Joseph Mahoney is Professor, Department of Business Administration, the University of Illinois Urbana-Champaign. He has won the Executive MBA Outstanding Teaching Award in 1995, 1996, 1998 and 1999. Professor Mahoney teaches undergraduate, M.B.A., Executive M.B.A., and Ph.D. courses in strategic management and business economics, and his research interest include corporate governance and organizational economics. He is on the editorial board of the Strategic Management Journal, and his research has appeared in refereed publications such as, Journal of Management Studies, Managerial and Decisio...