hero image
Richard Hayes - Hofstra University. Hempstead, NY, US

Richard Hayes

Associate Professor of Management and Entrepreneurship, Executive Director, Institute Innovation & Entrepreneurship | Hofstra University


Entrepreneurship and management, particularly in emerging economies; the sharing economy.



Dr. Hayes received his Ph.D. in Management and Organizations from the Kellogg School of Management, Northwestern University. In addition, he earned a Bachelor of Arts degree with honors in Business Administration from Morehouse College, a Master of Business Administration degree from the Goizueta Business School at Emory University and a Master of Divinity degree from the Duke University Divinity School.

Prior to joining the faculty at Hofstra, Dr. Hayes was a member of the faculty at North Carolina Central University (NCCU) where he won numerous teaching awards including being named Graduate Professor of the Year at NCCU for the 2004-2005 and 2005-2006 academic years as well as Undergraduate Professor of the Year for the 2005-2006 academic year. His corporate experience includes a stint as an Information Technology Consultant with Pricewaterhouse Coopers, a Communications Specialist for Bank of America and an Accounting Analyst for the Northern Trust Company. In addition, he completed an internship for the Honorable Mel Watt, former United States Congressman in his Charlotte field office.

Dr. Hayes has presented research at the annual meetings for the Academy of Management, American Sociological Association, Eastern Sociological Association, Western Academy of Management, African Academy of Management, International Academy of African Business and Development and the United States Association for Small Business and Entrepreneurship. He is a member of the Academy of Management, United States Association for Small Business and Entrepreneurship, Africa Academy of Management and the Association for African Business and Development where he is the Vice President for Finance and Treasurer. In addition, he is a member of multiple honor societies, including the Delta of Georgia chapter of Phi Beta Kappa, Golden Key National Honor Society and Sigma Beta Delta Business Honor Society.

His research areas include entrepreneurial activity both in the United States and in emerging economies, management of innovation and social entrepreneurship. From 2006-2008, Dr. Hayes taught a summer graduate course in managing organizations at the Ghana Institute of Management and Public Administration in Accra, Ghana, West Africa. Since 2014, Dr. Hayes has been a visiting Associate Professor at the University of Johannesburg.

Industry Expertise (3)


Financial Services


Areas of Expertise (7)


Strategic Management

Management of Innovation

Entrepreneurship in Developed and Developing Economies

Family Enterprises

Entrepreneurship Pedagogy

The Sharing Economy

Accomplishments (2)

Graduate Professor of the Year (professional)


Awarded by the North Carolina Central University from 2004-2006.

Undergraduate Professor of the Year (professional)


Awarded by the NCCU.

Education (3)

Northwestern University: Ph.D. 2005

Emory University: M.B.A. 1998

Morehouse College: B.A. 1996

Media Appearances (3)

Get free stuff, make friends through Buy Nothing groups

Newsday  online


Richard Hayes, an associate professor of management and entrepreneurship at Hofstra University who studies the sharing economy, says groups like these can help build a sense of community. While Hayes doesn’t think these free exchange groups will “radically change consumer consumption” in the global marketplace, he thinks “at its intended local level, this could be an important social innovation,” he said. Hayes does have concerns about diversity in these groups. “In communities that are not very diverse organically, often the market is a place where you can meet different people. A hyperlocal market has the potential to only reinforce the lack of diversity in a given community,” he said.

view more

LifeVac anti-choking device’s inventor faces fragmented market

Newsday  online


Dr. Hayes interviewed on the potential market for an anti-choking device.

view more

Sharing economy trying to be easier on environment

Metro US  online


Dr. Richard Hayes, a professor of Management and Entrepreneurship in the Frank G. Zarb School of Business, discusses the rapid growth of the so-called ‘sharing economy’, as seen in the success of companies such as Uber and Airbnb. Read the story in Metro US.

view more