Seminar

28 NOV 2016 Seminar

Series of Dept Research Seminars - “An Empirical Investigation on the Choices of Supply Chain and Operations Management Executives " (Date: 12 January 2017)

Prof. Vinod Singhal

This seminar provides empirical evidence on the performance effects and choice of appointments of Supply Chain and Operations Management Executives (SCOMEs). The analysis is based on a sample of 681 SCOME appointments that are publicly announced during 2000-2011 period. We find that the stock market reaction is positive on the day of the announcement. Categorizing the SCOME appointments as new/old and insider/outsider, we find the market reaction for newly created SCOME positions is positive. The market also reacts more positively when a SCOME is an outsider rather than an insider. The strongest positive reaction is observed when outsiders are hired for newly created SCOME positions. We find evidence of both poor stock price performance and poor operating performance in the period preceding the appointment of new SCOMEs. New SCOME appointments are not followed by an immediate improvement in stock price and operating performance. However, there is no further decline in performance suggesting that the decline observed in the pre-appointment period does not appear to continue after the new SCOME is appointed. We also find that the likelihood of a SCOME being an outsider is greater for firms that are smaller, operate in more concentrated industries, and have experienced poor prior performance.

All are welcome and no prior registration is in need.

Date	12 January 2017 (Thursday)
Time	16:30-17:30
Venue	HW 828
Speaker	Vinod Singhal is the Dunn Family Professor of Operations Management at the Scheller College of Business at Georgia Institute of Technology, Atlanta, USA. He has a Bachelors in Mechanical Engineering from BITS, Pilani, India; MBA from IIM Ahmedabad, India; and Ph.D. from University of Rochester; Rochester, USA. Prior to joining Georgia Tech., he worked for three years as a Senior Research Scientist at General Motors Research Labs. Vinod’s research has focused on the impact of operating decisions on accounting and stock market based performance measures. His research has been supported through grants from the US Department of Labor, National Science Foundation, the American Society of Quality, and the Sloan Foundation. He has published extensively in academic journals and has made more than 100 presentations at different universities. His research has been recognized in the practitioner community through his many articles in industry-practitioner journals and frequent invited presentations as keynote speaker at practitioner conferences. His work has been cited well over 200 times in practitioner publications such as Business Week, The Economist, Fortune, Smart Money, CFO Europe, Financial Times, Investor’s Business Daily, and Daily Telegraph. Vinod is a Departmental Editor of Production and Operations Management, and Associate Editor of Journal of Operations Management, Management Science, and Manufacturing and Service Operations Management. He is on the Academic Advisory Board of the European School of Management and Technology, Germany. He has served on the Board of Examiners of the Georgia Oglethorpe Award, Bell South’s President Quality Award, and the Baldrige Board of Examiners. Vinod’s teaching interests include operations strategy and supply chain management. He has taught at the undergraduate, MBA, executive, and PhD programs and has won teaching awards at the MBA level. His contributions to curriculum development are diverse and deep including those made while serving as Associate Dean of MBA Programs and area coordinator of Operations Management. He has contributed to teaching at an international level, as well, by offering research workshops in countries including Australia, China, France, Hong Kong, New Zealand, Singapore, Sweden, and United Kingdom.

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