Babson Professor Michael Goldstein Awarded NSF Grant to Study Seasonality, Arctic Economics, and Mining Exploration
Babson College Finance Professor Michael Goldstein http://faculty.babson.edu/goldstein/ has been awarded a National Science Foundation (NSF) grant to conduct a research project entitled, “Collaborative Research: Diamonds and Oil from the Tundra: A System Study on the Impact of Changing Seasons on Mining and Oil Exploration.” The research will focus on how changes in seasonality affect economic activity in and near the Arctic Circle through alterations in transportation.
The project will be conducted in collaboration with Dr. Matthew Sturm and Thomas Douglas, both of Department of Army Cold Regions Research and Engineering Laboratory in Ft. Wainwright, Alaska, and Dr. Henry Huntington of Huntington Consulting in Eagle River, Alaska. The Grant will also fund an opportunity for Babson students to travel to Yellowknife, Northwest Territories, Canada near the Arctic Circle to participate in the collection and analysis of the research data. A particular area of interest and research will be the ice roads that help supply mines and other areas north of Yellowknife. Some of these ice roads were featured on Season One of “Ice Road Truckers” on The History Channel.
Additionally, a course on “Arctic Economics: Environment and Seasonality” will be developed and offered to Babson, Olin College of Engineering, and Wellesley College students as part of the recently announced three-college agreement to explore an expanded partnership among the three institutions.
“Dr. Goldstein’s research initiative is a clear example of Babson’s commitment to bringing Entrepreneurial thought and action to the world,” says Babson President Leonard A. Schlesinger, “The entire Babson Community congratulates Dr. Goldstein on this most prestigious honor, and on taking another big step in teaching our student entrepreneurs to address global business, environmental, and social issues.”
About Dr. Goldstein
MICHAEL A. GOLDSTEIN, Ph.D.
Professor of Finance, Natalie Taylor Senior Term Chair, Babson College
Michael A. Goldstein is a Professor of Finance at Babson College, where he holds the Natalie Taylor Senior Term Chair. He received a Faculty Scholarship Award for achievement in scholarly research, and currently serves as Chair of the Faculty Senate, which represents Babson’s faculty. Previously, he held the Joseph Winn Term Chair at Babson from 2000 to 2005. He is also an Honorary Professor at The Queen’s University of Belfast (UK) and was a Visiting Professor at Trinity College (Ireland) in 2009. He has also taught at Boston College and at the University of Colorado at Boulder, where he received the Proctor & Gamble Teaching Excellence Award. Dr. Goldstein received a B.S., an M.B.A., an M.A., and a Ph.D. in Finance from the Wharton School at the University of Pennsylvania.
Dr. Goldstein currently serves on the Financial Industry Regulatory Authority (FINRA) Economic Advisory Board and on the Advisory Board of the Issuer Advisory Group. He previously served on the Nasdaq Economic Advisory Board from 2003 to 2005, and was elected Chair for 2005 From August 1997 to July 1998, Dr. Goldstein was the Visiting Economist at the New York Stock Exchange, the eighth academic to hold this one-year post, and has served as a member of a SEC roundtable. Prior to that, he advised the Deputy Prime Minister of Poland on Poland’s privatization program. He also worked as an Investment Banker with Merrill Lynch Capital Markets in their Financial Institutions and Japan Banking groups. He also served in an advisory role to the senior leadership of a Fortune 100 company, and has advised or served on the boards of a variety of small start-ups. He has served as an expert witness in a number multi-billion dollar cases and as a consultant to large multinational, financial services, and trading firms. He has taught in Executive Education programs to major multinational corporations, including Novartis, MetLife, EMC, and Johnson and Johnson, as well as programs for the BioPharma and IT communities.
Dr. Goldstein’s research specialty is examining the structure of markets. He also does work in real estate, dividend policy, asset pricing, and privatization. He has presented his work at numerous conferences worldwide and has thrice won the “Best Paper in Market Microstructure” at one of the major national conferences. His papers have been published in major finance academic journals, including The Journal of Finance, The Journal of Financial Economics, The Review of Financial Studies, The Journal of Financial Markets, The Financial Review and Real Estate Economics. He is currently an Associate Editor for The Financial Review. He is a Principal Investigator on a $400,000 National Science Foundation grant.
Many national and international media groups have interviewed Dr. Goldstein. His television appearances include appearances on “The News Hour with Jim Leher” on PBS, CNN, CNNfn, the British Broadcasting Company, and local ABC, NBC, and Fox affiliates. He has been interviewed extensively by print media including The Wall Street Journal, The New York Times, The Washington Post, U.S. News and World Report, Dow Jones News Wire, Asashi Shinbam (Tokyo, Japan), The Boston Globe, The Dallas Morning News, and The Denver Post, and numerous other national and local print media. Radio appearances include National Public Radio. His biography has been featured in Marquis' Who's Who in America.
About NSF
The National Science Foundation (NSF) http://www.nsf.gov/ is an independent federal agency created by Congress in 1950 "to promote the progress of science; to advance the national health, prosperity, and welfare; to secure the national defense…" With an annual budget of about $6.06 billion, we are the funding source for approximately 20 percent of all federally supported basic research conducted by America's colleges and universities. In many fields such as mathematics, computer science and the social sciences, NSF is the major source of federal backing.
