Since our charter class graduated more than 25 years ago, alumni
from the UC Davis Graduate School of Management have been making
their presence known around the world.
Our graduates are CEOs, vice presidents, chief financial
officers, chief operating officers and entrepreneurs. Around the
globe, they have taken prominent roles as international business
leaders in a wide range of industries and organizations.
Graduate School of Management alumni are actively involved in
their communities, and they make time for mentoring, advising and
assisting current students and networking with fellow graduates.
Suspicious Insider Trading around Company Debt Renegotiation
Insiders have reaped substantial profits from increased trading of a faltering company’s stock when the firm is renegotiating its debt, according to a recent study by Professor Paul Griffin and colleagues David Lont and Kate McClune of the University of Otago, New Zealand. The aggregate return to insider traders—the sum of their losses avoided from selling and their gains from buying stock—approached nearly $2 billion over an eight-year period. The study tracked insider stock transactions during or near 1,718 first-time disclosures of debt covenant violations by U.S.
Crying at Work, A Woman’s Burden
Employees who cry at work are routinely perceived as unprofessional and weak, and occasionally perceived as manipulative, according to research by Professor Kimberly Elsbach that is receiving significant national attention. Most recently, Forbes magazine featured her findings in its January 2011 article, “Crying at Work, A Woman’s Burden.” Elsbach explained that women are more likely to cry in the workplace than men: “Because women aren’t socialized like men they carry an extra burden of emotional labor.”
Family Businesses Benefit from Outside Directors
The governance of a family business can be more complex than that of non-family-owned private companies because of the central role of the family that owns and typically leads the business. In a family business, the management, the family and the ownership group all need governance—and outside oversight.
Product Bundling Can Lead to Market Distortions
A pricing dispute last October between News Corporation’s Fox Television and major cable provider Cablevision left three million households in New York and Pennsylvania unable to watch popular shows like “Glee,” “Bones” and the Giants-Lions football game. The black-out stemmed from Fox’s demand for much higher retransmission fees for bundled channels. Irate subscribers pressured Cablevision to fix the situation.
Optimizing the Next-Generation Power Grid
Amid increasing demand and more renewables-generated power coming online, government policy makers, utility firms and infrastructure companies worldwide need more and better information to plan for future energy generation and transmission uncertainties.
Energy Efficiency: The First Line of Defense
To enhance U.S. energy security, reduce greenhouse-gas emissions and strengthen the economy, the Obama administration has made clean and renewable energy a top priority. But most of the payoff for that investment will be over the long term. Energy efficiency is the fastest, cheapest and cleanest solution to implement now.
Investors Driven by Emotion, Not Facts
New research by Professor Brad Barber shows regret affects the repurchase of stocks previously sold
Due to regret, investors are most likely to repurchase a stock sold for a gain that is trading below the price at which they sold it. Individuals investing in stocks let their emotions guide them more than facts, often to their financial detriment, a new UC Davis study finds.
Why Good People Do Bad Things
Steps can be taken to pinpoint and foil premeditated corporate and white-collar crime committed by workers trying to beat the system for their own self-interest. But what about wrongdoing committed by workers who unwittingly engage in illegal activities that become woven into the fabric of the company?
New Finance Symposium Focuses on Hedge and Mutual Funds
by Jacqueline Romo
Assistant Professors Ayako Yasuda and Roger Edelen recently teamed up to organize the UC Davis Symposium on Financial Institutions & Intermediaries 2011, a one-day conference that brought more than two dozen leading scholars and practitioners to Gallagher Hall on April 1.
This first annual event focused on the nexus of mutual and hedge funds, drawing on the expertise at the School. “Roger and I picked a topic that not only showcased the GSM finance faculty, but one that would encourage engagement from practitioners and academicians alike,” explained Yasuda. “This invitation-only event brought together people knowledgeable about intermediaries from very different perspectives.”
UC Davis MBA Students First to Hear Groundbreaking Research by Internationally Renowned Experts
(Davis, CA) — UC Davis MBA students are the first to hear groundbreaking research by internationally renowned experts such as Professor Brad Barber. His work offers fresh insights on the effect of expenses on mutual fund investments, gender-related overconfidence in stock trading, reliability of stock analysts’ recommendations and how active trading of equities is “hazardous to your wealth.”
Leadership Happens Every Moment of Every Day
A globally visible expert in organizational behavior, Professor Kimberly Elsbach puts the power of collaboration to work in her research and in the classroom to broaden the scope of ideas and solutions.
“The culture of the Graduate School of Management is team oriented, and we recruit and attract students and faculty who want to be team players. In my research, I’ve done my best work when I’ve collaborated. It’s harder to see and explore all the ideas yourself. You need the insight and expertise of others.”
Andrew Hargadon Honored with Olympus Emerging Educational Leader Award
Professor Andrew Hargadon, faculty director of the UC Davis Center for Entrepreneurship, was honored in March with the 2009 Olympus Emerging Educational Leader Award for inspiring innovative thinking in students and for his potential to make even greater contributions to the field in the future.
Hargadon, a former design engineer for IDEO Product Development and Apple Computer, was recognized for his leadership of the center, which has had notable success in moving technologies from university labs to the marketplace.