THE UNIVERSITY OF TEXAS AT SAN ANTONIO COLLEGE OF BUSINESS ANNUAL REVIEW 2004 – 2005

KNOWLEDGE FOR A NEW WORLD™ utsa business dean lynda de la viña, ph.d. senior associate dean daniel hollas, ph.d. associate dean, graduate studies and research diane walz, ph.d. associate dean, executive education robert lengel, ph.d. associate dean, international affairs don lien, ph.d. interim associate dean, downtown russell briner, ph.d. editor wendy frost contributors lori burling alves marianne mcbride lewis rebecca luther kimberly s. west photography patrick dunn mark mcclendon design the clockwork group utsa business is an annual publication for alumni, faculty, staff and friends of the utsa college of business. utsa college of business 6900 north loop 1604 west san antonio, texas 78249 (210) 458-4313 www.business.utsa.edu UTSA BUSINESS TABLE OF CONTENTS features

leading the way from beijing to mexico city

pg 6

demographer uses numbers to tell a contents larger story

Message from the Dean ...... 2

Administration ...... 4 pg 11

partnering to Academic Programs ...... 6 achieve the college of business vision

Faculty Forum ...... 11

OF CONTENTS TABLE Student Spotlight ...... 20 pg 23 

starting from Development Update ...... 23 scratch

Alumni Notes ...... 26

Advisory Council ...... 30 pg 26 MESSAGE FROM THE DEAN

join our quest

knowledge for a new world

by lynda de la viña

his past academic year has been a time of pivotal role the College of Business must play in challengesthat we saw occurring in this new world T significantintrospection and accomplishment theemergence of UTSA. Following UTSA President and offer unique programs and opportunities forthe UTSA College of Business. Since returning Ricardo Romo’s lead, the College of Business has for our students that will better prepare them for tothe college in September 2004 as interim dean developedinitiatives that are complementary to the this environment. and being named dean in July 2005, I have led university’smission to become Texas’ next Tier One thecollege on a path to achieve an ambitious goal: researchuniversity and one of the top 100public Threads of Distinction to raise the academic profile of UTSA’s College of research universities in the nation. Businessto become one of the nation’s best business Fromthese discussions, the college identified five Onceour vision statement was solidified, the college schoolsrecognized for developing knowledge for a threadsof distinction that have emerged to provide conducted its first strategic planning exercise in newworld and for producing the new paradigm’s afocus for the college’s transformation. The threads December2004 with administrators, faculty, staff, transformational leaders. wereselected to be broad and interdisciplinary in students,university representatives and external nature.They are globalization/cultural pluralism, Thefirst step in achieving this goal was to develop stakeholders.The goal of this daylong meeting security, capital markets, transformational anew visioning statement for the college. As Rev. was to develop a strategic plan for the College leadership/entrepreneurshipand health/technology.

MESSAGE FROM THE DEAN FROM MESSAGE Theodore Hesburgh said,“The very essence of of Business and to identify the colored threads leadership is that you have to have a vision. It’s thatweave through the fabric of the college’s core Following this initial meeting, department and got to be a vision that you articulate clearly and programs—onesthat would ultimately provide programcoordinators were charged with deciding how forcefully on every occasion.You can’t blow an us with areas of distinction within the college. theirunits could support or develop strategies that wouldbolster these interdisciplinary threads. By  uncertaintrumpet.” Through deliberations with Participantsdivided into small groups to discuss thefaculty, we approved a new vision statement: theenvironmental challenges that would affect our leveragingour recognized strengths and capitalizing TheCollege of Business is dedicated to creating and educational mission and future in the year 2015. onunique comparative advantages, the college’s sharingknowledge that enhances the translation of theory Followingthe environmental context sharing, the challengethrough the next five years is to build our topractice. The college combines rigor with relevance and groupwas charged with defining the best possible nationalreputation by creating extraordinary niche providesinnovative solutions to global business challenges. futurefor the College of Business and defining the programs,highlighting our faculty stars and market - college’s unique threads. ing the college’s achievements. JimCollins in Good to Great stated, “If you’re doing somethingyou care that much about, and you believe Basedon the visioning exercise, we began to see a The college not only has a vision for success, inits purpose deeply enough, then it is impossible to newworld of business and society emerging in the it has the academic programs to solidify our imaginenot trying to make it great … The question future.Topics discussed included globalization, positioning.The college is the largest undergraduate isnot why but how.” Given the confluence of vision securityissues, emerging economies, multicultural - business program in the University ofTexas and positioning, the question as Collins stated ism,capital markets, transformational leadership Systemand one of the 40 largest business schools ishow will the college achieve this goal and what and technology. Our goal was to address the in the nation.With more than 6,000 students, thecollege offers a broad portfolio of programs at the and faculty. Examples of such programming Anotherarea of focus for improving recognition undergraduate,graduate and doctoral level. College include the relationships that the College of of the college’s programming is developing of Business faculty are world class.Two finance Business has developed with Chinese and Latin partnerships and recruiting students from professors were recently ranked first and 20th in American universities,as well as our memberships outside of South Texas and San theworld for their research, and the college has one inthe European Foundation of Management Antonio—particularly in Latin America and ofthe top five information security degree programs Development,the Business Association of Latin Mexico.To date, the college is piloting a recruitment in the nation. American Studies and CLADEA, the Consejo program in Monterrey, Mexico. Latinoamericanode Escuelas de Administración. The College of Business is accredited by AACSB Finally,the college will create centers of excellence International,the Association to Advance Collegiate The college is also leveraging internal partner- thatcomplement specific UTSA areas of expertise Schoolsof Business, which recognizes the quality of ships within UTSA and the University of and provide the nexus of student and alumni ouracademic programs and faculty members. The TexasSystem to create dual and/or joint academic activities, research and educational programs. college is one of only 50 schools in the world programs and collaborativeresearch initiatives, Two centers which curently exist are the Center accreditedthrough the doctoral level with a separate conferences,seminars and forums. Current proposals for Global Entrepreneurship and the Center for accounting accreditation. under development include a bachelor’s and Professional Excellence. Additional centers will master’sdegree program in construction science be developed based on faculty champions and Achieving Our Vision andmanagement with the School of Architecture; endowed chairs. anMBA concentration in nonprofit management TheUTSA College of Business is uniquely positioned Aswe strive to address the challenges of this new with the College of Public Policy; a business to integrate the new world business issues of worldof business, we have developed a strategy to certificate collaboration with the Biomedical emergingmarkets, security and cultural pluralism achievethis vision. The college will measure success EngineeringProgram; and numerous collaborations and,in turn, to develop transformational leaders. bythe depth and breadth of internal partnerships withthe University of Texas at San Antonio Health With an unparalleled set of strategic alliances, andsynergies within the university; by the expansion Science Center. andcollaboration between the College of Business aswell as centers and programs, the college prepares andthe business sector; by meeting the internal To differentiate the College of Business from studentsto assume leadership roles in the new world milestones that move the College of Business to ourcompetitors ,the college must create a brand of business. identity. During the last six months, the college creatingan academic legacy that redefines the land- Join me in this quest for Knowledge for a has worked with a communications consultant scapeof graduate business education; by achieving New World. aranking and reputation in defined business and toexplore branding strategies for the college. The managementdisciplines; and by creating additional College of Business has also developed a revenue streams for the College of Business and timelineand marketing strategy that parallels this the university. strategicplan. The college is developing pathways for discipline-based and MBA recognition and First, the College of Business must develop rankings. During this past year, business school strategic partnerships with the domestic and rankingshave been studied, and a matrix was created international business community that will to target potential areas that the college should generate support for the college. These exploreto become ranked. The college will achieve partnerships will provide global research, a national recognition and ranking in the next study and field experiences for our students five years.

threads of distinction

• globalization/ THE DEAN FROM MESSAGE cultural by leveraging our recognized strengths and pluralism capitalizing on unique comparative advantages, • security  the college’s challenge through the next five years is to build our national reputation • capital markets by creating extraordinary niche programs, • transformational leadership/ highlighting our faculty stars and marketing the entrepreneurship college’s achievements. • health/technology ADMINISTRATION

lynda de la viña named first female hispanic dean of the utsa college of business

yndaY. de laViña has been named dean service inWashington, D.C.The first Mexican- Records in Los Angeles and Operational L andPeter Flawn Professor ofEconomics at American woman at the secretarial level of Technologies Corporation (OpTech) in San TheUniversity of Texas at San Antonio College of the U.S. Department ofTreasury, de la Viña Antonio, Texas. Under her tenure, OpTech Business.She is the first female Hispanic to serve wasappointed Deputy Assistant Secretary for rose from a small incubator operation to one as UTSA College of Business dean and the only EconomicPolicy and served from 1998to 200 1. of the largest minority-owned businesses femaleHispanic business dean in the University of Whileher work portfolio was expansive, dealing in San Antonio. She continues to serve on TexasSystem. She previously had served as interim with domestic and international economic their board of directors as well as the board for dean since September 2004. policy issues, she led treasury teams on issues the Center for International Private Enterprise, ofpersonal commitment such as financial literacy, an affiliate of the U.S. Chamber of Commerce. “Weare delighted that Lynda de la Viña has agreed smallbusiness development and U.S.-Mexico to serve asdean of the College of Business,” said De laViña was appointed byTexas Gov. Rick border development. Ricardo Romo, president ofThe University of Perry to a 17-person advisory committee for Texas at San Antonio.“In the past year she has Following her position at the Department of thenewly created Emerging Technology Fund. leftan indelible mark on the San Antonio business Treasury, de laViña was associate dean of the The committee, which comprises leaders, community. Her passion and vision will help GraduateDivision of Business and Management entrepreneurs and research experts, makes lead UTSA and the College of Business to and chair of the Department of Finance and recommendationsto the governor, lieutenant national recognition.” International Business at Johns Hopkins governor and speaker of the house on University. She also worked as a senior policy collaborations, investments, research grants During the past year, de laViña has developed adviserfor the U.S.-Mexico Foundation and the andrecruitment associated with the Emerging a strategic plan for the College of Business that U.S.-Mexico Chamber of Commerce. Technology Fund.The $200 million fund was includesraising the academic profile of the college created to foster innovation, research and job to become one of the nation’s best business “I am delighted to come full circle in my creation in emerging high-tech industries. schoolsand creating national distinction through career and return to the UTSA College of strategicthreads of excellence. She has enhanced Business,” said de la Viña, a native of the Rio She was also recently named a fellow in the ADMINISTRATION Latin American partnerships, raised funds for GrandeValley. “The faculty and students are HispanicAssociation of Colleges and Universities threeendowed professorships and developed first class and the college has taken quantum KelloggMinority Serving Institute Leadership allianceswith other nationally and internationally leaps in its academic programs. I am here to Fellows Program. The program is part of a 4 recognized institutions. move the college forward to a level of national collaborative effort aimed at increasing the recognition and achievement.” number of senior-level leaders at minority “My goals for the college are to receive AACSB serving institutions. reaffirmation,become a nationally ranked flexible De laViña began her career at UTSA in 1979 formatMBA program and become the school of as assistant director of the Human Resources The first Mexican-American woman to choicefor graduate students from Mexico and Management and Development Program. receive a Ph.D. in economics in the United Latin America,” said de laViña, who also directs Following that she joined the Department of States, de laViña holds master’s and doctoral the Center for Global Entrepreneurship in the Economics faculty in 1982 and was named degrees in economics from Rice University College of Business, a center she founded to executive director of the Institute for Studies anda bachelor’s in government and economics improvethe prospect for growth-oriented, globally in Business in 1985. She served as associate from UT-Pan American. competitiveentrepreneurship in emerging and dean of graduate studies and research in the transitional markets. college from 1993 to 1998. De laViña returned to San Antonio following a An entrepreneur as well as an academic, distinguishedcareer in academia and government sheco-founded two companies—Nightwave new administrators improve student services and development

Several new administrators have been appointed to serve in the College of Business. In particular, most of these appointmentswere created to improve student services, professional development and recruitment for the College of Business.

of undergraduate students, she began Prior to her employment at UTSA, she worked teaching at UTSA in 2001. In addition for 15 years at USAA as a consultant, adviser to her teaching duties, Ramirez serves and instructor in leadership and organization as an adviser to the Students in Free development.She holds a bachelor’s degree in Enterprise organization. Ramirez education fromTexas Woman’s University, a was named a Sam M. Walton Free master’s in education fromTexas Tech and don lien Enterprise Fellow at the 2004 SIFE adoctorate in leadership studies from Our Lady of Associate Dean for regional competition in recognition the Lake University. International Affairs of her leadership and support of the Don Lien has been named associate dean program. for international affairs in the College of Business. Lien joined the UTSA faculty in 2001 from the University of Kansas and is a professor of financial economics. He received his doctorate from the California Institute of Technology. Since arriving at UTSA, he has advanced kimberly s. from interim director to director of west International Business Programs to Director of now associate dean in the college. Advancement

Lien has been instrumental in the john jennings expansion of the college’s Asian Assistant Dean for Undergraduate programs, which now include five Professional Development universities in China as well as Leading the college’s student professional programming with the Bank of Beijing. developmentefforts, John Jennings was named Other international programs include assistant dean in 2004. Jennings, who has over direct exchanges with the University 24years of corporate marketing and executive development experience, was formerly the vice president for business marketing with SBC Communications, Inc.

“Thisposition was created to expand the level of professionaldevelopment services that we offer consuelo toour undergraduate business students and to ramirez establishmutually beneficial relationships with ADMINISTRATION Assistant Dean the business community,” said Daniel Hollas, for Undergraduate seniorassociate dean of the College of Business. Studies “Weare excited to have someone with John’s vast businessexperience become a part of the College 5 of Düsseldorf, Tongji University in of Business team.” Shanghai and IPAG in Nice, France. Most recently, he was named the top Jenningsis responsible for expanding internship finance researcher in the world by the andcareer placement opportunities in the College SIRCA financial ranking system. of Business. He also advises undergraduate businessstudents on career management and Consuelo Ramirez, senior lecturer in prepareslongitudinal data on business student the Department of Management, has careerplacement. Jennings holds a master’s of led under-graduate programs in the businessadministration degree from Southern college since 2005. She is responsible for undergraduate academic affairs.

Known for her mentoring and support ACADEMIC PROGRAMS

leading the way from beijing to mexico city

by wendy frost

n record numbers, international students, onexpanding the executive training programs that Theexecutives spend one semester studying in the I executivesand scholars have made the journey weoffer. Finally, we need to develop good academic college’s Executive MBA program. In addition to toSan Antonio to learn about American business. partnerships in Latin America.” theacademic experiences, the executives learn about Last fall, the UTSA College of Business Office Americanbusiness by joining professional organiza - of International Business Programs hosted Liu’s Family Foundation U.S.-China Business tions in San Antonio in their areas of expertise. internationalvisitors including 1 2Liu MBA Chinese Education Initiative To date, the college has hosted more than 100 Fellows,six Liu EMBA Chinese Fellows, 1 2executives Throughthe generosity of Richard Liu, chairman of Chinese students. Each spring a delegation of fromthe Bank of Beijing, six undergraduates from SuperiorHoldings Limited of Hong Kong, the Liu’s faculty, administrators and students travel to HongKong Polytechnic University, four graduate Fellowprogram was established in 1998and was China to interview prospective participants at studentsfrom the Canary Islands and one Chinese expandedin 2003 with an additional contribution of eachof the five exchange universities, meet with visiting scholar. $2million. His gifts have allowed the college to build alumni and further our relationships with local Whilethe students vary in professional experience culturallyenriching partnerships with educational companies. In addition, alumni chapters have andcultural background, they all agree that learning institutions, faculty, students and businesses in been established for the fellows in Beijing American business skills is the key to success in China. Key components of the program include and Shanghai. theirhome countries. “Before I came to UTSA I had graduatestudent and faculty exchanges, executive participatedin business trips abroad. However, the ACADEMIC PROGRAMS ACADEMIC educationalopportunities, research collaboration Hong Kong Polytechnic University five months of study at UTSA provided me with andjoint programs between the College of Business Oneof the college’s few direct exchange programs moreknowledge and confidence for furthering my and top universities in China. careerand with new ideas for leading my company was established in 2003 with Hong Kong Academicpartnerships have been established with internationally,”said Jian Gong Zhang ,a participant Polytechnic University.The program initially  FudanUniversity, Shanghai Jiao Tong University in the 2001 Liu’s Fellows program. beganseveral years ago as a summer exchange for andTongji University, all in Shanghai, and Renmin accounting students but blossomed into an Thecollege’s international programs were invigorated University and the University of International annualexchange program. Since then 25 students in 1998 by a $1 million donation from Chinese Businessand Economics in Beijing. The first class of fromHong Kong have participated in the program businessman Richard Liu. Since then, successes MBAstudents began in August 2000. Liu Fellows and1 2UTSA students have traveled to Hong Kong. from this partnership have led to the expansion study for one semester at UTSA, enrolling in nine “Studyabroad has many benefits,” saidHolly Hill , ofthe college’s international programming and hoursof business coursework and participating in assistant director of international programs for enhancedacademic experiences for UTSA students. aweekly cultural enrichment course. The curriculum UTSA.“You improve your language skills, make isenhanced by cultural activities, business site visits “First,we must remain a good steward to our Liu’s friendsin other countries and learn to become more and instructional seminars. Fellowsprogram established by benefactor Richard independent.Our campus benefits from having Liu,”said Don Lien ,associate dean for international Anexecutive education component was added to exchange students here as well.” affairs in the College of Business. “Then, we plan the Liu’s Family Foundation program in 2002. continued next page >> << continued from previous page

Executive Training Programs Beginning in 2001, a group of executives from the Bank of Beijing began receiving exclusive executivetraining jointly sponsored by the college’s Centerfor Professional Excellence and the Office of InternationalBusiness Programs. Executives take academiccourses in international finance, money andbanking, business communication and financial management.They also attend culture classes, field trips and visit local businesses and banks. “This program is vital to the Chinese bankers,” said Lien.“Since China joined theWorld Trade Organizationin 200 1,they continue to open up their bankingto foreign investors. They are here to observe how U.S.bankers tackle such issues as customer service,technology utilization and competition.”

Canary Islands Partnership Graduatestudents in the Management of Technology program have been internationalized by the presence of students from the Canary Islands. The students take1 8 hours of coursework in the programand receive a certificate of completion. The students primarily have backgrounds in cross-cultural learning fuels industrial engineering. nafta entrepreneurship program TheManagement of Technology program offers professionalsin scientific, engineering, mathematical Eightgraduate business students in the College of Business needed passports, airline tickets and suitcases orother technology-based disciplines the opportunity toparticipate in an international entrepreneurship course, learning firsthand about the North American todevelop and improve managerial and business Free Trade Agreement. skills.The program offers two master’s degrees: an MBAconcentration in management of technology “WithSan Antonio being increasingly impacted by the global economy, the need for creative university anda master of science degree in the management graduatebusiness student exchange programs has become more prevalent and necessary,” said Vic Heller , of technology. associateprofessor of marketing and course instructor. “The program was designed to address these horizons byoffering a comprehensive, in-depth international exchange experience in a condensed time frame.” “Thisexchange was spearheaded by an alumnus in our program from the Canary Islands,” saidBill Createdas the college’s first graduate exchange program with the University of Calgary in 1 993,the program Flannery, coordinator of the MSMOT program. hassince expanded to include the Instituto Tecnológico y de Estudios Superiores de Monterrey in Mexico “Theisland is looking to improve their economic City.Today, eight graduate students from the host institutions as well as faculty and staff members participate developmentopportunities in the technology arena inthis trilateral exchange program by spending one week of intensive study in each country. Students earn andfeel our program is a perfect match. These students six hours of credit for their participation. add a new dimension to our program and help UTSAclass members were Angeles Cordova ,MBA; Jennifer Hastedt ,master’s in economics; Joseph PROGRAMS ACADEMIC internationalize the curriculum.” McBride, MSMOT; Erin Schofield, MBA; Jerry Smith, MSMOT; MeganTurner , master’s in finance; Wen-Shing Wang, MBA; and Clint Worth, MBA International. Theclass is designed to train leaders for the future who can function in a global village and work as business  study abroad professionalsand entrepreneurs under the North American Free Trade Agreement. Before students pack profile theirbags, they must first complete a research project that examines the cultural, economic, environmental, historical,political, social and technological issues that are impacting NAFTA and the development of free • college of business student participants: 46 trade between Canada, Mexico and the United States. • student funding awarded: Duringthe trip, students attend academic lectures, visit local companies and hear from business leaders. $250,000 • favorite locations: hong Organizedinto international teams, the students conceptualize a business idea that incorporates all three kong, italy countries,develop a business plan and present their plan to a panel of outside reviewers as part of their • new exchange programs: final project. - university of applied sciences in düsseldorf, “Thisprogram was the highlight of my graduate experience at UTSA,” said Joseph McBride. “The pressure germany anddeadlines were tough, but amazingly our international teams bonded and pulled through. I made some - ipag in nice, france close friends with students from other countries and have created lasting memories.” center for professional excellence graduates 7th emba class

Theexecutive master’s of business administration programin the Center for Professional Excellence is a uniqueeducational opportunity for seasoned execu - tives,professionals and entrepreneurs preparing for strategicleadership responsibility or career transi - tions.This highly integrated program blends shared experienceswith contemporary theory, applications and reflections on personal responsibility. The EMBA program provides participants with fundamentalbusiness knowledge and skills, plus a statistics professor honored at dynamicleadership component, and challenges them academic conference toapply these competencies in their professional and personal lives.The majority of courses are taughton alternating weekends over a 2 1-month TheManagement Science and Statistics Department hosted an academic conference in October at the UTSA period.The program also includes cross-cultural DowntownCampus to honor Professor Ram Tripathi’s contributions to the field of statistics. Tripathi joined experiencesthrough extended seminars in Mexico theUTSA faculty in 1 975after receiving his Ph.D. in statistics from the University of Wisconsin–Madison. and Europe. Heascended through the academic ranks to become professor in 1 987.Tripathi developed the backbone of the curriculum for the college’s statistics program. Twenty-threestudents graduated from Class 7 in 2004. Currently3 1students are participating in Class 8, Hehas published widely throughout the statistical literature and in such prestigious journals as the Journal and Class 9 began in August with 30 students. ofthe American Statistical Association ,Royal Statistical Society ,Statistics in Medicine and many others. His major In addition to the EMBA program, the Center for researchcontributions have been in model development and inference in discrete distributions, survival analysis, Professional Excellence is conducting strategic especiallyrelated to the USAF Health Study involving the herbicide known as Agent Orange. His results conversations, developing tailored executive relatedto the USAF study were presented on the floor of the U.S. Senate and directed government policy in the programs and exploring partnerships with the treatment of veterans and their families. intelligence community.

graduate center for global entrepreneurship degrees established

ph.d. in business administration • accounting TheCenter for Global Entrepreneurship was established in 2004 to meet the educational and career needs of • finance emergingmarket entrepreneurs and those who support them. The center is led by Executive Director and Dean • information technology Lynda de la Viña and Associate Director David Lingelbach. • organization and management studies “Entrepreneursdrive economic development,” said Lingelbach, who is based in Washington, D.C. “This is mba especiallytrue in developing and transitional economies, where 430 million active entrepreneurs are becoming mba concentrations aprincipal source of sustainable economic growth. Among the many barriers to successful entrepreneurship

ACADEMIC PROGRAMS ACADEMIC • business economics andinnovation in emerging and transitional markets is the lack of a world-class management education. • finance We are here to fill that void.” • health care management • information systems Lingelbachdirects the center’s day-to-day operations. He teaches international finance and entrepreneurship at • management accounting  JohnsHopkins University, and he teaches global strategic planning in the college’s EMBA program. Lingelbach, • management science an MIT graduate, has been an active financier and entrepreneur in emerging markets since1 993. • marketing management • project management The center is currently pursuing opportunities in the Canary Islands, China, Indonesia, Malawi and • taxation Mexico.The center has partnered with the Center for International Private Enterprise of the U.S. Chamber of mba international business Commerce,the World Bank and the Inter-American Development Bank to provide internship opportunities ma economics for UTSA students and entrepreneurs worldwide. ms accounting ms finance Thecenter is designing graduate courses in entrepreneurship, organizing noncredit executive education ms information technology coursesin emerging markets entrepreneurship, advising development finance institutions, governments and • infrastructure assurance otherson how to better foster entrepreneurship in developing countries and conducting applied research in ms management of technology these areas. ms statistics executive mba utsa redesignated as center of academic excellence by the national security agency

TheNational Security Agency and the Department ofHomeland Security redesignated The University ofTexas at San Antonio as a Center of Academic Excellencein Information Assurance Education through 2008. Glenn Dietrich, chair of the Department of Information Systems and TechnologyManagement, received the certificate during a ceremony in Georgia this June.The university first received this honor in 2002. Centersmust pass a rigorous review demonstrating commitment to academic excellence in infra- partnership agreement signed with structure assurance education. Applicants are assessedon their partnerships, academic programs, u.s. census bureau facultyresearch, technological facilities and by the interdisciplinary nature of their programs. UTSAsigned a memorandum that will award internships to UTSA students, support technical lectures The College of Business offers an infrastructure by bureau employees at UTSA and provide curriculum review in order to better position graduates as assuranceconcentration as part of the master of potentialbureau employees. In return, UTSA will sponsor an annual conference at which bureau research - sciencedegree in information technology and a ers, university faculty and University ofTexas System faculty are updated on the latest research and bachelor’sof business administration degree in employment opportunities. infrastructureassurance. Students selecting this Theinternships at the bureau headquarters in Suitland, Md., will give students the opportunity to learn from programdevelop special expertise in the computer expertsin demography, geography and statistics. This summer five College of Business students participated andinformation security arena. Receiving hands-on in this program. training, they learn how to protect and defend informationsystems by ensuring their availability, Atthe signing ceremony, Steve Murdock ,the Lutcher Brown Distinguished Chair in Management Science integrity, authentication and confidentiality. andStatistics in the College of Business, received the U.S. Census Bureau Director’s Award for Innovation. Theaward recognizes employees and teams that make significant contributions to the work methods and TheNSA designation was based on the curriculum products of the Census Bureau. developedin the college. “The review committee notedthat our information assurance curriculum Aspart of this agreement, HermannHabermann ,deputy director and chief operating officer of the U.S. was well rounded,” said Dietrich.“Our program Bureauof the Census, presented a seminar in January on “Ethics, Confidentiality and Data Dissemination.” continuesto train some of the brightest individuals Hediscussed the role of statistical agencies to protect the data the participants provide and their obligation in the industry.” todisseminate this data. He utilized examples from the recent dissemination of small area data on the Arab population and the relocation of Japanese Americans during World War II. Universities named as a Center of Academic Excellenceare eligible to apply for scholarships and Habermann is a member of the International Statistical Institute, a fellow of the American Statistical grantsthrough both the federal and the Department Associationand serves on the board of directors of the Center for Internet Security. He previously worked of Defense scholarship programs.This year four PROGRAMS ACADEMIC as director of the United Nations Statistics Division. Collegeof Business students have received scholar - Theseminar was sponsored by the Department of Management Science and Statistics and the Texas State shipsfrom the Department of Defense. UTSA is just Data Center. oneof 67 centers throughout the United States who have received this designation. 

undergraduate degrees BBA Degrees • Infrastructure Assurance • Accounting • Management • Actuarial Science • Management-International Business • Construction Management • Management-Small Business/Entrepreneurship • Economics • Management Science • Finance • Marketing • General Business • Marketing–Tourism Concentration • Human Resource Management BA Economics • Information Systems BS Statistics 1 0 ACADEMIC PROGRAMS the 2004–2005 Frost Bank Public Distinguishedhigher Lectureeducation, entrepreneurshipSeries. Theand Collegecareer growthof Businessand opportunityhosted were Lt. three Gov. diverse themes that highlighted MBA ’86,and During his and served as its president for nearly 2 use theterm state-molested.” state-supported, thensaid.called be to used universities“State state-assisted.subsidized Now, with I tax likedollars“The tois perception no longer thattrue,” state and he universitiesa Distinguished are in-residenceProfessorhighly at forRice System theUniversity. Universityfrom Heof servedHouston asSystem chancellor commitment ofto theexcellence than University hisin determinationhigher ofnone education. Houstonof that his Texasaccomplishmentsfiscal mustmanagement sustainis more publicand its importantindigent education, healthHobby care. made mental tremendousBut strideshealth, in thewater areas ofconservation, to his militaryU.S. Navyservice, as an graduationheintelligence worked fromofficer. atRicebusiness, SubsequenttheUniversity, government he Gov. servedHobby and has inled education. a the distinguishedAn careerardent Followingin supporter of higher education, Lt. their families.” funding higher up educationand state isfundingall shifting over is thedecreasing. country,”to“Public students The support saidburden forandHobby. of higherthe current state“Tuition legislative session. education is goingis of decliningpublic higher education and discussed Series in March. He spoke about the state 1 8-year tenure as lieutenant governor, 1 995 to James Adams 1 t Gv Wlim P. William Gov. Lt. itnuse Lecture Distinguished Education,” Bank Frost the during presented Higher Public of P.“Privatization William Hobby Gov. Lt. Hobby 997, and currently is a scholar- highlighted the frost bank distinguished lecture series Houston Post in this popular lecture series, inthispopularlecture whichhasbeensponsored by Frost Banksince 1988. 1 years. a politician, an entrepreneur and a ceo

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last year to Dakotaaccept in the sinceLutcher moving Brown toMurdock, DistinguishedTexas whofrom hadhis workedwhere they’re going,”home Murdock said. stateat Texasoftool North toA&M helpUniversity“Data, peopleif used understandwell andused itto mapdistricts. correctly,where isthings establishan educationalare sales andand territories;private sectors.usedLittle by AvonLeaguea wide networkreps groupsvariety haveof ofhavethree used Informationgroups dozen the in stateproduceddataboth But and theto by his localpublictheresearch Stateagencies, isn’tData Murdock said. islimited Center, to a race 2040,and ethnicity.two of inevery modern three history. Texansdropped “Our to couldlessdata thanbeof does the 50Hispanic,” suggestHispanicpercent population, thatforpopulation; theAngloby firstpopulation timelast ago, year,Anglos dueaccountedWhen mainlyMurdock for begantotwo-thirds mosthisthe populousworkrapid of in the3.8 growthTexasstate state’smillion 26 in in yearsthe the numbers country, stand afternumbersout. California.for Thethe state’slast andquarter officialofpopulation a century.Murdock, state grew Some director demographer,by of the Numbers, for somereason, stick.”Texashas Statebeen Databcrunching a dCenter s o m e t i m eis s , ”I’m h ejust recollect s a iterrible d . “ T htheir awith t ’people s names,names. n ohe’s t tand r“One uandmet e it’sStatistics, wand iof t h evenembarrassinglymy nspends u of m b ongoingworked e raBusiness’ s . lot withproblemsof recipientDepartmenttimethat apologizinghe ofof can’t to Murdock, Management awho joined UTSA $ last year as the Science D doesn’t remember your name. on’t take it personally if 1 977, moved his work and office to UTSA 1 million endowed chair in the College 1 990s. Texas now is the second Steve Murdock

We’re at theTexas frontlineof today phenomenon;isof thewhat Unitedit’s is all notStateshappening 50 juststates.of atomorrow growthnationally.”few“Diversification … states,”was fasterdemographics. ishe verythansaid. muchAnglonon-Anglo.In “The a thepopulation national But projects,Texas growth three isout notof in everyfor unique four 60 Texanspercentin willits of beTexas’ changingthat growth.growth By inNon-Anglos 2040,the Murdockaccounted for nearly last 80 summer, percentTexas of now hadranks 50th. droppedDead last. schoolto 45th,diploma. Byand among 2000, according statesone indecade that percentageto later, downwarddata of Texas adultstrend:released education withIn a levelhigh populationdrops. Here’srises,about oneso the doesclearstate’s Fortheindication years,povertygrowing ofMurdock level,population—that populace: income andeducation. haswhile been asthe wavingthethe socioeconomica warning factors state flagthat mostto affectmanageMurdock the andits hispopulationChange co-authors and thegrowthmade InFuture thethe byofcase Texasaddressingfor the The Challenge number ofissues. remains on callgovernment to provide entities. fordata providing Duringfor legislatorsRick informationlegislativePerry in 200on asAppointedsessions, any requested the he byofficial different researcher.policy state demographerpher, Stateby Data Gov.Center director combinesand appliedMurdock’s roles as Demographicstate demogra andChair Socioeconomicand to head theResearch, university’s whichnew Institute by rebecca forluther larger story to tell a uses numbers demographer 1 997 book

The Texas Challenge: Population 1 , Murdock also is responsible 1 1 990s; Hispanics accounted 990s, non-Anglo population 1 990, Texas ranked 39th

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information to be the mostMoede says accurate,he’s as found wellthe SDC’sas population statewide basis,” hesaid. our store networkingthe Data andCenter site ofinformation locationdifferent to analysisreally central sources help on andlook ofa atsouth Estatedemographic Texas. data,Center“We for subscribebut we Grocerytouse a chainnumber H-E-B hasbefore,” Murdock said. been using nitythe Stateto workData withinwith businessthe businesslargein a retailerswaycollege that businesses provides andweon haveanhealthcare informalus not had basis, an previously systems.workingopportu with done theirapplied“The workdemographicslocation within allows for the thebusiness group Research’s communities.to pursuelocation TheyThe their in Institutethegoal Collegeof forexpandingof Better Business DemographicBusiness also and Socioeconomic not justnumbers—it’s people.” his capacity for themnumbers,” all memorizedshe can.concluded. I like can “Butfindhe it’s povertythemdoes. very dataNo, quickly, fornone but“Idifferent Ican’tof don’t us areaspull have has upofState allthe Data thestate populationCenter like“He he researcherandgives income so and many recall thefigures that theyall with. work talks, he hashis ownthem staffall 33rdismemorized,” impressedin per withmedian capita Murdock’sage income, in abilitytionalTexas at to migrationis$ 32.3.year doubles Andby thatnaturalthat populationthe number.state increase is ranksAndincreasing state alone; that grew by thedomesticby 200,000 Murdock3.8 peoplemillionhimself,and everyininterna however,the ’90s.remember that moredoes than3.8million.” Andremember that the anotherTexas’ Corpus Christi,”of Dallas, plushe anothersaid. of city adding“Mostof San peopleAntonio,another 2000,will plus cityhe oftells Houstonmuchthem the thatandpopulation it’sanother to of a“roughlycity Texas lay grewthecontextaudience. fromequivalent thatSo, colleague whenpeople Murdockonce could understands advisedtells thatunderstand ahimpeople Stevelot to of Murdockhowpeopleput when mayaren’t. bigbe speaking numbersAgood Understanding Numbers former at numbers,into but he ought to bepaying attention to.” can very easilyprovides point context out beentosignificant theobserved numbers changes particularlyover… so thata [Murdock] longusefulwe period because of ittime. reveals “It trendsbasically that have Eric Moede 1 0 years, said H-E-B Director of Real , who handles site selection for 1 FACULTY FORUM 9,6 Beverly Pecotte 1 7. And so on. Even 1 990 to said. - -

11 FACULTY FORUM follow that cow! utsa faculty member ranked Are investors rational and efficient when making financial decisions? Yiuman Tse, professor of finance, and James best in the world Hackard, a fourth-year doctoral finance student, tackled that question recently when they conducted a research study on Twoof the top 20 researchers in the field of finance the effects of the May 2003 announcement confirming mad can be found in the UTSA College of Business. cow disease in Canada on financial markets. DonLien ,professor of economics, was named the Tse and Hackard tracked minute-by-min- top finance researcher in the world.Yiuman Tse , ute price disturbances in livestock fu- professorof finance, was ranked 20th. The rankings, tures, grain futures and the stocks of several fast food corporations providedby the SIRCA financial ranking system, immediately following the announcement. They studied the timing, were based on research from 2000 to 2005 in the persistency and rationality of those disturbances to determine whether markets are efficient. top 17 finance journals. “Abasic precept of efficient market theory is that when new information enters the market it should be Lien’s primary field of interest is in the futures impoundedin prices both quickly and accurately,” said Tse, who teaches international finance and investment marketwith supporting areas in economics and toundergraduate, graduate and doctoral students. “A corollary to this principle is that prices of securities for culturaleconomics. “Research tends to be fashionable,” whichthe information is not relevant should show no reaction. This is based on the notion that investors are saidLien, who also leads the college’s international rational and able to process all available information.” businessprograms office. “I stay current by constantly readingthe works of other scholars and generating Instead of the rational behavior expected in a financial situation, Tse and Hackard found that like cows, my own research.” Lien reads about 20 journal investorstravel in herds as well. According to their findings, unanticipated adverse information in financial articlesa week and writes about 1 5papers a year. markets is often met with overreaction and misperception. Lien credits his research success to his doctoral “Inthe aftermath of the announcement, we found that securities prices that should have been affected by the trainingat the California Institute of Technology. newsdidn’t react at the same time, that prices of other securities reacted in ways that were counterintuitive to Hisdoctoral program included economics, political the facts and that some securities that reacted should not have been affected at all,” said Tse. science and history majors.“I learned to see Hackardpresented their findings at the Financial Management Association international conference in differentapproaches to problems and appreciate Switzerland. A paper on the subject was recently accepted inThe Journal of Futures Markets. alldifferent areas of study,” said Lien, who currently isstudying the commodities market in China. He “Financeis not just quantitative, it involves sociology, history and human behavior,” said Tse. “I present my received the 2005 President’s Distinguished Achievement Award for Research Excellence. Tse’s research is in the field of price discovery in financial markets. A respected teacher and researcher,he has had his work cited over 1 00times byvarious refereed finance and economic journals. Hisresearch interests include international finance and market microstructure. Hehas been invited to discuss papers at conferences organized by the National Bureau of Economic Research and the NewYork Stock Exchange. Hereceived his doctorate in finance from Louisiana StateUniversity and joined the College of Business FACULTY FORUM FACULTY faculty in 2002 from the State University of New faculty member’s research touted in York at Binghampton. money magazine 12

Ron Rutherford, the Elmo J. Burke Jr. Endowed Chair in Building/Development, recently completed preliminaryresearch which found that homeowners fare better listing their homes with a limited-service broker asopposed to a full-commission broker. His findings were published in the July issue of Moneymagazine. faculty Analyzing55,000 home sales in the Dallas–Forth Worth area in 2002, he discovered that houses listed by profile limited-servicebrokers sold for 1 .7percent less than similar properties listed by traditional brokers, and the homesstayed 1 4days longer on the market. While the houses ultimately sold for less, the homeowners came full-time faculty 97% out ahead due to real estate commissions. tenured faculty 59% tenure-track faculty 20% Rutherfordsuggests the differences are due to either less effort by the limited-service broker or possible faculty with 86% boycotting by traditional brokers of these types of properties. He plans to obtain additional data and doctorates reexamine this issue next spring. college of business receives grant funding

The College of Business received over $150,000 cob faculty in grant funding for a variety of projects in 2004–2005.These included a $20,000 grant by honored with AssociateProfessor of Technology Management president’s Woodie Spivey to develop strategies and implementationprograms to help executives mentor distinguished high-technologystart-ups in the Canary Islands achievement and$ 12,000for Associate Professor of Management John McCray to research the impacts of awards U.S.-Chinatrade on the Texas transportation system. Largergrants were awarded in the areas of project Six College of Business faculty members were hastaught for more than 20 years as a non-tenure management and infrastructure assurance. honored at the university’s Faculty Honors trackfaculty member. He is an energetic and highly Kevin Grant, assistant professor of technology Convocationin May. Faculty members received devotedteacher who is constantly trying the latest management,received a $74,83 1grant from the honorsfor excellence in teaching, core curriculum classroomand Internet innovations to help connect NASACenter for Program/Project Management teachingand research. In the teaching excellence with his students. category, Michael Anderson, lecturer III in the Research.His grant funded a collaborative effort Forthe second time, Mark Leung ,associate professor Departmentof Management Science and Statistics, betweenresearchers at UTSA and the Challenger ofmanagement science, received the Chancellor’s receivedthe President’s Distinguished Achievement Learning Center (CLC) at Brooks City-Base.“The CouncilOutstanding Teaching Award. Since joining Awardfor Non-Tenure Track Teaching. Anderson researchteam developed an innovative hands-on UTSAin 1 999,Leung has helped develop and refine regularlyreceives high teaching evaluations in an learningprogram to impart project management courses in the statistics core. Leung has received area known for its rigor—statistics. Jim Groff, skills,with a particular emphasis on techniques to research grants for transportation and logistics professorof accounting, received the President’s recognize,elicit and apply team member expertise,” studies as well as neural network studies. said Grant, who was also selected to serve as a DistinguishedAchievement Award for Teaching fellow of the NASA Center for Program/Project Excellence. He has taught at all levels in the Don Lien, professor of economics, received the Management Research. accountingprogram, and he developed an online President’sDistinguished Achievement Award for MBA course as part of the UT Telecampus. Research Excellence. Lien is a world-renowned Theinitial target audience for the learning programs researcher.His work spans the fields of economics, Facultyreceiving honors for core curriculum teaching wasyoung professionals employed by NASA who finance and statistics. The Financial Research wereRobert Collinge ,professor of economics, and arecandidates for future roles as project managers. RankingSystem ranks Lien as the number one finance RichardWelch ,lecturer III in economics. Collinge Theproject ran from July 1 ,2004, to January 2005. researcherin the world based on his publications teacheslarge sections of introductory economics Grantwas the principal investigator of the project. in the top 17 finance journals for 2000–2005. MichaelBauman ,assistant professor of psychology toboth majors and non-majors. His class serves as at UTSA, was co-investigator. UTSA was one of anincubator for future economics majors. Welch eightinstitutions awarded grants to study this issue. Otherinstitutions were Georgetown, MIT, Stevens Institute ofTechnology, University of California at Berkeley, University of Central Florida, the six new faculty join business team University of Colorado and the University of

Six new faculty members joined the College of differencesin branding, consumer-brand relationships FORUM FACULTY Southern California. Businessin 2004. The Department of Economics andco-branding strategies. Allen Zhang received Jan Clark, professor of information systems, welcomedYong Bao as assistant professor of his doctorate from the Katz Graduate School of was awarded over $50,000 in grants from the economics.He received his doctorate in economics Businessat the University of Pittsburgh. His teaching Departmentof Defense—bringing her total to over from the University of California at Riverside. interests are in the areas of marketing research, 13 $500,000 in information assurance awards.The His research interests are econometric theory, consumerbehavior, marketing management and grantswere awarded to support scholarships at appliedeconometrics, finite sample theory and international marketing. theundergraduate, graduate and doctoral levels as financial econometrics. Assistant professors Bongjin Kim and Mark wellas capacity building for department programs. The Department of Marketing hired three new Suazo are new additions in the Department of “UTSA is committed to becoming a premier site facultymembers as assistant professors. Ashwani Management.Kim served as assistant professor for producing quality information assurance Mongareceived his doctorate in marketing from at California State University in Northridge. He and security talent and supporting IAS research theUniversity of Minnesota. His research interests receivedhis doctorate in management from the and development,” said Clark, a certified include behavioral decision theory, evaluation Universityof Pittsburgh. Suazo received his doctorate information systems security professional. of brand extensions and changes in consumer inorganizational behavior from the University of expectations.Sonia Monga received her doctorate Kansas.He previously served as assistant professor inmarketing from the University of Minnesota. Her at Bryant College in Rhode Island. researchinterests are in the fields of cross-cultural kudos college of business awards summer research grants TomCannon ,director of the Tourism Management Program,has been appointed by the San Antonio Twenty-sixCollege of Business faculty members received summer research grants totaling $ 142,000. CityCouncil to a two-year term as commissioner The college began offering research awards in 1987 to encourage faculty research. on the San Antonio Convention and Visitors Commission. Cannon chairs the commission’s Accounting Information Systems and Technology Budgetand Finance Committee. He has also been Management elected vice chairman of the 350-member San Marshall Pitman: Deregistration: A Reasonable Antonio Area Tourism Council and chair of Response to Sarbanes-Oxley? Kevin Grant: Projects in Space theAmerican Marketing Association Academic Robin Radtke: Measuring Accountants’ Division’stourism, hospitality and leisure marketing Sang Lee: Perceived Price Fairness of Dynamic Ethical Reasoning Pricing in the Internet special interest group. Austin Reitenga:The Timing of Executive Stock Martha Fasci was promoted to assistant vice Management presidentfor extended services. Fasci is an associate Option Grants professor of accounting. She also received the Cynthia Lengnick-Hall: Understanding Internal Pamela Smith: Nonprofit Health Care Knowledge Markets in Organizations university’sRichard S. Howe Excellence in Service toUndergraduate Students Award in December. Economics Mark Lengnick-Hall: Does Human Resources The award recognizes UTSA faculty and staff Ali Firoozi: The Role of Interactions in (HR) Certification Make a Difference in Hiring whohave advanced the undergraduate mission of Multinationals’ Foreign Direct Investment Decisions and Career Advancement? the university. Saeid Mahdavi: State Tax Effort in the Patricia Martinez: Identity atWork and Ethnic Management Professors Cyndi and Mark United States Citizenship Behaviors Lengnick-Hall recently had their book Human ResourceManagement in the Knowledge Economy: John Merrifield: A Competitive Education Katsuhiko Shimizu: Role of Confidence in New Challenges,New Roles, New Capabilities by Industry Index Effective Implementation Berrett-Koehler Publishers, Inc., translated into a Management Science and Statistics Koreanedition. The original book was published in DaleTruett :The Impact of NAFTA on the Mexican December2002. Their book examines how human Maquiladora Industry JerryKeating :Estimating the Blending Coefficient in Blended Underground Storage Tanks resourcemanagement must change if it is to remain a LilaTruett :The Impact of NAFTA on the Mexican vital part of an organization. Maquiladora Industry Mark Leung: Conventional Models and Neural JohnMerrifield ,professor of economics, has been NetworkArchitectures in the Pricing and Trading SuZhou :Real Exchange Rates of European Countries invitedto contribute an essay to a special volume of Index Options Before and After the Introduction of the Euro thatthe Friedman Foundation is preparing to mark AnuradhaRoy :Multivariate Repeated Measures the50th anniversary of Milton Friedman’s 1 955book Finance chapterlaunching the modern school choice movement. KaranBhano t:The Relationship Between Interest Minghe Sun: A Training Procedure for a Katherine Pope, director of graduate student Ratesand the Demand and Supply of Funds in the Multiple-Group Support Vector Machine services,was named to the 2005 Leadership Lab United States Ram Tripathi: A Review of Models for Count Classsponsored by the North San Antonio Chamber Data with Extra Zeros of Commerce. Lalatendu Misra: Ownership Structure in International Joint Ventures LindaShepherd ,lecturer III in the Department of Kefeng Xu: Supply Chain Management Tom Thomson: Using MLS Data to Predict FACULTY FORUM FACULTY InformationSystems, was nominated for the ninth editionof Who’s Who Among America’s Teachers .A Residential Foreclosure multiple-yearnominee, Shepherd joins the exclusive Yiuman Tse: Doctoral Research Projects rankof teachers (less than 2 percent) who have been 14 honored in more than one edition. TheMBA Association honored graduate faculty membersduring their annual awards ceremony. Rick Utecht,associate professor of marketing, was named Favorite 5003 Professor. Palani-RajanKadapak - promotion and tenure kam, professor of finance, was named Favorite 5023Professor. Mark Leung ,associate professor of professor management science, received the Extra Effort nandini kannan, management science and statistics RealWorld Award. And, Management Lecturer II yiuman tse, finance Mark Phillips received the Overall Favorite su zhou, economics Professor Award. associate professor with tenure mark leung awards ceremony its own in college honors lecture format,losophy emphasizing includes hestatistical a workscommitment as computing hardAnderson to as thehis is traditionalstudents.knownExcellence asHis Award a teachingfordemandingscience Non-Tenurephi andinstructor, Trackstatistics,Michael Faculty.Andersonbut received theunderstand the usefulness of the Dean’ssubject. businessTeaching examplescomplex in issuesthe classesclassroomwith haveclarity praisedthat maintaining andhimhelp forto rigorousthemhispresent level.abilitystandards. practicaltoHe Studentsexplainis innovativeentin his courses in the In atclassroom, the both past while the fouralso undergraduatein 1995. years, Leung hasCurry,and taught graduatea eightrespected E. Loudiffer Curryfaculty Award.Award ismemberThe presented college’sreceivedwho inthe passedpremierE.memory Lou LeungCurryofteaching away TeachingLou award,Excellence Collegethe of Businessin theAwards areas BanquetFiveof teaching,infaculty May. researchmembers andwere servicehonored at forthe excellence , associate professor of management science,

, lecturer III in management Mark - - journals includingarticles the in variouscollege. high-levelSince isarriving a economics highlyin 2002, respectedplishments and he financeteacherinhas teaching, publishedawardand researchresearcherhonors a andFaculty facultyin service. the member Award Tse forfor theirOverall accomFacultyFinally, Excellence. This nominating committee. the graduate council and the HonorsFaculty Senate College representative,AACSB isaccreditation. a member He ofof servesa asnew the admissionscollege’she haspolicy, guided catalogthePrograms changes committeeCommittee and throughforThomson thethe college.servesissues Inreceived as thisthe thePatrick role J. chairClynes Service Tom Award.of Thomson the Undergraduate clauses.trigger in corporate intervention.finance, examines Thethe stockthe second market, impact and article, whetherthe of effects the rating ofagovernment this theoreticalshould typeJournal of intervene inarticle of in Financialelite journals—the BhanotEconomics had two Endowedarticles acceptedResearch Col. forJeanAward Piccione publication and recipient.Lt. Col.associate Philip Piccioneprofessor This of pastfinance,In the year, wasarea named ofthe research toexcellence, present theirtools analysisand a towriting a non-technicalcomponent thataudience. teaches students the college’s Endowed Yiuman Tse , associate professor of finance, , professor of finance, received Journal of Business Review of Financial Studies 1 969 Commemorative . T h e f i r s t a r t i c l e e x p l o r e s Karan Bhanot and the 1 2 - , ,

J o u r n a l o f F i n a n c i a l a n d Q u a n t i t a t i v e A n a l y s i s journals in a Tse2002 was studyranked byinternational 43rdthe amongUniversity financeall of authors ofBankingand Daytoninmarket finance and microstructure. Finance excellent skills. customer service solution. He excelssolving problemsin teamworkand is finding dedicatedand the is bestto notedassistant hispossible workfor andhisdirector isHelping othersenthusiastic ofis a academicpassion aboutfor John Soudah, computing.and patient demeanor. Soudah Statistics. Metz isthe knownDepartment forof herManagement Karen cheerfulMetz Scienceis anattitudeand administrative associate II the college since 2000. in excellent customerher servicecooperative skills.associatespirit, She her inhas leadership andthebeen dean’sskillswith andTheoffice. recipientsher Shewere was nominatedbanquet inMay. for the Dean’s Excellencein the college.Awardclassified at Threethe staff college’srecognizerecipients members awards thewhowerethis accomplishmentsyear excel chosenby Dean in Collegetotheir receiveof of jobBusinessprofessional dutiesstaff awardsStaff Awards and were instituted in the Beijing BusinessCity Commercial advisory AtBanking thegroup Program. collegeand Facultylevel,is an he Senateactiveservesof Finance’sonand participant the Ph.D. serves International program.He Tseon has is thea beenmember budgetof an thatactive committee.was publishedparticipant in in the Department John Soudah . Cordova is a senior administrative Lynda de la Viña Diane Cordova . His research interests include Financial Management . The awards , Karen Metz and Journal .

1 5 FACULTY FORUM FACULTY PUBLICATIONS

Accounting “An Empirical Investigation of For-Profit and “The Use and Abuse of the Hedging Effectiveness Tax-Exempt Nonprofit Hospitals Engaged in Joint Measure.”International Review of Financial Analysis . Gary Bridges Ventures.”Health Care Management Review .Vol. 29, No. Vol. 14, (2005): 277–282. Co-author.“Economic Impact Study for the UT 4, (2004): 284–290. System.” TEXAS Business Review. (April 2005). Co-author. “Brain Drain or Brain Gain: A Revisit.” “The JointVenture Saga in the Nonprofit Hospital Journalof Population Economics .Vol. 1 8,(2005): 1 53–163. Russell Briner Sector.”Taxes—The Tax Magazine. (September Co-author.“Settlement Specifications on Commod - 2004): 41–47. Co-author.“Changes in Performance Reporting: ityFutures Contracts.” Focus on Agricultural Economics . Hauppauge, NewYork: Nova Science Publishers, An Analysis of FASB and IASB Proposals.” Sandra Welch Proceedingsof the Hawaii International Conference Vol. 1, (2005): 53–76. on Business. (May 26–29, 2005). “An Empirical Investigation of Misappropriation Co-author.“Women’s Education, Labor Force Red Flags in Governments: SAS 82 and Beyond.” Participation and Development in Africa.” Martha Fasci Researchin Government and Non-Profit Accounting . Globalization,Liberalization, and the Role of Women Vol. 11, Ch. 8, (2004): 163–194. Co-author.“A Comparative Profile of Male- and inAfrican Development .Trenton, New Jersey: Africa Female-OwnedSmall Accounting Practices.” Journal of World Press/The Red Sea Press, (2005). Small Business Strategy. Vol. 15, No. 1, (Spring/ Economics “A Note on Asymmetric StochasticVolatility and Summer 2004): 17–32. FuturesHedging.” Journal of Futures Markets .Vol. 25, Ron Ayers (2005): 607–612. Jim Groff Co-author.Economics: Explore & Apply .Enhanced edition. Co-author.“Covered Calls: A Lose-Lose Investment.” Co-author.“Municipal Financial Reporting on UpperSaddle River: Prentice Hall, (2005): 796 pages. Journal of Financial Planning. (May 2005). theWorld Wide Web—A Survey of Financial Data Co-author.Microeconomics: Explore & Apply .Enhanced Displayedon the Official Websites of the 1 00Largest Co-author.“Capital Controls and Foreign Direct edition. Upper Saddle River: Prentice Hall, (2005): Investment.”World Development.Vol. 32, (2004): U.S.Municipalities.” Journal of Government Financial 491 pages. Management.Vol. 53, No. 2, (Summer 2004): 20–33. 479–490. Co-author. Macroeconomics: Explore & Apply. Co-author.“Firm-Level Return Distribution and Rick Hatfield Enhancededition. Upper Saddle River: Prentice Hall, Correlation Asymmetry: Challenges for Portfolio (2005): 489 pages. Co-author.“A Note on the Relation Between Frames, Diversification.”Applied Financial Economics .Vol. 1 4, Perceptions,and Taxpayer Behavior.” Contemporary Co-author.Economics by Design: Principles and Issues . (2004): 447–456. Accounting Research. Vol. 22, No. 1, (2005). Third edition. Upper Saddle River: Prentice Hall, Co-author.“A Note on Price Futures versus Revenue (2004): 496 pages. Co-author.“Determinants ofTax Professionals’ FutureContracts.” Journal of Futures Markets .Vol. 24, (2004): 503–512. Aggressivenessand Fees.” Advances in Accounting Yong Bao Behavioral Research. Vol. 7, (2004): 25–49. “Cash Settlement and Futures Price Volatility: Co-author.“Bias of a Value-at-Risk Estimator.” Finance Evidencefrom Options Data.” Advances in Quantitative Co-author.“Professional Liability Suits Against Research Letters. Vol. 1, (2004): 241–249. TaxAccountants: Some Empirical Evidence Regarding Analysis of Finance and Accounting. New Series. CaseMerit.” Advances in Taxation .Vol. 1 6,(2004): 3–23. Co-author.“Reexamination of Economic Growth, Tax Vol. 1, (2004): 29–44. Policy,and Distributive Politics.” Review of Development “A Comparison of Sortino Ratio and Omega Co-author.“Electronic vs. Face-to-Face Review: Economics. Vol. 8, (2004): 474–482. The Effects of Alternative Forms of Review on Function for Portfolio Selection.” Finance Letters. Vol. 2, (2004): 11–15. Audit Preparer Performance and Accountability Bob Collinge Perceptions.”The Accounting Review.Vol. 79, No. 4, Co-author.“Tourism and Economic Growth in (2004): 949–66. Co-author.Economics: Explore & Apply .Enhanced edition. UpperSaddle River: Prentice Hall, (2005): 796 pages. Colombia: The Role of Violence.” Rivista Internazionaledi Scienze Economiche e Commerciali . Marshall Pitman Co-author.Microeconomics: Explore & Apply .Enhanced Vol. 51, (2004): 285–295. Co-author.“Ethical Decisions In theWorkplace: edition. Upper Saddle River: Prentice Hall, (2005): 491 pages. “State-DependentPreferences and Futures Hedging.” Are They Governed by Personal Ethics Or Pacific Economic Review.Vol. 9, (2004): 143–149. CompanyCodes of Ethics?” Ethics and Critical Thinking . Co-author.Macroeconomics: Explore & Apply .Enhanced No. 4, (2004): 15–49. edition. Upper Saddle River: Prentice Hall, (2005): “A Note on Dual Hedging.” International Journal of Business and Economics. Vol. 3, (2004): 29–34. Co-author.“The Audit Expectation GAP of the 21st 489 pages. Century.”Today’s CPA. (June/July 2004): 32–35. Co-author.Economics by Design: Principles and Issues . Co-author.“Futures Markets in the People’s Republic (Reprintedin KYCPA.ORG The Magazine .(October/ Third edition. Upper Saddle River: Prentice Hall, ofChina: Development and Prospective.” American FACULTY PUBLICATIONS FACULTY November 2004): 10–13). (2004): 496 pages. Journal of Chinese Studies.Vol. 11, (2004): 25–35. Co-author.“Municipal Financial Reporting on Co-author.“Optimal Bidding and Hedging in theWorld Wide Web: A Survey of Financial Data Fathali Firoozi InternationalMarkets.” Journal of International Money Displayed on the Official Websites of the1 00 “Stochastic Modeling in Range Management.” and Finance. Vol. 23, (2004): 785–798. 16 LargestU.S. Municipalities.” Journal of Government AmericanJournal of Agricultural Economics .Nova Co-author.“A Bargaining Approach to Currency Financial Management. (Summer 2004): 20–30. Science Publishers, (2004). Collars.”Research in International Business and Finance . Vol. 18, (2004): 229–236. Ted Skekel Don Lien (Da-hsiang Lien) Co-author.“Alternative Settlement Methods and Co-author.Advanced Accounting .First edition. John Co-author. “Comparisons of Short and Long Australian Individual Share Futures Contracts.” Wiley & Sons, Inc. (January 2004): 644 pages. Hedge Performance:The Case ofTaiwan.” Journal Journalof International Financial Markets, Institutions of Multinational Financial Management.Vol. 15, & Money. Vol. 14, (2004): 473–490. Pamela Smith (2005): 51–66. Co-author.“Hedging Long-Term Commodity Risk: A “The Need for UBI Expense Allocation Methods Co-author. “Allocating Assets in Retirement Comment.”Journal of Futures Markets .Vol. 24, (2004): forTax-Exempt Organizations.”Taxes—The Tax Savingsto Avoid Downside Risk.” Managerial Finance . 1093–1099. Magazine. Vol. 83, (June 2005): 39–44. (2005): 18–32. Co-author.“Return Autocorrelations on Individual Co-author. “Ethical Dilemmas in the Non- Co-author.“Is Covered Call Investing Wise? Evaluating Stocksand Corresponding Features: Evidence from profit Sector–The Need for Analysis of Employee the Strategy Using Risk-Adjusted Performance Australia,Hong Kong, and United Kingdom Markets.” EthicalBehavior.” Journal of Nonprofit Management . Measures.”Advances in Quantitative Analysis of Finance Reviewof Pacific Basin Financial Markets and Policies . Vol. 8, No. 1, (2004): 26–36. andAccounting .New Series. Vol. 2, (2005): 1 87–204. Vol. 7, (2004): 397–422. “Cointegration and Optimal Hedge Ratio.” Keith Fairchild Co-author.“A Hierarchical, Objectives-Based Frame - QuarterlyReview of Economics and Finance .Vol. 44, “Fit-Rite,Inc.” Proceedings of the Southwestern Finance workfor the Digital Investigations Process.” Proceedings (2004): 654–658. Association. (2005). ofthe Digital Forensics Research Workshop .Baltimore, Md., (August 2004): 1–17. Saeid Mahdavi Palani-Rajan Kadapakkam Co-author.“Why There Aren’t More Information “Shifts in the Composition of Government Co-author.“Operating Performance and Stock SecurityResearch Studies.” I nformation& Management . Spendingin Response to External Debt Burden.” World Returns of Firms Calling Convertible Preferred Vol. 41, (May 2004): 597–607. Development.Vol. 32, No. 7, (July 2004): 11 39–1157. Stocks.”Journal of Business Finance and Accounting . 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PopulationGrowth in Texas: Growing, Diversifying Decisions Using theWagner-Whitin Model with ThePsychology of Entertainment Media: Blurring the Lines andAging with Potentially Significant Implications for Backorders.”Proceedings of the 1 5thAnnual Production BetweenEntertainment and Persuasion .Mahwah, N.J.: the Future of Texas.” Texas Almanac. (2005). andOperations Management Society Conference .Cancun, Lawrence Erlbaum, (2004). Mexico, (2004). “Minority Children: Population Growth,” in An Co-author.“A Process Model of Consumer Cultivation: Authoritative Resource on the State of Children Kefeng Xu The Role ofTelevision is a Function of theType of Today.Washington, D.C.: American Academy of Judgment,”in The Psychology of Entertainment Media: Pediatrics, (2004). Co-author.“Information Gaming in Demand Col- Blurringthe Lines Between Entertainment and Persuasion . 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college’s business scholars program receives innovation award

The Business Scholars Program in the College of Businessunder the direction of Lorenzo Villarreal students expand was recognized with the 2005 Innovative horizons in the AchievementAward from the Southwestern Business Deans’Association. The program was established nation’s capitol in 2002as a mentoring program for economically disadvantagedand/or first-generation college students pursuing careers in business. roadeningtheir horizons, 1 5UTSA students Collegesand Universities intern program. Working B participated in internships this summer in on the civil rights staff in the U.S. Department of Thisyoung program is innovative in two aspects. Washington.With opportunities available locally, AgricultureForest Service, she developed training First,instead of looking at only academic solutions regionallyand nationally, the students found that modules for people with disabilities. tosolving retention problems, the Business Scholars the chance to work in D.C. was an opportunity Programaddresses the cultural, mental and financial Developingmanagement skills was an important that they could not pass up. restrictionsthat prevent students from achieving outcomefor her. “I have learned good practices from academicsuccess. By exposing students to a diverse EmmanuelAlanis ,a graduate student pursuing a some,and I’ve learned what not to do from others. If array of activities, it creates a more well-rounded master’sdegree in economics, interned with First yougo with an open mind and focus on your job, you businessstudent. Secondly, instead of viewing success Voice International as a multimedia researcher. can benefit from your experience.” askeeping these students in college, students are He was responsible for researching technology Followingher semester-long internship experience, challengedto become leaders in their respective optionsfor the company’s satellite operations. First Figueroaimpressed her employers so much that fieldsand to graduate in the top 25 percent of their Voiceworks with community groups, international shewas offered a summer job with the USDA and a business class with academic honors. organizationsand government agencies to deliver full-timeposition as an equal employment specialist informationon pressing issues to impoverished Studentsattend monthly meetings, receive academic this January when she completes her degree. rural and urban populations in Africa and Asia. mentoring, learn about financial resources and Alanisreviewed the business applications of these Margot Quijano, a Ph.D. student in finance, receive career counseling. Since the program’s technologiesand decided which ones were most internedthis summer with the Office of Economic inception, it has grown to over 75 students, has cost-effective. Policy in the U.S. Department of theTreasury. awardedover $ 120,000in scholarships and boasts “Iparticipated in the summer internship program to a 77 percent student retention rate. “Myexperience at First Voice was extremely benefi - addvalue and experience to my professional career,” cial,”said Alanis, who worked in their four-person saidQuijano, who completed her undergraduate office. “It was even better because it was a small studies in Monterrey.“I focused on a project that organization.I was immediately plugged into the analyzedthe marginal propensity to consume in the workflow. Smaller organizations allow interns to United States.” maximize their experiences.” JohnJennings ,assistant dean of undergraduate

STUDENT SPOTLIGHT Senior economics major Cindy Calhoun professionaldevelopment in the College of Business, participatedin the Department of Census Bureau saidthat internships are vital to career development. internshipprogram as a survey statistician. With her “Studentswith internship experience are almost twice diversebackground in statistics and econometrics, aslikely to obtain interviews and post-graduation she verified data accuracy from local, state and 20 job offers, compared to non-participants. government agencies. Internships allow students to build job-related “I was exposed to different people and different skillsunder professional supervision and provide cultures,” Calhoun said.“It allowed me to get to students with a realistic career preview of their knowthe government system and begin networking. major,” he said. It also cemented in my mind that I can get a job ForQuijano the tangible benefits of her internship andbe productive in a working environment when experiencewere nice, but more important were the Igraduate this winter. I gained valuable experience changes to her mental outlook.“This internship working in a government environment.” hasbroadened my outlook of the profession. I have Corpus Christi native Brenda Figueroa, an MBA beengiven a whole new perspective on my career and studentwith a concentration in marketing, interned my future.” inD.C. last fall through the Hispanic Association of human resource students know how to compete

Studentsin the undergraduate human resource Three teams were selected as finalists from the studentsand to help prepare them for the Professional programnot only represent the College of Business competinguniversities and received a free trip to Human Resource (PHR) certification exam. The inregional and national competitions, they play to Washington,D.C., to present their findings to a panel competition,formatted like the game show Jeopardy, win.This past year three teams of students excelled ofjudges from the Department of State. A team of showcaseshuman resource knowledge. The questions in regional and national competitions. graduate students from Ohio State University are divided into categories similar to the PHR wonfirst place and Georgetown University placed examsuch as management practices, selection and Ateam of undergraduate human resource students third. The competition was a collaboration recruitment and compensation and benefits. placedsecond nationally in a management case study betweenEdVenture Partners, a higher education competitionsponsored by the U.S. Department of Historically,the college’s human resource program consulting firm, and the State Department. State.The students received $2,000 and a certificate hasled the nation in the number of students who Thecompetition allowed students to apply their fortheir achievement. Team members were Joanna pass the PHR certification exam, and the SHRM knowledgeand skills to real problems experienced Barrerra, Danae Bennett, Suzanne Ricketts, studentorganization regularly receives national bythe department and provided the department Sylvia Rodarte and Lorena Segovia. honorsfor its student chapter. Mark Lengnick-Hall, with assessments from some of the best human professorof management, advises the SHRM student “I am extremely proud of the accomplishments resource programs in the United States. chapter.The team was coached by Steve Werling , of these students,” said Lynda de laViña , dean alocal human resource professional who teaches of the UTSA College of Business.“The students HR Games thehuman resource class that prepares students wenthead-to-head with prominent universities forthe games as well as professional certification. nationwide,and they were only bested by a team For the first time in the history of the Texas HR STUDENT SPOTLIGHT ofgraduate students. This is evidence of the quality Gamescompetition, one university received both of students at UTSA and the quality of our firstand second place honors—those teams were academic programs.” fromUTSA. Following their win, the teams advanced tothe Southwest Central regional competition in 21 Twenty-twouniversities were invited to participate Salt Lake City and finished second and third. in a case competition in which student teams graduate analyzeda real problem that the State Department UTSATeam One placed second in the regional student profile was facing:They were tasked with developing a andstate competitions. The team was comprised plan to improve staffing and morale at the State of Danae Bennett, Andrea Gonzalez, Lorena enrollment Departmentembassy and consulate in Nigeria. Segovia and Gloria Callaway as the alternate. • 835 master’s Thestudents were members of a strategic human UTSATeam Two placed first in the state competition • 33 doctoral resourcemanagement course taught by Professor andthird in the regional competition. Team members flexible format 72% were Brenda Briones, Sarah Gonzalez, Amanda program Mark Lengnick-Hall. Hall was named the HR female 47% Southwest Educator of theYear in 2003 and has Vela and Darcene Bower as the alternate. hispanic 32% advisedthe student chapter of the UTSA Society for The Society for Human Resource Management international 10% average gpa 3.4 Human Resource Management for five years. sponsors the HR Games every year to motivate kudos reaching out, business students assist in the community CraigArmstrong ,a doctoral student in organization andmanagement studies, presented a paper at the annualconference of the Strategic Management Society in San Juan, Puerto Rico. He was one of 25 Inaddition to attending class all day, working and whatthey learned, the students made presentations doctoralstudents competitively chosen to participate interacting with their families, several business tostaff and church leaders with recommendations inthe society’s doctoral student workshop at the studentgroups are also actively engaged in com - for changes. meeting in Puerto Rico. munityoutreach and service. Undergraduates in “Thesynergy from mixing those two groups of students theUTSA chapter of Students in Free Enterprise are James Hackard, a doctoral student in finance, was magical,” said Plowman, who co-authored committedto community service projects that stress waspublished in September 2004 in the Review of a paper with the doctoral students on this study financial literacy and entrepreneurship. QuantitativeFinance and Accounting .His paper, “Can and presented it at the 2005 National Academy Island Provide Liquidity and Price Discovery in Thechapter presented lessons on money and financial ofManagement meeting. “Contrary to what some theDark,” was co-authored with Finance Professor management to local schools.The elementary maysay, academic research can be beneficial for Yiuman Tse. school presentation, “The Story of Money,” the community.” combinedmusic, interaction, props and dancing Remi Nel, an MBA student, finished third place “Asa result of this project, I have become more aware to inform students about the division of labor, out of 420 teams internationally in the Fall 2004 ofthe magnitude of the homelessness problem in theportability of money and the barter system. At Challengesponsored by Management Simulations. SanAntonio and the multitude of needs that they thehigh school level, the “To Your Credit” presentations Nelpreviously used the company’s computer simula - have,”said Tammy Beck, a management doctoral taught high school seniors about managing tionbusiness model in his undergraduate capstone student.“Since beginning this project, I have become creditcards. The chapter also developed a personal class as well in a marketing graduate course with personallyinvolved in providing aid to those who financial literacy program for convenience store Professorof Marketing Tina Lowrey. The simulation are homeless.” employeesthat was also translated into Spanish mimicsa traditional business by having participants for the bilingual employees. Finally, through Senior LecturerBennie Wilson’s launchfive products in five market segments and BusinessCommunication and Professional Devel - manipulatingresearch and development, marketing, Basedon these projects and others, the UTSA SIFE opmentcourse, students have formed a partnership production and finances for their business. team placed third regionally in the SIFE regional withJunior Achievement. Business students visit competition in Dallas. Assistant DeanConsuelo KateTrepalina received the outstanding student areamiddle and high schools to teach young students Ramirez advised the UTSA student chapter. award from the Financial Executives Institute. abouta variety of business and economic subjects Trepalina is a senior majoring in finance at UTSA. Aclass project in Management Professor Donde such as personal economics, the international Plowman’sgraduate level Organizational Decision marketplace,the U.S. economics system and private Annetta GuilloryVillarreal , a graduate student Making course culminated in a research study enterprise.They educate the students about business, pursuing an MBA in health care management, relatedto the issue of homelessness in downtown but in return they receive valuable real world receivedthe Texas Business Hall of Fame Scholar - San Antonio.The project was designed to assist leadership and communication skills. ship.The scholarship is awarded to graduate TravisPark United Methodist Church in reviewing studentswho display leadership in academic and Since the program began in 2002, 640 students theirdecision processes regarding a day center for campusactivities, demonstrate a propensity for have served as Junior Achievement volunteers, the homeless that they operate. entrepreneurialachievement and have high academic makingbusiness presentations to 1 5,300students. credentials and moral character.Villarreal is the Thestudents, including five doctoral students and As a result, UTSA is the largest single source of owner of Mommy’s Helper, Inc., a company that sixgraduate students, interviewed business and Junior Achievement volunteers in SouthTexas. providespersonal assistance to busy parents and political leaders as well as church and day center Thecollege received the Outstanding Community the elderly. staff.They also designed a survey and administered PartnerAward from Junior Achievement in 2003 STUDENT SPOTLIGHT it to members of the church congregation and in recognition of this achievement. The College of Business chapter of the Financial homelessvisitors at the day center. Pulling together Management Association received the FMA Bronze Membership Development Award.The awardis presented to chapters who demonstrate 22 excellence in the recruitment of new student members.Lulu Misra ,professor of finance, advises the student chapter at UTSA. Fivegraduate students were awarded scholarships by undergraduate student profile theNational Association of Hispanic MBAs. Recipi - enrollment 4,940 ents wereJohn Alderete, Angeles Cordova,The - female 44% resa Dobbs, Peter Morales and Alfred Rocha. minority 57% hispanic 46% Accounting doctoral studentsBrian Daugherty ranked second in the nation for the number of undergraduate business andWayne Tervo won the Outstanding Ph.D. degrees awarded to hispanics. StudentManuscript Award at the Ethics Symposium, heldprior to the American Accounting Association annual meeting. DEVELOPMENT UPDATE

partnering to achieve the college of business vision by kimberly s. west

ontributionsfrom corporations, philanthropic suchan arrangement include income to the donor • Endowmentsare perhaps the most enduring Cfoundations,friends, alumni and college faculty and/oranother beneficiary for life, a charitable tax gifts donors can make toThe University of andstaff are central to the College of Business’ goal deductionfrom income or estate taxes and avoidance Texasat San Antonio since they are permanent toachieve national ranking and recognition. Since of capital gains tax on appreciated property. fundsthat will exist in perpetuity. The income the university, and thereby, the college receives is used to support a specific area such as In appreciation and recognition of leadership only27 percent of our support from state funding scholarshipsor faculty awards, in keeping with gifts to the College of Business, UTSA can name such gifts are key to the success of our teaching, the donor’s wishes.The minimum amount appropriateareas in the university in honor of donors. scholarship, research and outreach efforts. requiredto establish an endowment is $ 10,000. Opportunities could involve specific program Demandson business and business education are centers,classrooms, commons and other areas. In • Endowed Faculty Awards are awarded to greaterthan ever. The continuing need to upgrade addition,the College of Business is offering naming nationallyrecognized scholars who enhance the skills of our students from the San Antonio opportunitiesfor Faculty Fellows Awards that will the college’s research output, institutional communityand beyond, combined with the rapid helpadvance the college’s objective to attract and visibility and community outreach. A paceof change in the business landscape, make it retainthe best and brightest faculty members from DistinguishedProfessorship can be established imperative that the College of Business expand around the world. with a gift of $250,000; a Professorship accessto academic programs and offer an increasing with $100,000; and a Fellowship with Hereare just some of the ways that donors can partner numberof innovative programs. Private support is $50,000. Annual gifts can be made to the with the UTSA College of Business to enhance essential to meeting these challenges. FacultyFellows Awards program with naming educational opportunities. and other recognition opportunities as well Justas donor interests and giving capacities vary, • The Knowledge for a NewWorld Fund is as collaboration between the donor and giftsto the College of Business can take a variety of thedean’s discretionary fund driven largely faculty member. forms for a myriad of purposes. Outright gifts are bycorporate support, filling a gap where no direct transfers of assets to the college.They may statefunds are available. Contributions to this bemade with cash, securities, closely held stock, real • University Chairs are awarded to interna- strategicfund promote ongoing curriculum; estateand, occasionally, tangible personal property tionallyrecognized experts who bring prestige facultyand student development; initiate new suchas artwork. Most outright gifts qualify the donor to the university. The holder of the chair programs;recruit and retain prominent faculty; engagesin scholarship, mentors junior faculty fora charitable income tax deduction equal to the UPDATE DEVELOPMENT anddefray travel and publication expenses of fairmarket value of the gift. UTSA will provide a gift andprovides input to the business community studentsand faculty representing the college. acknowledgementto its donors for tax purposes. in the form of workshops and seminars.The Gifts range from the Partner Level of $1,000 Distinguished University Chair, the highest Gifts from a will, known as bequests, are among upto the Visionary Level of $20,000 or more. honorbestowed to a faculty member, can be 23 themost popular means of making charitable gifts • AnnualScholarships have a minimum funding established with a gift of $2 million; a Distin- fromone’s estate. Almost anyone can make a legacy levelof $500 to establish a named scholarship. guished Chair with a gift of $1 million; and a giftthrough a simple will or revocable trust. Those Donorsoften renew their support annually. Chair with $500,000. interestedin making such a financial decision are advisedto consult their professional tax adviser or • AnnualFund contributions from alumni, their For more information, contact Kim West, legalcounsel to help them make the wisest move. parents and other supporters that are director of advancement for the College of designated to the College of Business help Business, at (210) 458-7307 or via e-mail Lifeincome gifts offer an opportunity to invest in drivestudent programs, student professional at [email protected]. programsnow without sacrificing income from development—rangingfrom student internships personalinvestments. These gifts can meet estate and study abroad to participation in planning objectives, family considerations and competitionsand conferences—and serve other majortax concerns while at the same time providing college needs. much-neededsupport to the college. The benefits of business students receive over $100,000 in scholarship funding

Forty-eight College of Business students were recognizedduring the college’s annual Scholarship Banquetlast October. The event honors College of Business general scholarship recipients and recognizes the donors who provide the scholarshipsupport. Student speakers Sandra Christensen andVictoria Renteria presented remarkson behalf of the students. Donors present included Jesse Baker, Russell F. Briner, Bartlett Cocke Jr., Rosemary Kowalski, Carlos Montemayor, Philip Piccione, Carly Sanchez and LindaWoodard . A three-member faculty committeejudges applications and selects recipients. For the 2004–2005 academic year, $88,945 wasawarded. The average grade point average of recipients was 3.6 on a 4.0 scale. university names business auditorium In addition to general college scholarships, for benefactor richard s. liu departmentalscholarships were also awarded in accounting and tourism management.The Departmentof Accounting awarded $ 15,850to During a dedication ceremony in May, UTSA President Ricardo Romo honored philanthropist and 21accounting students. The tourism management internationalbusinessman RichardS. Liu by dedicating the UTSA College of Business Auditorium in his programawarded $ 11,000in scholarships to 1 8of name.At the naming ceremony, Romo unveiled a replica of a bronze plaque affixed to the wall adjacent to theirmajors. Three new tourism scholarships were theauditorium entrance that reads, in part, “The Richard S. Liu Auditorium—dedicated to the vision and alsoestablished including endowed scholarships generosityof Richard S. Liu in recognition of his commitment to international education and friendship from theWestin La Cantera Resort and the San and his philanthropic support.” AntonioHotel and Lodging Association and an Liu,a native of Taiwan, began his business career in 1 972as a self-described “peddler” with no money. Now, he is annual scholarship from Omni San Antonio. theowner and CEO of Hong Kong-based Superior Holdings Limited, one of the world’s leading manufacturers ofleather goods. Liu established the Liu’s Family Foundation U.S.-China Business Education Initiative in 1 998, andhe has since contributed $3 million to the program in the College of Business. The initiative provides student andfaculty exchanges, executive education collaborations and joint programs between the UTSA College of Business and five of the top universities in Beijing and Shanghai. “RichardLiu’s support of education has opened doors to opportunity for many students in both China and the UnitedStates,” said Romo. “He is a great friend to all members of the UTSA community while demonstrating the highest levels of commitment to excellence in education and international relations.” “Iam honored to have President Romo and UTSA recognize my achievement by naming the facility after me,”said Liu, the university’s largest individual donor. “I have been thoroughly pleased with the Liu’s Family

DEVELOPMENT UPDATE DEVELOPMENT FoundationU.S.-China Business Education Initiative in the UTSA College of Business. I want to help a new generation of business students in China and the United States succeed.” Morethan 1 50invited guests, including representatives from the Consulate General of the People’s Republic ofChina, representatives from the Cultural Division of the Taipei Economic and Cultural Office and members 24 of the San Antonio Asian community participated in the festivities. “Weat the College of Business are honored to have our most prominent room named after our friend and benefactorRichard Liu,” said UTSA College of Business Dean Lynda de la Viña .“The Liu’s Family Foundation U.S.-China Business Education Initiative is our most promising international education program. Our seven-yearpartnership with Mr. Liu has raised the college’s international profile and has allowed us to become a leader in global business education.” Inaddition to his financial support, Liu has been an avid promoter of the college’s business programs throughout Asia.He has introduced the college to top executives in international banks and to Chinese government officials. “Withthe reputation of the Liu’s Fellows program, Richard’s personal promotion and our efforts, we will be able tomake UTSA a household name in major universities and business organizations throughout China,” said Don Lien, associate dean for international affairs in the College of Business. corporate donors spearhead college programming

Since1 987community leaders have contributed morethan $ 1.8million to the college’s Corporate SponsorProgram, providing support where no state fundswere available—strengthening curriculum, aiding faculty and student development and enablingthe recruitment of high caliber educators andstudents. In this new era, the college is striving tobuild its reputation on recognized strengths and capitalizeon unique comparative advantages in theareas of globalization, capital markets, security, transformationalleadership and health/technology. Wesalute past supporters of the Corporate Sponsor Programand those that are contributing now to this briscoe family establishes $500,000 strategicfund that has been renamed the Knowledge endowed chair for a NewWorld Fund. As we collectively work towardadvancing the excellence and prominence Gov.Dolph Briscoe Jr. and his family donated $500,000 to the College of Business to establish an endowed ofthe UTSA College of Business, we appreciate the chairin memory of his late wife, Janey Slaughter Briscoe .The gift was announced at the UTSA President’s participationand contributions of these community Scholarship and Award Dinner in October 2004. leaderswho have contributed over the past year to this discretionary fund. Briscoe, the 41st governor ofTexas, was honored at the dinner with the 2004Tom C. Frost Award, arecognition given annually to a citizen who has provided exceptional leadership to important business Visionary and community endeavors. Frost National Bank “JaneyBriscoe dedicated much of her life to promoting education for all Texans,” said UTSA President Ricardo Grande Communications Networks, Inc. Romo.“We are grateful to Gov. Briscoe and his family for honoring her with this investment in higher H-E-B SBC Communications, Inc. education.The Janey S. Briscoe Endowed Chair in Business will benefit students and research related to The USAA Foundation, A Charitable Trust business issues for future generations of Texans.” Janey, who died in 2000, served on the University ofTexas System Board of Regents from1 981 to 1987. Champion AUvalde native, Dolph served as the governor of Texas from 1 973to 1 979and has enjoyed a distinguished Bromley Communications career as a politician, rancher and community leader. Security Service Federal Credit Union Wells Fargo & Company, San Antonio “Thisendowed chair is a monumental step for the college as we move forward to a new phase of national recognitionfor the College of Business,” said Dean Lyndade la Viña .“We are grateful to Gov. Briscoe and his Director family for their generosity and their support of business education.” Billing Concepts, Inc. Asearch has begun this fall for a distinguished faculty member in the area of the business of health to fill this dNovus RDI position.“With health care as one of the strategic threads for the College of Business, it is crucial for us to find UPDATE DEVELOPMENT JPMorgan Chase a faculty leader to champion and further develop programs in this academic area,” said de laViña. San Antonio Federal Credit Union

Partner 25 Broadway National Bank funding underway for ias chair Dublin & Associates, Inc. GCR Management Consulting Harcourt Assessment, Inc. As one of the leading institutions in the field of infrastructure assurance and security education, MassMutual-The South Texas Agency thecollege is committed to endowing a $ 1million faculty chair in this field to attract a nationally recognized andcredentialed individual to lead the development of the academic program and conduct infrastructure assurance research. To date, $555,000 has been raised, with additional funds coming from multi-year pledges. Due to the generoussupport and leadership from SBC Communications, Inc., the college intends to name the chair in honor of SBC. To help meet this goal, please call Kimberly West at (210) 458-7307. ALUMNI NOTES

starting from scratch

by lori burling alves

our years ago, dNovus RDI was selected by Later,the two were stationed at Randolph Air Force The Kudlas now employ about 150 individuals, F the Small Business Administration as the Basein San Antonio. Although Nancy’s undergradu - includingtheir oldest son, Frank, who is a student at National Small Business Prime Contractor of atedegree from the Air Force Academy in Colorado UTSA.The company also owns a 50 percent interest theYear—making it one of the most notable Springs,Colo., was in economics and international in Core6 Solutions andTechPartner Solutions, informationtechnology companies in the nation. affairs, her military career was shifting toward LLC—tworecently formed joint ventures. Under the Butjust a decade before, the San Antonio company informationtechnology—specifically working on leadershipof the Kudlas, dNovus RDI has received wasa one-woman operation with little in the bank. computerprograms with defense contractors. With manyawards, including the National Small Business ALUMNI NOTES ALUMNI As newlyweds and recent UTSA business grads, thatpractical knowledge and her MBA from UTSA, Prime Contractor of the Year. shedecided to leave the Air Force and start her own Frank, ’85, and Nancy Kudla, MBA ’87, had a “It’s quite an honor because it represents the company.Frank also left the military, taking a job in dreamof owning their own company, and together completeorganization, everything from business banking to support Nancy’s new endeavor. 26 the two built a business that now has offices in practicesand ethics to infrastructure, [from] finan - Texas,Missouri and Washington, D.C., and gener - In 1989, Nancy launched dNovus RDI, and by cialcapacity to customer service,” Frank Kudla said. atesmore than $ 16million in revenues a year. Nancy 1994 she had landed several federal, state and Whileit took a balancing act to raise four children actsas chairman and chief executive officer, while local governmental contracts.With that stable andbuild a company, the Kudlas wouldn’t discourage Frank is the chief financial officer. foundation,Frank left the banking industry to join anyonefrom following their dreams. They would his wife in a business partnership that has lasted “We really grew it from nothing.We had very recommend“getting your feet wet” first instead of 15 years. littlemoney to put toward the business,” said Frank building from scratch, however. Kudla,who graduated with a degree in finance. “It “It’sfascinating to own your own company,” he said. “Ittakes experience, knowledge, determination, reallywas just a true, gut-it-out partnership, doing it “Iget to be involved in so many different aspects of creativityand lots of good customer service,” Frank more on drive and desire than anything else.” thebusiness—everything from the legal workings Kudlasaid. “It’s not easy. You can’t just go home and ofjoint ventures and partnerships to performing TheKudlas met and married while serving at Bolling leave your work at the door. It’s with you 24 hours the normal CFO-related functions.” AirForce Base in Washington, D.C., in the early ’80s. a day. But I wouldn’t do anything differently.” alumni reception held in d.c.

Dean Lynda de laViña hosted a reception for Washington,D.C.-area alumni, students and friends inAugust at the University Club in D.C. During the eventalumni were given an opportunity to network andreminisce about their UTSA experiences. Dean de laViña also presented her vision and goals for the college. College of Business alumni in attendance were Tammy Barker, Richard Buck, George Knox, Mark Lyons, Angelica Mendoza, Robert Mendoza, Karyn Neuhauser, Richard Obregon, Michael Panfeld and CarlToepel . UTSA alumni in attendance were Benjamin Senecal, Michael Tidwell and Michelle Vaca-Senecal. The alumni were joined by College of Business students Emmanuel Alanis, Cindy Calhoun, Margot Quijano and Marvin Smith who were in town participating in internships. Representatives from the University ofTexas System Office of Federal Relations included William Christianand Amanda Hughes. Cheryl Linthicum,an associate professor of accounting alumni snapshot whois on leave this year as a fellow for the Securities Victor Hugo Vieyra Aviles, MBA International ’02 andExchange Commission, and Kimberly West , Workingfor Mexico’s Cinepolis—the eighth largest movie theater chain in the world—as a manager for over directorof advancement, represented the College 200of their operations, Victor Vieyra has learned to be a leader in an international organization. A native of of Business. Mexico,he enrolled at UTSA through the San Antonio–Mexico Foundation for Education program to improve Thecollege plans to schedule additional regional hisbusiness acumen. Through one of his business courses with Professor Cyndi Lengnick–Hall, he learned the receptions throughout the United States in the principlesof the balanced scorecard, and he has since successfully implemented it at Cinepolis. He is manager coming year. If you are interested in hosting a of several divisions of the company nationwide and has increased revenues by 20 percent. reception in your area, please contact Kimberly Sincereceiving his MBA, he has been promoted twice and just recently received the “Manager of the Year” West at (210) 458-7307 to discuss logistics. award.“Before receiving my MBA, I was viewing the world through a peep hole,” said Vieyra. “Now, I see the world with crystal clear vision.” ALUMNI NOTES ALUMNI keep in touch! utsa college of business alumni network 27

send us updates on work, family education and accomplishments and receive college updates and event information.

visit http://business.utsa.edu/alumni or call (210) 458-4313 for more information. ANNUAL FUND

Universityalumni are given the opportunity to contribute to their alma mater each year through the UTSA Annual Fund phonathon and direct mail campaigns. These unrestrictedgifts support activities around the university, including the College of Business. We are pleased to salute the College of Business alumni who have contributed more than $33,000 this past year.

Class of ’74 Edward A. Montez Carol J. Tidd Landis B. Ford Class of ’88 J.G. Kent Evelyn Marlow Mortola David E. Veltri Justo P. Gonzalez Kathryn Wilkins Babiak James D. Olson Lewis B. Goodwin Sara Sweatt Benavides Class of ’75 Randy C. Quiroz Class of ’83 Staci Wehman Jones Robyn A. Gschwend Frank B. Bridges Lesley M. Radius John E. Allen Carolyn R. Knandel Stephen S. Hresko James W. Hinton Scott Renwick Mary R. Cervantes Renee Price Knights Sharon L. Kaminsky Rebecca Calvillo Salinas Sandra J. Davidson Lisa Heep Matthews Amy R. Lettman Class of ’76 Ronald J. Schultz Robert L. Fuentes Paul M. Neal Michael A. Martin Albert Solis Linda P. Packman Barbara L. Cordier Teresa L. Garcia Laura M. Narvaez Delma J. Soriano Wallace L. Reimold Robert O. Dunk John F. Howard Kathy A. Robertson Marcela S. Stegemueller Stella L. Reyna Robert M. Horn Richard L. Jones Elwin A. Rozyskie Dennis D. Stout Mary De Arkos Simon Demetrio R. Ruiz Wesley D. Kilmer Ernest M. Smith Ruben R. Villafranca Gordon A. Sumner David D. Starks Linda L. Lane Marjo G. Stach Richard K. Weld John R. Terry Orlynn M. Storlie Tommy W. Lee Sandra T. Welch Scott G. Wiederkehr Gino R. Levine Teresa Rowan Walters Class of ’77 Antonio D. Wilkinson Nanci Woodchick Martin Thomas B. Wesley Class of ’89 Jeremiah Williams Rodolfo R. Martinez Herbert Alloway Tammy McCoy Barker Kevin R. Youngblood Roberta Cortner Meader Class of ’86 Joseph E. Braswell Kay Classen Cittadine Sylvia Vega Montemayor John M. Carter Maria A. Garcia Dwight H. Dare Class of ’81 Michele Pace Moore Dale T. Christianson John F. Gerhart William J. de Graffenried Mark G. Bruno Terry W. Moore Marienne Baker Clements Elgin J. Keller Diana Farias DeWall Jesse Flores Donna L. Rauschuber Michael A. Gallegos Julie Scott Mielke Robert J. Dieckow Cynthia R. Garcia Donna P. Richerson Christine Jones Given Allan P. Rubado Patricia Gallagher Johnson Michael W. Helms IsabelRodriguez-Mendoza Vickie K. Hamby Cheryl Kiolbassa Michalec Class of ’78 James D. Hunter Charles D. St. John John M. Hennessy Ricky L. Mundahl James P. Larger Susan S. Swanson Jane Luke Hill Robert K. Bailey Gregory J. O’Bryan Sharon Alexander Layman John A. Walter Jesse G. Lopez Rhonda Martin Pool Jose P. Filio Caroline L. Lindow Diane Wallis Whittington Ann L. Miller Ron G. Hare Marianne Ryan Ana M. Longoria Mary F. Youngblood Clinton T. Rhea Steven L. Schipull Gary L. Hickey Louis J. Marin Michael R. Zavala Jill R. Ricketts John H. Holshouser Jesse K. Sumpter Leigh A. Perry Dianne D. Russell Michael H. Tyler Kathryn D. Schwencke Susan Sonney Ramirez Class of ’84 Michelle M.Vandenberghe Beverly Aultman Smith Judith E. Reiffert Edgar J. Aranda Tod P. Weingand Class of ’90 Kathryn McFarlingTrudeau Victor A. Rodriguez Margaret K. Barry Helen L. Zenner Robert F. Valliant Heloise Baker David E. Schmitz Robin Lindsey Bueche Linda L. Bean Kathryn Lincoln Slaughter Class of ’87 Class of ’79 Gilbert A. Casarez Susan H. Benfield Annette B. Smith Evangelina Riojas Cuellar Mary Martinez Arcos Sandra Dick Burkholder Francisco Alfaro Lynn L. Straub Lawrence W. Dawson BarbaraMonett Covarrubias Simon R. Ancira Lynnea Fraze Castillo Jose Escoto Lynda A. Dale Cynthia Adams Cohen Jack Charles Class of ’82 Charlotte L. Krimmel Katherine Paulk Dollard Gino Chincarini Jane Kustelski Daniel ALUMNI NOTES ALUMNI Patricia O. Alvarez Laura Lee Dean D. Ellis James L. Dorman Robert E. Green Ruben T. Arias Loretta Solis Marshall Robert Galindo Phyllis Hahn Rusk Charles R. Gibbs Gloria C. Arriaga Davis B. Parker James L. Hardee Marla L. Greene Frank B. Terrazas Belinda Gonzales Barrera- Karen Ward Rathbun Ralph H. Hernandez Robert J. Torres Jacqueline L. Hues McDaniel Rosann Lystad Rodriguez Darlene Kneifel Hicks Lester A. Keith 28 Kenneth C. Ward Randall L. Booth Wanda Vasquez Rohne John R. Hungerford Mary E. Wright Valerie Pons Kelley Elizabeth Pearce Campbell Maria E. Salvatierra Richard R. Mendez Christopher S. Kunz Drew H. Clarke Kimberly Davis Scheffler Edward C. Monaco Class of ’80 Claudia S. Kurek Iris V. Foster SheilaHolamon Schonerstedt Joseph P. Perez Kyle B. Landers Gregory A. Bishop Oscar L. Garza Albert Y. Solis Maria Zuniga Post Jorge Medrano Adonis G. Castillo Charles E. Groom Donald R. Wagoner David B. Rathmann Leigh S. Olejer SandraBrinkmeyer Chandler Sally H. Hurd Helene B. Williams Marie R. Reitzer Gloria Juenke Onesty Mary L. Chapman Michael R. Jensen Bonita Miller Richardson David A. Ramirez Anita Bumpass Formby Douglass C. Keen Class of ’85 Sharon S. Sagray Marisa Shick Scott Manuela L. Gutierrez Terence J. Lee Patricia Reed Albrecht Edna Watson Smith Lisa M. Shead Donald E. Halverson Marion T. Lee-Guderjan Shannon Byrne Burns Jeffery W. Sprouse Donald W. Steitle Paul M. Jacob Veronicka Herring Maguire Kay Van Meter Cohen Robert W. Van Buren Hortencia C. Tocci Catherine M. Lasota Robert C. Rosales Melinda Day-Harper Gregory M. Williams Carol Haley Van Curen Elaine Meister Lockwood Lucy Juarez Saez Michael M. Dupont John H. Lucas Laura Mata Shirley-Brown Class of ’91 Class of ’94 Cheryl D. Rice Mark A. Garcia Ismael H. Rodriguez Mary E. Briseno Gary E. Ball Alexander G. Rodriguez Franklin D. Haegelin Rene J. San Miguel Alida L. Canion Eddie R. Canlas John A. Royer Michele P. Holz Claudia Sandoval Mike G. Carter Deborah Jones Cope Stephanie A. Torres Debra F. Huey Jared M. Strohl Michelle De la Rosa Crane MonicaMassengale Crowley Monica De La Cruz Uribe Stuart J. Jaksik Aracelia A. Velez John E. Fritz Juan A. De Hoyos Henry A. Vela Raul Jaramillo James L. Waterbury Janelle Barr Gardiner Elsa Diana M. Dovalina Santos H. Villarreal Sergio A. Lezama Paul A. Wildeman Julie Salmon Hinojosa Sonja L. Feldman Todd M. Wyatt Mark D. Lieberman Mark C. Wilkins Susan P. Hough Marianne E. Fiorenza KandeeValdez Moczygemba Cecilia DeHart Jenkins Kristina Kleibrink Fransella Class of ’98 Kaye Malone Mosley Class of ’03 Sue A. Jordan Adolfo J. Garcia Billy R. Arnette Enrique J. Pizana Sana G. Amanullah Patrick M. Klar Alan C. Hanna Charissa E. Barnes-Venzor Steven E. Priesand Ellen Bassuk Birsen Ergun McEntire Heather M. Hurlbert Stephen J. Boudreaux Patrick G. Regan Barshop-Ollervidez Louis Moussali Patricia E. Kerry Judy Juarez Crockett Christine D. Reyna Diana A. Brown-Sims Raul R. Ramirez Margaret G. Leal-Barrientos Cindy H. Daugherty Christopher J. Rosas Edward L. Buys Dorothy L. Samas David A. Rakowitz John W. Dillard Cynthia R. Rouse James T. Capps Ronald B. Sweet Martin Salinas Timothy L. Dunlap Ruth E. Thomson Javier G. Compean Paula R. Vernick Roland Sistos Albert G. Fernandez Joyce A. Wilson California J. Courtney DeannaDomingue Watson Sridhar S. Vemparala Matthew N. Fisher Denise M. Wright Valerie Resnick Duncan Melanie J. Wells Pamela D. Verschoyle Veronica A. Gonzales Daniel O. Farias Mary Fortney Williamson Sharon A. Helsel Class of ’01 Jessica Marquez Gamez Timothy J. Woollen Class of ’95 Kristin L. Koenig Atem D. Ayuk-Obi Brian N. Hill Robert M. Benavides Hector G. Lopez Lisa E. Beath Brandi M. Hoover Class of ’92 Michael L. Calloway Richard J. Medina Sonia M. Campa William H. Joiner Jennifer Buffo Alcoser Derek A. Charette MichelleLivingstone Merck Micky G. Candia Kim C. Le Karen C. Collins-Lashley Edna M. Coronado-Garza Debra Nina Moore Shirlinda A. Casey Hobson E. Le Blanc James A. Deaven Rosa Rodriguez Cruz Christine F. Polonsky Ruby J. Childs Guy S. McElhaney Patrick L. Deviney Susan Icke Filyk Annie B. Raven Ronald E. Dickson Christopher J. Mendoza Elizabeth Zezula Kelly Amada Guerra Ninette I. Roberson Christopher M. Filoteo Frances C. Miller Eric I. Kronenthal Dora H. Guzman John D. Shicora Mayela Salinas Flores Amy L. O Darren S. Kuper William M. Hampton Howard M. Snarr JacquelineHutchison Foster Kenneth W. Payton Kathleen Sneed McCall Richard A. Heath Cynthia D. Sowders Alex F. Garza Thomas M. Peralta Richard C. McSwain Nicole Salvadore Hensley Michael R. Stallings Debra S. Hackerson Mandy J. Ramirez James A. Pape Darryl P. Johnson John Tollenaere Joe P. Herrera Luis A. Ramos Kenneth D. Price Katarzyna Karelus Melissa F. Villarreal Michael A. Horsley Joel Rincones Benjamin Salinas Bret A. Love John R. Wandrisco Kendra M. Hotchkin Mike R. Rivera Nancy Tamez Sanchez Jodel Smith Nix Don D. Howe Teresa A. Souther Hector Silva Matthew L. Theiss Class of ’99 Angela Burnes Johnson Stefanie E. Tope RosemarySullivan-Villasana Stephen J. Toth Anne Meyer Beasley Kevin J. Kelly Jaime L. Wagner Yvonne E. Vela-Jimenez Andrew Vaz Maureen A. Bolton Erwin A. Mazariegos Linda S. Whitesell Ellen L. Weissmann Delbert H. Buchanan Ralph M. Mendez Adam J. Zuniga Susan G. Wintle Class of ’96 Carrie M. Burton-Logan Troy D. Mitchell Class of ’04 Katherine Riley Cade Arturo Cavazos Jill R. Pierce Class of ’93 Jose V. Castillo Clint S. Clouse James E. Rader Matthew W. Berry ChristopherA. Benningfield Tamleigh A. Chase Tyrus M. Dorman David A. Ray Mark R. Caraveo Sixto R. Casas Mark A. Gentry Russell E. Fairbanks Stella M. Reyes Elizabeth A. Espinoza Douglas A. Curtis Jerry Z. Guevara William A. Friend April E. Slater Luis E. Garcia Debra Solis Grant Herbon Antonio L. Guerra Dominic A. Vazquez Benca M. Hronas Goldstein Carlson Julian M. Isaac Jarrad L. Hinojosa John B. Wolters Elizabeth Boles Hurst

Greg A. Hall Laura A. Longoria Nancy E. Kent Diana Llanio NOTES ALUMNI Class of ’02 Marilynn P. Hartman Rosanne Gill Oliver Jerry S. Lollar David D. Markelz Carlos Hernandez Dina M. Riley Susana L. Lozano Jennifer Barrera Melissa A. Munguia Anthony M. Juarbe Debbie I. Seifert Rosario D. Martínez Claudia Molina Berdegue Robin K. Russell Robert L. Masten Ronald D. Mendoza Stephen L. Bohara Gloria C. Sanchez Geraldine S. Smith 29 Kevin R. Mattson Antoine R. Wazir Timothy K. Nollstadt Linda K. Bookout Yordana L. Sierra Alexander J. McLeod Keith J. Peace Carla A. Brassfield John J. Tristan Nancy Tuttle Meza Class of ’97 Shea Ortiz Rivera Michael E. Capps John M. Walker Ariane Zamot Mary A. Morris-Schott Loretta A. Beard Anita S. Sitz-Castillo Brenda M. Chapa Genie Muniz-Dunn Mindy R. Bhutani-Mann Patrick G. Styron Allison P. Dawson Dennis E. Nobles Cynthia M. Buesgens Timothy J. Turner Le Keisha N. Devine Domingo C. Ramos Karen E. Campbell Veronica SalazarWilliams Gina L. Dunn Antonio V. Rosales Graye Holder Irasema Espinosa Class of ’00 Bob J. Sawyer Vanessa Bute Huffman Juanita M. Guerrero Dan J. Schlapkohl Candice D. Kuwamura Monica A. Andreason Stephanie Bodiford Jagge Kay L. Shedrock-Dyal Bryan A. Le Vrier Fernando Badillo Masahiko Kamata William A. Lopez Hector D. Cavazos Scott W. Milner Debra S. Moczygemba Wendy M. Chalfant Mark J. Moore Michael B. Portis Paul J. Couch Regina L. Peaches Joseph V. Fertitta Krystal Garcia Rathbun ADVISORY COUNCIL

Executive Committee James R. Dublin Richard Liu Chairman and CEO, Dublin & Associates Chairman, Superior Holdings Limited Charles E. Amato Chairman, Southwest Business Corporation R. Rene Escobedo, BBA ’84 Michael Madigan Attorney, Law Offices of Rene Escobedo Managing Director, Merrill Lynch SouthTexas Ernest Bromley, MBA ’80 Chairman and CEO, Bromley Communications Susan K. Evers, MBA ’80 William E. Morrow, BBA ’86 Senior Vice President and Senior Founder, Grande and Broadband Energy Patrick B. Frost Financial Officer, USAA President, Frost National Bank Aurora Ortega-Geis Jeffrey H. Farver Director, San Antonio Partnership James S. Kahan, Chair President and CEO, Office of Fannie Mae Senior Executive Vice President Corporate San Antonio Federal Credit Union Development, SBC Communications, Inc. Rolando B. Pablos Jeannie Frieden, EMBA ’00 Legal Counsel, R.B. Pablos, P.C. Attorneys Joe C. McKinney Vice President for External Affairs, Vice Chairman of the Board, Cancer Therapy & Research Center Jack M. Partain Jr. Broadway National Bank Partner, Fulbright & Jaworski L.L.P. Javier Ruiz Galindo Suzanne Wade Vice President for New Business, Philip Pfeiffer President-SA Food Drug Retail Division, TvPromo International Managing Partner, Fulbright & Jaworski, L.L.P. H-E-B Grocery Company Cheryl Garcia, BBA ’85 EMBA ’99 Donald R. Philbin Jr., EMBA ’01 Jeanie Wyatt, MBA ’86 Project Manager/Principal Consultant, Presidentand General Counsel, Billing Concepts Chief Executive Officer, U.S. Bank Power Track South Texas Money Management, LTD. David E. Reynolds David Garza President/CEO, Members CEO and President,Trinity Millennium Group Security Service Federal Credit Union James Allen Leo Gomez Sylvia S. Romo, BBA ’76 President, J. Allen Family Partners VicePresident of Public Relations and Corporate Assessor-Collector of Taxes, Administration, San Antonio Spurs Bexar County Tax Office Ernesto Ancira President and CEO, Ancira Enterprises Dan Hair Marcelo P. Sanchez Director of Public Relations, AHMSA Intl., Inc. Charles E. Bagby, MBA ’87 Richard Holt, MBA ’83 President, GCR Management Consulting Senior Vice President, Bank of America Dayton Schrader, BBA ’93 Broker/Owner, RE/MAX Advantage Jesse Baker James C. Hu Builder and Developer President and Owner, Rodeway Inns Dr. G.P. Singh President and CEO, KartaTechnologies, Inc. Jim Bodenstedt, BBA ’96 Brian G.R. Hughes Chief Operating Officer/Chief Financial Officer, Offices of Brian Hughes Daniel M. Slattery, MPA ’86 MUY Brands, LLC Cindy Jorgensen, EMBA ’00 Joe Solis, BBA ’93 Jerry Bonham Chief Financial Officer, President, Luxor Insurance Services Director of Internal Audit, Zachry, Inc. Southwest Business Corporation David A. Spencer Jerry Boyd John T. Keene Jr. President, Mandelbrot Ventures

ADVISORY COUNCIL ADVISORY Vice President, JPMorgan Chase Senior Investment Management Specialist, Smith Barney, Inc. Charles T. Bridgman Senior Vice President, JPMorgan Chase Nancy Kudla, MBA ’87 Chairman and CEO, dNovus RDI 30 Mary E. Briseño, MBA ’91 Consultant, Briseño & Associates Juan A. Landa President,Matterhorn Capital Management, LLC Patrick Clynes, BBA ’89 Transportation Manager, BP Energy George T. LeBrun President and CEO, Lightstorm Media, LLC Luis de la Garza Vice President of Administration, Byron L. LeFlore Toyota Motor Manufacturing Texas Chairmanof the Board, Jefferson Bancshares, Inc. Walter D. Downing , MBA ’86 Joe Earl Linson Executive Vice President of Operations, Chelsea’s Sandwiches of TX., Inc. Southwest Research Institute VISION

the college of business is dedicated to creating VISION and sharing knowledge that enhances the translation of theory to practice. the college combines rigor 31 with relevance and provides innovative solutions to global business challenges. SPONSORSHIP

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“san antonio wall” by jun kaneko created in 1996, “san antonio wall” is located outside the richard s. liu auditorium in the business building. the multicolored ceramic tiles were hand-produced and glazed by the artist and form a 7½-foot-tall by 42-foot-wide wall bathed in hues of pink, blue, purple and orange. kaneko was born in nagoya, japan, but currently lives in omaha, nebraska. his work is in collections throughout the world.