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Faculty Profiles 2011/2012

ForewordThe complexity of the world is increasing at an accelerating pace. To appreciate the risks, uncertainties and opportunities associated with this rising complexity requires a sophisticated understanding of the dynamics of the global business, economic and political environment.

In their drive to develop a fuller understanding of the world, and their enthusiasm to transform thought leadership into impactful pedagogy, INSEAD faculty have created a unique business school for the world which prides itself on maintaining a vibrant intellectual environment.

Through INSEADs campuses in France, Singapore and Abu Dhabi, our faculty have risen to the challenge of creating one school with multiple locations and pushing the frontiers of knowledge as they inspire and instruct generations of global managers.

I am proud to present our 173 faculty members in this latest edition of the booklet, which provides a glimpse of the extraordinary intellectual power that has sustained INSEADs leadership in international management education for over 50 years.

Ilian MIHOV Deputy Dean for Faculty and Research

Table of ContentsAlphabetical Index ............................................ 1 Area Index ....................................................... 4 Accounting and Control .................................... 7 At Large ......................................................... 16 Decision Sciences ........................................... 18 Economics and Political Sciences ................... 32 Entrepreneurship and Family Enterprise ........ 48 Finance .......................................................... 70 Marketing ....................................................... 90 Organisational Behaviour ............................. 113 Strategy ....................................................... 141 Technology and Operations Management ..... 172 Chairholder Index ........................................ 194 Area Chair Index .......................................... 196

IndexAAggarwal Vikas A ........................... 49 Anderson Philip ............................. 50 Angehrn Albert A. ........................ 173 Angelmar Reinhard ....................... 91 Ayres Robert U. .................... 33, 174

DDemers Elizabeth ......................... 10 Dermine Jean ............................... 71 Diecidue Enrico ............................ 20 Dong Xi ....................................... 72 Doz Yves L. ................................ 150 Dumas Bernard ............................ 73 Dutt Pushan ................................. 35 Dutta Soumitra .......................... 178 Dyas Gareth .............................. 151

BBart Yakov ................................... 92 Bearden J. Neil ............................. 19 Bennedsen Morten ........................ 34 Bensaou Ben M. ......................... 175 de Bettignies Henri-Claude .......... 114 Bhattacharya Shantanu ............... 176 Bissada Youssef F. ........................ 51 Black Stewart ............................. 115 Boulos Fares .............................. 142 Brannen Mary Yoko ..................... 143 Bresman Henrik ......................... 116 Brimm Linda .............................. 117 Brimm Michael ........................... 118 Bruno Hernan A. ............................ 93

EEvans Paul A. L. ......................... 119 Evgeniou Theodoros ...................... 21

FFalcao Horacio .............................. 22 Fang Lily Hua ............................... 74 Fatas Antonio ............................... 36 Filipowicz Allan ............................ 120 Frank Douglas ............................ 152

CCapron Laurence ........................ 144 Carlock Randel ............................. 52 Carmon Ziv .................................. 94 Casanova Lourdes ...................... 145 Chandon Pierre ............................. 95 Chang Woo-Jin ...............................8 Chattopadhyay Amitava ................ 96 Chen Guoli ................................. 146 Chen Wei-Ru .............................. 147 Chick Stephen ............................ 177 Christen Markus ........................... 97 Cohen Jacob ..................................9 Cool Karel .................................. 148 Corstjens Marcel ............................ 98 Costantini James ......................... 149

GGaba Anil .................................... 23 Gaba Vibha ................................ 121 Gabel H. Landis ............................ 37 Galunic D. Charles ...................... 122 Gargiulo Martin ........................... 123 Gatignon Hubert ........................... 99 Gimeno Javier ............................ 153 Girotra Karan ............................. 179 Godart Frederic .......................... 124 Gregersen Hal ........................... 125 Greve Henrich .............................. 53 Gromb Denis ................................ 75

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HHansen Morten T. ......................... 54 Hasija Sameer ............................ 180 Hawawini Gabriel ........................... 76 Heau Dominique ......................... 154 Hibon Michele .............................. 24 Hietala Pekka ............................... 77 Hilary Gilles ................................. 11 Hillion Pierre ................................ 78 Huang Li .................................... 126 Huy Quy ..................................... 155

Manzoni Jean-Franois ................ 133 Massa Massimo ............................ 81 Mauborgne Renee ....................... 160 Meyer Erin .................................. 134 Mezias Stephen J. ......................... 60 Michaud Claude ............................ 39 Midgley David ............................ 102 Mihm Jurgen .............................. 182 Mihov Ilian ................................... 40 Monahan Steven ........................... 12 Morris G. Deigan ........................... 13 Morrison Allen J. ......................... 161 Mortensen Mark ......................... 135

IIbarra Herminia ........................... 127

NNam Myungwoo.......................... 103 Netessine Serguei ....................... 183

JJain Dipak C. .............................. 100 Jarrett Michael ........................... 128 Jones Neil .................................. 156

OOuazad Amine .............................. 41

KKaiser Kevin ................................. 79 Kapstein Ethan ............................. 38 Karelaia Natalia ............................ 25 Kets De Vries Manfred F. R. ........... 55 Kewene-Hite Paul ......................... 56 Kim Ji-Yub (Jay) ........................... 57 Kim W. Chan .............................. 157 Kinias Zoe .................................. 129 Kleindorfer Paul ........................... 181

PPadmanabhan V. (Paddy) ............ 104 Pant Narayan ............................. 162 Parker Philip M. ........................... 105 Peress Joel .................................. 82 Petriglieri Gianpiero ................... 136 Peyer Urs .................................... 83 Pich Michael ......................... 61, 184 Pinson Christian ......................... 106 Plassmann Hilke ......................... 107 Popescu Dana ............................ 185 Popescu Ioana .............................. 28

LLarreche Jean-Claude .................. 101 Lasserre Philippe ........................ 158 Laurent Andre ............................. 130 Lehman Roger .............................. 58 Lobo Miguel Sousa ........................ 26 Luo Xiaowei Rose ......................... 59 Lynch Susan .............................. 159

RRameau Claude ............................ 29 Rangan Subramanian .................. 163 Remmers Lee ................................ 84 Rogan Michelle A. ......................... 62 Rudi Nils ..................................... 186

MMaddux William .......................... 131 Maenhout Pascal ........................... 80 Makridakis Spyros ....................... 27 Mannarelli Thomas....................... 132

SSadoulet Loic ............................... 42 Santacreu Ana Maria ..................... 43 Santos Filipe ................................ 63

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Santos Jos ............................... 164 Sarvary Miklos ........................... 108 Schornick Astrid V. ....................... 85 Schtte Hellmut ......................... 165 Segal Benjamin ............................ 14 Sengupta Kishore ....................... 187 Shekshnia Stanislav ....................... 64 Shipilov Andrew V. ...................... 166 Sinaceur Marwan ........................ 137 Singh Jasjit ................................. 167 Smith N. Craig .............................. 17 Sosa Manuel .............................. 188 Spiro Jarrett ............................... 138 Story Jonathan .............................. 44 Swaab Roderick .......................... 139 Sweldens Steven ........................ 109 Szulanski Gabriel ......................... 168

XXu Hongwei .................................. 68

YYoung S. David ............................. 15 Yucesan Enver ............................ 193

ZZeisberger Claudia ................... 31, 69 Zemsky Peter B. .......................... 171 Zhang Hong .................................. 89

TTeboul James .............................. 189 Tepla Lucie ................................... 86 Thanheiser Heinz ......................... 169 Tsetlin Ilia .................................... 30 Turner Patrick ............................... 65

VVan der Heyden Ludo ............. 66, 190 Van Wassenhove Luk ................... 191 Van Zandt Timothy ........................ 45 Vanneste Bart S. ......................... 170 de Vericourt Francis ..................... 192 Vermaelen Theo ........................... 87 Viallet Claude ............................... 88 Vissa Balagopal ............................. 67

WWadhwa Monica .......................... 110 Webber Douglas ............................ 46 Weinstein David .......................... 111 Wertenbroch Klaus ...................... 112 Witt Michael A. .............................. 47 Woodward Ian ............................. 140

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ACCOUNTING AND CONTROLWoo-Jin Chang ........................... 8 Jacob Cohen ............................. 9 Elizabeth Demers ..................... 10 Gilles Hilary ............................. 11 Steven Monahan ....................... 12 G. Deigan Morris ....................... 13 Benjamin Segal ........................ 14 S. David Young ........................ 15

Ethan Kapstein ......................... 38 Claude Michaud ........................ 39 Ilian Mihov ............................... 40 Amine Ouazad .......................... 41 Loic Sadoulet ........................... 42 Ana Maria Santacreu .................. 43 Jonathan Story ......................... 44 Timothy Van Zandt ................... 45 Douglas Webber ....................... 46 Michael A. Witt ......................... 47

AT LARGEN. Craig Smith .......................... 17

ENTREPRENEURSHIP AND FAMILY ENTERPRISEVikas A. Aggarwal ..................... 49 Philip Anderson ........................ 50

DECISION SCIENCESJ. Neil Bearden ......................... 19 Enrico Diecidue ........................ 20 Theodoros Evgeniou .................. 21 Horacio Falcao ......................... 22 Anil Gaba ................................ 23 Michele Hibon .......................... 24 Natalia Karelaia ........................ 25 Miguel Sousa Lobo .................... 26 Spyros Makridakis .................... 27 Ioana Popescu ......................... 28 Claude Rameau ........................ 29 Ilia Tsetlin ............................... 30 Claudia Zeisberger .................... 31

Youssef F. Bissada .................... 51 Randel Carlock ......................... 52 Henrich Greve .......................... 53 Morten T. Hansen ..................... 54 Manfred F. R. Kets De Vries ........ 55 Paul Kewene-Hite ..................... 56 Ji-Yub (Jay) Kim ....................... 57 Roger Lehman .......................... 58 Xiaowei Rose Luo ...................... 59 Stephen J. Mezias ..................... 60 Michael Pich ............................. 61 Michelle A. Rogan ..................... 62 Filipe Santos ............................ 63 Stanislav Shekshnia .................. 64

ECONOMICS AND POLITICAL SCIENCESRobert U. Ayres ........................ 33 Morten Bennedsen .................... 34 Pushan Dutt ............................. 35 Antonio Fatas ........................... 36 H. Landis Gabel ........................ 37

Patrick Turner .......................... 65 Ludo Van der Heyden ................ 66 Balagopal Vissa ........................ 67 Hongwei Xu ............................. 68 Claudia Zeisberger .................... 69

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FINANCEJean Dermine .......................... 71 Xi Dong ................................... 72 Bernard Dumas ........................ 73 Lily Hua Fang ........................... 74 Denis Gromb ........................... 75 Gabriel Hawawini ...................... 76 Pekka Hietala ........................... 77 Pierre Hillion ............................ 78 Kevin Kaiser ............................ 79 Pascal Maenhout ...................... 80 Massimo Massa ........................ 81 Joel Peress .............................. 82 Urs Peyer ................................ 83 Lee Remmers ........................... 84 Astrid V. Schornick ................... 85 Lucie Tepla .............................. 86 Theo Vermaelen ....................... 87 Claude Viallet ........................... 88 Hong Zhang ............................. 89

V. (Paddy) Padmanabhan .......... 104 Philip M. Parker ....................... 105 Christian Pinson ....................... 106 Hilke Plassmann ...................... 107 Miklos Sarvary ........................ 108 Steven Sweldens ..................... 109 Monica Wadhwa ....................... 110 David Weinstein ...................... 111 Klaus Wertenbroch ................... 112

ORGANISATIONAL BEHAVIOURHenri-Claude de Bettignies ........ 114 Stewart Black .......................... 115 Henrik Bresman ....................... 116 Linda Brimm ........................... 117 Michael Brimm ........................ 118 Paul A. L. Evans ...................... 119 Allan Filipowicz ........................ 120 Vibha Gaba ............................. 121 D. Charles Galunic ................... 122 Martin Gargiulo ........................ 123

MARKETINGReinhard Angelmar ................... 91 Yakov Bart .............................. 92 Hernan A. Bruno ...................... 93 Ziv Carmon ............................. 94 Pierre Chandon ........................ 95 Amitava Chattopadhyay ............ 96 Markus Christen ....................... 97 Marcel Corstjens ....................... 98 Hubert Gatignon ....................... 99 Dipak C. Jain .......................... 100 Jean-Claude Larreche ............... 101 David Midgley ......................... 102 Myungwoo Nam ...................... 103

Frederic Godart ....................... 124 Hal Gregersen ......................... 125 Li Huang ................................. 126 Herminia Ibarra ....................... 127 Michael Jarrett ........................ 128 Zoe Kinias .............................. 129 Andre Laurent ......................... 130 William Maddux ....................... 131 Thomas Mannarelli ................... 132 Jean-Franois Manzoni .............. 133 Erin Meyer .............................. 134 Mark Mortensen ....................... 135 Gianpiero Petriglieri .................. 136 Marwan Sinaceur ..................... 137

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Jarrett Spiro ........................... 138 Roderick Swaab ...................... 139 Ian Woodward ........................ 140

Heinz Thanheiser ..................... 169 Bart S. Vanneste ..................... 170 Peter B. Zemsky ...................... 171

STRATEGYFares Boulos ........................... 142 Mary Yoko Brannen .................. 143 Laurence Capron ..................... 144 Lourdes Casanova ................... 145 Guoli Chen ............................. 146 Wei-Ru Chen .......................... 147 Karel Cool .............................. 148 James Costantini ..................... 149 Yves L. Doz ............................ 150 Gareth Dyas ........................... 151 Douglas Frank ......................... 152 Javier Gimeno ......................... 153 Dominique Heau ...................... 154 Quy Huy ................................. 155 Neil Jones ............................... 156 W. Chan Kim .......................... 157 Philippe Lasserre ..................... 158 Susan Lynch ........................... 159 Renee Mauborgne .................... 160 Allen J. Morrison ...................... 161 Narayan Pant .......................... 162 Subramanian Rangan ............... 163 Jos Santos ............................ 164 Hellmut Schtte ...................... 165 Andrew V. Shipilov .................. 166 Jasjit Singh ............................. 167 Gabriel Szulanski ..................... 168

TECHNOLOGY AND OPERATIONS MANAGEMENTAlbert A. Angehrn .................... 173 Robert U. Ayres ....................... 174 Ben M. Bensaou ....................... 175 Shantanu Bhattacharya ............ 176 Stephen Chick ......................... 177 Soumitra Dutta ........................ 178 Karan Girotra .......................... 179 Sameer Hasija ......................... 180 Paul Kleindorfer ....................... 181 Jurgen Mihm ........................... 182 Serguei Netessine .................... 183 Michael Pich ............................ 184 Dana Popescu ......................... 185 Nils Rudi ................................. 186 Kishore Sengupta .................... 187 Manuel Sosa ........................... 188 James Teboul .......................... 189 Ludo Van der Heyden ............... 190 Luk Van Wassenhove ............... 191 Francis de Vericourt ................. 192 Enver Yucesan ......................... 193

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Accounting and Control

Woo-Jin Chang (Republic of Korea)Assistant Professor of Accounting and Control Tel: 33 (0)1 60 72 92 48 E-mail: woo-jin.chang@insead.edu

TEACHINGFinancial Accounting; Financial Statement Analysis. National University, Republic of Korea 1993: Certificate, Certified Public Accountant in Korea, Republic of Korea

RESEARCH AREASFinancial Accounting and Reporting; Valuation; Economic Consequences of the Regulatory Change; Market Anomalies.

AWARDS AND HONOURS1993: President Award of Seoul National University

FORMER POSITIONS2006: Teaching Assistant, Columbia Business School, Columbia University, USA 2002-2003: Teaching Assistant, College of Business, University of Illinois at UrbanaChampaign, USA 2001-2002: Grading Assistant, College of Business, University of Illinois at UrbanaChampaign, USA 2000-2001: Manager, La Jolla Investments Limited, Republic of Korea 1998-2000: Associate, PricewaterhouseCoopers (Samil Accounting Corporation), Republic of Korea 1995-1998: First Lieutenant, Ministry of National Defense, Republic of Korea 1994-1995: Staff A, Coopers & Lybrand (Samil Accounting Corporation), Republic of Korea

EDUCATION2009: PhD, Columbia Graduate School of Business, USA 2003: Master of Accounting Science, University of Illinois, USA 2000: Certificate, Certified Public Accountant in California, USA 1995: MBA, Seoul National University, Republic of Korea 1993: Bachelor of Business Admin., Seoul

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Jacob Cohen (USA)Affiliate Professor of Accounting and Control and Business Law Tel: 65 6799 5497 E-mail: jake.cohen@insead.edu

TEACHINGFinancial Accounting; Managerial Accounting; Financial Statement Analysis; Mergers & Acquisitions; Corporate Restructuring; Business Law and Government Regulations.

AWARDS AND HONOURS2007: Teaching Award in Fontainebleau Financial Accounting (Core course) 2005: Teaching Award in Singapore Corporate Financial Reporting & Analysis (elective course) 2001-2003: Recognised by Harvard Business School for Extraordinary Effort and Outstanding Student Evaluations 1998-1999: Syracuse University School of Management Professor of the Year

RESEARCH AREASCorporate Restructuring; Mergers & Acquisitions; Private Equity; Valuation; Financial Reporting; Business Law and Government Regulations.

SELECTED PUBLICATIONS"Accounting for Mergers & Acquisitions", INSEAD Case Study, N5487 (2007) (with Young S. David) "Financial Fraud at Royal Ahold", INSEAD Case Study, N5422 (2007) (with Hawkins David and Raver Jenifer) "Citigroup Inc.: Accounting for Loan Loss Reserves", INSEAD Case Study, N5809 (2007) (with Hawkins David and Lobo Gerald J.) "Infosys Technologies Ltd. - Accounting for Human Capital", INSEAD Case Study, N5384 (2007) (with Raver Jenifer and Hawkins David) "J.P. Morgan Chase and Bank One Merger", INSEAD Case Study, N5383 (2006) (with Yang Anne) "Recapitalization of Trump Hotel & Casino Resorts Inc. ", INSEAD Case Study, N5372 (2006) (with Yang Anne) "The Acquisition of Unocal Corporation", INSEAD Case Study, N5368 (2006) (with Yang Anne) "Transforming Southcorp Ltd", INSEAD Case Study, N5224 (2004) (with Hawkins David and Cohen Shira)

EXTERNAL ACTIVITIESConsultant to corporations and investment banks: The Blackstone Group, Crdit Suisse, Arcelor Mittal, AstraZeneca and others.

FORMER POSITIONSAssistant Professor, Syracuse University, USA Senior Teaching Fellow, Harvard Business School, USA

EDUCATION1999: Certified Public Accountant (CPA) 1998: MSc. in Accounting, Syracuse University, USA 1998: Doctorate of Law, Corporate, Securities and Tax Law, Syracuse University, USA 1995: BSc. in Accounting, Lehigh University, USA

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Elizabeth Demers (Canada)Assistant Professor of Accounting and Control Tel: 33 (0)1 60 72 92 06 E-mail: liz.demers@insead.edu

TEACHINGFinancial Accounting; Financial Statement Analysis.

EXTERNAL ACTIVITIESEditorial board member, Journal of Business Finance & Accounting. Referee for numerous academic journals, including: The Journal of Accounting Research, Review of Accounting Studies, Journal of Financial Economics, Journal of Accounting & Economics, Contemporary Accounting Research, Financial Management, Journal of Business Finance and Accounting, Journal of Accounting, Auditing & Finance, and the Journal of Business. Consulting activities include academic research presentations and the analysis of financial statements and accounting red flag reviews for hedge fund and other investment managers, as well as litigation support for the quantification of economic damages in accounting fraud and high tech industry cases. FORMER POSITIONS 1999-2006: Assistant Professor, University of Rochester, USA EDUCATION PhD, Business Administration, Stanford University, USA MSc., Statistics, Stanford University, USA Master's Degree, Accounting, University of Waterloo, Canada Bachelor of Arts, Accounting, University of Waterloo, Canada Chartered Accountant, Canada Certified Management Accountant (Retired), Canada Chartered Business Valuator (Retired), Canada

SELECTED PUBLICATIONS "The Relevance of Accounting Information in a Stock Market Bubble: Evidence from Internet IPOs", Journal of Business, Finance and Accounting 37, N 3-4 (2010) 291-321 (with Bhattacharya Neil and Joos Philip) "Discussion of "Biases in MultiYear Management Financial Forecasts: Evidence from Private Venture-Backed U.S. Companies"", Review of Accounting Studies 12, N 2-3 (2007) 217-225 "IPO Failure Risk", Journal of Accounting Research 45, N 2 (2007) 333-371 (with Joos Philip) "The Marketing Role of IPOs: Evidence from Internet Stocks", Journal of Financial Economics 68, N 3 (2003) 413-437 (with Lewellen Katharina A.) "Discussion of High Technology Intangibles and Analysts' Forecasts", Journal of Accounting Research 40, N 2 (2002) 313-319 "Alterations in Airway Inflammation and Lung Function During Corticosteroid Therapy for Atopic Asthma", Chest 121, N 5 (2002) 1414-1420 (with Faul John L., Burke Connor M. and Poulter Leonard W.) "A Rude Awakening: Internet Shakeout in 2000", Review of Accounting Studies 6, N 2-3 (2001) 331-359 (with Baruch Lev) "The Value Drivers of Internet Stocks Before and After the Bursting of the Bubble", TIAA-CREF Investment Forum (2001)

AWARDS AND HONOURS2008: INSEAD MBA Dean's Teaching Honour Roll 2005: Who's Who in the World 2004: Who's Who in America 2003: Simon School Teaching Honor Roll awarded to Top 5 Instructors 2003: KPMG & UIUC Business Measurement Program, Winner of Competitive Manuscript Competition on Risk Measurement and Disclosure 2001: CIMA Grant for project 1996-1997: PAC-10 Doctoral Consortium Fellow 1994: American Academic Accounting Association Fellowship Award 1994-1997: Society of Management Accountants of Canada Doctoral Fellowship

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Gilles Hilary (France)Associate Professor of Accounting and Control Tel: 33 (0)1 60 72 92 33 E-mail: gilles.hilary@insead.edu

TEACHINGFinancial Accounting; Financial Analysis; Accounting Fraud; Accounting-based Trading Strategies. 2005: Franklin Prize for Teaching Excellence (Undergraduate Teaching) 2002-2004: Wei Lun Fellowship 2001-2010: Multiple SSRN Top Ten Download Lists 2001-2002: Oscar G. Mayer Foundation Fellowship 2000: Aoki Outstanding Paper Award

RESEARCH AREASEconomics of Information and Contracts; Behavioural Finance; Corporate Finance; Accounting-based Asset Pricing; Corporate Governance.

EXTERNAL ACTIVITIESAd hoc Associate Editor: Contemporary Accounting Research (2009-present); Editorial board member: The Accounting Review (2009-present), Contemporary Accounting Research (2010-2014); Ad hoc referee: The Accounting Review, Auditing: A Journal of Practice & Theory, Contemporary Accounting Research, European Accounting Review, Hong Kong Research Grants Council, the International Journal of Accounting, the Journal of Accounting and Economics, the Journal of Accounting and Public Policy, the Journal of Accounting Research, the Journal of Banking and Financial Analysis, the Journal of Corporate Finance, the Journal of Finance, the Journal of International Financial Management and Accounting, Management Science and the Social Sciences and Humanities Research Council of Canada (2001-present).

SELECTED PUBLICATIONS The Role of Anchoring Bias in the Equity Market: Evidence from Analysts Earnings Forecasts and Stock Returns, The Journal of Financial and Quantitative Analysis (Forthcoming) (with Cen Ling, Wei KC John) "Endogenous Overconfidence in Managerial Forecasts", The Journal of Accounting and Economics 51, N 3 (2011) 300-313 (with Hsu Charles) "CEO Ability, Pay, and Firm Performance", Management Science 56, N 10 (2010) 1633-1652 (with Chang Yuk Ying and Dasgupta Sudipto) "How Does Financial Reporting Quality Relate to Investment Efficiency?, The Journal of Accounting and Economics 48, N 2-3 (2009) 112-131 (with Biddle Gary C. and Verdi Rodrigo S.) "Does Religion Matter in Corporate Decision Making in America?", Journal of Financial Economics 93, N 3 (2009) 455-473 (with Hui Kai Wai) "The Effect of Auditor Quality on Financing Decisions", The Accounting Review 84, N 4 (2009) 1085-1117 (with Chang Xin and Dasgupta Sudipto) "Accounting Quality and Firm-level Capital Investment", The Accounting Review 81, N 5 (2006) 963-982 (with Biddle Gary C.) "Analyst Coverage and Financing Decisions", Journal of Finance 61, N 6 (2006) 3009-3048 (with Chang Xin and Dasgupta Sudipto)

FORMER POSITIONS2009-2010: Associate Professor, HEC Paris, France 2007-2011: Tenured Associate Professor, Hong Kong University of Science and Technology, Hong Kong 2002-2006: Assistant Professor, Hong Kong University of Science and Technology, Hong Kong 1998-2001: Teaching Assistant, University of Chicago, USA 1995-1997: Auditor , KPMG/EY, France

EDUCATION2002: PhD, University of Chicago, USA 1995: Master of Arts, Ecole Suprieure de Commerce, Clermont-Ferrand, France 1994: MBA, Cornell University, USA Habilitation Diriger les Recherches (French postdoctoral degree) Finance University of Paris, Dauphine D.E.S.C.F. (French accounting qualification)

AWARDS AND HONOURS2010: Top Researcher, HEC Paris 2010: Vernimmen BNP Paribas Teaching Award (best overall teaching), initially granted and then rescinded upon resignation from HEC Paris 2007: Franklin Prize for Teaching Excellence, MBA, Hong Kong University of Science and Technology

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Steven Monahan (USA)Associate Professor of Accounting and Control Area Chair, Accounting and Control Tel: 33 (0)1 60 72 92 14 E-mail: steven.monahan@insead.edu

TEACHINGFinancial Statement Analysis with Emphasis on: (1) Accounting-based Valuation and (2) Complex Transactions including Mergers and Acquisitions; Special Purpose Entities; Pensions; Hybrid Securities; Derivatives.

AWARDS AND HONOURS2011: Deans Commendation for Excellence in MBA Teaching, INSEAD 2006: Host and Master of Ceremonies of the 2006 Review of Accounting Studies (i.e., RAST) Conference held at INSEAD 2003: Presenter at American Accounting Association Annual Meetings 1998: Participated in the Financial Accounting Standards Board Doctoral Student Conference 1997: Presenter at American Accounting Association Annual Meetings 1996-1999: Deloitte & Touche Doctoral Fellow 1996-1999: American Accounting Association Doctoral Fellow 1993: Elijah Watt Sells Award - Bronze Medal, Placed Third in the USA on the Uniform CPA Exam

RESEARCH AREASThe Economic Causes and Consequences of Firms' Disclosure Choices; Role of Accounting and Nonaccounting Data in the Fundamental Analysis Process.

SELECTED PUBLICATIONS"Discretionary Disclosure in Financial Reporting: An Examination Comparing Internal Firm Data to Externally Reported Segment Data", The Accounting Review 86, N 2 (2011) 417-449 (with Bens Daniel A. and Berger Philip) "Initial Evidence of the Role of Accounting Earnings in the Bond Market", Journal of Accounting Research 47, N 3 (2009) 721-766 (with Easton Peter and Vasvari Florin) "Altering Investment Decisions to Manage Financial Reporting Outcomes: Asset-backed Commercial Paper Conduits and FIN 46", Journal of Accounting Research 46, N 5 (2008) 10171055 (with Bens Daniel A.) Conservatism, Growth and the Role of Accounting Numbers in the Fundamental Analysis Process", Review of Accounting Studies 10, N 2/3 (2005) 227-260 "An Evaluation of Accounting Based Measures of Expected Returns", The Accounting Review 80, N 2 (2005) 501-538 (with Easton Peter) "Disclosure Quality and the Excess Value of Diversification", Journal of Accounting Research 42, N 4 (2004) 691-730 (with Bens Daniel A.) "Discussion of Using Earnings Forecasts to Simultaneously Estimate Firm-specific Cost of Equity and Long-term Growth", Review of Accounting Studies 16, N 3 (2011) 458-463 "Discussion of is Financial Reporting Shaped by Equity Markets or Debt Markets? An International Study of Timeliness and Conservatism, Review of Accounting Studies 13, N 2-3 (2008) 206-215

EXTERNAL ACTIVITIESModerator of the Valuation/Pricing forum of the American Accounting Association FARS/Credit Suisse Initiative, 2011-present. Editorial board member: The Accounting Review, 2010-present; Journal of Business, Finance and Accounting, 2008-present; Review of Accounting Studies, 2006-present; Journal of Accounting Research, 2005-present; and Contemporary Accounting Research, 2005-2010. Member of Center for Accounting Research and Education Advisory Board, 2007-present.

FORMER POSITIONS2003-2010: Assistant Professor, INSEAD, France 1999-2003: Assistant Professor, Graduate School of Business, University of Chicago, USA 1993-1994: Compensation and Benefits Consultant, Arthur Andersen, Chicago, Illinois, USA

EDUCATION1999: PhD, University of North Carolina, USA 1993: Master's Degree, Accounting, University of Iowa, USA 1991: Bachelor of Arts, University of Northern Iowa, USA

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G. Deigan Morris (United Kingdom)Emeritus Professor of Accounting and Control Tel: 33 (0)1 60 72 92 38 E-mail: deigan.morris@insead.edu

RESEARCH AREASUse of Accounting Information to Measure Wealth Creation; Evaluate Performance and Make Decisions; Encompassing the Diagnosis and Design of Systems as well as the Interpretation and Use of Information; Issues of Generic Defects in Activity-Based Approaches and in Related Techniques. Education and Research in Accounting (1986) (with Gray J.)

AWARDS AND HONOURS1967-1970: Social Sciences Research Council Scholarships

SELECTED PUBLICATIONS Accounting Theory & Practice FT Press (2011) (with Glautier Michael and Underdown Brian) "Organic Decision and Communication Processes and Management Accounting Systems in Entrepreneurial and Conservative Business Organizations", Omega 23, N 5 (1995) 485-497 (with Chenhall Rob) "An Investigation of the Reporting of Questionable Acts in an International Setting", Journal of Accounting Research 31, N sup (1993) 75-103 (with Schultz Joseph J. Johnson Douglas A. and Dyrnes Sverre) "The Role of Post Completion Audits, Managerial Learning, Environmental Uncertainty and Performance" Behavioral Research in Accounting N 5 (1993) 170-186 (with Chenhall Rob) "The Effect of Cognitive Style and Sponsorship Bias on the Treatment of Opportunity Costs in Resource Allocation Decisions", Accounting Organizations and Society 16, N 1 (1991) 27-46 (with Chenhall Rob) "Accounting Data for Value Chain Analysis", Strategic Management Journal 10, (1989) 175-188 (with Hergert M.) "Trends in International Collaborative Agreements" The Columbia Journal of World Business 22, N 2 (1987) 15-21 (with Hergert M.) "Comprehensive Controls for Multinational Corporations" in Managerial Accounting: An Analysis of Current International Comparisons: The Center for International

EXTERNAL ACTIVITIESExpert Witness to the Commission of the European Communities. Academic Expert to the OECD Industry Committee. Consultant to companies on the design and implementation of cost management systems.

FORMER POSITIONSControl Function, Massey Ferguson, United Kingdom

EDUCATION1972: PhD, The School of Industrial and Business Studies, Warwick Business School, United Kingdom 1964: Bachelor of Arts, University of Nottingham, United Kingdom

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Benjamin Segal (Israel)Assistant Professor of Accounting and Control Tel: 65 6799 5386 E-mail: benjamin.segal@insead.edu

TEACHINGFinancial Reporting; Financial Statement Analysis; Valuation.

FORMER POSITIONS2003-2006: Assistant Professor, Graduate School of Management, University of California, USA 2001: Lecturer, Stern School of Business, New York University, USA 1997-1998: Lawyer, Tel-Aviv District Attorney's Office, Israel

RESEARCH AREASFinancial Accounting and Reporting; Value Relevance of Accounting Information; Effects of Regulation, Intangibles and Goodwill; Analyst Reports.

EDUCATION2003: PhD, Stern Business School, New York University, USA 2002: Master of Arts, Stern Business School, New York University, USA 1998: MBA, Tel Aviv University, Israel 1997: Bachelor of Arts, Tel Aviv University, Israel 1997: Bachelors in Law, LLB, Tel Aviv University, Israel

SELECTED PUBLICATIONS "Computerised Retrieval and Classification: An Application to Reasons for Late Filings with the Securities and Exchange Commission", Intelligent Data Analysis 10, N 2 (2006) 183195 (with Rosenfeld Benjamin, Lazar Ron, Livnat Joshua and Feldman Ronen) "Oops, Our Earnings Were Indeed Preliminary: Market Reactions to Companies that Subsequently File Different Earnings with the SEC ", Journal of Portfolio Management 31, N 2 (2005) (with Hollie Dana and Livnat Joshua)

AWARDS AND HONOURS2002: Doctoral Consortium Fellow, American Accounting Association 1998-2002: University Doctoral Fellowship NYU Stern School of Business

EXTERNAL ACTIVITIES1998-present: Member of Israel's Lawyer Bar Association. Book Reviewer and Contributing Author: Financial Reporting & Analysis, Third Edition, Prentice Hall.

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S. David Young (USA)Professor of Accounting and Control Tel: 33 (0)1 60 72 92 51 E-mail: david.young@insead.edu

TEACHINGFinancial Accounting (MBA); Financial Management and Analysis (Executive Education); Value Based Management (Executive Education).

AWARDS AND HONOURS2011: Deans Commendation for Excellence in MBA Teaching, INSEAD 2002: Distinguished Alumni Scholar, The George Washington University, USA 2000: ecch/Business Week European Case Writing Award 2000: Vernon L. Zimmerman Best Paper Award, Asia-Pacific International Accounting Conference, Beijing, China 1991, 1994-1995, 1997-2000, 2002, 2006: Outstanding Teacher Award, INSEAD

RESEARCH AREASValue Based Management; Executive Compensation, Corporate Financial Reporting; Financial Literacy.

SELECTED PUBLICATIONS "What Investors Need to Know About Executive Pay", The Journal of Investing 19, N 1 (2010) 36-44 (with O'Byrne Stephen) Capital Efficiency Measures: Why theyre Rarely Used in Incentive Plans and How to Change that", Journal of Applied Corporate Finance 21, N 2 (2009) 87-92 (with O'Byrne Stephen) "Need Cash? Look Inside your Company", Harvard Business Review (2009) (with Kaiser Kevin) "Incentives and Investor Expectations", Journal of Applied Corporate Finance 18, N 2 (2006) 98-105 (with O'Byrne Stephen) Why Executive Pay is Failing", Harvard Business Review 84, N 6 (2006) 28 (with Stephen O'Byrne) "Top Management Incentives and Corporate Performance", Journal of Applied Corporate Finance 17, N 4 (2005) 105-114 (with Stephen O'Byrne) "Tread Lightly Through these Accounting Minefields", Harvard Business Review 79, N 7 (2001) 129-135 (with Sherman David) From Plan to Market: Financial Statements and Economic Transition in the East German Enterprise European Accounting Review (1999)

EXTERNAL ACTIVITIESConsultant to companies in Europe, Asia, and North America on the implementation of EVA and value-based management. Also advises securities analysts and fund managers on financial analysis and corporate financial reporting.

FORMER POSITIONS1997: Visiting Professor, China Europe International Business School, Shanghai, China 1989: Visiting Professor, International Management Center, Budapest, Hungary 1985-1989: Assistant Professor, Tulane University, USA

EDUCATION1985: PhD, University of Virginia, USA 1979: MBA, Indiana University, USA 1977: Bachelor of Business Admin., George Washington University, USA

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At Large

N. Craig Smith (United Kingdom)The INSEAD Chaired Professor of Ethics and Corporate Responsibility Affiliate Professor of Ethics and Social Responsibility Tel: 33 (0)1 60 72 41 45 E-mail: craig.smith@insead.edu

TEACHINGBusiness Ethics; Corporate Social Responsibility/Sustainability; Social Innovation.

AWARDS AND HONOURS2009: Research funding from EABIS Corporate Partner Funding Programme for Consumer Perceptions of Corporate Responsibility Activities: The CSR Halo Effect 2008: ecch Awards, Ethics and Social Responsibility The Wal-Mart Supply Chain Controversy (with Crawford Robert E.) 2005: Beyond Grey Pinstripes' 2005 European Faculty Pioneer Award for Integrating Social and Environmental Issues into Research and Teaching, Sponsored by the Aspen Institute and EABIS

RESEARCH AREASCorporate Social Responsibility/Sustainability; Business/Marketing Ethics; Ethical Consumerism; Consumer Boycotts; Deception in Marketing; Stakeholder Theory and Stakeholder Engagement.

SELECTED PUBLICATIONS "How Gap Inc. Engaged With its Stakeholders", MIT Sloan Management Review 52, (2011) 69-76 (with Ansett Sean and Erez Lior) "Ethical Decision Making and Research Deception in the Behavioral Sciences: An Application of Social Contract Theory", Ethics & Behavior 21, N 3 (2011) 222-251 (with Kimmel Allan J. and Klein Jill) The New Marketing Myopia, Journal of Public Policy & Marketing 29, N 1 (2010) 411 (with Drumwright Minette E., Gentile Mary C.) "Marketing's Consequences: Stakeholder Marketing and Supply Chain Corporate Social Responsibility Issues", Business Ethics Quarterly 20, (2010) 617-642 (with Palazzo Guido and Bhattacharya C. B.) Global Challenges in Responsible Business, Cambridge University Press (2010) (with Bhattacharya C. B., Vogel David and Levine David) "Social Contract Theory and the Ethics of Deception in Consumer Research", Journal of Consumer Psychology 19, N 3 (2009) 486496 (with Kimmel Allan J. and Klein Jill) Why Managers Fail to do the Right Thing: An Empirical Study of Unethical and Illegal Conduct, Business Ethics Quarterly 17 (2007) 633-667 (with Simpson Sally S., Huang Chun-Yao) Why we Boycott: Consumer Motivations for Boycott Participation, Journal of Marketing 68 (2004) 92-109

EXTERNAL ACTIVITIESEditorial Boards: Business Ethics Quarterly, Journal of Business Ethics Education, Journal of the Academy of Marketing Science and Journal of Public Policy and Marketing. Ethics Committee of SNS Asset Management, Advisory Board of Carbon Clear (a carbon offset company), Scientific Committee of Vigeo (a corporate social responsibility rating agency). Consults with various organisations on business and marketing ethics and corporate social responsibility.

FORMER POSITIONS2000-2007: Associate Professor of Marketing and Ethics; Senior Associate Dean, MBA Programme, London Business School, United Kingdom 1991-2000: Associate Professor of Marketing, Georgetown University, USA

EDUCATIONDoctor of Philosophy, Cranfield Institute of Technology, United Kingdom Bachelor of Arts (1st Class Honours), University of Huddersfield, United Kingdom

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Decision Sciences

J. Neil Bearden (USA)Associate Professor of Decision Sciences Tel: 65 6799 5286 E-mail: neil.bearden@insead.edu

TEACHINGData, Judgement and Uncertainty; Management Decision Making.

AWARDS AND HONOURS2011: Deans Commendation for Excellence in MBA Teaching, INSEAD

RESEARCH AREASBehavioural Decision Theory; Behavioural Operations Research; Dynamic Pricing and Revenue Management.

EXTERNAL ACTIVITIESGuest Editor, Special Issue of Journal of Mathematical Psychology on partiallyobservable Markov decision processes.

SELECTED PUBLICATIONS "A Stochastic Model of Subadditivity", Journal of Mathematical Psychology 51, N 4 (2007) 229-241 (with Wallsten Thomas and Fox Craig) "Multi-attribute Sequential Search", Organizational Behavior & Human Decision Processes N 1 (2007) 147-158 (with Connolly Terry) "Sequential Observation and Selection with Rank-dependent Payoffs: An Experimental Test", Management Science 52, N 9 (2006) 1437-1449 (with Rapoport Anatoly and Murphy Ryan O.) "Experimental Studies of Sequential Selection and Assignment with Relative Ranks", Journal of Behavioral Decision Making 19, N 3 (2006) 229-250 (with Rapoport Anatoly and Murphy Ryan O.) "Sequential Search with Multi-attribute Options", Decision Analysis 3, N 1 (2006) 315 (with Lim Churlzu and Smith Cole) "A New Secretary Problem with Rank-based Selection and Cardinal Payoffs", Journal of Mathematical Psychology 50, N 1 (2006) 5859 "A Multi-attribute Extension of the Secretary Problem: Theory and Experiments", Journal of Mathematical Psychology 49, N 5 (2005) 410-425 (with Murphy Ryan O. and Rapoport Anatoly) "MINERVA-DM and Subadditive Frequency Judgements", Journal of Behavioral Decision Making 17, N 5 (2004) 349-363 (with Wallsten Thomas)

FORMER POSITIONS2006-2007: Assistant Research Professor, Eller College of Management, University of Arizona, USA 2006-2007: Visiting Professor of Decision Sciences, INSEAD, France 2005-2006: Post-doctoral Fellow, Duke University, USA 2003-2005: Post-doctoral Research Associate, Eller College of Management, University of Arizona, USA

EDUCATION2003: PhD, Cognitive (Mathematical) Psychology, University of North Carolina, USA 1997: Bachelor of Arts, Psychology, Southeastern Louisiana University, USA

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Enrico Diecidue (Italy)Associate Professor of Decision Sciences Tel: 33 (0)1 60 72 44 47 E-mail: enrico.diecidue@insead.edu

TEACHINGUncertainty; Data and Judgement; (MBA & EMBA); Management Decision Making (MBA); Modules in Decision Making (Executive Education); Decision Sciences (PhD).

EXTERNAL ACTIVITIESEditorial Board: Decision Analysis, Journal of Risk and Uncertainty.

FORMER POSITIONS2008: Associate Professor, INSEAD, France 2008: Visiting Associate Professor, Wharton School, OPIM Department, USA 2001-2008: Assistant Professor, INSEAD, France

RESEARCH AREASDecision under Risk and Uncertainty.

SELECTED PUBLICATIONS "Risk Preferences at Different Time Periods: An Experimental Investigation", Management Science 57, N 5 (2011) 975-987 (with Abdellaoui Mohammed and Onculer Ayse) "A Quantitative Measurement of Regret Theory", Management Science 56, N 1 (2010) 161-175 (with Bleichrodt Han and Cillo Alessandra) "Reconciling Support Theory and The Bookmaking Principle", Journal of Risk and Uncertainty 38, (2009) 173-190 (with Laornual Dolchai) "Parametric Weighting Functions", Journal of Economic Theory 144, N 3 (2009) 11021118 (with Schmidt Ulrich and Zank Horst) "Aspiration Level, Probability of Success and Failure, and Expected Utility", International Economic Review 49, N 2 (2008) 683-700 (with Van De Ven Jeroen) "Eliciting Decision Weights by Adapting de Finetti's Betting-Odds Method to Prospect Theory", Journal of Risk and Uncertainty 34, N 3 (2007) 179-199 (with Wakker Peter and Zeelenberg Marcel) "Deriving Harsanyi's Utilitarianism from de Finetti's Book-Making Argument", Theory and Decision 61, N 4 (2006) 363-371

EDUCATION2001: PhD, Tilburg University, Netherlands 1996: Bachelor's Degree, Laurea in Economics (Summa Cum Laude), Universita Bocconi, Milan, Italy

AWARDS AND HONOURS2010: Deans Commendation for Excellence in MBA Teaching, INSEAD 2010: Best Teacher Award, Elective courses, INSEAD 2009: MBA Excellence in Teaching Award for outstanding performance, Wharton School 2002: Outstanding Teacher Award, INSEAD

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Theodoros Evgeniou (Greece)Associate Professor of Decision Sciences and Technology Management Tel: 33 (0)1 60 72 45 46 E-mail: theodoros.evgeniou@insead.edu

TEACHINGUncertainty, Data, and Judgement; Models for Strategic Planning; Information Technology in Organisations; Data Analytics for Managers. "Regularization Networks and Support Vector Machines" Advances in Computational Mathematics Machines 13, N 1 (2000) 1-50 (with Pontil Massimiliano and Poggio Tomaso)

RESEARCH AREASDecision Processes; Business Intelligence and Data Mining; Data Analytics in Marketing and Finance; Information Technology in Organisations.

AWARDS AND HONOURS2009: Winner of the ecch European Case Awards "Knowledge, Information & Communication Systems Management" Category 2007: Winner of the ecch European Case Awards "Knowledge, Information & Communication Systems Management" Category 1995: First, MIT Class of 1995 dual Degree Bachelors in Mathematics 1991: Bronze Medal, International Mathematical Olympiad, Sweden

SELECTED PUBLICATIONS "Eliciting Consumer Preferences Using Robust Adaptive Choice Questionnaires" IEEE Transactions on Knowledge and Data Engineering 20, N 2 (2008) 145-155 (with Abernethy Jacob, Toubia Olivier and Vert Jean-Philippe) "A Convex Optimization Approach to Modeling Consumer Heterogeneity in Conjoint Estimation", Marketing Science 26, N 6 (2007) 805-818 (with Pontil Massimiliano and Toubia Olivier) "Generalized Robust Conjoint Estimation", Marketing Science 24, N 3 (2005) 415-429 (with Boussios Konstantinos and Zacharia Giorgos) "Barriers to Information Management", European Management Journal 23, N 3 (2005) 293-299 (with Cartwright Phillip) "Learning Multiple Tasks with Kernel Methods", Journal of Machine Learning Research 5, N 4 (2005) 615-637 (with Micchelli Charles A. and Pontil Massimiliano) "Leave One out Error, Stability, and Generalization of Voting Combinations of Classifiers" Machine Learning 55, N 1 (2004) 71-97 (with Pontil Massimiliano and Eliseeff Andr) "Information Integration and Information Strategies for Adaptive Enterprises", European Management Journal 20, N 5 (2002) 486-494

EDUCATION2000: PhD, Electrical Engineering and Computer Science, MIT, USA 1996: Master of Engineering, Electrical Engineering and Computer Science, MIT, USA 1996: BSc., Mathematics, MIT, USA 1996: BSc., Electrical Engineering and Computer Science, MIT, USA

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Horacio Falcao (USA, Brazil)Affiliate Professor of Decision Sciences Tel: 65 6799 5312 E-mail: horacio.falcao@insead.edu

TEACHINGNegotiation Dynamics (MBA); Negotiation (Executive Education) Award & Outstanding EMBA Elective Teacher Award 2004: Outstanding MBA Elective Teacher Award

RESEARCH AREASNegotiation

FORMER POSITIONS2003: Lecturer of Strategy and Management, INSEAD, France 2001-2002: Partner, Cambridge Negotiation Strategies, USA & Singapore 1996-2000: Negotiation and mediation consultant, CMI International Group, Boston, USA

SELECTED PUBLICATIONS Mediao Internacional in Mediao de Conflitos, Tomo II: Mediao para quem pratica (pp TBD), Almeida T. and Asmar G. (Eds), Saraiva (forthcoming) (with Nuno Delicado) Value Negotiation: How to finally get the Win-Win right, Pearson Education (2010) Value Negotiation: How to finally get the WinWin right (Instructor Manual), Pearson Education (2010) "The Turnaround of Indian Railways", INSEAD Case Study, N5623 (2009) (with Zeisberger Claudia and Gehlen Claudia) "Closing a Deal: Much More than Just Yes or No!" CEIBS Business Review N 28 (2010) 38-41 An Open Channel of Communication: FT Mastering Financial Management Series Financial Times (2006) "Keep your Customers Cool", World Business N 7 (2006) 26-31 "Learning to Negotiate with a Female Touch", World Business N 2 (2006) 30-35

EDUCATION2009: Certificate, Consulting and Coaching for Change, INSEAD, France 2002: MBA, INSEAD, Singapore 1997: Master's in Law, LLM, Harvard Law School, USA 1996: Bachelors in Law, LLB, PUC-Rio, Brazil

AWARDS AND HONOURS2011: Deans Commendation for Excellence in MBA Teaching 2009: Outstanding MBA Elective Teacher Award & Outstanding TIEMBA Elective Teacher Award (awarded by Tsinghua University, Beijing, China) 2006, 2008: Outstanding MBA Elective Teacher Award 2005: Outstanding MBA Elective Teacher

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Anil Gaba (India)The Orpar Chaired Professor of Risk Management Professor of Decision Sciences Academic Director, Center for Decision Making and Risk Analysis (CDMRA) Tel: 65 6799 5334 E-mail: anil.gaba@insead.edu

TEACHINGUncertainty, Data and Judgement; Probability and Statistics; Bayesian Analysis; Decision Making; Risk Management.

AWARDS AND HONOURS8 times MBA Outstanding Teacher Award, INSEAD

EXTERNAL ACTIVITIES RESEARCH AREASDecision Making; Risk Analysis; Bayesian Statistics. 1993-1997: Visiting Associate Professor of Decision Sciences at Fuqua School of Business, Duke University. Member of INFORMS, Special Section on Decision Analysis in INFORMS; International Society for Bayesian Analysis (ISBA). Ad Hoc Referee for many journals on Management, Statistics, Forecasting and Operations Research. Conference Speaker and Consultant at various multinational corporations.

SELECTED PUBLICATIONS "Forecasting and Uncertainty in the Economic and Business World", International Journal of Forecasting 25, N 4 (2009) 794812 (with Makridakis Spyros and Hogarth Robin M.) Dance with Chance: Making Luck Work for You Oxford: Oneworld Publications (2009) (with Makridakis Spyros and Hogarth Robin M.) "Strategic Choice of Variability in Multiround Contests and Contests with Handicaps", Journal of Risk and Uncertainty 29, N 2 (2004) 143-158 (with Winkler Robert and Tsetlin Ilia) "Modifying Variability and Correlations in Winner-Take-All Contests", Operations Research 52, N 3 (2004) 384-395 (with Winkler Robert and Tsetlin Ilia) "Risk Behavior in Response to Quotas and Contests", Management Science 18, N 3 (1999) 417-434 (with Kalra Ajay) "Differences in Subjective Risk Thresholds: Worker Group as an Example", Management Science 44, N 6 (1998) 801-811 (with Viscusi W. Kip) "The Impact of Testing Errors on Value of Information: A Quality Control Example", Journal of Risk and Uncertainty 10, N 1 (1995) 5-13 (with Winkler Robert) "Inferences with an Unknown Noise Level in a Bernoulli Process", Management Science 39, N 10 (1993) 1227-1237

FORMER POSITIONS2006-2009: Dean of Faculty, INSEAD 2002-2006: Dean of Faculty and Research, Asia Campus, INSEAD 2001-2002: Associate Dean of Faculty, Asia Campus, INSEAD 1998-2001: Coordinator, Technology Management Area, INSEAD

EDUCATION1989: PhD, Decision Sciences, Duke University, USA 1983: Bachelor of Arts, Economics, St. Stephen's College, University of Delhi, India

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Michele Hibon (France)Emeritus Lecturer Tel: 33 (0)1 60 72 91 18 E-mail: michele.hibon@insead.edu

TEACHINGApplied Statistics (MBA and EMBA); Business Foundation Program (MBA and EMBA). (Time Series Methods): Results of a Forecasting Competition"

RESEARCH AREASForecasting Competitions; Accuracy of Forecasting Methods; Combination of Forecasts.

EXTERNAL ACTIVITIESDirector of the Board of the International Institute of Forecasters

EDUCATION SELECTED PUBLICATIONS Operational Forecasting with Artificial Neural Networks and Computational Intelligence: Myth or Reality, International Journal of Forecasting (Special Issue) 27, N 3 (2011) 635-660 "The M-3 Competition: Statistical Tests of the Results", International Journal of Forecasting 21, N 3 (2005) 397-409 "To Combine or Not to Combine: Selecting Among Forecasts and their Combinations", International Journal of Forecasting 21, N 1 (2005) 15-24 (with Evgeniou Theodoros) "Response to the Commentaries on "The M3-Competition: Results, Conclusions and Implications", International Journal of Forecasting 17, N 4 (2001) 581-584 (with Makridakis Spyros) "The M3-Competition: Results, Conclusions and Implications", International Journal of Forecasting 16, N 4 (2000) 451-476 (with Makridakis Spyros) "The Accuracy of Extrapolative Forecasting Methods: Additional Empirical Evidence", International Journal of Forecasting 14, N 3 (1998) 339-358 (with Makridakis Spyros) "ARMA Models and the Box-Jenkins Methodology", Journal of Forecasting 16, (1997) 147-163 (with Makridakis Spyros) 1967: Diplme dEtudes Suprieures Specialises, Physique, Universit Paris I, France

AWARDS AND HONOURS2005: Favorite Paper over the last 25 years International Symposium on Forecasting, "MCompetition: The Accuracy of Extrapolation

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Natalia Karelaia (Belarus)Assistant Professor of Decision Sciences Tel: 33 (0)1 60 72 45 11 E-mail: natalia.karelaia@insead.edu

TEACHINGManagement Decision Making; Negotiation. 2007: Research Grant, Swiss National Foundation Grant Trust and Biased Advice 2002: Doctoral Mobility Grant, Ministry of Education and Science, Spain 1999-2002: Graduate Fellowship, Departement of Economics and Business, Universitat Pompeu Fabra, Barcelona, Spain

RESEARCH AREASBehavioural Decision Making; Trust; Competitive Incentives Schemes; Prosocial Behaviour; Unethical Behaviour; Leadership; Self-Identity; Gender; Negotiations.

EXTERNAL ACTIVITIES SELECTED PUBLICATIONS "Identity Challenges of Women Leaders: Antecedents and Consequences of Identity Interference", INSEAD Working Paper (2011) (with Guillen Laura) "One Person in the Battlefield is not a Warrior: Self-construal, Perceived Ability to make a Difference, and Socially Responsible Behavior", INSEAD Working Paper 2011/115/DS (2011) (with Cornelissen Gert and Cojuharenco Irina) "Does Competition Foster Trust? The Role of Tournament Incentives", Experimental Economics (Forthcoming) (2011) (with Keck Steffen) "Entrepreneurial Success and Failure: Confidence and Fallible Judgment", Organization Science (Forthcoming) (2011) (with Hogarth Robin M.) "When should I quit? Gender Differences in Exiting Competitions", Journal of Economic Behavior and Organization (Forthcoming) (2011) (with Hogarth Robin M. and Trujillo Carlos Andres) "The Attraction of Uncertainty: Interactions between Skill and Levels of Uncertainty in Marketentry Games", Journal of Risk and Uncertainty 41, N 2 (2010) 141-166 (with Hogarth Robin M.) "Heuristic and Linear Models of Judgment: Matching Rules and Environments." Psychological Review 114, N 3 (2007) 733- 758 (with Hogarth R. M.) ""Thirst for Confirmation in Multi-attribute Reviewer for: Academy of Management, Swiss National Science Foundation, Experimental Economics, International Journal of Forecasting, Judgment and Decision Making, Management Science, Organizational Behavior and Human Decision Processes, Organization Science, and other journals.

FORMER POSITIONS2008: Visiting Scholar, Harvard University, USA 2005-2008: Assistant Professor, HEC, Universit de Lausanne, Switzerland 2005-2007: Visiting Professor, ENPC, Ecole Nationale des Ponts et Chausses, France 2004-2005: Adjunct Professor, IES, The Institute for International Education of Students, Spain 2003-2008: Adjunct Professor of Business Strategy, Universitat Pompeu Fabra, Spain

EDUCATION2005: PhD, Economics, Finance and Management, Universitat Pompeu Fabra, Spain 2000: MSc., Economics, Finance and Management, Universitat Pompeu Fabra, Spain 1998: Bachelor's Degree, Economics, Belarusian State Economic University, Belarus

Choice: Does Search for Consistency Impair Decision Performance?", Organizational Behavior & Human Decision Processes 100 (2006) 128-143

AWARDS AND HONOURS2006-2008: Swiss National Science Foundation, European Collaborative Research Project Decision Making: Exploiting Bounded Rationality

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Miguel Sousa Lobo (Portugal)Assistant Professor of Decision Sciences Tel: 971 2 651 5337 E-mail: miguel.lobo@insead.edu

TEACHINGUncertainty, Data & Judgment; Models for Strategic Planning. "Applications of Second-order Cone Programming", Linear Algebra and its Applications 284, (1998) 193-228 (with Vandenberghe Lieven, Boyd Stephen and Lebret Herv)

RESEARCH AREASSequential Decision-Making, with applications to Revenue Management, Price Optimisation, Financial Engineering, and Market Microstructure; Models for Social Network Analysis.

AWARDS AND HONOURS2000: Outstanding Contribution Award, Broadbase Software 1999: Best Student Paper Award for Policies for Simultaneous Estimation and Optimization, ACC

SELECTED PUBLICATIONS Human Judgment is Heavy-Tailed: Empirical Evidence and Implications for the Aggregation of Estimates and Forecasts Management Science (Forthcoming) (with Yao Dai) "Optimal Portfolio Liquidation with Distress Risk", Management Science 56, N 11 (2010) 1997-2014 (with Brown David B. and Carlin Bruce Ian) "Resource and Revenue Management in Nonprofit Operations", Operations Research 57, N 5 (2009) 1114-1128 (with de Vericourt Francis) "When Competence is Irrelevant: The Role of Interpersonal Affect in Task-Related Ties", Administrative Science Quarterly 53, N 4 (2008) 655-684 (with Casciaro Tiziana) "Episodic Liquidity Crises: Cooperative and Predatory Trading", Journal of Finance 62, N 5 (2007) 2235-2275 (with Carlin Bruce Ian and Viswanathan S.) "Portfolio Optimization with Linear and Fixed Transaction Costs", Annals of Operations Research (2007) (with Fazel M. and Boyd Stephen ) "Competent Jerks, Lovable Fools, and the Formation of Social Networks", Harvard Business Review 83, N 6 (2005) 92-99 (with Casciaro Tiziana)

FORMER POSITIONS2007: Visting Professor, INSEAD, France 2005-2006: Visiting Professor, Columbia Business School, Columbia University, USA 2003: Visiting Researcher, Tilburg University, Netherlands 2001-2008: Assistant Professor, The Fuqua School of Business, Duke University, USA 2000-2001: Consultant 1999: Teaching Fellow, Stanford University, USA

EDUCATION2000: PhD, Stanford University, USA 1998: Master of Arts, Political Science, Stanford University, USA 1995: MSc., Electrical Engineering, Stanford University, USA 1994: Licence, Licenciatura in Electrical and Computer Engineering, Universidade Tcnica de Lisboa, Portugal

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Spyros Makridakis (Greece)Emeritus Professor of Decision Sciences Tel: +30 6977661144 E-mail: spyros.makridakis@insead.edu

TEACHINGApplied Statistics; Forecasting Business Trends and their Implications. Forecasting. Member of the Editorial Board: Cahiers du Centre d'Etudes de Recherche Oprationnelle, RAIRO, and International Journal of Benchmarking for Quality and Technology Management. Reviewer: JASA, ORQ, RAIRO, Journal of Business, Decision Sciences, Business and Economic Statistics, Management Science, Journal of the Royal Statistical Society, Applied Statistics, Omega, Journal of Operations Management, International Transactions in Operational Research, Journal of Operational Research. Society Consultant to various organisations including AT&T, Motorola, UNESCO, Aussedat-Rey, Honeywell, Air Liquide, ICI and Seagram.

RESEARCH AREASForecasting and the Implications when Accurate Predictions are not Possible; The Impact of Future Trends and Changes on Business Firms and their Strategies.

SELECTED PUBLICATIONS Dance with Chance: Making Luck Work for You Oxford: Oneworld Publications (2009) (with Hogarth Robin M. and Gaba Anil) Forecasting: Methods and Applications, 3rd Ed. John Wiley and Sons (1998) (with Wheelwright Steven C. and Hyndman, Rob J.) Forecasting, Planning and Strategy Collier McMillan Publishers (1990) Forecasting Methods for Management, 5th Ed. John Wiley and Sons (1989) (with Wheelwright Steven C.) "Why Forecasts Fail. What to Do Instead", Harvard Business Review (2010) (with Hogarth Robin M. and Gaba Anil) "Decision Making and Planning under Low Levels of Predictability", International Journal of Forecasting 25, N 4 (2009) 716-733 (with Nassim Nikolas Taleb) The Accuracy of Extrapolative (Time Series) Methods: Results of a Forecasting Competition, Journal of Forecasting 1, N 2 (1982) (lead article, was voted, in 2005, as the favourite paper published during the last 25 years in the field of forecasting)

FORMER POSITIONS1987: Visiting Professor, University of Hawaii, USA 1984: Visiting Professor, McGill University, USA 1978: Visiting Scholar, Harvard University, USA

EDUCATION1969: PhD, Graduate School of Business Administration, New York University, USA 1968: MBA, Graduate School of Business Administration, New York University, USA 1964: Diploma, Graduate School of Industrial Studies, Athens, Greece

AWARDS AND HONOURS1998: Best Teacher Award, INSEAD

EXTERNAL ACTIVITIESFounding editor-in-chief: Journal of Forecasting and International Journal of Forecasting. Editor: International Journal of

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Ioana Popescu (Romania)Booz & Company Chaired Professor in Strategic Revenue Management Associate Professor of Decision Sciences Area Chair, Decision Sciences Tel: 65 6799 5343 E-mail: ioana.popescu@insead.edu

TEACHINGDynamic Pricing and Revenue Management; Uncertainty, Data and Judgment; Decision Making; Dynamic Programming.

AWARDS AND HONOURS2011: Deans Commendation for Excellence in MBA Teaching, INSEAD 2010: Supervised award winning paper, INFORMS Decision Analysis Student Paper Competition 2009: Dean's Commendation for MBA Teaching, INSEAD 2008: Supervised Finalist paper, INFORMS DAS Student Paper Competition 2008: Dean's Commendation for MBA Teaching, INSEAD 2005: Finalist, INFORMS JFIG Paper Competition 2003: First place, INFORMS JFIG Paper competition 2000: Finalist, Nicholson Paper Competition

RESEARCH AREASPricing and Revenue Management; Behavioural Pricing; Dynamic Optimisation; Decision Making Under Uncertainty; Moment Problems.

SELECTED PUBLICATIONS "An Elasticity Approach to the Newsvendor with Price Sensitive Demand", Operations Research 59, N 2 (2011) 301-312 (with Kocabiyikoglu Ayse) "Dynamic Pricing with Loss Averse Consumers and Peak-End Anchoring", INSEAD Working Paper (2010) (with Nasiry Javad) "Media Revenue Management with Audience Uncertainty: Balancing Upfront and Spot Market Sales", Manufacturing and Services Operations Management (2009) (with Araman Victor) "Dynamic Pricing Strategies with Reference Effects", Operations Research 55, N 3 (2007) 413-429 (with Wu Yaozhong) "Managerial Motivation Dynamics and Incentives", Management Science 53, N 5 (2007) 834-848 (with Kocabiyikoglu Ayse) "Robust Mean-Covariance Solutions for Stochastic Optimization", Operations Research 55, N 1 (2007) 98-112 "A Semidefinite Programming Approach to Optimal-moment Bounds for Convex Classes of Distributions", Mathematics of Operations Research 30, N 3 (2005) 632-657 "Optimal Inequalities in Probability Theory: A Convex Optimisation Approach", Society for Industrial and Applied Mathematics 15, N 3 (2005) 780-804

EXTERNAL ACTIVITIESAssociate Editor for Management Science and M&SOM; Guest Editor for INFORMS Transactions on Education; Board member of the INFORMS Revenue Management and Pricing Section

EDUCATION1999: PhD, Operations Research and Applied Mathematics, MIT, USA 1995: Bachelor of Arts, Mathematics and Computer Science, Wellesley College, USA 1993: Bachelor of Arts, Undergraduate Applied Mathematics, Universitatea Bucuresti, Romania

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Claude Rameau (France)Emeritus Professor of Decision Sciences Tel: 33 (0)1 60 72 40 00 E-mail: claude.rameau@insead.edu

RESEARCH AREASDecision Sciences; Decision Making; Quantitative Analysis.

SELECTED PUBLICATIONS New Trends in Management Education (1995) La prise de dcision: acte de management. Editions dOrganisation (1972) Les statistiques: un outil de management, enseignement programm. Editions dOrganisation (1969)

AWARDS AND HONOURS1994: Fellow of the Academy of International Business 1993: Fellow of the International Academy of Management

EXTERNAL ACTIVITIESVice-President of EFMD (European Foundation for Management Development), Brussels. Board Member of: INSEAD, CMC (Czech Management Centre, Prague), MFP Australia (Adelaide). Deputy Mayor of Melun, France.

FORMER POSITIONS1979-1993: Dean, INSEAD, France 1972-1982: Associate Dean, INSEAD, France 1967-1973: Assistant / Associate / Full Professor, INSEAD, France 1963-1967: Management Consultant

EDUCATIONIngnieur des Telecommunications, France 1962: MBA, INSEAD, France

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Ilia Tsetlin (Russian Federation)Associate Professor of Decision Sciences Tel: 65 6799 5339 E-mail: ilia.tsetlin@insead.edu

TEACHINGUncertainty, Data and Judgment; Models for Strategic Planning (MBA); Probability and Statistics; Bayesian Analysis (PhD); Modules on Decision Making (Executive Education). "Risky Choices and Correlated Background Risk", Management Science 51, N 9 (2005) 1336-1345 (with Winkler Robert)

AWARDS AND HONOURS2010, 2011: Deans Commendation for Excellence in MBA Teaching, INSEAD 2007: Finalist of Decision Analysis Society Publication Award 2002: Runner-up in the Decision Analysis Society Student Paper Competition 2001-2002: Student Travel Awards, The Fuqua School of Business, Duke University 1999-2003: Recipient of Doctoral Fellowship, The Fuqua School of Business, Duke University 1993: MS Diploma with Honours, Moscow Institute of Physics and Technology

RESEARCH AREASDecision Making; Auction Theory; Bayesian Statistics; Collective Choice.

SELECTED PUBLICATIONS "Multiattribute Utility Specifying a Preference for Combining Good with Bad", Management Science 55, N 12 (2009) (with Winkler Robert) "Ultimatum Deadlines", Management Science 55, N 8 (2009) 1423-1437 (with Tang Wenjie and Bearden J. Neil) "Apportioning of Risks via Stochastic Dominance", Journal of Economic Theory 144, N 3 (2009) 994-1003 (with Eeckhoudt Louis and Schlesinger Harris) "Revenue Ranking of Discriminatory and Uniform Auctions with an Unknown Number of Bidders", Management Science 54, N 9 (2008) 1610-1623 (with Pekec Aleksandar) "Sequential Vs. Single-Round Uniform-Price Auctions", Games and Economic Behavior 62, N 2 (2008) 591-609 (with Claudio Mezzetti and Pekec Aleksandar) "Sophisticated Approval Voting, Ignorance Priors, and Plurality Heuristics: A Behavioral Social Choice Analysis in a Thurstonian Framework", Psychological Review 114, N 4 (2007) 994-1014 (with Michel Regenwetter and Ho Moon-Ho R.) "Decision Making with Multiattribute Performance Targets: The Impact of Changes in Performance and Target Distributions", Operations Research 55, N 2 (2007) 226233 (with Winkler Robert)

EXTERNAL ACTIVITIESAd Hoc Reviewer: Management Science, Operations Research, Games and Economic Behavior, Journal of Economic Theory, Decision Analysis, Information Technology and Management, Social Choice and Welfare, Journal of Mathematical Psychology, Journal of Public Economics, Games and Economic Behaviour, Theory and Decision, Risk Analysis, Decision Analysis.

EDUCATION2003: PhD, Business Administration & Decision Sciences, The Fuqua School of Business, Duke University, USA 1993: MSc., Applied Mathematics and Physics (with Honours), Institute of Physics and Technology, Moscow, Russian Federation

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Claudia Zeisberger (Singapore, Germany)Affiliate Professor of Decision Sciences and Entrepreneurship and Family Enterprise Academic Co-Director, Global Private Equity Initiative (GPEI) Tel: 65 6799 5487 E-mail: claudia.zeisberger@insead.edu

TEACHINGPrivate Equity & Venture Capital, Hedge Funds, Alternative Investments, Managing Corporate Turnarounds; Risk Management (Integrated Risk Management, Market Risk, VaR & Investor Due Diligence); Conflict Management in Teams; Developing People. "Indian Wine - Ce n'est pas possible!", INSEAD Case Study, N5668 (2010) (with Narain Dhruv , Kapadia Romain and Scott Elizabeth)

AWARDS AND HONOURS2010, 2011: Deans Commendation for Excellence in MBA Teaching, INSEAD

RESEARCH AREASPrivate Equity - GP/ LP Relationships; The intricacies of Corporate Turnaround and Restructuring Situations; Financial Market Dynamics, in particular the Interplay of Volatility, Correlation & the Behaviour of Crowds; Alternative Investments, focusing on Private Equity & Hedge Funds in Asia; Trading Simulation & Game Theory; Risk Management with a Focus on Extreme Market Movements & Liquidity; Impact of Incentive Structures on Risk Taking.

EXTERNAL ACTIVITIESAdvisor to investment banks, family offices and financial regulators in Asia and other emerging markets.

SELECTED PUBLICATIONS "Private Equity Exits in China and India, INSEAD Working Paper 2011/75/DS (2011) (with Prahl Michael, Cannarsi Alessandro) "Brazilian Private Equity: Moving Centre Stage, INSEAD Working Paper 2011/74/DS (2011) (with Prahl Michael) "Demographic Forecasting Stock Market and Housing Trends in Japan and the United States Over the Past 50 Years and a Forecast for the Next 20 Years, INSEAD Working Paper 2010/90/DS (2011) (with Munro David) "Asian Private Equity - is it Delivering on its Promise?, Study, Working Paper (2010) (with Prahl Michael) "The Quest for Return", INSEAD Case Study, N5712 (2010) (with Prahl Michael) "A World of Risk and a Road Map to Understand It", INSEAD Case Study, N5714 (2010) (with Munro David) "Could Unexpected Extreme Events Put You Out of Business?", INSEAD Case Study, N5708 (2010) (with Munro David)

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Economics and Political Science

Robert U. Ayres (USA)The Novartis Chair in Management and the Environment, Emeritus Emeritus Professor of Economics and Political Science and Technology Management Tel: 33 (0)1 60 72 40 11 E-mail: robert.ayres@insead.edu

TEACHINGEnvironmental Economics; Technology and the Environment; History of Technology.

EXTERNAL ACTIVITIES2004-present: Institute Scholar, International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria. 2000-present: Visiting Professor (part-time), Chalmers Institute of Technology, Gothenburg, Sweden.

RESEARCH AREASEnvironmental Economics; Technological Change and Economic Growth; Industrial Metabolism and Industrial Ecology; Eco-Restructuring; Energy and Economic Growth .

FORMER POSITIONS2004: Insitute Scholar (part-time), International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria 2001-2003: Visiting Professor (part-time), Chalmers Institute of Technology, Gothenburg, Sweden 2000-2001: Jubilee 150th Anniversary (Visiting) Professor, Chalmers Institute of Technology, Gothenburg, Sweden 2000: Novartis (formerly Sandoz) Emeritus Professor of Environment and Management, INSEAD, France 2000-2002: Visiting Professor (part-time), Institute for Advanced Studies, UN University, Tokyo, Japan 1994-1998: Member of the International Advisory Board, Wuppertal Institut fur Klima, Energie und Umwelt, Germany 1992-2002: Adjunct Professor, Pennsylvania State University, USA 1992-2001: Professor / Director, Centre for the Management of Environmental Resources (CMER), INSEAD, France

SELECTED PUBLICATIONS Crossing the Energy Divide Wharton Press (2010) (with Ayres Edward) Energy Efficiency and Economic Growth: The Rebound Effect as a Driver in Energy Efficiency and Sustainable Consumption Herring Horace and Sorell Steve (Eds.), Palgrave Macmillan (2009) (with Warr Benjamin) The Economic Growth Engine: How Energy and Work Drive Material Prosperity, Edward Elgar (2009) (with Warr Benjamin) Sustainable Metals Management, Springer (2006) (with von Gleich Armin and Gssling Stefan) On the Reappraisal of Microeconomics: Economic Growth and Change in a Material World, Edward Elgar (2005) (with Martinas Katalin) "Accounting for Growth: The Role of Physical Work", Structural Change and Economic Dynamics 16, N 2 (2005) 181-209 (with Warr Benjamin) "Scarcity and Growth Revisited: Natural Resources and the Environment in the New Millennium" in Resources for the Future Inc , John Hopkins University Press (2005) (with Toman M. A. and Simpson R. D.) The Life Cycle of Copper, Its Co-Products and Byproducts , Kluwer Academic Publishers (2003) (with Leslie Ayres and Rde Ingrid)

EDUCATION1958: PhD, Mathematical Physics, King's College, University of London, United Kingdom 1956: MSc., Physics, University of Maryland, USA 1954: BSc., Mathematics (Physics Minor), Cum Laude, University of Chicago, USA 1952: Bachelor of Arts, Mathematics (Physics Minor) Cum Laude, University of Chicago, USA

AWARDS AND HONOURS2003: International Society for Industrial Ecology Award, First ISIE Society Prize for Outstanding Research 2002: ISEE Award: Kenneth Boulding Memorial Prize 1996: Best TFSC Paper: Foresight as a Survival Characteristic: When (If Ever) Does the Long View Pay? 1996: ISEE Best Article Award: Limits to the Growth Paradigm

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Morten Bennedsen (Denmark)The Andr and Rosalie Hoffmann Chaired Professor of Family Enterprise Professor of Economics and Political Science Academic Director, Wendel International Centre for Family Enterprise Co-Director of the Hoffmann Research Fund Tel: 33 (0)1 60 98 36 82 E-mail: morten.bennedsen@insead.edu

TEACHINGApplied Microeconomics;. Governance of Family Firms; Family Business Management; Corporate Governance; Contract Theory

AWARDS AND HONOURS2008: Danish Ministry of Science and Technology prize for excellent research 2005: Award for excellence in research and teaching, Jorck Foundation 2004: Danish EURYI Candidate 1998: Young Economists' Essay Competition Award, "Political Ownership" 1997-1999: Danish Social Science Research Council Post Doctoral Scholarship 1993-1996: Danish Social Science Research Council Scholarship

RESEARCH AREASThe Governance of Family Firms; Corporate Governance; Private Equity; Privatisation; Lobbyism and Corruption; Contract Theory

SELECTED PUBLICATIONS Arms Length Delegation of Public Services Journal of Public Economics 95, N 7-8 (2011) 543-552 (with Schultz Christian) Incentive and Entrenchment Effects in European Ownership, Journal of Banking & Finance 34, N 9 (2010) 2212-2229 (with Nielsen Kasper Meisner) "The Causal Effect of Board Size in the Performance of Small and Medium Sized Firms", Journal of Banking and Finance 32, N 6 (2008) (with Kongsted Hans Christian and Nielsen Kasper Meisner) "Inside the Family Firm: the Role of Families in Succession Decisions and Performance", Quarterly Journal of Economics 122, N 2 (2007) 647-691 (with Meisner Nielsen Kasper, Perez-Gonzalez Francisco and Wolfenzon Daniel) "Lobbying Bureaucrats", Scandinavian Journal of Economics 108, N 4 (2006) 643668 (with Feldmann Sven) "Informational Lobbying and Political Contribution", Journal of Public Economics (2006) (with Feldmann Sven) "Adaptive Contracting" Economic Theory 25, N 1 (2005) 35-50 (with Schultz Christian) "Lobbying Legislatures", Journal of Political Economy 110, N 4 (2002) 919-946 (with Feldmann Sven)

FORMER POSITIONS2002-2009: Professor in Economics, Institute of Economics, Copenhagen Business School, Denmark 1999-2002: Associate Professor in Applied Microeconomics, Institute of Economics, Copenhagen Business School, Denmark 1997-1999: Assistant Research Professor, Institute of Economics, University of Copenhagen, Denmark 1991-1992: Consultant , Ibis, Denmark 1990-1992: Assistant Economist, The Treasury of Denmark, Denmark

EDUCATION1998: PhD, Harvard Business School, USA 1993: MSc., Advanced Mathematical Economics and Econometrics with Distinction, London Business School, United Kingdom 1990: Bachelor of Arts, University of Copenhagen, Denmark

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Pushan Dutt (India)Associate Professor of Economics Area Chair, Economics and Political Science Tel: 65 6799 5498 E-mail: pushan.dutt@insead.edu

TEACHINGMicroeconomics; Economic Development; International Trade; Game Theory; Political Economy.

AWARDS AND HONOURS2011: Deans Commendation for Excellence in MBA Teaching, INSEAD 2010, 2009, 2008, 2007, 2005: Outstanding Teacher of Core Courses Award, INSEAD

RESEARCH AREASInternational Economics; Political Economy; Economic Development; Applied Microeconomics.

EXTERNAL ACTIVITIESReviewer for American Economic Review, Journal of Political Economy, International Economic Review, Journal of International Economics, Journal of Economic Growth, Journal of Development Economics, Journal of Macroeconomics, Canadian Journal of Economics.

SELECTED PUBLICATIONS "Crisis and Consumption Smoothing", Marketing Science 30, N 3 (2011) 491-512 (with Padmanabhan V. (Paddy)) "Corruption and Bilateral Trade Flows: Extortion or Evasion", Review of Economics and Statistics 92, N 4 (2010) 843-860 (with Traca Daniel) "International Trade and Unemployment: Theory and Cross-National Evidence", Journal of International Economics 78, N 1 (2009) 32-44 (with Devashish Mitra and Ranjan Priya ) "Trade Protection and Bureaucratic Corruption: An Empirical Investigation", Canadian Journal of Economics 42, N 1 (2009) 155-183 "Inequality and Instability of Polity and Policy ", Economic Journal 118, N 531 (2008) (with Devashish Mitra) "Labor versus Capital in Trade Policy: The Role of Ideology and Inequality", Journal of International Economics 69, N 2 (2006) 310-320 (with Devashish Mitra) "Political Ideology and Endogenous Trade Policy: An Empirical Investigation", Review of Economics and Statistics 87, N 1 (2005) 5972 (with Devashish Mitra) "Endogenous Trade Policy through Majority Voting: An Empirical Investigation", Journal of International Economics (2002) (with Devashish Mitra)

FORMER POSITIONS2004-2005: Visiting Faculty, INSEAD, Singapore 2000-2004: Assistant Professor, Unviersity of Alberta, Canada 1998-2000: Writer, Oxford University Press, United Kingdom 1997: Researcher, The World Bank, USA 1994-1995: Ford Foundation Fellow, School of International Studies, Jawaharlal Nehru University, India 1994: Lecturer, Hindu College, Delhi University, India

EDUCATION2000: PhD, Economics, New York University, USA 1994: Master of Arts, Economics, Delhi School of Economics, University of Delhi, India 1992: BSc., Economics, Presidency College, Calcutta University, India

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Antonio Fatas (Spain)The Portuguese Council Chaired Professor of European Studies Professor of Economics Tel: 33 (0)1 60 98 30 34 E-mail: antonio.fatas@insead.edu

TEACHINGMacroeconomics; Growth; Exchange Rates; Business Cycles.

EXTERNAL ACTIVITIESResearch Fellow, CEPR, London. Senior Research Fellow, Center for Business and Public Policy, McDonough School of Business, Georgetown University, United States.

RESEARCH AREASMacroeconomics; Fiscal Policy; Economic Growth; Business Cycles.

FORMER POSITIONS2008-2009: Visiting Scholar, IMF, USA 1987-1989: Instructor, Universidad de Valencia, Spain

SELECTED PUBLICATIONS "The Euro and Fiscal Policy", Europe and the Euro, University of Chicago Press (2010) 287-326 (with Mihov Ilian) "Another Challenge to China's Growth", Harvard Business Review (2009) (with Mihov Ilian) "The Stabilizing Role of Government Size", Journal of Economic Dynamics and Control 32, N 2 (2008) 571-593 (with Andres Javier and Domenech Rafael) "Quantitative Goals for Monetary Policy", Journal of Money, Credit and Banking 39, N 5 (2007) 1163-1176 (with Mihov Ilian and Rose Andrew) "The Macroeconomic Effects of Fiscal Rules in the US States", Journal of Public Economics 90, N 1-2 (2006) 101-117 (with Mihov Ilian) "Fiscal Policy and EMU: Challenges of the Early Years" in EMU and Economic Policy in Europe: The Challenge of the Early Years, Edward Elgar (2003) (with Mihov Ilian) "The Case for Restricting Fiscal Policy Discretion", Quarterly Journal of Economics 118, N 4 (2003) 1419-1447 (with Mihov Ilian) "On Constraining Fiscal Policy Discretion in the EMU", Oxford Review of Economic Policy 19, N 1 (2003) 112-131 (with Mihov Ilian)

EDUCATION1993: PhD, Economics, Harvard University, USA 1991: Master of Arts, Economics, Harvard University, USA 1989: MSc., Suficiencia Investigadora, Economics, Universidad de Valencia, Spain 1987: BSc., Licenciado, Economics, Universidad de Valencia, Spain

AWARDS AND HONOURS2011: Deans Commendation for Excellence in MBA Teaching, INSEAD 1998, 2003, 2008: Nomination: Outstanding Teacher Award INSEAD MBA Programme

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H. Landis Gabel (USA)The Novartis Chair in Management and the Environment, Emeritus Emeritus Professor of Economics and Management Tel: 33 (0)1 60 98 30 36 E-mail: landis.gabel@insead.edu

TEACHINGMicroeconomics; International Trade and Public Policy; Management of Environmental Resources. annual conference; 1994, 1996, and 1997: Programme Committee member for the fifth, seventh, and eighth annual conferences. European Association for Research in Industrial Economics, 1984-1985 and 1990-1994: Member of the Executive Committee. European Association for Research in Industrial Economics, 1984: Chairman of the Program Committee and organiser of the 11th Annual Conference. 1985: Member of the Programme Committee of the 12th Annual Conference.

RESEARCH AREASApplied Microeconomics and Public Policy; Environmental and Resource Economics; International Trade.

SELECTED PUBLICATIONS Principles of Environmental and Resource Economics, Edward Elgar Publishing (2000) (with Folmer Henk) Frontiers of Environmental Economics, Edward Elgar (2000) (with Rose Adam, Folmer Henk and Gerking Shelby) "Environmental Auditing in Management Systems and Public Policy", Journal of Environmental Economics and Management 33, N 3 (1997) (with Sinclair-Desgagn Bernard) "Optimizing Environmental Product Life Cycles: A Case Study of the European Pulp and Paper Sector", Environmental and Resource Economics 9, N 2 (1997) 199-224 (with Bloemhof-Ruwaard Jaqueline, Weaver Paul and Van Wassenhove Luk) European Casebook on Trade and Industrial Policy, Prentice Hall (1995) (with Cadot Olivier, Story Jonathan and Webber Douglas) "Managerial Incentives and Environmental Compliance", Journal of Environmental Economics and Management 24, N 3 (1993) (with SinclairDesgagn Bernard) Competitive Strategies for Product Standards McGraw-Hill (1991) Product Standardization and Competitive Strategy, North Holland (1987)

FORMER POSITIONS2001-2006: Dean of Faculty, INSEAD, France 2001-2006: Deputy Dean, INSEAD, France 1998-2001: Dean of MBA, INSEAD, France 1995-1998: Associate Dean of Research & Development, INSEAD, France 1989-1995: Co-Director, Centre for the Management of Environmental Resources (CMER), INSEAD, France 1988-1995: Coordinator, Economics and Political Science Area, INSEAD, France 1985-1988: Coordinator, Strategy and Environment Area, INSEAD, France 1982-1991: Associate Professor of Economics and Management, INSEAD 2001-2008: Novartis Chaired Professor of Economics and Management, INSEAD 1976-1982: Associate Professor of Business Economics, Colgate Darden Graduate School of Business Administration, University of Virginia, USA

EDUCATION1977: PhD, Economics, University of Pennsylvania, USA 1975: Master of Arts, Economics, University of Pennsylvania, USA 1973: MSc., Economics, The London School of Economics and Political Science, United Kingdom 1967: MBA, University of Pennsylvania, USA 1965: BSc., Mechanical Engineering, University of Pennsylvania, USA

AWARDS AND HONOURS1993-1994: Winner of the ecch European Case of the Year Award 1988, 1990, 1994: Teaching Award, INSEAD

EXTERNAL ACTIVITIESMember: EFMD MBA Directors' Steering Committee. Board of Directors and Executive Committee of the ecch. Series Editor for a case/text book series: "The Global Management Series", published by McGrawHill, 1999. European Association of Environmental and Resource Economists, 1993: Co-chairman of the Programme Committee and organiser of the fourth

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Ethan Kapstein (USA)The INSEAD Chaired Professor in Political Economy Professor of Economics and Political Science Tel: 33 (0)1 60 98 30 55 E-mail: ethan.kapstein@insead.edu

TEACHINGInternational Political Analysis; Economic Development.

EDUCATION1986: PhD, International Economics / Political Economy, Fletcher School of Law and Diplomacy, Tufts University, USA

RESEARCH AREASInternational Economic Relations; Economic Development; Social Policy; BusinessGovernment Relations.

SELECTED PUBLICATIONS "Architects of Stability: International Cooperation among Financial Supervisors", Past and Future of Central Bank Cooperation (Studies in Macroeconomic History), Cambridge University Press (2008) 113-152 "Fairness Considerations in World Politics: Lessons from International Trade Negotiations", Political Science Quarterly 123, N 2 (2008) The Political Economy of Young Democracies, Cambridge University Press (2008) (with Converse Nathan) Economic Justice in an Unfair World: Toward a Level Playing Field Princeton University Press (2006) The New Slave Trade, Foreign Affairs (Nov./Dec. 2006) Avoiding Unrest in a Volatile Environment, Financial Times (2006) When Markets Fail: Social Policy in Emerging Market Economies Russel Sage Foundation (2002) (with Branko Milanovic)

EXTERNAL ACTIVITIESMember, Council on Foreign Relations. Member, International Institute for Strategic Studies.

FORMER POSITIONS1995-1996: Vice President, Council on Foreign Relations 1994-1995: Principal Administrator, OECD

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Claude Michaud (France)Emeritus Professor of Economics Tel: 33 (0) 1 64 69 43 88 E-mail: claude.michaud@insead.edu

RESEARCH AREASEconomics; Development and Growth.

EDUCATIONDiplme d'Habilitation Diriger des Recherches, Universit de Bordeaux II, France PhD, Business Administration, Universit de Bordeaux II, France Master's Degree, Economic Sciences (DES, Sciences Economiques), Universit de Paris, France Bachelors Degree in Law, Economic Sciences, Licence de Droit, Universit de Paris, France

SELECTED PUBLICATIONS Making Strategy and Organization Compatible, Palgrave (2003) (with Thoenig Jean-Claude) Potentialits de changements et de dveloppement conomique des territoires (1994) "Executive Education in Business Schools : Toward a New Paradigm", CEDEP Selected Papers (1993) (with Hogarth Robin) "The Detection of Development and Change Potential in a Regional Economy and Policy The Case of Sicily", CE. RI. S. DI. (1992) (with Thoenig Jean-Claude) "Longevity of Business Firms: A Four-stage Framework for Analysis", INSEAD Working Paper (1991) (with Doz Yves, Hogarth Robin, Van der Heyden Ludo) "Thorie et pratique de la rglementatio