umsl ibi news: spring 2011

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UMSL ranked in the top 20 best undergraduate International Business programs for the 8th consecutive year Global Learning IB students share their experiences abroad International Business Institute at the University of Missouri–St. Louis Spring 2011

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The International Business Institute at the University of Missouri–St. Louis publishes IBI News twice a year for alumni, friends, faculty, students and staff. The newsletter highlights the people and programs that make the institute great.

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Page 1: UMSL IBI News: spring 2011

UMSL ranked in the top 20 best undergraduate International Business programs for the 8th consecutive year

Global LearningIB students share their experiences abroad

International Business Institute at the University of Missouri–St. Louis Spring 2011

Page 2: UMSL IBI News: spring 2011

2

The International Business Institute at the University of Missouri–St. Louis publishes IBI News twice a year for alumni, friends, faculty, students and staff. The newsletter highlights the people and programs that make the institute great.

International Business Institute College of Business Administration University of Missouri–St. Louis 461 Social Sciences & Business Building 1 University Blvd. St. Louis, MO 63121-4400

314-516-4503 [email protected] ib.umsl.edu

Learning globally

Above: IB student Nathan Smith takes in the sights of Rome, including

the Coliseum, while experiencing Europe in March 2010 during his

internship in Krem, Austria.

Top right: A group of students from UMSL prepares to enter a market-

place through this gate in Japan last May.

Bottom right: IB student Jacquelyn Jones seems to be totally engulfed

by this leaf while hiking last June in Costa Rica.

On the cover: In May, IB student Rahul Molhotra snapped this photo

of a group of touring students taking in this panoramic view in Japan.

The Study Abroad program at the University of Missouri–St. Louis provides IB students the opportunity to experience the cultures and businesses of other countries. This learningexperience is essential to enhance our students’ ability to appreciate and thrive in the climate of international business.

Page 3: UMSL IBI News: spring 2011

International Business Institute Advisory BoardThe International Business Institute Advisory Board includes academic and business leaders–St. Louis-based and global. Board members represent companies of various sizes. This linkage is critical to the ongoing development of the International Business Degree programs at University of Missouri–St. Louis. Business members of the advisory board provide valuable input to the curriculum and intern-ships for international MBA students, and participate in classes and other forums to share their experience andknowledge with our students.

Tim Heard*Senior Vice President,Brown Shoe International

Benjamin HulseyPartner, Thompson Coburn LLP

Craig IngrahamInternational Counsel, Novus International

Michael KraniskyPresident, Unigroup Worldwide

Richard NavarrePresident and Chief CommercialOfficer, Peabody Energy

Timothy J. NowakExecutive Director, World Trade Center Saint Louis

Kei PangVice President International,Emerson Motor Corporation

Rodolfo RiveraDirector, Business Develop-ment, Fidelity Title International

Joseph RottmanDirector, International Business Institute, University of Missouri–St. Louis

Mike RussellManager, International Sales,Mark Andy Inc.

Jay Shekelton* President, H-J International, Inc.

Those are the three things it takes to sustain a nationally ranked international business program. The University of Missouri–St. Louis is fortunate to have all three of those components working in concertwithin its International Business Institute.As this issue of IBI News shows, each of those three parts has contributed to a year filled with many successes, not the least of which was our undergraduate program being ranked in the top 20 for the eighth consecutive year!

Our faculty have been nationally and internationally recognized for their accomplishments: Doug Smith and Tom Eyssell received a $1.13 million grant from the Federal Trade Commission; Janet Murray continues to lead the efforts of Women in the Academy of International Business; Mary Lacity presented a keynote address at the International Association of Outsourcing Professionals; UMSL and Michael Costello were recognized for their community outreach and awarded the Golden Plate award by the Old Newsboys Day organization; and in addition to the many papers published by our faculty in prestigious journals, Gerald Gao and Janet Murray won the Best Paper Award in the Global Marketing Track at the American Marketing Association’s conference.

Our students continue to excel both in and out of the classroom. The International Business Career Conference (designed and managed by the International Business Honor Society and International Business Club) attracted a record number of participants and distinguished speakers. The interns in our undergraduate and International Masters of Business Administration programs continued to provide significant value to their employers and succeed in their new careers.

And finally, our International Business Advisory Board utilized its expertise and resources to improve international business education. In 2010, executives from the board were guest lecturers in many classes, conducted a detailed curriculum review, and more than tripled their financial support of the university’s international business program. Our board continues to grow, with representation from small, medium and large companies from St. Louis and the region.

It has been a great year for the International Business Institute and all signs point to an even better year in 2011. As we continue to lead the institute’s efforts, we are grateful to the faculty, students and board members who have contributed to its success.

Great faculty, great students, great advisory board

Torbjorn “Turbo” SjogrenVice President, InternationalSupport, Systems Global Services and Support, BoeingIntegrated Defense Systems

Augustine VinhPresident and Chief ExecutiveOfficer, Stellar ManagementJoint Stock CompanyHanoi, Vietnam

Gary WidemanExecutive Director and Branch Manager, UBS Financial Services Inc.

Keith WomerDean, College of Business Administration, University of Missouri–St. Louis

Lenore K. Albee General Manager, Perficient

Deborah K. BaldiniAssociate Dean, Continuing Education, and Teaching Professor In Spanish, University of Missouri–St. Louis

Chad Bockert*Director, Corporate BusinessDevelopment, World Wide Technology

Steve BurrowsDirector, Board Developmentand Executive Outreach, International Business Institute, University of Missouri–St. Louis

Ross BushnellSenior Vice President, Salesand Marketing, Silgan PlasticsCorporation

Michael CostelloAssistant Teaching Professor,College of Business Administration, University of Missouri–St. Louis, andFounding Member, Agreeco, LLC

Gilles CottierPresident, Research and Essen-tials, Sigma-Aldrich Corporation

Thomas EyssellAssociate Dean and Director of Graduate Studies, College of Business Administration, University of Missouri–St. Louis

Norihito FuruyaChief Executive Officer, IGB Networks Co., Ltd.Tokyo, Japan

Joel GlassmanAssociate Provost, AcademicAffairs, and Director, Center for International Studies, University of Missouri–St. Louis

Michael HackettPresident, Hackett Security Incorporated

Sean HaneberyBusiness Development Associate, Nies/Artcraft Company

Joseph Rottman Director, International Business Institute

Steve Burrows Director, Executive Outreach, International Business Institute

*new board member

International Business Institute 3

Page 4: UMSL IBI News: spring 2011

4

UMSL scholar co-sponsors networking reception at AIB annual meetingJanet Y. Murray, the E. Desmond Lee Professor for Developing Women Leaders and Entrepreneurs in International Business and professor of marketing at the University of Missouri–St. Louis, is serving a two-year term as president of Women in the Academy of International Business. In June, she co-sponsored the WAIB networking reception at the 2010 Academy of International Business Annual Meeting in Rio de Janeiro, Brazil, and helped organize three WAIB panels.

The three WAIB panels consisted of deans, prolific researchers and top Brazilian executives. Murray and Susan F. Gupta, assistant professor of marketing at MonmouthUniversity in West Long Branch, N.J., served as co-chairs of the first panel, “How to Find Co-Authors, Building Your Research Network.” Three prolific senior researchers, one mid-career, and one junior faculty member provided an interactive discussion on how they had built their research networks, and gave advice on successful networking strate-gies, as well as on avoiding the pitfalls faced by researchers in international business.

Murray and Betania Tanure, professor of organizational behavior at Pontifical Catholic University in Brazil, co-chaired the second panel, “Women in Business: Challenges and Opportunities.” One researcher and two top Brazilian executives led the discussion by providing professional guidance on the challenges and opportunities faced by women in international business, both from the academic and managerial perspectives.

The third panel was titled “Academic Mentors for Women – The Good, the Bad and the Ugly. How do the Relationships Differ for Women?” Panelists discussed the topic both from the mentors’ and mentees’ perspectives. The panelists brought their experi-ences and expertise in sharing what they had learned and the keys to a successful mentoring relationship.

Women in the Academy of International Business was established in November 2001 within the Academy of International Business. It is a women’s networking group with 1,400 members worldwide. Its goals are to encourage networking among women faculty, administrators and PhD students in international business studies, to offer one-on-one mentoring by linking female junior faculty and doctoral students with senior women faculty, and to encourage research on gender-related issues in international business.

NETWORKING

RECEPTION

The panel discussion,

"Women in Business:

Challenges and Opportunities,"

was part of the Women in the

Academy of International

Business networking reception

at the 2010 AIB annual meeting

in Rio de Janeiro. Participants

were (from left): Chieko Aoki,

Janet Murray, Betania Tanure,

Antônio Carvalho Neto,

Françoise Trapenard, and

Maria Tereza Leme Fleury.

[Photo courtesy of AIB]

“The event was

an ideal mix of

learning and

networking

opportunities.” — Joseph Rottman

Student Focus

Launching Tomorrow's Global LeadersThe International Business

Institute and the International

Business Honor Society at the

University of Missouri–St. Louis

held the third-annual International

Business Career Conference on

Feb. 25.

“The event was an ideal mix of

learning and networking opportu-

nities,” said Joseph Rottman,

associate professor of information

systems at UMSL and director of

the institute. “Participants were

able to interact with organization

executives, career professionals

and academic leaders who ad-

dressed the concerns of today’s

students preparing to enter the

international business work

force.”

The conference was titled

“Launching Tomorrow’s Global

Leaders” and included panel

discussions. Business executives,

professionals and industry experts

led the conference, which was

open to college students from

across the St. Louis area.

Page 5: UMSL IBI News: spring 2011

IBI fellow, associate awarded $1 million grant to study credit agencies

IBI fellow gives presentation at Outsourcing World SummitMary C. Lacity [pictured], professor of informa-tion systems at the University of Missouri–St. Louis, gave a main-session presentation Feb. 23 at the 2011 Outsourcing World Summit in Indian Wells, Calif. In “What Your SuppliersWould Tell You if They Could,” Lacity reported on her recent work and findings from 20 years of research on client-supplier relationships. She focused on what clients can learn from suppliers when they build strong collaborative relationships and look to achieve mutual business leverage. She spelled out the adviceclients are missing, organizing the advice into 10 major lessons clients can learn from suppliers.

The 2011 Outsourcing World Summit was produced by the International Association of Outsourcing Professionals. Lacity’s co-author was Leslie P. Willcocks, professor of technology work and globalization at The London School of Economics and Political Science.

More than 50 of Lacity’s papers have appeared in leading publications, and she’s written or edited 12 books, most recently “China’s EmergingOutsourcing Capabilities” (Palgrave, 2010) with co-editors Leslie Willcocks and Yingquin Zheng.

International Business Institute 5

The University of Missouri–St. Louis Center for Business and Industrial

Studies, directed by L. Douglas Smith [pictured], has been awarded

$1.13 million from the U.S. Federal Trade Commission to conduct a

national study on the accuracy of information maintained by the major

U.S. credit reporting agencies.The study uses a formal procedure for resolving alleged errors under the Fair Credit Reporting Act and will provide valuable information on the workings of the FCRA dispute resolution process.Further, the study will provide anonymous, but detailed, information on credit usage and paymentbehavior that will help the researchers consider how consumers may best be educated to usecredit responsibly and help protect themselves against abusive lending practices.

Smith, professor of management science at UMSL, and Thomas Eyssell, associate dean and director of the college’s registered Financial Planning program, are collaborating with colleagues at the University of Arizona in Tucson, Fair Isaac Corporation and the U.S. Federal Trade Commis-sion, to conduct the study.

“We are extremely pleased to be executing this study in collaboration with Professor Mike Statenand his team of researchers at the University of Arizona, and also with professionals at Fair IsaacCorporation,” Smith said. “They have worked with us over the past five years on two pilot studiesfor the FTC to develop and test the research methodology. With collaborations of this nature, weprovide a rich blend of talents for our sponsored research.”

The university research teams conduct in-depth reviews of consumer credit reports in telephone interviews with study participants and work with analysts at FICO to determine the impact of alleged errors on the participants’ credit scores.

“Virtually all of us are affected by consumer credit scores in our financial lives,” Eyssell said.“These scores are used not just to determine the terms of mortgages and consumer credit; theyhave also been used in some employment decisions and in setting discounts for insurance.”

Maureen Karig, senior research associate with the Center for Business and Industrial Studies atUMSL, and student research assistants Justin Antonacci, Jennifer Holmes, Aicha Liesenfeld andLeonardo Severino are educating consumers in credit-related matters as they gather the researchdata for the study.

“I have been extremely impressed with the team of students we have – from both the College of Business Administration and the School of Social Work – working on this national study,” Karig said. “It is a tremendous opportunity for them to engage with university faculty, business professionals and U.S. consumers, while investigating a critical element of today’s financial environment.”

Page 6: UMSL IBI News: spring 2011

6

Michael J. CostelloAssistant Teaching Professor of Legal Studies

Received a fellowship for the study of comparative legal systems in the Arab Gulf countries. Presented with the Golden Plate Awardfor his efforts with the Old Newsboys Campaign.

Hung-Gay FungDr. Y.S. Tsiang Professor in Chinese Studies

“Reported Trade Figure Discrepancy, Regulatory Arbitrage, and Round-tripping: Evidence from the China-Hong Kong Trade Data,” with J. Yau, Journal of International BusinessStudies, 2010. “On the Rela-tionship Between Asian Credit Default Swap and Equity Markets,” with J. Chan, Journal of Asian Business Studies, 2009, 4(1), 2-11.

Gerald GaoAssistant Professor of Marketing

“A ‘Strategy Tripod’ Perspective on Export Behaviors: Evidence fromFirms Based in an EmergingEconomy,” with Janet Y. Murray, Masaaki Kotabe and Jiangyong Lu, Journal of International BusinessStudies, 41(3), 377-396 (2010).Received 2010 Douglas E. Durand Award for ResearchExcellence. Won 2010 BestPaper Award, the Global Marketing Track, AmericanMarketing Association, Summer Educator’s Conference.

Mary LacityProfessor of Information Systems

China’s Emerging OutsourcingCapabilities, with Willcocks,L., and Zheng, Y. (editors), Palgrave, London (2010). “A Review of the IT Outsourc-ing Empirical Literature andFuture Research Directions,”with Khan, S., Yan, A., andWillcocks, L., Journal of Information Technology, Vol. 24, 4, pp. 395-433 (2010).“Field of Dreams: Building ITCapabilities in Rural Amer-ica,” with Rottman, J., andKhan, S., Strategic Outsourc-ing: An International Journal,Vol. 3, 3., pp. 169-191 (2010).

Bindu AryaAssistant Professor of Management

“Institutional Reforms and Investor Reactions to CSR Announcements:Evidence From an Emerg-ing Economy,” withGaiyan Zhang, Journal of Management Studies,2009, Vol. 46 (7), 1089-1253.

James CampbellProfessor of ManagementScience and InformationSystems

“Optimal Arrangements forAssembling a Network in anEmergency,” Proceedings ofthe 44th Hawaii International Conference on System Sciences (HICSS-44), IEEEComputer Society, January2011. “Teaching Supply Chainand Logistics ManagementThrough Commercial Soft-ware,” with D.C. Sweeney II and R.A. Mundy, Interna-tional Journal of LogisticsManagement 21, 293-308,2010. “Hub Location for Time Definite Transporta-tion,” Computers & Operations Research 36,3107-3116, 2009.

Timothy FarmerAssociate Professor of Accounting

“Associations betweenEpistemological Beliefsand Moral Reasoning:Evidence from Account-ing,” with N. Mintchik,Journal of BusinessEthics, 84 (2), 259-275,2009.

IBI RESEARCH ASSOCIATES

IBI receives Hall of FameAward from Old Newsboys Day board

The International Business Institute at the Universityof Missouri–St. Louis received a Golden Plate Hall of Fame Award Feb. 5, 2011, during the 10th annualOld Newsboys Day Golden Plate Hall of Fame Award Dinner. Michael Costello, assistant teaching professor of finance and legal studies who serves as UMSL’s faculty liaison to the annual Old News-boys Day campaign, accepted the award. Presentedby the Old Newsboys Day Board of Directors, theaward is given to organizations for outstanding par-ticipation in the annual children’s charity campaign.

Students and faculty in the International BusinessInstitute have participated in the campaign for sev-eral years, and this year they took their participationa step farther with a 6-foot-wide wooden replica[pictured] of an airplane. The model was commis-sioned by local artist Chris Carter to representUMSL’s international business students’ dedica-tion to the community and the campaign’s support of children.

The collection box next to the replica, which wasunveiled Nov. 8 at the Millennium Student Center at UMSL and then spent a few weeks at Lambert-St. Louis International Airport, allowed for early donations leading up to the campaign held on Nov.18. Faculty and students raised more than $2,000 this year, setting a new record for UMSL.

“My goals for teaching in our top-20 ranked interna-tional business program are to prepare our studentsto be globally aware, ethically motivated leaders and engaged in their community,” Costello said.“Partnering with the Business Leadership Team of Old Newsboy Day exposes our students to simi-larly committed business leaders who recognize the need to share their blessings to make St. Louis a better community for all of us.”

IBI FELLOWS

Page 7: UMSL IBI News: spring 2011

Janet MurrayE. Desmond Lee Professorfor Developing Women Leaders and Entrepreneursin International Business

“Managerial Ties, KnowledgeAcquisition, Absorptive Capacity and New ProductDevelopment Performance of Emerging MultinationalCompanies: A Case of China,”with Masaaki Kotabe, andCrystal X. Jiang, Journal ofWorld Business, 46 (2) (2011).“Productivity of International Business Researchers: A GenderAnalysis,” with Chan, J., and Fung, H.-G., Journal of the Academy of Business Education Executive, 11(Fall),pp. 131-156 (2010).

David RonenProfessor of Logisticsand Operations Management

“The Effect of Oil Price on ContainershipSpeed & Fleet Size,” Journal of the OperationalResearch Society, 2011,62(1), 211-216. Recipient of the Goodeve Medalon Nov. 3, 2009, at the Royal Society, London,England.

Joseph RottmanAssociate Professor of Information Systems

“Field of Dreams: Building IT Capabilities in Rural America,” with Lacity, M., and Khan, S., Strategic Outsourcing: An InternationalJournal, Vol. 3, 3., pp. 169-191(2010). “A Review of RecentTrends in Global Sourcing ofIT and Services,” with Oshri, I., Kotlarsky, J., and Willcocks,L., Information Technologyand People, Vol. 22, 3 (2009).Presentation: “Rural Out-sourcing,” with Mary C. Lacity, Dean's Business and Breakfast, College ofBusiness, UMSL, Dec. 2, 2010.

L. Douglas Smith Professor of Management Science

“An optimizing heuristic for managing traffic flow at choke points in rivertransportation systems,” In collaboration with R.Nauss and German colleagues at Braun-schweig Technical Institute,presented at the SeventhTriennial Symposium onTransportation Analysis in Tromso, Norway. Two papers from this collabora-tion are scheduled to appear in upcoming issues of Transportation ResearchPart E: Logistics and Trans-portation Review and Computers and Industry.

Elizabeth W. ViningAssistant Teaching Professor of Marketing

Received a $3,000 grant to participate in the Faculty Develop-ment International Business program in Brussels, Belgium. This prestigious program coordinates the efforts of faculty in international business programs world-wide to improve IB instruction.

Ekin PellegriniAssistant Professor of Management

“Measurement invariance in mentoring research: A cross-cultural examinationacross Taiwan and the U.S.,”with Hu, C., and Scandura, T. A., Journal of VocationalBehavior (in press). “Cross-cultural generalizability of paternalistic leadership: An expansion of leader-member exchange theory(LMX),” with Scandura, T. A.,and Jayaraman, V., Group and Organization Management,35(4), 391-420 (2010).

D.A. WeiseAssociate Professor of Finance

“How Much Is TooMuch? The Case of the Anheuser-Busch/InBev Takeover,” The International Review of Accounting, Bankingand Finance, Spring 2010 Volume 2 No. 1, pp. 22 – 30.

Natalia MintchikAssociate Professor of Acco unting

In December 2010, passed the examination to become a certified information systems auditor. “Accounting Executives and IT Outsourc-ing Recommendations: An Experimental Study of the Effect of CIO Skills and Institutional Isomorphism,” with J. Blaskovich, in Journal of Information Technology, |forthcoming. “Information Technology Outsourcing: A Taxonomy of Prior Studies and Directions for Future Research,” with J. Blaskovich, Journal of Information Systems.

Kenny OhAssistant Professor of Management

“Why do firms bribe? Insights from residualcontrol theory into firms’ vulnerability andexposure to corruption,” with S. Lee and L. Eden,Management Interna-tional Review, 2009. “Institutional transitionsand firms’ political be-haviors,” Best PapersProceedings, AnnualMeetings of the Acad-emy of Management,Chicago, 2009. “Institu-tions and the productscope of the firm,” with Lee, S., Academy of Management AnnualMeeting, Chicago, Aug.7-11, 2009.

Rajiv SabherwalCurators’ Professor of Information Systems

“A Taxonomy of PoliticalProcesses in Systems Development,” with V. Grover, Information SystemsJournal, 20 (5), 2010: 419-447. Recipient of National ImpactAward at the Gateway to Innovation Conference, St. Louis, 2010. Fulbright-Queen’s School of BusinessResearch Chair of knowledgemanagement at Queen’sSchool of Business for 2009-2010, November 2010.

Gaiyan ZhangAssociate Professor of Finance

“Information Transfer Effects of Bond Rating Downgrades,”with Philippe Jorion, FinancialReview, 2010, Vol. 45, 683-706.“Do Credit Default Swaps Pre-dict Currency Values: Evidencefrom the U.S. and European CDS Indices,” with Jot Yau and Hung-Gay Fung, Applied Financial Economics, Vol. 20(6),March, 439-458. “Credit Conta-gion from Counterparty Risk,”with Philippe Jorion, Journal of Finance, Vol. 64 (October),2053-2087. Also summarized in CFA Digest, February 2010,Vol. 40, No. 1. Also included asbook chapters in Lessons fromthe Financial Crisis: Causes,Consequences, and Our Eco-nomic Future (Hoboken, N.J.:John Wiley & Sons Inc.) 2010.

Ray MundyBarriger Endowed Professor of Trans-portation and Logistics

“Teaching Supply Chainand Logistics Manage-ment Through Commer-cial Software,” with D.C. Sweeney II and J.F.Campbell, InternationalJournal of LogisticsManagement 21, 293-308, 2010.

International Business Institute 7

Page 8: UMSL IBI News: spring 2011

17. Brigham Young University-Provo, Provo, UT

University of North Carolina-Chapel Hill,Chapel Hill, *

University of Oklahoma, Norman, OK*

Michigan State University, East Lansing, MI*

22. Indiana University-Bloomington, Bloomington, IN*

Washington State University, Pullman, WA*

24. American University, Washington, DC

Massachusetts Institute of Technology, Cambridge, MA

University of Miami, Coral Gables, FL

University of Virginia, Charlottesville, VA*

UMSL Undergraduate IB Programranked in TOP 20 for EIGHT consecutive years!

Undergraduate Business Specialties: International Business

1. University of South Carolina, Columbia, SC*

2. New York University, New York, NY

3. University of Pennsylvania, Philadelphia, PA

4. University of Michigan-Ann Arbor, Ann Arbor, MI*

University of Texas-Austin, Austin, TX*

6. University of Southern California, Los Angeles, CA

7. George Washington University, Washington, DC

Georgetown University, Washington, DC

9. Temple University, Philadelphia, PA*

University of California-Berkeley, Berkeley, CA*

University of Washington, Seattle, WA*

12. Saint Louis University, St. Louis, MO

13. Northeastern University, Boston, MA

San Diego State University, San Diego, CA*

15. Florida International University, Miami, FL*

University of Hawaii-Manoa, Honolulu, HI*

20. University of Missouri–St. Louis*

* denotes a public school.

Non profit org

U.S. postage

paid

St. Louis, MO

Permit No.3

International Business InstituteCollege of Business AdministrationUniversity of Missouri–St. Louis461 Social Sciences & Business Building1 University Blvd.St. Louis, MO 63121-4400110124.01.1500.2/11sm