The George Washington University

School of Business: GWSB News

February 08, 2008

GWSB Receives Top Rankings in Financial Times and Beyond Grey Pinstripes

Financial Times

The Financial Times rated The George Washington University M.B.A. fifth in the world for its international programs. The M.B.A. program ranks 40th in the United States and 71st in the world in the Top-100, Global M.B.A. report. GW’s U.S. rank continues to improve — up from 43rd one year ago and 97th in 2005.

“The outstanding recognition of our international programs in this year’s report recognizes the progress we have made in developing a comprehensive, Global M.B.A. program, which prepares our students to do business in the worldwide economy of the 21st century," said Susan M. Phillips, dean of GW’s School of Business. “Our alumni are making great strides in the corporate world, fulfilling their dreams, testifying to and demonstrating the value of their GW experience. We strive to provide our students with a program that meets both their educational and career goals. The Financial Times ranking recognizes that we are meeting those goals.“

This year’s overall rankings placed The George Washington University School of Business ahead of such highly regarded institutions as Notre Dame, Vanderbilt University, University of Wisconsin, and Boston University. GW tied with the College of William and Mary, Boston College, and the University of Cape Town in the Global M.B.A. rankings.

To view the Financial Times Global M.B.A. Rankings 2008, visit

GWSB also ranks 13th worldwide and 11th in the U.S. in a listing of Top-100 Global M.B.A. programs by Beyond Grey Pinstripes. The ranking, released by The Aspen Institute’s Center for Business Education, measures a school’s ability to educate students on issues concerning social and environmental stewardship in an increasingly globalized business world. This is the sixth time the GW School of Business has been recognized in the Beyond Grey Pinstripes report.

For a full description of the report, its methodology, and individual M.B.A. program ratings, visit

Dean's Research Scholars

Dean's Research Scholars
From left to right: Patrick McHugh, Senay Agca, Meghana Ayyagari and Jorge Rivera.

Dean Phillips named four faculty members Dean’s Research Scholars. Senay Agca, assistant professor of finance; Meghana Ayyagari, assistant professor of international business; Patrick McHugh, associate professor of management; and Jorge Rivera, assistant professor strategic management and public policy, all received the award.

Each year, the Dean selects full-time faculty members to be Dean’s Research Scholars for two academic years. Research Scholars receive a Crain research stipend of $12,500 and reduced course loads so they may concentrate on research activities. Dean’s Research Scholars also receive an annual allowance of $2,500 to cover the expenses of data collection, conference travel, and other research-related costs.

Agca’s current research interests are corporate finance, fixed income security valuation, credit risk, and derivatives. She was awarded the J. Wendell and Louise Crain Research Fellowship in 2005. She will use her Dean’s Research Scholar grant to research credit derivatives, corporate governance, and investment decisions of international and US firms. Specifically, she plans to finish several ongoing projects, and initiate new studies examining – the impact of capital-market imperfections on international firms’ investment decisions, the pricing of collateralized-debt obligations, and corporate governance issues relating to credit risk.

Ayyagari conducts research in international corporate governance, with a specific focus on corporate governance the emerging markets of India and China. She is also examining the causes of corruption and tax evasion and their impact on business innovation in different countries. She was awarded a three-year research grant by the National Science Foundation to study the institutional determinants of property-rights protection across several countries. Ayyagari plans to use her Dean’s Research Scholar grant to support data collection to advance her work.

McHugh’s research focuses on employee participation/voice issues and the institutional characteristics that shape them. McHugh will pursue several new projects with his grant money, including: a study examining discrimination against union representatives in professional sports; research on employee voice among part-time professional employees; and a project to explore how job-applicant decision-making is affected by discriminatory employer practices under Title VII of the Civil Rights Act.

Rivera’s research concentrates on business and public policy relations in emerging-market countries. He is currently working on research that seeks to understand business responses to the creation and implementation of environmental and social protection policies. Rivera has also studied institutional pressures on corporate, environmental-protection strategies. This work evaluated whether participation in voluntary environmental programs affects business competitiveness. Rivera’s Dean’s Research Scholar award will finance travel and data-collection to further his work in this area.

GWSB Alum Inducted in the 2008 Sports Hall of Fame

Jerry Reinsdorf, B.A. ‘57, Chairman, Chicago Bulls and Chicago White Sox, and Dean Susan M. Phillips during the 2008 GWSB Sports Executive Hall of Fame induction ceremony on January 22. Reinsdorf along with David Falk, J.D. ‘75, Founder and CEO, F.A.M.E., and professional sports agent, were this year’s honorees.

AKPsi Back on Campus After 30-Year Break

Members of Beta Mu Chapter of Alpha Kappa Psi Professional Business Fraternity.

After an absence of more than three decades, GW welcomed back Alpha Kappa Psi (AKPsi), the world’s largest, and first, professional business fraternity. Forty-four members were inducted into the re-chartered Beta Mu Chapter on January 27. A celebratory banquet was held in the Marvin Center, which was attended by GWSB Dean Susan Phillips, Associate Dean Lawrence Singleton, and alumni from the Beta Mu chapter, including Bart Kogan, B.B.A.’69, M.A.’70, and Board of Advisors member (initiated in 1967).

AKPsi was founded in 1904 at New York University, and is currently the only international business fraternity. AKPsi is a co-ed fraternity which accepts all majors and levels of students at GW. To learn more about the fraternity, contact Chapter President Casey Pond at

Donor Recognition Wall Installed in Duquès

A special wall bearing the names of alumni, parents, faculty, and friends of GWSB, who contributed to the School’s building campaign was unveiled recently in the foyer of Duquès Hall. GWSB hopes the donor wall will commemorate past contributions and allow room for growth as the School works towards its mission of becoming a preeminent business school.

Duquès Hall, dedicated on February 10, 2006 represented one of GW’s most successful building campaigns. Central to its success was the generosity of GW trustee Ric Duquès, B.B.A. ’65, M.B.A. ’69 and his wife Dawn Duquès, B.A. ’68, who donated $5 million for the building that bears their name.

To find out how you can contribute to the GWSB Building Fund, please call, 202-994-8157.

Defibrillators Installed in Duquès

GW is installing 135 additional automatic external defibrillators (AED) in highly trafficked buildings on campus, including Duquès Hall. The new university-wide program will allow immediate care to be provided to victims of sudden cardiac arrest.

The devices are used to “shock” the heart back into normal rhythm following sudden cardiac arrest. AEDs are designed to be easy to use and don’t require extensive training. However, orientation and training will be provided to interested GWSB faculty and staff.

Each AED unit will be inspected monthly and will contain items such as non-latex protective gloves, cardiopulmonary resuscitation ( CPR ) face masks, and extra batteries for the device.

GW expects to complete installation of all the devices campus-wide by March 2008. Following the installation of the new devices, GW will have a total of 165 units in place. The defibrillators are currently located on the first and sixth floors of Duquès.

If you’re interested in AED training, email Mary Chang at

GWSB and Michigan State Co-Host Technology Event on Foggy Bottom Campus

The Business School along with Michigan State University (MSU) co-hosted an international forum about online education on Friday, January 25th. Attendees included a delegation of 30 Chinese executives participating in an MSU program called China Education Association for International Exchange.

The delegation learned about how GWSB and the Masters of Science in Project Management (M.S.P.M.) program incorporate various technology to enhance online education. The event included presentations about distance/online learning and higher education, and the utilization of new technologies such as google apps, blogs, and second life to facilitate collaboration and learning. Attendees also participated in a presentation on GW’s “iTunes U” page, which allows students to download lectures, films, and class-related material to their personal computers, iPods, and MP3 players.

“This is an exciting opportunity for the MSPM program and the School of Business to be recognized as leaders in technology innovation within education,” said Phyllis Tutora, GWSB M.S.P.M director.

Team Rows for a Cause

Members of the GW Men’s Rowing Team in front of Duquès Hall on January 31. The Men’s and Women’s Rowing Teams planned to row 2-million meters to raise funds for Habitat for Humanity, a non-profit housing organization.

Getting to Know: Jorge Rivera

Jorge Rivera

Title: Assistant Professor of Strategic Management and Public Policy

Job Duties: Research and teaching.

Years at GW: Four

Best part of working for the GWSB: The interaction with brilliant staff and colleagues.

Favorite place on campus: The ice cream shop above Bertuccis Restaurant.

What co-workers don’t know about me: I love the opera and mountain biking.

Family: My beloved and beautiful wife Jennifer, and Wolfie, the greatest dog on earth.

Favorite things to do on the weekends: Hike, bike, read the Sunday paper, and eat Indian/Italian food.

Favorite vacation spots: Colorado mountains, Tuscany, and Costa Rica.

Venture Capital / Angel Investing Mini-Workshop

GWSB, the GW School of Engineering and Applied Science, and the Council of Entrepreneurial Transfer and Commercialization will host a mini-work shop on Angel Investing and start-up companies. The workshops will be led by active Angel investors, serial entrepreneurs, regional venture capitalists, and private equity experts. Area start-up companies will make presentations about their new businesses.

Thursday, February 21, 2008
3:00 p.m. - 9:00 p.m. (workshops, presentations and reception)
Elliott School of International Affairs; 1957 E Street, N.W.
Cost: $450 (complimentary for GW alumni and members of the GW community)
R.S.V.P. by February 15 to Helen Wirka at 202-994-8157

LiquidMaize Founder to Speak at Business School

Daron Coates, one of the founders of LiquidMaize, LLC will speak to the GW community on Friday, February 15, 2008.

The founders of LiquidMaize, an ethanol-producing company, met more than a decade ago in the Executive M.B.A. Program at GW.

LiquidMaize is an ethanol development and management company, that develops, builds, owns, and operates ethanol-producing plants within existing cattle feed-yards and dairy operations.

Coates will speak on Friday, February 15 at 11:00 a.m. in Duquès Hall, Suite 552; 2201 G Street, NW. Space is limited so please register with Sarah Reeves at


Salah Hassan, professor and chair of marketing, led an executive briefing on brand management at the Smithsonian Institution on January 28, 2008. His presentation was entitled “Strategic Brand Management.” Hassan addressed four key issues:

  • How to develop powerful brand-value proposition?
  • How to develop brand strategy?
  • How to manage brand portfolios?
  • How to leverage brand performance across market segments?

Frederick Lindahl, associate professor of accountancy, participated in the Ross Roundtable at New York University in November 2007, the Roundtable topic was, “International Accounting Standards: The Rush to Convergence-But?" Participants included Robert Herz, the chairman of the Financial Accounting Standards Board; Charles Niemeier, board member of the Public Companies Accounting Oversight Board; and representatives from Lehman Bros., Bear Stearns, Standard & Poor’s, KPMG and others. The subject referred to the imminent decision of the Securities and Exchange Commission to relax financial reporting requirements for foreign companies listed on U.S. exchanges.


Krishna R. Kumar, professor of accountancy had his paper, “The value-relevance of cash flows and accruals: The role of investment opportunities,” accepted for publication by The Accounting Review. The paper is co-authored with Gopal V. Krishnan of George Mason University.

Getting Ink

Richard G. Donnelly, chair and associate professor of information systems and technology management, was quoted in the Washington Post article, “Area Schools Heed Science Industry’s Warning.” The article was about metro Washington universities preparing more people for science and technology careers. “This has national implications for leveraging our academic resources and our professional talent to deliver economic health for the nation," said Donnelly. GW is one of eight schools in the area that offer a two-year professional science master’s degree (P.S.M.). Donnelly is co-director of the University’s P.S.M. program. (1/27)

GW was mentioned in the article, “The World’s Most Expensive Universities.” The article highlighted the colleges throughout the world with the highest price tags. The top five were located in the United States. “According to The Chronicle of Higher Education, the most expensive four-year university in the U.S. (and most likely the world) is Washington, D.C.’s George Washington University, with a price tag of $39,240 in 2007-2008.” (1/21)

GW’s Executive Hall of Fame induction ceremony was highlighted on the Sports Business Journal page, “Faces & Places.” (1/28)

Kristin Lamoureux, director of the International Institute of Tourism Studies, was invited recently to discuss the growing trend of volunteer tourism on the “Travel’n On” radio show. “Travel’n On” highlights travel news and information. The show airs on Saturday mornings and is syndicated through

Class Notes

Daphne L. Clarke, B.B.A., ’96, published Finding Peace Through Faith, a non-fiction, motivational book. She also recently returned from Trelawny, Jamaica, where her non-profit organization, El Gibhor Restoration Ministries (EGRMI), built a children’s resource center. Clarke has also been tutoring Jamaican children, from the Crawle/Duncans community, where she was born and raised.

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