It’s noteworthy that the Carey full-time faculty has grown sevenfold in a decade. Equally, if not more, impressive are the world-class qualifications of the new faculty members, along with their commitment as researchers to creating new knowledge and as classroom instructors to educating the next generation of business leaders.
When Emilia Simeonova joined the Carey School faculty in 2013 from Tufts University, she joined a wave of new hires. In the past four years, Carey has brought on 58 full-time faculty members – an increase of almost 200 percent.
A native of Bulgaria, Simeonova (right) says joining Carey has propelled her toward bolder, more ambitious research. In an environment of energy and newness, she says she’s more willing to bypass sure but predictable projects in favor of riskier ones that might have a larger impact.
“There’s a lot to be said about how people not only like to work with each other but spend time with each other and help each other out,” she says. “There’s a lot of flexibility here, and generally because it’s a young place, there’s an atmosphere of ‘can do’ and ‘let’s go get it,’ and ‘let’s do it,’ which is very rare.”
Simeonova is never happier than when venturing into uncharted waters, and the field of health economics, which generally stands in the shadows of other economics specialties, exerts a strong pull on her researcher’s heart. The connection between poverty and ill health particularly intrigues her: Are people of limited means more likely to be unhealthy because they’re poor, or are they poor because they’re unhealthy?
“There’s a lot of flexibility here, and generally because it’s a young place, there’s an atmosphere of ‘can do.’”
— Emilia Simeonova
It’s a question with relatively few answers, and Simeonova is pushing to fill in the gaps. What she’s finding is a very strong link between family economic well-being and children’s physical and mental health.
In one paper, Simeonova and colleagues explored how an infusion of cash into a family’s income stream – in this case, profit-sharing from a casino on Native American land – improved measures of emotional and behavioral health among the children. The researchers traced the positive effects to reduced parental stress and improved parent-child relationships.
“That suggests that money issues are a real drag on family well-being, including on how well the kids are behaving and whether they have issues with behavior and emotional stability,” says Simeonova, an assistant professor with a joint appointment in the economics department of the Krieger School of Arts and Sciences. “This is the first paper that really shows this.”
Another study found that adopted kids’ longevity was strongly influenced by their biological mothers’ longevity, but also by their adoptive mothers’ level of education: Each extra year of schooling for the mother translated to three extra years of life for the adopted child.
“It speaks strongly in favor of a socioeconomic determinant of long-term health. We’re pretty confident it’s a very interesting finding that a lot of people would like to know about,” Simeonova says.
Results such as these can be used to point policymakers toward systemic change. For example, investments in better neighborhood safety measures might catalyze a chain reaction: When new businesses move in, parents have better access to jobs, so families have more income, and kids’ health improves. “Ideally, you’d have everything working better because there’s more business development,” she says.
Emphasis On Four Business Domains
In his first major public speech as dean four years ago, Bernard T. Ferrari unveiled his plans for a new structure of academic disciplines at Carey. In both its research and classroom work, he said, the faculty would place emphasis on four business domains deemed of the highest importance to the future economy: financial enterprises, health care management, enterprise risk management, and real estate and infrastructure.
“From each of these areas,” the dean said, “we have seen examples of business decisions that led to an exorbitant cost in economic and social terms within our own country and around the globe. … As these problems grow more international in scope, they become more complex and more difficult to address. We cannot pretend that the giant moats bordering our country east and west can isolate us. These are the problems that will be of special interest to the Johns Hopkins Carey Business School. They will be the focus of our research and educational efforts.”
Endowed Faculty Positions
Over the past year, the Carey Business School has announced its first endowed faculty positions:
Ko Wang, the R. Clayton Emory Chair in Real Estate and Infrastructure
Phillip Phan, the Alonzo and Virginia Decker Professor of Strategy and Entrepreneurship
Changing Business, a magazine about the research of Carey faculty members, made its debut in spring 2014. Published twice a year (the sixth and latest issue appearing in September 2016), it has included to date 34 feature articles on Carey research projects and more than 200 briefs on other studies, conference appearances, and honors of Carey researchers.
Bloomberg Distinguished Professors
Carey has two Bloomberg Distinguished Professors:
Kathleen Sutcliffe, management and organization expert, with appointments to Carey and the School of Medicine
Paul Ferraro, economist, with appointments to Carey, the Whiting School of Engineering, and the Bloomberg School of Public Health
The professorships were introduced in 2014 and made possible by a $350 million gift from JHU alumnus and former New York City mayor Michael Bloomberg. Their aim is to promote interdisciplinary scholarship across Johns Hopkins University.
A total of 50 Bloomberg professors are to be appointed at JHU by mid-2018.
As the size of Carey’s full-time faculty has grown, so has its members’ involvement as organizers and hosts of major conferences attended by academicians from around the United States and the world. A few examples of events held in recent years at the Harbor East campus:
In 2012, a daylong event titled “Making a Quantum Leap in Technology Transfer” attracted about 60 researchers and tech transfer officials from universities across the United States. It explored opportunities for accelerating tech transfer at universities that have not traditionally focused on such activity.
The 37th annual INFORMS Marketing Science Conference, a prestigious four-day event that draws marketing experts from around the world, took place in 2015 and included presentations spanning the field of marketing science.
And last June, Carey professors served as organizers and program committee members of a conference titled “The Role of Derivatives in Asset Pricing.” The event brought together leading researchers to discuss theoretical and empirical developments in the use of derivatives in asset pricing.