Paul Nary

Paul Nary is an Assistant Professor of Management at the Wharton School, University of Pennsylvania. He is a strategy researcher who is interested in how firms reconfigure their resources, reshape their boundaries, and source capabilities externally. Dr. Nary’s research explores topics in corporate strategy, technology and innovation management, and the role and behavior of private equity firms in public markets. Dr. Nary currently serves on the Editorial Review Board of the Strategic Management Journal, and is a Research Committee member for the STR division of the Academy of Management. Dr. Nary was Strategic Management Society’s SRF Dissertation Scholar and an Interdisciplinary Doctoral Research Fellow at the University of Minnesota, where he conducted archival research at the Charles Babbage Institute. Dr. Nary is a recipient of multiple funding awards, including those from Wharton Dean’s Research Fund, Mack Institute for Innovation Management, and Rodney L. White Center for Financial Research. He is currently teaching Corporate Development, Mergers and Acquisitions (MGMT 721 and 249), and he used to teach the Strategy module in the core MBA management course: Managing the Emerging Enterprise (MGMT 612).

Prior to his academic career, Dr. Nary has worked for Intel Corporation, where his work spanned corporate venturing, new business development, mergers and acquisitions, and external technology collaborations. Before Intel, he worked for a boutique PE firm, a commercial real estate investment fund, and started two small businesses.

Dr. Nary completed his Ph.D. in Strategic Management and Entrepreneurship at the Carlson School of Management at the University of Minnesota. He also holds a Master’s degree from the Ross School of Business at the University of Michigan, and an M.B.A. and a B.S. in Finance from DePaul University.

Research Interests: corporate strategy, M&A, corporate development, private equity, technology & innovation management, business & technology history

Research

• Paul Nary and Aseem Kaul (2021), Private Equity as an Intermediary in the Market for Corporate Assets, Academy of Management Review.Abstract

• Aseem Kaul, Paul Nary, Harbir Singh (2018), Who Does Private Equity Buy: Evidence on the Role of Private Equity from Buyouts of Divested Businesses, Strategic Management Journal, 30.AbstractDescription

• Paul Nary (Work In Progress), Borrow and Buy: Complementarity and Substitutability of Acquirer’s Alliances and Technology Acquisitions.

• Paul Nary and Aseem Kaul (Working), The Best of Both Modes: Using Transaction Portfolios to Capture Resource Complementarities.

• Sunasir Dutta and Paul Nary (Work In Progress), People or Place? The Fungibility of Embeddedness in Entrepreneurial Ventures.

• Paul Nary (Draft), Strategy, Technology, and Acquisitions: Through the Lens of Control Data Corporation in 1958-1972.

• Paul Nary (Work In Progress), Networks, Alliances, Investments, and Acquisitions: Role of Social Embeddedness in Acquirer Performance.

Awards and Honors

• Mack Institute Research Fellowship 2019 Recipient, Mack Institute for Innovation Management, 2019-2021
  
• Wharton Dean’s Research Fund research proposal funding award, 2019-2021
  
• Rodney L. White Center for Financial Research grant proposal award, 2019-2020
  
• Mack Institute Research Fellowship 2018 Recipient, Mack Institute for Innovation Management, The Wharton School, 2018
  
• Strategy Research Foundation (SRF) 2017-2018 Dissertation Scholar & Grant Recipient, Strategic Management Society, Chicago, IL, 2017
  
• Interdisciplinary Doctoral Fellowship 2017-2018, Office of Interdisciplinary Initiatives, University of Minnesota (Year-long academic fellowship with support of, and in residence at the Charles Babbage Institute & Center for the History of Information Technology), 2017
  
• PhD Student Travel Fellowship Recipient, Carlson School of Management, 2015-2017
  
• PhD Student Teaching Award Recipient, Carlson School of Management, 2015
  
• Intel Labs Role Model, Divisional Recognition Award, Chandler, AZ, 2011
  
• Tauber Institute for Global Operations Fellow, University of Michigan, 2010
  
• Tauber Spotlight 2010 Scholarship Recipient (honorable mention), Tauber Institute for Global Operations, University of Michigan, 2010
  

Knowledge @ Wharton

• Finding the Virtue in Private Equity Firms, Knowledge @ Wharton - 12/18/2018
  
• Is Apple Losing Its Innovation Edge?, Knowledge @ Wharton - 10/30/2018