SELECTED PUBLICATIONS 

[1] A J-Shaped Cross-Sectional Relation between Dividends and Firm Value (with Soojung Kim and Soon Hong Park), Journal of Corporate Finance, Feb 2018, 48, pp. 857-877.
[2] Investment Financing: Evidence from Korea (with Heejung Choi), Accounting and Finance, Apr 2017, 57(S1), pp. 147-184.
[3] Firm Age and Valuation: Evidence from Korea (with J.B.Chay and Heuijung Kim), Asia-Pacific Journal of Financial Studies, Oct 2015, 44(5), pp. 721-761.
[4] Financing Hierarchy: Evidence from Quantile Regression (with J.B.Chay, Soojung Kim and Soon Hong Park), Journal of Corporate Finance, Aug 2015, 33, pp. 147-163.
[5] Creditor Rights and Capital Structure: Evidence from International Data (with Seong-Soon Cho, Sadok El Ghoul and Omrane Guedhami), Journal of Corporate Finance, Apr 2014, 25, pp. 40-60. (Summarized in the CFA Digest, vol.44, no. 4, Apr 2014).
[6] Corporate Social Responsibility and Credit Ratings (with Najah Attig, Sadok El Ghoul and Omrane Guedhami), Journal of Business Ethics, Nov 2013, 117(4), pp. 679-694. (Lead Article)  
[7] Do Multinational Corporations and Domestic Corporations Differ in Their Leverage Policies? (with Soon Hong Park and Bernard Yeung), Journal of Corporate Finance, Apr 2013, 20, pp. 115-139.
[8] Exchange Rate Changes and the Operating Performance of Multinationals (with Bong-Soo Lee), European Financial Management, Jan 2012, 18(1), pp. 88-116.
[9] Cash Holdings and Share Repurchases: International Evidence (with Bong-Soo Lee), Journal of Corporate Finance, Dec 2011, 17(5), pp. 1306-1329.
[10] Payout Policy and Cash Flow Uncertainty (with J.B.Chay), Journal of Financial Economics, Jul 2009, 93(1), pp. 88-107.
[11] Capital Investment and Earnings: International Evidence (with Ahmet C. Inci and Bong-Soo Lee), Corporate Governance: An International Review, Sep 2009, 17(5), pp. 526-545. (Lead Article)
[12] Korea Discount: Diagnosis and Remedy (with Sim Soo-Yeon), Asia-Pacific Journal of Financial Studies, Aug 2007, 36(4), pp. 621-655.
[13] What Drives Volatile Emerging Stock Market Returns? (with Bong-Soo Lee), Pacific-Basin Finance Journal, Sep 2005, 13(4), pp. 367-385.
[14] Home Bias among Institutional Investors: A Study of the Economist Quarterly Portfolio Poll, Journal of the Japanese and International Economies, March 2005, 19(1), pp. 72-95.
[15] ADRs and U.S. Market Sentiment, Journal of Investing, Winter 2003, 12(4), pp. 87-95.