PUBLICATIONS

Internal Capital Markets in Business Groups: Evidence from the Asian Financial Crisis, with Heitor Almeida and Chang-Soo Kim

Journal of Finance 70 (6), December 2015, pp.2539-2586.

Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment, with Woojin Kim and Mathias Kronlund

Review of Financial Studies 36 (7), July 2023, pp.2839-2877.

WORKING PAPERS

Do Index Funds Monitor? Revisited, with Todd Gormley

Do Bad Targets Become Worse Targets? Evidence from Sequential Transfers of Control Blocks, with Euna Cho and Woojin Kim

The Role of Passive Ownership in the Era of Say-on-Pay, with Kiseo Chung

Uncertainty and the Earnings Announcement Premium, with David Dicks

Risk Management of Business Groups: Capital Reallocations during a Financial Crisis, with Jiyoon Lee

The Dark Side of Insider Ownership, with Vyacheslav Fos and Mathias Kronlund