Professor Richard Sansing was promoted to professor of accounting, effective July 1. In announcing Sansing's promotion from associate to full professor, Dean Paul Danos remarked that Sansing's teaching is "marked by great concern for students' learning and an uncanny ability to make analytical material alive and relevant."

Sansing came to Tuck in 1998 from Yale, where in 1996 he was awarded the Yale School of Management's Alumni Association Award for Excellence in Teaching. Since 2003, he has also served as visiting professor at Tilburg University in the Netherlands. At Tuck, he most recently taught the Managerial Accounting and Taxation and Business Policy electives.

Sansing's current research involves the development of analytical models to investigate the microeconomic effects of taxation. His other research interests include the valuation of deferred taxes, after-tax divisional performance evaluation, firm valuation and shareholder level taxes, and private foundations. Sansing is a member of the research resources and the doctoral consortium planning committees of the American Taxation Association and has served on the editorial boards of The Accounting Review and the Journal of the American Taxation Association.

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Faculty Notes
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More information about new and current Tuck faculty is available in the Tuck Faculty Directory.

Professor Kusum Ailawadi's article on predicting competitive response, coauthored with Professors Praveen Kopalle and Scott Neslin, was the winner in June of the prestigious John D.C. Little Best Paper Award in Marketing Science. Her papers on retail promotion profitability and the impact of promotion-induced consumer stockpiling have been accepted for publication. Both will appear in the Journal of Marketing Research. Her report on quantifying and improving promotion profitability at CVS has also been accepted for publication in Marketing Science. Ailawadi presented her latest research at the INFORMS Marketing Science Conference in June and at the London Business School Summer Camp in July. Her current research projects involve study of competing retailer response to an entry by Wal-Mart and examine retailers' pass-through rates of manufacturer promotion funding.

Professor Andrew Bernard's paper "Heterogeneous Firms and Comparative Advantage," coauthored with Stephen Redding and Peter Schott, has been accepted for publication in the Review of Economic Studies. His paper "Trade Costs, Firms and Productivity," coauthored with J. Bradford Jensen and Peter Schott, has been accepted for publication in the Journal of Monetary Economics, and his paper "Multinationals, Firm Structure and Plant Deaths," also coauthored with Jensen, has been accepted for publication in the Review of Economics and Statistics. In May, he organized the Universities Research Conference on Firms and the Evolving Structure of Global Economic Activity for the National Bureau of Economic Research. This year, Bernard also joined Tuck's Center for International Business as the senior associate director.

Professor B. Espen Eckbo presented his paper "The Toehold Puzzle," coauthored with Sandra Betton and Karin Thorburn, at faculty seminars in the U.S. and in Europe. He presented his paper "Bidding in Automatic Bankruptcy Auctions: Theory and Evidence," also coauthored with Thorburn, at SMU. Eckbo served as a panelist at the Transatlantic Corporate Governance Dialogue, sponsored by the American Law Institute and the European Corporate Governance Institute and held at the New York Federal Reserve Bank, and was keynote speaker at a conference on mergers and acquisitions at the University of Exeter. He just completed editing a new book, Handbook of Corporate Finance: Empirical Corporate Finance (volume A; Elsevier-North Holland, Handbooks of Finance Series), which includes his chapter "Security Offerings," coauthored by Ronald Masulis and Øyvind Norli. As director of Tuck's Center for Corporate Governance, he published the paper "Corporate Governance—i et Nøtteskall" ("Corporate Governance—in a Nutshell") in Penger og Kreditt (Journal of the Norwegian Central Bank) and contributed a lead article entitled "Strong Insiders Invite Weak Governance" in the Financial Times "Mastering Corporate Governance" Summer School Series. Eckbo is currently working on several new research projects in areas spanning investment banking and security issuances, corporate takeovers, insider trading, executive compensation, and the pricing of liquidity risk.

Professor Sydney Finkelstein has three new books coming out this year: Dynamic Capabilities: Understanding Strategic Change in Organizations, coauthored with Professors Connie Helfat and Margie Peteraf, among others; Advances in Mergers and Acquisitions, volume 5; and Breakout Strategy: Meeting the Challenge of Double-Digit Growth. Breakout Strategy describes how companies can shift from a weak position to leadership in their industry by engaging in a series of strategic initiatives that capitalize on changes in the marketplace. Finkelstein was also honored for his article "Leveraging Intellect," coauthored with Professor James Brian Quinn, which was named one of the top 10 articles in the history of the journal Academy of Management Executives.

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