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Witold Henisz
Deloitte & Touche Associate Professor of Management
In Honor of Russell E. Palmer, former Managing Partner


Witold J. Henisz is the Deloitte & Touche Associate Professor of Management in Honor of Russell E. Palmer, former Managing Director at The Wharton School, The University of Pennsylvania. He received his Ph.D. in Business and Public Policy from the Haas School of Business at University of California, Berkeley and previously received a M.A. in International Relations from the Johns Hopkins School of Advanced International Studies. His research examines the impact of political hazards on international investment strategy. He analyzes (1) the political and economic determinants of government attempts to redistribute investor returns to the broader polity; (2) the strategic responses by organizations to such pressure; and (3) the determinants of the success of individual organizations in withstanding such pressure. His research has been published in top-ranked journals in international business (Journal of International Business Studies), management (Academy of Management Review, Academy of Management Journal, Administrative Science Quarterly, Organization Science, Strategic Management Journal and Strategic Organization), international studies (International Organization and International Studies Quarterly) and sociology (American Sociological Review). He served as a Departmental Editor at The Journal of International Business Studies.

Witold has won multiple teaching awards at the undergraduate and graduate levels for his elective courses that highlight the importance of integrating a deep understanding of political and social risk factors into the design of an organization’s global strategy. He has authored teaching cases on the experiences of AES Corporation in the Republic of Georgia, the management of the bankruptcy of Thai Petrochemical Industries and the development of the Rosia Montana gold mine in Romania. He also teaches sessions on Global Policy Risk for multiple open enrollment and custom Executive Education programs at the Wharton School. He is currently co-leading the redesign of the global required course in the Wharton curriculum.

Witold has served as a consultant for the World Bank, The Inter-American Development Bank, The Conference Board, Eurasia Group and the Department of Homeland Security. He previously worked for The International Monetary Fund. He is currently a principal in the political risk management consultancy PRIMA LLC and the risk management consultancy The Probity Group.

Summary of Research Papers and Downloads

Publications
Jandhyala, Srividya, Witold Henisz, Edward Mansfield (2011), Three Waves of BITs: The Global Diffusion of Foreign Investment Policy, Journal of Conflict Resolution, (forthcoming).
Zelner, Bennet A., Witold Henisz, Guy L.F. Holburn (2009), Contentious Implementation and Retrenchment in Neoliberal Policy Reform: The Global Electric Power Industry, 1989 – 2001, Administrative Science Quarterly, 54(3): 379-412 (lead article).
Witold Henisz, E. Mansfield (2006), Votes and Vetoes: The Political Determinants of Commercial Openness, International Studies Quarterly, 50: 1.
Witold Henisz, B. Zelner (2005), Legitimacy, Interest Group Pressures and Change in Emergent Institutions: The Case of Foreign Investors and Host Country Governments, Academy of Management Review, 30: 2.
Witold Henisz, B. Zelner, Mauro Guillen (2005), The Worldwide Diffusion of Market-Oriented Infrastructure Reform, American Sociological Review, 70: 6.
Witold Henisz, J. Macher (2004), Firm- and Country-Level Tradeoffs and Contingencies in the Evaluation of Foreign Investment: The Semiconductor Industry, 1994-2002, Organization Science, 15: 6.

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In The News
Setting the Standard for Corporate Responsibility and Sustainable Development, AccountAbility.org, 02/2012
Mining for Stakeholder Cooperation, The Pennsylvania Gazette, 01/2012
The Rise of Stakeholder Capitalism, The Motley Fool, 08/2011
Stakeholder engagement improves valuation, Investor Relations Web Report, 08/2011
Stakeholder Engagment in Mining Operations, TriplePundit, 08/2011
Creating the Ties That Grow, Wharton@Work, 07/2011

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Teaching

MGMT 955: Foundations of Multinational Management (PhD, 8 weeks)

MGMT 960: Institutions and Multinational Management (PhD, 6 weeks)

MGMT 932: Applied Methods for Management Research (PhD, 14 weeks)

MGMT 715: The Political and Social Environment for the Multinational Firm (MBA, 8 weeks)

MGMT 720X: Corporate Diplomacy (MBA, 12 weeks)

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Teaching Materials

Teaching Cases Available for Free Use (email coursematerials@wharton.upenn.edu for watermark free versions as well as B and C cases)

Power Trip or Powerplay: AES-Telasi (A)

Thailand Petrochemical Industry: Negotiating Debt After the East Asian Crisis (A)

Rosia Montana: Political and Social Risk Management in the Land of Dracula (A)

Data Resource

Download POLCON Database
The Political Constraint Index (POLCON) Dataset (in zipped MS Access or MS Excel formats with codebook)

Database of Political Institutions
Consider using the CHECKS index of the Database of Political Institutions of the World Bank as a robustness check

For more information on the relative strength and weaknesses of these and other datasets see the following external overviews:

http://siteresources.worldbank.org/INTLAWJUSTINST/Resources/IndicatorsGovernanceandInstitutionalQuality.pdf

http://siteresources.worldbank.org/INTMOVOUTPOV/Resources/2104215-1148063363276/071503_Munck.pdf

http://www.nsd.uib.no/macrodataguide/topic.html

http://www.isadiscussion.com/view/0/datasets.html

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Knowledge@Wharton
Troubled Times Ahead for North Korea? 12/19/2011
When Engaging with Your Stakeholders Is Worth Its Weight in Gold 07/20/2011
Crude Reality: Why High Oil Prices Are Here to Stay 03/16/2011
The New BRICS on the Block: Which Emerging Markets Are Up and Coming? 01/19/2011
Crisis, Contagion and Bailouts: What's Next for the European Union? 05/12/2010
The Pain in Spain ... And What It Means for Europe and Beyond 03/17/2010

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Honors And Awards
Helen Kardon Moss Anvil Award Nomination, 2011
Teaching Commitment and Curricular Innovation Award, 2011
Excellence in teaching award, Wharton Undergraduate Division, May, 2008
Excellence in teaching award, Wharton Undergraduate Division, May, 2007
Faculty teaching award (electives), MBA for Executives Program, Class 31East, 2006-2007
Finalist, Aspen Institute?s 2006 Faculty Pioneer Award (one of eight finalists out of 100 nominees), 2006

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Henisz Witold

Witold  Henisz
3107 SH-DH
3620 Locust Walk
Philadelphia, PA19104
Phone: (215) 898-0788
Fax: (215) 898-0401
henisz@wharton.upenn.edu

Personal Website

Research Interests:
Impact of political hazards on international investment strategy; analyzes(1) the political and economic determinants of substantive changes in government policy; government attempts to redistribute investor returns to the broader polity; (2) the strategic responses by organizations to such policy changes; (3) the determinants of the success of these strategic responses; large capital intensive investments with a high degree of political salience often in emerging market settings