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Umit Ozmel

Umit Ozmel

Associate Professor of Management
Strategic Management


Prof. Ozmel is associate professor of Strategic Management (with tenure). Her work focuses on the tension between value generation and value capturing in technology alliances, Venture capital investments, and outcomes on innovation and performance. She also works on the formation/governance of technology alliances, and determinants of technology M&As. Recently, she has been appointed as University Faculty Scholar for five years starting Fall 2019 (Fall2019-spring 2024), which entails a $50K award. Prof. Ozmel is also the recipient of 2016/2017 Research Fellowship at Krannert School of Management. She has publications in Journal of Financial Economics, Journal of Financial and Quantitative Analyses, Academy of Management Journal, Strategic Management Journal, and Organization Science. Prof. Ozmel has received the 2016 Salgo-Noren Outstanding MBA Teaching Award, which is given to one Krannert faculty by the votes of MBA students. She teaches MBA Strategic Management core and Competitive Strategy as well as PhD courses and she is consistently listed in the Dean's List of the Distinguished faculty in MBA/masters teaching. Below is a more detailed discussion 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 entrepreneurial firms, such as the ventures in biotechnology industry, 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. 

Research interests: Formation, contracting and governance of Strategic Alliances in high tech contexts; 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 
  • Private Consultant 
  • Corporate Portfolio Manager, Ottoman Bank
  • Briefcase

    Outside Insiders

    Does access to information prior to an initial public offering (IPO) generate a trading advantage after the IPO? That's the question posed by researchers from Purdue University’s Krannert School of Management, who find that the information obtained by non-insider institutions through their connections prior to the IPO may remain valuable after the IPO.

    Full story: Outside Insiders