University at Buffalo - The State University of New York
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Yong Li

Associate Professor
Operations Management and Strategy Department


PhD, University of Illinois at Urbana-Champaign


  • MGO 403 - Strategic Management (undergraduate)
  • UE 149 - New Venture Creation (undergraduate)
  • MGO 365 - Technology Entrepreneurship (undergraduate)
  • MGO 665 - Technology Entrepreneurship (MBA)
  • MGO 796 - Seminar in Strategy (PhD)
  • MGO 493/695 - Entrepreneurship Lab (eLab)

Yong Li serves as academic director of UB's undergraduate Entrepreneurship Academy.


  • Venture capital and financing entrepreneurship 
  • Entrepreneurship and innovation
  • Corporate investment strategies under uncertainty
  • Investing in emerging markets

Selected Publications

  • Li Y, Vertinsky I, Li J. "National distances, international experience, and venture capital investment performance." Journal of Business Venturing.
  • Li, Y. & T. Chi. "Venture capitalists' decision to withdraw: The role of portfolio configuration from a real options lens." Strategic Management Journal.
  • Li, Y. & S. Zahra. "Formal Institutions, Culture, and Venture Capital Activity: A Cross-Country Analysis." Journal of Business Venturing.
  • Tong, T. & Y. Li "Real Options and Investment Mode Decision: Evidence from Corporate Venture Capital and Acquisition." Organization Science.
  • Li, J. & Y. Li. "Flexibility versus Commitment: MNEs' Ownership Strategy in China." Journal of International Business Studies.
  • Iriyama, A., Y. Li, & R. Madhavan. Spiky Globalization of Venture Capital Investments: The Influence of Prior Human Networks. Strategic Entrepreneurship Journal.
  • Li, Y. & J. Mahoney. "When Are Venture Capital Projects Initiated?" Journal of Business Venturing.

Click here for a full list of publications and download links.

Editorial Boards

  • Strategic Entrepreneurship Journal
  • International Journal of Strategic Change Management

Awards and Recognition

  • Dean's Fellowship in Research, 2010
  • Finalist, Carolyn Dexter Award, Academy of Management, 2010
  • Selected for the Academy of Management Best Paper Proceedings, 2009, 2010
  • Nominated for SMS Best Paper, 2007, 2009 
  • List of Teachers Rated as Excellent by Their Students, Illinois, Fall 2004


Dr. Li has co-founded businesses and served on the advisory boards of startups.