Sungjoung Kwon

Sungjoung Kwon


Assistant Professor of Finance



Mike Ilitch School of Business
2771 Woodward Avenue
Room 377
Detroit, MI 48201

Academic Programs

  • Entrepreneurship
  • Finance

Sungjoung Kwon


Assistant Professor of Finance, 2021 – Present
Instructor of Finance, Aug. 2020 – Dec. 2020


Ph.D., Finance, Drexel University, 2020

M.S., Statistics, Michigan State University, 2014

M.B.A., Finance, Sogang University, 2010

B.S., Mathematics, Sogang University, 2006


 Entrepreneurial Finance, Venture Capital

AACSB specialty

Finance - incl Banking

Research and teaching interests


Corporate Finance, Entrepreneurial Finance, Fintech


Corporate Finance, Entrepreneurial Finance, Financial Intermediation, Venture Capital, Mutual Funds


“Mutual fund investments in private firms” (with Michelle Lowry and Yiming Qian), Journal of Financial Economics, 136 (2), 407 – 443 (2020)


* by coauthor

Firms’ Transition to Green: Innovation versus Lobbying

2023 NFA Annual meeting
2023 FMCG Annual meeting

Corporate investments in startups: CVC vs. direct investment

2022 SFA Annual meeting*
2022 FMA Annual meeting
2022 SWFA Annual meeting*

Self-dealing in Venture Capital

2022 FMA Annual meeting
2021 EFMA Annual meeting
2021 SWFA Annual meeting

Inorganic growth in innovative firms: evidence from patent acquisitions

2020 AFA Ph.D. Student Poster Session
2019 SFA Annual meeting
2019 FMA Doctoral student consortium & Annual meeting

Mutual fund investments in private firms

2017 Norwegian School of Economics Conference*
2017 CICF Annual meeting*
2017 SFS Cavalcade North America*
2017 NYU Conference on “The Changing Role of Stock Markets in Capital Formation”*

Courses taught by Sungjoung Kwon

Fall Term 2024 (future)

Winter Term 2024

Fall Term 2023

Winter Term 2023

Fall Term 2022

Winter Term 2022