Iftekhar Hasan – Fordham Now https://now.fordham.edu The official news site for Fordham University. Tue, 19 Nov 2024 18:29:07 +0000 en-US hourly 1 https://now.fordham.edu/wp-content/uploads/2015/01/favicon.png Iftekhar Hasan – Fordham Now https://now.fordham.edu 32 32 232360065 ‘Hope in a Fractured World’: Shaping the Leaders of Tomorrow https://now.fordham.edu/university-news/hope-in-a-fractured-world-shaping-the-leaders-of-tomorrow/ Wed, 12 Oct 2022 20:09:46 +0000 https://news.fordham.sitecare.pro/?p=164872 Photos by Bruce GilbertA world faced with many challenges—climate change, polarization, misinformation, and inequities—needs leaders who are hopeful yet realistic, who are filled with cultural and ethical humility, and who put the Jesuit values of “walking with the excluded” and giving voice to the voiceless into practice. Those were just a few of the traits panelists at “Fordham: Hope in a Fractured World” suggested the University can instill in its students in order make a difference in increasingly difficult times.

Anne Williams-Isom, FCLC ’86, the deputy mayor for health and human services in New York City and the James R. Dumpson Chair in Child Welfare Studies at Fordham’s Graduate School of Social Service, served as the moderator of the panel, which featured Celia Fisher, Ph.D., the Marie Ward Doty University Chair in Ethics and founding director of Fordham’s Center for Ethics Education; Rev. Bryan N. Massingale, S.T.D., the James and Nancy Buckman Chair in Applied Christian Ethics at Fordham; and Professor Iftekhar Hasan, the E. Gerald Corrigan Chair in International Business and Finance at the Gabelli School of Business.

The panel, held on Oct. 11 at Fordham’s Lincoln Center campus, was a part of a weeklong series of events celebrating the inauguration of President Tania Tetlow as the 33rd president of Fordham. Tetlow, who gave the closing remarks at the event, said that discussions like this were part of why she decided to come to Fordham.

“Fordham has this incredible chance to matter; the reason I came here is because as the world feels like it’s coming apart at the seams, I wanted to be at the place that could make the most difference—not because we’re going to solve every world problem,” she said. “But because we are going to try.”

‘Hope Is Not Fantasy’

One of the biggest ways Fordham can address today’s challenges and inspire students to work on those challenges is by not ignoring “the bad stuff,” Massingale said.

“I think that we can move too easily to hope without looking at the bad stuff,” he said, highlighting that while issues such as ecological irresponsibility, attacks on voting rights, racism, anti-Semitism, and anti-Asian hate have been around for a while, they’ve come racing back to the forefront in recent years.

Iftekhar Hasan

“We’ve got to talk about the bad stuff, otherwise hope becomes escapism and fantasy, and hope is not fantasy,” he said. “I’m looking at all of these things—I think we have to be honest and ask ourselves, ‘How are we creating a student who’s able to take their place as a global citizen in the face of those challenges?’”

Hasan said that for students to become engaged with the global society, they have to learn how to weed out “the noise” that gets thrown at them on social media from important, factual information.

“The world has changed in such a way that the information that comes to the students—it used to be traditional newspapers, TV, and radio—and now it comes from the big technology, social media,” he said. “In a social sense, they need to prepare to sort between the noise and what is fact.”

Teaching Soft and Hard Skills

Anne Williams-Isom

Williams-Isom said that she recalled a time when she was working as the executive officer of the anti-poverty organization Harlem Children’s Zone, and felt that the hard skills she brought to the job weren’t enough to address the challenges of poverty her organization was trying to solve.

“I have all these [skills]—I have a law degree—and I was like ‘I need something else,’” she said, adding that she decided to get a doctorate in ministry to help with the spirit and “soul part” of her job. “I felt like I had these hard skills, but if I didn’t have the ability to see some hope in a healing, radical love kind of way, I wasn’t really going to be prepared to do this work.”

Massingale said that Fordham has an opportunity to provide students with those “softer skills,” like critical reasoning and a desire to help those in need, that can help them face difficult situations.

Celia Fisher

“I think all too often we kind of apologize for a liberal education, saying that it’s not practical,” he said. “And what you just said is ‘yes, we can give skills, but skills are going to become outdated.’ What we need is something more—what’s going to keep you in this fight, especially when you don’t see how your skills are making any practical difference.”

Fisher said that one of the things that she tries to teach her students is “cultural and ethical humility.”

“How are we giving students that kind of tool?” said Fisher, whose Center for Ethics Education oversees Fordham’s master’s program in ethics and society. “As part of the Jesuit tradition, it’s an openness to others, as well as a desire and a need and understanding of self-reflection of our own biases, but also understanding that we cannot help people if we do not understand the social, political life that they’re living in.”

Fisher gave an example of students doing research and how they “can’t just be studying the individual, they have to be looking at the context in which the individual is engaged.”

Continued Growth and Improvement

Massingale said that the Jesuit values and ways of teaching, such as those that Fisher used to describe her students’ research, could be even more emphasized at Fordham.

“I think where we could do better is to think of something like the Jesuit universal apostolic preferences, where it talks about walking with the excluded, where it talks about walking with youth to give them a hope-filled future,” he said.

The panelists also called on the University to make sure it was continuously working to improve and address when “the fractured world” and its problems appear on campus, which was something that Tetlow reflected on in her closing remarks.

“I love the challenge to us, as an institution, to model our values and how we make those difficult choices…of how we collectively decide what kind of community we create and all the ways that we often fail in that regard, but forever strive to do better,” she said.

Bryan Massingale

Learning From the Students

One way the University can make sure it does that is by listening to and learning from its students, Tetlow said.

Tania Tetlow

“How we are willing to teach our students to question assumptions and challenge authority, knowing that they will turn that on us, and to be proud of them when they do it—even if it takes a minute,” she said.

Fisher said that this is something she’s taken to heart in her years of teaching.

“It’s very important that … we as professors indicate that we are open to learn, that we recognize that our life experience is not your life experience. What can you tell me? How can I help you? How can I connect you to others, whether it’s inside the University or outside, who can give you more than I can from that world perspective that we need,” Fisher said.

That message was echoed throughout, as the panel started with a video of eight students sharing their experiences about why they decided to go to Fordham.

“I came to Fordham Law to represent low-wage immigrant workers, particularly undocumented workers who have their wages stolen by bad employers,” Anthony Damelio, FCRH ’08, LAW ’22 said in the video. “Fordham Law gave me not only the tools necessary to become an excellent advocate for my clients, but it also stoked the flames of justice within me that are essential to lawyering for social change.

Williams-Isom emphasized the importance of centering the student voice.

“In some ways, we probably should always start with the student voice, because it keeps us grounded, and there certainly was a lot of hope there,” she said.

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Celebrating ‘Breadth and Depth’ of Fordham Faculty Research https://now.fordham.edu/university-news/celebrating-breadth-and-depth-of-fordham-faculty-research/ Mon, 19 Apr 2021 19:23:35 +0000 https://news.fordham.sitecare.pro/?p=148329 From examining migration crises to expanding access to cybersecurity education, from exploring the history of Jews in New York to understanding how people deal with uncertainty, the work of Fordham faculty was highlighted on April 14 during a Research Day celebration.

“Today’s events are designed for recognition, celebration, and appreciation of the numerous contributors to Fordham’s research accomplishments in the past two years,” said George Hong, Ph.D., chief research officer and associate vice president for academic affairs.

Hong said that Fordham has received about $16 million in faculty grants over the past nine months, which is an increase of 50.3% compared to the same period last year.

“As a research university, Fordham is committed to excellence in the creation of knowledge and is in constant pursuit of new lines of inquiry,” said Joseph McShane, S.J., president of Fordham, said during the virtual celebration. “Our faculty continue to distinguish themselves in this area. Today, today we highlight the truly extraordinary breadth and depth of their work.”

Earning Honors

Ten faculty members, representing two years of winners due to cancellations last year from the COVID-19 pandemic, were recognized with distinguished research awards.

“The distinguished research awards provide us with an opportunity to shine a spotlight on some of our most prolific colleagues, give visibility to the research achievements, and inspire others to follow in their footsteps,” Provost Dennis Jacobs said.

A man presents his research
Joshua Schrier, Ph.D., was one of the Fordham faculty members who received an award at a research celebration.

Recipients included Yuko Miki, associate professor of history and associate director of Latin American and Latinx Studies (LALSI), whose work focuses on Black and indigenous people in Brazil and the wider Atlantic world in the 19th century; David Budescu, Ph.D., Anne Anastasi Professor of Psychometrics and Quantitative Psychology, whose work has been on quantifying, judging, and communicating uncertainty; and, in the junior faculty category, Santiago Mejia, Ph.D., assistant professor of law and ethics in the Gabelli School of Business, whose work examines shareholder primacy and Socratic ignorance and its implications to applied ethics. (See below for a full list of recipients).

Diving Deeper

Eleven other faculty members presented in their recently published work in the humanities, social sciences, and interdisciplinary studies.

Jews and New York: ‘Virtually Identical’

Images of Jewish people and New York are inextricably tied together, according to Daniel Soyer, Ph.D., professor of history and co-author of Jewish New York: The Remarkable Story of a City and a People (NYU Press, 2017).

“The popular imagination associated Jews with New York—food names like deli and bagels … attitudes and manner, like speed, brusqueness, irony, and sarcasm; with certain industries—the garment industry, banking, or entertainment,” he said. “

Soyer quoted comedian Lenny Bruce, who joked, “the Jewish and New York essences are virtually identical, right?”

Soyer’s book examines the history of Jewish people in New York and their relationship to the city from 1654 to the current day. Other presentations included S. Elizabeth Penry, Ph.D., associate professor of history, on her book The People Are King: The Making of an Indigenous Andean Politics (Oxford University Press, 2019), and Kirk Bingaman, Ph.D., professor of pastoral mental health counseling in the Graduate School of Religion and Religious Education, on his book Pastoral and Spiritual Care in a Digital Age: The Future Is Now (Lexington Books, 2018).

Focus on Cities: The Reality Beyond the Politics

Annika Hinze, Ph.D, associate professor of political science and director of the Urban Studies Program, talked about her most recent work on the 10th and 11th editions of City Politics: The Political Economy of Urban America (Routledge, 11th edition forthcoming). She focused on how cities were portrayed by the Trump Administration versus what was happening on the ground.

“The realities of cities are really quite different—we’re not really talking about inner cities anymore,” she said. “Cities are, in many ways, mosaics of rich and poor. And yes, there are stark wealth discrepancies, growing pockets of poverty in cities, but there are also enormous oases of wealth in cities.”

When the COVID-19 pandemic hit, Hinze’s latest edition will show how urban density did not contribute to the spread of COVID-19, as many people thought, but rather it was overcrowding and concentrated poverty in cities that led to accelerated spread..

Other presentations included Nicholas Tampio, Ph.D., professor of political science, on his book Common Core: National Education Standards and the Threat to Democracy (Johns Hopkins University Press, 2018); Margo Jackson, Ph.D., professor and chair of the division of psychological and educational services in the Graduate School of Education on her book Career Development Interventions for Social Justice: Addressing Needs Across the Lifespan in Educational, Community, and Employment Contexts (Rowman and Littlefield, 2019); and Clara Rodriguez, Ph.D., professor of sociology on her book America, As Seen on TV: How Television Shapes Immigrant Expectations Around the Globe (NYU Press, 2018).

A Look into Migration

In her book Migration Crises and the Structure of International Cooperation (University of Georgia Press, 2019), Sarah Lockhart, Ph.D. assistant professor of political science, examined how countries often have agreements in place to manage the flow of trade, capital, and communication, but not people. While her work in this book specifically focused on voluntary migration, it also had implications for the impacts on forced migration and the lack of cooperation among nations .

“I actually have really serious concerns about the extent of cooperation … on measures of control, and what that means for the future, when states are better and better at controlling their borders, especially in the developing world,” she said. “And what does that mean for people when there are crises and there needs to be that kind of release valve of movement?”

Other presentations included: Tina Maschi, Ph.D., professor in the Graduate School of Social Service, on her book Forensic Social Work: A Psychosocial Legal Approach to Diverse Criminal Justice Populations and Settings (Springer Publishing Company, 2017), and Tanya Hernández, J.D., professor of law on her book Multiracials and Civil Rights: Mixed-Race Stories of Discrimination (NYU Press, 2018).

Sharing Reflections

Clint Ramos speaks at Faculty Research Day.

The day’s keynote speakers—Daniel Alexander Jones, professor of theatre and 2019 Guggenheim Foundation Fellow, and Tony Award winner Clint Ramos, head of design and production and assistant professor of design—shared personal reflections on how the year’s events have shaped their lives, particularly their performance and creativity.

For Jones, breathing has always been an essential part of his work after one of his earliest teachers “initiated me into the work of aligning my breath to the cyclone of emotions I felt within.” However, seeing another Black man killed recently, he said, left him unable to “take a deep breath this morning without feeling the knot in my stomach at the killing of Daunte Wright by a police officer in Minnesota.”

Jones said the work of theatre teachers and performers is affected by their lived experiences and it’s up to them to share genuine stories for their audience.

“Our concern, as theater educators, encompasses whether or not in our real-time lived experiences, we are able to enact our wholeness as human beings, whether or not we are able to breathe fully and freely as independent beings in community and as citizens in a broad and complex society,” he said.

Ramos said that he feels his ability to be fully free has been constrained by his own desire to be accepted and understood, and that’s in addition to feeling like an outsider since he immigrated here.

“I actually don’t know who I am if I don’t anchor my self-identity with being an outsider,” he said. “There isn’t a day where I am not hyper-conscious of my existence in a space that contains me. And what that container looks like. These thoughts preface every single process that informs my actions and my decisions in this country.”

Interdisciplinary Future

Both keynote speakers said that their work is often interdisciplinary, bringing other fields into theatre education. Jones said he brings history into his teaching when he makes his students study the origins of words and phrases, and that they incorporate biology when they talk about emotions and rushes of feelings, like adrenaline.

That message of interdisciplinary connections summed up the day, according to Jonathan Crystal, vice provost.

“Another important purpose was really to hear what one another is working on and what they’re doing research on,” he said. “And it’s really great to have a place to come listen to colleagues talk about their research and find out that there are these points of overlap, and hopefully, it will result in some interdisciplinary activity over the next year.”

Distinguished Research Award Recipients

Humanities
2020: Kathryn Reklis, Ph.D., associate professor of theology, whose work included a project sponsored by the Henry Luce Foundation on Shaker art, design, and religion.
2021: Yuko Miki, Ph.D., associate professor of history and associate director of Latin American and Latinx Studies (LALSI), whose work is on Black and indigenous people in Brazil and the wider Atlantic world in the 19th century.

Interdisciplinary Studies
2020: Yi Ding, Ph.D., professor of school psychology in the Graduate School of Education, who received a $1.2 million grant from the U.S. Department of Education for a training program for school psychologists and early childhood special education teachers.
2021: Sophie Mitra, Ph.D., professor of Economics and co-director of the Disability Studies Minor, whose recent work includes documenting and understanding economic insecurity and identifying policies that combat it.

Sciences and Mathematics
2020: Thaier Hayajneh, Ph.D., professor of computer and information sciences and founder director of Fordham Center of Cybersecurity, whose $3 million grant from the National Security Agency will allow Fordham to help Historically Black Colleges and Universities and Minority-Serving Institutions build their own cybersecurity programs.
2021: Joshua Schrier, Ph.D., Kim B. and Stephen E. Bepler Chair and professor of chemistry, who highlighted his $7.4 million project funded by the Defense Advanced Research Projects Agency on perovskites.

Social Sciences
2020: Iftekhar Hasan, Ph.D., university professor and E. Gerald Corrigan Chair in International Business and Finance, whose recent work has included the examination of the role of female leadership in mayoral positions and resilience of local societies to crises.
2021: David Budescu, Ph.D., Anne Anastasi Professor of Psychometrics and Quantitative Psychology, whose work has been on quantifying, judging, and communicating uncertainty.

Junior Faculty
2020: Asato Ikeda, Ph.D., associate professor of art history, who published The Politics of Painting, Facism, and Japanese Art During WWII.
2021: Santiago Mejia, Ph.D., assistant professor of law and ethics in the Gabelli School of Business, whose work focuses on shareholder primacy and Socratic ignorance and its implications to applied ethics.

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Gabelli School of Business Launches New PhD Program https://now.fordham.edu/business-and-economics/gabelli-school-of-business-launches-new-phd-program/ Thu, 29 Oct 2015 16:00:00 +0000 http://news.fordham.sitecare.pro/?p=28555 Fordham University’s Gabelli School of Business has achieved a new milestone with the launch of its first doctoral degree program.

Thanks to a gift from Mario Gabelli, GABELLI ’65, the new Doctor of Philosophy (PhD) program in business administration will welcome its first cohort in the fall of 2016. The five-year program will feature a cross-disciplinary study of the major areas of business education, as well as an intensive research component.

“This is our opportunity to ground research strongly at the graduate level,” said Donna Rapaccioli, PhD, dean of the Gabelli School of Business. “These students will be able to develop papers alongside our faculty for journal submission. We will also, for the first time, have Fordham represented at doctoral colloquia at major conferences.”

In addition to expanding opportunities for current students and faculty, the presence of a terminal degree program promises to attract high-caliber scholars and new talent to the Gabelli School, Rapaccioli said. This will not only enrich the mentorship between faculty and students, but it will also prepare students as scholars in their own right.

“The education they receive at Fordham will kindle their careers as junior faculty, and as they move on to other universities to teach, Fordham-generated scholarship will begin to spread across the country and worldwide,” she said.

New PhD at Gabelli School
Photo by Michael Falco

The new doctoral program is in keeping with the school’s mission to distinguish itself as a research-intensive business school, said Iftekhar Hasan, PhD, professor of finance and Corrigan Chair in International Business and Finance.

“Research is an integral part of academic life,” said Hasan, who is spearheading the program’s development. “This particular program will create an environment that not only enhances the current commitment to research, but will also create a new hub of research activity at Fordham.”

The program is structured around two areas of focus, Hasan said: capital markets and strategy and decision-making. Students will receive a uniquely interdisciplinary doctoral education that encompasses economic theory—including finance and accounting—and contemporary studies in management, marketing, information systems, and media theory.

In addition to the PhD program, the business school has another advanced degree in the pipeline, a Doctor of Professional Studies (DPS), which will provide doctoral-level training to business practitioners. The PhD, meanwhile, is geared toward research academics.

“The intention of this program is to create future educators,” Hasan said. “It has been our Jesuit tradition for hundreds of years to create light in areas of darkness—to bring new knowledge and education around the world.

“Our University’s business program has been in the forefront for years in creating industry leaders, and now we are taking a step forward to create research-intensive future educators.”

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Bloomberg Businessweek Ranks GBA Among Best https://now.fordham.edu/business-and-economics/bloomberg-businessweek-ranks-gba-among-best/ Fri, 16 Nov 2012 18:29:56 +0000 http://news.fordham.sitecare.pro/?p=30423 For the first time, Bloomberg Businessweek has ranked Fordham Graduate School of Business Administration (GBA) among the best business schools in the country. Of approximately 2000 business schools nationwide, the magazine whittles the list down to the top 63 institutions. Fordham was listed No. 58.

David A. Gautschi, Ph.D., dean of GBA, said graduate schools closely watch the Businessweek rankings because they are one of the original ranking sources for higher education business programs. MBA applicants often rely on theBusinessweek ranking when choosing a graduate school.

Gautschi called the ranking a “breakthrough” with ramifications both inside and outside of the University. He credited improved selectivity and a jump in GMAT scores from 587 in 2010 to 647 in 2012 with the GBA showing.

“This will assist in both faculty and hiring and the school will also be taken more seriously by our peer institutions,” he said.

GBA set out to improve rankings as an imperative for the school, and established a task force chaired by Iftekhar Hasan, Ph.D., the E. Gerald Corrigan Chair in International Business and Finance.

“We want to use this as our beachhead and keep moving up,” Gautschi said.

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New Corrigan Chair Quantifies Benefits of Diversity https://now.fordham.edu/inside-fordham/new-corrigan-chair-quantifies-benefits-of-diversity/ Mon, 27 Feb 2012 16:51:50 +0000 http://news.fordham.sitecare.pro/?p=7923 Iftekhar Hasan, Ph.D., was formally installed as the inaugural holder of the E. Gerald Corrigan, Ph.D., Chair in International Business and Finance on Tuesday, Feb. 7, at Fordham.

In his inaugural lecture as the Corrigan Chair in International Business and Finance, Iftekhar Hasan, Ph.D., showed it is possible to quantify the benefit companies derive from having CEOs with diverse backgrounds and connections. Photo by Chris Taggart
In his inaugural lecture as the Corrigan Chair in International Business and Finance, Iftekhar Hasan, Ph.D., showed it is possible to quantify the benefit companies derive from having CEOs with diverse backgrounds and connections.
Photo by Chris Taggart

Hasan, a prolific scholar who joined the Fordham Schools of Business faculty in the fall, detailed his latest research in a lecture titled “More Than Connectedness: Heterogeneity of CEO Social Networks and Firm Value.”

Hasan asked the question, do companies with CEOs who have diverse social connections create higher value to firms? And can that value actually be quantified?

The answer, he said, was yes on both counts.

“In corporate finance literature, we find that the better the diversity is in the boardroom, the better the richness of the discussion in the boardroom, and the better the performance of the company,” he said.

His study measured different aspects of heterogeneity such as gender, ethnicity, education, occupation, and country of origin of 3,650 CEOs from 2,682 companies between 2000 and 2007. The study assigned a ranking to each company and then used four different “channels”—innovation, new revenue generation, better investment and lower cost of financing—to measure company value.

By factoring in CEO turnover, Hasan also addressed for the
possibility of what he called a reverse causality (where companies that are already successful are the ones that hire CEOs with high levels of heterogeneity). He concluded that a greater diversity of gender and international exposure had the highest effect on a company’s value.

E. Gerald Corrigan, Ph.D., GSAS ’65 and ’71 (left) and Iftekhar Hasan, Ph.D., (right) the newly-installed Corrigan Chair. Photo by Chris Taggart
E. Gerald Corrigan, Ph.D., GSAS ’65 and ’71 (left) and Iftekhar Hasan, Ph.D., (right) the newly-installed Corrigan Chair.
Photo by Chris Taggart

“These sort of results will hopefully get our corporate management to think about how, given the changing society and the changing globalization of business, this sort of hiring process of upper management and board members can be value-added for the company,” he said.

“Diversity and heterogeneity are a tangible asset, and I’m happy to have some academic evidence, through the lens of the CEOs, to see that it matters to the corporate profit.”

The evening was also a chance to honor E. Gerald Corrigan, Ph.D., GSAS ’65 and ’71. Corrigan, managing director at Goldman Sachs and chair of Goldman Sachs Bank USA, earned his master’s and doctorate in economics at Fordham. His generous gift was responsible for the creation of the chair.

Corrigan remarked that it was clear that the chemistry at the University is such that it is poised for greatness. He noted that the fields of economics and finance have come to focus too much on quantitative skills, and not enough on soft skills—such as governance, business and economic history, institutional adaptation and evolution, and ethics. These are areas where Fordham can make a difference, he said.

“Fordham University, by virtue of its Jesuit tradition, its culture, and to say nothing of its location here in the heart of New York City, is uniquely positioned to provide leadership in helping to stimulate constructive and creative thinking about the philosophy of business and economic education,” he said.

The event was sponsored by the Office of the President.

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New Corrigan Chair Quantifies Diversity https://now.fordham.edu/business-and-economics/new-corrigan-chair-quantifies-diversity/ Tue, 14 Feb 2012 18:47:48 +0000 http://news.fordham.sitecare.pro/?p=31305
Iftekhar Hasan Photo by Chris Taggart

Iftekhar Hasan, Ph.D., was formally installed as the inaugural holder of the E. Gerald Corrigan, Ph.D., Chair in International Business and Finance on Tuesday, Feb. 7 at Fordham.

Hasan, a prolific scholar who joined the Fordham schools of business faculty in the fall, detailed his latest research in a lecture titled “More Than Connectedness: Heterogeneity of CEO Social Networks and Firm Value.”

Hasan asked the question, do companies with CEOs who have diverse social connections create higher value to firms?
And can that value actually be quantified?
The answer, he said, was yes on both counts.

“In corporate finance literature, we find that the better the diversity is in the boardroom, the better the richness of the discussion in the boardroom, and the better the performance of the company,” he said.

His study measured different aspects of heterogeneity such as gender, ethnicity, education, occupation, and country of origin of 3,650 CEO’s from 2,682 companies between 2000 and 2007. The study assigned a ranking to each company and then used four different “channels”—Innovation, New Revenue Generation, Better Investment and Lower Cost of Financing— to measure company value.

By factoring in CEO turnover, Hasan also addressed for the possibility of what he called a reverse causality, (where companies that are already successful are the ones that hire CEOs with high levels of heterogeneity). He concluded that a greater diversity of gender and international exposure had the highest effect on a company’s value.

“These sort of results will hopefully get our corporate management to think about how, given the changing society and the changing globalization of business, this sort of hiring process of upper management and board members can be value added for the company,” he said.

Iftekhar Hasan and Gerald Corrigan Photo by Chris Taggart

“Diversity and heterogeneity are a tangible asset, and I’m happy to have some academic evidence, through the lens of the CEOs, to see that it matters to the corporate profit.

The evening was also a chance to honor E. Gerald Corrigan, Ph.D., GSAS ’65 and ’71. Corrigan, managing director at Goldman Sachs and chair of Goldman Sachs Bank USA, earned his masters and Ph.D. in economics at Fordham. His generous gift was responsible for the creation of the chair.

He remarked that it was clear that the chemistry at the University is such that it is poised for greatness. He noted that the fields of economics and finance have come to focus too much on quantitative skills, and not enough on soft skill—such as governance, business and economic history, institutional adaptation and evolution, and ethics. These are areas where Fordham can make a difference, he said.

“Fordham University, by virtue of its Jesuit tradition, its culture, and to say nothing of its location here in heart of the New York City, is uniquely positioned to provide leadership in helping to stimulate constructive and creative thinking about the philosophy of business and economic education,” he said.

The event was sponsored by the Office of the President

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Prolific Scholar is Corrigan Chair https://now.fordham.edu/business-and-economics/prolific-scholar-is-corrigan-chair-2/ Wed, 15 Jun 2011 15:51:20 +0000 http://news.fordham.sitecare.pro/?p=31760 Iftekhar Hasan, Ph.D., will join Fordham as the new Corrigan Chair in International Business and Finance at the Gabelli School of Business and the Graduate School of Business Administration on August 29, 2011.

Hasan is the acting dean and the Carey L. Wellington Professor of Finance and the director of the International Center for Financial Research of the Lally School of Management and Technology of the Rensselaer Polytechnic Institute. He specializes in financial institutions, corporate finance, entrepreneurial finance and capital markets.

“Iftekhar Hasan’s appointment as the Corrigan Chair is a significant addition to Fordham’s intellectual capital,” said Stephen Freedman, Ph.D., provost of the University. “Dr. Hasan is both a prolific and highly regarded scholar whose expertise is sought after by governments, financial institutions and universities worldwide. By this appointment, Fordham and its Schools of Business signal a commitment to the highest levels of research and teaching in business and finance.”

David Gautschi, Ph.D., dean of the Graduate School of Business, said that Hasan’s addition to the faculty strengthens two areas of strategic priority for the school:  advancing understanding of the role of business in the global political economy, and advancing understanding of a business school in an international financial center.

“Dr. Hasan is known not only for his innovative and prolific research, but also for his work in advising many international institutions—both private and governmental, including the United Nations, the World Bank, the Central Bank of Finland, and a number of other central banks and regulatory authorities,” he said.

“In addition, Dr. Hasan is known for his generosity in mentoring young scholars in Finance, having founded and continued to lead the “Rising Stars” conference for emerging researchers,” Gautschi said.

Donna Rapaccioli, Ph.D., dean of the Gabelli School of Business said she was delighted to welcome Hasan to the Fordham Schools of Business faculty.

“Dr. Hasan has an outstanding and very diverse research record. In addition, he is a gifted teacher and builder of relationships between students, the academy and the public and private sector who has a deep respect for Fordham’s Jesuit mission,” she said.

Hasan said he was interested in Fordham because of the University’s dedication to Jesuit education principles and the formidable team that Rapaccioli, Gautschi and Freedman represented.

“You have two deans in a school who are highly successful in their own academic endeavors, and at the same time, they have taken the role of an educator and an administrator for the enhancement for the schools reputation as well as the contribution to the society at large,” he said. “Fordham business schools have successfully created a nucleus of a number of very talented senior and junior faculty members and it would be a privilege to join this distinguished group and work together with these colleagues.”

When it comes to research, Hasan said he plans to explore how the recent consolidation and changes in the ownership structure of stock exchanges around the globe affect the liquidity of the market as well as the information content of stocks. He is also interested in understanding the underpinnings of financial contracts that multi-national banks rely on to lend money across products, firms, industry, and locations nationally and globally. Being based in New York City also provides plenty of opportunities for alliances and collaborations on cutting edge research and innovative teaching with the private entities.

“New York has been and will continue to be the financial center of the world for the years to come, and providing timely, relevant research that has direct applicability for industry partners, which in this case are banks and exchanges, will keep New York City relevant,” he said.

The Corrigan Chair in International Business and Finance was established by a gift from E. Gerald Corrigan, Ph.D., (GSAS ’65, ’71). Corrigan, a former president of the Federal Reserve Bank of New York, and is managing director of Goldman Sachs. He received his master’s and doctoral degrees in economics from Fordham’s Graduate School of Arts and Sciences.

In commenting on Hasan’s appointment, Corrigan said that “Dr. Hasan’s presence at Fordham here in New York City represents a highly valued addition to the city’s academic and business leadership.”

Home page image: E. Gerald Corrigan, Ph.D. (GSAS ’65, ’71) at February 2010 Flaum Leadership Lecture.

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