Stephen Zhang

Stephen Zhang

Adelaide Business School

Faculty of the Professions

In the University of Adelaide, Stephen studies entrepreneurs' and top management's psychology, biases, mental health and etc. He is also starting to study the impact of AI and other innovations on human work and life. He has published several articles in top journals per lists of Financial Times, ABDC, and ERA.

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:

Stephen is the founding director of the Mental Health of Vulnerable Workers Initiative -dedicated to identifying mentally vulnerable workers under Covid-19. Check out some ongoing work on Covid-19 via google scholar:


  • Appointments

    Date Position Institution name
    2020 Associate Professor of Entrepreneurship and Innovation University of Adelaide
    2016 - 2020 Senior Lecturer of Entrepreneurship and Innovation University of Sydney
    2010 - 2017 Assistant Professor of Entrepreneurship and Innovation Catholic University of Chile
  • Journals

    Year Citation
    2020 Yáñez, J. A., Afshar Jahanshahi, A., Alvarez-Risco, A., Li, J., & Zhang, X. (2020). Anxiety, Distress, and Turnover Intention of Healthcare Workers in Peru by Their Distance to the Epicenter during the COVID-19 Crisis.. The American journal of tropical medicine and hygiene.
    2020 Xu, X., Zhang, S., Afshar Jahanshahi, A., Li, J., Bagheri, A., & Nawaser, K. (2020). The Mental Health of Healthcare Staff during the COVID-19 Pandemic: It Depends on How Much They Work and Their Age.
    2020 Wang, W., Liang, Q., Mahto, R., Deng, W., & Zhang, S. (2020). Entrepreneurial entry: The role of social media. Technological Forecasting and Social Change, 161, 120337.
    2020 Zhang, S., & Van Burg, E. (2020). Advancing entrepreneurship as a design science: developing additional design principles for effectuation. Small Business Economics, 55(3), 607-626.
    DOI Scopus3 WoS3
    2020 Zhang, S., 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 Scopus42 WoS31 Europe PMC16
    2020 Zhang, S. X., Huang, H., & Wei, F. (2020). Geographical distance to the epicenter of Covid-19 predicts the burnout of the working population: Ripple effect or typhoon eye effect?. Psychiatry Res, 288, 112998.
    DOI Scopus5 WoS5 Europe PMC1
    2020 Zhang, X., Gao, R., Odeh, N., & Leatherbee, M. (2020). A micro-foundational model of real options reasoning: the roles of individual search propensity and perceived uncertainty. Strategic Entrepreneurship Journal, OnlinePubl, 1-23.
    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 Scopus13 WoS8 Europe PMC6
    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 Scopus8 WoS9 Europe PMC6
    2020 Chen, X., Zhang, S., 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.
    2020 Zhang, S., Chen, J., Afshar Jahanshahi, A., Alvarez-Risco, A., Dai, H., Li, J., & Patty-Tito, R. (2020). Succumbing to the COVID-19 Pandemic: Healthcare Workers not Satisfied and Intend to Leave Their Jobs.
    2020 Zhang, S., Sun, S., Afshar Jahanshahi, A., Alvarez-Risco, A., Ibarra, V., Li, J., & Patty-Tito, R. (2020). Developing and testing a measure of COVID-19 organizational support of healthcare workers - results from Peru, Ecuador, and Bolivia. Psychiatry research, 291, 1-4.
    DOI Scopus1
    2020 Dai, H., Zhang, S., Looi, K. H., Su, R., & Li, J. (2020). Health Condition and Test Availability as Predictors of Adults' Mental Health during the COVID-19 Pandemic.
    2020 Zhang, S., Graf-Vlachy, L., Su, R., Li, J., & Looi, K. H. (2020). Who do not wash their hands during the Covid-19 pandemic? Social media use as a potential predictor.
    2020 Chen, J., Zhang, S., Wang, Y., Afshar Jahanshahi, A., Mokhtari Dinani, M., Nazarian Madavani, A., & Nawaser, K. (2020). The curvilinear relationship between the age of adults and their mental health in Iran after its peak of COVID-19 cases.
    2020 Reyes, T., Vassolo, R., Kausel, E., Torres, D., & Zhang, S. (2020). Does overconfidence pay off when things go well? CEO overconfidence, firm performance, and the business cycle. Strategic Organization, 31 pages.
    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.
    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), 7 pages.
    2020 Tang, P. M., Zhang, S. X., Li, C. H., & Wei, F. (2020). Geographical identification of the vulnerable groups during COVID-19 crisis: Psychological typhoon eye theory and its boundary conditions.. Psychiatry and clinical neurosciences, 74(10), 562-563.
    2020 Dai, H., Zhang, S. X., Looi, K. H., Su, R., & Li, J. (2020). Perception of Health Conditions and Test Availability as Predictors of Adults' Mental Health during the COVID-19 Pandemic: A Survey Study of Adults in Malaysia.. Int J Environ Res Public Health, 17(15), 10 pages.
    2018 Schmitt, A., Rosing, K., Zhang, S., & 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 Scopus15 WoS17
    2017 Zhang, S., & Cueto, J. (2017). The Study of Bias in Entrepreneurship. Entrepreneurship: Theory and Practice, 41(3), 419-454.
    DOI Scopus46 WoS40
    2013 Jahanshahi, A., Zhang, S., & Brem, A. (2013). E-commerce for SMEs: Empirical insights from three countries. Journal of Small Business and Enterprise Development, 20(4), 849-865.
    DOI Scopus30
    2013 Zhang, S., Pramanik, N., & Buurman, J. (2013). Exploring an innovative design for sustainable urban water management and energy conservation. International Journal of Sustainable Development and World Ecology, 20(5), 442-454.
    DOI Scopus9 WoS9
    2012 Zhang, S., & 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 Scopus47 WoS44
    2011 Zhang, S., & 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 Scopus38 WoS36
    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 Scopus32 WoS28 Europe PMC3
  • Book Chapters

    Year Citation
    2015 Jahanshahi, A., & Zhang, S. (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).
    DOI Scopus3
  • Conference Papers

    Year Citation
    2018 Chin, M., Xu Zhang, S., Jahanshahi, 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).
    DOI Scopus1
    2011 Chen, J., Zhang, S., & Lee, D. (2011). Examination of the effectiveness and robustness of the heuristics for bay-based quay crane scheduling problem in port container terminals. In IEEE International Conference on Industrial Engineering and Engineering Management (pp. 1284-1288). Singapore, SINGAPORE: IEEE.

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.

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