Thummim Cho 

thummim@korea.ac.kr / Curriculum Vitae

Current Position: Associate Professor of Finance, Korea University (2024–Present) 

Previous Position: Assistant Professor of Finance, LSE (Passed Interim Review, 2022)

Education: PhD in Economics, Harvard University (2017); BA, Cornell University (2007)

Research Interests: Asset Pricing, Macro-Finance

I help organize an annual workshop on valuations and long-term investing.

 Working Papers

Equity Valuation Without DCF  (coming soon) with Christopher Polk and Robert Rogers

Which Asset Pricing Model Do Firms Use? A Revealed Preference Approach  with Amir Salarkia

The Present Value of Future Market Power   (R&R, Review of Financial Studies) with Marco Grotteria, Lukas Kremens, and Howard Kung

 Publications 

Putting the Price in Asset Pricing   (Journal of Finance, 2024) with Christopher Polk

Scale or Yield? A Present-Value Identity   (Review of Financial Studies, 2024) with Lukas Kremens, Dongryeol Lee, and Christopher Polk

Turning Alphas into Betas: Arbitrage and Endogenous Risk   (Journal of Financial Economics, 2020) 

Updates Coming / Work in Progress

Heat as a Sedative: A Natural Experiment on Noise Trading (Updated draft coming)  

Asset Pricing under Cross-Border Investment Frictions (2019) with Argyris Tsiaras