9464 EWMBA Bro.c2.3.indd - Berkeley MBA - University of California ...

HAAS SCHOOL FACULTY
Explorers in Search of
Haas School faculty members are explorers and discoverers,
seeking new ideas and insights at the frontiers of knowledge.
They are internationally recognized leaders in the study of the economic, social,
political, and technological forces shaping global markets today.
Haas faculty members play an active role in national and
international business communities, serving as consultants,
board members, and speakers at major business
conferences. They are in demand for key government
positions and perform important interdisciplinary research
with colleagues at Berkeley and at other top universities.
Rankings of academic reputation consistently place the Haas
School faculty in the top ten of business schools worldwide.
Influential Paper
Takes Top Honor
Finance professor Hayne Leland
won the first-ever Stephen A. Ross
Prize in 2008 from the Foundation
for the Advancement of Research in
Financial Economics (FARFE). Leland
won the award for his 1994 Journal
of Finance paper, “Corporate Debt
Value, Bond Covenants, and Optimal
Capital Structure.” Recognized as the
field’s most influential paper of the
past 15 years, it analyzed how firms
determine the optimal mix of debt
and equity to acquire funding at the
lowest cost. The $100,000 Stephen A.
Ross Prize was established last year
by a consortium of finance academics
and practitioners from around the
world to be the preeminent award in
financial economics.
Deep Insights for Turbulent Times
In their search for new knowledge, Haas School professors
go far beyond merely describing a management or business
problem and its resolution. As members of a premier
research university, they develop theoretical explanations
in order to understand and predict future occurrences. These
tools eventually help executives navigate confidently through
even the most turbulent, changing times.
Several Haas professors were key voices predicting the
recent economic turbulence. Professor Nancy Wallace
determined early on that Wall Street banks and bond-rating
agencies were underestimating the risk of many new
mortgage- and asset-backed securities. Ken Rosen has also
been a key voice in the analysis of the real estate meltdown.
A Roster of Leaders
More than 50 Years
of Great Ideas
The California
Management Review
(CMR), published by the
Haas School, is one of
the leading management
journals of its kind,
serving as a nexus
between those who study
management and those
who practice it. CMR,
which celebrated its 50th
year in 2007, publishes
research-based articles
that address issues of current
concern to managers.
Several faculty members are authors of widely used textbooks in marketing,
economics, and management. Severin Borenstein is a nearly constant presence
in the national media explaining the ups and downs of the nation’s energy
markets. Michael Katz is a leading thinker and strategist in telecommunications
policy. John Morgan and Teck Ho are utilizing behavioral and experimental
economics to understand strategic decision making. Jennifer Chatman is a top
authority on organizational culture and post-merger integration. And David Teece
is a widely sought expert in the field of innovation and knowledge management.
Haas faculty members continue to garner academic and industry recognition as
leaders in their fields. Henry Chesbrough was honored this year as one of the top
50 authors in the field of technology and innovation management by the
International Association of Management of Technology. Barry Staw and David
Vogel were both recognized by the Academy of Management, Staw with the 2008
Lifetime Achievement Award and Vogel for his book The Market for Virtue: The
Potential and Limits of Corporate Social Responsibility. And Waverly Ding was
awarded a highly competitive nationwide fellowship in entrepreneurship research
from the Ewing Marion Kauffman Foundation.
28 Haas School of Business Leading Through Innovation