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Attracting and Retaining World-Class Faculty
The Smith faculty is the school’s greatest strength. Smith has added more
than 80 new faculty members over the past seven years, many of them coming
from the world’s premier research institutions. These men and women were
recruited for excellence in research and teaching and their ability to
advance the school’s netcentric agenda, which explores the ongoing
transformation of business through world-wide digital information networks.
In order to move from research excellence to greatness, however, the
Smith School of Business must continue to recruit internationally recognized
senior faculty and rising stars by dedicating increased resources to endowed
chairs and professorships. The school must also encourage existing
department capabilities by increasing funding for faculty research and
strengthening support systems for junior faculty.
Spotlight
The Smith School marketing department received a boost in 2000 with the
appointment of Roland Rust as the David Bruce Smith Chair in Marketing. A
renowned expert in the area of customer-focused marketing, Rust created a
center devoted to its study, the Center for Excellence in Service. His
prodigious scholarship has garnered many awards including the American
Marketing Association’s Gilbert A. Churchill Award for Lifetime Achievement
in Marketing Research and the Distinguished Marketing Scholar Award from the
Society for Marketing Advances. Rust’s
customer equity model has been adopted by three of the top 10
Fortune 500 companies as part of their marketing strategies. In 2008, Rust
was named distinguished university professor. The title is granted as a
formal title of the highest distinction by the university president. It
recognizes University of Maryland faculty who have earned exceptional merit
nationally and internationally for the importance of their scholarly and
creative achievements, contributions and service.
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Albert “Pete” Kyle
Charles E. Smith Chair in Finance
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Albert “Pete” Kyle, one of the foremost financial theorists in the world,
joined the Smith faculty in 2006 as the Charles E. Smith Chair in Finance.
He is best known for creating the “Kyle Model,” which provides a foundation
for the modern theory of market microstructure, a subfield of finance
dealing with the process of price formation in financial markets. Kyle’s
previous acquaintance with the school was a factor in his decision to join
the faculty. He says, “I knew almost all the members of the finance faculty
from meeting them at conferences and seminars and reading their work. Smith
professors are quite visible internationally.” The professor plans to take
special advantage of the school’s proximity to Washington, D.C., to explore
public policy issues relevant to his long-term research interests, including
the regulation of bank and non-bank financial intermediaries. Kyle joined
Smith after serving as professor of finance at the Fuqua School of Business.
Dr. Agarwal has published over 75 papers on information technology
management topics in journals. She also has has worked extensively with
Fortune 500 companies including 3M, Freddie Mac, Dow Chemicals, Rohm and
Haas, AstraZeneca, NCR, and others on a variety of research and consulting
engagements and made several presentations to groups of senior IT and
business executives. Recently she
gave testimony to the National Committee on Vital and Health Statistics
(NCVHS) where she discussed her research (with doctoral student Corey Angst
and CapMed) on early adopters of electronic personal health records, their
usage patterns, concerns about privacy, and the value patients derive from
this technology.
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