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Accountancy Professor Mahendra Gujarathi and Economics Professor David Gulley will serve as Bentley Gibbons Research Professors

April 19, 2001

Waltham, Mass.- Vice President for Academic Affairs H. Lee Schlorff announced today that Mahendra Gujarathi of the Accountancy Department and David Gulley of the Economics Department will serve as Bentley College's next Gibbons Research Professors. Each has been appointed to a three-year term that will begin on July 1. Individuals appointed as Gibbons Professors demonstrate a record of excellence in teaching and scholarship in the area of finance, broadly defined. While serving in the position, they must engage in scholarship or combine scholarship with curriculum development.

During his 11 years at Bentley, Mahendra Gujarathi has contributed to the design and delivery of a number of new accounting courses, including a cutting-edge graduate offering in the M.S. in Global Financial Analysis program. His extensive scholarship includes two monographs, 20 articles in academic and professional journals, and numerous conference proceedings and book chapters. While serving as a Gibbons Professor, Gujarathi plans to develop courses and materials for the new undergraduate accounting-finance major; honors courses in the accounting major; a new graduate course in financial reporting; as well as analysis in the financial services industry.

"This professorship will allow me to complete a number of projects already in progress as well as conduct research in a number of new areas," says Gujarathi. "I'm interested in what we can learn from other countries' differential financial reporting, and how we can effectively implement effective service-learning at the intermediate accounting level." Among the new areas Gujarathi will explore is contemporary financial reporting for dot.coms. He also hopes to develop a short user-oriented text on intermediate accounting.

David Gulley joined the Bentley faculty a decade ago and also has engaged in significant scholarly work. As a Gibbons Professor, he'll undertake six projects, primarily on links between the real and financial economies. Two of these, an empirical analysis of money demand and nominal debt, and a test of forecasting volatility over different forecasting horizons, are projects in progress that Gulley expects will yield published papers. The remaining four are entirely new. Two concern the Federal Reserve Bank: one will evaluate the notion of the much discussed "wealth effect," while another will examine how the Fed runs monetary policy. A particular type of Treasury bond called Treasury Inflation Protected Securities (TIPS) will be the focus of Gulley's remaining two projects.

"The Gibbons Professorship will give me time and resources to pursue research interests that I put on the back burner," explains Gulley. "Over the last several years, a number of ideas have occurred to me, but I haven't had time to work on them because I've been heavily involved in developing the Information Age MBA (IAMBA) program. It's been rewarding, but I'm looking forward to devoting time to research- examining the impact of government policy on financial markets." Gulley anticipates using most of the stipend to fund travel, data gathering and equipment.

BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit

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