News

Research by Susan Feinberg and Gordon Phillips

Research by Galit Shmueli and Wolfgang Jank

Research by Gerard Hoberg

UNDERPRICING IS COMMON IN INITIAL PUBLIC OFFERINGS—TO A CERTAIN EXTENT, IT MAY BE DIFFICULT TO AVOID. BUT SOME FIRMS CONSISTENTLY SELL NEW STOCK ISSUES AT A MUCH GREATER DISCOUNT THAN OTHERS. IS THIS PHENOMENON DRIVEN BY PURELY COMPETITIVE FORCES, OR BY A SYSTEM THAT DOES NOT ADEQUATELY PROTECT IPO ISSUERS FROM PREDATORY UNDERWRITING PRACTICES?

Research by Gerard Hoberg

The University of Maryland's Robert H. Smith School of Business provided Nextel BlackBerry 7510 wireless handheld devices to all of its full-time MBA students at the start of the fall 2004 semester.

The Robert H. Smith School of Business is pleased to announce the addition of 21 new PhD candidates in fall 2004, bringing the total number of students in the doctoral program to 115. This years students come to Smith from the United States as well as India, Turkey, China, Canada, Israel, Brazil, Singapore, and Taiwan.

The undergraduate business program at the University of Maryland's Robert H. Smith School of Business is ranked among the nations top business schools by U.S. News & World Report in its America's Best Colleges 2005 report, released Friday, August 20. The Smith School, which is ranked #20 overall, also earned top-20 rankings in six specialty categories.

Sprinting, jumping and hurdling, nearly 160 students representing 22 countries came together on August 16, 2004, in Van Munching Hall to begin their two-year pursuit of the coveted Smith School MBA degree.

This is an especially exciting time for members of the Smith School community. As we begin another academic school year, we would like to take this opportunity to highlight some of the Smith School's most recent success stories and introduce you to new faculty members and students.

Smith School faculty members and deans are excited to recommend some of their favorite business books in a "Top 10 Reading List for Business Leaders."