News at Smith

Smith School In the News: 2020

Jun 15, 2020
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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.

June 2020

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 dot.com 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 dot.com 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.

Phys.org – 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.

BSchools.org – 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.”

Law.com – 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."

Pymnts.com – 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."

Sciencenewsnet.in – 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.”

Phys.org — 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.”

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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.