Skip to content

Menu

Shi, Stone Weilei

Shi, Stone Weilei 石維磊

PhD (Pitt)

Associate Professor in Strategy

Contact

Department of Management

wlshi@cuhk.edu.hk

+852 3943 5115

Home>Academic Staffs>Shi, Stone Weilei

Biography

Shi Weilei (Stone) is an Associate Professor of Strategy at the Chinese University of Hong Kong.

Dr Shi graduated from the Katz School of Business, University of Pittsburgh with a PhD in Strategic Management in 2008. Currently, he is a Consulting Editor at the Journal of Management Studies, an Associate Editor at Academy of Management Annals, and a Co-Editor-in-Chief at the Asia Management. He is also a distinguished researcher at the Shanghai Institute for Global City–Shanghai Municipal Government Decision Committee.

Before joining CUHK, Dr Shi was a Professor of Strategy at Cheung Kong Graduate School of Business, and a Professor of Strategy at the Zicklin School of Business, Baruch College in New York. He was also the Associate Editor of Journal of Management Studies from 2018–2024. His research centres on the interaction between strategy and international management. Specifically, he is interested in examining M&As and alliances from both temporal and network perspectives.

In 2024, he was recognised as one of the Highly Cited Chinese Researchers by Elsevier. He is also an expert in the area of digital transformation strategy and ESG investment. His papers have been published in top-tier journals such as Strategic Management Journal, Journal of International Business Studies, Journal of Management, Journal of Management Studies, Organisation Studies, Academy of Management Perspective, and Harvard Business Review. He is considered a thought leader in the area of M&As and international strategy. One of his papers also won Best Article Award from Harvard Business Review in 2024. Dr Shi worked for Roland Berger Strategy Consultancy—a top-notch global strategy consulting firm before he entered academia.

Currently, Dr Shi is an entrepreneur advisor for top-tier incubators and he also sits on the board of multiple listed companies as an independent director.

Teaching Areas

Strategy

Research Interests

M&As
Strategic Alliance
Strategic Temporality
Internationalisation
Institution-based View
Network
ESG


Publications & Working Papers

Refereed Scholarly

  • Y. Tang, J. Bu, D. Wang, and W. Shi (2026), “Global Meets Local: Community Political Ideology and Chinese Cross-Border M&As in the U.S.,” Journal of International Business Studies
  • C. Wickert, K. Potočnik, S. Prashantham, W. Shi, and Y. Snihur (2024), “Embracing non-Western contexts in management scholarship,” Journal of Management Studies, 61(8): 1-24.
  • J. Liu, E.W.K. Tsang, and W. Shi (2023), “The superstitious heuristic in strategic decision making,” Journal of Management, 51(2): 843-874.
  • L. Sun, W. Shi, D. Ahlstrom, and L. Tian (2020), “Understanding institutions and entrepreneurship: The microfoundations lens and emerging economies,” Asia Pacific Journal of Management, 37: 957-979.
  • J. Wang, W. Shi, Y. Lin, and X. Yang (2020), “Relational Ties, Innovation, and Performance: A Tale of Two Pathways,” Industrial Marketing Management, 89: 28-39.
  • Y. Lin, W. Shi, J.E. Prescott, and H. Yang (2019), “In the Eye of the Beholder: Top Managers’ Long-Term Orientation, Industry Context, and Decision-Making Processes,” Journal of Management, 45(8): 3114-3145.
  • L. Li, A. Goerzen, W. Shi, and D. Li (2018), “What and How do SMEs Gain by Going International? A Longitudinal Investigation of Financial and Intellectual Resource Growth,” Journal of World Business, 53(6): 817-834.
  • M.W. Peng, D. Ahlstrom, S.M. Carraher, and W. Shi (2017), “An institution-based view of global IPR history,” Journal of International Business Studies, 48(7): 893-907.
  • M.W. Peng, D. Ahlstrom, S. Carraher, and W. Shi (2017), “History and the debate over intellectual property,” Management and Organization Review, 13(1).
  • W. Shi, L. Sun, D. Yan, and Z. Zhu (2017), “Institutional fragility and outward foreign direct investment from China,” Journal of International Business Studies, 48(4): 452-476.
  • W. Shi, L. Sun, B. Pinkham, and M.W. Peng (2014), “Domestic alliance network to attract foreign partners: Evidence from international joint ventures in China,” Journal of International Business Studies, 45(3): 338-362.
  • W. Shi, L. Markóczy, and C. Stan (2014), “The continuing importance of political ties in China,” Academy of Management Perspective, 28(1): 57-75.
  • A. Iriyama, W. Shi, and J.E. Prescott (2014), “Frequency and directional reversal of equity ownership change in international joint venture,” Asia Pacific Journal of Management, 31(1): 215-243.
  • L. Markóczy, L. Sun, M.W. Peng, W. Shi, and B. Ren (2013), “Social network contingency, symbolic management, and boundary stretching,” Strategic Management Journal, 34(11): 1367-1387.
  • W. Shi and J.E. Prescott (2012), “The effect of rhythm and entrainment of acquisition and alliance behaviors on firm performance: A temporal perspective,” Organization Studies, 33(10): 1281-1310.
  • W. Shi, L. Sun, and M.W. Peng (2012), “Network positions, institutional contingencies, and IJV partner selection,” Journal of Management Studies, 49(7): 1221-1245.
  • W. Shi, J. Sun, and J.E. Prescott (2012), “A temporal perspective of merger & acquisition and strategic alliance initiatives: Review and future directions,” Journal of Management, 38: 164-209.
  • L. Li, D. Li, and W. Shi (2011), “Internationalization, internalization and the performance of U.S. biopharmaceutical SMEs,” Multinational Business Review, 19(1): 65-93.
  • W. Shi and J.E. Prescott (2011), “Sequence patterns of firms’ acquisition and alliance behavior and their performance implication,” Journal of Management Studies, 48(5): 1044-1070.
  • W. Shi, L. Markóczy, and G.G. Dess (2009), “The role of middle management in the strategy process: Group affiliation, structural holes and tertius iungens,” Journal of Management, 35(6): 1453-1480.

Books

  • B. Teng and W. Shi (2026),《出海模式：中企的全球价值重塑》, 中信出版社

Media Publications

  • W. Shi, Y. Zhao, and X. Cao (2025), “最优区分：企业生存的底层逻辑,” 清华管理评论
  • L. Sun and W. Shi (2025),  “中国企业对贸易战及多极世界的战略抉择,” 财经杂志
  • W. Shi, M. Li, and R. Dong (2025),  “大叶股份：隐形冠军的“逆风出海”,” 商界评论
  • W. Shi, M. Li, and R. Dong（2025）, “极氪：新能源汽车的第三赛道,” 商界评论
  • W. Shi, R. Hoogewerf, T. Casas-Klett, A. Tonn (2024), “Unicorns: The engine of creative destruction and elite circulation,” Elite Quality Report 2024: The sustainable value creation of Nations, Zurich: Seismo
  • W. Shi and A. Tonn (2024), “The Elite Quality Index as a resource for international business education,” Elite Quality Report 2024: The sustainable value creation of Nations, Zurich: Seismo
  • M. Li and W. Shi (2024),  “安踏全球化方法论：从“中国安踏”到“世界安踏”,” 中国经营报
  • W. Shi, F. Zhu, and X. Cao (2024), “文化链接：平台式小企业的出海之路,” 哈佛商业评论
  • W. Shi, J. He, and C. Ding (2024), “成立半年估值10亿，这家机器人独角兽能否成为中国的特斯拉？” 中欧商业评论
  • L. Sun and W. Shi (2024),  “布斯会如何对应极氪的用户网暴？” FT 中文网
  • W. Shi, B. Teng, and C. Li (2024), “共赢策略：小企业如何选择巨头,” 哈佛商业评论 (获得Harvard Business Review 2024年度最佳论文)
  • W. Shi and A. Tonn (2023), “The effects of FTAs on FDI: The ‘learning-by-exporting’ assumption,” Sino-Swiss Free Trade Agreement Academic Evaluation Report
  • W. Shi and T. C. Klett (2023), “The potential of China’s soft power: Sustainable value creation aimed at the world’s Elites,” CKGSB and IE China Center Report
  • W. Shi, B. Teng, and X. Zhang (2023),  “后动企业如何突出重围,” 中欧商业评论
  • L. Sun and W. Shi (2023), “龙头链主引领价值链革新,” 中国贸易报
  • W. Shi, C. Gu, and L. Zhang (2023), “零售业数字化变革：拆解无人便利店,” 经济观察报
  • Q. Qi and W. Shi (2023), “数字化的未来：穿透企业边界，迎接产业互联2023,” 中欧商业评论
  • Q. Qi and W. Shi (2023), “企业数字化转型进行时：拥抱全链路数字化,” 中欧商业评论
  • Q. Qi and W. Shi (2023), “企业数字化转型，要练好管理内,” 中欧商业评论
  • W. Shi (2022),  “长期主义适合所有的企业吗？” 哈佛商业评论
  • W. Shi, L. Liu, C. Ding, and L. Zhou (2022), “金融企业数字化转型避坑指南,” 哈佛商业评论
  • W. Shi, L. Chen, and M. Dong (2021), “谁在推动中国高新技术企业ESG发展？” 中欧商业评论, 161.
  • W. Shi, C. Ding, and P. He (2021), “全球视角下企业数字化转型战略的探索之路,” 中欧商业评论, 157.
  • L. Sun and W. Shi (2020), “飞鹤，共生共赢的数字化转型,” 哈佛商业评论
Grants
  • The ASEAN Business Research Initiative Award, CKGSB and SMU, 2022-2024
  • CKGSB Research Institute Research Grant, 2023-2024
  • Eugene Lang Research Award, Baruch College, CUNY, 2011, 2014
  • PSC CUNY Research Award, Baruch College, CUNY, 2009-2018
Awards & Honours
  • Highly Cited Chinese Researchers by Elsevier, 2024-2025
  • Best article for Harvard Business Review, 2024
  • Shanghai Thousand Talents Plan, 2018
  • Bravo Award for Teaching Excellence, Narendra Paul Loomba Department of Management, 2017
  • Best Conference Paper Award, Asia Academy of Management, 2015
  • Best Paper Proceedings, Academy of Management: BPS Division, 2007, 2008; IM Division, 2012, 2014
  • Nominated for Temple/AIB Best Paper Award Submissions, Academy of International Business, 2011
  • Nominated for Haynes Prize for Best Paper, Academy of International Business, 2010
  • Baruch College Faculty Recognition Award for Research Excellence, 2009–2011
  • Nominated for Best Conference Paper Award, Strategic Management Society, 2008
  • Outstanding Reviewer Award, IM Division, Academy of Management, 2005–2007
Academic/Professional Services
  • Associate Editor, Academy of Management Annals, 2025–Present
  • Co-Editor-in-Chief, Asia Management, 2025–Present
  • Consulting Editor, Journal of Management Studies, 2024–Present
  • Associate Editor, Journal of Management Studies, 2018–2024
  • External Promotion Letter Writer for Tenure Case at Concordia University, Montclair State University, The Chinese University of Hong Kong, Shenzhen, Hofstra University, 2022–2025
  • External Dissertation Committee Member, 2022–Present
  • Supervising Ph.D. Student from University of St. Gallen
  • Dissertation Chair for 10 DBA Students from Shanghai Advanced Institute of Finance, 2019-2022
  • Dissertation Chair for two Ph.D. Students from Baruch College, CUNY, 2015-2022
  • Guest Editor: Asia Pacific Journal of Management: “Institutions and Entrepreneurship in Emerging Economies,” 2016-2020
  • Editorial Board Member: Journal of International Business Studies, 2017-Present
  • Editorial Board Member: Global Strategy Journal, 2016-Present
  • Editorial Board Member: Long Range Planning, 2017-2025
  • Editorial Board Member: Academy of Management Perspectives, 2016-2025
  • Editorial Board Member: Asia Pacific Journal of Management, 2014-2019
  • Editorial Board Member: Journal of Management Studies, 2013-2018
100%

of Undergraduates Have Global Experience