Carl Fey

Dr. Carl F. Fey is a Professor of International Business at Aalto University School of Business in Helsinki, Finland. Most of Professor Fey’s research focuses on developing an understanding of how cultural and institutional differences between countries affect which management practices work best with a particular interest in what management practices work best in Russia and China. Fey. In addition to research, Fey done much executive education and consulting for firms related to this. From 2011 to 2015 Fey was Dean of Nottingham University Business School China, Director of Executive Education, and a Chaired Professor of International Business. Nottingham University Business School China has about 2500 students and a faculty of 90 coming from over 25 countries around the world (Fey has hired over 55 long-term faculty and over 20 full-time visiting faculty during his deanship). The profile of Nottingham University Business School China has increased significantly during Professor Fey’s 4.5 years of leadership with a focus around the three Is of International, Innovative, and Interactive and a big move to faculty development and interactive teaching which has resulted in teaching evaluations improving by 23%, research output in top journals increasing by over 240%, increasing practical activities for students like the NUBS China consulting program, developing closer ties to businesses, and an innovative start of executive education which focuses on not only teaching content but also helping client firms implement learnings from the programs. Implementation of a faculty mentoring system, a faculty appraisal system, an innovative research funding system for outstanding researchers, and research methods and teaching methods seminar series have also been important initiatives to help raise the profile of the school. Prior to joining Nottingham University Business School China Fey was a Professor at Stockholm School of Economics in Sweden where among other responsibilities he helped the school start and develop a branch campus in Russia which became a leader in Russia for EMBA programs and executive education which were the school’s focus. Professor Fey obtained his Ph.D. at the University of Western Ontario’s Richard Ivey School of Business in Canada. As mentioned above, most of Professor Fey’s research focuses on developing an understanding of how cultural and institutional differences between countries affect which management practices will work best. Indeed, much of his research aims to better understand what management practices work best in the large transforming economies of China and Russia. More specifically, Professor Fey’s research focuses on international aspects organizational culture and effectiveness, leadership, strategic human resource management, foreign market entry, mergers and acquisitions, and knowledge transfer. Professor Fey has published over 45 articles in various academic journals including the Journal of International Business Studies, Strategic Management Journal, and Organization Science. Fey has also published articles in many managerially-oriented outlets such as the Wall Street Journal. Professor Fey is recipient of the 2013 Journal of International Business Studies Decade Award which is an award given for the article published in the Journal of International Business Studies one decade ago which has had the largest influence on the field of international business. Fey was also named a Qinjin Scholar in 2013 which is the highest distinguished professor award for any subject area in Zhejiang Province. Professor Fey has taught at all levels including undergraduate, MBA, EMBA, executive education, and Ph.D. Most of Fey’s teaching focuses on foreign market entry, leadership, teamwork, organizational culture, change management, managing alliances/ mergers/ acquisitions, and strategic innovation. Professor Fey is especially experienced in executive education where he has directed and taught on many different executive programs including company-specific training programs and EMBA programs where his courses have consistently been top rated. Unlike many faculty he has much experience in sales, design, management, and teaching on different programs. Professor Fey is known for innovative program design. Professor Fey is also an active speaker. Known as a very engaging and innovative speaker who is very interactive with his audience even with larger groups, Fey’s trademark is adapting global best practice to Chinese and Russian reality. Professor Fey has worked as a consultant for many leading foreign and local firms in Russia and China normally helping them increase their organizational effectiveness or succeed with foreign market entry or post-merger integration. Clients in Russia have included international companies like Norwegian bank DnB Nord, joint ventures like TNK-BP (Russia’s largest foreign investment deal), large Russian firms like Gaspromneft, and medium-sized Russian firms like Promet and Russian banks like Rosavtobank. Professor Fey has also done consulting work in the CIS region for firms such as Ukraine’s large industrial group System Capital Management. Clients in China have included firms like Siemens (one of China’s largest foreign investors) and Chinese firms like Sinopec and China Railway Rolling Stock Corporation (CRRC). Fey also served as an advisor to the Russian government on long-term business development issues and is a leader of the World Economic Forum’s global competitiveness project for Russia. Professor Fey is a founding member of the 1700 member International Association of Chinese Management Research and served on its executive board between 2008-2010. Fey has also served as a visiting professor at China Europe International Business School in Shanghai, China. Fey is also founder of the Russian Management Research Caucus held each year at the Academy of Management Meetings since 2007. Prior to returning to academia, Fey started and ran a business importing sports products from Russia to the USA and distributing them in the US.

MAJOR CURRET RESEARCH PROJECTS

• How cultural and instiuional differences between countries affect what organiztonal cultures work best in Russia and China
• The role of knowledge transfer as a driver of successful post-merger integation in iterational M&As in China
• How cultual and instittnal differences beween countries affect what network characteriscs work best
• What management practices facilititate innovatin n China and Russia

Publications

Doctoral Dissertation

Organizational Climate Similarity and Performance: IJVs in Russia. (Supervisor, Professor Paul Beamish) 1997

Journal Articles

• Morgoulis-Jaoushev, S., H.E. Yildiz, and Fey, C.F. 2017. We the same is (not) the aim: A treatise on organizational cultural similarity, fit, and knowledge transfer. Journal of World Business, forthcming.
• Lewin, A.Y., Chiu,C.-Y., Fey, C.F. Levin, S.S., McDermott, G., Murmann, P., and Tsang, E. 2016. The critiqe of empirical social science: New policies at Management and Organizational Review, Managemnt and Organizational Review,12(4): 1-10.
• Yildiz, H.E. and Fey, C.F. 2016. Are the extent and effect of psycic distance perceptios symmetrica in cross-border M&As? Evidence from China and Sweden. Journal of International Business Studies, 47(7): 830-857.
• Published Journal Articles Fey, C.F., Nayak, A.K.J.R., Wu, C., and Zhou, A. 2016. Internationalization strategies of emerging market multinationals: A five M framework. Journal of Leadership and Organizational Studies, Forthcoming.
• Gao, S., Xie, Y., Jiang, X., and Fey, C.F. 2015. Social ties and indigenous innovation in China’s transition economy: The moderating effects of learning intent. Industry and Innovation, 22(2): 79–101.
• Minbaeva, D., Pedersen, T., Björkman, I., Fey, C. F. 2014. A retrospective on: MNC knowledge transfer, subsidiary absorptive capacity and HRM. Journal of International Business Studies, 45(1): 52–62.
• Yildiz, H.E. and Fey, C.F. 2012. The liability of foreignness reconsidered: New insights from the alternative research context of transforming economies. International Business Review, 21(2):269-280.
• Fey, C.F. 2012. The key commandments of leadership. Zheshang. 148: 109. (in Chinese)
• Chen, Y., Zhang, Y., and Fey, C.F. 2011. When collaborative HR practices may not work well: The moderating role of social capital in the Chinese life insurance industry. International Journal of Human Resource Management, 22(2): 433-456.
• Fey, C.F. and Shekshnia, S. 2011. The key commandments of doing business in Russia. Organizational Dynamics, 41(1): 57-66. Yildiz, H.E. and Fey, C.F. 2010. Compatibility and unlearning in knowledge transfer in mergers and acquisitions. Scandinavian Journal of Management, 26(4): 448-456.
• Fey, C.F., Kasperskaya, N., Kuznetsova, I., Sverdlov, D., and Shvakman, I.. 2010. How to Retain Employees. Harvard Business Review Russia, (September): 61-70.
• Fey, C.F. 2010. The key to doing Business in Russia. First, 33-36. (a special issue to serve as the official publication of the St. Petersburg International Economic Forum consisting of about 8 articles including an interview with Russian president Dmitry Medvedev, an article by the UK ambassador to Russia, an article by the President of the Russian Union of Industrialists and entrepreneurs, an article by the deputy CEO of Gasprom, and my article).
• Fey, C.F., Morgulis-Yakushev, S., Park, H.J., & Björkman, I. 2009. Opening the black box of the relationship between HRM practices and firm performance: A comparison of MNC subsidiaries in the USA, Finland, and Russia. Journal of International Business Studies, 40: 690-712.
• Fey, C.F. 2008. Treatment for passivity: A recipe for Russia. Harvard Business Review Russia, (Sep): 84-96 (in Russian).
• Fey, C.F., & Furu, P. 2008. Coordination mechanisms and knowledge sharing in multinational corporations: The case of China and Finland. Strategic Management Journal, 29(12): 1301-1323.
• Fey, C.F. 2008. Overcoming a Leader’s Greatest Challenge: Involving Employees in Firms in Russia. Organization Dynamics, 37(3): 254-265.
• Fey, C. F. and Korchakova, N. 2007. What can the Russian government do to facilitate Russian firms going abroad: Learnings from around the world. Vedimosti, August 13, 2007: A4. (In Russian).
• Björkman, I., Fey, C. F., & Park, H. J. 2007. Explaining choice of MNC subsidiary human resource management practices: Evidence from a three-country study. Journal of International Business Studies, 38(3): 330-446.
• Fey, C. and Korchakova, N. 2007. What can the Russian government do to facilitate Russian firms going abroad: Learnings from around the world. Harvard Business Review Russia, August, 17-20. (In Russian).
• Mills, T., Dukeov, I., and Fey, C. 2007. Russian competitiveness in the global economy. Journal of East-West Business, 13(4), 97-138.
• Doren, R. & Fey, C.F. 2006. E-Commerce developments and strategies for value creation: The case of Russia. Journal of World Business, 41(4): 315-327.
• Fey, C. F., DeKoning, A, & Delios, A. 2006. How similar is the world in the internet era: A comparison of eBusiness in China, Russia, and Sweden. Thunderbird International Business Review, 48(5): 727-748.
• Fey, C. F. & Birkinshaw, J. 2005. External sources of knowledge and performance in R& D organizations. Journal of Management,31(4): 597-615. Fey, C. F. 2005. Opening the black box of motivation: A cross-cultural comparison of Sweden and Russia. International Business Review, 14(3): 345-367.
• Fey, C. F. & Denison, D. 2005. Organizational culture and effectiveness: Can American theory be applied in Russia? Voprosi Ekonomiki (key economics/business journal of the Russian Academy of Science, in Russian). (April). (translated into Russian and re-printed from my 2003 Organization Science article with permission.
• Fey, C.F. & Denison, D. R. 2004. Organizational culture and effectiveness: Can American theory be applied in Russia? Russian Energy Journal, 2(6): 25-44. (re-printed in English from my 2003 Organization Science article with permission).
• Fey, C. F., Pavlovskaya, A, & Tang, J. 2004. Does one shoe fit everyone? A comparison of human resource management in China, Russia, and Finland. Organization Dynamics, 33(1): 79-97.
• Fey, C.F., Pavlovskaya, A, & Tang, N. 2004. How universal are human resource management practices: A comparison of Russia, China, and Finland. Russian Management Journal, (1): 53-70 (in Russian).
• Park, H. J., Mitsuhashi, H., Fey, C. F., & Björkman, I. 2003. The effect of human resource management practices on Japanese MNC subsidiary performance – A partial mediating model. International Journal of Human Resource Management, 14(8): 1391-1406.
• Minbaeva, D., Pedersen, T., Björkman, I., Fey, C. F., & Park, H. J. 2003. MNC knowledge transfer, subsidiary absorptive capacity and HRM. Journal of International Business Studies, 34: 586-599.
• Fey, C. F. & Denison, D. 2003. Organizational culture and effectiveness: Can American theory be applied in Russia? Organization Science, 14(6): 686-706.
• Birkinshaw, J. & Fey, C. F. 2003. Organization of research and development in large international firms. Management International Review, 43(3): 27-46.
• Doern, R. & Fey, C.F. 2002. The emergence of eBanking in Russia. European Business Forum, (8): 71-74.
• Fey, C.F., Libo, M., & Morgoulis-Jakoushev, S. 2001. Effective human resource practices in foreign firms in Russia. Personnel Mix, (5): 21-25.
• Fey, C.F., Engström, P. & Björkman, I. 2001. Choice of human resource management practices in foreign firms in Russia. Personnel Mix, (2): 83-88 (in Russian).
• Fey, C.F. & Beamish, P. 2001. Managing conflict: The case of foreign firms in Russia. Personnel Mix, (1): 87-93 (in Russian).
• Fey, C. F., Adaeva, M., Vikovskaya, A. 2001. Developing a model of leadership styles: What works best in Russia. International Business Review, 10(6): 615-643.
• Fey, C. F. & Beamish, P. W. 2001. The importance of organizational climate similarity between parent firms and the JV: The case of IJVs in Russia. Organization Studies, 22(5):853-882.
• Fey, C. F. & Björkman, I. 2001. The effect of human resource management practices on MNC subsidiary performance in Russia. Journal of International Business Studies, 32(1):59-76.
• Teigland, R., Fey, C. F., & Birkinshaw, J. B. 2000. Knowledge dissemination in global R&D operations: An empirical study of multinationals in the high technology electronics industry. Management International Review, 20(1): 49-77.
• Fey, C. F. & Beamish, P. W. 2000. A study of intra-IJV conflict: The case of IJVs in Russia, International Business Review, 9(2): 139-162.
• Kusnarenko, L. & Fey, C. F. 2000. Increasing growth: Strategies Russian firms are using to respond to the 1998 financial crisis. Expert, (March): 34-38 (In Russian).
• Fey, C. F., Björkman, I., & Pavlovskaya, A. 2000. The effect of human resource management practices on firm performance in Russia. International Journal of Human Resource Management, 11(1): 1-18.
• Fey, C. F., Nordahl, C., & Zättersrom, H. 1999. The secret to success: Developing an understanding of what makes a foreign firm’s organizational culture effective in Russia. Business Horizons, (November-December): 47-55.
• Fey, C., Engström, P. & I. Björkman. 1999. Effective human resource management practices in Russia. Organizational Dynamics, (4): 1-12.
• Fey, C. F. & Beamish, P. W. 1999. Strategies for managing Russian international joint venture conflict. European Management Journal, 17(1): 99-106.
• Fey, C. F. 1996. Key success factors for Russian-foreign joint ventures. The International Executive, 38(3): 337-389.
• Fey, C.F. 1996. The experience of joint ventures in Russia. Forum, (3):32-52.
• Fey, C. F. 1995. Success Strategies for Russian-Foreign Joint Ventures. Joint Venture Magazine, 12-14 (in Russian).
• Fey, C. F. 1995. Important design characteristics for Russian-foreign joint ventures. European Management Journal, 13(4): 405-415.
• Fey, C. F. 1995. Success strategies for Russian-foreign joint ventures. Business Horizons, 38(6):49-54.
• Fey, C. F. 1995. A theoretical examination of extent of control in joint ventures. Mirovaya Ekonomika & Mezhdarodnie Otnosheniya (journal of Russian Academy of Sciences), 38(8): 129-33 (in Russian). Fey, C. F. 1994. International joint ventures: An important topic
• for the 1990s and beyond. Voprosi Ekonomiki (key economics/business journal of the Russian Academy of Sciences), 65(8): 134-159 (in Russian).

Published Newspaper Articles

• Fey, C. F. 2014. Russia’s crisis offers opportunities China Daily. December 23, 2014: 9.
• Fey, C.F. & Shekshnia, S. 2007. The key commandments of doing business in Russia. The Wall Street Journal. October 19, 2007: R4. Published Book Chapters
• Minbaeva, D., Pedersen, T., Björkman, I., Fey, C. F. , and Park H.J. 2014. MNC knowledge transfer, subsidiary absorptive capacity and HRM. In H. Yan and A.Tsui. Best articles in International Business: 263-282. Beijing: Peking University. (Note: In Chinese).
• Fey, C.F. and H.Y. Yildiz. 2010. Internationalization strategies of firms from emerging economies: Is there a strong case for theoretical extension? In L. Brennan. The Emergence of Southern Multinationals and their Impact on Europe. New York: Palgrave Macmillan.
• Fey, C.F. & Doern, R. 2008. Managing Pibrex Russia (A): New crisis, old grievances. In H. Merchant. Competing in emerging markets: Cases and readings. Oxford, UK: Rutledge, pp. 122-138.
• Fey, C. F. & Björkman, I. 2006. The effect of human resource management practices on MNC subsidiary performance in Russia. In HRM in Eastern Europe and Russia. Aldershot, Hampshire, UK: Ashgate. This is a longer version of article published in the Journal of International Business Studies, 32(1):59-76.
• Fey, C. F. 2006. Practicing self leadership in Russia: The issue of empowerment. In C. Manz & C. Neck (Eds.). Mastering self-leadership: Empowering yourself for personal excellence, 4th ed. Upper Saddle River, NJ, USA: Prentice-Hall (note: this is a section of a chapter).
• De Koning, A., C.F. Fey, & R. Doern. 2006. A cross-cultural assessment of eBusiness opportunities in Russia and Sweden. In E. Murdula (Ed.). Cultural framework and challenges--Web adoption and practice. ICFAI University Press: Hyderabad, India, pp 69-101, ISBN381-314-0465-X..
• Fey, C. F. 2003. Practicing self leadership in Russia: The issue of empowerment. In C. Manz & C. Neck (Eds.). Mastering self-leadership: Empowering yourself for personal excellence, 3nd ed. Upper Saddle River, NJ, USA: Prentice-Hall (note: this is a section of a chapter).
• Birkinshaw, J. M. & Fey, C. F. 2000. Building an internal market system: Insights from five R&D organizations. In J. M. Birkinshaw and P. Hägström (Eds.). The flexible firm. Oxford, UK: Oxford University Press.
• Fey, C. F. & Killing, J. P. 1996. Russian joint venture Dialogue. In M. Crossan, J. N. Fry, J. P. Killing, & R. E. White (Eds.). Business policy text and cases. 4th edition. Scarborough, ONT, Canada: Prentice Hall, pp. 424-430.
• Fey, C. F. & Killing, J. P. 1997. Russian joint venture Dialogue. In P.W. Beamish, A. Morrison, & P. Rosenzweig (Eds.). International management: Text and cases. 3rd edition. Burr Ridge, IL, USA: Irwin. Published Conference Proceedings
• Teigland, R, Chen, Y., and Fey, C.F. 2009. Contingency effects of national culture and institutions on how social networks influence creativity. Academy of Management Conference Best Paper Proceedings. Academy of Management: Chicago, IL, USA.
• Minbaeva, D., Pedersen, T., Björkman, I., Fey, C. F., & Park, H. J. 2002. MNC knowledge transfer, subsidiary absorptive capacity and HRM. Academy of Management Conference Best Paper Proceedings. Academy of Management: Denver, CO, USA.
• Doern, R. & Fey, C. F. 2001. The emergence of eBanking in Russia. Proceedings of the conference: Ten Years of Economic Transformation. Lappeenranta University of Technology: Lappeenranta, Finland.
• Fey, C. F. & Denison, D. 1998. Developing a model of organizational culture and effectiveness for Russia. Proceedings of the 1998 European International Business Association Conference.
• Fey, C. F. 1995. How applicable are general IJV success strategies to the Russian-foreign joint venture context? Proceedings of the 1995 Administrative Sciences of Canada Conference, 16(8): 1-11.

Teaching Cases

• Fey, C.F., & Yildiz, H.E. 2011. Manaing the Interatinalizaon of a ChineseTelecommunicaions Equipmnt Producer: The case of ZTE
• Fey, C. F.208. Russia’s Basic Elements: Considering new directions.
• Delios, A. & Fey, C. F. 2002. Clinitrac.
• Delios,A. & Fey, C.F. 2002.Teaching note for Clinitrc.
• Doern, R. & Fey, C. F. 2001. Pribex Russia (A): New crises and old grievances.
• Doern, R. & Fey, C. F. 2001. Teaching note for Pribex Russia (A): New crises and old grievances.
• Doern, R. & Fey, C. F. 2001. Pribex Russia (B): Developing a strategy and an organization to ensure sustainable profitability.
• Doern, R. & Fey, C. F. 2001. Teaching note for Pribex Russia (B): Developing a strategy and an organization to ensure sustainable profitability.
• Fey, C. F. & Killing, J. P. 1995. Russian joint venture Dialogue. Ivey #9-95-G006.
• Fey, C. F. & Killing, J. P. 1995. Russian joint venture Dialogue: The charter and feasibility study. Ivey #9-95-G007.
• Fey, C. F. & Killing, J. P. 1995. Teaching note for Russian joint venture Dialogue. Ivey #8-95-G006.
• Fey, C. F. & Killing, J. P. 1995. Otis Elevators: A Russian joint venture. Ivey #9-95-G014.
• Fey, C. F. & Killing, J. P. 1995. Teaching note for Otis Elevators: Russian JV. Ivey #8-95-G014.
• Fey, C. F. & Killing, J. P. 1995. Managing Otis's Russian joint venture. Ivey #9-95-G011.
• Fey, C. F. & Killing, J. P. 1995. Dialogue: Joe Ritchie, CEO of MPI (Video). Ivey #9-95-G006.

Book Reviews

• Fey, C. F. (Book Review Author). 2000. Review of Puffer, S. M., McCarthy, D. J., & Naumov, A. I. 2000. The Russian Capitalist Experiment. Northamton, US: Edward Elgar

• Jurnal Articles DescribingCarl Fey's reserch or Carl Fey

• Editors. 2007. Yalki Palki—A Profile of Carl Fey. Interbusiness(in Russian).

• Gavrilenko, A. 1996. International joint ventures in Russia: A summary of the work of Carl Fey. Manezhment (a journal of the Russian Management Development Association--the Russian equivalent of the Academy of Management), 1(3): 137-146. (in Russian).

Peer-reviewed scientific articles

Journal article-refereed, Original research

When Same is (not) the Aim: A Treatise on Organizational Cultural Similarity, Fit and Knowledge Transfer Morgoulis-Jakoushev, S.; Yildiz, H. Emre; Fey, Carl 2017 in Journal of World Business (Elsevier Inc.) ISSN: 1090-9516

Internationalization Strategies of Emerging Market Multinationals A Five M Framework Fey, Carl F.; Nayak, Amar K J R; Wu, Changqi; Zhou, Abby Jingzi 2016 in JOURNAL OF LEADERSHIP AND ORGANIZATIONAL STUDIES (SAGE Publications Inc.) ISSN: 1548-0518

Are the extent and effect of psychic distance perceptions symmetrical in cross-border M&As? Evidence from a two-country study Yildiz, H. Emre; Fey, Carl F. 2016 in JOURNAL OF INTERNATIONAL BUSINESS STUDIES (Palgrave Macmillan Ltd.) ISSN: 0047-2506

Opening up the black box of the relationship between HRM practices and firm performance A Comparison of MNE Subsidiaries in the USA, Finland, and Russia Fey, C.; Morgoulis-Jakoushev, S.; Park, H.J.; Björkman, Ingmar 2009 in JOURNAL OF INTERNATIONAL BUSINESS STUDIES (Palgrave Macmillan Ltd.) ISSN: 0047-2506

Explaining MNC Subsidiary HRM Practices Björkman, Ingmar; Fey, C.; Park, H.J. 2007 in JOURNAL OF INTERNATIONAL BUSINESS STUDIES (Palgrave Macmillan Ltd.) ISSN: 0047-2506

Review article, Literature review, Systematic review The critique of empirical social science New policies at Management and Organization review Lewin, Arie Y.; Chiu, Chi Yue; Fey, Carl F.; Levine, Sheen S.; McDermott, Gerald; Murmann, Johan Peter; Tsang, Eric 2016 in MANAGEMENT AND ORGANIZATION REVIEW (Cambridge Univ Press) ISSN: 1740-8776