Jean-François Hennart (PhD, Economics, University of Maryland) is Professor of International Management at Tilburg University. His research focuses on the comparative study of international economic institutions such as multinational firms and their contractual alternatives, joint ventures and alliances, and modes of foreign market entry. His Theory of Multinational Enterprise pioneered the application of transaction cost theory to international business. He is a Fellow of the European International Business Academy and holds an honorary doctorate from the University of Vaasa. His highly cited work has been published in the Journal of Economic Behavior and Organization, Organization Science, Management Science, the Strategic Management Journal and the Journal of International Business Studies, among others.