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STEVE SAUERWALD
Department of Managerial Studies | University of Illinois at Chicago
601 South Morgan Street, 2210 UH | Chicago, IL 60607
Phone: (312) 996-4054
[email protected]
ACADEMIC APPOINTMENT
University of Illinois at Chicago, Assistant Professor of Management
8/2014 – Present
EDUCATION
University of Texas at Dallas, Richardson, TX
8/2010 – 5/2014
Ph.D. in International Management Studies
* Dissertation: “Board Social Capital, Proxy Advisors, and Board Information-Processing Capability”
* Visiting Scholar at Free University Berlin (Prof. Gregory Jackson), Spring 2013
University of Texas at Dallas, Richardson, TX
MBA with specialization in International Management (Fulbright Scholar)
2007 – 2008
Jena University of Applied Sciences, Jena, Germany
Diploma in Business Administration and Engineering
* Visiting DAAD Scholar at Clemson University, Clemson, SC, Fall 2005
2002 – 2007
RESEARCH INTERESTS
Strategic Management: Corporate governance; Shareholder activism; Executive compensation; Board
effectiveness; Leadership changes; Strategic alliances; Social responsibility
International Business: International comparative corporate governance; European business; Emerging
economies; Informal and formal institutions
PUBLICATIONS
Sauerwald, S., Lin, Z., & Peng, M.W. Board Social Capital and Excess CEO Returns. Strategic
Management Journal (forthcoming).
Peng, M.W., Mutlu, C.C., Sauerwald, S., Au, K., & Wang, D.L. Board Interlocks and Corporate
Performance Among Firms Listed Abroad. Journal of Management History (forthcoming).
Sauerwald, S., van Oosterhout, J., & van Essen, M., & Peng, M.W. (2015). Proxy Advisors as
Gatekeepers of Shareholder Dissent. Academy of Management Best Paper Proceedings of the 2015
Annual Conference in Vancouver, Canada.
Dess, G.G. & Sauerwald, S. (2014). Creating Value in Organizations: The Vital Role of Social Capital.
Organizational Dynamics, 43: 1–8.
Sauerwald, S. & Peng, M.W. (2013). Informal Institutions, Shareholder Coalitions, and PrincipalPrincipal Conflicts. Asia Pacific Journal of Management, 30(3): 853–870.
Peng, M.W. & Sauerwald, S. (2013). Principal-Principal Conflicts. In M. Wright, D.S. Siegel, K. Keasey,
and I. Filatotchev (eds.), The Oxford Handbook of Corporate Governance, 658-672. New York, NY:
Oxford University Press.
Sauerwald, S., Lin, Z., & Peng, M.W. (2013). Board Social Capital and Excess CEO
Compensation. Academy of Management Best Paper Proceedings of the 2013 Annual Conference in
Orlando, FL.
Steve Sauerwald
(Updated: April 7, 2015)
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Sauerwald, S., van Essen, M., & van Oosterhout, H. (2013). Shareholder Activism in Europe: Evidence
from Shareholder Dissent in France, Germany, and the U.K. Academy of Management Best Paper
Proceedings of the 2013 Annual Conference in Orlando, FL.
MANUSCRIPTS UNDER REVISION/REVIEW
Sauerwald, S., van Oosterhout, H., & van Essen, M. Towards a Political Understanding of Public
Shareholder Activism: Analyzing Shareholder Dissent in France, Germany, and the United Kingdom.
Status: 2nd R&R at Journal of Management Studies.
Zhu, H., Ma, X., Peng, M.W., & Sauerwald, S. Home Country Institutions and Post-Acquisition
Performance. Status: 2nd R&R at Journal of Management.
Su, W. & Sauerwald, S. Is Corporate Philanthropy an Agency Cost? The Moderating Role of Corporate
Governance. Status: 1st R&R at Business & Society.
Sauerwald, S., van Oosterhout, H., van Essen, M., & Peng, M.W. Proxy Advisors as Gatekeepers of
Shareholder Dissent. Status: Under review at Journal of International Business Studies.
Sauerwald, S., Heugens, P.P.M.A.R., & van Essen, M. (2015). Principal-Principal Relationships: Cost or
Benefit to Minority Shareholders? Status: Under review at Strategic Management Journal
CONFERENCE PRESENTATIONS / SYMPOSIA
1. Sauerwald, S., van Oosterhout, H., van Essen, M., & Peng, M.W. (2015). Proxy Advisors as
Gatekeepers of Shareholder Dissent. Academy of Management Annual Meeting, Vancouver, Canada.
(Nominated for the CGIO Best Paper in International Corporate Governance)
2. Sauerwald, S., Heugens, P.P.M.A.R., & van Essen, M. (2015). Principal-Principal Relationships: Cost
or Benefit to Minority Shareholders? Academy of Management Annual Meeting, Vancouver, Canada.
3. Sauerwald, S., van Essen, M., van Oosterhout, H., & Peng, M.W. (2014). Proxy Advisors as
Gatekeepers of Shareholder Dissent: A Multilevel Investigation. Academy of International Business
Southeast USA 2014 Annual Conference, Miami, FL
4. Sauerwald, S., van Essen, M., van Oosterhout, H. & Peng, M.W. (2014). Proxy Advisors as
Gatekeepers of Shareholder Dissent: A Multilevel Investigation of Influence and Effectiveness.
Strategic Management Society Annual Meeting, Madrid, Spain (Nominated for the Best Conference
Paper Prize for Practice Implications).
5. Sauerwald, S., van Oosterhout, H., & van Essen, M. (2014). Towards a Political Understanding of
Public Shareholder Activism. Academy of Management Annual Meeting, Philadelphia, PA (SIM
PDW Shareholder Empowerment)
6. Sauerwald, S., Lin, Z., & Peng, M.W. (2013). Board Social Capital and Excess CEO Compensation.
Strategic Management Society Annual Meeting, Atlanta, GA.
7. Sauerwald, S. & Peng, M.W. (2013). A Director Primacy View on CEO Dismissals. Strategic
Management Society Annual Meeting, Atlanta, GA.
8. BPS Dissertation Consortium (2013). Academy of Management Annual Meeting, Orlando, FL
(Roundtable discussion with Prof. Jordan Siegel).
9. Sauerwald, S., Lin, Z., & Peng, M.W. (2013). Board Social Capital and Excess CEO Compensation.
Academy of Management Annual Meeting, Orlando, FL (Winner, Distinguished Paper Award,
Academy of Management, BPS Division).
10. Sauerwald, S., van Essen, M., & van Oosterhout, H. (2013). Shareholder Activism in Europe:
Evidence from Shareholder Dissent in France, Germany, and the U.K. Academy of Management
Steve Sauerwald
(Updated: April 7, 2015)
Page 2 of 4
Annual Meeting, Orlando, FL (Finalist, CGIO Best Paper in International Corporate
Governance, Academy of Management, IM Division).
11. Su, W. & Sauerwald, S. (2013). Is Corporate Philanthropy an Agency Cost? The Moderating Role of
Corporate Governance. Academy of Management Annual Meeting, Orlando, FL (Winner, Best Paper
Award, Academy of Management, SIM Division).
12. Sauerwald, S., van Essen, M., & van Oosterhout, H. (2013). Shareholder Activism in Europe:
Evidence from Shareholder Dissent in France, Germany, and the U.K. Academy of International
Business Annual Meeting, Istanbul, Turkey.
13. Sauerwald, S., van Essen, M., van Oosterhout, H., & Peng, M.W. Proxy Advice and Shareholder
Dissent. Invited presentation at Erasmus University, Rotterdam, The Netherlands, May 14, 2013.
14. Sauerwald, S. & Peng, M.W. (2012). A Director Primacy View on CEO Dismissals. Academy of
Management Annual Meeting, Boston, MA (OMT).
15. Sauerwald, S. (2012). Informal Institutions and Tax Evasion. Academy of Management Annual
Meeting, Boston, MA (SIM).
16. Sauerwald, S. & Peng, M.W. (2011). How do Informal Institutions and Shareholder Coalitions
Influence Principal-Principal Conflicts? Academy of International Business Annual Meeting, Nagoya,
Japan (but unable to attend).
TEACHING INTERESTS & EXPERIENCE
Teaching interests in Strategic Management, International Business, Corporate Governance
Courses taught at University of Illinois at Chicago
 Competitive Strategy (undergraduate, capstone course), Fall 2015
a. “Instructor's overall teaching effectiveness”: 4.9 out of 5
b. “Overall quality of the course”: 4.5 out of 5
Courses taught at University of Texas at Dallas
 Strategic Management (undergraduate, capstone course), Spring 2014 (Average evaluation 4.8/5)
c. “Overall the course was excellent”: 4.8 out of 5
d. “Overall the instructor was excellent”: 4.9 out of 5
 Strategic Management (undergraduate, capstone course), Summer 2013 (Average evaluation 4.9/5)
a. “Overall the course was excellent”: 4.9 out of 5
b. “Overall the instructor was excellent”: 4.9 out of 5
 International Business (undergraduate, senior level), Summer 2011 (Average evaluation 4.8/5)
a. “The course as a whole was”: 4.7 out of 5
b. “The instructor’s effectiveness in teaching the subject matter was”: 4.9 out of 5
AWARDS AND HONORS
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Nominated for the UT Dallas Jindal School of Management PhD Student Teaching Award (2013)
PhD Scholarship & Graduate Research Assistantship, University of Texas at Dallas (2010-present)
Fulbright Scholarship, Sponsored by the Fulbright Commission (2007-2008)
Dean’s Excellence Scholarship, University of Texas at Dallas (2008)
DAAD Scholarship, Sponsored by the German Academic Exchange Service (2005)
Steve Sauerwald
(Updated: April 7, 2015)
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INDUSTRY EXPERIENCE
xact4u strategy consulting AG, Karlsruhe, Germany
Strategy Consultant
Carl Zeiss Meditec AG, Jena, Germany
Cost-benefit analysis of international expansion
Hewlett Packard GmbH, Jena, Germany
IT Management
2006 – 2007; 2009 – 2010
2005
2002 – 2004
ACADEMIC SERVICE AND AFFILIATIONS
Ad-hoc Reviewer for Journal of Management Inquiry
Ad-hoc Reviewer for Strategic Entrepreneurship Journal
Ad-hoc Reviewer for Journal of World Business
Ad-hoc Reviewer for Journal of Leadership and Organizational Studies
Ad-hoc Reviewer for AOM Annual Meetings & AIB Annual Meetings
Member of Strategic Management Society
Member of Academy of Management
2014 –
2013 –
2013 –
2012 –
2010 –
2012 –
2010 –
REFERENCES
Mike W. Peng
Jindal Chair of Global Strategy
Jindal School of Management
University of Texas at Dallas
Phone: (972) 883-2714
E-mail: [email protected]
Gregory G. Dess
Andrew R. Cecil Endowed Chair in Applied Ethics and Strategy
Jindal School of Management
University of Texas at Dallas
Phone: (972) 883-4439
E-mail: [email protected]
Zhiang (John) Lin
Professor
Jindal School of Management
University of Texas at Dallas
Phone: (972) 883-2753
E-mail: [email protected]
Seung-Hyun Lee
Associate Professor
Jindal School of Management
University of Texas at Dallas
Phone: (972) 883-6267
E-mail: [email protected]
OTHER
Languages: German (Native), English (Fluent)
German Citizenship
Steve Sauerwald
(Updated: April 7, 2015)
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