- Elizabeth Moore-Shay, business administration, was cited in The
Times of London. Her study demonstrating that girls are worse negotiators than boys
— perhaps because they aren't taught to express their wants, or to drive a hard
bargain — provided the lead for a feature story by writer Susan Gray.
- In April, Fortune magazine cited the research of finance faculty
Josef Lakonishok and Louis Chan which "found that
during losing months in the S&P, high-dividend companies outperformed the
lowest-dividend companies by an average of 2.2 percentage points."
- Lakonishok also made the pages of USA Today, in
a mid-July article when he took issue with the article's predictions for a continued bull
market. "There is a lot of optimism, a lot of maybe wishful thinking in this
market," Lakonishok countered. In June Lakonishok had made similar comments at the
Federal Reserve.
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R&D expenditures produce higher returns to shareholders."
- American Demographics tapped Brian Wansink and
Abbie Griffin, both business administration faculty, for a piece about brand
proliferation. "A shopper faced with too many products will not make a careful choice
because he or she is too bewildered," Wansink observed. Griffin noted that
"Consumers are driven to try new products if they meet a need better or solve a
problem better than the products that are currently available . . . or if the product adds
variety to the current selection."
- A piece about compulsive gambling, which appeared in The Houston Chronicle,
quoted John Kindt, business administration, who predicts that addiction
to gambling will continue to rise, right alongside the opportunities to gamble legally.
The
Telegraph Herald in Dubuque, quoted Kindt on free
food and gifts at slot clubs — he calls them "compulsive gambling
specials."
- The Economist took note of work co-authored by Kevin
Hallock, economics and labor and industrial relations. The research showed that
"bosses in union-free firms [in America] earn 20 percent more than those in similar
firms that are fully unionized." And in other countries, the ratios are even higher.
Hallock
also drew a mention in The Washington Times, which cited his study
showing that CEOs who sit on one another's boards get up to 17 percent more pay, and that
20 percent of the country's largest companies are "reciprocally interlocked."
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- Marianne Ferber, economics, was quoted in the Austin
American-Statesman, on a number of labor issues. She observed that the idea
that part-time jobs lead to full-time employment is a myth. Similarly, she disagreed with
the prevalent view that non-traditional workers — like contract employees and
independent contractors — are poorly paid. She noted that level of education is
"an important predictor of wages."
- Finance chair Morgan Lynge was interviewed by The Pantagraph for
an article on the upswing in small banking. Lynge described the trend as "a response
to those customers who don't want to deal with a larger, impersonalized bank." He
added, "I think these merger trends we've seen will continue. But Citicorp doesn't
want to own a little bank in Sidney."
- The Chicago Tribune talked to Peter Colwell,
director of the Office of Real Estate Research, about the rise of housing costs and how it
has affected the job market in real estate. "Where we once graduated people who went
into the real estate departments of major lenders, today's graduates are probably working
. . . as financial analysts who know about REITs and mortgaged-backed securities," he
observed.
- Finally, UIUC's fame as an institution has indeed spread far. According to the World
Education Report 1997, released by the Indian Institute of Science last
spring, the University of Illinois is the third top university in the world. The
institute's ratings are based on criteria including research funding, international
publications, faculty-student ratio, and admissions.
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