Yong Li

Associate Professor
Operations Management and Strategy Department


PhD, University of Illinois at Urbana-Champaign


  • Entrepreneurship Lab (eLab) (MBA/Master’s, PhD, Undergraduate)
  • Technology Entrepreneurship (MBA/Master’s, undergraduate)
  • Seminar in Strategy (PhD)
  • Strategic Management (undergraduate)
  • New Venture Creation (undergraduate)

Li is the inaugural academic director of UB's undergraduate Entrepreneurship Academy.


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

Editorial Boards

  • Associate Editor, Strategic Entrepreneurship Journal
  • Editorial board member, Academy of Management Review
  • Editorial board member, Journal of Business Venturing
  • Editorial board member, Journal of International Business Studies
  • Coordinating Editor, Information Systems Frontier

Selected Publications

  • Courtney, C., S. Dutta & Y. Li. Resolving information asymmetry: Signaling and crowdfunding success. Entrepreneurship Theory & Practice. Special issue.
  • Li Y, I Vertinsky, J Li. "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.

Visit Dr. Li’s personal website for a full list of publications and download links..

Teaching case

  • Li, Y. & J. Li. 2015. Amazon Goes Global (case no. 9B14M122). Teaching Note (case no. 8B14M122). Ivey Publishing.

Awards and Recognition

  • Dean’s Faculty Fellow, 2017-present
  • 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’s research has appeared in such media outlets as Forbes, Entrepreneur, Crowdfund Insider and Newsday.

He has given keynote speeches, co-founded businesses and served on the advisory boards of startups.