All photos © Evanston Photographic Andrea Eisfeldt

Faculty News

Assistant Professors of Finance Andrea Eisfeldt and Adriano Rampini have published "Endogenous Liquidity in Asset Markets" in the February issue of the Journal of Finance. They also received a research grant from the Searle Fund for "Barriers to Restructuring are Barriers to Growth." In April, Rampini also published "Entrepreneurial Activity, Risk, and the Business Cycle" in the Journal of Monetary Economics.

Visiting Professor of Health Industry Management Linda Emanuel announces the formation of a new journal, Organizational Ethics. In addition, Emanuel published "Refocusing the Research Agenda: Who Benefits from Palliative Care" in Clinics in Geriatrics Medicine 2004 with David Dranove, the Walter J. McNerney Distinguished Professor of Health Industry Management, and AT LoSasso. Emanuel also published "Corporate Citizenship: Managing Relationships with Professionals and Government" in Organizational Ethics (2004, vol. 1). She won the Pellegrino Lifetime Achievement Award for 2004.

Timothy Feddersen, the Wendell Hobbs Professor of Managerial Politics, has been elected chair of the Managerial Economics and Decision Sciences Department.

Michael Fishman, the Norman Strunk Distinguished Professor of Financial Institutions, has been re-elected chair of the Finance Department.

Shane Greenstein, the Elinor and H. Wendell Hobbs Distinguished Professor of Management and Strategy, was re-elected chair of the Management and Strategy Department.

Professor of Public Management and Director of the Program in Nonprofit Management Don Haider will publish an article on nonprofit mergers in the fall edition of the Stanford Social Innovation Review. Haider was elected in April to the board of Asset Acceptance Capital Corp.

Ehud Kalai

Ehud Kalai, the James J. O'Connor Distinguished Professor of Decision and Game Sciences, was elected president of the international Game Theory Society. He will preside over its Second World Congress, to be held in Marseilles, France, this July.

Robert Korajczyk, senior associate dean and the Harry G. Guthmann Distinguished Professor of Finance, has published "Are Momentum Profits Robust to Trading Costs?" in the June issue of the Journal of Finance with Ronnie Sadka, who received his doctoral degree from the Kellogg School in 2003. Korajczyk also has been appointed to the academic advisory board of the Gutmann Center for Portfolio Management at the University of Vienna and the scientific advisory board of ITG Inc.

The Swedish Marketing Executives Association has awarded SC Johnson & Son Distinguished Professor of International Marketing Philip Kotler its Gold Medal of Global Marketing Award. Kotler received the award May 24 in Stockholm.

Assistant Professor of Marketing Robert V. Kozinets and Professor of Marketing John F. Sherry Jr., with Diana Storm, Adam Duhachek, Krittinee Nuttavuthisit and Benèt DeBerry-Spence, won the William R. Davidson Award, honorable mention, for the top article for the year in the Journal of Retailing. Their article, "Themed Flagship Brand Stores in the New Millennium: Theory, Practice, Prospects," was published in the Journal of Retailing (vol. 78). Kozinets has also had several articles accepted for publication, including: "Videography in Marketing and Consumer Research," (with Russell W. Belk), forthcoming in Qualitative Marketing Research, and "Adversaries of Consumption: Consumer Movements, Activism, and Ideology," (with Jay M. Handelman) in the Journal of Consumer Research. The Journal of Consumer Research also will publish "Ludic Agency and Retail Spectacle" (with John F. Sherry Jr., Diana Storm, Adam Duhachek, Krittinee Nuttavuthisit and BenÈt DeBerry-Spence). The same group collaborated to publish "Gendered Behavior in a Male Preserve: Role Playing at ESPN Zone Chicago," in the Journal of Consumer Psychology (vol. 14).

Assistant Professor of Management and Organizations Johann Peter Murmann received the 2004 Schumpeter Award in Milan at the biannual conference of the International Joseph A. Schumpeter Society for his book Knowledge and Competitive Advantage: The Coevolution of Firms, Technology, and National Institutions.

Assistant Professor of Finance Paola Sapienza was appointed Faculty Research Fellow in the National Bureau of Economic Research's program on corporate finance. Her paper, "The Effects of Government Ownership on Bank Lending," was published in the Journal of Financial Economics (vol. 72, issue 2). Sapienza also published "The Role of Social Capital in Financial Development," (with Luigi Guiso and Luigi Zingales) in the American Economic Review (2004). Her article, "Does Local Financial Development Matter?" (with Luigi Guiso and Luigi Zingales) has been accepted for publication by the Quarterly Journal of Economics.

	Alice Tybout

Associate Professor of Managerial Economics and Decision Sciences Karl Schmedders was nominated for the Smith Breeden Prize, awarded by the Journal of Finance, for his paper "Asset Trading Volume with Dynamically Complete Markets and Heterogenous Agents" (with Ken Judd and Felix Kubler). Students at WHU-Otto Beisheim Graduate School of Management selected Schmedders for the university's "Best Teacher Award" for the winter semester. He also won the award last winter.

Alice Tybout, the Harold T. Martin Professor of Marketing, was elected chair of the Marketing Department.

John Ward, clinical professor of family enterprise and co-director of the Center for Family Enterprise, published "Culture in Family-Owned Enterprises: Recognizing and Leveraging Unique Strengths," (with Daniel Denison and Colleen Lief) in Family Business Review (vol. XVII, no.1).