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A PUBLICATION OF NEWS AND CURRENT EVENTS FROM THE ALBERS SCHOOL OF BUSINESS AND ECONOMICS SPRING 2011 Alumni Profile Albers and Wine – It All Comes Back to Business Page 8 Albers Executive Speaker Series Page 6 Faculty Profile – Dean Peterson Passionate About Economics, Devoted to Kayaking Page 10 WHAT’S INSIDE? Graduate Program ................3 Benefits Students and the Community n September we completed a new strategic Albers Faculty .......................4 plan for the Albers School. It will guide Research News our efforts and set our direction over Student Profile: ....................5 Ithe next three years. The process included Nancy Mikacenic a planning team of nearly 30 faculty, staff, Albers Executive ..................6 Speaker Series students, and community representatives. Strategic Planning at .............7 We created a new mission statement that we Albers believe is more inspiring and better captures Alumni Profile: .....................8 our work — Guided by the Jesuit traditions and Albers and Wine – academic excellence, education for justice, and It All Comes Back to service to others, we inspire and develop ethical Business Message leadership for the global community. Installations and ...................9 The new mission statement acknowledges Dedications how our Jesuit Catholic heritage shapes Faculty Profile: ....................10 what we do and how we do it. The personal Dean Peterson attention we provide to our students, our Dean’s Dean’s Alumni Events ....................11 commitment to academic excellence, and our focus on ethics, social responsibility, and service to society are all steeped in the mission of our institution and are to be ON THE COVER: expected at a Jesuit business school. RED WILLOW VINEYARD IN THE Increasingly, we are emphasizing the importance of ethical leadership in YAKIMA VALLEY WITH A VIEW business, and our new mission statement calls this out as a key focus and competence. OF MT. ADAMS Global education is of increasing importance to the university and has long been an important part of the Albers School. Our new mission statement serves to underscore our focus on global business and programs going forward. Within the new strategic plan, we have developed key initiatives around faculty scholarship, curriculum development, global education, technology, human resources, and the Seattle University Youth Initiative. The latter is a university wide effort to support youth and families in Seattle’s Bailey Gatzert Elementary School neighborhood, an area that adjoins our campus. As we move forward on these initiatives, you will be hearing more about them in the Albers Brief. Thank you for your support of the Albers School. As always, please contact me at [email protected] with your questions or comments. ALBERS BRIEF Editor: Barb Hauke ([email protected]) Contributor: Steve Brilling Joe Phillips Dean: Joseph Phillips Dean A publication of the Albers School of Business and Economics Albers School of Business and Economics Seattle University 901 12th Ave., P.O. Box 222000 Seattle, WA 98122-1090 www.seattleu.edu/albers P A G E 2 I ALBERS SCHOOL OF BUSINESS AND ECONOMICS Albers Leads Graduate Program Benefits Students and the Community he Community Development and Entrepreneurship Clinic “The Community Development & Entrepreneurship Clinic (CDEC) was created with Seattle comes as close to representing the DNA of Seattle U as any TUniversity’s powerful mission in mind, i.e. “Seattle University is dedicated to university program I’m aware of.” – Steve Brilling educating the whole person, to profes- sional formation, and to empowering in their current positions as well as in the program. For the first time, an Albers leaders for a just and humane world.” future. MBA student, Laura Fletcher, is working “The Community Development & “As a person who’s always wanted with Community Capital Development Entrepreneurship Clinic comes as close to pursue entrepreneurial opportunities, (CCD) assisting in doing loan request to representing the DNA of Seattle U as the Clinic offers the unique experience of due diligence. This opportunity came any university program I’m aware of,” intimately working with small business about as part of a larger agreement that explains Steve Brilling, Executive Director owners and developers. The partnership Seattle University made with CCD of the Entrepreneurship Center. “The that is formed has proven to be both by lending them $100,000 at a very students provide a much needed service humbling and empowering for all favorable rate, which they can in turn to an underserved business community participants,” says Jason Chu, a current loan to the community as part of their while at the same time they are growing student in the Clinic. overall program. in their personal entrepreneurial skills Business and law students are So far, the internship seems to be through real, hands-on learning.” partnered up to form a team that provides going very well for Laura, who says, Founded in 2005, CDEC is a joint clients with practical business and legal “As an intern at CCD I am working venture between the Albers Entrepreneur- advice which will assist them in their new with loan officers in the preliminary ship Center and the Ronald A. Peterson and existing business ventures. Each team review of business loan applications. Law Clinic and Center on Corporations, is also assigned business and legal mentors This entails analyzing loan requests and Law, & Society, which is part of Seattle to give the students access to a seasoned reviewing business plans and financials. University’s School of Law. CDEC group of professionals. The course also It is energizing to apply my MBA course clients come primarily from community provides students with an opportunity to work in assessing each loan and making based organizations such as Washington reflect upon the broader socio-economic recommendations. I am very impressed CASH (www.washingtoncash.org) and context of micro-enterprise and how they with the work CCD does in the Community Capital Development might continue to work with promising community and in helping entrepreneurs (www.seattleccd.com) working in partner- entrepreneurs in the future. As a joint realize their dreams and promote ship with Seattle University. law and business clinic (there are still economic development in Seattle.” The inspiration behind CDEC is only a handful of these joint programs in the global micro-enterprise movement to the country because they are hard to do), help alleviate poverty by underwriting clients, students, and mentors learn about entrepreneurial business ventures. The the value of cross-fertilization between perfect coupling of entrepreneurship the fields of business and law and the and micro-finance is created when small extra business value that can be created loans are given to start-up enterprises when they intersect. that are run by low-income individuals A new aspect of CDEC this year is who often are new to running a that students have begun working with business. They have vision, drive, and their clients to determine if they could determination, but often face personal use additional funding. If there is a good and systemic challenges to developing case for more financial assistance, the a successful business. The insights, Entrepreneurship Center will provide skills, and confidence students receive interim funding to help underwrite these by working in this Clinic offer them loans. An internship opportunity has invaluable experience which they can use also recently been introduced into this ALBERS BRIEF I P A G E 3 Jot Yau’s (Professor of Finance) paper, “Reported Best Practices for Creative Collaboration by Cross- Michael Harris, and Shanan Gibson (East Carolina trade figure discrepancy, regulatory arbitrage, and Sector Partnerships,” co-authored with Marya Cotton University), will appear in the Journal of Applied round-tripping: Evidence from the China–Hong (CUNY), has been accepted for publication by the Management and Entrepreneurship. Journal Kong trade data,” co-authored with Hung-Gay University of Pennsylvania School of Law’s Stacey Jones (Senior Lecturer of Economics) and Fung and Gaiyan Zhang (Missouri – St. Louis), will of Law and Social Change. Bridget Hiedemann’s (associate Professor of Journal of International Business be published in the Rex Toh (Professor of Marketing), Fred Dekay Economics) article, “Learning Statistics at the Studies. (Associate Professor of Economics), and Peter Farmers Market? A Comparison of Academic Service Tina Zamora’s (Assistant Professor of Accounting) Raven’s (Professor of Marketing) article, “Travel Learning and Case Studies in an Introductory article, “Does Greater Risk-Bearing in Stock Option Planning: Searching for and Booking Hotels on Statistics Course,” will be published in the Journal Compensation Reduce the Influence of Problem the Internet,” will appear in the Cornell Hospitality of Statistics Education. Framing on Managerial Risk-Taking Behavior?” Quarterly. Jot Yau’s (Professor of Finance) article, “The Impact co-authored with Kim Sawers (Seattle Pacific) and Bonnie Buchanan’s (Assistant Professor of of Sovereign Risk on Bond Duration: Evidence from Arnold Wright (Northeastern), has been accepted Finance) paper, “Emerging Market Benefits, Asian Sovereign Bond Markets,” co-authored with Behavioral Research in Accounting for publication in . Investability, and the Rule of Law,” co-authored Hei-Wai Lee and Yan Alice Xie (Michigan-Dearborn), Eric Wehrly’s (Visiting Assistant Professor