Blockchain in Business: What Do Companies’ 10-K Reports Say About DLT?

Three researchers from the Walton College at the University of Arkansas – Mary Lacity, Kris Allee and Yaping Zhu – looked at SEC-required reports to “examine companies’ propensity to discuss blockchains in their 10-Ks in order to measure the degree of their investment in this technology.” Continue reading Blockchain in Business: What Do Companies’ 10-K Reports Say About DLT?

Walton Career Services Hosts Fall Events

Walton Career Services at the Sam M. Walton College of Business is kicking off the fall semester with tons of events for students applying for internships and full-time positions, developing a resume or learning about employers. Walton Career Services will host the following events this fall:

August Events:

  • Are you Ready? Pop-Up Shop: Every Tuesday, 9:00 a.m. – 11:00 a.m.
  • Corporate Comes to Campus: August 29, 9 a.m. – 12 p.m.

September Events:

  • Are you Ready? Pop-Up Shop: Every Tuesday, 9:00 a.m. – 11:00 a.m.
  • Walmart Career Fest: September 4, 12 p.m. – 3 p.m.
  • Aldi Corporate Spotlight: September 10, 8:30 a.m. – 1 p.m.
  • Google Comes to Campus: September 11-September 13
  • Walton Retail Career Day: September 12, 11 a.m. – 3:30 pm.
  • Resume Rescue: September 17 & 18
  • Pitched Perfect: September 17, 3:30 p.m. – 5:30 p.m.
  • Diversity in the Workplace Panel: September 18, 4 p.m. – 5 p.m.
  • Business Career Fair: September 24, 10 a.m. – 12 p.m. & 1 – 3 p.m.

October Events:

  • Are you Ready? Pop-Up Shop: Every Tuesday, 9:00 a.m. – 11:00 a.m.
  • capSpire – Company of the Day: October 1, 9 a.m. – 3 p.m.
  • USA Truck – Company of the Day: October 8, 9 a.m. – 3 p.m.
  • Walmart Tech Week: October 7-11
  • Leggett & Platt – Company of the Day: October 15, 9 a.m. – 3 p.m.
  • Tech Careers in Startups: October 24, 5 p.m. – 8 p.m.
  • Walmart Trivia Night: October 29, 6:30 p.m. – 8 p.m.

November Events:

  • Are you Ready? Pop-Up Shop: Every Tuesday, 9:00 a.m. – 11:00 a.m.
  • Verizon – Company of the Day: November 5, 9 a.m. – 3 p.m.
  • FIS – Company of the Day: November 12, 9 a.m. – 3 p.m.
  • Shopper Marketing Panel: November 12, 4:30 pm. – 6 p.m.
  • S.A.M. Talk with Laura Phillips of Walmart: November 13, 2 p.m. – 2:30 p.m.
  • Goosehead – Company of the Day: November 19, 9 a.m. – 3 p.m.

For details and to register for events, visit Handshake at For information regarding Walton Career Services,


Frizzell Selected as Walton College Employee of the Quarter

Alice Frizzell, assistant director of the Department of Information Systems Graduate Programs, has been named employee of the fourth quarter by the Sam M. Walton College of Business.

Anyone in the college may nominate colleagues for the award, which is given to employees who show superior customer service that enhances the image of the college above and beyond the scope of that employee’s job description.

Along with Frizzell, Karen McDowell, administrative support supervisor for the Department of Finance, and Sandra Cox Birchfield, administrative specialist for the Department of Marketing, were also nominated for their contributions to Walton College.

The winner receives a certificate of appreciation and a cash prize. Winners are chosen by Walton College Dean Matt Waller, the associate deans, the assistant deans and the Walton College Staff Council.

Walton College Researchers Present Study at American Accounting Association Meeting

Stephen Rowe
Stephen Rowe

Researchers at the Sam M. Walton College of Business at the University of Arkansas presented their study at the annual meeting of the American Accounting Association that indicates audit firms’ reputations suffer when they disclose weakness in corporate clients’ accounting.

Stephen Rowe, assistant professor in the Department of Accounting, and Elizabeth Cowle, a Walton College Ph.D. student in accounting, presented “Don’t Make Me Look Bad: How the Audit Market Penalizes Auditors for Doing Their Job” during the association’s annual meeting in San Francisco.

Rowe and Cowle wrote: “The issuance of an ICMW (a flag indicating material weaknesses in companies’ internal controls) should neither impair the issuing auditor’s reputation, nor deter clients from selecting auditors with a history of issuing ICMWs.” Yet, “auditors who issue an ICMW are perceived as less attractive in the audit market,” which therefore “disincentivizes auditors from disclosing internal-control information that could make their clients look bad.”

At Walton College, Rowe teaches intermediate accounting and does research in auditing. He has a Ph.D. from the University of Illinois at Urbana-Champaign, a master’s degree from Loyola University Chicago and a bachelor’s degree from Covenant College.

Flagging material weaknesses in companies’ internal controls over financial reporting is a responsibility mandated by the Sarbanes-Oxley act of 2002. “Sarbanes-Oxley represented the principal legislative response to a severe crisis not only for the accounting profession but for the free-market system,” Rowe said. “While some studies have found SOX to be of value, the issue, as this study suggests, is far from settled. To anyone who believes in the free-market system, this needs to be concerning.”

The paper was among hundreds of scholarly studies presented at the association’s annual meeting, which attracted some 4,000 scholars and practitioners to San Francisco on Aug. 9-14. The AAA is a worldwide organization devoted to excellence in accounting education, research, and practice.

Their study also was written about in the Wall Street Journal.


Walton College Executive Education Fall Courses Announced

The Sam M. Walton College of Business Executive Education’s upcoming Fall 2019 programs are specifically designed to accelerate leadership objectives and hone business skills. Led by Walton College faculty and industry experts, the programs empower participants with skills and experiences to advance their career and enable them to make valuable contributions within the organization. Courses will take place in Little Rock at Walton College at 2nd & Main.

Fall executive educations courses include:

Innovative Supplier Relationship Management Practices
August 21, 2019
8:30 a.m. – 4:30 p.m.

Supplier relationship management (SRM) and supplier enabled innovation (SEI) can enable your organization to maximize the value of your organization’s interaction with its key suppliers. SRM is a procurement approach that challenges you to manage your key suppliers to unlock value and stay competitive. Based on our research and experience, we have developed a roadmap and a toolkit for moving to best in class. This course unpacks the toolkit and supports participants in the development of a roadmap towards the frontier of best practices.
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The Power of Leadership
October 3, 2019
8:30 a.m. – 12:00 p.m.

Leaders are expected to be both leaders and managers, which means they need to understand the difference between management authority and leadership influence. Based on the West Point model of leader development, we’ve seen how great leaders develop influence based on their character, their competence and their behavior as a leader. These inputs create organizational outcomes such as trust, positive emotional energy and extraordinary performance – all of which are hallmarks of a great organization.
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Leading with Emotional Intelligence
October 10, 2019
3:30 p.m. – 5:30 p.m.

Emotional Intelligence (EI) and a strong commitment to personal values are integral to effective leadership. Leaders with these skills are keenly aware of their emotions and the emotions of others, and they use those insights to lead, engage and empower those around them. This course will aid in developing EI skills to make a more significant impact on the participant’s organization and create a stronger leader.
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Introduction to Continuous Improvement
October 17, 2019
8:30 a.m. – 12:00 p.m.

This course will introduce you to continuous improvement practices and teach you how to manage the process using the following tools: strategy development and deployment, loss identification, value stream mapping, process improvement, problem-solving, action planning, score carding and monthly results reviews.
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The Power of Effective Storytelling
October 30, 2019
8:30 a.m. – 12:00 p.m.

Whether you’re trying to communicate a vision, sell an idea or inspire commitment, storytelling is a powerful business tool that can mean the difference between lackluster enthusiasm and a rallying cry. This course will teach participants the art and science of utilizing compelling storytelling as a strategic benefit for the organization and a leadership technique in business and personal conversations and presentations.
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Creating Value-Based Healthcare in a Patient-Centered World
November 6, 2019
11:30 a.m. – 1:30 p.m.

The healthcare delivery system is a large, complex and sophisticated value creation chain. Successfully changing this highly interconnected system is difficult and time-consuming because the underlying problems are challenging to comprehend, the root causes are many, the solution is unclear and the relationships among issues, objectives and resolution are multifaceted. The terms patient-centered and value-based have become buzz words for payment and delivery reform in health care. The process of healthcare measures and patient safety indicators can be challenging, given the unique nuances of the healthcare delivery system. This course will examine the underlying healthcare problems using information, data and logic. Participants will become aware of critical challenges in streamlining healthcare and will be provided with tools to improve outcomes in business performance for their healthcare organizations.
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Captivating Audiences
November 14, 2019
8:30 a.m. – 12:00 p.m.

Your professional reputation is reflected in your communications. This course will improve your interpersonal communications, business writing and public speaking skills and is designed for managers, directors and rising leaders who want to polish communication abilities to showcase leadership skills.
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Ethical Leadership
December 5, 2019
8:30 a.m. – 12:00 p.m.

We expect leaders to do things right, but we also expect them to do the right thing. This is an expectation held by employees as well as customers and other stakeholders. Instructor Michael Hennelly uses his West Point ethical leadership teaching experience to highlight leaders who show ethical awareness, understand ethical reasoning and display ethical courage, creating stronger, more effective leaders. The course concludes with examples of real-world ethical challenges that attendees are invited to discuss, debate and resolve.
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Strategic Leadership
January 30, 2020
8:30 a.m. – 12:00 p.m.

Strategic leadership is a unique model of leadership. Strategic leaders of organizations have different jobs than team leaders in organizations. We expect team leaders to win the day-to-day battles, but we hope strategic leaders will win the long-term war. Strategic leaders need to understand leadership, but they also need to understand strategy. The strategic leadership course uses examples from the world of military and corporate strategy to identify the essential tasks of strategic leaders. We have seen how great leaders develop influence based on their character, their competence, and their behavior. These inputs, in turn, generate organizational outcomes such as trust, positive emotional energy, and extraordinary performance, all of which are hallmarks of great organizations.
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Walton College Executive Education Creates Supplier Relationship Management Course

Remko Van Hoek, clinical professor at the Sam M. Walton College of Business at the University of Arkansas and an adviser to several companies on sourcing and procurement, will hold a supplier relationship management course in Little Rock on Wednesday, Aug. 21. This course is a great opportunity for procurement professionals who interface with or manage suppliers to learn a procurement approach to unlock value and stay competitive. Continue reading Walton College Executive Education Creates Supplier Relationship Management Course

Walton College Engages Students Through Summer Programs

The Office of Diversity and Inclusion at the Sam M. Walton College of Business hosted four residential summer camps in June to introduce high school students to the University of Arkansas and Walton College.

The four camps introduce high ability minority students to career options, campus resources and campus life.

“Introducing college life to high school kids who may not otherwise have this opportunity is life changing,” said Barbara Lofton, director of the Office of Diversity and Inclusion for Walton College. “Through our summer camp programs, these students meet faculty and staff, stay in dorm rooms and eat meals on campus, participate in research and learn about academic and career opportunities available to them.

“It changes their perception of college and makes them feel at home here.”

The Business Leadership Academy, held June 9-13, introduced newly admitted freshmen to campus life. The students enhanced leadership skills through team projects and met Walton staff and faculty. The program also told students about career opportunities in retail and marketing.

The Fleischer Scholars Program, held June 16-21, hosted two camps for low income high school juniors and seniors whose parents did not attend college. Fleischer Scholars Program I was for students new to the program. Fleischer Scholars Program II welcomed back students who attended the camp previously.

The weeklong camps taught students how to research, develop and present a business plan and helped them transition from high school to college. The Fleischer Scholars Program provides a four-year partial college scholarship to participants.

The Accounting Career Awareness Program was held June 23-28 for underrepresented high school juniors and seniors interested in pursuing careers in accounting. Students attended undergraduate classes and networked with accouting professionals. Workshops focused on basic skills needed for accounting careers, business etiquette and requirements for certified public accountants.

The Office of Diversity and Inclusion was established in 1994 to support, advocate and assist Walton College in developing plans for diversity and supporting students throughout the college. It is the oldest office of diversity at an Southeastern Conference business school and recently celebrated its 25th anniversary. For more information regarding the Office of Diversity and Inclusion, visit

 About the University of Arkansas:The University of Arkansas provides an internationally competitive education for undergraduate and graduate students in more than 200 academic programs. The university contributes new knowledge, economic development, basic and applied research, and creative activity while also providing service to academic and professional disciplines. The Carnegie Foundation classifies the University of Arkansas among fewer than 2.7 percent of universities in America that have the highest level of research activity. U.S. News & World Report ranks the University of Arkansas among its top American public research universities. Founded in 1871, the University of Arkansas comprises 10 colleges and schools and maintains a low student-to-faculty ratio that promotes personal attention and close mentoring.