A spontaneous acceleration problem led Toyota to recall eight million cars globally and suspend sales of several models in November 2009 and in January. To make matters worse, in February Toyota suffered another blow when reports surfaced of faulty brakes on the Prius hybrid. The defects have battered the company’s reputation, resulting in huge losses and sinking consumer confidence.
Professor Michael Maher and his co-authors won the 2010 best paper award from the American Accounting Association (AAA) 2010 Accounting Horizons for their paper “The Impact of Academic Accounting Research on Professional Practice,” published in the December 2009 issue of Accounting Horizons. They received a $2,500 cash prize—which the researchers donated to charity—and special recognition from the association’s membership, who voted on the year’s best paper.
Google’s confrontation with the Chinese government over search engine results and user data won the web giant public relations points—and ultimately allowed it to remain active in China. Until Google’s stand, Western Internet firms acquiesced to the Chinese government’s censorship demands.
“These laws ostensibly cover things such as vulgar content, but in practice involve suppression of ‘subversive’ content (typically, content of political nature),” Professor Hemant Bhargava said in a commentary in the March issue of Chartered Financial Analyst, a leading business magazine in India.
Not surprisingly, trust in private business deteriorated during the Great Recession. “The financial meltdown caused public distrust toward the private sector and increased trust in nonprofits, academic institutions and government,” Professor Kim Elsbach told an audience during a panel discussion in Sacramento in March to frame the release of the “2010 Edelman Golden State Trust Barometer.” The event was hosted by the global public relations firm Edelman, whose annual surveys provide a snapshot of public sentiment.
In 2007 U.S. companies spent $1 trillion on stock buybacks that exceeded dividends paid and accounted for two-thirds of net income. Since 2000 those same companies distributed $3 trillion to shareholders through buybacks.
Professor Andrew Hargadon served as moderator for “California’s Smart Energy Investments: Enabling the Next Generation of Energy Efficiency,” the last in a series of forums exploring The Roots of Energy Efficiency presented by the UC Davis Energy Efficiency Center in June. Hargadon, who holds the Soderquist Chair in Entrepreneurship, was the founding director of the EEC, and the series premiered under his direction.
Professor Nicole Biggart presented her research on the topic in her talk “Where Are the Green Buildings?” at a seminar for engineering, sociology and transportation scholars hosted by the UC Davis Energy Efficiency Center in February.
Associate Professor Ayako Yasuda, in collaboration with Professor Alberto Marconi of INSEAD and Professor Massimo Massa of Tilburg University, the Netherlands, has researched the behavior of investors who were significantly exposed to toxic assets during the 2007–08 financial crisis.
In this paper, Professor David Woodruff and co-authors Shan Jin and Sarah Ryan from Iowa State University, and Jean-Paul Watson from Sandia National Laboratories formulate a generation expansion planning problem to determine the type and quantity of power plants to be constructed over each year of an extended planning horizon, considering uncertainty regarding future demand and fuel prices.
In this paper, Associate Professor Victor Stango and co-author Jonathan Zinman from Dartmouth College posit that consumer lenders shroud interest rates and market “low monthly payments” to price discriminate on “fuzzy math” or “payment/interest bias”: consumers’ pervasive tendency to underestimate borrowing costs when an interest rate is not disclosed.
UPDATE: Andrew Barkett is leaving his post as senior engineer at Facebook to bring his decade of experience in Silicon Valley to become the first-ever chief technology officer for the Republican National Committee.The June 4 announcement has stirred a whirlwind of media coverage, including the Huffington Post and Washington Post.Bark
Agilent Technologies’ Electronic Measurement Group is a $3.6 billion business that over the past decade has seen a dramatic shift in its customer base from U.S., and Western European customers to predominantly Asia-based customers. Today, the majority of the division’s revenues are generated outside of the U.S., with an increasing concentration in China.
(Davis, CA) — The UC Davis Graduate School of Management’s full-time MBA program has been ranked among the top six percent of AACSB International-accredited programs nationwide, according to U.S. News & World Report’s latest graduate business school rankings released today.