Lubin Business Review released in Spring 2025 at Pace University in New York.

Lubin Business Review Spring 2025 Issue showcases a diverse range of academic insights curated by Lubin faculty to benefit business professionals. Celebrating its fifth anniversary, the Review continues to distill cutting-edge research into practical tools for the business community. Presented in a disciplined format, the Review covers various topics under themes like engagement challenges, innovative solutions, and impactful actions.

One significant study discussed in the Journals section delves into the impact of shock events on shareholders’ wealth and the subsequent actions taken by management to restore reputational damage and recover losses. Shock events, characterized by sudden disruptions to a company’s operations, can lead to drastic declines in market capitalization. Previous research has highlighted that these events, such as product recalls or financial misconduct, have caused billions of dollars in shareholder losses. The study explores the role of management responsibilities in mitigating these losses and implementing reputational repair strategies to regain stakeholders’ trust. It emphasizes the importance of timely and effective actions taken by management to address the aftermath of shock events.

Another key article in the Review focuses on the shift from rules-based accounting standards to principles-based approaches post the Sarbanes-Oxley Act. Following accounting scandals that exploited loopholes in rules-based standards, the Financial Accounting Standards Board proposed principles-based approaches to provide managers with more discretion in financial reporting. However, concerns were raised about the potential downsides of increased management discretion, such as lower financial reporting quality. The study investigates the empirical evidence behind principles-based accounting standards and their impact on audit outcomes. It sheds light on how professional judgment under these standards can influence financial reporting practices, emphasizing the need for balance between flexibility and transparency in reporting.

The Spring 2025 Issue of Lubin Business Review showcases a total of 22 unique contributions, covering a wide range of business interests across various regions, disciplines, and industries. With a focus on translating complex research into actionable insights, the Review aims to equip business professionals with the knowledge and tools needed to navigate the dynamic landscape of contemporary business environments. By distilling fundamental research findings into practical implications, the Review continues to serve as a valuable resource for the Pace community and beyond.

In conclusion, Lubin Business Review remains committed to its mission of bridging the gap between academic research and practical application in the business world. As it commemorates its fifth anniversary, the Review reaffirms its dedication to delivering cutting-edge insights and actionable solutions to empower business professionals in today’s fast-paced and ever-evolving business landscape.