Sangjoon Lee

Professor of Economics
College of Business
College of Business


  • PhD: Economics State University of New York at Buffalo
  • MBA: International Business George Washington University
  • BA: Economics Yonsei University


Learn more about Sangjoon...

Courses Taught

  • Global Dimension of Management
  • Strategic Management Simulation
  • Introduction to Economics and Markets
  • Principles of Macroeconomics
  • Managerial Economics
  • Industrial Organization
  • Policy Formulation and Administration
  • Seminar in Economics/Finance

Research, Publications, & Presentations

Research & Publications

  • "Impact of University Scientists on Innovations in Nanotechnology," with J. Kim and G. Marscheke, forthcoming in KDI Series in Economic Policy and Development, Sanghoon Ahn and Bronwyn H. Hall (eds), A Joint Publication of the KDI and Edward Elgar Publishing Ltd, 2014, p. 141-158.
  • "Educational Policy of Ethics in Business Schools in Korea," with Seong-Hoon Lee, International Journal of Policy, July 2014
  • "Industrial Development, Financial Development and Regional Economic Growth in China," with Seong-Hoon Lee, Yonghoon Jung and Junyeop Lee, July 2014, Journal of Economic Research and Education
  • "International Diversification with Small-Cap Stocks: Mean-Variance Spanning Tests," with Seong-Hoon Lee and Jong-Mun Yoon, Academy of Accounting and Financial Studies Journal, Volume 15, Special Issue, Number 2, 2011
  • "Research Scientist Productivity and Firm Size: Evidence from Panel Data on Inventors," with J. Kim and G. Marschke, Pacific Economic Review, Vol. 14, Issue 4, pp. 516-531, October 2009
  • "Measure of R&D Success and Market Value of Firms in the U.S. Pharmaceutical and Semiconductor Industries," with Seong-Hoon Lee, Journal of International Business Research, Vol. 8, Special Issue 2, 2009.
  • with J. Kim and G. Marscheke, "Relation of Firm Size to R&D Productivity," International Journal of Business and Economics, 2009, vol.8, no.1.
  • with Kim, J., & Marscheke, G. "International Knowledge Flows: Evidence from an Inventor-Firm Matched Data Set," in Science and Engineering Careers in the United States : An Analysis of Markets and Employment, Richard B. Freeman and Daniel F. Goroff (eds), Chicago, IL: University of Chicago Press for NBER, 2009, p. 321-348.
  • "A Business Model for the Country Club of Mendon," AABRI Journal of Case Research in Business and Economics, March 2009, Vol.1
  • with Kim, J., & Marscheke, G. (2005). "The Influence of University Research on Industry Innovation," NBER Working Paper Series (No. 11447)


  • NBER-Sloan Dissertation Fellowship, National Bureau of Economic Research and Alfred P. Sloan Foundation (2003-2005)
  • Faculty Research Grant, Alfred University
  • Howard R. Neville Professor of Economics


I like to ride bicycle in spring and fall. I do mountain hiking in summer and winter. Also snowshoeing. I brew rice wine called Makgeolli and enjoy listening to the fermenting sound. I am an avid golfer as well. 

Professional Experience

I serve on the board of a sports business enterprise in Rochester, NY area. Before I started my Ph. D studies, I was a manager in various departments of SK Networks, a worldwide trading & investment business enterprise representing South Korea. I was involved in international financing, project financing, and overseas operations. I also worked in the Office of the Chairman for Management and Planning of the SK Group. SK Group has more than 70,000 employees who work from 100s of offices worldwide primarily involved in the chemical, petroleum and energy industries. Before that I worked for Samsung Corporation in Korea until I started my MBA at the George Washington University. I moved back and forth between the US and Korea, and traveled countries in Asia, Africa, Middle East and Europe for business while I was at SK.

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