Prof. Dr. habil. Christopher Hartwell

Work at ZHAW

Position

Head of the International Management Institute

Teaching

• International Economics and Politics (Country Risk)
• Macroeconomics
• Foreign Affairs and Diplomacy
• Doing Business in Emerging Markets

Experience

• Head of the International Management Institute
  ZHAW
  02 / 2021 - today
• University Professor
  Kozminski University
  06 / 2014 - today
• Professor of Financial Systems Resilience
  Bournemouth University
  01 / 2018 - 01 / 2021
• President
  CASE-Center for Social and Economic Research
  05 / 2014 - 01 / 2018
• Head of Global Markets and Institutional Research
  Institute for Emerging Market Studies (IEMS) at Moscow School of Management - SKOLKOVO
  2010 - 2014
• Country Representative and Investment Climate Advisor, Tonga
  IFC, part of the World Bank Group
  2008 - 2010
• Deputy Chief of Party
  USAID Social Protection Strengthening Project, Armenia
  2007 - 2008
• Public Administration Expert - Kosovo, Georgia, Afghanistan, Bosnia
  various
  2005 - 2007
• Deputy Chief of Party
  DAI - USAID Fiscal Reform in Support of Trade Liberalization project
  2004 - 2005
• International Economist - Kosovo and Afghanistan
  US Department of the Treasury
  2002 - 2004
• Senior Analyst
  Emerging Markets Partnership
  2000 - 2002
• Policy Analyst
  Reason Public Policy Institute
  1998 - 2000
• Research Assistant
  Harvard Institute for International Development
  1996 - 1998

Education and Continuing education

Education

• Habilitation / Economics and Finance
  Kozminski University
  2020 - 04 / 2023
• PhD / Economics
  Warsaw School of Economics
  2008 - 2011
• MPP / International Trade and Finance
  Harvard University (Kennedy School of Government)
  1995 - 1997
• BA / Political Science and Economics
  University of Pennsylvania
  1991 - 1995

Network

ORCID digital identifier

ORCID ID: 0000-0003-3340-1276

Social media

• LinkedIn
• Twitter/X

Projects

• Soviet-Swiss trade relations in the period of the Cold War (1945-1991) / Deputy project leader / ongoing
• EcoLink: Cross-border Linking of Sustainability Data / Deputy project leader / ongoing
• Purpose-driven Design and Innovation at Logitech: Research and Global Classroom / Deputy project leader / completed
• The new era of Ukraine’s foreign policy towards the EU / Project leader / completed
• Pelt8 Scale Up / Deputy project leader / completed
• Tokenized Voluntary Carbon Offsetting Mechanism for Accelerated Adoption / Deputy project leader / completed
• Economic Priorities in Post-War Ukraine / Project leader / completed
• The Economic Reconstruction of Belarus / Project leader / completed
• Leveraging Leadership for Responsible Research and Innovation in Territories / Team member / completed

Publications

• Hartwell, Christopher A.,

  2025.

  Connected to a sinking ship? Firm performance in a besieged autocracy.

  Journal of Management.

  Available from: https://doi.org/10.1177/01492063251359201

• Hartwell, Christopher A.; Korovkin, Vladimir; Vershinina, Natalia,

  2025.

  Training the elephant to dance : state-owned enterprises, transition, and the reinterpretation of legacy.

  Academy of Management Perspectives.

  Available from: https://doi.org/10.5465/amp.2023.0277

• Hartwell, Christopher A.; Konwar, Ziko; Devinney, Timothy M.,

  2025.

  Scratching the surface : multinational enterprises and federalist political systems.

  Long Range Planning.

  58(3), pp. 102526.

  Available from: https://doi.org/10.1016/j.lrp.2025.102526

• Corina, Margherita; Hartwell, Christopher; Carballo, Alfonso,

  2025.

  Holding back the damage : strong political institutions and the effect of populism on business investment.

  Journal of International Business Studies.

  56(5), pp. 608-630.

  Available from: https://doi.org/10.1057/s41267-024-00769-5

• Hartwell, Christopher,

  2025.

  Book review : The Russia-Ukraine War and its implications on Central Asia edited by Assylzat Karabayeva and Ikboljon Qoraboyev, Lanham, Maryland, Lexington Press, 2024, pp. 238, $115.00 (hbk), ISBN 978-1666966473.

  Central Asian Survey.

  pp. 476-478.

  Available from: https://doi.org/10.1080/02634937.2025.2536488

• Hartwell, Christopher A.,

  2024.

  The decline of economic and political freedom after Covid‐19 : a new authoritarian dawn?.

  Politics and Governance.

  12(9320).

  Available from: https://doi.org/10.17645/pag.9320

• Hartwell, Christopher A.; Hubschmid-Vierheilig, Elena,

  2024.

  Do markets pay attention to political disinformation?.

  Finance Research Letters.

  70(106366).

  Available from: https://doi.org/10.1016/j.frl.2024.106366

• Hartwell, Christopher A.; Korovkin, Vladimir,

  2024.

  Strategizing on the riverbank : state-owned enterprises, paradoxes, and the success of Sberbank.

  Business History.

  67(2), pp. 521-550.

  Available from: https://doi.org/10.1080/00076791.2024.2382965

• Hartwell, Christopher; Ursprung, Dominique,

  2024.

  Diplomacy and MNE strategy : how international relations can influence international business.

  Multinational Business Review.

  32(2), pp. 226-240.

  Available from: https://doi.org/10.1108/MBR-12-2023-0199

• Hartwell, Christopher; Zadorozhna, Olha,

  2024.

  The connections that bind : political connectivity in the face of geopolitical disruption.

  Journal of International Management.

  30(3), pp. 101141.

  Available from: https://doi.org/10.1016/j.intman.2024.101141

• Polak, Aleksandra; Hartwell, Christopher A.; Sidło, Katarzyna W.,

  2023.

  Physically present but spiritually distant : the view of the European Union in Poland.

  Comparative Southeast European Studies.

  71(3), pp. 300-332.

  Available from: https://doi.org/10.1515/soeu-2022-0054

• Hartwell, Christopher A.,

  2023.

  Political violence and financial markets in Tsarist Russia.

  Financial History Review.

  30(2), pp. 231-275.

  Available from: https://doi.org/10.1017/S0968565023000057

• Hartwell, Christopher A.; Devinney, Timothy M.,

  2023.

  A responsibility to whom? : populism and its effects on corporate social responsibility.

  Business & Society.

  63(2), pp. 300-340.

  Available from: https://doi.org/10.1177/00076503231163536

• Hartwell, Christopher Andrew,

  2023.

  What is the European Central Bank supposed to do?.

  Accounting, Economics, and Law: A Convivium.

  13(2), pp. 217-242.

  Available from: https://doi.org/10.1515/ael-2020-0035

• Hartwell, Christopher A.,

  2023.

  In our (frozen) backyard : the Eurasian Union and regional environmental governance in the Arctic.

  Climatic Change.

  176(4), pp. 45.

  Available from: https://doi.org/10.1007/s10584-023-03491-7

• Hartwell, Christopher A.; Devinney, Timothy M.,

  2022.

  The demands of populism on business : introducing corporate political responsibility.

  International Business Review.

  33(2), pp. 102075.

  Available from: https://doi.org/10.1016/j.ibusrev.2022.102075

• Dragneva, Rilka; Hartwell, Christopher A.,

  2022.

  The crisis of the multilateral order in Eurasia : authoritarian regionalism and its limits.

  Politics and Governance.

  10(2), pp. 95-105.

  Available from: https://doi.org/10.17645/pag.v10i2.4809

• Hartwell, Christopher A.,

  2022.

  The limits of institutions and the reliance on heuristics during the COVID-19 pandemic.

  Journal of Applied Social Science.

  16(2), pp. 419-441.

  Available from: https://doi.org/10.1177/19367244221077410

• Djalilov, Khurshid; Hartwell, Christopher A.,

  2022.

  The spirit is willing, but the institutions are weak : disclosure of corporate social responsibility and the financial sector in transition.

  Eurasian Business Review.

  13(2), pp. 385-427.

  Available from: https://doi.org/10.1007/s40821-022-00224-1

• Djalilov, Khurshid; Hartwell, Christopher,

  2021.

  Do social and environmental capabilities improve bank stability? : evidence from transition countries.

  Post-Communist Economies.

  34(5), pp. 624-646.

  Available from: https://doi.org/10.1080/14631377.2021.1965359

• Baines, Darrin; Disegna, Marta; Hartwell, Christopher,

  2021.

  Portfolio frontier analysis : applying mean-variance analysis to health technology assessment for health systems under pressure.

  Social Science & Medicine.

  276(113830).

  Available from: https://doi.org/10.1016/j.socscimed.2021.113830

• Hartwell, Christopher A.; Korovkin, Vladimir,

  2021.

  Contracting in a void : the role of the banking sector in developing property rights in Russia.

  The Quarterly Review of Economics and Finance.

  82, pp. 113-127.

  Available from: https://doi.org/10.1016/j.qref.2021.08.007

• Hartwell, Christopher A.,

  2021.

  Market behavior in the face of political violence : evidence from Tsarist Russia.

  Journal of Risk and Financial Management.

  14(9), pp. 1-12.

  Available from: https://doi.org/10.3390/jrfm14090445

• Hartwell, Christopher; Horvath, Roman; Horvathova, Eva; Popova, Olga,

  2021.

  Natural resources and income inequality in developed countries : synthetic control method evidence.

  Empirical Economics.

  62(2), pp. 297-338.

  Available from: https://doi.org/10.1007/s00181-021-02023-5

• Hartwell, Christopher A.,

  2021.

  Part of the problem? : the Eurasian Economic Union and environmental challenges in the former Soviet Union.

  Problems of Post-Communism.

  69(4-5), pp. 317-329.

  Available from: https://doi.org/10.1080/10758216.2021.1960173

• Hartwell, Christopher A.,

  2021.

  Populism and financial markets.

  Finance Research Letters.

  46(102479), pp. 1-10.

  Available from: https://doi.org/10.1016/j.frl.2021.102479

• Hartwell, Christopher A.; Devinney, Timothy,

  2021.

  Populism, political risk, and pandemics : the challenges of political leadership for business in a post-COVID world.

  Journal of World Business.

  56(4), pp. 40955.

  Available from: https://doi.org/10.1016/j.jwb.2021.101225

• Głowacki, Krzysztof; Hartwell, Christopher Andrew; Karunska, Kateryna; Kurczewski, Jacek; Botsch, Elisabeth; Göhring, Tom; Priesmeyer-Tkocz, Weronika,

  2021.

  The rule of law and its social reception as determinants of economic development : a comparative analysis of Germany and Poland.

  The Law and Development Review.

  14(2), pp. 359-400.

  Available from: https://doi.org/10.1515/ldr-2021-0043

• Hartwell, Christopher; Otrachshenko, Vladimir; Popova, Olga,

  2021.

  Waxing power, waning pollution : the effect of COVID-19 on Russian environmental policymaking.

  Ecological Economics.

  184(107003).

  Available from: https://doi.org/10.1016/j.ecolecon.2021.107003

• Hartwell, Christopher,

  2020.

  Institutions and trade-related inequality.

  International Journal of Finance & Economics.

  27(3), pp. 3246-3264.

  Available from: https://doi.org/10.1002/ijfe.2319

• Hartwell, Christopher A.,

  2020.

  Shooting for the tsars : heterogeneous political volatility and institutional change in Russia.

  Terrorism and Political Violence.

  34(4), pp. 706-724.

  Available from: https://doi.org/10.1080/09546553.2020.1732939

• Hartwell, Christopher; Urban, Mateusz,

  2020.

  Burning the Rechtsstaat : legal institutions and protection of the rule of law.

  Journal of Institutional Economics.

  17(1), pp. 105-131.

  Available from: https://doi.org/10.1017/S1744137420000302

• Dragneva, Rilka; Hartwell, Christopher,

  2020.

  The Eurasian economic union : integration without liberalisation?.

  Post-Communist Economies.

  33(2-3), pp. 200-221.

  Available from: https://doi.org/10.1080/14631377.2020.1793586

• Grigaliuniene, Zana; Celov, Dmitrij; Hartwell, Christopher A.,

  2020.

  The more the merrier? : the reaction of euro area stock markets to new members.

  Journal of International Financial Markets, Institutions and Money.

  66(101195).

  Available from: https://doi.org/10.1016/j.intfin.2020.101195

• De Frahan, Bruno Henry; Hartwell, Christopher A.; Valdés, Alberto,

  2020.

  ¿Queda espacio para crecer? : oportunidades para el comercio agroalimentario en el contexto de la modernización del acuerdo de asociación entre la UE y Chile.

  Estudios Públicos.

  2020(158), pp. 61-91.

  Available from: https://doi.org/10.38178/07161115/2020.003

• Hartwell, Christopher A.,

  2019.

  Complexity, uncertainty, and monetary policy : can the ECB avoid the unconventional becoming the ‘new normal’?.

  The Economists’ Voice.

  16(1).

  Available from: https://doi.org/10.1515/ev-2019-0021

• Hartwell, Christopher A.; Horvath, Roman; Horvathova, Eva; Popova, Olga,

  2019.

  Democratic institutions, natural resources, and income inequality.

  Comparative Economic Studies.

  61(4), pp. 531-550.

  Available from: https://doi.org/10.1057/s41294-019-00102-2

• Hartwell, Christopher A.; Malinowska, Anna P.,

  2019.

  Informal institutions and firm valuation.

  Emerging Markets Review.

  40(100603).

  Available from: https://doi.org/10.1016/j.ememar.2019.03.001

• Hartwell, Christopher A.,

  2019.

  On the impossibility of central bank independence : four decades of time- (and intellectual) inconsistency.

  Cambridge Journal of Economics.

  43(1), pp. 61-84.

  Available from: https://doi.org/10.1093/cje/bex083

• Hartwell, Christopher A.,

  2019.

  Short waves in Hungary, 1923 and 1946 : persistence, chaos, and (lack of) control.

  Journal of Economic Behavior & Organization.

  163, pp. 532-550.

  Available from: https://doi.org/10.1016/j.jebo.2019.05.003

• Hartwell, Christopher A.,

  2018.

  Old wine and new bottles : a critical appraisal of the middle-income trap in BRICS countries.

  Russian Journal of Economics.

  4(2), pp. 133-154.

  Available from: https://doi.org/10.3897/j.ruje.4.27726

• Hartwell, Christopher A.; Malinowska, Anna P.,

  2018.

  Firm-level and institutional determinants of corporate capital structure in Poland : new evidence from the Warsaw stock exchange.

  Finance a úvěr - Czech Journal of Economics and Finance.

  68(2), pp. 120-143.

  Available from: http://journal.fsv.cuni.cz/storage/1404_hartwell.pdf

• Hartwell, Christopher A.,

  2018.

  The “hierarchy of institutions” reconsidered : monetary policy and its effect on the rule of law in interwar Poland.

  Explorations in Economic History.

  68, pp. 37-70.

  Available from: https://doi.org/10.1016/j.eeh.2018.03.001

• Hartwell, Christopher A.,

  2018.

  The impact of institutional volatility on financial volatility in transition economies.

  Journal of Comparative Economics.

  46(2), pp. 598-615.

  Available from: https://doi.org/10.1016/j.jce.2017.11.002

• Hartwell, Christopher A.,

  2017.

  Identity and the evolution of institutions : evidence from partition and interwar Poland.

  Forum for Social Economics.

  50(1), pp. 61-82.

  Available from: https://doi.org/10.1080/07360932.2017.1394900

• Hartwell, Christopher A.,

  2017.

  Bringing the benefits of David to Goliath : special economic zones and institutional improvement.

  Regional Studies.

  52(10), pp. 1309-1321.

  Available from: https://doi.org/10.1080/00343404.2017.1346371

• Hartwell, Christopher A.,

  2017.

  Foreign banks and the business environment in transition : a cointegration approach.

  Post-Communist Economies.

  30(1), pp. 19-35.

  Available from: https://doi.org/10.1080/14631377.2017.1361703

• Hartwell, Christopher,

  2017.

  The coevolution of finance and property rights : evidence from transition economies.

  Journal of Economic Issues.

  51(1), pp. 73-97.

  Available from: https://doi.org/10.1080/00213624.2017.1287488

• Hartwell, Christopher A.,

  2017.

  The effect of political volatility on capital markets in EU accession and neighborhood countries.

  Journal of Economic Policy Reform.

  21(4), pp. 260-280.

  Available from: https://doi.org/10.1080/17487870.2017.1311793

• Ambroziak, Adam A.; Hartwell, Christopher A.,

  2017.

  The impact of investments in special economic zones on regional development : the case of Poland.

  Regional Studies.

  52(10), pp. 1322-1331.

  Available from: https://doi.org/10.1080/00343404.2017.1395005

• Hartwell, Christopher A.,

  2017.

  Understanding “development” : insights from some aspects of complexity theory.

  Homo Oeconomicus.

  34(2-3), pp. 165-190.

  Available from: https://doi.org/10.1007/s41412-017-0050-7

• Hartwell, Christopher A.,

  2016.

  Determinants of property rights in Poland and Ukraine : the polity or politicians?.

  Journal of Institutional Economics.

  13(1), pp. 133-160.

  Available from: https://doi.org/10.1017/S1744137416000175

• Hartwell, Christopher A.,

  2016.

  If you’re going through hell, keep going : nonlinear effects of financial liberalization in transition economies.

  Emerging Markets Finance and Trade.

  53(2), pp. 250-275.

  Available from: https://doi.org/10.1080/1540496X.2016.1180284

• Hartwell, Christopher,

  2023.

  Kazakhstan : snow leopard at the crossroads.

  London:

  Routledge.

  Europa Emerging Economies.

  ISBN 978-1-032-08009-3.

  Available from: https://doi.org/10.4324/9781003212508

• Hartwell, Christopher A.,

  2023.

  Constitutional foundations of the post-communist Russian economy and the role of the state.

  In:

  Dabrowski, Marek, ed.,

  The contemporary Russian economy : a comprehensive analysis.

  Cham:

  Palgrave Macmillan.

  pp. 81-98.

  Available from: https://doi.org/10.1007/978-3-031-17382-0_5

• Devinney, Timothy M.; Hartwell, Christopher A.,

  2021.

  Managing around populism.

  In:

  Verbeke, Alain; van Tulder, Rob; Rose, Elizabeth L.; Wei, Yingqi, eds.,

  The Multiple Dimensions of Institutional Complexity in International Business Research.

  Bingley:

  Emerald.

  pp. 95-105.

  Progress in International Business Research ; 15.

  Available from: https://doi.org/10.1108/S1745-886220210000015007

• Hartwell, Christopher A.; Devinney, Timothy M.,

  2020.

  Adapting to populism’s (current and future) moment : political uncertainty and business strategy.

  In:

  Park, Seung Ho; Gonzalez-Perez, Maria Alejandra; Floriani, Dinora Eliete, eds.,

  The Palgrave Handbook of Corporate Sustainability in the Digital Era.

  London:

  Palgrave Macmillan.

  pp. 237-258.

  Available from: https://doi.org/10.1007/978-3-030-42412-1_13

• Hartwell, Christopher A.,

  2025.

  Kneeling to violent men : investors and insurrection in Imperial Russia.

  Business History.

  Available from: https://doi.org/10.1080/00076791.2025.2537690

• Ciravegna, Luciano; Hartwell, Christopher A.; Jandhyala, Srividya; Tingbani, Ishmael; Newburry, William,

  2023.

  Geopolitics in international business : challenges and insights.

  AIB Insights.

  23(1).

  Available from: https://doi.org/10.46697/001c.70428

• Hartwell, Christopher A.; Boyarchuk, Dmytro,

  2023.

  What should be the economic priorities in post-war Ukraine?.

  EconPol Forum.

  24(2), pp. 25-29.

  Available from: https://doi.org/10.21256/zhaw-27917

• Hartwell, Christopher A.,

  2022.

  The world has changed : moving to an officially post-post-transition region.

  Eastern European Economics.

  60(3), pp. 189-191.

  Available from: https://doi.org/10.1080/00128775.2022.2066939

• Hartwell, Christopher A.; Ursprung, Dominique,

  2021.

  Nach uns die Sintflut : die Konsequenzen des Abzugs aus Afghanistan.

  Neue Zürcher Zeitung.

• Hartwell, Christopher A.,

  2020.

  Central banks and institutional evolution in transition.

  In:

  Yağcı, Mustafa, ed.,

  The Political Economy of Central Banking in Emerging Economies.

  Oxon:

  Routledge.

  pp. 39-55.

• Hartwell, Christopher A.,

  2020.

  Economic integration and interdependence in the Czech Republic : at the heart of Europe: the Czech Republic and economic integration with the EU.

  In:

  Felméry, Zoltán, ed.,

  Economic Integration and Interdependence in Central and Eastern Europe.

  Budapest:

  Dialóg Campus.

  pp. 89-112.

• Hartwell, Christopher A.,

  2020.

  Russia in the MENA region : a familiar tale of economic means to political ends.

  In:

  Lovotti, Chiara; Tafuro Ambrosetti, Eleonora; Hartwell, Christopher; Chmielewska, Aleksandra, eds.,

  Russia in the Middle East and North Africa : Continuity and Change.

  London:

  Routledge.

  pp. 104-126.

• Hartwell, Christopher A.,

  2019.

  Special economic zones and the political economy of place-based policies.

  In:

  Fischer, Manfred M.; Nijkamp, Peter, eds.,

  Handbook of Regional Science.

  Berlin:

  Springer.

  Available from: https://doi.org/10.1007/978-3-642-36203-3_141-1

• Hartwell, Christopher,

  2016.

  Poland.

  In:

  Central and South-Eastern Europe 2017.

  Oxon:

  Routledge.

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