Posts Tagged ‘Academy of Business Research’

Intelligent.com: SUNY Canton Ranks Among the Top Finance Degree Programs in the U.S.

Tuesday, November 26th, 2019

Investments made during college classes help create scholarships and add to the hands-on experience.

SUNY Canton has been recognized as a top ranked institution offering one of the best Bachelor of Business Administration in Finance programs by Intelligent.com. The college ranked 12th of 44 public institutions across the nation.

The comprehensive research guide is based on an assessment of 1,604 accredited colleges and universities. Each program is evaluated based on curriculum quality, graduation rate, reputation, and post-graduate employment. SUNY Canton’s program is offered both online and in person with some flex classes where students can choose both formats.

Pictured is Umesh Kumar, Ph.D., associate professor and curriculum coordinator for SUNY Canton’s Finance program. Finance was recently ranked 12th of 44 public institutions across the nation by intelligent.com and Kumar has authored research papers corresponding with the subjects he instructs.

Finance is recognized among the college’s career-driven business programs for helping students learn about short and long-term investments. In 2011, the Canton College foundation provided $25,000 to practice stock market trading. As a class, the students research potential investments and choose how to best invest the seed money. The original funding has almost quadrupled, and now funds a scholarship for students entering the business programs.

“The current balance exceeds $85,000 in addition the $15,000 used to fund scholarships,” said Umesh Kumar, Ph.D., associate professor and curriculum coordinator for the program. “The students take to this project exceptionally well. The students are very happy to see how well the investments perform.”

Faculty Research

Kumar was recently the co-recipient of a best paper award at the Academy of Business Research Conference for “Electric Power Interruptions and Economic Output for Individual Sectors.” The paper examines industry-wide impacts of power outages across the United States and consequent cost-benefit for specific industries. The project was a collaboration with former SUNY Canton faculty member Brian K. Harte, Ph.D.

“Our productive output is not the same when we face a two-hour outage even here in Upstate New York,” Kumar said. “We are not quantifying the disruption in a dollar amount, but rather how much of a percentage of economic impact will be affected.”

Research findings indicate that economic output suffers most due to weather related electric interruption. Sectors employing more low-income workers are vulnerable and economic losses for those areas is significant.

Kumar was also the co-recipient of a best paper award in 2018 from the same conference on “Analyzing Closed-End Funds Performance and Tax Reforms.” The paper was a collaboration with Edouard K. Mafoua, a SUNY Canton economics professor who teaches in the business programs.

The Future of Financial Education

The next big advancement in the Finance program includes micro-credentials to recognize professional learning. By completing three related classes, students can earn college certification in Financial Accounting, Financial Analysis and Personal Finance.

These skill-based qualifications are designed to provide a student or professional with specific knowledge and abilities immediately applicable in a specific area.

“A nine-credit micro-credential offers a more robust course cluster for students who want to personalize their education beyond a traditional major or minor,” Kumar said. “They also offer more value to prospective employers.”

About SUNY Canton

SUNY Canton is Northern New York’s premier college for career-driven bachelor’s degrees, associate degrees and professional certificate programs. The college delivers quality hands-on programs in digital design, engineering technology, health, management and public service. Faculty members are noted for their professional real-world experience in addition to outstanding academic credentials. As SUNY’s leader in online education, SUNY Canton OnLine offers hundreds of flexible and convenient courses as well as 18 online degree programs. The college placed first in 14 categories in a SUNY-Wide Student Opinion Survey, most notably in career services, tutoring, library resources, and classroom facilities. The college’s 15 traditional athletic teams compete at the NCAA Division III level as part of the North Atlantic Conference. SUNY Canton also offers varsity esports and cheerleading. 

Why Gambling With Retirement Investments Isn’t A Good Bet

Thursday, October 22nd, 2015

Long-term mutual fund investments can weather economic uncertainty when planning for retirement, according to two SUNY Canton faculty members’ latest research.

“You might win big by dropping a mutual fund and reinvesting, but you also might lose everything,” said Professor Brian K. Harte, Ph.D. “Long term investments or lifecycle funds aren’t as much of a gamble.”

Harte & Kumar

SUNY Canton Professor Brian K. Harte and Assistant Professor Umesh Kumar recently won an award for a paper highlighting their research into long-term lifecycle or mutual fund investments.

Harte and Assistant Professor Umesh Kumar recently received Best Paper in Accounting and Economics at the Academy of Business Research Fall Conference. Their jointly authored paper, “Analyzing Mutual Funds of Various Target Dates for Retirement,” analyzes the performances of long-term investments based on more than 1,000 target date mutual funds from 2010 to 2060.

“Many people plan for retirement based on a specific date,” Harte said. “Our research indicates that individuals stand to earn more by leaving their money in mutual funds until that date rather than trying to reinvest as a means to manage economic downturns.”

Some may see their mutual fund value fall during a recession, but should still leave their investment alone, according to the researchers.

“Funds invested through financial institutions tend to perform better than other riskier ventures,” Kumar said. “Investments are moved to more conservative assets as the funds mature, removing more uncertainty than other schemes.”

Harte teaches in the college’s Criminal Justice program and Kumar teaches in the Finance program. Together, they have now won four awards for their business-related research and publications. Three of their awards have been from the Academy of Business Research, an international society of scholars and practitioners who exchange ideas and collaborate in a conference setting.

 

About SUNY Canton

SUNY Canton is Northern New York’s premier college for career-driven bachelor’s degrees, associate degrees and certificate programs. The college delivers quality hands-on programs in engineering technology, health, management and public service.  Faculty members are noted for their professional real-world experience in addition to outstanding academic credentials. SUNY Canton OnLine offers hundreds of flexible and convenient courses as well as 10 exclusively online bachelor’s degrees. The college’s 14 athletic teams compete as members of the NCAA Division III.

SUNY Canton Professors’ Research Wins Award

Friday, October 19th, 2012

A research paper written by SUNY Canton’s Associate Professor of Criminal Justice Brian K. Harte, Ph.D., and Assistant Professor of Finance Umesh Kumar was recently awarded “Best Paper in [the] Financial Economics Session” at the Academy of Business Research Fall International Conference in Atlantic City, N.J.

Umesh Kumar and Brian Harte

Their paper titled, “The Regulation of the Foreign Corrupt Practices Act and Investor Response,” which analyzes investors’ response to firms that were convicted under the Foreign Corrupt Practices Act (FCPA) of 1977, was presented at the September conference.

In recent years, federal authorities have increased their attention toward firms violating FCPA compliance. If a firm is prosecuted and convicted under FCPA compliance, it affects not only the firm’s business interests but also the shareholders and consumers’ confidence. Their study analyzes 52 firms convicted for violations of the FCPA during 2006-2011.

“A firm operating internationally has to ensure that it doesn’t indulge in bribing a foreign official to seek business opportunities and also maintain a proper system of internal controls,” Harte said.

“Our research shows that investors are wary in making more investments in a convicted firm,” Kumar noted. “In fact, consumer confidence also suffers for these firms as sales growth becomes sluggish.”

The paper has not been published in its entirety yet. Their research paper “Corporate Social Responsibility and Investor Response in the Post-SOX Era” was also recognized as the Southern Journal of Business and Economics Best Paper in Economics at the Academy of Business Research Fall International Conference last year.

The Academy of Business Research is an international society of scholars and practitioners who exchange ideas and collaborate in a conference setting.

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