Full CV

Ph.D., International Finance, Tufts University, 2002

MALD, International Business, Tufts University, 1998

M.A., Economics, Institut d'Etudes Politiques de Paris,1993

B.A., Business Administration, International Business School, 1992

Academic Positions Held

Current Appointment:

Assistant Professor, Lee Kong Chian School of Business, Singapore Management University (2004–Present)

Previous Appointments:

Senior Fellow, The Wharton School, University of Pennsylvania (2006)

Post-Doctoral Fellow, Instituto Superior Técnico (2002–03)

Other Positions:

Director, Business Development, Medcenter Solutions, Rio de Janeiro, Brazil (1999–2000)

Senior Associate, Corporate Finance, UBS, Sao Paulo, Brazil (1998–1999)

Summer Associate, Corporate Finance, Credit Suisse First Boston, Melbourne, Australia (1997)

Analyst, Equity Capital Markets, HSBC, Paris, France (1993–1996)

Honors & Awards

Carolyn Dexter Award Finalist (Best International Paper), Academy of Management (2006)

National Science Foundation of Portugal, Post-Doctoral Fellowship (2002–2003)

Hitachi Center for Technology and International Affairs, The Fletcher School, Tufts University, Ph.D. Scholarship (2000–2002)

The Fletcher School, Tufts University, Ph.D. Scholarship (2000–2002)

Course Taught in SMU

Business, Government & Society

International Business

Research Areas

International business and finance

Privatization and deregulation

Public institutions

Emerging markets

Current Projects

Schrage, Burkhard and Jane Lu, "Liability of foreignness and the co-internationalization of Japanese banks and Japanese firms: An institutional perspective"

Schrage, Burkhard and Banu Ozcan, "Catastrophe Risk and Sovereign Borrowing, and Host-Country Government Constraints in Emerging Markets"

Schrage, Burkhard and Paul M. Vaaler, “US Cross-Listing Levels, Bonding and the Quality of Public Governance Institutions"

Schrage, Burkhard and Paul M. Vaaler, "Privatizing Telecoms and Residual State Influence on Financial Performance," SMU Working Paper Series, Singapore Management University, Singapore (2004)

Representative Publications

Vaaler, Paul M. and Burkhard N. Schrage (2007), ": Legal System and Rule of Law Effects on US Cross-Listing to Bond by Emerging-Market Firms," Academy of Management Best Paper Proceedings, Academy of Management.

Vaaler, Paul M. and Burkhard N. Schrage (2006), "How Do Long-Term Project Investors "Vote" in Developing Country Elections?," in K. Mark Weaver, ed., Academy of Management Conference Best Paper Proceedings, Pace University , New York: Academy of Management.

Vaaler, Paul M, Burkhard N. Schrage, and Steven A. Block (2006), "Elections, Opportunism, Partisanship and Sovereign Ratings in Developing Countries," Review of Development Economics, 10(1): 154-170.

Vaaler, Paul M, Burkhard N. Schrage, and Steven A. Block (2005), "Counting the Investor Vote: Political Business Cycle Effects on Sovereign Bond Spreads in Developing Countries," Journal of International Business Studies, 36(1): 62-88.

Vaaler, Paul M. and Burkhard N. Schrage (2006), "Home Country Governance Quality and the "Bonding Hypothesis:" Evidence From Industrialized, Emerging-Market and Least-Developed Countries," in Sushil Vachani, ed., Transformations in Global Governance: Implications for Multinationals & Other Stakeholders, Edward Elgar Publishers, London, England.

Lee McKnight, Paul M. Vaaler, Burkhard N. Schrage, and Raul Katz (2003), "Innovation and Creative Destruction in Emerging Markets: The Impact of State Commitments on Privatizing Telecoms," in Steven Wildman and Lorrie Cranor, eds., Rethinking Rights and Regulations: Institutional Responses to New Communication Technologies, MIT Press, Cambridge, MA.

Ozcan, Banu, Burkhard N. Schrage, Paul M. Vaaler, and Michael Watkins (2001), "The Privatization of Anatolia National Telekom: General Instructions for All Simulation Participants", Harvard Business School Publishing Case Number 9-801-431, Harvard Business School Publishing, Boston, MA