Headshot of Ileana Maldonado Bautista

Ileana Maldonado Bautista

Assistant Professor of Management
  • Profile
    Ileana Maldonado-Bautista is an Assistant Professor of Management at the Robins School of Business, University of Richmond. Prior to her current appointment, she served as an Assistant Professor of Management and Entrepreneurship at Iowa State University. She earned her Ph.D. in Entrepreneurship and Corporate Innovation from Baylor University. Dr. Maldonado’s research interests include stakeholder management and strategic entrepreneurship. Her work has been published in high-impact academic journals, including Organization Science, Journal of Business Venturing, Entrepreneurship Theory and Practice, and Small Business Economics. In addition, Dr. Maldonado has provided consulting and entrepreneurial training services to organizations in the United States and Central America.
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    • Awards

      2023 Finalist: Markets and Management PhD Dissertation Award Program, University of Maryland.

      2019 Rowan University Fellowship.

      2018 Academic Excellence in Entrepreneurship. Spears School of Business, Oklahoma State University.

      2018 Outstanding M.S. student. Spears School of Business, Oklahoma State University.

      Sponsorship, Science and Technology National Council of the Federal Mexican Government (Consejo Nacional de Ciencia y Tecnologia de Mexico.

    • Presentations

      Dai, W., & Maldonado-Bautista, I., Impunity and informal Entrepreneurship. Accepted to the Babson College Entrepreneurship Research Conference. Alabama. June 2026

      Dai, W., Maldonado-Bautista, I, & Sanchez-Ruiz, P. When Wage Labor Breaks Down: Strikes, Poverty, and Entrepreneurial Action. Accepted at Poverty and Entrepreneurship Conference at Notre Dame. May 2026

      Maldonado-Bautista, I., Gomez, A. & Alvarez, S., A Feminist Perspective on Stakeholder Theory: Understanding Women Entrepreneurs in Male Dominated Markets. Accepted at Strategic Management Society Special Conference: Grand Challenges. Palermo, Italy. May 2025

      Maldonado-Bautista, I., Gomez, A. & Alvarez, S., Women Entrepreneurs, and Intimate Partner Violence: Implications for Well-being in Emerging Economies. Accepted at Diana International Research Conference, Stockholm. June 2024

      Maldonado-Bautista., I., Klein, P., Ju, H., Entrepreneur Political Ideology Divergence and Broad Stakeholder Approach. Accepted at Stakeholders, Property Rights, and Entrepreneurship Conference, Syracuse, October 2023

      Maldonado-Bautista., I., Klein, P., Ju, H., Entrepreneur political ideology divergence and stakeholder strategy: The Role of Stakeholder Activism and Institutional Protection, Accepted at Babson Conference, Tennessee. June 2023

      Maldonado-Bautista., I., Klein, P., Ju, H., An Influence of Entrepreneurs' Positive Affect and Prosocial Behavior on Stakeholder Management Strategies, Tennessee. June 2023

      Maldonado-Bautista., I., Klein, P., Ju, H., Entrepreneur Political Ideology Divergence and Stakeholder Strategies: The Role of Stakeholder Activism and Institutional Protection Presented at the Political Economy of Entrepreneurship paper development workshop (PDW) in conjunction with the upcoming special issue (SI) of Small Business Economics, Boston. August 2023

       Maldonado-Bautista., I., Klein, P., Ju, H., Political Ideology Divergence and Stakeholder Strategies Accepted at Society for Institutional & Organizational Economics Conference, Frankfurt. August 2023

      Maldonado-Bautista., I., Klein, P., Ju, H., Political Ideology Divergence and Stakeholder Strategies Presented at Tenure Project Conference -- Faculty Research Presentations, Philadelphia. July 2023

      Maldonado-Bautista., I., Stakeholder Strategy Extension, Participant at Strategic Management Society, Toronto. October 2023

      Maldonado-Bautista, I., Ju, H., & Klein, P. G. The Microfoundations of Stakeholder Strategy: Entrepreneurs’ Dispositional Affects and Intentional Behaviors. In Academy of Management Proceedings (Vol. 2023, No. 1, p. 18892). Briarcliff Manor, NY 10510: Academy of Management. 2023

      Sanchez-Ruiz, P., Maldonado-Bautista, I. & Artz, K. W. “The (Not So Dark) Effects: Entrepreneur Narcissism and Angel Overfunding.” Virtually presented at Babson Conference. June 2021

      Sanchez-Ruiz, P., Artz, K. W., Maldonado-Bautista, I., & Klein, P. “Bureaucratic Project Selection Under Uncertainty: Evidence from the SBIR Program.” Virtually presented at Strategic Management Society (SMS) Conference. October 2020

      Sanchez-Ruiz, P., Maldonado-Bautista, I., Artz, K. W., Klein, P. The effect of government funding on new venture performance: A judgment-based view of government as a “proxy financier.” Accepted at Babson Research Conference, Tennessee. June 2020

      Maldonado-Bautista, I., Artz, K. W., Klein, P. The Role of Paradoxical Ideologies in Competing Strategic Opportunities. Accepted at Strategic Management Society (SMS) special conference in U.C. Berkeley. March 2020

      Sanchez-Ruiz, P., Maldonado-Bautista, I., Santos, S., Liguori, E. (2020). A typology of physical maker spaces: An investigation of organizational identity and strategic logics. Presented at U.S. Association of Small Business & Entrepreneurship Conference, New Orleans. January 2020.

      Maldonado-Bautista. (2019). Exploring the entrepreneurial individual. Presented at the Southern Management Association, Norkfolk. October 2019.

      Maldonado-Bautista, I., Sanchez-Ruiz, P., Miller, G. & Rutherford, M. W. Aligning entrepreneurial project characteristics with financing sources: A taxonomy. Presented at the Academy of Management Annual Conference, Boston. August 2019.

      Maldonado-Bautista, I., Sanchez-Ruiz, P., & Rutherford, M. W. Creative potential, preparedness, and investment decisions: A unimodel of persuasion using the videometric approach. Presented at the Babson Research Conference, Natick, Boston. June 2019.

      Maldonado-Bautista, I., & Sanchez-Ruiz, P. Entrepreneurial role identities and investment decisions: The role of entrepreneurs’ passion and attractiveness. Presented at the Babson Research Conference, Natick, Boston. June 2019.

      Maldonado-Bautista, I., Sanchez-Ruiz, P., & Rutherford, M. W. Linking business factors, family essence, and divorce in family firms: A vulnerability-stress-adaptation model (VSAM). Presented at the Family Enterprise Research Conference, Asheville, North Carolina. June 2017.

      Maldonado-Bautista, I., Sanchez-Ruiz, P., & Rutherford, M. W. Emotional Roller-Coaster: Parental Investments on Startups and Risk of Parent-Entrepreneur Relation Disruption. Presented at the Oklahoma Council on Family Relations, Oklahoma. April 2017.

      Sanchez-Ruiz, P., Maldonado-Bautista, I., Rutherford, M. W., Watters, C. Sources of successor commitment to take over: Exploring family resilience. Presented at the International Family Enterprise Research Academy, Bogota, Colombia. June 2016.

      Sanchez-Ruiz, P., Maldonado-Bautista, I., Rutherford, M., Watters, C. Organizational creativity in publicly traded fashion retailers. Presented at the International Family Enterprise Research Academy, Bogota, Colombia. June 2016.

      Maldonado-Bautista, I., Sanchez-Ruiz, P., Watters, C. New venture creation in adverse conditions: Opportunities and challenges. Presented at the International Council Small Business, New Jersey, New York. June 2016.

      Sanchez-Ruiz, P., Maldonado-Bautista, I., Rutherford, M., Watters, C. Past and future contributions in family business conflict literature: Examining family firm resilience. Presented at the Family Enterprise Research Conference, Nova Lima, Brazil. June 2016.

    • Professional Experience

      Co-owner, Northridge Quality Homes, Ames, IA (2022-present)

      Finance specialist, PEPSICO, in Mexico (2010-2012)

      Founder and manager, Small manufacturing business Ltd., Mexico (2008-2012)

      Corporate lawyer, BDO consulting, in Mexico (2006-2008)

  • Selected Publications
    Journal Articles

    Peer-Reviewed Publications

    Maldonado-Bautista, I., Klein, P. G., & Ju, H. (2026). Navigating the political climate: The impact of political ideology divergence on ESG. Small Business Economics. https://doi.org/10.1007/s11187-026-01246-z

    Sanchez-Ruiz, P., Maldonado-Bautista, I., Klein, P., Vaungh, J. (2026). Sacred Boundaries: How Sacred Values and Cultural Tightness Influence Entrepreneurial Action. Entrepreneurship and Regional Development. 1–25.

    https://doi.org/10.1080/08985626.2026.2634963

    Sanchez-Ruiz, P., Blake, A., Petrenko, O., Maldonado-Bautista, I., Collewaert, V., & Artz, K. W. (2025). Courting the sharks: the influence of CEO narcissistic admiration and rivalry on new venture funding. Organization Science, 36(6), 2304-2323.

    Maldonado-Bautista, I., Sanchez-Ruiz, P., Prahankangas, A. & Watkins, K. (2025). Echoes of the past: The long-lasting effects of entrepreneurs' generational imprints on value-creation models. Journal of Business Venturing, 40(1), 106452.

    Maldonado-Bautista, I., Klein, P., & Artz, K. W. (2023). The Role of Political Values and Ideologies of Entrepreneurs and Financiers. Entrepreneurship Theory and Practice. April 2021. doi:10.1177/10422587211010496.

    Nikolaev, B. N., & Maldonado-Bautista, I. (2019). Personality traits and income attainment of self-employed people—Accounting for model uncertainty. Journal of Business Venturing Insights, 11, e00111.

    Sanchez-Ruiz, P., Maldonado-Bautista, I., Rutherford, M. (2018). Business stressors, family-business identity, and divorce in family business: A vulnerability-stress-adaptation (VSA) model. Journal of Family Business Strategy. doi.org/10.1016/j.jfbs.2018.03.005.

    Practitioner Publications

    Sanchez-Ruiz, P., Maldonado-Bautista, I., Klein, P., Vaughn, J. (2026, June 23). Sacred Values May Keep Some People From Becoming Entrepreneurs. Entrepreneur & Innovation Exchange (EIX). 

    Sanchez-Ruiz, P., & Maldonado-Bautista, I. (2026, February 6). Buying a Business Means Inheriting Its Stakeholders. Entrepreneur & Innovation Exchange (EIX).

    Maldonado-Bautista, I., Sanchez-Ruiz, P., Parhankangas, A. (2025, March 10). Generational experiences shape family business leaders' priorities. Entrepreneur & Innovation Exchange (EIX). [20,217 views]

    Book Chapters

    Maldonado-Bautista, I., Ju, H., Guo, S., Sanchez-Ruiz., “Social Entrepreneurship Models from the Global South” Handbook of Social Entrepreneurship edited by Qureshi, I., Ventresca, M., Slawinski, N., and Teasdale, S., scheduled for publication by De Gruyter in 2026.

    Klein, P., & Maldonado-Bautista, I. (2022). Entrepreneurship and stakeholder theory: A review and assessment. In The Business of Sustainability: An Organizing Framework for Theory, Practice and Impact. Eds. George, G., Haas, M. R., Joshi, H., McGahan, A., and Tracey, P. Edward Elgar.

    Abstracts

    Refereed Conference Proceedings

    Ju, H., Maldonado-Bautista, I., Parhankangas, A., & Sanchez-Ruiz, P. (2026) Humble entrepreneurs, happy stakeholders: How humility influences stakeholders in resource acquisition. Frontiers of Entrepreneurship Research.

    Maldonado-Bautista, I., Klein, P., Ju, H. (2023). Entrepreneur political ideology divergence and stakeholder strategy: The role of stakeholder activism and institutional protection. Frontiers of Entrepreneurship.

    Maldonado-Bautista, I., Ju, H. (2023). An influence of entrepreneurs’ positive affect and prosocial behavior on stakeholder management strategies. Frontiers of Entrepreneurship.

    Sanchez-Ruiz, P., Maldonado-Bautista, I., Klein, P., Artz, K. W. (2020). The Effectiveness of Government Funding on Firm Performance: Towards A Judgment-based View of “Proxy Financiers. Frontiers of Entrepreneurship.

    Maldonado-Bautista, I., & Shreffler, K. (2016). Linking family science and entrepreneurship to support women. NCFR Report: Entrepreneurship and Family Business.