Archive for the ‘Freeman in the News’ Category

CFO.com: Persuasion by CFOs Could Spur Faulty Audits

Thursday, February 19th, 2015

cfo

An article on CFO.com highlights new research by the Freeman School’s Kris Hoang on auditor reactions to persuasive tactics. For the study, Hoang and co-author Sanaz Aghazadeh looked at how 85 auditors from large international accounting firms react to persuasive language  from clients and pressure to accommodate their wishes.

The professors conclude that client-services pressure – the kind that may occur when a senior audit partner tells auditors that the client will be completing a satisfaction survey at the end of the audit – changes how the auditor interprets a client’s expression of confidence in the numbers. Auditors under such pressure “perceive client confidence as a cue to a persuasion attempt, rather than as an innocuous message,” according to the study.

But such skepticism about the client’s motives doesn’t spur auditors to fact-check the corporation’s numbers by consulting its vendors or customers. Auditors “only seek more powerful evidence when they encounter persuasive language under weaker client service pressure,” the researchers find.

“Thus, even though stronger client service pressure sensitizes auditors to persuasion, it simultaneously deters auditors from pursuing evidence from a more objective source,” they add.

To read the article in its entirety, visit CFO.com:

http://ww2.cfo.com/auditing/2015/02/unfriendly-persuasion-cfos-spur-faulty-audits/


Oldham named one of most influential I/O psychologists

Thursday, February 12th, 2015

In a new ranking by Human Resources MBA, the Freeman School’s Greg Oldham is named as one of the nation’s most influential living I/O psychologists.

Greg Oldham

Greg Oldham

Oldham, J. F. Jr. and Jesse Lee Seinsheimer Chair of Business and professor of management, is ranked 14th on the website’s list of The 30 Most Influential Industrial and Organizational Psychologists Alive Today. Human Resources MBA bases the ranking on a combination of publications, impact on industrial and organizational practices, influence on future research directions, and awards and recognition.

Oldham was singled out for his co-development of the Job Characteristics Theory, which suggests that challenging tasks serve as motivation while monotonous or boring tasks suppress motivation and lead to employee dissatisfaction. The theory, which provides a set of principles for enriching jobs,  is widely used by organizations.

Oldham joined the Freeman School in 2009 after serving as the C. Clinton Spivey Distinguished Professor of Business Administration and professor of labor and industrial relations at the University of Illinois at Urbana-Champaign. His research focuses on the contextual and personal conditions that prompt the creativity of individuals and teams in organizations. He has also conducted numerous studies on the effects of the design of work and work environments on employees’ effectiveness and psychological well-being. His research has appeared in many of the leading journals in the fields, including  Academy of Management Journal, Journal of Applied Psychology, Organizational Behavior Human Decision Processes, Administrative Science Quarterly and Journal of Management.

Human Resources MBA is an online education guide with resources to help aspiring HR professionals explore and choose the best human resources degree programs.


NOLA.Com: Mardi Gras contributed $465 million to economy

Wednesday, February 11th, 2015

nola.com

From NOLA.com, Feb. 9, 2014:

A new study on the economic value of the 2014 Mardi Gras season showed a total contribution to the New Orleans economy of $465 million, with a total of $17.5 million in tax revenues going to local government entities. The study, conducted by Tulane economics professor Toni Weiss with help from the Freeman Consulting Group, determined that the direct expenditures during the 2014 Mardi Gras season — accounting for things like hotels, food and alcohol, and krewe memberships — came to $164 million.

To read the article in its entirety, visit NOLA.com.

http://www.nola.com/business/index.ssf/2015/02/2014_mardi_gras_season_contrib.html


The Advocate: Entrepreneur puts muscle behind startups

Monday, February 9th, 2015

theAdvocateLogo

From The Advocate, Feb. 8, 2015:

Business writer Kathy Finn profiled John Elstrott, chairman of Whole Foods Market and former executive director of the Freeman School’s Levy-Rosenblum Institute for Entrepreneurship, in Sunday’s Advocate newspaper.

He has guided scores of young business students toward careers in business innovation, sometimes becoming an investor and board member in their startups.

That’s how Elstrott came to be involved in Dinner Lab, a member-based catering and events business that has quickly spread into 24 cities, where teams of highly trained chefs and wait staffs serve hundreds of guests at pop-up dinner parties hosted in unusual settings. Dinner Lab plans to enter the Baton Rouge market within the next few weeks.

Four of the company’s five founders were students of Elstrott at Tulane. “We approached John early on, and he joined our board and made the very first investment,” co-founder and CEO Brian Bordainick said.

To read the article in its entirety, visit TheAdvocate.com:

http://theadvocate.com/news/11523822-123/veteran-entrepreneur-puts-muscle-behind

 

 


Accounting Today: Prof seeks science behind accounting

Monday, January 26th, 2015

Accounting Today

From AccountingToday.com, Jan. 23, 2015

Accounting may be a profession mostly involving numbers, but for Lynn Hannan, a professor of accounting at the A. B. Freeman School of Business at Tulane University, factors such as psychology, sociology, and economics should also be a top priority.

“I was interested in how we can improve accounting to help people make better decisions,” she told Tulane’s website, focusing on the psychology behind employees and incentive systems.

To read the article in its entirety, visit AccountingToday.com:

http://www.accountingtoday.com/blogs/accounting-tomorrow/tulane-accounting-professor-seeks-the-science-behind-accounting-73407-1.html

 


Bloomberg Markets: Burkenroad Fund Tops Peers

Thursday, November 13th, 2014

bloomberg-markets

From Bloomberg Markets magazine, November 2014:

The fund takes its name from the Burkenroad Reports written by students at Tulane’s Freeman School of Business. Peter Ricchiuti founded the program in 1993 and named it after William Burkenroad Jr., a Tulane alum and donor. Each year, about 200 undergraduate and graduate students in Ricchiuti’s course fan out in teams across the South and spend a day with executives at about 40 publicly traded firms. The companies are often hungry for the attention, Ricchiuti says. “The further you are from Wall Street, the more you’re likely to find companies that nobody knows about. They don’t tend to get overpriced and overhyped.”

To read the article in its entirety, visit Bloomberg.com:

http://www.bloomberg.com/news/2014-11-13/burkenroad-fund-tops-peers-with-small-cap-stars-in-dixie.html


ValuePenguin.com: Tulane Accounting – Neil Huntsman

Thursday, November 6th, 2014

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ValuePenguin.com, a website that provides personal finance research and analysis, interviewed Master of Accounting student Neil Huntsman (MACCT ’15) for its “Future of Accountants” series.

“The environment at Tulane is perfect for professional education. I can already tell there has been a change in the way I think and process information. My classes are not basic accounting courses where a student learns to book specific entries. My classes stress analytical thinking and problem solving. The class size facilitates discussion with my peers and professors. It was strange to transition to a school where not only do all my professors know my name, but they want to know more about me. That level of personal engagement with professors is what I love most about Tulane.”

To read the interview in its entirety, visit ValuePenguin.com.

http://www.valuepenguin.com/2014/11/tulane-university-accounting-neil-huntsman


New Orleans Magazine: Family Legacies

Thursday, October 2nd, 2014

NewOrleansMagazine 150

Ira Solomon,  dean and Debra and Rick Rees Professor of Business, was interviewed for the October issue of New Orleans Magazine on the challenge of sustaining a family business over multiple generations.

Think it’s easy to keep a family business alive and well? Think again, says Dean Ira Solomon of Tulane’s A. B. Freeman School of Business. Only 40 percent of family-owned businesses in this country make it into the second generation, he says. And it gets more difficult as time goes by; just 13 percent make it into a third generation and a miniscule 3 percent are still family-owned by the fourth generation or beyond.

To read the article in its entirety, visit MyNewOrleans.com:

http://www.myneworleans.com/New-Orleans-Magazine/October-2014/Family-Legacies/


Freeman ranked fifth in nation for studying business abroad

Wednesday, July 16th, 2014

tulane

Business Research Guide, a website dedicated to technologies, products and services, and career and education options, has ranked the Freeman School No. 5 in the nation on its list of 30 Great U.S. Colleges for Studying Business Abroad.

With over 10 affiliate universities worldwide, students may choose to attend programs at the Leipzig School of Management, the University of Innsbruck in Austria, or Hong Kong University of Science and Technology. Through a joint venture with the National Taiwan University and schools in Mexico and Europe, Executive MBA students may travel abroad to study global business practices, history, and culture. Graduate students may pursue internships during the summer at multinational corporations in Asia, Latin America, and Europe.

The ranking was based on commitment to excellence in international business education, variety of study abroad options for full and part-time students, and focus on global exchange with educational institutions across the globe.

The Freeman School began offering study abroad options for students in 1988. Since then, study abroad has become a major component of the Freeman School’s international program, which encompasses student and faculty exchanges, study abroad opportunities, initiatives like Burkenroad Reports for Latin America and the Latin American Research Consortium, and joint venture degree programs with 35 partner institutions in 20 countries.

To see the list in its entirety, visit Business Research Guide.

 


CFO Magazine: Nothing If Not Critical

Thursday, July 10th, 2014

cfo

Ira Solomon, dean and Debra and Rick Rees Professor of Business, is quoted in the current issue of CFO Magazine on a proposal to require auditors to disclose “critical audit matters” in their reports. The article explains the Public Company Accounting Oversight Board’s rationale for the plan as well as reasons why many CFOs and audit firms are uncomfortable with it.

What are we signaling to the users of financial statements when the auditor has to say, ‘Well, I reached that conclusion, but boy, it was really tough’?” asks Solomon. “Does it tell you that you ought to be more uncertain about that? What is it that you want me to think about when I consider loaning money to the company or investing in it?

To read the article in its entirety, visit CFO.com:

http://ww2.cfo.com/auditing/2014/07/nothing-critical/

 



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