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Kogod in the Media/October 2009


Faculty, Programs, & Quotes

Kogod Professor, Kent Baker’s article published in Textile Rental Magazine
H. Kent Baker, Professor of Finance and dean of the Executive Management Institute (EMI) recently published an article in Textile Rental magazine regarding the EMI training of exemplary industry leaders. Professor Baker conducts the entire first year of EMI and has served as dean since 1981. The EMI is a five-year educational program that consists of one week management education per year. EMI participants learn not only the latest management techniques, but they also gain fresh insights on topics in human resource management, finance, marketing and customer service. Additionally, during year III, they participate in a program that focuses on personal and interpersonal relationships. This year, the program relocated to Denton, TX for its August 9-13th sessions where 61 managers from 31 companies across the country and Puerto Rico were present. (10/09)

Kogod Professor Robin Lumsdaine Quoted in American Banker
Robin Lumsdaine, Crown Prince of Bahrain Professor of International Finance, was recently quoted in an American Banker article titled "Basel Rule on Trading to Force Capital Up". Lumsdaine was interviewed about a new study released yesterday by the Basel Committee on Banking Supervision estimating the impact of changes to the rules for computing regulatory capital requirements for banks' trading book portfolios. The results suggested sometimes large increases in the capital banks may need to hold in the future. "One thing that's worrying when you see such large increases is the implication that if this is where we think minimum regulatory capital requirements need to be, then gosh, some firms are pretty undercapitalized now," Lumsdaine stated. She was the lead for the Fed in a similar study done a few years ago with US banks (the Fourth Quantitative Impact Study, or QIS-4 as it was known.) 

In follow-up discussion, Lumsdaine added, "As we saw with QIS4, there is quite a lot of variation across firms and jurisdictions, even for a fairly stylized study. It is certainly useful to have a quantitative study but care should be taken not to interpret the results as a definitive statement of what the true impact will be for each firm and each country. For these impact studies, portfolios are held constant. How firms will actually fare under the new rules remains to be seen but one component of the impact will be the extent to which portfolio or business re-allocation occurs". View full article (10/16/09)

Kogod Associate Dean for Academic Programs Quoted in Washington Business Journal
Lawrence P. Ward, Associate Dean for Academic Programs was recently quoted in an article titled, "Area business graduate schools compete for the growing ranks of applicants" which discusses the current status of graduate school applications, mostly the full-time MBA. The article also focuses on what other local DC business schools are doing in terms of their marketing efforts to reach out to prospective students, current students and alumni. View full article (10/16/09)

Kogod Professor Robin Lumsdaine's Research Featured on Bloomberg
Research from Professor Lumsdaine's study entitled "What the Market Watched: Bloomberg News Stories and Bank Returns" was highlighted in the "What the Market Watched:  Bloomberg News and Bank Returns as the Financial Crisis Unfolded."  The Chart of the Day depicts Lumsdaine's results linking the stock return performance of the 30 largest US banks with the amount of readership interest in stories about these banks.  The study uses Bloomberg data from August 2007 to August 2008. (10/22/10)

Kogod Professor Robin Lumsdaine's Research Featured in MoneyWeek
Research by Robin Lumsdaine, Crown Prince of Bahrain Professor of International Finance, was recently the focus of a MoneyWeek article titled "Cash in on the Power of the Press." Lumsdaine's paper, "What the Market Watched: Bloomberg News Stories and Bank Returns as the Financial Crisis Unfolded" finds that among the 30 largest US banks, "firms whose news elicited higher readership suffered significantly lower returns than those that did not." The Moneyweek article highlights these results to discuss the subject of shorting stocks. In principle, the concept of selling stocks before you own them can be a very risky venture, especially during a recession. The article uses Lumsdaine's research to support the idea of determining which shares to short by reviewing a companies’ media coverage. Full Moneyweek Article. (10/23/09)

Washingtonian reports American University hosts 'Wine Guru' Gary Vaynerchuk
Gary Vaynerchuk’s visit to American University to promote his new book, Crush It! Why now is the Time to Cash In on Your Passion was reported in an article called “What’s Wine Blogger Gary Vaynerchuk Drinking These Days?” After emigrating from the former USSR to New Jersey, Vaynerchuk used both his wine skills, at his family liquor store, and social-media networks to catapult his brand into $60-million worth. Today, he has become a wine guru for some 350,000 followers on networks such as Twitter and more than 90,000 who tune to his webcast every day. Vaynerchuk spoke to American University students on the importance of Social networking, how it helped his business, and what they could do get more involved. View full article (10/29/09)

Hospitality Net reports on Kogod Students Selected for Cornell University Real Estate Case Competition
American University’s Kogod School of Business has been invited to participate in Cornell University’s Real Estate Case Competition along with six other prestigious universities. Students from the country’s top seven undergraduate real estate programs have received the opportunity to participate in a case competition on November 12, 2009.

Teams of six students will have four days to analyze and prepare investment recommendations for a case study. A panel of judges, comprised of senior real estate professionals, will judge the teams from the six schools on their investment recommendations, their approach to the problem, and their presentation skills. The teams will also be scored on their ability to answer questions posed by the judges. This is a great opportunity for American University students to build on their skills and enhance their experiences. The students who participate in this event "represent the future leaders of the real estate industry." View full article (10/29/09)