Faculty & Research
Research by Alex McKelvie, associate professor of entrepreneurship at the Whitman School of Management at Syracuse University, and J. Michael Haynie, Whitman’s Barnes Professor of Entrepreneurship, has been accepted for publication by the Journal of Business Venturing. The paper, titled “Habitual entrepreneurs: Possible cases of addiction to entrepreneurship?” examines the underlying psychological processes that may motivate habitual entrepreneurs to engage in entrepreneurship repeatedly. April J. Spivack is a co-author.
According to the authors, habitual entrepreneurs are entrepreneurs that launch multiple start-ups throughout their careers. Drawing from psychology literature on behavioral addictions, such as workaholism and internet use, McKelvie, Haynie and Spivack develop a framework that defines the symptomatology of “behavioral addiction to entrepreneurship.” Through case studies on two habitual entrepreneurs, they demonstrate how psychological, emotional and physiological aspects of the entrepreneurial experience can create “a behavioral addiction.” Their work, the authors contend, is one of the first to explore the psychological origins of habitual entrepreneurship and possible “dark side” of entrepreneurship outcomes.
Research by Julie Niederhoff, assistant professor of supply chain management at the Whitman School of Management, and her co-author, Xiaole “Sherri” Wu, an assistant professor in the Department of Management Science at Fudan University, has been accepted for publication in the journal Production and Operations Management.
In the paper, titled "Fairness in Selling to the Newsvendor," the authors use a mathematical model to consider how objectives, other than profit maximization, influence the trade efficiency in a two-party supply chain with uncertain demand. Specifically, the authors contend, when the supplier or buyer of a good is concerned about the fairness of profits for the other party and themselves—for example, in Fair Trade agreements—the system develops prices and order quantities that are often more (but sometimes less) efficient (higher volumes and higher total profits) than would be predicted if all parties were strictly maximizing expected profits. The authors conclude that fairness concerns are most influential in a supply chain with high demand risk.
Production and Operations Management is published by the Production and Operations Management Society (POMS), an international professional organization representing the interests of POM professionals from around the world.
A paper titled, “Aggregate Jump and Volatility Risk in the Cross-Section of Stock Returns,” by David Weinbaum, associate professor of finance, has been accepted for publication in Journal of Finance, a foremost journal in financial research.
Co-authored by Martijn Cremers, professor of finance at the University of Notre Dame and Michael Halling, assistant professor of finance at the University of Utah’s David Eccles School of Business, the paper examines the cross-sectional asset pricing and both the aggregate jump and volatility risks “in the cross-section of stock returns by constructing investable option trading strategies that load on one factor but are orthogonal to the other.” The authors continue that “both aggregate jump and volatility risk help explain variation in expected returns. Consistent with theory, stocks with high sensitivities to jump and volatility risk have low expected returns. Both can be measured separately and are important economically.”
Weinbaum’s research interests are in investments and derivatives. Weinbaum has also published in several other leading journals in finance and economics, and his research has been cited in major national news outlets. He also works with doctoral students in finance as well as teaches investments at the undergraduate level and managerial finance and valuation in Whitman’s iMBA program.
Yitzhak Fried, professor of management at the Martin J. Whitman School of Management at Syracuse University, has been awarded fellow status from the American Psychological Association (APA). Fried is a widely published researcher on topics related to job and office design, work stress, motivation, performance appraisal, diversity, and cross-culture issues. He was also elected as a fellow in the Society of Industrial and Organization Psychology (SIOP), a division of the APA, in 2011.
According to the APA’s website, fellow status is “an honor bestowed upon APA members who have shown evidence of unusual and outstanding contributions or performance in the field of psychology. Fellow status requires that a person's work has had a national impact on the field of psychology beyond a local, state or regional level. A high level of competence or steady and continuing contributions are not sufficient to warrant fellow status. National impact must be demonstrated.” Fried’s work has been cited more than 1,500 times, according to the Social Sciences Citation Index.
A paper titled, “Service Completion Estimates for Cross-trained Workforce Schedules under Uncertain Attendance and Demand,” by Fred Easton, professor of supply chain management and director of the Robert H. Brethen Operations Management Institute, has been accepted for publication inProduction and Operations Management (POM), one of the top journals in operations and supply chain management.
In the paper, Easton proposes a “two-stage stochastic program for profit-oriented cross-trained workforce scheduling” and adds that, when comparing the performance of workforce scheduling decisions for hundreds of different hypothetical service environments, “workforce schedules based on convolution estimates are more profitable, favor proportionately more cross-trained workers and fewer specialists, and tend to recommend significantly larger (smaller) staffing levels for services under high (low) contribution margins than schedules based on independent expectations of attendance and demand.”