Step Up and Be Recognized as a Centennial Champion

The Hankamer School of Business (HSB) is celebrating 100 years of cultivating principled leaders and serving the global marketplace through transformational learning and impactful scholarship in a culture of innovation guided by Christian values.

In honor of the Business School’s centennial celebration, Emerson and Cecilia Hankamer graciously gifted $250,000, which established the Hankamer School of Business Centennial Champions fund. This fund will assist HSB in developing, promoting and executing activities and strategic initiatives in recognition of its centennial from August 2023 to May 2025.

In addition, this fund will be used to honor the founders, alumni, faculty and students that acted as champions of a far-reaching vision that brought HSB into national prominence.

The Hankamers now challenge you to give alongside them. Alumni, students, faculty and friends are all invited to become an HSB Centennial Champion with a gift of $100 or more.

HSB Centennial Champions will be recognized in the Baylor Business Review magazine, the HSB website, videos and social media, and displayed in the atrium of the Paul L. Foster Campus for Business and Innovation.

Are you an alum of the Hankamer School of Business and live outside of the U.S.? We would love to connect and learn more about what you are doing.

Update your contact information in the Baylor Alumni Network Directory at baylor.edu/keepintouch

Connect directly with the Hankamer School of Business at bbr.baylor.edu/submit-alumni-news

Trey Hagins
Managing Director of Development
254-710-1982
Trey_Hagins@baylor.edu

Jamie Youens
Director of Development
254-710-8415
Jamie_Youens@baylor.edu

Adam Contreras
Assistant Director of Development
254-710-7036
Adam_Contreras@baylor.edu

Baylor Business Buzz

Baylor Announces Hannah Stolze, PhD, as Inaugural William E. Crenshaw Endowed Chair in Supply Chain Management

Baylor University announced the appointment of Hannah Stolze as the inaugural William E. Crenshaw Endowed Chair in Supply Chain Management in the Department of Management in Baylor’s nationally ranked Hankamer School of Business.

HSB Grad Programs Earn Top Rankings in U.S. News & World Report

Among the U.S. News Best Business Schools, the Full-Time MBA program in Baylor’s Hankamer School of Business rose four spots to No. 60 overall, highlighted by the graduate program in Entrepreneurship, moving into the Top 10 in the nation. The Hankamer School of Business also features a pair of graduate programs ranked in the U.S. News Top 20 in Healthcare Administration:

• The U.S. Army-Baylor master’s degree in Healthcare Management at No. 12; and
• The MBA in Healthcare Administration, a specialization in Baylor’s MBA program, at No. 19.

Baylor’s Online MBA Among Best Online Business Programs

The online MBA program in Baylor University’s Hankamer School of Business has been ranked No. 11 nationally among the 2023 Best Online MBA Programs by Poets & Quants, the definitive online publication for business education news.

Entrepreneur Magazine Ranks Baylor Undergraduate Entrepreneurship Program No. 6 in Nation

The Department of Entrepreneurship and Corporate Innovation in Baylor University’s Hankamer School of Business has been recognized with a No. 6 national ranking for its undergraduate entrepreneurship program by Entrepreneurship magazine and The Princeton Review.

Lail Named Associate Dean at Baylor University’s Hankamer School of Business

Bradley Lail, professor and chair for the Department of Accounting and Business Law, was named associate dean of Undergraduate Programs at the Hankamer School of Business.

Certificate Offers Global Learning Opportunities

The McBride Center for International Business offers Baylor business students the opportunity to develop a global perspective through the Global Engagement Certificate in Business.

Baylor University’s Business School Launches “Innovative Business” Research Podcast

The Hankamer School of Business at Baylor University will launch a new podcast to promote top-tier research conducted by Hankamer faculty and students. Catch all episodes of Innovative Business at bbr.baylor.edu/podcast.

Hankamer School of Business’ New “Innovative Business” Podcast Already a Winner

“Innovative Business,” the new HSB podcast that launched in January, has already been recognized for excellence in the 2023 Communicator Awards competition.

Baylor Business Review Magazine “Female Factor” Wins Four New Awards

The international-award-winning Baylor Business Review added more trophies to its collection, winning two awards for excellence and two for distinction, for the “Female Factor” issue. The honors came from the Communicator Awards, and were earned in conjunction with Seedhouse Creative, which provides design and illustrations for the magazine.

2022 Baylor Staff Awards Winners List

Amy Rhodes, assistant director for Student Recruitment and Admissions at the Hankamer School of Business Undergraduate Office, won a 2022 Outstanding Staff Award, and Marketing senior Sophia Caballero won a 2022 Student Employment Award.

Baylor’s S3 Students Take Home Top Three Finishes at National Championships

Students from the Hankamer School of Business Sports Strategy and Sales program finished in the top three at multiple national championship competitions.

Baylor Designated as National Center of Academic Excellence in Cyber Defense

The National Security Agency and Department of Homeland Security have designated Baylor University as a National Center of Academic Excellence in Cyber Defense, an initiative that includes faculty from the Hankamer School of Business.

Baylor Accounting Students Join Community Outreach Program to Provide Free Tax Preparation

More than 60 accounting students from Baylor University’s Hankamer School of Business joined University High School and La Vega High School students in the student-led Volunteer Income Tax Assistance Program.

Entrepreneurship Students Learn Value From a Marble

Experiential learning has become a key component of a college education, and Gabriella Cacciotti is doing her part to incorporate it into her classroom by integrating a simulation called the “marble game” into her Entrepreneurial Process course.

In the News

Five Ways Leaders Can Support Adoptive Parents

Baylor Management professors Kaylee Hackney, Matthew Quade and Dawn Carlson were featured in a Harvard Business Review article on the intentional efforts made by organizations to support adoption and its impact on both employees and the organization as a whole.

Finding Work-Life Balance with Remote Work

Sara Perry, professor of Management and remote/hybrid work expert, is quoted about the benefits and challenges of remote work in an article by Fast Company. She is also mentioned in a Phys.org article.

Can Bossless Management Work?

Peter Klein, The W.W. Caruth Chair and professor of Entrepreneurship, was featured in a Strategy + Business article about his co-authored book, “Why Managers Matter,” concluding that bosses are important and serve many functions and roles within organizations.

For God’s Sake: Baylor Researchers Develop a New Model to Predict Smartphone Use During Church Services

Smartphone research experts and Marketing Professors Meredith David and James Roberts spoke with EurekAlert about a new model they developed that is a powerful predictor of the acceptance of incorporating smartphones into a church service.

Observers in Waco Say U.S. Headed for Recession, Texas May Weather Storm

Sandeep Mazumder, the William E. Crenshaw Endowed Dean of the Hankamer School of Business, was quoted in a Waco Tribune-Herald article covering an economic forecasting conference.

Audio: Baylor Connections – Matt Quade

Matt Quade, the Kimberly and Aaron P. Graft Professor in Christian Leadership in Business in the Department of Management, was featured on a Baylor Connections episode discussing the importance and impact of workplace ethics.

Baylor Professors Fear Students Will Lose Critical Thinking Skills with ChatGPT

Business professors Forest Kim, Pedro Reyes and Gia Chevis are quoted in a Baylor Lariat article highlighting concerns that Baylor professors have about ChatGPT and its potential impact on students.

2023 Valentine’s Day Spending Survey

Professor of Marketing James Roberts is a featured expert in a WalletHub article about the impact of spending on relationships.

Average Car Insurance Cost

Economics professor Finley Edwards is a featured expert in a WalletHub article about the rising cost of auto insurance.

Credit One Credit Card Review: Rewards for Bad Credit

Marketing professor James Roberts is interviewed as a marketing expert in a WalletHub article reviewing a popular credit card and its rewards program.

Alumni News

1970s

Thomas M Featherston, Jr., BBA ’71, JD ’72, was recognized by Baylor University for 40 years of service to the University. He serves as the Mills Cox Chair of Law at Baylor Law School.

1980s

Roland Garcia, BBA ’81, served as co-chair for the grand unveiling of the Latino cARTographies, the nation’s first portable, bilingual and interactive digital platform that maps Latino artworks and culture. He also chaired and emceed the 2022 Houston Hispanic Heritage Awards Ceremony.

Don Trammell, BBA ’83, MBA ’17, introduced an automatic tensioning delivery innovation designed to eliminate injuries using IoT (Internet of Things) to automate manually-intensive jobs.

1990s

Ryan Riggs, BA ’96, MSIS ’98, was appointed supervisory IT program manager with the Internal Revenue Service. He also serves on the board of directors of the Plano Symphony Orchestra.

2000s

Tucker Worster, BBA ’00, had his marketing and consulting firm, HearWorks, named to Inc. 5000 list of fastest-growing private companies.

Micah Carlton, BBA ’02, was hired as the chief human resources officer for Summit Electric Supply in September 2022.

Kevin A Goodnight, BBA ’04, published “Dadvoted: Dads Devoted to Discovering their Duty, Direction, and Destiny.” The book is about dads of all stages to help them live out their purpose as a dad, husband and leader.

Tamara Sanderson, BBA ’06, co-wrote “Remote Works: Managing for Freedom, Flexibility, and Focus,” a manager’s guide for making radical changes in work cultures.

Jared Hernandez, BBA ’07, joined Lockheed Martin as a buyer in December 2022.

2010s

Mindy Sue Busch, BBA ’14, joined WindMass Capital, a private equity real estate firm, as a vice president. She previously spent more than eight years at Goldman Sachs in investment banking, asset management and executive office divisions.

Michael Bartlemay, BBA ’15, started Heroes Lawn Care in Austin in 2023. Heroes Lawn Care offers lawn care services from fertilization and irrigation, to removing toxic pet waste from lawns.

2020s

Will Baxter, BBA ’21, successfully received the first-ever traditional bank loan for Bitcoin mining in the United States.

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Update your contact information in the Baylor Alumni Network Directory.

Share your news for an upcoming issue of the magazine at bbr.baylor.edu/submit-alumni-news

Homecoming 2023: Centennial Celebration

Hankamer School of Business Homecoming Reception

Friday, Oct. 27
6-9 p.m.
Paul. L Foster Campus for Business and Innovation
Paul and Jane Meyer Conference Center, Room 250

Join us for the celebration of the century! This year’s annual HSB Alumni Homecoming Reception will celebrate 100 years of Baylor Business with special guest appearances and activities.

RSVP at: bbr.baylor.edu/homecoming2023

For more information about Baylor Homecoming, visit baylor.edu/homecoming

Cashing Out

By Justin Walker

Do corporations keep too much cash on hand? It may seem like an odd question, but corporate cash retention has become a hot topic in recent years, Hwanki Brian Kim, assistant professor of Finance at the Hankamer School of Business, said.

Kim’s research, “Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment,” published in The Review of Financial Studies, explores the question within the context of governmental regulation.

“The overall cash holding by corporations has gone up a lot,” he said. “Since the financial crisis of 2008, firms have been increasing their cash holding by more than two-thirds, which is huge. Some policymakers thought it was a corporate attempt at delaying economic growth. That’s the debate going on.”

The study, co-authored by Woojin Kim of Seoul National University and Mathias Kronlund of Tulane University, looked at the market reaction to a South Korean reform that introduced a tax on earnings retained as cash, Kim said. The new policy forced corporations to invest, payout or increase wages using the extra cash on hand.

Through the natural experiment, the researchers identified the treatment group—firms subject to the tax—and the control group, or those not subject to the tax. Firms in the treatment group were taxed 10 percent on cash savings over a certain threshold, Kim said. To avoid the tax, the firms were forced to spend the money, either through investments or increased wages.

Kim and his fellow researchers found that the market believed firms were saving too much cash, he said.

“Government tax on this cash saving was deemed to be a positive thing for these companies,” Kim said.

For firms affected by the reform, how they spent their cash savings directly impacted their stock prices, he said. The study found that firms that increased payouts typically experienced higher valuations, while those that allocated more to investments saw lower valuations.

“Some forced spending out of cash savings could be helpful for some firms,” Kim said. “But for firms with poor corporate governance, it could make things worse.”

Kim believes this tax reform approach is not a silver bullet and policymakers should consider governance structure if making this type of policy.

This research opens the door to studying other tax reform policies, Kim said. His future studies will examine recent U.S. tax reforms introduced by the Biden administration.

“We are interested in how these kinds of policies play out in U.S. corporate settings and how they affect firms in the U.S.,” he said.