Tag: saurav pathak

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.


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.

Rick and Jo Berquist Endow a Professorship in Entrepreneurship and Innovation

“I put my money where my mouth is, and we get a great deal of satisfaction by doing this.” —Rick Berquist

Rick Berquist has been associated with four universities in his life: He studied at Michigan State, the Colorado School of Mines, and Georgia Tech; and he has been a leader at Michigan Tech for twenty years.

“I learned more at Michigan Tech than the other three universities combined,” he says now. “I work with a lot of good people making good decisions. Being associated with people of that caliber has been rewarding.” And, although he’s not a business alum, the chemical engineering major says he gained his business acumen through the school of hard knocks.

Berquist served more than ten years on the Michigan Tech Board of Control and another ten years as a trustee of the Michigan Tech Fund. “I developed a taste for Michigan Tech,” he says. “It has become very special.”

One of the things he learned at Tech was fundraising. “I learned that anytime you lead a fundraising effort, you give mightily.” He says that with both conviction and a chuckle.

That realization led Berquist and his wife, Joan (Jo), to establish an endowed professorship in the School of Business and Economics with a $1 million estate gift and to fund the position during their lifetimes with annual giving. “I put my money where my mouth is,” he says, “and we get a great deal of satisfaction by doing this.”

They support the School of Business and Economics because it’s Berquist’s belief that engineers need to be well versed in technical issues and business skills. “Engineers need to get businesses going,” Berquist avows. “They need to bring forth products and services that help the country. Also, Michigan Tech does a great job of promoting teamwork, and that’s a big part of any success—create teams that make things happen.”

“This is a major gift in our School—not simply in the amount donated, but in the impact this endowment will have on our academic programs and our research,” says Dean Darrell Radson. “This gift will help us continue our mission to integrate the experience-based learning that will develop leaders in global business and innovation.”

Berquist says he emulates his father, who was a businessman known for his persistence and his product. “He pushed forward and established something for the good of the people. That’s important. You need them as customers.” His father started a propane distribution service in Carney, Michigan, in 1945, and he grew the business into home heating and propane transportation. Rick worked for his father and learned about entrepreneurship from him.

The Berquist professorship will also help the School build a core team of faculty in the areas of entrepreneurship, innovation, and business strategy. The professor will also be directly involved in teaching entrepreneurship classes and advising the Business Development Experience, where business students write and present business plans for new technologies being developed in engineering Senior Design courses and the Enterprise program. Saurav Pathak has been announced as the new Berquist professor.

This article was originally published in Impact, the Michigan Tech School of Business and Economics magazine.