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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.

Li Cai

“” published in The North American Journal of Economics and Finance, March 2026. The co-author is Stuart Ph.D. in Finance student Jiachen Liu.

“R&D Premium: The Intangible Side of Value” 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.

• View profile: Associate Professor of Finance Li Cai

Stanton Hudja

“” published in Experimental Economics, November 2025.

View profile: Assistant Professor of Business Analytics and Strategy Stanton Hudja

Sang Baum “Solomon” Kang

“,” published in the Global Finance Journal, September 2025. Read more in �Ӱ�ԭ�� Tech News.

“,” published in the Journal of Financial Stability, August 2023. Assistant Professor of Finance You Lu (Stuart Ph.D. MSC ’20), Soochow University, China, is a co-author.

“,” 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 �Ӱ�ԭ�� Tech news.

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

Wenchen Wang

Interviewed on The 21st Show on �Ӱ�ԭ�� Public Media on September 23, 2025, about a research study by the Project for Middle Class Renewal that she co-authored titled “What Makes Work More Than Just a Living? Determinants of Employment Quality in �Ӱ�ԭ��.” .

“,” published in Industrial Relations: A Journal of Economy and Society, August 2025.

Served as a panelist on The 21st Show on �Ӱ�ԭ�� Public Media on December 19, 2024. Discussion focused on the lasting wage gaps across �Ӱ�ԭ�� in which women get paid less than men, including the perspective of women of color. . 

Co-author of “,” report of the Project for Middle Class Renewal, School of Labor and Employment Relations, University of �Ӱ�ԭ�� Urbana-Champaign, published October, 2024.

• View profile: Industry Assistant Professor of Business Economics Wenchen Wang

Bruno Castelo-Branco

Received honorable mention recognition in the 2024 given by the American Marketing Association. Castelo-Branco completed his dissertation, titled “Hot Triggers vs Cold Preferences: Consumption Patterns in Digital Media,” at Stephen M. Ross School of Business at the University of Michigan.

• View profile: Assistant Professor of Business Analytics and Strategy Bruno Castelo-Branco

Weslynne Ashton

Appeared on the (episode 31) on the topic “Profit Is Not the Only Value” in March 2025. Discussion focused on the need for businesses to move beyond purely financial metrics to adopt a more holistic view of value creation and regeneration. The monthly podcast is a collaboration between Thinkers50 and Deloitte.

Featured with experts from the School of Design at Politecnico di Milano in a on the role of design-led innovation in the modern food industry. The event, celebrating Italian Design Day, was presented by the Consulate General of Italy and the Italian Cultural Institute of Chicago, in partnership with the Institute of Design.

Panelist in a discussion about food safety and local food access on WTTW’s Chicago 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 Chicago, 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 �Ӱ�ԭ�� 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.

• 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 �Ӱ�ԭ�� 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.

• 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 �Ӱ�ԭ�� Tech news.

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

• 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

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.

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

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, Assistant Dean and Industry Assistant Professor of Business Administration Helen Ezenwa, and seven alumni of the Stuart Master of Public Administration program. Read more in �Ӱ�ԭ�� 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 .

• 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 �Ӱ�ԭ�� 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:

• Behavioral economics
• Circular economy
• Consumer engagement
• Corporate social responsibility
• Digital media
• Diversity in the workplace
• Effects of non-compete agreements
• Ethics in automated financial markets
• Experimental economics
• Hedging and risk management
• High-frequency finance
• Labor economics and labor market outcomes
• Leader-member exchange (LMX) in management
• Marketing communications
• Product placement
• Sustainable enterprise

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

All Stuart Faculty