Directory

Directory

Peter Klein

Professor - Entrepreneurship

Contact Information

Email:  Peter_Klein@baylor.edu
Homepage:  http://baylor.edu/peter_klein/
Campus Phone:  (254) 710-4903
Mailing Address:  One Bear Place #98011
Waco, TX  76798-8011
Office Location:  Foster Business and Innovation 210.43

Educational Background

  • PHD - Economics, Univ Calif Berkeley
  • BA - Economics, Univ North Carolina Chapel Hl

Work Experience

  • Director, Entrepreneurship Ph.D. Program, Baylor University (August 15, 2017 - Present)
  • W.W. Caruth Chair, Baylor University (August 15, 2017 - Present)
  • Professor, Baylor University (August 15, 2015 - Present)
  • Senior Fellow, Baugh Center for Entrepreneurship and Free Enterprise, Baylor University (2015 - Present)
  • Carl Menger Research Fellow, Mises Institute (2012 - Present)
  • Adjunct Professor, Norwegian School of Economics (2009 - Present)
  • Assistant, Associate, and Full Professor, University of Missouri (2002 - 2015)
  • Senior Economist, Council of Economic Advisers (2000 - 2001)
  • Assistant Professor, University of Georgia (1995 - 2002)

Awards and Honors

  • Outstanding Faculty Award (Scholarship), 2017-18, Baylor University (May 2018)
  • Brent Clum Outstanding Research Award, Hankamer School of Business (2016)
  • Honorary Professor, Beijing Information Science and Technology University (2015)
  • Best Book Award, Foundation for Economic Education (2014)
  • Best Paper Award, Association of Private Enterprise Education (2010)
  • Best Paper Award, European Management Review (2010)
  • TIAA-CREF Outstanding Paper Award, Eastern Finance Association (2010)
  • Distinguished Paper Award, Academy of Management (2005)

Professional Memberships

  • Academy of Management
  • Society for Institutional and Organizational Economics
  • Strategic Management Society

Biography

Peter G. Klein is W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University and Senior Research Fellow with the Baugh Center for Entrepreneurship & Free Enterprise. He is also Adjunct Professor of Strategy and Management at the Norwegian School of Economics and Carl Menger Research Fellow at the Mises Institute. Peter has also held faculty positions at the University of Missouri's Division of Applied Social Sciences, the Copenhagen Business School, the University of Georgia’s Terry College of Business, and Washington University’s Olin Business School. He holds an Honorary Professorship at the Beijing University of Information Science and Technology. He received a PhD in economics from the University of California, Berkeley and a BA from the University of North Carolina, Chapel Hill.

Peter’s research focuses on the links between entrepreneurship, strategy, and organization, with application to innovation, diversification, vertical coordination, health care, and public policy. His work has appeared in Organization Science, Strategic Entrepreneurship Journal, Journal of Management, Managerial and Decision Economics, Strategic Organization, Journal of Industrial Economics, Rand Journal of Economics, and other outlets. Peter’s 2012 book Organizing Entrepreneurial Judgment (Cambridge University Press, with Nicolai Foss) received the 2014 Best Book Award from the Foundation for Economic Education. He has also received Best Paper awards from the Journal of Private Enterprise Education and the European Management Review.

He is Associate Editor of the Strategic Entrepreneurship Journal and Associate Editor for the Academy of Management Perspectives.

Publications

Basic or Discovery Scholarship

"The Context of Entrepreneurial Judgment: Organizations, Markets, and Institutions," Journal of Management Studies, (October 2018) (coauthors: Nicolai Foss, Christian Bjørnskov).

"Learning by Seconding: Evidence from NSF Rotators," Organization Science, (September 2018) (coauthors: Christos Kolympiris, Sebastian Hoenen).

"Socio-cognitive traits and entrepreneurship: The moderating role of economic institutions," Journal of Business Venturing, (August 2018) (coauthors: Boris Nikolaev, Christopher Boudreaux).

"Uncovering the Hidden Transaction Costs of Market Power: A Property Rights Approach to Strategic Positioning," Managerial and Decision Economics, Vol. 39, No. 3, (April 2018), pp. 306-319 (coauthors: Kirsten Foss, Nicolai Foss).

Stakeholders and Corporate Social Responsibility: An Ownership Perspective: Emerald Insight, February 2018 (coauthors: Nicolai Foss).

"Business Law and the Austrian Theory of the Firm," , Cheltenham: Edward Elgar, December 2017, pp. 325-346 (coauthors: Peter J. Boettke, Todd J. Zywicki, Thomas A. Lambert).

"Uncertainty Types and Transitions in the Entrepreneurial Process," Organization Science, Vol. 28, No. 5, (October 2017), pp. 840-856 (coauthors: Mark D Packard).

"Entrepreneurial Discovery or Creation? In Search of the Middle Ground," Academy of Management Review, Vol. 42, No. 4, (October 2017), pp. 735-737 (coauthors: Nicolai J Foss).

"The Effects of Academic Incubators on University Innovation," Strategic Entrepreneurship Journal, Vol. 11, No. 2, (June 2017), pp. 145-170 (coauthors: Christos Kolympiris).

"Entrepreneurial Traits, Formal Institutions, and the Motivation to Engage in Entrepreneurial Action," (May 2017) (coauthors: Boris Nikolaev, Christopher Boudreaux).

"Organizational Governance Adaptation: Who Is In, Who Is Out, and Who Gets What," Academy of Management Review, (2017) (coauthors: Joseph T Mahoney, Anita M McGahan, Christos Pitelis).

"My Contributions to Entrepreneurship Theory," , London: Routledge, 2017.

"Business Angels, Social Networks, and Radical Innovation," , New York: Springer International Publishing, 2016, pp. 275–290 (coauthors: Dieter Bögenhold, Jean Bonnet, Marcus Dejardin, Domingo Garcia Pérez de Lema, Catherine Deffains-Crapsky).

"Managerial Authority in the Coasean Firm: An Entrepreneurial Perspective," , Cheltenham: Edward Elgar, 2016 (coauthors: Claude Ménard, Elodie Bertrand, Kirsten Foss, Nicolai J. Foss).

"Complexity, novelty, and ethical judgement by entrepreneurs," International Journal of Entrepreneurial Venturing, Vol. 8, No. 2, (2016), pp. 170-195 (coauthors: Harvey S. James, Jr., Desmond Ng).

"Reflections on the 2016 Nobel Memorial Prize for contract theory (Oliver Hart and Bengt Holmström)," Erasmus Journal for Philosophy and Economics, Vol. 9, No. 2, (2016), pp. 167-180 (coauthors: Nicolai J Foss).

"Relationship Banking and Conflicts of Interest: Evidence from German Initial Public Offerings," Journal of Corporate Finance, Vol. 39, (2016), pp. 210-221 (coauthors: Robert Wuebker, Kathrin Zoeller).

"The judgment-based approach to entrepreneurship: accomplishments, challenges, new directions," Journal of Institutional Economics, Vol. 11, No. 03, (September 2015), pp. 585–599.

"Organizations and Markets," , New York, NY: Oxford University Press, 2015, pp. 272–295.

"China’s Dairy United: A New Model for Milk Production," American Journal of Agricultural Economics, Vol. 97, No. 2, (2015), pp. 618-627.

"Hayek and Organizational Studies," , New York, NY: Oxford University Press, 2014, pp. 467–486.

"Information, Incentives, and Organization: The Microeconomics of Central Banking," , New York, NY: Springer, 2014, pp. 149–161.

Teaching and Learning Scholarship

"‘They Have the Internet on Computers Now?’ Entrepreneurship and Economics in The Simpsons," , Stanford, CA: Stanford University Press, 2014, pp. 61-69.

Basic or Discovery Scholarship

"Private Equity and Asset Characteristics: The Case of Agricultural Production," Managerial and Decision Economics, Vol. 35, No. 2, (2014), pp. 145–160.

"The Effects of Alternative Investments on Entrepreneurship, Innovation, and Growth," Managerial and Decision Economics, Vol. 35, No. 2, (2014), pp. 67–72.

"The place of Austrian economics in contemporary entrepreneurship research," Review of Austrian Economics, The, Vol. 27, No. 3, (2014), pp. 259-279.

Applied or Integration/Application Scholarship

"Why Managers Still Matter," MIT Sloan Management Review, Vol. 56, No. 1, (2014), pp. 73.

Basic or Discovery Scholarship

"Organizational Governance," , Stanford, CA: Stanford University Press, 2013, pp. 513–555.

"Entrepreneurship, Entrepreneurial Governance, and Economic Organization," , Cheltenham: Edward Elgar, 2013, pp. 419-439.

"Strategic Entrepreneurship," , New York, NY: Sage, 2013, pp. 778–782.

"Transaction Cost Theory," , New York, NY: Sage, 2013, pp. 888-892.

"The role of asset specificity in financing choice in the agrifood sector," Revista de Economia e Administração, Vol. 12, No. 2, (2013).

"Can the Survivor Principle Survive Diversification?," Organization Science, Vol. 24, No. 5, (2013), pp. 1478-1494.

"Capabilities and Strategic Entrepreneurship in Public Organizations," Strategic Entrepreneurship Journal, Vol. 7, No. 1, (2013), pp. 70–91.

"Private Equity and Entrepreneurial Governance: Time for a Balanced View," Academy of Management Perspectives, Vol. 27, No. 1, (2013), pp. 39-51.

Applied or Integration/Application Scholarship

"Entrepreneurship and Creative Destruction," , New York, NY: Crown Business, 2012, pp. 116-126.

Basic or Discovery Scholarship

"Entrepreneurship and the Theory of the Firm," , Cheltenham: Edward Elgar, 2012, pp. 49-63.

Organizing entrepreneurial judgment: A new approach to the firm: Cambridge University Press, 2012.

"Who is in charge? A property rights perspective on stakeholder governance," Strategic Organization, Vol. 10, No. 3, (2012), pp. 304-315.

"Analyzing government decision making in the South African biofuels industry: a game theoretic approach," Biofuels, Vol. 2, No. 3, (2011), pp. 345-354.

"Biofuel production in South Africa," Biofuels, Vol. 2, No. 2, (2011), pp. 209-220.

"The adoption, diffusion, and evolution of organizational form: insights from the agrifood sector," Managerial and Decision Economics, Vol. 32, No. 4, (2011), pp. 243–259.

"Alertness, Action, and the Antecedents of Entrepreneurship," Journal of Private Enterprise, Vol. 25, No. 2, (Spring 2010), pp. 145-164.

"Entrepreneurial Alertness and Opportunity Discovery: Origins, Attributes, Critique," , Cheltenham: Edward Elgar, 2010, pp. 91–120.

"Value Creation in Middle-Market Buyouts: A Transaction-Level Analysis," , New York, NY: Wiley, 2010, pp. 229-255.

The Elgar Companion to Transaction Cost Economics: Edward Elgar Publishing, 2010.

"Organizational structure and the diversification discount: Evidence from commercial banking," Journal of Industrial Economics, Vol. 58, No. 1, (2010), pp. 127–155.

"Regional determinants of technology entrepreneurship," International Journal of Entrepreneurial Venturing, Vol. 1, No. 3, (2010), pp. 291–308.

"Toward a theory of public entrepreneurship," European Management Review, Vol. 7, No. 1, (2010), pp. 1–15.
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