December • 2011 
Faculty News In Memoriam
Amar Cheema • Amar Cheema, co-author of a chapter on credit card mismanagement in the new book Transformative Consumer Research for Personal and Collective Well-Being, spoke with Correspondent Marcia Frellick about his research on consumer spending and his personal experience with credit card debt. The article, titled “Q&A on Spending and Debt with Amar Cheema,” appeared on the site Nov. 9, 2011.

Eric Martin • Eric Martin, Co-Director of McIntire’s Galant Center for Entrepreneurship, was featured in a Nov. 3, 2011, Washington Post article titled “Student Entrepreneurship in College Is on the Rise in Poor Economy.” In the article, Martin says that participation in UVA’s entrepreneurship program has doubled in the past four years, with 10 percent of eligible students now taking part.

Patrik Sandas • Patrik Sandas and colleagues Thierry Foucault and Stefan Frey received funding from INQUIRE Europe for a research project on post-trade transparency on NASDAQ-OMX’s Nordic markets (i.e., Finland, Sweden, and Denmark). The project, “NASDAQ-OMX's Switch to and from Post Trade Anonymity: What Do We Learn about Winners, Losers, and the Overall Impact?” explores the pros and cons of revealing who the counterparties of a trade are in real time. Funding from INQUIRE Europe is €10,000 split into two equal payments. In addition, the UVA Center for International Studies awarded Sandas a $2,000 grant to cover the costs of a trip he plans to make to Copenhagen, Denmark, and Helsinki, Finland, to talk to market participants who ideally have different views on post-trade transparency.

Bill Shenkir • An article co-authored by Professor Emeritus Bill Shenkir, Paul Walker, and Tom Barton (McIntire ’71), “Enterprise Risk Management: Is Your Board Ready for ERM?” appeared in the November 2011 issue of Financial Executive. At the American Institute of CPA’s Fall Meeting of Council, Shenkir was one of the 51 CPAs recognized with the inaugural Sustained Contribution Award. The award recognizes AICPA members who have given continued, outstanding service to the AICPA and the CPA profession through their volunteer committee service for 20 or more years. In addition to length of service, the number of roles and breadth of service are used to make the final determination. Over the years, Shenkir has served on 15 different AICPA committees, chairing four of them.

Paul Walker • Two articles co-authored by Paul Walker were published in November 2011: “Enterprise Risk Management: Is Your Board Ready for ERM?” in Financial Executive (with Tom Barton [McIntire ’71] and Bill Shenkir) and “The Strategic Advantage of ERM,” in Risk Management (with Mary Driscoll and Robert Torok). Walker also served as a subject matter expert on an enterprise risk management best practices project sponsored by APQC that included Intuit, Marathon Oil, NASA, Caterpillar, and other companies, and as a speaker at ALM’s Litigation Summit and Exposition Nov. 15-16, 2011, in Washington, D.C. Walker's participation in the conference was featured in a Nov. 18, 2011, article titled “For GCs, a Little Talk Goes a Long Way in Risk Management.”

Bob Webb • Bob Webb gave a presentation, “News and the Behavior of Speculative Prices,” at both Beihang University and Renmin University in Beijing in early November 2011. Webb presented his paper, “Jumps and Trading Activity in Interest Rate Futures Markets: The Response to Macroeconomic Announcements,” at the 2011 Financial Management Association Annual Meeting in Denver Oct. 19-22, 2011. He also presented the paper at the Taiwan Finance Association-Korean Finance Association joint conference in Taipei in September 2011, where it received a best paper award, and at the 2011 Financial Management Association European Conference in Porto, Portugal, June 8-10, 2011.

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