Published Papers
AICG researchers conduct researches on various topics in Finance such as General Corporate Finance, Asset Pricing, Investments, Financial Derivatives as well as Corporate Governance. The followings are the sample researches conducted by AICG researchers.
2024
- Changki Kim, On modeling acquirer delisting post-merger using machine learning techniques, JOURNAL OF MANAGEMENT ANALYTICS, 2024.04
- Joon Ho Hwang, 기준금리 발표 주변의 주가 반응과 ESG 및 지배구조의 효과, 상업교육연구, 2024.11
- Hyun Seung Na, The value of corporate social responsibility: evidence from the humidifier disinfectant scandal in Korea, APPLIED ECONOMICS LETTERS, 2024.03
- Bumjean Sohn, The ICAPM and Empirical Pricing Factors: A Simulation Study, FINANCE RESEARCH LETTERS, 2024.02
- Bumjean Sohn, Is The Idiosyncratic Volatility Puzzle Driven By A Missing Factor?, 아태비즈니스연구, 2024.03
- Hae Kang Lee, The financial benefits of health engagement programs to life insurers, FINANCIAL INNOVATION, 2024.11
- Thummim Cho, Putting the Price in Asset Pricing, JOURNAL OF FINANCE, 2024.12
- Thummim Cho, Scale or Yield? A Present-Value Identity, REVIEW OF FINANCIAL STUDIES, 2024.03
- Hyoun Hwang Byoung, The Use and Usefulness of Big Data in Finance: Evidence from Financial Analysts, INFORMS, 2024.12
2023
- Jun-Koo Kang, Remote Board Meetings and Board Monitoring Effectiveness: Evidence from China, The Review of Financial Studies, 2023.04
- Kee-Hong Bae, Proprietary information and the choice between public and private debt, Accounting & Finance, 2023.11
- Kee-Hong Bae, In the CEO We Trust: Negative Effects of Trust Between the Board and the CEO, Journal of Financial and Quantitative Analysis, 2023.06
- Kyung Suh Park, 국내기업의 합병 후 장기성과에 관한 연구, 한국증권학회지, 2023.12
- Kyung Suh Park, The Effects of Capital Structure on Investment, Dividend, and Firm Value: Focusing on the Interactions with Management Overconfidence, 재무연구, 2023.02
- Changki Kim, Climate Change and ESG: Focused on Green Bond Design, JOURNAL OF SAFETY AND CRISIS MANAGEMENT, 2023.03
- Changki Kim, 회계제도 변화에 따른 보험산업의 미래, 글로벌금융리뷰, 2023.03
- Changki Kim, Credit rating and managerial behavior in investment decision making: Evidence from the Korean market, JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE, 2023.03
- Jiwoong Jung, Do Prime Brokers Matter in the Search for Informed Hedge Fund Managers?, MANAGEMENT SCIENCE, 2023.08
- Woochan Kim, 의무공개매수제도 도입이 지배의 사적이익에 미치는 영향 분석, 재무연구, 2023.08
- Woochan Kim, Perils of limiting the coverage of mandatory pay disclosure: The Korean experience, JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2023.10
- Woochan Kim, How useful are commercial corporate governance ratings? Evidence from emerging markets, JOURNAL OF CORPORATE FINANCE, 2023.06
- Hyun Seung Na, 인수합병 대가 지불수단 선택의 결정요인과 공시효과, 재무관리연구, 2023.06
2022
- Kyung Suh Park, Woo chan Kim, A Survey of Research on the Corporate Governance of Korean Firms, 재무연구, 2022.02
- Joon Ho Hwang, Bitcoin price manipulation: evidence from intraday orders and trades, APPLIED ECONOMICS LETTERS, 2022.01
- Dong Wook Lee, Can Swap Basis Predict Foreign Exchange Rate? Evidence from Korea, 재무연구, 2022.05
- Changki Kim, Consumer Behaviors in Korean Variable Insurance Market - Around the Global Financial Crisis and the COVID-19 Crisis -, CRISISONOMY, 2022.03
- Jiwoong Jung, Do Prime Brokers Matter in the Search for Informed Hedge Fund Managers?, MANAGEMENT SCIENCE, 2022.10
- Hee Beom Lee, Do credit supply shocks affect fertility choices?, JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE, 2022.06
- Joon Ho Hwang, Down to the cents: The case of international drug prices, FINANCE RESEARCH LETTERS, 2022.05
- Taejin Kim, Top Management Team Incentive Dispersion and Earnings Quality, CONTEMPORARY ACCOUNTING RESEARCH, 2022.06
- Woochan Kim, Tunneling through trademarks, JOURNAL OF CORPORATE FINANCE, 2022.10
- Changki Kim, 금융강국 건설 방안, 글로벌금융리뷰, 2022.03
2021
- Dong Wook Lee, Why Does Equity Capital Flow out of High Tobin's q Industries?, REVIEW OF FINANCIAL STUDIES, 2021.04
- Dong Wook Lee, The Role of Second-Tier Exchange in Corporate Valuation: Evidence from Korea, ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, 2021.12
- Woochan Kim, 사회적 책임 경영과 기업가치: 중대재해처벌법 통과의 공시효과를 중심으로, 재무관리연구, 2021.09
- Joon Ho Hwang, Down to the cents: The case of international drug prices, FINANCE RESEARCH LETTERS, 2021.07
- Changki Kim, 블록체인 어플리케이션을 통한 보험 거래 - 국내 보험 산업의 현황과 시사점 -, CRISISONOMY, 2021.11
- Joon Ho Hwang, Underwriters’ price support regulation and institutional investors’ trading: The case of the putback option, RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2021.10
- Changki Kim, 로보어드바이저와 위험관리, 글로벌금융리뷰, 2021.03
- Changki Kim, Telehealth and Insurance Industry, 리스크관리연구, 2021.09
- Changki Kim, 보험사업과 ESG 경영, 글로벌금융리뷰, 2021.09
- Changki Kim, Application of An Optimal Pairs Trading Strategy under Geometric Brownian Motions and Cointegration Test to the S&P100, JOURNAL OF BUSINESS AND SOCIAL SCIENCE REVIEW, 2021.03
- Woochan Kim, Anchoring Effect of Pre-Meeting Vote Disclosures: Evidence from the National Pension Service, 재무연구, 2021.11
- Taejin Kim, Trust and trading volume, ECONOMICS LETTERS, 2021.10
- Woochan Kim, Investment efficiency of firms outside the business group, JOURNAL OF CORPORATE FINANCE, 2021.12
- Woochan Kim, The Effect of Board Structure on Firm Disclosure and Behavior: A Case Study of Korea and a Comparison of Research Designs, JOURNAL OF EMPIRICAL LEGAL STUDIES, 2021.06
- Bumjean Sohn, Aggregate Volatility Risk and Empirical Factors: An International Study, EMERGING MARKETS FINANCE AND TRADE, 2021.04
- Hyun Seung Na, 외국인 투자자의 대규모 지분인수가 기업의 주가에 미치는 영향: 정보비대칭과 주주권한을 중심으로, 재무연구, 2021.02
2020
- Chan Shik Jung, Kyung Suh Park, The Effects of Corporate Governance on Stock Pricing Efficiency in the Korean Stock Market, Korean Journal of Financial Studies, 2020.02
- Sun Min Kim, Kyung Suh Park, Chan Shik Jung, The Effects of Stewardship Code on the Exercise of Voting Rights by Institutional Investors at Shareholders’ Meetings, Korean Journal of Financial Studies 2020.08
- Dongcheol Kim, Inro Lee, The financial distress pricing puzzle in banking firms, Accounting and Finance, 2020.06
- Bill Hu , Joon Ho Hwang , Chinmay Jain , and Jim Washam , Bitcoin price manipulation: evidence from intraday orders and trades, Applied Economics Letters , 2020.12
- Soon Sung Kim, Jaiho, Chung ,Joon Ho Hwang, Ju Hyun Pyun, The effectiveness of foreign debt in hedging exchange rate exposure: Multinational enterprises vs. exporting firms, Pacific-Basin Finance Journal, 2020.12
- Ephraim Kwashie Thompson, Changki Kim, Post-MA Performance and Failure: Implications of Time until Deal Completion, Sustainability, 2020.04
- Kim Jerim , Eyunghee Kim , Changki Kim, Pricing step-up options using laplace transform, Journal of Applied Mathematics and Informatics, 2020.09
- Ephraim Kwashie Thompson, Changki Kim, The Effect of Information Asymmetry on the Method of Payment and Post-M&A Involuntary Delisting, Asia-Pacific Journal of Business , 2020.09
- Ephraim Kwashie Thompson, Changki Kim, Information Asymmetry, Time until Deal Completion and Post-M&A Performance, Journal of Derivatives and Quantitative Studies, 2020.09
- Hyunoo Shim, Changki Kim, Yang Ho Choi, Volatility clustering in data breach counts, Communications for Statistical Applications and Methods, 2020.07
- Ephraim Kwashie Thompson, Changki Kim, Post-Merger and Acquisition Performance and Risk Factors: An International Study, The Journal of Risk Management, 2020.09
- Seonhyeon Kim, Changki kim , A Study on the Effect of Credit Ratings on M&A Activity, Asian Review of Financial Research, 2020.08
- Changki Kim, KIM SOYEUN , SHIN DONGHOON, Risks and Insurance in Mergers & Acquisitions, Crisisonomy, 2020, 09
- Changki kim , 포스트 코로나 시대 공유경제의 위험관리, 글로벌금융리뷰, 2020.10
- Ji‐Woong Chung, Boochun Jung, Duri Park, Has the value of cash increased over time?,
Accounting and Finance, 2020.09
- Jun-Koo Kang, James L. Park, Private Placements of Equity and Firm Value: Value Enhancing or Value Decreasing?, Journal of Financial and Quantitative Analysis, 2020.06
- Bernard Black, Antonio Gledson De Carvalh,o Vikramaditya Khanna, Woochan Kim, Burcin Yurtoglu, Which Aspects of Corporate Governance Do and Do Not Matter in Emerging Markets, Journal of Law, Finance, and Accounting, 2020.04
- Sojung Kim, Sunwoo Hwang, Woochan Kim, Does Diversification of Share Classes Increase Firm Value?, Asian Review of Financial Research2020.11
- Hyungseok Kim, Woochan Kim, Does tunneling explain the sensitivity of executive compensation to other member firms’ performance?, Journal of Business Finance & Accounting, 2020.10
- Engle Robert F, Giglio Stefano, Kelly Bryan, Lee Heebum, Stroebel Johannes, Hedging Climate Change News, Review of Financial Studies, 2020.03
2019
- Dongcheol Kim, Inro Lee and Haejung Na, Financial Distress, Short Sale Constraints, and Mispricing, Pacific-Basin Finance Journal 53, February 2019
- Taejin Kim and Vishal Mangla, Capital Regulation with Two Banking Sectors: Cyclicality and Implementation, Journal of Money, Credit and Banking 51, 485-537, 2019
- Kim, Dongcheol and Inro Lee, "The Financial Distress Puzzle in Bank Returns,", Forthcoming in Accounting & Finance
- Park, Kyung Suh, Heesup Byun, Eunjung Lee, and Woojin Kim, “When and Why Do Takeovers Lead to Fraud?”, Financial Management, Spring 2019
- Park, Kyung Suh, Hee Sub Byun and Jihye Lee, “Product Market Competition and Corporate Takeover: Complement vs. Substitution,”, International Review of Economics and Finance, Vol. 60, 2019
- Lee, Dong Wook with Lingxia Sun, Dollar-weighted return on aggregate corporate sector: How is it distributed across countries?, Pacific-Basin Finance Journal, October 2019
- Lee, Dong Wook, Does the SME exchange properly function as a “growth market”? A Look through its correlation with private-firm growth, Korean Journal of Financial Studies, August 2019
- Woochan Kim, Bernard S Black, Antonio Gledson De Carvalho, Vikramaditya S Khanna and B Burcin Yurtoglu, Which aspects of corporate governance do and do not matter in emerging markets, Northwestern Law & Econ Research Paper, 15th Nov 2019
- Woochan Kim and Juyoung Cheong, Family Pay Premium in Large Business Group Firms, Emerging Markets Finance and Trade, 9th Aug 2019
- Woochan Kim and Sojung Kim, Tunneling Through Group Trademarks, European Corporate Governance Institute-Finance, 27th July 2019
- Woochan Kim, Sojung Kim and Sunwoo Hwang, Does diversification of share classes increase firm, European Corporate Governance Institute (ECGI)-Finance Working Paper, 8th Feb 2019
2018
- Joon Ho Hwang and Byungmo Kim, Directors' and Officers' Liability Insurance and Firm Value, Journal of Risk and Insurance, Vol 85 2018
- Jin-Chuan Duana, Baeho Kim, Woojin Kim and Donghwa Shin, Default probabilities of privately held firms, Journal of Banking and Finance 94, 2018
- Dongcheol Kim and Haejung Na, Investor Sentiment, Anomalies, and Macroeconomic Conditions, Asia-Pacific Journal of Financial Studies 47, 2018
- Kyung Suh Park, 투자자는 이번 여름에 지배주주가할 일을 알고 있다: 계열사간 합병과 주주간 이해상충문제, 한국증권학회지 47권 5호 2018
- Ji Hye Lee, Hee Sub Byun and Kyung Suh Park , Product market competition and corporate social responsibility activities: Perspectives from an emerging economy, Pacific Basin Finance Journal, 2018
- Ji-Woong Chung, Boochun Junguri Park, Has the value of cash increased over time?, Accounting&Finance, 2018
- Jun-Koo Kang, Juan Luo, and Hyun Seung Na, Are Institutional Investors with Multiple Blockholdings Effective Monitors?, 2018, Journal of Financial Economics 128, 576-602.
- Lee Woojoo, Choi Yang Ho, Kim Changki, Ahn Jae Youn, A case study for intercontinental comparison of herd behavior in global stock markets, Communications for Statistical Applications and Methods, 2018, Vol. 25, No. 2, 185–197
- Jun-Koo Kang, Juan Luo, and Hyun Seung Na, Are Institutional Investors with Multiple Blockholdings Effective Monitors?, Journal of Financial Economics, 2018.06
- Rhee KyungJae, Park Kyung Suh, Changes in dividend smoothing after the financial crisis, Economics Letters 2018.11
- yo Rim An, So Yeun Kim, Chang Ki Kim, Connectivity in Global Stock Markets during Financial Crisis , Crisisonomy, 2018.01
- Yunxiao Liu, James L. Park , Bumjean Sohn, Foreign Investment in Emerging Markets: International Diversification or Familiarity Bias?, Emerging Markets Finance and Trade 2018.08
- EunKyung Bae,So-Yeun Kim,Changki Kim, Extreme Value Theory based Earthquake Risk Modeling and Management, 리스크관리연구, 2018.06
- Jaiwoong Chung, Joonghyuk Kim, Underwriter-Investor Relationships and IPO Holding Periods in Korea, Asian Review of Financial Research, 2018.07
- Byeung-Joo Lee, Dongcheol Kim, Kyung Jin Choi, Effects of Limits-to-Arbitrage on Post Earnings Announcement Drift, Korean Journal of Financial Studies, 2018.08
- Kim, Daeseok ;Kim, Changki Kim, So-Yeun, Effect of General Investors' Allotment Ratio on Underpricing in KOSDAQ IPO Market: 20% rule, The Journal of the Korea Contents Association, 2018.03
2017
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재무적 제약이 주가수익률에 미치는 영향
Byeung-Joo Lee and Dongcheol Kim, The Effect of Financial Constraints on Stock Returns in Korea, 2017, 재무연구, vol.30 no.4(2017) pp.395-432
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Anat Hovav, JinYoung Han and Joonghyuk Kim, Market Reaction to Security Breach Announcements: Evidence from South Korea, 2017, The DATA BASE for Advances in Information Systems
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Doosin Ryu and Joon Ho Hwang, Corporate governance, product-market competition, and stock returns: Evidence from the Korean market, Asian Business & Management, April 2017, Volume 16
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Eun Young Lee, Shijin Yoo and Dong Wook Lee, Does the Variance of Customer Satisfaction Matter for Firm Performance?, ASIA MARKETING JOURNAL Vol. 18 No. 04 January 2017
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Hyo Rim An, So Yeun Kim and Chang Ki Kim, Connectivity in Global Stock Markets during Financial Crisis, Crisisonomy, 2017
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Yunxiao Liu, James L. Park & Bumjean Sohn, Foreign Investment in Emerging Markets: International Diversification or Home Bias?, Emerging Markets Finance and Trade, 2017
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Doonwon Ryu, Doojin Ryu and Joon Ho Hwang, Corporate governance, product-market competition, and stock returns: Evidence from the Korean market, Journal Article, Asian Business and Management Vol. 16, 2017
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Joon Ho Hwang, Corporate Social Responsibility: Investment or Expense?, 경영학 연구, 2017
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Daemin Ahn, Woojin Kim, Eun Jung Lee and Kyung Suh Park , Congruence within the Top Management: How “Old Boy Network” Affects Executive Appointment and Performance, Seoul Journal of Business, 2017
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Kyung Suh Park, 기업지배구조 연구의 고찰과 향후 국내 관련 연구의 방향, 경영학연구 제46권 제3호, 2017
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Cheong, Juyoung and Woochan Kim, “Family Pay Premium in Large Business Group Firms” Emerging Markets Finance and Trade, forthcoming
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Black, Bernard, Antonio Gledson De Carvalho, Vikramaditya Khanna, Woochan Kim, and Burcin Yurtoglu (2017), "Corporate Governance Indices and Construct Validity," Corporate Governance: An International Review, Vol.25, pp.397-410.
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Woochan Kim, Taeyoon Sung, and Shang-Jin Wei (2017), “The Diffusion of Corporate Governance to Emerging Markets: Evaluating Two Dimensions of Investor Heterogeneity” Journal of International Money and Finance, Vol.70, pp.406-432
2016
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Bumjean Sohn and Heungju Park, Early warning indicators of banking crisis and bank related stock returns, Finance Research Letters, Vol 18, 2016
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Dowan Kim and Baeho Kim, ELW 시장에서 요구되는 위험프리미엄이란?, 한국증권학회지, 2016
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Sunwoo Hwang and Woochan Kim, When Heirs Become Major Shareholders: Evidence on Tunneling and Succession Through Related-Party Transactions, Journal of Corporate Finance, 2016
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Junghyeok Kim, 기업의 사회적 책임활동(CSR)이 기업의 조세회피와 기업가치 간에 관계에 미치는 영향에 관한 연구, 금융연구, 2016
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Dongwook Lee, Role of trading volume in the "volatility puzzle", Asia-pacific journal of financial studies, 2016
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Changki Kim, The Zero Lower Bound and Economic Determinants of the Volatility Surface in the Interest Cap Markets, Journal of Futures Markets, 2016
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Ji-Woong Chung, Capital Structure and Employee Pay: Evidence from Korea, Asian Review of Financial Research, 2016
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Bumjean Shon, Early Warning Indicatiors of Banking Crisis, Finance Research Letters, 2016
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James L. Park, Do Distressed Firms Issue Common Equity Primarily through Private Markets?, 재무관리연구, 2016
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Yunxiao Liu , Joonghyuk Kim , Woochan Kim, Business Group and Its Effect on Financial Distress Risk, 한국재무관리학회, 2016
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Myeong Hyeon Kim and Baeho Kim, Transmission of Systemic Risk Through Latent Leverage Channel, Asian Review of Financial Research Vol. 29 No. 4 (November 2016)
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Joon Ho Hwang and Byungmo Kim, 임원배상책임보험과 기업의 위험 추구, 한국증권학회지, 2016
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Joon Ho Hwang, Jaiho Chung, Jae Wook Kim, Dongwon Lee and Weon SangYoo, Antecedents to loyalty point redemption: Implications for customer equity management, Journal of Business Research vol.69, 2016
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Doonwon Ryu, Doojin Ryu and Joon Ho Hwang, Corporate social responsibility, market competition, and shareholder wealth, Investment Analysts Journal vol.45, 2016
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Yunxiao, Liu, Joonghyuck Kim, and Woochan Kim (2016), “Business Group and Its Effect on Financial Distress Risk”, Korean Journal of Financial Management, Vol.33. No.3.
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Sunwoo Hwang and Woochan Kim (2016), “When Heirs Become Major Shareholders: Evidence on Pyramiding Financed by Related-Party Sales”, Journal of Corporate Finance, Vol.41, pp.23-42.
2015
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Bernard Black, Woochan Kim, Hasung Jang, and Kyung-Suh Park, How Corporate Governance Affects Firm Value: Evidence on Self-Dealing Channel from a Natural Experiment in Korea, Journal of Banking and Finance, Vol.51, 2015
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Changki Kim, Dong-Hoon Shin, Myeong-Hyeon Kim and Seung-Young Jeong, Pricing the Options in Housing Contracts and Risk Management, 국토연구, 2015
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Changki Kim, Eyunghee Kim and SeungYoung Jeong, 주택가격 결정 요인들이 주택연금의 수익성에 미치는 영향 연구, 부동산학보, 2015
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Dong Wook Lee, The Role of Trading Volume in the Volatility Puzzle, Asia-Pacific Journal of Financial Studies, Vol 44, 2015
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Doowon Ryu, Doojin Ryu and Joon Ho Hwang, 제품시장경쟁이 주식수익률에 미치는 영향: 한-미 FTA를 통한 증거, 재무연구, 2015
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Haehyun Jeon , So Yeun Kim and Changki Kim, 산업 부도의 동조화 현상 연구, 응용통계연구, 2015
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Hee Sub Byun, Ji Hye Lee and Kyung Suh Park, Impact of Controlling Shareholders on Corporate Social Responsibility under External Financial Constraints, Seoul Journal of Business, Vol.21, 2015
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Hosung Jung and Dongcheol Kim, Bank funding structure and lending under liquidity shocks: Evidence from Korea, Pacific-Basin Finance Journal, Vol.33, 2015
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Hyun Il Lim and Joonghyuk Kim, 기업의 사회적 책임 활동, 조세회피와 기업가치, 금융연구, 2015
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Inro Lee and Dongcheol Kim, 회계정보와 시장정보를 이용한 부도예측모형의 평가 연구, 재무연구, 2015
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Jaiwoong Chung and Joonghyuk Kim, 주간사와 기관투자자간의 거래관계가 IPO 배정(Allocation)에 미치는 영향, 금융연구, 2015
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James Park, Equity Returns of Distressed Firms, Finance research letters, Vol. 14, 2015
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Joonghyuk Kim and James L. Park, How do financial constraint and distress measures compare?, Investment Management and Financial Innovations, Vol. 12, 2015
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Joon Ho Hwang, and Min-Su Kim, Misunderstanding of the binomial distribution, market inefficiency, and learning behavior: Evidence from an exotic sports betting market, European Journal of Operational Research, Vol. 243, 2015
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Kyung Suh Park and Chan Shik Jung, 지배주주 지분율이 저축은행의 고위험 추구 행태에 미치는 영향에 관한 연구, 한국증권학회지, 2015
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Min-Su Kim , Woojin Kim and Dong Wook Lee, Stock return commonality within business groups: Fundamentals or sentiment?, Pacific-Basin Finance Journal, Vol. 35, 2015
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Sang Koo Kang, Hyung Cheol Kang, Joonghyuk Kim and Noolee Kim, Insiders' Pre-IPO Ownership, Underpricing, and Share-Selling Behavior: Evidence from Korean IPOs, Emerging Markets Finance and Trade , Vol 51, 2015
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Woochan Kim, Korea’s Capital Market Promotion Policies: IPOs and Other Supplementary Policy Experiences, 한국개발연구, 2015
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Yunxiao Liu, Joonghyuk Kim and James L. Park, Bond Market Dynamics in East Asian Countries, 재무관리연구, 2015
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Dongheon Shin and Baeho Kim, Liquidity and credit risk before and after the global financial crisis: Evidence from the Korean Corporate bond Market, Pacific-Basin Finance Journal 33, 2015
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Bernrd Black, Woochan Kim, Hasung Jang, and Kyung Suh Park (2015), "How Corporate Governance Affects Firm Value? Evidence on Self-Dealing Channel from a Natural Experiment in Korea, Journal of Banking and Finance, Vol.51, pp.131-150
2014
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Bernard Black, Antonio Gledson de Carvalho, Vikramaditya Khanna, Woochan Kim and Burcin Yurtoglu, Methods for multicountry studies of corporate governance: Evidence from the BRIKT countries, Journal of Econometrics, Vol. 183, 2014
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Bill Hu, Joon Ho Hwang and Christine Jiang, The Impact of Earnings Guidance Cessation on Information Asymmetry, Journal of Business Finance & Accounting, Vol. 41, 2014
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Changki Kim, Seung-young Jeong, Soon-duk Kwon and Wonkyung Kim, 산지연금의 도입 필요성에 관한 연구, 한국산림휴양학회지, 2014
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Changki Kim, Eyunghee Kim and Seungyoung Jung, Farmland-Based Reverse Mortgages for Aged Farmers, Asia-Pacific Journal of Risk and Insurance, Vol. 8, 2014
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Changki Kim and Yangho Choi, A Method of Hedging Mortality Rate Risks in Endowment Product Development, 보험금융연구, Vol. 75, 2014
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Guojun Chen, Jun-koo Kang, Jin-mo Kim and Hyunseung Na, Sources of value gains in minority equity investments by private equity funds: Evidence from block share acquisitions, Journal of Corporate Finance, Vol. 29, 2014
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Heesub Byun, Jihye Lee and Kyung Suh Park, Corporate Governance, Product Market Competition, and Payout Policy, Seoul Journal of Business, Vol. 20, 2014
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Hyungcheol Kang and Hasung Jang, 한국 대규모기업집단에서 내부자본시장과 대리인 문제 : 그룹 현금보유의 역할, 금융연구, 2014
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Jaiho Chung, Joon Ho Hwang and Joon-seok Kim, Block Premium and Shareholder Litigation, ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, Vol.43, 2014
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Kyung-in Park and Dongcheol Kim, Sources of momentum profits in international stock markets, Accounting & Finance, Vol. 54, 2014
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Soon-ho Kim and Dongcheol Kim, Investor sentiment from internet message postings and the predictability of stock returns, Journal of Economic Behavior & Organization, Vol. 107, 2014
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Sukbong Kim, Kyung Suh Park and Chanshik Jung, 유상증자의 방식과 주간사 계약의 형태에 대한 연구, 재무연구, Vol. 27,2014
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Taehan Bae, Ian Iscoe and Changki Kim, Valuing retail credit tranches with structural, double mixture models, Journal of Futures Markets, 2014
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Myeong Hyeon Kim and Baeho Kim, Systematic cyclicality of systemic bubbles: Evidence from the U.S. commercial banking system, Journal of Macroeconomics 42, 2014
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Kay Giesecke, Baeho Kim, Jack Kim and Gerry Tsoukalas, Optimal Credit Swap Portfolios, Management Science Vol 60, 2014
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Bernard Black, Antonio Gledson De Carvalho, Vikramaditya Khanna, Woochan Kim, Burcin Yurtoglu (2014), “Methods for Multicountry Studies of Corporate Governance: Evidence from the BRIKT Countries,” Journal of Econometrics, Vol.183, No.2, pp.230-240
2013
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Changki Kim and Seungyoung Jeong, 서울시 숙박 및 음식업체의 입지에 영향을 주는 요인에 관한 실증연구, 경영컨설팅연구, Vol. 13, 2013
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Chanshik Jung, Woojin Kim and Dongwook Lee, Short selling by individual investors: Destabilizing or price discovering?, Pacific-Basin Finance Journal, Vol. 21, 2013
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Eunjung Lee, Kyongshik Eom and Kyung Suh Park, Microstructure-based manipulation: Strategic behavior and performance of spoofing traders, Journal of Financial Market, Vol. 16, 2013
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Eyunghee Kim and Changki Kim, 변액보험에 부과된 최저실적배당연금액 보증옵션에 대한 연구, 보험금융연구, Vol. 71, 2013
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Heesub Byun, Jihye Lee and Kyung Suh Park, Ownership Structure, Intensive Board Monitoring, and Firm Value: Evidence from Korea, Asia-Pacific Journal of Financial Studies, Vol. 42, 2013
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Jaiho Chung and Hasung Jang, 경제윤리의 관점에서 바라본 자본주의의 미래와 기업의 사회적 책임, 인사조직연구, 2013
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Jinwan Cho, AiLian Bian and Kyungin Park, 외환위기와 환노출, 선물연구, Vol. 21, 2013
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Joon Chae, Dongwook Lee and Shufeng Wang, Takeover vulnerability and the behavior of short-term stock returns, Journal of Corporate Finance, Vol.22, 2013
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Seungyoung Jeong, Jinu Kim and Changki Kim, A Study of Modelling and Forecasting Korea’s Retail Rents with VAR Models, 부동산학보, 2013
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Shin-ik Yoo and Dong-cheol Kim, 위기기간의 동안 국내 공모형 주식펀드의 수익률, 정보의 질, 정보의 비대칭성, 업종집중도 및 스타일간의 영향분석, 경영교육연구, 2013
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Shin-ik Yoo and Dong-cheol Kim, 일반화 군집분석법을 이용한 국내 주식형펀드의 스타일 분석, 한국증권학회지, 2013
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Sukbong Kim, Kyung Suh Park and Chanshik Jung, 시간외대량매매 및 유상증자에 있어 기업과 투자은행간 주간사 계약에 관한 연구, 재무연구, Vol. 26, 2013
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Woochan Kim, Woojin Kim and Hyungseok Kim, Death spiral issues in emerging market: A control related perspective, Pacific-Basin Finance Journal, Vol. 22, 2013
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Joon Ho Hwang, Min-su Kim and Se-Hak Chun, The role of RD and corporate governance in Korea: IT firms versus non-IT firms, Information Technology Management vol.14, 2013
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Woochan Kim, Woojin Kim, and Hyung-Seok Kim (2013), “Death Spiral in Emerging Market: A Control Related Perspective” Pacific-Basin Finance Journal, Vol.22, pp.14-36.
2012
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Ailian Bian and Jin-wan Cho, Foreign Ownership and Exchange Rate Risks: Evidence from Korean Stock Returns, 경영학연구, 2012
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Bernard Black and Woochan Kim, The effect of board structure on firm value: A multiple identification strategies approach using Korean data, Journal of Financial Economics, Vol. 104, 2012
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Changhui Choi, Donghoon Shin and Changki Kim, 날씨파생상품을 이용한 국내 도시가스 산업의 날씨 위험 관리, 선물연구, Vol. 20, 2012
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Changki Kim, Eyunghee Kim, 생존율 옵션 부과 연금 상품 개발방안, 계리학연구, Vol. 4, 2012
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Eyunghee Kim and Changki Kim, 주가수익률 추정 모델 선택에 따른 변액 연금 최저보증준비금 분석, 보험금융연구, Vol. 69, 2012
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Heesub Byun, Jihye Lee and Kyung Suh Park, How Does Product Market Competition Interact with Internal Corporate Governance?: Evidence from the Korean Economy, Asia-Pacific Journal of Financial Studies, Vol. 41, 2012
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Hyungcheol Kang, Dongwook Lee, Eunjung Lee and Kyung Suh Park, The role of the temporary component in spot prices in the revision of expected future spot prices: Evidence from index futures quotes, Journal of Futures Market, Vol. 32, 2012
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Hyungseok Kim, Woojin Kim and Kyung Suh Park, The Effect of Structural Changes in the Organizational Form of Business Groups: Evidence from Korea, Asia-Pacific Journal of Financial Studies, Vol. 41, 2012
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Jiwoong Chung, Berk A. Sensoy, Lea Henny Stern and Michael S. Weisbach, Pay for Performance from Future Fund Flows: The Case of Private Equity, Review of Financial Studies, Vol. 25, 2012
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Jongil So, Heejung Choi and Minyoung Heo, 사외이사 초과선임의 결정요인과 기업가치에 관한 연구, 기업경영연구, Vol. 44, 2012
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Jungseon Na and Joon Ho Hwang, 녹색인증 기업의 재무적 특성, 금융지식연구, Vol. 10, 2012
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Keehong Bae, Seungbo Kim and Woochan Kim, Family Control and Expropriation at Not-for-Profit Organizations: Evidence from Korean Private Universities, Corporate Governance: An International Review, Vol. 20, 2012
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Kyung Suh Park, Heesub Byun and Jihye Lee, 내생성(Endogeneity) 문제를 통제한 환경경영과 기업가치 간의 관계에 관한 연구, 재무연구, Vol. 25, 2012
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Minsu Kim, Inmo Sung and Jongil So, 출자총액제한제도가 대기업 자산구성에 미치는 효과에 관한 연구, 금융연구, Vol. 26, 2012
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Seokkwan Koh and Jongil So, 통화파생상품을 이용한 환위험 헤지가 기업가치 및 환노출에 미치는 영향, 재무관리연구, Vol. 29, 2012
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Seungyoung Jeong, Jinu Kim and Changki Kim, The Effect of Spatial and Physical Factors on Retail Unit’s Sale Prices in Seoul, 부동산학보, 2012
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Shinik Yoo and Dongcheol Kim, 국내 주식형 뮤추얼펀드의 스타일, 성과 및 시장예측 능력에 대한 분석, 재무연구, Vol. 25, 2012
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Soon-ho Kim, Dongcheol Kim and Hyun-soo Shin, Evaluating asset pricing models in the Korean stock market, Pacific-Basin Finance journal, Vol. 20, 2012
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Sunwoo Hwang and Woochan Kim, Managerial entrenchment of anti-takeover devices: Quasi-experimental evidence from Korea, Pacific-Basin Finance Journal, Vol. 20, 2012
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Woochan Kim, Korea investment corporation: its origin and evolution, Journal of the Asia Pacific Economy, Vol. 17, 2012
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Bae, Kee-Hong, Seung-Bo Kim, and Woochan Kim (2012), “Family Control and Expropriation at Not-for-Profit Organizations: Evidence from Korean Private Universities,” Corporate Governance: An International Review, Vol.20, No.4, pp.388-404
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Woochan Kim, “Korea Investment Corporation: Its Origin and Evolution (2012),” Journal of the Asia Pacific Economy, Vol.17 No.2, pp.208-235
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Bernard Black and Woochan Kim (2012), “The Effect of Board Structure on Firm Value: A Multiple Identification Strategies Approach Using Korean Data,” Journal of Financial Economics, Vol.104, No.1, pp.203-226
2011
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Changki Kim, The Impacts of Guaranteed Minimum Death Benefit Options on the Profit Margins of Unit Linked Products, Journal of Acturial Science, Vol. 3, 2011
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Changki Kim and Eyunghee Kim, 국내 연금시장의 발전 방향에 관한 연구, 계리학연구, Vol. 3, 2011
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Changki Kim and Yangho Choi, SECURITIZATION OF LONGEVITY RISK USING PERCENTILE TRANCHING, Journal of Risk & Insurance, Vol. 78, 2011
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Dongwook Lee and Mark H. Liu, Does more information in stock price lead to greater or smaller idiosyncratic return volatility?, Journal of Banking & Finance, Vol. 35, 2011
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Eyunghee Kim and Changki Kim, 변액 연금 상품의 보증 옵션 분석, 보험금융연구, Vol. 63, 2011
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Hyungcheol Kang and Kyung Suh Park, 가족기업의 상장의사결정에 관한 연구, 재무연구, Vol. 24, 2011
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Kay Giesecke and Baeho Kim, Systemic Risk: What Defaults Are Telling Us, Management Science, Vol. 57, 2011
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Kay Giesecke and Baeho Kim, Risk Analysis of Collateralized Debt Obligations, Operations Research, Vol. 59, 2011
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Kay Giesecke, Baeho Kim and Shilin Zhu, Monte Carlo Algorithms for Default Timing Problems, Management Science, Vol. 57, 2011
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K. Sam Park and Jinwan Cho, Pro-efficiency: Data speak more than technical efficiency, European Journal of Operational Research, Vol. 215, 2011
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Kyung Suh Park and Chanshik Jung, 기업집단의 분리를 통한 기업집단의 순기능과 역기능에 관한 연구, 한국증권학회지, Vol. 40, 2011
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Kyung Suh Park, Heesub Byun and Jihye Lee, 상품시장에서의 경쟁과 기업지배구조의 상호작용이 투자와 배당에 미치는 영향, 재무연구, Vol. 24, 2011
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Joon Ho Hwang, Donghan Kim and Sehak Chun, Corporate social responsibility and its performances: Application to SRI (Socially Responsible Investing) mutual funds, Communications in Computer and Information Science, Vol. 184, 2011
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Shahriar Azizpour, Kay Giesecke and Baeho Kim, Premia for correlated default risk, Journal of Economic Dynamics and Control, Vol. 35, 2011
2010
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Dongcheol Kim and Yaxuan Qi, Accruals Quality, Stock Returns, and Macroeconomic Conditions, The Accounting Review, Vol. 85, 2010
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Dongcheol Kim, Darius Palia and Anthony Saunders, Are Initial Returns and Underwriting Spreads in Equity Issues Complements or Substitutes?, Financial Management, Vol. 29, 2010
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Dongcheol Kim, Information Uncertainty Risk and Seasonality in International Stock Markets, Asia-Pacific Journal of Financial Studies, Vol. 39, 2010
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Hyungcheol Kang, Dongwook Lee and Kyung Suh Park, Does the difference in valuation between domestic and foreign investors help explain their distinct holdings of domestic stocks?, Journal of Banking and Finance, Vol. 34, 2010
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Jaiho Chung and Joon Ho Hwang, An Empirical Examination of the Parimutuel Sports Lottery Market versus the Bookmaker Market, Southern Economic Journal, Vol. 76, 2010
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Jaiho Chung and Joon Ho Hwang, Pricing of Private Placements of Equity, Asia-Pacific Journal of Financial Studies, Vol. 39, 2010
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Kyung Suh Park and Younghyun Cho, 데이트레이더의 성과지속성과 시장효율성, 한국증권학회지, Vol. 39, 2010
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Stephen P. Ferris, Woojin Kim and Kwangwoo Park, The informational quality of implied volatility and the volatility risk premium, Applied Economics Letters, Vol. 17, 2010
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Woojin Kim and Narasimhan Jegadeesh, Do Analysts Herd? An Analysis of Recommendations and Market Reactions, Review of Financial Studies, Vol. 23, 2010
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Yu-hua An, Juwan Kim and Dongcheol Kim, Is Accounting Information Quality Priced in the Korean Markets?, 한국증권학회지, Vol. 39, 2010
2009
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Bill Hu and Joon Ho Hwang, Private Benefits: Ownership vs. Control, Journal of Financial Research, Vol. 32, 2009
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Brent W. Ambrose and Dongwook Lee, REIT Capital Budgeting and Equity Marginal, Real Estate Economics, Vol. 37, 2009
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Chanshik Jung, Dongwook Lee and Kyung Suh Park, Can investor heterogeneity be used to explain the cross-section of average stock returns in emerging markets?, Journal of International Money & Finance, Vol. 28, 2009
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Dongwook Lee and Kyung Suh Park, Does institutional activism increase shareholder wealth? Evidence from spillovers on non-target companies, Journal of Corporate Finance, Vol. 15, 2009
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Dongwook Lee, How Do Employees View Their Underwater Stock Options?: Evidence from the Stock Option Exchange Program, Journal of Financial Services Research, Vol. 35, 2009
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Joon Ho Hwang and Sehak Chun, A Decision Model for Advertising Expense: From the Perspective of the Blockholder’s Private Benefit, 상품학연구, 2009
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Karl B. Diether, Ingrid M. Werner and Kuanhui Lee, Short-Sale Strategies and Return Predictability, Review of Financial Studies, Vol. 22, 2009
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Karl B. Diether, Kuanhui Lee and Ingrid M. Werner, It's SHO Time! Short-Sale Price Tests and Market Quality, Journal of Finance, Vol. 64, 2009
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Kyung Suh Park, Heesub Byun and Eunjung Lee, 지배주주의 존재가 기업경영에 미치는 영향: 소유구조와 임금의 관계, 재무연구, Vol. 22, 2009
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Kyung Suh Park, Heesub Byun and Eunjung Lee, 한국주식시장에 사후적 지배구조 프리미엄이 존재하는가?, 한국증권학회지 Vol. 38, 2009
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Woochan Kim, Woojin Kim and Kapsok Kwon, Value of outside blockholder activism: Evidence from the switchers, Journal of Corporate Finance, Vol. 15, 2009
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Jaiho Chung and Joon Ho Hwang, DYNAMICS OF GENERAL PURPOSE TECHNOLOGIES IN AN OPEN ECONOMY, Hitotsubashi Journal of Economics, 2009
2008
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Dongcheol Kim, Darius Palia and Anthony Saunder, The Impact of Commercial Banks on Underwriting Spreads: Evidence from Three Decades, Journal of Financial & Quantitative Analysis, Vol. 43, 2008
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Eunjung Lee and Kyung Suh Park, Determinants of the corporate governance of Korean firms, Corporate Ownership and Control, Vol. 5, 2008
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Hyungcheol Kang, Kyung Suh Park and Hasung Jang, 한국의 기업집단에 있어서 피라미드 내 계열사 위치의 결정요인, 한국경제의 분석, Vol. 14, 2008
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Kyung Suh Park, Why do Shareholders Allow Their Managers to be Gatekeepers in Corporate Control Contests?, Asia-Pacific Journal of Financial Studies, Vol. 37, 2008
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Woojin Kim, Analyst recommendations and option market reactions, 재무연구, Vol. 21, 2008
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Woojin Kim and Michael S. Weisbach, Motivations for public equity offers: An international perspective, Journal of Financial Economics, Vol. 87, 2008
2007
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Brent W. Ambrose, Dongwook Lee and Joe Peek, Comovement after joining an index: Spillovers of nonfundamental effects, Real Estate Economics, Vol. 35, 2007
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Dongcheol Kim and Dongsoon Kim, Return-volatility spillover and foreign operations of dually-listed global firms, Hitotsubashi Journal of Economics, Vol. 48, 2007
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Dongwook Lee, Do corporate managers manipulate the stock price to have a lower exercise price for their stock options?: Some evidence from the U.S. stock market, 재무연구, Vol. 20, 2007
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Eunjung Lee, Kyung Suh Park and Hasung Jang, How profitable is day-trading?: A study on day-trading in Korean stock market, Asia-Pacific Journal of Financial Studies, Vol. 36, 2007
2006
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Bernard S. Black, Hasung Jang and Woochan Kim, Does Corporate Governance Predict Firms' Market values? Evidence from Korea 2006, Journal of Law, Economics and Organization, Vol. 22, 2006
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Dongcheol Kim and Seongho Shin, The Risk of Earnings Information Uncertainty and the January Effect in Korea, Asia-Pacific Journal of Financial Studies, Vol. 35, 2006
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Dongcheol Kim, On the Information Uncertainty Risk and The January Effect, Journal of Business, Vol. 79, 2006
2005
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Bernard S. Black, Hasung Jang and Woochan Kim, Predicting firms' corporate governance choices : Evidence from Korea, Journal of Corporate Finance, Vol. 12, 2005
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Bernard S. Black, Woochan Kim, Hasung Jang and Kyung Suh Park, Does Corporate Governance Predict Firms' Market Values?: Time Series Evidence from Korea 2005, University of Texas School of Law, Law and Economics Working Paper No. 51, 2005
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Sam Han, Sanglyong Joo and Woojin Kim, Investor Sophistication and Patterns in Analysts' Earnings Forecasts, Asia-Pacific Journal of Financial Studies, Vol. 34, 2005
2004
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The Generality of Spurious Predictability
Jinwan Cho, J. Shin, R. Singh(Finance Research Letters Volume 1, Issue 4 , 2004)
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Jinwan Cho, Jhinyoung Shin and Rajdeep Singh, The Generality of Spurious Predictability, Finance Research Letters, Vol. 1, 2004
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Narasimhan Jegadeesh, Joonghyuk Kim, Susan D. Krische and Charles M. C. Lee, Analyzing the analysts: When do recommendations add value?, Journal of Finance, Vol. 59, 2004
2002
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Bernard S. Black, Hasung Jang, and Woochan Kim, Does Corporate Governance Affect Firm Value? Evidence from Korea, Second Asian Conference on Corporate Governance, 2002
