Dr. Max Braun
Assistant Professor
Institute of Strategic Management
Office address:
Ludwigstr. 28 (RG)
Room 304
80539 Munich
Office hours:
Mondays and Tuesdays
By appointment
Resume
- Since 10/2023: Assistant Professor, LMU Munich, Institute of Strategic Management
- 2021-2023: Postdoctoral Researcher, FU Berlin, Chair of Strategic Management
- 2015-2021: Research Associate FU Berlin, Chair of Strategic Management
Education
- Dr. rer. pol. in Business and Economics, FU Berlin (2020)
- M. Sc. in Management and Marketing, FU Berlin (2012)
- B. A. in Economics, University of Erlangen-Nuremberg (2010)
Research Interests
Why do organizations engage in misconduct that harms their stakeholders? My research moves the focus beyond absent organizational safeguards, toward how stakeholders create permissive environments by legitimizing misconduct and misdirecting governance. Integrating social judgment theories with behavioral corporate governance, I explore when governance structures (such as incentive design, monitoring, voting, board representation) and social judgments (including legitimacy, trust, reputation) shift from constraining misconduct to enabling it. Using panel regression and meta-analyses, I investigate those shifting influences across securities fraud, data breaches, and interorganizational opportunism. By revealing how stakeholders’ social judgments shape the effectiveness of formal governance structures, my work reconceptualizes stakeholder governance and advances understanding of the social conditions that allow organizational misconduct to persist.
Publications
- Braun, M. C., Mueller, S. M. (2025). External Corporate Governance and Corporate Misconduct: A Meta-Analysis, Corporate Governance: An International Review, 33 (4), 832-849. DOI: 10.1111/corg.12627
- Hofsaess, L., Braun, M. C. (2023). Exploring the Dimensionality of Opportunism in Inter-Organizational Relationships with Meta-Analysis, Academy of Management Best Paper Proceedings, 2023 (1). DOI:10.5465/AMPROC.2023.167bp.
- Braun, M. C., Jess, C. (2022). Impression Management in Corporate Communication to Camouflage Financial Misrepresentation, Academy of Management Best Paper Proceedings, 2022 (1), DOI:10.5465/AMBPP.2022.145.