Associate Professor (CSOM Strategic Mgmt & Org)
SMO
3-424 CarlSMgmt
612/625-4951
vaal0001@umn.edu

Professor Vaaler has been a member of the SMO 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 co-directs the University of Minnesota's Center for Integrative Leadership.  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, Journal of International Business Studies, Journal of International Money and Finance, Organization Science, Review of Development Economics, Strategic Management Journal and other academic journals. He serves on the editorial boards of Academy of Management Journal, International Journal of Strategic Change Management, and Journal of International Business Studies.  He is Associate Editor of the Academy of Management Perspectives.  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.

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).

Fall 2011

IBUS 6400 Carlson MBA Global Discovery Sec. 081
IBUS 6400 Carlson MBA Global Discovery Sec. 082
IBUS 6400 Carlson MBA Global Discovery Sec. 084
WMBA 5661 Managing in an International Environment Sec. 001

Spring 2012

IBUS 6400 Carlson MBA Global Discovery Sec. 082
IBUS 6400 Carlson MBA Global Discovery Sec. 084
WMBA 5661 Managing in an International Environment Sec. 001

Fall 2012

MGMT 3040 Understanding the International Environment of Firms: International Business Sec. 001
MGMT 3040 Understanding the International Environment of Firms: International Business Sec. 002

Spring 2013

MGMT 6100 Topics in Management Sec. 060

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: Associate Editor, Academy of Management Perspectives; member of editorial review board for Academy of Management Journal and International Journal of Strategic Change Management

Faculty and Administrative Appointments: Associate Professor, SMO Department, University of Minnesota, 2007-Present; Co-Director, Center for Integrative Leadership, University of Minnesota, 2008-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; Visiting Fellow, Saïd Business School, University of Oxford, 2010-2011; Sanjaya Lall Visiting Professor of Business & Development, Saïd Business School, University of Oxford, 2012