Dr. Peter Klein Explains the Importance of Being Transaction Cost Savvy in Mises Institute "Economics for Entrepreneurs" Podcast
Hunter Hastings and Peter Klein emphasize profitable value creation as the role of the entrepreneur. Managing costs can contribute to profitability — but there are some costs that are not easy to calculate and not even that easy to identify in some cases. They are not captured by traditional cost accounting. Economists call them transaction costs. They are the costs of acquiring, assembling, monitoring and managing and, in some cases, discarding or re-purposing the resources and assets your firm utilizes to produce output. They are not production costs per se; they are not value creation costs. They’re administrative and managerial costs.
Dr. Peter Klein is Quoted in Local News Segment | Student loan forgiveness plan
"I think they're sort of competing to see who could come up with the most politically attractive proposal," said Klein.
Baylor Business News | Pivot! Defining & Understanding Complete Business Change Decisions
Research article, "Full Steam Ahead or Abandon Ship? An Empirical Investigation of Complete Pivot Decisions," written by Associate Professor of Entrepreneurship and Department Chair Matthew Wood, Professor of Entrepreneurship Les Palich and Entrepreneurship PhD candidate Russell Browder is published in the Journal of Small Business Management.
Clayton Tynes Recognized as Outstanding Student in Entrepreneurship
Senior Entrepreneurship major, Clayton Tynes was recognized as the Outstanding Student in Entrepreneurship at the Hankamer School of Business Spring Appreciation Banquet and the Baylor University Honors Convocation.
Baylor Business News | Baylor Entrepreneurship Ranks 11th in the 2019 Global Entrepreneurship Research Productivity Rankings
The Department of Entrepreneurship and Corporate Innovation in the Hankamer School of Business ranked 11th in the world out of 497 schools in the recently released 2019 Global Entrepreneurship Research Productivity Rankings.
Dr. Peter Klein and Baylor Executive MBA | Global Business Strategy: Inside Baylor's EMBA Capstone Course
"Global Business Strategy" is the name of a course that Baylor Executive MBA students take in their last semester of business school. Calling it a "capstone" course that combines "strategic management, innovation, and a focus on global issues as well as domestic ones," its teacher, Dr. Peter Klein, has facilitated the class every spring since joining the Baylor faculty in 2015.
Baylor Business News | Baylor Business Fellows Student Creates Podcast for Young Adults: "Yash & Company"
Yasanka "Yash" Chalasani, a senior Baylor Business Fellow, is sharing his interest in people and learning through his podcast "Yash & Company."
Business Excellence Scholarship Team Receives Second Place at Case Competition
Professor Marlene Reed travels to New York City with BEST class for the Business as Mission Case Competition.
Entrepreneurship Professor Peter Klein is Quoted in COMPTROLLER.TEXAS.GOV Article
COMPTROLLER.TEXAS.GOV | Business Incubators: Getting Texas businesses ready for success
Entrepreneurship Professor Peter Klein is Recognized by @BaylorProud | Meet Baylor's nationally recognized expert on business and entrepreneurship
Klein is recognized as the best of the best.
Entrepreneurship Peter Klein has new Aeon piece with Nicolae Foss | No boss? No thanks
New Klein and Foss piece on the role of bosses in the digital economy. "Far from making them obsolete, the flatter business organisations of today need managers more than ever but in new ways."
A 2018 Snapshot Look at Baylor's Entrepreneurship Department
Baylor's Entrepreneurship is leaving an indelible footprint for 2018.
Baylor Moves Up to No. 6 Among Top 25 Undergraduate Schools for Entrepreneurship Studies
Baylor's entrepreneurship program in the Hankamer School of Business moved up to No. 6 in this year’s The Princeton Review rankings of the top 25 Best Undergraduate Programs for Entrepreneurs.
Research by Entrepreneurship Professor Boris Nikolaev featured in Forbes: Entrepreneurship Boosts Well-Being By Meeting Key Psychological Needs - Study
A new study published in the Journal of Business Venturing suggests that entrepreneurship enhances well-being by meeting vital psychological needs.
Baylor Entrepreneurship PhD Students Recognized for Accomplishments
Two returning PhD students, Eric Mota and Russ Browder, have been accepted to prestigious doctoral student workshops this Fall.
Baylor Business News | Entrepreneurship Professor Peter Klein Awarded SEJ Best Paper Prize
Peter Klein, W. W. Caruth Chair and Professor of Entrepreneurship at Baylor, has been awarded the Strategic Entrepreneurship Journal Best Paper Prize by the Strategic Management Society. This award recognizes papers that were published five or more years prior, and are selected by the editors of the journal based on quantitative measures, such as number of citations, and subjective measurements of the paper's influence in the industry.
Baylor Business News | Entrepreneurship Professor Matthew Wood Awarded AME Best Paper
Matthew Wood, chair and associate professor of the Department of Entrepreneurship and Corporate Innovation at Baylor's Hankamer School of Business, recently received the 2018 Academy of Management Entrepreneurship Division "Best Conceptual Paper Award." The award is sponsored by the scholarly journal Entrepreneurship Theory and Practice.
Dr. Matthew Wood Receives Prestigious Recognition
Chairman of the Entrepreneurship Department, Dr. Matthew Wood receives the Best Conceptual Paper Award at the August Academy of Management's Entrepreneurship Division premier international conference in management.
Entrepreneurship Professor Peter Klein is Recognized for Paper
Peter Klein's 2008 paper, "Opportunity Discovery, Entrepreneurial Action, and Economic Organization" has received this year's Strategic Entrepreneurship Journal Best Paper Prize.
New Research from Baugh Center Research Professor Boris Nikolaev, Ph.D.
New research forthcoming in the Journal of Economic Behavior and Organization shows that parental unemployment during childhood can have long-term consequences for adult children's psychological well-being later in life.
Baylor Business News | Entrepreneurship Professor Receives Outstanding Faculty Award
Peter Klein is one of eleven Outstanding Faculty Award winners for the 2017-2018 academic year.
Business School Senior Awarded Scholarships
Flower Mound senior, Andrew Kuykendall receives scholarships designated for entrepreneurship majors.
Baylor Proud | Peter Klein Receives Outstanding Professor award for 2017-2018
Baylor professors of the year represent arts, sciences, theology & education.
Baylor Entrepreneurship PhD Student, Russ Browder Presents Research at the Academy of Management Annual Meeting
The Tools of Trade: Exploring the Connections Between Entrepreneurship and the Maker Movement
Peter Klein Recognized as Outstanding Faculty for 2017-2018
Eleven faculty members have been recognized as Outstanding Faculty in the areas of teaching, scholarship and contributions to the academic community for the 2017-2018 academic year. The awards recognize the best all-around professors based upon teaching capabilities, research achievement, effective committee service, time spent with students and civic and church involvement, including non-tenured track, tenured and tenure-track faculty.
Peter Klein Pens Mises Institute Blog: The (Empirical) Science Isn't Settled
"Because Science!" has become a popular refrain. I'm not just talking about climate studies. Headline writers love to say this. Apparently "Science" recently proved that we should continue to put two spaces after a period, as we did in the old fixed-width typewriting days.* (No word yet on whether it is OK to put pineapple on pizza.) This kind of language is meant to be a conversation-stopper. If a scientific study — i.e., a laboratory experiment or a robust statistical analysis of secondary data — has proven something, it must be accepted as fact.
#BaylorLights Profile on Entrepreneurship Professor: Marlene Reed
Marlene Reed, entrepreneur in residence in the Hankamer School of Business, is like a modern-day detective, dressed in heels and a suit, looking for clues to help her write her next case that other faculty will use to illustrate business principles in the classroom. She's already collected 80 case studies, published in textbooks and journals, and all focused on real organizations and real-life business scenarios.
Zach Morrow Recognized as Outstanding Student in Entrepreneurship
Senior entrepreneurship and finance major, Zach Morrow was recognized as the Outstanding Student in Entrepreneurship at the Baylor Hankamer School of Business Senior Appreciation Banquet.
Peter Klein pens SSRN paper with Nicolai Foss: Entrepreneurial Opportunities: Who Needs Them?
ABSTRACT: Debate in management research on the status of the opportunity construct is now more than a decade old. We argue that the debate has led to little additional insight in entrepreneurship and we develop the case for abandoning the construct altogether. Uncertainty is central to entrepreneurship and innovation yet absent from opportunity-based approaches. We offer instead a "judgment-based view" of entrepreneurship which revolves around the nexus of resource heterogeneity and uncertainty and is operationalized in the "Beliefs-Actions-Results" (BAR) framework.
Peter Klein pens SSRN paper with Nicolai Foss: Stakeholders and Corproate Social Responsibility: An Ownership Perspective
Abstract: We argue that the stakeholder and CSR literatures can benefit from more systematic thinking about ownership. We discuss general notions of ownership in economics and law and the entrepreneurial notion of ownership we have developed in prior work. On this basis, we argue that stakeholder theory needs to deal more systematically with ownership as an economic function that can be exercised with greater or lesser ability, may be complementary to other economic functions, and works better when assigned to homogeneous groups. Some stakeholder groups are likely to lack what we call "ownership competence," even if they have made relationship-specific investments, in part because of diverse interests. We also discuss CSR from the perspective of ownership and support Friedman's original position, but with a twist. The point of Fried-man's paper is not that firms "should" maximize profits, but that managerial pursuit of "socially responsible" activities in a discretionary way imposes costs on owners. We suggest this problem is exacerbated with entrepreneurial managers who can devise new ways to disguise self-interested actions as CSR initiatives.
Peter Klein pens SSRN paper with Christos Kolympiris and Sebastian Hoenen -- Learning by Seconding: Evidence from NSF Rotators
Examines knowledge transfer between organizations via short-term rotations of key personnel.