Spears School News
Margaret White, the Fleming Cos. Inc. Professor of Technology Management, retired from Oklahoma State University in August after 31 years in the Department of Management in the Spears School of Business.
Originally from Texas, she received a bachelor’s degree in mathematics with a minor in history and a master’s degree in business administration with an emphasis in management and marketing from Sam Houston State University in Huntsville, Texas.
Following graduate school, she was a statistical analyzer for an oil company. She also owned a catering business, was a housing administrator and coached softball at the community college level before pursuing a doctorate.
White says she never expected to be an academician before she was asked to teach some classes at Iowa Western Community College. “After several life-altering events, I sat down and reevaluated my life goals,” she says. That’s when she decided to go back to school in her 30s to become a professor. Continue Reading
Corporate bond market investors bear the risk that the borrower will not pay them as promised; that’s why corporate bond prices tend to be lower than treasury bonds. But why isn’t corporate bond investor behavior consistent with the old adage that “no news is good news?” when the Federal Open Market Committee announces a plan to stay the course?
Oklahoma State University professor of finance Tim Krehbiel and associate professor of finance Ali Nejadmalayeri, along with co-author Siamak Javadi from the University of Texas – Rio Grande Valley, look into corporate bond investor behavior in their latest research, “Do FOMC Actions Speak Loudly? Evidence from Corporate Bond Credit Spreads.”
“If the Federal Reserve announces the intention to ‘stay the course,’ spreads between corporate and treasury bond prices widen,” Krehbiel said. “If the Federal Reserve announces the intention to either raise or lower rates, the spread between bond market prices narrows, and this is somewhat puzzling behavior. We find that staying the course seems to be unsettling for the corporate bond market.”
Corporate bond investors run a high risk of not being repaid by borrowers, so the nature of monetary policy changes is crucial to corporate bond investors.
This research is to be published in the Review of Finance. To view the article online, visit the SSRN copy.
Former Oklahoma State University business major Lance Robertson has been appointed as the U.S. Assistant Secretary on Aging and Administrator of the Administration for Community Living as nominated by President Donald J. Trump earlier this year.
After serving in the U.S. Army, Robertson graduated from OSU in 1993 with a bachelor’s in general business from the Spears School of Business and obtained a master’s in public administration with honors from the University of Central Oklahoma. He graduated from the 2010 Governor’s Executive Development Program for State Officials and the first class of the Oklahoma Aging Advocacy Leadership Academy in 1997. He was named an honorary alumnus by the OSU College of Human Sciences in 2013 to honor his partnership with its gerontology program.
Previously, Robertson served as Oklahoma’s Director of Aging Services for the past decade and oversaw a range of programs that included the Older Americans Act and a large 1915c Medicaid waiver. He was an administrator at OSU for twelve years, where he co-founded the Gerontology Institute and directed a regional professional association, PartnerShips for Aging. He is a past president of the National Association of States United for Aging and Disabilities (NASUAD) and has served on numerous boards and commissions.
Robertson continues to partner on several initiatives within the OSU College of Human Sciences.
Dealing with four brothers as the only girl didn’t stop senior accounting major Shelbie Smith from proving she was just as tough.
Born in Edmond, Smith attended Edmond Memorial High School, where she was involved with Student Council and softball. She helped organize the annual SWINE week for Edmond Memorial, raising $500,000 for nonprofit organizations and gaining valuable experience dealing with professionals and handling money. Smith and her family grew up attending Oklahoma State University football games, which made the decision to transfer to OSU an easy one.
“Our family has always come to football games on Saturdays, we hold season tickets every year,” Smith said. “My oldest brother graduated from OSU, the next one came [to OSU] for a year and decided college wasn’t for him, and the one right above me graduated from OSU in December. After my two years at North Texas playing softball, I decided I was done and I knew OSU was heavy on my heart, I always wanted to go to OSU, so it was a pretty easy decision for me to say this is where I am going to transfer to.
“My youngest brother will be a freshman [at OSU] next year. My dad attended OSU many, many years ago and has always been a big Cowboys fan, lives and breathes Cowboy football. My mom did not attend Oklahoma State, but that’s okay.” Continue Reading
Chris Wallace, Tim DuBois, George Blankenship and Moira Forbes will be the featured speakers for the 2017-18 Tulsa Business Forums and Oklahoma City’s Executive Management Briefing speaker series, presented annually by Oklahoma State University’s Spears School of Business along with corporate sponsors.
These programs bring in distinguished business leaders, authors and policymakers to speak to the Tulsa and Oklahoma City business communities. Both the Tulsa Business Forums and Executive Management Briefings are coordinated by the Center for Executive and Professional Development at OSU.
“Along with our corporate sponsors, we are very excited to bring business and government leaders to both cities each year,” said Ken Eastman, dean of the OSU Spears School of Business. “We are fortunate to have a distinguished group of individuals who will discuss the emerging news and issues with the Oklahoma business community.”
The schedule for the 2017-2018 speaker series is as follows:
Tulsa Business Forums
Nov. 1, 2017 – Chris Wallace, award-winning journalist and host of Fox News Sunday, 10-11:30 a.m., Mabee Center.
Feb. 7, 2018 – Tim DuBois, president of Tim Dubois Music, award-winning, Grammy nominated songwriter, producer and music executive, 12-1:30 p.m., Downtown DoubleTree Hotel.
April 17, 2018 – Moira Forbes, president and publisher of ForbesWoman, 12-1:30 p.m., Renaissance Tulsa Hotel and Convention Center.
Executive Management Briefings in Oklahoma City
Nov. 1, 2017 – Chris Wallace, award-winning journalist and host of Fox News Sunday, 4-5:30 p.m., National Cowboy and Western Heritage Museum.
March 8, 2018 – George Blankenship, former executive at Tesla Motors, Apple Computer and GAP Inc., 8-9:45 a.m., National Cowboy & Western Heritage Museum.
April 18, 2018 – Moira Forbes, president and publisher of ForbesWoman, 12-1:30 p.m., National Cowboy and Western Heritage Museum.
Registration is $200 a person for the series or $2,750 for a table sponsorship for the series. Full sponsorships include special events with the speaker among many other benefits.
For more information about the Tulsa Business Forums, or to learn how you can participate as a sponsor, contact Mandy McKinney at email@example.com or call 918-594-8244 or 405-744-5208.
For more information about the Executive Management Briefings, or to learn how you can participate as a sponsor, contact Kelle Scott at firstname.lastname@example.org or call 281-755-3773 or 405-744-5208.
Charlotte Wright, Regents Professor and Anadarko Petroleum Chair in the School of Accounting, retired from Oklahoma State University in June after 35 years in the Spears School of Business.
“Without a doubt, I have most enjoyed the students during my time at OSU. I have had so many great, hardworking, honest students from all across Oklahoma. Many of my students have gone on to have outstanding careers in industry, public accounting and in academia,” Wright says.
After Wright completed her master’s degree in professional accounting at the University of Texas at Arlington, she took a position with a major oil and gas company in Dallas. A few years later, she decided to go into a doctoral program and received a fellowship from the Institute for Petroleum Accounting Research at North Texas. There, she was able to work with some of the top experts in the oil and gas accounting industry as well as the Financial Accounting Standards Board and the Securities and Exchange Commission. She also received a substantial grant to pursue a dissertation in oil and gas accounting. Continue Reading
This certificate series is for beginning salespeople and marketers and for those who are selling products or services. This certificate series is targeted to those who want to expand their interactions with customers, meet and exceed expectations, learn negotiations, expand knowledge in analytics, become more influential with their customers, and increase sales through preparation and building relationships.
When the going gets tough and the world is against you, research says the best thing to do is get all of the negative out at once.
Oklahoma State University assistant professor of management Owen Parker’s latest research focuses on how firms respond to threats to their reputation. When an organization faces scrutiny from the media, it tends to perform more of the unavoidable negative activities to lessen the blow to its reputation.
“Until now, what we thought is that companies don’t really care that much about what the media thinks or what people are looking at,” Parker says. “But with this paper, we’ve looked at the oil and gas industry and we found that drilling, which is sort of a hazardous activity in the industry, happens when the company is already facing negative scrutiny in the media.”
Parker found that smaller and underperforming companies tend to have to go through compounding the negative attention more frequently than larger companies, since managerial behavior tends to be less organized than a larger, more insulated firm. The major key to Parker’s research is that reputation matters: it’s not just an outcome, but what drives decision-making and perception. Continue Reading
Blair Beale, a senior accounting major at Oklahoma State University, is the recipient of a $10,000 scholarship awarded by the Public Company Accounting Oversight Board (PCAOB). The merit scholarship is intended to encourage undergraduate and graduate students to pursue careers in audit.
The 21-year-old is the daughter of Mark and Lori Beale of Abilene, Texas.
Beale was nominated by the School of Accounting Scholarship Committee in the Spears School of Business. “The nomination committee selected Blair because of her excellence both in and out of the classroom. Her work ethic and attitude exemplify the best of our program and we are proud to call her one of our own,” said Angela Spencer, associate professor in the School of Accounting. Continue Reading
Josh Masterson has a passion for entrepreneurship, and his next venture just happens to be taking a place on one of the most prestigious committees in the nation.
His passion for aiding the underserved was echoed in Enactus, a global organization that encourages students to use entrepreneurship to help others. The Oklahoma State University entrepreneurship student traveled to Nicaragua not once, but twice, created the OSU Enactus chapter and competed in the Enactus Regional Competition in Dallas, all in less than a year. After those accomplishments, the next step was to get on the national Enactus USA Student Advisory Committee to develop more connections for OSU entrepreneurship.
“The OSU Enactus chapter is less than a year old, so I was surprised I was chosen to be on the Student Advisory Committee,” Masterson said. “Serving on the committee will be a great honor and will allow the OSU Enactus chapter to develop more relationships with other college chapters. I will be a link between colleges and Enactus headquarters, so that’s going to be a cool experience.” Continue Reading
Debra Nelson, Spears School Associates Chair in the Department of Management, retired in June from Oklahoma State University after 32 years with the Spears School of Business.
Originally from New Mexico, she earned a bachelor’s degree in finance with a minor in management from Texas Tech University. She then spent several years at Southwestern Bell before earning an MBA and doctorate in organizational behavior with minors in social psychology and research methods from the University of Texas at Arlington.
Nelson had never visited Oklahoma before arriving on the Stillwater campus for her first faculty position interview. Continue Reading
The Communication Certificate Series for Managers, presented by the Spears School of Business at Oklahoma State University, is scheduled from October to December in Tulsa, Okla. Participants who attend all six sessions will earn a business communications certificate.
Managers will sharpen their business management communication skills through interactive exercises and case studies during seminars. This series helps participants achieve success by learning to deliver clear, persuasive, and concise messages and enhance their communication skills.
The Communication Certificate Series for Managers is a six-part series.
Oklahoma State University finance alunma Wendy Thompson was selected as one of only 38 CPAs in the nation to attend the American Institute of CPAs’ (AICPA) Leadership Academy program October 1-5 in Durham, North Carolina.
Thompson grew up in Tulsa and knew she wanted to attend OSU. She graduated from OSU with a bachelor’s in finance with a minor in accounting in 2008 and was also a member of the equestrian team during that time. She works for Love’s Travel Stops and Country Stores as the manager of transportation accounting for Love’s trucking business, Gemini Motor Transport. She also serves as the treasurer of the Children’s Advocacy Centers of Oklahoma’s Board of Directors and the treasurer for the Thoroughbred Athletes Inc. Board of Directors.
Thompson has a history of success, being selected as one of the Oklahoma Society of CPAs as a 2016 Trailblazer and recently graduated from Leadership OKC’s LOYAL XII Program. She hopes to bring innovative ideas back to her organization and community and continue to improve her leadership skills.
“The selection process was very rigorous, requiring us to submit multiple essays, reference letters, lists of our accomplishments and our résumé,” Thompson said. “I feel very honored to be one of the 38 selected for the program. From a young age, I had always had a passion to learn and to better myself. Earning my CPA designation is one of my proudest accomplishments, and I want to continue to challenge myself as a young CPA and improve as a leader. Continue Reading
Have you ever wondered when you should invest or make a trade in your stock?
By using United States equity market-level data from 1926 through 2015, Oklahoma State University assistant professor of finance Greg Eaton nailed down the predictive power of trading costs in his latest research, “Micro(structure) before Macro? The Predictive Power of Aggregate Illiquidity for Stock Returns and Economic Activity,” which was accepted into the prestigious Journal of Financial Economics. Eaton cut out the volatility component from trading cost measures and found that embedded volatility was causing misleading results.
“One important aspect of our study is how we measure trading cost,” Eaton said. “We document that most measures of trading cost mechanically embed a volatility component, and it’s important to extract that component so we make sure that our results are driven by actual trading costs as opposed to volatility in disguise. Making this adjustment does have an important impact on our results. What we find is that the trading costs before we made the adjustment did not forecast stock returns, but once we extracted the embedded volatility component, we found strong evidence that trading costs do forecast future stock returns.” Continue Reading
Marlys Mason, associate professor of marketing who has been an Oklahoma State University faculty member for 16 years, has been named an Associate Dean for the Spears School of Business, Dean Ken Eastman announced.
Mason began as Associate Dean on July 1.
“We are excited to have Dr. Mason join the Spears leadership team,” Eastman said. “She is very well respected and she is very committed to student success, and I am confident that she will do a great job.”
Mason has taught at the undergraduate, masters and doctoral levels and in the Consortium of Universities for International Studies. She has taught courses in marketing strategy, marketing and society, consumer behavior and research methods since joining the OSU faculty in 2001.
The Spears School of Business will be hosting an OSU Innovation Series for Business at the OSU-OKC campus from July to September.
This series was created to help successful businesses stay competitive through innovation. The seminars will help participants learn how to continuously seek opportunities to create value in their organization. It is designed for leaders at all levels in any organization.
“Innovation is such an important piece of any business’ success,” said Bruce Barringer, department head in the School of Entrepreneurship in Spears Business. “Our faculty will provide practical and essential information on how organizations can use innovation to continue to thrive and excel in their industry.”
Spears School of Business alumna Kari Easson was recently named a 40 Under 40 by Oklahoma Magazine. She is the Controller/Accounting Director at Stillwater Medical Center.
Originally from Maryland, Easson first moved to Stillwater 12 years ago when her husband was a student at OSU. She received a master’s degree in accounting in 2008 and a master’s in health care administration in 2015 from Oklahoma State University.
Today, Easson manages a staff of six and is in charge of the day-to-day financial operations of Stillwater Medical Center (SMC) and all of their clinics and reports to the CFO. She prepares monthly financial statements and monthly financial/statistical reports, oversees the audit process and Medicare cost report preparations by SMC auditors, and coordinates their yearly budgeting process. She also manages the same accounting functions of Blackwell Regional Hospital. Continue Reading
Nonprofit management senior Christian Jackson may have left his professional football dreams behind, but football still plays a major role in his nonprofit business.
Jackson was born an only child in Houston and played football all his life. He accepted a scholarship to play football at a small college in Tennessee his freshman year, but quickly realized it wasn’t all it was made out to be. After transferring to Oklahoma State University his sophomore year, his original choice for college, he began focusing on academics.
“It was definitely tough, it was a rough couple of months going from playing football to not playing football at all,” Jackson said. “I’ve been playing football since second grade, so to completely stop that was a tough transition, and going from a little school to a school with 26,000 was a huge jump, so I really had to find a community so I wouldn’t go through school alone…. It was a rough transition, but it was for the best.” Continue Reading
Dennis L. Mott, professor of management in the Spears School of Business, retired in February after 43 years at Oklahoma State University.
Mott was the first in his family to attend college; his initial intent was to teach and coach at the secondary level. He completed his undergraduate degree in business education from Wayne State College in Nebraska in less than three years and was teaching in Missouri Valley, Iowa, at 21. Three years later, he accepted a position as business teacher and coach at Central High School in Omaha, Nebraska.
Two years later, he earned a master’s degree from the University of Nebraska at Omaha and went on to fulfill the requirement for a doctorate at the University of Nebraska-Lincoln. He began his work in higher education as an assistant professor at the University of Wisconsin-Superior in the College of Business Administration. Continue Reading
Explaining low self-employment rates among foreign-born STEM graduates: Why start a business if it doesn’t pay?
According to analysis of the American Community Survey, foreign-born college graduates in the science, technology, engineering and mathematics (STEM) field have much lower self-employment rates compared to foreign graduates of other majors. Why aren’t these technologically and scientifically-minded people starting new companies?
Oklahoma State University associate professor of economics and legal studies John Winters and co-author Zhengyu Cai from Southwestern University of Finance and Economics were also curious, as individuals who immigrate to a developed country are generally thought to be more entrepreneurial. One partial yet important explanation is earning differences between STEM and non-STEM fields: employed STEM graduates make a lot more money.
“Only about eight percent of foreign-born STEM graduates own their own businesses compared to 11.3 percent of foreign non-STEM graduates,” Winters said. “We wanted to try to explain this… so we started by documenting that foreign-born STEM graduates, on average, earn much higher in paid employment than their non-STEM counterparts.” Continue Reading
He may get to travel all over the globe, but Yves Mafolo put in the hard work to get to where he is today.
Oklahoma State University finance graduate Yves Mafolo is an Angolan national that grew up and lived across the African continent. He attended the African Leadership Academy where he launched both a community-based organization in the outskirts of Johannesburg and a business on-campus, having big dreams to travel the world and open a Pan-African investment firm. He accepted the African Leadership Bridge scholarship and began attending OSU in June 2011, where he began honing his passion of changing Africa.
“The African Leadership Bridge is an organization that helps prepare leaders who will help develop Africa and has a partnership with both the University of Texas at Austin and Oklahoma State University,” Mafolo said. “I’m extremely passionate about contributing to Africa’s development and making it a better place for all of its citizens, and being able to attend a university in the United States has exposed me to a different view of the world that I’m sure will help me achieve my aspirations for the African continent.” Continue Reading
Keith Willett, an economics professor in the Department of Economics and Legal Studies in Business, retired from Oklahoma State University in January after 35 years with the Spears School of Business.
Willett joined OSU’s Department of Economics in August 1981, directly after of graduate school. “The position was very attractive because it provided an ideal balance between teaching and research,” Willett says. “There were also many opportunities to participate in funded research with faculty in other programs on the OSU campus as well as faculty at other universities in the region.”
Throughout his career, he taught the undergraduate courses Introduction to Microeconomics, Managerial Economics, and Environmental Economics. He taught Contemporary Environmental Policy and Managerial Economics for the Spears School’s MBA program.
For Spears School of Business accounting senior Jordan Mazariegos, coming to Oklahoma State University was the gateway to a new life in the United States.
Born in Mexico City, Mazariegos was two years old when he and his parents packed up their lives and moved to Anaheim, Calif. With the help of a mysterious person his father had met along the way, Mazariegos and his family moved to Tulsa, Okla.
“Interestingly, the person that my dad met on his journey to the United States, my dad never saw him again,” Mazariegos said. “We moved [to Tulsa] because he called my dad and told him he had an apartment ready for us. So, my dad started paying rent and brought us over and we started our life in Tulsa. I don’t even know [the guy’s] name.”
Mazariegos attended Union High School and made many friends and genuine relationships with teachers that were always ready to lend a helping hand. He played soccer and had dreams of becoming a professional soccer player, even making it to the state championship his senior year. He knew he wanted to go to college to provide for his family, but when he was in his teens, he realized he wasn’t quite like every other student. Continue Reading
Oklahoma State University Master of Science in Business Analytics students recently got a taste of their future career path at the annual Big Data Boot Camp hosted by the Spears School of Business.
The weeklong boot camp is required for MSBA students completing their first year in the program. The camp not only covers the basics technical skills students will need to have for their future careers but also covers some soft skills that companies look for when making hiring decisions. The boot camp is provided free by Spears Business in partnership with SAS.
“No business can survive without making data-driven decisions,” said Miriam McGaugh, Spears Business clinical assistant professor of marketing and instructor for the Big Data Boot Camp. “Analytics isn’t going away. We train students to utilize software and technology to make processes more efficient in business.” Continue Reading
We hear about business scandals all the time, from Wells Fargo creating fake bank accounts to increase profits to Hampton Creek’s inflated sales numbers. But what happens to us morally after we do something wrong?
Oklahoma State University associate professor of management Rebecca Greenbaum with co-authors and former OSU PhD students Julena Bonner, assistant professor at Utah State University, and Matt Quade, assistant professor at Baylor University, investigate the aftermath of unethical behavior on an individual in their latest research.
The article combines emotions theories with previous research to explain the effect unethical behavior has on an individual’s self-image. Greenbaum and her co-authors were interested to see if people fear for their own reputations and discovered that people tend to try to “make up” for their shame by displaying desirable qualities. Continue Reading
Spears School of Business marketing professor Kinda Wilson was recently awarded the 2017 Excellence in Teaching/Training Award at the United States Distance Learning Association (USDLA) National Conference in Indianapolis.
Wilson was nominated for the award by the Spears School Online Learning office staff. They worked with her over the past year on the development of her online undergraduate and graduate level Innovative Marketing Social Media Strategies courses. The online learning staff provided video production, instructional design and animation support for the course and nomination.
Wilson has taught for the School of Marketing and International Business for more than 10 years at the OSU-Tulsa campus. “She has proven to be one of the very best teachers I have ever had; and, having been a department head for over 20 years, I have seen many, many teachers,” said Josh Wiener, head of the School of Marketing and International Business.
As she prepares for graduation, Carson Guinn credits her parents for inspiring her to pursue a career in finance
Carson Guinn is a senior economics and finance double major with a minor in accounting from Wichita, Kansas. She will graduate from Oklahoma State University on May 13.
Her parents Lynn and Kim Guinn graduated from the T. Boone Pickens College of Business at West Texas A&M University in Canyon, Texas, outside of Amarillo. “Pickens was a large supporter of the school as well as a major supporter of Oklahoma State University. So we have a running joke in my family that although we didn’t graduate from university, we have the same alma mater because T. Boone Pickens is such a huge supporter of Oklahoma State. So we’re kind of all Cowboys,” said Guinn. Continue Reading
Four Oklahoma State University business students will be traveling to Anaheim, California, to compete in the 2017 Phi Beta Lambda National Leadership Conference in June.
Earlier in April, management junior Anna Hudson, international business junior Kalina Keester, accounting junior Sydney Laudero and finance junior Kayla Roberts competed at the PBL State Conference hosted by Tulsa Community College-Metro. All four placed in the top three of their respective competitions to qualify for the National Leadership Conference. OSU Spears School of Business academic counselor Vicki Johansen also attended the conference as the OSU PBL chapter adviser. Continue Reading
The Watson Graduate of Management hosted its annual awards banquet on April 7. MBA student Duygu Phillips was recognized as the Outstanding Masters Student for the MBA program, the Outstanding SAS Student Certificate and received OSU Marketing Analytics recognition. MBA student Imran Selim was recognized with an Outstanding SAS Student Certificate and OSU Marketing Analytics.
Phillips is an Exxon Mobil Scholar with a concentration in marketing analytics and entrepreneurship, so she is taking classes such as CIE Scholars. She has been the editorial assistant to Marketing Journal (JMPTP), which has helped her become involved in academia and learn through articles and research. Phillips learned about the publishing process for an academic paper, which is great preparation to pursue a PhD.
Also, she is the MBA Association Vice President of International Affairs, and started the Brown Bag Lunch Series, where business professionals and students meet over lunch, network, exchange ideas and get advice. She has been developing her own business and was accepted into the incubator in accelerateOSU, the student startup center. Continue Reading