Amazon is looking for a place to locate its second headquarters, and some Emory students are pitching Atlanta
News from Emory University Goizueta Business School
“Cities around the country are buzzing about where Amazon will choose as the location for its second headquarters. In January, when the shortlist of 20 cities was announced and Atlanta made the cut, Emory seniors Georgia Kossoff, Sanjay Velappan, Grace Cleland, Anshuman Parikh and junior Ellen Shi were already working on a way to advocate for the city that has become their home.
“After reading a Wall Street Journal article in November 2017 that discussed the strengths and weaknesses of potential contenders, the students immediately recognized Atlanta as a clear fit for Amazon. That’s when they came up with the idea for #WhyAtlanta, a statewide student video campaign.
“After all, “Why Atlanta?” was a question the students had already asked themselves a few years earlier when deciding on where to embark on their undergraduate careers.”
Driven by a passion for the automotive industry, Josh Henry completed a First-Year Project with Ford Motor Co.
From Motorcycle Mechanic To MBA
News from Dartmouth College Tuck School of Business
“Motorcycle fanatic Josh Henry T’18 couldn’t believe his luck. Federico Minoli, a former CEO of Ducati, was planning a visit to Tuck.
“Minoli was planning to speak in a course taught by Giovanni Gavetti, associate professor of business administration, who previously authored a case study on the Italian motorcycle company.
“’Minoli is the godfather of modern Ducati,’ Josh says. ‘He helped to shape Ducati into what it is today.’”
Politicians’ Lies And The Power Of Imagination
News from London Business School
“Remember all the fuss over those inauguration photos? On the day that Donald Trump was officially sworn in as US president, the National Park Service tweeted photos comparing the crowd size at Trump’s inauguration to the larger crowd at former president Barack Obama’s 2009 inauguration. Trump had boasted that he’d get an ‘unbelievable, perhaps record-setting turnout’ – but he didn’t.
“Over the next few days, White House Press Secretary Sean Spicer falsely claimed that Trump’s crowd was ‘the largest audience to ever witness an inauguration, period.’ What happened next caught the interest of Daniel Effron, associate professor of organizational behavior at London Business School. At some point, Trump’s people stopped defending the literal truth of that claim and started implying that it would have been true, if only something had been different – for example, the inauguration would have been bigger if the weather had been nicer.
“’I found it very interesting that Trump’s spokespeople were making these statements about how the inauguration could have been bigger,’ says Dr. Effron. ‘This type of statement doesn’t change the literal truth of a false claim but, psychologically, it may bring the claim a little closer to the truth. Falsehoods that feel close to reality may be perceived as less dishonest when people imagine how they could have been true in alternative circumstances.’”
The Case For Investing In Green Companies
News from Northwestern University Kellogg School of Management
For investors focused on profit, investing in environmentally friendly firms may not seem like the most lucrative strategy. They may worry that adopting greener practices could hurt a company’s share price.
“’They can adapt better to these kinds of changes,’ says Ravi Jagannathan, a professor of finance at the Kellogg School of Management. ‘Firms that are truly doing better along those dimensions are safer.’”
Study: Dual-class firms have higher market valuations near time of IPO that drop over next 6 years
News from Notre Dame University Mendoza College of Business
“Facebook, Google, Comcast and Berkshire Hathaway are among a number of large companies that have dual-class stock structures, providing controlling shareholders with majority voting power despite owning a minority of total equity.
“For these dual-class firms, market valuations are higher early in their life cycles, while the valuation premium tends to disappear about six years after their IPOs, according to new research from the University of Notre Dame.
“The Life Cycle of Dual-Class Firms, released this month by the European Corporate Governance Institute, was co-authored by Martijn Cremers, Bernard J. Hank professor of finance in Notre Dame’s Mendoza College of Business, along with Beni Lauterbach from Bar-Ilan University and Anete Pajuste from the Stockholm School of Economics in Latvia.”
For Awards Honoring World’s Best Business Courses, Michigan Ross Wins More Than Any Other School
News from University of Michigan Ross School of Business
“The Aspen Institute — a well-respected education/policy organization — has named two Michigan Ross offerings to its annual list of exceptional business courses. Ross is the only school with more than one class on the list.
“The institute’s Business & Society Program presents its Ideas Worth Teaching Awards to ‘exceptional courses that inspire and equip future business leaders to tackle the issues of our time.’ The institute honored 20 courses from a record-setting number of nominees around the world. The winners included:
- Social Intrapreneurship: Leading Social Innovation in Organizations, an MBA elective taught by Jerry Davis and Chris White.
- Sustainable Business in Iceland, a 2017 Global Practicum course taught by Andrew Hoffman for undergraduate, Master of Management, and Master of Accounting students.
“’At a time when business leaders face intense scrutiny about their role in social issues, these award-winning faculty are bravely challenging the “norms” of what is taught in business school — and creating leaders who can navigate a highly uncertain environment,’ says Claire Preisser, associate director of Aspen BSP.”
Yale SOM Professor Kelly Shue
Building On Strength: Yale SOM’s Finance Faculty Expands
News from Yale SOM
“Observers in academia have noted a conspicuous flow of finance scholars heading toward Yale SOM recently. Over the last two years, four highly accomplished researchers have joined the finance faculty at Yale SOM as full professors. The senior hires include leaders in empirical asset pricing, behavioral finance, and financial econometrics, who have collectively published dozens of papers and garnered thousands of citations.
“What has drawn this caravan of star faculty to the Yale SOM finance group?
“According to several new and longstanding faculty, the answer has to do with the same qualities that have made the group an intellectual powerhouse across a wide range of topics in finance: a collaborative, entrepreneurial culture and a shared interest in rigorous inquiry into meaningful questions in finance. ‘We’re building strength on strength,’ says Andrew Metrick, the Janet L. Yellen Professor of Finance and Management, to describe how the new recruits fit in the group.”
Harvard Sustainability Report Marks Milestones
News from Harvard Business School
“When the switch was flipped on the new rooftop solar installation at 38 Oxford St. in 2017, it not only became the second-largest solar system at Harvard, it helped the University create more than 1.5 megawatts of solar energy on campus — enough to power 300 average-sized homes for a year.
“This and many other milestones are included in the 2017 Harvard Sustainability Report released earlier this month by the Office for Sustainability (OFS) documenting the University’s transformation to a healthier, fossil-fuel-free campus. The report, produced annually and available online, details the progress made toward the goals, standards, and commitments laid out in the Harvard Sustainability Plan adopted in 2014.
“’Our progress has illustrated the power of One Harvard collaboration,’ OFS director Heather Henriksen wrote in a message to the community. ‘It has proven that we are stronger when we work together across Schools, across disciplines, and across departments to generate new ideas, learn from each other, and, most importantly, to use our campus as a test bed for incubating and proving exciting new solutions that tackle climate and enhance public health.’”
Stern Admin Outlines Plan Of Action To Correct Inclusion, Diversity Issues
News from NYU Stern School of Business
“After a week of negative press, the Stern School of Business was forced to reevaluate school-wide policies relating to diversity and inclusion.
“In a four-page response letter addressed to the Student Senators Council, Stern Undergraduate Dean Raghu Sundaram, Vice Dean Elizabeth Morrison, Chief Diversity Officer Lisa Coleman and Associate Vice President Monroe France detailed concrete steps intended to fix the problems that have become the subject of university-wide conversation.
“Efforts from students clubs like Islamic Finance Group and Supporting Excellence and Advocating Diversity lead to a letter penned by the SSC on April 19, asking Stern officials for direct action in protection of marginalized students of color.”
Research Brief: Introduction Of Craigslist Increased Prostitution Across U.S.
News from University of Minnesota Carlson School of Management
“As Craigslist expanded across the United States, the free classifieds website also bolstered the sex industry, according to a new study by researchers at the University of Minnesota Carlson School of Management and the New York University Stern School of Business.
“The research, forthcoming in Information Systems Research, shows Craigslist’s entry into a county led to a 17.58 percent increase in prostitution cases.
“’This estimate, we believe, is likely to be a very conservative one,’ says Jason Chan, assistant professor of Information & Decision Sciences at the Carlson School.”
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