Birds of a Feather: Value Implications of Political Alignment between Top Management and Directors (2014) Journal of Financial Economics 112, 232-250.

(with Kwang J. Lee and Nandu J. Nagarajan)

• Best Paper in Corporate Finance, Semi-finalist, FMA

• Media Coverage: The Boston Globe (Mar 2014), Harvard Business Review (May 2014), Board Alert (July 2014), Business News Daily (Aug 2016)

• 2012 FARS, AAA, MFA, FMA 

 

Exodus from Sovereign Risk: Global Asset and Information Networks in the Pricing of Corporate Credit Risk (2016) Journal of Finance 71, 1813-1856.

(with Andy Naranjo and Stace Sirmans)

• WRDS Best Empirical Paper, Winner, SFA, Featured in Research with Thomson Reuters Worldscope

• 2013 SFS Finance Cavalcade, WU Gutmann Center Symposium, CICF, SFA

• Based on the working paper titled "Exodus from Sovereign Risk: Sovereign Ceiling Violations in Credit Default Swap Markets (2013)"

 

Social Networks in the Global Banking Sector (2018), Journal of Accounting and Economics 65, 237-269.

(with Joel F. Houston and Felix Suntheim)

• 2015 CICF, CAFM; 2014 Fordham-JBF Banking Conference; 2013 SFS Finance Cavalcade, EFA, CAREFIN-Bocconi Conference, FDIC/JFSR Conference

​

When Do CDS Spreads Lead? Rating Events, Private Entities, and Firm-Specific Information Flows (2018), Journal of Financial Economics 130, 556-578.

(with Andy Naranjo and Guner Velioglu)

• Best Paper in Investment, Semi-finalist, FMA

• 2017 Basel Workshop on Credit Risk, FMA

​

CDS Momentum: Slow Moving Credit Ratings and Cross-Market Spillovers (2021), The Review of Asset Pricing Studies 11(2), 352-401.

(with Andy Naranjo and Stace Sirmans)

• Best Paper in Investment, Semi-finalist, FMA

• 2015 ASSA (AEA), AFFI; 2014 FMA 

​

The Wisdom of Crowds in FinTech: Evidence from Initial Coin Offerings (2022), Review of Corporate Finance Studies 11(1), 1-46 (Lead Article).

(With Tao Li and Donghwa Shin)

• Editor's Choice.

• Best Paper Award, Winner, The 13th CAFM

• Media Coverage: Digital Asset Research, Investopedia, Duke Law School FinReg Blog, RCFS Paper Spotlight.

• 2020 ASSA, KAIST; 2019 Princeton University, WFA, FIRS; ​2018 FDIC/JFSR Banking Research Conference, ADBI FinTech Conference, CAFM

​

Credit Default Swaps around the World: Investment and Financing Effects (2021),

The Review of Financial Studies (RFS), Forthcoming.

(With Sohnke Bartram, Jennifer Conrad, and Marti Subrahmanyam)

• 2019 EFA, CICF, ABFER National University of Singapore; 2018 The Federal Reserve Board of Governors, C.R.E.D.I.T., Venice, UVA Darden, AFA, NFA; 2017 INSEAD, NYU STERN, Copenhagen, HEC Montreal, IRMC (Florence)

​

Family Feud: Succession Tournaments and Risk-taking in Family Firms (2022), Asia-Pacific Journal of Financial Studies, Forthcoming.

(with Hayong Yun and Hojong Shin)

• Outstanding Paper Award, Winner, The 11th Annual Mid-Atlantic Research Conference in Finance (MARC)

• Featured in Prof. Andrew Karolyi's Lecture on "What's Hot in Research in Emerging Markets?" (1:03:30~1:07:31)

• 2017 Olso Corporate Finance and Executive Compensation Workshop (NHH Norwegian School of Economics), Family Business Research Workshop (Martindale Center Family Business Institute, Lehigh University); 2016 FMA, Fifth Symposium on Emerging Financial Markets: China and Beyond, ASU Sonoran Winter Finance Conference, MARC; 2015 Korea Capital Market Institute (KCMI) Symposium

​

Competition, Capital Market Feedback, and Earnings Management: Evidence from Economic Deregulation (2016), Reject & Resubmit at JFQA.

(with Xiaoding Liu)

• Best Paper Award, Semi-finalist, FMA Asia

• 2016 FMA; 2014 CICF, AAA, FMA Asia; 2013 Chulalongkorn Accounting and Finance Symposium, CAFM 

​

ESG Lending (2022) NEW 

(With Sehoon Kim, Nitish Kumar, and Junho Oh)

• 2022 University of Melbourne (Scheduled), KAIST (Scheduled), Yonsei (Scheduled), University of Delaware Weinberg Center/ECGI Corporate Governance Symposium (Scheduled), MFA (Chicago, Scheduled), University of Hawai/Dongbei University Joint Seminar Series; 2021 Paris December Finance Meeting, FiFi, City University of Hong Kong, FMA Special Session to Recent Research in Banking, Australian Banking and Finance Conference, CAFM, Australian National University, Hanyang University, University of Florida. 

​

Implied Asset Return Profiles, Firm Fundamentals, and Stock Returns (2021)

(with Andy Naranjo and Stace Sirmans)

• Winner, Conference Best Paper, 2021 The Allied Korean Finance Association Annual Meeting

• Second Place Winner, 2016 Chicago Quantitative Alliance (CQA) Fall Competition

• 2021 Allied Korean Finance Association Meeting (Seoul); 2018 Conference on Derivatives and Volatility (Chicago); 2016 Paris December Finance Meeting EUROFIDAI-AFFI-ESSEC, CQA Fall Competition Chicago, NFA, FMA, Financial Econometrics and Empirical Asset Pricing Conference (SoFiE Co-sponsored Joint Conference), Ninth IRMC (Jerusalem, Israel), EFMA

​

Patent Litigation and Innovation Competition (2021)

(With Seungjoon Oh and Paula Suh)

• Best Paper in Corporate Finance and Financial Institution, Winner, 2019 FMA Asia/Pacific Meeting

• 2020 EFA, Texas A&M Young Scholars Finance Conference; 2019 AIEA-NBER Conference (NUS Singapore), FMA Asia/Pacific Meeting; 2018 SFS Cavalcade Asia-Pacific, CAFM, MFA; 2017 Colorado Finance Summit, Korea Capital Market Institute (KCMI) Symposium 

​

The Information Value of Corporate Social Responsibility (2021)

(With Kose John and Ji Yeol Jimmy Oh)​

• Best Paper Award, Winner, The 15th CAFM

• Media Coverage: Harvard Law School Forum on Corporate Governance and Financial Regulation (April 11, 2018)

• 2020 CAFM, ACFOW; 2019 Paris December Finance Meeting, AEA Annual Meeting, Atlanta, HKU-CBI Conference on Green Bonds and ESG, Hong Kong

​

Control beyond Ownership: Open-book Accounting in Unbalanced Supply Chain Networks (2021) 

(With Woojin Kim and Yunxiao Liu)

• Best Paper Award, Winner, The 8th CAFM

• 2016 KAFA 25th Anniversary Conference, Seoul, AsianFA; 2015 FMA Asian Meeting; 2014 CICF, FMA; 2013 CAFM

​

In Search of Board Independence: Former Employees, Shades of Gray and Director Classifications Revisited (2019).

(with Joel F. Houston and Hongyu Shan)

• Best Paper Award, Winner, The 11th CAFM

• Media Coverage: Columbia Law School's Blog on Corporations and the Capital Markets, "Shades of Gray in Board Independence"

• 2017 CICF, FIRS, NYU POLLACK CENTER Law & Finance Seminar, MFA Annual Meeting, Chicago; 2016 CAFM

​

Going Abroad in a Risky World: Cash Flow Diversification, Institutional Frictions, and Corporate Leverage (2017).

(with Leming Lin and Andy Naranjo)

• 2017 CICF

 

Credit Default Swaps, Agency Problems, and Management Incentives (2017), NBER Working Paper No. 24064.

(With Junho Oh and David Yermack)​

• Media Coverage: Bloomberg, "Agency Costs and Hedge-Fund Size" (December 5, 2017), Harvard Law School Forum on Corporate Governance and Financial Regulation (December 30, 2017)

• 2019 NYU/Penn Conference on Law and Finance; 2018 NFA; 2017 University of Florida

​

Home Bias in U.S. Politics (2018)

(With Changhyun Ahn and Jaeyung Kim)

• 2018 CICF, FMA, University of Florida

​

Director Connections, Board Appointments, and Director Reputation (2014)

(With Diane K. Denis and Kwang J. Lee)

• 2014 SEC, Temple University, Duquesne University, FMA Asian Meeting

​

On the Financial Efficiency and Control in Business Groups (2011)

• Best Ph.D. Paper, Finalist, EFA; Best Ph.D. Paper, Winner, FMA European Meeting; Best Dissertation Proposal Award in International Finance, Winner, FMA

• 2010 EFA, FMA European Meeting

• Based on the doctoral dissertation at Stern, titled "Corporate Finance in Family Business Groups."