Sonya Lim
Professor of Finance
DePaul University
sonya.lim@depaul.edu
Publications
"Lender Trust and Bank Loan Contracts,” with Jens Hagendorff and Duc Duy (Louis) Nguyen, forthcoming, Management Science
“An Analyst by Any Other Surname: Country Favorability and Market Reaction to Analyst Forecasts,” with Jay Heon Jung, Alok Kumar, and Choong-Yuel Yoo, 2019, Journal of Accounting and Economics, 67 (2-3), pp. 306-335.
"Trust and Household Debt,” with Danling Jiang, 2018, Review of Finance 22 (2), 783–812.
"Do analysts who understand accounting conservatism exhibit better forecasting performance?” with Jay Heon Jung, Jinhan Pae, and Choong-Yuel Yoo, 2017, Journal of Business Finance & Accounting 44 (7-8), 953-985
“Continuing Overreaction and Stock Return Predictability,” with Suk Joon Byun and Sang Hyun Yun, 2016, Journal of Financial and Quantitative Analysis 51(6), 2015-2046.
"Limited Investor Attention and Stock Market Misreactions to Accounting Information," with David Hirshleifer and Siew Hong Teoh, 2011, Review of Asset Pricing Studies 1(1), 35-73.
"A Cross-Cultural Study of Reference Point Adaptation: Evidence from China, Korea, and the US," with Hal Arkes, David Hirshleifer, and Danling Jiang, 2010, Organizational Behavior and Human Decision Processes 112 (2), 99-111.
"Driven to Distraction: Extraneous Events and Underreaction to Earnings News," with David Hirshleifer and Siew Hong Teoh, 2009, Journal of Finance 64 (5), 2289-2325.
"How Do Decision Frames Influence the Stock Investment Decisions of Individual Investors?" with Alok Kumar, 2008, Management Science 54 (6), 1052-1064.
"Real Options and Real Value: The Role of Employee Incentives to Make Specific Knowledge Investments," with Heli Wang, 2008, Strategic Management Journal 29, 701-721.
"Reference Point Adaptation: Tests in the Domain of Security Trading,", with Hal Arkes, David Hirshleifer, and Danling Jiang, 2008, Organizational Behavior and Human Decision Processes 105, 67-81.
"The Effect of Financial Hedging on the Incentives for Corporate Diversification," with Heli Wang, 2007, Journal of Economic Behavior and Organization 62, 640-656.
"Do Investors Integrate Losses and Segregate Gains? Mental Accounting and Investor Trading Decisions," 2006, Journal of Business 79 (5), 2539-2573.
"Valuing and Hedging American Options under Time-Varying Volatility," with In Joon Kim and Suk Joon Byun, 2004, Journal of Derivatives Accounting 1 (2), 195-204.
"Firm Risk Management Policies: Financial Hedging and Corporate Diversification," with Heli Wang, 2001, Academy of Management Proceedings.
Working Papers
"Analysts’ Cultural Attitudes to Time Orientation," with Shuping Chen, Jay Jung, and Yong Yu
"Biased Information Transmission in Investor Social Networks: Evidence from Professional Traders,” with Jacqueline Lane and Brian Uzzi
"Perceived Firm Trustworthiness and Market Underreaction to Earnings News” with Jay Heon Jung, Jun-Koo Kang, and Choong-Yuel Yoo
"Disclosure to an Audience with Limited Attention,” with David Hirshleifer and Siew Hong Teoh