Georgetown University's McDonough School of Business Creates Two New Professorships

June 11, 2009

Reena Aggarwal and William Baber to become McDonough Professors

Washington, D.C. -- As part of an initiative to increase the number of professorships at Georgetown University's McDonough School of Business, Dean George Daly recently announced that Reena Aggarwal and William Baber have been named the school's first Robert E. McDonough Professors.

"The McDonough Professorships recognize faculty for their contributions to research and extraordinary teaching in the classroom," Daly said. "This is just one of the many ways our school can honor the memory of Bob McDonough, a devoted alumnus who strongly supported the education of future generations of business leaders at Georgetown University."

Aggarwal previously served as the Stallkamp Fellow in Finance at the McDonough School of Business, where she has been a faculty member for more than 20 years. Her research focuses on emerging financial markets and institutions, initial public offerings, and corporate governance. She has been listed among "Outstanding Faculty" in the Business Week Guide to the Best Business Schools.

Her work has been published widely in academic journals, including the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Financial Management, Journal of Applied Corporate Finance, and the Journal of Portfolio Management. She was awarded the Faculty Research Award in 2000 and in 1999 from Georgetown's McDonough School of Business.

In addition to teaching, Aggarwal has served as Interim Dean and Deputy Dean of Georgetown's McDonough School of Business. She also has been a visiting professor of finance at MIT's Sloan School of Management, a FINRA Academic Fellow, an Academic Fellow at the U.S. Securities and Exchange Commission, a visiting research scholar at the International Monetary Fund, and a Fulbright Scholar to Brazil and Chile. Aggarwal received a Ph.D. in finance from the University of Maryland and an MMS from the Birla Institute of Technology and Science in India.

Baber is returning to teach at Georgetown's McDonough School of Business after serving as the Benjamin Franklin Professor of Business at The George Washington University since 1991. He has more than 25 years of experience teaching both financial and managerial accounting, and his current research focuses on the determinants of executive compensation in both for-profit and not-for-profit contexts and on issues surrounding the quality and announcement of earnings. Prior to entering academics, Baber worked as an auditor and consultant with Arthur Young and Company, now Ernst and Young, in Washington.

Baber received a Ph.D. from the University of North Carolina at Chapel Hill, an MBA from the University of Pittsburgh, and a B.S. from Bucknell University. His research has been published in a number of academic journals, including The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, and the Journal of Accounting and Public Policy.

About Georgetown University's McDonough School of Business
Georgetown University's McDonough School of Business is a premier business school in the nation's capital. Founded in 1957 to educate undergraduate business students through the integration of liberal arts and professional education, the school annually welcomes some 1,400 undergraduates, 1,000 MBA students, and 500 participants in its executive education programs. The school is named for Robert E. McDonough, a member of the Georgetown University class of 1949. For more information about Georgetown's McDonough School of Business, visit