Wei   Shi

Wei Shi

Associate Professor, Management

Research Interests

Corporate governance; corporate strategy; and location choice strategy

Featured Publications

  • Shi, W., Connelly, B., Hoskisson, R., & Ketchen, D.  "Portfolio spillover of institutional investor activism: An Awareness-motivation-capability perspective."  In press, Academy of Management Journal.

    Li, Y., Zhang, Y., & Shi, W.  "Navigating between geographic and cultural distances in international expansion: The paradoxical roles of firm size, age, and ownership."  In press, Strategic Management Journal.

    Shi, W., Connelly, B., Mackey, J., & Gupta, A. “Placing Their Bets: The Influence of Strategic Investment on CEO Pay-for-Performance.” In press, Strategic Management Journal.

    Connelly, B. L., Shi, W., Hoskisson, R. E., & Koka, B. In press. Institutional investor influence on joint venture exploration and exploitation. Journal of Management.

    Shi, W., Zhang, Y., & Hoskisson, R. E. 2019. Examination of CEO-CFO Social Interaction through Language Style Matching: Outcomes for the CFO and the Organization. Academy of Management Journal, 62(2): 383-414.

    Shi, W., Connelly, B. L., & Cirik, K. 2018. Short Seller Influence on Firm Growth: A Threat-Rigidity Perspective. Academy of Management Journal, 61(5): 1892-1919.

    Shi, W., & Connelly, B. 2018. “Is regulatory adoption ceremonial? Evidence from lead director appointment.” 39(8): 2386-2413. Strategic Management Journal.

    Shi, W., Pathak, S. Song, J. & Hoskisson, R. 2018. “The adoption of chief diversity officers among S&P 500 firms: Institutional, resource dependence, and upper echelons accounts.” Human Resource Management. 57(1): 83-96.

    Shi, W., Zhang, Y., & Hoskisson, R. E. 2017. “Ripple effects of CEO awards: Investigating the acquisition activities of superstar CEOs’ competitors.” Strategic Management Journal. 38(10): 2080– 2102.

    Schuler, D., Shi, W., Hoskisson, R. E., & Chen, T. 2017. “Windfalls of “emperors’ sojourns”: Stock market reactions to Chinese firms hosting high ranking government officials.” Strategic Management Journal. 38(8): 1668-1687.

    Connelly, B., Shi, W., & Zyung, J. 2017. “Managerial response to constitutional constraints on shareholder power.” Strategic Management Journal. 38(7): 1499-1517.

    Shi, W., Connelly, B., & Hoskisson, R. E. 2017. “External corporate governance and financial fraud: Cognitive evaluation theory insights on agency theory prescriptions.” Strategic Management Journal. 38(6): 1268–1286. 

    Shi, W., Hoskisson, R. E., & Zhang, Y. 2017. “Independent director death and CEO acquisitiveness: Build an empire or pursue a quiet life?” Strategic Management Journal. 38(3): 780–792.

    Shi, W., Connelly, B. L., & Sanders, W. G. 2016. “Buying bad behavior: Tournament incentives and securities class action lawsuits.” Strategic Management Journal, 37(7): 1354–1378.

    Shi., W., Hoskisson R, E. & Zhang Y. 2016. “A geopolitical perspective into the opposition to globalizing state-owned enterprises in target states.” Global Strategy Journal, 6(1): 13–30.

    Shi, W., & Tang, Y. 2015. “Cultural similarity as in-group favoritism: The impact of religious and ethnic similarity on alliance formation and announcement returns.” Journal of Corporate Finance, 34: 32-46.

    Hoskisson, R. E., Shi, W., Yi, X., & Jin, J. 2013. “The evolution and strategic positioning of private equity firms”. Academy of Management Perspectives, 27(1): 22-38.


    Shi. W., & Hoskisson, R. E. 2012. “Advantages of foreignness: Benefits of creative institutional deviance”. In Laszlo Tihanyi, Timothy M. Devinney, & Torben Pedersen (ed.) Advances in International Management, vol. 25: 99-125. Bingley, U.K.: Emerald Group Publishing.  

    Chen, G., Meyer-Doyle, P. & Shi, W. 2018. “How do CEO-CFO regulatory focuses interact to influence firm corporate strategies?” In Das, T. K (ed.) Behavioral Strategy for Competitive Advantage. Information Age Publishing.  (Equal contribution)

Teaching and Professional Experience

  • Assistant Professor, Kelley School of Business, Indiana University, 2016-2018
  • Business Analyst, Yantai Wanhua America Co. Ltd., Philadelphia, Pennsylvania, 2010
  • Business Analyst, Miller Energy LLC, New Orleans, Louisiana, 2009
  • Assistant to CEO, Yantai Wanhua Polyurethanes Co. Ltd., Yantai, China, 2005-2008
  • Investment Commissioner, Investment Promotion Bureau of YEDA, Yantai, China, 2004-2005


  • Ph.D., Strategic Management, Rice University
  • MBA, Finance, Tulane University
  • B.A., English Literature, Beijing Foreign Studies University

Honors and Awards

  • Nominated for the 2018 Alan M. Rugman Most Promising Scholar(s) Award, 2018
  • Kelley School of Business Research Award, 2017
  • Finalist SMS Best Conference PhD Paper Prize, 2014
  • Runner-up of 2012 Emerald/IACMR Chinese Management Research Fund Award, 2013
  • Runner-up of 2011 Emerald/IACMR Chinese Management Research Fund Award, 2012
Wei   Shi


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