From the Dean's Desk

Fall event planning updates

Martijn Cremers

Martijn Cremers

Monday, 16 August 2021
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Our Mendoza Atrium was extra busy last week as MBA orientation got underway. Of course, that meant the return of a cherished tradition at Mendoza – free food! It’s great to see people grabbing a bagel and chatting with colleagues. It’s a simple reminder of how much we do enjoy being together as a community.
On the important topic of food, I want to pass along some important information provided by the University Entertainment and Events (UEE) group regarding updates to service for the fall semester.
As the labor market continues to be challenging, UEE has evaluated its current service capacity and has made some adjustments to better prioritize the needs of the University, especially those of students. Here are some of the changes that may affect our faculty and staff as employees and as event planners:
  • Mendoza’s Café Commons will remain closed for the fall. Faculty and staff can still get beverages in the third floor lounges in Mendoza and Stayer. Grab ’n’ go offerings (e.g. ,fresh fruit, Farmers Fridge salads, etc.) will be expanded at both South and North Dining Halls.
  • Legends will not reopen at the start of the semester as a restaurant but will be utilized as an event venue, primarily for student activities and possibly on home football game days.
  • Retail dining in LaFortune and Duncan Student Center will continue. However, UEE will adjust some operating hours, primarily on weekday evenings and weekends based on staffing levels. The University will supplement capacity by providing multiple food trucks immediately outside both student centers on certain days. Visit dining.nd.edu for specific information about hours and trucks.
  • Important information for event planners: Due to current staffing levels in University Catering, UEE is actively prioritizing events. At this time, any event that is not scheduled at least two weeks in advance cannot be guaranteed. Moreover, there may be times that events scheduled more than two weeks in advance will not be able to be supported by University Catering. Please contact 631-1400 to reserve space and catering services.
  • In the event that University Catering is unable to assist your team, the UEE team will work to confirm an external caterer. In addition to current campus-approved caterers (Navarre Hospitality, LaSalle Catering and Levy), UEE has expanded the list of approved external caterers (e.g. Ruth’s Chris, Mission BBQ, etc.) and are actively adding more.
  • Events will resume under pre-COVID event protocol with the provision that any indoor event with external guests requires all attendees to wear masks except while they are eating and drinking. Hosts are expected to communicate to guests accordingly.
We are likely to see additional changes to these guidelines and policies as current labor capacities and COVID-19 related health and safety protocols change. I appreciate your flexibility and patience as we negotiate this path to our new normal together, and look forward to many occasions this academic year when we can gather together (often with food!).
In Notre Dame,
Martijn

Welcome back

Martijn Cremers

Martijn Cremers

Monday, 2 August 2021
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Welcome back, everyone! What a blessing to see more familiar faces and hear more conversations in the hallways again after 15 months of remote work arrangements for so many of us.
I’ve often talked about the importance of a strong sense of community at Mendoza — of realizing that we are in the same “fleet of boats” sailing together to the same destination (to reference The Great Wave analogy). We are at our best when we recognize that we have a shared purpose, with a responsibility to each other and in need of help from others. This is how we not only get through difficulties, but how we rise above them to succeed.
This is the spirit that has been displayed time and time again in this past year and a half. We have weathered many “great waves,” personally and professionally, and I know it hasn’t been easy. I am incredibly grateful for the immense amount of hard work, patience and flexibility you’ve devoted in service of our students and our broader mission.
COVID, unfortunately, is not totally behind us, and undoubtedly there will be new challenges that arise. Some of you may be anxious about returning to the office environment and assuming your “new normal” routine, which is totally understandable. With the new academic year before us, I encourage you to celebrate the community we share by reconnecting with old friends and reaching out to new colleagues. This might be as simple as a hallway chat, going to the lounge for coffee or participating in social activities.
As a small token of appreciation, I’m pleased to give each faculty and staff member a special Mendoza Centennial t-shirt as a thank-you gift for your service and sacrifices. The shirts have the Centennial logo on the front and the striking “100” illustration from Mendoza Business magazine on the back. All are invited to attend the “Donuts with the Dean” event tomorrow (Tuesday) from 9-10:30 a.m. in Stayer Commons A and you may pick up your shirts at that time. You may also pick up t-shirts in Faculty Support.
As a reminder, Rob Kelly, the new senior director of operations, will be on hand during the “Donuts” event to introduce himself. Please stop by to welcome him.
I want to thank the Mendoza Staff Social Committee for planning this and other events this week to help transition back to working from campus, and the Communications group for arranging the t-shirt.
Again, welcome back, everyone, and go Irish!

In Notre Dame,
Martijn

Guest column: Ken Kelley

Martijn Cremers

Martijn Cremers

Monday, 26 July 2021
2021 Mendoza Mission Research Awards
I’m pleased to announce the 2021 recipients of the Mendoza Mission Research Award, an annual recognition of Mendoza research papers that exemplify the College’s imperative to “Grow the Good in Business.” This year, six papers were chosen from nominations submitted across the six academic departments and nearly all of our major research areas:
Matt Bloom, Research Professor of Management & Organization; “Stories of Calling: How Called Professionals Construct Narrative Identities” (Administrative Sciences Quarterly, 2020). The paper explored how people find deeply meaningful work by studying people who experience their work as a life's calling. The findings provide insights into how people find a calling, and how they are able to sustain this deep connection to their work over long periods of time.
Yixing Chen, Assistant Professor of Marketing; “Improving Cancer Outreach Effectiveness Through Targeting and Economic Assessments: Insights from a Randomized Field Experiment” (Journal of Marketing, 2020). What should health care institutions do to boost cancer screening rates while saving more money for the health care system? Combining machine learning and a large-scale field experiment, this NIH-sponsored study develops a personalized outreach program that can simultaneously improve liver cancer screening rates by up to 24 percentage points and return on outreach program by up to 96%.
Zach Kowalski, Assistant Professor of Accountancy; “Can Ethics Be Taught? Evidence from Securities Exams and Investment Adviser Misconduct” (Journal of Financial Economics, 2020). In 2010, the investment adviser qualification exam reallocated coverage from the rules and ethics section to the technical section. Comparing advisers with the same employer in the same location and year, the research found those passing the exam with more rules and ethics coverage are one-fourth less likely to commit misconduct.
Sophie Shive, Viola D. Hank Associate Professor of Finance, and Margaret Forster, Teaching Professor of Finance; “Corporate Governance and Pollution Externalities of Public and Private Firms” (Journal of Financial Studies, 2020). The number of U.S. publicly traded firms has halved in 20 years. How will this shift in ownership structure affect the economy's externalities? Using comprehensive data on greenhouse gas emissions, the paper finds in part that independent private firms are less likely to pollute and incur EPA penalties.
Daewon Sun, Professor of IT, Analytics, and Operations; “Responsible Sourcing Under Asymmetric Information: Price Signaling versus Supplier Disclosure” (Decision Sciences Journal, 2020). This paper studies a firm’s responsible sourcing decision, along with the optimal strategy to communicate that decision to uninformed consumers. The results imply that stakeholders, such as governments and nongovernmental organizations (NGOs), should focus on both improving market transparency, by encouraging firms to make their suppliers more visible, and promoting socially conscious consumption among consumers.
Katie Wowak, Associate Professor of IT, Analytics, and Operations; “The Influence of Female Directors on Product Recall Decisions” (Manufacturing & Service Operations Management, 2020). The paper investigates if adding female directors to a firm’s board of directors changes whether and how quickly the firm recalls defective products. The research found that compared to firms with all-male boards, those that have female directors announce high severity recalls 28 days faster or a 35% reduction in recall timing. They also find that for low severity recalls, which can be hidden from regulators, firms with female directors announce 120% more recalls, in comparison to a firm that has no female directors.
Research plays a critical role in advancing our academic reputation. My congratulations to these faculty members for their significant contribution to Mendoza’s research excellence and for their research that sheds light on how business can be used to advance the common good.
These researchers as well as those from last year will be invited to share their research in an event to honor the research and to celebrate how research can help advance our imperative to “Grow the Good in Business.”
In Notre Dame,
Ken
Ken Kelley, Ph.D.
Senior Associate Dean for Faculty and Research 
Edward F. Sorin Society Professor of IT, Analytics, and Operations

Guest column: Doug Franson

Martijn Cremers

Martijn Cremers

Monday, 5 July 2021
Update on Mendoza Facilities
As we prepare to return to working on campus again, here are a few facilities updates:
H2A: At present, our space constraints continue to limit our operations. Martijn’s main fundraising priority remains the capital for the “North Addition” (H to A, or H2A) to Mendoza. This planned 30,000-square-foot addition is much needed!
MBAs in Stayer: We have been transitioning more of the MBA program to the Stayer Center. We completed part of the renovation of the third floor Stayer Executive/MBA Lounge before budget restrictions were instituted due to COVID-19, which included installing a beautiful fireplace and new furniture. We plan to finish the project during the 2021 Christmas break. We also will be adding multiple team rooms on Stayer’s lower level and first floor.
Specialized Master’s Programs: Efforts are underway to provide additional space for the growing specialized master’s programs, primarily ensuring more classrooms and team rooms are available in Mendoza. We also will be establishing the former two-story MBA lounge in the building’s southwest wing as a space for specialized master’s students.
Mendoza Atrium: Martijn’s vision for the atrium includes converting it to a gathering place for our graduate students with plenty of new study spaces. As with the Executive/MBA Lounge, COVID-19 limited our ability to move more quickly on long-term changes to the atrium. As a temporary solution, you’ll notice a lot of furniture (repurposed from Stayer) has been added to the space. Eventually, when budget restrictions lift, we plan to install new furniture better suited to this purpose.
This change in function means that beginning with the fall semester, the atrium will be available as an event space only on a limited basis. Instead, we will be using Stayer Commons A & B for orientations, conferences and other events previously held in the atrium. As before, you can use the University’s scheduling.nd.edu site to reserve spaces for events and meetings. Please contact Chris Henderson or Dana Pierce if you need assistance.
Other building changes in the past year include:
  • Stayer B003 and Mendoza L062 have become computer classrooms.
  • Ceiling tiles and lights have been replaced in all Mendoza hallways.
  • Mendoza IT has relocated from suite 321 to L054.
  • Seven new faculty offices have been added where suite 321 was formerly located.
  • One refrigerator in the faculty/staff lounge was replaced with a beverage cooler (and the icemaker removed). 
  • Numerous staff members have relocated due to the MGE integration and further integration of our new MGP matrix structure.
  • Two team rooms were added to Mendoza’s third floor.
  • Stayer 201 and 315 are new MGE office suites.
I appreciate your patience and positive attitude as we’ve worked through the changes necessary to accommodate the College’s growth and new strategic directions. I am always interested in your feedback. You can email me directly or send comments via Mendoza.Fixit@nd.edu.
In Notre Dame,
Douglas Franson
Director of Finance & Facilities

New Research

Martijn Cremers

Martijn Cremers

Monday, 21 June 2021
As Ken Kelley discussed in his May 10 guest column, summer is a busy time for faculty research. The recent edition of Mendoza Business magazine includes a listing of published research from 2018-2021.
Please find below a few of the most recent faculty publications in top academic journals (and congratulations to the authors!):
Erik Beardsley, Assistant Professor of Accountancy  
"What's My Target? Individual Analyst Forecasts and Last-Chance Earnings Management" (Journal of Accounting & Economics)
Our study shows that companies manipulate their accounting earnings in order to meet or beat individual analyst forecasts. Companies are also more likely to beat an additional forecast by manipulating earnings up relative to missing an additional forecast when decreasing accounting earnings. By showing that managers consider individual forecasts to calibrate earnings management decisions, our findings highlight the strategic nature of earnings management.
Jason Colquitt, Franklin D. Schurz Professor
"Continue the Story or Turn the Page? Coworker Reactions to Inheriting a Legacy" (Academy of Management Review)
This theory piece describes the concept of employee legacy — enduring contributions to a work unit that continue to impact the unit after the employee is no longer a member. In particular, the article articulates the critical role played by the coworkers who remain, as they build on, maintain, neglect or erase the legacy. Which of those actions the coworkers take is theorized to depend on their psychological ownership of the legacy and their relationship with the employee who left it. 
Zhi Da, Howard J. and Geraldine F. Korth Professor of Finance
"Hedging Demand and Market Intraday Momentum" (Journal of Financial Economics)
Gamma measures the acceleration of financial derivative price when the underlying price moves. Market makers in products with gamma exposure, such as options and leveraged ETFs, have to buy additional securities when prices rise and sell when prices fall, exacerbating price swing. Using intraday futures returns between 1974 and 2020, we find strong market intraday momentum on equities, bonds, commodities, and currencies, and provide novel evidence that links it to gamma hedging.
Kirsten Martin, William P. and Hazel B. White Center Professor of Technology Ethics
"Stakeholder Friction" (Journal of Business Ethics)
Many have focused on identifying the good in creating strong relationships with a company’s stakeholders (suppliers, financiers, customers, communities, users, employees and so on) such as weathering uncertainty, greater sharing of information, increased legitimacy and better performance. However, here we identify a downside of strong stakeholder relationships: increased stakeholder friction where companies are more likely to re-invest in current stakeholders even when this investment is not in their interest. This can lead to company’s missing out on new stakeholders (new customers, new suppliers, new products) by focusing too much on current stakeholder relationships.
Thank you to all of our faculty for your continued efforts to advance the College’s research reputation.
In Notre Dame,
Martijn

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