Zhi Cao (Management, Entrepreneurship, and Technology) co-authored a paper, "Carriers of Competing Institutional Logic: The Effect of Returnees on Corporate Boards on M&A," that was selected as a finalist for the IM Division Douglas Nigh Award in this year's Academy of Management annual meeting, which will be virtual this year. 

The Douglas Nigh Award is presented to the best division paper that employs an interdisciplinary perspective and is authored by junior scholars. This award was instituted in memory of the late Dr. Douglas Nigh (University of South Carolina), who was passionate about both cross-disciplinary research and development of junior scholars. The award is supported by the Doug Nigh Award Endowment Fund. The IM Division program chair selects a set of four or five finalists, and the IM Division Research Committee selects the winning paper through a blind review of these shortlisted papers. It is sponsored by the University of South Carolina.