Robert J. Trulaske Sr., College of Business, University of Missouri

People Directory

Karen A. Schnatterly

Emma S. Hibbs Distinguished Professor of Management
Cornell Hall
(573) 882-7672

Office Hours: By appointment only


Professor Schnatterly was previously on faculty at the University of Minnesota.  She is a member of the Academy of Management and the Strategic Management Society. Her teaching and research interests include white collar crime, boards of directors and institutional owners (corporate governance generally).  As a result of her research in white collar crime, she has been quoted frequently by various news organizations. She has published in the Strategic Management Journal, the Financial Times, the Academy of Management Journal, the Journal of Management and has authored several book chapters.  She is also an Associate Editor of the Journal of Management.


 B.A. Colgate University 1985; M.F.A. University of Illinois, 1988; M.B.A. University of Michigan, 1992; Ph.D. University of Michigan, 2000.


Journal Articles

Schnatterly, K., Johnson, G.S. (2014). Investor preferences for board independence: An agency and institutional approach. Strategic Management Journal.  35: 1552–1563.

Johnson, S.B., Schnatterly, K., Hill, A. (2013).  Board composition beyond independence: Social capital, human capital and demographics.  Journal of Management. 39(1): 232-262.

Johnson, S.G., Schnatterly, K., Bolton, J., and Tuggle, C. (2011).  Antecedents of new director social capital.  Journal of Management Studies, 48(8): 1782-1803.

Johnson, R.A., Schnatterly, K., Johnson, S.G., and Chiu, S.C. (2010). Institutional investors and institutional environment: A comparative analysis and review.   Journal of Management Studies, 47 (8): 1590-1613.

Tuggle, C., Schnatterly, K. and Johnson, R.A. (2010).  Attention patterns in the boardroom: How board composition and processes affect discussion of entrepreneurial issues.  Academy of Management Journal, Vol. 53 (3): 550-571.

Schnatterly, K. (2009).  Operational governance and firm value.  International Journal of Strategic Change Management.  Vol. 1(4): 349 - 376.

Schnatterly, K., Shaw, K. and Jennings, W. (2008). "Informational advantages of large institutional owners." Strategic Management Journal, 29: 219-227.

Schnatterly, K., Johnson, S.G. (2008). Competing to be CEO in high-tech firms: Insider, board member, or outsider candidates. Journal of High Technology Management Research. 18: 132-142.

Schnatterly, K. (2003). Increasing firm value through detection and prevention of white collar crime. Strategic Management Journal, July 2003,24(7): 587-614.

Jennings , W.W., Schnatterly, K. and Seguin, P.J. (2002). Institutional ownership, information and liquidity, Innovations in Investments and Corporate Finance, Advances in Financial Economics, 7:41-71. 

Encyclopedia Entry

Schnatterly, K. (2005).  Increasing firm value through detection and prevention of white collar crime.    Encyclopedia entry: Encyclopaedia of Executive Governance, ESCP-EAP European School of Management.


Capron, L. and Schnatterly, K. (2005). M&As and fraud: the hidden cost, Financial Times Mastering Corporate Governance Series.

Book Chapters

Ferris, S. and Schnatterly, K. (2010).  International corporate governance and convergence.  Oxford University Press.  H. Kent Baker, ed.

Schnatterly, K. and Maritan, C.A. (2002). Resources, management systems and governance: keys to value creation, in B. Chakravarthy, G. Mueller-Stewens, P. Lorange & C. Lechner (eds.). Strategy Process: Shaping the Contours of the Field. Blackwell Publishing.

Berns, J. P, & Schnatterly, K. A. (Forthcoming). Angel investors: Early firm owners. In Goranova, M. and Ryan, L. V. (Eds.), Shareholder Empowerment. New York, NY: Palgrave Macmillan.