Huttenlocher joins MacArthur Foundation Board
Daniel Huttenlocher, John P. and Rilla Neafsey Professor of Computing, Information Science and Business, was named to serve on the board of directors of the John D. and Catherine T. MacArthur Foundation in January 2010. Huttenlocher holds a joint appointment as Dean of Computing and Information Science at Cornell.
“Dan Huttenlocher will be a tremendous asset to the MacArthur board,” said Robert Denham, chairman of the board. “His broad expertise in technology, his interest in global affairs, and his familiarity with Chicago and with MacArthur will help inform greatly the work of the Board.” Huttenlocher holds 24 U.S. patents, has published more than 75 technical papers, and has received numerous awards for his teaching and research. He previously served on MacArthur’s Science Advisory Committee. And he grew up in Chicago, where MacArthur is headquartered.
Leary’s finance research earns top honor
Research by Mark Leary, assistant professor of finance at the Johnson School, has been selected by the associate editors of Journal of Finance as a distinguished paper winner of the Brattle Group Prize in Corporate Finance. This is the second time in four years that Leary has received this honor, for which only three papers are selected each year.
Leary was recognized for his sole-authored paper, “Bank Loan Supply, Lender Choice, and Corporate Capital Structure,” published in the June 2009 Journal of Finance. The paper explores the relationship between capital market supply frictions and corporate capital structure decisions. Specifically, the paper uses shocks to the supply of bank loans to disentangle the effects of credit supply on capital structures from the effects of credit demand.
Iankova delivers keynote on capitalism’s future
Elena Iankova, lecturer in international business, delivered the keynote speech at a conference commemorating the 20th Anniversary of the fall of the Berlin Wall and the end of the Cold War, hosted by the Collaborative Research Center 580 at the Friedrich Schiller University of Jena, Germany.
Iankova, author of Eastern Capitalism in the Making (2002) and Business, Government, and EU Accession: Strategic Partnership and Conflict (2009), addressed whether we can still speak about a distinct variant of capitalism with common features across Central and Eastern Europe, or whether the region has reached a form of capitalism similar to one of the major variants established in the developed world (coordinated capitalism as in Germany and continental Europe, versus non-coordinated, neo-liberal capitalism as in the United States).
Hart leads discussions for Clinton Global Initiative
Stuart Hart, the Samuel Curtis Johnson Professor of Sustainable Global Enterprise at the Johnson School, was tapped by the Clinton Global Initiative (CGI) to lead one of its 2009 action initiatives, Harnessing Innovation for Development. Hart participated in CGI’s annual meeting in New York City last September, where he led the innovation plenary session, along with the working session, “Driving Disruptive Innovation from the Base of the Pyramid.”
In the plenary session, Hart helped participants examine emerging innovation strategies as vehicles for addressing the global challenges of poverty, climate change, health, and education. In the follow-up working session, Hart and participants explored merging disruptive technologies and Base-of-the-Pyramid enterprise development in a “great convergence” that will create more inclusive forms of enterprise and better life for the world’s poorest people.
Accounting Hall of Fame inducts Dyckman
Thomas R. Dyckman, professor emeritus at the Johnson School, was named the 84th member of the Accounting Hall of Fame, one of his discipline’s highest honors, at the annual meeting of the American Accounting Association in New York City last August.
Dyckman, who joined the Johnson School faculty in 1964, was the Ann Whitney Olin Professor of Accounting for 19 years before his retirement in 2006. His extensive record of scholarly work focused on empirical studies of financial reporting and related regulatory and market phenomena. He was an early exponent of empirical methods in accounting research. During the 1970s and 1980s, he conducted seminal research on the effect of accounting disclosures on market prices. Dyckman has authored or co-authored 11 books and monographs and more than 60 published articles.