New Research by Mixon Investigates Impact of Oil Price Volatility in India

With over one billion population, India is the third largest consumer of petroleum on the globe. To maintain this position, India imports a substantial percentage of its total oil consumption. The world oil market can be extremely volatile. Given India’s current position as a large importer of oil, how does oil price volatility affect the Indian economy? This question is addressed in new research by Turner College economist Frank Mixon and his co-authors, Kamal Upadhyaya of the University of New Haven and Raja Nag of New York Institute of Technology, in new research appearing in the International Journal of Financial Studies. Results reported in the study suggest that innovations in oil prices explain about 10.5% of the variation in India’s aggregate output over three months, rising to about 11.5% over six months, before falling to 10.25% percent over nine months, and again to about 9.5% over one year.

Relatedly, impulse response functions presented and explained in the study show that a shock in oil prices impacts aggregate output beginning in the third period, reaching a plateau after the sixth period. Lastly, Mixon and his colleagues caution that the results of their study may not apply globally, or even to other south Asian countries. Thus, the approach they use to examine the impact of oil price shocks on India’s economy should be applied to other countries, particularly those in south Asia (e.g., Sri Lanka, Nepal, etc.).

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Turner College Grad Publishes Academic Study on Corporate Culture and Strategy

Former Turner College student Tamara Todorova , now an associate professor of economics at American University in Bulgaria (AUB), recently published a study on corporate culture and strategy. Todorova earned an MBA from the Turner College in 1996 and then went on to earn a doctorate in international economics from the University of Economics - Varna in 2001. She has been on the faculty at AUB since August of 2000. Todorova's study, which appears in the current issue of the International Journal of Business Performance Management , investigates how corporate culture helps to economize on the transaction costs of internal organization. As she explains, the dimensions of corporate culture that assist in this task include increasing trust and reducing intrafirm opportunism. Todorova's study demonstrates that setting common goals and a common direction reduces the sizeable costs of internal organization. Tamara's prior research appears in Economics of Transition , International

Hammer joins Turner College Finance Faculty

The Turner College's Department of Accounting and Finance welcomes Melissa Ingle Hammer , who joins the group as an adjunct faculty in finance. Hammer graduated from the Turner College in 2005, after earning a BBA in finance. She later went on to earn an MBA from Auburn University, a Specialist Certificate in Conduct Risk from the University of Manchester, a Certificate in Team Culture from the University of Pennsylvania, and a Certificate in Executive Presence from Cornell University. Hammer is the SVP of Fair Lending Product Management with RiskExec at Asurity. She previously worked as Compliance Manager of Fair Lending at Synovus, a senior regulatory consultant with Wolters Kluwer, and as VP of Compliance at TD. This semester Hammer will be teaching FINC 3135, Financial Institutions and Technologies. Turner Business welcomes Melissa and wishes her a great first semester in the Turner College.

TSYS School, Jianhua Yang, Lixin Wang Each among Top Five in the World

New research by computer scientists in the School of Information Technology at Universiti Utara Malaysia that ranks institutions and individuals on the basis of scholarship in the area of stepping-stone attacks heaps praise on the Turner College’s TSYS School of Computer Science and two of its faculty – Jianhua Yang and Lixin Wang . The article, published in the April 2023 issue of the International Journal of Research in Engineering and Science , provides a bibliometric analysis of both publication and citation data from 2000 to September of 2022 related to research on stepping-stone intrusion. Among several results, it reports that Columbus State University ranks second worldwide, trailing only the University of Houston, using total publications on the subject as the basis of comparison. A number of other U.S. institutions appear in the top 10, including third-ranked North Carolina State University, fourth-ranked University of Illinois, sixth-ranked Iowa State University, eig

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