University of Arkansas

Walton College

The Sam M. Walton College of Business

Research: Strategy, Entrepreneurship and Venture Innovation

SEVI research emphasizes a collaborative and entrepreneurial mindset to create and share principled strategic and innovative knowledge that is impactful for scholars, practitioners, and other stakeholders.

Recent Research Highlights

Scott Borden and Taryn Mead recently had a paper titled “Rural Small and Medium Enterprises: Maximising the Value of Benefit Corporate Certification” in the International Journal of Rural Management.

Confessions of an Entrepreneur: Simple Wisdom for Starting, Building, and Running a Business, by Mark Zweig, SEVI Entrepreneur-In-Residence, was recently named the 2022 Entrepreneur­General book award winner and a finalist in the Start Up category from Goody Business Book Awards. The Goody Business Book Awards, sponsored by Goody PR, focuses on books that have a positive social impact and help others.

Walton College’s Graduate Entrepreneurship program was ranked 35th in The Princeton Review’s Rankings on our first time submitting for ranking consideration.

SEVI (with MGMT) was ranked 13th in publications/faculty member and 5th in the SEC for 2021 in the Texas A&M/University of Georgia MGMT research rankings.

Michael Cummings was the winner of the 2022 Responsible Research in Management Award by AOM Fellows and Responsible Research in Business and Management.

Michael Cummings received both a Pandemic Research Recovery Grant and, with Kristie Moergen, a Diversity & Inclusion Summer Research Grant in 2022. In 2022, Cummings was named winner of best paper, Entrepreneurship and Family Business Track, and winner of best paper with doctoral student coauthor, both from Southern Management Association.

Michael Cummings and Adrienne Callander received the 2021 Education and Teaching Schulze Research Award for their article “Building Bridges Between Artists and Business Entrepreneurs: Facilitating Creative Deviance.”

Recent Publications (2019-2022)

Borden, D.S., Mead, T., (2022). Rural Small and Medium Enterprises: Maximising the Value of Benefit Corporate Certification. International Journal of Rural Management. https://doi.org/10.1177/09730052221135942

Cummings, M., Eggers, JP., Wang, R., (2022). Monitoring the Monitor: Enabling Strategic Change When the Former CEO Stays on the Board. Long Range Planning. 55(3), 102130.

Callander, A., Cummings, M., (2021). Liminal Spaces: A Review of the Art in Entrepreneurship and the Entrepreneurship in Art. Small Business Economics. 57, 739-754.

Zandaam, A., Hasija, D., Ellstrand, A., Cummings, M., (2021). Founder and Professional CEOs' Performance Differences Across Institutions: A Meta-Analytic Study. Global Strategy Journal. 11(4), 620-655.

Cummings, M., Rawhouser, H, Vismara, S., Hamilton, E., (2020). An Equity Crowdfunding Research Agenda: Evidence from Stakeholder Participation in the Rulemaking Process. Small Business Economics, 54(4), 907-932.

Poliakova, E., Riddle, L., Cummings, M., (2020). Diaspora Investment Promotion via Public-private Partnerships: Case-Study Insights and IB Research Implications from the Succeed in Ireland Initiative. Journal of International Business Policy, 3, 23-37.

Rawhouser, H. Cummings, M., Newbert, S., (2019). Social Impact Measurement: Current Approaches and Future Directions for Social Entrepreneurship Research. Entrepreneurship Theory and Practice, 43(1), 82–115.

Rawhouser, H., Cummings, M., Hiatt, S., (2019). Does a Common Mechanism Engender Common Results?: Sustainable Development Tradeoffs in the Global Carbon Offset Market. Academy of Management Discoveries, 5(4), 514-529.

Cummings, M., Gamlen, A., (2019). Diaspora Engagement Institutions and Venture Investment Activity in Developing Countries. Journal of International Business Policy, 2(4), 289-313.

Gamlen, A., Cummings, M., Vaaler, P., (2019). Explaining the Rise of Diaspora Institutions. Journal of Ethnic and Migration Studies, 45(4), 492-516.

Tilton, J. Bilgili, H., Johnson, J., Ellstrand, A. E., (Forthcoming). Toward an Affect Based View of Principal-Agent Relationships. Journal of Leadership and Organizational Studies.

Bilgili, H., Bilgili, T. V., Ellstrand, A. E., (Forthcoming). Relationship Formation and Change in Ego Networks: A Regulatory Focus Framework. Group & Organization Management.

Bilgili, T. V., Bilgili, H., Ellstrand, A. E., Johnson, J. L., (Forthcoming). Peer Benchmarking and CEO Compensation: An Examination of Communities in the Peer Compensation Network. Corporate Governance: An International Review.

Bilgili, H., Johnson, J. L., Bilgili, T. V., Ellstrand A. E., (Forthcoming). Research on social relationships and processes governing the behaviors of members of the corporate elite: A review and bibliometric analysis. Review of Managerial Science

Guerber, A.J., Anand, V., Ellstrand, A.E., Waller, M.A., Reychav, I., (2020) Extending the situational crisis communication theory: The impact of linguistic style and culture. Corporate Reputation Review 23: 106-127.

Liou, R., Hasija, D., Ellstrand, A. E., (2020) Navigating the new normal: Political affinity and multinationals’ post-acquisition performance. Journal of Management Studies 57: 569-596.

Bilgili H, Campbell JT, O’Leary-Kelly A, Ellstrand A.E., Johnson J. L., (2020). On the role of CEO agency and discretion in the process of CEO retirement. Academy of Management Review – Dialogue 45: 243-246.

Bilgili, H., O’Leary-Kelly, A., Campbell, J.T., Ellstrand, A.E., Johnson, J.L., (2020). The final countdown: Regulatory focus and phases of CEO retirement. Academy of Management Review 45: 58-84.

Callery, P, Andrus, J., Grandy, J. (forthcoming). The uneven returns of transparency in voluntary nonfinancial disclosures. Organization & Environment.

Woo, H., Grandy, J., (2021). Nikola Motors: a Case Study in Bundling as a Market Entry Strategy. Journal of Business Strategy, 42(1):59-68.

Grandy, J., Hiatt, S., (2020). State Agency Discretion and Entrepreneurship in Regulated Markets. Administrative Science Quarterly, 65(4):1092-1131.

Quigley, T. J., Hill, A. D., Blake, A.B., Petrenko, O. V., (forthcoming). Improving our field through code and data sharing. Journal of Management

Chandler, J. A., Petrenko, O. V., Hayes, N., Blake, A.B., Aime, F. (forthcoming). Do the personal attributes of CEOs matter in the IPO pricing process? An examination of charisma and humility. Forthcoming at Strategic Entrepreneurship Journal.  

Waldron, T., McMullen, J., Petrenko, O. V., Trudell, L.T., Aronson, O. (forthcoming). Entrepreneur-investor rivalry over new venture control: The battle for Balcones Distilling. Journal of Business Venturing.  

Chandler, J.A., Doiguchi, T., Petrenko, O V., (forthcoming). Revisiting the effect of internationalization on firm governance: A replication and extension study. Management International Review.  

Recendes, T., Aime, F., Hill, A., Petrenko, O.V. (2022). Bargaining your way to success: Machiavellian CEOs and their effects on organizational costs and performance. Strategic Management Journal, 43, 2012-2041.  

Payne, G.T., Trudell, L.T., Moore, C.B., Petrenko, O.V., Hayes, N., (forthcoming). Ambiguous signals and information asymmetry in the IPO process: Examining ownership concentration, process time, and underpricing.  Group and Organization Management.  

Camara, A., Petrenko, O.V. (in press). The influence of diversity and employee relations on corporate philanthropy and performance. In press at Business and Society Review.   

Blake, A.B., Luu, V.H., Petrenko, O.V., Gardner, W. L., Moergen, K.J.N., Ezerins M.E., (in press). Let’s agree about nice leaders: A literature review and meta-analysis of agreeableness and its relationship with leadership outcomes. The Leadership Quarterly.    

Min, S. W., Humphrey, S. E., Aime, F., Petrenko, O.V., Quade, M. J., Fu, S., (2022). Dealing with New Members: Team Members’ Reactions to Newcomer’s Attractiveness and Sex. Journal of Applied Psychology, 107(7), 1115-1129.   

Chandler, J. A., Petrenko, O.V., Hill, A., Hayes, N. (2021). CEO Machiavellianism and strategic alliances in family firms. Family Business Review, 34(1), 93-115. 

 Petrenko, O.V., Aime, F., Recendes, T., & Chandler, J. A. (2019). The case for humble expectations: CEO humility and market performance. Strategic Management Journal, 40, 1938-1964.  

Payne, G.T., Petrenko, O.V., (2019). Agency theory in business and management research. In Oxford Research Encyclopedia of Business and Management. Oxford University Press.  

Hill, A., Petrenko, O.V., Ridge, J., & Aime, F. (2019). Videometric Measurement of Individual Characteristics in Difficult to Access Subject Pools: Demonstrating With CEOs. In Ketchen, D. and Bergh, D., eds: Research Methodology in Strategy and Management, 11, Emerald. 

Abdurakhmonov, M., Snider, R, Ridge, J.W., Hasija, D., (Forthcoming) Perceptions of Political Self-Dealing? An Empirical Investigation of Market Returns Surrounding the Disclosure of Politician Stock Purchases. Strategic Management Journal.  

Mbaraonye, I., Abdurakhmonov, M., Ridge, J.W., (Forthcoming) Swayed by prior interactions? How government contracting acts as a substitute for lobbying activity. Strategic Organization.

 Abdurakhmonov, M., Hasija, D., Ridge, J.W., & Hill, A.D., (2022) Maintaining or Altering the Status Quo in the Nonmarket Arena: Theory and Evidence from Governmental Contract Disputes. Organization Science.

Nalick, M., Kuban, S., Ridge, J.W., Bierman, L., Schijven, M., Zardkoohi, A., (2022) When Not One of the Crowd: The Effects of CEO Ideological Divergence on Lobbying Strategy. Journal of Management. doi:10.1177/01492063211073690

Corwin, E., Loncarich, H., Ridge, J.W., (2022). What’s It Like Inside the Hive?: Managerial Discretion Drives TMT Gender Diversity of Women-Led Firms. Journal of Management.

Abdurakhmonov, M., Ridge, J.W., Hill, A.D., Loncarich, H., (2022). Strategic Risk and Lobbying: Investigating Lobbying Breadth as Risk Management. Journal of Management.

Aime, F., Hill, A.D., Ridge, J.W., (2020) Looking for respect? How prior TMT social comparisons affect executives´ new TMT engagements. Strategic Management Journal.

Abdurakhmonov, M., Ridge, J.W., Hill, A.D. (2021). Unpacking Firm External Dependence: How Government Contract Dependence Affects Firm Investments and market Performance. Academy of Management Journal.

Nalick, M., Kuban, S., Hill, A.D., Ridge, J.W., (2020). Too Hot to Handle and Too Valuable to Drop: A Short- and Long-term view of firm reaction to political misconduct by exchange partners. Academy of Management Journal

Hersel, M., Helmuth, C., Zorn, M., Shropshire, C., Ridge, J.W., (2019). The Corrective Actions Organizations Pursue Following Misconduct: A Review and Research Agenda. Academy of Management Annals. 

Ridge, J.W., Ingram, A., Abdurakhmonov, M., Hasija, D., (2019). Market Reactions to Non-Market Strategy: Congressional Testimony as an Indicator of Firm Political Influence. Strategic Management Journal.

Hill, A.D., Recendes, T., Ridge, J.W., (2019). Second-order effects of CEO characteristics: How rivals’ perceptions of CEOs as submissive and provocative precipitate competitive attacks. Strategic Management Journal.  (Featured in the Harvard Business Review [online])

Abdurakhmonov, M., Bolton, J.B., Ridge, J.W., (2019). When the Cat’s Away, the Mice Will Play: A Model of Corporate Regulatory Compliance. Journal of Managerial Issues. (Featured in the Harvard Business Review [online])

Younger, S., Fisher, G., (2020). The Exemplar Enigma: New Venture Image Formation in an Emergent Organizational Category. Journal of Business Venturing, 35(1).

Sergent, K., Lee, D., Stajkovic, A., Greenwald, J.M., Younger, S., Raffiee, J., (2020). The Mitigating Role of Trait Core Confidence on Psychological Distress in Entrepreneurship. Applied Psychology, 70(3), 1128-1153.