Keongtae Kim


 

Bio

Keongtae Kim is a PhD Candidate in the Decision, Operations and Information Technologies Department at the Robert H. Smith School of Business at the University of Maryland. His research interests include: 1) strategic impacts of IT-enabled platforms, especially crowdfunding/crowdsourcing, on entrepreneurial and innovation activities; 2) strategic management and the impact of IT resources such as IT investment and IT human capital. His research has appeared in International Conference on Information Systems (ICIS), Conference on Information Systems and Technology (CIST), Academy of Management (AOM) Annual Meeting, among others. His works won the Best Student Paper Award at CIST 2013 and a Student Paper Competition Winner at the 2013 TPRC Research Conference on Communication, Information, and Internet Policy. He received his B.S. in Mechanical Engineering from Seoul National University, South Korea, and his Master in Management Engineering from KAIST, South Korea.


Research Interests

IT-enabled Open Innovation (Crowdfunding/Crowdsourcing); Transformational Role of IT in Entrepreneurship; Business Value of IT



Dissertation (Proposal Defended: May 2013)
  • Dissertation Title:    The Transformational Role of IT in Entrepreneurship: Crowdfunding and the Democratization of Access to Capital and Investment Opportunity

  • Committee:               Il-Horn Hann (chair), Siva Viswanathan (co-chair), Anandasivam Gopal, Rajshree Agarwal (Strategy), Ginger Zhe Jin (Economics)

  • Dissertation Summary:               
              My dissertation examines the strategic impacts of IT-enabled platforms on entrepreneurial and innovation activities. Specifically, I explore the behaviors of both investors and entrepreneurs in online crowdfunding markets that have the potential to democratize access to capital and investment opportunities. In my first essay, I analyze whether crowdfunding democratizes access to capital for entrepreneurs. I find that difficult access to credit from traditional sources induces entrepreneurs to rely more on crowdfunding as a viable alternative, while this effect varies across project types and across areas. In my second essay, I examine the role of experts in a crowdfunding market. While conventional wisdom considers a crowdfunding market as a mechanism to democratize decision making and reduce reliance on experts, I find that experts still play a pivotal role in these markets. In particular, I find that the early investments by experts serve as credible signals of quality for the crowd, and have a significant impact on the crowd’s investment decisions. In each essay, I analyze micro-level data from online crowdfunding markets with a variety of econometric methods. The results have important theoretical and practical implications for questions ranging from the design of online crowdfunding markets to competition between online and offline channels for funding and regional dynamics of crowdfunding.


Referred Proceedings
  • Kim, Keongtae, Anandasivam Gopal and Gerard Hoberg, “Product Market Competition and Corporate Venture Capital Investments: Evidence from the IT Industry”, Academy of Management Best Paper Proceedings, 2012, Boston, Massachusetts.

  • Kim, Keongtae and Sunil Mithas, “How Does Bond Market View IT Investments of Firms: An Empirical Analysis of Bond Ratings and Yield Spreads”, Proceedings of the 32th International Conference on Information Systems (ICIS), 2011, Shanghai, China.

Papers under Review

Working Papers
Conference Presentations
  • Kim, Keongtae and Il-Horn Hann, “Does Crowdfunding Democratize Access to Capital? A Geographical Analysis”, INFORMS Conference on Information Systems and Technology (CIST), 2013, Arlington, Virginia.

  • Kim, Keongtae and Siva Viswanathan, “The Signals in the Noise: The Role of Reputable Investors in a Crowdfunding Market”, TPRC Research Conference on Communication, Information, and Internet Policy, 2013, Arlington, Virginia.

  • Kim, Keongtae and Siva Viswanathan, “Product Expert vs. Market Expert: Role of Reputable Investors in a Crowdfunding Market”, ZEW SEEK Workshop on Social Network Formation and Peer Effects, 2013, Mannheim, Germany.

  • Kim, Keongtae, Anand Gopal and Gerard Hoberg, “Does Product Market Competition Drive Open Innovation? Evidence from CVC Investments in the IT Industry”, Darden & Judge Entrepreneurship and Innovation Research Conference, 2013, Charlottesville, Virginia.

  • Kim, Keongtae, Anand Gopal and Gerard Hoberg, “Product Market Competition and Corporate Venture Capital Investments: Evidence from the US IT Industry”, Conference on Information Systems and Technology (CIST), 2012, Phoenix, Arizona.

  • Kim, Keongtae, Anand Gopal and Gerard Hoberg, “Product Market Competition and Corporate Venture Capital Investments: Evidence from the US IT Industry”, Academy of Management Meetings, 2012, Boston, Massachusetts.

  • Kim, Keongtae, Anand Gopal and Gerard Hoberg, “Product Market Competition and Corporate Venture Capital Investments: Evidence from the US IT Industry”, Statistical Challenges in eCommerce Research, 2012, Montreal, QC.

  • Kim, Keongtae, and Sunil Mithas, “How Does Bond Market View IT Investments of Firms? An Empirical Analysis of Bond Ratings and Yield Spread”, International Conference on Information Systems (ICIS), 2011, Shanghai, China.

  • Kim, Keongtae, and Sunil Mithas, “How Does Bond Market View IT Investments of Firms? An Empirical Analysis of Bond Ratings and Yield Spread”, Conference on Information Systems and Technology (CIST), 2011, Charlotte, North Carolina.

  • Sunil Mithas, Hank Lucas and Kim, Keongtae, “How Does Bond Market View IT Investments of Firms? An Empirical Analysis of Bond Ratings and Yield Spread”, Conference on Information Systems and Technology (CIST), 2010, Austin, Texas.


Teaching

  • BMGT 301: Introduction to Information Systems (undergraduate), University of Maryland, Spring 2012 and Spring 2013

Professional Experience
  • Samsung Research Institute of Finance, May 2007 - May 2009

  • Korean Reinsurance Company, Dec 2005 - Apr 2007

This page was updated on October 30, 2013

  

Ph.D Candidate in Information Systems
Robert H. Smith School of Business
University of Maryland


Email:
kkim2@rhsmith.umd.edu
SSRN author page 


3330 Van Munching Hall
University of Maryland
College Park, MD 20742

Vitae (pdf)