Faculty & Research
Research by Alex McKelvie, associate professor of entrepreneurship at the Whitman School of Management at Syracuse University, has been accepted for publication by the Journal of Business Venturing. The paper, titled “MAKING SENSE OF ENTREPRENEURIAL EXIT STRATEGIES: A TYPOLOGY AND TEST,” identifies three high-order exist strategies and identifies different predictors of each of these strategies. Co-authors are Dawn DeTienne (Colorado State University) and Gaylen Chandler (Wichita State University).
According to the authors, entrepreneurial exit is a major event in the development of a venture, but there is little understanding of the factors that drive the development of the founder’s exit strategy. Exit strategies are often developed at a stage when many of the important imprinting and future orientations of the firm are formed, and therefore they influence future decisions and behaviors by the firm. The authors map exit strategies identified in the literature (IPO, acquisition, independent sale, employee buyout, etc.) to three higher-order strategies: financial harvest, stewardship, and voluntary cessation. Based on a sample of 189 founders in the plastic products and pre-packaged software industries they find that each of these three exist strategies has different predictors. For example, founders with a voluntary cessation strategy have less innovative opportunities, fewer employees, and are less likely to utilize a causation-based decision making process. In contrast, those with financial harvest strategies have highly innovative opportunities and employ causation-based decision-making processes. Their work, the authors contend, is the first to provide a systematic analysis of the factors that will predict the type of exit strategies different founders will pursue.
Kris Byron, associate professor and chair of the Department of Management at the Martin J. Whitman School of Management at Syracuse University, has accepted an invitation to serve as an associate editor with the prestigious Academy of Management Review (AMR). Byron’s three-year appointment with AMR, ranked among the top three most influential and frequently cited management and business journals, will begin July 1, 2014.
AMR is a theory development journal that publishes the highest quality conceptual work being done in the field. Articles challenge conventional wisdom concerning all aspects of organizations and their role in society and provide new theoretical insights.
Byron is a highly respected teacher and researcher. She has been published in the Academy of Management Review, Journal of Applied Psychology, Psychological Bulletin, Journal of Management, and the Journal of Organizational Behavior, among others. National and local media, such as The New York Times, ABC News, Time.com and the Syracuse Post-Standard, often turn to her for her expertise. Her research primarily focuses on emotion in the workplace, employee creativity, women in leadership, and workplace stress. Byron, who received her PhD from Georgia State University, is a 2012-2014 Whitman fellow.
Her most recent paper, titled, “Diplomas, Photos, & Tchotchkes As Symbolic Self-Representations: Understanding Employees’ Individual Use Of Symbols,” and co-authored with Greg Laurence, a 2012 Ph.D. Graduate of the Whitman School serving on the faculty of University of Michigan, Flint, has been accepted for publication by the Academy of Management Journal. Through interviews, workspace inventories and observations, this study examines employees’ tendency to personalize their workspaces with photos, memorabilia and other objects—even when rules prohibit it—and what this practice reveals about an individual’s self-expression and work relationships.
The Whitman School, established in 1919, is one of the first business schools to be accredited by the Association for the Advancement of Collegiate Schools of Business (AACSB) International. Whitman is continually recognized by national business organizations as home to a top undergraduate business program, a top-tier entrepreneurship program and the oldest program in supply chain management, which is continually ranked among the nation’s top 10. Whitman offers a vast range of BS, MS, MBA and PhD degrees including accounting/accounting CPA, entrepreneurship, finance, management, marketing management, real estate, retail management and supply chain management. The School has 13 centers and institutes, including the Ballentine Investment Institute, where carefully selected students manage the Orange Value Fund worth nearly $1.7 million. With a strong and active alumni base, Whitman’s undergraduate living alumni total nearly 30,000.
Research by Scott Fay, associate professor of marketing at the Martin J. Whitman School of Management at Syracuse University, and Jinhong Xie, professor and JCPenney Eminent Scholar Chair at the Warrington College of Business Administration at the University of Florida, has been accepted for publication by the academic journal Management Science.
The paper, titled “Timing of Product Allocation: Using Probabilistic Selling to Enhance Inventory Management,” examines whether probabilistic selling (PS) can help a seller better manage their inventories. While it’s intuitive that PS can help in inventory management when allocations are not made until the seller learns which item is less appealing to consumers, the researchers demonstrate that PS can be effective even if the firm allocates products before knowing which product will be more popular, and thus, scarcer.
“It can be more profitable to allocate products to consumers before, rather than after, learning the true demand for a product because it enables the firm to charge higher prices,” says Fay. “Early allocation effectively allows the seller to commit to random assignments, whereas under late allocations, consumers expect to receive a less popular item.”
Fay and Xie also explore how optimal inventory levels change as a seller introduces probabilistic goods, and show that PS can simultaneously increase both profit and social welfare.
You are what you put on display: Byron's research examining personalized workspaces to appear in Academy of Management Journal
Research co-authored by Kris Byron, associate professor and chair of the Department of Management at the Martin J. Whitman School of Management at Syracuse University, and Greg Laurence, an assistant professor of management at the University of Michigan, Flint, has been accepted for publication by the Academy of Management Journal.
The paper, titled, “Diplomas, Photos, & Tchotchkes As Symbolic Self-Representations: Understanding Employees’ Individual Use Of Symbols,” examines, through interviews, workspace inventories and observations, employees’ tendency to personalize their workspaces with photos, memorabilia and other objects—even when rules prohibit it—and what this practice tells us about an individual’s self-expression, and work relationships.
According to the researchers, “…these objects symbolize who employees are and who they want to be. Through these symbolic self-representations, employees find common ground through shared non-work experiences, establish a common understanding of work roles, and share personal information about the self—all of which contribute to relationship development at work. Additionally, they focus attention on goals and establish a desired boundary between work and non-work both of which contribute to employees self-regulation.”
Byron, who received her PhD from Georgia State University, is a 2012-2014 Whitman fellow and an affiliated faculty with the Department of Psychology in the College of Arts and Sciences at Syracuse University. Laurence received his MA (2004) from Syracuse’s Maxwell School, and his MBA (2003) and PhD (2011) degrees from the Whitman School of Management.
A research paper authored by Tridib Mazumdar, Howard R. Gendal professor of marketing at the Martin J. Whitman School of Management at Syracuse University, has been accepted for publication in the journal Management Science. Mazumdar’s co-authors are Angela Liu and Bo Li, assistant professor of marketing and associate professor of statistics, respectively, at the School of Economics and Management, Tsinghua University, Beijing. Liu earned her PhD from the Whitman School in 2010.
The paper, titled, "Counterfactual Decomposition of Movie Star Effects with Star Selection," examines the effects casting has on the financial success of a film. Specifically, the study asks, what would a film’s outcome be if an unknown actor/actress had the lead role, given that individual possessed the same influence on the film’s production characteristics (e.g., script, budget, distribution, genre, etc.) of a well-known actor/actress, or vice versa?
According to the researchers, “The counterfactual analysis shows that the presence of a star does ensure wider release of the movie. However, the movie’s box office revenue is determined almost entirely by the movie characteristics, and stars have no direct residual effect on revenue. The stars’ effect on revenue is therefore indirect, and it comes from the wider release of the movie and the stars’ judicial choices of movie characteristics.”
In addition to his research and teaching, Mazumdar is also director of the Earl V. Snyder Innovation Management Center, dedicated to the study and understanding of innovation management and providing Whitman students with the opportunity to delve into the diverse fields of business, law, engineering, and industrial design through an interdisciplinary curriculum. The innovation management program at the Whitman School was established in 1981, with the dedication of the Snyder Center occurring in 1993 through a generous endowment from the estate of Earl and Josephine Snyder.
Two faculty members in the Martin J. Whitman School of Management at Syracuse University have accepted invitations to serve on the editorial board of the Journal of Management (JOM). Catherine Maritan, associate professor of management, has been named Senior Associate Editor, second to the Editor-in-Chief. She will be in charge of the strategy, organizational theory, and entrepreneurship sections, with the help of a team of associate editors. Natarajan Balasubramanian, associate professor of management, will be joining the editorial board. Both posts will become effective on July 1, 2014.
Maritan studies strategy processes and her research focuses on how firms build and use capabilities. In addition to the Journal of Management, She serves on the editorial board of the Strategic Management Journal. Her work has been published in leading outlets such as the Academy of Management Journal and Organization Science, as well as the Journal of Management and Strategic Management Journal. Maritan received her PhD in strategic management from the Krannert School of Management at Purdue University.
Balasubramanian’s research interests are in competitive analysis, organizational learning, and innovation. His research has been published in Management Science, Journal of Industrial Economics, Review of Economics and Statistics, and Strategic Management Journal. He is recipient of the prestigious Kauffman Junior Faculty Fellowship in Entrepreneurship Research. Balasubramanian earned his PhD from the Anderson School of Management at the University of California, Los Angeles.
According to its website, the peer-reviewed, bi-monthly JOM is “committed to publishing scholarly empirical and theoretical research articles that have a high impact on the management field as a whole.” JOM content covers topics such as business strategy and policy, entrepreneurship, human resource management, organizational behavior, organizational theory, and research methods.
Assistant Professor Lihong Liang's research on full value reporting models to appear in Accounting Review
A research paper co-authored by Lihong Liang, assistant professor of accounting at the Whitman School of Management at Syracuse University, and Edward Reidl, associate professor of accounting at Boston University, has been accepted for publication in the May 2014 issue of The Accounting Review.
The paper, “The Effect of Fair Value versus Historical Cost Reporting Model on Analyst Forecast Accuracy,” examines how the reporting model for a firm’s operating assets affects analyst forecast accuracy.
“We contrast UK and US investment property firms having real estate as their primary operating asset, exploiting that UK (US) firms report these assets at fair value (historical cost). We assess the accuracy of a balance sheet-based forecast (net asset value, or NAV) and an income statement-based forecast (earnings-per-share, or EPS),” explains Liang.
The authors predict and find higher NAV forecast accuracy for UK relative to US firms and lower EPS forecast accuracy for UK firms when reporting under the full fair value model of IFRS. Overall, they conclude, the results indicate that the fair value reporting model enhances analysts’ ability to forecast the balance sheet, but the full fair value model reduces their ability to forecast net income.
Read the full paper here.