The following books authored by Smith faculty members were recently published. G. Anandalingam and H. Lucas, Beware the Winner's Curse: Victories that Can Sink You and Your Company, New York: Oxford University Press, 2004. S. I. Gass and A. A. Assad, An Annotated Timeline of Operations Research: An Informal History, Springer + Business Media, New York, 2005.

Roland Rust, holder of the David Bruce Smith Chair in Marketing, chair of the marketing department and director of the Center for e-Service, was named the next editor of the Journal of Marketing, ranked number one in two of the last three surveys of major marketing journals. It is the oldest and most frequently cited journal in the field and enjoys unique impact and visibility. His term will run from 2005-2008.

The Smith School would like to offer congratulations to the following Smith PhD Candidates Nerissa Brown, Accounting and Information AssuranceBest Paper Presentation Award“Herd Behavior in the Voluntary Disclosure of Capital Expenditure Forecasts”Center for Corporate Reporting and Governance ConferenceCosta Mesa, CA, September 2004

Lawrence A. Gordon, Ernst & Young Alumni Professor of Managerial Accounting and director of the PhD program at the Robert H. Smith School of Business, gives an overview of the Smith School’s PhD program.

This issue of Research@Smith focuses on the award-winning research of three Smith PhD candidates, but there are many other Smith PhD students with equally impressive accomplishments.

Research by April M. Knill

Research by Holly Slay

Research by Nerrisa Brown Within a two-day period in July 2001, UAL Corp., AMR Corp., and Northwest Airlines all released their capital expenditure plans. In October of 2000, SBC Communications, Verizon Communications and Time Warner Telecom released their capital expenditure plans in the same week. This wave-like pattern of voluntary disclosure, known as “herding,” can also be seen in companies’ disclosures of their revenue warnings and accounting misstatements.

Herd Behavior in Voluntary Disclosure of Capital Expenditure Forecasts Highly reputable firms set the standard for voluntary disclosure; many other firms just follow the crowd Mid-life Transition Decision Processes and Career Successes Understanding the process of mid-life career transition may help employers keep their employees Foreign Investment: A Big Boost for Small Business Foreign portfolio investment gives a big boost to small businesses, both at home and abroad A Word From Dean Frank PhD Program at a Glance, Lawrence Gordon