Faculty Research at Bloch
The Bloch School is home to nationally recognized experts on the cutting edge of business and community issues. Bloch faculty are in demand to advise and consult with leading corporations, governmental agencies and nonprofit organizations across the nation and around the world. Our faculty scholars publish extensively in top journals and several have written nationally renowned books.
CURRENT RESEARCH:
A Time to Make Your Life Better: Making the Best of Bad Times
By Randy Gardner, JD, LLM, MBA, CPA, CFP®, Professor of Tax and Financial Planning, Director of, Certificate in Financial Planning Program, Henry W. Bloch School of Business and Public Administration
Sometimes things do not turn out as we expected. At the start of 2008, analysts expected the stock market to soar to new highs, real estate values to increase slightly, and economic growth to remain steady. Many in our society now find themselves jobless, owning investment portfolios that are worth 40 percent less than at the beginning of the year, unable to sell their homes, working for employers who are exploring ways to cut costs including salary cutbacks, and with shaken confidence in politicians and advisers. I advise my clients that difficult times are a time to reflect and adapt. Reflect on habits that brought you to this point in your life. FULL STORY
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Does a sponsorship naming a sporting event provide real value to shareholders?
Stephen Pruitt, PhD, Arvin Gottlieb/Missouri Endowed Chair of Business Economics and Finance, has co-authored, with Associate Professor of Finance John Clark, a new paper, "The Impact of Title Event Sponsorships on Shareholder Wealth" to be published in the journal Marketing Letters (publication forthcoming). The paper asks the question, "Does a sports title sponsorship (for example, the "Nokia Sugar Bowl") generate positive value for corporate shareholders?"
The results show that the answer to this question depends critically upon several factors, such as the sport sponsored (PGA and LPGA golf tournaments, NCAA bowl games, NASCAR races, etc.) and the type of company doing the sponsorship (high technology company versus more established firms) and, especially, the nature of the link between the sponsored event and the sponsoring company (sponsorships viewed as closely-tied to the sponsored sport yielded much higher rates of return than unrelated events).
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Experience vs. Novice: How Do Entrepreneurs Think?
Michael Song, Charles N. Kimball, MRI/Missouri Endowed Chair in Management of Technology and Innovation, has co-authored a new paper, “Marketing Under Uncertainty: a Knock on the Door,” to be published in the Journal of Marketing. The paper asks the question “do experienced entrepreneurs think the same way as novices in approaching new business opportunities?”
The results show that novices tend to see the world as more logical and predictable. They put more faith in market research, and are more likely to use a low-price strategy to gain market share. Experienced entrepreneurs see the world as less predictable and have less faith in market research and cost-benefit analysis.
Instead, they rely more on an “effectual” strategy in which they use the resources at hand to try things, expecting to learn and adapt as they go along. They put more emphasis on partnerships and are more likely to enter the market with a high-price strategy to profit from early-adopters. They are also more imaginative, generating a broader range of new product/market possibilities.
To view the entire paper, click here.
Other research...
Faculty Focus Newsletter, Spring 2007
