February 2001, Volume 69, Number 2

Joanne Martin is the first woman to receive the Academy of Management's highest educational achievement award. Photograph by Saul Bromberger/Sandra Hoover Martin Named Distinguished Educator JOANNE MARTIN has received the Distinguished Educator Award of the Academy of Management. The Business School's Fred H. Merrill Professor of Organizational Behavior, Martin was the first woman selected to receive the highest educational achievement award of the 10,000-member organization, presented during its annual meeting in Toronto. Two-thirds of the members are professors who teach and conduct research in management. In presenting the award, Ray Aldag, former president of the academy, cited Martin's "extraordinary contributions of time, talent, and compassion to the learning and development of doctoral students and junior faculty," as well as her work on innovative course materials and her research. As director of the Doctoral Program at the School from 1990 to 1995, Martin "introduced changes to increase opportunities for women, blacks, and Hispanics," Aldag said, and mentored students to "locate their voices and passions." Her instructional innovations include "a course on women's issues for MBA students and the development of cases on senior women executives' views of how gender relations at work shaped their careers," he said. Martin's research in the areas of organizational culture, distributive justice, and gender and race in organizations has appeared in top psychological and organizational journals, and she has written several books. WHEN John Roberts was honored during the School's Alumni Reunion Weekend for his service to the Business School's alumni/ae, he immediately returned the compliment, crediting graduates of Stanford and other American institutions with being "the secret to the success of American higher education." Alumni/ae support education financially, he told the gathered graduates, but added: "You also help us recruit students, you help with placement, you visit classes as guest speakers and enliven the curriculum in that way, and you give the faculty access to practicing managers. That's tremendously important." In 1997, Roberts and colleague Joel Podolny created a new MBA course called Managing in the Global Economy that included 24 cases to cover the new material. "The vast bulk of those came because our alumni gave us access to their organizations," Roberts said. Roberts received the Jaedicke Silver Apple Award, named for Dean Emeritus Robert K. Jaedicke. The award recognizes faculty members with significant involvement in alumni programs. On the faculty since 1980, Roberts considers travel his hobby and has visited alumni chapters both in the United States and abroad to make presentations about his research and the School. He has been the keynote speaker for several alumni weekend programs and participated in two international alumni conferences. The Jonathan B. Lovelace Professor of Economics and Strategic Management, Roberts also directs the Global Management Program and was recently named a senior associate dean of the School. STEFANOS ZENIOS, associate professor of operations, information, and technology, received the 2000 meritorious service award from the journal Operations Research. He also received a National Science Foundation Career Award for young investigators. The latter award provides $200,000 for Zenios to pursue research through 2004 on incentives and coordination in decentralized technological systems. The Boston University School of Management recently honored Mary Barth with its annual Alumni Distinguished Service Award. Barth, professor of accounting, is a member of the advisory council of the Financial Accounting Standards Board and associate editor of the Accounting Review. JAMES VAN HORNE, the A. P. Giannini Professor of Banking and Finance, and William Sharpe, the Stanco 25 Professor of Finance, Emeritus, were recently elected Fellows of the American Finance Association, the academic organization devoted to the study and promotion of knowledge about financial economics. Both are past presidents of the association. Van Horne's work is in interest-rate theory and behavior and most areas of corporate finance. Nobel laureate Sharpe studies macro-investment and equilibrium in capital markets. Jeffrey Pfeffer, the Thomas D. Dee II Professor of Organizational Behavior, has been selected as a charter inductee into the Hall of Fame of the 10,000-member Academy of Management. H. Irving Grousbeck, MBA Class of 1980 Consulting Professor of Management and codirector of the Center for Entrepreneurial Studies, was recently awarded an honorary doctor of humane letters degree from his alma mater, Amherst College. Two faculty were selected as National Fellows of the Hoover Institution for the current academic year. They are Timothy Groseclose, associate professor of political economy, who is studying the relationship between personal characteristics and policy positions in presidential elections; and Peter Henry, assistant professor of economics, who is researching the effects of economic policy reform in emerging markets. WORK BY BUSINESS SCHOOL FACULTY HAS been awarded best-paper-of-the-year recognition recently by a variety of scholarly organizations. Seenu Srinivasan shared the David K. Hardin Award of the American Marketing Association for coauthoring the best marketing research paper of 1999, which was titled "Predictive Validation of Multiattribute Choice Models." Srinivasan is the Ernest C. Arbuckle Professor of Marketing and Management Science. William Beaver, the Joan E. Horngren Professor of Accounting, and accounting professor Maureen McNichols were honored for their paper "Do Stock Prices of Property Casualty Insurers Fully Reflect Information About Cash Flows, Accruals, and Development?" at the Review of Accounting Studies 2000 Conference. A paper coauthored by Mary Barth was named the best paper of the American Accounting Association's Financial Reporting Section. It was titled "Option Pricing-Based Bond Value Estimates and a Fundamental Components Approach to Account for Corporate Debt." Assistant professor of finance Ming Huang was honored by the International Foundation for Asset Management and Financial Engineering for coauthoring the best research paper in the foundation's field. It was titled "Prospect Theory and Asset Prices." A paper coauthored by associate professor of finance Manju Puri on "Bank Entry, Competition, and the Market for Corporate Securities Underwriting" was judged the best paper on capital markets and asset pricing for 1999 in the Journal of Financial Economics. James Lattin, associate professor of marketing and management science, and David Bell, PhD '96, received the 1999 Frank M. Bass Dissertation Paper Award of the Institute for Operations Research and the Management Sciences. Their paper was "Shopping Behavior and Consumer Preferences for Store Price Format: Why Large-Basket Shoppers prefer EDLP."