Sung Hoon Lee
Field: Technology and Innovation Management
Research Interests: Economics of Innovation, Firm Entry, Industry Evolution, Technological Regime
(Expected) Graduation: June 2022
References
- Franco Malerba franco.malerba@unibocconi.it
- Roberto Fontana roberto.fontana@unibocconi.it
- Keun Lee kenneth@snu.ac.kr
Contact
Email: sung.lee@phd.unibocconi.it
Phone: (+39) 327 980 7257
Mobile: (+39) 327 980 7257
JOB MARKET PAPER
Where do
firms come from? Knowledge relatedness and firm entry
The role of knowledge, in particular its relatedness to that of the target industry, is often emphasized as one of the main drivers in firms’ entry decisions. However, empirical analyses seem to show that knowledge relatedness may not always have a positive impact on entry, because the relationship is potentially nonlinear and may vary by entrant type. This study aims to explore these issues by proposing a perspective that may shed light on the mechanisms that govern the relationship between knowledge relatedness and firm entry. It then empirically tests these mechanisms by using a dataset constructed from the Western Electronics Manufacturer Association (WEMA) directory, spanning a time period from 1960 to 1990. The results suggest that the relationship takes an inverted U shape, which however can change drastically depending on the type of entrant.
PUBLICATIONS
Lee, K., & Lee, S.H. 2022. A Schumpeterian approach to entry barrier and firm profitability: cycle time of technology. Economics of Innovation and New Technology. DOI: 10.1080/10438599.2022.2067150
WORKING PAPERS
Lee, S.H., Fontana, R., & Malerba, F., Who enters and when? Knowledge relatedness, entrant heterogeneity, and
industry characteristics (Dissertation Chapter 3, In Progress)
Lee, S.H., Fontana, R., & Malerba, F., Where do firms come from? Knowledge relatedness and firm entry (Dissertation Chapter 2, Job Market Paper, In Progress)
Lee, S.H., The technological
regime and barriers to entry (Dissertation Chapter 1, Under Review, Industrial and Corporate Change)