Carlson School of Management

Paul Vaaler

Vaaler,Paul Martin

Associate Professor
Strategic Mgmt/Entrepreneurship
3-424 CarlSMgmt
612/625-4951
vaal0001@umn.edu


Professor Vaaler has been a member of the SME Department since 2007.  Prior to that he was on the faculty of Tufts University's Fletcher School of Law & Diplomacy and the University of Illinois (Urbana-Champaign) School of Business.  Professor Vaaler is also an affiliated member of the University of Minnesota Law School and Oxford University's Said Business School.  Professor Vaaler studies issues in strategic management and international business with special interests in risk and investment by firms and individuals doing business in emerging-market countries. He is the author and editor of books published by MIT Press and Kluwer Academic Publishers, and journal articles published in Academy of Management Journal, Economics Letters, Journal of International Business Studies, Journal of International Management, Journal of International Money and Finance, Journal of Management Studies, Organization Science, Review of Development Economics, Strategic Management Journal and other academic journals. He serves on the editorial boards of Academy of Management Journal and International Journal of Strategic Change Management.  He is Associate Editor of Academy of Management Perspectives and Co-Editor of the Social Science Research Network Global Business Issues electronic journal. Professor Vaaler is a lawyer with private practice and government experience. He received his B.A. in History from Carleton College, his M.A. in Philosophy, Politics and Economics from Oxford University where he studied as a Rhodes Scholar, his J.D. from Harvard Law School, and his Ph.D. from the University of Minnesota.

"How Well Do Supra-National Regional Grouping Schemes Fit International Business Research Models?"; Journal of International Business Studies, 44(5): 451-474 (2013).

"Credit Rating Agencies and Elections in Emerging Democracies: Guardians of Fiscal Discipline?", Marek Hanusch and Paul M. Vaaler, Economics Letters, 119: 251-254 (2013).

Immigrant Remittances and the Venture Investment Environment of Developing Countries," Paul M. Vaaler, Journal of International Business Studies, 42(9): 1121-1149 (2011).

"Are Technology-Intensive Industries More Dynamically Competitive? No and Yes," Paul M. Vaaler and Gerry McNamara, Organization Science, 21: 271-289 (2010).

"Residual State Ownership, Policy Stability and Financial Performance Following Strategic Decisions by Privatizing Telecoms," Paul M. Vaaler and Burkhard N. Schrage, Journal of International Business Studies, 40: 621-641 (2009).

"How Do MNCs Vote in Developing Country Elections?" Paul M. Vaaler, Academy of Management Journal 51: 21-44 (2008).

"Elections, Opportunism, Partisanship and Sovereign Ratings in Developing Countries," Paul M. Vaaler, Burkhard N. Schrage and Steven A. Block, Review of Development Economics 10(1): 154-170 (2006).

"Counting the Investor Vote: Political Business Cycle Effects on Sovereign Bond Spreads in Developing Countries," Paul M. Vaaler, Burkhard N. Schrage and Steven A. Block, Journal of International Business Studies, 36(1): 62-88 (2005).

"Crisis and Competition in Expert Organizational Decision Making: Credit Rating Agencies and Their Response to Turbulence in Emerging Economies," Paul M. Vaaler and Gerry McNamara, Organization Science, 15(6): 687-703 (2004).

"The Price of Democracy: Sovereign Risk Ratings, Bond Spreads and Political Business Cycles in Developing Countries," Steven A. Block and Paul M. Vaaler, Journal of International Money and Finance, 23(3): 917-946 (2004).

"Same as it Ever Was: The Search for Evidence of Increasing Hypercompetition," Gerry McNamara, Paul M. Vaaler and Cynthia Devers, Strategic Management Journal, 24(3): 261-278 (Selected by Emerald Management Reviews as one of the top 50 management research articles published in 2003) (2003).

Financial Innovations and the Welfare of Nations: How Cross-Border Transfers of Financial Innovations Nurture Emerging Capital Markets, Laurent Jacque and Paul M. Vaaler, eds., Kluwer Academic Publishers, Boston, MA (2001).

Creative Destruction: Business Survival and Success in the Global Internet Economy, Lee W. McKnight, Paul M. Vaaler and Raul Katz, eds., MIT Press, Cambridge, MA (2001); (paperback published by MIT Press) 2002; (Japanese edition published by Toyo-Kezai Press) (2003); (Chinese edition published by Central-South University Press) (2007).

Current Research Interests: Immigrants and venture investment in developing countries; elections and investment in emerging democracies; risk and capital structure in emerging-market investment projects

Editorial Appointments: Co-Editor, Social Science Research Network Global Business Issues electronic journal; Associate Editor, Academy of Management Perspectives; Editorial Review Board Member, Academy of Management Journal and International Journal of Strategic Change Management

Faculty and Administrative Appointments: Associate Professor, SME Department, University of Minnesota, 2007-Present; Faculty Affiliate, Law School, University of Minnesota, 2010-present

Honors and Awards: Visiting Research Fellow, Center for Business & Government, Kennedy School of Government, Harvard University, 2002-2003; James L. Paddock Best Teacher Award, Fletcher School of Law & Diplomacy, Tufts University, 2005; Incomplete List of Excellent Teachers, College of Business, University of Illinois at Urbana-Champaign, 2006-2007; Affiliated Faculty Member, University of Minnesota Law School, 2010-Present; Visiting Fellow, Saïd Business School, University of Oxford, 2010-2011; Sanjaya Lall Visiting Professor of Business & Development, Saïd Business School, University of Oxford, 2012; Affiliated Faculty Member, Saïd Business School, University of Oxford, 2012-Present; Best Paper Award, Academy of Management Annual Meeting, International Division, 2013.

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Education

Ph.D., 1997
Strategic Management & Organization
University of Minnesota

J.D., 1988
Law
Harvard University

M.A., 1985
Philosophy, Politics & Economics
Oxford University

B.A., 1983
History
Carleton College


Expertise


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