Posts Tagged ‘Academy of Business Research’

Why Gambling With Retirement Investments Isn’t A Good Bet

Thursday, October 22nd, 2015

Long-term mutual fund investments can weather economic uncertainty when planning for retirement, according to two SUNY Canton faculty members’ latest research.

“You might win big by dropping a mutual fund and reinvesting, but you also might lose everything,” said Professor Brian K. Harte, Ph.D. “Long term investments or lifecycle funds aren’t as much of a gamble.”

Harte & Kumar

SUNY Canton Professor Brian K. Harte and Assistant Professor Umesh Kumar recently won an award for a paper highlighting their research into long-term lifecycle or mutual fund investments.

Harte and Assistant Professor Umesh Kumar recently received Best Paper in Accounting and Economics at the Academy of Business Research Fall Conference. Their jointly authored paper, “Analyzing Mutual Funds of Various Target Dates for Retirement,” analyzes the performances of long-term investments based on more than 1,000 target date mutual funds from 2010 to 2060.

“Many people plan for retirement based on a specific date,” Harte said. “Our research indicates that individuals stand to earn more by leaving their money in mutual funds until that date rather than trying to reinvest as a means to manage economic downturns.”

Some may see their mutual fund value fall during a recession, but should still leave their investment alone, according to the researchers.

“Funds invested through financial institutions tend to perform better than other riskier ventures,” Kumar said. “Investments are moved to more conservative assets as the funds mature, removing more uncertainty than other schemes.”

Harte teaches in the college’s Criminal Justice program and Kumar teaches in the Finance program. Together, they have now won four awards for their business-related research and publications. Three of their awards have been from the Academy of Business Research, an international society of scholars and practitioners who exchange ideas and collaborate in a conference setting.


About SUNY Canton

SUNY Canton is Northern New York’s premier college for career-driven bachelor’s degrees, associate degrees and certificate programs. The college delivers quality hands-on programs in engineering technology, health, management and public service.  Faculty members are noted for their professional real-world experience in addition to outstanding academic credentials. SUNY Canton OnLine offers hundreds of flexible and convenient courses as well as 10 exclusively online bachelor’s degrees. The college’s 14 athletic teams compete as members of the NCAA Division III.

SUNY Canton Professors’ Research Wins Award

Friday, October 19th, 2012

A research paper written by SUNY Canton’s Associate Professor of Criminal Justice Brian K. Harte, Ph.D., and Assistant Professor of Finance Umesh Kumar was recently awarded “Best Paper in [the] Financial Economics Session” at the Academy of Business Research Fall International Conference in Atlantic City, N.J.

Umesh Kumar and Brian Harte

Their paper titled, “The Regulation of the Foreign Corrupt Practices Act and Investor Response,” which analyzes investors’ response to firms that were convicted under the Foreign Corrupt Practices Act (FCPA) of 1977, was presented at the September conference.

In recent years, federal authorities have increased their attention toward firms violating FCPA compliance. If a firm is prosecuted and convicted under FCPA compliance, it affects not only the firm’s business interests but also the shareholders and consumers’ confidence. Their study analyzes 52 firms convicted for violations of the FCPA during 2006-2011.

“A firm operating internationally has to ensure that it doesn’t indulge in bribing a foreign official to seek business opportunities and also maintain a proper system of internal controls,” Harte said.

“Our research shows that investors are wary in making more investments in a convicted firm,” Kumar noted. “In fact, consumer confidence also suffers for these firms as sales growth becomes sluggish.”

The paper has not been published in its entirety yet. Their research paper “Corporate Social Responsibility and Investor Response in the Post-SOX Era” was also recognized as the Southern Journal of Business and Economics Best Paper in Economics at the Academy of Business Research Fall International Conference last year.

The Academy of Business Research is an international society of scholars and practitioners who exchange ideas and collaborate in a conference setting.

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