FACULTY NEWS
Broad Faculty Take a Leadership Role in business research--the intellectual activity that forms the foundation for their students' progress and their school's enduring reputation. With each issue of Vision, we highlight and celebrate their accomplishments.
KUDOS
Richard T. Baille, A.J. Pasant Professor of Finance and Economics in the Departments of Finance and Economics--Conferred with the honor of being made a fellow of the American Statistical Association during an awards ceremony at their annual convention earlier this year. The award was given for research achievements in time-series analysis, empirical international finance and econometrics, and for service to the statistics profession.
Daniel Lynch, associate professor in the Department of Marketing and Supply Chain Management--Received an award for best paper in the Business-to-Business Marketing Tract at the Society for Marketing Advances Conference. The paper, entitled, "An Evaluation of Website Informational Content and Interactivity in the Transportation Industry" was co-authored by Alexander E. Ellinger.
Ram Narasimhan, University Distinguished Professor in the Department of Marketing and Supply Chain Management--Received the outstanding achievement award presented by the Decision Sciences Institute for his paper entitled "A Framework for Corporate Environmental Practices and its application for Enhancing Environmental Management." The best paper award is sponsored by Lucent Technologies.
Mark Schroder, associate professor in the Department of Finance--Recently appointed an associate editor of the Review of Financial Studies. This journal, the Journal of Financial Economics, and the Journal of Finance comprise the top three finance journals.
A.J. Singh, assistant professor in The School of Hospitality Business--Launched a beta e-Learning test with Hostmark Hospitality Group in Illinois and Outrigger Hotels and Resorts in Hawaii. Hotel leaders focused on an innovative lodging executive education program.
Paulette Stenzel, professor in the Department of Finance--Featured speaker for "Mexico and the U.S.: Sin Fronteras, Without Borders." Her two discussions--"Environmental Law and Mexico" and "Doing Business in Mexico"--were part of Albion College's International Week.
BOOKMARK
Richard T. Baillie, A.J. Pasant Professor of Finance and Economics, Joint Appointment Department of Finance and Department of Economics--"The Message in Daily Exchange Rates: A Conditional Variance Tale," Journal of Business and Economic Statistics, 20, 60-68, 2002.
"Modeling and Forecasting from Trend Stationary Long Memory Models with Applications to Climatology," International Journal of Forecasting, forthcoming, 2002.
Grants
National Science Foundation Grant #DMS-0071619: "Inference in Heteroskedastic Nonlinear Time Series Under Long Memory with Applications to Finance." Funding with co-principal investigator, Hira L Koul.
Michigan State University Intramural Research Grant: "Predicting Commodity Price Volatility and Modeling Hedge Ratios in Commodity Markets." Funding joint with Robert J Myers.
Jonathan Bohlmann, assistant professor in the Department of Marketing and Supply Chain Management-- With William Qualls, "Household Preference Revisions and Decision Making: The Role of Disconfirmation," International Journal of Research in Marketing, Vol. 18, No. 4, pp. 319-39, 2001.
Stanley Hollander, professor emeritus in the Department of Marketing and Supply Chain Management--"Revolving but Not Revolutionary Books," Journal of Macromarketing, December, 2001, pp. 123-34.
With Michael Tippins and Kathleen Rassuli, "An Assessment of the Farmer's Market in the United States," International Journal of Retail and Distribution Management, in press.
Amy Kallianpur, assistant professor in the Department of Marketing and Supply Chain Management--"A Test of Neologism-Proofness in Cheap-Talk Games," INFORMS Annual Conference, November 2001.
"Perfect Bayesian Equilibria and Credible Neologisms in Experimental Sender-Receiver Games," Marketing Science Conference, 2001. "Do Buyer Alliances Strategically Influence Market Outcomes?" ISBM Working Paper Series, Institute for the Study of Business Markets, Penn State University, 2002.
Jun-Koo Kang, professor in the Department of Finance--With Kee-Hong Bae and Jin-Mo Kim, "Tunneling or Value Added? Evidence from Mergers by Korean Business Groups," Journal of Finance, forthcoming.
Thomas J. Linsmeier, associate professor in the Department of Accounting and Information Systems-- With D. Thornton, M. Venkatachalam, and M. Welker, "The Effect of Mandated Market Risk Disclosures on Trading Volume Sensitivity to Interest Rate, Exchange Rate, and Commodity Price Movements," Accounting Review, April 2002.
D. Harrison McKnight, assistant professor in the Department of Accounting and Information Systems-- McKnight, D.H., Ahmad, S., and Schroeder, R.G., "When Do Feedback, Incentive Control, and Autonomy Improve Morale? The Importance of Employee-Management Relationship Closeness," Journal of Managerial Issues, 13(4): 466-82, 2001.
McKnight, D.H. and Chervany, N.L., "What Trust Means in E-Commerce Customer Relationships: An Interdisciplinary Conceptual Typology." International Journal of Electronic Commerce, 6(3): 35-60, 2001-2002.
Frederick P. Morgeson, assistant professor in the Department of Management--With F.P., Campion, M.A., and Maertz, C.P., "Understanding Pay Satisfaction: The Limits of a Compensation System Implementation," Journal of Business and Psychology, Vol. 16, 133-49, 2001.
McDaniel, M.A., Morgeson, F. P., Finnegan, E.B., Campion, M.A, and Braverman, E.P., "Predicting Job Performance Using Situational Judgment Tests: A Clarification of the Literature," Journal of Applied Psychology, Vol. 86, 730-40, 2001.
Peterson, N.G., Mumford, M.D., Borman, W.C., Jeanneret, P.R., Fleishman, E.A., Campion, M.A., Levin, K.Y., Mayfield, M.S., Morgeson, F.P., Pearlman, K., Gowing, M.K., Lancaster, A., and Dye, D., "Understanding Work Using the Occupational Information Network (O*NET): Implications for Practice and Research," Personnel Psychology, Vol. 54, 451-92, 2001.
Frank T. Rothaermel, assistant professor in the Department of Management--"Incumbent's Advantage through Exploiting Complementary Assets via Interfirm Cooperation," Strategic Management Journal, 22 (6-7), 687-99, 2001.
Rothaermel, F.T., and Sugiyama, S., "Virtual Internet Communities and Commercial Success: Individual and Community-Level Theory Grounded in the Atypical Case of TimeZone.com," Journal of Management, 27 (3), 297-312, 2001.
Kotha, S., Rindova, V., and Rothaermel, F.T., "Assets and Actions: Firm-Specific Factors in the Internationalization of U.S. Internet Firms," Journal of International Business Studies, 32 (4), 769-91, 2001.
"Complementary Assets, Strategic Alliances, and the Incumbent's Advantage: An Empirical Study of Industry and Firm Effects in the Biopharmaceutical Industry," Research Policy, 30 (8), 1235-51, 2001.
Srinivas Talluri, associate professor in the department of Marketing and Supply Chain Management--"A Model for Strategic Supplier Selection," Journal of Supply Chain Management, 38(1), 18-28, 2002.
"A Synergistic Framework for Evaluating Business Process Improvements," International Journal of Flexible Manufacturing Systems, 14(1), 53-71, 2002.
"Supplier Evaluation and Rationalization Via Data Envelopment Analysis: An Empirical Examination," Journal of Supply Chain Management, 37(3), 28-37, 2001.
"A Buyer-Seller Game Model for Negotiation and Selection of Purchasing Bids," in the proceedings of the 32nd Annual Meeting of the Decision Sciences Institute, San Francisco, California, November 2001. "Logistics, Electronic Commerce, and the Environment," in the proceedings of the SPIE Conference, Newton, Mass, November 2001.
FACULTY PROFILE
It's All About Trust
Exploring Vendor-Relationships in Cyberspace
By Kathleen Farrell
In their quest to purchase the latest CDs or bestsellers, cyber travelers have become quite the trusting bunch. Have you ever wondered why people are so quick to hand over their credit card numbers and other personal information as they wind their way around the Internet? Well, Harrison McKnight, PhD wanted to know so he began a research project on the topic.
McKnight is an assistant professor in the Department of Accounting and Information Systems at the Broad School. He joined Michigan State University in August 2001. Prior to that he was a professor at Florida State University. Trust issues have been an interest of McKnight's for the past 10 years and he has found his latest endeavor on e-commerce trust fascinating.
"When the web started becoming popular it became obvious to me that this was another area in which there are a lot of initial relationships--people getting used to the web, people getting used to new vendors on the web," says McKnight, who is working on the project with two former colleagues at Florida State University. "Here are these relationships where it's vital to be able to establish trust but you don't even know the other person, so how does the system work?"
McKnight says there are two types of people who surf the web: Those who are trusting, almost naive, and those who refuse to do any business online because of the fear of where their personal information may end up.
McKnight and his group developed a legal advice website that was used by 1,400 students. The students then answered a questionnaire about their experiences. They have funded the project themselves and plan to look into non-student samples as well. "One of the things we're most interested in is how does trust develop over time? We have focused so far on the initial experience that the e-consumer has with the website--we've tested the first time they see the site," he says. "What we'd like to do is understand over time how that trust relationship works."
McKnight also is involved in another line of research focusing on relationships between workers and management and how that relationship affects morale and employee turnover. "Trust is one of the key relationship variables studied in various fields and I have found it has actually been a strong motivator for the employee to know that they and the boss have a good relationship. It actually makes them more committed to the company and more proud of the work they do."
Before McKnight entered the world of academia, he spent 10 years at Sabre Computer Services, which provides the computer system for the travel industry. While he loved his work there, "I was a little bored with corporate America," he says. "I wanted a challenge." Working in the college setting was just what he'd been looking for. "I love it. I love the students and I love to do the things teachers do. It's the kind of position that certain people could only dream about because it has a combination of working with people and doing interesting idea exploration."