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Steve Sauerwald

Head and shoulders photo of Steve Sauerwald
  • Assistant Professor of Management

Office: 2210 UH
Phone: (312) 996-4054
Google Scholar Page


  • PhD, University of Texas at Dallas, 2014
  • MBA, University of Texas at Dallas, 2008
  • Diploma in Business Administration and Engineering, Jena University of Applied Sciences, 2007


  • Xact4u Strategy Consulting AG, Karlsruhe, Germany: Management Consultant

Classes Taught

  • Strategic Management
  • International Business
  • Global Strategy
  • Corporate Governance

Research & Publications

Research Interests
  • Comparative corporate governance
  • Shareholder activism
  • Executive compensation
  • Social responsibility
  • Zhu, H., Ma, X., Sauerwald, S., & Peng, M.W. Home Country Institutions Behind Cross-Border Acquisition Performance. Journal of Management (forthcoming).
  • Sauerwald, S., van Oosterhout, H., van Essen, M, & Peng, M.W. "Proxy Advisors and Shareholder Dissent: A Cross-Country Comparative Study." Journal of Management (forthcoming).
  • Sauerwald, S., Lin, Z., & Peng, M.W. (2016) "Board Social Capital and Excess CEO Returns." Strategic Management Journal, 37(3): 498-520.
  • Sauerwald, S., van Oosterhout, H., & van Essen, M. (2016) "Expressive Shareholder Democracy: A Multilevel Study of Shareholder Dissent in 15 Western European Countries." Journal of Management Studies, 53(4): 520-551.
  • Su, W. & Sauerwald, S. "Does Corporate Philanthropy Increase Firm Value? The Moderating Role of Corporate Governance." Business & Society, 57(4): 599-635.
  • Peng, M.W., Mutlu, C.C., Sauerwald, S., Au, K., & Wang, D.L. (2015). "Board Interlocks and Corporate Performance Among Firms Listed Abroad." Journal of Management History, 21(2): 257-282.
  • Dess, G.G. & Sauerwald, S. (2014) "Creating Value in Organizations: The Vital Role of Social Capital." Organizational Dynamics, 43: 1–8.
  • Sauerwald, S. & Peng, M.W. (2013). "Informal Institutions, Shareholder Coalitions, and Principal-Principal Conflicts." Asia Pacific Journal of Management, 30(3): 853–870.
  • Peng, M.W. & Sauerwald, S. (2013). "Principal-Principal Conflicts." In M. Wright, D.S. Siegel, K. Keasey, and I. Filatotchev (eds.), The Oxford Handbook of Corporate Governance, 658-672. New York, NY: Oxford University Press.

Awards & Affiliations

  • Finalist for the CGIO Best Paper Award in International Corporate Governance in 2013 and 2015
  • Distinguished Paper Award, Academy of Management, BPS Division (2013)
  • Best Paper Award, Academy of Management, SIM Division (2013)
  • Fulbright Scholarship, Sponsored by the Fulbright Commission (2007-2008)