Harri Ramcharran, Ph.D.

Harri Ramcharran, Ph.D.
Title: Professor
Dept/Program: Department of Finance
Office: CBA 226
Phone: (330) 972-6882
Email: ramchar@uakron.edu


  • Ph.D., State University of New York at Binghamton
  • M.A., State University of New York at Binghamton
  • B.S., Economics and Business, Mankato State College, Minnesota

Professional & Academic Experience

Academic Experience

  • The University of Akron, College of Business Administration, 1986 - Present
  • State University of New York, College of Fredonia, 1985-1986
  • University of the West Indies (Jamaica), 1982-1985
  • State University of New York, College at Cortland, 1978-1982

Teaching Interests

  • International Business Finance
  • International Banking
  • International Financial Markets and Investments
  • Techniques of Financial analysis
  • Multinational Corporate Finance

Research Interests

  • Emerging Equity markets performance



  • Harri Ramcharran, “E-Commerce Growth and the Changing Structure of the Retail sales Industry,” International Journal of E-Business Research, April – June 2013, Vol. 9, No. 2.
  • Harri Ramcharran, “Electronic commerce sales’ response to gasoline price,” International Journal of Electronic Finance, 2013, Vol. 7, Nos. 3/4, pp. 213 – 226.
  • "The Pharmaceutical Industry of Puerto Rico: Ramifications of Global Competition." Journal of Policy Modeling, (2011).
  • “Estimating the impact of Financial liberalization on equity returns in South East Asian markets” (with Doseong Kim). Multinational Business Review, Vol.16, 1, Winter 2008, 101-118.
  • “Estimating Efficiency in the Foreign Operations of the USA Legal services Industry”, International Business and Economics Research Journal, vol. 3, April 2004, 49-59.
  • “Stock Returns and Fundamental Variables in Emerging Equity Markets: Further Evidence”, Journal of Investing, Vol. 13, #1, Spring 2004, 45-56.
  • “Estimating the Impact of Risks on Emerging Market Performance: Further evidence on data from rating agencies”, Multinational Business Review, vol 11, Winter 2003, 77-90.
  • “Evaluating the Impact of Credit Risk on Emerging Market Stock Returns”, American Business Review, Volume XXI, June 2003, pp 81-87, (with Il Woon Kim).
  • “Firm Size and Executive Compensation,” Multinational Business Review, Vol. 10, Fall 2002, pp. 138-146.
  • “An Empirical Analysis of the P/E Ratio in Emerging Equity Markets,” Emerging Markets Review, Vol. 3, June 2002, pp. 165-178.
  • “Oil Production Reponses to Price Changes: An Empirical Application of the Competitive Model to OPEC and non-OPEC Countries,” Energy Economics, Vol. 24, 2002, pp. 97-106.
  • “OPEC’s production under fluctuating oil prices: further test of the target revenue theory” Energy Economics, vol. 23, 2001, pp. 667-681
  • “An Empirical Model of Dividend Policy in Emerging Equity Markets” Emerging Markets Quarterly, vol. 5, no.1, Spring 2001, pp. 39-49
  • “Estimating Productivity and Returns to Scale in the US Textile Industry” Empirical Economics, vol. 26, 2001, pp. 515-524
  • “The Determinants of Demand for Automobile Loans: An Empirical Analysis” Southern Business and Economic Journal, vol. 24, #1, Winter 2001, pp. 25-39
  • “Less Developed Countries Borrowing from the International Capital Markets: An Analysis of Country Risk” Global Business and Finance Review, vol. 4, #1, Spring 2001, pp. 23-36
  • “Productivity, Returns to Scale and the Elasticity of Factor Substitution in the U.S.A. Apparel Industry,” International Journal of Production Economics, Volume 73, #3,2001 pp.285-291
  • “The Impact of Bank Merger on Foreign Exchange Trading Income: A Study of Large US Banks” American Business Review, vol. XIX, #2, Spring 2001, pp. 13-19
  • “Inter-Firm Linkages and Profitability in the Automobile Industry: The Implications for Supply Chain Management” Journal of Supply Chain Management, vol. 37, #1, 2001, pp.11-18.
  • “Foreign Direct Investments in Central and Eastern Europe: An Analysis of Regulatory and Country Risk Factors” American Business Review, Vol. 18, #2, June 2000, 1-9
  • “The sensitivity of Foreign Exchange Trading Income to Exchange Rate Changes: A Study of Large U.S. Banks” Multinational Business Review, Vol. 8, Spring 2000, 39-50
  • “The Need for International Accounting Harmonization: An Examination and Comparison of the Practices of Russian Banks,” American Business Review, (Vol. XVII, Jan. 2000), 1-9
  • “Foreign Direct Investment and Country Risk: Further Empirical Evidence”, Global Economic Review, 1999, Vol. 28, #3, 49-60
  • “The Determinants of Secondary Market Prices for Developing Country Loans: The Impact of Country Risk,” Global Finance Journal, Vol. X, #2, 1999, 173-186
  • “U.S. Foreign Direct Investment Abroad: The Cheap Labor Motive Examined”, Global Business and Finance Review, Vol. 4, #2, Fall 1999, 65-71
  • “Trade Liberalization in Services: An Analysis of the Obstacles and the Opportunities for Trade Expansion by U.S. Law Firms,” Multinational Business Review. Vol. VII, #1 Spring 1999, 27-37
  • “International Bank Lending to Developing Countries: An Empirical Analysis of Country Risk,” Multinational Business Review. Vol. VII, #1 Spring 1999, 83-92
  • “Obstacles and Opportunities in International Trade in Accounting Services in an Era of Globalization,” American Business Review, Jan. 1999, 94-103

Research seminars/presentations

  • Market structure, Liquidity and the performance of Emerging Equity Market, Southwest Finance Association Meeting, March 9-12, 2011, Houston, Texas.
  • Estimating the production Efficiency of US Foreign Direct Investment, Eastern Finance Association Meeting, April 13-16, 2011, Savannah, Georgia.


  • Best paper award 'Estimating Efficiency in the Foreign Operations of the USA Legal services Industry', International Business and Economics Research Conference, Las Vegas, Nevada October, 2003.
  • Selected for Who's Who in Business Higher Education, July 2003.
  • Nominated for Outstanding Researcher Award, 2004 (The University Of Akron)
  • Invited to participate at the Oxford Round Table Conference, Oxford University, Aug. 2004
  • Finance Advisory Board Faculty Research Excellence Award, 1996-1997 academic year
  • Finance Advisory Board Faculty Research Excellence Award, 1994-1995 academic year
  • CBA Dean’s Research Incentive Award, 1997-1998
  • CBA Dean’s Research Incentive Award, 1996-1997
  • CBA Dean’s Research Incentive Award, 1995-1996