Accounting Research involves the systematic and scientific study of accounting systems, institutions, standards and regulations for the purpose of understanding and characterizing their decision-facilitating and decision-influencing roles within organizations, in product and capital markets, and across economies. For instance, financial reporting systems play many roles in publicly held organizations characterized by separation of ownership from control. They help investors in valuing their claims to firms in financial markets (valuation role), are essential for corporate control and managerial performance evaluation (auditing, governance and stewardship roles), and impact how firms allocate their resources and make financial decisions (real effects). In a similar vein, management accounting systems facilitate planning and control within organizations. Often, these many roles of accounting information interact, posing challenges for system designers, policy makers, and standard setters.

The main goal of the accounting doctoral program is to train students to do high-quality research, and become influential scholars in top academic institutions. The accounting group has world-class senior faculty and young, talented scholars with considerable expertise in the above topics and a vibrant research environment. In addition, the program leverages the resources and excellence of Rice University in related fields such as finance, economics and statistics. Students will be required to take courses in economics, statistics, econometrics, finance, and a rigorous set of cutting-edge research seminars covering the essentials in theory, research methods, and contemporary accounting issues.

Program features:

  • World-class faculty
  • Engaging research environment
  • Highly competitive financial package
  • Resources of a premier research university
  • Personal attention and mentoring in the Rice tradition

The Ph.D. program faculty consists of all tenure-track members of the accounting group:

For questions about the accounting doctoral program contact: K. Ramesh

Requirements

For doctoral students who have chosen accounting as their area, the Ph.D. degree requirements are as follows:

  1. Complete a review course in Quantitative Methods in the summer before the beginning of the first semester.
  2. During the student’s first two years, he or she must take a minimum of three doctoral-level courses per semester and preferably four courses in total per semester. The chosen courses must be approved by the area faculty advisor.
  3. The student is expected to attend four doctoral seminars organized in the accounting area during the student’s first two years in the Ph.D. program and additional accounting doctoral seminars as required by the student's advisor.
  4. The student is expected to attend all research workshops (presentations of faculty members from other business schools that visit JGS to present their research or internal presentation by JGS faculty or Ph.D. students) organized in the accounting area during the student's tenure in the Ph.D. program. The student must lead a discussion preceding the workshop with the other Ph.D. students each semester. Ph.D. students will designate a senior Ph.D. student to keep track of this requirement and provide a report to the area faculty advisor at the end of the spring semester.
  5. During the summers following each of the first two years, students will complete a summer research study/paper. The scope of the study/paper is to be determined jointly by the student and a faculty member will act as the student's summer research advisor.
    1. The first year summer study/paper must be presented to accounting faculty at a research workshop no later than the end of the semester of the second academic year. The content and format of this presentation will be determined by the student's summer research advisor.
    2. The second year summer research must result in a working paper (with at least preliminary results), which must be presented to accounting faculty at a research workshop no later than the spring semester of the third academic year.
  6. Students must pass a comprehensive exam administered by the accounting faculty at the end of the second year. Only  students not on probation and with a satisfactory annual evaluation are elgible to take the comprehensive exam. The exam will be jointly administered and graded by accounting faculty, under the supervision of the accounting area advisor. The exam is focused on the coursework taken in accounting and topics covered in research workshops offered by the accounting area. A successful performance in the exam will demonstrate the student’s competency in accounting and provide the foundation from which he or she begins the research that will form the basis of the dissertation.
  7. Students are expected to successfully defend their dissertation proposal by the end of the fourth year.
  8. Complete and defend dissertation within a maximum of 7 years from the time of matriculation.

Sample Course Sequence for a Doctoral Student in Accounting

Summer before the beginning of first semester
Quantitative Methods Review

Year 1 (Fall)

             ECON 501 Microeconomic Theory I

             ECON 510 Econometrics I

             BUSI 530 Introduction to Accounting Research

             Workshop in Statistical Computing and Research

             Elective

    Year 1 (Spring)

             ECON 508  Microeconomics II

             BUSI 532 Analytical Research in Accounting

             BUSI 533 Contemporary Accounting Research Topics

             Workshop in Statistical Computing and Research

             Elective

Year 2 (Fall)

            BUSI 531 Empirical Methods in Accounting

            BUSI 523 Empirical Methods in Finance

            Elective

            Elective

Year 2 (Spring)

BUSI 532 Analytical Research in Accounting (suggested retake)

BUSI 533 Contemporary Accounting Research Topics (suggested retake)

            Elective

            Elective 

Doctoral students may continue taking graduate-level accounting courses beyond their second year as well. Examples of elective courses are:

General:

            ECON 435: Industrial Organization

            ECON 511: Econometrics II

            ECON 514 Industrial Organization and Control

            ECON 517 Empirical Industrial Organization

Analytical Track:

            BUSI 510 Analytical Models in Marketing

            ECON 502 Macroeconomics

            ECON 505 Financial Economics

ECON 509 Topics in Microeconomics: Computational/Dynamic Game Theory

            MATH 321 Introduction to Analysis I

            MATH 515 Integration Theory

            STAT 581 Mathematical Probability

            STAT 552 Applied Stochastic Processes

Empirical Track:

BUSI 522 Corporate Finance

            BUSI 511 Select Topics in Marketing

            BUSI 524 Finance Special Topics

            BUSI 527 Finance Special Topics

            ECON 309 Applied Econometrics

            ECON 579 Topics in Econometrics: Time Series Analysis

            STAT 519 Statistical Inference

            STAT 541 Multivariate Analysis

Overview of Accounting Ph.D. Seminar Series
I. Introduction to Accounting Research — The course offers a thorough and broad-ranging introduction to accounting theory and research. It covers origins and evolution of key relevant accounting institutions, thought, paradigms and methods.
II. Analytical Research – The course provides a thorough and comprehensive introduction into the key economic theories underlying a significant part of contemporary cutting edge accounting research. The course is designed to be sufficiently deep to support both students intent on pursuing analytical research and at the same time broad enough that students with an empirical orientation will gain a solid foundation.
III. Empirical Research in Accounting – The course provides a thorough and comprehensive synthesis of empirical accounting research, covering the key “classic” papers in the major research areas, methodological issues and emerging areas within empirical accounting research.
IV. Advanced Contemporary Accounting Research – The course provides a more advanced treatment of cutting edge, predominantly empirical accounting research. Accordingly, the course content is expected to change frequently to reflect the current state of accounting research.

Financial economics studies how investors determine the value of assets in financial markets (asset pricing), how firms allocate their resources and make financial decisions (corporate finance), and how financial institutions and markets facilitate financial transactions (financial intermediation). Topics in finance include: portfolio management, pricing of assets and contingent-claims, the theory of the firm, financial risk management, the role of financial markets and institutions, corporate investment and financing decisions, and others. The main goal of the finance doctoral program is to train students to do high-quality research in any of these areas and to prepare them for careers as professors of finance at top academic research institutions. To achieve this goal, Ph.D. students are required to take courses in economics and finance, and to write research papers examining important and relevant issues in financial economics.

Requirements

In addition to the requirements described in Chapters 1 and 6 of this guide, doctoral students who have chosen finance as their area must satisfy the following requirements for a Ph.D. degree.

Course, Research Work and Dissertation Advisor

  1. The student’s course work must be approved by the area faculty advisor.
  2. The student is expected to attend all research seminars organized in the finance area during the student’s tenure in the Ph.D. program. Moreover, during each semester of the second and third years, the student must write a short summary and critical comments on two papers presented in the research seminar during the semester. These reviews are to be submitted to the area advisor and will be graded by a subset of area faculty for a Pass/Fail grade.
  3. Students are expected to be fully engaged in research during all the summers, including the summer of their first year, of their tenure in the Ph.D. program.
  4. Students must have a Jones School finance faculty member who has agreed to serve as their dissertation advisor by January 1 of their third year in the program.

Exam Requirements

  1. Students must successfully pass comprehensive exams in economic theory and econometrics administered by the economics faculty at the end of the first year.
  2. Students must successfully pass a comprehensive exam administered by the finance faculty at the end of the Fall semester of the second year. The exam will be administered and graded by finance faculty, under the supervision of the finance area advisor. The exam focuses on corporate finance and empirical methods in finance.

Third-Year Research Paper
Each student must write and present a sole-authored original research paper during their third year in the program. The paper must be presented by October 15 of the student's third year in the program. The specific procedures are as follows:

  1. By March 1st of the student’s second year in the program, two JGSB faculty members must agree to serve as readers of the paper.
  2. A student must submit a detailed outline of the paper and a copy of the Third-Year Paper Outline Approval Form, signed by the two faculty readers, to the Finance area advisor by June 1 following the student's second year in the program. The outline for an empirical paper should include: (1) the research hypothesis, 2) motivation for the research hypothesis, (3) description of the data, (4) description of the empirical tests, and (5) the expected contribution to the literature. The outline for an analytical paper should include: (1) the basic phenomenon under study, (2) the economic setting, (3) the modeling approach, (4) the fundamental assumptions, and (5) the expected contribution to the literature. The outline should also include references to the related literature investigating the research topic and to any studies underpinning the analytical methods to be used.
  3. A student must submit a copy of the completed third-year paper to the Finance Faculty advisor and to the two faculty readers by September 15 of the student's third year in the program.
  4. A student must present the third-year paper at a research workshop at a date chosen by the faculty during the first half of October of the student's third year in the program and at least one of the faculty readers must be present and sign the Third-Year Paper Presentation Form, stating that the presentation is acceptable.

Failure to complete the Third-Year Paper requirement, as outlined above, will mean that the student is not making satisfactory academic progress in the Ph.D. Program and is grounds for dismissal from the doctoral program.

Sample Course Sequence

The course curriculum is designed around a challenging course of study in both the theory of financial economics and in cutting edge empirical work. Here is a sample course sequence for a doctoral student in finance. BUSI 524, 525, 526, and 527 are half-semester courses on special topics in finance taught biennially. Students should consult the finance area advisor regarding whether to substitute a more advanced math course for Math 321 in the Fall of the 1st year.

Year 1 - Summer (July 1 - August 15)
Math Camp and Stat Camp

Year 1 - Fall
ECON 501 - Microeconomic Theory I
ECON 502 - Macroeconomics I
MATH  321 Introduction to Analysis I
ECON 510 - Econometrics I
     
Year 1 - Spring
ECON 508 - Microeconomic Theory II
ECON 511 Econometrics II
BUSI 521 Asset Pricing Theory
ECON 504 Computational Economics
          
Year 2 - Fall
BUSI 524 or BUSI 525
BUSI 523 - Empirical Methods in Finance
BUSI 522 - Corporate Finance
    
Year 2 - Spring
BUSI 526 or BUSI 527
ECON 503 Topics in Financial Economics
         
Year 3 - Fall
BUSI 524 or BUSI 525 

Year 3 - Spring
BUSI 526 or BUSI 527
 
Course Descriptions
BUSI 521: Asset Pricing Theory
This course is an introduction to portfolio choice and asset pricing theory. Topics include expected utility maximization, stochastic discount factors, arbitrage, mean-variance analysis, representative investors, and beta-pricing models. Single-period and dynamic models are studied.

BUSI 522: Corporate Finance
The purpose of this course is to provide a background for understanding the major research directions in corporate finance. Topics include theory of the firm, capital structure, external financing decisions, payout policy, agency problems, corporate control and governance, investment decisions, and the role of financial institutions in corporate transactions.

BUSI 523: Empirical Methods in Finance
This course is an introduction to empirical research in finance, covering the techniques most often used in the analysis and testing of financial economic theory. The course covers both time-series and cross section methods. Topics include event studies, empirical tests of asset pricing models, forecasting relationships, return predictability in the time-series and cross-section, asset pricing anomalies, and specification and identification issues in corporate finance.

BUSI 524, 525, 526, 527: Advanced Topics in Finance
These are half-semester courses covering various topics in financial economics.

Candidacy
Certification of Candidacy indicates that a student has reached the advanced stage of the Ph.D. Program, permitting him/her to devote full time to writing a dissertation.  At least eight months must elapse between admission to candidacy and conferral of the degree. The requirements for candidacy are:

  1. Successful completion of the course work requirements,
  2. Successful completion of the examination requirements.

The doctoral program at Jones Graduate School of Business at Rice University is designed to provide students with the training necessary for a successful research and teaching career. This training revolves around attaining expertise in the foundational areas and using this as a basis to address important marketing issues. The training components involve selecting courses to meet individual needs and interests, working closely with faculty members on joint research, and conducting original research projects which ultimately lead to a dissertation that advances the field.

Marketing is naturally interdisciplinary in nature and therefore draws theory and methodology widely from a variety of fields, including economics, statistics, psychology, anthropology, sociology, and neurosciences. Research in marketing encompasses three broad overlapping areas: quantitative modeling, consumer behavior, and strategy.

The quantitative modeling area is rooted in microeconomics, econometrics, psychometrics, sociometrics, statistics and industrial organization. Some of the major objectives include creating models to probe competitive marketing strategies that explain and predict consumer choices and understand market structure. Examples of topics investigated by researchers at Rice include how to detect underlying trends using google data, how consumers allocate their time and discretionary income across competing products, services and activities, how product assortment impacts customer retention, why prices in the internet vary widely even though customers can easily search and why digital piracy might not be bad for firms.

Consumer behavior primarily focuses on explaining why consumers behave the way they do. Traditionally, psychology and sociology have been used to understand factors that explain consumer behavior. More recently, empirical modeling, survey methods, and neuroscience have provided important insights about consumers. Examples of the research conducted at JSB include why consumers purchase extended service contracts, how different identities (political, gender, moral) affect consumer decision making, studying lending decisions in peer-to-peer sites like Kickstarter and Kiva, developing strategies to encourage consumers to save more, why being on online communities fosters more risk taking, why just surveying customers makes them more satisfied.

The marketing strategy area deals with issues that focus on understanding and improving the strategy of the firm, and with strategic decision making of managers. Today, researchers in this area use a variety of tools including quantitative modeling, experiments, and surveys to answer questions related to a variety of topics. Topics researched at JSB include understanding the financial impact of marketing-mix decisions by managers, estimating customer-lifetime value and its impact on a firm’s financial performance, developing and measuring the impact of strategies that affect customers in terms of their satisfaction, brand-connection, brand equity, and commitment and measuring marketing outcomes such as brand-equity, customer satisfaction, corporate-social responsibility based on secondary data.

Requirements

Depending on their research interest, a student must take courses not only in JGS, but also in other departments such as psychology, economics and statistics. The Ph.D. degree requirements are as follows.

  1. During the student’s first two years, he or she must take a minimum of four doctoral-level courses per semester. The chosen courses must be approved by the marketing area faculty advisor. These courses will be a combination of required courses and electives.
  2. Students must successfully complete the summer research paper requirements during the first two years. This requires working with a marketing faculty member during summer, getting the faculty member’s approval of the resulting paper, and then presenting the paper at a marketing research seminar no later than the spring semester of the following academic year. Students will also be required to present their research in the spring semester after the second year
  3. Students must successfully pass a comprehensive exam administered by marketing faculty at the end of the second year – typically in early May. The exam will be jointly administered and graded by marketing faculty. The exam is focused on the coursework taken in marketing and also measures the student’s knowledge of the area as a whole. A successful performance in the exam will demonstrate the student’s competency in marketing and provide the foundation from which he or she begins the research that will form the basis of the dissertation.
  4. Students are expected to complete and defend dissertation within a maximum of 7 years from the time of matriculation.

Doctoral students will continue taking doctoral-level marketing courses beyond their second year as well.

Sample Course Sequences

Here is a sample course sequence for a doctoral student in Marketing seeking to develop a foundational expertise in Economics. Such a foundational expertise can enable students to explore a research path oriented toward Marketing Strategy, Consumer Choice Modeling, Understanding the Marketing-Finance interface, and Industrial Marketing/ Empirical IO Models. Students may also decide to develop a specialization in Quantitative Methods that can be applied to a wide variety of marketing problems.

Year One (Fall)
ECON 501 - Microeconomic Theory I
ECON 504 - Advanced Economic Statistics
ECON 507 - Mathematical Economics I
BUSI 501 - Pro-Seminar in Marketing – I

Year One (Spring)
ECON 440 - Advanced Game Theory
ECON 510 - Econometrics I
ECON 523 - Dynamic Optimization
BUSI 502 - Pro-Seminar in Marketing – II

Year Two (Fall)
ECON 511 - Econometrics II
ECON 514 - Industrial Organization and Control
STAT 622 - Bayesian Data Analysis
BUSI 503 - Econometric Models in Marketing

Year Two (Spring)
ECON 577 - Topics in Economic Theory
STAT 540 - Practicum in Statistical Modeling
STAT 640 - Data Mining and Statistical Learning
BUSI 504 - Game Theory Models in Marketing

Here is a sample course sequence for a doctoral student in Marketing whose foundational expertise in psychology, sociology, and research methods. Such a foundational expertise can enable students to explore a research path oriented toward Consumer Behavior, Managerial Decision making, and understanding decision making in general. Students may also decide to develop a specialization in basic psychology with an eye to applying a variety of theoretical perspectives to answer research questions related to behaviors of consumers and managers.

Year One (Fall)
PSYC 502 - Advanced Psychological Statistics I
PSYC 511 - History and Systems of Psychology
PSYC 507 - Research Methods
BUSI 501 - Pro-Seminar in Marketing – I

Year One (Spring)
PSYC 503 - Advanced Psychological Statistics II
PSYC 550 - Foundations of Social Psychology
PSYC 602 - Psychometrics
BUSI 502 - Pro-Seminar in Marketing – II

Year Two (Fall)
PSYC 601 - Multivariate Statistics
PSYC 520 - Foundations of Cognitive Psychology
STAT 581 - Mathematical Probability I
BUSI 505 - Seminar in Consumer Behavior I

Year Two (Spring)
ECON 510 - Econometrics I
STAT 540 - Practicum in Statistical Modeling
STAT 582 - Mathematical Probability II
BUSI 506 - Seminar in Consumer Behavior II

Research

Examples of research conducted by marketing faculty at JSB with current and past doctoral students (PhD Student name is bolded).

Quantitative  

Kamakura, Wagner A. and Carl Schimmel (2013), “Uncovering Audience Preferences for Concert Features from Single-Ticket Sales with a Factor-analytic Random-Coefficients Model,” International Journal of Research in Marketing Volume 30, 129-142.

Du, Rex and Wagner Kamakura (2012), “Quantitative Trendspotting,” Journal of Marketing Research Volume 49 (3), 514-36.

Du, Rex and Wagner A. Kamakura (2011), “Measuring Contagion in the Diffusion of Consumer Packaged Goods,” Journal of Marketing Research Volume 48 (February).

Ajay Kalra, Shibo Li and Wei Zhang (2011), “Understanding Responses to Contradictory Information about Products,” Marketing Science Volume 30 (6), 1098-1114.   

Kamakura, Wagner A. and Sangkil Moon (2009), “Quality-Adjusted Price Comparison across Internet Retailers,” International Journal of Research in Marketing Volume 26 (September), 189-196.

Ajay Kalra and Shibo Li (2008), “Signaling Quality Through Specialization,” Marketing Science Volume 27, 168-184.

Peter Boatwright, Ajay Kalra and Wei Zhang (2008), “Research Note: Should Consumers Use the Halo to Form Product Evaluations?” Management Science Volume 54 (January), 217-223.

Samaha, Stephen A. and Wagner A. Kamakura (2008), “Location, Location, Location: Assessing the Market Value of Real Estate Property,” Real Estate Economics Volume 36 (4), 717-751.

Du, Rex, Wagner A. Kamakura and Carl Mela (2007), “Size and Share of Customer Wallet,” Journal of Marketing Volume 71 (2), 94-113.

Boatright, Peter, Wagner A. Kamakura and Suman Basuroy (2007), “Reviewing the Reviewers:  The Impact of Individual Film Critics on Box-office Performance,” Quantitative Marketing and Economics Volume 5 (4), 401-425.

Moon, Sangkil, Wagner A. Kamakura and Johannes Ledolter (2007), “Estimating Promotion Response When Competitive Promotions Are Unobservable,” Journal of Marketing Research Volume 44, 503-515.

“Useful Mathematical Relationships Embedded in Tversky’s Elmination By Aspects Model,” Randy Batsell, John C. Polking, Roxy D. Cramer, and Christopher M. Miller. Journal of Mathematical Psychology, 47, pp. 538-544, 2003 .

Strategy

Swaminathan, Vanitha, Christopher Groening, Vikas Mittal, and Felipe Thomaz (2014), "How achieving the dual goal of customer satisfaction and efficiency in mergers affects a firm’s long-term financial performance," Journal of Service Research accepted for publication.

Leana, Carrie, Vikas Mittal, and Emily Stiehl (2011), “PERSPECTIVE-Organizational behavior and the working poor,” Organization Science Volume 23 (3) (May-June), 888-906.

Mittal, Vikas and Carly Frennea (2010), “Customer Satisfaction: A Strategic Review and Guidelines for Managers,” MSI Fast Forward Series, Marketing Science Institute, Cambridge, MA.

Shang, Jennifer, T. Pinar Yildirim, Pandu Tadikamalla, Vikas Mittal, and Lawrence H. Brown (2009), “Distribution network redesign for marketing competitiveness,” Journal of Marketing Volume 73 (2) (March), 146-163.

Govind, Rahul, Rabikar Chatterjee, and Vikas Mittal (2008), “Timely access to healthcare: Customer-focused resource allocation in a hospital network,” International Journal of Research in Marketing Volume 25, 294-300.

Mittal, Vikas, Matthew Sarkees, and Feisal Murshed (2008), “The right way to manage unprofitable customers,” Harvard Business Review (April), (Reprint: R0804F).

Mittal, Vikas, John W. Huppertz, and Adwait Khare (2008), “Customer complaining: The role of tie strength and information control,” Journal of Retailing Volume 84 (2) (June), 195-204.

Du, Rex, Wagner A. Kamakura and Carl Mela (2007), “Size and Share of Customer Wallet,” Journal of Marketing Volume 71 (2), 94-113.

He, Xin and Vikas Mittal (2007), “Understanding escalation of commitment: The moderating role of decision risk,” Organizational Behavior and Human Decision Processes Volume 103 (July), 225-237.

Mittal, Vikas, Wagner Kamakura, and Rahul Govind (2004), “Geographic patterns in customer service and satisfaction: An empirical investigation,” Journal of Marketing Volume 68 (July), 48-62.

Behavioral

Zhang, Yinlong, Lawrence Feick, and Vikas Mittal (2014), “How males and females differ in their likelihood of transmitting negative word of mouth,” Journal of Consumer Research, accepted for publication.

Winterich, Karen P., Vikas Mittal, and Karl Aquino (2013), “When does recognition increase charitable behavior? Toward a moral identity-based model,” Journal of Marketing, Volume 77 (May), 121-134.

Kamakura, Wagner A and Rex Du (2012), “How Economic Contractions and Expansions Affect Consumption Priorities” Journal of Consumer Research Volume 39 (2), 229-47.

Winterich, Karen P., Yinlong Zhang, and Vikas Mittal (2012), “How political identity and charity positioning increase donations: Insights from Moral Foundations Theory,” International Journal of Research in Marketing Volume 29 (4) (December), 346-354.

(Runner Up: MSI-IJRM Best Article Award for special issue on Consumer Identities) LISTED AS TOP TEN DOWNLOAD ON SSRN, June 2013, (CATEGORY: BHNP, ERN: Altruism, Moral Psychology, & Non-profit Organizations)

Du, Rex and Wagner A. Kamakura (2011), “Measuring Contagion in the Diffusion of Consumer Packaged Goods,” Journal of Marketing Research Volume 48 (February).

Darron Billeter, Ajay Kalra and George Loewenstein (2011), “Underpredicting Learning Following Initial Experience With a Product,” Journal of Consumer Research Volume 37 (February), 723-736. (Lead Article).

Uzma Khan, Meng Zhu and Ajay Kalra (2011), “When Tradeoffs Matter: The Effect of Choice Construal on Context Effects,” Journal of Marketing Research Volume 48 (1), 62-71.    

Ajay Kalra and Mengze Shi (2010), “Consumer Value-Maximizing Sweepstakes and Contests,” Journal of Marketing Research Volume 47 (2), 287-300.

Tao Chen, Ajay Kalra and Baohong Sun (2009), “Why do Consumers Buy Extended Service Contracts,” Journal of Consumer Research Volume 36 (December), 611-623.

Winterich, Karen P., Vikas Mittal, and William T. Ross (2009), “Donations behavior toward In-groups and Out-groups: The role of Gender and Moral Identity,” Journal of Consumer Research Volume 36 (2) (August), 199-214.

Du, Rex and Wagner Kamakura (2008),“Where did all that money go?  An analysis of consumer expenditures in America,” Journal of Marketing, Volume 72 (November), 109-131.

He, Xin, J. Jeffrey Inman, and Vikas Mittal (2008), “Gender jeopardy in financial risk taking,” Journal of Marketing Research Volume 45 (4) (August), 414-424.

Zhang, Yinlong and Vikas Mittal (2007), “The attractiveness of enriched and impoverished options,” Personality and Social Psychology Bulletin Volume 33 (4) (April), 588-598.

Kamakura, Wagner A., Suman Basuroy and Peter Boatright (2006), “Is silence golden? An inquiry into the meaning of silence in professional product evaluations,” Quantitative  Marketing and Economics.

Du, Rex and Wagner A. Kamakura (2006), “Household Lifecycles and Life Styles in America,” Journal of Marketing Research Volume 43 (February), 121-132.

Garg, Nitika, J. Jeffery Inman, and Vikas Mittal (2005), “Incidental and task-related affect: A re-inquiry and extension of the influence of affect on choice,” Journal of Consumer Research Volume 32 (1) (June), 154-159.

The Ph.D. program in strategic management provides course work in the base theories in strategic management. The field of strategic management studies big picture issues facing managers of firms, such as deciding what markets and industries to enter, how to enter and exit various markets, how to position the firm in the market in order to gain competitive advantage, and the timing, sequencing, and orchestration of competitive initiatives. Topics in strategic management include: Competitive strategy, resource allocation and corporate strategy, strategic decision processes, international and emerging market strategies, knowledge and innovation management, strategic entrepreneurship, corporate governance, and environment and non-market strategies. The main goal of the strategic management doctoral program is to train students to do high-quality research in any of these areas and to prepare them for careers as mainstream professors of strategic management at top academic research institutions. To achieve this goal, Ph.D. students are required to take courses in strategic management, research methods and statistics, as well as possible disciplinary elective courses in economics, psychology and political science, and to write research papers examining important and relevant issues in strategic management. The program also has a teaching requirement to the extent that teaching opportunities are available.

Requirements

In addition to the requirements described in Chapters 1 and 6 of this guide, doctoral students who have chosen strategic management as their area must satisfy the following requirements for a Ph.D. degree.

Course, Research Work and Dissertation Advisor

  1. The student’s course work must be approved by the area faculty advisor.
  2. During the student’s first two years, he or she must take a minimum of 12 hours of approved graduate level courses per semester.
  3. Course work includes a combination of required and elective courses. The required courses are listed in the attached course sample sequence.
  4. The student is expected to attend all research seminars organized in the strategic management area during the student’s tenure in the Ph.D. program. Moreover, during the second and third years, the student must formally register for the strategic management research seminars and attend presentations of SE faculty as well as those of faculty members from other business schools who visit the SE area to present their research.
  5. Students are expected to be fully engaged in research during the Ph.D. program, especially during all the summers, including the summer after the first year of their residency in the Ph.D. program.
  6. Students must have a Jones School SE faculty member who has agreed to serve as their dissertation advisor by the end of the spring semester of their third year in the program.
  7. From the second year onwards, students are required to give at least one research presentation every year in front of faculty and other doctoral students. Such presentations should demonstrate that the student is making adequate progress in his/her research. The presentation requirement may be fulfilled in the fall of the second and third years by presenting the required papers. It is the student’s responsibility to schedule this yearly presentation, together with his/her advisor and/or the strategic management area advisor.

Exam Requirements
Students must successfully pass a comprehensive exam administered by the SE faculty at the end of the second year. The exam will be administered and graded by SE faculty, under the supervision of the strategic management area advisor or special committee set up for this purpose. The exam will include two parts. Part I is focused on the coursework taken in strategic management and also measures the student’s knowledge of the area as a whole. Part II will focus on research methods and design. A successful performance in the exam will demonstrate the student’s competency in strategic management and provide the foundation from which he or she begins the research that will form the basis of the dissertation.
 
First- and Second-Year Paper Requirements
Students are required to write one major paper in each of their first two years, either sole-authored or coauthored with a mentor or colleague. The first year paper is proposed in the spring semester of the first year and completed by the end of the fall semester of the second year. The second year paper is proposed in the spring semester of the second year and completed by the end of the fall semester of the third year. The bulk of the work on these papers in intended to be done in the summers. The papers are intended as (1) a developmental vehicle for the student (especially the first year paper) (2) that will result in publications in top quality journals (although credit is not dependent on publication). The student is expected to take the lead on the second year project (in the manner of a lead author) and should individually decide (perhaps in collaboration with an SE area faculty member) on what topic the student will work. Each paper must be approved by two tenure-track SE faculty members (one is typically the student’s adviser). The student is expected to present the papers in a faculty workshop by the end of the following fall semester. Failure to complete the First- and Second-Year Paper Requirements, as outlined above, will mean that the student is not making satisfactory academic progress in the Ph.D. Program. See Appendix B for research paper approval and evaluation forms.

Sample Course Sequence

The course curriculum is designed around a challenging course of study in both the theory of strategic management and in cutting edge empirical work. We provide three sample course sequences: Strategic Leadership, Competitive Strategy, and International Strategy. Each of the sample course sequences below is oriented to a particular discipline, but students might choose different courses across disciplines to structure a specific degree plan. Doctoral students may continue taking courses beyond their second year.
 
Sample Course Sequence in Strategic Leadership (Psychology Oriented)

Year 1 (Fall)

BUSI 540        Strategy Management Theory (3.0)

BUSI 549        Strategy Pro-seminar (3.0)

POLI 504        Methodology and Data Analysis (or equivalent-e.g., ECON 510)

PSYC 507       Research Methods (or equivalent)

 

Year 1 (Spring)

BUSI 541      Strategic Management Research (3.0)

BUSI 5XX      Advanced Topics in Strategic Management (1.5 hours see courses below)

BUSI 5XX      Advanced Topics in Strategic Management (1.5 hours see courses below)

POLI 505      Topics in Political Methodology (or equivalent-e.g., ECON 511)

 Elective

 

Year 2 (Fall)          

BUSI 5XX      Advanced Topics in Strategic Management (1.5 hours)

BUSI 5XX      Advanced Topics in Strategic Management (1.5 hours)

PSYC 601     Multivariate Statistics (or equivalent)

ECON 501     Microeconomic Theory I (or equivalent)

Elective

 

 Year 2 (Spring)

 BUSI 5XX      Advanced Topics in Strategic Management (1.5 hours-see courses below)

 BUSI 5XX      Advanced Topics in Strategic Management (1.5 hours see courses below)

 Elective

 Elective

 Elective

 

Examples of elective courses are:

BUSI 503        Econometric Models in Marketing

BUSI 504        Game Theory

BUSI 530        Introduction to Accounting Research

BUSI 531        Empirical Methods in Accounting

BUSI 522        Corporate Finance

BUSI 523        Empirical Methods in Finance

ECON 504      Advanced Economic Statistics

ECON 510      Econometrics I

ECON 510      Econometrics II

ECON 514      Industrial Organization and Control

ECON 523      Dynamic Optimization

STAT 522       Advanced Bayesian Statistics

STAT 541       Multivariate Analysis

STAT 606       SAS Statistical Programming

STAT 621       Time Series Analysis

STAT 622       Bayesian Data Analysis

PSYC 502       Advanced Psychological Statistics I

PSYC 503       Advanced Psychological Statistics II

PSYC 507       Research Methods

PSYC 601       Multivariate Statistics

PSYC 637       Meta-Analysis in Psychological Research

PSYC 550       Foundations of Social Psychology

PSYC 636       Organizational Psychology

PSYC 639       Groups and Teams: Advanced Topics in I/O

POLI 503        Topics in Methods and Data Analysis

POLI 504        Advanced Topics in Methodology and Data Analysis

POLI 505        Topics in Political Methodology (Panel Data or Time Series)

POLI 511        Measurement and Research Design

POLI 527        Institutional Analysis and Design

POLI 576        International Political Economy

POLI 575        Game Theory

 

Course Descriptions

BUSI 540:  Strategic Management Theory

This seminar covers foundational as well as contemporary theories in strategic management. The course draws upon foundational theoretical perspectives from economics, sociology and organization theory to supplement more traditional strategy approaches towards understanding firm performance and related issues. Potential topics on contemporary theories may include: behavioral theory of the firm, transaction cost economics, agency theory, behavioral agency theory, structural contingency theory, theories of cooperative strategy, organizational networks, the resource-based view of the firm and upper echelon theories or theories regarding top management teams, theories of opportunity recognition and new venture creation, resource dependence theory, and theories of organizational evolution.

BUSI 541: Strategy Management Research

This seminar examines the effectiveness of corporate and competitive strategy in creating and maintaining competitive advantage. Topics may include firm resources and sustained competitive advantage, dynamic capabilities and knowledge-based theories of competence, strategy as real options, and cooperative strategy including strategic alliances and joint ventures. Topics may also include corporate diversification strategy, international diversification and entry into emerging markets, corporate governance, management of diversified business groups, strategic entrepreneurship, and management of innovation.

 

Advanced Topics in Strategy (1.5 credit course modules)

Required Advanced Strategy Electives (They take two per semester after the first semester in the program)

 

BUSI 515 Micro foundations of organization & management (1.5)

BUSI 542 Organization change (1.5)

BUSI 543 Executive leadership & corporate governance (1.5)

BUSI 544 Contemporary management thought (1.5)

BUSI 548 Corporate and international strategy (1.5)

BUSI 547 Innovation & knowledge (1.5)

BUSI 551 Strategy research in corporate development (1.5)

BUSI 550 Corporate social responsibility (1.5)

Other topics are likely to be developed in the future

Candidacy

Certification of Candidacy indicates that a student has reached the advanced stage of the Ph.D. Program, permitting him/her to devote full time to writing a dissertation. At least eight months must elapse between admission to candidacy and conferral of the degree. The requirements for candidacy are:
 

  1. Successful completion of the course work requirements 
  2. Successful completion of first- and second-year paper requirements
  3. Successful completion of the examination requirements.

Admissions Information