Matthew Wood

Associate Professor - Entrepreneurship

Contact Information

Mailing Address:  One Bear Place #98011
Waco, TX  76798-8011
Office Location:  Foster Business and Innovation 210.36

Educational Background

  • PHD - Business Administration, Southern Illinois U Carbondale
  • PHD - Business Administration, Southern Illinois U Carbondale
  • MBA - Basic Business, Bradley University
  • MBA - Basic Business, Bradley University
  • BS - Physical Science, Eureka College
  • BS - Physical Science, Eureka College

Work Experience

  • Director, Entrepreneurship Doctoral Program, Baylor University (August 1, 2019 - Present)
  • Chairman, Department of Entrepreneurship, Baylor University (August 1, 2017 - August 1, 2019)
  • Ben Williams Professor, Baylor University (July 1, 2017 - Present)
  • Associate Professor, Baylor University (August 1, 2016 - Present)
  • Founding Director Entrepreneurship Doctoral Program, Baylor Univeristy (January 1, 2015 - August 1, 2017)
  • Assistant Professor, Baylor University (August 1, 2012 - July 30, 2016)
  • Assistant Professor, University of North Carolina Wilmington (August 1, 2009 - June 1, 2012)
  • President, Wood Printing Service, Inc. (May 15, 1992 - January 15, 2006)

Awards and Honors

  • Outstanding Author Contribution Award, Emerald Literati Network Awards for Excellence (August 2019)
  • Best Conceptual Paper Award, Academy of Management ENT Division (August 2018)
  • Brent Clum Outstanding Research Award, Hankamer School of Business, Baylor University (April 2017)
  • Emerging Saluki Leader Award, Southern Illinois University, Carbondale, College of Business. (October 2015)
  • Best Reviewer Award 2014, Journal of Management Studies (August 2015)
  • Young Researcher Award, Hankamer School of Business (April 2014)
  • Outstanding Author Contribution Award, Emerald Literati Network Awards for Excellence (July 2013)

Professional Memberships

  • USASBE (2016 - Present)
  • Academy of Management
  • Baylor Angel Network


Matthew S. Wood is an associate professor and holds the Ben Williams Professorship in Entrepreneurship at the Hankamer School of Business, Baylor University. A former entrepreneur in the commercial printing industry, he received his Ph.D. from Southern Illinois University at Carbondale. His research examines cognition and decision-making related to entrepreneurial action and entrepreneurial opportunity.

He is Associate Editor of the Journal of Business Venturing.


Basic or Discovery Scholarship

"Back to the Future: A Time-Calibrated Theory of Entrepreneurial Action," Academy of Management Review, (September 2019) (coauthors: Rene Bakker, Greg Fisher).

"Measuring opportunity evaluation: Conceptual synthesis and scale development," Journal of Business Venturing, (April 2019) (coauthors: David J. Scheaf, Andrew Loignon, Justin W. Webb, Eric H. Heggestad).

"Entrepreneurship and subjective well-being: The mediating role of psychological functioning," Entrepreneurship Theory and Practice, (January 2019) (coauthors: Boris Nikolaev, Chris Bourdeaux).

"Cascading Ripples: Contagion Effects of Entrepreneurial Activity on Self-Employment Attitudes and Choices in Regional Cohorts.," Strategic Entrepreneurship Journal, Vol. 12, No. 4, (December 2018), pp. 455-481 (coauthors: Boris Nikolaev).

"The Attitudes, Behaviors, and Cognition of Entrepreneurs: Rebels with a Cause," International Journal of Entrepreneurial Behavior and Research, Vol. 24, No. 5, (October 2018), pp. 938-946 (coauthors: Andrew Corbett, Rob Mitchell, Lois Shelton).

"Espoused Religious Values in Organizations and Their Associations with Applicant Intentions to Pursue a Job," Journal of Business and Psychology, (September 2018) (coauthors: Mitchell J. Neubert).

"Continued Misgivings: A Response to Davidsson on Dismantling the Opportunity Construct.," Journal of Business Venturing Insights, Vol. 7, (August 2018), pp. 77-81.

"The Entrepreneurial Opportunity Construct: Dislodge Or Leverage?," Academy of Management Perspectives, (April 2018) (coauthors: William McKinley).

"The Cognitive Dynamics of Multi-Signal Selection and Processing," Journal of Management Studies, Vol. 55, No. 2, (March 2018), pp. 209-231 (coauthors: Will Drover, Andrew Corbett).

"Social Purpose Increases Direct-to-Borrower Microfinance Investments By Reducing Physiologic Arousal," Journal of Neuroscience, Psychology, and Economics, Vol. 11, No. 2, (2018), pp. 116-126 (coauthors: Adriana Kraig, Cosette Cornelis, Elizabeth T Terris, Mitchell J. Neubert, Jorge A Barraza, Paul Zak).

"Misgivings About Dismantling the Opportunity Construct," Journal of Business Venturing Insights, Vol. 7, (March 2017), pp. 21-25.

"After The Venture: The Reproduction and Destruction of Entrepreneurial Opportunity," Strategic Entrepreneurship Journal, Vol. 11, No. 1, (March 2017), pp. 18-35 (coauthors: William McKinley).

"Past as Prologue: Entrepreneurial Inaction Decisions and Subsequent Action Judgments.," Journal of Business Venturing, Vol. 32, No. 2, (February 2017), pp. 107-127 (coauthors: David Williams, Will Drover).

"Attributes of Angel and Crowdfunded Investments as Determinants of VC Screening Decisions.," Entrepreneurship Theory and Practice, Vol. 41, No. 3, (January 2017), pp. 323-347 (coauthors: Will Drover, Andrew Zacharakis).

"Navigating a Sea of Change: Identity Misalignment and Adaptation in Academic Entrepreneurship," Entrepreneurship Theory and Practice, Vol. 40, No. 5, (August 2016), pp. 1093-1120 (coauthors: William Meek).

"An Embedded Agency Approach to Entrepreneurship Public Policy: Managerial Position and Politics in New Venture Location Decisions.," Academy of Management Perspectives, Vol. 30, No. 3, (August 2016), pp. 222-246 (coauthors: Jeffery McMullen, Alex Kier).

"The Influence of Tax and Regulatory Policies on Entrepreneurs’ Evaluations of Opportunities.," Management Decision, Vol. 54, No. 5, (June 2016), pp. 1160-1182 (coauthors: Per Bylund, Steve Bradley).

"Rule-Based Reasoning for Understanding Opportunity Evaluation," Academy of Management Perspectives, Vol. 29, No. 2, (July 2015), pp. 218-236 (coauthors: David Williams).

"Opportunity Evaluation as Future Focused Cognition: Identifying Conceptual Themes and Empirical Trends.," International Journal of Management Reviews, Vol. 17, No. 2, (April 2015), pp. 256-277 (coauthors: Alex McKelvie).

"Entrepreneurial Cognition and Social Cognitive Neuroscience," , Cheltenham, UK/Northampton, MA: Edward Elgar Publishing, 4th Quarter 2014 (coauthors: Jeffery McMullen, Leslie E. Palich).

"Roots, Reasons, and Resources: Situated Optimism and Firm Growth In Subsistence Economies," Journal of Business Research, Vol. 68, (August 2014), pp. 127-136 (coauthors: Steve Bradley, Kendall W. Artz).

"Take the Money or Run? Investors Ethical Reputation and Entrepreneurs Willingness to Partner," Journal of Business Venturing, Vol. 29, No. 6, (July 2014), pp. 723-740 (coauthors: Will Drover, Yves Fassin).

Teaching and Learning Scholarship

"Discerning Opportunity Types: Implications for Entrepreneurial Action and Entrepreneurship Education," : Emerald Insight, June 2014 (coauthors: Chris Welter, Kendall W. Artz, Steve Bradley).

Basic or Discovery Scholarship

"Improving Governance Arrangements for Academic Entrepreneurship," : Palgrave-MacMillan, June 2013.

"Opportunity Evaluation as Rule-Based Decision Making," Journal of Management Studies, Vol. 51, No. 4, (May 2013), pp. 573-602 (coauthors: David Williams).

"Making it Personal: Opportunity Individuation and the Shaping of Opportunity Beliefs," Journal of Business Venturing, Vol. 29, No. 2, (April 2013), pp. 252-272 (coauthors: Alex McKelvie, Mike Haynie).

"Endings and Visions of New Beginnings: The Relationship Between Source of Unemployment, Duration of Unemployment, and Entrepreneurial Intent," Entrepreneurship Research Journal, Vol. 3, No. 2, (April 2013), pp. 171-206 (coauthors: William McKinley, Craig Engstrom).

"The Effects of Perceived Control on Venture Capitalists Investment Decisions: A Configurational Perspective," Entrepreneurship Theory and Practice, Vol. 38, No. 4, (March 2013), pp. 833-861 (coauthors: Will Drover, Tyge Payne).

"The Road to Riches? An Integrated Model of Cognitive Processes Underpinning Entrepreneurial Action," : Emerald, September 2012, pp. 205-250 (coauthors: Andrew Corbett, Jerome Katz, David Williams, Denis Grégoire).

"Learning from Levi Strauss’ Legacy: Art, Craft, Engineering, Bricolage, and Brokerage in Entrepreneurship," Entrepreneurship Theory and Practice, (June 2012) (coauthors: Bryan Stinchfield, Reed Nelson). DOI: 10.1111/j.1540-6520.2012.00523.x

"Nowhere to Run and Nowhere to Hide: The Relationship Between Entrepreneurial Success and Feelings of Entrapment," Entrepreneurship Research Journal, Vol. 1, No. 4, (November 2011), pp. 1-41 (coauthors: Jonathan Rowe).

"A Triptych Inquiry: Rethinking Sustainability, Innovation, and Financial Performance," : Palgrave-MacMillan, November 2011 (coauthors: Timo Busch, Bryan Stinchfield).

"The Impact of Failure Severity, Prior Failure, and Company Control on Service Recovery Outcomes," Journal of Leadership & Organizational Studies, Vol. 18, No. 3, (July 2011), pp. 365-376 (coauthors: Teresa Betts, Suresh Tadisina).

"Low Heed in Organization Theory," M@n@gement, Vol. 14, No. 3, (May 2011), pp. 153-181 (coauthors: William McKinley, Gyewan Moon).

"A Process Model of Academic Entrepreneurship," Business Horizons, Vol. 54, No. 2, (March 2011), pp. 153-161.

"Entrepreneurial Drive in the Top Management Team: Effects on Strategic Choice and Firm Performance," Journal of Leadership & Organizational Studies, Vol. 17, No. 3, (July 2010), pp. 222-239 (coauthors: Michael Michalisin).

"The Production of Entrepreneurial Opportunity: A Constructivist Perspective," Strategic Entrepreneurship Journal, No. 4, (June 2010), pp. 66-84 (coauthors: William McKinley).

"Preserving Employee Dignity During the Termination Interview: An Empirical Examination," Journal of Business Ethics, Vol. 86, (September 2009), pp. 519-534 (coauthors: Steven Karau).

"Does One Size Fit All? The Multiple Organizational Forms Leading to Successful Academic Entrepreneurship," Entrepreneurship Theory and Practice, Vol. 33, No. 4, (July 2009), pp. 929-947.

"Taken on Faith? The Impact of Uncertainty, Knowledge Relatedness, and Richness of Information on Entrepreneurial Opportunity Exploitation," Journal of Leadership Education, Vol. 16, No. 2, (July 2009), pp. 117-130 (coauthors: John M Pearson).

Presentations and Proceedings

Basic or Discovery Scholarship

"Kiva microfinance requests with "purpose" decrease stress responses and result in increased investments," presented at the Society for Judgment and Decision Making, Long Beach, CA, November 2014 (coauthors: Elizabeth T. Terris, Mitchell J. Neubert, Paul J. Zak).
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