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December 2014

December 2014
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Reading list

BOOKS AND ARTICLES THAT MATTER

By Dean Andy Boynton

 

In his new book The Innovator’s Hypothesis, MIT research fellow Michael Schrage lobs a full-frontal assault on the belief that ideas are the essence of innovation. As someone who has contributed more than my share to what Schrage calls “the idea of ideas” and their importance to business innovation, I am surprised by the ferocity of this attack—and even more by how much I agree with it. Read more from Dean Andy Boynton »

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Top stories

 

JOSEPH E. CORCORAN CENTER FOR REAL ESTATE AND URBAN ACTION LAUNCHES

The center’s benefactor and namesake, Joseph E. Corcoran, is founder of the Corcoran Jennison Companies, a Boston-based property developer and manager of mixed-income communities. Read about the Carroll School’s newest center »

 

NEW CONSUMER INSIGHTS PANEL BOLSTERS RESEARCH

The Carroll School Marketing Department has established a Consumer Insights Panel (CIP) to help faculty better conduct on-campus surveys of human judgment, emotion, and consumer psychology. Led by Assistant Professors of Marketing Hristina Nikolova and Nailya Ordabayeva, the panel will bring together faculty with Boston College students or staff interested in participating in the surveys.  View a video of faculty members introducing the CIP »

 

CORPORATE CITIZENSHIP DELIVERS

Good corporate citizenship policies and practices help companies achieve their strategic goals and ultimately improve performance, according to a majority of executives who responded to a Center for Corporate Citizenship survey. View an infographic summarizing the “State of Corporate Citizenship 2014” »

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IBM CEO SAYS BUSINESSES WIN WITH BIG DATA

Businesses’ ability to capitalize on major trends in big data—including predictive analysis, cloud computing, and cybersecurity—will determine their rise and fall, IBM CEO Virginia M. Rometty told the October 22 Boston College Chief Executives Club. READ more from rometty »

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Faculty research

 

OPTION SMIRKS AS A PREDICTOR OF CRASH RISK

At Yale School of Management’s SOM Fall Accounting Conference, Professor of Accounting Amy P. Hutton presented “Crash Risk, Sentiment, and the Option Smirk Curve,” a working paper she coauthored with Associate Professor of Accounting Mark T. Bradshaw, Mario J. Gabelli Professor of Finance Alan J. Marcus, and Griffith Family Millennium Chair and Chairperson of the Finance Department Hassan Tehranian. The researchers found that when investor sentiment about a firm’s objective prospects is overly optimistic, future price corrections are more likely. At the same time, during such periods of unwarranted optimism, the option market actually generates below-average forecasts of firm-specific crash risk. Marcus also presented the paper at the OptionMetrics Research Conference in New York City. Read more about the link between investor sentiment, stock price crashes, and the smirk curve »

 

“ELASTIC COORDINATION” KEY TO ENHANCING CREATIVE GROUP WORK

Assistant Professor of Management and Organization Spencer H. Harrison and a coauthor observed modern dance group rehearsals to examine how the dancers worked individually and came together as a group to create work. They termed the integration of autonomy and group work “elastic coordination.” Their study, “Let’s Dance! Elastic Coordination in Creative Group Work: A Qualitative Study of Modern Dancers,” appeared in the Academy of Management Journal. read spencer  harrison's research »

 

LABOR RESEARCH INFORMS LAW

The National Labor Relations Board (NLRB) cited “The NLRB v. The Courts: Showdown over the Right to Collective Action in Workplace Disputes,” by Stephanie M. Greene, associate professor and chairperson of business law, and Christine O’Brien, professor of business law, in a recent decision in the case of Murphy Oil USA, Inc. and Sheila M. Hobson. The article is forthcoming in the American Business Law Journal. Read the NLRB decision »

 

More faculty research »

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Honors and awards

 

Assistant Professor of Marketing Nailya Ordabayeva won the 2014 Journal of Consumer Research Best Article Award for “Getting ahead of the Joneses: When Equality Increases Conspicuous Consumption among Bottom-Tier Consumers,” a 2011 article she coauthored with Pierre Chandon. View a list of JCR best article award winners »

 

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In the news

 

RETHINKING RETIREMENT: WORK LONGER, SAVE MORE, PASS ON LESS  

A Boston Globe business feature story on Alicia H. Munnell, Peter F. Drucker Professor of Management and Director of the Center for Retirement Research, showcased findings of her new book, Falling Short: The Coming Retirement Crisis and What to Do About It (Oxford University Press), calling it a “clarion call for new thinking and policies on retirement.” Munnell and her coauthors argue in the book that retirement security in the 21st century means working longer, saving more, and passing fewer assets on to heirs. Read the story on Alicia H. Munnell »

 

TRADERS LOOK FOR INDICATORS IN OBSCURE DATA SETS

Professor of Finance Ronnie Sadka was quoted in a Wall Street Journal MarketWatch article about entrepreneurs and startups who mine relatively obscure, untapped sources of information to feed to an expanding investor market. “There is so much correlation in returns in the asset management world that it’s becoming increasingly important to find ways to find new types of data,” he said. Read more about how companies are mining data »

 

SOCIAL BUSINESS IS CHANGING

“Being effective at social business is requiring greater sophistication across multiple digital domains,” Associate Professor of Information Systems Gerald C. (Jerry) Kane writes in his MIT Sloan Management Review blog. He points to digital trends such as data analysis, mobile or wearable technologies, and automated algorithms. Read more from Jerry Kane »

 

More faculty in the news »

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Competitions

 

Led by Accounting Lecturer Edward Taylor, Jonathan Carlson ’15, Rebecca Johnson ’17, Jennine Regan ’17, Katherine Scully ’15, and Kristina Scully ’17 received Regional Honorable Mention in the 2014 Deloitte FanTaxtic regional tax case study competition.