Curriculum Vitae
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Academic Appointment:
2023-present:
2018–2023:
2014–2018:
2011–2014:
California State University at Fullerton, College of Business and Economics
Professor of Finance
California State University at Fullerton, College of Business and Economics
Associate Professor of Finance
California State University at Fullerton, College of Business and Economics
Assistant Professor of Finance
University of Missouri, Trulaske College of Business
Assistant Professor of Finance
Education:
2006–2011:
2003–2005:
1999–2003:
The Ohio State University, Fisher College of Business
PhD in Finance
Seoul National University, SNU Business School
MBA
Seoul National University, SNU Business School
B.Sc. in Business Administration, Summa Cum Laude
Research Interest
Empirical corporate finance: financial distress, banking, hedge funds, optimal contracting
Publications
1. "Did they live happily ever after? The fate of restructured firms after hedge fund activism," (with Wonik Choi), 2022, Financial Management 57(4), 925-947
2. "The Economics of PIPE," (with Michael W. Schwert and Michael S. Weisbach), 2021, Journal of Financial Intermediatino 45(1), 1-14
3. "CSR: An Umbrella or a Puddle on a Rainy Day? Evidence Surrounding Corporate Financial Misconducts," (with John Bae and Wonik Choi), 2020, European Financial Management 26(1), 77-117
4. "The Asymmetric Relationship between National Cultural Distance and Target Premiums in Cross-Border M&A," (with Anil Makhija and Oded Shenkar), 2016, Journal of Corporate Finance 41, 542-571..
5. "Indirect Incentives of Hedge Fund Managers," (with Berk Sensoy and Michael Weisbach), 2016, Journal of Finance 71 (2), 871-918.
6. "The Role of Activist Hedge Funds in Financially Distressed Firms,"2015, Journal of Financial and Quantitative Analysis 50 (6), p. 1321-1351.
7. "Syndicated Loan Spreads and the Composition of the Syndicate," (with Bernadette Minton and Michael Weisbach), 2014, Journal of Financial Economics 111 (1), p. 45-69, Winner of the Wharton-WRDS award for Best Paper on Corporate Finance at the Northern Finance Association Meetings
8. "Six Decades of CEO Successions: An Empirical Analysis of Trends and Patterns," (with Stephen P. Ferris and Narayanan Jayaraman), 2015, Journal of Accounting and Finance 15(4), p.11-39.
Working Papers / Work-in-progress
"Cultures and Cross-border M&As: Case of Pharmaceutical Industry" (with Mosab Hammoudeh)
"Insider Trading Horizon and Profits in Spin-offs" (with Wonik Choi)
Invited Presentations (including scheduled; * indicates presentation by a co-author)
2022: Financial Management Association Annual Meeting (Atlanta, GA; paper)
2018: American Financial Association Annual Meeting* (Philadelphia, PA; paper), American Accounting Association Western Regional Meeting* (Portland, OR; paper), Financial Management Association Annual Meeting* (San Diego, CA; paper)
2017: Private Equity Research Consortium* (Chapel Hill, NC; paper)
2015: JCF Conference on Culture and Finance (Winston-Salem, NC; paper, discussant), Midwest Finance Association Annual Meeting (Chicago, IL; paper, discussant, chair)
2014: Financial Management Association Annual Meeting* (Nashville, TN; paper), NBER Corporate Finance Program Meeting* (Chicago, IL; paper), FMA European Conference* (Maastricht, NL; paper), Midwest Finance Association Annual Meeting* (Orlando, FL; paper), American Finance Association Annual Meeting (Philadelphia, PA; paper)
2013: Academy of International Business Annual Meeting* (Istanbul, Turkey; paper), Western Finance Association Annual Meeting (Lake Tahoe, NV; discussant), American Financial Association Annual Meeting (San Diego, CA; paper), California State University at Fullerton (Fullerton, CA; paper), Fordham University (New York, NY; paper), Northeastern University (Boston, MA; paper), University of Oklahoma (Norman, OK; paper), University of Missouri at Columbia (Columbia, MO; paper)
2012: Northern Financial Association Annual Meeting (Niagara Falls; paper), Western Financial Association Annual Meeting (Las Vegas; paper), University of Missouri at Columbia (Columbia; paper)
2011: University of Missouri (Columbia), Case Western Reserve University (Cleveland), Cornerstone Research (Palo Alto), National University of Singapore (Singapore), KAIST (Seoul), Korea University (Seoul), Korea Institute of Finance (Seoul), City University of Hong Kong (Hong Kong), Hong Kong University (Hong Kong), Nanyang Technological University (Singapore), Pennsylvania State University (State College)
2010: University of Cincinnati (Cincinnati), Ohio University (Athens), The Ohio State University (Columbus)
Teaching
Cases in Business Finance, Undergraduate, Calstate Fullerton
Financial Management II, Undergraduate, Calstate Fullerton
Managerial Finance I, MBA, University of Missouri at Columbia
Managerial Finance II, MBA, University of Missouri at Columbia
Advanced Financial Management, MBA, University of Missouri at Columbia
Corporate Finance, Undergraduate, Ohio State University
Business and Finance, Undergraduate, Ohio State University
Honors and Award
Recognized for excellence in teaching at the 2022 Faculty Recognition Event, CSUF, 2022
Nominated for L. Don Shields Excellence in Scholarship & Creativity Award, 2021-2022
Nominated for Mihaylo Executive Council Distinguished Faculty Award, CSUF, 2019
Recognized for excellence in scholarly and creative activity at the 2018 Faculty Recognition Event, CSUF, 2018
The Faculty Excellence Fellowship Award, Mihaylo College of Business and Economics, CSUF, 2018
The Scholar Award, Mihaylo College of Business and Economics, CSUF, 2017
The Scholar Award, Mihaylo College of Business and Economics, CSUF, 2016
Wharton-WRDS Award for Best Paper on Corporate Finance, Northern Finance Association 2012 Annual Meeting
Non-Academic Experience
2005–2006:
2004–2005:
Deloitte Consulting, Enterprise Management Strategy Unit
Business Analyst
Ministry of Finance and Economy, International Finance Bureau
Researcher