Corruption and Innovation

Research by Vojislav Maksimovic Innovative firms are more victimized than other firms in emerging economies.

In Brief

Flight Delays Cost Passengers Billions Mike Ball, Orkand Corporation Professor of Management Science, associate dean of research, and co-director of the National Center of Excellence for Aviation Operations Research (NEXTOR), published a study showing that in 2007 passengers traveling by plane were delayed by more than 28,000 years, costing them $16.7 billion in lost time. In total, flight delays in the United States cost $32.9 billion each year.

University of Maryland’s Robert H. Smith School of Business Launches Center for Financial Policy

College Park, Md. – November 5, 2009 — The University of Maryland’s Robert H. Smith School of Business launched the new Center for Financial Policy on Nov. 2 with a roundtable discussion on the hotly debated issue of “Executive Compensation—Practices and Reform.” The Center for Financial Policy offers an unbiased source of expertise on complex policy issues related to financial institutions, financial markets and public companies through cutting edge education and research.

Engaging a global conversation on financial policy

Smith School faculty have been actively involved in advising key players and proposing potential solutions to the finance crisis, briefing congressional staffers, members of the House and Senate Committee on Banking and the Committee on Government Oversight, and the federal Oversight and Government Reform Committee on issues from the collapse of Bear Stearns to the Troubled Asset Relief Program (TARP).

Seize Growth Opportunities

Public firms grow faster and respond better to positive demand shocks in the first five years after an initial public offering than firms that stay private, new research co-authored by Smith School professor Liu Yang shows.

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