Park, Hong Y2018-12-28T15:29:27+00:00

Park, Hong Y, Ph.D.

Admittance Class of 1958

Board Member of KHIF

1958 – Admission Year of Kyung Hee University, Majored Economics

1966 – Seoul National University, M.A. in Economics

1970 – Fairleigh Dickinson University, M.B.A

1975 – Utah State University, Ph.D. in Economics

1989 – Faculty Recognition Awards Presented By SVSU Faculty Association

1989 – Earl L. Warrick Award for Excellence in Research

2002 – Ruth and Ted Braun Awards for Writing Excellence at Saginaw Valley State University

Press release: here

Address:

Saginaw Valley State University

332 Curtiss Hall

University Center, Michigan 48710

Phone (989) 964-4084 FAX (989) 964-4699

E-mail: hyp@svsu.edu

Contact:

4703 Still Meadow Dr.

Saginaw, Michigan 48603

Phone (989) 791-1307

Present Position:

Professor of Economics since 1984

Saginaw Valley State University,

University Center, Michigan, 48710

Education:

Department of Economics, Utah State University, Logan, Utah (1970-1975), Ph.D. in Economics, 1975.

Department of Business Administration, Fairleigh Dickinson University, Rutherford, New Jersey (1968-1970), M.B.A., majored in Quantitative Analysis, 1970.

Department of Economics, Seoul National University, Seoul, Korea (1963-1966), M.A. in Economics, 1966.

Department of Economics, Kyung Hee University, Seoul, Korea (1958-1962), B.A. in Economics, 1962.

Specialization:

Ph.D., Economic Theory, Econometrics and Operations Research, Regional and Resource Economics, Economic Development.

M.B.A., Quantitative Analysis (Operations Research), Managerial Economics

M.A., Quantitative Economics, Economic Theory.

B.A., Economics

Experience:

Tenured Associate Professor of Economics, Saginaw Valley State University (1979-84)

Assistant Professor of Economics, Saginaw Valley State University (1975-1978)

Payroll accountant, Fairleigh Dickinson University, Rutherford, New Jersey (1968-70)

International Scholar at Kyung Hee University, Seoul, Korea

(2009-10).

Fulbright Scholar at Kyung Hee University, Seoul, Korea (2002-03)

Tenured Professor of Economics, Saginaw Valley State University (1984-current)

Visiting Professor at Kyung Hee University, Seoul, Korea (1981- 1982)

Research assistant, Utah State University, Logan, Utah (1971- 1975)

Teaching Assistant, Kyung Hee University, Seoul, Korea (1966-68)

Editor of SVSU Economic and Business Review (1983-1992)

Director of the Center for Economic and Business Research, Saginaw Valley State University

(1979-1992)

Department Chair, Department of Economics, Saginaw Valley State University (1990-1992, 1996-98, 2004-2006 and 2008-10)

Since space is limited, I will elaborate on teaching innovation, research accomplishments and research agenda, administrative duties and committee work, academic leadership, honors and grants in narrative statements.

1. Teaching:

I found that good teaching requires the faculty’s command of the subject, commitment to excellence in teaching, enthusiasm, ability to involve students in the learning process (active learning) and understanding of students’ learning styles. Lately, I have adopted a new writing assessment instrument which I have obtained from my participation in AACSB’s continuous teaching improvement conference.

  • Research Accomplishments and Research Agenda: In my early career my research passion was regional and urban economics. Since 1985 I have been focusing my research on the nature of the firm. I believe that I have done several pioneering researches on regional economics and the nature of the firm: 1) rural-urban migration, 2) regional economic indicators, 3) work incentives and impact of individual and group incentives on job turnover, 4) impact of supplier certification on cost, quality and on-time delivery, 5) supply chain management (make-or-buy strategy), 6)the unified theory of the firm and corporate strategies, 7) the firm’s dynamic capabilities of managing economic crisis and making reforms, 8)knowledge creation, innovation and entrepreneurship.

My rural-urban migration model was unique, I employed Korean rural-urban migration data to test the model and published the paper, “Rural-urban migration: The case of Korea,” in the Annuals of Regional Science (1980) which is a top tier journal in the field of regional economics. I received paper requests from major university libraries in the U.S. and abroad.

I developed Tri-city economic indicators in 1979 and published in SVSU Economic and Business Review for 13 years. The Review was a quarterly publication and published over 50 issues. The publication was well-received by the business communities, public and news media. I participated in Annual Meetings of Saginaw Chamber of Commerce as a guest speaker along with business leaders. This was a major annual event for the Saginaw Chamber of Commerce and more than 200 members attended this annual New Year breakfast meeting. The publication and economic indicators helped the College of Business and Management gain good reputation in the business community as well as the public and universities in Michigan. The Review had about 3000 circulations in Tri-county businesses and university and public libraries in Michigan. These libraries exhibited the Review on their periodical shelves. Business firms used economic indicators for their planning and investment decisions in Tri-counties. I obtained over $250,000 grants from Business communities and the State of Michigan because of this publication. Several research assistants were worked with me while the Center for Economic and Business Research was publishing the Review. Four of them are college professors and one of them is currently working as an associate provost at CMU.

My research on work incentives and job turnover was published in Human Relations and this paper has been widely cited by leading scholars in the field. I have published two other papers on work incentives. Work incentives address principal-agent problems in the firm and are known as the most effective business practice for productivity increases.

I have published four papers on supply chain management. The global supply chain has become a vital part of a firm’s value chain, especially with the increase of outsourcing in recent years. On the AACSB accreditation team’s visit to our campus, team members mentioned that these publications are timely and relevant. Professor Mark Day, Henley Business School, University of Reading, U.K.requested my papers on sourcing strategies and the survey instrument used in my studies, and stated that the survey-based transaction cost approach to supply chain management studies is a unique and pioneering approach. My paper published in Managerial and Decision Economics was reprinted in Global Supply Chain Management, edited by top scholars in global supply chain management; contributors are leading scholars in the field. I feel that this is the highest academic accomplishment for me (See the attached selected publications).

I have written five papers on the unified theory of the firm, corporate strategies and dynamic capabilities of the firm, based on data collected from my Fulbright scholar experience in Korea in the 2002-03 academic year. I have published four papers based on the data during my Fulbright scholarship to Korea. The unified theory of the firm is an integrative approach to studies on the nature of the firm and has been mentioned as a new ground breaking study by a discussant at my conference presentation.

3. Administrative Duties and Committee Work:

  • Chair of Economics Department, 1990-92, 1996-98, 2004-06 and 208-10.
  • Initiated establishment of the Center for Economic and Business Research and published the SVSU Economic and Business Review for 13 years.
  • Served as a member of many committees including the Faculty Development Committee during AACSB accreditation preparation.
  • Academic Leadership:
  • Active participant in more than 40 conferences as a paper presenter, discussant and session chair.
  • Pre-publication reviewer for three well-known textbooks, such as Nobel laureate Paul Samuelson’s Principles of Economics and The Federal Reserve Chair, Ben Bernanke’s Principles of Macroeconomics.
  • Currently, a regular referee for the International Business Review (Kings College, University of London). I have reviewed 12 articles for the journal so far.
  • I was an associate editor for the Change Management: An International Journal in 2012.
  • Elected to serve as the secretary-general, vice president, president and advisory board member of Korea-America Economic Association (KAEA).
  • Chair of the 2007 KAEA Executive Nomination Committee.
  • I was elected to serve as a member of the KAEA advisory board for three years. I was elected as the president of the Korea-America Economic Association in 2003 and served as the president in 2004. I was elected as chair of the KAEA advisory board in 2008. While I was serving as president of KAEA, I initiated the first joint conference with the Bank of Korea (Korean Central Bank) and organized five other joint conferences with (1) The Korean Economic Association, (2) Korea Development Institute, (3) Korea Financial Institute, (4) Korean Monetary and Financial Association, and (5) American Economic Association.
  • I was reelected to serve as the chair of the KAEA advisory board for 2009.

5 Honors and Awards:

  • I received the Earl Warrick Award for excellence in research in 1989.
  • I received the Faculty Association Scholarship award in 1989.
  • I was honored as the Michigan Governing Board’s distinguished faculty on April 18, 1990.
  • I received a Meritorious Professorship Award in 1992($2500 pay raise).
  • I was honored as the outstanding professor of economics by the business student honor society [Delta Sigma Pi] in 1994.
  • I was honored as an outstanding alumnus by the department of economics, Utah State University in 1995.
  • I received a Fulbright Scholarship Award to Korea for the 2002-2003 academic year.
  • I received a Professorial Continuing Improvement Awardin 2003($2500 pay raise).
  • I was recognized as the Kyung Hee person of the year byKyung Hee Alumni Association for my scholarly work andleadership in Korea-America Economic Association onJanuary 14, 2011. This is the top honor given to a memberof the Alumni Association at its annual meeting and it isreported in 5 major newspapers in Korea.
  • I received the Ted & Ruth Braun Research Fellowship award in 2012 for 2013-15.

6. Grants

  • SVSU faculty research and growth grant on factors influencing labor redistribution, 1977($500).
  • SVSU faculty research and growth grant on publication of Business Review and studies on the Tri-county economies in1978($800).
  • SVSU faculty research and growth grant on regional and industrial impact of fiscal and monetary policies ($2000).
  • Grants from Second National Bank: I obtained an initial grant in the amount of $1000 for the Center for Economic and Business Research in 1979. This grant became an annual grant of $2000 and the total amount of grants amounted to become over $15,000 in 1992. I published SVSU Economic & Business Review for 13 years based on these grants.
  • Saginaw Credit Bureau’s grant on bankruptcy study in 1981: The grant was to study profiles of bankrupts based bankruptcy court files ($10,000). A research monograph waspublished in 1985. The Bankrupt: An Analysis and Profile of the Bankrupts in Northeastern Michigan (SVSU Press, 1985), 1-59.This publication is digitalized by the University of Michigan library and held by all law libraries in Michigan.
  • I co-authored an economic development research grant andsubmitted to the Michigan State Government. The research project funded ($39,000). The Center for Economic and Business Research received the same amount in 1987, 1988, 1989, 1990 and 1991. Grants were $234,000 in total and theCenter for Economic and Business Research established local economic data bank and published the SVSU Economic & Business Review.
  • SVSU faculty research and growth grant on employee incentive plans and productivity in 1987($950). I publishedtwo research papers based this research.
  • The Metropolitan Saginaw Economic Round Table Grant: I obtained this grant to study the impact of manufacturing industries on the tri-county economy in 1987($11,700). Research results were published as a research monograph, Recent Structural Changes of the Industries in Saginaw, Bay, Midland, and Genesee Counties, 1987, pp. 1-106. The Economic Impact of Saginaw’s Manufacturing Industries: Economic Base and Input-Output Models: Center for Economic and Business Research, 1989, pp. 1-210. I published two papers based this research.
  • I obtained a research grant for a study on the Tri-county Construction Industry in 1993($17,000). Results of this grant were published as monograph, A Study on Tri-county Construction Firms and Work Force: Union vs. Non-union Firms, Center for Economic and Business Research, 1993, pp.1-88. Two papers are written based on this research andthey are currently under publication reviews.
  • I received 8 hours of release time and $14,000 to study on governance structures of supply chains in 1996-97. I published four papers based on this research grant.
  • I received 4 hours of release time to study the grand unified theory of the firm, corporate strategy and firm performances in 2002. One paper is published and two papers are under publication reviews.
  • I received a Fulbright senior lecture/research grant from the Fulbright foundation in 2002-3 academic year.
  • I obtained a research grant the Korean Economic Research Institute to conduct an empirical study of the Grand Unified Theory of the Firm in 2002-3($8,000).I published a research monograph based on this research,Theories of the Firm and Corporate Strategies: Measures to Build Corporate Competiveness, Korean Economic Research Institute, 2004, pp. 1-192.
  • Four hours of release time for 2004-5 and 2009-10 academic years. I am working on two papers.
  • Family Business Research grant: $15,000 with colleagues at college of business & management in 2011-13.
  • Three hours of release time and $3,700 for the 2012-13 academic year on new knowledge and competence creation.
  • Ted & Ruth Braun research fellowship award: 8 hours of release time annually and funds for research and travel for 2013-15. The total amount of grant is $37,500 for three years.

Selected Publications and Presentations

Regional and Urban Economics and Trade

Hong Y. Park and Hebert H. Fullerton, “Rural-urban migration: The case of Korea, The Annals of Regional Science, Vol 14(1), 1980, 72-80.

Hong Y. Park, “Tri-county economic indicators,” SVSU Economic and Business Review, Vol. 1-13, 1980-1992.

Hong Y. Park, “An analysis of economic base multiplier,” The Korean Economic Journal, 23(3), 1984, 23-34.

Hong Y. Park, “The impact of monetary and fiscal policy on the Michigan economy,” SVSU Economic and Business Review, 7(3), 1986, 7-12.

Hong Y. Park, “Regional and industrial impact of monetary and fiscal policies,” in theory and practice of economic development (ed by Byung Jik Ahn et. al. in honor of Professor Hyung Yoon Pynn’s 60th birthday), 1987, 161-181.

Shyamalendu Sarkar and Hong Y. Park, “Impact of North American free trade agreement on the U.S. trade with Mexico,” The International Trade Journal, 15 (3), 2001, 269-292.

Iksu Jurn and Hong Y. Park, “The trade effects on the non-member countries of the regional integration: The case of Mereosur,” Multinational Business Review, 10(3), 2002, 23-32.

Theories of the Firm and Firm Strategies

Work Incentives (the principal-agency theory of the firm and the property rights theory of the firm)

Hong Y. Park, “Incentive problems and labor productivity,” Economic Studies, 36(1), 1988, 253-270.

Hong Y. Park, Joseph Ofori-Dankwa and Deborah Bishop, “Organizational and environmental determinants of functional and dysfunctional turnover: Practical and research implications,” Human Relations, 47(3), 1994, 353-366. This article has been widely cited by leading scholars in the field.

Hong Y. Park, “A comparative work incentives in U.S. and Japanese firms,” Multinational Business Review, 4(2), 1996, 59-70.

Supply Chain Management (the transaction cost theory of the firm)

Hong Y. Park, C. Surender Reddy and Chris Eckerle, A Study on Supplier Certification Program, the Center for Economic and Business Research, Monograph 5, 1994, 1-50.

Hong Y. Park, C. Surender Reddy, Chris Eckerly and Geon-Cheol Shin, “Impact of the supplier certification program in U.S. firms,” Journal of Purchasing and Supply Management, 2/3, 1996, 107-118.

Hony Y. Park, C. Surender Reddy and Sam Sarkar, “Make or buy strategy of firms in the U.S.,” Multinational Business Review, 8(2), 2000, 89-97.

Hong Y. Park, “Foreign direct investment and global sourcing choices of firms in the U.S.” Managerial and Decision Economics, 21(6), 2000, 211-221. This article was reprinted in Global Supply Chain Management (ed), Msaaki Kotabe (Washburn Chair Professor of International Business and Marketing and Director of Research, Institute of Global Management Studies, Temple University) and Michael J. Mol (London Business School),2006, 114-124.

Hong Y. Park, C. Surender Reddy and Iksu Jurn, “Sourcing strategies of manufacturing firms: transaction cost implications,” American Journal of Business, 16(2), 2001, 11-19. This was a lead article of the issue and has been drawing attentions from practitioners and scholars.

Theories of the Firm, Corporate Strategies and Dynamic Capabilities of the Firm (the resource based, knowledge-based and evolutionary theory of the firm)

Hong Y. Park and Raymond L. Christie, A Study on Tri-county Construction Firms and Work Force: Union vs Non-union Firms, The Center for Economic and Business Research, Saginaw Valley State University, Monograph 4, 1993, 1-102.

Geon-Cheol Shin (Kyung Hee University), David Kang (Harvard Business School) and Hong Y. Park, Reform Measures of Korean and U.S. Corporations,Seoul, Korea: Korean Chamber of Commerce, 2001, 1-139.(a research monograph).

Hong Y. Park and Iksu Jurn, “Organizational commitment and turnover intention in union and nonunion construction firms,” presented at the 2003 Atlantic Economic Association conference, Paris.

Hong Y. Park and Geon-Cheol Shin (Kyung Hee University) The Grand Unified Theory of the Firm and Corporate Strategy: Measures to Build Corporate Competitiveness [Seoul, Korea: The Korea Economic Research Institute (KERI)], a research monograph (book), 2004, 1-193.

Hong Y. Park and Geon-Cheol Shin (Kyung Hee University), “The grand Unified theory of the firm and corporate strategy: measures to build corporate competitiveness,” published in 2004 Korea Development Institute (KDI) and Korea-America Economic Association (KAEA) conference proceedings, pp. 244-257.

Hong Y. Park and Geon-Cheol Shin (Kyung Hee University), “The unified theory of the firm, corporate strategies and firm performance,” presented at the 2005 American Economic Association meeting in Philadelphia and a shorter version was published in Cardinals, 2008, pp. 62-78.

Hong Y. Park and Geon-Cheol Shin, “Corporate entrepreneurship and innovations in business practices,” published in 2006 KDI-KAEA conference proceedings, Enhancing Productivity and Sustaining Growth, pp.1-41.

Hong Y. Park, Marwan Wafa and Geon-Cheol Shin (Kyung Hee University), “Theories of the firm, entrepreneurship and design in business practices”, presented 2008 Design Conference, Miami, Florida, January 10-12, 2008.

Hong Y. Park, Geon-Cheol Shin (Kyung Hee University) and Sung Han Suh(Kyung Hee University), “Advantages and shortcomings of Korean chaebols.” International Business & Economic Research Journal, 7 (1), 2008, 57-66.

Hong Y. Park and Geon-Cheol Shin, “Economic crisis, learning and innovation in Korean firms”, invited to present at the 2008 KDI-KAEA Conference, July 8,2008, Seoul, Korea, and published in conference proceedings, Enhancing Productivity and Sustaining Growth(Seoul,Korea:KDI), 1-42.

Hong Y. Park, “The mortgage securitization, housing bubble and subprime mortgage crisis: Self-organization perspective,” presented at the 67th Atlantic Economic Association Conference, Rome, Italy, and March 11-14, 2009, and was invited to present at the Korea Financial Institute and Korea-America Economic Association joint conference on the Outbreak of the Financial Crisis and Post-Crisis Policy Responses, May 26, 2009.

Hong Y. Park, Geon-Cheol Shin and Iksu Jurn, “Corporate Strategies and performances of Korean firms: The unified theory of the firm perspective,” Global Economic Review, Vol.

38, No. 2, 2009, pp. 185-203.

Hong Y. Park and Hyejung Chang “Knowledge creation, protection and institutions,” presented at the International Conference on Institutions and National Competitiveness, August 17-21, 2009, Seoul, Korea and published in conference proceedings, Institutions and National Competitiveness, pp. 62-88.

Hong Y. Park, Hyejung Chang(Kyung Hee University)and Sang Kyu Lee (The University of Suwon, SVSU MBA graduate), “Ideation as a Practice for knowledge creation and protection,” presented at the Tenth International Conference on Knowledge, Culture, and Change in Organizations, July 26-28, 2010, Montreal, Canada, and published by The International Journal of Knowledge, Culture, & Change Management, Vol. 10, No. 7, 2011, pp. 13-31.

Hong Y. Park, Iksu Jurn and Wayne Mackie, “Capital structure and coporate governance of Korean chaebols and large U.S. firms,” Journal of International Finance Studies, 2012, Vol. 12, No. 1, pp. 37-53.

Hong Y. Park, “Reforms in Korean chaebol,” Vanguardia Dossier (Spanish Quarterly publications on global issues written by worldly renown experts invited by the editorial board of the magazine), No. 43, April/June, 2012, pp. 32-40.

Hong Y. Park, Hyejung Chang (Kyung Hee University) and Kaustav Misra, “The impact of mortgage securitization on the housing bubble and subprime mortgage crisis: A self-organization perspective,” the International Research Journal of Applied Finance, vol. 3, number 6, 2012, pp. 834-855.

Hong Y. Park, Marwan Wafa and Geon-Cheol Shin, “Theories of the firm, entrepreneurship and innovation in business practices of Korean firms,” the International Journal of Knowledge, Culture and Change Management, 2012, vol. 11, Number 5, pp. 261-286.

Hong Y. Park, “Economic globalization and income inequality in the U.S.,” presented at the 2012 Western Economic Association International meeting, San Francisco, June 30-July 3, 2012 and published by the International Research Journal of Applied Finance, 2013, vol. IV (1), pp.15-34.

Hong Y. Park, “Economic democratization requires balance between chaebol and public’s interests,” Chinese Social Sciences Today, October 29, 2012. This is an internet interview article by Chinese Social Sciences Today’s reporter, Jiang Hong. The reporter posed six questions on Korean chaebol and economic democratization and I answered them. The article is published in both Chinese and English. The English version is listed as top three most popular articles published by the Chinese Social Sciences Today which is the top academic newspaper in China and distributed to academic communities and policy makers. This article was distributed widely and I was invited as a guest speaker by the Korea Foundation in New York based on this article. The reporter, Jiang Hong read my 2008 article on “Advantages and shortcomings of Korean chaebols” which was published in International Business & Economics Research Journal, Vol. 7 No. 1.

Hong Y. Park, Geon-Cheol Shin, Sunho Jung, Young-Seung Park (Kyung He University) “Changes in economic environment, learning and dynamic capabilities of Korean firms,” the International Journal of Knowledge, Culture & Change Management, 2013, vol.12(2), pp.19-39.

Hong Y. Park, Hyejung Chang and Yong-Seung Park (both at Kyung Hee University),“A macro-micro integrative approach to knowledge creation and new product development,” presented at the 14th National Business and Economic Society’s International Conference, Herradura, Costa Rica, March 6-9, 2013. The paper is currently under a publication review by Knowledge Management Research & Practice.

Hong Y. Park, Kaustav Misra, Surender Reddy and Kylie Goggins, “Family firms’ dynamic capabilities and performances,” presented at the 9th Annual Family Enterprise Research Conference, Vina del Mar, Chile, May 16-19, 2013.

Kylie Goggins, Kaustave Misra, Surender Reddy and Hong Y. Park, “An integrative approach to knowledge and competency creation in family firms,” presented at 9th Annual Family Enterprise Research Conference, Vina del Mar, Chile, May 16-19, 2013.

Kaustave Misra, Surender Redy, Kylie Goggins and Hong Y. Park, “Conflict and socioemotional wealth (SEW) in family firms,” Vina del Mar, Chile, May 16-19, 2013.

Hong Y. Park, Raymond L. Christie and Gail E. Sype, Organizational commitment and turnover intention in union and non-union firms, Sage Open, 2014, Vol. 4, No. 1, pp. 1-11.

Hong Y. Park, Gayle E. Sype and Raymond L. Christie, “Organizational commitment and turnover intention in union and nonunion firms,” presented at the 15th National Business and Economic Society’s International Conference,
Hawaii, March 12-15, 2014.

Hong Y. Park, Il-Hyung Cho, Sook Jung and Dorrie Main, “Information technology and user knowledge-driven innovation in Services,” Accepted for presentation by the 2014 International conference on Knowledge, Culture and Change in Organizations, August 3-4, 2014, Said Business School, University of Oxford, Oxford, United Kingdom (under a publication review by the Change Management).

Hong Y. Park, Hyejung Chang and Yong-Seung Park, “Firm’s knowledge creation structure and new product development,” is accepted to present at the 2014 IFKAD Conference on Knowledge and Management Models for Sustainable Growth, June 11 – 13, 2014, Matera, Italy. The paper is included in the conference proceedings.

Hong Y. Park, “Knowledge, entrepreneurship and innovation in new products and services: Foundations of the creative economy,” presented at the Highlights in Research and Creativity Series. This paper was presented at the 2014 Korea Development Institute (KDI) and Korea-America Economic Association (KAEA) joint conference on Job Creation and Business Investment as Pathways to a Creative Economy, August 8, 2014 and the paper is included in the conference proceedings and currently under a publication review by KDI Journal of Economic Policy.

Hong Y. Park, “Corporate sustainability and technology,” presented at the 2014 Global Business Sustainability Conference, Saginaw Valley State University, September 23-26, 2014.

Research Interests

  • Theories of the firm, strategies and firm performance
  • Dynamic capabilities of the firm, business practices and mechanism design
  • Knowledge and competence creation, and corporate competiveness

The unified theory of the firm perspective has become the forefront of the theory of the firm research.

Hong Y. Park, Ph.D.

Professor Park earned his undergraduate degree from Kyung Hee University, Korea; M.A. from Seoul National University; MBA from Fairlegh Dickinson University; and Ph.D. from Utah State University. Professor Park has focused his research on the theory of the firm and economics of organization. His research interests include sourcing strategies, work incentives, and application of the theory of the firm to business practices and strategies. Lately, he has written several papers on knowledge, entrepreneurship and innovation. He has taught courses in microeconomics, macroeconomics, economics of organization, managerial economics and money and banking. He is a dedicated teacher and committed to the success of his students. Professor Park emphasizes integration of theories and practices in his teaching.

Professor Park’s publications include articles on work incentives, sourcing strategies and organizational forms, knowledge, entrepreneurship and innovation. His research has been published in Human Relations, Managerial and Decision Economics, Economic Studies, Annals of Regional Science, American Journal of Business, Multinational Business Review, Journal of Purchasing and Supply Management, Global Economic Review, International Research Journal of Applied Finance, Change Management and Sage Open. He has recently published two research monographs on the theory of the firm and corporate strategies. Professor Park was the initiating director of the Center for Economic and Business Research in 1979 and he was the editor of the SVSU Economic and Business Review. In thirteen years he published fifty-two issues of the Review. The research center received over $300,000 in grants from various sources. The research center focused research on the Tri-county economy and businesses. He served as the chair of the Department of Economics for 1990-92, 1996-98, 2004-06 and 2008-10. He has reviewed many papers for academic journals and is a regular reviewer for the International Business Review.

He was a senior Fulbright Scholar/Lecturer to Kyung Hee University, Seoul, Korea during the 2002-03 academic year. He was an International Scholar at Kyung Hee University, Seoul Korea in 2009-2010. Professor Park served as the president of Korea-America Economic Association in 2004 and the chair of advisory board for the same association during 2009-10. Professor Park was the recipient of the Kyung Person of the Year Award from Kyung Hee University Alumni Association in 2011. He received the three-year Braun Research Fellowship in 2013 from Saginaw Valley State University.

Professor Park’s interview article with a reporter from Chinese Social Sciences Today was listed as the top three most popular interview articles. Chinese Social Science Today is the top social science academic newspaper in China and the article was published both in English and Chinese on October 29, 2012 and distributed to academic communities and policy makers in China.

He was invited to write an article for the Vanguardia Dossier (number 43) which is a Spanish quarterly publication published by Vanguardia in Barcelona, Spain. The publication focuses on global issues written by world renowned experts who are invited by the editorial board of the magazine. Issue number 43 was on Korea and the brief contents of the publication are listed on the website of the Ministry of Foreign Affairs, Republic of Korea.