International Business

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Research & Publications

International business faculty stand out not only as dedicated teachers, but also as accomplished researchers—experts in their fields doing important work on current issues. Their research, covering topics such as Islamic finance and building doctoral programs in developing countries, appears in renowned academic journals on a regular basis. They also often work collaboratively with undergraduate students. As an international business student, you won’t just read about groundbreaking research in class, you’ll be part of it.

Faculty Research

Mitchell, M., Rafi, M. I., Severe, S., Kappen, J. A. Conventional vs. Islamic Finance: The Impact of Ramadan Upon Sharia-Compliant Markets. Organizations and Markets in Emerging Economies, 5(1).

The Islamic financial industry is growing at a rate 50% faster than that of conventional banking and is expected to be worth USD 2.1 trillion by the end of 2014. This rapid growth and institutionalization of an alternative financial market highlights a growing need to further investigate Sharia-compliant markets and how they compare with their conventional market counterparts. This paper investigates this broad relationship by focusing on the effects of Ramadan upon the performance of Sharia-compliant financial instruments. Specifically, we utilize an event-study methodology to compare the performance of Sharia-compliant stocks to their conventional counterparts across a large sample of countries and regions. We find strong evidence for a significant Ramadan effect within Muslim majority countries and regions. The effect is strongest in the days leading up to Ramadan, and also around the beginning of Ramadan’s third Ashra on the 20th day. This timing reflects the mental, emotional and practical preparations that individuals go through during the course of the month-long observance. These results are not consistent with traditional economic expectations and therefore reflect the unique socially-embedded nature of this emerging and religiously inspired financial system.   

Mitchell, M., Vandegrift, D., 2014. Student Perceptions of Internationalization, Multiculturalism, and Diversity in the Business School. Journal of Teaching in International Business, 25(1).

Over the last five decades, business schools all over the world have adapted their strategies for introducing the theoretical and pedagogical consequences of globalization. Educational institutions have gone to great lengths to internationalize their curricula to stay current with the most recent trends in the globalizing economy. As this evolution takes place, the issues of multiculturalism and diversity are increasingly included in the internationalization dialogue. In this article we use qualitative focus groups to examine how U.S. business students experience the relationships among internationalization, multiculturalism, and diversity. Next, we consider the role of international business faculty in addressing this issue. We conclude by offering recommendations for successfully integrating these perspectives into a coherent curriculum. 

Miller, C., Mitchell, M., Kappen, J., Banzuela-de Ocampo, M. 2014. Whither the Professor: Crafting a Viable Business Doctoral Program in a Developing Country. Journal of International Business Education 9(1).

Universities in many developing nations seek to enhance their business education programs to support their national economies. One problem often faced by such institutions is a shortage of fully trained doctoral faculty. This paper uses an institutional lens to identify and explore the material and non-material factors that have influenced the efforts of one private university in the Philippines to establish a doctoral program in business. Recommended strategies for addressing these challenges are provided.