MBA STUDENT HIREN KOTAK RECEIVES
BEST PAPER
Congratulations to MBA student, Hiren H. Kotak, for receiving ‘Best
Paper of a Track Chair’ from American Society of Business
and Behavioral Sciences, for his finance research paper, titled ‘Effects
of Announcing Early Adoption of Expensing Employee Stock Options
on Stock Performance’, co-authored with Dr. Frank Bacon
of Longwood University.
Hiren attended ASBBS 13th Annual Conference in Las Vegas
during February 23-26, 2006 to present his paper at the conference
and to receive his award. His paper is also accepted for publication
in the e-Journal of Business and Behavioral Sciences.
This research paper uses the standard risk adjusted event
study methodology with the market model, and analyzed 2,520
recent observations on a sample of thirteen S&P 500 financial
firms to examine the impact of the announcement of
expensing employee stock options on the firms’ stock
price. Appropriate statistical test results show a significant
positive market reaction up to nineteen days prior to the announcement
of expensing employee stock options, and they support efficient
market theory at the semi-strong form level.
Also, his case study, titled ‘Improving Debt Collection
Processes using Rule-Based Decision Engines: a case study of
Capital One’ (co-authored with Dr. Amita Goyal-Chin),
has been published in the ‘International Journal of Information
Management’ in February 2006. This case analyzes the
pre and post implementation situation at Capital One, a leading
credit card and financial services company which has successfully
implemented a large-scale rule based decision engine system,
as a component of its core debt collections processes, to achieve
a hallmark competitive edge.
Hiren manages the Strategy and Analysis for Global TeleSales
Operation at Capital One Services, Inc. He received his Bachelor
of Engineering in Electronics from University of Mumbai (India).
He has completed requirement for M.B.A. with concentration
in Finance, and is pursuing a second concentration in Marketing
with global focus at Virginia Commonwealth University. In addition,
he is certified in IT Service Management (ITIL) as well as
certified Project Management Professional (PMP). Hiren has
several years of experience working in Information Technology
and Business Management fields in three different continents.
His work involved all phases of software development life cycle
including analysis, design, development, testing, support and
project management.
He has demonstrated success in driving performance and process
improvements in the Information Technology and Extended Business
Service operations. His recent work involves strategy development
and business improvement initiatives for the global telemarketing
operations across the extended enterprise.
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