Business Seminar Series

The School of Business hosts a seminar series each semester where Manhattan College students and faculty, as well as leading scholars and professionals, present on current business topics.

The seminars are held weekly throughout the semester. Past presenters have included economists from the Federal Reserve Bank of New York and the Federal Communications Commission, and scholars from Yale and Columbia.

Past seminar topics have included:

  • Self-Control and Commitment: Can Decreasing the Liquidity of a Savings Account Increase Deposits?
  • A Risk Perception and Decision Making: Evidence from Investment Banks in the Wake of the Dodd-Frank Act
  • The Impact of U.S. Monetary Policy on Emerging Markets Exchange Rates
  • The Profit Impact of Revenue Heterogeneity and Assortativity in the Presence of Negative Word-of-Mouth

Fall 2016 Schedule

All seminars are at 1 p.m. in the Calpalbo Room, De La Salle Room 300. 

Date Name and Institution Title Abstract 
Sept. 14

Miles Cary Leahey

 

Manhattan College

“Careers in Economics:There Can Be a Good Life After College for Business Economi

The outlook for graduates with economics training is good as markets value what economists have to say. There are rewarding opportunities in academia, business, and government. In this talk, we will discuss how to get that first (and second) job, where to find the jobs, what employers look for, what to do once you get the interview, how to close the deal, and what to do once you start the job.

Sept. 28

Angela Grotto

 

Manhattan College

“A Multilevel Analysis of Organizational Restructuring”

Mergers and acquisitions (M&A) can offer monetary benefits at the corporate level, but can be traumatic for individuals. We conducted a multilevel study to investigate individual and team-level stressors and resources as influences on employee job strain and feelings of conflict between work and non-work following a merger and reorganization of two biotechnology companies. We followed up our quantitative study with a qualitative analysis of employees’ comments on the integration to gain new insights into the stressor-strain-resource relationships at the individual level.

Oct. 5

Niraj Kumar

 

iDecisionGames.com 

“The Real-time Classroom”

Students use technology in their everyday lives and expect the same in the classroom. They also learn better through interactive exercises, mini simulations and serious games. Faculty can have instant information about student performance and understanding.

Oct. 12

Mami Kobayashi

 

Ritsumeikan University,
NYU Stern visiting scholar

“Financial shock, interbank interest rates, and banking system soundness”

This paper provides a model of banks' liquidity management, which aims to protect them from a financial shock through interbank trading. The market rate is set in a forward-looking manner to reflect interbank market tightness, which depends on the type of financial shock, as characterized by its probability and severity. Focusing on the role of interbank trading in shaping a bank as a deposit-taking institution, the low interest rate pinned to the interest rate on reserves and minimum requirements of both capital and liquidity are optimal as long as the anticipated shock is a low probability and high severity type.

Oct. 26

Silvia Bellezza

Columbia University

 

“Conspicuous Consumption of Time: When Busyness and Lack of Leisure Time Become a Status Symbol”

While research on conspicuous consumption has typically analyzed how people spend money on products that signal status, we investigate conspicuous consumption in relation to time. We argue that a busy and overworked lifestyle, rather than a leisurely lifestyle, has become an aspirational status symbol. A series of studies shows that the positive inferences of status in response to busyness and lack of leisure are driven by the perceptions that a busy person possesses desired human capital characteristics (competence, ambition) and is scarce and in demand on the job market. This research uncovers an alternative kind of conspicuous consumption that operates by shifting the focus from the preciousness and scarcity of goods to the preciousness and scarcity of individuals. 

Nov. 2

James Feigenbaum

 

Utah State University

 “Transition Dynamics of a Mass Deportation” 

In discussions about immigration, the possibility of deporting the whole population of illegal immigrants is often bandied about. Most economists, and probably most people, intuit that this would be a bad idea, but rigorous arguments are difficult to find. Here we construct a simple three-period overlapping-generations model with high- and low-educated workers. Illegal immigrants are assumed to be subsumed within the class of low-educated workers. We study the transition dynamics following the deportation of a large fraction of low-educated workers. In the long run, the economy returns to the original intrinsic equilibrium, albeit with a smaller population and GDP. In the very short run, the deportation acts similarly to a redistributive tax, transferring income from the high-educated workers to the low-educated workers. Since low-educated workers far outnumber high-educated workers, the detrimental effect on an individual high-educated worker is much larger than the benefit accruing to an individual low-educated worker.

Nov. 9

Donghoon Lee

Federal Reserve Bank of New York

“Overview of the US Household Debt: 1999-2016”

An analysis of the New York Fed’s Consumer Credit Panel reveals that the US household debt went through a volatile leveraging and deleveraging cycle in the periods of 1999-2016. Leading to the financial crisis in 2008-2009, US household extracted equity from housing, while at the same time increasing the balance on credit cards, auto loans and student loans. However, since the onset of the financial crisis, households have reduced their outstanding debt by about $1 trillion. While part of this reduction stemmed from a historic increase in consumer defaults and lender charge-offs, particularly on mortgage debt, other factors were also at play. Households actively reduced their obligations during this period by paying down their current debts and reducing new borrowing. These household choices, along with banks’ stricter lending standards, helped drive this deleveraging process.

Nov. 30 Natalia Reisel

 

Fordham University

“Why are firms sold? Evidence from acquisitions of European private firms ”

We examine motives to sell private firms and provide insights into the sources of value creation from acquisitions of private targets. Using a novel dataset, we document that less profitable, highly leveraged private firms that tend to underinvest are likely to be sold. Further, these firms experience a high level of top management turnover around the period of the acquisitions and this turnover is sensitive to poor firm performance. Additionally, we find significant improvement in firm performance such as profitability and sales growth following the acquisitions. These firms also adjust their capital structure towards lower leverage. By and large, our results suggest that sales of private firms facilitate the transition of assets to a more efficient use.

Dec. 7 Carolyn Predmore and Students

 

Manhattan College

“Big Data for Small Businesses” TBA