Eight SMU faculty members retire with emeritus status in 2011-12

Eight distinguished faculty members, with more than 215 years of combined service to SMU, have retired or will retire with emeritus status during the 2011-12 academic year. Congratulations to the following professors:

• Andrew H. Chen, Professor Emeritus of Finance, Cox School of Business (1983 to 2012)

• John C. Holbert, Lois Craddock Perkins Professor Emeritus of Homiletics, Perkins School of Theology (1979 to 2012)

• Chun H. Lam, Associate Professor Emeritus of Finance, Cox School of Business (1981 to 2012)

• G. Reid Lyon, Professor Emeritus of Education Policy and Leadership, Annette Caldwell Simmons School of Education and Human Development (2008 to 2012)

• John Maguire, Professor Emeritus of Chemistry, Dedman College of Humanities and Sciences (1973 to 2012)

• Mogens V. Melander, Associate Professor Emeritus of Mathematics, Dedman College of Humanities and Sciences (1989 to 2011)

• C.W. Smith, Professor Emeritus of English, Dedman College of Humanities and Sciences (1985 to 2012)

 Michael F. van Breda, Associate Professor Emeritus of Accounting, Cox School of Business (1981 to 2012)

Experts talk money in campus financial forum

SMU experts answered questions and gave their views on investing and saving for retirement during difficult times in “Market Volatility and Its Impact on You: Reassessing vs. Reacting in Response to Your Finances.” The Department of Human Resources presented the discussion Nov. 11, 2008 in the Collins Executive Education Center.

“Given the nature of market volatility, we thought it would be a marvelous idea to have this forum for our faculty, staff, retirees, and everyone else who has given their hearts, their souls, and their lives in dedication to this great university,” said moderator David Lei, associate professor of strategy and entrepreneurship in SMU’s Cox School of Business. “This is an opportunity to get to know the current market environment and to bounce around a few ideas.”

The panel stressed the importance of individuals knowing their own risk tolerance and managing their investments accordingly. Participants included Distinguished Professor of Finance Andrew Chen and Caruth Chair in Finance Darius Miller of the Cox School, as well as Director of Total Compensation Sheri Starkey of Human Resources.

Lei left attendees with 5 financial questions to consider:

  • If you hold stocks, what will you do if the market takes another 30 percent dive?
  • What will you do if your bank or credit card company declares your existing credit balance as your limit?
  • If you hold a large amount of cash, what will you do if inflation rapidly escalates?
  • In a depressed real estate market, what will you do in the wake of a home insurance disaster in which you can recoup only replacement costs, rather than what you paid?
  • In terms of your savings, are you looking to grow rich or to avoid being poor?

Read more from the forum
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Research Spotlight: Innovative financing for India’s infrastructure

Highway marker on India's SH 17In a study titled “Complementing Economic Advances in India: A New Approach in Financing Infrastructure Projects,” SMU Finance Professor Andrew Chen and co-author Jennifer Warren Kubik have proposed an innovative solution to improving India’s infrastructure that has significant implications for capital markets and development. “For India to continue growth on a sustainable path, investment in infrastructure is critical. Infrastructure bottlenecks are seen as one of the leading obstacles for India in realizing its economic growth potential,” the authors say. Yet such development could cost the Indian government as much as $500 billion and will require substantial financing. Chen and Kubik suggest approaching the problem by raising capital through initial public offerings (IPOs) and securitizations globally. This approach, coupled with financial innovations, could help smooth the frictions which lay at the root of India’s infrastructure development problems, the authors add. “Infrastructure spending in India is particularly politicized and could gain efficiencies through the benefits of global capital markets rather than at the hands of political agendas,” they write. Read the executive summary at the Cox School of Business’ faculty research site.