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Markku Maula

Markku Maula

Professor
Department of Industrial Engineering and Management

Markku Maula is Professor of Venture Capital and the Head of the Institute of Strategy and Venturing at the at Aalto University School of Science. He earned his PhD at Helsinki University of Technology in 2001 winning the Heizer Doctoral Dissertation Award in New Enterprise Development. He has been a visiting scholar at INSEAD and Stanford University and gained work experience in companies including CapMan and Nokia.

Markku’s research focuses on venture capital and private equity, corporate venturing, mergers and acquisitions, and technology-based new firms, and more generally, on the intersection of strategy, entrepreneurship, international business, innovation, and corporate finance. His research often builds on and contributes to the behavioral theory of the firm, attention-based view, and/or institutional theory and is frequently based on quantitative empirical research applying novel methods in large datasets.

Markku has published his research in leading peer-reviewed journals including Academy of Management Journal, Strategic Management Journal, Organization Science, Journal of Business Venturing, Entrepreneurship Theory & Practice, Strategic Entrepreneurship Journal, Research Policy, and MIS Quarterly, among others. He has also received several international awards for outstanding scholarship.

Markku is Senior Editor of and serves on the Editorial Boards of Strategic Management Journal, Journal of Business Venturing, Entrepreneurship Theory & Practice, and Venture Capital: An International Journal of Entrepreneurial Finance. He was the Founding Director of , has served in many scientific committees and organizations such as the Research Committee of the Entrepreneurship Division of the Academy of Management, and has also acted as an advisor to many firms and government agencies in issues related to his areas of expertise.

Full researcher profile
Telefonnummer
+358405560677

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Venture capital and private equity, Cross-border venture capital, Corporate venturing, Mergers and acquisitions

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Knight, First Class, of the Order of the White Rose of Finland

The decorations of the Orders of the White Rose of Finland are conferred upon citizens who have distinguished themselves in the service of Finland.
Award or honor granted for academic or artistic career Department of Industrial Engineering and Management Jan 2021

Citation of Excellence Award

Citation of Excellence Award by Emerald Group Publishing Limited for an article (co-authored with Juha Uotila, Thomas Keil and Shaker A. Zahra) chosen as one of the top 50 articles with proven impact since its publication date from the top 300 management journals in the world.
Award or honor granted for a specific work Department of Industrial Engineering and Management Jan 2013

The Stevens Institute of Technology Wesley J. Howe for Exellence in Research on the Topic of Corporate Entrepreneurship

Best corporate entrepreneurship paper award for a paper co-authored with Thomas Keil and Henri Schildt at the Babson College - Kauffman Foundation Entrepreneurship Research Conference, United States
Award or honor granted for a specific work Department of Industrial Engineering and Management Jan 2003

Strategic Management Society Best Conference Paper Prize Honorable Mention

For a paper co-authored with Thomas Keil and Henri Schildt at the 30th Annual International Conference of Strategic Management Society, United States
Award or honor granted for a specific work Department of Industrial Engineering and Management Jan 2010

McKinsey & Company Strategic Management Society Best Conference Paper Prize Honorable Mention 

A paper co-authored with Gordon Murray, the 20th Annual International Conference of the Strategic Management Society, Vancouver
Award or honor granted for a specific work Department of Industrial Engineering and Management Jan 2000

The Haynes Prize for Best Paper Award

Best paper award for a paper co-authored with Markus M. Mäkelä, Academy of International Business, United States
Award or honor granted for a specific work Department of Industrial Engineering and Management Jan 2004

The Heizer Doctoral Dissertation Award for Outstanding Research in New Enterprise Development

Best doctoral dissertation award, Entrepreneurship Division, Academy of Management, United States
Award or honor granted for a specific work Department of Industrial Engineering and Management Jan 2002

Publikationer

Mikko Rönkkö, Markku Maula, Karl Wennberg 2025 Entrepreneurship Theory and Practice

Kimmo Halme, Vesa Salminen, Heidi Uitto, Anne-Mari Järvelin, Markku Maula, Tuomas Takalo, Iida Pulliainen, Ansa Wasim, Edward John Sims, Sarah Maneshkarimi 2024

Yu Liu, Markku Maula, Brian C. Pinkham 2024 Journal of Management Studies

Markku Maula, David Wunder 2024 The Palgrave Encyclopedia of Private Equity

David Wunder, Markku Maula 2024 Academy of Management Proceedings

Dimo Dimov, Markku Maula, A. Georges L. Romme 2023 Entrepreneurship: Theory and Practice

Kimmo Halme, Markku Maula, Gordon Murray, Vesa Salminen, Anne-Mari Järvelin, Heidi Uitto, Elisabeth Zaparucha, Heike Nachtigali, Teresa Moreno Martos 2023

Thomas Keil, Yuval Deutsch, Tomi Laamanen, Markku Maula 2023 Journal of Management Studies

Markku Maula, Koenraad Heimeriks, Thomas Keil 2023 Academy of Management Annals

David Wunder, Markku Maula 2023 Academy of Management Proceedings

Euiju Jeon, Markku Maula 2022 Journal of Business Venturing

Markku V. J. Maula, Anna Lukkarinen 2022 Strategic Entrepreneurship Journal

Yu Liu, Markku Maula 2021 Research Policy

Jeffrey M. Pollack, Markku Maula, Thomas H. Allison, Maija Renko, Christina C. Günther 2021 Entrepreneurship Theory and Practice

Markku Maula, Wouter Stam 2020 Entrepreneurship Theory and Practice

Tomi Laamanen, Markku Maula, Markus Kajanto, Peter Kunnas 2018 Long Range Planning

Thomas Keil, Markku Maula, Evangelos Syrigos 2017 Entrepreneurship Theory and Practice

Pasi Kuusela, Thomas Keil, Markku Maula 2017 Strategic Management Journal

Miguel Meuleman, Mikko Jääskeläinen, Markku V J Maula, Mike Wright 2017 Journal of Business Venturing

Juha Uotila, Thomas Keil, Markku Maula 2017 MIS Quarterly

Robin Gustafsson, Mikko Jääskeläinen, Markku Maula, Juha Uotila 2016 International Journal of Management Reviews

Thomas Keil, Shaker.A. Zahra, Markku Maula 2016 Handbook of research on corporate entrepreneurship

Yu Liu, Markku Maula 2016 Academy of Management Journal

Mikko Jääskeläinen, Markku Maula 2014 Journal of Business Venturing

Markku Maula, Thomas Keil, Shaker Zahra 2013 Organization Science

Petri Valkama, Markku. Maula, Erkki Nikoskelainen, Mike Wright 2013 Journal of Banking and Finance

Henri Schildt, Thomas Keil, Markku Maula 2012 Strategic Management Journal

Thomas Keil, Markku Maula, Cameron Wilson 2010 Entrepreneurship Theory and Practice

Markku Maula 2010 Venture Capital: Investment Strategies, Structures, and Policies

Susan A. Hill, Markku V.J. Maula, Julian M. Birkinshaw 2009 Strategic Entrepreneurship Journal

Markku V.J. Maula, Erkko Autio, Gordon C. Murray 2009 Journal of Business Venturing

Juha Uotila, Markku Maula, Thomas Keil, Shaker A. Zahra 2009 Strategic Management Journal

Reinhilde Veugelers, Karl Aiginger, Dan Breznitz, Charles Edquist, Gordon Murray, Gianmarco I.P. Ottaviano, Ari Hyytinen, Aki Kangasharju, Mikko Ketokivi, Terttu Luukkonen, Mika Maliranta, Markku Maula, Paavo Okko, Petri Rouvinen, Markku Sotarauta, Tanja Tanayama, Otto Toivanen, Pekka Ylä-Anttila 2009

Andrew Zacharakis, Sharon Alvarez, Melissa S. Cardon, Julio O. De Castro, Frédéric Delmar, Evan Douglas, Donna Kelley, Jill Kickul, Hans Landström, Tom Lumpkin, Lou Marino, Markku Maula 2009

Thomas Keil, Markku Maula, Henri Schildt, Shaker A. Zahra 2008 Strategic Management Journal

Markus M. Mäkela, Markku V.J. Maula 2008 Entrepreneurship and Regional Development

Andrew Zacharakis, Sharon Alvarez, Melissa S. Cardon, Julio O. De Castro, Evan Douglas, Gerard George, Donald F. Kuratko, Hans Landström, Markku Maula, Maria Minniti, Saras D. Sarasvathy, Albert H. Segars, Paul Westhead, Shaker A. Zahra 2008

Jani Hursti, Markku V.J. Maula 2007 Journal of Business Venturing

Mikko Jääskeläinen, Markku Maula, Gordon Murray 2007 Research Policy

Markku V.J. Maula 2007 Handbook of Research on Venture Capital

Markku Maula, Gordon Murray, Mikko Jääskeläinen 2007

Andrew Zacharakis, Sharon Alvarez, Per Davidsson, James Fiet, Gerard George, Donald F. Kuratko, Colin Mason, Markku Maula, Maria Minniti, Saras D. Sarasvathy, Dean A. Shepherd, Paul Westhead, Johan Wiklund, Mike Wright, Shaker A. Zahra 2007

Mikko Jääskeläinen, Markku Maula, Tuukka Seppä 2006 Entrepreneurship Theory and Practice

Markku V.J. Maula, Thomas Keil, Jukka-Pekka Salmenkaita 2006 Open Innovation: Researching a New Paradigm

Markku Maula, Gordon C. Murray 2006 Globalisation challenges for Europe.Report by the Secretariat of the Economic Council - Part I

Markku V.J. Maula, Gordon Murray 2006 Globalisaation haasteet Euroopalle.Talousneuvoston sihteeristön globalisaatioselvitys.Osa 1

Markku V.J. Maula, Janna Ahlström, Kimmo Haahkola, Mauri Heikintalo, Tom S. Lindström, Heikki Ojanperä, Ari T.P. Tiainen 2006

Markus M. Mäkelä, Markku V.J. Maula 2006 Entrepreneurship Theory and Practice

Ville Valovirta, Ossi Oosi, Petri Uusikylä, Markku Maula 2006

Markku Maula, Erkko Autio, Gordon Murray 2005 Venture Capital: An International Journal of Entrepreneurial Finance

Markku V.J. Maula, Erkko Autio, Pia Arenius 2005 Small Business Economics

Markus M. Mäkelä, Markku V.J. Maula 2005 Venture Capital: An International Journal of Entrepreneurial Finance

S.A. Zahra, Thomas Keil, Markku M.V.J. Maula 2005 European Management Review

Markku Maula, Markus M. Mäkelä 2003 Financial Systems and Firm Performance: Theoretical and Empirical Perspectives

Markku Maula, Gordon C. Murray 2003

Markku Maula, Erkko Autio, Gordon Murray 2003 Venture Capital: An International Journal of Entrepreneurial Finance

Markku Maula 2002 Creating Value: Winners in the New Business Environment