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News Briefs
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Foremost Financial Economist
and Inventor of the “Kyle Model” Joins Smith
School
Albert
“Pete” Kyle will join the school as the Charles
E. Smith Chair in Finance in July 2006. Kyle is
widely known as one of the premier financial
theorists of his generation. 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.
►Read More
Elections will open Tuesday,
Jan. 31 for the following positions with the
MBAA: President, Vice President of Career
Development, VP of Community Development and
VP of Marketing & Communications. Candidates
will present their platforms and debate
Tuesday afternoon. After this session voting
will begin and continue until 6 pm Sunday,
Feb. 5. Newly elected officers will be
announced Monday, Feb. 6.
Smith School Receives
Praise from AACSB International in Review
Process
After
an intense process, the review by AACSB
International is complete and the Smith
School has been accredited for another five
years. In the report, the strengths and
effective practices commended are:
1. Dean Frank has provided
dynamic, entrepreneurial leadership that has
led to growth in programs and generated
significant new financial resources for the
Smith School.
2. The growth and
development of the school has been guided by
a best in class strategic planning process.
3. The school has
established a consistent brand - "Leaders
for the Digital Economy" - that builds from
its strengths and distinctive competencies.
4. The netcentric research
labs - i.e. supply chain, financial markets,
electronic markets, behavioral - create an
integrated research and teaching environment
used by faculty and students across the
school's programs.
5. The Smith School has
adopted a process for developing research
centers focused on interdisciplinary issues
rooted in the concerns of the school's
academic departments.
For more information about
AACSB International visit:
http://www.aacsb.edu/
Smith To Offer MS in Accounting
Program
This month
the Smith School announced plans to offer
an Executive Master of Science (MS) in
Accounting program. The program will include
a focus on internal auditing – making it a
unique offering and well positioned to meet
a critical need for accountants with
advanced degrees and internal audit
specialization following the institution of
the Sarbanes Oxley Act.
►Read More
Dean Frank Visits Tunisia &
Gives Keynote Address at MSB Commencement
Dean
Howard Frank spent a week in Tunisia to
promote the development of educational and
business opportunities in the region, as
well as to deliver the keynote speech at the
Mediterranean School of Business (MSB)
commencement ceremony on January 4, at the
Technology Park of Al Ghazala in Tunis.
During his speech, Dr. Frank reminded
students of the challenges facing them as
future business leaders and offered insight
into staying competitive in a fast-changing
global, technology-driven economy.
►Read More
350 Business Leaders Graduate
from Smith
Robert Isaman ’85,
vice president, integration at UTC Fire & Security
(UTCFS), a division of United Technologies Corporation,
addressed a lively audience of Smith School graduates,
family members, friends, and Smith faculty and administrators
at the Smith School's winter commencement ceremony
on December 22, 2005. Isaman shared with students
the four attributes he felt were essential for success
in business and life.
►Read
More
Smith School Hosts Indian
Institute of Management (IIM) Conference
In December 2005, the Smith School
co-sponsored and hosted the Indian Institute
of Management (IIM) USA Inc. Mid-Atlantic
Conference 2005. The theme of the conference
was ‘Business Opportunities in a Globally
Networked Economy.’ The highlight of the
evening was the keynote address by Jerry Rao. Jerry Rao, CEO of BFL-Mphasis, has been
described by Thomas Friedman as being “at
the core of [this] business revolution that
has happened over the past few years”
►Read More

Van Munching Hall
Landscaping
Work on the landscaping project in front of
Van Munching Hall finished up last week!
►See photo archives
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Smith School in the News
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►ABC
World News Tonight – January 23, 2006 – The
Ford Motor Company announced that it will
close 14 facilities and lay off up to 30,000
workers, representing a quarter of its work
force. Peter Morici, business professor and
auto industry expert, appeared on national
television to comment on Ford’s outlook for
the future.
►Read More
►BusinessWeek
Online – January 19, 2006 –
Janet Richert,
managing director of the office of career
services, adds insight into an article that
points out an MBA can be a strong launching
pad into a new career as an entrepreneur.
►Read More
►Times
of London – January 10, 2006 – An article
takes a look at reforms put in by the
investment industry. Mark Chen, assistant
professor of finance, comments on one
controversial area – brokers pushing stocks
of companies their firm depends on for fees.
Chen’s research of financial information
from 232 companies found there was a strong
correlation between analysts’
recommendations and the degree to which the
Wall Street firm was dependent on a company
for fees. But there was no evidence that
this had any serious misleading effects on
investment behavior.
►Read More
►BusinessWeek
– January 7, 2006 – A special feature about
China’s growing MBA market includes a quote
from Scott Koerwer, associate dean of
professional programs and services, about
the importance of the China market, and
mention of Smith’s EMBA programs as among
the quality and successful programs offered
on the mainland.
►Read More
►Reuters
– January 6, 2006 – U.S. short-term interest
rate futures dealers continued to expect one
or two more rate hikes from the Federal
Reserve after a neutral December payrolls
report. Peter Morici, business professor,
provides an expert quote offering further
insight in to the impact on the U.S.
economy.
►Read More
►Read More from
Smith School in the News
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Faculty Up Front
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Dilip Madan, professor of finance,
has been selected to receive the
prestigious Humboldt Award. The award will
be presented by the President of the Federal
Republic of Germany in July 2006 in Berlin.
The Alexander von Humboldt Foundation grants
up to 100 Humboldt Research Awards annually
to scientists and scholars from abroad with
internationally recognized academic
qualifications. The research award honors
the academic achievements of the award
winner's lifetime.
Samer Faraj, associate professor of
information systems, has been appointed a
senior editor of Organization Science,
the top-tier organizational journal
published by INFORMS. His term will start in
April 2006. Samer joins Susan Taylor, who
already serves as a senior editor for this
respected journal.
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Smith Business
Close-Up on MPT
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Online “pop-up” ads: are
they really working?
As
online advertising becomes more and more
prevalent, these trends provide continued
optimism for online marketers. A common
practice among online advertisers is the
“pop-up” ad – an online ad that immediately
appears when an online visitor arrives at a
particular home page. Online consumers often
find this practice to be annoying. As a
result, these ads can be ineffective when it
comes to attracting new customers, and,
worse yet, may even cause visitors to exit
the site and possibly never return.
In this edition of
Smith Business Close-Up, Wendy Moe,
assistant professor of marketing will
discuss “pop-up” ads and consumers’
perceptions of them.
Smith Business Close-Up
can be seen bi-weekly on Maryland Public
Television's Business Connection. Watch
Wendy Moe Thursday, February 2 at 7:30 p.m.,
Friday, February 3, 6:00 a.m. and Sunday,
February 5 at 11:30 a.m. on public
television stations throughout Maryland and
the Washington, D.C., metropolitan region,
including:
- WMPB-TV (Ch. 67), Baltimore
- WMPT-TV (Ch. 22), DC
metro/Annapolis
- WCPB-TV (Ch. 28), Salisbury
- WFPT-TV (Ch. 62), Frederick
- WWPB-TV (Ch. 31), Hagerstown
- WGPT-TV (Ch. 36), Oakland
Have an idea for
Smith Business Close-Up? Contact Kathy Marmon at
kmarmon@rhsmith.umd.edu
(or at ext. 59568) to
discuss appearing in an
upcoming edition of Smith
Business Close-Up and to
make suggestions for a
future segment.
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Technology@Smith
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Blackboard News
Have you checked out the new public syllabus
view in Blackboard yet?
http://www.rhsmith.umd.edu/blackboard/syllabi.html
AV Upgrades in Original Wing
The original wing changes that occurred over the
winter break included the upgrade of the audio
visual systems in several classrooms to include
most of the same features as the classrooms in
the new wing.
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1. First Grad Pub of the Semester:
Friday, Jan. 27
2. Intramural Basketball Sign-ups Jan.
25-30
3. Grad Trip: Comedian Tommy Davidson at
the Improv Feb. 17
4. Free Healthy Breakfast: Feb. 7
5. Two Black History Month Travel Trips
Feb. 16 and Feb. 22
6. Earn Extra Money as a Social Event
Monitor
7. Volunteer Opportunities with the
Health Center
8. Learn How to Become a Fitness
Instructor
9. Fire Safety & Survival for Off-Campus
Students: Feb. 1
10. Provost's Conversations: Children
Left Behind, Feb. 9
11. Wellness Workshop: Managing
Procrastination, Feb. 7
12. Wellness Workshop: Herbal Medicine,
Feb. 21
13. Terrapin Health and Fitness
Challenge
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92,070 Brick Pavers
were used in the landscaping project at
Van Munching Hall
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Smith Newslink MBA
is a production of the Office of Marketing Communications in
cooperation with the Masters Programs Office.
Smith Media
Group
Editor
Priscilla Mwangi
MBA Candidate 2006
Webmaster
Mark Mulvanny
MBA Candidate 2007
Kenneth Ng
MBA Candidate 2006
Sachin Agarwal
MBA Candidate 2007
Aric Morrison
MBA Candidate 2006
Other Contributors:
Office of Marketing Communications
Office of Smith IT
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