Associate Professor; Dean's Council Distinguished Scholar
Ph.D., University of Michigan
M.A. and B.S., Nankai University
I am passionate about behavioral strategy research. One stream of my research advances a social psychological perspective of corporate governance, strategic leadership, and Chinese management. I have studied how fundamental group decision-making processes (e.g., group polarization, social categorization, social comparison) and personalities influence top executives’ major decisions about corporate governace and corporate strategy (e.g., acquisitions, product and international diversification, imitation, executive compensation, board composition, executive turnover, and risk-taking spending). My current projects examine how top executives’ prior experience and characteristics influence technological exploration and breakthrough inventions, how Confucian values of top executives influence corporate governance practices in China, and the antecedents and strategic consequences of Chinese top executives’ job satisfaction.
Another stream of my research concerns the structure of corporate elite networks and interorganizational networks. I have examined how triads influence the formation and development of relations among top executives who have different demographic characteristics and personalities. My recent projects examine how top executives build and rebuild triads to facilitate interfirm coordination, and how structural positions in resource exchange networks influence market power, corporate strategies, and competitive advantages.
Arizona State University: 2009-present
Previous Appointments: University of Michigan
Editorial board member: Administrative Science Quarterly and Strategic Management Journal
Recent Professional Awards
Co-winner of the William H. Newman Award for the Best Paper Based on a Dissertation, Academy of Management, 2010; Winner of the Louis R. Pondy Award for the Best Paper Based on a Dissertation, Organization and Management Theory division, Academy of Management, 2010; Runner-up for Organizational and Management Theory Best Paper Award, Academy of Management, 2010; Winner of the Best Conference Paper Award, Strategic Management Society International Conference, Washington D. C., 2009; Winner of the Rensis Likert Dissertation Paper Prize, ICOS, University of Michigan, 2009-2010.
Zhu, D. H. and W. Shen (2016). Why do some outside successions fare better than others? The role of outside CEOs' prior experience with board diversity. Strategic Management Journal, 37(13): 2695-2708.
Zhu, D. H. and G. Chen (2015). Narcissism, director selection, and risk-taking spending. Strategic Management Journal, 36(13):2075-2098. .
Zhu, D. H. and G. Chen* (2015). CEO narcissism and the impact of prior board experience on corporate strategy. Administrative Science Quarterly, 60(1): 31-65 (*equal contribution).
Zhu, D. H. and J. D. Westphal (2014). How directors’ prior experience with other demographically similar CEOs affects their selection onto corporate boards and the consequences for CEO compensation. Academy of Management Journal, 57(3): 791-813.
Zhu, D. H., W. Shen, and A. Hillman (2014). Recategorization into the in-group: The appointment of demographically different new directors and their subsequent positions on corporate boards. Administrative Science Quarterly, 59(2): 240-270.
Zhu, D. H. (2014). Group polarization in board decisions about CEO compensation. Organization Science, 25(2): 552-571.
Zhu, D. H. (2013). Group polarization on corporate boards: Theory and evidence on board decisions about acquisition premiums. Strategic Management Journal, 34: 800-822.
Zhu, D. H. and J. D. Westphal* (2011). Misperceiving the beliefs of others: How pluralistic ignorance contributes to the persistence of positive security analyst reactions to the adoption of stock repurchase plans. Organization Science, 22(4): 869-886 (*equal contribution).
Ethiraj, S. and D. H. Zhu (2008). Performance effects of imitative entry, Strategic Management Journal, 29: 797-817.
ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.
MGT 589 - Strategic Management
Formulation of strategy and policy in the organization, emphasizing the integration of decisions in the functional areas.
MGT 792 - Research
Independent study in which a student, under the supervision of a faculty member, conducts research that is expected to lead to a specific project such as a dissertation, report, or publication. Assignments might include data collection, experimental work, data analysis, or preparation of a manuscript.
MGT 799 - Dissertation
Supervised research focused on preparation of dissertation, including literature review, research, data collection and analysis, and writing.
WPC 480 - Capstone Course
Develops a general manager's or business owner's perspective on how organizations can create value. Creating long-run value by repeatedly producing goods and services that customers will buy at prices that cover the costs of producing them is the key to success for business organizations. Analyzing current and future environments to understand threats and opportunities in various institutional settings around the world is the starting point for thinking about how an organization might create value and gain sustainable competitive advantage. Evaluates the impact of institutional settings in different countries and ethical values on decision making. Students learn how to successfully manage relations with key stakeholders including customers, employees, suppliers of capital as well as other component goods and services, and stakeholders from various levels of government in different countries.