Sang Baum Kang

Sang Baum "Solomon" Kang serves as an Associate Professor of Finance at the Stuart School of Business, Illinois Institute of Technology. His academic appointment is complemented by his role as Assistant Director of Undergraduate Programs in Business. Kang maintains active engagement with professional networks through his LinkedIn profile and ResearchGate presence, where he has accumulated 33 publications with over 7,000 reads.

His educational background includes a Ph.D. in Finance from McGill University, an M.S. in Computational Finance from Carnegie Mellon University, an M.S. in Actuarial Science from the University of Wisconsin at Madison, and a B.S. in Applied Statistics from Yonsei University in Korea. Prior to his academic career, Kang worked for nine years in the energy sector, holding managerial positions including Director of Structuring and Pricing at PacifiCorp Energy, a subsidiary of Berkshire Hathaway Energy.

Kang's research spans energy finance, real options, commodities, and financial derivatives, with particular emphasis on electricity markets, crude oil, environmental markets, and weather markets. His work demonstrates consistent methodological sophistication through simulation techniques, real options analysis, and quantitative modeling approaches. His research has been published in reputable journals including Energy Economics, Journal of Energy Markets, Economics Letters, and Applied Economics Letters.

Analysis of Kang's 15 most recent publications reveals a clear evolution in his research focus while maintaining core methodological approaches. Early work concentrated on traditional energy finance and real options applications to electricity generation. More recently, his research has expanded into cryptocurrency markets, sustainable finance, and ESG applications, while maintaining his expertise in quantitative methods and risk analysis. This demonstrates both continuity in methodological strengths and adaptability to emerging financial markets.

• 2012 FMA Asian Conference Best Paper Award
• 2010 NFA Best Ph.D. Student Paper Award

Kang has taught at McGill University, Korea Advanced Institute of Science and Technology (KAIST), and Illinois Institute of Technology. He holds Financial Risk Manager certification from the Global Association of Risk Professionals. His professional experience bridges academic theory and practical industry application, particularly through his pre-academic career in energy sector financial modeling. Kang mentors students through his teaching roles and maintains active industry connections through his media expertise in business and economics topics.

His research activities are organized around energy market analysis, with particular focus on electricity storage valuation, complex derivatives in energy markets, and energy risk management. Kang collaborates extensively with researchers including Jian Jia, Yao Xie, Jialin Zhao, Pascal Letourneau, and others across institutions, demonstrating an active research network in quantitative finance and energy markets.