July 31, 2002

Los Angeles — UCLA Anderson announces the advancement of four faculty members in the areas of finance, human resources and organizational behavior, accounting and marketing:

 Bhagwan Chowdhry, Ph.D., moves from associate professor to professor of finance

 Chris Erickson, Ph.D., goes from associate professor to professor of human resources and organizational behavior
Shlomo Benartzi, Ph.D., gains tenure and transitions from assistant professor to associate professor of accounting

 Bart Bronnenberg, Ph.D., receives tenure and advances from assistant professor to associate professor of marketing

“These faculty members are among our most talented and have excelled in both research and teaching,” said Rakesh Sarin, chairman and senior associate dean at UCLA Anderson. “We are proud to recognize their contributions through these promotions, and we look forward to their continued productivity and leadership for our school.”

Prof. Chowdhry, who joined the faculty in 1988, previously served as area head of the finance department at UCLA Anderson. Last year, he was named director of the School’s Center for International Business Education and Research (CIBER). Chowdhry is associate editor of the four scholarly finance journals and has most recently published, “Information Aggregation, Security Design and Currency Swaps,” Journal of Political Economy, 2002, (with Mark Grinblatt and David Levine) and “Resources, Real Options and Corporate Strategy,” Journal of Financial Economics, 2002, (with Antonio Bernardo). His research interests are in the areas of international finance and corporate finance and strategy. Chowdhry has also organized and taught executive education programs on financial derivatives, corporate risk management and valuation in Los Angeles, Singapore, Hong Kong, Mumbai and Hyderabad.

An UCLA Anderson  faculty member since 1991, Prof. Erickson teaches courses on negotiations, industrial relations and human resource management, and is currently focusing his research on comparative industrial relations systems, recent innovations in union organizing and employer training practices. Erickson is also associate director of the UCLA Institute of Industrial Relations. Some recent publications include: “Change and Transformation in Asian Industrial Relations,” Industrial Relations, April 2002 (with S. Kuruvilla); “Justice for Janitors in Los Angeles: Lessons from Three Rounds of Negotiations,” British Journal of Industrial Relations, September 2002 (with C. Fisk, R. Milkman, D. Mitchell and K. Wong); and “The Effect of Employer Networks on Workplace Innovation and Training,” Industrial and Labor Relations Review, forthcoming (with S. Jacoby).

As one of the nation’s foremost experts on pension plans, Prof. Benartzi serves the school in many ways as a researcher, teacher and expert on 401(k) plans. He serves on the U.S. Department of Labor’s Employee Retirement Income Security Act (ERISA) Advisory Council. Benartzi most recently developed (along with Richard Thaler of the University of Chicago) the well-received Save More Tomorrow or “SMarT” plan, which enables employees to contribute a specified percentage of upcoming pay increases to their 401(k), while minimizing the confusion often involved in determining one’s contribution to a pension plan. His most recent paper, with Richard Thaler, is “How Much Is Investor Autonomy Worth?” Journal of Finance, August 2002. Benartzi is the 2001 winner of UCLA Anderson’s George W. Robbins Assistant Professor Teaching Award.

Prof. Bronnenberg is beginning his fifth year with UCLA Anderson’s marketing department. A popular teacher of courses on market assessment, Bronnenberg’s most recent research looks at spatial and multi-market aspects of marketing. Specifically, he studies how firms market products differently when they serve many interrelated markets as opposed to a single market. He is also interested in preference formation, consumer choice and consideration sets. Among his recent papers is “Using Multimarket Data to Predict Brand Performance in Markets for Which No or Poor Data Exist,” (co-authored with Catarina Sismeiro), Journal of Marketing Research, February 2002.

All four faculty promotions were effective July 1, 2002.

UCLA Anderson is ranked in the top tier of graduate business schools in the United States. Established in 1935, UCLA Anderson today has 125 faculty members who serve 660 full-time MBA students, 400 fully-employed MBA students, 140 executive MBA students, and 65 Ph.D. students.

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