BizEd

SeptOct2010

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Associate Deans and Innovative Programs Conference November 1–3, 2010 | St. Pete Beach, Florida, USA Get Connected at the #1 Networking Event for Associate Deans and Curricula Managers This year's program is being shaped by you for you. The agenda features interactive sessions and speakers specifi cally requested by members. Join peers from schools of all sizes offering both graduate and undergraduate programs, to explore innovative curricula ideas, accreditation updates, tools for data management, and what it takes to be a successful associate dean. Save 200 USD—register before September 20 at www.aacsb.edu/adip. RESEARCH RECOGNITIONS n Wayne Cascio, the Robert H. Rey- nolds Chair in Global Leadership at the University of Colorado Den- ver's Business School, has won the Michael R. Losey Human Resources Research Award from the Society for Human Resource Management. Cascio received the $50,000 award for his research showing that cor- porate downsizing has little effect on profits—and sometimes makes matters worse when companies lose their best talent. n The paper "Why is PIN Priced?" has received the 2010 Fama-DFA Prize, which recognizes the year's best paper on capital markets and asset pricing published in the Journal of Financial Economics. The award went to authors and finance professors Jefferson Duarte of Rice University's Jones Graduate School of Management in Hous- ton, Texas, and Lance Young of the University of Washington Foster School of Business in Seattle. They found that the probability of informed trading (PIN) "is priced because it is a proxy for illiquidity unrelated to asym- metric information." Their paper appeared in the February 2009 issue; it is also available at ssrn. com/abstract=971197. n The American Accounting Asso- ciation has awarded its inaugural Distinguished Contribution to Accounting Literature Award to Patricia Dechow and Richard Sloan of the Haas School of Business at the University of California, Berkeley, and Amy Hutton of Boston College's Carroll School of Management in Massachusetts. They received the honor for their 1996 paper "Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC," which found that weak governance encourages firms to more frequently manipulate earn- ings to lower the short-run costs of raising new financing. n The American Real Estate Society awarded Glenn Mueller its 2010 Richard Ratcliff Award for his research on real estate market cycles. Mueller is a pro- fessor at the Franklin L. Burns School of Real Estate and Construction at the University of Denver's Daniels College of Business. n z BizEd SEPTEMBER/OCTOBER 2010 65

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