Posts Tagged ‘Sheri Tice’
Tuesday, March 10th, 2015
One of the top priorities identified in the Freeman School’s 2013 strategic plan was the need to investigate the potential revitalization of the school’s dormant PhD programs. This summer, Freeman takes a big step toward realizing that goal by re-launching a PhD program in finance and financial accounting with the first major update to the program since Hurricane Katrina.
Professor of Finance Sheri Tice says the re-launched PhD program will help enhance research and improve the school’s academic reputation.
“It’s very exciting,” says Sheri Tice, A. B. Freeman Chair of Finance, who led the faculty committee charged with developing the new curriculum. “The PhD program enhances research, it keeps the faculty focused on what’s current, and it gets our name out there.”
“The Freeman School has enjoyed an outstanding reputation in finance for nearly 50 years,” adds Freeman School Dean Ira Solomon. “With the curriculum and student-support package that the faculty and school have put together for this program, I feel confident that our reputation for excellence will continue to grow.”
Prior to Hurricane Katrina, the Freeman School’s PhD program differentiated itself by educating PhD candidates to conduct empirical research in both finance and financial accounting. Graduates of the program emerged with a unique skill set that enabled them to join either accounting or finance departments, giving them greater flexibility in a fast-changing job market. Many went on to earn tenure at leading business schools, including the University of Minnesota, the University of Rochester, Southern Methodist University and the University of Illinois at Urbana-Champaign.
In the wake of the storm and the university’s subsequent restructuring, the Freeman School was forced to downsize the program and eliminate the financial accounting component. Since 2011, no new students have been admitted to the program.
Recently, however, the situation has changed. With the Freeman School’s faculty recruiting initiative growing the size of the tenure-system accounting faculty and with Tulane’s economics department once again offering doctoral-level courses, the time became right to revisit the PhD program.
“We started from scratch,” Tice says. “We didn’t really look at what we had done prior to Katrina. We thought, ‘What do we have to do to do a good job today?’”
“We wanted, number one, to create a high-quality program that would make an impact on the field and produce high-quality graduates,” adds Ted Fee, Morton A. Aldrich Professor of Business and finance area coordinator.
Ted Fee, professor of finance and finance area coordinator, says the PhD program’s combination of finance and financial accounting gives graduates a competitive edge in the job market.
Fee says he and his colleagues quickly recognized the importance of leveraging the faculty’s expertise in empirical research as well as the pre-Katrina program’s unique mix of finance and financial accounting.
“That combination of finance and financial accounting is very rare,” says Fee. “We’re one of the few places that are doing it, so I think that together with the empirical focus really builds on our strengths.”
After collecting extensive benchmarking data from peer and aspirant programs, the faculty recommended substantial increases to stipends and fellowships to help attract the best candidates. They also changed the way students complete the program. PhD students are now required to complete an econometrics comprehensive exam instead of a microeconomics exam, and they’re also required to teach more classes and serve as teaching assistants and research assistants.
“It’s becoming more and more important that PhD students demonstrate that they’re good teachers to get a job,” Tice says. “We’re trying to set them up for success, and we think you need to do these things in order to be successful.”
And producing successful PhD graduates, Fee says, will benefit Freeman for years to come.
“Having a high-profile PhD program is something that is noticed within the academic community, so it helps to enhance our reputation, and it’s also something that can help professors at other schools recommend Tulane to their students who are applying to master’s programs,” Fee says. “So for a number of reasons, I think this program will be a huge asset to the Freeman School.”
For more information about the finance PhD program, visit freemanphd.tulane.edu.
Tuesday, October 7th, 2014
At the September meeting of the Freeman School faculty, Dean Ira Solomon announced the recipients of five awards honoring professors for outstanding teaching, research and service.
The Dean’s Excellence in Teaching Award was established in 2012 to recognize faculty members who are outstanding instructors and whose teaching aligns with the strategic objectives of the school. The award – which is presented at both the graduate and undergraduate levels – is based on several criteria, including student evaluations, the level to which the faculty member integrates academic research into his or her teaching, and the extent to which the course provides high-impact experiential learning opportunities for students.
This year’s winner of the Dean’s Excellence in Teaching Award for Graduate Education is Geoffrey Parker. Parker, the Norman Mayer Professor of Business and professor of management science, joined the Freeman School in 1998 and was promoted to full professor in 2011. He is co-developer of the economic theory of two-sided networks, and his research explores the economics of and strategy of platform markets. In the classroom, Parker teaches Process Modeling and Technology Integration, Modeling and Analytics, and Platform Strategy, a course based in large part on his own research. He currently serves as research director of the Tulane Energy Institute and is a research fellow at the MIT Center for Digital Business and president of the Industry Studies Association.
The Dean’s Excellence in Teaching Award for Undergraduate Education was presented to Kris Hoang. An assistant professor of accounting, Hoang joined the Freeman School in 2012 after earning her PhD from the University of Alberta. Her research focuses on judgment and decision-making in corporate governance and audit settings, and her teaching emphasizes the role of accounting information in management decision-making and strategy. The Dean’s Excellence in Teaching Award is Hoang’s third teaching award this year. In the spring, Hoang received both the FSG Teaching Award, presented by the Freeman Student Government Executive Board, and the BSM Howard W. Wissner Award, selected by a vote of the undergraduate student body.
Established in 2012, the Dean’s Excellence in Intellectual Contribution Award was created to honor professors of practice and lecturers who have produced outstanding scholarly contributions. This year’s award went to Peter Ricchiuti. The William B. Burkenroad Jr. Professor of Practice in Finance, Ricchiuti began teaching at the Freeman School in 1986 and has served the school in variety of roles, including assistant dean and director of the Career Management Center. In 1993, he founded Burkenroad Reports, a student equities research program that has earned national accolades and helped place hundreds of students in finance positions. In 2014, Ricchiuti published his first book, Stocks Under Rocks: How To Uncover Overlooked, Profitable Market Opportunities (FT Press), an investing guide based on lessons he’s learned over the years as director of Burkenroad Reports.
Dean Solomon also announced a new award at the meeting. The Dean’s Award for Faculty Excellence was established to honor faculty members for outstanding overall performance. The award, presented each year at the discretion of the dean, recognizes professors who have exhibited sustained, exceptional performance in teaching, research and service. The inaugural recipients of the award are Michael Burke and Sheri Tice.
Burke, the Lawrence Martin Chair in Business and professor of management, joined the Freeman School in 1991 and holds an adjunct appointment in the Department of Environmental Health Sciences in Tulane’s School of Public Health and Tropical Medicine. One of the nation’s leading experts on worker safety training, Burke’s research focuses on learning and the efficacy of workplace safety and health interventions as well as the meaning of employee perceptions of work environment characteristics (psychological and organizational climate) and statistical procedures for assessing inter-rater agreement. Burke has chaired 34 dissertation committees and served as a member on an additional 51 committees at the Freeman School, the School of Public Health and Tropical Medicine, and the Department of Psychology. He also recently completed a term as chair of Tulane University’s Social Behavioral Institutional Review Board as is now serving as Management Area Coordinator at the Freeman School.
Tice, the A. B. Freeman Chair of Business and professor of finance, joined the Freeman School in 1998 and was promoted to full professor in 2010. Her research focuses on corporate finance and the effect of firm characteristics on the decisions and performance of firms and their competitors. In the classroom, Tice supervises and teaches the Darwin Fenner Student Managed Fund course, an honors seminar in which students at both the undergraduate and graduate levels read current scholarly research on value investing and manage three portfolios totaling over $3.8 million in Freeman School endowment funds. Tice also serves as faculty director of the Master of Finance program and recently concluded a term as Finance Area Coordinator.
“One of the joys of serving as dean is the ability to recognize excellence in one’s colleagues, and these five faculty members clearly deserve recognition,” said Dean Solomon. “I would be remiss, however, if I failed to note that selecting these individuals was anything but easy because excellence resides broadly within the Freeman School faculty.”
Friday, October 25th, 2013
A legal studies instructor who sends her students into New Orleans courtrooms to help improve the city’s criminal justice system and a finance professor whose students are actively managing more than $3 million in Tulane University endowment funds are the first recipients of a new award that recognizes the best in teaching at the A. B. Freeman School of Business.
Sanda Groome, professor of practice in business and legal studies, received the first Teaching Excellence Award for Undergraduate Education, while Sheri Tice, professor of finance, received the first Teaching Excellence Award for Graduate Education. Dean Ira Solomon announced the awards, which include a $5,000 cash prize, at a faculty meeting in September.
“This was not an easy decision,” Solomon says. “[Senior Associate Dean] Paul Spindt and our six area coordinators submitted more than a dozen nominees, and each one deserved commendation for outstanding teaching. Ultimately, Sanda and Sheri stood out, and they stood out in large part for their efforts on behalf of Court Watch NOLA and the Darwin Fenner Fund, two unique, high-value experiential learning projects.”
Groome began teaching at the Freeman School in 2006, and in 2008, she joined the full-time faculty as a professor of practice. In 2009, she began a collaboration with Court Watch NOLA, a not-for-profit that monitors judges and reports on the efficiency of the New Orleans criminal justice system. As part of Groome’s Legal Studies service learning course, students go to court and take notes on how judges preside over criminal trials. Those notes are then incorporated into Court Watch reports, which serve as a valuable resource for voters during elections.
“Court Watch isn’t pro-state or pro-defense or even pro-court,” says Groome. “We just observe what’s going on. If you see that a judge has canceled court on many days or if he or she is always late, that will come out in the report.”
Besides helping to promote transparency and accountability in the criminal justice system, Groome says the program offers students valuable insights about the judicial system.
“Most student have never been in a courtroom before,” says Groome. “What they’re expecting is what they’ve seen on TV and in movies, and they quickly learn that it’s not really like that. I think it gives them a much better idea of the criminal court system, and it also shows them how the system affects not just the person on trial, but the victim, the families and the community.”
Tice joined the Freeman School in 1998, and has served as the A. B. Freeman Chair of Finance since 2011. In 2002, she took over the directorship of a dormant student investment fund and made it the centerpiece of an invitation-only honors seminar. Students in the Darwin Fenner Student Managed Fund course read current academic papers and use that research to develop models to screen sectors and identify mispriced stocks. At the end of the semester, students vote on which stocks in the $3 million fund to buy, hold and sell.
“I’m not a big believer in just standing up and lecturing whatever they can read in a textbook,” Tice says. “Instead, we discuss assigned academic research papers in class, and then the students apply what they’ve learned using real money and real stocks.”
Tice, seated in the center, with the Darwin Fenner Fund’s 2013 MFIN class.
Based on the fund’s performance, that approach seems to be working. Since 2002, the undergraduate-managed large-cap portfolio has beaten the market by 1.3 percent per year while the mid-cap portfolio, managed by MBA and MFIN students, has outperformed the market by 1.67 percent per year, both without taking on any additional risk using traditional risk measures. The program has been so successful that a small-cap portfolio was spun off this year to enable more students to take the class.
While a number of other schools have student-managed funds, Tice says the Darwin Fenner Fund is unique for involving both undergraduates and graduate students and for its emphasis on leading-edge research.
“To me, a great professor is someone who is able to bring research alive in the classroom,” Tice says. “I think that’s where the experiential learning component helps. Students struggle with reading the research papers, but when you tell them they have to invest a large amount of money and understanding these papers is going to enable them to be at the cutting edge and compete against the smartest people on Wall Street, it gives them an extra incentive and they learn the material.”
The Teaching Excellence Award is an outgrowth of the Freeman School’s recent strategic planning process. A faculty task force recommended consolidating the school’s various teaching recognitions into two awards—one each at the undergraduate and graduate levels—that recognize faculty members who are excellent educators and whose teaching aligns with the school’s strategic objectives.
Under the newly established system, area coordinators nominate faculty members within their respective areas, and those nominations are then supplemented with recommendations from the senior associate dean. Among the criteria to be considered are student evaluations, the extent to which the faculty member integrates academic research into his or her teaching, and whether the course provides high-impact experiential learning opportunities for students.
“Teaching is one of the most important activities in which we engage at the Freeman School, so it’s important for us to acknowledge and formally honor outstanding classroom instruction,” says Solomon. “Sanda and Sheri are true exemplars of teaching excellence, so I’m happy to be able to recognize and honor them as the first recipients of this award.”
Wednesday, October 24th, 2012
Bloomberg is the world’s leading provider of news, data and analytics for finance professionals. Now, thanks to a new agreement, the Freeman School is making the company’s flagship desktop product — the Bloomberg Professional service — fully available to students.
In August, the Freeman School unveiled a new lab dedicated exclusively to the Bloomberg Professional service, the world’s leading financial news, data and analytics platform.
This summer, the Freeman School acquired 12 new subscriptions to the service, enabling the creation of a new computer lab dedicated exclusively to Bloomberg. The lab, located on the first floor of Goldring/Woldenberg Hall I, provides students with 24-hour access to real-time and historical data on commodities, derivatives, equities, fixed income and foreign exchange securities.
“Bloomberg offers users a staggering array of financial tools and information,” says Ira Solomon, dean of the Freeman School, who worked closely with faculty, staff and representatives from Bloomberg to make the lab a reality. “By making those tools and information available to students, we hope to enhance their understanding of key concepts and reinforce the theories they’re learning in the classroom.”
While the Freeman School’s Turchin Library has offered students limited access to the Bloomberg Professional service for a number of years, the new lab allows faculty members to fully leverage the power of Bloomberg in the classroom, enabling projects that let students apply conceptual knowledge to real-world examples.
Sheri Tice, for example, who teaches the Freeman School’s Darwin Fenner Fund course, is having her students use Bloomberg to run a host of sophisticated analyses on the fund, a $2.6 million stock portfolio managed entirely by the students.
“There are a bunch of portfolio analysis tools that are only available on Bloomberg,” says Tice, the A. B. Freeman Endowed Chair in Finance. “I can ask the students to determine if portfolio outperformance comes from taking on risk or represents abnormal performance, or I can ask them if outperformance comes from superior company-selection ability or industry-selection ability. The tools they need to answer those questions are only available on Bloomberg.”
David Lesmond, associate professor of finance, is having his Master of Finance students conduct a financial analysis of a firm, including forecasting what the company’s earnings are likely to be at the end of the semester.
“They’re using Bloomberg for almost everything,” says Lesmond. “As opposed to simply doing a problem at the back of a textbook, they’re using actual data to determine characteristics that we’d otherwise just talk about. It makes the lessons learned a lot more real.”
With the opening of the new lab, Freeman students now have access to the two leading financial data products on the market: the Bloomberg Professional service and Thomson Reuters Eikon, which is installed on work stations in the Freeman School’s Trading Center. According to Lesmond, that gives students a tremendous advantage.
“Every desk that does financial analysis is either going to have a Reuters terminal or a Bloomberg application,” Lesmond says. “By giving our students that experience while they’re still in school, they’re going to be able to step into those environments seamlessly and start contributing from day one.”
Friday, May 15th, 2009
Associated Press business writer Alan Sayre sat in on the final class of the semester for the Darwin S. Fenner Student Managed Fund and wrote this article about the course, in which students manage a $1 million endowment fund with the goal of outperforming the S&P 500. Since Associate Professor of Finance Sheri Tice took over the program in 2002, students have consistently managed to achieve that goal.