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INSPIRING MINDS

2018

FACULTY PROFILES

ADVANCING RESEARCH WITH

IMPACT


INSPIRING MINDS

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2018 FAC U LT Y P R OF I L E S


CONTENTS 03

VSB Vison

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MESSAGE FROM THE

ASSOCIATE DEAN

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Jonathan Doh, PhD

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Sutirtha Bagchi, PhD Assistant Professor, Economics

Manuela Priesemuth, PhD Assistant Professor, Management & Operations

Associate Dean of Research HERBERT G. RAMMRATH ENDOWED

Chair in International Business ELENORE AND ROBERT F. MORAN SR. CENTER FOR GLOBAL LEADERSHIP

Faculty Director

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Tina Yang, PhD

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Pankaj Patel, PhD

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Associate Professor, Finance

FRANK J. AND JANE E. RYAN ENDOWED

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Chair in Strategy and Innovation

Professor, Management & Operations

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Denise Hanes Downey, PhD KEVIN TEDESCHI ‘71

Assistant Professor, Accounting

MICHELE AND CHRISTOPHER IANNACCONE ’91

Assistant Professor, Finance

Professor, Management & Operations

FACULTY PROFILES

John Sedunov, PhD

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Yoon-Na Cho, PhD LISA D’ALESSANDRO ’87

Assistant Professor, Marketing & Business Law

Endowed Chairs & Professorships

Centers of Excellence


INSPIRING MINDS

2018 FAC U LT Y P R OF I L E S

VSB VISION TO CREATE A LEARNING ENVIRONMENT UNPRECEDENTED IN THE WORLD OF BUSINESS EDUCATION, ONE THAT TRANSFORMS LIVES, POSITIVELY IMPACTS SOCIETY, NURTURES CREATIVITY, ASSURES AN ANALYTICAL APPROACH, PROVIDES A GLOBAL PERSPECTIVE AND DEVELOPS ETHICAL LEADERS. 3


The Villanova School of Business (VSB) undergraduate program is ranked #1 in the nation by Bloomberg Businessweek and has been at the forefront of business education since it was founded in 1922. The VSB part-time MBA program is ranked #12 in the nation by Bloomberg Businessweek. VSB also offers Executive and Online MBA programs, as well as a Master of Finance and Master of Accounting with Data Analytics, and our #1 ranked online grad programs by U.S. News & World Report, the Master of Science in Analytics and Master of Science in Church Management. Serving over 2,700 undergraduate and graduate students, VSB is known for academic rigor; creativity and innovation; hands-on and service learning opportunities; a firm grounding in ethics; and an applied education that prepares students to become outstanding leaders and global citizens within the global, complex, and fast-paced world of business.

For more, visit business.villanova.edu.


INSPIRING MINDS

2018 FAC U LT Y P R OF I L E S

At the Villanova School of Business (VSB), faculty conduct world-class scholarship appearing in the very best publications in their respective fields. But at VSB, that’s not enough. We also encourage research that has real-world impact beyond the academe, in corporations and financial institutions, nonprofit organizations and public policy. Additionally, we encourage faculty to engage students in their research as a way to integrate theory and practice in the classroom. In this edition of Inspiring Minds, we profile a subset of VSB faculty who are doing top-tier research that speaks to real-world problems. At VSB, we are developing business leaders for a better world.

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“ We encourage

research that has real-world impact on society as a whole. Jonathan Doh, PhD Associate Dean of Research HERBERT G. RAMMRATH ENDOWED

Chair in International Business ELENORE AND ROBERT F. MORAN SR. CENTER FOR GLOBAL LEADERSHIP

Faculty Director

Professor, Management & Operations


INSPIRING MINDS

2018 FAC U LT Y P R OF I L E S

Tina Yang holds a PhD in Finance from the University of Georgia. Her research interests span a wide range of corporate finance topics including corporate governance, environmental, social and governance (ESG) issues, and risk management. She has published in top academic journals including Journal of Financial Economics, Review of Financial Studies, Management Science, and American Business Law Journal, among others. To Dr. Yang, it is most rewarding for researchers to identify emerging trends and provide rigorous empirical results to inform policy debates. One of her working papers examines the role of institutional investors in bank governance. As arguably the most important class of equity holders, there is a paucity of evidence on the role of institutional investors in mitigating bank

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earning management, an issue that has emerged as critical one in bank regulation and governance. Motivated by the 2008 Global Financial Crisis and the recent finding that bank earning management can signal future financial crash risk, Tina and her co-authors use data from 46 countries to investigate whether and how institutional investors deter this practice. Dr. Yang says she “tap dances to work” because “Villanova supports its faculty in taking risks and tackling on tough challenges to make a positive change in the classroom and in the real world.”

VSB supports our taking risks and tackling tough challenges to make a positive change in the classroom and in the real world.

Tina Yang, PhD Associate Professor, Finance


INSPIRING MINDS

2018 FAC U LT Y P R OF I L E S

Pankaj Patel joined VSB in 2015 after earning his PhD at the University of Louisville and spending several years on the faculty at Ball State University. Prior to coming to academia, he co-founded two high-tech startups and since then has founded two other technology companies. He has consulted extensively with heavy manufacturing firms in the US and in Sweden and received research grants from the US State Department, the Kamprad Family Foundation and the Swedish Central Bank. His recent research focuses on a range of issues related to entrepreneurial choice and performance: the biological basis of entrepreneurial choice, long-term physical wear-and-tear of entrepreneurial stress, the influence of early-stage employment practices on venture survival, and more. Some of his recent research has been published in the Academy of Management Journal, Entrepreneurship Theory and Practice, the Journal of Operations Management, and the Strategic Management Journal, among others. The findings in his recent works, broadly based on large-scale and reliable archival data seldom available for young ventures, have direct and measurable implications for entrepreneurs, policymakers and investors.

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I truly am blessed to have the support to explore research questions of practical importance to business and entrepreneurs. Pankaj Patel, PhD FRANK J. AND JANE E. RYAN ENDOWED

Chair in Strategy and Innovation Professor, Management & Operations


INSPIRING MINDS

2018 FAC U LT Y P R OF I L E S

Denise Hanes Downey is a Villanova alumna who completed her PhD in Accounting at Bentley University. Her research focuses on the intersection of globalization and investor protection, exploring challenges associated with audits of multinational companies, offshoring of the audit function, and distributed audit teams. Dr. Downey’s work seeks to not only uncover factors that contribute to poor audit quality, but also identify solutions to mitigate the risk of a large audit failure. In addition to publications in Auditing: A Journal of Practice & Theory, Behavioral Research in Accounting, and the Journal of Accounting Literature, Dr. Downey’s expertise gained her a senior economic research fellowship with the Public

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Company Accounting Oversight Board (PCAOB). “It is energizing to work in such a complex area, considering the nuances of our global business environment that demand the attention of leaders and regulators. I learn something new every day,” says Dr. Downey. In the classroom, Dr. Downey frames auditing from the regulatory and global context in which auditors operate, challenging students to consider how issues like foreign privacy laws affect audits and investor information. In doing so, students come to more truly appreciate the role they play in today’s capital markets. “VSB provides incredible access to the business community. Discussing the current global audit environment with regulators, auditors and students makes my research especially rewarding.”

VSB places significant value on engaging both current and future business leaders in our research.


Denise Hanes Downey, PhD KEVIN TEDESCHI ‘71

Assistant Professor, Accounting


INSPIRING MINDS

2018 FAC U LT Y P R OF I L E S

Sutirtha Bagchi comes to VSB from the Stephen M. Ross School of Business at the University of Michigan where he completed a PhD in Business Economics. He holds an MBA from Purdue’s Krannert School of Management and previously worked at McKinsey & Company as an Associate. His research explores the impact of inequality on economic growth, the role of political competition on the funding of public pension plans, and the impact of ride sharing services on the price of taxi medallions. Dr. Bagchi’s research has been published in the Journal of Industrial Economics, the Journal of Comparative Economics, Review of Industrial Organization, and the Journal of Public Policy. Dr. Bagchi notes that his projects have come from observing the world around us and trying to explain

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VSB values how top-tier research relates to realworld problems.


what he views as puzzles. His recent paper examining the drop in taxi medallion prices in response to the entry of car sharing services was triggered by conversations with Uber and Lyft drivers, many of whom previously drove a cab. He actively works on research with undergraduate students and views it as a win-win: “Exploring topics that have real-world implications and the potential to influence public policy is key to my research.�

Sutirtha Bagchi, PhD Assistant Professor, Economics


INSPIRING MINDS

2018 FAC U LT Y P R OF I L E S

Manuela Priesemuth joined the VSB community in 2016 with specializations in organizational behavior and business ethics after completing her PhD at University of Central Florida and serving as an assistant professor at the School of Business & Economics at Wilfrid Laurier University in Ontario, Canada. Her teaching and research focus on understanding acts of workplace aggression, particularly those that are directed from supervisors towards subordinates. Further, she has a passion for understanding how such destructive behaviors can be stopped, with the ultimate goal of creating fair, ethical and supportive workplaces. Indeed, some of her most recent

Manuela Priesemuth, PhD Assistant Professor, Management & Operations

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research showed that when work environments foster norms of ethics, fairness and respect, organizational members feel more confident to address aggression and wrongdoing in the workplace. In her view, these insights are especially relevant in the current environment as companies search for answers on how to best increase employee comfort and confidence in articulating and voicing concerns regarding harassment and other forms of aggression. Dr. Priesemuth’s research not only offers practical relevance, but has also been published in many top academic journals including the Academy

of Management Journal, the Journal of Management and the Journal of Organizational Behavior. She notes, “VSB provides great opportunities by supportingcutting-edge research of faculty and by disseminating it more broadly to practitioners through University channels like the Inspiring Minds podcasts.”

Combining cutting-edge research and practice is an important endeavor.


INSPIRING MINDS

2018 FAC U LT Y P R OF I L E S

John Sedunov joined the Villanova School of Business in the fall of 2012. He earned his BS in Business Administration from Carnegie Mellon University in 2007, and both his MBA and PhD, from The Ohio State University. His research interests include systemic risk, banking, financial crises, cryptocurrencies, financial technologies and risk management. Dr. Sedunov’s research addresses issues with clear policy implications that are important to understanding and improving the stability of the financial system. His work has been published in the Journal of Banking and Finance, the Journal of

John Sedunov, PhD MICHELE AND CHRISTOPHER IANNACCONE ’91

Assistant Professor, Finance

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Associate Dean of Research;

Financial Stability, the Journal of undergraduate Herbert G. Rammrathresearch Endowedproject in International Business;the Empirical Finance, and the Journal Chairaimed at understanding Faculty Director forand Theevolution Elenore of of Financial Research. For Dr. development Robert F. Moran Sr. Center and Sedunov, creating research that is and cryptocurrency markets for Global Leadership impactful and relevant is paramount the emergence of bitcoinand “allows me to contribute to accepting venues in the U.S. ongoing policy debates about “Working with students the direction of financial system on research projects is regulations.” Dr. Sedunov includes exceptionally rewarding. cutting-edge research outcomes in It allows the students to his Risk Management for Financial understand topics in Institutions classes, remarking that finance at a much deeper “It’s rewarding to demonstrate how level, while developing theory, policy and practice interact, skills that will help them which ultimately leads to better in the long run.” student outcomes.” In the summer of 2017, Dr. Sedunov supervised an

Investigating and understanding the systemic risk of our banking system is my passion.


INSPIRING MINDS

2018 FAC U LT Y P R OF I L E S

Yoon-Na Cho was somewhat of a nomad as a child, spending her early life immersed in a range of cultures and ways of thinking – both in the US and Korea. These transitions helped her develop an appreciation for the importance of how “framing” influences a range of human responses. She believes that students can make progress towards becoming responsible global citizens by embracing diverse points of view, noting that “VSB’s students are expected to question their intuitions and consider all possible constituents involved in the business.” Dr. Cho is dedicated to enhancing consumer welfare and contributing to society in

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a positive way by analyzing consumer behaviors so as to better understand and enhance consumers’ experiences across various stages of the decision-making process. Her research has appeared in the Journal of Public Policy & Marketing, the Journal of Business Research, the Journal of Business Ethics, the International Journal of Advertising, among others, and her paper published in the Journal of Consumer Affairs received the publication’s biennial Best Paper Award. While completing her PhD at the University of Arkansas, she was the sole recipient of the Distinguished Doctoral Fellowship. She describes VSB as “a gifted place that values acquiring knowledge and skills not only for a better personal future, but to influence others in a way that enhances their lives, leading to a more promising future for us all.”

By encouraging students to think beyond their framed mindsets, they can better appreciate alternative perspectives.


Yoon-Na Cho, PhD LISA D’ALESSANDRO ’87

Assistant Professor, Marketing & Business Law


INSPIRING MINDS

2018 FAC U LT Y P R OF I L E S

ENDOWED CHAIRS & PROFESSORSHIPS Recruiting, retaining, and promoting outstanding faculty members requires the resources and distinction that can only be provided through endowed professorships and chairs. Along with our named assistant professorships and emerging scholars, endowed chairs and professorships in the Villanova School of Business provide a pool of funds in perpetuity to support the teaching, research, and professional development of top scholars.

Stephen J. Andriole, PhD

David Nawrocki, PhD

Thomas G. Labrecque Professor of Business

Katherine M. & Richard J. Salisbury, Jr. Professor,

Technology

Finance

Professor, Accounting & Information Systems

Michael Pagano, PhD Jonathan Doh, PhD

The Robert J. and Mary Ellen Darretta Endowed

Associate Dean of Research

Chair in Finance

Herbert G. Rammrath Endowed Chair in

Professor, Finance

International Business Faculty Director, The Elenore and Robert F. Moran Sr.

Pankaj Patel, PhD

Center for Global Leadership

Frank J. and Jane E. Ryan Endowed Chair in

Professor, Management & Operations

Strategy and Innovation Professor, Management & Operations

Jeremy Kees, PhD Richard J. and Barbara Naclerio Endowed Chair

John A. Pearce II, PhD

in Business

VSB Endowed Chair in Strategic Management

Professor, Marketing & Business Law

& Entrepreneurship

Faculty Director, Center for Marketing & Consumer

Professor, Management & Operations

Insights

Quinetta Roberson, PhD Matthew Liberatore, PhD

Fred J. Springer Endowed Chair in Business

John F. Connelly Endowed Chair in Management

Leadership and Professor of Management

Professor, Management & Operations

Charles R. Taylor, PhD Thomas Monahan, PhD

John A. Murphy Professor of Marketing

John M. Cooney Professor, Accounting &

Professor, Marketing & Business Law

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CENTERS OF EXCELLENCE VSB’s commitment to research and academic rigor is evident through the school’s six Centers of Excellence. These initiatives are designed to focus attention on critical business issues and to leverage the expertise of VSB faculty in a crossdisciplinary way. They support faculty research, teaching excellence, curricular development, and the intersection of research and business practice.

Daniel M. DiLella Center for Real Estate The Elenore and Robert F. Moran Sr. Center for Global Leadership Center for Business Analytics Center for Church Management Center for Marketing and Consumer Insights Innovation, Creativity, and Entrepreneurship Institute

Joyce E. A. Russell, PhD The Helen and William O’Toole Dean Professor of Management @VSB_Dean

Cathy J. Toner, JD Director of Communication and Marketing

Shannon M. Wilson Assistant Director of Communication


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