Adelaide Business School
Faculty of Arts, Business, Law and Economics
Eligible to supervise Masters and PhD - email supervisor to discuss availability.
Stephen Zhang is a professor of entrepreneurship and strategy at the University of Adelaide. He studies how entrepreneurs and top management teams behave under uncertainties. Stephen has published articles in top journals in entrepreneurship (e.g. Entrepreneurship Theory and Practice), management (e.g. Academy of Management Journal) as well as COVID-19 research in health journals. His work has been featured in major media outlets (e.g., Yahoo; MSN; HuffPost; the Age; Sydney Morning Herald). Stephen has worked previously in University of Sydney, Catholic University of Chile, and National University of Singapore. Prior to his academic career, Stephen has worked in several industries and has founded startups. Stephen received his Bachelor Degree at Nanyang Technological University in Singapore, and his Ph.D. from the National University of Singapore. Prior to his academic career, Stephen has founded ventures and worked in several industries including engineering, management consultancy, market research, and innovation management.
Key research areas:
- psychology of entrepreneurs
- How CEOs and top executives lead their businesses?
- entrepreneurs' and top executives' mental health
- Mental health under Covid-19
Date Position Institution name 2020 - ongoing Professor of Entrepreneurship and Strategy University of Adelaide 2016 - 2020 Senior Lecturer (Associate prof.) of Entrepreneurship and Innovation University of Sydney 2010 - 2017 Assistant Professor of Entrepreneurship and Innovation Catholic University of Chile
Date Institution name Country Title National University of Singapore Singapore PhD Nanyang Technological University Singapore Bachelor
Year Citation 2023 Xu, W., Pavlova, I., Chen, X., Petrytsa, P., Graf-Vlachy, L., & Zhang, S. X. (2023). Mental health symptoms and coping strategies among Ukrainians during the Russia-Ukraine war in March 2022. International Journal of Social Psychiatry, 10 pages.
2022 Wan, X., Zhang, S. X., & Wei, F. (2022). CEO–TMT Congruence in Growth-Need Strength and Firm Growth. Journal of Management Studies, 30 pages.
2022 Pavlova, I., Graf-Vlachy, L., Petrytsa, P., Wang, S., & Zhang, S. X. (2022). Early evidence on the mental health of Ukrainian civilian and professional combatants during the Russian invasion. European Psychiatry, 65(1), 6 pages.
2021 Tang, J., Zhang, S. X., & Lin, S. (2021). To reopen or not to reopen? How entrepreneurial alertness influences small business reopening after the COVID-19 lockdown. Journal of Business Venturing Insights, 16, e00275.
2021 Noguti, V., Ho, H., Padigar, M., & Zhang, S. X. (2021). Do Individual Ambidexterity and Career Experience Help Technological Startup Founders Acquire Funding&#x003F;. IEEE Transactions on Engineering Management, 1-13.
2021 Zhang, X., Gao, R., Odeh, N., & Leatherbee, M. (2021). A micro-foundational model of real options reasoning: the roles of individual search propensity and perceived uncertainty. Strategic Entrepreneurship Journal, 15(1), 98-120.
DOI Scopus4 WoS4
2021 Yan, J., Kim, S., Zhang, S. X., Foo, M. D., Alvarez-Risco, A., Del-Aguila-Arcentales, S., & Yáñez, J. A. (2021). Hospitality workers’ COVID-19 risk perception and depression: A contingent model based on transactional theory of stress model. International Journal of Hospitality Management, 95, 1-11.
DOI Scopus76 WoS50
2021 Chin, M. K., Zhang, S. X., Afshar Jahanshahi, A., & Nadkarni, S. (2021). Unpacking Political Ideology: CEO Social and Economic Ideologies, Strategic Decision-making Processes, and Corporate Entrepreneurship. Academy of Management Journal, 64(4), 1213-1235.
DOI Scopus15 WoS12
2021 Zhang, S. X., Foo, M. -D., & Vassolo, R. S. (2021). The ramifications of effectuation on biases in entrepreneurship – Evidence from a mixed-method approach. Journal of Business Venturing Insights, 15, e00238.
2020 Jahanshahi, A. A., Dinani, M. M., Madavani, A. N., Li, J., & Zhang, S. X. (2020). The distress of Iranian adults during the Covid-19 pandemic - More distressed than the Chinese and with different predictors.. Brain, behavior, and immunity, 87, 124-125.
DOI Scopus102 WoS83 Europe PMC77
2020 Zhang, S., Afshar Jahanshahi, A., Nawaser, K., Yousefi, A., Li, J., & Sun, S. (2020). At the height of the storm: Healthcare staff’s health conditions and job satisfaction and their associated predictors during the epidemic peak of COVID-19. Brain, Behavior, and Immunity, 87, 144-146.
DOI Scopus153 WoS153 Europe PMC80
2020 Reyes, T., Vassolo, R. S., Kausel, E. E., Torres, D. P., & Zhang, S. (2020). Does overconfidence pay off when things go well? CEO overconfidence, firm performance, and the business cycle. Strategic Organization, 20(3), 510-540.
DOI Scopus6 WoS7
2020 Tang, S., Nadkarni, S., WEI, L., & Zhang, S. X. (2020). Balancing the Yin and Yang: TMT Gender Diversity, Psychological Safety, and Firm Ambidextrous Strategic Orientation in Chinese High-Tech SMEs. Academy of Management Journal, 64(5), 1578-1604.
DOI Scopus22 WoS19
2020 Chen, X., Zhang, X., Jahanshahi, A. A., Alvarez-Risco, A., Dai, H., Li, J., & Ibarra, V. G. (2020). Belief in Conspiracy Theory about COVID-19 Predicts Mental Health and Well-being: A Study of Healthcare Staff in Ecuador. JMIR Public Health Surveill, 6(3), 1-7.
DOI Scopus96 WoS71 Europe PMC49
2020 Zhang, S. X., & Van Burg, E. (2020). Advancing entrepreneurship as a design science: developing additional design principles for effectuation. Small Business Economics, 55(3), 607-626.
DOI Scopus18 WoS12
2020 Wang, W., Liang, Q., Mahto, R. V., Deng, W., & Zhang, S. X. (2020). Entrepreneurial entry: The role of social media. Technological Forecasting and Social Change, 161, 120337.
DOI Scopus16 WoS15
2020 Zhang, S. X., Wang, Y., Rauch, A., & Wei, F. (2020). Unprecedented disruption of lives and work: Health, distress and life satisfaction of working adults in China one month into the COVID-19 outbreak. Psychiatry Research, 288, 6 pages.
DOI Scopus429 WoS392 Europe PMC282
2018 Schmitt, A., Rosing, K., Zhang, S. X., & Leatherbee, M. (2018). A dynamic model of entrepreneurial uncertainty and business opportunity identification: Exploration as a mediator and entrepreneurial self-efficacy as a moderator. Entrepreneurship Theory and Practice, 42(6), 835-859.
DOI Scopus63 WoS57
2017 Zhang, S. X., & Cueto, J. (2017). The Study of Bias in Entrepreneurship. Entrepreneurship: Theory and Practice, 41(3), 419-454.
DOI Scopus114 WoS92
2012 Zhang, S. X., & Babovic, V. (2012). A real options approach to the design and architecture of water supply systems using innovative water technologies under uncertainty. Journal of Hydroinformatics, 14(1), 13-29.
DOI Scopus61 WoS51
2011 Zhang, S. X., & Babovic, V. (2011). An evolutionary real options framework for the design and management of projects and systems with complex real options and exercising conditions. Decision Support Systems, 51(1), 119-129.
DOI Scopus42 WoS39
2009 Buurman, J., Zhang, S., & Babovic, V. (2009). Reducing risk through real options in systems design: The case of architecting a maritime domain protection system. Risk Analysis, 29(3), 366-379.
DOI Scopus40 WoS34 Europe PMC3
- Zhang, S. X., Batra, K., Liu, T., Dong, R. K., Xu, W., Yin, A., . . . Chen, J. (n.d.). Meta-analytical evidence on mental disorder symptoms during the COVID-19 pandemic in Latin America.
- Dai, H., Zhang, S. X., Looi, K. H., Su, R., & Li, J. (n.d.). Health Condition and Test Availability as Predictors of Adults’ Mental Health During the COVID-19 Pandemic. SSRN Electronic Journal.
- Zhang, S. X., Huang, H., & Wei, F. (n.d.). Geographical Distance to the Epicenter of Covid-19 Predicts the Burnout of Working Population: Ripple effect or Typhoon Eye effect?.
- Chen, J., Farah, N., Dong, R. K., Chen, R. Z., Xu, W., Yin, A., . . . Zhang, S. X. (n.d.). The Mental Health Under the COVID-19 Crisis in Africa: A Systematic Review and Meta-Analysis.
- Chen, X., Chen, J., Zhang, M., Chen, R. Z., Dong, R. K., Dong, Z., . . . Zhang, S. X. (n.d.). One Year of Evidence on Mental Health Disorders in China during the COVID-19 Crisis - A Systematic Review and Meta-Analysis.
- Zhang, S. X., Wang, Y., Rauch, A., & Wei, F. (n.d.). Unprecedented disruptions of lives and work – a survey of the health, distress and life satisfaction of working adults in China one month into the COVID-19 outbreak.
- Tang, P. M., Zhang, S. X., Li, C. H., & Wei, F. (n.d.). Geographical identification of the vulnerable groups during COVID-19 crisis: the typhoon eye effect and its boundary conditions.
- Zhang, S. X., Sun, S., Jahanshahi, A. A., Wang, Y., Madavani, A. N., & Dinani, M. M. (n.d.). Beyond Predicting the Number of Infections: Predicting Who Is Likely to Be COVID Negative or Positive. SSRN Electronic Journal.
- Pappa, S., Chen, J., Barnet, J., Chang, A., Dong, R. K., Xu, W., . . . Zhang, S. X. (n.d.). A Systematic Review and Meta-Analysis of the Mental Health Symptoms during the Covid-19 Pandemic in Southeast Asia.
- Zhang, S. X., Liu, J., Jahanshahi, A. A., Nawaser, K., Li, J., & Alimoradi, H. (n.d.). When the storm is the strongest: Healthcare staff’s health conditions and job satisfaction and their associated predictors during the epidemic peak of COVID-19.
- Jahanshahi, A. A., Dinani, M. M., Madavani, A. N., Li, J., & Zhang, S. X. (n.d.). The distress of Iranian adults during the Covid-19 pandemic – More distressed than the Chinese and with different predictors.
- Zhang, S. X., Sun, S., Jahanshahi, A. A., Wang, Y., Madavani, A. N., & Dinani, M. M. (n.d.). Beyond predicting the number of infections: predicting who is likely to be COVID negative or positive.
Year Citation 2015 Jahanshahi, A. A., & Zhang, S. X. (2015). Real options reasoning and innovative performance in the context of dynamic capabilities. In Adoption of Innovation: Balancing Internal and External Stakeholders in the Marketing of Innovation (pp. 181-196). Springer International Publishing.
Year Citation 2019 Zhang, S. X., Choudhury, A., & He, L. (2019). Responsible innovation: The development and validation of a scale. In 79th Annual Meeting of the Academy of Management 2019: Understanding the Inclusive Organization, AoM 2019 Vol. 2019 (pp. 12437). Academy of Management.
2018 Chin, M. K., Xu Zhang, S., Jahanshahi, A. A., & Nadkarni, S. (2018). The effect of two dimensions of CEO political ideology on corporate entrepreneurship. In 78th Annual Meeting of the Academy of Management, AOM 2018 Vol. 2018 (pp. 12910). Academy of Management.
Stephen's research has also drawn wide interest, giving Stephen opportunities to raise more than US$1.5 million of grants in several countries. With the support of World Bank and Chilean Ministry of Economy, Stephen founded the Center for Entrepreneurial Strategy Under Uncertainty in Catholic University of Chile, which ranks #1 in South America.
Stephen teaches entrepreneurship with an action-based approach. This approach has generated many entrepreneurs with highly scalable businesses, and Stephen has been rated as the best professor for his entrepreneurship course in executive master programs.
Current Higher Degree by Research Supervision (University of Adelaide)
Date Role Research Topic Program Degree Type Student Load Student Name 2023 Principal Supervisor The Psychology of Entrepreneurs Master of Philosophy Master Full Time Miss Amira Shahin 2022 Co-Supervisor Essays on top executives from S&P 1500 firms to advance upper echelon theory Doctor of Philosophy Doctorate Full Time Mr Ziheng Zhang 2022 Co-Supervisor Bounded rationality in crowdfunding: investigating heuristics in investors' decision making. Doctor of Philosophy Doctorate Full Time Mr Henry Tue Le 2022 Co-Supervisor Well-being in mining communities: An expanded stakeholder view Doctor of Philosophy Doctorate Full Time Mr Nicholas Alex Gerald Marzohl 2022 Principal Supervisor An Empirical Study on Shared Leadership Among Top Management Teams, Green Absorptive Capacity and SMEs' Green Innovation Doctor of Philosophy Doctorate Full Time Ms Mahsa Javdanmehr 2022 Co-Supervisor Entrepreneurs Mental Health and Institutional Constraints Doctor of Philosophy under a Jointly-awarded Degree Agreement with Doctorate Full Time Ms Yudi Hou
Other Supervision Activities
Date Role Research Topic Location Program Supervision Type Student Load Student Name 2020 - ongoing External Supervisor Entrepreneurial behavior of ethnic minorities Southwestern University of Finance and Economics - Doctorate - Hao Huang 2019 - ongoing External Supervisor Trust in AI UNSW - Higher Doctorate Full Time Fatemeh Jafaralijasbi 2019 - 2020 External Supervisor Entrepreneurship in Brazil FGV São Paulo - Doctorate - Rubens Massa
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