Posts Tagged ‘Umesh Kumar’

SUNY Chancellor’s Award Winners Honored at SUNY Canton Commencement

Tuesday, May 3rd, 2016

SUNY Canton will be honoring four faculty and staff members alongside nearly 900 graduates at its 108th Commencement Ceremony.

Commencement will be held at 10:30 a.m. Saturday, May 7, at SUNY Canton’s Roos House Convocation, Athletic and Recreation Center.

Among those receiving special recognition this year are:

  • Michelle CurrierMichelle L. Currier, director of library services, received the Chancellor’s Award for Excellence in Professional Service for helping to transform Southworth Library Learning Commons into one of the best libraries in the SUNY System. Among other improvements, Currier has increased the library’s technology offerings by adding iPads, expanding the electronic textbook collection and increasing the number of circulating laptops. She has engaged students through the use of platforms such as Twitter, Facebook, YouTube and SoundCloud. Currier has also met student requests for expanded library hours on weekends and 24-hour availability during midterms and finals. As a result of improved customer service, the library won the prestigious Joseph F. Shubert Excellence Award from the New York State Regents Advisory Council on Libraries, in addition to becoming the highest-ranked library as determined by students in the SUNY-wide student opinion survey.
  • William JonesAssociate Professor William T. Jones, J.D., received the Chancellor’s Award for Excellence in Faculty Service. Jones teaches in the Business Administration and Legal Studies programs and is also the chair of the Business Department. He has become one of the college’s top advocates for Native American students. He helped orchestrate the first-ever round table discussion with members of the Six Nations tribes to help envision and guide the creation of a Haudenosaunee University. He is the faculty advisor for the new Native American Student Association and the men’s soccer team. Jones’ educational and professional careers have been built on public service. Prior to joining SUNY Canton, he held faculty positions at SUNY Oswego, was a law enforcement officer with the Sackets Harbor Police Department, was a New York State certified police instructor and a corrections officer.
  • Umesh KumarAssistant Professor Umesh Kumar received the Chancellor’s Award for Excellence in Scholarship and Creative Activities for his role as a collaborative scholar. Kumar teaches in the Finance program and recently advocated for and assisted with the design of the college’s Business Learning Center, which employs new technology to help students analyze stock market data in real time. He’s held in high regard for helping students develop a comprehensive understanding of the financial industry. He also led the creation of the Investment Club, which has allowed more than 600 students to gain real-world investing experience. He has won four awards from the Academy of Business Research with collaborator Brian K. Harte, Ph.D. Together, they have presented research related to retirement investing and the financial implications of corporate crime. His work has also been published in a number of peer-reviewed journals, including Climate and Development, the Journal of Future Markets, and the Global Finance Journal.
  • Di ParaProfessor Diane J. Para, Ph.D., received the Chancellor’s Award for Excellence in Teaching. In addition to her faculty position, Para is the director of the Sports Management and Health and Fitness Promotion programs. She was nominated by her peers for this award for enriching athletic and academic experience for students during her 27-year career at the college. Prior to her academic career, Para served as the college’s athletic director and helped lead the transition from a two to a four-year athletic program. She was a member of the design team for the college’s Roos House Convocation, Athletic, and Recreation Center and was instrumental in advocating for facility improvements such as a new turf field, baseball field and softball field. She earned the SUNY Canton President’s Meritorious Service Award in 2007.

For more information about SUNY Canton’s Commencement, visit www.canton.edu/commencement.

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 engineering technology, health, management and public service and recently received number one rankings in library resources, library services and tutoring services in the SUNY Student Opinion Survey. The college’s 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 ten exclusively online bachelor’s degrees. The college’s 15 athletic teams compete as members of the NCAA Division III.

SUNY Canton Faculty Member Researches the Economics of Climate Change

Tuesday, December 8th, 2015

Developing countries should be offered incentives to help address global environmental concerns, according to SUNY Canton Assistant Professor Umesh Kumar, Ph.D.

Kumar recently released the paper “Market Based Incentives in Developing Countries: Geographical Dispersion, Antecedents and Implications of the Clean Development Mechanism,” co-authored with Dr. John Fay, co-founder of the Social and Ecological Management Fund. Their research was selected for publication in Climate and Development, an international peer-reviewed journal.

Umesh Kumar

Their research uses the Human Development Index (HDI), a statistic that helps rank countries by combining life expectancy, education and individual income levels.

“We’ve found that the HDI is a crucial factor for a country to take advantage of the financial incentives to reduce greenhouse gases offered by developed nations,” Kumar said. “The findings of this article suggest that countries that have not achieved a minimum service level of basic needs, or have a low HDI, are unlikely to commit the resources for reducing emissions, even with economic incentives.”

Funding through the Clean Development Mechanism for emission reduction project should be targeted toward developing countries, including Sub-Saharan Africa, to best inspire results on a global scale, according to the research.

Kumar teaches in the Finance program and has previously won four awards through the Academy of Business Research for his economic studies with SUNY Canton Professor Brian K. Harte, Ph.D.

 

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 engineering technology, health, management and public service and recently received number one rankings in library resources, library services and tutoring services in the SUNY Student Opinion Survey. The college’s 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 ten exclusively online bachelor’s degrees. The college’s 14 athletic teams compete as members of the NCAA Division III.

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 Researchers Say Investors Don’t Buy Bad Business

Thursday, November 6th, 2014

Corporate crime doesn’t pay for a company trying to gain or retain investors, according to two SUNY Canton faculty members’ research.

Professor Brian K. Harte, Ph.D., and Assistant Professor Umesh Kumar, Ph.D., recently received a best paper in session award at the Academy of Business Research fall international conference. Their presentation, “Investor Response to Convicted Firms Within and Outside of the United States,” examines stakeholders’ reaction to firms convicted of corporate wrongdoing.

kumar-harte

SUNY Canton’s Umesh Kumar, Ph.D., and Brian K. Harte, Ph.D., discuss how corporate crime impacts investor confidence. They recently presented award-winning research on the topic

Corporate crimes, even those committed outside of the United States result in a loss in investors’ confidence. These crimes also result in a loss of firm value in the long-term. This effect was found to be more significant when a firm is convicted for corporate crimes within the United States.

“Corporate crimes dent investors’ confidence severely,” Harte said. “It is important from an investors’ perspective to know whether or not a firm is convicted and the associated size of monetary penalties received for firms’ both inside and outside of the United States.”

Top global firms have been prosecuted and penalized for their corporate delinquency, including antitrust, fraud, environmental, health and safety laws, among other statutes. The researchers analyzed 127 businesses from the top global firms during 2001-2010.

“Our research shows that investors punish convicted firms by lowering equity premium,” Kumar said. “The higher the penalty imposed on firms convicted for crimes outside the United States, the higher the negative response is from investors.”

The two faculty members will be publishing their research at a later date.

 

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 eight exclusively online bachelor’s degrees. The college’s 14 athletic teams compete as provisional members of the NCAA Division III and the USCAA.

SUNY Canton Opens Wall Street Inspired Business Classroom

Thursday, September 4th, 2014

A $20,000 pledge from Alesco Advisors helps students access and analyze current financial information as part of their business education.

Business students can become savvy investors in SUNY Canton’s new Business Learning Center.

The new learning space in the recently renovated Cook Hall Room 100 features a large interactive touch screen display showing financial indicators and an LED stock ticker displaying real-time stock prices of major companies. The classroom was designed specifically for students taking classes in the Finance, Management, Business Administration and Accounting programs.

SUNY Canton Business

“The space gives our students an opportunity to further explore long and short-term investing practices and their impact on business,” said Jondavid S. DeLong, dean of the school of business and liberal arts. “It certainly enhances the student experience in all of our business-related programs.”

Representatives from the SUNY Canton College Foundation noted that a charitable gift from Alesco Advisors of Pittsford for $20,000 over five years helped create the learning environment. Alesco is a U.S. Securities and Exchange Commission registered investment advisory firm managing $2.5 billion for institutional and high net worth clients.

“We are delighted and proud to assist in the establishment of the stock exchange classroom, as well as the exciting growth of SUNY Canton,” said Todd D. Green, Alesco’s chief investment officer.

The College Foundation also supports the Investment Club, which will operate in the space in conjunction with other Business programs. Investment Club students have the opportunity to invest actual funds in a range of long-term investments and track results to build an asset base to support scholarships.

“The college created the Business Learning Center for students to help provide a hands-on learning experience with investments,” said Assistant Professor Umesh Kumar, a business faculty member who helped design the new classroom.

Improvements were made as part of the Cook Hall renovation project. Across the hall from the investment center, the Funeral Services Administration program has moved into a new chapel and student workspace. The college also recently completed brand-new classrooms on the second floor of the building.

 

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 eight exclusively online bachelor’s degrees. The college’s 14 athletic teams compete as provisional members of the NCAA Division III and the USCAA.

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.

Media inquiries should be directed to Gregory Kie, Media Relations Manager, or call 315/386-7527.

 

Two SUNY Canton Professors Earn Recognition for Research

Thursday, November 10th, 2011

Investors today are more likely to put their money and trust in companies that demonstrate corporate social responsibility, according to two SUNY Canton professors.

A research paper written by Associate Professor of Criminal Justice Brian K. Harte, Ph.D., and Assistant Professor of Finance Umesh Kumar was recently awarded “Southern Journal of Business and Economics Best Paper in Economics.” Their paper titled, “Corporate Social Responsibility and Investor Response in the Post-SOX Era.” was recognized at the Academy of Business Research Fall International Conference in Atlantic City, N.J., in September.

Brian Harte and Umesh Kumar

The paper examines Corporate Socially Responsible (CSR) behavior within convicted Fortune 500 companies and how it has become a cornerstone in corporate America, particularly in the post Sarbanes-Oxley (SOX) Act era. CSR policy encourages companies to take responsibility for their actions and have a positive impact on the environment, consumers, employees, communities, stakeholders and beyond.

 “Corporate Social Responsibility became increasingly important for investors after companies such as Enron came under fire,” Harte said. “The SOX Act was enacted to try and create transparency for investors and curb unethical corporate behavior by providing severe punishments for both criminal offenders and the firms they represent. Before it was enacted, responsibility did not fall on single individuals within companies, but rather on the Boards within those companies. Now, many CEOs and CFOs have taken on the individual responsibilities if something goes wrong so there is a tangible person to assign blame to if need be.”

“Our research shows that companies who demonstrate social responsibility are being rewarded by investors,” Kumar noted. “Convicted firms adopting high levels of CSR behavior, garner more positive investor response in the Post-Sox era.”

The paper has not been published in its entirety yet.

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

Media inquiries should be directed to Gregory Kie, Media Relations Manager, or call 315/386-7527.