From the Dean's Desk

Research Roundup

Dean Martijn Cremers

Dean Martijn Cremers

Monday, 22 April 2024

I am very much looking forward to the University Chair Lecture Series featuring Ahmed Abbasi at 3 p.m. on May 1 in the Jordan Auditorium. Ahmed, the Joe and Jane Giovanini Professor of IT, Analytics, and Operations and the co-director of the Human-centered Analytics Lab (HAL),  will present his 20-year career studying machine learning and AI, briefly highlight several real-world cases and discuss ongoing HAL research that is pondering important policy questions such as, "Is responsible AI impossible AI?" The presentation will help us all better understand human-centered AI. A reception will follow. I hope you will attend!

I’m pleased to highlight our latest research  published in top academic journals:

Zhi Da, Howard J. and Geraldine F. Korth Professor of Finance
Uncovering the Hidden Effort Problem (Journal of Finance)
Zhi and his co-authors use minute-by-minute Bloomberg online status and study the effort provision of executives in public corporations. While executives spend most of their time doing other activities, patterns of Bloomberg usage allow the researchers to characterize their work habits as measures of effort provision. They document a positive effect of effort on firm performance and also revisit agency issues that have received attention in the prior academic literature.

Kristen Ferguson, Assistant Professor of Marketing
The Mobile Giving Gap: The Negative Impact of Smartphones on Donation Behavior (Journal of Consumer Psychology)
While charities typically use the same messaging when appealing to consumers on their smartphones and PCs, this approach may backfire. This research finds that consumers are less likely to donate on their smartphones (vs. PCs), a phenomenon the authors call the 
mobile giving gap. Their findings across three lab and field experiments suggest that charities are leaving money on the table by using a one-size-fits-all strategy for all forms of online giving.

Tim Hubbard, Assistant Professor of Strategic Management
Competition and Constituents’ Polarization Online (Journal of Management)
Society's polarization shapes online engagement with organizations, particularly regarding identity-relevant events like competitions. Analyzing engagement among college football followers, the research examines how individuals who identify with the organization engage differently than those who dis-identify with the organization.  The study demonstrates that polarized constituents react to organizational events through identity-based mechanisms rather than objective evaluations of performance. The multi-method manuscript includes one of the first online psychophysiological studies in the stakeholder management domain.  

Yoonseock Son, Assistant Professor of IT, Analytics, and Operations
Kaitlin Wowak, Robert & Sara Lumpkins Associate Professor of Business Analytics
Corey Angst, Jack and Joan McGraw Family Collegiate Professor of IT, Analytics, and Operations
Gender Mismatch and Bias in People-Centric Operations: Evidence from a Randomized Field Experiment (Journal of Operations Management)
In an increasingly digital world, understanding how gender bias manifests is imperative. In partnership with an online platform offering weight management programs and consultation services, this study shows that revealing the consultant’s gender encourages customers to leave more reviews and higher ratings, with the impact more pronounced when the consultant is female. Gender mismatches, where the client and consultant are of opposite genders, result in higher ratings and increased engagement compared to gender matches. 

Lauren Vollon, Visiting Assistant Professor of Accountancy
The Capital Market Effects of Centralizing Regulated Financial Information (Accepted at Journal of Accounting Research)
Vollon and his co-authors use the introduction of 
digital storage and access platforms for regulated financial information (Officially Appointed Mechanisms, or OAMs) in the EU to study the capital market effects of information centralization. They show that the implementation of OAMs resulted in significant market liquidity improvements by reducing investors’ processing costs. Importantly, they document that information spillovers between focal and peer firms are a mechanism through which the positive capital market effects arise.

Thank you to Zhi, Kristen, Tim, Yoonseock, Katie, Corey and Lauren for your research contributions.

In Notre Dame,

Martijn


Guest Column: Mary Hirschfeld

Mary Hirschfeld

Mary Hirschfeld

Monday, 15 April 2024

Business Ethics and Society Program Updates

The Business Ethics and Society Program (BESP) was created to add a new dimension to the business education offered in Mendoza. As the Carnegie Institute has noted, an ideal business education would help students integrate the technical know-how of business with the reflective and analytical habits of the humanities. In a rapidly changing world, the ability to contextualize and synthesize knowledge is necessary to deploy business expertise well.

Other institutions have moved to introduce humanities into their undergraduate business curricula. Our program aims to make a distinctive contribution to that project by drawing deeply on the Catholic heritage that sustains Notre Dame. We hope to contribute to Mendoza’s project of forming future business leaders who are genuinely capable of growing the good in business.

BESP is just in its second year, but our vision is coming into focus. This year, we launched our new minor, Business and the Common Good, developed under the leadership of our director of Undergraduate Studies, Dave O’Connor. Our incoming minors are enthusiastic about the opportunity to reflect on business from the perspective of the humanities, guided by faculty with the multidisciplinary background needed to facilitate a true integration of those reflections with a business education. We have just formed a Student Advisory Board to develop programming for students that will best address their needs.

The second focus of our new and evolving program has been to attract strong faculty to our program. We are especially pleased to have been able to hire Greg Robson as an associate research professor. Greg came to Notre Dame last year as a visiting professor. He is a philosopher who has published prodigiously, including many articles related to business ethics. In addition, he co-edited a book on technology ethics. His research embodies the interdisciplinary approach of our program, and his astonishing work ethic is inspiring. Beyond all of that, Greg has a strong commitment to the missions of Notre Dame, Mendoza and our program. We are very grateful to have him as a colleague.

We also formalized our affiliation with Jeff Burks of the Accountancy Department, who now has a concurrent appointment with BESP. Jeff teaches a course for us on Work and the Interior Life. He offers an invaluable resource both to students by giving them an example of how business education can benefit from engagement with the humanities, and to the BESP by offering us a connection to the more traditional disciplines within Mendoza. We look forward to announcing new additions to our faculty in the near future.

Finally, we have been working on building up our programming. The stand-out program is the International Business Fellows Programs, led by John Sikorski. In our first academic year, John offered a cohort of students 1.5 credit courses over both semesters on International Business that culminated in a two-week trip to Poland, where students were able to engage extensively with Polish business leaders. The students report that the trip was transformative for them, in large measure due to the intensity of the experience. They were able to see much of Poland, and more importantly, were able to experience Polish culture and business through the many contacts and events John arranged for them. The second cohort of International Business Fellows also will go to Poland, but we plan to extend the reach of the program in the coming years.

One immediate fruit of the program was gaining a speaker for the 2023 Berges Lecture Series — Tomasz Konik, the CEO-elect of Deloitte Central Europe who had met with the International Business Fellows during their trip to Poland. We also sponsored a fall 2023 Cahill Lecture given by Andrew Yuengert, an economist who spoke on practical wisdom and its relationship to Catholic Social Thought.

It has been exhilarating to be a part of launching our new and ambitious program. We have been gratified by the support of so many of the people here at Mendoza — especially Ann Tenbrunsel and Father Ollie Williams, who have offered generous service to our program through their work on our advisory board. We look forward over the coming years to building up our program and integrating it ever more closely with the amazing work being done in Mendoza.

Best regards,

Mary

Mary L. Hirschfeld
Academic Director of the Business Ethics and Society Program
John T. Ryan Jr. Associate Professor of Theology and Business Ethics


New Sabbatical Policy

Dean Martijn Cremers

Dean Martijn Cremers

Monday, 8 April 2024

I’m pleased to announce a new policy for high-performing researchers that is truly historic for the College. For the first time, Mendoza will be offering our tenured faculty the opportunity to take paid research leaves — commonly known as sabbaticals — to focus on research and faculty development.

While this news directly applies to our tenured faculty, it affects the College as a whole. By providing more time for highly productive scholars to conduct intense and uninterrupted research, we are investing heavily in elevating our research culture, which is one of our top strategic priorities. 

The sabbatical policy will help us to be even more productive in publishing research in top-tier outlets. As we compete with our aspirational peers to attract, develop, and retain top scholars — all of our aspirational peers already have sabbaticals as standard practice — we will improve our standing as thought leaders. In so doing, we will be even more competitive with other highly ranked business schools. We thus seek to attract more top scholars to be part of the research culture within Mendoza.

Sabbaticals are a privilege and not an entitlement, and will be subject to the discretion of the administration of Mendoza on a case-by-case basis. To be eligible, tenured faculty members must meet all of the following criteria: 

  1. Have been a Notre Dame faculty member for at least seven years.
  2. Have not been granted a sabbatical leave under this policy in the previous seven years.
  3. Have accumulated sufficient article acceptances in top-tier outlets since the previous sabbatical leave granted under this policy. 
  4. Have provided sustained high-quality teaching.
  5. Have provided sustained laudable service to the University.

A faculty member will not be responsible for teaching or involvement in University, College or departmental service (typically 20% of a tenured faculty member's role) while on the research leave. Thus, the faculty will have 100% of their time during the academic year to devote to research, upskilling, retooling and such development activities. 

We expect that relatively few of the eligible tenured faculty will be on sabbatical at the same time since the College must maintain the optimal functioning of the academic departments. During the initial rollout, the highest priority will be given to tenured faculty with the most research success during the previous six calendar years. Additionally, priority will be given to those whose application for a sabbatical is accompanied by strong justification for research advancement.

Mendoza sabbaticals are only available to tenured faculty; the sabbatical policy does not apply to teaching or other types of faculty. (Other types of faculty leaves not related to research include FMLA, primary caregiver and parental leave. More information about the University’s faculty leave policies can be found here.) 

To apply for a sabbatical, eligible faculty members should provide a written request to Ken Kelley, the senior associate dean for faculty and research, summarizing their research plans for a sabbatical leave before July 1 of the year that precedes the academic year in which the sabbatical would be taken. Sabbatical leaves may be granted two or more academic years in advance.

Ken is responsible for approvals of all sabbaticals, subject to the additional approval of the leave from the Office of the Provost per the Academic Articles, and will work with the relevant department on timing. As stated above, sabbaticals are not guaranteed and are fully subject to the discretion of Mendoza’s administration on a case-by-case basis with consideration of funding availability and teaching needs. Please contact Ken for the additional details of the Mendoza Sabbatical Policy.

I’m grateful to those who helped with the creation of the sabbatical policy, especially Ken, as well as the department chairs and members of the College Council, the faculty governing body that formally sanctioned the policy. 

In Notre Dame,

Martijn

 


Guest Column: Wendy Angst

Wendy Angst

Wendy Angst

Tuesday, 2 April 2024

“This college cannot fail to succeed. Before long, it will develop on a large scale. It will be one of the most powerful means for good in this country.” 

This well-known quote from Father Edward Sorin, C.S.C, founder of Notre Dame, is a part of the fabric of our beloved University. It defines the spirit of our faculty, students, alumni and extended family of all those who love and embrace the mission of Our Lady’s University. This quote also served as the inspiration for the aptly named Powerful Means Initiative that I have the honor to lead.

The genesis for the Powerful Means Initiative (PMI) began as most exciting ideas do – on the back of a napkin. In 2015, I was meeting with friend and colleague Matt Alverson ’01, ideating on what the future of high impact design thinking projects could be for our ND students. How could we support the interest of the students in applying what they are learning in the classroom to make a real impact – and to serve as a powerful means for good?

PMI began to take shape during spring semester 2020. My project for the Innovation & Design Thinking class involved St. Bakhita Vocational Training Center (SBVTC) in Northern Uganda. Soon after I traveled to St. Bakhita with 10 students during that spring break, the University moved to online courses to navigate the COVID pandemic. Many of the I&D students were seniors and many had their start dates for their new jobs delayed. 

As I’ve come to learn from my past 14 years with the incredible young women and men that make up our Notre Dame student body, the students did not view a delayed start date as an opportunity to lean out and binge-watch shows. Rather, they saw this as an opportunity to lean in and amplify their impact on projects they cared about. Many of the students from my class stayed engaged with the St. Bakhita project and began strategizing on how to implement ideas that originated from the course. 

Another truth that I've continued to have reinforced from my time at Notre Dame is that we have an incredible community of alumni, family and friends! The parents of one of my former students made a gift endowing experiential learning for my classes, and after seeing the passion and potential impact from projects with Saint Bakhitas, offered to provide additional support to get the implementation phase of the project off the ground! 

We got to work putting the needed infrastructure in place to help implement the ideas, including establishing agreements between the University and the Archdiocese of Gulu, completing needed infrastructure updates so the school could reopen post-COVID, providing tuition support for the young women in the region to be able to attend school and securing a trusted team to lead the school. (A big thank you to our amazing head of school, Victoria Nyanjura (MGA ‘20).)

Nearly four years later, the initial project partner has become the proof of concept for what is possible when the Notre Dame family comes together to make a meaningful impact by using business as a force for good, as highlighted in the 2022 “What Would You Fight For?” series. The Saint Bakhita project and all that is possible has become the cornerstone of PMI.

Today, PMI has grown to encompass an academic track (Impact Consulting minor, research and internships), an investment vehicle (Powerful Means Fund) and a campus-wide student services club (Innovation 4 Impact). 

The Impact Consulting minor incorporates a series of classes that provide students with a path to engaging with project partners throughout classes over multiple semesters:

  • Innovation & Design Thinking: Building empathy with stakeholders and engaging in collaborative innovation.
  • Design Thinking Immersion: Spending time on the ground with the project partner, conducting research and testing prototypes.
  • Applied Impact Consulting: Managing the project and the budget to implement ideas in a sustainable way.
  • Designing Your Life: Reflecting on purpose and intentionally using time and talents in service to others.

Students have the opportunity to continue working on projects with the partner over summer or winter breaks with paid research fellowships and internships.

To enable collaborative innovations to have a meaningful impact, PMI supports the student-led investment vehicle, the Powerful Means Fund (PMF). PMF currently is focused on providing micro-grants and student mentorship for early stage initiatives and seeding micro-loans for partner-centric Village Savings and Loan Accounts for partner recipients to borrow from for needed capital for their entrepreneurial endeavors. Students provide mentorship and training, track the investments and measure the social impact, which is reported out annually in the IM-ND (Impact Metrics-Notre Dame) report. 

The Innovation 4 Impact Club offers an opportunity for students who are not enrolled in the minor or the management of the fund to work on social impact projects. Examples of what club verticals are working on this semester include: 

  • Biogas: Installing one unit at the school over spring break with the hopes of expanding to the broader community as a safer and more sustainable way to cook.
  • Early Childhood Development Center: Helping with the development of a curriculum and providing themed learning units for the center for the new ECDC that was developed with a collaboration with ND Architecture. 
  • Storytelling: Capturing images of locals to create a book similar to the Humans of New York to tell the story of the resilient members of the Kalongo community.

Each club vertical has an industry advisor composed of an awe-inspiring group of alumni and friends.

The top priorities for next stage of PMI are to expand the number of students involved in the work, to identify the second project partner and to continue to collaborate with other colleges across campus to contribute to the ecosystem of high-impact experiential learning that makes a meaningful impact, working together across the Notre Dame family to serve as a Powerful Means. 

PMI would not be where it is today without the more than 500 students who have contributed to this work through the Innovation & Design Thinking courses over the past four years; the nearly 100 students who have participated in the immersions through spending time on the ground conducting research and building, testing and implementing ideas in Uganda with our first project partner; and the foundational team of alumni who worked on these projects as students and still make time to contribute to the work today, including Alex Potts ‘23, Grace Kamholz ‘23, Carlos Flores ‘23, Abbie Hagerty ‘23, Joanna Helm ‘23, Olivia Coyle ‘22, Megan Baumbach ‘22, Bruce Morris ‘20, Kendyl Pettit ‘20, Alice Breummer ‘20, and Joe Bialous ‘20. A special note of gratitude to Quin Gallagher ‘21, who we are lucky enough to have working on the initiative full-time as the program coordinator! And of course to our dean, Martijn Cremers, for enabling the entrepreneurial culture in Mendoza to make this work a reality.

And a huge note of gratitude for the Powerful Means Circle whose mentorship and support every step of the way to not only me, but to countless ND students, to serve as a powerful means to help build a lasting legacy of transformative impact. Thank you, Mark Pulido and Donna Walker, Cindy Stark ‘81 and Paul Stark ‘80, Matt Alverson ‘01, Dr. Carrie Quinn ‘96, and our newest members, Mike Neumann ‘98 and Melanie Neumann (SMC ‘98). 

In Notre Dame,

Wendy

Wendy Pfromm Angst
Teaching Professor, Management & Organization 
Director, Powerful Means Initiative
Director, Impact Consulting Minor

 

Group shot of Powerful Means holding a Notre Dame Flag in front of a cross on a mountain


Research Roundup

Dean Martijn Cremers

Dean Martijn Cremers

Monday, 25 March 2024

I am glad to share some recent research papers that our faculty published in top academic journals:

Ahmed Abbasi, Joe and Jane Giovanini Professor of IT, Analytics, and Operations
John Lalor, Assistant Professor of IT, Analytics, and Operations
Kezia Oketch, Ph.D. in Analytics Student
Should Fairness be a Metric or a Model? A Model-based Framework for Assessing Bias in Machine Learning Pipelines (ACM Transactions on Information Systems)
Fairness is a crucial challenge in AI. However, fairness measurement currently involves metrics that consider disparities for a single protected attribute or group. Existing metrics don’t work well in many real-world applications of machine learning (ML), where imperfect models are applied to data with multiple protected attributes in a broader process pipeline. This leads to inconsistencies in fairness metrics between upstream representational harms and allocational harms in downstream policy/decision contexts. The authors propose FAIR-Frame, a model-based framework for parsimoniously modeling fairness across multiple protected attributes in a holistic ML environment. FAIR-Frame’s representational fairness measures have the highest percentage alignment and lowest error with allocational harm observed in downstream applications. The researchers’ findings have important implications for various ML contexts, including information retrieval, user modeling, digital platforms and text classification, where responsible and trustworthy AI are becoming an imperative.

 

Nicholas Berente, Professor of IT, Analytics, and Operations
Sriram Somanchi, Assistant Professor of IT, Analytics, and Operations
Do Crowds Validate False Data? Systematic Distortion & Affective Polarization (MIS Quarterly)
The paper examines how socio-cognitive influences can systematically distort crowdsourced ground truth in event-centric data through subgroups. The researchers conducted an immersive experiment to investigate whether crowd consensus can be systematically distorted by subgroup-based socio-cognitive influences, such as affective polarization. In the experiment, raters from various subgroups with varying levels of affective polarization were asked to view and validate crisis data from a violent public riot in 2020. Relying partly on double/debiased machine learning techniques, the research analyzes heterogeneous treatment effects across subgroups. The results show that affective polarization and more extreme raters, via the constructs of loyalty and betrayal, distort consensus-based ground truth in different ways.

 

Yixing Chen, Assistant Professor of Marketing
The Value of Safety Training for Business-to-Business Firms (Journal of Marketing Research)
Business-to-business suppliers invest in safety training programs believing that such programs mitigate safety hazards, prevent workplace injuries, and create value for their customers. However, causal evidence of these effects is sparse.  Leveraging proprietary data from a global oil field services company, a safety training regulation in New York City, and a conjoint experiment of procurement professionals, we underscore safety training as an important risk-mitigation vehicle that also has positive implications for business-to-business buying decisions.

 

Stephannie Larocque, Notre Dame Associate Professor of Accountancy
On the Informativeness of Unexpected Exclusions from Street Earnings (Contemporary Accounting Research)
The paper investigates the unexpected exclusions from street earnings that are revealed after earnings are reported. The researchers find that unexpected exclusions represent a mix of transitory and recurring items and are informative about future profitability, particularly when firms meet or beat analysts’ street forecasts but not their GAAP forecasts. The findings are consistent with recurring earnings amounts being opportunistically shifted to excluded items to meet or beat benchmarks.

 

Adam Wowak, Viola D. Hank Associate Professor of Management & Organization
John Busenbark, Mary Jo and Richard M. Kovacevich Associate Professor of Management & Organization
Why Do Some Conservative CEOs Publicly Support Liberal Causes? Organizational Ideology, Managerial Discretion, and CEO Sociopolitical Activism (Organization Science)
CEOs are increasingly choosing sides in societal debates, despite the obvious risk of alienating stakeholders. Even more puzzlingly, conservative CEOs sometimes espouse liberal stances in such debates, which runs counter to the otherwise consistent evidence that CEOs are guided by their ideologies in their actions. The study addresses this paradox by examining the antecedents of CEO liberal activism with an emphasis on the interplay between the CEO’s ideology and the prevailing ideological tilt of the employee population. In short, the research finds that a pronounced organizational ideology constrains a CEO’s ability to act in accordance with their own values.


Rafael Zambrana, Assistant Professor of Finance
Ben Golez, Associate Professor of Finance
Friendly Investing and Information Sharing in the Asset Management Industry
(Journal of Accounting and Economics)
The researchers study whether asset managers act as friendly shareholders of brokerage firms to gain privileged investment information. They find that mutual funds are more likely to hold and overweight stocks of their broker parent companies and side with management in contested votes. They also find that fund performance improves with the extent of such friendly investing. The performance improvement stems from trading the stocks of the broker's clients.

Thank you to Ahmed, John L., Kezia, Nick, Sriram, Yixing, Stephannie, Adam, John B., Rafael and Ben for your work.

I also wish you a blessed Holy Week and a joyful Easter. Pope Francis’ Easter message described the season of Lent as “a season of conversion, a time of freedom” and as an occasion to rediscover God’s promise: 

“It is time to act, and in Lent, to act also means to pause. To pause in prayer, in order to receive the word of God, to pause like the Samaritan in the presence of a wounded brother or sister.” 

May this be a blessed time for you and your families.

In Notre Dame,

Martijn

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