CABRC 2023

Professor Dr George Michael Constantinides delivered his opening speech and declared the conference open.

Professor Dr George Michael Constantinides is a Leo Melamed Professor of Finance at the University of Chicago, IL, USA

Professor Dr Mark L. Frigo delivered his keynote speech during the conference.

Professor Dr Frigo is Ezerski Endowed Chaired Professor of Strategy and Leadership Emeritus and Professor of Accountancy Emeritus at DePaul University, Chicago, IL, USA

Dr Mark L. Frigo

Professor, Educator, Author, Speaker, Thought Leader, Board Member

Kellstadt Graduate School of Business, DePaul University, USA

Dr Mark L. Frigo, PhD, CPA, CMA, CGMA is founding Director of the Center for Strategy, Execution and Valuation and the Strategic Risk Management Lab in the Kellstadt Graduate School of Business at DePaul University in Chicago where he directs ongoing research on value creating strategies at high performing companies. His innovative curriculum and thought leadership in Strategy, Execution and Valuation was instrumental in helping DePaul develop the largest AACSB accredited part-time MBA program in North America while being ranked in the Top 10 by US News & World Report. Based on this work, he was the recipient in 2019 of the prestigious Via Sapientiae Award, DePaul University’s highest honor for faculty where he continues his work at an active Professor Emeritus.

Dr Frigo is Ezerski Endowed Chaired Professor of Strategy and Leadership Emeritus and Professor of Accountancy Emeritus at DePaul where he is active in designing and teaching graduate seminar courses, special topic modules, executive education programs and directing DBA dissertations. Dr Frigo served as a tenured full professor; starting his academic career at DePaul in 1980. His stated mission and purpose is “to co-create working knowledge and new insights with my research partners and to share it in my writing, teaching, speaking, advising and consulting to make the world a better place”. He serves as a visiting professor and visiting scholar at leading business schools and universities throughout North America, Europe and Asia-Pacific. Dr Frigo serves as an advisor to boards of directors and executive teams.

Author of seven books and over 145 articles, his work is published in leading business journals including Harvard Business Review. Dr Frigo is a Certified Public Accountant (CPA), a Certified Management Accountant (CMA), a Chartered Global Management Accountant (CGMA) and holds a Ph.D. in Econometrics. He is co-author of the book DRIVEN: Business Strategy, Human Actions and the Creation of Wealth (with Joel Litman) which is used by executive teams and boards of directors to drive superior and sustainable value creating performance and a forthcoming book by Stanford University Press DRIVEN STRATEGY: Creating Greater Long-Term Sustainable Value.

Dr Frigo’s current research and teaching focuses on long-term sustainable value creation, strategic valuation, life-cycle analysis, strategic risk management and achieving corporate purpose through innovation. He is a pioneer in the evolving body of knowledge in Strategic Risk Management. His thought leadership in the area of Strategic Risk Management and Risk Governance have been published by Harvard Business Press, The Conference Board, Risk and Insurance Management Society (RIMS), COSO, American Institute of CPAs (AICPA), Institute of Internal Auditors (IIA), Financial Executives International (FEI), ICAEW (Institute of Chartered Accountants in England and Wales), CIMA (Chartered Institute of Management Accountants), IMA (Institute of Management Accountants), IMA Research Foundation, Financial Executives Research Foundation, and other leading organizations. Dr Frigo served at a charter member of the RIMS Strategic Risk Management Development Council and co-authored the RIMS Strategic Risk Management Implementation Guide.

He is co-author (with Richard J. Anderson) of the 2020 COSO report Creating and Protecting Value: Understanding and Implementing Enterprise Risk Management which describes a Strategic Risk Assessment Process designed for Boards of Directors and executive teams for improving risk governance. He is the co-author with Paul L. Walker of The Strategic Financial Executive: Managing Risk in a Disruptive World (Financial Executives Research Foundation 2017); co-author with Hans Læssøe of “Strategic Risk Management the LEGO Group: Integrating Risk Management and Strategy” Strategic Finance (February 2012); co-author with Venkat Ramaswamy, of “Co-Creating Strategic Risk-Return Management” Strategic Finance (May 2009); and co-author with Mark Beasley of “Strategic Risk Management: Protecting and Creating Value” Strategic Finance (May 2007).

Dr Frigo has presented keynote presentations and executive education programs to thousands of executives throughout North America, Europe and Asia-Pacific. He is an advisor to CEOs, CFOs, executive teams and boards at Fortune 500 companies in strategy and leadership and in developing innovation strategies that drive superior long-term sustainable value-creating performance. Dr Frigo has presented keynotes and executive education programs at Kellogg Northwestern Executive Management Institute, Chicago Booth, Harvard Club of Boston, Northwestern Medical School, The Conference Board, The Chicago Club, University of Geneva (Switzerland) Executive MBA program, University of Siena (Italy), IPADE Business School (Mexico), Singapore Executive Institute, New Zealand CFO Summit and corporate events and retreats at Fortune 500 companies.

He is the three-time recipient of the prestigious Economos Distinguished Teaching Award in the DePaul University Kellstadt Graduate School of Business, the DePaul University Excellence in Teaching Award, the Outstanding Accounting Educator of the Year Award in the State of Illinois and numerous awards by professional organizations for his executive education programs and he was profiled in Crain’s Chicago Business in an article about top Business School professors.
His professional career has included working as a financial analyst in corporate mergers and acquisitions, corporate strategic planning, litigation support, banking and management consulting in strategic services at KPMG.

He serves on the Board of Directors of Keeper Security, Inc. a leading cybersecurity software company and serves on the Advisory Boards of startups and advises Boards of Directors and Executive Team in the areas of strategic valuation and strategic risk management. His clients included PwC, Deloitte, Abbott Laboratories, AbbVie, Kraft Foods, Caterpillar, CNA Insurance, Cisco Systems, Juniper Networks, Oracle, Collins Aerospace, Amkor, Grant Thornton, Driscoll’s, Motorola, Caterpillar, Ingredion, United Nations agencies in Geneva, Switzerland and other leading organizations.

Dr George Michael Constantinides

Leo Melamed Professor of Finance

The University of Chicago Booth School of Business

Dr. Constantinides holds degrees from Oxford and Indiana Universities and currently serves as the Leo Melamed Professor of Finance at the University of Chicago Booth School of Business. His research interests focus on the valuation of primary assets and derivatives, with emphasis on incomplete markets, non-standard preferences, transaction costs, and learning. He has made significant contributions in addressing the causes of the historically observed premium of equity returns over bond returns. His research has appeared in leading economics and finance journals.

Dr. Constantinides is a Fellow and past President of the American Finance Association. He is a founding member and past President of the Society for Financial Studies. He is editor or associate editor of several finance journals. He is currently research associate of the National Bureau of Economic Research and member of the advisory board of FTSE Russell. He serves as Director/Trustee of the DFA group of funds and trusts.

Multidisciplinary

Professor Dr Madhumathi Rajendran

Australia

Canada

India

Lithuania

Puerto Rico

United Kingdom

United States

8:45 AM-9:00 AM	Start-up
9:00 AM-9:05 AM	Inaugural Speech by Conference Secretary.
9:05 AM- 9:15 AM	Inaugural Speech by Professor George M. Constantinides, Booth School of Business, the University of Chicago, USA.
9:15 AM- 9:45 AM	Keynote Speech, Professor Mark L. Frigo, Kellstadt Graduate School of Business, DePaul University, Chicago, USA.
9:45 AM – 10:00 AM	Break
10:00 AM- 1:00 PM	Concurrent Session
1:00 PM	Close concurrent session

8:00 AM-9:30 AM

Doctoral Colloquium

CABRC 2023 Full Program

Opening Session and Concurrent Session

8:45 AM-9:00 AM	Start-up
9:00 AM- 9:05 AM	Inaugural Speech by Conference Secretary
9:05 AM- 9:15 AM	Inaugural Speech by Professor George M. Constantinides
9:15 AM- 9:45 AM	Keynote Speech, Professor Mark L. Frigo
9:45 AM- 10:00 AM	Break
10:00 AM- 12:40 AM	Concurrent Session: Multidisciplinary Track Session Chair: Professor Madhumathi Rajendran
10:00 AM	Good Intentions Gone Wrong: How the Revealing of IP Location on Social Media Impacts User Behaviour Author(s): Yunshu Hu, Weiqi Wang, Qichang Zheng, University of Chicago, USA
10:20 AM	Do Shareholder-CEOs and Professional-CEOs Differ in Firm Performance? Evidence from Nasdaq Baltic Author(s): Donatas Voveris, Universitas Vilnensis, Lithuania
10:40 AM	The Performance of Sustainability Aeronautics: A Bibliometric Analysis Author(s): Donna V. Jones, Abolade Olayinka Makinde, Olaf Weber, University of Waterloo, Canada
11:00 AM	Sequential Search and Weak Signals Author(s): Jeong Hyun Lee, Columbia University, USA
11:20 AM – 11:40 AM	Break
11:40 AM	Reaction of Learners to the Practice Experience at the Workplace and its Effect on Future Employability  Author(s): Ainur Bulasheva, University of Reading, United Kingdom
12:00 AM	The Correlation Between Adaptive Leadership and Change Management Processes in a Puerto Rican Sample Author(s): Nicole Hernández-Santiago, The University of Puerto Rico, Rio Piedras Campus
12:20 PM	Dynamics of Credit Risk Management in India Author(s): Madhumathi Rajendran, Viswanathan Balakrishnan, Ranganatham Madabhushi, Indian Institute of Technology Madras, India
12:40 PM	Augmented Reality in Advertising: An Exploratory Study Author(s): Travis Zhang, Eastside Catholic School, USA, and Dan Li, Widener University, USA.
1:00 PM	Close Concurrent Session
1:00 PM	Close for the day

Doctoral Colloquium