
Education:
Ph.D., Finance, University of Michigan, US, Aug, 2014
B.S., Industrial Engineering, Korea Advanced Institute of Science and Technology (KAIST), Seoul, Korea, 2008
Working Experience:
Bankruptcy Law Clerk, Kim & Chang, Seoul, Korea, Jun 2012 - July 2012
Researcher, Korea Asset Pricing & Korea Rating Co., Seoul, Korea, 2007-2008
Researcher, Korea Institute of Fixed Income, Seoul, Korea, 2006-2007
                
Publications
1. “Information Disclosure and Peer Innovation: Evidence from Mandatory Reporting of Clinical Trials,” with Po-Hsuan Hsu, Kyungran Lee, and S. Katie Moon, Forthcoming, Journal of Financial and Quantitative Analysis
2. “Outside Directors’ Insider Trading around Board Meetings,” with Seil Kim, Review of Accounting Studies, Volume 29, 2617-2649, 2024
3. “Does Board Demographic Diversity Enhance Cognitive Diversity and Monitoring?,” with Jun-Koo Kang and Seil Kim, The Accounting Review, Volume 97, Issue 6, 2022
4. “Venture Capital Coordination in Syndicates, Corporate Monitoring, and Firm Performance,” with Jun-Koo Kang and Yingxiang Li, Journal of Financial Intermediation, Volume 50, 2022
5. “Natural Disasters and the Role of Regional Lenders in Economic Recovery,” with Hursit S. Celil and Srinivasan Selvam, Journal of Empirical Finance, 68: 116-132, 2022
6. “Non-Recourse Mortgage Law and the Housing Speculation,” with Tong Yob Nam, Journal of Banking & Finance, Volume 133, 2021
7. “Cross-listing, Foreign Independent Directors and Firm Value,” with Heungju Park and Keli Ding, Journal of Business Research, 136: 695-708, 2021
8. “The Collateral Channel: Dynamic Effects of Housing Market on Entrepreneurship,” with Bong-Geun Choi and Jaeyoon Lee, Economics Letters, 2020
9. “Cross-listing and the Value of Corporate Cash Holdings: Evidence from China,” with Heungju Park and Xinrui Xie, Asian Review of Financial Research, 33(4), 2020
10. “The Choice between PIPE and SEO in China,” with Heungju Park and Chi Zhang, China Economic Review, Volume 57, 2019
11. “Fire-Sale Acquisitions and Intra-Industry Contagion” Journal of Corporate Finance, 50: 265-293, 2018
12. “Economic Growth and Labor Market Friction: A Quantitative Study on Japanese Structural Transformation,” with Seung-Gyu Sim, B.E. Journal of Macroeconomics, Volume 17, Issue 1, 2017
Working Papers
1. “Diffused Errors along Technology Spillovers: Evidence from the 510(k) Medical Device Market,” with Po-Hsuan Hsu, Kyungran Lee and S. Katie Moon
- US FDA, 2025 SFS Cavalcade Asia-Pacific (Scheduled), 2023 MFA, 2022 AIEA, 2022 ACFOW
2. “Tradeoff between Entrepreneurship and Fertility: Evidence from China’s Two-Child Policy,” with Po-Hsuan Hsu and Sung Kwan Lee
- 2025 FMA (Best Paper Award Semi-Finalist)
3. “Initial Innovation Failure and Firm Growth,” with Kyungran Lee, and S. Katie Moon, Revise and Resubmit, Review of Corporate Finance Studies
- 2018 Finance Down Under (Best Paper Award), 2017 USC-FOM Conference
4. “Inter-Firm Patent Litigation and Innovation Competition,” with Jongsub Lee, and Paula Suh
- 2022 AEA, 2020 EFA, 2019 AIEA-NBER, 2019 FMA Asia/Pacific (Best Paper Award), 2018 SFS Cavalcade Asia-Pacific
5. “The Effect of Institutional Investor Portfolio Diversification on Corporate Diversification,” with Audra Boone, Hursit S. Celil, and Srinivasan Selvam
- 2021 MFA, 2021 FMA (Best Paper Award Semi-Finalist)