Joseph Clougherty

Joseph Clougherty

Professor of Business Administration

  • Email

Contact

4060 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-333-6129

jaclough@illinois.edu

Vita

Google Scholar

SSRN

Update Your Profile Refresh Your Profile

Listings

Educational Background

  • Ph.D., Political Economy & Public Policy, University of Southern California, 1998
  • M.A., International Relations, University of Southern California, 1994
  • B.A., Cum Laude, International Studies & Economics, The American University, 1989

Positions Held

  • Professor, Business Administration, University of Illinois at Urbana-Champaign, 2020 to present
  • Area Chair, Strategy/Entrepreneurship/International Business, Business Administration, University of Illinois at Urbana-Champaign, 2018-2020
  • Associate Professor, Business Administration, University of Illinois at Urbana-Champaign, 2010-2020
  • Senior Research Fellow, Wissenschaftszentrum Berlin (WZB), 2004-2009
  • Associate Professor of Organization & Strategy, Tilburg University, 2001-2004
  • Assistant Professor of Organization & Strategy, Tilburg University, 1998-2001
  • Lecturer, Marshall School of Business, University of Southern California, 1997-1998
  • Instructor, Economics Department, University of Southern California, 1995
  • Teaching Assistant, Economics Department, University of Southern California, 1992-1995

Recent Publications

  • Guo, W., & Clougherty, J. Forthcoming. Cross-border acquisition activity by Chinese multinationals and domestic-productivity upgrading. Asia Pacific Journal of Management.  link >
  • Clougherty, J., & Zhang, N. Forthcoming. Foreign Investor Reactions to Risk and Uncertainty in Antitrust: U.S. Merger Policy Investigations and the Deterrence of Foreign Acquirer Presence. Journal of International Business Studies, forthcoming.  link >
  • Clougherty, J., & Skousen, B. Forthcoming. The Efficiency and Market-Power Interpretations of the MNE: Two Out of Three Ain't Bad. Global Strategy Journal, (forthcoming).  link >
  • Clougherty, J., Duso, T., Seldeslachts, J., & Ciari, L. (2020). Transformational Strategies and Productivity Growth: A Transformational-Activities Perspective on Stagnation in the New-Normal Business Landscape. Journal of Management Studies, 57 (3), 537-568.  link >

Other Publications

Articles

  • Clougherty, J., Kim, J., Skousen, B., & Szücs, F. (2017). The Foundations of International Business: Cross-Border Investment Activity and the Balance between Market-Power and Efficiency Effects. Journal of Management Studies, 54 (3), 340-365.  link >
  • Clougherty, J., Duso, T., Lee, M., & Seldeslachts, J. (2016). Effective European Antitrust: Does EC Merger Policy Generate Deterrence. Economic Inquiry, 54 (4), 1884-1903.  link >
  • Guo, W., Clougherty, J., & Duso, T. (2016). Why are Chinese MNEs not financially competitive in cross-border acquisitions? The role of state-ownership. Long Range Planning, 49 (5), 614-631.  link >
  • Clougherty, J., Duso, T., & Muck, J. (2016). Correcting for Self-Selection Based Endogeneity in Management Research: Review, Recommendations and Simulations. Organizational Research Methods, 19 (2), 286-347.  link >
  • Clougherty, J., & Grajek, M. (2014). International Standards and International Trade: Empirical Evidence from ISO 9000 Diffusion. International Journal of Industrial Organization, 36 70-82.  link >
  • Clougherty, J., Gugler, K., Sørgard, L., & Szücs, F. (2014). Cross-Border Mergers and Domestic-Firm Wages: Integrating 'Spillover Effects' and 'Bargaining Effects'. Journal of International Business Studies, 45 (4), 450-470.  link >
  • Clougherty, J., & Seldeslachts, J. (2013). The Deterrence Effects of U.S. Merger Policy Instruments. Journal of Law, Economics, & Organization, 29 (5), 1114-1144.  link >
  • Barros, P., Clougherty, J., & Seldeslachts, J. (2013). Europeanization of EU Member-State Competition Policy: The Commission's Leadership Role. International Review of Law and Economics, 34 41-51.  link >
  • Bilotkach, V., Clougherty, J., Mueller, J., & Zhang, A. (2012). Regulation, Privatization, and Airport Charges: Panel Data Evidence from European Airports. Journal of Regulatory Economics, 42 (1), 73-94.  link >
  • Clougherty, J., & Duso, T. (2011). Using Rival Effects to Identify Synergies and Improve Merger Typologies. Strategic Organization, 9 (4), 310-335.  link >
  • Clougherty, J., & Moliterno, T. (2010). Empirically Eliciting Complementarities in Capabilities: Integrating Quasi-Experimental and Panel-Data Methodologies. Strategic Organization, 8 (2), 107-131.  link >
  • Barros, P., Clougherty, J., & Seldeslachts, J. (2010). How to Measure the Deterrence Effects of Merger Policy: Frequency or Composition? International Journal of the Economics of Business, 17 (1), 1-8.  link >
  • Clougherty, J. (2010). Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence. International Journal of the Economics of Business, 17 (1), 111-127.  link >
  • Clougherty, J., & Duso, T. (2009). The Impact of Horizontal Mergers on Rival Firms: Gains to Being Left Outside a Merger. Journal of Management Studies, 46 (8), 1365-1395.  link >
  • Clougherty, J., & Zhang, A. (2009). Domestic Rivalry and Export Performance: Theory and Evidence from International Airline Markets. Canadian Journal of Economics, 42 (2), 440-468.  link >
  • Seldeslachts, J., Clougherty, J., & Barros, P. (2009). Settle for Now but Block for Tomorrow: The Deterrence Effects of Merger Policy Tools. Journal of Law and Economics, 52 (3), 607-634.  link >
  • Barros, P., Clougherty, J., & Seldeslachts, J. (2008). Competition policy at work: Deterrence effects of prohibitions and remedies in mergers. VOX.
  • Clougherty, J., & Grajek, M. (2008). The Impact of ISO 9000 Diffusion on Trade and FDI: A New Institutional Analysis. Journal of International Business Studies, 39 (4), 613-633.  link >
  • Clougherty, J. (2006). The International Drivers of Domestic Airline Mergers in Twenty Nations: Integrating Industrial Organization and International Business. Managerial and Decision Economics, 27 (1), 75-93.  link >
  • Clougherty, J. (2005). Antitrust Holdup Source, Cross-National Institutional Variation, and Corporate Political Strategy Implications for Domestic Mergers in a Global Context. Strategic Management Journal, 26 (8), 769-790.  link >
  • Clougherty, J. (2005). Industry Trade-Balance and Domestic Merger Policy: Empirical Evidence from U.S. Merger Policy for Manufacturing Sectors. Contemporary Economic Policy, 23 (3), 404-415.  link >
  • Clougherty, J., & Zhang, A. (2005). Export Orientation and Domestic Merger Policy: Theory and Some Empirical Evidence. Canadian Journal of Economics, 38 (3), 778-806.  link >
  • Clougherty, J. (2003). Non-Market Strategy for Merger Reviews: The Roles of Institutional Independence & International Competitive Effects. Business and Society, 42 (1), 115-143.  link >
  • Clougherty, J. (2002). A Political Economic Approach to the Domestic Airline Merger Phenomenon. Journal of Transport Economics and Policy, 36 (1), 27-48.  link >
  • Clougherty, J. (2002). Domestic Airline Concentration: A Positive Strategic-Trade Analysis. Transportation Research Part E, 38 193-203.  link >
  • Clougherty, J. (2002). US Domestic Airline Mergers: The Neglected International Determinants. International Journal of Industrial Organization, 20 (4), 557-576.  link >
  • Clougherty, J. (2001). Globalization and the Autonomy of Domestic Competition-Policy: An Empirical Test on the World Airline Industry. Journal of International Business Studies, 32 (3), 459-478.  link >
  • Clougherty, J., Dresner, M., & Oum, T. (2001). An Empirical Analysis of Canadian International Air Policy: Effects of Dual Carrier Designation and Partial Liberalization. Transport Policy, 8 (3), 219-230.  link >
  • Clougherty, J. (2000). US Domestic Airline Alliances: Does the National Welfare Impact Turn on Strategic International Gains? Contemporary Economic Policy, 18 (3), 304-314.  link >
  • Clougherty, J. (1996). North American Airline Mergers: A Strategic Response to Imperfectly Competitive International Markets. Transportation Research Record, (1517), 10-16.  link >

Book Chapters

  • Guo, W., & Clougherty, J., E. Banalieva, T. Devinney, T. Pedersen, & L. Tihanyi (Ed.) (2015). The Effectiveness of the State in Chinese Outward Foreign Direct Investment: The 'Go Global' Policy and State-Owned Enterprises. Advances in International Management: Emerging Economies and Multinational Enterprises ( pp. 141-160). Emerald Group Publishing, Ltd.
  • Zhang, A., Zhang, Y., & Clougherty, J., R. Lindsey, A. de Palma, E. Quinet & R. Vickerman (Ed.) (2011). Competition and Regulation in Air Transport. Handbook of Transport Economics ( pp. 797-821). Cheltenham, UK: Edward Elgar.

Working Papers

  • Banal-Estanol, A., Clougherty, J., Seldeslachts, J., & Szücs, F. Mergers Versus Acquisitions: Theory and Empirical Evidence.
  • Clougherty, J., & Duso, T. Relatedness and Mergers.
  • Clougherty, J., Duso, T., & Gugler, K. The Determinants of Value Losses for Non-Merging Rival Firms.
  • Zhang, N., & Clougherty, J. Competition Policy in the Age of Globalization Skepticism: U.S. Antitrust Enforcement and Inward FDI Flows.
  • Clougherty, J., Grajek, M., & Shy, O. Taking 'Some' of the Mimicry Out of the Adoption Process: Quality Management and Strategic Substitution.

Teaching Interests

Joe has taught courses in 'Global Strategy', 'International Business', 'Strategic Management', 'Organizational Theory', 'Economics of International Business', 'International M&As', 'Industrial Organization', 'Microeconomics', 'Macroeconomics', 'Money & Banking', and 'Economic Theories, Ideologies & Policies'.

Research Interests

Joe's research interests are interdisciplinary (combining management, industrial organization, and political economy) and international in both scope and nature. He employs an applied economics approach to research questions in both business and economics, and much of his research attempts to understand the antecedents and consequences of M&A activity. His current research efforts include the following: the impact of merger events on rival firms; the impact of antitrust policy on FDI flows; the balance between efficiency and market-power effects in FDI activities; and the means via which acquisitions increase productivity. Beyond these M&A topics, he is also doing research on the drivers of quality-management adoption.

Current Courses

  • International Business (BADM 380) Introduces the field of international business and management. Examines the economic, political, and legal environments of international business. Analyzes differences in financial management, marketing, and management practices for firms doing business abroad.

  • Economics of Int'l Business (BADM 590) Special topics in the general area of business. Topics are selected by the instructor at the beginning of each term.

Contact

4060 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-333-6129

jaclough@illinois.edu

Vita

Google Scholar

SSRN

Update Your Profile Refresh Your Profile