About Us

As the first funded nuclei milenio in management, we enjoy the reputation of the leading research center in entrepreneurship, strategy and behavioral decision making under uncertainty in Chile. This reputation is further enhanced by the young and growing researchers in the center (mostly alumni from top research universities, such as Harvard, MIT, Stanford, UC Berkeley, NUS, Purdue). We leverage the unique access to entrepreneurs/CEOs and other data sources in South America, and these accesses are leveraged for the benefit of the center's master and doctoral students.

The center is also establishing tight international research network, with prolific scholars such as Michael Frese, Kathleen Eisenhardt, and Felipe Csaszar. All of these aim to achieve the overriding objective, which is to construct the first center of international excellence in this area of research.

We are hosted by Catholic University of Chile (ranked #1 in South America) and Adolfo Ibáñez University (top MBA program in South America).

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Stephen Zhang, Director

Entrepreneurship, Entrepreneurial decision-making, CEOs, Innovation decision ...

Santiago Mingo, Deputy Director

Business strategy, international business, global strategy, emerging markets,...

Qingxia Kong, Director of student research

Decision-Making under Uncertainty, Healthcare Operations Management, Sports A...

Michael Leatherbee, Director of outreach

High-growth entrepreneurial strategy, simple-rules decision-making under unce...

Julio A. Pertuzé, Director of communications

Technology strategy, innovation management, collaborations and alliances, org...

Tomás H. Reyes, Director of student research

Corporate Finance, Behavioral Finance and Economics.

Hector Madrid

Organizational behavior, creative thinking, innovative work behavior, proacti...

Edgar Kausel

Judgment and Decision Making, Individual Differences, Narcissism

Sergio Lopez

Perceptions of Job Insecurity, Job Performance, Organizational Citizenship Be...

Patricio Duran

Business strategy, global strategy, institutional strategy, comparative corpo...

Advisory Board

Kathleen Eisenhardt (Stanford)

Behavioral Strategy, Entrepreneurship

Felipe Csaszar (Michigan)

Strategy, Organization design, Decision making

Michael Frese (NUS)

Entrepreneurship, Organizational behavior, Innovation

Research Students

Claudia Moura

affects, emotions, entrepreneurship, cognition

Bernardita Manasevich

Cross-border investment, distance between countries, decision making

Camila González

Organizational behaviour,management, group dynamics.

Nicolás Odeh

Real Options Reasoning Uncertainty in Entrepreneurship and Innovation Negotia...

Asghar Afshar Jahanshahi

Perceived environmental uncertainty, CEO Decision Making Styles

Marco Sepúlveda

Finance, transport, logistic and industrial area in general

Joaquín Trucco

Corporate Finance and Behavioral Decision Making

Francisco Carrasco

Entrepreneurship, Innovation.

Víctor Muñoz

Institutions and entrepreneurship in emerging markets, Business policiy and s...

Paulo Buchuk

Corporate Governance, Business Strategy, International Business, Entrepreneur...

Amanda Williamson

Entrepreneurial emotion, mood, affect.


Public-Private Institutions as the Foundations for Information and Firm Upgrading in Emerging Market Countries

Gerald MCdermontt

Universidad Adolfo Ibáñez, Peñalolen, Sala 305-C Edif. Postgrado, April 5, 2016, 1:30 p.m.

How can emerging market societies accelerate the ability of their firms to innovate and thus compete in international market in a sustainable fashion? Much of the work on this issue focuses on two ways that domestic firms can learn and improve their dynamic capabilities – via their ties to MNCs as suppliers or via their ties to one another in local cluster. These sources are not sufficient, as neither the critical knowledge nor the adequate learning relationships are forthcoming simply due to market or social forces. Instead, my research shows first how local firms need access to a variety of applied or experiential knowledge resources, not simply pioneering technology. Second, I find that certain public-private institutions can act as vital social and knowledge bridges to facilitate... [see more]

Tips on writing/publishing multidisciplinary research, with an illustration of a recent publication on hybrid organization

Jeffery S. McMullen

PUC, Jan. 14, 2016, 1 p.m.

This talk covers tips on writing/publishing multidisciplinary research. Despite the intuitive appeal of multidisciplinary research, practical challenges exist for conducting such research and publish them. This talk highlights some aspects of multidisciplinary research with an illustration of a recent publication on hybrid organization. Hybrid organizations, such as Benefit Corporations, are created explicitly to address social and environmental objectives in addition to their financial objective. Therefore, in this paper we explore the consequences of a world of blended value in which every new venture is required to be a hybrid organization.

Made it to the top, but how do they compare? CEOs, Gender and Strategic Decisions

Daniel L. Gamache

PUC, Dec. 17, 2015, 1 p.m.

Although past research has found that a number of CEO characteristics affect organizational outcomes, one characteristic that has largely been ignored is CEO gender. Conventional wisdom suggests that female executives often must act like males in order reach the upper echelons; however, gender research has found that men and women often act very differently. In this study, we examine the effect of CEO gender on strategic decision making. Drawing on role congruity and lack of fit theories, we theorize that female CEOs perceive greater downside potential from their strategic decisions than male CEOs; consequently, they will make different strategic decisions than male CEOs. We explore this in the context of firm acquisition activity. Thus, we propose that female CEOs will pursue lower acq... [see more]

Publishing without Perishing

Timmothy M. Devinney

UAI, Edificio C, Sala 308, Dec. 7, 2015, noon

This seminar will focus on the logic of publishing in today’s academic reality. It will also cover aspects of a publishing strategy — how to write, what to write, what evidence is, and how to deal with rejection in a positive way.

Student Seminar 21 August

Several Speakers

UAI, Edificio C, Sala 301, Aug. 21, 2015, noon

Several Abstracts

Does Risk Shifting Really Happen? Results from and Experiment

Pablo Hernández-Lagos

Pontifica Universidad Católica, San Joaquin Campus, Raul Deves Building/ Meeting room 3rd Floor, July 9, 2015, 11 a.m.

Do firms increase the riskiness of their cash flow in the presence of high level debt? So far, the evidence is mixed and difficult to interpret, because risk taking is hard to measure and because some assumptions from the theory do not map well into broad empirical settings. We overcome these problems by using a controlled experiment, with high-level managers as subject. Our findings shed light on environments in which risk shifting is likely to happen, and thus where it could be detected using observational data.

Skills for Delivering Dynamic Business Pitches and Presentations

Daena Giardella, MIT

Centro de Innovación UC Anacleto Angelini, Co- Work, piso 5to, June 16, 2015, 11:30 a.m.

En esta ocasión se hablará sobre como se puede combinar el teatro con la docencia. Este tema se ha llevado a cabo en MIT Sloan School of Management y en la Facultad de Derecho de la Universidad de Harvard, entregando a sus alumnos un nuevo método para la enseñanza de la improvisación, actitud empresarial y liderazgo en equipos emprendedores.

Unhelpful Help: The Seamy Underbelly of Organizational Citizenship Behavior, and What Organizations Can Do About It

Reeshad S. Dalal, George Mason University

T-1002, University of Chile, June 3, 2015, noon

En esta oportunidad el tema a conversar se denomina: “Unhelpful Help: The Seamy Underbelly of Organizational Citizenship Behavior, and What Organizations Can Do About It”. Este workshop será dictado por la profesor Reeshad S. Dalal, quien es Académico de George Mason University y realizó sus estudios de Ph.D., Industrial/Organizational Psychology, University of Illinois.

A Networked Perspective on the Engineering Design Process: At the Intersection of Process and Organisation Architectures

Pedro Parraguez (Danish Technical University)

BC25 PUC, April 17, 2015, 4 p.m.

The design process of engineering systems frequently involves hundreds of activities and people over long periods of time. Such socio-technical complexity makes design processes hard to manage and, as a result, engineering design projects often fail to be on time, on budget, and on specifications. Previous approaches have been insufficient to provide a networked perspective that allows the challenging combination of organisational and process complexity to unfold. The lack of a networked perspective also has limited the study of the relationships between process complexity and process performance. This thesis reports on research undertaken to develop, apply and test a new framework that characterises the actual design process architecture of engineering systems as a networked process. ... [see more]

The effect of charisma on performance in management

John Antonakis (HEC Lausanne)

P-301, University of Chile, April 9, 2015, 6 p.m.

The effect of charisma on performance in management


Madrid, H. P., Patterson, M. G. & Leiva P. I. (2015). Negative core affect and employee silence: How differences in activation, cognitive rumination and problem-solving demands matter.. Journal of Applied Psychology

Salvato, C. and R. Vassolo. (2016). The sources of dynamism in dynamic capabilities: a multilevel theory. Strategic Management Journal

Kausel, E. E., Hansen, E., & Tapia, P. (2016). Responsible Personal Finance: The Role of Trait Conscientiousness in Saving Behavior.. International Review of Finance

Julio Pertuzé (2016). La intuición en la toma de decisiones. El Mercurio


Khoury, T., Junkunc, M., and Mingo, S. (2015). Navigating Political Hazard Risks and Legal System Quality: Venture Capital Investments in Latin America. . Journal of Management

Madrid, H. P. & Patterson, M. G. (2015). Creativity at work as a joint function between openness to experience, need for cognition and organizational fairness. . Learning and Individual Differences.

Kausel, E. E. (2016). Scholarly impact in the organizational sciences in and from Iberoamerica: A personal reflection. . The Journal of the Iberoamerican Academy of Management

Kausel, E. E., Culbertson, S. S., Leiva, P. I., Slaughter, J. E., & 3. Jackson, A. T. (2015). Too arrogant for their own good? Why and when narcissists dismiss advice.. Organizational Behavior and Human Decision Processes


Pertuze, J.A. (2016). How do industry-university relationshisp coevolve with firm strategy. 76th Annual Meeting of the Academy of Management, Anaheim, California

Olivares, N., Pertuze, J.A., Reyes, T.H. (2016). Real options reasoning and innovation: the causal effect of country leaders on patenting. XVIII CLAIO Confernece

Gonzalez, C.F. Pertuze, J.A. (2015). “¿Por qué incluir más mujeres no soluciona el problema de liderazgo femenino en grupos de ingeniería?. XXVIII Congreso Chileno de Educación en Ingeniería, Copiapó, Chile

Madrid, H. P., Totterdell, P., Niven, K. & Barros, E. (2016). Leader affective presence and innovation in teams.. Journal of Applied Psychology

Zhang, S. X. and A. Afshar-Jahanshahi (2015). How Do Perceived Uncertainties Propagate in Management Interpretation Process. The 35th SMS Annual International Conference, Denver

Schmitt, A., R. Kathrin, S. X. Zhang, M. Leatherbee, and M. Frese (2015). Audacious Exploration: The Role of Entrepreneurial Self-efficacy in the Face of Uncertainty. 75th Academy of Management Conference, Vancouver, Canada

Zhang, S. X. and E. van Burg (2015). Identifying design elements and principles for effectuating new ventures. 31st EGOS Colloquium 2015, Athens, Greece

Zhang, S. X. and A. Afshar-Jahanshahi (2015). How Do Perceived Uncertainties Propagate in Management Interpretation Process– a Moderated-Mediation Model of Founder-CEOs’ Perception of State, Effect, and Response Uncertainties. Biannual Frontiers in Managerial and Organizational Cognition Conference, Copenhagen, Denmark

Odeh N. and S. X. Zhang (2015). Microfoundations of Real Options Reasoning. Darden & Cambridge Judge Entrepreneurship and Innovation Research Conference, 29th –30th June, Cambridge, UK.

Zhang, S. X. and N. Odeh (2015). A Behavioral Study of Real Options Reasoning: The Role of Perceived Uncertainty and Opportunity Discovery Behavior, Proceedings of Strategic Management Society . Santiago Conference


Dec. 11, 2015

Prof. Michael Leatherbee presentation at Kosmopolitis Chile

Aug. 24, 2015

Professor from the Nuclei gets important conference award

Professor Julio A. Pertuzé won the Best Paper Award of the XIII Triple Helix International Conference, held in Beijing from the 21st to the 23rd of August of 2015. Julio Pertuzé is a professor of Industrial Engineering at PUC and is currently a full member researcher of the ESUU Nuclei, and his awarded paper was titled "How do industry University Relationships Coevolve with Firm Strategy?". The Triple Helix Association is a non-profit, non-governmental association with scientific and academic objectives, with a research focus on the Triple Helix Model.