Vita / Biography

Ph.D University of California, Los Angeles
B.A. University of California, Berkeley

Areas of Expertise:
Business & Corporate Strategy, Industrial Organization, Innovation & Growth, Technological Change

Research Interests:
Corporate Performance, Executive Compensation, Productivity,
Intellectual Property, Economic Growth

Dr. P. Konstantina Kiousis is a professor of strategy at the Olin School of Business at Washington University in St. Louis. Originally from California, she received her undergraduate degree from the University of California, Berkeley, where she worked at the Berkeley Roundtable on the International Economy conducting research on industrial competitiveness and international trade in high technology industries. Dr. Kiousis also studied the economies of Central Europe and their transition to market systems at Oxford University (U.K.), the Karl Marx University of Economic Sciences (Hungary) and the University of Athens (Greece). She then earned her doctoral degree in management from the University of California, Los Angeles, where she worked with Bill McKelvey (The Anderson School) & William Zame (Department of Economics). Her dissertation work focused on issues concerning human and organizational capital, R&D incentives and productivity. Thereafter, she taught at the Max M. Fisher College of Business at The Ohio State University and the Cox School of Business at Southern Methodist University in Dallas.

Dr. Kiousis has interests in corporate performance, productivity, competition and economic policy. Her research explores questions investigating the sources of the knowledge-based economy. For instance: What role do corporations play in spurring innovation and the growth of the economy? What role should institutions play in stimulating this process? In particular, she studies how firms create and use intangible capital to bolster their profitability, documenting overall changes in the volatility and structure of U.S. corporate performance.

Dr. Kiousis is also strongly committed to guiding the business community and policymakers on critical issues involving business and government. In this context, she analyzes the impact of intellectual property protection on the competitive strategies of firms. Her findings from both theoretical and empirical research call into question the argument that patent protection is required for industry innovation. She suggests that not only can firms create and capture value under competitive conditions, but that competition is a potent and socially beneficial mechanism in markets for innovation. Moreover, Dr. Kiousis has taken an interest in the ongoing debate on music file sharing and digital rights in the electronic era. She has been a member and supporter of the Electronic Frontier Foundation for almost a decade.

Recently, Dr. Kiousis was inspired by the lively debate about executive compensation, where critics have argued that firm value is suffering because of excessive executive pay. To this end, she obtained a grant from the Coca Cola Foundation to study the substantial variation in executive pay. Among other findings, her work suggests that seemingly abnormal gains in executive compensation are associated with gains created for corporate shareholders. Hence, Dr. Kiousis’ research demonstrates that the increased level of executive compensation is directly linked to the value they provide to the organization and its shareholders.

In addition, Dr. Kiousis has taught several courses at the undergraduate, masters and doctoral levels. At Ohio State, she taught and served as the course coordinator for the core undergraduate course on business and corporate level strategy. In the 2001-02 academic year, she obtained a teaching award as the best core instructor in the undergraduate program. In the MBA program, she taught both the core macroeconomics course (Macroeconomics for Managers) and a two-quarter strategy elective on management consulting (Business Solutions Teams). Finally, Dr. Kiousis co-taught a PhD seminar, focusing on the economics of strategic management, and conducted a tutorial on organizational learning. She has co-authored several papers with her doctoral students. Currently, she teaches a core strategy course and an introductory business class at Olin.

In the context of the MBA program, Dr. Kiousis initiated and supervised 28 consulting projects, with clients ranging from Fortune 500 companies, such as Victoria’s Secret, BankOne, Cardinal Health, and Swiss Re, to Silicon Valley startups. She has also maintained an interest in the economic issues facing the music industry and the arts community, having worked on strategic problems facing arts organizations and musicians.

Dr. Kiousis regularly attends and presents papers at the Academy of Management, the American Economics Association and the Strategic Management Society. She also participates in sessions at the National Bureau of Economic Research Summer Institute. In her spare time, she serves on the Women’s Board at the Columbus Museum of Art. She enjoys solving math puzzles, going to concerts and playing the guitar. She also speaks fluent Greek and enjoys reading classic philosophy. Her favorite work of philosophy is “Meno,” one of the dialogues of Plato.