Department of International Economics and Management (INT)
Department of International Economics and Management (INT)
|
The Department of International Economics and Management was founded in 1932. It is primarily concerned with the analysis of the internationally oriented company and its adaptation to the constantly changing external environment, including international activities concerning goods, capital, human resources and knowledge. In both teaching and research, there is strong emphasis on the use of economic theory to elucidate problems of international business and related public policy issues. Research is carried out at the level of the company, the industry and the international business environment.
|
Highlights of 2005
Internationalisation:
- The rate of publication declined, but included important publications in top journals such as: Journal of International Business Studies, Management International Review, Journal of Corporate Finance, International Review of Law and Economics, China Quarterly, International Business Research, Journal of Management Studies etc.
- The Center for Corporate Governance (CCG) appointed Fellows from leading international universities, including Harvard, Yale, INSEAD and Kings College at the University of London
- The Center for East European Studies developed an Executive MBA programme under the Baltic Management Institute in Vilnius, Lithuania. That programme is organised by a consortium of leading European universities, including HEC, France; Louvain, Belgium; NHH, Norway, and Magnus Vytautas University in Kaunas, Lithuania. A similar programme was launched in September in cooperation with the School of Management, St. Petersburg State University
- The Asia Research Center (ARC) cooperated with Cambridge University and the ESADE Business School on the development of the China Executive Learning Programme (CELP), which was launched at CBS in November. In connection with this programme, the managers of the 142 largest Chinese enterprises will come to Cambridge University and CBS for 4-week training programmes over a five year period.
Partnership with the business community:
- With the arrival of adjunct professor Lars Nørby Johansen, who is chairman of the Center for Corporate Governance advisory board, the Department intensified its association with the Danish business community, e.g. through the launch of a new Danish Corporate Governance Code. Lars Nørby will take part in the fundraising for a new comprehensive project on "Danish Board Performance in a comparative perspective"
- INT attracted external funding from various foundations with a view to establishing a closer working relationship between the Department and Danish industry. Laurits Andersen's Foundation, Studie- & Understøttelsesfonden (the study and support foundation) of the Institute of State Authorized Public Accountants in Denmark and the Nordic Innovation Council concluded agreements with the Department in 2005
- At ARC, the above CELP programme involves large Western multinationals in a strategic dialogue on globalisation with Chinese leaders
- The Department further developed its Internship concept in 2005 by focusing on small enterprises and start-up companies: Internship in International Entrepreneurship. This concept programme strengthened CBS' connections and cooperation with that type of innovative enterprises
- In 2005, the Asia Business Forum consolidated its activities and membership and continued the development of its seminar and networking concept by way of intensified collaboration with leading sponsors.
The learning university:
- In 2005, the Asia Research Center continued its series of open seminars and lectures with foreign professors and ambassadors
- In January 2005, the Center for Corporate Governance was founded. Notably, the Center's external activities include the planning and implementation of a research conference in June under the heading: "Corporate Governance of closely-held firms"
- Based on the current research at the Department, innovative new courses of the MSc. programme in Economics and Business Administration were developed and taught in 2005, e.g. "Applied corporate finance and governance"
- In 2005, the Department worked closely with a considerable number (8) of international visiting professors (from the USA, Australia, China, Finland, Sweden and the UK) to enhance its already international orientation as regards to learning processes and new academic approaches.
Academic profile
The field of the Department of International Economics and Management includes not only management issues in connection with the organisation, management and strategic orientation of the international company, but also economic, political and cultural differences which influence and are influenced by such enterprises. By nature, the Department's research is interdisciplinary and multimethodical. The Department's research includes three core areas providing the framework for various groups of Department researchers:
(1) "Emerging Markets", primarily organised at the Asia Research Center (ARC) and the Center for East European Studies (CEES), which are affiliated to the Department.
(2) "Organization, Management, and Strategy in Multinational Firms" concerns the positioning of enterprises on foreign markets, the choice of market operation and involvement in strategic alliances and acquisitions.
(3) "International Corporate Governance" focuses on various aspects of management such as structures of ownership and executive boards and international variations in such structures.
Research strategy
The unifying principle of the Department across individual areas of interest and various theoretical approaches is the study of the international company. Today, the Department produces significant and interesting research, and it is its goal to reach a wider audience and to acquire more significance by disseminating research results more widely. This will be accomplished through a dialogue with the Danish business community and the international research community. In the latter context, the central position of several Department researchers as editors of important journals is a great asset to the Department.
Research results
An important Department production goal is the number of publications, especially in English-language journals, as these journals are the primary international discussion forums of leading researchers all over the world. The Department's objective is for as many members of its staff as possible to contribute to the fulfilment of this ambition. The dramatic decline in the publication rate in 2005 was caused by several INT researchers going on leave, having obtained good positions in other countries or being transferred to a new CBS research centre.
Figure 1: INT publications 2001 -2005
Research relations to practice
The Department's strong focus on the problems of the international companies forms the basis of a substantial affiliation to the Danish business community. Over the years, many working relationships have developed in the areas of education (the HD programme in Marketing/Foreign Trade, the MSc. programme in International Business and the Internship programme) and research (Asia Business Forum and the Corporate Governance network).
Figure 2 shows a decline in the total Department research funds due to the termination of a number of major Research Council projects. The Department will be dedicated to new initiatives in this field in the upoming period. The other areas, including external partnership funding etc., have developed satisfactorily and in line with the positive trend of recent years. The Department is hopeful of the initiatives launched to establish partnership relations with Danish enterprises in the form of academic dialogue and as a means to attract more external funds to the Department. The partnership activities are given high priority in terms of Department development and visibility to the Danish and international public.
Last updated by Communications & Marketing 17/10/2008
