Graduate School of Business

EDUCATION

Ph.D. in Finance, University of Georgia
M.S. in Finance, Yonsei University
B.B.A. in Business Administration & B.A. in Applied Statistics, Yonsei University

ACADEMIC AND PROFESSIONAL EXPERIENCE

Associate Professor, School of Business, Yonsei University
Assistant Professor, School of Business, Yonsei University
Assistant Professor, Middle Georgia State University
Employee, Division of Business Strategy, GS Caltex

TEACHING INTERESTS

Financial Management, Corporate Finance, International Finance

RESEARCH INTERESTS

Corporate finance, Supply chain, Diversification, Information processing in capital markets, Family firm, Payout policy, Corporate investment

SELECTED PUBLICATION

• "Firm Complexity and Post-earnings Announcement Drift," Review of Accounting Studies, 2024.
• "The Effect of CEO Overconfidence on Firm Value: Evidence from Korean Rising-Star Firms in KOSDAQ," (in Korean) Journal of Corporation and Innovation, 2023
• "Information Asymmetry and Dividend Smoothing by Rated Firms," (in Korean) Korean Journal of Financial Management, 2023
• "Spillover of Missing Forecasts through Supply Chain," (in Korean) Journal of Corporation and Innovation, 2023
• "Corporate Cash Shortfalls and External Financing: Evidence from Korea," (in Korean) Asia Pacific Journal of Business, 2023
• "Dividend Taxes and Corporate Choice: Evidence from 2015 Tax Cut in South Korea," Pacific-Basin Finance Journal, 2023.
• "A Study on Determinants of the Cost of Debt in Public Institutions," (in Korean) Korean Journal of Financial Studies, 2023.
• "Venture Capital Investments and the IPO Performance of Chinese Firms," Asia Pacific Journal of Business, 2022.
• "Taxation and Dividend Policy: The Effect of 2015 Dividend Tax Cut in South Korea," (in Korean) Yonsei Business Review, 2022.
• "Music Copyright-backed Securities and Portfolio Performance," (in Korean) Korean Management Review, 2022.
• "The Investment Horizon of Institutional Investors and Firm Value," (in Korean) East and West Studies, 2022.
• "The Effect of Inheritance Taxes on Corporate Dividend Policy and Value," (in Korean) Korean Business Education Review, 2022.
• "Institutional Investors and Stock Price Crash Risk," (in Korean) The Journal of Risk Management, 2022.
• "How Is Organization Capital Priced in the Korean Market?" Journal of Corporation and Innovation, 2022.
• "Industry Effects of the Relationship between ESG Performance and Firm Value," (in Korean) Journal of CEO and Management Studies, 2022.
• "Internal Workforce, Symbolism and Licensed Products: the 17th Asian Games," Emerald Emerging Markets Case Studies, 2021.
• "How Does the Speed of Promotion of an Heir Apparent Affect the Post-succession Firm Performance and Uncertainty?" (in Korean) Journal of CEO and Management Studies, 2021.
• "Information Environment and Return Predictability of Conglomerates," Korean Journal of Business Administration, 2020.
• "Corporate Risk-Taking and Stock Returns to Distressed Firms," Korean Journal of Financial Management, 2019.
• "Customer-Base Concentration, Profitability, and the Relationship Life Cycle," The Accounting Review, 2016.
• "The Effects of Governance Characteristics of Family Firms on Firm Value and Performance: Evidence from Korea," (in Korean) Korean Journal of Business Research, 2010.

PROFESSIONAL ACTIVITIES AND AWARDS

Academic Service

Director, Korean Securities Association (2020 - 2022, 2023 - Present)
Director, Korean Academic Society of Business Administration (2021 - 2023)
Director, Korean Finance Association (2022 - 2023)
Steward, Korean Securities Association (2019 - 2020)
Editorial board member, Asia-Pacific Journal of Financial Studies (2023 - Present)
Editorial board member, Korean Journal of Financial Studies (2022 - Present)
Editorial board member, Asia Pacific Journal of Small Business (2020 - 2021)

Awards

The Best Teaching Award, School of Business, Yonsei University (2017, 2019, 2022)
The Maeil Business News Young Scholar Award (2019)

Etc

Committee member, Risk Management and Performance Evaluation Committee of the Wage Guarantee Fund, Ministry of Employment and Labor (2024 - Present)
Advisory board member, ESG Expert Advisory Board, KCGS (2022 - Present)
Committee member, Financial Asset Management Committee, Korea Trade Insurance Corporation (2019 - 2023)
Research fellow, Korea Institute of Corporate Governance and Sustainability (KCGS) (2020 - Present)
Advisory board member, Overseas Power Project Council, Ministry of Trade, Industry and Energy of Korea (2021 - 2023)
Committee member, Management Evaluation Committee, National Pension Fund of Korea (2018 - 2022)

Participating professor, BK21 FOUR, School of Business (2023 - 2024)
Administrative professor of the Finance MBA (FMBA) program, Graduate School of Business (2019 - 2023)
Graduate program coordinator - Finance division, School of Business (2019 - 2023)
Committee member, English Steering Committee, University College (2021 - 2023)