UT’s Center for Business and Economic Research in News

The Daily News Journal highlighted a recent UT report that shows the state’s economy is growing. More than 7,000 new businesses were formed in Tennessee during the final quarter of last year, according to a new economic report by the Tennessee Secretary of State. The report was produced by the Center for Business and Economic Research. Read the full report here.

Posted in 2015, News

Haslam student, Jalen Blue, appointed UT student trustee

Jalen-BlueHaslam College of Business student Jalen Blue has been appointed by Gov. Bill Haslam as the new student representative to the University of Tennessee Board of Trustees. He attended his first meeting in Memphis on Feb. 25-26.

The student trustee position rotates between the university’s undergraduate campuses in Knoxville, Chattanooga and Martin, and the Health Science Center in Memphis. Gov. Haslam selected Blue from a list of three recommendations he received from UT student leaders after his predecessor, R.J. Duncan, resigned from the position.

Blue is a junior majoring in public administration with a concentration in economics.

Student and faculty representatives to the Board of Trustees are traditionally non-voting members for the first year of their appointment, but Blue will be eligible to vote at the next board meeting in June since he is assuming Duncan’s term.

Posted in 2015 | Tagged , ,

Securities and Exchange Commission cites UT professors on stock offerings, labor unions

GettyImages_155235616The Securities and Exchange Commission recently referenced two research papers by University of Tennessee, Knoxville, Haslam College of Business professor Tracie Woidtke, David E. Sharp/Home Federal Bank of Tennessee Professor in Banking and Finance. One of the papers was co-authored by Sarah Clinton of Haslam’s Department of Accounting and Information Management.

The paper by Clinton and Woidtke assuages fears about the ability of large companies to offer new shares of stock at will. In 2005, the SEC eased regulations on new stock offerings for the largest public corporations in the United States. The intention was to cut delays for well-known issuers, giving them timely access to capital and enabling transparency for investors on the company’s plans for the future. Critics argued that loosening restrictions would allow corporations to paint an unrealistically rosy picture of business, while potentially selling stocks at an inflated price.

Clinton and Woidtke, in collaboration with co-author Joshua T. White (University of Georgia), examined the actual effect of the more lenient rule on the market, concluding that it helps issuers and investors alike. “Disclosure about expansions provides more information about the firm’s future prospects to help investors assess the value of the stock and help firms raise money at a fair price,” says Woidtke. The study found no evidence of over-valuation as a result of the change.

SEC commissioner Michael Piwowar cited the report when questioned regarding why the SEC did not retract the privilege from companies who violate SEC regulations. The SEC further relied on Woidtke and Clinton’s findings when examining the implications of lowering the minimum total value of a company’s stock required to qualify for the full benefits of the reform.

Woidtke also was invited to speak to the SEC and George Washington University regarding her report on the perception of public and labor union pension funds’ behavior as shareholders. A proposed regulatory change might give these groups more power to influence company management, and opponents claim both camps are motivated by political interests rather than wealth aggregation for shareholders.

Woidtke and co-author Diane Del Guercio, of the University of Oregon, found a large difference between the public and labor union fund activism. According to their research, stock returns are significantly greater when companies are expected to implement public pension fund proposals—a sign of shareholder approval. The reverse is true in anticipation of corporations adopting measures advocated by labor union pension activists, indicating these policies are a cause for concern to shareholders.

Directors seem to be wary of and guard against the labor union pension lobby, however. The study shows directors only tend to cater to special interest activists when the cost of ignoring such groups is high, i.e. when employee relations are used in bargaining.

To read Clinton, Woidtke and White’s full paper discussing new stock offering regulations, please click here.

To read Woidtke and Guercio’s full report on public and labor union activism, please click here.

Posted in 2014

Haslam students take third place in Deloitte Supply Chain Challenge

Haslam MBA students recently placed third in the second annual Deloitte Supply Chain Challenge. Dean Steve Mangum (L) was on hand to congratulate (L to R)  Matthew Armstrong, Priyanka Singh, Catey Hunter and Graham Gilley. Trent Thurman, executive director of graduate programs, and Bruce Behn, associate dean for graduate and executive education, also were on hand to congratulate all the winners.

Haslam MBA students recently placed third in the second annual Deloitte Supply Chain Challenge. Dean Steve Mangum (L) was on hand to congratulate (L to R) Matthew Armstrong, Priyanka Singh, Catey Hunter and Graham Gilley. Trent Thurman, executive director of graduate programs, and Bruce Behn, associate dean for graduate and executive education, also were on hand to congratulate all the winners.

Students from the University of Tennessee’s Haslam College of Business recently placed third in the second annual Deloitte Supply Chain Challenge, an event testing the business skills of MBA students. Georgia Institute of Technology’s team took home top honors, while Pennsylvania State University placed second.

Teams of four students from eight of the nation’s top supply chain MBA programs met in Knoxville at the Haslam Business Building to compete in the case competition on Feb. 19-20.

Deloitte’s top executives judged teams from Carnegie Mellon University, Penn State, Rutgers University, Michigan State University, Arizona State University, Brigham Young University and the Georgia Tech.

Each team was presented with a mock company facing several challenges at noon on Thursday. Throughout the afternoon and evening additional issues were introduced. The teams developed a strategy to address the issues and maximize company profitability by their Friday morning deadline. They presented their findings to the judges, and Deloitte executives determined the strongest action plans.

Students who participated benefitted not only from applying their education to real-world scenarios, but also from questioning professionals currently working in the field. They learned from each team’s approach to the case and made decisions in real time.

Following the award ceremony, faculty from each school, along with Deloitte partners, held a roundtable to discuss trends in MBA curriculum.

Contact: Tanya Brown, (865) 974-1570, tgbrown@utk.edu

Posted in 2014

Chef Tim Love Receives UT Accomplished Alumnus Award

KNOXVILLE—Chef and restaurant owner Tim Love, a 1994 graduate of the Haslam College of Business, returned to campus on Wednesday, Feb. 11, to talk with students about entrepreneurship and to receive an Accomplished Alumnus Award.

Love’s career as a chef began at the Kiva Grill in Knoxville while he was attending the University of Tennessee, Knoxville. A self-taught chef, he worked his way up to running the kitchen. After stops at the Knoxville Radisson (now the Crowne Plaza), and the Uptown Bistro in Frisco, Colorado, he moved to Texas.

Love opened his flagship restaurant, Lonesome Dove Western Bistro, in Fort Worth’s historic Stockyards district in 2000. He extended his presence in the Stockyards when he bought the legendary White Elephant Saloon in 2002 and then again in 2007 with his classic burger joint, Love Shack. Tim’s culinary empire expanded in 2012 with the opening of the Woodshed Smokehouse, which was named one of Bon Appétit’s “50 Best New Restaurants” in 2012. He returned to his hometown of Denton, Texas, in 2013 to open Queenie’s Steakhouse.

A defacto ambassador of Texas, Love is known as much for his freewheeling personality as for his signature urban western cuisine and quick business sense. He is a national spokesperson for Hellmann’s Mayonnaise and Thomas’ English Muffins and serves as host of CNBC’s Restaurant Startup. He has been a featured culinary talent on Top Chef: The Cruise and appeared on NBC’s TODAY show and Good Morning America. Love also has been featured in the New York Times, Food & Wine, Bon Appétit, the Wall Street Journal and Men’s Health.

Stephen L. Mangum, dean and Stokely Foundation Leadership Chair of the Haslam College of Business, presented Love with the Accomplished Alumnus Award prior to the chef addressing students in the Introduction to Entrepreneurship class. While at UT, Love also spoke to a second class, visited with Boyd Venture Fund recipients, and spoke to the Collegiate Entrepreneurship Organization, a student club.

The Accomplished Alumni program recognizes notable alumni for their success and distinction within their field. A variety of outstanding alumni have been featured through this program including CEOs of major corporations, Olympians, authors, artists, musicians, United States Ambassadors and civic leaders.

 

C O N T A C T:
Brooks Clark (865-974-5471, nclark5@utk.edu)

Posted in 2014

Haslam Launches Summer Online Courses

Beginning in the summer of 2015, the University of Tennessee, Knoxville’s Haslam College of Business will offer undergraduate students a selection of online courses. The Business Online Summer Session (BOSS) is intended to give business minors and other students for whom the classes are essential, an opportunity to pursue course work remotely.

BOSS offers students an asynchronous learning experience, meaning they can take class as it suits their schedule rather than at a prescribed time. Prerecorded lectures will be available online, and students will have several opportunities for online group discussions each week.

According to Mark Collins, director of technology-enhanced undergraduate programs at the Haslam College of Business, the courses help students progress toward a degree regardless of their geography. “These courses give our students the flexibility to go on study abroad trips, work onsite at internships or simply get home for the summer and still make progress with their coursework,” says Collins. “With BOSS, they can do all this while experiencing the same rigorous and high quality courses that the Haslam College of Business has always offered.” Collins also points out that the program was created to help students graduate on time. Classes count towards degree requirements.

This year’s class offerings are Management 201, Economics 201 and Statistics 201. Depending on the success of the program, Collins hopes to add three additional classes in 2016, with more in years to come, including classes necessary to the business major.

All BOSS classes are a full summer session. Registration begins Feb. 26.

For more information on the BOSS, please visit http://undergrad.bus.utk.edu/boss.

CONTACT: Katie Bahr, Haslam College of Business, writer/publicist, 865-974-3589, katiebahr@utk.edu

Posted in 2014

Branch joins Office of Diversity

Janice-Branch-200pxWideJanice Branch has been named coordinator of diversity initiatives in the Office of Diversity and Community Relations at the Haslam College of Business. She will be responsible for coordinating all of the undergraduate recruitment, pre-college (BETS Program, AIM Academy and the Early College Awareness Program) and retention/advising initiatives for the office. 

Branch comes to the University of Tennessee, Knoxville, from Wake Forest University, where she served as the event manager for the School of Business. She provided strategy and leadership the development of comprehensive plans for event management that supported holistic student development for six graduate business programs.

During her tenure at Wake Forest, Branch became a certified internal diversity trainer, conducting workshops for faculty, staff and students on the importance of inclusion, empathy and self-awareness. Her background also includes intercultural communications training and student advising.

She earned her bachelor’s degree in psychology from the College of William and Mary in 2008 and a master’s degree in management from Wake Forest School of Business.

Posted in 2015 | Tagged ,