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News & Awards

Jaffe Inspires $500,000 Gift To Former University

Austin Jaffe, who departed the University of Oregon 25 years ago to join the faculty of Penn State's Smeal College of Business, left an indelible impression on his students before leaving. So indelible, in fact, that two of his former students recently contributed $500,000 to Oregon in honor of Jaffe's excellence as a teacher.

Real Estate Professor Honored Twice For Excellence

Abdullah Yavas, the William Elliott Professor of Business Administration at Penn State's Smeal College of Business, was recently recognized as a Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics. He was also named Outstanding Editorial Board Member of the journal Real Estate Economics .

Smeal Hosts Real Estate Lecture Series

Penn State's Smeal College of Business will host the inaugural Advance Realty Group Real Estate Lecture at 4 p.m. on March 17 in the Nittany Lion Inn Ballroom C. Keith Getter, managing director and chief of staff at Legg Mason, and John McGurk, president of Rothschild Realty, will discuss "Real Estate as a Favored Asset Class."

Insurance Industry Panel Features Crocker

Keith Crocker, the William Elliott Chaired Professor of Insurance and Risk Management at Penn State's Smeal College of Business, recently joined a panel of insurance industry experts to talk about New York Attorney General Eliot Spitzer's investigation of commercial insurance brokers and the overall state of the industry.

Smeal College Real Estate Faculty Rank No. 2 For Editorial Representation

Penn State's Smeal College of Business ranks No. 2 in an assessment of real estate programs according to research in the Journal of Real Estate Practice and Education , which measures faculty representation on the editorial boards of leading real estate journals.

Real Estate Internet Listings Increase Time On Market, Sales Price According To Smeal Professor

For-sale homes marketed on the Internet and via the Multiple Listing Service (MLS) approach take longer to sell while earning marginally higher prices than houses not on the Internet according to the first research on the subject co-authored by Abdullah Yavas, Elliott Professor of Real Estate at Penn State's Smeal College of Business

Smeal College Faculty Suggest Improvements To Online Reputation Measurement

The feedback systems used by online retailers to gauge the reputations of sellers provide fewer incentives to trust or be trustworthy according to research co-authored by Gary Bolton and Elena Katok of Penn State's Smeal College of Business, along with Axel Ockenfels of the University of Cologne.

Baumgartner, Yavas Named To Distinguished Positions At Smeal

Hans Baumgartner, professor of marketing at Penn State's Smeal College of Business, and Abdullah Yavas, a professor in the college's Department of Insurance and Real Estate, have been named the Charles and Lillian Binder Faculty Fellow and the William Elliott Professor, respectively, in honor of their national and international reputations in research, teaching, and public service.

Smeal College Professors Develop New Approach To Accurately Predict Jury Behavior

Current methods of jury research used by consultants and others in the legal community are not always successful at predicting how a jury will actually behave in a trial situation, but two professors at Penn State's Smeal College of Business have developed a new approach based on the field of experimental economics that can help lift the fog surrounding jury decision making.

Smeal College Professor's Study Points To Less Money For Some Home Sellers

Owners of lower-priced homes should be wary of entering into alternative listing arrangements with real estate brokers—namely exclusive agency contracts that allow sellers to avoid paying commission—according to a study co-authored by Abdullah Yavas of Penn State University's Smeal College of Business. The study finds that such arrangements typically result in a lower price-of-sale and therefore less money for the seller.

Smeal College Business Law Professors Honored For Intellectual Property Contributions

Jeff Sharp and Daniel Cahoy, business law faculty members in Penn State's Smeal College of Business, recently earned three awards at the annual meeting of the Academy of Legal Studies (ALSB), demonstrating the significant strides being made by the college in the area of intellectual property research and education.

Smeal's Sharp Receives University's Highest Teaching Honor

Jeffery M. Sharp, Associate Professor of Business Law, has been selected to receive the Milton S. Eisenhower Award for Distinguished Teaching. The Milton S. Eisenhower Award for Distinguished Teaching recognizes excellence in teaching and student support among tenured faculty who have been employed full time for at least five years with undergraduate teaching as a major portion of their duties. Milton S. Eisenhower, brother of former U.S. president Dwight D. Eisenhower, served as president of Penn State from 1950 to 1956.

Smeal Professor Earns Real Estate Lifetime Achievement Award

Dr. Austin J. Jaffe has been awarded the 2002 George Bloom Award from the American Real Estate and Urban Economics Association (AREUEA). Jaffe is Philip H. Sieg Professor of Business Administration, Director of International Programs, and Director of the Institute for Real Estate Studies at Penn State's Smeal College of Business.