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Beyond Grey Pinstripes

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San Francisco State U. College of Business

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San Francisco State U. College of Business 1600 Holloway Avenue
San Francisco, CA, 94132
United States
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Demographic Information

Number of full-time MBA students (2011): 

60

Number of part-time MBA students (2011): 

100

Total duration of full-time MBA program: 

24 months

MBA faculty (Fall 2010): 

122

Females as percent of student body: 

50%
Who Are the Students? See what percentage of the 2010-2011 graduating class came to this MBA program from the private sector, the non-profit sector and government jobs
 
Private Sector (65%)
 
Non-profit (15%)
 
Government (20%)


  • School Information
  • Courses
  • Outside the Classroom
  • Faculty Research

Description of MBA Program: 

San Francisco State University’s College of Business MBA program continues to build its capacity to help students learn how to innovate and exercise leadership in social and environmentally sustainable business practices. The program has included a required course covering the legal, ethical, social, and political environments of business for the past 25 years. An elective in ‘business management and environmental leadership’ has been offered yearly since 1995.

 

The College of Business Emphasis in Sustainable Business was introduced in the spring semester of 2007. To successfully complete the Emphasis, students take five classes in the area of sustainable business in addition to the rigorous MBA core courses.

 

The Sustainable Business Emphasis is supported by a committed group of five tenure-track faculty who teach and conduct research in the area, along with several supporting faculty from other business disciplines. Their sustainability research has appeared in book chapters and in journals such as Business Strategy and the Environment, Ecological Economics, Accounting and Public Policy, Business & Society Review, Progress in Industrial Ecology, Human Ecology Review, Journal of Cleaner Production, Journal of Business Ethics and the International Journal of Innovation and Sustainable Development. Their sustainable business case studies finished in 4th (2005) and 3rd (2006) place in the annual OIKOS competition, and have been adopted by textbooks in strategic management (Strategic Management: Concepts and Cases - 12th ed., by Thompson & Strickland, 2006), business and society (Business and Society: Stakeholders, Ethics, Public Policy - 12th ed. by Lawrence & Weber, 2007) and environmental management (Environmental Management: Readings and Cases – 2nd ed. By Mike Russo).

 

These faculty advisors are also engaged in an effort to infuse sustainability concepts and case studies throughout the entire MBA curriculum, by offering workshops and actively sharing teaching materials and methods relevant to functional business specialties. In support of these efforts, the College of Business sponsors Ethics Week every fall semester. A majority of the faculty address ethical issues relevant to their functional specialties in classes that week, through lectures, case studies, simulations, or guest speakers from industry and non-profit organizations.



How does the MBA program 'walk the talk' of social and environmental impact?: 

San Francisco State University founded its Campus Wide Sustainability Committee in the fall of 2008. The Committee assists the University in monitoring its relationship with the environment and in establishing sustainability as a fundamental consideration in meeting the varied and complex needs of our growing campus. The committee encourages campus improvements in sustainability by identifying and promoting, as appropriate, private sector and higher education institutional best practices and new sustainability technologies. The committee will work with University administrative, academic and academic support units as well as faculty, students, staff, and administrators to stimulate discussion and ideas to facilitate the adoption of practices, policies and projects designed to improve the future environmental, social and economic sustainability of the campus community.

 

Many of SF State’s initiatives are focusing on making the campus more sustainable. These new sustainability initiatives include reducing energy and water usage, increasing waste diversion, creating more alternative transportation options, offering sustainable dining choices, implementing green cleaning, offering eco housing, purchasing environmentally preferred products and planting native species. SF State committed to climate neutrality when President Corrigan signed the American College and University Presidents' Climate Commitment (ACUPCC) in May of 2007.

Academic Department

  • Accounting
    10 items
  • Marketing
    7 items
  • IT & Information Systems
    5 items
  • Finance
    5 items
  • Production and Operations
    4 items
  • Management
    4 items
  • International Management
    3 items
  • CSR/Business Ethics
    2 items
  • Strategy
    2 items
  • Entrepreneurship
    2 items
  • Economics
    1 items
  • Environmental Management
    1 items
Course Name: Accounting Information Systems
Instructor: Mark Landis

Core concepts in ACCT 807 are internal controls which ensure the integrity of financial reports and business records. Thus, a large portion of time is spent discussing how to prevent fraud by designing and implementing controls, how to detect fraud, and how fraudulent activities affect financial records. Risks borne by the company due to weak internal control: Asset destruction, Asset theft, Corruption of the system, Disruption of the system. We discuss the Sources of exposure: Active and deliberate threats (fraudulent accounting practices, embezzlement, sabotage) and Passive and unintentional threats (erroneous accounting, poor management decision-making, business interruptions). Additionally, two lectures are devoted explicitly to ethical issues (about 2.5 hours per lecture): the history of Sarbanes-Oxley and the large-scale frauds that led to its passage, and comparing and contrasting fraud and earnings management. Both of these lectures involve in-depth discussion of ethical issues in accounting.

Course Name: Auditing Principles and Practic
Instructor: Mike Braswell

This graduate auditing course is inherently focused on ethics and integrity as CPAs are supposed to provide independent, objective analysis of the credibility of companies’ financial reports. Therefore, nearly all topics covered in the course are based on the premise that auditors’ professional skepticism is grounded in its testing of whether or not financial statements are compiled with integrity or whether management has mislead investors with inaccurate financial disclosures. This course is qualitative in nature, so numerical, quantitative problems are not commonly relied upon. These are operationalized through class discussion of the readings using Power Point slides. The professional standards (e.g. GAAS - Generally Accepted Auditing Standards; PCAOB) that CPAs must adhere to require that auditors maintain independence from their clients so that the assessment of the integrity of financial statements by the auditors will have credibility with financial statement users who seek transparent financial statements. Specifically, auditors must not own stock of companies that are also clients. They individual CPA cannot negotiate job offers from a company that the auditor is currently auditing. Another internal ethical dilemma often faced by auditors relates to whether they bill the client properly for the services actually performed.

Course Name: Brand Management
Instructor: Subodh Bhat

This course focuses on strategies for building and maintaining brands. The course addresses theories concerning consumer responses to brands and brand strategies. Topics discussed include the harm to brands from boycotts, consumer campaigns motivated by the ethical and social conduct of the firm and un-branding (a marketer sending a celebrity they don't want using their brand a free competitor's product), effects of counterfeiting, ethics of lookalike brands, social, ethical and privacy issues related to brand measurement through neurological and body tracking methods.

Course Name: Business Management and Environmental Leadership
Instructor: Tom Thomas, Peter Melhus

This seminar is for students interested in the impact of business organizations on the natural environment and the types of approaches businesses are taking and can take to effectively respond to environmental issues. Students taking this course will be better prepared to assist organizations in incorporating environmental considerations into their decision-making. We ask, and attempt to answer, a number of challenging questions over the course of the semester:

- What are the most serious environmental problems we face, and how are companies contributing to the problems?

- What can businesses do to respond to these environmental problems?

- Why should they take action and how far should they go?

- What are the barriers or constraints to managing businesses in a sustainable manner?

- What about companies that have already embarked on a path of proactive environmental responsiveness - what approaches and practices are they pursuing, and what can we learn from them?

- What new business opportunities are being created by the need to shift toward sustainable business management?

- What are the respective roles that should be played by business, government, non-governmental organizations and educational institutions in creating a sustainable economy?

Course Name: Business Process Management
Instructor: Sam Gill

This seminar focuses on the design of business processes and their implementation through change management. The focus is on the modeling and analysis of business processes and the (re)design and implementation of information systems that enable them. Students learn business modeling languages and techniques, and apply them to “real world” scenarios in hands-on projects.

There is in-depth coverage of ethical standards for business process management. The course explores difference between legal/compliance and ethical/moral standards in relation to BPM. Four short scenarios that have ethical implications are discussed.

Course Name: E-Commerce Systems
Instructor: Rob Nickerson

This course examines information systems that provide electronic commerce support for an organization. The course covers e-commerce concepts, types of e-commerce, e-commerce models, the technology used in e-commerce systems, and the planning, design, implementation of e-commerce systems.

Topics covered include: Privacy issues and implications for protecting customer information as well as ethical and privacy issues associated with mobile computing, wherein customer location can be tracked. A theme throughout the course is the changing face of commerce due to e-commerce and the concomitant impacts on society; for example, the environmental impacts of less driving and reduced investment in conventional brick and mortar facilities.

Course Name: Economics for Managers
Instructor: Ed Ericson

This class focuses on improving the economic welfare and reducing the poverty of individuals, organizations, countries and the world by analyzing economic forces at varying levels of complexity for the purposes of economic efficiency and equity. This course is conducted at the “intermediate” level of both micro and macro economics and assumes a literacy level of economic principles and mathematics.

Limitations and weaknesses of focusing on economic welfare are stressed, e.g. GDP per capita is not a good measure of citizen welfare.

Principles are introduced at the individual, organization, country and nation-state decision-making levels. Examples include: “natural” (sustainable) economic growth, unemployment and inflation analyses of the commodity and monetary sectors (IS/LM) also to meet stabilization and development goals. For example, world-wide income distribution has become more even with the recent economic growth of India and China. World organizations set goals politically and economics provides the most efficient methods of achieving such goals. Clean energy may be encouraged by subsidies; climate-harming carbon emissions are most efficiently addressed by tax; income redistribution is most efficiently addressed by a negative income tax.

Course Name: Ethics in Decision Making
Instructor: Will Weinstein

This course is dedicated to identifying and solving real world ethical dilemmas present in daily life. It examines business ethics in the current environment with special emphasis on Tyco, Enron, Worldcom, Imclone and Adelphia. Corporate governance and Sarbanes Oxley receive special attention both from industry experts and the instructor who has many years of direct involvement in this arena. Case studies are drawn from real life examples of ethical failures and successes. Knowledgeable guest speakers from business, law and medicine interact with the class. In addition, videotapes of prior guests’ appearances, small group discussions and contemporary films addressing ethical issues complement the readings. Large and small group discussions of these issues, as well as a thorough examination and evaluation of various decision making models are tools that students can use to help them solve ethical dilemmas they regularly confront.

Course Name: Federal tax Accounting
Instructor: George Frankel

This Intro to Federal Tax course covers ethical components in failures to report financial components (e.g. IRS /regulatory), cheating, meeting client needs vs. client requests regarding financial disclosures of their accounting and financial data, joint reporting issues regarding registered domestic and/or gay partners, and socioeconomic challenges in financial reporting.

Course Name: Financial Accounting
Instructor: John O'Shaughnessy, Joanne Duke

Survey course of financial accounting includes relevant standards and concepts regarding the preparation and use of financial statements and the measurement and reporting of financial information to external parties. Specific ethical content is included in readings and discussions regarding Internal Control, Fraud, Risks and Controls as qualitative judgments. Discussions include Enron, WorldCom, and Tyco frauds and the subsequent impact on corporate financial reporting required by the Sarbanes-Oxley Act. There is also internal control, fraud prevention and detection discussions for each of the major asset and liability categories. Internal control topics include segregation of duties and functions (specifically recording vs. custody vs. transaction authorization in each accounting process) and independent checks on performance (such as cash, accounts receivable and inventory reconciliations, and the internal audit function).

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Type of Offering

  • Extracurriculars
    1 items
  • Institutes and Centers
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  • Student Clubs
    1 items
Business Ethics Week
Type: Annual College Wide Event

In its fifth successive year, Business Ethics Week reaches over 4,000 graduate and undergraduate business students at SF State's College of Business. Regional and national business experts reinforce business ethics and sustainable business as an institutional force for positive change relationships with society and the environment. Over 50% of the MBA faculty use ethics and sustainable business exercises, case studies, discussions, student panels or invited speakers during this event to build on respective course content. Since its inception in 2006, industry experts in ethics, sustainable social and environmental business practices from Genentech, Salesforce.com Foundation, Starbucks, HP, and the GAP have served on student-led panels focused on topics such as global workforce and environmental impact challenges facing multinational corporations. These co-panelist discussions have been highly interactive, and in Fall 2010 one such panel was broadcast live via video feed to the College of business website for greater accessibility for students, faculty, university staff and the general public. A wide variety of open classroom discussions led by faculty and students have focused on such topics as institutional investing in sustainable companies, bribery, accounting fraud, supply chain responsibilities, international human relations issues in global commerce, intellectual property violations, privacy and the internet, ethics in the hospitality industry, product marketing, mortgage lending practices, disability access in the workforce, and more.

Center for Ethical and Sustainable Business
Business School Housing? Yes
Number of Faculty: 5
Contact Name: Murray Silverman
Contact Email: msilver@sfsu.edu

San Francisco State University’s College of Business (COB) aims to become a regional catalyst in assisting the local business community on its journey toward sustainability, in developing future business leaders who will be knowledgeable and committed add

Net Impact Chapter

Net Impact is a global network of MBA's and professionals with 200 chapters on six continents including 80 graduate schools. Their mission is "to improve the world by growing and strengthening a network of new leaders who are using the power of business to make a positive net social, environmental, and economic impact." San Francisco State's chapter of Net Impact was formed in 2001 and has approximately 30 members.

A Theory of Entrepreneurial Learning from Performance Errors.
Author(s): Petkova, A

This paper develops a theory of entrepreneurial learning from performance errors. The paper explains how entrepreneurs generate outcomes, and based on these, detect and correct errors in their own knowledge about the activities involved in creating and operating a new venture. The model developed in this paper reflects the major cognitive functions leading to outcome generation, error detection and error correction. We draw testable propositions about the effects of entrepreneurs’ domain-specific knowledge and cognitive ability on each stage of the learning process, which ultimately determine how much the entrepreneurs can learn from a given performance error. (key sustainability dimension: social impact - entrepreneurial cognition in new markets; a model of entrepreneurial learning to balance the requirements of generalized and specialized knowledge in new market domains; for example: this model is useful for new technology ventures in the clean tech space)

Journal Title: International Entrepreneurship and Management Journal. Volume: 5 Edition: 4 Page Numbers: 345-367
An Exploratory Study on Organizational Adjustments due to Green IT
Author(s): Sayeed, L; Gill,S

The objective of this study is to empirically explore the impact of the implementation of Green IT measures on organisational resources. To this end, this paper integrates two streams of research: (1) the adoption of Green IT measures and (2) the resource-based view of a firm. The findings suggest that organisations had to reconfigure their IT and non-IT resources in order to implement Green IT initiatives. Moreover, two organisations in our sample of ten have been successful in mobilising their resources by offering new products and services as a result of implementing Green IT. The findings also indicate that organisation-wide awareness and support of Green IT are critical to initiating strategic actions in this area.

Journal Title: International Journal of Management and Enterprise Development Volume: 9 Edition: 3 Page Numbers: 233-250
An Investigation of Consumer Brand Choice Behavior Across Different Retail Formats
Author(s): Wang, D

In this research, we use a unique scanner panel dataset to investigate how brand choice behavior varies for the same consumer shopping for the same brand across different retail formats. We develop hypotheses pertaining to promotion sensitivity, price sensitivity, package size preference, and effects of demographic and shopping variables on consumer brand choice behavior and test them using a multi-format probit choice model that allows for the estimation of the cross-format differences with respect to the above. We find that consumers exhibit different promotion and price sensitivities in brand choice behavior between the mass merchandise format and supermarkets. (key sustainability dimensions: niche marketing impact on business strategy and target markets; different retail formats have sustainability implications for new IT markets to reduce environmental impact and increase social welfare.)

Journal Title: Journal of Marketing Channels Volume: 17 Edition: 3 Page Numbers: 219-242
Celebrity Endorsements in Advertisements and Consumer Perceptions: A Cross-Cultural Study.
Author(s): Hussain, M; O'Donnell, K

We studied consumer perceptions of celebrity endorsements from a cross-cultural perspective. In empirically examining consumer perception of celebrity endorsement, we used Hofstede's cultural dimensions to develop research propositions and examined these propositions through focus group discussions involving consumers from India and the United States. Findings indicated that specific differences and similarities exist in how consumers across India and the United States perceive celebrity endorsements. There is a positive, although moderate, impact of celebrity endorsements on attention and exposure of consumers. Implications for marketers as well as suggestions for future research are discussed. (key sustainability dimension: social marketing, cultural impacts of advertising, cause-related marketing, niche marketing impact on business strategy and target markets.)

Journal Title: Journal of Global Marketing Volume: 22 Edition: 2 Page Numbers: 121-137
Corporate social performance and financial-based brand equity
Author(s): Wang, D

This research offers a new perspective that looks at corporate social responsibility as a source and outcome of brand equity. The paper is the first empirical study that tests the interrelationship between social performance and financial-based brand equity. The work offers global managers an improved understanding on how social responsibility relates to brand equity. Managers can increase brand equity by using corporate social responsibility as a strategic tool for positioning differentiation. To maintain competitive parity in social positioning and preserve brand equity, very large firms will likely need to ensure that they achieve comparable social performance as their global peer competitors.

Journal Title: Journal of Product & Brand Management Volume: 19 Edition: 5 Page Numbers: 335-345
Culture and industrial relations: A comparison of the United States, Germany, and China.
Author(s): Yang, N

This study is focused on workplace grassroots democracy and labor market governance, with special attention to the United States, Germany, and China. Based on literature review and through country-firm specific cases, the study builds up an argument and further demonstrates that different models of workplace grassroots democracy exist as practical as culturally bound. The study provides an in-depth analysis of cross-cultural differences and trends in unionization in the context of rapid socioeconomic changes. Key factors examined include different concepts and ideologies about labor unions and labor movement, variations in collective bargaining practices and coverage, changes in union memberships and objectives, and multinationals’ approaches to the organized labor. Unions’ adaptation in fast growing economies such as found in China presents an unprecedented opportunity to establish collective bargaining and cross-border collaboration as an effective tool for labor market governance and social justice. Implications for future research are discussed and suggestions for effective conflict resolution provided.

Journal Title: Global Business and Economics Anthology Volume: 14 Edition: 1 Page Numbers: 31-40
Decision Modeling in the Classroom
Author(s): Usowicz, T

This paper examines ethical decision making as a major concern in business and society in general. The models used for ethical decision making tend to be scripts and case study orientated. The question of how to educate students in the art and science of decision making motivated our investigation. The Management Information Systems (MIS) course was appropriate for this study because one of its major purposes was decision making and decision modeling. Evaluation of the decision modeling effort and cooperative discussion boards was students' understanding of information systems concepts. Additionally understanding the principles and axioms of decision making was an outcome measure for decision modeling.

Journal Title: Review of Business Research, College of Business, Jackson State University Volume: Edition: Page Numbers: Can't find
Effects of Underwriters, Venture Capital and Industry on Long-Term IPO Performance.
Author(s): Su, Y

This paper is focused on financial governance and the long term performance of entrepreneurial ventures. The purpose of this paper is to examine whether the choice of underwriters, venture capital (VC) support, industry and their interactions have any impact on the long-term performance of initial public offerings (IPOs).

The article addresses the following aspects of Social impact management: Impact of investor incentives, changing nature and role of shareholders, and trends of corporate governance.

Journal Title: Managerial Finance Volume: 35 Edition: 8 Page Numbers: 700-715
Entry for Supermarket Me-Too Brands: An Empirical Explanation of Incidence and Timing.
Author(s): Sinapuelas, I

This article looks at the effect of marketing brands in a highly competitive environment and has direct application to new products and services in entrepreneurship. Anticipating the speed of market entry can help the feature pioneer and me-too brands develop more informed product launch strategies. This paper explains imitation speed, broken down into the incidence and timing of imitation, across 144 imitators and 847 nonimitators in 22 consumer packaged goods subcategories. On average, it takes 85 weeks for a me-too brand to introduce its feature imitation. Increasing category market share increases the incidence of imitation and, conditional on their occurrence, decreases the time to market of feature imitators. Faster entry arises for store brands as they are more likely to imitate and tend to take shorter times to market. Price premium does not have a significant effect on the incidence or timing of a me-too brand as it tends to dissipate after the first year. Brands imitate innovative features more often than noninnovative features. Some evidence indicates these imitators can take a longer time to enter the market. New product managers may benefit from the direction as well as the magnitude of these results.

The article addresses social impact management: Impacts of product development/design/pricing on consumers, Niche marketing impact on business strategy and target markets.

Journal Title: Marketing Letters Volume: 20 Edition: 2 Page Numbers: 183-196
How do Small and Medium Enterprises Go Green? A Study of Environmental Management Programs in the U.S. Wine Industry.
Author(s): Silverman, M

In industries populated by small and medium enterprises, managers’ good intentions frequently incur barriers to superior environmental performance. During the period when the U.S. wine industry was beginning to promote voluntary adoption of sound environmental practices, we examined managers’ attitudes, norms, and perceptions of stakeholder pressures to assess their intentions to implement environmental management programs (EMP). We found that managers within the simple structures of these small and medium firms are responsive to attitudes, norms, and pressures from internal stakeholders and that voluntarily established EMP increased the success of firms’ implementation of energy conservation and recycling practices.

Journal Title: Journal of Business Ethics Volume: 92 Edition: 3 Page Numbers: 463-478
Intelligent Procedures for Intra-Day Updating of Call Center Agent Schedules.
Author(s): Mehrotra, V; Ozluk, O; Saltzman, R

In this paper, we develop a flexible and powerful heuristic framework for managers to make intra-day resource adjustment decisions that take into account updated call forecasts, updated agent requirements, existing agent schedules, agents' schedule flexibility, and associated incremental labor costs. We demonstrate the value of this methodology in managing the trade-off between labor costs and service levels to best meet variable rates of demand for service, using data from an actual call center. For nearly all call centers, agent schedules are typically created several days or weeks before the time that agents report to work. After schedules are created, call center resource managers receive additional information that can affect forecasted workload and resource availability. (key sustainability dimensions: workforce impact of IT enhancements, systems thinking issues, work-life balance, adjusted workload.)

Journal Title: Production and Operations Management. Volume: 19 Edition: 3 Page Numbers: 355-367
Member Segmentation of Vacation Travel Club: Price Sensitivity and Member Status.
Author(s): Hu, B

This paper analyzes membership programmes, segmentation as an important marketing tool to define groups who share common characteristics and values. An efficient segmentation of members can positively benefit the development of member relationships. With a vacation travel club as the empirical environment, this study found two efficient member segmentation dimensions: price sensitivity (price-sensitive/price-insensitive) and member status (first-time member/repeat member). The identified multi- segments were significantly different in attitudes to memberships, demographics and member characteristics. (key sustainability dimension: impact of segmenting the tourism industry on stakeholder values.)

Journal Title: International Journal of Revenue Management. Volume: 4 Edition: 3/4 Page Numbers: 284-305
Mitigating Demand Uncertainty Across a Winery’s Sales Channels through Postponement.
Author(s): Cholette, S

This paper examines the driving forces and key success factors related to the increasing globalization of the wine industry. It further analyzes the current competitive advantage positions of four Old and five New World wine producing countries. The group with the strongest sources of competitive advantage position includes the United States, Australia, and Chile. The group of countries with moderate competitive advantages includes Italy, Spain, Argentina and South Africa, and the countries with the weakest competitive advantages in the global wine industry are two traditional strongholds of wine production from the Old World: France and Germany. This competitive advantage scenario should be a wake-up call to many countries. The study offers three specific recommendations for wineries of all sizes in all nations. They are: (i) increased emphasis on market orientation, (ii) increased export assistance, (iii) managing trade barriers effectively. (key sustainability dimensions: international trade barriers, emerging market comepetitiveness, cultural implications of marketing in transitional economies, social marketing)

Journal Title: International Journal of Production Research Volume: 47 Edition: 13 Page Numbers: 3587-3609
Operating and Synthetic Leases: Exploiting Financial Benefits In the Post-Enron Era.
Author(s): Duke, J; Su, Y; Hsieh, S

In this article, we demonstrate that currently companies can hide billions of liabilities, enhance retained earnings, income, and ratios by reporting leases as operating. With the rekindled interests of the International Accounting Standards Board and Financial Accounting Standards Board on lease reporting, our study provides valuable and timely information on the ethics for their decisions. Results indicate that by reporting operating leases, firms avoided on average $582 million of liabilities (11% of total liabilities) and $450 million of assets (4% of total assets) for our 366 sample firms. Partitioning sample into negative and positive income impact subgroups provides additional insight into firm's motivation for using operating leases. There was also a significant negative impact on liquidity, leverage and performance ratios.

Journal Title: Advances in Accounting Volume: 25 Edition: 1 Page Numbers: 28-39
Optimal Policies and Approximations for a Bayesian Linear Regression Inventory Model
Author(s): Azoury, K; Miyaoka, J

In this paper, we consider a periodic review inventory problem where demand in each period is modeled by linear regression. We use a Bayesian formulation to update the regression parameters as new information becomes available. We find that a state-dependent base-stock policy is optimal and we give structural results. One interesting finding is that our structural results are not analogous to classical results in Bayesian inventory research. This departure from classical results is due to the role that the independent variables play in the Bayesian regression formulation. Because of the computational complexity of the optimal policy, we propose a combination of two heuristics that simplifies the Bayesian inventory problem. Through analytical and numericalevaluation, we find that the heuristics provide near-optimal results.

Efficient supply chain management systems are critical components of environmental responsibilty and energy efficient operations programs. This article addresses the stock inventory model which relates to two aspects of Environmental impact management: waste reduction, systems thinking. Example finding: "Larger demand realizations do not necessarily lead to larger base-stock levels" pg. 825.

Journal Title: Management Science Volume: 55 Edition: 1 Page Numbers: 813-826
Portfolio manager behavior and global financial crises
Author(s): Feldman, T

The ability to reduce risk by diversifying across markets results in excessive risk taking. If global managers exist in larger numbers, systematic over leverage may result such that a deleveraging process can lead to the spreading of financial crises. I develop a two market agent-based model to study how global portfolio managers affect global financial crises and stability. First, I create an agent-based model where fund managers make their allocation decisions between two markets and a risk-free asset based on the mean variance framework. Simulation results reveal that global managers do not create global financial crises. Second, I extend the base model by incorporating insights from behavioral finance where risk is instead determined by fund manager losses. Simulation results reveal that slight global manager losses can trigger a widening of both markets’ risk premium, accelerating the decline in asset prices worldwide.

Journal Title: Journal of Economics and Business Volume: 75 Edition: 2 Page Numbers: 192-202
Postponement Practices in the Wine Industry: Adoption and Attitudes of California Wineries
Author(s): Cholette, S

Efficient distribution and inventory systems are critical components of environmental responsibilty and energy efficient production. This article touches upon responsible practices in the wine industry.

With the global growth of both export programs and private label brands, wineries must allocate production across an increasing variety of sales channels before demand is known. Misallocation may result in surpluses in some channels and lost sales opportunities in others. Although postponement would aid in solving this problem, this strategy has not been widely adopted. The research in this article involved surveying California wineries (N=142) on their current exporting, private labeling, and postponement practices and on their predictions for future usage. A majority of the respondents export, but many fewer have private label channels or engage in postponement. Additionally, wineries anticipate increasing adoption of export and private label practices but show less enthusiasm for utilizing postponement.

Journal Title: Supply Chain Forum, an International Journal Volume: 11 Edition: 1 Page Numbers: 4-15
Real Estate Price Declines and the Need for Contingent Liability Disclosure Vigilance: An Illustrative Example
Author(s): Danko, K; O'Shaughnessy, J; Huang, J

This paper discusses the implications of property taxes as an important source of revenue for many non-profit entities. Tax revenue declines threaten many non-profit entities, particularly schools in the U.S. The effects of these declines in revenue may not be properly disclosed. This paper reports on an example of contingent liability disclosure that fails to report contingent liabilities that materially reduce school and other non-profit revenue. Accountants and auditors need to be wary of the financial statement effect of falling tax revenues. They must carefully and completely disclose the contingent liability effects resulting from real estate price collapses.

Journal Title: The Journal of International Management Studies (JIMS) Volume: 4 Edition: 1 Page Numbers: 1-4
Reputation as an Intangible Asset: Reflections on Theory and Methods in Two Empirical Studies of Business School Reputations.
Author(s): Petkova, A

In this commentary, two studies of reputation that use different theoretical perspectives and modeling strategies to analyze the same data are compared. The purpose of the commentary is twofold: (a) to articulate the consequences of different modeling strategies for studying organizational reputation empirically and (b) to highlight some core theoretical issues concerning the attributes of reputation as an intangible asset. It is hoped that the commentary will provide some guiding points for future research seeking to develop a better understanding of reputation as an intangible asset. (key sustainability dimension: social impact - corporate reputation/image; implications for sustainability reputation as an intangible asset.)

Journal Title: Journal of Management Volume: 36 Edition: 3 Page Numbers: 610-619
South Africa's transition from apartheid: the role of professional closure in the experiences of black chartered accountants
Author(s): Hammond, T

This study examines the oral histories of black chartered accountants within the context of social closure theory and South Africa’s changing political and ideological landscape. As apartheid gave way to political freedom in South Africa in the last quarter of the 20th century, chartered accounting firms began to hire black South African trainees for the first time. The evidence indicates that processes of professional closure and credentialing excluded the majority population from the ranks of the profession on basis of race and class throughout the period 1976–2000.

Journal Title: Accounting, Organizations and Society Volume: 34 Edition: 6/7 Page Numbers: 705-721

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