ACADEMIC EMPLOYMENT. Assistant Professor of Entrepreneurship North Carolina State University, Raleigh, NC August 2008 Present

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1 David M. Townsend Dept. of Management, Innovation, & Entrepreneurship College of Management North Carolina State University 2801 Founders Drive, Nelson Hall 1343 Campus Box 7229 Raleigh, NC Phone: (919) Fax: (919) ACADEMIC EMPLOYMENT Assistant Professor of Entrepreneurship North Carolina State University, Raleigh, NC August 2008 Present Graduate Research/Teaching Assistant The University of Oklahoma, Norman, OK August 2004 July 2008 EDUCATION Ph.D. M.Mgt. B.A. The University of Oklahoma- Norman, Oklahoma Major: Strategy & Entrepreneurship July 2008 Oral Roberts University- Tulsa, Oklahoma July 2004 (Highest Honors) Oral Roberts University- Tulsa, Oklahoma May 1998 (Magna cum laude) PUBLICATIONS Mitchell, J.R., Hart, T.A., Valcea, S., Townsend, D.M., Becoming the Boss: Discretion and postsuccession success in family firms. Entrepreneurship Theory and Practice, Forthcoming. Townsend, D.M., Busenitz, L.W., & Arthurs, J.D To start or not to start? Ability and outcome expectations in the decision to start to a new entrepreneurial venture. Journal of Business Venturing, In press. Townsend, D.M. & Busenitz, L.W Factor payments, resource-based bargaining, and the creation of firm wealth in technology-based ventures. Strategic Entrepreneurship Journal, 2(4): Page 1 of 5

2 Townsend, D.M. & Hart, T.A Perceived institutional ambiguity and the choice of organizational form in social entrepreneurial ventures. Entrepreneurship Theory and Practice, 32(4): RESEARCH UNDER JOURNAL REVIEW Sharfman, M.P., Busenitz, L.W., Townsend, D.M., & Harkins, J.A Profit-oriented social entrepreneurship. Revise and re-submit at Strategic Entrepreneurship Journal. Townsend, D.M Entrepreneurial agency in the survival of young ventures. Under review at Academy of Management Review. WORKING PAPERS Townsend, D.M., Bolino, M., Arthurs, J.D., & Gilstrap, J.B Overcoming the liability of smallness: Organizational citizenship behaviors as behavioral slack in high growth ventures. Reject and resubmit at Academy of Management Review. Liu, K., Arthurs, J.D., Busenitz, L.W., & Townsend, D.M Founders, governance, and firm valuation: Does the market perceive psychological ownership? Reject and resubmit at Strategic Entrepreneurship Journal. Townsend, D.M Uncertainty, epistemology, and real options: The case of early-stage capital investments in technology-based ventures. Townsend, D.M Resource valuation through early-stage capital acquisition: Theory development and empirical analysis. Townsend, D.M. & Busenitz, L.W Resource complementarities, trade-offs, and undercapitalization in technology-based ventures: An empirical analysis. Townsend, D.M., DeTienne, D., Yitshaki, R., & Arthurs, J.D Psychological ownership in entrepreneurial organizations: Theoretical and model development. Townsend, D.M., Mitchell, J.R., Busenitz, L.W., & Mitchell, R.K Towards a unified theory of entrepreneurial cognition: Theoretical and model development. Young, G. & Townsend, D.M Social entrepreneurship: A framework for theory integration and boundaries. CONFERENCE PRESENTATIONS & PROCEEDINGS Page 2 of 5

3 Townsend, D.M. & Busenitz, L.W The capitalization paradox and real options: The case of early-stage capital investments in technology-based ventures Strategic Management Society Research Conference in Washington, D.C. Townsend, D.M Resource valuation through early-stage capital acquisition: Theory development and empirical analysis Academy of Management Conference in Chicago, Il. Townsend, D.M., Mitchell, J.R., Busenitz, L.W., & Mitchell, R.K Towards a unified theory of entrepreneurial cognition: Theoretical and model development Academy of Management Conference in Chicago, Il. (Symposium Presentation). Townsend, D.M. & Busenitz, L.W Resource complementarities, trade-offs, and undercapitalization in technology-based ventures: An empirical analysis Babson College Entrepreneurship Research Conference. Townsend, D.M., DeTienne, D., Yitshaki, R., & Arthurs, J.D Psychological ownership in entrepreneurial organizations: Theoretical and model development Babson College Entrepreneurship Research Conference. Townsend, D.M Uncertainty and early-stage capital acquisition in technology-based ventures: A resource-based analysis SES Manuscript Bootcamp, Salt Lake City, UT. Townsend, D.M., Mitchell, J.R., Busenitz, L.W., & Mitchell, R.K Captains of their own destiny? Assessing the role of individual agency in entrepreneurial cognition research Academy of Management Meetings in Philadelphia, PA. Townsend, D.M., Bolino, M.C., Arthurs, J.A., & Gilstrap, J.B Overcoming the liability of newness: Organizational citizenship behaviors as behavioral slack in high growth ventures Academy of Management Meetings in Philadelphia, PA. Arthurs, J.A., Busenitz, L.W., Townsend, D.M., & Liu, C Does the market perceive psychological ownership? 2007 Frontiers of Entrepreneurship Research: Babson College Entrepreneurship Research Conference in Madrid, Spain. Townsend, D.M., Busenitz, L.W., & Arthurs, J.D To start or not to start? Ability and outcome expectations in the decision to start to a new entrepreneurial venture Lally-Darden-Humboldt Young Entrepreneurship Scholars Retreat in Berlin, Germany. Arthurs, J.D., Busenitz, L.W., Townsend, D.M., & Liu, C Psychological Ownership in Entrepreneurs and their Relationship with Venture Capitalists Lally-Darden-Humboldt Young Entrepreneurship Scholars Retreat in Berlin, Germany. Townsend, D.M. & Hart, T.A Institutional antecedents of organizational form choice in social entrepreneurial ventures Ethics and Entrepreneurship Conference at the University of Minnesota. Page 3 of 5

4 Townsend, D.M Institutional Antecedents of Organizational Structure Choice in Social Entrepreneurial Ventures Academy of Management Meetings in Atlanta, GA. Arthurs, J.D., Harkins, J.A., & Townsend, D.M Undervalued Strategic Factors and Organizational Attractiveness: An extension of Resource Base Theory Academy of Management Meetings in Atlanta, GA. Sharfman, M.P., Busenitz, L.W., Townsend, D.M., & Harkins, J.A The theoretical domain of for-profit social entrepreneurship Academy of Management Meetings in Atlanta, GA. Townsend, D.M. & Harkins, J.A Clairvoyance or Something Less Sinister: A Cognitive Model of Market Insights and Entrepreneurial Opportunity Recognition Academy of Management Meetings in Honolulu, Hawaii. Best Paper Proceedings Entrepreneurship Division. Sharfman, M.P., Busenitz, L.W., Townsend D.M., & Harkins, J.A Examining the Social Entrepreneurship Phenomenon: A Process Model of Social Venture Choice Academy of Management Meetings in Honolulu, Hawaii. TEACHING EXPERIENCE North Carolina State University (Fall 2008 Present) Global Management Simulation (MBA 508): Fall 2008 Entrepreneurship (MIE 410): Fall 2008; Spring 2009 Entrepreneurship Practicum (MIE 419): Spring ; Fall 2007 Fundamentals of Strategic Leadership (MGT 4710): Winter Intersession 2005; Spring Intersession 2006; Summer 2007 Business Plan (ENT 4603): Spring 2008 PROFESSIONAL SERVICE Ad hoc Reviewer for Journal of Business Venturing (2008-Present) Ad hoc Reviewer for Journal of Management Studies (2008) Reviewer for the Academy of Management Conference ENT Division ( , 2009) Reviewer for the Academy of Management Conference BPS Division ( , 2009) UNIVERSITY SERVICE NC State University MIE New Faculty Recruitment Committee ( ) NC State University COM UG Entrepreneurship Curriculum Committee ( ) Michael F. Price College of Business Doctoral Student Association President ( ) Page 4 of 5

5 RESEARCH GRANTS NC State University Gill Grant (Applied for $10,000) FRPD Grant (Applied for $5,333) The University of Oklahoma Summer Research Fellowship ($10,000) Page 5 of 5

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