Jaeho Lee
Professor
Department of International Business and Trade
College of Politics and Economics
Kyung Hee University
Seoul, 02447, Republic of Korea
Phone: 82 (0)2 961 0985 Fax: 82 (0)2 961 0622
E-mail: jaeholee@khu.ac.kr
EDUCATION
Ph.D. in Management Studies (Subject Group: Business and Management Economics), Judge Business School (and Jesus College), University of Cambridge, UK, July 2004
§ Thesis topic: The Impact of Venture Capital Participation on Firm Performance (Ph.D. supervisor: Professor Alan Hughes, Director of ESRC Centre for Business Research, Margaret Thatcher Professor of Enterprise Studies at the Judge Business School, University of Cambridge)
M.Phil. in Management Studies, Judge Business School, University of Cambridge, UK, July 1999
§ Graduated with near Distinction (M.Phil. supervisor: Professor John Hendry, currently Head of the University of Reading Business School)
M.Sc. in International Accounting and Finance, Department of Accounting and Finance, London School of Economics and Political Science, UK, August 1998
§ Graduated with Merit
M.B.A. in Business Administration (Subject Group: International Business/Finance), Seoul National University, Korea, February 1992 (M.B.A advisor: Professor Sang-Kee Min)
B.Sc. in Economics, Seoul National University, Korea, February 1990
EXPERIENCE
Professor (following Assistant and Associate Professor), Department of International Business and Trade, College of Politics and Economics, Kyung Hee University, Korea, March 2011 to present
Assistant Professor, Technology Innovation & Management (TIM) Graduate Program, Pohang University of Science and Technology (POSTECH), Korea, September 2007 to February 2011
Research Fellow in International Business and Strategic Management, Birmingham Business School, University of Birmingham, UK, April 2005 to September 2007
Research Associate (in Enterprise and Innovation Group), ESRC Centre for Business Research, Judge Business School, University of Cambridge, UK, April 2005 to September 2010
Research Fellow (in Enterprise and Innovation Group), ESRC Centre for Business Research, Judge Business School, University of Cambridge, UK, July 2004 to March 2005
Research Assistant, ESRC Centre for Business Research, Judge Business School, University of Cambridge, UK, December 2003 to June 2004, April 2002
Contract Seminar Teacher, School of Management, Birkbeck College, University of London, UK, October 2004 to December 2004
Junior Economist, Department of Supervision Planning, Office of Banking Supervision, The Bank of Korea, Korea, March 1996 to June 1997
Junior Deputy Manager, Department of Credit Management, Office of Banking Supervision, The Bank of Korea, Korea, December 1992 to March 1996
Research Assistant, Seoul National University Business School, Korea, December 1989 to February 1992 (for Professor Sang-Kee Min)
RESEARCH INTERESTS
Globalization, Foreign Direct Investment and Growth in Emerging Markets
High-Technology Financing and Venture Capital
Corporate Governance and Financial Performance of High-tech Firms
International Development Issues and Technology Policy
Determinants and Performance of Foreign Entry Modes
PUBLICATIONS
Journal Articles, Book and Book Chapters
"The impact of ESG participation on firm innovation: Empirical findings from international data" (with Jungwook Kim and Jaemin Cho), SAGE Open, (2024), forthcoming. [SSCI]
"The Effects of Leadership of Korean Large Companies’ Managers on Organizational Commitment in China: Focusing on the Mediating Effect of Organizational Culture (in Korean)" (with Shan Li and Sanghyun Park), Journal of Asia-Pacific Studies, 30(2) (2023), pp.39-76. [KCI]
"Longitudinal Market Valuation of Unexpectedly Increased R&D Expenditure with the Real Option Logic" (with Hyeri Jung), Open Journal of Business and Management, 9 (2021), pp.2530-2547.
“The Impact of Consumer Behavior Factors on Hallyu Consumption in Four Latin American Countries" (with Stephany Masís Hernández), International Business & Economics Studies, 3(3) (2021), pp.34-50.
“Employing FAHP to de-codify the determinants of trade agreements: a case of the EU-India trade talks” (with Sangeeta Khorana, Jaemin Cho, and Marta Disegna), Technological and Economic Development of Economy, 24(6) (2018), pp.2397-2415. [SSCI]
Venture Capital and Firm Performance: The Korean Experience in a Global Perspective. Routledge Studies in International Business and the World Economy.
London and New York. Routledge (Taylor & Francis) (2018)
www.amazon.com/Venture-Capital-Firm-Performance-perspective/dp/1138061956
“Impact of Product Diversification and International Diversification on Corporate Performance: A study of China Listed Enterprises (in Korean)” (with Ya Nan Song and Mei Dan Wu), International Area Studies Review, 21(1) (2017), pp.59-77. [KCI]
“Do employee relation responsibility and culture matter for firm value? International evidence” (with Hakkon Kim), Pacific-Basin Finance Journal, 40(Part A) (2016), pp.191–209. [SSCI]
"The effect of comparative advantage of host country’s industry on multinationals’ M&A vs greenfield FDI decisions" (with Yong Joon Jang), Journal of Korea Trade, 20(3) (2016), pp.229-258. [SSCI]
“The impact of exchange risk management using structured derivatives on stock prices of KOSPI and KOSDAQ companies (in Korean)” (with Yinhua Jin and Taejoong Kim), Journal of International Trade & Commerce, 12(2) (2016), pp.391-406. [KCI]
“Initial Public Offerings, Earnings Management and Venture Capital: Evidence of Bull and Bear Market Conditions in Korea” (with Jaemin Cho and Bong Gyu Jang), Journal of Small Business Innovation, 18(1) (2015), pp.15-41. [KCI]
“A study on the determinants of the use of derivatives in service industry (in Korean)” (with Taejoong Kim), International Business Review 19(2) (2015), pp.143-160. [KCI]
“Effects of Internationalization on Innovation in the Service Industry: Evidence from Korea” (with Ji-Hwan Lee and Baeho Choi” Journal of East Asian Economic Integration, 18(4) (2014), pp.339-366. [KCI]
“Learning by exporting: The effects of exporting on firm innovation in Korean manufacturing industries” (with Xiaochen Wu), International Business Review 18(4) (2014), pp.151-175. [KCI]
“The effect of corporate governance on the use of structure derivatives in Korean firms (in Korean)” (with Taejoong Kim and Sangkee Min), International Business Journal 24(3) (2013), pp.1-22. [KCI]
“The empirical research on the relationship among derivatives usage, leverage, and internal liquidity (in Korean)” (with Taejoong Kim), International Business Review 17(3) (2013), pp.163-181. [KCI]
“The venture capital certification role in R&D: Evidence from IPO underpricing in Korea” (with Jaemin Cho), Pacific-Basin Finance Journal 23 (2013), pp.83-108. [SSCI]
“Development of a new technology product evaluation model for assessing commercialization opportunities using Delphi method and fuzzy AHP approach” (with Jaemin Cho), Expert Systems with Applications 40(13) (2013), pp.5314–5330. [SCIE]
“The Impact of Venture Capital on the Long-term Performance of IPO Firms: Evidence from Korea”, In D. Cumming eds.: The Oxford Handbook of Venture Capital (2012), pp.751-788, Oxford University Press, Oxford.
“Corporate Governance, Firm Value, Cost of Capital and R&D: Evidence from KOSDAQ (in Korean)” (with Hakkon Kim), Journal of Entrepreneurship and Venture Studies 15(2) (2012), pp.1-22. [KCI]
“An Analysis of the Factors that Influence the Choice of R&D Collaboration; Evidence from Korean Manufacturing Companies (in Korean)” (with Hyung-phil Choi), Journal of Technology Innovation 18(1) (2010), pp.153-175. [KCI]
“The Hot and Cold Market Impacts on Underpricing of Certification, Reputation and Conflicts of Interest in Venture Capital Backed Korean IPOs”, Korean Venture Management Review, 12(4) (2009), pp.45-68. (Awarded the Best Article of the Year by Korean Association of Small Business Studies) [KCI]
“Factors that Influence the Entry Mode Choice of Foreign Apparel Brands in Korea (in Korean)” (with Yujin Seo), Journal of Korean Society of Clothing and Textile 33(11) (2009), pp.37-50. [KCI]
“Dynamic Capabilities, Entrepreneurial Rent-Seeking and the Investment Development Path: The Case of Samsung” (with Jim Slater), Journal of International Management 13(3) (2007), pp.241-257. (Leading article and ranked the 4th most downloaded article at JIM as of May 2013) [SSCI]
“What's in a name and when does it matter? The hot and cold market impacts on underpricing of certification, reputation and conflicts of interest in venture capital backed Korean IPOs” (with Alan Hughes), Centre for Business Research, University of Cambridge, Working Paper No. 336 (2006)
Working Papers
“China’s Emerging Multinationals, Entrepreneurship, Dynamic Capabilities and the Investment Development Path: a Synthesis”, (with Jim Slater)
“Evolution of Dynamic Capabilities in Crisis Management System: A Proposition from the Cases of Multinationals from NIEs” (with Jim Slater)
“Longitudinal Market Valuation of Unexpectedly Increased R&D Expenditure with the Real Option Logic” (with Hyeri Jung)
Other Publications
‘Venture Capital and Value Creation of Innovative Companies’ (in Korean), Innovation Report No.3 (2008), p43-47, Korea Industrial Technology Foundation.
‘Venture Capital and Innovation’ (in Korean), Innovation Report No.2 (2008), p35-40, Korea Industrial Technology Foundation.
‘Samsung Electronics’ Market Entry and Success Story in Semiconductor Industry’ (in Korean), Innovation Report No.1 (2008), p39-44, Korea Industrial Technology Foundation.
CONFERENCE PROCEEDINGS AND SEMINAR TALKS
“The Impact of Consumer Behavior Factors on Hallyu Consumption in Four Latin America Countries” (with Stephany Masís Hernández), Korean Academy of International Business Fall Conference Proceedings (2018), Kyung Hee University, Seoul, Korea.
“Rapid Localization as a Service Provider in Mobile Messenger Industry: The Case of LINE as an International Entrepreneur”, First GEDC Conference New Frontiers in International Entrepreneurship: Research and Practice (2016), Kingston Business School, London, UK.
“Dynamic capabilities in crisis management HR system: an exploratory proposition from the cases of multinationals in NIEs” (with Jim Slater), European International Business Academy (EIBA) Conference (2012), University of Sussex, Brighton, United Kingdom.
“The Impact of Internationalization on Innovation in Service Industries: An Empirical Analysis of Korean Firms” (with Jihwan Lee and Baeho Choi), 26th EGOS (European Group for Organizational Studies) Colloquium (2010), Lisbon, Portugal.
“An Analysis of the Impact of R&D Expenditure on IPO Underpricing in Korean High-Tech Firms: The Moderating Role of Venture Capital” (with Jaemin Cho), International Association of Management of Technology (IAMOT) Annual Conference (2010), Cairo, Egypt.
“An Analysis of the Impact of Globalization via Exporting on Firm Innovation in Korean Service Industries” (with Jihwan Lee), European International Business Academy International Conference (2009), Valencia, Spain.
“Evolution of Dynamic Capabilities in Crisis Management System: A Proposition from the Cases of Multinationals from NIEs” (with Jim Slater), All China Economics International Conference (2009), City University of Hong Kong, Hong Kong, China.
“An Analysis of the Impact of Globalization via Exporting on Firm Innovation in Korean Service Industries” (with Jihwan Lee), Korean Academy of International Business∙European International Business Academy International Conference (2009), Inje University, Pusan, Korea.
“The Impact of R&D Investment and Venture Capital Participation on IPO Underpricing” (with Jaemin Cho), The Korean Association of Small Business Studies Autumn Conference (2009), Seoul National University, Seoul, Korea.
“Strategic R&D Collaboration to Overcome Barriers Hindering Firms from Doing Innovative Activities: Evidence from Korea (in Korean)” (with Hyung Phil Choi), Korean Society for Innovation, Management & Economics Conference (2009), Seoul, Korea.
“The Impact of Exporting on Innovation in Service Industry: Evidence from Korea” (with Jihwan Lee and Baeho Choi), Academy of International Business (AIB) Annual Meeting (2009), San Diego, California, USA.
“What Determines Hot and Cold Market Impacts on Underpricing of IPOs: Information Asymmetries or Investor Prospects?”, International Council for Small Business (ICSB) World Conference (2009), KOEX, Seoul, Korea.
“How CEO Characteristics Impacts Corporate Performance In Korean Hi-Tech SMEs: The Role Of R&D Expenditures” (with Hyeri Chung), International Association of Management of Technology (IAMOT) Annual Conference (2008), Dubai, UAE
“Introduction to Management of Technology Programs in the United Kingdom (in Korean)”, Korean Institute of Industrial Engineers/Korean Operations Research and Management Science Society Annual Conference (2008), Pohang, Korea.
“Understanding Venture Capital (in Korean)”, Management of Technology Special Lecture, Technology Innovation & Management (TIM) Graduate Program (2007), Pohang University of Science and Technology (POSTECH), Korea.
“The Emergence of Multinationals in NIEs as World Challengers: Its Implications for International Business Theories”, Opening Week Seminar (2007), Technology Innovation & Management (TIM) Graduate Program, Pohang University of Science and Technology (POSTECH), Korea.
“Dynamic Capabilities and Entrepreneurship in China’s Development” (with Jim Slater), All China Economics International Conference (2006), City University, Hong Kong.
“Long-term Performance of Korean IPO Firms: Does Venture Capital Participation and Its Affiliation with Financial Institutions Make an Impact?” (with Alan Hughes), International Corporate Governance Conference (2006), Birmingham Business School.
“Dynamic Capability, Entrepreneurial-Rent Seeking, and the Investment Development Path: What Can the Success of Samsung Electronics Contribute to International Business Theories?” (with Jim Slater), Academy of International Business (AIB) Annual Meeting (2006), Guanghua School of Management, Beijing, China.
“The Impact of Venture Capital Participation on Underpricing in Hot and Cold Market: The Korean Experience” (with Alan Hughes), European Financial Management Association Annual Meeting (2005), Bocconi University, Milan, Italy.
TEACHING EXPERIENCE
Graduate Courses
Comparative Management Theory, Department of International Business and Trade, Kyung Hee University, Korea.
Seminar in International Business Strategy, Department of International Business and Trade, Kyung Hee University, Korea.
Seminar in Trade Management, Department of International Business and Trade, Kyung Hee University, Korea.
Global Business: Environments and Strategies, Technology Innovation & Management Graduate Program, POSTECH, Korea.
Entrepreneurial Finance and Venture Capital, Technology Innovation & Management Graduate Program, POSTECH, Korea.
Financial Management and Accounting for Technology-Based Organizations, Technology Innovation & Management Graduate Program, POSTECH, Korea.
Undergraduate Courses
Strategic Management of Global Business, Department of International Business and Trade, Kyung Hee University, Korea.
Cross-cultural Management, Department of International Business and Trade, Kyung Hee University, Korea.
International Business Development, Department of International Business and Trade, Kyung Hee University, Korea.
International Business Theory, Department of International Commerce, Finance and Investment, Kyung Hee University, Korea.
Principles of Management, Department of International Business and Trade (and Department of International Commerce, Finance and Investment), Kyung Hee University, Korea.
Introduction to Business and Management, Division of Humanities and Social Science, POSTECH, Korea.
Introduction to Industrial Management & Engineering, POSTECH, Korea.
Introduction to Business Economics, Birmingham Business School, University of Birmingham, UK.
Introduction to Economics, Birmingham Business School, University of Birmingham, UK.
Quantitative Methods, School of Management, Birkbeck College, University of London, UK.
PROFESSIONAL ACTIVITIES and UNIVERSITY SERVICES
Member and Executive Director, Board of Directors, Korean Academy of International Business, Korea. (2013 – present)
Member and Executive Director, Board of Directors, Korean Society of Strategic Management, Korea. (2014 – present)
Member, Board of Directors, Korean Academy of International Business Management, Korea. (2012 – present)
Member, Evaluation Committee, National Research Foundation of Korea, (2020, 2014)
Member, Financial Research Group, Korea Federation of SMEs, Korea. (2019)
Member, Evaluation Committee, Gyeonggi Urban Corporation, Korea. (2018)
Member, Policy Planning Committee, Future Policy Institute, Kyung Hee University, Korea. (2016 – 2017)
Member, Admission Administration Committee, Office of Admission, Kyung Hee University, Korea. (2014 – 2016)
Member, Evaluation Committee, Commercialization Promotion Agency for R&D Outcomes, Korea. (2015)
Member, Evaluation Committee, Science & Technology Policy Institute, Korea. (2014)
Member, Advisory Committee, Pohang Branch, Bank of Korea, Korea. (2008 – 2011)
Member, Advisory Committee, Education Centre for Brilliant Young Students, POSTECH, Korea. (2009 – 2010)
Member, Graduate School Committee, POSTECH, Korea. (2008 – 2010)
Member, Advisory Committee, Leadership Centre, POSTECH, (2008 – 2010)
Instructor, Corporate Education for Advanced Management Technology Innovation Program, POSTECH. Korea. (2007-2010)
Instructor, Pohang Techno-Park Executive Program, Korea. (2009)
Instructor, Hyundai-Kia Motor Company Executive Program, Korea. (2008)
Erasmus Tutor for foreign exchange students at Birmingham Business School, University of Birmingham, UK. (2006 – 2007)
Article manuscripts reviews for Journal of Management, Journal of International Management, Technological and Economic Development of Economy, International Business Review, Entrepreneurship Theory and Practice, Expert Systems with Application, Venture Capital: An International Journal of Entrepreneurial Finance, Applied Economics, Emerging Markets Trade and Finance, Managerial Finance, Journal of Korea Trade, Korea Management Review, International Business Journal, International Business Review (in Korea), Journal of Entrepreneurship and Venture Studies, International Area Studies Review, Korean Corporation Management Review, Korean Journal of Business Administration, Journal of the Korean Institute of Industrial Engineers.