COLLEGE

F A C U L T Y  N E W S

Meet the New Faculty

It's a rite of autumn, welcoming new faculty members to the College of Commerce and Business Administration. Below is a list of new and visiting faculty in each of CBA's four departments.

Accountancy

One new faculty member has joined the Department of Accountancy, where there will also be three visiting faculty members during the 1998-99 academic year.

• Mark Peecher, associate professor, received doctoral, master's, and bachelor's degrees in accountancy from UIUC and has taught auditing standards and principles and introduction to accounting and financial reporting at the University of Washington. His research interests include the study of how auditors and others use accounting and other information to form judgments and make choices.

• Michael Sandretto, visiting associate professor, has taught at Notre Dame and Harvard. He has extensive corporate experience. As managing director of Investments Analytic in Granger, Indiana, he developed a new method of value and risk measurement, and also designed and supervised development of financial software products. He holds a Ph.D. in accountancy from UIUC, an MBA from Indiana University, and a B.S. in business administration from Greenville College.

• Robert Tucker, visiting associate professor, comes to UIUC from Northern Illinois University and has also served on the faculties of University of Illinois at Chicago and University of Wisconsin. He holds a Ph.D. in accounting from Florida State University, an M.S.A. from the University of Illinois at Chicago, an MBA from DePaul, and a B.S. in accountancy from UIUC. He earned an honorable mention on the CPA exam in 1996 by placing in the top one percent of exam scores nationwide.

• Rajib Doogar, visiting assistant professor, comes to U of I from the University of Notre Dame, where he has been on the faculty since 1994. A native of India, he holds a Ph.D. from Penn State, and LL.B. and B.Sc. degrees from Calcutta University. He has also served as a research assistant at Harvard Business School. His research interests include agency theory, audit markets, and international accounting. He has taught undergraduate courses in introductory and managerial accounting, quantitative methods in accounting, and corporate strategy.

Mark Peecher      Lorna Doucet     Jeffrey Krug

BUSINESS ADMINISTRATION

The Department of Business Administration is pleased to announce the hiring of four new assistant professors this year. Three visiting faculty members have also been engaged.

• Ruth Aguilera-Vaqués comes to U of I from Harvard University, where she received a Ph.D. and an A.M. in sociology. She also holds an M.A. with honors in economics from the University of Barcelona, and a diploma in business analysis from the University of Lancaster. Her research and teaching interests include organizational behavior, corporate governance, international management, economic sociology,
  and social networks.

• Lorna Doucet recently completed her Ph.D. in management at the University of Pennsylvania. In 1987, she graduated summa cum laude from the University of Ottawa with a bachelor's degree from the university's cooperative education program in chemical engineering and management. Among her research interests are emotion and information dynamics in service interactions; cross-national comparisons of affect, values, beliefs, goals, and conflict styles; and self-managed work teams.

• Jeffrey A. Krug brings to the CBA faculty a range of academic and global experience. He holds a Ph.D. in international management from Indiana University, as well as an M.S. in international business and a B.A. in economics, both from Penn State. He has also studied at the University of Vienna and the University of Cologne. He has served on the faculties of the University of Memphis, the College of William and Mary, and Indiana University, where he taught management and business, and has also been a German instructor at Penn State. His corporate experiences include positions with PepsiCo, Texas Instruments, the Austrian Postal Savings Bank, and Commerzbank AG, in Germany. His research interests include cross-border mergers and acquisitions, acquisition integration and performance, globalization effects, top management teams, and turnover effects.

• Mary J. Waller comes to CBA from the University of Wisconsin, where she had been on the faculty since 1995, teaching group dynamics, strategic management of innovation and technology, and project management. She holds a Ph.D. in organizational behavior from the University of Texas at Austin and an M.S. in management science from the University of Colorado at Denver. She also holds a B.B.A. in petroleum land management from the University of Oklahoma. Waller has worked in software management and instruction for Columbine Systems and Delta Air Lines, and was a land purchase and lease negotiator for Amoco Corporation. Her research interests include behavior and performance of work groups and teams, pacing and rhythmicity in group behavior, determinants of timing in groups, inter-group coordination, team-level human factors in complex systems, and managerial cognition.

• Visiting faculty in the Department of Business Administration for the 1998-99 academic year include Jong-Wong Park, visiting associate professor; Jackie Kacen, visiting assistant professor; and Bernard Simonin, visiting assistant professor.

Economics

Two new faculty and two visiting faculty appointments have been made in the Department of Economics for the 1998-99 academic year.

• In-Koo Cho has been named to the William S. Kinkead Distinguished Professorship in Economics. The first faculty member to hold the position, Cho is a native of Korea who comes to CBA from Brown University, where he was a professor of economics. He has also served on the faculties of the University of Pennsylvania and the University of Chicago. Cho holds a Ph.D. in economics from Princeton and a B.A. in economics from Seoul National University. An authority on gaming theory, he has published extensively in top economics journals and has been the recipient of a series of prestigious grants from such agencies as the National Science Foundation, the Sloan Foundation, and the Center for East Asian Studies.

• Yousef Al-Zamel has been appointed visiting scholar in the Department of Economics for the coming academic year. A native of Saudi Arabia, where he is a faculty member at King Saud University, Al-Zamel holds Ph.D. and M.A. degrees in economics from the University of Colorado, as well as a B.Sc. in economics from King Saud University and a B.A. in Islamic law from Imam Mohammad bin Saud Islamic University, also in Saudi Arabia. His areas of special interest include the Islamic economy, financial economics, money and banking, econometrics, and economic development.

• Stephanie So also joins the department, as a visiting assistant professor of economics. She holds a Ph.D. and M.A. in economics and an M.S. in public policy analysis from the University of Rochester. She also earned an A.B. in history from Princeton. Her specialties include international trade and finance and public finance.

• Cory Capps is a new lecturer in the department, and will assume the title of assistant professor when he completes his Ph.D. in economics from Northwestern this autumn. He is a Phi Beta Kappa graduate of the University of Texas at Austin, from which he holds an interdisciplinary B.A. in economics, math, and philosophy. Winner of Northwestern's Distinguished Teaching Assistant Award for two consecutive years (1996-97 and 1995-96), he specializes in industrial organization, with secondary interests in the economics of health care, applied econometrics, technological change, and information
  economics.

In-Koo Cho Cory Capps

Finance

The Department of Finance will host four visiting faculty members for the 1998-99 academic year.

• Dean Dudley, visiting professor, is a retired professor of finance who most recently taught
  at Eastern Illinois University. His specialty is corporate finance.

• J. Kenton Zumwalt, visiting professor, specializes in corporate finance. He is on leave from Colorado State University. This
  is a return visit for Zumwalt, who used to be on the CBA faculty.

• Gene Q. Ma, visiting assistant professor, is currently working on his Ph.D. at Cornell University.

• Stephen Peters, visiting assistant professor, is on the faculty of the University of Connecticut at Storrs. His areas of specialization include corporate finance and financial contracting.

W E L C O M E  T O  A L L !

Fair Rewards They are the first people you talk to when you phone the dean's office and the friendly faces that greet you when you stop by. But here are some of their other award-winning accomplishments. Janine Zimmerman (right) took second place in the baking division at the Champaign County Fair for her whole wheat bread. This was the first year she participated. Veteran participant and winner, Alice Althaus (left) took first place and best of show in the African violet class of "Blooming Plants." An accomplished photographer, Alice also took third and fourth place in the photography class. CONGRATULATIONS!

Promotions

Congratulations to the following faculty members, whose promotions are effective August 21, 1998:

• Theodore Sougiannis, to associate professor of accountancy;

• Madhubalan Viswanathan, to associate professor of business administration.

Retirements

Four long-time faculty members have announced their retirements from the College of Commerce and Business Administration.

• Richard Evans has retired from the Department of Business Administration, which he served as acting head, 1969-70. At UIUC since 1969, he retires as a professor of business administration, having previously served on the faculties of Case Western Reserve University, UCLA, and University of Michigan. Listed in Who's Who in America, he holds a doctorate from Johns Hopkins University and a bachelor's from Princeton.

• Charles Linke has retired from the CBA faculty and administration. Linke, who joined the Commerce faculty in 1966, was IBE Distinguished Professor of Finance and also dean of graduate and executive education when he retired. Although retired he continues to serve as Associate Dean for Executive Programs. A high-powered financial consultant specializing in the telecommunications industry, Linke maintains an impressive roster of clients, including Ameritech, Centel, NYNEX, Bell Atlantic, AT&T, NICOR, Sprint, and U.S. West. Winner of this year's Executive and Professional Development Award (see page 14), he is a two-time winner of the MBA Outstanding Teaching Award. He has also been recipient of the Commerce Alumni Association Excellence-in-Graduate-Teaching Award. Linke has served as a visiting professor at Nankai University in China and a faculty advisor to the State Universities Retirement System. He is also a member of the Board of Advisors to the Council on Economic Regulation in Washington, D.C. He holds D.B.A., MBA, and B.S. degrees from Indiana University.

• Peter Schran, professor of economics, retires after thirty-three years on the faculty at CBA, which he joined in 1965. Director of the Center for International Business Education and Research, 1992-95, and also of the Center for East Asian and Pacific Studies, 1979-87, he was on the faculty at Yale before coming to UIUC. Both his teaching and research have focused on China's economic development. He has served on the editorial boards of the Journal of Oriental Studies, Chinese Economic Studies, Republican China, and China Economic Review. Schran holds a Ph.D. in economics from the University of California-Berkeley, and a degree in political economy from the Free University of Berlin.

• Koji Taira, professor of economics and labor and industrial relations, is retiring from the university, where he has been a faculty member since 1970. Much honored both in this country and Japan, Taira specializes in research on the international political economy of a post-Cold War world order. He has served as consultant to the Okinawa Labor and Economic Research Institute, IBM, OECD, the ILO, and the United Nations. He earned his Ph.D. in economics from Stanford, M.A. in economics from the University of Wisconsin, and B.A. from the University of New Mexico.

Charles Linke    Peter Schran   Koji Taira

Noteworthy

While on sabbatical in Boston for the 1997-98 academic year, associate professor of economics John Conley founded the Association for Public Economic Theory and the Journal of Public Economic Theory. The association will be based at UIUC, as will the journal, which begins publication in January of 1999 and will be co-edited by Myrna Wooders of the University of Toronto.

• Professor of Finance Stephen P. D'Arcy is president-elect of the American Risk and Insurance Association.

• Professor of Finance Joseph E. Finnerty has been elected vice president-awards for the Financial Management Association International.

• Following an open competition for the post, professor of business administration Abbie Griffin has been named editor of the Journal of Product Innovation Management. Published by the Product Development Management Association, the journal deals with marketing, entrepreneurship, operations management, organizational behavior, and the management of technology, and is considered the top academic publication in new product development.

• Bob Halperin, visiting professor of accountancy, has been cited for his article, "U.S. Income Tax Transfer Pricing Rules for Intangibles as Approximations of Arm's Length Pricing," Written with B. Srinidhi, the piece appeared in the January 1996 issue of The Accounting Review, and has garnered the Highest Quality Rating from ANBAR Electronic Intelligence.

• Runner-up for the Best Paper Award in the Technology and Innovation Management Division of the Academy of Management Conference has gone to assistant professor of business administration Nile Hatch, for "Investing in Learning Capital: Enhancing the Rate of Learning in Semiconductor Manufacturing." The paper was presented at the 1997 Academy of Management Conference in Boston.

• Huseyin Leblibici, professor of business administration, has been named director of the Office of Business Innovation and Entrepreneurship (OBIE). "My basic objective is to raise funds to increase research and teaching activities in this area," he explains. Noting that, throughout the U.S., there are many academic centers devoted to the study of entrepreneurship, Leblibici says he plans to give OBIE a special edge "by focusing on the role of venture capital in innovation and entrepreneurship." "On the East Coast and the West, there's a lot being done with venture capital, but not in the Midwest. Our research may help to change that. We'd like to attract venture capital by showing the kind of talent we have here." He notes further: "With venture capital becoming a profession, there's a need for training."

• Professor of business administration Michael Shaw has been elected to represent six colleges of INFORMS, the International Federation for Operations Research and Management Science. Shaw will represent a membership totaling 2,800. His appointment lasts three years.

• Howard Thomas, dean and James F. Towey Distinguished Professor of Strategic Management, has been elected vice chair of the GMAC board of directors. In June 1999 he will become chair.

• Cynthia Turner, assistant professor of accountancy, has been honored by her alma mater, North Carolina A&T State University, as its 1998 Distinguished Alumnus. Turner, who has been on the CBA faculty since 1995, was presented with the award at the National Association for Equal Opportunity in Higher Education (NAFEO) Conference in Washington, D.C., in April.

• Dick Ziegler, who is Grant Thornton Associate Professor of Accountancy, has been appointed chair of the American Accounting Association National Committee on Professional Examinations.