J. Christopher Westland

I am currently Professor in the Department of Information & Decision Sciences at the University of Illinois – Chicago. I have a BA in Statistics and an MBA in Accounting from Indiana University and received my PhD in Computers and Information Systems from the University of Michigan. I have professional experience in the US as a certified public accountant and as a consultant in technology law in the US, Europe, Latin America and Asia.  I am the author of numerous academic papers and of seven books:  Global Electronic Commerce (MIT Press 2000); Global Innovation Management (Palgrave Macmillan 2nd ed 2017); Red Wired: China’s Internet Revolution (Marshall Cavendish, 2010); Structural Equation Modeling (Springer 2015);Financial Dynamics (Wiley 2003); Valuing Technology (Wiley 2002) and Statistical Auditing with R (forthcoming 2018).   I am the Editor-in-Chief of Electronic Commerce Research (Springer) and have served on editorial boards of several other information technology journals including Management Science, ISR, ECRA, IJEC, and others. I have served on the faculties at the University of Michigan, University of Southern California, Hong Kong University of Science and Technology, Tsinghua University, University of Science and Technology of China, Harbin Institute of Technology and other academic institutions. In 2012 I received High-Level Foreign Expert status in China under the 1000-Talents Plan and am currently Overseas Chair Professor at Beihang University. I have advised on patent, valuation and technology strategy for numerous technology firms.

Contact:

James Christopher “Chris” Westland, PhD, CPA
Professor , Department of Information & Decision Sciences
Room 2400, University Hall, University of Illinois – Chicago
601 S. Morgan Street, Chicago, IL 60607-7124
Mobile: (312) 860-0587 email: westland@uic.edu

Teaching

New Course on Software Coding for Cryptocurrencies

There are more than 1300 cryptocurrencies listed in the CoinMarketCap database, with new types arriving continually through Internet Coin Offerings.  Blockchain technology is the enabler of Bitcoin and of many other currencies, though not all.  This course will teach you to write software to code your own blockchain and fully understand how it works, its limitations and potential improvements to the technology originally described in Satoshi Nakamoto’s Bitcoin Manifesto (https://bitcoin.org/bitcoin.pdf ).  You will additionally learn cryptocurrency market analysis using transaction data available on services such as Yahoo Finance and Bitstamp; create visualizations of the daily Bitcoin exchange rate using data sourced from localBTC and the Quandl APIs; and analyze real-time cryptocurrency prices, trades, volumes, mining profitability, Ripple TXP settlements and more using CryptoCompare’s API.  “If you can code it, you certainly understand it”!

Innovation Strategy & Technology Entrepreneurship (IDS 518 / MGMT 518)

Entrepreneurship, innovation and new venture management have become the major drivers of wealth and economic growth in the 21st century.  Innovation – both the word, and its practice – have grown pervasive throughout industry, with the business press devoting cover stories and page after page of prose to the latest innovations destined to change our lives and enrich their inventors. CEOs, in speech after speech, invoke the mantra of innovation to justify their strategy.   New courses in marketing, strategy, finance and other functional areas in business schools have emerged that are devoted to explaining the role of innovation.   This course provides the student with a survey and case studies of successful innovations, their components, strategies and financial structure.   The course combines entrepreneurial, strategic, marketing, legal, societal and financial themes in support of innovative businesses and products.   Students who intend to start up their own businesses and those planning on extending the product lines of established firms will benefit from the material in this class. The course addresses the design of effective strategies given particular technological capabilities and competitive markets; and provides tools for the financial analysis that are essential for obtaining venture capital.

Audit Analytics (IDS 523)

Information technology plays a pivotal role in financial control and audit: most if not all financial data is now digitally recorded, and dispersed among servers, clouds and networks of computers over which the audited firm has no control.  Additionally, firm data – particularly in finance, software, insurance and biotech firms – comprises most of the audited value of the firm.   Financial audits are critical mechanisms ensuring the integrity of information systems and the reporting of organizational finances.  They help avoid the abuses that led to passage of legislation such as the Foreign Corrupt Practices Act, and the Sarbanes-Oxley Act.  Unfortunately, audit effectiveness has rapidly declined over the past two decades as auditor skillsets have failed to keep up with advances in information technology.  Information and communications technology lie at the core of commerce today, and are integrated in business processes around the world.  This course is designed to meet the increasing need of audit professionals to understand information technology and the controls required to manage it.  This course is designed to meet the increasing need of audit professionals to understand information technology in a world where paper as either an archive or display medium has ceased to exist.

Electronic Markets (IDS542 / MGMT 582)

The competitive landscape in e-business has changed dramatically over the past decade.  New technologies and marketing channels have pushed competition into realms that are both incredibly complex, and incredibly profitable – more than any time in the past.  Rates of return on successful Internet startups average over 50%, compared to those of traditional business that average in the range of 15%.  Improved profits come with elevated risk – business and technological – that confront investors and managers with new challenges.  Even when Internet marketing is successful, it may be difficult to figure out exactly why.   This course provides the student with a survey and case studies of successful Internet marketing models, their components, strategies and financial structure.  Students who intend to develop their own Internet businesses and those planning on extending the Internet marketing of established firms will benefit from the material in this class.  The course addresses the design of effective strategies given particular technological capabilities and competitive markets; and provides tools for the financial analysis that are essential for obtaining venture capital.

 

Vita

Christopher Westland, PhD CPA

Professor, Department of Information & Decision Sciences
University of Illinois, 601 S. Morgan Street, Chicago, IL 60607-7124

US: +1.312.860.0587         EM: westland@uic.edu          URL: http://uic.edu/~westland

Education

1987 Ph.D. Computers & Information Systems University of Michigan

Dissertation: “Semantic Networks: A Stochastic Model of their Performance in Information Retrieval”;  Chair: Manfred Kochen

1973 MBA Accounting Indiana University
1971 BA Mathematics (Physics & Chemistry minors) Indiana University
Languages: English, Mandarin Chinese

 

Professional

Books and Software

  1. Statistical Auditing with R, forthcoming 2018
  2. Global Innovation Management: A Strategic Approach London:  Palgrave / Macmillan 2nd Edition 2017; Companion Websites at http://www.palgrave.com/business/westland/, Simplified Chinese translation by Chinese University of Science & Technology Press, Hefei, Anhui, China.
  3. Structural Equation Modeling: From Paths to Networks, New York: Springer, 2015
  4. Red Wired: China’s Internet Revolution, London: Cyan (Marshall Cavendish), 2010 (with S. So); Kindle edition, 2012
  5. Financial Auditing with Information Technology, Creder Press, ISBN-13: 978-1490448732;ISBN-10: 149044873X; January 2014
  6. Global Innovation Management: A Strategic Approach London:  Palgrave / Macmillan 2nd Edition 2017; Companion Websites at http://www.palgrave.com/business/westland/, Simplified Chinese translation by Chinese University of Science & Technology Press, Hefei, Anhui, China.
  7. Financial Dynamics: A System for Valuing Technology Companies, New York: John Wiley & Sons, June 2003 with Financial Dynamics software (versions 1 and 2)
  8. Valuing Technology: The New Science of Wealth in the Knowledge Economy, New York: John Wiley & Sons, 2002
  9. Global Electronic Commerce: Theory and Case Studies (with Ted Clark) MIT Press, 2000, additional printings 2001-2; Chinese (simplified) from Fudan U. Press Shanghai August 2000; Chinese (full stroke) from Best Wise: Taipai, August 2000; republished by Universities Press (India) Limited for distribution in India, Bangladesh, Bhutan, Nepal, Sri Lanka, the Maldives, and Pakistan, paperback English, 2008
  10. Information Technology Risk: A Guide for Accountants and Auditors, Hong Kong Society of Accountants monograph (HKICPA)

Expertise

Electronic commerce and e-Markets, Innovation strategy, Technology and Innovation Management, Patent Strategy and Law, Technological Competitiveness of Nations, Business Intelligence, Valuation of technology assets and intangibles, Technology Risk Modeling and Valuation, Actuarial Models for Financial Analysis and Internal Auditing; IT Auditing; Audit Sampling; Electronic Medical Records and Medical Malpractice; Social networks and their economics

Certifications and Organizations

  • Certified Public Accountant (Illinois License 065.035982)
  • Illinois CPA Society, Audit & Assurance Services Committee
  • Beta Gamma Sigma (Business Honorary Society)
  • Mensa International; American Mensa

 

Career History

2007-Present Professor, Information & Decision Sciences University of Illinois – Chicago
2012-2014 High-level Foreign Expert (千人计划) Beihang University (Project 985 University, in Key Lab for Complex Decision making)
2013-2015 Adjunct Professor University of Science and Technology of China, Hefei, P.R.China (C9 League University)
2011-2012 Adjunct Professor Key Lab of Financial Intelligence and Financial Engineering (FIFE) at SWUFE (Project 985), Chengdu, P.R.China
2007-2009 Head, IDS University of Illinois – Chicago
2000-2007 Professor, ISMT (Adjunct Professor in 2008-9) HK University of Science & Technology
2005, Spring Visiting Professor (on Sabbatical Leave from HKUST) Tsinghua University, Beijing
2002-2003 Visiting Professor (on Sabbatical Leave from HKUST) Nanyang Technological University, Singapore
1997-2002 Head, ISMT HK University of Science & Technology
1996-2000 Associate Professor with Tenure, ISMT HK University of Science & Technology
1995-1996 Visiting Scholar, ISMT (on Sabbatical Leave from University of Southern California) HK University of Science & Technology
1994-1996 Associate Professor with Tenure, IOM University of Southern California
1988-1994 Assistant Professor, IOM University of Southern California
1985-1988 Assistant Professor, Accounting Eastern Michigan University
1981-1987 PhD Student, CIS / Accounting University of Michigan
1977-1981 Database Admin & Security Manager Rockwell International, Dallas Electronic Operations
1976-1977 IS Audit Manager Republic Life, Dallas
1975-1976 Accounts Payable / Payroll Manager Federated Department Stores, Dallas
1973-1975 Auditor, IS Consultant Touche Ross, Chicago

Research

Editorial

  1. Electronic Commerce Research (Springer) Editor-in-Chief (2014-present)
  2. Electronic Commerce Research and Applications (Elsevier) co-Editor, 2006-2015
  3. Information and Management (2011) , Associate Editor
  4. Social Science Research Network: Information Systems & e-Business (2004- present) , Board
  5. International Review of Management (2004-present) , Associate Editor
  6. Management Science (1995-2002) , Associate Editor
  7. Information Systems Research (1996-2000) , Associate Editor
  8. Electronic Markets (2001-Present) , Associate Editor
  9. Telecommunications Systems (2003-Present) , Associate Editor
  10. International Journal of Online Marketing (2010 – present) , Associate Editor
  11. International Journal of Electronic Commerce (1996-Present) , Associate Editor
  12. Electronic Commerce Research Journal (2001-Present) , Associate Editor
  13. Journal of End User Computing (1995-present) , Associate Editor
  14. MIS Review (2009-Present) , Associate Editor
  15. International Journal of Internet & Enterprise Management (2003-Present) , Associate Editor
  16. International Journal of E-Entrepreneurship and Innovation (2011) , Associate Editor
  17. E-Marketing in Developed and Developing Countries: Emerging Practices
  18. Editor of Special Issue: ICEC 2011, ECRA
  19. Editor of Special Issue: e-Markets in China, ECRA
  20. Editor of Special Issue: Social Networks and Web 2.0, ECRA
  21. Research Grants Council, Hong Kong

 

Computer Languages

 

C#, Python, VB, Fortran, R, Mathematica, HTML, Javascript

 

Current Research in Progress (under review and working papers)

 

  1. Prediction of Shared Bicycle Demand with Wavelet Thresholding Authors: JC Westland, J. Mou, D. Yin; available at Arxiv http://arxiv.org/abs/1802.02683
  2. Private Information, Credit Risk and Graph Structure in Social Networks of Borrowers, (Networks and Spatial Economics Manuscript NETS-D-17-00123) (w. T. Tian and T. Phan); available at https://arxiv.org/abs/1802.10000
  3. “The Information Content of Sarbanes-Oxley in Predicting Security Breaches”, Management Science (Manuscript ID: MS-17-00363); JC Westland, available at SSRN: https://ssrn.com/abstract=3007148
/ https://arxiv.org/abs/1802.10001
  4. “Graph Analytics of Chronic Asthma and Comorbid Diseases for Prevention and Management of Costs and Treatments” with Eric See-to, Networks and Spatial Economics
  5. “When all Products are Digital: Complexity and Intangible Value in the Ecosystem of Digitizing Firms,” MIS Quarterly, (2nd round of reviews)
  6. “The Information Content of Sarbanes-Oxley in Predicting Security Breaches”, Management Science
  7. Evidence for Experience Curve Management through Analogical Learning in Electronic Cash, IEEE Transactions on Engineering Management (EM-09-0394 ) in second round of reviews (with E. See-to)
  8. Diffusion of Mobile Operator’s Integrated Communication Services: Perspectives from Network Economics and Media Synchronicity, MIS Quarterly (w. JX. Hao, XP Xiao & SQ Shan)
  9. Complexity and Intangible Value in the Ecosystem of Digitizing Firms, with Pooya Rahmati, Ali Tafti
  10. Adaptive Data-driven Inventory Control with Censored Demand, w. BoXiao Chen (early stages, applications from my book chapter ”Kaplan–Meier Estimators for Single Product Demand Using Inventory Level Time-Series; in Contemporary Issues in Supply Chain Management and Logistics New York: BEP, 2016”)
  11. The Predictive Power of Social Structures in Credit Scoring: Strong and Weak Ties, w. T. Phan and T.Tan
  12. Deep-Learning Analysis of Community Structure and Loan Defaults: A Convolutional Network Analysis, w. T. Phan and T. Tan

 

Refereed Publications

 

  1. An Empirical Investigation of Analytical Review Procedures using Mixture Distributions–Intelligent Systems in Accounting, Finance and Management (Wiley), DOI:1002/isaf.1405
  2. Methods to Assess the Value of New Technologies: The Case of Consumer Sentiment towards Digital Wallet Technology , Data-Enabled Discovery and Applications (Springer), forthcoming 2017, accepted Feb 2017
  3. Book Chapter: Kaplan–Meier Estimators for Single Product Demand Using Inventory Level Time-Series; in Contemporary Issues in Supply Chain Management and Logistics New York: BEP, 2016
  4. Co-Diffusion of Mobile Operator’s OTT and SMS Messaging Services in Emerging Economies, Y Yu, JX Hao, M Zuo, S Shan, C Westland – 2016 – aisel.aisnet.org (Proceedings of International Conference on Information Systems 2016)
  5. The Information Content of Sarbanes-Oxley Metrics for Predicting IS Security Breaches, J. Christopher Westland, UIC Lijuan Huang, XiDian University, Proceedings of Workshop on Information Systems & Economics, 2016
  6. Comparison of Password Strength East vs. West, Proceedings of the Decision Sciences Institute 2016
  7. Information Security Cultural Perceptions of Privacy and Protection, Proceedings of the Decision Sciences Institute 2016
  8. Do Parametric Methods outperform Non-Parametric Methods on High Dimensional Data: An Empirical Investigation Proceedings of the Decision Sciences Institute 2016
  9. Does Technology Investment Improve Customer Sentiment? Evidence from “Digital Wallet” technology and its influence in social media, Proceedings of the Decision Sciences Institute 2016
  10. The Information Content of Financial Survey Response Data, Financial Innovation, v.1(2), 2015
  11. Substitutes, Complements and Network Effects in Instant Messaging Services, Networks and Spatial Economics (w. JX. Hao), Networks and Spatial Economics, DOI: 10.1007/s11067-015-9287-5, 2015
  12. Electronic Commerce Research in seven maps, Electronic Commerce Research, Volume 15 Number 2 (2015) 15:147-158 DOI 10.1007/s10660-015-9181-8, (with Chien-Lung Hsu & Chun-Hao Chiang), Mar 2015
  13. Economics of eBay’s Buyer Protection Plan, Financial Innovation, v.1(1), 2015
  14. The Golden Age of Consumer Sentiment Research, Electronic Commerce Research, Volume 15 Number 3 (2015)
  15. Introduction from the Incoming Editor, Electronic Commerce Research, Volume 14 Number 4 (2014)
  16. A Descriptive Study of Credit Card Fraud Patterns, Global Business Review (w/ S. Jha), February 2014
  17. Employing Transaction Aggregation Strategy to Detect Credit Card Fraud Expert Systems With Applications, Expert Systems With Applications, ESWA-D-12-00805 October 2013 (w. Montserrat Guillen and Sanjeev Jha)
  18. The Adoption of Social Networking Technologies in Cinema Releases; Information Technology and Management, http://www.springerlink.com/content/g23qg84ru0p45122/ 2012
  19. Affective Technologies in Survey Research; Information Technology and Management, 2012
  20. Electrodermal Response in Gaming, Journal of Computer Networks and Communications, vol. 2011, Article ID 610645, 2011. doi:10.1155/2011/610645.
  21. Lower Bounds on Sample Size in Structural Equation Modeling, Electronic Commerce Research and Applications, Dec 2010, PII:S1567-4223(10)00054-2, DOI: 10.1016/j.elerap.2010.07.003 (with software downloadable from Elsevier) in Top Ten Most Downloaded papers on ECRA
  22. Divorce Insurance: Mitigating the Adjudication Period Financial Crisis, Journal of Divorce & Remarriage, 52:1–38, 2011, ISSN: 1050-2556 print/1540-4811 online, DOI: 10.1080/10502556.2011.585084(lead article)
  23. Data Mining for Credit Card Fraud, Decision Support Systems (with Sid Battacharyya and Sanjeev Jha) 2010 DOI: 10.1016/j.dss.2010.08.008
  24. Critical mass and willingness to pay for social networks, Electronic Commerce Research and Applications, Dec 2009 (lead article, with comment by Andrew Odlyzko)
  25. Incentives for Mobile-Online Gaming with Competing Electronic Cash Services, International Journal of Electronic Business (with E.W.K. See-To), 2009
  26. Short-run Price-Performance Dynamics in Microcomputer Technologies, Research Policy (with E.W.K. See-To) volume 36, Issue 5, Pages 591-806, June 2007
  27. The IS Core-XII: Positive Research in Information Systems, in Communications of the AIS, 2004 in volume 14
  28. Why is it so difficult to put a value on technology?, The International Journal of Entrepreneurship Education (IJEE), v. 3 (2004)
  29. The Cost Behavior of Software Defects, Decision Support Systems, Volume 37, Issue 2 , May 2004, Pages 229-238
  30. What Electronic Commerce Can Learn from Securities Market Automation, in Tan, F. (ed.) Advanced Topics in Global Information Management, Idea Group, 2003 pp. 97-119
  31. Preference ordering Cash, Near Cash and Electronic Cash, Journal of Organizational Computing and Electronic Commerce, 12(3), pp. 223-242, 2002
  32. Transaction risk in electronic commerce, Decision Support Systems, (33)1 (2002) pp. 87
  33. Electronic commerce and delays in market matching, Journal of Organizational Computing and Electronic Commerce, Volume 12 Number 2, Jun 2002 , 121-132
  34. Systems Complexity and the Cost of Errors in Software Development, Journal of Systems and Software, Volume 62, Issue 1, 1 May 2002, p. 1-10 (lead article)
  35. Electronic Delivery of Convenience: A Service Innovation at the 7-Eleven Retail Chain in Hong Kong, Journal of Information Technology Cases and Applications (JITCA), 2002 (with Lange, Karl)
  36. Electronic commerce and delays in market matching, Journal of Organizational Computing and Electronic Commerce, 2001
  37. Ten Lessons that Electronic Commerce Can Learn from the Automation of Securities Exchanges, Journal of Global Information Management, Jan-Mar 2000
  38. Privatization of Electrical Networks in Chile: A Case Study to Serve as a Model for Information Networks of Today  Journal of Information Technology Cases and Applications (JITCA), v. 2 (3) 2000
  39. Modeling the Incidence of Post-Release Errors in Software, Information Systems Research, September 2000
  40. Customer and Merchant Acceptance of Electronic Cash: Evidence from Mondex in Hong Kong, International Journal of Electronic Commerce, v 2(4) Summer, 1998, 5-26
  41. Impacts of Electronic Marketplaces on Product Prices: An Empirical Study of the AUCNET Case, International Journal of Electronic Commerce, Volume 4 , Issue 2 December 1999 Pages: 45 – 60   (with H.G. Lee and S. Hong)
  42. Some Conditions for Cost Efficiency in Hypermedia, Information Processing and Management, v.34(2/3), 1998, 309-323
  43. A Comparison of Shopping Experiences in Three Competing Digital Retailing Interfaces (w/ Grace Au), International Journal of Electronic Commerce, 1998
  44. The Moscow Stock Exchange and The Shanghai Stock Exchange: Electronic Markets for Voucher Driven and State Managed Privatization of State Owned Enterprises, in Business Information Technology Management: Closing the International Divide, P. Banerjee, R. Hackney, G. Dhillon and R. Jain (eds.), Haranand , 1998
  45. Electronic Cash in Hong Kong Electronic Markets v.7(2), p. 3 (with M. Kwok, J. Shu, T. Kwok and H, Ho)
  46. Automation of China’s Securities Markets (1997) Electronic Markets v.7(2), p. 3 (with 23. S.M. So)
  47. A Rational Choice Model of Computer Network Security, Journal of Electronic Commerce, v.1(2), Winter 1996-97
  48. TheCOCOMO 0 Software Cost Estimation Model, American Programmer, Cutter Information Corp., July 1996, and reprinted in Software Management, Fifth Edition, IEEE Computer Society Press, Washington D.C., 1996(with B.Boehm, B. Clark, E. Horowitz, R. Madachy and R. Selby), 1996
  49. Cost Models for Future Software Life Cycle Processes:COCOMO 0, Annals of Software Engineering, Vol. 1, Software Process and Product Measurement, J.D. Arthur and S.M. Henry (eds.), J.C. Baltzer AG, Science Publishers, Amsterdam, The Netherlands, 1995, pp. 57-94 (with B. Boehm, B. Clark, E. Horowitz, R. Madachy and R. Selby)
  50. Bayesian Alternatives to Neural Computing, IEEE Transactions on Systems, Man and Cybernetics, November 1994
  51. Reporting Strategies for ‘Events’ Accounting, Journal of Information Systems, Fall 1994
  52. Business Process Reengineering at Pacific Bell, Planning Review, May/June, 28-33(with) Housel, Thomas and Christopher Morris)
  53. Congestion and Network Externalities in the Short Run Pricing of Information Systems Services, Management Science, v. 38(6) July 1992, 992-1099
  54. CASE as Negotiation: Goals for Systems Design and Management of Group Learning in an Automated Systems Design Process, Sistemica, v.1(2), 131-143 (English version) 145159 (Spanish version)
  55. Cinema Theory, Video Games, and Multimedia Production, in Multimedia Computing: Preparing for the 21Century, Reisman (ed.), Middletown, PA: Idea Group Publishing, December 1995
  56. The Marginal Analysis of Investments in Information Technology, in Strategic and Economic Impacts of Information Technology Investment: Perspectives on Organizational Growth and Competitive Advantage, Mahmood, Banker and Kauffman (eds.), Middletown, PA: Idea Group Publishing, September, 55-81
  57. Economics and Global Information Technology Education, in Global
    Information Technology Education: Issues and Trends, Lock (ed.),
    Middletown, PA: Idea Group Publishing, 419-450
  58. CASE in Business and Administrative Information Systems, in Computer-Aided Software Engineering: Issues and Trends for he 1990s and Beyond, Bergin (ed.),Middletown, PA: Idea Group Publishing, 401427
  59. Allocated Cost Schedules to Control Equipment Usage `Bottlenecks’, in Tools and Techniques of Cost Estimating and Analysis, W.R.Greer (ed.), New York: Springer-Verlag, 65-81
  60. Economic Incentives for Database Normalization, Information
    Processing and Management, v. 28 (5), 647-662
  61. Problem Vectorizability and the Market for Vector Supercomputing,
    Information Processing and Management, v. 27(5), 499-515
  62. Collaboration and Productivity in Information Systems Research, The
    Information Society v.7(1), 33-50
  63. Self-Organizing Executive Information Networks, Decision Support Systems, v.8, 41-53
  64. Scaling Up Output Volumes Predicted by Information Systems Prototypes, Association for Computing Machinery/TODS, v. 15(3), 341-358
  65. Assessing the Economic Benefits of Information Systems Auditing, Information Systems Research, v.1(3), September 1990, 309-24
  66. Economic Constraints in Hypertext, Journal of the American Society for Information Science, v. 42(3),178-184
  67. Topic Specific Market Concentration in the Information Services Industry: Evidence from the DIALOG Group of Databases, The Information Society, v. 6, 127-138
  68. Parallel Renaissance in Neural Networks: A Bayesian Approach to Neural Learning, Behavioral and Brain Science, v.12, 1989,160 (with Manfred Kochen)
  69. A Net Benefits Approach to Measuring Retrieval Performance, Information Processing and Management, v.25(5), 579-581

 

 

Ph.D. Students

  1. Pooya Rahmati (graduating 2017)
  2. Poornima Krishnan (graduated 2010)
  3. Sanjeev Jha (graduated 2009), University of New Hampshire
  4. Kirill Yurov (graduated 2009), Nova University
  5. Carsten Paasch (graduated 2008) Senior VP – Information Security, Standard Chartered Bank
  6. Wendy Hui, (graduated 2005), Nottingham University
  7. Eric See-to (graduated 2005).Research Fellow. University of Lancaster Business School, U.K.
  8. Hilton Chan, (graduated 2000), Hong Kong Police, Head of Special Investigations
  9. Eric Law, (graduated 1999) CEO, Boncle, Inc. (secure internet platforms) Santa Clara, CA

Consulting (selected projects)

Research Corporation of University of Hawaii (Innovation strategy)

Forensis (expert testimony in numerous ongoing cases)

The Emerging Markets Risk Advisory (technology risk modeling)

External Examiner for MBA programs at Hong Kong University

Borland (IS Governance)

Singapore Manufacturers Association (technology valuation)

Microsoft (Redmond WA; Dublin, Ireland; valuing technology / software cost modeling)

Aerospace Corporation (software cost modeling)

V-Tech (software business modeling and industrial design)

Intel (Rosettanet)

Motorola (mobile Internet markets)

IBM (electronic commerce)

Pacific Bell (software cost modeling and workflow)

 

recent Presentations (selected)

  1. Keynote Speech, ICIM 2017, Taipei, Taiwan, May 12, 2017
  2. Erasmus University, Digital Complexity and M&A in Software, Rotterdam, Netherlands, June 14, 2017
  3. China University of Geosciences, Data Science and Data Mining, Wuhan, China, June 28, 2017
  4. ECIS, Current Issues in Fintech, Guimarães, Portugal, June 9 2017
  5. Methods of Creating Systematic Corporation Innovation, Saigon Innovation Center, March 17,2017 Ho Chi Minh City, Vietnam
  6. Innovations in P2P Lending, The International Summit on Smart Finance (ISSF) Shenzhen, China, May 22 2016 1:00pm
  7. Customer sentiment analysis from “Digital Wallet” technology and its influence in social media, Shanghai Institute of Technology presentation, Fri, June 24, 2016
  8. Customer sentiment analysis from “Digital Wallet” technology and its influence in social media, Jilin University of Finance and Economics, Changchun, Tuesday June 28, 2016
  9. Empirical Investigation of Analytical Review Procedures using Mixture Distributions, Soochow University, Suzhou, China, Fri, June 24, 2016
  10. Innovation and Regional Development, Anhui Provincial Innovation Center, New Economic Zone, Hefei, Anhui, China, Thu, June 2, 2016, 6:50pm – 7:50pm
  11. Comparison of Password Strength East vs. West, Nov. 20, 2016, 3:00pm Decision Sciences Institute 2016, Austin, TX
  12. Information Security Cultural Perceptions of Privacy and Protection, Nov 19, 2016 10:30am Decision Sciences Institute 2016, Austin, TX
  13. Do Parametric Methods outperform Non-Parametric Methods on High Dimensional Data: An Empirical Investigation Nov. 21, 2016 4:30pm Decision Sciences Institute 2016, Austin, TX
  14. Does Technology Investment Improve Customer Sentiment? Evidence from “Digital Wallet” technology and its influence in social media, Nov. 21, 2016 1:30pm Decision Sciences Institute 2016, Austin, TX
  15. Co-Diffusion of Mobile Operator’s OTT and SMS Messaging Services in Emerging Economies, Dec 11, 2016 1:30pm, ISIC 2016
  16. The Information Content of Sarbanes-Oxley Metrics for Predicting IS Security Breaches, Dec 16, 2016 3:00pm, WISE, 2016
  17. Panel: Future of Walgreens’ Supply Chain, July 27, 2016, 4am – 6am, Walgreens University 6 Parkway North Deerfield, IL 60015
  18. Panel, Challenges Facing the Implementation of BI Practices, Wednesday November 30, Business Intelligence Summit 2016, Chicago (Swissôtel,Chicago)

 

Executive Education

New York Institute of Finance, Valuation of Technology Ventures

Kellogg-HKUST, Information Technology Strategy

CIEBS, Information Technology Strategy

Tsinghua, Information Technology Analytics

USC, Information Technology Strategy

Vietnam EMBA, Entrepreneurship and Innovation

 

 

Research

Machine Learning and Artificial Intelligence

Exponential growth of computing power has made possible the efficient application of perceptron and graph theoretic solution concepts to networks in e-Commerce, merger and acquisition activity, social networks and numerous other fields with substantial and growing economic importance.    My work has translated traditional economic ‘comparative statics’ models,  central to the study of information technology markets, into machine learning models that can highlight emergent behavior and short period phenomena unavailable in comparative statics.   I am particularly impressed with the deep-learning tools from the Google Brain group, who are building an expanding array of products to provide viable “big data” alternatives to traditional statistics.  Their tools are rooted in tensor representations of the real world (just as statistics has evolved mainly from vector and matrix models) and offer many new metrics for the analysis of markets that have equal or greater impact on their performance than simple price and value metrics.   Both offer opportunities for deeper understanding of technology management and markets using computationally intensive methods.

Business Analytics

I am interested in making sense out of the extremely large datasets that are increasingly available online and from industry.  I take advantage of new, computationally intensive analysis tools, statistical packages, machine learning and visualization tools to create human-digestable analyses and graphics.  I am particularly interested in forensic statistical methods adapted from fields such as actuarial science, information science and physics.  I have been adapting social networks analysis and graphics, using R, Tensorflow and Mathematica  for the creation of inference models can be designed with a variety of probability, distance or weight metrics, and can be constructed through junction tree propagation algorithms with discrete and continuous evidence.

Electronic Commerce

My work in electronic commerce grew out of studies of stock-market automation (a very dynamic area in the early 1990s, as the number of stock exchanges nearly doubled, partly in response to the crash of 1987, with most new exchanges being electronic).  Electronic commerce platforms have since proliferated in such diverse areas as service and asset sharing, exchange of difficult to value assets, code bases and ideas, and governance.

I am Editor-in-Chief of one of the oldest electronic commerce journals: Electronic Commerce Research.   During my tenure I have moved the journal from its more traditional telecommunications and management information systems focus to a more comprehensive journal embracing cutting edge research in business, economics, computer science, machine learning and AI, politics and social science.    The journal has steadily improved its bibliometric rank, and is now indexed in the most important repositories.

Information Technology Economics and Valuation

I worked for several years as a CPA in Chicago and Dallas, where I accrued experience in finance and accounting.  I have continued some of these work in my academic studies into the economic consequences of technlogy management and investment.  Much of my early work at the University of Southern California’s Center for Software Engineering was on software metrics. There I developed the statistics for the Cocomo 2.0 software costing model. My work on software metrics led me to address the more general problem of IT valuation. Much of the value of information technology is contained in intangible assets – software, methods, ongoing services, and options. These are assets that traditional accounting and finance models find difficult to value because they lack an ‘objective’ basis for valuation.

Technology risk became a central topic in finance, project management and electronic commerce  following the 2008 crash. I have been expanding valuation modeling work in which I engaged from 2000 to 2004 (resulting in the publication of two books) to incorporate models from insurance and credit and market risk modeling.

 

Electronic Commerce Research

I currently serve as Editor-in-Chief of the Springer research journal Electronic Commerce Research, which is increasingly an outlet for cutting edge business analytics research in electronic commerce. Under my editorship, our 2014 Impact Factor has risen to 1.773 (Thomson Reuters Journal Citation Reports® 2015) with a 46% increase in citations over the prior year. For the last three years Electronic Commerce Research has seen the following Impact Factor trend:

Year Impact Factor Citations
2014 1.773 352
2013 1.632 242
2012 1.553 208

ECR has also, as a part of my restructuring and redirection, set up a new taxonomy reflecting current developments in the field, expanded paper categories to add methodology, negative results and ‘frontiers’ papers, as well as regular research and special issues. We currently review around 400 submissions per year, and to efficiently manage submissions we have expanded our advisory and review boards, with a current database of around 1000 reviewers.

Electronic Commerce Research is an open choice, ISI indexed journal; it is the oldest academic journal dedicated solely to electronic commerce (since 2001). It is abstracted / indexed in SSCI, JCR, SCOPUS, INSPEC, Zentralblatt Math, Google Scholar, EBSCO, CSA, ProQuest, Academic OneFile, ACM, and other major venues. Further information about the journals aims and content can be found at http://link.springer.com/journal/10660.
ECR Cover