2012 COLLEGE OF BUSINESS ANNUAL REVIEW Fulfilling OUR MISSION

ADMINISTRATION At the heart of the mission of the College of Business is our quest to

INTERIM DEAN translate theory into practice throughout the college. We are fulfilling Daniel Hollas this mission by integrating our academic experiences with real-world

ASSOCIATE DEAN, RESEARCH opportunities for our students. Hamid Beladi During this year’s successful reaccreditation by AACSB International, ASSOCIATE DEAN, EXECUTIVE EDUCATION the review team was especially impressed by the professional Robert Lengel development activities we offer through our Center for Student Professional Development. The center provides a broad approach ASSOCIATE DEAN, UNDERGRADUATE STUDIES to professional career development that includes activities such as Lisa Montoya résumé review, mock interview sessions, company site visits, industry

ASSOCIATE DEAN, panels and business etiquette training. GRADUATE STUDIES Diane Walz In this issue you’ll also read about the college’s innovative approach to leadership. What began as a scholarly journey for our Associate Dean Robert Lengel has materialized DEPARTMENT CHAIRS into a transformational leadership experience for students that participate in the college’s Leadership

ACCOUNTING Challenge, Executive MBA and customized executive leadership programming. James E. Groff Finally, there is no better reflection of this mission than the work of our faculty who are producing ECONOMICS Kenneth Weiher top-tier research addressing real-world problems. They then infuse that knowledge into the classroom by sharing insights they’ve learned with their students—knowledge that wouldn’t be ENTREPRENEURSHIP AND MANAGEMENT OF TECHNOLOGY available in textbooks. William Flannery Recognizing the importance of this work, the college is hosting its first research symposium "Bridging FINANCE the Gap: Research and Practice" on Nov. 1 so our faculty can share their research with the community. Lalatendu Misra The event, which is open to the public, will encourage intellectual discourse on the relevant issues in INFORMATION SYSTEMS business today. AND CYBER SECURITY Jan Clark Look for me at the Alamodome this fall cheering on the Roadrunner football team. The camaraderie MANAGEMENT and outpouring of support we saw from the students, staff, faculty and San Antonio community during Robert Cardy our inaugural football season was something I will never forget. I am proud to be a Roadrunner, and I’m MANAGEMENT SCIENCE proud to share with you in this annual report the accomplishments of my fellow Roadrunners. AND STATISTICS Raydel Tullous

MARKETING Daniel Hollas, Ph.D. INTERIM DEAN AND PROFESSOR OF ECONOMICS L. J. Shrum

STAFF

EDITOR Wendy Frost MISSION The College of Business is dedicated to creating and sharing knowledge that enhances the translation of WRITERS theory to practice. The college combines rigor with relevance and provides innovative solutions to global Wendy Frost business challenges. Claire Jenkins Rebecca Luther

PHOTOGRAPHY University Marketing UTSA Business is an annual UTSA College of Business DESIGN University Marketing publication for alumni, One UTSA Circle faculty, staff and friends of San Antonio, Texas 78249 the UTSA College of Business. (210) 458-4313 business.utsa.edu TABLE OF CONTENTS

Meeting the Leadership Challenge How do you train the next generation of leaders? What will future business leaders need to know, do, be? Can these leadership skills be taught? 15

Capital Campaign Against a backdrop of the San Antonio skyline sparkling amid orange and blue fireworks, UTSA officially launched its inaugural capital campaign, We Are UTSA—A Top-Tier 18 Campaign in April.

Giving Back to their Alma Mater Alumni Nancy and Andrew Ozuna are passionate about many things in their lives—their family, their careers and their love of UTSA. 20

In the News 2 Research Report 23

Faculty Forum 6 Benefactors 29

Student Spotlight 11 Advisory Council 31

Alumni Notes 21 In the News

LEFT TO RIGHT LYNDA Y. DE LA VIÑA DANIEL HOLLAS

Dean Steps Down to Return to Teaching

Bringing to a close her eight-year tenure as dean of and in Information Systems and Cyber Security; the UTSA College of Business, Lynda Y. de la Viña and establishing worldwide educational immersion stepped down as dean of the college at the end of programs for students. May. De la Viña, a Peter Flawn Professor, will continue Senior Associate Dean Daniel Hollas has been to direct the Center for Global Entrepreneurship and appointed interim dean of the College of Business. teach in the Department of Entrepreneurship and “Dan Hollas has an extensive record of leadership Technology Management. at UTSA, as well as the widespread support of his “I am grateful to Dr. de la Viña for her leadership colleagues in the College of Business,” said Provost and many years of service to this university,” said John Frederick. “I am confident that he will continue UTSA President Ricardo Romo. “Her vision and to guide the college in the right direction, and I look strategic planning have brought many well-deserved forward to working with him while we conduct a accolades to the College of Business and will continue national search for the next business dean.” to pave the way for great things to come, I am sure.” With more than 20 years of experience at With the support of the faculty, professional UTSA, Hollas has held numerous administrative staff and students of the College of Business, de la appointments including serving as associate vice Viña has led the college on a remarkable journey in president for academic affairs at UTSA and associate achieving national recognition, academic program dean for graduate studies and research in the College growth and a renewed focus on student services. of Business. Prior to coming to UTSA he served as “This decision allows me to transition and department chair in economics and finance at the refocus my efforts in an area of passion for me— University of Mississippi. entrepreneurship,” said de la Viña. “It has been an A professor of economics, Hollas is known for his honor and privilege to serve as dean of the UTSA expertise in industrial organization and regulated College of Business. I deeply appreciate the support industries, with a focus on the effects of competition and assistance I have received from the university in the electric and gas industries. As an administrator, and the San Antonio business community in he has been instrumental in maintaining the college’s partnering with the College of Business in pursuing AACSB International accreditation and has served our mission and achieving our vision.” on the University Scheduling Committee, UTSA Some of her accomplishments for the college Cost Savings Committee and the Core Curriculum included the first national rankings for the MBA Assessment Committee. program by BusinessWeek, Hispanic Business and Hollas holds a doctorate and master’s in the Princeton Review; conceptualizing the Center economics from the University of Illinois at Urbana- for Student Professional Development; establishing Champaign and a bachelor’s in economics from the the Advanced Laboratories for Information University of Houston. Assurance and Security; creating new departments A nationwide search is being conducted for the in Entrepreneurship and Technology Management next College of Business dean.

2 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 In the News

College of Business Reaccredited by AACSB International

In what is tantamount to a gold medal at the Olympics, development for business students; the College of Business earned reaccreditation in the college’s bilingual business business and accounting from AACSB International— certificate program which provides The Association to Advance Collegiate Schools of business students with essential Business. With only 643 accredited business schools Spanish language skills in core and 177 accredited accounting programs, AACSB disciplines; and for its burgeoning accreditation represents the highest standard of entrepreneurship program that achievement for business schools worldwide. has tripled in size and culminates Every five years accredited schools must undergo a with the $100K Student Technology rigorous internal review process to showcase ongoing Venture Competition. improvements in delivering a high-quality business The college’s accounting program education. Three main areas reviewed as part of also went through a separate reaccreditation process. accreditation included strategic management, faculty “We are proud to maintain our AACSB accreditation,” and student participants and assurance of learning. said James Groff, chair of the Department of “Our AACSB accreditation places us among the Accounting. “The committee commended our world’s elite business schools,” said Interim Dean department for our diversity as well as innovative Daniel Hollas. “Less than five percent of the world’s programs incorporating professional development 13,000 business programs have earned AACSB and ethics.” accreditation. This reaccreditation affirms the quality The College of Business has been continuously of our academic programs, faculty members and accredited by AACSB since 1980. student services and programs.” AACSB International is the longest-serving global During the review process, the college was accrediting body for business schools that offer recognized for its Career Action Program which bachelor’s, master’s and doctoral degrees in business provides a broad approach to professional career and accounting.

Quarri Technologies Executive Chairman Donates Cash and Stock to UTSA College of Business

Quarri Technologies, a security software company that empowers organizations to keep their sensitive data secure, announced that Executive Chairman Bill Morrow, ’86 has given the UTSA College of Business a gift of $10,000 cash and 100,000 shares of his company stock to support cyber security research. Morrow, an alumnus of the UTSA College of Business, is a strong supporter of UTSA cyber security and has a history of giving to the university, dating back to 2001. “UTSA is extremely grateful to business leaders like Bill Morrow, who are providing the much-needed community support that UTSA needs to become a to the opportunity to work with UTSA in the future Tier One research institution,” said UTSA President on next generation IT security advancements.” Ricardo Romo. “His gifts will continue to foster cyber Morrow has more than 25 years of business security research.” foundation and leadership experience with Morrow hopes that his example will spur other technology companies. He currently sits on the UTSA alumni who are successful entrepreneurs and UTSA Development Board and has served on the innovators to give back to their alma mater. UTSA College of Business Advisory Council. Morrow “The researchers in the UTSA College of earned a BBA in marketing from UTSA and is a 2002 Business are some of the best in the world,” UTSA Alumnus of the Year. In addition, he was the said Morrow. “Their level of innovation and 2010 Ernst and Young Entrepreneur of the Year Award advancement in network security research is winner for Central Texas. unmatched across the U.S. Quarri looks forward

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 3 In the News

Graduate Programs Receive National Acclaim Recognizing the quality of College of Business graduate programs, the college garnered national attention this year as it was ranked by four separate entities.

Bloomberg Hispanic Business BusinessWeek For the fifth consecutive year, the The College of Business College of Business has been ranked MBA program was ranked one of the top 10 graduate business 6th in the Southwest and 40th in the nation by Bloomberg schools in the nation for Hispanics by BusinessWeek in its biennial business school rankings. Hispanic Business. The college was Three measures were used to compile the rankings. First, a ranked 7th. student survey was sent to part-time MBA students to measure The rankings (in order) included general student satisfaction. UT-El Paso, University of California at Then, academic quality was assessed based on six equally Berkeley, University of New Mexico, weighted measures: average GMAT score, average work UT‑Austin, New York University, experience, percentage of tenured faculty teaching in the University of Virginia, UTSA, University of Miami, Yale University program, average class size, number of business electives and Stanford University. available to part-time MBA students and the program’s Hispanic Business ranked the top 10 universities nationally completion rate. The college ranked 12th nationally in the in business based on five criteria: enrollment of Hispanics, academic quality category. percentage of full-time Hispanic faculty members, availability Finally, post-graduation outcomes such as advancement in of student support and services, retention rates and graduate current position, new job and attainment of career goals were program reputation. determined based on survey responses. Schools included in the Southwest regional ranking were (1) Rice, (2) Southern Methodist University, (3) University of Texas Princeton Review at Austin, (4) University of Texas at Dallas, (5) University of The Princeton Review ranked the Denver and (6) UTSA. college as the No. 3 MBA program in the nation providing the “Greatest Opportunity for Minority Students.” Eduniversal International This is the seventh consecutive year Five different college master’s programs that the College of Business has been were recognized by the Eduniversal ranked in this category. International Scientific Committee. The College of Business shared The programs ranked included the the spotlight with such schools as MBA in Information Systems (23rd), MBA in Emory University, Florida International International Business (30th), MBA in Management of Technology/ University, Fordham University, Howard University, Thunderbird Project Management (30th), MBA in Real Estate Finance (67th) and and University of Massachusetts. MBA in Tourism Destination Development (89th). The Princeton Review conducted surveys with more than “Given our international focus, we are pleased to be included 19,000 business students at the best AACSB-accredited MBA in this inaugural ranking of graduate programs by Eduniversal programs in the world. Business schools were judged based International,” said Daniel Hollas, interim dean. “The programs on institutional data such as percentage of minority students ranked include our areas of specialization, and the ranking and percentage of minority faculty as well as based on student furthers our mission of becoming a top-tier international surveys assessing resources for minority students, culture of business school.” institution and diversity of student body. The rankings were based on a survey of 12,000 masters The College of Business offers a portfolio of 30 graduate and MBA programs in the top 1,000 business schools in 153 business programs that are known for their high quality, countries. The ranking was based on three criteria: (1) reputation flexibility and affordability including the MBA, MBA International, of the program; (2) salary of the first employment of the Executive MBA and specialized master’s programs. Enrolling graduates; and (3) satisfaction of the students. more than 600 graduate students, the college graduate student body is diverse with 34 percent women, 30 percent minorities and 12 percent international students.

4 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 In the News

New Real Estate Graduate Certificate Offered

The College of Business is offering a new graduate certificate established in 2008. The college also offers a bachelor’s program in Real Estate Finance and Development beginning degree in real estate finance and development, a master’s this fall. degree in business administration with a real estate finance The certificate program will provide in-depth knowledge of the concentration and a master of science degree in construction finance, development, accounting and legal principles of today’s science and management. real estate industry. Professionals will develop specialized skills The program, which is comprehensive academically as within this field without the requirement of completing a formal well as professionally-integrated with the San Antonio real degree program. estate community, prepares students for careers managing The 12-hour certificate includes coursework in Foundations businesses associated with real estate and the planning, of Finance for Entrepreneurs, Real Estate Finance, Real Estate financing, developing and construction of building projects. Investment and Real Estate Development. Candidates can apply for this graduate certificate by The college’s dynamic Real Estate Finance and Development enrolling at UTSA as a special non-degree seeking graduate program has grown to more than 150 students since it was student. For more information, call (210) 458-4330.

Speaker Spotlight

Jim Bodenstedt, ’96, president and CEO of MUY Brands, LLC, keynoted the spring Frost Distinguished Lecture. The lecture series, which began in 1988, presents a forum for business leaders and academics to share their experiences in business with students.

UTSA alumnae and San Antonio business leaders shared their experiences in the workplace as part of a “Women in Business” panel held as part of the university’s Women’s History Nancy Kudla, MBA ’87, president of the month celebrations. Kudla Foundation, presented the fall Frost Distinguished Lecture. The lecture Panelists were April Ancira, MBA ’03, series brings prominent business and vice president of Ancira Enterprises; community leaders to UTSA. Sara Dysart, MA ’77, attorney at law; Yvette Segura, vice president of claims service at USAA; and Yvonne Fernandez, Tom DeSot, executive vice president and ’85, assistant vice president of commercial chief information officer at Digital Defense, services at Security Service Federal discussed “Living in the Age of Anonymous” Credit Union. during his presentation as part of the college’s Business Ethics Symposium sponsored by the San Antonio Federal Credit Union. The theme of the symposium was Privacy and Cyber Security.

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 5 Faculty Forum

LEFT TO RIGHT TONY CIOCHETTI K.K. RAMAN Two New Chaired Professors Join Faculty

Two new Tony Ciochetti has been named the Elmo James Wisconsin-Madison and a bachelor’s in finance from Burke Jr. Chair in Real Estate Finance and Development. the University of Oregon. distinguished Ciochetti previously served as the Thomas G. Eastman K.K. Raman is the inaugural holder of the Glenn faculty joined the Chair and chairman of the Center for Real Estate at the L. and Sally P. Ramsdell Memorial Chair in Accounting. Massachusetts Institute of Technology. Raman previously was the O.J. Curry Professor at the College of His areas of expertise include commercial University of North Texas. mortgage credit risk and the role of real estate His research and teaching interests are in the Business in within pension plan portfolios. Ciochetti’s work areas of financial reporting, auditing and the pricing Fall 2012 as has appeared in leading scholarly journals, and he of information risk in global capital markets. Raman regularly consults on behalf of investment banks, is widely published and has more than 30 articles in endowed chairs. institutional clients and development companies. leading academic and professional journals. He has He holds a doctorate and a master’s in real estate a doctorate in accounting from Indiana University, an and urban land economics from the University of MBA from the Indian Institute of Management and a bachelor’s in economics from the University of Calcutta.

New Departments in Entrepreneurship and Cyber Security Created A new academic department was created and since 1975, is the another department was renamed to better reflect founding director of the College of Business strategic priorities. Highlighting college’s Management of the college’s programming in cyber security, the Technology program. Department of Information Systems and Technology “The department Management was renamed the Department of focuses on global WILLIAM FLANNERY Information Systems and Cyber Security. All entrepreneurship, social academic programs remain the same. entrepreneurship and technology entrepreneurship,” The department, chaired by Jan Clark, offers said Flannery. “Our goal is to aim high, grow our bachelor’s degrees in information systems and programming in this area and become nationally infrastructure assurance; an MBA concentration in ranked and respected by the entrepreneurial and information systems; a master’s of science degree technology management communities.” in information technology with a concentration in The department offers a bachelor’s degree infrastructure assurance; and a doctoral degree with in entrepreneurship; MBA concentrations an emphasis in information technology. in management of technology and project William Flannery leads the new Department management; a master’s certificate in technology of Entrepreneurship and Technology Management. entrepreneurship; and a master’s of science degree Flannery, who has been a faculty member at UTSA in the management of technology.

6 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Faculty Forum

Business Faculty Members Receive Regents’ Outstanding Teaching Award Faculty members David Han and Daniel Tablada professional experience in international marketing were bestowed the highest honor by the UT System in teaching Principles of Marketing (in English and Board of Regents—the Regents’ Outstanding Spanish), International Marketing and a special Teaching Award. studies course on the Border Corridor. Known for having the patience of Buddha, “I think the greatest challenge that I offer students Han’s educational career has included instructing is requiring them to apply the knowledge they are everything from middle school mathematics learning in class to real-world situations,” said to graduate level statistics. He has a knack for Tablada, who has taught at UTSA for 10 years. “By simplifying difficult concepts and relating them inviting practitioners in different fields to serve as to real-life problems. Han currently teaches guest lecturers, I can link business concepts to what Probability and Statistics and Mathematical is being taught in the classroom.” DAVID HAN Statistics in the college. Tablada has received the college’s Dean’s “With explosive amounts of data and ever growing Excellence Award for Globalization in 2012, and in computational power, statistical analysis has 2010 he was awarded the President’s Distinguished become an integral part of most research in the 21st Achievement Award for Community Service and the century,” said Han, assistant professor of statistics. college’s Dean’s Excellence Award for Community “My aim in teaching statistical science is to ensure Service. In 2007 he was recognized for his teaching that the students have a strong qualitative grip on by being named the recipient of the college’s Dean’s the quantitative concepts and ideas introduced Excellence Teaching Award. in the courses so that they can apply this new Awardees are selected following a rigorous knowledge to solve real-world problems.” review process. Candidates must demonstrate At UTSA since 2009, Han received the President’s a clear commitment to teaching and a sustained Distinguished Achievement Award for Teaching ability to deliver excellence to the undergraduate DANIEL TABLADA Excellence and the college’s Dean’s Excellence learning experience. Evaluations by students, peer Teaching Award this year. faculty and external reviewers consider a range of Tablada’s students credit him with delivering activities and criteria including classroom expertise, intriguing lectures that stimulate engagement and curricula quality, innovative course development curiosity and cultivate independent thought. A and student learning outcomes. senior lecturer in marketing, he draws upon his own

Business Faculty Member Receives 2011 Howe Teaching Award UTSA is extremely Robert Lengel, associate dean for Executive organization raises funds to help children battling Education, received the Richard S. Howe cancer and the year-round program culminates with a fortunate to have Outstanding Service to Undergraduates Teaching 24-hour dance marathon. so many excellent Award. The award recognizes faculty for developing “UTSA is extremely fortunate to have so many teachers— signature learning experiences for undergraduates excellent teachers—educators who constantly outside the traditional classroom environment. find new ways to motivate our students to achieve educators who Lengel was recognized for his work with the their personal best,” said Provost John Frederick. constantly find Leadership Challenge Program, established by Lengel “The four recipients we are honoring this year new ways to in 1992 to challenge juniors and seniors to broaden are committed to shaping the next generation their leadership perspectives through exposure to of leaders through educational experiences motivate our community leaders and personal reflection about that extend beyond our classroom walls. We are students to service and growth. Most recently Lengel was grateful for their passion and for the countless achieve their instrumental in creating and mentoring the “For the hours they spend to give UTSA students the best Kids” student organization on campus. Modeled possible preparation for successful careers.” personal best.” after a successful program at his alma mater, this –JOHN FREDERICK

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 7 Faculty Forum

Ram Tripathi Elected a Fellow of the American Statistical Association in developing a strong applied, interdisciplinary statistics program at UTSA,” said Jerry Keating, professor of statistics and former department chairman. “He has earned a reputation among his colleagues for his integrity, commitment to the statistics program and his attention to detail.” His most highly-cited work stems from his involvement with the United States Air Force’s ranch hand project—a major epidemiological study of the adverse health effects of dioxin, a contaminant in the herbicide, Agent Orange. His research has been published in such prestigious Ram Tripathi, professor of Tripathi’s research spans the journals as Environmetrics, statistics in the College of Business, divide between the academic Statistics in Medicine, Toxicology was named a fellow of the world and the world of applied and Environmental Health and the American Statistical Association. statistics. His published work American Journal of Epidemiology. “The 48 individuals honored includes 50 journal articles and Tripathi joined the UTSA faculty nationally as 2012 fellows many highly-cited works. Tripathi in 1975 as its first statistician. represent an extraordinary set was selected for his fundamental He is the associate editor of of accomplishments within the research contributions in discrete Communication in Statistics and field of statistics,” said Robert distributions; novel applications served as president of the San N. Rodriguez, president of the and development of statistics in Antonio chapter of the American American Statistical Association. assessing the health effects of Statistical Association in 2000- “Their selection as fellows signifies dioxin on Vietnam-era veterans; 2001 and 2009-2010. He holds that they and their work have and for his outstanding service to a Ph.D. from the University of earned the admiration of their the profession. Wisconsin–Madison. peers, and I congratulate them on “Over a span of 37 years his behalf of our association.” leadership has been instrumental

Two New Faculty Join College of Business

Bruce Rudy, assistant professor of management, and Kristina Durante, assistant professor of marketing, were named new faculty members in the College of Business. Rudy’s research and teaching is focused on strategy. He received his doctorate in strategic management and organizational theory from the University of Texas at Austin. Durante received her doctoral degree in social psychology from the University of Texas at Austin and previously taught at the Carlson School TOP TO BOTTOM BRUCE RUDY of Management at the University of Minnesota. Her research interest is in KRISTINA DURANTE the field of consumer behavior.

8 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Faculty Forum

Three College of Business Faculty Members Selected for the Inaugural Class of the University’s Academy of Distinguished Teaching Scholars Tier One means In recognition of the preeminent role of instructional “But beyond that, this academy also will be a working having excellent faculty in advancing knowledge, three College of group, charged with advocating exceptional teaching Business faculty members have been selected for and learning practices across our campuses.” teaching faculty the inaugural class of the university’s Academy of In addition to being an internal campus resource, and excellent Distinguished Teaching Scholars. Tom Cannon said the establishment of the academy Charter members of the academy were selected sends a strong message to the community that the researchers.” from the university’s past recipients of the UT System university places a high value on its teaching mission. –TOM CANNON Regents’ Outstanding Teaching Award. College “Tier One means having excellent teaching of Business academy members are Tom Cannon, faculty and excellent researchers,” said Cannon. senior lecturer in marketing; Ermine Orta, lecturer in “Parents want to send their children to a university management science and statistics; and Rick Utecht, that will educate them, teach them and provide associate professor of marketing. They are joined by them with the skill sets and knowledge to begin 14 colleagues from UTSA. their careers. From my perspective, the academy “Recognizing our most effective classroom shows our external audiences that we have the teachers is important in continuing to foster a culture faculty here who can do that.” of excellence at UTSA,” said Provost John Frederick.

Finance Faculty Member Publishes Book on Technical Analysis

Julie Dahlquist, senior lecturer in finance, has published her third book on technical analysis, Technical Analysis of Gaps. Gaps represent price jumps that could signal profitable technical trading opportunities. Using 17 years of comprehensive data, the book shows how to identify strategic gaps with high‑profit potential in order to trade more successfully. The book addresses such issues as gap size, volume and previous price movement; and integrates their insights into practical, actionable gap-related trading strategies for stocks, futures and options. Technical analysis is a method used to make investment decisions based on the study of past market data, primarily price and volume data. Rooted in economic theory, technical analysts study the actions of the market in order to forecast the direction that the market will continue. Dahlquist, a renowned technical analyst researcher, is a certified chartered market technician. A frequent presenter at national and international conferences, Dahlquist was honored last year by the Market Technicians Association for her paper on this issue.

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 9 Faculty Forum

Kudos

Glenn Dietrich and Chino Rao have both been Dianna Stone, professor of management, was promoted to professor of information systems and awarded the Sage Scholarly Achievement Award by cyber security. the Academy of Management in recognition of career contributions to research on gender and diversity. She Marshall Pitman, professor of accounting, has been also received the Leading Editor award from Emerald appointed to the Board of Trustees of the American Publishing Company for her work as editor of the Institute of Certified Public Accountants Foundation. Journal of Managerial Psychology.

Pamela Smith has been promoted to professor of accounting.

Business Faculty Members Honored During College’s Awards Ceremony

Eleven faculty Keith Fairchild, associate professor of finance Linda Vaello, lecturer in accounting members E. Lou Curry Teaching Excellence Award Dean’s Excellence Award for University Service for Non-Tenure-Track Faculty were honored David Han, assistant professor of statistics for excellence Dean’s Teaching Excellence Award Ray Teske, assistant director of the Real Estate in the areas for Tenure-Track Faculty Finance and Development program of teaching, Dean’s Excellence Award for Community Service Mark Phillips, lecturer in management research and Dean’s Teaching Excellence Award Daniel Tablada, lecturer in marketing service at for Non-Tenure-Track Faculty Dean’s Excellence Award for the annual Advancing Globalization Allen Zhang, associate professor of marketing College of Col. Jean Piccione and Lt. Col. Philip Tina Lowrey, professor of marketing Business Piccione Endowed Research Award Endowed 1969 Commemorative Faculty Awards Award for Overall Faculty Excellence Onur Bayar, assistant professor of finance Ceremony. Dean’s Research Excellence Award Stewart Miller, associate professor of management for Tenure-Track Faculty Endowed 1969 Commemorative Faculty Award for Overall Faculty Excellence Elaine Sanders, associate professor of accounting Patrick J. Clynes Service Award

In Memoriam

Rolando Quintana, professor of management application of statistical quality control, sampling science and statistics, passed away December 12, design, engineering statistics and predictive modeling 2011. A native of Cuba, Quintana was a business in the areas of safety and manufacturing engineering faculty member since 2003. and management and environmental management. “Dr. Quintana was a caring, knowledgeable and In 2001 he was awarded a national technical respected professor who was appreciated by his innovation award from NASA for the development of students,” said Victor De Oliveira, associate professor a monitoring, control, tracking and prediction safety of management science and statistics. “He was an model, and he was also a previous recipient of the extraordinary colleague and friend, always supportive National Intelligence Certificate of Distinction for his and willing to help. He’ll be missed in the department.” electronic warfare work during the Gulf War. His research and teaching interests were in the

10 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Student Spotlight

Top 100 Business Students Recognized by College

Representing the top two percent of all business students, the College of Business recognized the 100 Best business students last fall in an inaugural ceremony attended by university administrators, alumni and business and community leaders. “The College of Business has placed a renewed focus on academics, professional development and career services for our students,” said Lisa Montoya, associate dean for undergraduate studies. “We are transforming business students into business “Attending UTSA as a second the Honors College and participated professionals.” generation Roadrunner has proven to in the college international immersion Honorees were junior and senior be the best decision that I could have program. Ten percent of the students business majors who were nominated possibly made,” said Andrea de la were veterans or served in the Reserve by faculty and staff. The students Garza, ’12, a recent finance graduate. Officer Training Corps and 70 percent of were chosen based on their record of “UTSA is more than just a university. For the students completed an internship or outstanding academic achievement, me, UTSA represents pride in one’s city, held a professional position while also leadership and professional home and culture.” being active in a student organization. development. Each student received a As a group, the 100 Best had an lapel pin that denoted their honor and average grade point average of 3.7. One served as ambassadors for the college. third of the students were members of

UTSA Accounting Students Give Back to the Small Business Community Students learn to address complex College of Business accounting students spent Working in partnership with the Institute for the semester putting their accounting skills to Economic Development Small Business Development problems in a real practice while also serving the local small business Center and new partner Accion, small businesses are world setting and community. The Accounting Practicum course, taught partnered with accounting students who consult for by Senior Lecturer Gary Bridges, allows students to those businesses throughout the semester. the businesses gain hands-on experience in the accounting industry “This program prepares students for the workplace, gain a better and focuses on the importance of service learning to benefits the local small business community and the community. ultimately strengthens the region’s economy,” said understanding Since the program’s inception in 2008, students Bridges. “Students learn to address complex problems of their financial have completed 10,000 hours of community service— in a real world setting and the businesses gain a better amounting to $1 million in services provided to small understanding of their financial situations.” situations.” business clients. –GARY BRIDGES

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 11 Student Spotlight

Finance Students Place First in CFA Global Research Competition

In addition to their academic preparation, the students also credit their participation in the college’s Investment Society, a student organization dedicated to learning about and applying finance. “Our student’s success is a direct result of the top-notch teaching by our faculty combined with the applied learning experiences our students receive through the college’s Financial Studies Center,” said Ron Sweet, finance faculty member and advisor to the Investment Society. “UTSA has created a learning atmosphere that is unmatched by other schools.” The UTSA team beat out 19 competitors from the Texas, Louisiana and Oklahoma region including teams from Loyola, Rice, Southern Methodist University, Texas Tech and Tulane. This was UTSA’s THIBAUT GUIDET, The key to being a great financial analyst instead of third year participating in the competition and their NEAL ORSBURN AND TIBY ERDELY just a good one might be as simple as attending the first win. WON THE CFA right university. A team of finance students from the As part of the competition the team had to prepare INSTITUTE College of Business proved that theory by placing a company valuation of Gamestop, that included REGIONAL RESEARCH first in the CFA Institute Research Challenge, a global producing a written report and presenting their CHALLENGE. competition which tests financial analytical skills of findings during an oral presentation. More than 3,000 business students from throughout the world. students from 600 universities in nearly 50 countries Team members were recent graduates Tiby Erdely, participated in this year’s competition. ’12, finance;Thibaut Guidet, ’11, finance; and Neal The students credit their success to the passion Orsburn, ’12, accounting and finance. of their mentor Ron Sweet. “We all love finance, but “We proved that UTSA finance students are top tier,” we’ve never met a person more passionate about his said Guidet. “We can not only compete with some of students or finance than Professor Sweet,” said Erdely. the best business programs in Texas, but we can beat “He even offered to pull an all nighter with us to help them. Our finance education gave us the tools we us succeed.” needed to succeed.”

Founders Council Members Mentor Real Estate Students

This program Eighteen real estate students learned firsthand Eighteen students have participated in the allows me about the real estate industry through a professional program since its inception last fall. Mentors have mentoring program sponsored by the Real Estate included Jeff Bailey, ’86, Bob Barnes, Chuck Calvin, to share my Finance and Development Founders Council. Plack Carr, Pat Duncan, Walter Embrey, Silvia passion for The mentorship program began last fall and Gangel, Brent Given, ’85, Laurie Griffith, Dale Kane, education provides students an opportunity to connect Kevin Roberts and Tim Swan. with the with industry professionals for career guidance “This program allows me to share my passion for and professional development opportunities. education with the students, and to ensure that the students…” Participants were encouraged to meet monthly next generation of industry professionals is prepared –LAURIE GRIFFITH throughout the semester. for the workforce,” said Laurie Griffith, executive vice “The REFD mentorship program will benefit me long president at Texas Capital Bank. “I’ve also learned after I graduate from UTSA,” said Daniel Rodriguez, that students today have expanded their horizons and a senior in the program who was mentored by Silvia are ready to embrace not only local, but global job Gangel. “Ms. Gangel has been an excellent resource opportunities as well.” for me and has demonstrated how to achieve success through perseverance, hard work and leadership.”

12 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Student Spotlight

Business Scholars Program Succeeds in Mission of Graduating Students

Established in 2002 as a program to help first- activities. The program boasts an 84 percent generation college students make a smooth transition retention rate for participants. from high school to college and on to graduation, Business Scholars Program graduates were the Business Scholars Program (BSP) in the College Crystal Aldrighette, Juan Cabrera, Esther Cole, of Business celebrated its biggest accomplishment Laura Cox, Jessica Figueroa, Laura Galvan, Daysi yet—the graduation of 22 students from the program Garcia, Angelica Garcia, Jamaal Hollingsworth, in one semester. Carmen Lafuente, Patricia Lara, Rochelle “I am very thankful for everything the Business Mata, Rose Ornelas, Oanh Pham, Luis Reyes, Scholars Program has offered me,” said Rose Ornelas, Jo Rios, Courtney Skelly, Ryan Smith, Nadine ’12, a marketing major. “I have grown as a professional Suh, Christian Tijerina, Cynthia Urrea, and thanks to the events, workshops and conferences that Joseph Valencia. I have attended. I’m also grateful for the academic “The Business Scholars Program serves as a assistance and scholarship opportunities that helped community of support for academic achievement, me accomplish my goals.” friendship and professional development,” said Rosa BSP provides academic, leadership and Garza-Girdy, director of undergraduate studies and professional development services for first-generation the Business Scholars Program. “Participating in a college students. Students also develop leadership community of like-minded students who face the skills through mentorship and community service same challenges enriches the college experience and makes students more likely to realize their goals.”

UTSA Business Student Named Pearson National Fellow

During his senior year Caleb Pendleton, ’12 was one at a ceremony at the Smithsonian in Washington, D.C. of 20 students nationwide awarded the Pearson Prize “There are three things that I love: business, for Higher Education. The award, given by the Pearson technology and helping people. I’ve been fortunate to Foundation, recognizes students who distinguish be able to combine each of these passions in my life.” themselves through commitment to community service. Pendleton, who recently completed his “It was an amazing experience to learn from other undergraduate degree in information systems, is fellows about their community service work,” said the co-founder of a real estate company focused on CALEB PENDLETON Pendleton who received the $10,000 award last fall assisting low-income families own homes.

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 13 Student Spotlight

BUSINESS STUDENTS PARTICIPATED IN INTERNATIONAL IMMERSIONS TO ABU DHABI, MALAYSIA, CANARY ISLANDS, FINLAND, CHILE AND SPAIN.

Business Students Travel Around the Globe in Summer Immersion Programs

Seventy business students participated in seven “Students visit businesses from the most prominent international immersion programs funded by the industries in their respective countries. In the Middle College of Business this summer. East, the students explored the energy, shipping and These 10-day intensive immersion programs, led transportation industries. In Malaysia the students by faculty members, include academic presentations, studied Islamic finance and toured Groupon.” visits to local corporations and cultural experiences. The immersions give students an introduction to Prior to the immersion experience, students study the challenges of doing business internationally. “It’s the history, culture and socioeconomic conditi0ns of like a textbook coming to life,” said Jesus Valadez, each country. Following the experience the students a senior majoring in international business who complete a final project. participated in the Spain immersion. “We learn about This year’s trips featured new excursions to the management and operations in different cultures in Middle East, Asia and Australia. Immersion locales the classroom, but to see it firsthand really makes a included Abu Dhabi/Dubai, Argentina/Chile, Australia/ big impact.” New Zealand, Canary Islands, Finland, Malaysia/ Since the inception of the international business Singapore and Spain. immersion program in 2007, 322 students have “Immersions broaden global perspective and participated in exchanges to Argentina, Australia, unequivocally make the point that business is done Brazil, Canada, Chile, Finland, Malaysia, Mexico, differently around the globe,” said Lisa Gomez, Morocco, New Zealand, Singapore, Spain, United Arab director of international engagement in the college. Emirates and Vietnam.

14 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Leadership

Meeting the EMBA STUDENTS EXPLORE LEADERSHIP THROUGH LEADERSHIP CREATIVE EXPERIENCES. Challenge How do you train the next generation of leaders? What will future business leaders need to know, do, be? Can these leadership skills be taught?

These questions and many others form the basis for the academic journey taken by Robert Lengel, associate dean of executive education and director of the college’s Center for Professional Excellence (CPE). Lengel has spent the bulk of his career pursuing the nature of leadership. He and his colleagues in the CPE have watched leadership development programs fall short in creating leaders who impact their organizations. In response, the CPE was established as a living laboratory to study how to nurture leaders. “Leaders are natural. Everyone has leadership potential. The challenge is creating the conditions for its emergence,” said Lengel, associate professor of management. As the French novelist Marcel Proust wrote “the only real voyage of discovery consists not in seeking new landscapes but in having new eyes.” The CPE is looking at the leadership development challenge with new eyes and has become the home for transformational leadership experiences. And, the most visible program where these concepts are explored is the college’s Executive MBA (EMBA) program. “As executives you don’t always get a chance to experiment and try new things,” said Hal Adams, EMBA ’12, vice president of retail merchandising at Valero. “The EMBA program allows you to express

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 15 Leadership

WILLIAM DI FILIPPO (TOP) AND TRACY your creativity through new language, new ways of thinking and new JACKSON (RIGHT) ways to conduct conversations.” TAKE PART IN THE LEADERSHIP JOURNEY. The college’s EMBA, a 21-month lockstep program for seasoned professionals, is a personal learning journey that invites participants into a learning community to explore foundational business topics within the context of a personal leadership inquiry. “I valued the uniqueness of the program,” said LaSalle Vaughn, EMBA ’12, a director within external affairs at USAA. “Combining creativity with business and offering us a platform to practice those skills has been vital to my leadership development.” “The Executive MBA program was a gift, an opportunity to reflect and be introspective,” said Tammy Mallaise, EMBA ’12, director of employment and labor relations at Zachry Industrial, Inc. “Exploring my personal leadership edges and how these can manifest themselves to benefit an entire organization was the most meaningful part of the experience.” In addition to traditional coursework in accounting, marketing, finance and economics, leadership is a note played throughout the curriculum. “The focus is not on leadership development, but is on setting the conversational stage—ultimately creating the culture to allow leaders to emerge in the context of doing leadership work,” said Lengel. “We help students be more open minded, more accepting of diversity of thoughts, more creative and, in general, to be more able to think in complex ways.” The EMBA program begins each semester with a two-day leadership seminar that employs dialogic and experiential methods

16 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Leadership

to set the context for the program. Coursework conversations, to listen more and take in different points in management and behavior in organizations, of view.” organizations in transition and social issues in business With almost 400 graduates, the UTSA College of build on those concepts. Business Executive MBA has been successful in planting “The program makes you push the boundaries of what the seeds that will allow leadership to flourish for their you think you can do,” said Tracy Jackson, ’93, EMBA ’12, graduates, their companies and San Antonio. vice president of finance and treasurer at Tesoro. “A lot of “Throughout the EMBA program we referred to a leaders are driven by a fear of failure. Experiences such as metaphor from Zen And the Art of Motorcycle Maintenance the ropes course or singing in front of an audience pushed about experiencing life from inside the compartment of a us out of our comfort zone. We realized that even those car or on a cycle where the experience is more alive,” said things that we fear are not insurmountable.” William Di Filippo, ’91, EMBA ’11, senior vice president at A unique element in this leadership journey is the Frost. “The UTSA EMBA program provides the foundational incorporation of the arts throughout the curriculum. concepts and skills required to be successful in business Students worked with poets, created artwork, sang, and makes them alive and meaningful for individuals in the CONVERSATION IS A VITAL COMPONENT OF THE acted and participated in martial arts. Incorporating context of today’s organizations.” COLLEGE’S LEADERSHIP these elements allow the students to metaphorically PROGRAMS. explore leadership concepts while opening their minds to new possibilities. “You can’t learn leadership on paper, you have to act it out,” said Joseph Lopez, EMBA ’09, a physician with Alamo City Medical Group. “We were challenged to leave our comfort zone by singing, dancing and acting.” “The leadership components serve as a practice lab for the students to develop a leadership mindset,” said Kandis Larkey, EMBA ’04 and associate director of the EMBA. “Students begin to shift the language used to convey leadership concepts and explore the capacities necessary to steward the organizations commons.” Learning to think more strategically and in more complex ways is a core leadership capacity addressed in the EMBA program. Managers are traditionally called upon to solve problems by simplifying the issue. In contrast, leaders must be able to adapt—to see the bigger picture to keep their organizations competitive. “Strategic intelligence is a big part of my role, how do we deal with our stores, customers and our brand,” said Adams. “Management is today, this reporting period. Leadership is a bigger vision. Are we thinking further down the path, building something that is sustainable?” “Before this program, leadership was out of my skillset,” said Nate Barber, EMBA ’09, vice president at Barber & Barber Associates, an engineering consulting firm. “I would instruct and manage. Now I work to lead by example to encourage and empower people.” While leaders are thought of as omnipotent, the EMBA encourages students to suspend their perspectives on business, to be unorthodox in their thinking and to find answers by asking questions. “I’ve learned to ask the right questions, see the bigger picture and learn how to interact with individuals with different perspectives,” saidBernard Arulanandam, EMBA ’07, associate dean of research for scientific innovation and the Jane and Roland Blumberg Professor of Biology at UTSA. “I’ve learned how to have those difficult

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 17 Capital Campaign

Against a backdrop of the San Antonio skyline sparkling amid orange and blue fireworks, UTSA officially launched its inaugural capital campaign, We Are UTSA—A Top-Tier Campaign in April.

With a goal of raising $120 million by 2015, campaign We Are funds will be used to fund student scholarships, aid faculty research, support new institutes and centers and enrich the student experience. Donors can decide where their money will be used. More than $100 million has already been raised since the campaign began in 2009. “We Are UTSA–A Top-Tier Campaign is about people and ensuring strong futures for them. One hundred and twenty million dollars will bring greater opportunity to UTSA UTSA and South Texas,” said President Ricardo Romo. “The campaign is providing a foundation of support that will continue the university’s dynamic progress and ensure that excellence and innovation thrive here.” With state funding continuing to decline every year, community support is needed to ensure that UTSA continues its journey to Tier One status. State

18 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Capital Campaign

appropriations make up about 28 will be used to support graduate student percent of UTSA’s current operating research and education in cyber security. OUR CAMPAIGN GOAL budget, down from 41 percent in 2002. More than $1 million has been Private gifts play a large role in UTSA’s contributed to recruit top-notch faculty advancement by providing an infusion to UTSA through faculty chairs and of funds that can support first-class professorships. Among notable gifts, $120 students, faculty and programming. Steven and Bruce Lee have established “We are elated to see how much the Quincy Lee Distinguished the San Antonio and surrounding Professorship in Real Estate Finance MILLION communities have stepped up to and Development in honor of their father support UTSA through the We Are UTSA with a gift of $500,000. 25% campaign,” said Marjie French, vice Finally, to provide enriching president for university advancement. experiences for all business students, 22% “This is the first capital campaign in H-E-B has given $1 million to the university history, and the response has college’s Center for Student Professional been tremendous. We are so thankful for Development in support of professional CAMPAIGN the commitments and investments that development efforts. In recognition, the PRIORITY all of the donors have made.” center’s premier program has now been GOALS Joining in this effort, the College of named the H-E-B Career Action Program. Business goal is to raise $15.3 million Campaign gifts support students to bring needed resources to the like Corey DeAngelis. Named one of the % % college and expand opportunities to inaugural 100 Best business students, 31 20 help our students succeed. The college DeAngelis is a senior majoring in % is currently at 56 percent of its goal— economics. A graduate of San Antonio’s 2 having raised $8.6 million to date. Taft High School, he has worked two “Just as the start of UTSA’s jobs to pay for school while attending football program has ignited interest full time. $36.7 MILLION in UTSA, the university’s first-ever A scholarship made possible by Creating New Knowledge capital campaign, We Are UTSA, Valero Energy is helping DeAngelis • Chairs and other endowed faculty is inspiring alumni and the San lighten his load and develop as a positions Antonio community to contribute leader. “The scholarship provides me the • Faculty research funding philanthropically to the College of incentive to not only come to school, but $30 MILLION Business,” said Kimberly West, to excel in school. Also, it’s very helpful Enriching Experiences executive director of advancement. to me because I can work less,” he said. • Student activities “Due to the generosity and vision In addition to being a top business • International study programs of individual and corporate donors, the student, he is also president of the College of Business will see the lasting Business Scholars Council, a program $26 MILLION impact of this support in providing that gives first-generation students Serving Society access to excellence for our students, access to exceptional opportunities. • Research centers of excellence creating new knowledge through our “With scholarship support, I can do • Services to benefit the greater faculty and research, serving society more activities, get involved. I can community through our centers and outreach use that extra time to focus on my programs and enriching experiences for education and take advantage of $24.3 MILLION all those touched by UTSA,” said West. the great programs at UTSA so I am Providing Access to Excellence Leadership gifts from Valero prepared to lead in business.” • Scholarships for undergraduates Energy and alumni Nancy, MBA ’87 For more information about the • Fellowships for graduate students and Frank Kudla, ’85 were critical in university’s capital campaign or to • Funding for student access supporting graduate students in the discuss giving opportunities, contact • Funding for retention programs college. Valero’s $1.25 million gift, which Kimberly West at (210) 458-4313. was matched by the State of Texas, giving.utsa.edu $3 MILLION has provided funding for graduate Presidential Priorities fellowships and assistantships. The $500,000 gift from the Kudla Foundation

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 19 Alumni GIVING BACK to their alma mater

“My advice to students is to network, network, network,” said Andrew. “San Antonio is a big small town. Once you get into a profession, you see the same people. You need to know how to position yourself as a trusted advisor, communicate effectively and act with a sense of urgency for clients.” “Student organizations are incubators for building professional networks,” said Nancy, who was active with many UTSA student organizations and served as president of Beta Alpha Psi. “Peer networks begin in school. Get involved, but also become a leader.” Nancy credits in part her experiences at UTSA and the faculty with helping her get started in her career. “My life has been an amazing journey. I’m proud to be the mother of three magnificent kids, and I have had a successful 17-year career in Alumni Nancy, ’93, MPA ’95 and Andrew Ozuna, ’91 public accounting.” are passionate about many things in their lives— “When I started my family, the issue of balancing their family, their careers and their love of UTSA. career and family was a major consideration for us. The Ozunas met at Jefferson High School and Everyone looks for that balance in their lives whether made UTSA their first choice when they went onto they are male or female. I think what I have learned is college. Continuing to call San Antonio home, Andrew that it takes hard work, commitment and the support is a senior vice president for Regions Bank, and Nancy of my family and my firm to constantly work to is a partner at public accounting firm BKD, LLP. achieve balance.” Andrew was immediately attracted to the college’s Nancy continues to maintain her connections to building development program and was active with UTSA. She is chairman of the college’s Accounting the program’s student organization. He went on to Advisory Board, serves on the Alumni Association Texas A&M to complete a master’s in real estate—a gala committee and is a member of the college’s degree that he was thoroughly prepared for because Advisory Council. In 2009 she was named the of his UTSA education. Accounting Alumnus of the Year. Giving back to his alma mater, Andrew is “When I’m interviewing students, I tell them a frequent guest lecturer on campus and has having a strong GPA is just one aspect of what an mentored students. employer is looking for, it tells one part of who you

20 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Alumni Notes

are,” said Nancy, who serves as the Alumni Association Honors Business Alumna San Antonio office partner in charge of recruiting. “But there are many Jeanie Wyatt, MBA ’86 was named attributes that people look for like Alumnus of the Year at the 13th communication, leadership and the annual UTSA Alumni Association ability to multitask.” gala this fall. She is the founder and While UTSA has changed greatly chief executive officer of South Texas since the Ozunas were on campus, Money Management (STMM), a private they are excited about the changes investment company with approximately that are occurring. “Our families $1.8 billion in assets under management. instilled within us the importance of STMM has offices in San Antonio, Austin, giving back,” said Andrew. Dallas and Houston. Prior to forming “We were both afforded great STMM, Wyatt was executive vice opportunity from our time here at president and head of Frost Investment UTSA,” said Nancy. “We believe Services. Her total trust-banking career that you should be involved has spanned 27 years with three bank as a student, then come back holding companies around the state. and give back as alumni.” Wyatt was selected as one of Following their own advice, the Barron’s Top 100 Independent Advisors Ozunas support UTSA through their in 2012—one of seven women to make volunteer activities, their participation the national ranking. She was elected in the Alumni Association and now as San Antonio’s Entrepreneur of the Year football season ticket holders. in 2003 by the Women’s Chamber of “Football has instilled pride into Commerce and is a Texas Business Hall the campus and gives alumni like of Fame honoree. The Alumnus of the Year Award us an outlet to cheer on not only our A chartered financial analyst, Wyatt was established in 1980 to recognize team, but also our university,” said serves on the UTSA Development Board and UTSA alumni who have gained unique Nancy. “We are looking forward to a has an honors degree in actuarial science distinction through their achievements. new season of Roadrunner football.” from the University of Texas at Austin.

Amber Rudolph Named Outstanding Accounting Alumnus of the Year

During the 30th annual Department of Accounting the Chief Audit Executive Scholarship and Awards Celebration, Amber Roundtable and serves on Rudolph, ’95 was named the Outstanding Accounting the Audit Committee for the Alumnus of the Year. With 16 years of experience in Girl Scouts of Greater South auditing, financial reporting and accounting, Rudolph Texas. An active supporter of has worked with small privately held corporations UTSA, she is also a member and large multinational SEC registered companies. of the College of Business She also has significant experience with U.S. GAAP Accounting Advisory Board. and U.S. GAAS. She is the director of internal audit at Professionally, Rudolph is Pioneer Energy Services Corporation. a member of the Institute DEPARTMENT Joining Pioneer Energy Services in April 2010, of Internal Auditors, Texas Society of CPAs and the CHAIR JIM GROFF PRESENTS AMBER Rudolph manages audit engagements for the American Institute of CPAs. RUDOLPH WITH public company, assists the company with process The Department of Accounting recognizes the HER AWARD. improvement and conducts annual risk assessments. accomplishments of accounting alumni by awarding Previously, she worked for 15 years at Ernst & Young, the outstanding alumni award each year. Individuals LLP in San Antonio and completed her tenure there as are chosen based on their career accomplishments the audit senior manager. and their active participation and support of the A certified public accountant, she is a member of department, college and UTSA.

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 21 Alumni Notes

© BONGANI MLAMBO | BONGAJ.COM

Marketing Alumnus to Attempt Record‑Breaking Swim Across Pacific Ocean Attempting to set the Guinness World Record for the patients, it was my longest swim, Ben Lecomte, ’95 will begin his journey decision and I could across the Pacific Ocean this fall. Through the swim, give up at any time. Lecomte will raise awareness and money for cancer. But during my swim, Lecomte is dedicating his efforts to his father who I better understood died of cancer in 1991 at the age of 49. He credits his their suffering and the dad for teaching him to swim as a young boy in France. feeling of not knowing “Life is a big adventure and not only do I hope to be the outcome.” an inspiration for others, but I also draw inspiration by Lecomte’s Pacific seeing the struggles others are able to overcome,” said swim will begin in Lecomte, a marketing alumnus. Tokyo, Japan and be Embarking on an endurance challenge of this completed in San kind is not new to this Roadrunner. In September Francisco, Calif.—a 5,500-mile trek that should take 1998 he completed a swim across the Atlantic Ocean five to six months depending on ocean conditions. His from Cape Cod to the French Shore of Quiberon. The current training consists of swimming 3-5 hours per day, journey spanned 3,700 miles. He was the first to six days per week. During his Pacific swim, his body will accomplish such a feat without the aid of a flotation require a consumption of 8,000 calories per day. device or kickboard. Once Lecomte begins his swim, supporters can When asked about the relation between his battle track his progress via his website, thelongestswim.com, in the ocean and those with cancer, Ben notes, “My with the help of GPS tracking and live video cameras. battle was very different from the one faced by cancer

22 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Research Report

Why is Faculty Research So Important? Hamid Beladi, Ph.D., Associate Dean of Research IBC Bank Senior Faculty Fellow and Professor of Economics

Faculty research publications help in the College of Business and support and further an academic the application of this research institution’s mission to carry out to business by participating in research, deliver teaching and a research symposium hosted facilitate learning. A strong record by the college—“Bridging the of published research by the faculty Gap: Research and Practice.” The increases the prestige for not only symposium, which is free and open that faculty member but also the to the public, will begin at 3:30 university and their discipline. p.m. on Thursday, Nov. 1 in the Conducting research is essential University Center Ballroom. for the scholarly development Faculty members will present of any faculty member. Through on such topics as branding, this continuous research faculty data mining, green building members can not only disseminate and international accounting. their ideas in scholarly journals, but The panel discussions will be also in the classroom to the benefit presented in layman’s terms and of the students. will allow participants to learn And, much like how football about a variety of subjects in a teams are ranked each season, a condensed time format. university’s academic prestige As UTSA and the College of is directly tied to the quantity of Business continue our quest to research published in high quality attain Tier‑One status, faculty and leading academic journals. research will be a vital component I encourage you to learn more in achieving this goal. about the research conducted

Do Stock Heavy CEO Compensation Packages Lead to Lower Stock Returns? When CEOs get paid more in stock and options, their company’s stock returns have a tendency to be lower for the next 1-3 years, according to a study by John Wald, professor of finance. “CEOs can reduce their firms risk if they have too much pay exposure in stocks and options, and lower risk implies lower returns,” said Wald, who has taught at UTSA since 2006. The study, “Too Much Pay Performance Sensitivity,” appeared in the Review of Economics and Statistics this spring. Wald and his co-authors studied a large sample of firms for a 13-year period. The results noted a risk aversion effect in which CEOs mitigated firm risk in order to reduce the risk to their own wealth. “We’ve seen the explosion in CEO pay in the last 20 packages in this manner, Wald says that it is hard to years,” said Wald, who has done numerous studies ignore strong statistical evidence to support his case. on CEO compensation. “And, those increases typically How to remedy this situation? Wald says that come from higher stock and options packages.” directors could focus more on cash bonuses and less While this seems to contradict the reasons why on large stock and options packages to incentivize boards of directors have structured compensation senior management.

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 23 Research Report

Research Addresses Why Disabled People Have a Harder Time Finding Jobs Discrepancies in employment rates between people with disabilities and those without disabilities may be related to the strength of their professional networks according to research by Mark Lengnick-Hall, professor of management, doctoral student Christopher Langford, and doctoral alumnus Mukta Kulkarni, Ph.D. ’06. The authors address their findings in a recent paper “How Do Social Networks Influence the Employment Prospects of People with Disabilities?” The paper is forthcoming in the Employee Responsibilities and Rights Journal. Researchers identified different types of professional contacts in an individual’s network. These contacts include strong ties (“close relationships”) and weak ties (“acquaintance relationships”). Although it is generally believed that strong professional ties have a greater impact on one’s job search, research shows that acquaintance relationships are more important. Since individuals with disabilities have a harder time establishing acquaintance relationships, their employment prospects may be reduced. “By conducting this in-depth study regarding people with disabilities and their professional networks, we hope to have an impact on closing the employment gap between those with disabilities and those without,” said Lengnick-Hall. The team of researchers suggests that a closer look at disabled individuals’ use of professional networks is necessary. In examining this issue, future researchers will need to identify training and development opportunities to assist disabled individuals during the job search.

Does Being Rejected Increase Charitable Behavior?

Being rejected might not be good in the dating world, preferences for various types of clothing brands but it can be beneficial to charitable organizations and asked about their willingness to help or donate according to a study published by L. J. Shrum, money in different situations. professor of marketing, and Jaehoon Lee, Ph.D. ’11 in “The conclusions were consistent across all the Journal of Consumer Research. of the experiments,” said Shrum. “Being ignored The study examined two different types of social increased an individual’s preference for conspicuous exclusion: being ignored versus being rejected—and consumption; being rejected increased one’s their effects on conspicuous consumption and propensity for charitable behavior.” charitable behavior. According to the researchers, different types of Researchers simulated an exchange in which social exclusion heighten different insecurities, which participants felt they were being ignored or rejected in turn results in different types of behavior to repair as part of an online chat session. Immediately those insecurities. following this study, they were then quizzed on their

24 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Research Report

Faculty Publications

Accounting Co-author. “Calls for Reform Co-author. “A Stochastic Dynamic Donald Lien to the U.S. Hospice System.” Programming Approach to Decision Co-author. “Selective Asymmetric Ageing International. Vol. 37, Making in Arranged Marriages.” Capital Financing Behavior: Sharad Asthana No. 2, (2012): 228–237. Applied Mathematics Letters. Preference Toward Equity Financing.” “Abnormal Audit Delays, Earnings Vol. 24, (2011): 2197–2200. Annals of Financial Economics. Quality, and Firm Value in the U.S.” Co-author. “New Requirements for Vol. 7, Issue 1, (April 2012): 1–29. Journal of Financial Reporting and Hospitals to Maintain Tax-Exempt Co-author. “Capital Mobility, Skill Accounting. Vol. 10, No. 2, (2012). Status.” Journal of Health Care Formation and Polarization.” Co-author. “Advancing Theory Finance. Vol. 38, No. 3, (2012): 16–21. Economic Modeling. Vol. 28, and Research on Employee Co-author. “Abnormal Audit Fee Issue 4, (2011): 1902–1906. Behavior in China.” Journal and Audit Quality.” Auditing: A Co-author. “Quality Measures of Managerial Psychology. Journal of Practice and Theory. for the U.S. Hospice System.” Co-author. “Ecological, Economic, Vol. 27, Issue 1, (2012): 4–8. Vol. 31, No. 3, (2012). Ageing International. Vol. 37, and New Synthetic Perspective No. 2, (2012): 165–180. in Range Management: An “A Note on the Performance Co-author. “Differential Changes in Interpretative Essay.” International of Regime Switching Hedge the Value-Relevance of Earnings Co-author. “Cross-Sector Review of Environmental Strategy.” Journal of Futures and Book Values Over Time: Collaborations—Strategies and Resource Economics. Markets. Vol. 32, (2012): 389–396. Financial Versus Other Industries.” for Nonprofit Organizations to Vol. 5, (2011): 147–198. International Journal of Accounting Effectively Partner with “A Note on Utility-Based and Finance. Vol. 3, No. 4, (2012). For‑Profit Organizations.” Co-author. “North-South Futures Hedging Performance Journal of Business and Accounting. Outsourcing, Immigration, and Measure.” Journal of Futures Jeff Boone Vol. 4, No. 1, (2011): 24–36. Skilled Wages: Through the Lens Markets. Vol. 32, (2012): 92–97. Co-author. “Abnormal Audit Fee of Incomplete Contracts.” Review and Audit Quality.” Auditing: A Sandra Welch of Development Economics. Co-author. “Confucius Institute Journal of Practice and Theory. Co-author. “An Analysis of Vol. 15, Issue 3, (2011): 417–428. Effects on China’s Trade and FDI: Vol. 31, No. 3, (2012). Computer Fraud: Schemes, Isn’t it Delightful When Folks Detection, and Outcomes.” Co-author. “Protection, Involuntary Afar Study Hanyu?” International Cathy Cole Issues in Information Systems. Self-Employment and Welfare.” Review of Economics and Finance. “International Best Practices for Vol. 12, No. 1, (2011): 206–212. Japanese Economic Review. Vol. 21, (2012): 147–155. MD&A.” The Journal of Corporate Vol. 62, No. 2, (2011): 184–195. Accounting & Finance. Jennifer Yin Co-author. “Emerging Issues in (September/October 2011): 51–63. Co-author. “Executive Perquisites, Co-author. “Rural-Urban Migration Theory and Research on Employee Excess Compensation, and Pay for and Multinational Firms.” The Behavior in China.” Journal of Dana Forgione Performance.” Journal of Academy Annals of Regional Science. Managerial Psychology. (2012). Co-author. Costly Reflections in a of Business and Economics. Vol. 46, (2011): 417–426. Midas Mirror: Instructor’s Guide and Vol. 11, No. 2, (2011): 260–268. Co-author. “The Effects of a Brach Discussion Questions. Durham, NC: Co-author. “The Effects of Campus.” Education Economics. Carolina Academic Press, (2012). Collateralizable Income and Debt Vol. 20, (2012): 386–401. Economics Overhang on Entrepreneurial “DRG–Based Healthcare Investment in an Open Co-author. “A Procedure for Testing Payment Systems Around the Regional Economy.” Journal Granger Causality of Infinite Order.” World: Is There Any Association Hamid Beladi of Regional Science. Vol. 51, International Journal of Business and with the Cost or Quality of Co-author. “International Capital No. 4, (2011): 768–783. Economics. Vol. 10, (2011): 165–170. Care?” San Antonio Medicine. Mobility and Free Trade Once Vol. 65, No. 3, (2012): 34–35. Again.” Review of International Co-author. “Wage Subsidy and Co-author. “International Trade, Economics. Vol. 20, Issue Welfare in Developing Countries.” Foreign Direct Investment, and “How Recession and Inflation 1, (February 2012): 59–71. Economics & Politics. Vol. 23, Transaction Costs in Languages.” Affect Practice Management Issue 2, (2011): 239–253. Journal of Socio-Economics. Decisions.” San Antonio Medicine. Co-author. “Market Structure and Vol. 40, (2011): 732–735. Vol. 64, No. 11, (2011): 18–19. Strategic Bi-Sourcing.” Journal of Fathali Firoozi Economic Behavior and Organization. Co-author. “A Procedure for Testing Long Liu “Not Afraid Anymore.” Vol. 82, (2012): 210–219. Granger Causality of Infinite Order.” Co-author. “The Hausman-Taylor San Antonio Medicine. Vol. 64, International Journal of Business and Panel Data Model with Serial No. 7, (2011): 22–23. Co-author. “On Competition Economics. Vol. 10, (2011): 165–170. Correlation.” Statistics and for Listings.” Economics Letters. Probability Letters. Vol. 82, Issue Dennis Lopez Vol. 114, (2012): 315–318. Edgar Ghossoub 7, (July 2012): 1401–1406. “Auditoras de Cumplimiento en los “Liquidity Risk and Financial Programas de Fondos Federales Co-author. “Stochastic Competition: Implications for Co-author. “Estimating Multiple- de los Municipios de Puerto Processes and Target Zones Asset Prices and Monetary Policy.” Input Multiple-Output Production Rico.” Revista Frum Empresarial. Revisited.” Economics Letters. European Economic Review. Vol. 56, Functions with an Analysis of Credit Vol. 16, No. 2, (2011): 1–17. Vol. 116, (2012): 34–36. (February 2012): 155–173. Unions.” Applied Economics. Vol. 44, Issue 12, (2012): 1583–1589. Pamela Smith Co-author. “An Alternate Approach Co-author. “The Role of Co-author. “2008 Auction Rate to Modeling the Slack Season Financial Sector Competition Co-author. “An Improved Generalized Securities Market Collapse and Provision of Guided Tours to for Monetary Policy.” Canadian Moments Estimator for a Spatial U.S. Nonprofit Health Systems.” Tourists.” Tourism Management. Journal of Economics. Vol. 45, Moving Average Error Model.” Qualitative Research in Financial Vol. 32, (2011): 1047–1049. (February 2012): 270–287. Economics Letters. Vol. 113, Issue Markets. Vol. 4, No. 1, (2012): 68–83. 3, (November 2011): 282–284.

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Melody Lo Entrepreneurship and Raymond Teske Chino Rao Co-author. “Selective Asymmetric Technology Management Co-author. “I’m in the Band, Now Co-author. “Occupational Cultures Capital Financing Behavior: What Do I Do? An Analysis and of Information Systems Personnel Preference Toward Equity Financing.” Application of Business Law and Managerial Personnel: Potential Annals of Financial Economics. Kevin Grant Principles to the Formation and Conflicts.” Communications of Vol. 7, Issue 1, (April 2012): 1–29. Co-author. “Technology Transfer Operation of a Band.” Southern the Association of Information Contracts Between R&D Labs and Journal of Business and Ethics. Systems. Vol. 29, Article 31, (2011). Saeid Mahdavi Commercial Partners: Choose Vol. 3, (2011): 87–106. Co-author. “Fiscal Stringency and Your Words Wisely.” Journal Diane Walz Fiscal Sustainability: Panel Evidence of Technology Transfer. Vol. 37, John Wald Co-author. “Assessing Researcher from the American State and Local Issue 4, (2012): 577–587. Co-author. “How Crosslisting Publication Productivity in the Governments.” Journal of Policy Affects Merger and Acquisition Leading Information Systems Modeling. Vol. 33, (2011): 953–969. Woodie Spivey Activity.” Review of Quantitative Journals: A 2005–2009 Co-author. “Technology Transfer Finance and Accounting. (2012). Update.” Communications of John Merrifield Contracts Between R&D Labs and the Association for Information “Instructional Comparative Commercial Partners: Choose Co-author. “Too Much Pay Systems. Vol. 29, Article 26, Advantages May Exist Despite Your Words Wisely.” Journal Performance Sensitivity?” Review (November 2011): 459–504. the ‘Comprehensive Uniformity’ of of Technology Transfer. Vol. 37, of Economics and Statistics. Traditional Public Schools.” Journal Issue 4, (2012): 577–587. Vol. 94, No. 1, (2012): 287–303. John Warren of School Choice. Vol. 6, No. 1, (2012). Co-author. “Assessing Researcher Co-author. “Payout Policy with Publication Productivity in the Co-author. “Simulation of a Finance Legal Restrictions.” Financial Leading Information Systems Constitutional Spending Limit Management. (Fall 2011): 701–732. Journals: A 2005–2009 for a Conservative State: With Update.” Communications of Dynamic Adjustment and Sensitivity Onur Bayar the Association for Information Analysis.” Public Budgeting and Co-author. “What Drives the Information Systems and Systems. Vol. 29, Article 26, Finance. Vol. 31, No. 3, (2011): 1–25. Valuation Premium in IPOs Versus Cyber Security (November 2011): 459–504. Acquisitions? An Empirical Analysis.” Co-author. “The Property Value Journal of Corporate Finance. Effects of Universal Tuition Vouchers.” Vol. 18, Issue 3, (June 2012): 451–475. Yoris Au Management Journal of Housing Research. Co-author. “Assessing Researcher Vol. 20, No. 2, (2011): 225–238. Co-author. “IPOs Versus Acquisitions Publication Productivity in the and the Valuation Premium Leading Information Systems Larry Bruner Dale Truett Puzzle: A Theory of Exit Choice Journals: A 2005–2009 Co-author. “I’m in the Band, Now Co-author. “Whither Germany and the by Entrepreneurs and Venture Update.” Communications of What Do I Do? An Analysis and EMU in a Challenging Environment?” Capitalists.” Journal of Financial and the Association for Information Application of Business Law Australian Economic Papers. Vol. 51, Quantitative Analysis. Vol. 46, Issue Systems. Vol. 29, Article 26, Principles to the Formation and No. 1, (March 2012): 55–69. 6, (December 2011): 1755–1793. (November 2011): 459–504. Operation of a Band.” Southern Journal of Business and Ethics. Co-author. “The Korean Textile Karan Bhanot Jan Clark Vol. 3, (2011): 87–106. Industry: Still Competitive, “Types of Liquidity and Limits Co-author. “An Exploration of After All These Years?” Applied to Arbitrage—The Case of Human Resource Management John Darling Economics. Vol. 43, No. 22, Credit Default Swaps.” Journal Information Systems Security.” Co-author. “Anatomy of Crisis (September 2011): 2983–2992. of Futures Markets. Vol. 32, Journal of Emerging Knowledge Management: Lessons from Issue 4, (April 2012): 301–329. on Emerging Markets. Vol. 3, the Infamous Toyota Case.” Lila Truett (November 2011): 489–510. European Business Review. Co-author. “Whither Germany and the “Negative Credit Spreads-The (Spring 2012): 151–168. EMU in a Challenging Environment?” Impact of Liquidity.” The Journal Co-author. “Assessing Researcher Australian Economic Papers. Vol. 51, of Fixed Income. Vol. 21, No. 1, Publication Productivity in the Co-author. “The Key to Effective No. 1, (March 2012): 55–69. (Summer 2011): 32–41. Leading Information Systems Organizational Development in Times Journals: A 2005–2009 of Socioeconomic Stress: A Case Co-author. “The Korean Textile Natasha Burns Update.” Communications of Focusing on Leadership Responses Industry: Still Competitive, Co-author. “Does Say on Pay the Association for Information to Communication Challenges.” After All These Years?” Applied Matter? Evidence from the U.S.” Systems. Vol. 29, Article 26, European Business Review. Economics. Vol. 43, No. 22, Financial Review. (2012). (November 2011): 459–504. Vol. 24, No. 3, (2012): 216–235. (September 2011): 2983–2992. Co-author. “U.S. Takeovers in Foreign Myung Ko Co-author. “Toyota in Crisis: Denial Su Zhou Markets: Do They Impact Emerging Co-author. “Financial Impact of and Mismanagement.” Journal of Co-author. “Is the Evidence for and Developed Markets Differently?” Information Security Breaches on Business Strategy. (Fall 2011): 4–13. PPP Reliable? A Sustainability Journal of Corporate Finance. Vol. 17, Breached Firms and Their Non– Examination of the Stationarity of Issue 4, (2011): 1028-1046. Breached Competitors.” Information Gary Larsen Real Exchange Rates.” Journal of Resource Management Journal. Co-author. “Transcending the Folly of Banking and Finance. Vol. 35, No. Palani–Rajan Kadapakkam Vol. 25, Issue 1, (2012): 21–37. Leadership Development: How Front 9, (September 2011): 2479–2490. Co-author. “Impact of Liquidity on Porch Conversations Can Transform the Futures-Cash Basis: Evidence Co-author. “An Exploration of Leaders and an Organization.” Texas “Nonlinear Stationarity of Real from the Indian Market.” Journal Human Resource Management CEO Magazine. (March/April 2012). Interest Rates in the EMU Countries.” of Futures Markets. (2012). Information Systems Security.” Journal of Economic Studies. Journal of Emerging Knowledge Co-author. “Transcending the Folly Vol. 38, No. 6, (2011): 691–702. on Emerging Markets. Vol. 3, of Leadership Development Efforts.” (November 2011): 489–510. Leadership and Organizational Management Journal. Vol. 2012, Issue 1, (March 2012).

26 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Research Report

Robert Lengel Rudy Sandoval Co-author. “Implications of Co-author. “Under the Limit.” Co-author. “Transcending the Folly of Co-author. “A Critical Analysis of Psychological Contract Breach: A Quality Progress. Vol. 44, No. 10, Leadership Development: How Front a Corporation’s First Amendment Perceived Organizational Support (October 2011): 70–72. Porch Conversations Can Transform Constitutional Right of Freedom Perspective.” Journal of Managerial Leaders and an Organization.” Texas of Speech and the Expansion Psychology. Vol. 26, (2011): 366–382. Co-author. “An Alternative Approach CEO Magazine. (March/April 2012). of Their Political Influence: The to Simultaneous Closeness Case of Citizens United v. Federal Dana Wang Probabilities of Order Statistics from Co-author. “Transcending the Folly Elections Commission.” Southern Co-author. “Influence of Knowledge Odd Sample Sizes to Population of Leadership Development Efforts.” Law Journal. Vol. 22, (Fall 2011). Resources on Exploratory Median.” Statistical Methodology. Leadership and Organizational and Exploitative International Vol. 8, (2011): 462–467. Management Journal. Vol. 2012, Co-author. “Creating Psychological Strategic Alliances: Effects of the Issue 1, (March 2012). and Legal Contracts Through Institutional Environment.” Advances Daijin Ko HRM Practices: Strength of in International Management. Co-author. “Before It Gets Started: Cynthia Lengnick–Hall Signals Perspective.” Employee Vol. 25, (2012): 313–339. Regulating Translation at the 5' Co-author. “Integrating Responsibilities and Rights Journal. UTR.” Comparative and Functional Knowledge and Knowing: A Vol. 23, No. 3, (September 2011). Bennie Wilson Genomics. Vol. 2012, (March 2012). Framework for Understanding Co-author. “The Key to Effective Knowledge-in-practice.” Human Co-author. “I’m in the Band, Now Organizational Development in Mark Leung Resource Management Review. What Do I Do? An Analysis and Times of Socioeconomic Stress: Co-author. “A Case Study of Bayesian Vol. 22, (2012): 86–99. Application of Business Law A Case Focusing on Leadership Belief Network in Industrial Work Principles to the Formation and Responses to Communication Process Design Based on Utility Mark Lengnick–Hall Operation of a Band.” Southern Challenges.” European Business Expectation and Operational Co-author. “How Do Social Journal of Business and Ethics. Review. Vol. 24, No. 3, (2012). Performance.” International Journal Networks Influence the Employment Vol. 3, (2011): 87–106. of Productivity and Performance of People with Disabilities?” Management. Vol. 61, Issue 7, (2012). Employee Responsibilities Dianna Stone Management Science and Rights Journal. (2012). Co-author. “Advancing Theory and Statistics Co-author. “An Application of and Research on Employee Orthogonal Polynomial Projections Co-author. “What Is the Value of Behavior in China.” Journal and Ensembles in the Hedging Human Resource Certification? of Managerial Psychology. Victor De Oliveira of Crude Oil Commodity Risk.” A Multi-level Framework for Vol. 27, Issue 1, (2012): 4–8. Co-author. “Bayesian Analysis Expert Systems with Applications. Research.” Human Resource of Conditional Autoregressive Vol. 39, (2012): 7864–7873. Management Review. (2012). Co-author. “Emerging Issues Models.” Annals of the Institute in Theory and Research on of Statistical Mathematics. Co-author. “The Performance of Co-author. “Assessing the Value of Electronic Human Resource Vol. 64, (2012): 107–133. Enhanced-Return Index Funds: Human Resource Certification: A Call Management.” Human Resource Evidence from Bootstrap Analysis.” for Evidence-based Human Resource Management Review. (2012). Co-author. “Bayesian Model Quantitative Finance. Vol. 12, Management.” Human Resource Selection in Spatial Lattice Issue 3, (2012): 383–395. Management Review. (2012). Co-author. “Emerging Issues in Models.” Statistical Methodology. Theory and Research on Employee Vol. 9, (2012): 228–238. Anuradha Roy Co-author. “Integrating Behavior in China.” Journal of Co-author. “Classification Knowledge and Knowing: A Managerial Psychology. (2012). Juan Gonzalez Rules for Multivariate Repeated Framework for Understanding Co-author. “Transformational Crisis Measures Data with Equicorrelated Knowledge-in-practice.” Human Co-author. “Factors Affecting the Management in Organizational Correlation Structure on Both Resource Management Review. Effectiveness and Acceptance of Development: A Focus on the Case Time and Spatial Repeated Vol. 22, (2012): 86–99. Electronic Selection Systems in of Barnes & Noble vs. Amazon.” Measurements.” Communications Organizations.” Human Resource Organization Development Journal. in Statistics—Theory and Methods. Stewart Miller Management Review. (2012). Vol. 30, No. 1, (2012): 39–52. Vol. 41, No. 8, (2012): 1411–1420. Co-author. “Entry Mode Imitation by Emerging–market Firms Investing Co-author. “Theory and Research David Han Co-author. “Linear Discrimination for in Developed Markets.” Advances on Social Issues in Organizations.” Co-author. “Impact of Diabetes and Three-level Multivariate Data with in International Management. Journal of Managerial Psychology. Comorbidities on Split Thickness Separable Additive Mean Vector and Vol. 25, (2012): 207–232. Vol. 27, (2012): 324–329. Skin Grafts for Foot Wounds.” Doubly Exchangeable Covariance Journal of the American Podiatric Structure.” Computational Statistics Co-author. “Influence of Knowledge Eugene Stone-Romero Medical Association. (2012). and Data Analysis. Vol. 56, Resources on Exploratory Co-author. “Factors Affecting the No. 6, (2012): 1644–1661. and Exploitative International Effectiveness and Acceptance of Co-author. “Correlation of the Strategic Alliances: Effects of the Electronic Selection Systems in Taq1 Dopamine D2 Receptor Gene Co-author. “Linear Models with Institutional Environment.” Advances Organizations.” Human Resource and Percent Body Fat in Obese Doubly Exchangeable Distributed in International Management. Management Review. (2012). and Screened Control Subjects: A Errors.” Communications in Vol. 25, (2012): 313–339. Preliminary Report.” Journal of the Statistics—Theory and Methods. Co-author. “The Effect of a Royal Society of Chemistry-Food Vol. 41, No. 13, (2012): 2545–2569. Co-author. “Multinationals and Hispanic Accent on Employment and Function. Vol. 3, (2011): 40–48. Corporate Social Responsibility Decisions.” Journal of Managerial Minghe Sun in Host Countries: Does Psychology. (2012). Jerome Keating “A Tabu Search Heuristic Procedure Distance Matter?” Journal of Co-author. “Pitman Closeness for the Capacitated Facility Location International Business Studies. Co-author. “Experimental Tests Comparison of Best Linear Problem.” Journal of Heuristics. Vol. 43, (2012): 84–106. of Mediation Models: Prospects, Unbiased and Invariant Predictors Vol. 18, No. 1, (2012): 91–118. Problems, and Some Solutions.” for Exponential Distribution in Organizational Research Methods. One and Two–Sample Situations.” Vol. 14, (2011): 631–646. Communications in Statistics–Theory & Methods. Vol. 41, (2012): 1–15.

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 27 Research Report

Co-author. “Mathematical Victor Heller L. J. Shrum David Silvera Formulation and Exact Solution Co-author. “Anatomy of Crisis Co-author. “Conspicuous Co-author. “Age-related Reactions for Landing Location Problem in Management: Lessons from Consumption Versus Charitable to a Product Harm Crisis.” Journal Tropical Forest Selective Logging, a the Infamous Toyota Case.” Behavior in Response to Social of Consumer Marketing. Vol. 29, Case Study in Southeast Cameroon.” European Business Review. Exclusion: A Differential Needs Issue 4, (2012): 302–309. Journal of Forest Economics. (Spring 2012): 151–168. Explanation.” Journal of Consumer Vol. 18, No. 2, (2012): 113–122. Research. Vol. 39, (2012). Jill Sundie Co-author. “The Key to Effective Co-author. “The World’s (Truly) Kefeng Xu Organizational Development in Co-author. “Culture and Self– Oldest Profession: Social Co-author. “The Impact of Training Times of Socioeconomic Stress: Regulation: The Influence of Influence in Evolutionary Programs on Employee Capability A Case Focusing on Leadership Self–construal on Impulsive Perspective.” Social Influence. and Service System Performance Responses to Communication Consumption.” Identity and Vol. 7, Issue 3, (2012): 134–153. in China.” International Journal Challenges.” European Business Consumption. (2012). of Production Economics. Review. Vol. 24, No. 3, (2012). Co-author. “Rethinking Materialism: Vol. 138, (2012): 183–194. Co-author. “Multiple Processes A Process View and Some Co-author. “Toyota in Crisis: Denial Underlying Cultivation Effects: How Transformative Consumer Research Keying Ye and Mismanagement.” Journal of Cultivation Works Depends on the Implications.” Journal of Research Co-author. Essentials of Probability Business Strategy. (Fall 2011): 4–13. Types of Beliefs Being Cultivated,” for Consumers. Vol. 19, (2011): 1–4. and Statistics for Engineers and in Living with Television Now: Scientists. Pearson, (2012). Co-author. “Business Ethics Advances in Cultivation Theory Yinlong Zhang Education: Are Business and Research. New York: Peter Co-author. “A Short 8–item Scale Schools Teaching to the AACSB Lang Publishers, (2012): 147–167. for Measuring Consumers’ Local– Marketing Ethics Education Task Force Global Identity.” International Recommendations?” International Co-author. “Sound Symbolism Journal of Research in Marketing. Journal of Business and Social Effects Across Languages: Vol. 29, (February 2012): 35–42. David Bojanic Science. Vol. 2, No. 20, (2011). Implications for Global Co-author. “The Role of Purchase Brand Names.” International Co-author. “Culture and Decision Involvement in a Special Tina Lowrey Journal of Research in Self‑Regulation: The Influence Event.” Journal of Travel Research. Co-author. “Product Integration: Marketing. Vol. 29, (2012). of Self–construal on Impulsive Vol. 51, Issue 3, (2012): 357–366. Current Practices and New Consumption.” Identity and Directions,” in The Psychology Co-author. “Television’s Persuasive Consumption. (2012). “Using an Importance-Performance of Entertainment Media: Blurring Narratives: How Television Typology to Investigate the Lines Between Entertainment Influences Values, Attitudes, and Co-author. “The Impact of Jin‑Shang Environmental Sustainability and Persuasion. New York, Beliefs,” in The Psychology of Teachings on Chinese People Trust.” on a Global Level.” Journal of NY: Routledge, (2012). Entertainment Media: Blurring Asian Journal of Social Psychology. Sustainable Tourism. Vol. 19, the Lines Between Entertainment Vol. 14, (September 2011): 197–206. Issue 7, (2011): 989–1003. Co-author. “Sound Symbolism and Persuasion. New York: Effects Across Languages: Routledge, (2012): 147–167. Kristina Durante Implications for Global Co-author. “Boosting Beauty in Brand Names.” International The Psychology of Entertainment an Economic Decline: Mating, Journal of Research in Media: Blurring the Lines Between Spending, and the Lipstick Marketing. Vol. 29, (2012). Entertainment and Persuasion. Effect.” Journal of Personality New York: Routledge, (2012). and Social Psychology. (2012). Co-author. “Advertising and the Integrated Marketing “What’s So Special About Co-author. “Ovulation Leads Communications Process,” in Entertainment Media and Why Do Women to Perceive Sexy Cads as Wiley International Encyclopedia We Need a Psychology for It? An Good Dads.” Journal of Personality of Marketing. West Sussex, UK: Introduction to the Psychology and Social Psychology. (2012). Wiley, Vol. 4, (2011): 17–18. of Entertainment Media,” in The Psychology of Entertainment Co-author. “Evolution, Social Co-author. “Brand Extensions Media: Blurring the Lines Between Influence, and Sex Ratio,” in Six and Flanker Brands,” in Wiley Entertainment and Persuasion. Degrees of Social Influence: Science, International Encyclopedia of New York: Routledge, (2012): 1–7. Application, and the Psychology Marketing. West Sussex, UK: of Robert Cialdini. (2012). Wiley, Vol. 4, (2011): 44–48. Co-author. “An On-line Process Model of Second-Order Co-author. “Sex Ratio and Co-author. “Phonetic Symbolism and Cultivation Effects: How Television Women’s Career Choice: Does Children’s Brand Name Preferences.” Cultivates Material Values and Its a Scarcity of Men Lead Women Journal of Consumer Marketing. Consequences for Life Satisfaction.” to Choose Briefcase over Baby?” Vol. 28, Issue 7, (2011): 516–523. Human Communication Research. Journal of Personality and Social Vol. 37, (January 2011): 34–57. Psychology. (2012): 121–134. Co-author. “Rethinking Materialism: A Process View and Some Co-author. “Rethinking Materialism: Co-author. “Ovulation, Female Transformative Consumer Research A Process View and Some Competition, and Product Choice: Implications.” Journal of Research Transformative Consumer Research Hormonal Influences on Consumer for Consumers. Issue 19, (2011). Implications.” Journal of Research Behavior.” Journal of Consumer for Consumers. Vol. 19, (2011): 1–4. Research. Vol. 37, (2011): 921–934.

28 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Benefactors

Benefactors The College of Business is pleased to salute the alumni, corporations and friends who have made gifts to the college this past fiscal year. Their support aids student and faculty development, strengthens programs and enables the recruitment of high-caliber educators and students. Listed are those who have generously contributed $500 or more this past fiscal year.

$25,000–$49,999 $350,000 and Above Capital One Anonymous Citi Ernst & Young Foundation International Bank of Commerce $200,000–$349,999 William Mastoris Jr., BBA ’87, BA ’89, BA ’93 ARGUS Software San Antonio Chapter of the International Facility Management Association H-E-B The Estate of Leonard E. and Shirley Sterling The USAA Foundation $100,000–$199,999 $10,000–$24,999 Frost CREW-San Antonio LK Design Group, Inc. $50,000–$99,999 Microsoft Corporation Traci and William E. Morrow, BBA ’86 The Kudla Family Calvin Newkirk Rebecca J., BA ’00, MA ’11 and Martin Salinas Jr., BBA ’94 Charitable Foundation Security Service Federal Credit Union Xceligent, Inc. Texas Research & Technology Foundation The Boeing Company The O’Kelley-Hemminghaus Foundation The Real Estate Council of San Antonio

$5,000–$9,999 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • AHMSA International GFR Development Services, LLC. Tenley K., BBA ’91 and Brian Stevens American Society of Agriculture Consultants Jackson Walker, L.L.P. Tesoro Corporation Edward Barron III, BBA ’79 Klesse Foundation Texas Capital Bank Briggs & Veselka Co. PC KPMG, LLP The Bank of San Antonio C. H. Guenther & Son, Inc. Milam Real Estate Investors, LP Union Pacific Cox Smith Matthews Inc Jean M. and Philip J. Piccione U.S. Global Investors, Inc. Cram Roofing Co., Inc. Rackspace Valero Energy Corporation Embrey Partners LTD REATA Visionworks Ernst & Young, LLP San Antonio Federal Credit Union Wells Fargo & Company, San Antonio Farm Credit Bank of Texas South Texas Money Management Rene L. and Charles M. Wender Joann and Warner F. Fassnidge Southwest Business Corporation

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 29 Benefactors

$2,500 and Above • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Amegy Bank First American Commercial Property Group PricewaterhouseCoopers Emma L. Ansley Galaxy Builders, LTD R.L. Worth & Associates, LTD J. Cary Barton Silvia Gangel, SiGa International Megan and Eduardo R. Salas, BBA ’86 BDO USA LP Commercial Real Estate Southwest Research Institute Doris J. and Robert Becker Annette M., BBA ’88 and SpawGlass Contractors, Inc. BKD, LLP Stewart G. Goodson, BBA ’84 State Farm Bury+Partners, Inc. Hixon Properties Incorporated Elsie G. Steg Clear Channel World Wide HomeSpring Realty Partners Target Terri B. and Patrick J. Clynes, BBA ’89 Insurance Council of Texas The Dooley Family Foundation ConocoPhillips Company Education Foundation Transwestern Stephanie A. Davis, BBA ’94, MT ’98 Joeris General Contractors, Ltd. USAA Real Estate Company Sara E. Dysart PC, MA ’77 Legacy Mutual Mortgage Valero Energy Foundation Ecumenical Center for Religion and Health Metropolitan Contracting Company, LLC Vilore Foods Company, Inc. Paul Eisman T. Nina Oviedo, BBA ’79 ExxonMobil Foundation Leo Perron Family

$1,500 and Above • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Akin, Doherty, Klein & Feuge, P.C. Laborde & Associates Serrano State Tax Consulting, LLC Auxiliary of the San Antonio Chapter Mary Bowman Grantor Charitable Lead Trust Southwest Actuarial Forum of the Texas Society of CPAs MUY Brands, LLC Laura T., MBA ’75 and Chamberlain, Hrdlicka, White, Pax Financial Group LLC David D. Starks, MBA ’76 Williams & Aughtry Pioneer Energy Services Corp. Tax Executives Institute, Austin Chapter CoStar Group Rush Enterprises, Inc. TexStar National Bank Deloitte Ryan, LLC True North Recruiting Jean D., BBA ’85 and San Antonio Area Foundation Carol and J. Randolph Vogel, BBA ’79 William M. Fisher, BBA ’79 San Antonio CPA Continuing Vulcan Materials Company Joanne and Juan A. Gutierrez, BBA ’96 Education Foundation Weaver LLP Mary A. and Jerome P. Keating Kendall N. and Dayton L. Schrader, BBA ’93

$1,000 and Above • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Denise E., BBA ’87 and Pat Bendele Patricia E. and James E. Groff Adrian W. O’Donnell Theresa A. and John R. Bruce Teresa S. and Joseph B. James, BBA ’94 Nancy E., BBA ’93, MPA ’95 and Jyl G. and T. Randall Cain Diane R. and James S. Kahan Andrew M. Ozuna, BBA ’91 Lisa A. Friel Glenda and J. G. Kent, MBA ’74 Katherine C. and Joseph P. Perez, BBA ’87 Fulbright & Jaworski LLP King William Association Fair San Antonio Convention & Visitors Bureau Tara L. Gerstner, MBA ’04 Rhonda and Chris K. Kunz Ruth E., BBA ’00 and Thomas A. Thomson Patricia A. Graham Laura G., MPA ’88 and James C. McNutt Diane and R. Michael Gribble William A. Noble, MBA ’98

$500 and Above • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Assessment Technologies Martha and Patrick L. Fogarty, BBA ’91 Stacy K. and Christopher J. Rosas, Ann J. and Mark E. Babbitt, MBA ’02 Antonio A. Gonzales, BBA ’03, MS ’06 BBA ’00, MBA ’02 Barber & Barber Associates Denise A. and David E. Green Carrie A., BBA ’95 and Mike J. Rudolph Angeles M. Borrego, BBA ’00 Gary E. Johnson SA Chapter of Institute of Internal Auditors Richard F. Brodfuehrer Sue A., BBA ’91 and James A. Jordan, BBA ’88 Slattery | Perkins CCH, a Wolters Kluwer business Kylee and Jon M. McDowell Tommy L. Stuchell, MBA ’10 Gino Chincarini, BBA ’79, MBA ’82 Padgett, Stratemann & Company, LLP Synergy Federal Credit Union Sergio E. Silva Cisneros, BBA ’09 Kathy K. and Patrick M. Reynolds, MBA ’06 The Beadle Family Foundation Lucy and Joe Drymala Susan K. Thibodeaux, BBA ’85

30 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Advisory Council

Advisory Council

Chair Patrick B. Frost, Chairman Emeritus Thomas L. Mitchell Jr. PRESIDENT DIRECTOR, FACILITIES Cindy L. Jorgensen, EMBA ’00 Frost Bank MANAGEMENT CONSULTING CHIEF FINANCIAL OFFICER Booz|Allen|Hamilton Southwest Business Corporation Michael A. Garcia, ’85 CHIEF FINANCIAL OFFICER AND George S. Muller, MBA ’76 Members SENIOR VICE PRESIDENT SENIOR DIRECTOR OF INFORMATION SERVICES Omni Hotels and Resorts C.H. Guenther & Son Inc. Denise E. Bendele, ’87 PARTNER Michael A. Hogan* Nancy E. Ozuna, ’93, MPA ’95* Padgett, Stratemann & Co. L.L.P. PRESIDENT AND DIRECTOR PARTNER Hogan Real Estate Services BKD, LLP Craig Berkowitch SENIOR MANAGER Tracy Jackson, ’93, EMBA ’12 David E. Reynolds Deloitte Consulting VICE PRESIDENT OF FINANCE AND TREASURER PRESIDENT AND CEO Tesoro Petroleum Corporation Security Service Federal Credit Union Ernest W. Bromley, ’78, MBA ’80 CHAIRMAN AND CEO James S. Kahan, Chairman Emeritus Marcelo P. Sanchez Bromley Communications RETIRED PUBLIC RELATIONS DIRECTOR AT&T Inc. Ahmsa International, Inc. Paul Castella, MBA ’05* MANAGING GENERAL PARTNER Clayton E. Killinger, ’83 Greg Souquette Incyte Venture Partners SENIOR VICE PRESIDENT AND CONTROLLER SENIOR VICE PRESIDENT Valero Energy Corporation H-E-B Ann Bohl Deacon, ’84 FOUNDER AND CEO Nancy Kudla, MBA ’87 Todd Walthall Deacon Recruiting & Deacon PRESIDENT SENIOR VICE PRESIDENT OF Professional Services Kudla Foundation CHANNEL MANAGEMENT USAA Walter D. Downing, MBA ’86 Juan A. Landa EXECUTIVE VICE PRESIDENT, OPERATIONS PRINCIPAL Charles M. Wender Southwest Research Institute Matterhorn Capital Management, LLC Charles Martin Wender Real Estate & Investments Steve E. Edlund Daryl L. Lansdale Jr. EXECUTIVE VICE PRESIDENT PARTNER Terry Witte, MBA ’87 Cadence Bank Fulbright & Jaworski L.L.P. SENIOR VICE PRESIDENT Wells Fargo Bank Walter M. Embrey Susan B. McGee PRESIDENT PRESIDENT AND GENERAL COUNSEL Norman L. Wright Embrey Partners, Ltd. U.S. Global Investors, Inc. SITE PRESIDENT AND EXECUTIVE VICE PRESIDENT Jeffrey H. Farver Laura C. McNutt, MPA ’88 Citibank, N.A. RETIRED PRESIDENT AND CEO PARTNER San Antonio Federal Credit Union Weaver LLP

* Ex Officio Member

UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 31 Advisory Council

Accounting Advisory Board

Chair Dana Gasparek, ’90, MPA ’92 Michael Perkins Padgett Stratemann & Co. Slattery | Perkins Nancy Ozuna, ’93, MPA ’95 BKD, LLP Stewart Goodson, ’84 Megan Rooney Ernst & Young LLP H-E-B Members Joseph Hernandez, ’93 Carrie Amber Rudolph, ’95 Stephanie A. Davis, ’94, MT ’98 Akin, Doherty, Klein & Feuge, P.C. Pioneer Energy Services Corp. Valero Energy Corporation Francisco Laborde, ’84 Carol Severyn, ’92 Linda Doubrava Laborde & Associates, P.C. Frost Bank KPMG, LLP

Real Estate Finance and Development Founders Council

Chair T. Patrick Duncan H. Dale Kane USAA Real Estate Company First American Commercial Michael A. Hogan Property Group Hogan Real Estate Services Sara E. Dysart, MA ’77 Attorney at Law Steven Q. Lee Members Lee Partners, Inc. Walter M. Embrey Jr. Jeff C. Bailey, ’86 Embrey Partners, Ltd. Martha Mangum Bailey Commercial, LLC Real Estate Council of San Antonio Yvonne Fernandez, ’85 Robert W. Barnes Security Service Federal Credit Union Lynn Kuckelman Peters Reata Real Estate Services LP LK Design Group Silvia G. Gangel Edward Barron III, ’79 SIGA International Commercial Real Estate Kevin Roberts EDDEB Management, LLC Transwestern Brent Given, ’85 J. Cary Barton The Bank of San Antonio Jack J. Spector Barton, East & Caldwell, L.L.P. Hixon Properties Incorporated Mark Granados Chuck Calvin GFR Development Services Tim L. Swan SpawGlass Contractors, Inc. Metropolitan Contracting Co., LTD Laurie Griffith W. Plack Carr Texas Capital Bank Arun K. Verma Travis Commercial Real Estate Services Galaxy Builders Ltd. Larry G. Heimer Gary Cram Bury + Partners, Inc. Charles Martin Wender Cram Roofing Charles Martin Wender Real Gary L. Joeris Estate & Investments Dan Diepenhorst Joeris General Contractors, Ltd. Legacy Mutual Mortgage Robert L. Worth, Jr. R.L. Worth & Associates, Ltd.

32 UTSA COLLEGE OF BUSINESS ANNUAL REVIEW 2012 Jeanie Wyatt, MBA ’86, CFA, CEO and Chief Investment Officer, founded South Texas Money Management (STMM) in 2000. Today, STMM’s managed assets total approximately $1.8 billion, and the company has over 55 staff members that include research analysts, fixed income and equity managers and investment advisors. STMM’s specialized staff is committed to producing competitive investment returns, while providing highly individualized client service. STMM, with offices in San Antonio, Austin, Dallas and Houston, currently manages assets for individuals, foundations, trusts, estates, employee benefit plans, IRAs, 401Ks and endowments. The firm’s motto is “Helping Individuals, Individually.” UTSA College of Business One UTSA Circle San Antonio, Texas 78249

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