Day: October 11, 2011

Dot Proux Presents on Workplace Professionalism

Dot Proux
Dot Proux '86 visits campus to meet with students and present to the community.

Michigan Tech’s School of Business and Economics will host alumnus Dorthoy (Dot) Proux ’86 on October 17 and 18 as part of the Scott Pattullo Visiting Executive Speaker Series. Proux will be the second speaker invited to campus this year following John Rockwell’s visit. The series is designed to give students access to influential alumni in business and engineering fields.

Dot will present to the community on Monday, October 17th in MUB Ballroom A from 6 – 7:30 pm her presentation titled, “Making an impact in your first professional position: Keys to maximizing your personal brand and securing career opportunities in a globally diverse workplace.”

Dot Proux Biography

Dot is a partner in Ernst & Young’s National Tax practice, and is based in Chicago.  She is currently the Americas Director for EYU Tax and Resource Management, overseeing the learning, development, and deployment of tax professionals in North America, South America, and Israel.  In this role, she is also involved in the development of Ernst & Young’s tax campus recruiting strategy and the successful integration of new staff into the firm. In the past, she led Ernst & Young’s Midwest State and Local Tax practice, and continues to serve Fortune 500 companies related to their state and local tax service needs.

Dot is also Ernst & Young’s Midwest Sub-Area Gender Equity Leader and a member of the Americas Inclusiveness Advisory Committee.  In that capacity, she has facilitated several panel discussions across the Midwest related to diversity and inclusion in the workplace, as well as generational diversity and the challenges and opportunities presented by the influx of younger (“Generation Y”) professionals into the work world over the last three to five years.

Dot is a member of the Illinois CPA Society, and the American Institute of Certified Public Accountants.

Dot is a certified public accountant licensed in the State of Michigan and the State of Illinois. She earned her bachelors degree in 1986 from Michigan Technological University.

Biography provided by Ernst & Young LLP


New Faculty Research Presentations

The School of Business and Economics research committee has organized a time to hear from our newest faculty members. Three assistant professors: Joshua Filzen, Saurav Pathak, and Liang Song, will present a synopsis of their current research on October 18th, 2011, from 4:00 to 5:30 pm on Chem Sci 108. There will be time for questions and answers and the last half hour will be devoted for networking with our new colleagues.

Topics

Joshua Filzen
My current research examines the interaction of disclosure and firm properties, such as future firm performance, ability to meet earnings benchmarks, earnings management, and valuation.  I am currently studying qualitative characteristics of corporate disclosure, utilizing the Python programming language to extract and measure disclosure in periodic reports.  I plan to briefly discuss three projects I am working on, in various stages of development, related to this topic.

Saurav Pathak
My research underlines the mechanism of interaction between context and individual’s entrepreneurial behaviors. It thus recognizes the multi-level nature of entrepreneurship and employs multi-level methodological treatment to data available on individual’s entrepreneurial actions and on the focal entrepreneur’s context. The research accounts for the variance that exists in individuals’ propensity to engage in entrepreneurship across cultures, social reference groups, organizations, etc. My research findings present a socialized view of the entrepreneurial process and suggest that context not only exercises regulatory influences on individuals’ propensity to enter into entrepreneurship but also on their persistence in it and on entrepreneurial growth aspirations.

Liang Song
Real versus Accrual-Based Earnings Management and the Market for Corporate Control
In this paper, we use the passage of state antitakeover laws in the U.S. as a source of an exogenous variation in the market for corporate control in order to identify the preferences of the entrenched manager in employing real and accrual-based earnings management. We find that total earnings management activities, measured by firms’ probability of conducting either accrual-based or real earnings management activities, declined following the passage of antitakeover laws. This implies that entrenched managers are more likely to enjoy a quiet life to fulfill their own interest. In addition, managers switched from accrual-based earnings management activities to earnings management by real activities. This suggests that entrenched managers care less about the severe economic consequences after applying real earnings management while taking advantage of its less likelihood to be detected. Finally, reduced firm performance after the passage of antitakeover laws is attributed to greater real earnings management activities than accrual-based earnings management.


New LSGI Trading Room Dedicated

“A great program finally has an appropriate and wonderful home,” said Darrell Radson, dean of the School of Business and Economics. He was talking about the new LSGI Trading Room, which was dedicated Oct. 7. It will house the Applied Portfolio Management Program (APMP), and was made possible by the generosity of Joe ’76 and Vickey Dancy. Joe is president of LSGI Advisors Inc., a venture fund organization.

APMP, mostly comprised of finance majors, is the School’s long-time success story: winning three national competitions in just over a decade while allowing students to invest more than $1 million of real money in the stock market.

For Joe Dancy, the choice was easy.

“The unique thing about APMP is that the students have more responsibilities and decision-making than other similar programs,” he said. “They go to the national competitions and do so well against many other teams. The students are making all the decisions, and I love the diversity. We’ve had students from different countries, female members, and there have been volleyball, hockey, basketball, and football players.”

One such football player this year is Pat Carroll, wide receiver for the Huskies.

“The room is awesome,” he says. “We are lucky to have this place and get this great experience.”

Carroll transferred from Purdue because they didn’t have an APMP program. Besides being at the dedication, he had been busy prepping for his first Advisory Board meeting with Dancy and others later Thursday night.

“We have to pitch our idea,” he says. “We have to say why they should trust us with this money to manage, just like real life. We have to justify our strategy.” (“It was a little nerve-racking,” Carroll said the next day. “But we did pretty well and received a whole bunch of great criticism from the board members.”)

So, what’s new with the new room?

“The addition of Bloomberg TV gives our students the same advantages as industry professionals,” says Dean Johnson, associate professor of finance and the founder and advisor to APMP. “We are the only educational institution in the UP with these improved trading capabilities. In addition to investing, students can also use its job line. It is a job-matching feature on a private line.”

Johnson said the students also appreciate the bright, window-walled room, which features more space, privacy and elbow room.

Student Anne Dancy (Joe and Vickey’s daughter and APMP member) especially appreciates the increase in space.

“We’ll be able to do more teamwork and use all our resources to become even more successful,” she said.

By Dennis Walikainen, senior editor. Posted in Tech Today on October 10, 2011.