Administration and Faculty
Faculty whose biographies appear in the Administration and Faculty sections teach courses in the MBA program on a regular basis. The faculty described in this guide teach over 90 percent of all 400-level and 500-level Simon courses.
In addition, one or two faculty members are visitors from other institutions. Carefully selected Simon doctoral students teach a small number of graduate courses, typically summer offerings. Such students assume all of the responsibilities of regular faculty instructors. Executives from corporations, as well as local business owners, also serve as an additional faculty resources at the School for selected master's-level courses.
Andrew Ainslie | Dean and Professor of Marketing
As dean of Simon Business School, Andrew Ainslie will lead efforts to differentiate and strengthen the School’s curriculum, attract and retain faculty of the highest caliber, improve the student experience, and develop strong relationships with alumni and the business community. Before joining Simon, he served as senior associate dean for the full-time MBA program at the UCLA Anderson School of Management from 2010 to 2014. While at UCLA, Ainslie’s responsibilities included admissions, student services, and career placement. In the four years Ainslie was at Anderson, the school increased its admissions more than 60 percent, increased placements more than 20 percent, and revised its curriculum to better meet the demands of the market and the needs of the students. In addition to his duties as Anderson’s senior associate dean, Ainslie was associate professor of marketing at UCLA Anderson, and previously was assistant professor of marketing from 2000 to 2005. Prior to his time at Anderson, Ainslie was assistant professor of marketing at Cornell University’s Johnson Graduate School of Management From 1997 through 2000. Dean Ainslie’s major research interests are in economic and statistical models of consumer behavior and in direct marketing. In particular, he is focused on developing variance components models for a variety of environments. Topics he has investigated include: new products and movie diffusion, model performance, and consumer behavior uncovered through choice modeling. Most recently, he is studying the effect of store characteristics on consumer purchasing behavior.
BSc, Electrical Engineering, University of Cape Town
MBA, Marketing, University of Cape Town
PhD, Marketing and Statistics, University of Chicago, Booth
Ron Goettler | Senior Associate Dean for Faculty and Research; James N. Doyle Sr. Professor of Entrepreneurship; Professor of Economics and Marketing
Professor Goettler’s research spans quantitative marketing, industrial organization, and finance, with an emphasis on structural econometric methods to understand consumer and firm behavior. He is particularly interested in high-tech industries, focusing on the relationship between competition and innovation and on the marketing of new products. Goettler’s research has been published in various academic journals including the Journal of Political Economy, the RAND Journal of Economics, and the Journal of Marketing Research. His paper, “Equilibrium in a Dynamic Limit Order Market,” which appeared in the Journal of Finance, was nominated for the journal’s Smith-Breeden Prize and won the NYSE award for the best paper on equity trading at the 2004 Western Finance Association Meeting. Before joining Simon Business School in 2012, Goettler was an assistant professor of marketing at the University of Chicago.
BA, Economics, Miami University
PhD, Economics, Yale University
Gregory H. Bauer | Associate Dean of Full-Time Programs; Clinical Professor of Finance
Professor Bauer is assistant director and research adviser in the Financial Markets Department at the Bank of Canada. At the bank, he is responsible for managing a group of nine PhD researchers who specialize in analyzing fixed income and foreign exchange markets. In addition, he coordinates the department’s annual research workshops. His main area of research is international finance. He has published papers in the Review of Economic Studies, the Journal of Financial Economics, the Journal of Econometrics and the Journal of International Money and Finance, as well as in several policy-oriented journals. He is currently working on incorporating macroeconomic factors into term structure models using high frequency data. Bauer holds the Chartered Financial Analyst (CFA) designation. Prior to obtaining his doctorate, Bauer was a foreign exchange trader at the Bank of Canada and a macroeconomist at the Ontario Ministry of Finance. Bauer is a four-time winner of the Superior Teaching Award from the Simon MBA program and a multiple winner of awards from the Executive MBA program.
BA, Applied Economics, University of Waterloo
MA, Economics, Queen’s University
MA, Finance, University of Pennsylvania
PhD, Finance, University of Pennsylvania (Wharton)
Guy Arie | Assistant Professor of Business Administration
Professor Arie’s research interests include the study of employee incentives, strategic competition between firms, and the design of employee roles in firms. His current research focuses on the internal design of firms and employee incentives when the employee’s task becomes harder with effort. He is investigating how these ideas can help software producers improve the productivity and profitability of software testing. Another application is the design and compensation of sales forces. Arie’s research on strategic competition between firms focuses on firms that operate in many markets. His research explains how larger firms’ airlines can appear to be colluding while actually competing. The research also shows why international firms may seem more productive than local firms, while the converse may be true. Other research by Arie studies the effect of switching costs on markets and shows that, contrary to the accepted wisdom, markets in which consumers suffer a small cost when switching between brands may be less profitable to firms than markets without such costs. Prior to pursuing his PhD, Arie worked as an R&D engineer and manager in large defense and communication firms.
BSc, Computer Science and Philosophy, Tel Aviv University, Israel
MSc, Management Science, Tel Aviv University, Israel
PhD, Managerial Economics and Strategy, Kellogg School of Management, Northwestern University, Evanston, IL
James A. Brickley | Gleason Professor of Business Administration; Area Coordinator, Economics & Management Group
Professor Brickley has research and teaching interests in the economics of organizations, corporate governance and compensation policy, corporate finance, franchising and banking. His papers have been published in the Journal of Business, the Journal of Law and Economics, The Journal of Finance, the Journal of Accounting and Economics, the Journal of Financial Economics, the Journal of Economic Perspectives, the Journal of Economic Behavior and Organization, the Journal of Risk and Insurance, the Journal of Financial and Quantitative Analysis, Financial Management and the Journal of Corporate Finance. The fifth edition of Managerial Economics and Organizational Architecture (authored by Brickley, Clifford W. Smith Jr. and Jerold L. Zimmerman) was published by McGrawHill/Irwin in 2009. The sixth edition is scheduled for 2015. Brickley, Smith, Zimmerman and Janice Willett authored a trade version of this text entitled Designing Organizations to Create Value, published by McGraw-Hill in 2003. Brickley has served as an associate editor of finance and accounting journals. Several studies report that Brickley is among the most cited researchers in the areas of Corporate Governance and Finance. In 2002, three of his published papers received the Journal of Financial Economics All Star Paper Award (based on number of citations through 2001). From 1989 to 1991, he was chairman of the finance department and research director at the University of Utah’s Garn Institute of Finance. Prior to his position at the University of Utah, Brickley was an associate professor of economics at Simon Business School. He has served as chairman of the Simon Faculty Curriculum Committee and as Area Coordinator for Strategy and Organizations. Brickley is a past winner of Simon Business School’s Distinguished Teaching Award. He has also been listed multiple times on the School’s Teaching Honor Roll. In addition to his academic achievements, Brickley has been a consultant to major corporations and law firms on organizational, franchising, valuations and antitrust issues. He has also held various positions in government in the state of Oregon, including executive director of the Jackson-Josephine County CETA Program, public transportation planner for the Rogue Valley Council of Governments and economic analyst for an economic development district.
BS, Economics, University of Oregon
MS, Economics, University of Oregon
PhD, Finance, University of Oregon
Delores Conway | Professor of Real Estate Economics and Statistics
Professor Conway focuses on Simon Business School’s planning activities and represents the school in external engagement which includes enhancing corporate relations both domestically and internationally. Her research interests include statistics, real estate, health care management, finance, law and labor markets and her papers have appeared in many academic journals. Prior to joining Simon Business School, Conway was a tenured faculty member at the University of Southern California (USC) Marshall School of Business and the director of the Casden Real Estate Forecast at the USC Lusk Center for Real Estate. While teaching statistics in the MBA Core, she received USC’s highest teaching honor, the University Associates Award for Teaching Excellence, which is awarded each year to only two of the university’s faculty. Before her USC appointment, she served on the faculty of the Booth School of Business at the University of Chicago. She is an elected fellow of the American Statistical Association and a former chair of the Business and Economics Statistics Section. She has also served on the editorial boards of major academic journals including the Journal of the American Statistical Association. In addition to her research in statistics and financial modeling, she is widely respected for her research reports on the commercial and residential real estate markets in Southern California. She is frequently interviewed by the national news media for her viewpoints on the real estate markets and within the last couple of years was quoted by The Wall Street Journal, the New York Times, Bloomberg, BusinessWeek, Forbes, the Chicago Tribune, the Los Angeles Times, the Washington Post, Investors Business Daily and the San Francisco Chronicle, and has appeared on CNN, the CBS Evening News, the Today Show, MarketWatch and CNBC. Real Estate Southern CA Magazine listed her as one of the “50 Women of Influence in Real Estate” in California.
BS, Mathematics, Statistics, and Computer Science, University of Wisconsin - Madison
MS, Statistics, Stanford University
PhD, Statistics, Stanford University
Richard G. Couch | Executive Professor, and Associate Director and Career Advisor for the Full-Time MS Finance Program
Mr. Couch has over 30 years of corporate, executive and turnaround management experience, covering over 500 assignments in a broad variety of businesses, in a total of 14 countries. Since 1984, Mr. Couch has been the Founder, Chairman of the Board, CEO, and Managing Principal of the Diablo Management Group (DMG), a nationwide management consulting company based in the San Francisco (East Bay) area that provides services primarily to companies, investment firms, banks, and creditors which are involved in mergers, acquisitions, turnarounds, workouts, reorganizations, and sales (of equity and assets). Through DMG, he has served in various interim executive and/or advisory capacities in companies experiencing managerial, financial, or operational difficulties. In addition, Mr. Couch has handled numerous assignments as a Chapter 11 bankruptcy trustee and as a Trustee (Assignee) in Assignments-for-the-Benefit-of-Creditors (ABC’s). Prior to founding DMG, Mr. Couch founded and managed RGC Associates, which operated troubled companies, usually in an Interim President/CEO capacity. Mr. Couch was also a Senior Vice-President and Principal with INCO Venture Capital Management – where he assisted in the selection, growth and transition of early-stage companies. Following a 9-year career at Xerox in managerial and vice president roles in both the copier manufacturing and printing systems groups, his early executive experience included general management roles in two mid-sized companies, which he ultimately sold to international buyers. In addition to his crisis management experience, Mr. Couch has been a board member of several startup companies. He is also the past Executive Director of the Tri-Valley Technology Enterprise Center (TTEC] – an early-stage Incubator and Technology Transfer organization working with Lawrence Livermore Labs and Northern California Private Equity groups. He periodically accepts counselor/advisor/mentor roles with CEOs who are managing rapid change in their own companies. Mr. Couch received Simon Business School Distinguished Alumni Award at the University of Rochester, and has served on the Simon Executive Advisory Board and was the first Chairman of the Simon Alumni Advisory Board. He is a frequent panelist/presenter at industry conferences and has taught numerous executive lecture series programs in graduate business schools. Mr. Couch is a Navy Veteran, and lives with his wife, Deborah, and two children, Aliyah and Zachary, in Fairport, New York.
BS, Social Sciences, University of Buffalo
MS, Education, University of Rochester
MBA, University of Rochester
Rajiv M. Dewan | Xerox Professor of Business, Professor of Computers & Information Systems
Professor Dewan has teaching and research interests in electronic commerce, organizational issues in management of information systems, the information technology industry, and financial information systems. He has won three Best Paper Awards for research, done in collaboration with his colleagues at Simon Business School, in the use of information systems standards in organizations, redesign of business processes and management of Web sites. His current research interests include marketing on the Internet, the Internet industry, strategic use of technology, the use of standards in managing information systems, and accounting and financial information systems. His papers have appeared in the Journal of Computing, Management Science, Decision Support Systems and IEEE Transactions on Computers, among other journals. Prior to joining Simon Business School, Dewan was a faculty member at Northwestern University’s Kellogg Graduate School of Management. He is a member of INFORMS, the Association for Information Systems, and Beta Gamma Sigma.
BTech, Indian Institute of Technology, New Delhi
MS, Computers and Information Systems and Operations Research, University of Rochester
PhD, Business Administration, University of Rochester
Gregory Dobson | Xerox Associate Professor of Operations Management
Professor Dobson’s current work concentrates on the application of process improvement principles to health care and other industries. The methodology employed is known as “Six Sigma,” which refers to a set of tools for doing fact-based decision making in process improvement. He teaches an elective course on Six Sigma and Lean as well as the core Operations course. He remains interested in the interface of operations and marketing. Examples include work on the management of product variety, product line design, and the interface of production and distribution. His past work was in job shop scheduling and batch manufacturing. His articles have appeared in Management Science, Marketing Science, Operations Research, Manufacturing and Service Operations Management, and Transportation Science. He is associate editor for Interfaces and a member of the editorial board of the International Journal of Services and Operations Management and Operations Management Education Review. He is a member of INFORMS, ASQ, and Beta Gamma Sigma.
BS, Operations Research and Industrial Engineering, Cornell University
PhD, Operations Research, Stanford University
Paul Ellickson | Professor of Economics & Marketing
Professor Ellickson’s research interests lie at the intersection between quantitative marketing and industrial organization, with a focus on using structural modeling to understand the forces that drive strategic interaction and optimal decision making. He is particularly interested in modeling the importance of dynamic and spatial competition in retail trade. Ellickson’s research has been published in various academic journals including the RAND Journal of Economics, Marketing Science, Marketing Letters and the International Journal of Industrial Organization. Before joining Simon Business School in 2009, Ellickson was an assistant professor of economics at Duke University.
AB, Economics and Mathematics, University of California at Berkeley
PhD, Economics, Massachusetts Institute of Technology
Harry Groenevelt | Associate Professor of Operations Management
Professor Groenevelt has interests in health care operations, logistics and supply chain management (including reverse logistics); service system management and design; and quality management. He has been a consultant on operations management issues for numerous manufacturing and service companies (including hospitals and other health care providers), as well as the city of Amsterdam, the Netherlands. He has had articles published in Management Science, Operations Research, the Journal of Applied Probability, the European Journal of Operations Research and other journals. He wrote the chapter on “The Just-in-Time System” for Volume 4 of the Handbooks in Operations Research and Management Science on logistics of production and inventory.
BS, Econometrics, Vrije Universiteit, Amsterdam, The Netherlands
MS, Econometrics, Vrije Universiteit
PhD, Operations Research, Columbia University
Avery Haviv | Assistant Professor of Marketing
Professor Haviv’s research interest is primarily in the development and application of dynamic, structural models to identify, diagnose and solve marketing challenges. Haviv has explored optimal consumer packaged goods pricing policies in the face of changing seasonal demand and developed a dynamic consumer inventory model to explain counter-cyclic pricing phenomena, wherein the price of some packaged goods are observed to drop during their peak selling season. In another joint work on brand building, he modeled the impact of firms’ advertising investments on their brand equity, and demonstrated that changes in brand value depend not only on a firm’s advertising, but also on the advertising strategy of the firms’ competitors. In another methodological research initiative, Haviv has worked on the development of dynamic models that relax the assumption, rejected by research in consumer behavior and economics that consumers think of the future in a purely rational way. Haviv has taught at the Rotman School of Management and the Statistics Department at the University of Toronto, where he received a Teaching Assistant Award for Excellence. He has also worked as a consultant in the market research industry where he developed new methodologies and advanced statistical models on projects in the telecommunications, fast food, banking and public sectors.
BMath, Statistics, University of Waterloo
MSc, Statistics, University of Toronto
PhD, Quantitative Marketing, University of Toronto (Rotman School of Management)
Vincent W. Hope | Clinical Assistant Professor of Marketing
Mr. Hope has a 30-year career leveraging customer knowledge in the creation of business opportunities. His leadership roles have spanned business development, market research and “Smart Marketing” applications in data-rich environments. His client list includes Apple, Bank One, Disney, GM, IBM, Kellogg’s, Matsushita, Mitsubishi, P&G, Sony, Sprint, 3M, and others. He served as director of customer knowledge in the database marketing arm of Acxiom Corp, and director of strategic research and planning at the American Society for Quality. He began his career in media production, before a 15-year stint growing and leading a primary market research firm. Mr. Hope is founder of Honor Flight Rochester, a community-driven organization created in 2008 to fly aging veterans to visit and reflect together at memorials built in their honor in Washington DC.
His academic interests include behavioral economics, the perceptual foundations of value, and client sponsorship of project practicums.
BS, Psychology, Denison University
MBA, Finance, Rochester Institute of Technology
Yufeng Huang | Assistant Professor of Marketing
Huang has research interests in demand estimation, learning, quantitative marketing, and structural econometrics. His teaching interests are in marketing research and marketing management.
BSc, Economics, Sun Yat-sen University
MS Research, Economics, Tilburg University
PhD, Marketing, Tilburg University
Glenn D. Huels | Clinical Associate Professor of Accounting
Professor Huels has served as vice president– tax at Bausch + Lomb and as the head of the corporate tax department at Goulds Pumps Inc. In both roles, he had overall responsibility for the leadership, management, administration, and direction of all aspects of the corporate tax function. This included responsibility for global tax planning strategies and working closely and collaboratively with operations and the corporate accounting, M&A, legal and treasury functions to determine and implement optimum legal, debt, and equity structures, and to maximize after-tax cash flows to the parent corporations through dividend planning and other repatriation strategies. He has also served as Bausch + Lomb’s director of external tax reporting, responsible for the company’s income tax accounting and financial reporting requirements, and as a director in Bausch + Lomb’s corporate treasury department, continuing to work closely with operations and other corporate functions regarding global cash flow strategies, debt compliance, accounting for derivatives and other external reporting requirements, and the minimization of foreign exchange exposures and risks. Huels is a Certified Public Accountant licensed in New York State, and was a manager at the public accounting firm of Deloitte prior to his corporate experience. Before joining Simon Business School as a full-time associate professor, his teaching experience included instructing various courses for Deloitte junior staff at firm-wide national training sessions, lecturing in SUNY at Buffalo’s Graduate Tax Certificate Program, and teaching accounting and tax courses at Finger Lakes Community College and the former St. John Fisher College Masters in Taxation program.
BS, Business Administration, State University of New York at Buffalo
MBA, Rochester Institute of Technology
Olga Itenberg | Assistant Professor of Finance
Olga Itenberg earned her doctorate in Economics from the University of Pennsylvania in 2014. In her dissertation titled “Essays in Firm Financing and Innovation Activity,” Olga quantifies the effect of floatation cost and dividend tax drops on manufacturing firms’ observed increased use of external equity and the reallocation of R&D and patenting efforts from large to small firms since the 1970’s. During her graduate studies, Olga received an Edwin Mansfield Prize for excellence in teaching and spent a summer at the Federal Reserve Bank of New York as a CSWEP Fellow.
BS, Business Administration, Economic Theory, New York University (Stern)
PhD, Macroeconomics, University of Pennsylvania (Wharton)
Thomas H. Jackson | Distinguished University Professor and President Emeritus
Thomas H. Jackson, president of the University of Rochester from 1994 to 2005, holds faculty positions in the William E. Simon Graduate School of Business Administration and in the University’s Department of Political Science. Before he became Rochester’s ninth president, Jackson was vice president and provost of the University of Virginia, which he first joined in 1988 as dean of Virginia’s School of Law. He had been professor of law at Harvard from 1986 to 1988 and served on the Stanford University faculty from 1977 to 1986. A 1972 graduate of Williams College, Jackson earned his law degree from Yale in 1975. He first clerked for U.S. District Court Judge Marvin E. Frankel in New York in 1975–76, and then for Supreme Court Justice (and, later, Chief Justice) William H. Rehnquist in 1976–77. Jackson is the author of bankruptcy and commercial law texts used in law schools across the country, and served as Special Master for the U.S. Supreme Court in a dispute involving every state in the country over the disposition of unclaimed dividends held by brokerage houses.
BA, American Studies, Williams College
JD, Yale University
Gregg A. Jarrell | Professor of Finance and Economics
Professor Jarrell has been a professor of finance and economics at Simon Business School since 1988, where he also was assistant professor from 1977 to 1981. Jarrell served as director of Simon Business School’s Managerial Economics Research Center from 1988 to 1990, and as director of the Bradley Policy Research Center from 1990 to 1994. Also, he was the AT&T Foundation Resident Management Fellow at Simon Business School from January to June 1987. In addition, Jarrell was a Research Fellow under Professor George J. Stigler at the University of Chicago’s Center for Study of the Economy and the State from 1981 to 1983, as well as a senior economist with Lexecon Inc., a Chicago economics consulting firm specializing in Antitrust and Securities litigation from 1983 to 1984. Jarrell served as the chief economist of the US Securities and Exchange Commission (SEC) from April 1984 to January 1987. Before that, he was a member of the SEC Advisory Committee on Tender Offer Policy from February through July 1983. He has consulted with the Federal Trade Commission and has served as an adjunct professor at Georgetown University School of Law. Jarrell has published dozens of articles on economic and finance topics in scholarly academic journals, as well as the popular media, and is an expert on mergers and acquisitions, hostile takeovers, the economics and regulation of financial markets, financial valuation and microeconomic theory and application. Jarrell frequently serves as an expert witness on financial-economic issues in business litigation, including financial valuation of publicly traded securities, securities fraud, contract damages and criminal inside-trading cases.
BS, Business Administration, University of Delaware
MBA, Economics and Finance, University of Chicago
PhD, Business Economics, University of Chicago
Sudarshan Jayaraman | Associate Professor of Accounting
Professor Jayaraman has research interests in corporate governance and the effects of accounting information in financial markets. His work on corporate governance has examined how large shareholders discipline managers via the threat of exit, and the role that stock market liquidity plays in the design of executive compensation contracts. He is currently interested in the functioning of financial institutions and the propagation of shocks between the banking and industrial sectors. Professor Jayaraman’s publications have appeared in Journal of Accounting & Economics, Journal of Accounting Research, Journal of Finance, Review of Accounting Studies and The Accounting Review. His work is presented not only at academic conferences within the U.S. and around the world, but also at regulatory bodies such as the European Central Bank and the Federal Reserve Bank of New York. In addition to teaching a PhD seminar, Professor Jayaraman teaches Managerial Accounting in the Masters of Finance and the Executive MBA programs. Prior to joining Simon in 2014, he was at the Olin Business School of Washington University in St. Louis.
B.Com., University of Bombay
MBA, Bentley College
PhD, University of North Carolina, Chapel Hill (Kenan-Flagler)
Garrett Johnson | Assistant Professor of Marketing
Professor Johnson’s research on Internet Marketing examines the market for online display advertising. His research uses experimental and structural methods to measure ad effectiveness and understand the welfare implications of consumer tracking. Johnson works with Internet companies–including Facebook, Google and Yahoo!–to answer these questions with Internet-scale data.
BA, Economics, University of British Columbia, Vancouver
PhD, Economics, Northwestern University
Roy Jones | Clinical Assistant Professor of Computers and Information Systems
Professor Jones’s current research studies markets for information goods and the impact of development costs and the complexity of the development process on market structure. He is broadly interested in the information industries, in particular the economics of information systems, electronic commerce, and the evolution of the information technology industry. Before pursuing his PhD, Jones was a lecturer for the Stanford University computer science department. In addition, he founded a relational database consulting firm. In this capacity, he worked with Fortune 500 firms and start-ups.
BA, History, Stanford University
MS, Computer Science, Stanford University
PhD, Operations, Information and Technology, Stanford University
Ron Kaniel | Jay S. and Jeanne P. Benet Professor of Finance; Chairman of the PhD Program
Professor Kaniel has research interests in the areas of asset pricing, financial intermediation and investments. His research is focused on understanding mutual funds investment decisions and how they impact security prices, the impact of endogenous community effects on investors’ investment decisions and equilibrium prices, and the predictive role of changes in trading volume and investors’ order flow on security returns. Kaniel has published articles in The Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Business, Operations Research, and Mathematical Finance. His work has been cited multiple times in The Wall Street Journal, the New York Times and the Washington Post.
Prior to joining Simon Business School in 2011, Kaniel was a faculty member at Duke University and the University of Texas at Austin, and was a visiting scholar at Stanford University.
BSc, Mathematics and Computer Science, Hebrew University of Jerusalem
MSc, Computer Science, Hebrew University of Jerusalem
PhD, Finance, Wharton School, University of Pennsylvania
Dennis Kessler | Edward J. and Agnes V. Ackley Clinical Professor of Entrepreneurship
Professor Kessler was co-owner of Kessler Restaurants LLC, a Rochester, NY-based owner and operator of franchised restaurants and real estate development. Kessler has 30 years’ experience in restaurant ownership, real estate and human resource development. He employed approximately 3,000 workers in central and western New York State in the operation of his restaurants. He has owned and operated a number of franchise concepts including Burger King and Friendly’s. At Friendly’s he was the largest franchise restaurant owner in the country. He has also led a number of successful start-up companies and is a member of the Council of Advisors for Gerson Lehrman Group Inc., an international association of academic and industry thought leaders consulting for leading investment professionals worldwide. Kessler is a former member of the board of trustees of the University of Rochester Medical Center and past chair and commissioner of the City of Rochester Civil Service Commission. He is currently a member of the board of Excellus Blue Cross/Shield of Western New York, President of the Rochester Police Foundation, former founding board member of the Young Women’s College Prep Charter School of Rochester and a founding board member of the Rochester Education Foundation. He is also a founding member and Vice President of the Monroe County Sheriff’s Foundation and a past member of the Farash Foundation Grant Review Board. Kessler is also an advisory board member to Junior Achievement and an inductee in the Rochester Business Hall of Fame Class of ’06.BS, City University of New York
MA, Sociology, John Jay College of Criminal Justice
MSL, Yale University Law School
LLM, Northwestern University School of Law
Certificate of Business Administration, Instituto de Empresa, Madrid, Spain
Jaewoo Kim | Assistant Professor of Accounting
Professor Kim’s research interests include financial reporting, auditing, tax avoidance, and corporate investment. He is particularly interested in understanding the interaction between accounting information and corporate decisions (e.g., investment, financing, and liquidity management). His current working papers examine the role of accounting for business combinations in explaining the asset growth anomaly, the effect of accounting conservatism on corporate investment, and the effects of CEO career concerns on risk-taking. His teaching interests are in financial and managerial reporting. Prior to pursuing his PhD, Professor Kim worked as a financial and managerial accountant in a large life insurance firm in Seoul, South Korea.
BA, Economics, Korea University
MBA, Korea Advanced Institute of Science & Technology (KAIST)
PhD, University of Iowa
Phillip J. Lederer | Associate Professor of Operations Management
Professor Lederer has research interests in operations management and its integration with economic theory. His current research focuses on three areas: the financial justification of manufacturing technology, performance evaluation in operations and competition in network-based industries. His work has appeared in Econometrica, the International Journal of Flexible Manufacturing Systems, the Journal of Manufacturing and Operations Management, the Journal of Operations Management, Operations Research, Operations Research Letters, Regional Science and Urban Economics and Transportation Science. Lederer is associate editor of the International Journal of Production Economics and an occasional referee for Econometrica, the Journal of Accounting and Economics, Management Science, Operations Research and the Review of Economic Studies. He is a former assistant professor of business administration at the Darden Graduate School of Business Administration at the University of Virginia.
BS, Physics, State University of New York at Stony Brook
MS, Applied Mathematics, Northwestern University
PhD, Applied Mathematics, Northwestern University
Mitchell J. Lovett | Associate Professor of Marketing
Professor Lovett’s research develops quantitative models of consumers and firms to understand marketing phenomenon. His research studies targeted advertising, advertising content and schedule choices, online and offline word-of-mouth, social media listening, and consumer learning. One stream of Lovett’s research examines the antecedents and consequences of social engagement and word-of-mouth. Recent projects in this stream evaluate the relative importance of paid, earned, and owned media in building new entertainment brands, how brand characteristics influence word-of-mouth online and offline, and how these two channels differ in their content and use. A second stream of Lovett’s research focuses on applying and developing empirical methods for political marketing. Current projects in this stream study the dynamics behind why candidates go negative in their political advertising, how candidates can improve their targeting of political ads, and the role of social media in influencing voter sentiment. Lovett’s research has been published in top marketing journals including Marketing Science and the Journal of Marketing Research; received research grants and awards, including the Institute for the Study of Business Markets’ Research Grant Silver Medalist Award; and garnered national media attention in relevant trade publications such as the New York Times, Ad Age, MSI Insights, and Marketing News. At Simon Business School, Lovett teaches marketing research and advanced marketing topics and has taught advertising and consumer behavior. He was the Sheth Doctoral Consortium Fellow for Duke University where he earned his PhD.
BA, Mathematics, Economics, German, Ohio Wesleyan University
MBA, Boise State University
PhD, Business Administration, Duke University
Ravindra N. Mantena | Clinical Associate Professor of Computer and Information Systems
Professor Mantena studies economics of digital and information-rich products. His research explores how the increasing information technology content in products alters competition, strategy and market structure. Recent research has focused on issues of pricing, product design and entry in converging digital markets, and also on price and demand evolution in network industries. In addition, he also has research interests in measuring decision performance, revenue management and information economics. Prior to pursuing his PhD in information systems, Mantena worked as a sales manager for a consumer goods multinational firm and founded an aquaculture company in India.
BE (honors), Electrical Engineering, Birla Institute of Technology and Science (India)
MBA, Business Management, Indian Institute of Management (India)
M.Phil, PhD, Information Systems, New York University
Lawrence J. Matteson | Executive Professor of Business Administration
Professor Matteson brings to Simon Business School over 25 years of experience in technology and manufacturing management and in strategy development in large corporations. He teaches corporate strategy, competitive strategy, marketing strategy and negotiation theory and practice in both the regular MBA and Executive MBA programs. Matteson was previously senior vice president and manager of electronic imaging at Eastman Kodak Company, which he joined in 1965. He holds an MS degree in electrical engineering from Rensselaer Polytechnic Institute and received the Hugh H. Whitney Award for highest academic honors from the School’s Executive MBA Program in 1979. He serves on several boards and is active as a management consultant.
BS, Electrical Engineering, Union College
MS, Electrical Engineering, Rensselaer Polytechnic Institute
MBA, Executive Development Program, University of Rochester
András Miklós | Clinical Assistant Professor
Professor Miklós has research interests in business ethics, medical ethics and health policy. Prior to joining Simon Business School, he was a postdoctoral fellow at Harvard University, and held fellowships at the European University Institute, the University of Oxford and the University of Oslo. His research has been published or is to appear in Utilitas, Public Health Ethics and Public Reason.
MA, Political Science, Central European University
PhD, Political Science, Central European University
Jeanine Miklós-Thal | Assistant Professor of Economics & Marketing
Professor Miklos-Thal’s research focuses on analytical modeling of strategic interactions between firms and consumers. Her main areas of expertise are (i) vertical restraints, including exclusive dealing and resale price maintenance, and (ii) how marketing decisions affect consumers’ quality perceptions. Miklos-Thal’s research has been published or is to appear in the RAND Journal of Economics, the Journal of the European Economic Association, The Economic Journal, Management Science, the Journal of Marketing Research, Quantitative Marketing and Economics, Games and Economic Behavior, Economic Theory, and the International Journal of Industrial Organization. Her main teaching interest lie in pricing and game theory. Prior to joining Simon Business School, Miklos-Thal taught at the University of Mannheim, Germany. She was also a postdoctoral fellow at the European University Institute in Florence, and a visiting scholar at the MIT Sloan School of Management.
Propaedeuse, International Economic Studies, Maastricht University
Propaedeuse, Econometrics, Maastricht University
MA, Economics, Maastricht University
DEA, Economic Theory and Econometrics, University of Toulouse 1
PhD, Economics, University of Toulouse 1
Duncan T. Moore | Vice Provost and Area Coordinator for Entrepreneurship, Rudolf and Hilda Kingslake Professor of Optical Engineering; Professor of Biomedical Engineering and Business Administration
Professor Moore was appointed vice provost for entrepreneurship at the University in 2007. In this role, he oversees the Center for Entrepreneurship and managed the Kauffman Campus Initiative ($10.6M over five years). Moore is also the Rudolf and Hilda Kingslake Professor of Optical Engineering and professor of business administration at the University of Rochester. From 2002 until 2004, he served as the president and chief executive officer of the Infotonics Technology Center. From 1995 to 1997, Moore was dean of engineering and applied sciences at the University. From 1997 until 2000 he served as associate director for technology, White House Office of Science and Technology Policy, Executive Office of the President. Moore teaches an entrepreneurship course to a combined class of engineering graduate students and MBA’s.
BA, Physics, University of Maine at Orono
MS, Optics, University of Rochester
PhD, Optics, University of Rochester
Paul Nelson | Faculty Director of MS Marketing, Area Coordinator and Clinical Professor for Marketing
Professor Nelson’s teaching and research interests are concentrated on the multi-attribute model of consumer behavior, brand management, product positioning and pricing, outsourcing and the Internet. Nelson directs the Brand Management Program at Simon. He recently had marketing articles published in Marketing Science, Management Science and the Journal of Retailing as well as philosophy and information systems journals. He has served as a reviewer for numerous journals, including Marketing Science, Management Science and the Journal of Consumer Research. Nelson and his co-author, Dan Horsky, won the John D. C. Little Award for the best paper published in 1992 in Management Science or Marketing Science, for their paper, “New Brand Positioning and Pricing in an Oligopolistic Market.” Nelson has also won the Frank M. Bass Award for the best published marketing paper based on a dissertation. Nelson previously taught at the Krannert Graduate School of Management at Purdue University. He has been inducted into Beta Gamma Sigma, Omicron Delta Epsilon, Pi Mu Epsilon and Phi Beta Kappa.
BA, Mathematics, Economics and Business, Macalester College
MS, Business Administration, University of Rochester
PhD, Business Administration, University of Rochester
Robert Novy-Marx | Lori and Alan S. Zekelman Professor of Finance
Professor Novy-Marx’s research focuses primarily on asset pricing, both theoretical and empirical, though he also works in industrial organization, public finance and real estate.
Novy-Marx earned the American Real Estate and Urban Economics Association Dissertation Award in 2005 and the Western Finance Association’s Trefftz Award in 2004 for “An Equilibrium Model of Investment Under Uncertainty.” His “Hot and Cold Markets” won the 2010 Mill’s Prize for the best paper in real estate economics.
Novy-Marx is also a former professional triathlete, a member of the National Bureau of Economic Research and taught at the Booth School of Business before coming to Simon Business School.
BS, Physics, Swarthmore College
PhD, Finance, University of California–Berkeley (Haas School of Business)
David J. Oliveiri | Executive Professor of Business Administration
Professor Oliveiri has held several executive positions over a 30-year career in publishing and law.
He most recently served as group vice president of legal education for West Group (an operating arm of Thomson-Reuters) and president of Foundation Press. He has held positions as senior vice president and publisher, vice president of business development, vice president of product systems, and general manager/chief operating officer for various Thomson subsidiaries and operating groups. Oliveiri began his career at Lawyers Cooperative Publishing in Rochester, NY, where he was a managing editor, and later, an editorial director. He has also served as general counsel at Theatre Confections Inc. and was assistant counsel at Central Trust Bank. He is a member of the New York State and Monroe County Bar Associations, Beta Gamma Sigma, the Scribes Society of Legal Writers, and the Academy of Legal Studies in Business. He is licensed to practice law before the courts of New York State and the Federal Court of the Western District of New York.
Oliveiri is the author of the revised edition of Nimmer’s Commercial Asset-Based Financing (Thomson/West), a leading legal treatise. His research interests are in the areas of law and economics as interrelated disciplines, and in particular how the legal environment affects comparative advantage.
BS, Accounting, University at Buffalo
JD, University at Buffalo
MBA, University of Rochester
Dmitry Orlov | Assistant Professor of Finance
Dmitry has research interests in several areas of finance and economics including employee performance evaluations, markets for repurchase agreements, and coherent risk measurement. He also studies market microstructure models and general equilibrium asset pricing. Orlov’s research has been published in the Journal of Finance and Mathematical Finance.
Mathematics, Moscow State University
Data Analysis, Moscow Institute of Physics and Technology
PhD, Financial Economics, Stanford Graduate School of Business
Michael A. Raith | Associate Professor of Economics and Management
Professor Raith joined Simon Business School in 2002 and teaches MBA and MS courses in organizational and competitive strategy, for which he was named to the Teaching Honor Roll three times. His research interests parallel his teaching interests, and include organizational economics and industrial economics. Professor Raith has worked on pricing strategies in the presence of market uncertainty, the effects of financial constraints on firms’ behavior in product markets, incentive contracting and performance evaluation in organizations, and the interaction between incentives and communication in various organizational situations. Raith’s work has been published in the American Economic Review, RAND Journal of Economics, American Journal of Economics, Journal of Economic Theory, International Journal of Industrial Organization, Journal of Law, Economics and Organization and Journal of Financial and Quantitative Analysis. Prior to joining Simon Business School faculty, Raith taught at the Graduate School of Business of the University of Chicago. During 2005–06, he visited the University of Southern California’s Marshall School of Business, where he received a Golden Apple teaching award. In Fall 2011, he visited MIT’s Sloan School of Management, where he taught organizational economics.
Vordiplom, Economics, University of Bielefeld
Vordiplom, Computer Science, Fernuniversität Hagen
Diplom, Economics, University of Bonn
PhD, Economics, London School of Economics
Robert Ready | Assistant Professor of Finance
Professor Ready’s research interests are in asset pricing, macrofinance, and international finance. His recent research focuses primarily on commodity prices. His current projects include studying how changes in production conditions lead to changes in the riskiness of commodity derivatives, and examining the relation between commodity price risk and currency risk.
BA, Economics, Carnegie-Mellon University
PhD, Finance, University of Pennsylvania
Ricky Roet-Green | Assistant Professor of Operations Management
Professor Roet-Green recently completed two postdoctoral fellowships at the University of Toronto in mechanical and industrial engineering at the Centre for Maintenance Optimization and Reliability Engineering (C-MORE), and in operations management at the Rotman School of Management. Her scholarly interests are in operations research, operations management, service systems, queuing theory, game theory, and mechanism design. Previously, she was an instructor at Tel Aviv University, where she won several awards for teaching excellence.
BA, Economics and Political Science, Tel Aviv University
MA, Political Science, Tel Aviv University
MSc., Applied Mathematics, Tel Aviv University
PhD, Operations Research, Tel Aviv University
Huaxia Rui | Assistant Professor of Computers and Information Systems
Professor Rui’s research interests include social media, economics of electronic commerce, health IT, and contract theory. His current research focuses on social media analytics, online word of mouth, and online advertising.
BE, ME, Control Science and Engineering, Tsinghua University
PhD, Information Management, The University of Texas at Austin (McCombs School of Business)
Werner Schenk | Clinical Assistant Professor of Computers and Information Systems
Professor Schenk has professional and teaching interests in computers and information systems as applied to end-user computing, documentation and training, and applications development for office and manufacturing automation. Prior to joining the faculty, he worked as a principal information specialist and manager of programming services for Xerox Corporation. He now consults independently on information systems. He was a visiting professor of management information systems at St. John Fisher College and has held adjunct teaching positions at the Rochester Institute of Technology and the State University of New York at Brockport. He has been a member of the ANSI Committee for Programming Language Standardization and is a co-author of the American National Standards for Information Systems Programming Languages-Fortran.
Professor Schenk is also a member if the International Standards Organization (ISO) as part of a sub-committee defining programming standards for Computer-integrated manufacturing systems (CIMS) and Computer numerical control (CNC). Professor Schenk is an arbitrator for the American Arbitration Association and a member of the Financial Industry Regulatory Authority (FINRA) Board of Arbitrators.
BA, Mathematics, University of California
MBA, University of Rochester
Ronald M. Schmidt | Janice M. and Joseph T. Willett Professor of Business Administration for Teaching and Service
Since 1971, Professor Schmidt has served as a member of the faculty and as an administrator. He created the school’s first international program in 1985 by developing an Executive Development (MBA) Program in partnership with Erasmus University in the Netherlands. In 1997, he initiated the school’s Coach Program whereby second-year MBAs serve as coaches for first-year teams. His teaching areas include managerial economics, organizations and corporate strategy. He received Superior Teaching Awards from the MBA Classes of 1974, 1976, 1983 and 1991. The Executive Development (MBA) Classes of 1984, 1985 and 1988 also chose him for their superior teaching award, as did the Rochester-Erasmus MBA Class of 1987 and the Rochester-Nyenrode Classes of 2000 and 2001. His publications include papers on pricing, regulation, CEO compensation, organizational design, and economic inequality. His current research activities include an examination of CEO pay and the measurement of income inequality. He has served as a consultant to several corporations.
BA, Economics, The Ohio State University
MA, Economics, The Ohio State University
Bryce Schoenberger | Assistant Professor of Accounting
His research interests lie in financial accounting with specific interest in asset impairments, option markets, and earnings quality. He holds an active CPA license in Colorado following work experience at PricewaterhouseCoopers in the electronic audit support practice.
MA, Univeristy of Colorado, Leads School of Business
PhD, Accounting, University of Southern California (Marshall School of Business)
G. William Schwert | Distinguished University Professor and Professor of Finance and Statistics
Professor Schwert has research and teaching interests in portfolio and capital-market theory, corporate finance and control, econometrics and time-series analysis, and in the effects of public regulation on business. From 1978 until 1982, his research was sponsored by the National Science Foundation. During 1982, he was the first CRSP Distinguished Research Scholar at the University of Chicago. He received a Batterymarch Research Fellowship for the 1982–83 academic year. In 1990, he won the Graham and Dodd Plaque for the best paper (“Stock Market Volatility”) published in the Financial Analysts Journal, and he won a Smith-Breeden Distinguished Paper Award for one of the best papers (“Why Does Stock Market Volatility Change Over Time?”) published in The Journal of Finance. Schwert has been an editor of the Journal of Financial Economics since 1979 and the managing editor since 1995. He was an associate editor of The Journal of Finance from 1983–2000, and he is an advisory editor of the Journal of Monetary Economics. His current research deals with the pricing of initial public offerings of stock, the effects of insider trading on the market for corporate control, the effects of anti-takeover devices on takeover activity, and on stock market volatility.
AB (honors), Economics, Trinity College
MBA, Finance, Econometrics, University of Chicago
PhD, Finance, Econometrics, University of Chicago
Abraham Seidmann | Xerox Professor and Area Coordinator of Computers and Information Systems and Operations Management
Professor Seidmann is the author of over 100 research articles, which appear in many of the leading scientific journals, and has been the founding department editor on interdisciplinary management research and applications in Management Science for 10 years. He has been serving as an associate or area editor for IIE Transactions, the International Journal of Flexible Manufacturing Systems, Production Planning and Controls, the Journal of Intelligent Manufacturing, the Journal of Management Information Systems, and Production and Operations Management. His current research and consulting activities include medical informatics, electronic commerce, online auctions, information systems, health care management, business process design, project management and optimal resource allocation, strategic manufacturing systems, information economics, stochastic processes and performance modeling for capacity planning and pricing. In October 2012 Professor Seidmann was named a “Distinguished Fellow” by the Institute of Operations Research and the Management Sciences (INFORMS) and the Information Systems Society of INFORMS. The award was given to Seidmann, in recognition of his contributions to the information systems discipline. Seidmann is the first faculty member at the University of Rochester to win that honor. In October 2011, he also won the WITS 2012 Best Instructional Technology award for developing the highly interactive www.TradewindBusiness.com business simulation software. This software has been in use by dozens of leading universities around the globe. Seidmann has been consulting with many of the leading industrial and service corporations and presented numerous research and executive seminars on four continents. He has won teaching awards from the MBA and Executive MBA classes at Simon Business School, as well as from the Rochester-Nyenrode Class of 2003, and the MBA Classes of 1989 and 2009. His research was cited twice on the front page of The Wall Street Journal, and he was granted several prestigious prizes at international conferences for publishing outstanding research papers in the areas of information systems, information economics and electronic commerce. These include the Award for Best Research Paper at the 16th International Conference on Information Systems, presented in Amsterdam, the Netherlands. He also won the best paper award at the 1998 Hawaii International Conference on Systems Sciences, in Kohala, Hawaii. In 1999, the Workshop on Information Systems and Economics gave him a special award for writing “The Best Paper on Information Systems and Economics.” He is currently working with clinical teams from the University of Rochester Medical School, University of Texas Medical School and John Hopkins University on the development of innovative ways that leverage on Telemedicine for treating various Neurological disorders including Acute Migranes and Parkinson Disease using special protocols and care maps. He also works on the www.3rdFriday.com application that is designed to match medical students with the respective medical schools that they plan to visit for their residency.
BSc, Industrial and Management Engineering, Technion, Israel Institute of Technology
MSc, Operations Research, Technion, Israel Institute of Technology
PhD (cum laude), Industrial Engineering, Texas Tech University
Joel Seligman | President, University of Rochester
Joel Seligman, president of the University of Rochester since July 1, 2005, also holds faculty positions in the University’s Department of Political Science and in the William E. Simon School of Business. Before he became the University of Rochester’s tenth president, Seligman was dean of Washington University’s School of Law since 1999. He was dean and Samuel M. Fegtly Professor of Law at the University of Arizona College of Law from 1995 to 1999. He also served on the faculty at the University of Michigan Law School, George Washington University Law School, and Northeastern University Law School. A graduate of Harvard University, Seligman is one of the nation’s leading experts on securities law, and is the co-author, with the late Louis Loss and Troy Paredes, of the 11-volume Securities Regulation, the leading treatise in the field, and author of The Transformation of Wall Street: A History of the Securities and Exchange Commission and Modern Corporation Finance. He also has served as reporter for the National Conference of Commissioners on Uniform State Laws, Revision of Uniform Securities Act (1998–2002); as chair of the Securities and Exchange Commission Advisory Committee on Market Information (2000–2001); and as a member of the American Institute of Certified Public Accountants Professional Ethics Executive Committee. He is the author or co-author of 21 books and over 40 articles on legal issues related to securities and corporations.
AB, Political Science, University of California at Los Angeles
JD, Harvard University
Greg Shaffer | Wesray Professor of Business Administration; Professor of Economics & Management and Marketing
Professor Shaffer teaches the course on pricing policies to full-time and part-time MBA students. He has been named to the Teaching Honor Roll numerous times and was awarded the Superior Teaching Award from the MBA classes of 2001 and 2004. Shaffer’s research employs game theoretic models to examine pricing-related issues in IO and antitrust economics. His specialty is in the area of vertical restraints, including exclusive dealing, bundling, slotting allowances, market-share-based contracts and resale price maintenance. He has received research grants from the US National Science Foundation, the Social Science Research Council (USA), and the Social Research Council (UK). Shaffer’s work has appeared in the American Economic Review; Economic Journal; the RAND Journal of Economics; Journal of Economics and Management Strategy; Journal of Law and Economics; Journal of Law, Economics and Organization; Journal of Industrial Economics; International Journal of Industrial Organization; Marketing Science; and Management Science. He received Emerald Management Review’s Citation of Excellence Award as the author of one of the top 50 management articles of 2002.
Shaffer is a co-editor of the Journal of Economics and Management Strategy and an associate editor of the Journal of Economics and Business. He has served as a visiting scholar in the two US government antitrust agencies: the Antitrust Division of the US Department of Justice and the Bureau of Economics at the US Federal Trade Commission. Shaffer participated in the writing of the 2001 Federal Trade Commission’s report on slotting allowances (payments for retail shelf space), and he has twice given invited testimony on their competitive effects, serving on a three-member panel investigating this practice at the Hearings on Global and Innovation Based Competition (1995) and again at the Federal Trade Commission’s sponsored workshop on slotting allowances (2000). Prior to joining Simon Business School in 1997, Shaffer taught in the economics departments at Indiana University (Bloomington, Ind.) and the University of Michigan (Ann Arbor, Mich.). He has held an appointment at Princeton University’s Woodrow Wilson School, and he has been a visiting scholar in the marketing department at Northwestern University’s Kellogg School of Management. In addition to his teaching and research duties at Simon Business School, Shaffer has an appointment in the School of Management at the University of East Anglia (Norwich, UK). He is also the founder of the Center for Pricing.
BA (high honors), Economics and Mathematics, Swarthmore College
MA, Economics, Princeton University
PhD, Economics, Princeton University
Carol C. Shuherk | Clinical Assistant Professor of Business Communication
Professor Shuherk has extensive experience in the areas of leadership development and organizational change, in academia and private industry. Prior to joining the Simon Business School faculty, she was Senior Associate Provost for the University of Rochester where she created the first University-wide orientation and career development programs for new faculty, UR Year One, introduced leadership education for newly appointed academic department chairs and division chiefs, Conversations in Academic Leadership, and collaborated with faculty from each of the University’s seven schools to design the Future Faculty Workshop, aimed at preparing doctoral students and post-doctoral fellows for their job searches and academic careers. She was a partner in the work of the University’s Office of Diversity & Faculty Development and a co-investigator/author of its 2010 Diversity Report, subsequently charged with implementing its recommendations for improving the experience of new, underrepresented faculty, and strengthening the capacity of department chairs’ to lead in diverse academic communities. Before coming to Rochester Shuherk established the University of Arizona’s Program for Academic Leadership, creating seminars, conferences and consulting services for the UA’s 125 academic department heads. Prior to that she was a faculty member at the University of Southern California’s Marshall School of Business and academic director of its full-time MBA program. As a long-term consultant to the Los Angeles Times, Carol led development of the Newspaper Management Institute, executive education for 200 mid-level Times managers, and collaborated with newsroom leaders to create Editing Excellence, leadership education for new editors. She has consulted with firms ranging from Fortune 50 media conglomerates to family-owned machine shops.
PhD, Rhetoric and Communication, University of Oregon
Clifford W. Smith Jr. | Louise and Henry Epstein Professor of Business Administration and Professor of Finance and Economics
Professor Smith has research interests in the fields of corporate financial policy, derivative securities, and financial intermediation. He has published 16 books and over 90 articles in leading finance and economics journals. Students in the Executive MBA Program have given him their Superior Teaching Award 21 times; students in the MBA Program have given him their Superior Teaching Award 16 times. In 2003, he received the FMA Fellows Award by the Financial Management Association International. He was named Distinguished Scholar by the Southern Finance Association in 2000, and Distinguished International Visiting Scholar by the British Accounting Association in 1991. In 1986, he was given the first Special Award for a Perfect Teaching Rating by the School; in 1983, he was chosen a University Mentor in recognition of his scholarship and teaching. He is currently chairman of the board of Home Properties, a multifamily real estate investment trust (REIT) with operations primarily along the East Coast of the United States, and was formerly chair of the compensation committee, chair of the governance committee, and lead director. Smith has served as president of the Risk Theory Society, president of the Financial Management Association National Honor Society, vice president for Global Services of the Financial Management Association International, vice president of the International Economics and Finance Society, a member of the board of advisors of the International Association of Financial Engineers, and a member of the board of directors of the Financial Management Association and the Southern Finance Association. He is an advisory editor of the Journal of Financial Economics; an associate editor of the Journal of Risk and Insurance, Financial Practice and Education, the Review of International Economics, the Journal of Financial Services Research, the Journal of Derivatives, and the Journal of Financial Research; a member of the editorial board of the Review of International Economics; and a member of the advisory board of the Journal of Applied Corporate Finance, The Financier, Contemporary Finance Digest, and The Arbitrageur. His paper, “Trading Cost for Listed Options: The Implications for Market Efficiency” (with Susan M. Phillips), was awarded the Pomerance Prize for Excellence in Options Research by the Chicago Board Options Exchange for 1980; his paper, “On the Convergence of Insurance and Finance Research,” was awarded the Alpha Kappa Psi-Spangler Award by the American Risk and Insurance Association for 1996.
BA, Economics, Emory University
PhD, Economics, University of North Carolina at Chapel Hill
Erin Smith | Assistant Professor of Finance
In her dissertation, “Do Shareholders Want Less Governance?” Smith uses over-voting as a novel instrumental variable that increases the likelihood of passing anti-takeover provisions, finding that such provisions increase shareholder value.
She has been awarded the Best Finance PhD Dissertation in Honor of Stuart Greenbaum by Washington University in St. Louis and the Edwin Elton Prize for Best Job Market Paper by New York University, Stern School of Business. Smith visited the Securities and Exchange Commission during 2014.
BA, Engineering and Economics, Dartmouth College.
PhD, Finance, New York University (Stern)
Vera Tilson | Associate Professor of Operations Management
Professor Tilson’s research interests are in health care operations, supply chain management, and stochastic scheduling. Her teaching interests are in quantitative business modeling and in operations management. She has received a superior MBA teaching award, and multiple teaching honor roll recognitions. She has industrial experience as a software engineer and project manager in telecommunications, medical instrumentation, supply chain software and financial industries. Her research has been published in Management Science, Operations Research, MSOM, Production and Operations Management Journal, Decision Support Systems, European Journal of Operations Research, International Journal of Production Economics, and other scientific and industry publications.
SB, Electrical Engineering, Massachusetts Institute of Technology
MS, Applied Mathematics, Colorado School of Mines
PhD, Operations Management, Case Western Reserve University
Heidi Tribunella | Faculty Director of MS in Accountancy; Clinical Associate Professor of Accounting
Professor Tribunella has served as an auditor for two national firms, Deloitte & Touche and PricewaterhouseCoopers LLP. At those firms, she served clients in the health care industry as well as midsized firms. Tribunella, also a New York State Certified Public Accountant, spent over five years in industry as a manager of financial reporting for two different health care companies. Prior to joining Simon Business School faculty, she taught a variety of business and accounting courses at various colleges. Tribunella has an interest in accounting and auditing research and has published articles in the CPA Journal, the Journal of Business and Economics Research, the Journal of College Teaching and Learning, The Review of Business Information Systems, and the Accounting Information Systems Educator Journal. Tribunella has received Best Paper Awards at the International Business and Economics Research Conference and the Accounting Information Systems Educators’ Conferences.
BS, Accounting, State University of New York at Geneseo
Certified Public Accountant, New York State License
MS, Accountancy, State University of New York Institute of Technology
Jerold B. Warner | Fred H. Gowen Professor of Business Administration; Professor of Finance and Area Coordinator, Finance
Professor Warner has teaching and research interests in portfolio theory, capital markets, and corporate finance. He is currently an associate editor of the Journal of Financial Economics. He is a former member of the faculty of the University of Chicago Booth School of Business.
BS, Economics, University of Pennsylvania
MA, Operations Research, Yale University
MBA, Economics and Finance, University of Chicago
PhD, Economics and Finance, University of Chicago
Charles E. Wasley | Joseph and Janice Willett Distinguished Scholar; Area Coordinator, Accounting
Professor Wasley’s teaching interest is the financial reporting area. His research interests encompass the role of accounting information in capital markets. He currently serves as an associate editor of the Journal of Accounting and Economics. His current research focuses on the rational pricing of earnings, cash flows, and accruals; measuring real activity management; the role of management earnings forecasts in the bond market; management cash flow forecasts; information externalities in capital markets; the determinants of insider trading windows; and the role of materiality as a determinant of firms’ disclosure decisions. Recent publications include “Soft-Talk Management Cash Flow Forecasts: Verifiability, Credibility, and Stock Price Effects,” forthcoming in Contemporary Accounting Research, 2012 and “Information Externalities along the Supply Chain: The Economic Determinants of Suppliers’ Stock Price Reaction to Their Major Customers’ Earnings Announcements,” Contemporary Accounting Research, 2011. Wasley’s research has been published in the Journal of Accounting and Economics, The Accounting Review, the Journal of Accounting Research, the Journal of Finance, the Journal of Financial Economics, Contemporary Accounting Research, the Journal of Accounting, Auditing and Finance, the Journal of Portfolio Management, and the Review of Quantitative Finance and Accounting. Prior to his appointment at Simon Business School, Wasley was a faculty member at Washington University in St. Louis and The University of Iowa.
BS, Accounting, State University of New York at Binghamton
MS, Accounting, State University of New York at Binghamton
PhD, Accounting, The University of Iowa
Gerard J. Wedig | Academic Director of Health Care Programs; Associate Professor of Business Administration
Professor Wedig’s research interests involve the application of corporate finance, governance, organizational economics and incentives to the health care industry. He has studied the investment and financing decisions of hospitals and nonprofit entities, incentive payment systems for physicians and hospitals, and a variety of other issues in health economics, including the incentive effects of Medicare and Medicaid payment systems on costs, insurance coverage and charity care. His current research focuses on the organizational economics of the managed care industry. Wedig’s publications have appeared in The Journal of Finance, the Journal of Business, the Review of Economics and Statistics, the Journal of Health Economics, Health Affairs, Medical Care Research and Review and other journals. In addition, he has been the recipient of numerous research grants from the Centers for Medicare and Medicaid Services (formerly HCFA) and the Robert Wood Johnson Foundation. Wedig teaches courses in organizational economics as well as the corporate finance and governance of health care organizations. He has consulted to numerous medical organizations including hospitals, HMO’s, physician groups, pharmaceutical firms and consulting firms on issues of health care finance. Prior to joining Simon Business School, Wedig taught at Boston University’s School of Management, the Wharton School at the University of Pennsylvania, and Indiana University’s Kelley School of Business.
BS (summa cum laude), Economics, Washington University (St. Louis)
MA, Economics, Harvard University
PhD, Economics, Harvard University
Kurt Wojdat | Clinical Assistant Professor of Accounting
Professor Wojdat gained public accounting experience working for two years as an auditor with Peat Marwick and Mitchell. A certified public accountant, he spent five years at Warner Lambert engaged in internal auditing, cost accounting, financial analysis and treasury activities. He then performed financial planning and analysis functions at Xerox Corporation for three years. After receiving his doctoral degree, he taught at Syracuse University for one year before joining Simon Business School faculty.
BS, Accounting, State University of New York at Albany
MBA, Finance, University of Rochester
PhD, Accounting, University of Buffalo
Joanna Shuang Wu | Susanna and Evans Y. Lam Professor of Accounting
Professor Wu’s research spans the areas of international financial reporting, the behavior of financial analysts, management compensation, voluntary disclosure, and mutual fund performance. Her work has been published in the Journal of Accounting and Economics, Journal of Finance, Journal of Accounting Research, and The Accounting Review, among others. She has been named to Simon Business School Dean’s Teaching Honor Roll numerous times. Professor Wu is an editor of the Journal of Accounting and Economics.
BA, International Economics, Beijing University
MA, Economics, Tulane University
PhD, Business Administration, Tulane University
Shiming Fu | Visiting Assistant Professor of Finance
Professor Fu is visiting Simon from the Fuqua School of Business at Duke University, where he recently completed a PhD. His research interests are in financial economics, corporate finance, and dynamic contracting.
BA, Economics, Nankai University
MS, Economics, Arizona State University
PhD, Finance, Fuqua School of Business at Duke University
Daniel J. Burnside | Lecturer in Finance
Dan is director of quantitative research at Rochester money manager Clover Capital Management. He has held various roles in the investment, risk management and financial planning fields, and has worked extensively with both individual and institutional clientele. His teaching goal is to provide students with the knowledge to bridge the gap between the academic theories and the practitioner world of money management.
Burnside is a chartered financial analyst (CFA) and a certified financial planner (CFP).
BS, Engineering, Cornell University
MS, Engineering, Cornell University
MBA, University of Rochester
PhD, Engineering and Mathematics, Cornell University
Barry A. Friedman | Lecturer in Economics and Management
Professor Friedman’s professional interests include leadership, management effectiveness, human resource management, and organizational behavior. His corporate experiences include Xerox, ExxonMobil and Harris Interactive. He has published over 80 conference and journal articles in such journals as the Journal of Applied Psychology, Personnel Psychology, Industrial Relations, and the Journal of Educational Administration. He has taught in Singapore, Germany China, Japan, and Turkey.
BS, Psychology and Political Science, University of Rochester
PhD, Industrial and Organizational Psychology, The Ohio State University
W. Barry Gilbert | Executive Lecturer in Business Administration and E-Commerce
Mr. Gilbert recently served as CEO and chairman of the board of IEC Electronics Corporation and has served on a number of advisory boards. He served as president of the Thermal Management Group of Bowthorpe Plc. from 1991 until 1999, where he had responsibility for eight manufacturing locations in the U.S., Mexico, Hong Kong, Malaysia, England, Italy and Germany. Prior to Bowthorpe, Gilbert served as corporate vice president and division president for Milton Roy Company, a mid-sized NYSE company, and held several senior leadership roles for Bausch & Lomb, Inc., concluding with becoming a division president for the company. Gilbert started his commercial career at Ernst & Young in New York City in its public accounting and management consulting groups. In 1992, Gilbert was given Simon Business School Distinguished Alumnus Award.
BS, Accounting (Honor Society), The Ohio State University
MBA, Finance, Applied Economics, University of Rochester
Harry Howe | Lecturer in Accounting
“I have a particular passion for the Financial Statement Analysis course. It’s the course that tells the finance concentrators where the numbers come from, and where they should be skeptical or critical of the information provided in the 10-K’s. It’s the course that tells the accountants how the numbers they produce are going to be used – what matters to the consumer. And it’s the course that brings elements of accounting, finance and strategy together into a new whole. I think it’s one of the most important courses in the whole business curriculum.” Howe has received several awards for teaching, active learning, scholarship and service. He continues active board service with the Rochester FEI and NYSSCPA chapters, is a past president of the Northeast AAA region and a 2011 inductee to its Hall of Fame. Prior to entering graduate school Howe worked in the construction and commercial real estate industries. Howe’s avocational interests include bicycle touring, history and foreign travel. He is married to the photographer Lauren Howe, and their two sons are Benjamin (Captain in the USMC) and Noah (Congressional intern). Harry Howe has twenty years of experience as an accounting instructor at both graduate and undergraduate levels. He has taught all the courses in the financial accounting sequence and, SUNY Geneseo (where he holds the rank of Professor) Howe developed the Financial Statement Analysis course and has taught that numerous times. His other teaching assignments have included AIS, Strategy, Finance and sections of the Western Humanities course. Howe’s research has addressed issues in business valuation (his PhD dissertation area), financial reporting for employee stock options and pedagogy. He co-authored two volumes in the BNA Policy and Practices series and a text on IT auditing published by Wiley. His papers and case studies have been widely presented in conferences and have published in The Journal of Legal Economics, The Journal of Business Valuation and Economic Loss Analysis, Issues in Accounting Education, The Journal of Accounting Education, The CPA Journal, Simulation and Gaming and other journals.
BA, Brown University
MBA, Union College
PhD, Union College
Richard C. Insalaco | Lecturer in Finance
Mr. Insalaco is the senior investment officer and assistant treasurer in the University of Rochester Investment Office, which manages and invests the University’s endowment and affiliated funds as well as the University’s operating capital. Mr. Insalaco’s areas of responsibility include multi-strategy hedge funds, private equity, venture capital, distressed debt, fixed income, cash funds, and risk management; he also has responsibility for managing and investing the University’s operating capital. He joined the University in 2007, after serving as a senior financial analyst and trader at the New York Federal Reserve Bank, where he worked on the Open Markets trading desk, from which the Fed implements monetary policy. In that capacity, he provided advice to senior Federal Reserve and treasury officials on macroeconomic issues and market developments, and oversaw the Open Market Desk’s customer trading operations. Prior to this, Mr. Insalaco briefly worked as an investment banker in the financial institutions group at Smith Barney. He began his career as a corporate and securities attorney in San Francisco, where he practiced for seven years before returning to academia to attend business school. Mr. Insalaco is a Chartered Financial Analyst (CFA) and a member of the Rochester CFA Society. He is also a member of the California, New York, and New Jersey bars, and is the co-author, with (former) US Senator Peter Fitzgerald, of Note, “Denying the Crime and Pleading Entrapment: Putting the Federal Law in Order” in the University of Michigan Journal of Law Reform. Mr. Insalaco serves on several non-profit boards in Rochester.
BA (Magna Cum Laude, Phi Beta Kalla), Political Science, University of Rochester
JD and MBA, University of Michigan
Rami Katz | Lecturer in Entrepreneurship
Rami Katz is the Chief Operating Officer for Excell Partners, a VC fund that invests in high-tech startups in New York State focused on Upstate NY. Rami manages Excell’s due-diligence and investment processes, managing a team of venture analysts. Post investment, Rami takes an active role with the fund’s portfolio companies as a member of the board of directors as well as by providing executive mentoring to the management team.
Prior to joining Excell, Rami played an active role in commercializing new technologies, as an entrepreneur, investor and a consultant working with regional incubators, entrepreneurs and researchers to develop business plans that secured over $40M in funding.
MBA, University of Rochester
JD, Tel-Aviv University
Gregg Lederman | Lecturer in Marketing
Mr. Lederman is the founder of Brand Integrity Inc. and co-creator of the Achieving Brand Integrity™ process. With over 15 years of experience as a business and marketing strategy professional, Lederman is an entrepreneur who has owned and operated several businesses in the Rochester area prior to founding Brand Integrity Inc. Brand Integrity focuses on facilitating senior management teams to achieve alignment and consensus in regards to an “ultimate business strategy,” the brand strategy, and creating actionable ways to live it internally through people and processes. Brand Integrity Inc. works with leadership to achieve employee “buy-in” to the brand strategy to ensure sound execution and to establish accountability for performance, which in turn leads to increases in employee productivity, loyalty among existing customers, and greater sales to new customers. Lederman has crafted and implemented organization-wide and product-specific brand strategies with many of today’s leading companies including Wegmans Food Markets Inc., Hallmark Cards Inc., Erickson Communities, PAETEC Holding Corp., Corning Incorporated, Duke Energy, Frito-Lay and the American Red Cross. Throughout the year, Lederman delivers keynote interactive presentations at various conferences across the country. Lederman is a board member with the Learning Disabilities Association, the Genesee Valley Trust Advisory Board, and Simon Business School Alumni Council.
BS, Ithaca College School of Business
MBA, University of Rochester
Robert M. Place | Lecturer in Business Law
Mr. Place has been a practicing attorney for 32 years and utilizes this experience in teaching for the University of Rochester. He taught social studies at the junior and senior high school level for four years before attending law school at Syracuse University. He was a partner in the law firm of Place & Arnold, a general practice which represented local municipalities, real estate, matrimonial, bankruptcy and estate clients. His varied legal experience gives students a practical understanding of business law.
AS, Liberal Arts, Monroe Community College
BS, US and European History, SUNY College at Oneonta
MS, Social Science Education, SUNY College at Oneonta
JD, Syracuse University
Michael Riedlinger | Lecturer in Entrepreneurship
Mr. Riedlinger is currently Program Manager for Technology Commercialization and Manager of the Rochester BioVenture Center for High Tech Rochester where he runs several programs throughout Upstate New York for entrepreneurial ventures in biotechnology, medical devices, sustainable energy, optics, and web/mobile applications. He also serves as a board member for DG Tech Investors, Inc., the Business Incubator Association of New York State and the Industrial Advisory Board of the Cornell Center for Materials Research. Prior to joining HTR, Riedlinger was a co-founder of Diffinity Genomics, Inc. which commercialized technology from the U of R Department of Chemistry for applications in the life science industry. Diffinity Genomics was sold to a multi-national organization and now functions as part of Chiral Technologies. Mr. Riedlinger also co-founded and served as president of NaturalNano, which went from start-up concept to a publicly-traded firm under his management. The company developed technologies based on naturally occurring materials with nanoscale attributes that were adapted for specialty cosmetics, polymers, and nanocomposite applications His consulting firm, Technology Sales and Licensing Services, has provided support to entrepreneurs and organizations throughout the Finger Lakes Region since 2002. Projects included market assessments for new technologies in sustainable energy and manufacturing practices, applications for new materials in medical devices and new market opportunity development for mid-sized businesses that faced declining revenues in existing markets.
Additional experience includes roles as managing director of VitalWork, an organizational development firm, and sales and marketing roles for computer software development services and consumer products at Metamor Software Solutions, Selectronics, and Microlytics.
BFA, Rochester Institute of Technology
MBA, Finance and Accounting, University of Rochester.
Paul F. Shanahan | Lecturer in Business Law
Mr. Shanahan is a lawyer admitted to practice law before all federal and state courts in New York State and the District of Columbia. He maintains an active statewide practice with emphasis on commercial and civil litigation. Shanahan has published various articles in the Albany Law Review and the International Practitioner’s Notebook. He has lectured extensively to legal and professional groups, speaking on a number of topics concerning the civil justice system. Shanahan has served as an arbitrator for various legal disputes. His research interests include the role of legal regulation in reducing systemic risk to the financial system. He has taught at Simon continuously since 1984. His excellence in teaching includes election by his students to the Simon Teaching Honor Roll. Shanahan is a three-time recipient of the President’s Distinguished Service Award by the New York State Trial Lawyers Association. He is a founding member of the New York Trial Lawyers Academy and a member of the American Board of Trial Advocates. He has served as both an officer and director of the New York State Trial Lawyers Association. Shanahan’s community service has included serving as a trustee of the Manlius Pebble Hill School and as a guest commentator for the Rochester Democrat & Chronicle, the Rochester Business Journal, and the Rochester Daily Record.
BS (cum laude), Management Law and Economics, Rensselaer Polytechnic Institute
JD, Albany Law School of Union University (Member, Albany Law Review)
Bob Tobin | Lecturer in Entrepreneurship
Prior to his appointment at the University of Rochester, Mr. Tobin was president and CEO of Tobin & Associates Inc., an information technology services firm that was established in 1987. Over the next 20 years, the company grew from six employees to over 140, while extending the core competencies and capabilities to better meet the evolving technical requirements of its clients. Tobin & Associates Inc. was a seven-time recipient of the Rochester Top 100 Award and also received the Quality First Award from Eastman Kodak Company. Tobin & Associates Inc. was also awarded the Empire State Employer Recognition Award, earning statewide praise for its proactive employment efforts on behalf of physically challenged individuals. In addition to his business and education pursuits, Tobin is very active in the Rochester community. He was an inaugural member of the Entrepreneurial Partnership of Nazareth College. He is past president of the Small Business Council of the Greater Metro Rochester Chamber of Commerce, past board president of the Rochester Rehabilitation Center and past president of Prevention Partners, a drug use prevention and education agency. He is currently Board President at Coordinated Care Services, Inc. and a board member of the collaboration project. He is also a member of the Advisory Board of Teen Empowerment. Tobin was named Small Business Person of the Year by the Small Business Council of the Greater Metro Rochester Chamber of Commerce and Citizen of the Year by the Penfield (NY) Lions Club.
BA, Sociology, Seton Hall University
Thomas Tribunella | Lecturer in Accounting
Professor Tribunella’s teaching and research interests are in the fields of accounting and information systems. He has published papers related to markup languages such as XML and XBRL, open source accounting systems, and technology’s effect on productivity. He has also won four best paper awards at academic conferences. Examples of his publication appear in the following outlets, among others: Journal of Information Systems, The CPA Journal, The Review of Business Information Systems, Journal of Global Information Management and Journal of Business and Economics Research. Tribunella worked in industry as an auditor and accountant before beginning a career in academia. He has been on the faculty at the Rochester Institute of Technology, SUNY Institute of Technology, SUNY Oswego and SUNY Geneseo. He is currently teaching Accounting Information Systems, Management Information Systems, Auditing and Information Systems, and Cost Accounting.
BBA, Accounting, Niagara University
Certified Public Accountant, New York State License
MBA, Accounting, Rochester Institute of Technology
PhD, Information Science, State University of New York at Albany
Mark W. Wilson | Lecturer in Entrepreneurship
Mr. Wilson founded Initiatives Consulting LLC in 1997 to help clients turn technical ideas into new products and companies. Initiatives Consulting, LLC has created business plans, marketing support, and road show coaching that has been instrumental in starting six companies, raising several million dollars of seed money, and launching four new medical devices; including most recently a proprietary syringe-product and a device to reduce catheter-related blood stream infections. Since 2004, Wilson’s training company (www.neworks.biz) has taken nearly 500 teams through an intense workshop to jump-start their technology-based product ideas. This program has launched well over 100 pre-seed stage companies out of university research and patents which have gone on to collectively raise over $100 million in equity funding. (www.preseedworkshop.com). With diverse roles prior to Initiatives in product design, process engineering, optical tooling, lean manufacturing and automation, Wilson has been involved in the creation and launch of five new medical device platforms currently generating more than $1 billion in annual sales. As a part-time academic, Wilson is driven to simplify, quantify, and systematize the fuzzy-front-end of innovation.
BS, Mechanical Engineering, Rensselaer Polytechnic Institute
MS, Mechanical Engineering, Rensselaer Polytechnic Institute
MARSHALL FREIMER | PROFESSOR OF MANAGEMENT SCIENCE & COMPUTERS AND INFORMATION SYSTEMS (RETIRED)
Professor Freimer has teaching and research interests in applied probability and optimization. He currently utilizes some of this work in the analysis of problems in information systems and marketing. His work appears in management, engineering, economics, statistics and mathematics journals. He is co-author, with Leonard S. Simon, of the book Analytical Marketing. He has held a Ford Foundation Faculty Fellowship and has won Simon Business School Superior Teaching Award.
AB (summa cum laude), Mathematics, Harvard Universit
PhD, Mathematics, Harvard Univ
Ronald W. Hansen | William H. Meckling Professor Emeritus of Business Administration
Dean Hansen oversees the Executive and Part-time programs, the School’s Marketing and Communications area, and leads Simon’s involvement in the undergraduate business program and the Technical Entrepreneurship and Management (TEAM) MS program. He is responsible for Simon’s international program development and serves as area coordinator for the concentrations of Business Environment and Public Policy and International Management. He became director of the Systems Analysis Program in 1972, and from 1977 to 1986 he was the associate director of the Center for Research in Government Policy and Business, now the Bradley Policy Research Center. He briefly left Simon Business School to become the first recipient of the Merrell Dow Professorship of Pharmaceutical Administration in the College of Pharmacy at The Ohio State University (1986–88). Prior to his current Simon School appointment, he served as senior associate dean for faculty and research for 21 years. Hansen is widely recognized for his scholarly research in drug-development policy and in the regulation of the pharmaceutical industry. He helped to establish and collaborates on research with the Tufts Center for the Study of Drug Development. Hansen was on the editorial board of the Journal of Research in Pharmaceutical Economics. He was a member of the National Advisory Council on Health Care Technology Assessment (1985–88) and the Committee on the Children’s Vaccine Initiative, Institute of Medicine, National Academy of Sciences (1992–93).
BA, Mathematics, Northwestern University
MA, Economics, University of Chicago
PhD, Economics, University of Chicago
John B. Long Jr. | Frontier Communications/Rochester Telephone Professor Emeritus of Business Administration
Professor Long has research interests primarily in the area of financial economics. In his published articles, he has addressed many of the financial decision problems faced by individuals and firms. These include total savings and portfolio-selection decisions (with particular emphasis on income tax implications and the performance of sophisticated portfolio-selection techniques), investment-project evaluation and dividend-policy choice. In other articles, he addresses the behavior of relative asset prices, the measurement of “ab-nor-mal” asset returns, the implications of taxes and inflation for common stock prices and the term structure of interest rates. With Charles I. Plosser, Long has done theoretical and empirical research on fundamental interpretations of fluctuations in economic activity (business cycles). Long is a past editor and advisory editor of the Journal of Financial Economics and a member of Beta Gamma Sigma.
BA, Mathematics, Rice University
PhD, Industrial Administration, Carnegie Mellon University
Jerold L. Zimmerman | Ronald L. Bittner Professor of Business Administration and Professor Emeritus of Accounting
Professor Zimmerman’s research and teaching interests involve financial and managerial accounting. In 2004, he and Professor Ross L. Watts (at MIT) received the American Accounting Association Seminal Contribution to the Accounting Literature Award, the most prestigious research award in the field of accounting. They received the American Institute of Certified Public Accountants Award in 1979 and 1980 for their joint papers. Zimmerman was the 1978 winner of the Competitive Manuscript Award, sponsored by the American Accounting Association, for his paper, “The Costs and Benefits of Cost Allocation.” The Watts/Zimmerman research, which has come to be called “positive theories of accounting,” seeks to understand the costs and benefits of various accounting procedures. He and Watts co-authored a book, Positive Accounting Theory, published by Prentice-Hall in 1986.
Zimmerman’s current research includes: “Corporate Governance Myths: Comments on Armstrong, Guay, and Weber,” with James A. Brickley (Journal of Accounting and Economics); “Unintended Consequences of Granting Small Firms Exemptions from Securities Regulation: Evidence from the Sarbanes-Oxley Act,” with Feng Gao and Joanna Shuang Wu (Journal of Accounting Research); and “The Joint Effects of Materiality Thresholds and Voluntary Disclosure Incentives on Firms’ Disclosure Decisions,” with Shane Heitzman and Charles Wasley (Journal of Accounting and Economics). The sixth edition of Managerial Economics and Organizational Architecture by James A. Brickley, Clifford W. Smith Jr. and Jerold L. Zimmerman was published by McGraw-Hill/Irwin in 2015. Brickley, Smith, Zimmerman and Janice Willett authored a popular version of this text entitled Designing Organizations to Create Value published by McGraw-Hill in 2003. The seventh edition of Zimmerman’s textbook, Accounting for Decision Making and Control, was published by McGraw-Hill in 2011. Zimmerman is a founding editor of the Journal of Accounting and Economics. He was also a distinguished faculty member of the American Accounting Association’s Doctoral Consortium, and a visiting professor at Chinese University of Hong Kong, Hong Kong University of Science and Technology, Hong Kong University, and Hong Kong Polytechnic University. He was on the board of directors of IEC Electronics and on the company’s audit and compensation committees.
BS (cum laude), Finance, University of Colorado
PhD, Business Administration, University of California at Berkeley