New Santa Clara University Program Attracts Innovative Thinkers to Study Socially Responsible Investing, Business Ethics, and Risk Management
SANTA CLARA, Calif., August 19 th A new two-year project at Santa Clara University's Leavey School of Business will encourage undergraduate and graduate level education and research in socially responsible investing and innovation in managing financial risk.
(Media-Newswire.com) - SANTA CLARA, Calif., August 19 – A new two-year project at Santa Clara University’s Leavey School of Business will encourage undergraduate and graduate level education and research in socially responsible investing and innovation in managing financial risk.
The program, called the Sury Initiative for Financial Innovation and Risk Management ( SIFIRM ), is sponsored by Sharath Sury, Dean’s Executive Professor in Finance, and retired CEO of S4 Capital, a Chicago-based wealth management firm.
“The recent catastrophic failure in investment and business innovation among the world’s leading financial institutions demonstrates the need for a more holistic and interdisciplinary approach,’’ said Sury. The initiative will bring together lessons and research in accounting, finance, mathematics, ethics, risk management, and portfolio management.
“It is our hope that this project will serve as a magnet and forum for the best innovative thinkers in finance and risk management,’’ said Sury. SIFIRM’s board of advisors includes two Nobel Laureates in Economics, Harry M. Markowitz and Robert C. Merton, and several elite practitioners of finance, including trading-firm founder M. Blair Hull.
In addition to Sury, an international speaker and expert in portfolio and risk management, several other SCU professors are expected to contribute to SIFIRM through research and working with undergraduate and graduate students to write case studies. They include finance department chair Professor Sanjiv Das, an internationally recognized expert in investments and credit risk; Associate Finance Professor George Chacko, an expert in investments, hedge funds, and risk management; and Finance Professors Meir Statman and Hersh Shefrin, the pioneers of behavioral finance. Prof. Statman’s research into socially responsible investing won the prestigious Moskowitz Prize and the Baker IMCA Journal Award. Prof. Shefrin is the author of several leading books on behavioral finance.
The Sury Initiative will fund and publish original research, organize working papers series, establish a journal on financial innovation and risk management, publish a set of educational case studies, and sponsor a national research conference.
“Santa Clara University and Silicon Valley are the ideal locations for this initiative,’’ said S. Andrew Starbird, acting dean of the Leavey School of Business. “Silicon Valley is home to the most innovative organizations and business leaders in the world, and Santa Clara University has long melded an innovative philosophy and strong business orientation with our Jesuit advocacy of moral and ethical business behavior. ’’
The first SIFIRM conference is scheduled for May 14–15, 2010 and will take place in Lucas Hall, home of the Leavey School of Business, at Santa Clara University.
About Santa Clara University
Santa Clara University, a comprehensive Jesuit, Catholic university located 40 miles south of San Francisco in California’s Silicon Valley, offers its 8,758 students rigorous undergraduate curricula in arts and sciences, business, and engineering, plus masters and law degrees, and engineering Ph.Ds. Distinguished nationally by one of the highest graduation rates among all U.S. masters universities, California’s oldest operating higher-education institution demonstrates faith-inspired values of ethics and social justice. For more information, see www.scu.edu.
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