Michael Bednar

Michael Bednar

Associate Professor of Business Administration and Director of Experiential Learning and Robert & Karen May Faculty Fellow

  • LinkedIn

Contact

4062 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-244-0330

mkbednar@illinois.edu

Listings

Educational Background

  • Ph.D., Strategic Management, University of Texas at Austin, 2008
  • B.S., Cum Laude, Accounting, Brigham Young University, 2002

Positions Held

  • Director of Experiential Learning, Business Administration, University of Illinois at Urbana-Champaign, 2019 to present
  • Associate Professor, University of Illinois, 2016 to present
  • Assistant Professor, University of Illinois, 2008-2016

Recent Publications

  • Love, E., Lim, J., & Bednar, M. (2017). The Face of the Firm: How CEOs Affect Corporate Reputations. Academy of Management Journal, 60 (4), 1462-1481.
  • Bednar, M. (2017). The Role of the Media in Corporate Governance. Oxford Research Encyclopedia of Business and Management.
  • Boivie, S., Bednar, M., & Aguilera Vaques, R. (2017). Why is it so hard for boards to govern? The Corporate Board, 38 (222), 16-20.
  • Bednar, M. (2016). Overcoming barriers to effective board oversight. CGMA Magazine, 40-43.
  • Boivie, S., Bednar, M., & Andrus, J. (2016). Boards Aren't the Right Way to Monitor Companies. Harvard Business Review (online).
  • Boivie, S., Bednar, M., Aguilera Vaques, R., & Andrus, J. (2016). Are boards designed to fail?: The implausibility of effective board monitoring. Academy of Management Annals, 10 (1), 319-407.

Other Publications

Articles

  • Bednar, M., Love, E., & Kraatz, M. (2015). Paying the price? The impact of controversial governance practices on managerial reputation. Academy of Management Journal, 58 (6), 1740-1760.
  • Boivie, S., Bednar, M., & Barker, S. (2015). Social Comparison and Reciprocity in Director Compensation. Journal of Management, 41 (6), 1578-1604.
  • Aguilera Vaques, R., Desender, K., Bednar, M., & Lee, J. (2015). Connecting the Dots: Bringing External Corporate Governance into the Corporate Governance Puzzle. Academy of Management Annals, 9 (1), 483-573.
  • Bednar, M., Boivie, S., & Prince, N. (2013). Burr under the saddle: How media coverage influences strategic change. Organization Science, 24 (3), 910-925.
  • Bednar, M. (2012). Watchdog or lapdog? A behavioral view of the media as a corporate governance mechanism. Academy of Management Journal, 55 (1), 131-150.
  • Westphal, J., & Bednar, M. (2008). The pacification of institutional investors. Administrative Science Quarterly, 53 29-72.
  • Westphal, J., & Bednar, M. (2005). Pluralistic Ignorance in Corporate Boards and Firms' Strategic Persistence in Response to Low Firm Performance. Administrative Science Quarterly, 50 262-298.

Book Chapters

  • Bednar, M., & Westphal, J., David Ketchen and Donald Bergh (Ed.) (2006). Surveying the Corporate Elite: Theoretical and Practical Guidance on Improving Response Rates and Response Quality in Top Management Survey Questionnaires. Research Methodology in Strategy and Management, Volume 3 ( pp. 37-55). Greenwich, CT: JAI Press.

Conference Proceedings

  • Bednar, M., Love, E., & Kraatz, M. (2011). The Reputational Impact of Corporate Governance: The Case of Poison Pills. Academy of Management Best Paper Proceedings.
  • Westphal, J., & Bednar, M. (2006). How top managers use interpersonal influence to neutralize the effects of institutional ownership. Academy of Management Best Paper Proceedings.
  • Hendron, M., Bednar, M., & Henderson, A. (2005). How aspiration levels affect response to a punctuating technological change: An empirical test. Academy of Management Best Paper Proceedings.

Presentations

  • Ramaswamy Vijayasankaran, A., & Bednar, M. (2019). Stakeholder Management and CEO Compensation: Main effects and interactions. Academy of Management Annual Meeting.
  • Lim, J., Love, E., & Bednar, M. (2019). Changing of the guard: The impact of CEO succession on corporate reputation. 35th EGOS Colloquium.
  • Bednar, M. (2017). Paying the price: The reputational impact of controversial governance practices. Oxford Univ. Reputation Centre Annual Conference.
  • Bednar, M. (2016). Content Analysis in Organizational Research: Techniques and Applications. Academy of Management Annual Meeting.
  • Bednar, M. (2016). Exploring more effective ways to study board effectiveness. Academy of Management Annual Meeting.
  • Lee, J., Bednar, M., & Hendron, M. (2015). Media Capture: How Inter-organizational Ties Shape Media Coverage about Corporate activities. Oxford Univ. Reputation Centre Annual Conference.
  • Lee, J., Bednar, M., & Hendron, M. (2015). Fair and Balanced? How Resource Dependence Shapes Media Coverage. Academy of Management Annual Meeting.
  • Bednar, M., Vadera, A., & Aguilera Vaques, R. (2014). Minding the store: Board independence, board expertise, and white-collar crime. Academy of Management Annual Meeting.
  • Love, E., Lim, J., & Bednar, M. (2013). The face of the firm: How CEOs affect corporate reputation. Academy of Management Annual Meeting.
  • Bednar, M., Vadera, A., & Aguilera Vaques, R. (2013). Minding the store: How formal and social board independence affect white-collar crime. Midwest Strategy Meeting.
  • Bednar, M., Love, E., & Kraatz, M. (2013). The reputational impact of corporate governance: The case of poison pills. BYU-Utah Strategy Conference.
  • Lee, J., & Bednar, M. (2012). How interlocking boards of directors influence media coverage. Association for Education in Journalism and Mass Communication.
  • Lim, J., Love, E., & Bednar, M. (2012). The face of the firm: How CEOs affect corporate reputations. American Sociological Association Annual Meeting.
  • Bednar, M., & Boivie, S. (2011). The Ratchet Effect of Director Pay: Social Comparison and Reciprocity in Director Compensation. Academy of Management Annual Meeting.
  • Bednar, M., Love, E., & Kraatz, M. (2011). The Reputational Impact of Corporate Governance: The Case of Poison Pills. Academy of Management Annual Meeting.
  • Bednar, M., Love, E., & Kraatz, M. (2011). The reputational impact of corporate governance: The case of poison pills. Midwest Strategy Meetings (Purdue University.
  • Bednar, M., Boivie, S., & Prince, N. (2010). Burr under the saddle: How media coverage influences strategic change. Academy of Management Annual Meeting.
  • Bednar, M. (2009). Symbolic action and the media as a governance mechanism. Academy of Management Annual Meeting.
  • Bednar, M., & Fang, E. (2009). An examination of what, how and when TMT experience matters for firm innovativeness. Academy of Management Annual Meeting.
  • Bednar, M., Boivie, S., & Hendron, M. (2009). The Ratchet Effect of Director Pay: Social Exchange and Status in Director Compensation. 29th Annual International Conference of Strategic Management Society Conference.
  • Kilduff, M., Hendron, M., & Bednar, M. (2009). How Self-Monitoring and the Five-Factor Model Relate to Network and Strategic Change. Academy of Management Annual Meeting.
  • Bednar, M. (2007). Increasing board effectiveness by overcoming barriers to knowledge sharing among directors. Academy of Management Annual Meeting.
  • Bednar, M., Hendron, M., & Kilduff, M. (2007). The social networks of entrepreneurs: A dynamic approach. Academy of Management Annual Meeting.
  • Westphal, J., & Bednar, M. (2006). How top managers use interpersonal influence to neutralize the effects of institutional ownership. Academy of Management Annual Meeting.
  • Hendron, M., Bednar, M., & Henderson, A. (2005). How aspiration levels affect response to a punctuating technological change: An empirical test. Academy of Management Annual Meeting.
  • Westphal, J., & Bednar, M. (2005). On the road to Abilene: Pluralistic Ignorance on corporate boards and firms' strategic persistence. Academy of Management Annual Meeting.

Working Papers

  • Lee, J., Bednar, M., & Hendron, M. Media Capture: How Inter-organizational Ties Shape Media Coverage about Corporate activities.
  • Lim, J., Love, E., & Bednar, M. Changing of the Guard: The Impact of CEO Succession on Corporate Reputation.
  • Bednar, M., Vadera, A., & Aguilera Vaques, R. Minding the store: The relationship between formal and social independence of the board and white-collar crime.
  • Hendron, M., Bednar, M., & Henderson, A. How performance relative to aspiration levels affects strategic response to technological discontinuity.

Honors and Awards

  • Robert & Karen May Faculty Fellow University of Illinois, Gies College of Business, 2019 to present
  • Deans Impact Award Gies College of Business, 2018
  • Teaching Excellence Award Full-Time MBA, 2015,2016
  • Best Published Paper Oxford University Centre for Corporate Reputation, 2015

Service

  • Editorial Review Board, Strategic Management Journal, 2013 to present
  • Editorial Review Board, Academy of Management Journal, 2013 to present

Research Interests

Corporate Governance, Boards of Directors, Top Management Teams, Media

Courses

  • Business in Action (BADM 199) May be repeated.
  • Managing Organizations (BADM 509) Examines and analyzes the organization as a social system and the impact of its various components on work attitudes and behavior; topics include the development of organizational structures, organizational effectiveness, decision making and policy formulation, leadership, and change.
  • Proseminar in Org Behavior (BADM 591) Lectures in topics of current interest not covered by regular course offerings. Subjects are announced in the Class Schedule. Approved for letter and S/U grading. May be repeated in the same term and/or separate terms as topics vary; unlimited credit hours for graduate and professional students.

Contact

4062 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-244-0330

mkbednar@illinois.edu