Paglia: Why Small Business Can’t Get Financing


Bloomberg published an interview today with associate finance professor John Paglia about the twice-yearly industry survey conducted by the Pepperdine Private Capital Markets Project and his role as senior researcher.

Paglia answers a wide-breadth of business and investing questions, lending his expertise to topics including debunking misleading loaning trends, risk-averse banking, credit quality of loan seekers, and a decline in venture capitalism.

Says Paglia, “Captial sources are also becoming more risk-averse because of the hits they’ve taken recently. The survey shows that they are investing in later-stage companies and in companies in which they have deployed capital already. More than half—54 percent—of angels said they had funded fewer businesses in the past six months.”

[Full article]

Pepperdine economist David Smith Joins California Jobs Market Survey Live Webcast Sept. 1


Pepperdine University labor economist Dr. David M. Smith will be among the state’s leading jobs and economic experts joining a live webcast and reacting to new survey results on the state of California employment on Wednesday, Sept. 1 at 10 a.m. PDT. The Second Annual Labor Day Survey webcast pairs Dr. Smith, Associate Dean and Professor of Economics at the Graziadio School of Business and Management, with Jack Kyser, Chief Economic Advisor for the Southern California Association of Governments, career strategist Daisy Swan, and John Andrews, Regional Vice President, Everest College.

To listen live, Sept. 1 at 10 a.m. PST, please go to and click on the California Labor Day Survey link, or call 1-877-941-2333

Conducted by Harris/Decima on behalf of Everest College, Labor Day Survey was designed to determine the effects of the economy on workplace sentiment and how it is affecting those in search of jobs. The survey will reveal how Californians feel about the economy, job market and their careers, compared with how they felt at this time last year.

A labor economist with an applied focus, Dr. Smith’s expertise includes labor pay and productivity, forecasting, and analysis of specific labor markets. He has a leadership background in the insurance industry and has applied his research and expert knowledge in the service of various industries, specializing in the computer, financial services, medical, and non-profit sectors. Smith closely follows current economic trends and has appeared on radio and television and in several newspapers and magazines, including most recently the London Times, the Los Angeles Times, USA Today, the New York Times, and the Investor’s Business Daily.

2nd Annual California Labor Day Survey Results/Expert Panel Discussion


  • David Smith, Associate Dean and Professor of Economics at Pepperdine University
  • Jack Kyser, Chief Economic Advisor for the Southern California Association of Governments
  • Daisy Swan, Career Strategist, Daisy Swan & Associates
  • John Andrews, Regional Vice President, Everest College


  • Survey results issued – Wednesday, Sept. 1 at 8 a.m. PDT, via wire service, email
  • Live panel discussion – Wednesday, Sept. 1 at 10 a.m. PDT


To listen live, please go to and click on the California Labor Day Survey link, or call 1-877-941-2333. A replay of the panel will be available until Sept. 15, 2010 and can be accessed by visiting the California Labor Day Survey link located at or by phone at 1-800-406-7325 with access code 4346489.

Discover the Distinctive Leader In You


Distinctive Leadership 2015
By Linda A. Livingstone, Ph.D.

Warren Bennis, one of leadership’s most eminent thinkers, recently wrote that leadership is something many people aspire to, “(in) whatever role they actually play in life, because authentic leadership elevates whatever organization it is practiced in.” He goes on to say that the very quality of our lives depends on the quality of leadership—and the quality of the organizations and products they create.

We all have the capacity for leadership. Leaders are not an elite minority blessed with a special gene. Leaders are not so labeled because of a job title, wealth and fame, or the accolades of admirers. True leaders—authentic leaders–earn the mantle because of the achievement they inspire in other people and not the accomplishments they hoard for themselves. Leaders are always surveying the crowd, asking, “What can I do to help everyone I touch today reach their potential? How can I make a difference? How can I elevate my colleagues, my classmate, that stranger, and so forth?” Then, they act selflessly to ensure others shine. It is this remarkable affect that we must continuously aspire to discover within ourselves.

At the Graziadio School, our curriculum gives you a deeper understanding of your own values, so that you in turn may make decisions that better reflect your unique leadership style. Each step along your journey with us, every class, every project, is intended to encourage self –examination, challenge assumptions and evoke purposefulness. You may not always make the “right” decision, but we hope that those decisions arrive from awareness and thoughtfulness of their positive impact on others around you and society. By helping you to successfully anchor those decisions in the core values of integrity, stewardship, courage and compassion, we prepare you for the challenges of life and business as a values-centered leader.

The Graziadio School has always strived to be the “right fit” for those willing to risk themselves. If you are a student, you will find that essential call as you progress through the upcoming school year. Your professors will constantly push for you to risk yourself. As alumni, in the progress of life and professional excellence, willingness to risk yourself is an instilled learning and part of your DNA, hopefully fortified through your Graziadio School experience with a deeper understanding of your own values. Whether you are a current student or graduate, I challenge you to be a leader. Look at the people who surround you, listen with empathy and tell yourself, “Today it’s my job to inspire you.” Ask yourself, “How can I make a difference?” Then do it.

27 Graziadio Media Hits You May Have Missed This Summer

August 23, 2010
, Inside the Secret World of Trader Joe’s
“They see themselves as a national chain of neighborhood specialty grocery stores,” says Prof. Mark Mallinger.

August 13, 2010
Poets and Quants, How the MBA Applicant Pool Is Changing
International interest in Graziadio full-time programs increased for the second straight year, notes director of student recruitment Paul Pinckley.

August 12, 2010, 10 Tips for Recruiting at Business Schools
Nicole Hall, MBA ’05, Executive Director, Alumni and Career Services, advises MBAs on how to improve their employability while in school.

August 9, 2010
Los Angeles Times, Former Anthem Blue Cross president says she fought 39% rate hikes
Dean’s Executive Leadership Series address by Leslie Margolin is highlighted.

August 9, 2010
Pacific Coast Business Times, Cal Poly out, Pepperdine in: Santa Barbara will get first MBA classes in January
Pepperdine is set to win the race to open the first MBA program in the Santa Barbara area.

August 6, 2010
TechCrunch, VC Investment Moving From Silicon Valley to Where? Disneyland?
Prof. Paglia shares findings that indicated Southern California is a growing hotbed for investment.

August 6, 2010
TechCrunchTV, Show Us The Money
Prof. Paglia discusses the decentralization of venture funding in the U.S.

August 6, 2010, A Deeper Look At The Funding Landscape For Small Business
Asset-based lenders are attracting more interest from prospective borrowers, private capital study shows.

August 6, 2010
Going Concern, Willing But Not Always Able: The Latest on Small Business Lending
In the weak economic environment, the valuation of collateral is going down, said Prof. John Paglia.

August 4, 2010
Big Fat Finance Blog, The Lake Wobegon Effect
Private capital study shows both investors and business owners cautiously optimistic about the economy’s direction.

August 2, 2010
Los Angeles Business Journal, Credit Unions May Get More Work
Private capital study found that more than half of company owners said they cannot get the capital they need to grow.

August 1, 2010
Green Tech Media, Energy Efficiency: Where Angels Will Shine
Private capital survey illustrates angel investment’s importance to energy efficiency.

July 31, 2010
Ventura County Star, Simi Valley Miniature Golf Plan Not 100% Supported
Prof. Paglia speculates that a proposed mini-golf project could be a boon to the local economy.

July 28, 2010
Tire Review, Pepperdine Study Shows Depths of Biz Financial Crunch
Prof. John Paglia, who headed the study, businesses are frustrated in their efforts to expand and hire.

July 27, 2010
Los Angeles Times, Many Businesses Want To Expand But Lack Resources, Study Finds
40% of privately held businesses said they have the resources to grow, said Dr. John Paglia

July 27, 2010
Los Angeles Times, BP appears destined to get its first American CEO
Prof. Joe Hahn said American CEO appointee may prompt a culture change at BP.

July 26, 2010
Seattle Times, American Set To Take Over At BP Faces Big Task
Prof. Joe Hahn said American CEO appointee may prompt a culture change at BP.

July 26, 2010
BVWire News, Should a Private Cost of Capital Method replace CAPM and BUM?
Prof. Paglia is not comfortable with the theory that public company data can be substituted for private value.

July 24, 2010
Stillwater News-Press, Lessons Learned At Spears School Help Pepperdine Dean
Dean Livingstone discusses her hometown roots and influences.

July 20, 2010
OC Register, Maybe Call It The Alarm Bell
Pepperdine MBA student contributed to research investigating executive compensation of city officials.

July 20, 2010
KNBC-TV, California’s Oil Spill, BP and the Gulf Crisis
A guest on the morning program News Conference, Prof. Joe Hahn commented on BP’s Gulf oil spill and the prospects of oil in California.

July 20, 2010
Business News Daily, Lack of Funds Halts Half of Business Owners Growth Plans
Dr. John Paglia believes disparate economic outlook of business owner reflects self-sufficient nature of entrepreneurs.

July 19, 2010
Reliable Plant Magazine, Study Shows 78% Of Private Business Owners Have Solid Growth Strategy
Business owners feel constrained by access to financial capital, said Prof. John Paglia.

July 17, 2010
Los Angeles Times, Oil spill may cost BP far more than $20 billion
Prof. Joe Hahn said it is unknown that BP’s $20B fund will cover restitution costs.

July 16, 2010
Vault, Why You Should Study Abroad During Business School
The Graziadio School is among five MBA programs selected that offer strong study abroad opportunities, providing an international experience along with a U.S. degree.

July 12, 2010
Los Angeles Times, BP Stock Jumps On Plan To Sell Assets
Prof. Joe Hahn said stock sell probably will be the first of many sales.

July 14, 2010
OC Register, Aliso City Manager Gets 7.5 Percent Pay Bonus
Pepperdine MBA student contributed to research investigating executive compensation of city officials.

May 28, 2010
Medill Reports, U.S. Consumers Earned More, Saved More In April
Prof. David Smith said saving does not help the short term revitalization of the economy, but is good for the long term recovery.

Alumni Cultivating Community

Distinctive Leadership 2015

The following few articles testify to how graduates are making a difference and contributing to cultivating community, a key objective in the School’s five-year strategic plan Distinctive Leadership 2015. Alumni at the Graziadio School connect and engage with the school, and one another, on many levels and through a variety of opportunities.

Whether it is involvement in the Graziadio Alumni Network or returning to enrich the student experience in the classroom, alumni are actively finding ways to honor the ideals of the school through lives of purpose, service and leadership. These leaders make the Graziadio School more than a place and more than an experience. They make it a community with a life and vitality that continues beyond the day one is awarded a degree. They make it about people.

Alumni take on the role of ambassadors

When a prospective student wants to be part of the School, a business wants to hire a graduate, or an expert wants to join the faculty, they all make a brand choice. The perception of the experience and benefits that come from being part of the School influences those choices. Alumni who have lived the School experience and interact with the outside world directly impact what people know and how they feel about the School

Regional alumni councils leverage relationship

In 2005, the School launched three alumni councils to serve the 24,000 members in the regions with the highest concentration of alumni: Northern California, Orange County and Los Angeles County. “One alumni council to serve everyone did not position us to best meet the unique regional needs of our alumni,” says Nicole Hall, MBA ’05, executive director, Alumni and Career Services.

Captaining the Financial Helm of an Entertainment Empire

After attaining the simultaneous positions asDisney’s CFO and Director of International Business, David Hendler, MBA ’85, became finance chief at Warner Elektra Atlantic. In 2003 he joined Sony and today serves as the Senior Executive Vice President and CFO. In between times, he attained his degree, juggling fulltime employment and international travel – one of the many defining moments in his professional development.

Class Advisors Keep EMBA Students On Track

Larry Hebert, MBA ’92, a 17-year class advisor veteran at the School, is one of 11 advisors who make it their business to enhance students’ experience with Pepperdine and the EMBA program. “My 37 years of practical business experiences have been invaluable in my role as a class advisor,” he says. “When advising students about their professional careers, my experience provides me the foundation from which to make sound recommendations that have been tested over time.”

VIDEO: Summer Graduation Speakers Inspire

At summer commencement ceremonies on Saturday, August 14, graduation speakers Lynn Powers, PKE 83, MBA ’91, and Matthew Brewer, MBA 2010, attested to the transformative and affirming experience that earning their Pepperdine degrees held for them. Watch their address to new graduates.

Membership in the Graziadio Alumni Network is free to all graduates. For more information, call (310) 568-5639 or e-mail