RMB Bond Market Seminar
Page 2Bu
siness Cohort
Community
~~iBI Page 3Newsletter
Calling for Customers
H KUST Business School
EMBA Remains World's
'
Best
The Kellogg-HKUST EMBA has been rated tops in the world for the second year in a row in the Financial Times 2010 EM BA global rankings.
This year's high ranking was attributed to a few key factors: the excellent performance of the 2007 graduating class, the high quality of the School and program, and the strong research capabilities of our faculty.
Graduates of 2007 achieved the highest salary three years after graduation, coming out front in the 100 programs surveyed. They also stood out in terms of student diversity, work experience and the extent to
which the EMBA had fulfilled their goals.
The program has been ranked among the top three in the world since 2005 and the President of HKUST, Professor Tony
F.
Chan, said this reflected its consistent emphasis on academic excellence,hard work, advancement of knowledge and creativity.
"This distinguished achievement is certainly a strong affirmation of the exceptional quality of our EMBA program and the global leadership position of the HKUST Business
School," he said. The 18-month program is offered together with the Kellogg School of Management of Northwestern University and Professor Steven DeKrey, Founding Director of the Kellogg-HKUST EMBA program and Senior Associate Dean of the School, said this gave it a singular edge.
Students learn from world-class faculty from the two business schools and this equips them with a unique global management perspective. Professor Leonard Cheng, Dean of the School praised the unique and strong partnership between the two Schools.
Website: www.bm.ust.hk
Contact us
:
[email protected]
© 2011 by the HKUST Business School. All rights reserved.From
the
Dean
It has been an exciting and eventful fall semester and I
am pleased to share with you some of the highlights in this issue. The School once again received much-welcomed recognition from the Financial Times rankings that placed the Kellogg-HKUST EMBA program No.1 in the world for the third time in four years. The
consistently high rankings reflect the School's global leadership position in providing high quality business education programs that we take tremendous pride in. Our undergraduates and MBA students scored successes in local and international business competitions. They devoted a lot of hard work and team effort to these enriching learning experiences and deserve much praise. Meanwhile, our engagement with the business community continued to actively promote exchanges of views on topical issues. With the switch to a four-year curriculum in 2012, teaching excellence and curriculum development have become the talk of the School. Great importance is
attached to a curriculum design that fosters responsible leadership and ethical business practices to meet the needs of the changing world. Read on to find out about these latest trends.
2011 promises to be a festive year for the School and across HKUST as we celebrate our 20th anniversary. The School has made great strides in two decades and, like you, I'm proud of our collective accomplishments. I look forward to your enthusiastic participation in this year's celebratory events to share our happiness and to support us as we continue our miraculous journey to become one of the world's best business schools.
I wish everyone a happy new year.
~~,:g~
Business Schools
after the Crisis
Business school deans from
around the world gathered to discuss the role and future of their institutions in the wake of the global financial crisis and Dean Leonard Cheng was one of the keynote speakers.
Dean Cheng told participants at the 3rd International
Business School Shanghai Conference about the HKUST Business School's curriculum and research developments, and its directions after the crisis. He
highlighted three key trends: responsible leadership, risk management and sustainable development in curriculum change and new research directions in response to the crisis.
"Some of the changes and initiatives now in place at HKUST are a direct response to the fundamental problems identified in the financial crisis. Others represent adjustments to the evolving global economic and business environment even in the absence of a crisis. And still others represent the sequential development of a young business school with less than 20 years of history," he said at the conference.
Watch it Live
A webcam has been installed at the construction site of the new Lee Shau Kee campus so anyone, anywhere, can watch the campus being built from the Business School website.
The new campus will house the Lee Shau Kee Business Building, which will become the new home of the Business School, as well as HKUST's Institute
Fung Scholars
In 2010, sixteen of HKUST's 26 "Fung Scholars" came from the Business School and were chosen for their strong academic results and potential for leadership.
Each student receives HK$25,000 for a one-semester exchange or HK$50,000 for a one-year exchange. Overseas exchanges are an excellent way for students to broaden their horizons and gain exposure to different academic approaches.
Zenki Kwan, a 2008 BBA in Finance and Information
Systems, can attest to the value of the exchange.
In postgraduate programs, the curriculum has been adjusted to take account of the current global economic environment and high social expectations. Modules on responsible leadership and ethics and risk analysis and risk management have been strengthened.
In undergraduate programs, opportunities have
arisen from the change to a four-year curriculum in 2012. Required courses on business ethics and responsibility will carry increased weight and credits, and a non-academic program, the Business Cohort Community, has been launched to develop personal character and growth and a sense of social responsibility among students.
Research directions are being geared towards
investigations related to climate change and
sustainability, as well as the response to the financial crisis.
These changes support the HKUST Business School's vision of developing responsible business
leaders in Asia who will have a positive impact on a changing world.
for Advanced Study.
The campus is expected to be ready
in 2012 when the new four-year undergraduate curriculum will be introduced. In the meantime, the webcam image will be updated every five minutes to provide a visual record of the campus construction. Zenki spent a semester at the University of
Southern California in 2007 and said it helped him to realise his goal of becoming an equity analyst at an
investment bank.
"The exchange study at USC was amazing and it enriched my life to a great extent. As a non-native English
speaker, I benefited a lot by learning presentation skills from the lecturer and my group members of four American students. I've also found the materials taught in a class on spreadsheet application to be extremely helpful for my career," Zenki said.
Established in 2006, the Li & Fung Scholarships program also organises a Leadership Conference each year, which Fung Scholars are invited to attend.
This year's conference, on the theme "Changing Leadership: The Role of Young Leaders in the Context of Globalization", was held in October and the speaker was Professor Richard Locke,
Professor of Management and Political Science at the Massachusetts Institute of Technology.
Top Management
Students Awarded
The second annual Outstanding Management Student Scholarship awards have been handed out to three top-performing students.
Chun-man Chan, Ho-yeung Liu and Ho-shun Ho, all Year 3 students, were this year's recipients.
They each received HK$3,000 and professional development support such as personal coaching by senior executives. They have also been named
Management Student Ambassadors to facilitate
faculty-student interactions.
The scholarship program was set up by the
Management Department in 2009 to recognize
and honor students with outstanding academic achievement. It is open to all management first-major students.
Views Exchange on
the RMB BOrld Market
The RMB bond market in Hong Kong has become a hot topic after McDonald's Corporation became the first foreign company to access the market, raising RMB 200 million in the summer of 2010.
That made it an ideal topic of discussion for the
HKUST Center for Asian Financial Markets.
Two experts were brought in to shed light on
the RMB bond market and possible future developments at a talk in November that was organised and moderated by Adjunct Associate
Professor Veronique Lafon-Vinais.
Standard Chartered Bank (HK) Ltd handled the McDonald's issuance and its representative, Mr
Tee Choon-hong, Managing Director and Regional Head of Capital Markets, North Asia, spoke on the
latest developments in internationalisation of the RMB and the importance of the McDonald's case.
Professor Jonathan Batten, Adjunct Professor of
Finance, gave an alternative perspective, arguing that while bond
market development is an essential next-step for Hong Kong, the RMB bond market is just a small next step. He
suggested Hong
Kong model itself on
the Australian-dollar foreign bond market.
Flying the Colors of New Cohort Communities
A new program for all business undergraduates has been launched to help create a sense of belonging among students and offer some fun to balance the academic rigors of school life.
The Business Cohort Community (BCC) groups students into 10 "Cohorts" - tightly connected
student-network learning communities, each named after a Nobel Laureate in Economic Science and represented by its own colour.
Each cohort has its own chiefs, captains and freshman representatives, and members participate in games, social activities and competitions that can earn points towards the Cohort Cup, which will be awarded to the top-scoring Cohort at
the end of each school year. and to help them discover friendship, character building and a sense of social responsibility," he Professor Leonard Cheng, Dean of the Business said.
School, said the BCC would enrich student learning. "High quality education takes place in an emotionally
satisfying context, where there is a strong sense of belonging. The Business Cohort Community aims to promote this sense of belonging among students
A
Global Field in CITI Competition
Top business students from the Asia-Pacific, North America and Europe participated in this year's Citi International Case Competition, which was organised by Citi Hong Kong and the HKUST Business School.
Cit
The undergraduate students were given 26 hours to present a creative and viable solution to strategic and managerial issues faced by the world's largest flight kitchen, Cathay Pacific Catering Services (HK) Ltd. They also made a site visit to the company.
j Jtion
e
rn
The Richard Ivey School of Business from the University of Western Ontario in Canada took first prize from a strong field of competitors.Students also came from leading universities in Hong Kong, China,
the US, Singapore, Japan, Korea, Finland,
The Netherlands, New
Zealand and Thailand.
Tops in Investment Research
Four students have nabbed the top prize in the HKSFA Investment Research Challenge and will proceed to a regional competition in Bali.
The local event was sponsored by the Hong Kong Society of Financial Analysts and required the students to research and analyze a listed company
to professional standards.
The HKUST team included Global Business students Cheney Cheng Ki Sum and Kenneth Heung Hop Sang, Quantitative Finance student
Venus Leung Yan Yu and Accounting student Kelvin Wong Pak Yiu, who researched Dynasty Fine Wines Group Ltd.
The regional competition will be held in Bali in February and will be followed by the Global Investment Research Challenge, to be held in Nebraska in April.
In
v
est
me
nt
HesecH
l,;11 v l l a l l e lentation & Aware
Professor Angela Ng, Associate Dean and Director of Undergraduate Programs, said: "We want students to live a more balanced and meaningful university life and we are trying to create a new culture - a fun and enjoyable one."
Ills
Management
Innovation Dead?"
An experienced industry executive and a Beta Gamma Sigma honoree shared his insights on the changing nature of management with our students at the Global Leadership Forum in October.
Dr Michael Chan, Executive Chairman of Cafe de Coral Holdings Ltd, spoke on the topic " Is Management Innovation Dead?" He argued that many of the classic management methods
were developed in the industrial age and
managers and leaders need to continuously adopt innovative management practices to keep up with the increasing demand for today's business environment.
This forum is organized for students of the Global Business program and members of the Beta Gamma Sigma HKUST Chapter, as a platform for them to share the insights of prominent community and business leaders.
Turnover in MS in Global Finance
A new group of MS in Global Finance (MSGF) students were welcomed while their predecessors bade farewell over two days in November.
The Class of 2009-10, comprising 45 students from 18 countries, gathered for a final ceremony on 23 November that was presided over by Dean Leonard Cheng and also attended by Professor Thomas Pugel, Vice Dean for Executive Programs of NYU Stern School of Business, and Professor Menachem Brenner, the Academic Director of MSGF of NYU Stern.
The MSGF is a joint degree program offered by HKUST Business School and NYU Stern and includes modules in Hong Kong, New York and Beijing.
The day after the closing ceremony, a welcoming ceremony was held for the fourth intake to the program led by Professor Steven DeKrey, Senior Associate Dean of the School, faculty from the Department of Finance and Professor Pugel and Professor Brenner. The Class of 2010-11 comprises 46 students from 17 countries.
A
Sweet Performance
A creative solution to an expansion proposal for a German ice-cream manufacturer earned high praise for a team of MBA students and the 1 st runner-up prize in the RSM Private Equity Case Competition held in The Netherlands.
The competition is the only one of its kind in Europe and HKUST was the only participant from outside the continent.
Kuldeep Chaudhury was one of the team members. "The judges said they were very impressed by
Entrepreneurial Spirit
Hong Kong and China are filled with entrepreneurs and people with ambitions to become entrepreneurs, including HKUST students and alumni. Nowhere was that more evident than at the first annual HKUST MBA Entrepreneurship Conference.
The conference was organised in October by the MBA Alumni Association in partnership with the Business School and The Entrepreneur Network (TEN), on the theme" Leveraging the China Market". More than 80 MBA EMBA and exchange students and alumni attended.
Rosetta Fong, the Co-founder and CEO of financial services firm Convoy, gave the keynote address on how her company
had grown and developed to launch its recent IPO.
Steven C. Book, Honorary Chairman of TEN and Chairman of Delbrouck Industries, spoke on "The
Entrepreneurial Mind".
There was also a panel discussion about possible strategies for start-ups and what it takes to succeed in China. This featured three successful business people - Samir Kumar of Sino Hero Foods Ltd, Pu Wang, Co-Founder and Co-CEO of XinTech BioScience Ltd, and Frank
F.
Yang, Director of the Board and Director of the Private Equity Fund, CCB International Asset Management Limited - the latter two being HKUST alumni.our understanding and our analysis of the market, and the creativity we applied in the investment strategy. "
They were narrowly beaten by London Business School. Six other business schools from Europe also participated in the event.
The students had been given seven days to prepare their presentations, which were given before a panel of industry professionals and academics who acted as an investment committee.
HKUST
trepreneur,
Commerce and Contracts
China is now the world's second largest economy, surpassing Japan, and with that comes an
expectation that enterprises honor the spirit as well as the letter of contracts.
These themes were at the centre of lively discussions at the San Jiang Forum organized
by the Business School in September with Radio-Television Hong Kong, Radio Guangdong and CBN Radio in Shanghai, which all broadcast the event. Dean Leonard Cheng spoke on how the world's economy is gradually shifting its focus eastward, pulled along by China's growing economy.
Serving the Business Community
Tailor-made learning programmes can helpcompanies train up staff in management skills specific to a firm's needs. That's what sanofi-aventis found at HKUST and they are coming back for more.
sanofi-aventis sent a group of their Asia-Pacific managers on a Management Development Program that was completed in March 2010. The outcome was so good that the company nominated another 25 regional talents to join a second training program running from August 2010 to February 2011.
They aren't the only ones to take advantage of HKUST's expertise. Arrow Asia launched a structured executive program called" ENGAGE!" for 25 of their senior managers in June. Their first session, on strategy, was held at HKUST campus. Individual academics in the Business School are also called on to share their insights. Professor Albert Ha, Head and Chair Professor of ISOM, spoke on creating competitive advantages through supply chain partnerships at the annual TNT Customer Forum held in Hong Kong in September.
New Adjunct Professor Wang Shi, who is Chairman of China Vanke Co Ltd, and Ronnie Chan, Chairman of Hang Lung Group, spoke on "Enterprises' road to success: the importance of honoring the spirit of business contracts", using real-life cases to make their points.
Both talks prompted lively questioning and responses from the audience. The forum is also a component in the HKUST EMBA for Chinese Executives Program. Professor Wang, who climbs mountains as a hobby and was named one of the top 25 most influential leaders in China Fortune (Chinese edition), was appointed an Adjunct Professor of that program in June.
Short Term Gains
The School's open-enrolment programs give executives the chance to boost their skills in short-term bursts that suit busy careers.Leading for Success is our flagship, 1 O-day program and in 2010 it attracted 39 seasoned business leaders, mostly general managers, vice presidents, directors or area managers, from 19 companies across the region.
The participants had deep experience in a diverse range of industries, such as banking and finance, property development, manufacturing, retail, logistics, recreation and charity, and public utilities, and were nominated by their firms to join the program.
The Business School also offers open-enrolment programs on management, marketing, finance, negotiation and wealth management.
Details of the 2011 program are available at our website, www.bm.ust.hk/ExecEd.
Calling for Customers
Th
e
Hong
Kong government want
s to
tight
en contro
ls on
direct market
ers by
cr
ea
ting more blocks
to
un
so
licited
ca
ll
s, a move th
at co
uld be deva
s
t
ating to th
e indu
s
try
. Professor Kai-Lung Hui
from th
e
Information
Syste
ms, Business
Stati
st
ics
and Operations
M
anagement
Departm
ent
argues
th
e sa
me aim
of
sto
pping unwanted ca
ll
s or
e-
s co
uld be ac
hi
eved through
less
dra
st
ic
meas
ures.
On 18 October 2010, the government proposed to strengthen personal data privacy protection under the Personal Data (Privacy) Ordinance (PDPO).
One area highlighted was direct marketing. The government proposes "to make it an offence if a
data user does not comply with the requirements
and subsequently uses the personal data for direct marketing purposes." This means that direct marketers, or any data users who collect and transfer personal data to a direct marketer, must seek consumers' consent before soliciting consumers.
[f adopted, this would be a great leap towards
tighter control from the current regulation. The government has been using a Do Not Call (DNC) Register to regulate pre-recorded telephone
solicitations, but it is largely ineffective because
most te[emarketers in Hong Kong use human callers to reach consumers. The proposed requirement of
explicit consent from consumers would be a huge
obstacle for the te[emarketers, and it could also be harmful to industry and consumer welfare.
Consider that direct marketers solicit consumers because they have a product or service to offer and some people make purchases through these solicitations. For example, in the past couple
of years [ have bought a HK$l ,500 hotel dining
package and some insurance products through telemarketing. [f [ had not been called, [ would never have known the existence of these products. The problem is that direct marketing can also create annoyance and inconvenience. Consumers receive telephone calls and spam e-mai[s that may not be of any interest to them. Worse still, hefty roaming
charges are incurred if consumers are travelling
abroad. Direct marketers ignore these problems
when soliciting consumers and, in economics term,
impose an "externa[ity" on them.
Balancing Industry and
Consumer Interests
When an externality exists, direct marketers tend to
send more solicitations than society would desire. This may explain why, today, we seem to receive
excessive telemarketing calls and spam e-mai[s.
Both the 18 October proposal and DNC Register aim to reduce such an externality by reducing direct marketing solicitations. These proposals lead to their
own problems, though.
The 18 October proposal requires direct marketers
to obtain consumer consent before sending out
solicitations. Since most direct marketers do not
have a store presence, they have to rely on their business partners (banks, retail stores, etc.), who
have direct contact with consumers, to obtain consent. [t is hardly feasible for these partners to list a[[ related direct marketers when they collect consumer data and consent. So, the effect of the 18 October proposal would be to significantly reduce the number of consumers reachable to direct marketers. [n fact, it may even kill the entire direct marketing industry.
Even a DNC Register could be harmful. Consumers
who register for DNC probably would not buy the marketed items even if te[emarketers could reach them so the DNC registrations in themselves would
not significantly affect profits. However, they have a subtle, indirect effect - they tell te[emarketers that the remaining consumers (not registered) are more likely to be interested in receiving telemarketing calls. According[y, te[emarketers may reckon the "yie[d" from them will be higher and so will be even more likely to call these consumers. Increased solicitations may then compel these otherwise-interested consumers to register for DNC. [n the extreme case, the market could degenerate - a[[ consumers register for DNC, leaving no one for te[emarketers to ca[1. The outcome could be similar to the 18 October proposal.
A IICaliers List
l lfor Filtering
These outcomes are undesirable to the economy
because the direct marketing industry would cease to function, and interested consumers would not get their products. What else can we do?
[ suggest abandoning both consumer consent and DNC, and instead adopting filtering. [f consumers can identify incoming solicitations, they can selectively respond (e.g., choosing not to answer a call from a bank, but one from a hotel or restaurant).
Direct marketers would not know whether the consumers were interested in their offering and therefore would not be able to make any inference on their "profitabi[ity". That means they would not excessively solicit consumers.
A "ca[[ers [ist" would facilitate such filtering. This list
would store the telephone numbers of marketers
and their company names/business natures.
Consumers could periodically download and update Based on:
Professor Kai-lung Hui
the list on the phonebooks of their fixed-line or mobile phones.
While at first glance, the callers list may seem analogous to the DNC Register, the underlying economics are different. Te[emarketers are no longer stopped from reaching out to consumers. Rather,
consumers can choose which te[emarketers they
wish to attend to. The underlying motivation
is filtering, not blocking.
One final note: while a DNC Register is feasible for telemarketing, a similar "do not emai[" register is almost doomed to fail because it would only serve as an excellent email address repository for
offshore spammers who are not governed by the
laws of Hong Kong. Instead, an "emai[ marketers [ist" similar to the callers would work we[1. [n both
cases, we could go one step further - instead of
having decentralized, individual lists, there should be a centralized, government-operated list.
Consumer Privacy and Marketing Avoidance: A Static Mode[
[[-Horn Hann, Kai-Lung Hui, Sang-Yong T. Lee, [van P.L. Png Management Science, Vol. 54, No.6, June 2008
Insights from an Activist
Hong Kong academics are well-placed to contribute
to the debate on Hong Kong's corporate governance
reform. That was the view of financial activist David
Webb, who outlined his arguments at a luncheon talk organised by the Business School.
Mr Webb is a retired investment banker who has
campaigned for better corporate governance in
Hong Kong for many years.
At the talk, he said academics could capitalise
on their independent status to engage with
corporations, politicians and the media. They could
also use their expertise and research findings to
make an impact on the policy-making process.
Mr Webb also operates a website - Webb-site.com
- that contains a wealth of corporate information that can facilitate academics in their research.
Case Writing Workshop
Case method is an effective form of business
administration education. According to a survey
and empirical study conducted by the Center for
Business Case Studies, the use of cases in MBA
courses has had a positive effect on the teaching evaluation, and both faculty and MBA students have revealed their strong preference toward quality cases from Asia.
In order to help faculty members develop case
writing skills, the Center for Business Case Studies
organized a one-and-a-half day workshop in
September, led by an award-winning case writer, Ms
Gerry Yemen of Darden School at the University of Virginia.
Ms Yemen, who has written more than 300 cases,
shared her expertise with over 60 academics from
Hong Kong, China, Singapore, Korea, and Thailand
at the Case Writing Workshop. She covered such
topics as interviewing techniques, how to frame the
case situation, copyright, new trends in business
case studies, and how to produce effective teaching
notes.
This event follows a Case Teaching Workshop held
in January 2010 that was attended by more than 50
educators from 16 institutions in the Asia-Pacific.
The two case workshops extend HKUSTs effort to
facilitate collaboration among Asia-Pacific business
schools.
Shanghai Expo Appearance
Professor Xu Yan from the ISOM Departmentjoined a panel of experts to shed light on the topic
of trusted identity during online transactions, at the
Hong Kong Smart City+ Forum.
The forum was one of the key events held during
the Shanghai Expo's Hong Kong week and also
included industrial pioneers and experts from Hong
Kong and the Mainland who came together to
discuss applications of radio frequency identification and public key infrastructure.
Professor Xu talked about the need for governments to formulate international standards and roles in identity
authentication, definition and interoperability, so there
could be a global trusted identities system in place.
Senior Teaching Fellow Appointed
A Welcome Start to the Year
New technologies, ever-higher standards of excellence and the switch to a four-year undergraduate
curriculum in Hong Kong in 2012 are
making university teaching a dynamic
and challenging task. With that in
mind, the School has appointed Professor
Elizabeth George as its first Senior
Teaching Fellow to
provide leadership
and guidance. Professor George has taught at the undergraduate, Masters, PhD and executive education levels,
and she won the HKUST Franklin
Teaching awards in 2007/2008. She
is also closely involved in teaching
initiatives and was recently also
named chair of the Outcome-Based
Education Task Force.
In her new position,
she will lead teaching and curriculum development, set up projects for teaching
innovation, mentor
new faculty and other
teachers, and contribute to the scholarship of
learning in the School.
New staff and new promotions marked the beginning of the 2010-11
academic year, a busy time of
fresh starts, re-acquaintances and
preparation for the work ahead.
For staff, one of the key events was a
Faculty Induction Program to welcome 17 new academics. They were given an overview of the
Business School's
vision and mission
by the Dean and a
rundown of career development possibilities, research support and teaching matters.
Professor Kalok Chan, Professor
J.
T.
Li and Professor ElizabethGeorge were on hand to share their
experiences and give their personal
insights into academic life at the School.
Administrative Appointments
Francis Lui, Professor of Economics, is appointed Head of the Department of Economics.
Jaideep Sengupta, Chair Professor of Marketing, is appointed Head of the Department of Marketing.
Sudipto Dasgupta, Chair Professor of Finance, is appointed Director of PhD Programs.
Emily Nason, Assistant Professor of Management, is appointed Director of the Global Business Program.
Alice Lo is appointed Head of Communications and External Affairs.
New Appointments
Associate Professor Marketing
Ralf van der Lans, PhD, Tilburg University. Research interests: Bayesian data analysis, eye movements, viral marketing, spatial models, visual marketing, online marketing.
Assistant Professors Economics
Yao Li, PhD, University of Western Ontario. Research interests: international trade, international macroeconomics.
Yuanchuan Lien, PhD, Stanford University. Research interests: microeconomic theory, applied microeconomic, experimental economics, market design, financial economics.
Xun Lu, PhD, University of California, San Diego. Research interests: econometric theory, applied econometrics.
Finance
ISOM
Yang K. Lu, PhD, Boston University. Research interests: information and learning in macroeconomics and finance, empirical macroeconomics and finance, time series econometrics. Xiaojian Zhao, PhD, University of Mannheim. Research interests: contract theory, economics and information, psychology and economics.
Xuewen Liu, PhD, London School of Economics and Political Science. Research interests: corporate finance, banking theory, financial institutions. Abhiroop Mukherjee, PhD, Yale University. Research interests: empirical asset pricing, behavioral finance, financial intermediation.
Kasper Meisner Nielsen, PhD, University of Copenhagen. Research interests: applied microeconometrics, corporate governance, entrepreneurial finance and private equity
investments, family and privateiy held firms, household finance.
Javad Nasiry, PhD, INSEAD.
Research interests: revenue management with behavioral
considerations, behavioral operations, supply chain management, healthcare management.
Hong Xu, PhD, University of Texas, Austin. Research interests: economics of IS, online reputation, social networks, auditing, mechanism design, game theory.
Adjunct Professors Management
Ali Beba, PhD, University of Tulsa, USA. Prof. Beba was Academic Director of the Center for Entrepreneurship at Ozyegin University. He has worked in industry, government and academia in Turkey, Europe and the US, and published six guidebooks for entrepreneurs. Shi Wang, Chairman of Board of Directors, China Yanke Co. Ltd. Prof. Wang is a highly successful business leader and was named one of the "25 Most Influential Business Leaders in China" by Fortune (Chinese Edition). He has also conquered the highest mountain peaks in all seven continents.
Po Chi Wu, PhD, Princeton University. Research Interests: innovation & entrepreneurship - challenges of growing and financing technology-based start-ups.
Adjunct Associate Professors Finance
Management
Marketing
Dennis Suk-Sun Chan, PhD, RMIT. Research Interests: accounting information and stock pricing, financial markets and institutions.
Karen Lee, DBA, University of Newcastle. Research Interests: leadership, change management, and knowledge management.
Oliver Zhao, PhD, University of Alberta. Research Interests: electronic commerce, online customer behavior, technology adoption, business intelligence, marketing intelligence/ CRM, data modeling, data
mining.
Visiting Assistant Professor
Economics
Wooyoung Lim, PhD, University
Visiting Scholar
Management
of Pittsburgh. Research interests:
microeconomic theory, game theory, experimental economics, industrial organ ization.
Mary Han, DBA Strathclyde. Research interests: strategic entrepreneurship, organizational adaptation, and international management.
Promotions
Professors Management
Prithviraj Chattopadhyay, PhD, University of Texas at Austin. Research interests: relational demography, managerial cognition and emotions, employment externalization.
Elizabeth George, PhD, University of Texas at Austin. Research interests: consequences of
employment externalization, diversity in organizations, individual role in institutional change.
Associate Professor Accounting
Kai Wai Hui, PhD, University of Oregon. Research interests: voluntary disclosures, executive compensation and contracting, financial reporting, earnings management.
