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Networks Financial Institute
Ethics Bowl 2016 - What Would You Do?
Ethics concerns everyone, and here’s something for all Indiana State students to participate in. The event takes place on November 10, but please registers by November 3 by emailing Alison Cook at acook32@Scycamores.indstate.edu. For more details see the Ethics Conference webpages.
Students Meet with Retired Linebacker Gary Brackett MBA
October 19, 2016
Madeline Sherbondy, Meagan Stenger, Nate Jones, and Evan Rogers pictured with Gary Brackett and Indiana State professor William Warfel. Brackett was keynote speaker at today's Central Indiana CPCU Society Chapter meeting at the Ritz Charles in Carmel, Indiana.
Gary Brackett is a former American Football Linebacker in the National Football league (NFL). He played with the Indianapolis Colts from 2003-2011. He was the Defensive Team Captain, Superbowl Champion (XLI) and 2x AFC Champion (2006, 2009). He played college football at Rutgers University. In 2009, Brackett was the 11th annual recipient of the Arthur S. Arkush Humanitarian Award, presented to the NFL Player “whose contributions to the community and charitable organizations are especially outstanding.” He won the award for this work with the IMPACT Foundation, a charity he founded in the spring of 2007.
In 2011, Brackett published Winning: From Walk-On to Captain, in Football and Life, a memoir about his life, including his accomplishments and struggles with family, college and the NFL. Brackett earned a Masters of Business Administration degree from George Washington University after retirement. He owns and operates Brackett Restaurant Group in Indianapolis. He started in the restaurant business as a partner of two Stacked Pickle locations. Brackett then opened Georgia Reese’s Southern Table & Bar. In November 2014, he purchased all the Stacked Pickles and has since opened three more. Brackett was nominated by the Indianapolis Business Journal as one of “Indy’s 40 Under 40” in 2016.
Madeline Sherbondy, Meagan Stenger, Nate Jones, and Evan Rogers pictured with Gary Brackett and Indiana State professor William Warfel
Todd Wilkowski, Attorney at Law at Frost Brown Todd LLC talked about Crisis Management, sharing lessons learned from project incidents he was involved in as the leader of Baker’s crisis response team. Linda Ferguson, CPCU, Senior Vice President of the Technical and Educational Products Division, The Rough Notes Company, Inc. presented an interactive educational seminar exploring personal and commercial lines coverage issues. Attendees were required to work in a team to evaluate loss situations and determine if coverage is available under various commercial lines and personal lines policies.
NPDP Industry Visit to Indiana Farmers Mutual Insurance Company
October 18, 2016
New Working Paper Available
September 30, 2016
A new working paper, Friends in the Right Places: The Effect of Political Connections on Corporate Merger Activity, co-authored by our Director of Research, Reza Houston, Stephen P. Ferris and David Javakhadze is now available for download from our website. The paper was originally delivered to the 2016 Insurance Reform Summit in Washington D.C. and published by Elsevier B.V.
The paper examines how the appointment of former politicians and regulators to boards of directors or management teams influences corporate acquisition activity and performance. It found that bidders with political connections are more likely to acquire targets and avoid regulatory delay or denial. The merger premium paid increases with political connectedness. The announcement period returns show that investors recognize that bids by politically connected acquirers are more likely to create firm value. Connected bidders make more bids and bid on larger targets. Connected acquirers also enjoy superior post-merger financial and operating performance.
All Networks Financial Institute's Policy Briefs, Working Papers and Reports are available through the Research Papers in Economics (RePEc) and Social Science Research Network (SSRN) services as well as our own pages.