Umit OzmelAssistant Professor;
Prof. Ozmel's work focuses on the tension between value generation and value capturing in technology alliances, Venture capital, Corporate VC investments and innovation outcomes. She also works on the formation/governance of tehcnology alliances, and determinants of technology M&As. She has publications in Journal of Financial Economics, Academy of Management Journal, Strategic Management Journal, and Organization Science. She has won the 2016 Salgo-Noren Outstanding MBA Teaching Award, which is given to one faculty by the votes of the MBA students. She teaches MBA Strategic Management core and Competitive Strategy as well as PhD courses. Below is a more detailed discusssion of her research.
Her first line of research focuses on the formation, governance and contracting in high-tech alliances and value capture/resource allocation in Venture Capital/corporate VC investments. As part of her work on the tension between value creation and value capture in alliances and VC investments, her recent work on alliance contracts in biotech/pharma alliances focuses on the role of partners' bargaining power on the allocation of technology commercialization rights, and intellectual property rights. Relatedly, in her paper on Strategic Management Journal, she emphasizes the competition among ventures in VC firm's portfolio and the role of venture's "relative ranking" in VC's portfolio to access VC's resources.
Her recent paper on Journal of Financial Economics focuses on alliances and Venture Capital funding as alternative sources of private equity funding for high-tech ventures and analyzes the implications on the venture's future strategy and performance. As part of her research agenda on the performance effects of a firm's inter-firm exchanges, she also works on the information advantages of institutional investors that are connected to Venture capital firms and related return effects when investing in entrepreneurial firms' IPOs.
"Strategic Alliance, Venture Capital and Exit Decisions in Early Stage High-tech Firms". 2013. (Umit Ozmel, David Robinson, Toby E. Stuart). Journal of Financial Economics, 107, 655–670.
"Network Interdependencies: Signals from Venture Capital and Alliance Networks in Determining Future Alliance Formation". 2013 (Umit Ozmel, Jeff Reuer, Ranjay Gulati). Academy of Management Journal, Vol. 56, No. 3, 852–866.
"Small Fish, Big Fish: The Performance Effects of the Relative Standing in Partners' Affiliate Portfolios" 2015. (Umit Ozmel, Isin Guler). Strategic Management Journal .
Bargaining Power, Network Effects and Value Appropriation in Alliances: Evidence from High Tech R&D Alliance Contracts (Umit Ozmel, Deniz Yavuz, Todd Zenger and Jeff Reuer). Conditional Acceptance, Organization Science
The Role of Imitation in Determining Technology Acquisitions (Umit Ozmel, Jeff Reuer, Cheng-Wei Wu). Conditional Acceptance, Strategic Management Journal
Research interests: Formation, contracting and governance of Strategic Alliances; Value Capturing versus Value Generation in Inter-firm Collaborations; Venture Capital/Corporate Venture Capital Investments; and M&As.
PhD in Management, Columbia Business School (2009); Masters in Economics, Yale University (2004). MBA, Koc University; BS in Electrical and Electronics Engineering, Bogazici University.
Previous Work Experience:
- Assistant Prof. of Strategy and Entrepreneurship, Kenan-Flagler Business School, UNC Chapel Hill (2008-2010)
- Private Consultant (2004)
- Corporate Portfolio Manager, Ottoman Bank (1996-1998)
Research & Area(s) of Expertise
Technology Alliances and Contracting/Governance; Value Generation vs Value Capture in Alliances and VC/Corporate VC investments and effects on innovation; Technology M&As.