HTCampus – The Finance Forum of N. L. Dalmia Institute of Management Studies and Research organized a seminar on “Risk Management” on August 10, 2016.
The seminar was delivered by Dr. Chinmoy Ghosh, Head of the Department of Finance at School of Business, University of Connecticut, USA.
Shantaram Hegde Will Teach, Mentor, Encourage Colleagues in India
One of the most respected and accomplished faculty members in the Finance Department has received a Fulbright Specialist Award to mentor doctoral students and faculty in India.
Professor Shantaram ‘Shanta’ Hegde said he is pleased to have received the Fulbright, which is one of the most competitive, prestigious and selective awards in the world. His assignment is to instruct some 30- to 40- students and faculty on financial research, a field in which he is considered one of the most prolific journal contributors in the United States.Continue Reading
The School of Business has awarded its 2015 Best Paper Award to professors David Weber, from accounting, and Jose Martinez, of finance, for their exceptional research articles that will appear in esteemed academic journals.
Weber’s research paper is titled, “Does SOX 404 Have Teeth? Consequences of the Failure to Report Existing Internal Control Weaknesses.”
“Picking Winners? Investment Consultants’ Recommendations of Fund Managers,” is the title of Martinez’s work. His paper also recently received a prize from the University of Cambridge and the Commonfund Institute.
“Both papers are to appear in very prestigious journals in their respective fields, The Accounting Review and Journal of Finance,” said Sulin Ba, associate dean of academic and research support. “The selection committee was particularly impressed by the public policy implications that came out of both research projects. These implications will have an impact on our society in the years to come.”
The competition was intense this year with 10 nominations, all papers accepted in top academic journals, Ba said.
“Dr. Weber’s paper, co-authored with Ph.D. student Biyu Wu, addresses the requirement that corporations and their auditors publicly disclose internal control weaknesses, which is one of the most contentious and costly provisions of the Sarbanes-Oxley Act,” said Mohamed Hussein, accounting department head. “The study is important because it shows that the enforcement mechanisms surrounding internal control reporting are often ineffective and in some cases may even provide disincentives for compliance.”
“This paper is one of many research projects conducted by the UConn accounting faculty that addressed critical accounting and tax issues,” said Hussein, noting that UConn accounting faculty research has been cited in Congressional hearings and in the British Parliament.
Chinmoy Ghosh, department head in finance, said he is pleased with his colleague’s success.
“Within a very short period of time since arriving at UConn in August 2014, Jose has made a significant contribution in almost every aspect of the job. Acceptance of his paper by the Journal of Finance, the top journal in the discipline, brings tremendous visibility and prestige to the department and the school,” he said. “Very recently, his research has been recognized by a leading academic group in Europe. His style of teaching and knowledge drew great praise from the Risk Management students at both our Hartford and Stamford campuses.
“Jose has also shown great interest and objectivity in various academic issues currently under review by the department faculty. We are very pleased to have him as a colleague and look forward to many more productive years from him at the School of Business.”
The Best Paper Award is funded by the generous support of the Arnold M. Robin & Rochelle M. Robin Excellence Fund.
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Professor Jose Martinez Earns Triple Recognition For Work on Dubious Investment Management
A four-year research project by UConn finance professor Jose Martinez found no evidence that recommendations by highly paid investment consultants to institutional investors subsequently outperformed the market.
Professor Jose MartinezIn his paper, “Picking Winners? Investment Consultants’ Recommendations of Fund Managers,” Martinez presents survey data from investment consultants with a combined share of 90 percent of the consulting market, and focuses on the recommendations consultants made for actively managed U.S. equity funds.Continue Reading
The University of Connecticut School of Business and Law School will co-host the third annual Connecticut Risk Management Conference on March 20 at the UConn Stamford campus. Continue Reading
The State of Connecticut’s Office of Higher Education recently granted STEM designation for UConn’s MS degree in Financial Risk Management (MSFRM). Under the new STEM classification, MSFRM international students can now qualify for a 17-month OPT (Optional Practical Training) Extension making it a full 29 months of OPT.
MSFRM joins MS in Business Analytics & Project Management as the only two programs in the School of Business to receive STEM designation.
Science, Technology, Engineering, and Mathematics (STEM) fields are essential to U.S. economic competitiveness and growth. Over the last several decades the country has experienced a significant shortage of qualified workers for employment in STEM fields. Increasingly, businesses have to hire international workers to meet their needs. Therefore, STEM designated educational programs make it possible for international graduates to remain stateside longer to not only establish their careers but also to help meet the demand for STEM-educated professionals.
UConn’s STEM designated programs, and their related initiatives, also play an important role in Next Generation CT, state legislation passed into law and signed by the governor, that will invest over $1.5 billion dollars in UConn over the next 10 years.
“Recruiting the best and brightest international students to our program and then enabling them to successfully begin their professional careers is an important part of our educational mission,” said Professor Chinmoy Ghosh, head of the Finance Department and director of the MSFRM program. “Furthermore, providing a sufficient and qualified pipeline of talent for the nation’s economy is core to our service mission as a public institution.”
Under the traditional OPT program, international students who graduate from colleges and universities in the U.S. are able to remain in the country and receive training through work experience for up to 12 months. Students who graduate from a designated STEM degree program can remain for an additional 17 months on an OPT STEM Extension.
“Undeniably, international students bring valuable contributions to our programs and classrooms,” adds Jud Saviskas, executive director of the School of Business in Stamford. “STEM designation now allows these highly skilled foreign graduates to extend their post-graduate training, establish their careers, and enhance the U.S. economy.”
Stamford, Conn. – Only two scholarships awarded annually by the Public Risk Management Assoc.
Each year, the national Public Risk Management Association (PRIMA) awards just two scholarships to students enrolled in public policy and public administration programs. For 2014, both scholarship recipients are from UConn’s MS in Financial Risk Management program.
Xinyue Li and Debolina Das, both enrolled in Stamford, were selected for the annual PRIMA Student Scholarship awards for their outstanding academic performance.
“These scholarships not only recognize our students’ academic strengths and their strong commitment to risk management, but also confirm the quality of our MSFRM program,” said Jud Saviskas, executive director of the UConn School of Business in Stamford. “We are very proud of these two students, and they are a shining reflection of our fine program.”
Based in Alexandria, VA, PRIMA exists to promote and advance the profession of public risk, and serves as the primary resource for public risk management educational programs, products and services.
The PRIMA student scholarship covers expenses related to their attendance at PRIMA’s 35th Annual Conference, June 9-11 2014, in Long Beach, California. These expenses include the conference registration, meals, hotel accommodations, and both air and ground transportation.
As a student scholar, each will be paired with a mentor—a PRIMA member who is an experienced risk manager. The mentor will help the students network, gain industry knowledge, and expose them to other learning opportunities before, during, and after the 2014 Annual Conference. The winners will also receive a complimentary one-year student membership in PRIMA.
“Our FRM program has grown nearly five times in the last three years, attracting outstanding students from abroad, and earning the support and recognition from major corporations in the northeast,” added Professor Chinmoy Ghosh, head of the Finance Department and director of the MSFRM program. “These competitive scholarships recognize the academic excellence of our students and highlight our focus and emphasis on research initiatives in Risk Management.”
Pictured: Xinyue Li and Debolina Das, recipients of the 2014 PRIMA Student Scholarship awards
The new undergraduate financial management major was introduced to the School of Business’ Stamford campus on Thursday, August 29. The first class includes 17 business students. The financial management major offered only at the UConn Stamford campus is specifically designed to prepare students for careers in corporate money management and investment. The curriculum is closely tied to professional financial services practice. It was developed in partnership with the Stamford Chartered Financial Analysts Society (SCFAS), and prepares students to take the first level of the Chartered Financial Analyst (CFA) exams which leads to the CFA designation. The unique program will include support from the society with mentoring and introductions to the various financial institutions in the tri-state area.
The first class will graduate in May 2014.
Pictured: The financial management students along with Professor Katherine Pancak, Professor John Knopf, Program Manager Marlys Rizzi, Executive Director for the School of Business at UConn Stamford Jud Saviskas, and Finance Department Head Chinmoy Ghosh.
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The UConn MSFRM program will place more emphasis on practical applications, and operational and behavioral issues in risk management. Through collaboration with the financial services industry in the State of Connecticut, the program will provide a forum for interaction of academics and practitioners to focus on the practice of creating economic value by managing exposure to risk.
The University of Connecticut (UConn) School of Business announced today it will host the inaugural Risk Management: New Challenges and Opportunities Conference on Friday, Nov. 9 in Stamford, Connecticut.
James B. Comey, Jr., former U.S. Deputy Attorney General and general counsel, Bridgewater Associates LP, will deliver the keynote address.
“Following recent economic turmoil, the finance and accounting sectors are taking a more proactive role in risk management, as well as adjusting to more rigorous requirements and regulations within the industry,” says Jud Saviskas, Executive Director for the School of Business at UConn-Stamford. “The Conference will bring together financial and accounting professionals, faculty and graduate students to discuss key issues and challenges in risk management.”
Sessions emphasize the common forces affecting a wide range of institutions, including banking, insurance and investment management, as well as regulators, industrial firms and accounting/consulting firms. The event is organized by the Master of Science in Financial Risk Management program at UConn.
The event is from 8 a.m. to 4:15 p.m., and topics include:
Registration is $200 and includes all sessions, breakfast and lunch. To register, visit business.uconn.edu/riskconference. For more information, contact Chinmoy Ghosh at chinmoy.ghosh@business.uconn.edu or Jud Saviskas at jud.saviskas@business.uconn.edu.
The Master of Science in Financial Risk Management (MSFRM) program at the University of Connecticut School of Business is a 15-month program offered on both the Hartford and Stamford, Conn. campuses. The program is designed for business professionals who want to enhance their careers by fully understanding how to identify and manage various types of risk faced by multinational firms. Learn more at msfrm.uconn.edu.
For more information, contact:
Jud Saviskas, UConn School of Business, Executive Director
(203) 251-8442 or jud.saviskas@business.uconn.edu
Chinmoy Ghosh, Professor and Department Head of Finance
(860) 486-4431 or chinmoy.ghosh@businesss.uconn.edu
Michael J. Deotte, UConn School of Business Director of Marketing
(860) 486-4478 or mdeotte@business.uconn.edu