said].

American Libraries Magazine — Jan. 2 — EMBA Program Academic Director Rob Sheehan and his 'Mission Impact' book are cited by American Libraries Association Executive Director Mary Ghikas in her "Reflecting on Our Mission" op-ed: "[Sheehan] outlines a 'mission accomplishment' approach to articulating and measuring impact. Sheehan defines carrying out a mission as the "core purpose" of an organization, and nonprofits must measure the progress toward achieving that mission. He defines 'mission gap'—which we should collectively seek to close—as the difference between the ideal and the current reality."


About the University of Maryland's Robert H. Smith School of Business

The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty master's, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

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