Albert “Pete” Kyle to be honored with the prestigious Wharton-Jacobs Levy Prize for his influential 1985 Econometrica paper on market microstructure. Kyle's research, recognized for its impact on algorithmic trading, will be celebrated on Sept. 22, 2023, in New York. Learn more about Kyle's groundbreaking work in market microstructure.

A July tornado that tore across the Rocky Mount, N.C., region left severe damage including to a Pfizer facility. Amid subsequent supply chain disruption, the manufacturer alerted hospitals to a list of 12 drugs available only through emergency orders “due to their high medical need,” effective “immediately and until further notice.” The disruption further prompted action from risk management expert Clifford Rossi and students in the Master of Quantitative Finance (MQF) program at the University of Maryland’s Robert H. Smith School of Business.

Retailers have been using artificial intelligence for a while now. There’s the rudimentary use of it to send out enticing email promotions or timely online ads that we welcome at times and find annoying at others. But retailers are also using AI to track consumers’ behavior both online and in brick-and-mortar stores. The technology is helping guide store layout, inventory levels, and pricing.

Balaji Padmanabhan is among the earliest professors to bring machine learning into an MBA program. Sining Song’s research explores environmental-to-fintech-related factors in supply chain sustainability. And Agustin Hurtado recently analyzed 87 million minority-borrower accounts in a study showing minority bank ownership reduces information frictions and improves credit allocations.These professors are among the nine new tenure-track faculty members and three full time professional track faculty joining the University of Maryland’s Robert H. Smith School of Business this fall.

A paper coauthored by Smith’s Russell Wermers is selected for the top prize in the International Centre for Pension Management (ICPM) 2023 Research Awards.

COLLEGE PARK. Md. – June 1, 2023 – An initiative targeting both industry practitioners and students to advance their knowledge and skills in risk management and to provide innovative risk analytics tools and modeling capabilities to institutions is forthcoming from the University of Maryland’s Robert H. Smith School of Business.

One of the world’s top schools for business research, Maryland Smith also is where students experience top-level teaching in a highly supportive community. Smith chronicles and celebrates this distinction at the end of each academic year by honoring its outstanding faculty and staff members with awards of excellence.Faculty Recognition AwardsJunior Researcher Award:Musa SubasiKunpeng ZhangOutstanding Researcher Award:Rellie Derfler-RozinPK Kannan

COVID-19 lockdowns and subsequent stimulus payments left many Americans with extra time and cash. Among the effects was a surge in retail stock trading through zero-commission brokerages. This worked to drive up the share price of meme stocks and led to market volatility.