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Annaleena Parhankangas

Head and shoulders photo of Annaleena Parhankangas
  • Assistant Professor of Entrepreneurship

Office: 2228 UH
Phone: (312) 996-6233


  • PhD in Strategy and International Business, Helsinki University of Technology
  • Master of Science in Industrial Engineering and Management, Helsinki University of Technology


  • Assistant Professor, Entrepreneurial Studies, University of Illinois at Chicago, 2011-Present
  • Associate Professor of Management, New Jersey Institute of Technology, 2007-2011
  • Acting Professor, Associate Professor, Assistant Professor, Research Associate, Helsinki University of Technology, 1996-2007
  • Visiting Scholar, Chalmers University of Technology, Sweden, 2004
  • Visiting Scholar, Rensselaer Polytechnic Institute and Wharton School of Business, 2001-2002

Classes Taught

  • Entrepreneurship
  • Strategy
  • International Business
  • Technology and Innovation

Research & Publications

Research Interests
  • Communication and new venture success
  • Entrepreneurial finance
  • Economic and social impact of venture capital
  • Investor entrepreneur relationship
  • Cross-national differences in entrepreneurial and innovative activities
  • McWilliams, A., Parhankangas, A., Coupet, J.A., Gleason, J.M., & Barnum, D.T. 2016. Strategic Decision Making for the Triple Bottom Line. Business Strategy and Environment, 25: 193–204.
  • Landstrom, H. Fayolle, A., Riot, P., & Parhankangas, A. (eds). 2016. Challenging Entrepreneurship Research. Routledge.
  • Parhankangas, A., & Renko, M. 2015. Language of Business Versus Language of Kindness: A Comparison of Crowdfunding Campaigns Of For Profit and Social Entrepreneurs. Frontiers of Entrepreneurship Research 2015.
  • Parhankangas, A., & Ehrlich, M. 2014. How entrepreneurs seduce business angels: An impression management approach. Forthcoming in Journal of Business Venturing, 24(2):543-564.
  • Parhankangas, A., Shrader, R., & McWilliams, A. 2014. Doing Well by Doing Better: Entrepreneurs and Sustainability. Small Business Strategy, 24(2): 1-20.
  • Somers, M., Passerini, K., Parhankangas, A., & Casal, J. 2014. Using Mind Maps to Study How Business School Students and Faculty Organize and Apply General Business Knowledge.
  • International Journal of Management Education, 12(1): 1-13.
  • George, B., Erikson, T., & Parhankangas, A. 2013. Preventing Dysfunctional Conflict: Examining the Relationship between Different Types of Managerial Conflict in VC Backed Firms. Frontiers of Entrepreneurship Research 2013.
  • Feller, J., Parhankangas, A., Smeds, R, & Jaatinen, M. 2013. How companies learn to collaborate: Emergence of improved inter-organizational processes in R&D alliances. Organization Studies, 34(3), 313-343.

Awards & Affiliations

  • 2014 The Department of Managerial Studies (University of Illinois) Excellence in Teaching Award
  • 2013 Academy of Entrepreneurial Finance Best Paper Award
  • 2010 IBAM (Institute of Behavioral and Applied Management) Best Paper Award
  • 2008 Outstanding Reviewer Award by Journal of Business Venturing
  • 2006 Outstanding Reviewer Award by Journal of Business Venturing
  • 2004 Taylor & Francis Publishers Award for Excellence in Research on the Topic of Venture Capital
  • 2004 the John Bessant Best Paper Award at CINET Conference A
  • 2003 Taylor & Francis Publishers Award for Excellence in Research on the Topic of Venture Capital