Marcel C. Minutolo, Ph.D.
Professor of Management (Management)
412-397-5451 phone (M)
412-397-2217 fax
Massey Hall 314

LinkedIn Profile

Educational Background

  • Ph.D., Strategy, University of Pittsburgh, 2009
  • Master of Business Administration, Business Administration, University of Pittsburgh, 2001
  • Certificate, Asian Studies, University of Pittsburgh, 1998
  • Bachelor of Arts, Philosophy, University of Pittsburgh, 1995

Professional Background

  • Certified Six Sigma Black Belt
  • Amazon Web Services Cloud Practitioner
  • Amazon Web Services Accredited Instructor

Area of Expertise/Research

  • Strategy - in particular Mergers and Acquisitions
  • Innovation and Technology Transfer
  • Conflict resolution
  • Sustainability, particularly the concept of 'radical transparency'


  • Prado, Francisco, Minutolo, M.C., and Kristjanpoller, W. (2020). Forecasting based on an ensemble autoregressive moving average - adaptive neuro - fuzzy inference system - neural network - genetic algorithm framework. Energy: The International Journal, 197, 117-159.
  • Minutolo, M.C., Kristjanpoller, W.D., and Stakeley, J. (2019). Exploring environmental, social, and governance disclosure effects on the S&P 500 financial performance. Business Strategy and the Environment, 28(6), 1083-1095.
  • Ivanova, A., Minutolo, M.C. (2018). Impact of LEED certification on the market value of the firm. International Journal of Environment and Sustainable Development, 17(4), 317-330.
  • Minutolo, M.C., Sierra, A., and Kristjanpoller, W. (2018). Short and long-term dynamic dependencies of main Latin American stock indexes and commodity prices: A wavelet approach. Journal of Accounting and Finance, 18(5).
  • Kristjanpoller, W., Minutolo, M.C. (2018). A hybrid volatility forecasting framework integrating GARCH, artificial neural network, technical analysis and principal components analysis. Expert Systems with Applications, 109, 1-11.
  • Gajardo, G., Kristjanpoller, W., and Minutolo, M.C. (2018). Does Bitcoin exhibit the same asymmetric multifractal cross-correlations with crude oil, gold and DJIA as the Euro, Great British Pound and Yen? Chaos, Solitons, & Fractals, 109, 195-205.
  • Minutolo, M.C., Mills, C., & Stakeley, J. (2017). Incentivizing management discretionary philanthropy: Social profit credits. Journal of Business and Behavioral Sciences, 29(2), 1701-181.
  • Ivanova, A., Minutolo, M.C., and Marcus, A. (2016). Direct and vicarious learning and firm performance. Journal of Behavioral and Applied Management, 17(2), 134-151.

  • Yang, Q. and Minutolo, M.C. (2016). The strategic approaches for a new typology of patent portfolios. International Journal of Innovation and Technology Management, 13(2), 1-18.
  • Kristjanpoller, W., Minutolo, M.C. (2016). Forecasting volatility of oil price using an Artificial Neural Network-GARCH model. Expert Systems with Applications, 65, 233-241.
  • Kristjanpoller, W., Minutolo, M.C. (2015). Gold price volatility: A forecasting approach using the Artificial Neural Network-GARCH model. Expert Systems with Applications, 42(20), 7245-7251.
  • Kristjanpoller, W., Fadic, Minutolo, M.C. (2014). Volatility forecast using hybrid neural network models. Expert Systems with Applications, 41(5), 2437-2442.
  • Smith, A.D., and Minutolo, M.C. (2014). Green supply chain acceptability and internal stakeholder concerns. International Journal of Logistics Systems and Supply Management, 19(4), 464-490.
  • Bennington, A. J. & Minutolo, M. C. (2013). Intent to be a socially responsible small or medium-sized enterprise: Theory of planned behavior and leaders' actualizing. Journal of Management and Sustainability, 3(1).
  • Nikulin, C., Graziosi, S., Cascini, G., Araneda, A., & Minutolo, M.C. (2013). An algorithm for supply chain integration based on OTSM-TRIZ. Procedia - Social and Behavioral Sciences, 75(3), 383-396.
  • Potter, J., Minutolo, M.C., & Mainier, E. (2012). The use of entrepreneurial separation to transfer technology programs to overcome market failures to license intellectual property. SAM Advanced Management Journal, 77(2).
  • Minutolo, M. C. & Potter, J. (2011). An introduction to entrepreneurial separation to transfer technology programs. Journal of High Technology Management Research, 22(2), 114-120.
  • Geng, Q. & Minutolo, M. C. (2010). Failure fee under stochastic demand and information asymmetry. International Journal of Production Economics, 128, 269-279.
  • Potter, J., Minutolo, M. C., & Lipinski, J. (2010). Key factors for shortening response time in the strategic issues diagnosis process. Journal of Behavioral and Applied Management, 12(1), 69-70.
  • Crothers, L., Lipinski, J., & Minutolo, M. C. (2009). Cliques, rumors and gossip by the water cooler: Female bullying in the workplace. The Psychologist Manager Journal, 12(2), 97-110.
  • Zoffer, J., Bahurmoz, A., Hamid, M. K.; Minutolo, M. C., & Saaty, T. (2008). Synthesis of complex criteria decision making: A case towards a consensus agreement for a Middle East conflict resolution. Group Decision and Negotiation, 17(5), 363-385.
  • Minutolo, M. C. (2008). Revisiting when firms learn from their acquisition experience: Evidence from 1996 - 2006. Regional Business Review, 27, 94-111.
  • Lipinski, J., Minutolo, M. C. & Crothers, L. M. (2008). The complex relationship driving technology transfer: The potential opportunities missed by universities. Journal of Behavioral and Applied Management, 9(2), 112- 133.