From the Dean's Desk

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

Transition to Campus

Martijn Cremers

Martijn Cremers

Monday, 7 June 2021
My message today is in follow up to the provost’s “Return to Campus” letter to discuss our transition back to work at Mendoza. As the provost mentioned, the expectation is that we will be able to offer a student experience that is closer to “normal” this fall. In alignment with the University's expectations and due to the University requirement that all students, faculty and staff be vaccinated, we are asking those who have been working from home to begin transitioning back to working on campus with a goal of a full return no later than Monday, Aug. 2.
This is exciting news, as an integral part of the Notre Dame community is to be together in-person. In-person collaboration also is a critical element in our matrix organization for our graduate business programs. 
Another positive step is that those who are fully vaccinated by one of the three vaccines approved in the United States (Moderna, Pfizer-BioNTech, Johnson & Johnson) do not need to wear their masks indoors, including in the classroom, effective June 3. (We will continue to follow physical distancing guidelines in the classroom until the University changes those guidelines.)
I recognize that resuming our normal office routines is going to be a readjustment. During this transition, it’s important that Mendoza is consistent with the University’s guidelines and those of the other colleges. (See “Return to Campus FAQs.”) In the coming weeks, I encourage our staff members to meet with your directors to create a transition plan, whether that includes working in the office two or three days a week until Aug. 2, attending certain meetings in person, or other arrangements that will allow you to gradually get back to working full time in the office.
Finally, our experience with remote work during the past year has brought this issue to the forefront. As you may know, the University has established a committee to consider the future of remote work for staff for the period after the transition back to the office. Informed by our positive experience of remote work during this past year and consistent with the anticipated recommendations of that committee, all of the deans have decided on a joint, one-year pilot to allow more remote work than in the past. In particular, this provisional policy will allow staff in the colleges and schools to work remotely for up to two days per month. Directors should make these arrangements with staff members on a case-by-case basis. We will revisit this policy in a year.
We want to make the transition back to campus as smooth and rewarding as possible, so please discuss your questions and concerns with your supervisors, Kara or me. Your efforts and spirit of service during this past year have been extraordinary. I continue to be very grateful for all that you do and look forward to a wonderful new academic year together.
In Notre Dame,
Martijn

New Ph.D. Programs

Martijn Cremers

Martijn Cremers

Monday, 24 May 2021
I’m very pleased to announce the launch of Mendoza’s two first-ever doctoral programs in fall 2022 — the Doctor of Philosophy in Management to be awarded by the Department of Management & Organization and the Doctor of Philosophy in Analytics to be awarded by the Department of IT, Analytics, and Operations.
The core mission of the Ph.D. in Management and the Ph.D. in Analytics programs is to prepare doctoral students for careers in academia at the top business schools where publishing research in top academic journals is prioritized, as well as to work in teaching institutions, government and industry. Both programs will also focus on developing future faculty whose academic research aligns with our imperative to Grow the Good in Business, contributing to human flourishing with solidarity for all stakeholders, especially the most vulnerable. They are structured to be small and cohort based, with a strong focus on mentorship and apprenticeship opportunities. Targeted enrollment in each program is two students every year toward their eventual maximum enrollment of 10 students in each program. We will begin recruiting this fall.
Additional details include:
Ph.D. in Management: Jason Colquitt, Franklin D. Schurz Professor of Management, will serve as director. Students will gain foundational knowledge in the field of management, which includes organizational behavior and strategy and entrepreneurship. They will be encouraged to conduct academic research that is impactful, supports human flourishing, and considers the ethical dimensions of their area of study. The curriculum includes courses in the M&O department as well as potential courses in other departments within Mendoza and across campus. For more information, see the link to the program's website.
Ph.D. in Analytics: Ahmed Abbasi, Joe and Jane Giovanini Professor of IT, Analytics, and Operations, will serve as director. The program will develop thought leaders in the analytics space who are engaged in impactful, cutting-edge scholarly research that considers the ethical dimension of data and its usage. Students will gain foundational knowledge in the field of analytics, which integrates theories and methods from statistical, empirical, analytical and technical research in disciplines such as information systems, operations management and beyond. They will take ITAO courses as well as elective courses in other departments within Mendoza and across campus. For more information, see the link to the program's website.
These inaugural Mendoza Ph.D. programs fulfill a vision that goes back more than 50 years. The Notre Dame Bulletin 1967-1969 mentions the intended launch of doctoral programs in business and public administration in 1971. Although they didn’t launch as planned, 30 years later it was still a hot topic, as then-dean Jack Keane emphasized their importance to the College’s future, saying in “O’Hara’s Heirs” (published in 1991), “The best faculty and graduate students are drawn to those campuses where a climate that nurtures research, scholarly publication and professional exploration is cultivated. And that means doctoral-level ambitions — a top-quality doctoral program.” These words still ring true.
These programs not only fulfill this vision, they signal that we are in a new era for the College. The doctoral programs will further elevate our research culture and further advance our reputation as an elite research institution. It is also very exciting that our faculty will be able to help form the next generation of faculty who will have a profound effect on the business environment through their research and teaching future business leaders. 
I am very thankful to the following who have invested incredible amounts of time, attention and thought into creating two doctoral programs that will serve our College and the greater academic and practitioner community for generations to come:
  • Jason Colquitt, Franklin D. Schurz Professor of Management, Management & Organization
  • Craig Crossland, Rev. Basil Moreau, C.S.C., Department Chair, Management & Organization, and Professor of Management & Organization
  • Ken Kelley, Senior Associate Dean for Faculty and Research, Mendoza College of Business, and Sorin Society Professor of IT, Analytics, and Operations
  • Ahmed AbbasI, Joe and Jane Giovanini Professor of IT, Analytics, and Operations
  • Rob Easley, John W. Berry Sr. Department Chair and Professor of Information Technology, Analytics, and Operations.
  • Corey Angst, Professor of IT, Analytics, and Operations.
  • Nick Berente, Viola D. Hank Associate Professor of IT, Analytics, and Operations
There was much work involved already getting us to this point. Departments needed to make a compelling case that they were ready. The budget had to be worked out. Proposals were written in painstaking details and approved by the College Council before being presented to and approved by the Academic Council.
I also want to thank the many faculty and the many staff who were involved in the undergraduate and graduate diploma ceremonies this past weekend. These were fantastic events, thanks to you! Your hard work made for a very special occasion for our students and their families.
In Notre Dame,
Martijn

Closing out the year

Martijn Cremers

Martijn Cremers

Monday, 17 May 2021
In a few short days, we will be celebrating an occasion that seemed almost impossible when we started school in the fall: Mendoza’s 2021 in-person Diploma Ceremony.
Commencement is always a special time in the College, and that is especially true this year because of all of the challenges we’ve overcome to bring the 2020-2021 academic year to a successful close. I am so grateful for your hard work and spirit of perseverance and grace.
The undergraduate diploma ceremony will be held at 7 p.m. Friday (May 21) in Notre Dame Stadium. This year, a total of 595 undergraduates will receive diplomas (including students who graduated in December or will graduate this weekend or in August):
  • Accountancy: 106
  • Business Analytics (ITAO): 110
  • Business Technology (ITAO): 19
  • Finance: 271
  • Management Consulting (M&O): 38
  • Marketing: 51
The graduate programs diploma ceremony will take place at 4 p.m. Saturday (May 22), also in Notre Dame Stadium. Altogether, we will be bestowing 566 diplomas across our graduate business programs:
  • MSA: 57
  • MSBR: 58
  • MBA: 134
  • MBA/MSBA: 22
  • EMBA: 96
  • MSBA-C: 31
  • MSF-C: 35
  • EMNA: 19
  • MNA: 31
  • MSM: 83
I am pleased to recognize the following Mendoza faculty members receiving 2021 teaching awards. 
UNIVERSITY TEACHING AWARDS
The Rev. Edmund P. Joyce, C.S.C., Award for Excellence in Undergraduate Teaching is presented by the Office of the Provost to honor faculty members who have had a profound influence on undergraduate students through sustained exemplary teaching. In particular, the award recognizes professors who create environments that stimulate significant student learning, elevate students to a new level of intellectual engagement and foster students’ ability to express themselves effectively within their disciplines. The 2021 recipients at Mendoza are:
  • Robert Lewandowski, associate teaching professor, Department of IT, Analytics, and Operations
  • Michael Meyer, teaching professor, Department of Accountancy
UNDERGRADUATE TEACHING AWARDS
The James Dincolo Outstanding Undergraduate Professor Award recognizes a faculty member from each of the five academic departments who exhibit sustained excellence in undergraduate teaching in her or his discipline. The 2021 recipients are:
  • Brian Levey, teaching professor, Department of Accountancy
  • Carl Ackermann, Nolan Professorship for Excellence in Undergraduate Instruction, Department of Finance
  • Seth Berry, assistant teaching professor, Department of IT, Analytics, and Operations
  • Chris Adkins, associate teaching professor, Department of Management & Organization
  • Christian Hughes, assistant professor, Department of Marketing
GRADUATE TEACHING AWARDS
Graduate teaching award recipients are chosen by the students in the respective program in recognition of excellence in the classroom.
Leo Burke Outstanding Professor Award for the Chicago Executive MBA Program (EMBA Chicago)
  • Kristen Collett-Schmitt, associate teaching professor, Department of Finance
Arnie Ludwig Outstanding Professor Award for the South Bend Executive MBA Program (EMBA South Bend)
  • John Branch, adjunct teaching professor, Department of Marketing
Master of Science in Business Analytics Outstanding Professor Award (MSBA Chicago)
  • Ken Kelley, Edward F. Sorin Society Professor, IT, Analytics, and Operations
Master of Science in Finance Outstanding Professor Award (MSF Chicago)
  • Robert Battalio, professor, Department of Finance
Executive Master of Nonprofit Administration Outstanding Professor Award (EMNA)
  • Ken Milani, professor, Department of Accountancy
Master of Nonprofit Administration Outstanding Professor Award (MNA)
  • Kristen Collett-Schmitt, associate teaching professor, Department of Finance
Traditional MBA Outstanding Professor Award (MBA)
  • Jeffrey Miller, associate professor, Department of Accountancy
Master of Science in Business Analytics Outstanding Professor Award (MSBA Residential)
  • Martin Barron, assistant teaching professor, IT, Analytics, and Operations
Master of Science in Management Outstanding Professor Award (MSM)
  • Katherine Spiess, associate professor, Department of Finance
Master of Science in Accountancy James Dincolo Outstanding Professor Award (MSA)
  • Keith Urtel, associate teaching professor, Department of Finance
Please join me in congratulating these faculty members.
Commencement is a celebration of our students’ achievements, but it is also a recognition of those who helped them get there. I am very, very, very grateful for all of your efforts.
In Notre Dame,
Martijn

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