Haile Foundation: 51��, Greater Cincinnati Region

A Special Thank You to the Maloney Family

The Haile College of Business thanks Tim and Leslie Maloney for their commitment to our college. Together Tim and Leslie served as the President and Senior Vice President of the Carol Ann and Ralph V. Haile Jr. Foundation for the past fifteen years before retiring on March 31, 2022. Without their generosity, our college would not be what it is today.

We look forward to continuing our relationship with the Carol Ann and Ralph V. Haile Jr. Foundation with newly appointed President & CEO, Bernie McKay. Bernie is a lifelong resident of our region who is a committed philanthropist and leader of the nonprofit community.

History

In 2008, the then Carol Ann and Ralph V. Haile, Jr. / US Bank Foundation gifted 51�� College of Business with a $15 million endowment. This was the largest gift in the 40-year history of 51��, and matched the largest single-source gift to a public university in the history of Kentucky. The gift established endowed chairs for faculty and support for faculty recruitment, retention, and development, as well as providing scholarships for business students. The college was named The Carol Ann and Ralph V. Haile, Jr./US Bank Foundation College of Business to reflect this generosity.

In 2021, the college rebranded as simply the Haile College of Business to follow suit with the Carol Ann and Ralph V. Haile Jr. Foundation having shortened its name by dropping the “U.S. Bank” from its name. The decision was made to avoid confusion and to clarify the two brands.

Impact

The Carol Ann and Ralph V. Haile, Jr. Foundation's gift to the College of Business continues to provide sustainable revenue for:

➤ The continuation and growth of innovative programs

➤ The development of new and relevant educational support activities

➤ Fostering and encouraging faculty/student research

➤ The professional development of faculty/staff

➤ Brand awareness for the college

A great example of a funded innovative program, is the Haile Student Investment Fund. The fund was established in 2011 with a $500,000 gift from the Carol Ann and Ralph V. Haile, Jr. Foundation and has since topped $1 million, earning a Five-Star rating from MorningStar, the prestigious investment research and rating firm. The fund is managed as part of FIN 450, Advanced Investment Analysis, a selective undergraduate course that allows students to manage live investment portfolios in preparation for entering the job market, gaining valuable hands-on experience in security research, valuation of risky assets and portfolio management.

Featured Funded Research

Name: Dr. Boshra Karimi
Title: Assistant Professor, Construction Management
Funded Reserach: COVID-19 Effects on Engineering Technology and Construction Management Students

Two surveys were conducted to evaluate how engineering technology and construction management students have been impacted by the outbreak at 51��. The intended outcome of the research is to prepare a better plan to mitigate the effects of the pandemic on students’ educational experience and performance. This study measured different aspects of college students’ demands such as satisfaction with their classes, connectedness to the university, learning requirements, and technology resources. Furthermore, a Chi-Square test was deployed to compare these impacts on students in terms of gender and personality. The findings of these surveys demonstrate that the pandemic had a greater mental impact on female students, however introverted and extroverted students expressed similar experiences. In addition, this research shows that all academic levels have been impacted by the pandemic to some extent.

Name: Dr. Joe Cobbs
Title: Professor, Sports Business & Event Management
Funded Reserach: Investigating the ingredients and outcomes of rivalry via the Know Rivalry Project

The mission of the is to facilitate sustainable collaboration in the research production, discernment, and dissemination of knowledge about rivalry. Intergroup relations have profound psychological, cultural and commerce effects on society. To realize the potential of these effects for the common good, we must better understand the various antecedents and consequences of rivalries. Through an ongoing series of studies, faculty and students investigate how sport fans react to the rivals of their favorite teams. The KR Project has active surveys across 50 sport leagues on six continents, and past results have been published in numerous academic journals and featured in the
New York Times, Wall Street Journal, and over 50 other news outlets.

Name: Dr. Anh Dang
Title: Assistant Professor, Marketing
Funded Reserach: Valuation Effect of Emotionality in Corporate Philanthropy

Despite receiving a great deal of research attention, the effect of corporate philanthropy on shareholder value remains inconclusive. To address this issue, emotionality was examined as an important factor based on which investors infer about a firm’s motive as well as the beneficiary’s worthiness and react accordingly. Consistent with attribution theory, this study showed that announcements with more emotional expressions were associated with higher cumulative abnormal stock returns and that the effect is stronger when investor attention is greater. It was further found that the positive interaction effect between emotionality and investor attention is more pronounced for scandal-free firms than for firms with corporate social irresponsibility (CSI). The empirical evidence remains consistent under various robustness tests.

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