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Recent Stuart Faculty Publications and Presentations

Faculty at Stuart School of Business engage in dynamic, collaborative research that is both relevant and valuable to the daily work of business and industry professionals, and that advances theoretical understanding.

Weslynne Ashton

Panelist in a discussion about food safety and local food access on WTTW’s �糵���� Tonight program on September 5, 2024. .

Featured speaker at , a live virtual event sponsored by Harvard Business Review on April 9, 2024. Ashton presented a mini-masterclass on “The Promises, Pitfalls, and Trade-offs of the Circular Economy.” The annual conference brings together top executives and management thought leaders to discuss ways that businesses can create positive change in response to some of today’s most significant social, political, and environmental challenges.

Leader of Community Food Mobilization in �糵����, a research project awarded a $1 million grant from the United States Department of Agriculture, National Institute of Food and Agriculture (USDA-NIFA) in collaboration with the National Science Foundation to investigate how to harness the power of food procurement by large, public institutions in order to shift food production and distribution systems toward greater racial equity, sustainability, and resilience. The award is part of the NSF’s program. Co-principal investigators are M. Zia Hassan Endowed Professor Elizabeth J. Durango-Cohen at Stuart and Associate Professor of Civic and Community Design at Institute of Design. Read more in Illinois Tech news.

Named by Thinkers50 to the in recognition of her work “designing systems and generating solutions to make the world a more sustainable, and equitable, place.” January 2024

Delivered the keynote address, on the topic of improving food security through the circular economy, at the second annual at University of Wisconsin-Madison on October 25, 2023.

Podcast about “,” on MarketScale, posted September 20, 2023.

“,” published in the Journal of Industrial and Production Engineering, August 2023.

“” published in the Journal of Industrial Ecology, December 2022.

“” published in the Journal of Industrial Ecology, December 2022.

Awarded a 2022 planning grant of $50,000 from the National Science Foundation as leader of Community Food Mobilization in �糵����. The project investigates how “Good Food” public procurement policies can be used to shift food systems towards greater racial equity, sustainability and resilience. Read more in Illinois Tech news.

Co-author of “,” the introduction to a double special issue of Local Environment, October 2022. The authors of the 14 articles in the special issue engage the circular economy both conceptually and through case study analyses, and represent a range of approaches and perspectives on the intersection and challenges of justice and social equity in the circular economy.

“” published in Circular Economy and Sustainability, July 2022.

Participant in a national research network that will receive $15 million in funding over five years from the National Science Foundation to address the challenge of reducing wasted food. The project, , includes researchers at 14 universities and institutions, led by American University. The NSF grant was announced in October 2021. Read more in Illinois Tech news.

• View profile: Professor of Environmental Management and Sustainability Weslynne Ashton

Benjamin E. Van Vliet

Named co-editor in chief, with Associate Professor of Finance Ricky Cooper, of the scholarly journal Algorithmic Finance in 2024.

“” published in Journal of Payments Strategy & Systems, Spring 2024. Read more in Illinois Tech news.

“,” published in Wilmott, January 2024. A co-author is Assistant Professor of Analytics Andrew Kumiega.

“” published in Wilmott, March 2023. A co-author is Assistant Professor of Analytics Andrew Kumiega.

“” published in Information & Management, December 2022.

Co-editor of “Digital Transformation as Geo-Political, Organizational and Technological Nexus,” a special issue of the Journal of Information Technology. The issue focuses on how industry sectors and societal domains are reshaped by the geo-political, organizational and technological nexus that is digital transformation.

“” published in Review of Behavioral Finance, January 2022. Associate Professor of Finance Ricky Cooper is a co-author. The paper has been featured in and LinkedIn’s Electronic Trading Group (48,000 members).

• View profile: Associate Professor of Finance Benjamin E. Van Vliet

Siva K. Balasubramanian

“,” published in the International Journal of Production Research, February 2024. Read more in Illinois Tech news.

“,” commentary in The Well News, August 30, 2023.

“,” published in Proceedings of the Sixteenth International AAAI Conference on Web and Social Media 2022 (ICWSM 2022). Among the co-authors are Illinois Tech faculty members Professor of Political Science and Stuart Affiliate Professor Matthew A. Shapiro and Associate Professor of Computer Science Mustafa Bilgic.

• View profile: Harold L. Stuart Endowed Chair in Business Siva Balasubramanian

Andrew Kumiega

“,” published in Wilmott, January 2024. A co-author is Associate Professor of Finance Benjamin E. Van Vliet.

“” published in Wilmott, March 2023. A co-author is Associate Professor of Finance Benjamin E. Van Vliet.

• View profile: Assistant Professor of Analytics Andrew Kumiega

Li Cai

“” published in the Journal of Investing, August 2023. Co-authors are Associate Professor of Finance Ricky Cooper and Di He (Ph.D. MSC ’20), Postdoctoral Research Center of Industrial and Commercial Bank of China (ICBC) in Beijing.

“” published in The Journal of Portfolio Management, Quantitative Strategies: Factor Investing Special Issue, January 2022. Associate Professor of Finance Ricky Cooper and Di He (Stuart Ph.D. MSC ’20), Postdoctoral Research Center of Industrial and Commercial Bank of China (ICBC) in Beijing, are co-authors.

• View profile: Associate Professor of Finance Li Cai

Ricky “Rick” Cooper

Named co-editor in chief, with Associate Professor of Finance Ben Van Vliet, of the scholarly journal Algorithmic Finance in 2024.

“” published in the Journal of Investing, August 2023. Co-authors are Associate Professor of Finance Li Cai and Di He (Ph.D. MSC ’20), Postdoctoral Research Center of Industrial and Commercial Bank of China (ICBC) in Beijing.

“” published in the Journal of Portfolio Management, April 2023. The co-author is Senior Associate Zixuan Jiao (Stuart Ph.D. MSC ’22), Morgan Stanley Investment Management.

“” published in , January 2022. Associate Professor of Finance Ben Van Vliet is a co-author. The paper was featured in and LinkedIn’s Electronic Trading Group (48,000 members).

“” published in The Journal of Portfolio Management, Quantitative Strategies: Factor Investing Special Issue, January 2022. Associate Professor of Finance Li Cai and Di He (Stuart Ph.D. MSC ’20), Postdoctoral Research Center of Industrial and Commercial Bank of China (ICBC) in Beijing, are co-authors.

• View profile: Associate Professor of Finance Ricky “Rick” Cooper

Sang Baum “Solomon” Kang

“,” published in the Journal of Financial Stability, August 2023. Co-authors are Associate Professor of Finance Yiwei Fang and Assistant Professor of Finance You Lu (Stuart Ph.D. MSC ’20), Soochow University, China.

“,” published in Quantitative Finance, August 2023.

“,” published in the Journal of Alternative Investments, March 2023. Co-authors are Associate Professor of Quantitative Management Jailin (Jolene) Zhao (Stuart Ph.D. MSC ’17), St. Mary’s University, San Antonio, and Associate Quantitative Analyst Yao "Jason" Xie (Stuart M.S. Finance ’15, Ph.D. MSC ’21), Morningstar Inc. Read more in Illinois Tech news.

Co-author of Seven Economic Justifications for ESG Investing, an e-textbook available for use by Illinois Tech faculty. The book is written to instruct engineering, entrepreneurship, and sustainability students who are interested in environmental, social, and governance (ESG) or energy investing about the economic justifications for ESG investing. The co-author of the book is Professor SukJoon Byun from the College of Business, Korea Advanced Institute of Science and Technology.

• View profile: Associate Professor of Finance Sang Baum “Solomon” Kang

Yiwei Fang

“,” published in the Journal of Financial Stability, August 2023. Co-authors are Associate Professor of Finance Sang Baum “Solomon” Kang and Assistant Professor of Finance You Lu (Stuart Ph.D. MSC ’20), Soochow University, China.

• View profile: Associate Professor of Finance Yiwei Fang

Elizabeth J. Durango-Cohen

“Characterizing the Determinants of Alumni Giving in Heterogeneous Populations: A Mixture Regression Model,” accepted for publication in Philanthropy & Education, forthcoming.

“” published in the Journal of Business Research, November 2022.

• View profile: M. Zia Hassan Endowed Professor and Associate Professor of Operations Management Elizabeth J. Durango-Cohen

Joanne E. Howard

Editor of published by IGI Global, 2022. The roster of more than three dozen contributors to the volume includes Associate Dean and Professor of Public Administration Roland Calia, Stuart Assistant Dean for External Relations and Career Management Helen Ezenwa, and seven alumni of the Stuart Master of Public Administration program. Read more in Illinois Tech news.

View profile: Industry Associate Professor of Public Administration Joanne E. Howard

Smriti Anand

“” published in the Journal of Business Research, September 2022. Co-authors include: Assistant Professor Jianrong Wang (Stuart Ph.D. MSC ’20), East China Normal University; Stuart Ph.D. student Hui Li; and Associate Professor of Finance Wei Du (Stuart M.S. Finance ’10), West Chester University.

“” published in the Journal of Vocational Behavior, February 2022. The paper has been selected by the World Health Organization for inclusion in the WHO COVID-19 Research Database. Read more in “Called to Work” in the .

Co-editor of  (2022) from Springer International Publishing. Chapters contributed by prominent scholars from around the world cover the latest research on idiosyncratic deals (i-deals), which are individualized work agreements negotiated between an employee and employer. Anand’s co-editor is Professor of Organizational Psychology and Human Resources Management Yasin Rofcanin at University of Bath School of Management.

• View profile: Professor of Management Smriti Anand

Haizhi Wang

“” published in Regional Studies, February 2022. Bo Wang (Stuart Ph.D. MSC ’21), Assistant Professor in Finance at Kean University, is a co-author.

“” published in Managerial Finance, February 2022. Jianrong Wang (Stuart Ph.D. MSC ’20), Assistant Professor at East China Normal University, is a co-author.

• View profile: Professor of Finance Haizhi Wang

Michael J. Fagel

Co-editor of , 2nd edition, published in both print and digital formats by CRC Press in September 2021 (copyright year 2022). Co-editors are Rick C. Mathews and J. Howard Murphy. Read more in Illinois Tech news. In August 2022, ASIS International, the world’s largest association for security management professionals, selected this book as its 2022 ASIS Security Industry Book of the Year.

• View Profile: Adjunct Faculty Michael J. Fagel

Areas of Faculty Research Focus

Current areas of faculty research focus at Stuart include, but are not limited to:

• High-frequency finance
• Sustainable enterprise and the circular economy
• Product placement and marketing communications
• Privacy
• Corporate social responsibility
• Effects of non-compete agreements
• Ethics in automated financial markets
• Hedging and risk management
• Leader-member exchange (LMX) in management
• Diversity in the workplace

For more details on Stuart faculty research interests, see the individual faculty profiles.

All Stuart Faculty