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July 27, 2005
Contact: Toni Dixon, School of Business, (785) 864-4449.

KU business professor Mark Hirschey receives 1st Chandler professorship


LAWRENCE -- Mark Hirschey, professor of finance at the University of Kansas School of Business, has been named the inaugural recipient of the Anderson Chandler Professorship in Business.

Anderson W. Chandler, chair of the Topeka-based Fidelity State Bank and Trust Co., established the professorship with a $500,000 gift to the School of Business through the Kansas University Endowment Association. The interest earned on the endowed fund supports a salary stipend and professional development for the recipient.

Hirschey, who joined KU in 1988, is the author of more than 85 academic research articles and scholarly textbooks. He enjoys an international reputation for his research accomplishments and has earned awards for his research. He is founding president of the Association of Financial Economists and co-editor of Advances in Financial Economics, a scholarly research series. He is also highly regarded by students, as his research allows him to bring the best business practices to the classroom.

Chandler, a Topeka resident, serves on the board of advisers for the KU School of Business and on the KU Endowment board of trustees. In 1996, he established the Anderson Chandler Lecture Series for the school. The series brings nationally and internationally known speakers to KU for public lectures, classroom appearances and interaction with students.

Bringing engaging and enthusiastic professors to the classroom was part of the motivation for the professorship, Chandler said. A 1948 KU business graduate, Chandler said, "The ability to make the courses interesting and relevant to current events was something that touched me as a young man in the business school. I have been impressed with Mark Hirschey. I know he has the respect of the faculty and the students, and I am confident he will be an asset to the school in the future, as he has been in the past."

" Professorships such as the one Anderson Chandler has so generously given help us attract and retain outstanding professors," said William L. Fuerst, dean of business. "Energetic and involved professors can have a great impact on a student's education and future career."

Hirschey is an example of a professor who can have that kind of impact, Fuerst said. In May he arranged for more than 100 business school students to personally meet with Warren Buffett, Wall Street's most successful investor and the second-richest man in the world.

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