We are off to a great start at the Emerging Markets Institute for the 2015 academic year! On August 21, we will host our second annual roundtable, presenting two discussion topics: “Effective government relations in emerging markets” and “Winning against local competition in emerging markets”. We are being hosted by KPMG High Growth Markets in their offices at 345 Park Avenue, and we sincerely appreciate their hospitality. Based on the success of last year’s roundtable, we anticipate a sell-out audience.
We will follow up the roundtable with our fourth annual international conference on October 14 at the Cornell Club. This year, in recognition of Johnson’s recently announced joint EMBA program with People’s Bank of China School of Finance, Tsinghua University, we are focusing our conference on China. “China, reaching out to the world: Global investments and partnerships” will provide us with the opportunity to analyze the impact of Chinese investment around the world, as well as the partnerships being formed by Chinese firms. Many thanks to Peter Luerssen, MBA ’87 for providing some financial assistance to the conference.
We have several speakers already scheduled to give lectures to our students this fall, including Arindam Bhattacharya, the Managing Director of the BCG Delhi office, and some of our returning alumni. A special event is being planned on November 6, when we will host Ambassador Rick Burt, AB’69, who was the former Ambassador of the United States to Germany at the time of the collapse of the Berlin Wall. Ambassador Burt, who is now a Managing Director with McLarty Associates in Washington, DC, will not only relay the events of 1989 to us, but also tie in the current day crisis in Eastern Europe and Russia and explain the connections.
Our Fellows program continues to thrive. We recently recruited 13 students from our One Year Ithaca MBA program, bringing our second year class total to 39. I anticipate recruiting a new group from the first year students in September or October. We graduated 18 fellows in May, bringing our alumni total to 33. Our alumni fellows are now placed in firms from Sao Paulo, Brazil to Addis Ababa, Ethiopia.
I thought I would provide an update to our team which participated in the "The mai Bangkok Business Challenge® @ Sasin" at the Sasin Graduate Institute of Business Administration of Chulalongkorn University in Thailand last February. Our team placed in the final round, meaning it was one of the six best teams in the world, out of an initial field of 44 entries.
We expanded our faculty research program this year, due to generous gifts from Roberto Canizares, BS ’71, MBA ’74 and James Morgan, BS ’60, MBA ’63. In June we awarded grants to study:
- Effectiveness of Human Newsvendors - Role of Cognitive Load, Cultura, Attributes, and Contribution Margin
- Stock Liquidity and Dividend Policy, Evidence from a Natural Experiment
- Toward a Distinction Between Assertive vs. Suppressive Dominance: A Cross-National Study of Status Attainment in the U.S., China, and South Korea
- Spatial Network Effects on Salesforce Turnover and Customer Retention in the Chinese Insurance Industry
- Operational Volatility and Suppliers in Emerging Markets
- Impact Investing in Emerging Markets
We are also congratulating Lourdes Casanova as our new Co-Academic Director of the Emerging Markets Institute. She will be sharing this role with Andrew Karolyi. Andrew has recently taken on new duties as Executive Editor of the Review of Financial Studies, but will still be active in the Institute. Lourdes will be partnering with me on our activities with students, faculty and the international business community.
I look forward to updating you later on our activities and welcome your inputs or comments.