Tag: Research Centers

According to a report compiled by graduate students at the Boeing Center for Technology, Information & Management (BCTIM) at Olin, cyber security poses complicated threats for companies in the metals industry. The report was commissioned by the Metals Service Center Institute (MSCI).

The BCTIM report contains research on cyber security threats specifically related to the metals industry and provides recommendations for executives concerned or dealing with cyber security.

Read the news release from the Metals Service Center Institute here.

New research reveals the dynamics that influence how bank capital structure affects credit monitoring. The study titled, “Who Monitors the Monitor: Bank Capital Structure and Borrower Monitoring,” details how researchers measure the effects of a bank’s capital structure on its credit monitoring, and delivers new evidence explaining how government safety nets that enhance banking protections affect bank capital structure, and, in turn, influence bank monitoring and risk-taking behavior.

The research co-authors are Olin’s Anjan Thakor, and Sudarshan Jayaraman, associate professor of accounting at Simon Business School at the University of Rochester .

The research highlights four main findings:
* Banks take on less equity and more debt when creditor rights increase and the reverse when creditor rights decrease.
* This indicates that bank equity appears to provide stronger monitoring incentives to banks and that they need less of this mechanism when there is a lower need for monitoring.
* These effects are not driven by the supply side (i.e., bank creditors are more willing to lend to the bank when creditor rights increase).
* The increase in bank leverage increases the bank’s risk-taking appetite, especially when government guarantees are in place.

The co-authors studied legal reforms in 14 countries across Europe and Asia during the 1990s and early 2000s.

The researchers conclude that stronger creditor rights tend to increase the bank’s cost of debt, particularly when governments offer a strong guarantee to banks. These results indicate that stronger banking rights needs are not always better and that legal remedies that strengthen banking rights can bring about unintended consequences as banks incur higher debt and assume greater risks.

Read the complete news release from Simon Business School.

Related research from Anjan Thakor.

Image: Flickr Creative Commons: MNB: ninety odd years of banking 1825-1916, Claire T. Carney Library, University of Massachusetts Dartmouth

Every year, more than a thousand people volunteer their time to enhance the Olin experience and support students by helping them develop into the best employees. We call these important volunteers, “Friends of Olin.” They are formal and informal mentors, case competition judges, practicum sponsors, speakers, employers hiring fresh talent and much more. They provide meaningful real world experiences for our Olin students.

Dean Mahendra Gupta and Olin invited these wonderful people on May 28 to the Atrium of Knight Hall for a reception to say, “thank you.” More than 100 attended.

Alex Goldberg (BSBA 2016)

After Dean Gupta’s welcome, there were three speakers.

Alex Goldberg, BSBA 2016, spoke about the opportunities presented to him through many memorable examples, some included student group speakers, company visits, and formal mentoring programs.

Michelle Duguid, Assistant Professor of Organizational Behavior, Olin Business School

Professor Michelle Duguid spoke of the inaugural Women in Leadership class she led as well as other projects, speakers and faculty research partners.

Rodney Kinzinger, Managing Partner, Deloitte

Rodney Kinzinger, Managing Partner at Deloitte, spoke on behalf of corporate partners who engage with Olin on a regular basis. “Any one of you could be up here,” he commented, looking around the room.

Around the room were screens displaying quotes from students and pictures of events and visits from various corporate friends throughout the year. See those slides here.

Below are some pictures from the event:

Kim Shaw Elliott (EMBA 96) and Anne Elliott (PMBA) with Mike Ferman (BSBA 68)

Michelle Brady (EMBA 08) and John Bacilek (EMBA 08) with Alex Goldberg (BSBA). In the back are Dean Meyer (EMBA) and Steve Degnan (EMBA 08).

Tim Mickelson and Nick Bhambri (EMBA 07).

Kurt Dirks, Christopher Gaskin and Michelle Duguid

Jim Klingler, Marvin Anderson and Jacob Siewert (BSBA 13)

Olin friends, students, faculty and staff had a great time reconnecting and networking.

Steve Degnan (EMBA 08), Dean Mahendra Gupta, John Bacilek, and Gil Bickel (BSBA 66)

Nick Bhambri (EMBA 07), Bob Balk (BSBA 67) and Associate Dean Steve Malter

Ken Hunt (BSBA 51)

Dick Mahoney, Sean Arp, and Dan Feder look on with the crowd as the speakers present.

The Friends of Olin Reception 2015 was a great success. We thank all of you who have participated with Olin in broadening the education of our students and helping our faculty with their research.

Anjan Thakor sends a warning to the banking industry in an article published on the website, The Conversation.  

Prof. Thakor draws on his research into the conditions and causes of the last two major financial crises to suggest that we may be heading in the same direction, again.

His research reveals that the longer a lending boom lasts, the more trouble it foreshadows. Thakor’s latest research paper, “Lending Booms, Smart Bankers and Financial Crises,” will be published in the American Economic Review 2015.

Read Thakor’s article on The Conversation here. The site is “a pilot project [launched] in October 2014. It is an independent source of news and views from the academic and research community, delivered direct to the public.”

When Wells Fargo Advisors (WFA) generously made a gift to endow and name Olin’s WFA Center for Finance and Accounting Research, it opened up opportunities for faculty, students, and the community to discover and learn. At a recent celebration of the WFA and Washington University partnership, professors and students shared research and projects that are direct beneficiaries of the WFA endowment.

WFA Chief Risk Officer Jimmie Lenz.

WFA’s Chief Risk Officer Jimmie Lenz spoke about the impact practicums have had on the Masters of Finance Students.

Matthew Ringgenberg, assistant professor of finance, spoke about the importance of research in understanding global markets and stock exchanges.

Watch this video about his most recent work done in conjunction with Olin professor Guofu Zhou and David Rapach at St. Louis University, “Short Interest and Aggregate Stock Returns.”

To learn more about WFA CFAR, please visit our website.

In 2012, Wells Fargo Advisors (WFA) made a transformative gift of $5.35 million to Washington University, the largest philanthropic gift to a single institution in the company’s history.  Two Olin Business School programs have been recipients of that financial support.  They were recently featured on March 3, 2015 when the leadership and alumni from Wells Fargo Advisors were on campus to join faculty, students and staff for a celebration of that gift half-way through provision of the funds.

Chancellor Wrighton and WFA’s Mary Mack toast partnership.

A TED talk-styled event with the theme of  “#Innovate #Transform #Accelerate… Investing in People, Businesses & Communities,” was co-hosted by Mary Mack, CEO, WFA  and Chancellor Mark Wrighton. Vanessa Cooksey, WFA SVP Community Relations was the mistress of ceremonies throughout the event. The program featured stories of how Wells Fargo Advisors’ support is making a substantial impact across the Washington University community and beyond.  Speakers/storytellers are listed here.

On behalf of the Wells Fargo Advisors Center for Finance & Accounting Research:

• Jimmie Lenz, WFA SVP & Chief Risk & Credit Officer, WFA CFAR Board member & Olin DBA Candidate
• Matt Ringgenberg, Olin Assistant Professor of Finance

On behalf of the Skandalaris Center for Interdisciplinary Innovation & Entrepreneurship Summer Internship Program:

• Emre Toker, Managing Director of the Skandalaris Center for Entrepreneurial Studies
• Michael Orlando, Entrepreneur & Founder, Lumate & CEO
• Kumal Koppula, Olin BSBA student & Lumate Intern

On behalf of the Financial Capability & Asset Building Program (FCAP) Brown School of Social Work:

• Mike Rochelle, Project Director, FCAP
• Kim Downing, Elizabeth State University
• Diana Cardenasa, Student from California State University

On behalf of the Olin United Way Board Fellows Program:

• Al Kent, Adjunct Professor of Accounting & Director Olin United Way Board Fellows Program
• Rhonda Gray, Executive Director, Almost Home
• Lilly Leyh-Pierce , Olin MBA  & Almost Home Olin United Way Board Fellow

Preceding a celebratory group toast and balloon drop with over 200 in attendance, Mary Mack’s closing remarks expressed how much she appreciated all she had learned throughout the event and asked that we all get together more frequently to share stories about the progress of the partnership.

Images: Joe Angeles, WUSTL Photo Services