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Helping Early-Career Faculty Progress in a Pandemic

Frances Tice

How Two Entrepreneurial Approaches Filled a Research Void During COVID-19

Conference cancellations,ÌýeventÌýpostponements, and quick shifts to remote formatsÌýdue to theÌýoutbreakÌýof COVID-19Ìýthis year created a chasm for academic researchers in the United StatesÌýand across the world. In the blink of an eye, in-person opportunities for faculty—especially untenured faculty—to exchange ideas, workshop research papers and engage in thoughtful dialogue wereÌýreduced,Ìýas colleges and universities shut down campuses and labsÌýfor the undetermined future.Ìý

DelayingÌýresearchÌýeven a few months stagnates projects ripe for presentationÌýand feedback,ÌýÌýandÌýcanÌýhave a significant impact onÌýan early career researcher’sÌýability to build theirÌýportfolio of workÌýand their reputation,Ìýaccording toÌýTony Cookson,ÌýassociateÌýprofessor ofÌýfinance and co-director of theÌýCenter for Research on Consumer Financial Decision MakingÌýat theÌýLeeds School of BusinessÌýat the Âé¶¹Ãâ·Ñ°æÏÂÔØ.ÌýÌý

The nature of business educationÌýitself, however, is well positionedÌýto identifying opportunities during a downturn. The challenges to academic research caused by this year’s global pandemicÌýignited entrepreneurial thinking andÌýcomaraderieÌýamong someÌýseniorÌýfaculty at top business schoolsÌýwho shared concern for the career success of their early-career colleagues.Ìý

TheirÌýinterestÌýinÌýhelping their junior counterparts fueled two entrepreneurial solutions, one from the Âé¶¹Ãâ·Ñ°æÏÂ﯉۪s Leeds School of Business andÌýanother atÌýBoston College’sÌý. BothÌýoffered early-career faculty opportunities to continue toÌýmove forward with their researchÌýand academic careers,Ìýdespite the obstacles presented by COVID-19.Ìý

A series born from necessityÌý

Early on,ÌýCookson recognized the implicationsÌýthatÌýa season of conference cancellations could have for early career faculty in the business school finance community and decided to address it head-on. He established a series of virtual conferencesÌýfor finance researchers collectively titled “Finance in the Cloud.â€� Ìý

The conferences featuredÌýpresentationsÌýfrom finance faculty at top business schools around the country as well asÌýthe Federal Reserve Bank of New YorkÌýand of Philadelphia.ÌýÌý

CooksonÌýunderstood the hesitancy event organizers had to converting a conference with a top reputation online and the risks that could pose to the integrity of the work, virtual communicationÌýandÌýtechnology, among other issues, but he figured someone needed to try to make it work. His conferences are proof of concept, as many virtual conferences and events of a similar nature have since followed with success.ÌýÌýÌý

Cookson’s quick thinking gaveÌýthese early careerÌýfaculty the opportunity to continue toÌýshareÌýtheir research when everything had literally been cleared from their calendars. In addition,ÌýhostingÌýconferences solely for junior faculty allowed the focus to be on obtaining feedback on papers, sourcing ideas, and limiting the disruption toÌýjunior facultyÌýprofessional development and careers.Ìý

“Young researchers need to produce research to benefit their progress toward their tenure track,â€� says Cookson. “This wave of cancellations is particularly disruptive for those who have not yet fully established their reputations.â€� Ìý

The online format allowed participants to benefit from their discussionsÌýin a wayÌýthat Cookson notes they wouldn't have been able to do otherwise. He innovated a real-time discussion forum, where listeners would comment and provide constructive feedback in a chat function while the faculty member presented.ÌýÌý

If a co-author was present,Ìýthat personÌýwould handle the clarifying questions while the presenter continued without being interrupted. This allowed the Q&A portion to dive into some nuanced discussion that may not have progressed to the same degree in an equal amount of time.ÌýÌý

“What they got out of 45 minutes, they would normally get from, a 90-minute seminar in person,â€� says Cookson.ÌýÌý

A remote researchÌýlifelineÌýÌý

Like Cookson,Ìý, associate professorÌýofÌýaccounting atÌýBoston College,Ìýrealized early onÌýthe difficulties the pandemic would create forÌýuntenuredÌýfaculty.ÌýÌý
“The opportunity to present research and receive feedback is so important to the advancement of our research and careers—for everyone, not just junior faculty,â€� says Carter. “And now there was an added layer of isolation as we toiled in our home offices.â€�Ìý

With the help of seniorÌýcolleagues,ÌýCarter startedÌýthe Corporate Governance and Executive Compensation Research SeriesÌýin early April.ÌýSheÌýinvitedÌýearly careerÌýfaculty,ÌýwhoÌýthey thoughtÌýwould benefit from being part ofÌýtheÌýcommunity, along with topÌýsenior scholarsÌýin the field. Many of the senior facultyÌýare alsoÌýjournal editors,ÌýwhoÌýCarter and her colleagues believed wouldÌýprovide constructive, helpful commentsÌýandÌýideasÌýfor the early career researchers.ÌýÌý

The group meets every Friday for an hour on Zoom, with an averageÌýofÌý20 people to keep it small and interactive. Each meeting offers one faculty member the opportunity to present their research and get feedback from a group of peers.ÌýÌý

ParticipantsÌýrepresent top business schoolsÌýfromÌýacross the country and around the world, with faculty fromÌýIESE Business SchoolÌýinÌýBarcelona, Spain, and theÌýUniversity of MelbourneÌýin Australia.ÌýÌýÌý

Including senior faculty was a key element, according toÌýYonca Ertimur, senior associate dean for faculty and research andÌýRustandyÌýesteemedÌýprofessor at the Leeds School of Business. Ertimur advisedÌýCarter at the outset of this project.Ìý

“Junior faculty appreciate the ability to present work to their contemporaries and to senior colleagues,â€� says Ertimur. “Also being able to give feedback to senior faculty is important too;Ìýit increases junior faculty visibility.â€� Ìý

Frances Tice, assistant professor of accounting at the Leeds School of Business at the Âé¶¹Ãâ·Ñ°æÏÂÔØ, and her co-authors presented a working paper that examines the relationship between inside debt and debt contracting when borrowing firms have credit constraints or experience financial distress. “The findings expand our understanding on the usefulness of inside debt in reducing agency costs,â€� she says, particularly in times of economic downturns.  Having this opportunity to gain feedback during a major revision was extremely helpful for identifying potential concerns in their findings and refining the framing of their key arguments. Tice says the experience also allowed her to build relationships with other faculty in the same field.

, assistant professor and BKDÌýFaculty Scholar for theÌýÌýat the University of Missouri,Ìýalso found the series to be beneficial for building relationships with others in the field, in addition to the helpful feedback she received on her research.ÌýÌý

“I think the series provides a partial substitute for some of the intangible benefits normally provided through conference attendance,Ìýwhere I have had the opportunity to meet and get to know other researchers,â€� says Pawliczek.Ìý

,Ìýassistant professor of accounting for the University of Illinois at Chicago’sÌý, called the series one of the professional highlights of the year.ÌýÌý

“The feedback we received was invaluable, says Patrick. “Attending the research series is not only a great opportunity for feedback on our own work but also an opportunity to see what other folks in the area are working on.â€�ÌýÌýÌý

The mother of inventionÌý

Although campus activity has resumed to varying degrees across higher education in the United States,Ìýresearch collaboration and disseminationÌýmay look and feelÌýdifferent for all facultyÌýwell beyond this academic year.Ìý

“I thinkÌý[Finance in the Cloud]Ìýwas useful and useful enough that people would be happy to engage in a in a virtual conference experienceÌýagain, even in a world where they could, as anÌýalternative, travel to a conference and present in-person and meet people and talk with them face-to-face over coffee,â€� says Cookson.ÌýÌý

The feedback Carter has received thus far from participants also has her considering continuing the series even as work, and the world, resumesÌýoperationsÌýpost-COVID-19.ÌýÌý

“It’s not just the junior faculty who have found this helpful,â€� says Carter. We’ve had six senior folks present (myself included) and the constructive feedback has been useful for pushing projects forward.â€�Ìý

While the coronavirus may have upended the usual mode of operations for academic research,ÌýCookson and Carter’s virtual programs show howÌýremote formatsÌýcan work, even temporarily, to help early career faculty progress. Perhaps these types of events provide a window of what’s to come: aÌý“new normalâ€� for career development in academia.ÌýÌý