Turner College professor of management Phil Bryant recently surpassed 3,500 career Google Scholar citations. Additionally, Google Scholar reports that his i10-index is equal to 15, meaning that Bryant has published 15 studies that have each garnered at least 10 citations. Google Scholar also reports an additional metric. This is a scholar’s h-index, which is the largest number, h, of a scholar’s publications that have each garnered at least h citations. Bryant’s h-index is 14, meaning that his 14 most-cited studies have each generated at least 14 citations. Bryant's top-cited publication is a 2010 study on retaining talent that appears in Academy of Management Perspectives . Another piece on the same subject – this one appearing in a 2013 issue of Compensation and Benefits Review – has garnered the second-most citations over Bryant’s career. Each of these studies was co-authored with David Allen of the University of Memphis, while the first of the two was also written with James V...
New Study by Turner College's Gisung Moon Examines Capital Budgeting Techniques Presented in Financial Management Textbooks
A new study by Turner College finance professor Gisung Moon and Hongbok Lee of Western Illinois University examines the capital budgeting techniques presented in financial management textbooks published by major U.S. publishers, focusing on the types of cash flows and discount rates, and then proposes improvements to traditional capital budgeting techniques . The study finds that textbooks typically evaluate a project's net cash flows using the firm's weighted average cost of capital (WACC). This method is valid only when the project's net cash flows have the same systematic risk as the firm's net cash flows. However, this assumption often does not hold. To address this, Moon and Lee propose using dual discount rates for the project's operating cash flows and expected future investment outlays. Specifically, the project's operating cash flows should be discounted at the firm's WACC or at a rate that reflects the systematic risk associated with those cas...