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Faculty Research Prolific researcher joins faculty Timothy A. Judge, one of the most widely published research- ers on how people's individual differences—psychological and physical—affect success in the workplace, has joined the College as Franklin D. Schurz Professor of Management. Judge, who in his career has published more than 130 articles in refereed journals, is a fellow of the Academy of Management, the American Psychological Association and the American Psychological Society. He serves on the editorial review boards of eight journals, including the Academy of Management Journal, and he is a member of the academy's board of governors. Writing the book on negative financial words Finance professors Timothy Loughran and Bill McDonald studied more than 50,000 10-Ks filed during 1994-2008 to examine whether the Harvard Psychosocio- logical Dictionary could be used to identify problems in the financial statements. In "When is a Liability not a Liability? Textual Analysis, Dictionaries, and 10-Ks," published in The Journal of Finance, the researchers reported that certain, often negative words such as "liability" and "expense" actually have straightforward meanings within the context of a company's 10-K. They proposed an alternative list of 2,337 words that are more likely to indicate problems when used to describe operations. Their resulting Notre Dame Finance Dictionaries was licensed by Dow Jones for use in its new products that perform semantic analysis of its news feeds. Half-million-dollar grant funds study on callings Management Professor Matt Bloom has been awarded a five- year, $500,000 Lilly Endowment grant to study well-being at work among people in the caring profes- sions. The project, "Flourishing in Ministry," involves a longitudinal study of a group of Indiana clergy and their families. Bloom and Robert Bretz, the College's Joe and Jane Giovanini Professor of Management, hope to answer such questions as what constitutes a calling and why people lose the sense of being called. The findings should be relevant to other occupations, the authors say. A new definition for marketing Marketing professors William L. Wilke and Elizabeth S. Moore have published several papers recently that take the very definition of "marketing" back to the drawing board. Focusing on marketing's impact on society, their research examines the concept of marketing as defined historically by the American Marketing Association, and proposes a new definition that expands scholarship and meaning, given current trends. Recent publications include: "Advancing the Study of Marketing's Impacts on Society: JPP&M as a Keystone of the Academic Infra- structure" (Journal of Public Policy & Marketing, 2011); and "Expanding Our Understanding of Marketing in Society" (Journal of the Academy of Marketing Science, forthcoming). Wilke is the Aloysius and Eleanor Nathe Professor of Marketing Strategy and Moore is the Notre Dame Associate Professor of Marketing. Executive discipline post-SOX Accountancy Professor Jeffrey Burks has studied the disciplinary actions that corporate boards have taken since Sarbanes-Oxley (SOX) was passed in 2002. After elimi- nating obvious fraud cases, Burks' research, published in 2011 in the Journal of Accounting and Public Policy, found after a restatement: • CEOs were more than twice as likely to be penalized by losing a bonus as they had been prior to SOX. But few, if any, CEOs were forced out of their jobs. • CFOs, however, lost their positions at twice the rate as they had before the passage of SOX. But they did not always get fired. About a third of the time, the CFOs were reassigned to a new position within the same company at the same or higher salary. Term Chairs Frank K. Reilly Bernard J. Hank Professor of Finance David N. Ricchiute Deloitte & Touche Professor of Accountancy Thomas F. Schaefer KPMG Professor of Accountancy Paul H. Schultz John W. and Maude Clarke Professor of Finance John F. Sherry Jr. Ray W. and Kenneth G. Herrick Professor of Marketing William L. Wilkie Aloysius and Eleanor Nathe Professor of Marketing Strategy Carolyn Y. Woo Martin J. Gillen Dean and the Ray and Milann Siegfried Professor of Entrepreneurial Studies Shane A. Corwin Viola D. Hank Associate Professor of Finance Ken Kelley Viola D. Hank Associate Professor of Management Elizabeth S. Moore Notre Dame Associate Professor of Marketing James A. Seida Viola D. Hank Associate Professor of Accountancy Endowed Directors Thomas Harvey Luke McGuinness Director of Master of Nonprofit Administration James S. O'Rourke IV Arthur F. and Mary J. O'Neil Director, Fanning Center for Business Communications Ann Tenbrunsel Rex & Alice A. Martin Professor for Business Ethics 29