Insurance & Risk Management Annual Symposium and IRMI Dinner
Left to right: Bryan Okuley, Casie Grau, Diane Hipp, Richard Wallack, Roc Starks (Moderator)
The Department held the Annual Insurance & RM Symposium on September 16, 2021 after a hibernation in 2020. Titled as “Insurance Industry during & after the Pandemic”, the primary topic of the symposium was how the insurance industry has responded to COVID-19 issues with respect to staffing, financial implications, remote work and myriad other related issues. Panelists representing Ohio Mutual, Medical Mutual, Westfield Group and Western and Southern Insurance spent the afternoon discussing the impact of COVID-19 on Employee recruitment and retention, employee engagement and the overall impact on their business model. Approximately 75 students from across the Schmidthorst College of Business were in attendance. (More event photos are in Photo Gallery)
Immediately following the Symposium, the Department held the Annual Insurance & Risk Management Institute (IRMI) Dinner starting 5:15 p.m. After the dinner, IRMI members were formally recognized for their strong and continuous support for our Insurance & RM program and student activities including IRMI scholarships. After the recognition of IRMI members, Dr. Sung Bae also recognized winners of last year’s insurance scholarships. Then, Professor Roc Starks briefed on AY 2020-21 IRMI activities and introduced student presenters who spoke on their activities with GIS chapter and internship experience.
Finance and Insurance & Risk Management Advisory Board Virtual Joint Meeting
The Department held the virtual joint Finance and Insurance Advisory Board meeting on September 17 with 18 attendees (6 FAB, 7 IAB, and 5 faculty members). The meeting started 10:00 a.m. and after a brief introduction of attendees and development updates by Karly DeGroot, Dr. Sung Bae and Professor Roc Starks presented updates on Finance and Insurance programs and student activities, respectively. Following the presentations, breakout meetings for FAB and IAB ensued for around an hour. Then, the two boards convened again and presented the main issues and outcomes from each board meeting by the board chair or rep. The joint meeting adjourned at 12:20 p.m.
Finance Advisory Board Breakout Meeting
Attendees: FAB-Daniel Burke; Brendan Foley; Matt Garrow; Mark Kangas; Bruce Misamore; Neil Roache. Faculty-Sung Bae; Steve Rush; Tonghua Zheng
The Board discussed two main issues: Discussion Topic 1 - board governance; and Discussion Topic 2 – polishing learning goals for Finance Specialization. For DT1, the Board elected Kangas as Chair, Misamore as Advisor and Burke as Vice Chair. For DT2, several constructive comments/inputs were offered.
FAB new officers and Dr. Bae met again virtually on December 13 to discuss modifications in the current FAB bylaws. The newly revised FAB bylaws will be presented to the FAB members in its next meeting.
Insurance Advisory Board Breakout Meeting
Attendees: IAB-Peter Bahner, Sr.; Brian Bowerman; Sarah Burns; Hannah Decker; Connie Frey; Thomas Hogan; Geoffrey Radbill. Faculty-Rock Starks
The Board discussed enrollment in the Risk Management and Insurance specialization for fall 2021 as compared with prior years. The Board also reviewed a number of growth strategies such as visits to other finance classes, Gamma Iota Sigma members presenting in INS 2100 (introductory class) and coordination with the Actuarial Science students in the College of Arts and Sciences. The Board also reviewed the Academic Year 2021-22 scholarship updates and how the Insurance and RM specialization might increase its Diversity, Equity and Inclusion efforts.
- Kwon, Taek Ho, Sung C. Bae, Soon Hong Park, “The Interactions of Corporate Sales Growth and Diversification Strategy: Cross-Country Evidence.” Journal of International Financial Markets, Institutions, and Money 75 (2021). (ABS rating: 3).
- Bae, Sung C., Taek Ho Kwon, “Do Firms Benefit from Related Party Transactions with Foreign Affiliates? Evidence from Korea.” International Review of Finance 21 (September 2021), Issue 3, 945-965. (ABS rating: 3)
- Bae, Sung C., Taek Ho Kwon, “Hedging Operating and Financing Risk with Financial Derivatives during the Global Financial Crisis” Journal of Futures Markets 41 (March 2021), Issue 3, 384-405. (ABS rating: 3)
- Francis, B., Hasan, I., Liu, L., Wu, Q., & Zhao, Y. (2021). Financial analysts’ career concerns and the cost of private debt. Journal of Corporate Finance, 67, 101868. (ABS rating: 4)
Faculty Activities, Achievements and Awards
- Dr. Mingsheng Li presented his research work entitled “Is social trust a governance mechanism? Evidence from dividend payout of Chinese firms” at the 2021 Financial Management Association (FMA) Conference in Denver. Three of his papers have been accepted for publishing. The paper entitled “Price informativeness and state-owned enterprises: considering their heterogeneity” was accepted for publishing by International Review of Financial Analysis, which has an ABS rating of 3. His second paper entitled “Credit policy and its effects on green innovation” was accepted for publishing by Journal of Financial Stability, which has an ABS rating of 3. His third paper entitled “Political connection and its impact on equity market” was accepted for publishing by Research in International Business and Finance, which has an ABS rating of 2. He was appointed as a Deputy Editor by Accounting and Finance since March 2021, and he continues to serve as an Associate Editor of Research in International Business and Finance. He took faculty improving leave (FIL) in fall 2021 and will return to campus in spring 2022.
- Dr. Liuling Liu participated in Federal Reserve Bank of Cleveland Economics Scholars Program (ESP) with several program students.
- Professor Phillip Bollin, Certified Financial Planner™, was accepted into membership by the National Association of Personal Financial Advisors (NAPFA) in 2021. NAPFA is a prestigious association of the country’s leading Fee-Only financial planners. Accepted members must pass a rigorous approval process which includes a review of the member’s comprehensive financial planning deliverables. NAPFA provides education, support and a rigid framework and discipline for its 3,800 member practitioners. It is estimated that less than 1% of all licensed financial advisors are NAPFA practitioners. Bollin’s firm, Bollin Wealth Management LLC, is one of only two NAPFA member firms in the Toledo metropolitan area.
- Professor Roc Starks was promoted to Associate Teaching Professor. He was also recognized through the Center for Faculty Excellence for making a difference in the lives of students.
New Staff-Adjunct Professors
Tony Zheng is a Chemical Engineer by training with a PhD from Tulane University. He has worked in the industry for 16 years including companies such as BASF and Johns Manville.
Tony also has an MBA in Finance from Bowling Green State University. In addition to utilizing his Finance skills in Engineering, he has been an Adjunct Professor of Finance since 2015. He is teaching 2 sections for 2021-2022 academic year at Bowling Green State University.
Tony lives with his wife (a CAE engineer at O-I), son (17 years old) and daughter (13 years old) in Sylvania, OH. In his spare time, Tony enjoys playing basketball and investing.
Lonie D. Moore is an Advanced Mathematics Teacher and Head of In-Plan Guaranteed Income Retirement Products at Nationwide Financial, who has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in education and actuarial science. Lonie has the FINRA Series 6 and Series 65 qualifications, as well as Ohio Life, Accident & Health, and Variable Contracts licenses.
He has a BS in Actuarial Mathematics and German from Bowling Green State University and two Master’s degrees; MS in Statistics from West Virginia University and an MBA from Xavier University. Lonie is currently Teaching the Retirement and Employee Benefits Planning (FIN 4140) course at BGSU.
In his personal life, Lonie enjoys spending time with his daughters (Grace, Emily, and Zuri) and playing guitar.
Special thanks to our donors for scholarships, gifts, and other contributions:
|Allison McGranaghan||Andrew & Kimberly Fichthorn||Avery Dennison Corporation|
|Brendan & Kimberly Foley||Brett Newman||-|
|Brown and Brown Insurance||Bruce & Janet Misamore||-|
|Charles & Deborah Lynn Schaan||Christian Burns||Collin Reynolds|
|Daniel P. Klein & Linda Bowyer||Darwin B. Close||David Day & Jose Rodrigues|
|Donald L. & Suzanne Speck||Emery S. Gielow||Fern Harger|
|Fifth Third Bank Foundation||Fran McGranaghan||Frank & Kathleen Verdi|
|Fred E. Scholl Charitable Foundation||Fritz Brown||Geoffrey & Linda Radbill|
|Grange Insurance||Huntington Bank||Hylant family foundation|
|Jake Sweede||Jared Poff||Jeffrey Born|
|Joan McGranaghan||John & Deborah Bowen||J. Warren Hall|
|Kahle/Fiduccia Family||Kenneth H. Harger||Kenneth & Nancy L. Arndt|
|KeyBank of Northwest Ohio||Kiwanis Perrysburg||Margaret P. Close|
|Mary Jane Little Dorais||Maryana Hall||MacArthur Plumart|
|Mark Kangas (North Star Group)||Mark McGranaghan||Matt & Jennifer Wey|
|Matthew & Jane Garrow||Maureen & Christopher Conroy||Maurice E. Miller, Jr.|
|Medical Mutual of Ohio||Michael G. Romanello||Michael & Julia Mitchell|
|Michael & Mary Lee McGranaghan||Mingsheng Li||Neil Roache|
|Norman Fichthorn||Ohio Farmers Insurance||Ohio Insurance Institute|
|Owens-Illinois Charities Foundation||Paramount Insurance||Peter G. & Donna L. Bahner|
|Prudential Insurance||Rachel Wingate||Raj & Kausalya Padmaraj|
|Richard & Mary Gilts||RIMS of Toledo||Robert & Laura Wolverton|
|Steven Rado||Sung & Kwangmi Bae||Thomas & Cynthia Pemberton|
|Timothy Egloff & Tracy Tester||Tony Zheng & Xia Liu||-|
|Western & Southern Life||Westfield Insurance||William & Muriel Fichthorn|
Updated: 04/07/2022 04:34PM