POSITIONS HELD

The College of New Jersey, Ewing, NJ

- Associate Professor of Finance (with Tenure, Aug 2020 – current)

- Assistant Professor of Finance (Aug 2015 – July 2020)

Frostburg State University, Frostburg, MD

- Assistant Professor of Finance (Aug 2011 – June 2015)

Rutgers Business School, Newark, NJ

- Part-time Lecturer (Jan 2010 – June 2010)

EDUCATION

Rutgers, The State University of New Jersey, Newark and New Brunswick, NJ

- PhD in Finance (May 2011, minor in Economics)

- Doctoral Dissertation: Two Essays on Corporate Finance

  (Committee: Darius Palia, Ivan E. Brick, S. Abraham Ravid, Kose John)

The Ohio State University, Columbus, OH

- Master of Applied Statistics (June 2005)

Korea University, Seoul, South Korea

- Bachelor of Business Administration (Feb 2003, with Academic Excellence Honors)

RESEARCH INTEREST

Empirical Corporate Finance, Capital Structure, Mergers and Acquisitions (M&A), Working Capital, Corporate Governance, Corporate Social Responsibility, ESG, Product Markets, Institutional Investors, Financial Institutions

PEER-REVIEWED JOURNAL ARTICLES AND CONFERENCE PROCEEDINGS

[15] Product Market Threats and Leases, with Douglas (DJ) Fairhurst, Pil-Seng Lee and Yoonsoo Nam, Financial Management, forthcoming (June 2025).

[14] Disclosure of Off-Balance Sheet Financing and Financial Reporting Quality, with Yutong Xie, Journal of Accounting and Public Policy 50 (March-April 2025), 107285.

[13] CEO Career Concerns and ESG Investments, with Kihun Kim, Finance Research Letters 55 (July 2023), 103819.

[12] Product Market Threats and Tax Avoidance, with Pil-Seng Lee, International Review of Financial Analysis 86 (March 2023), 102528.

[11] Off-Balance Sheet Disclosure and Leverage Adjustment Speed, with Yutong Xie, Finance Research Letters 51 (January 2023), 103346.

[10] Effect of Acquisitions on Target Firms’ Stakeholder Welfare: Evidence from Corporate Social Responsibility, with Gunae Choi, Business and Society Review 127(2) (Summer 2022), 493–529.

[9] The Effect of Acquisitions on Target Firms’ Stakeholders, with Gunae Choi, Academy of Management Proceedings 2018(1) (August 2018), 17856.

[8] External Cost of Leverage Adjustment: Evidence from Defined Benefit Pension Plans, with Kihun Kim, Journal of Economics and Business 96 (March/April 2018), 1–14.

[7] Does AP Experience Affect Student Performance in Undergraduate Finance Courses? with Seung Hee Choi and Jacob Camins-Esakov, Journal of Financial Education 44 (Spring 2018), 34–59.

[6] Determinants of Acquirer-Target Distance in M&A, with Bumseok Chun, Managerial Finance 42 (February 2016), 95–117.

[5] Target CSR as a Signal in Acquisitions: Its Effect on Acquisition Premium, with Gunae Choi, Petra Christmann and Ajai Gaur, Academy of Management Proceedings 2015(1) (August 2015), 17621.

[4] The Relation between Information Asymmetry and Earnings Management: A Revisit Using Adjusted Trading Volume and Unexpected Core Earnings, with Pyung Kyung Kang, Korea International Accounting Review 61 (June 2015), 171–190.

[3] The Impact of Firm’s Excess Cash Holdings on the Relation between Information Asymmetry and Earnings Management, with Pyung Kyung Kang, Review of Accounting and Policy Studies 20 (April 2015), 203–227.

[2] The Impact of Cash Holdings and External Financing on Investment-Cash Flow Sensitivity, Review of Accounting and Finance 13 (July 2014), 251–273.

- Best Doctoral Student Paper in Corporate Finance, Southwestern Finance Association, 2011.

[1] Private Equity Alliances in Mergers, with Darius Palia, Journal of Empirical Finance 27 (June 2014), 10–20.

WORKING PAPERS AND WORKS IN PROGRESS 

[1] The Role of Institutional Investors in Monitoring Earnings Management, with Jangwook Lee (work in progress).

[2] Corporate Investment Decision and Shareholder Litigation Risk (work in progress).

[3] Heterogeneous Speed of Adjustment in Target Capital Structure, with Kose John and Darius Palia, SSRN (unpublished working paper).

BOOK CHAPTER

[1] Vertical Integration of CJ Entertainment, Case Studies for Management Strategy, edited by Sea-Jin Chang, Parkyoungsa, Seoul, 2003 (written in Korean).

PRESENTATIONS

[25] Kim, T., & Lee, P., “Product Market Threats and Tax Avoidance,” TCNJ Faculty Share Research Presentation, Ewing, NJ, February 2023.

[24] Kim, K., & Kim, T., “CEO Career Concerns and ESG Investments,” Financial Management Association Annual Meeting, Atlanta, GA, October 2022.

[23] Kim, K., & Kim, T., “CEO Career Concerns and ESG Investments,” CCPF-Sustainable Finance Special Theme Conference, Online Virtual Meeting, March 2022 (by co-author).

[22] Kim, T., & Lee, P., “Product Market Threats and Tax Avoidance,” Southern Finance Association Annual Meeting, Captiva Island, FL, November 2021.

[21] Fairhurst, D., Kim, T., Lee, P., & Nam, Y., “Product Market Threats and Leases,” Financial Management Association Annual Meeting, Denver, CO, October 2021 (by co-author).

[20] Fairhurst, D., Kim, T., Lee, P., & Nam, Y., “Product Market Threats, Adverse Shock, and Leases,” Southwestern Finance Association Annual Meeting, Online Virtual Meeting, March 2021 (by co-author).

[19] Kim, T., & Lee, P., “Product Market Threats and Tax Avoidance,” Southwestern Finance Association Annual Meeting, San Antonio, TX, March 2020 (by co-author).

[18] Kim, T., & Lee, P., “Product Market Threats and Tax Avoidance,” Financial Management Association Annual Meeting, New Orleans, LA, October 2019.

[17] Choi, G., & Kim, T., “The Effect of Acquisitions on Target Firms’ Stakeholders,” Southwestern Finance Association Annual Meeting, Houston, TX, March 2019.

[16] Choi, G., & Kim, T., “The Effect of Acquisitions on Target Firms’ Stakeholders,” Academy of Management Annual Meeting, Chicago, IL, August 2018 (by co-author).

[15] Choi, G., & Kim, T., “The Effect of Acquisitions on Target Firms’ Stakeholders,” Eastern Academy of Management Annual Meeting, Providence, RI, May 2018 (by co-author).

[14] Kang, P., & Kim, T., “Are Mergers and Acquisitions Beneficial for Financially Constrained Firms?” Southern Finance Association Annual Meeting, Key West, FL, November 2017.

[13] Kang, P., & Kim, T., “Are Mergers and Acquisitions Beneficial for Financially Constrained Firms?” TCNJ School of Business Research Colloquium, Ewing, NJ, April 2016.

[12] Kang, P., & Kim, T., “Is M&A Beneficial for Financially Constrained Firms?” Eastern Finance Association Annual Meeting, Baltimore, MD, April 2016.

[11] Choi, G., Christmann, P., Gaur, A., & Kim, T., “Target CSR as a Signal in Acquisitions: Its Effect on Acquisition Premium,” Strategic Management Society Annual Meeting, Denver, CO, October 2015 (by co-author).

[10] Choi, G., Christmann, P., Gaur, A., & Kim, T., “Target CSR as a Signal in Acquisitions: Its Effect on Acquisition Premium,” Academy of Management Annual Meeting, Vancouver, BC, Canada, August 2015 (by co-author).

[9] Choi, G., Christmann, P., Gaur, A., & Kim, T., “Target CSR as a Signal in Acquisitions: Its Effect on Acquisition Premium,” Annual ARCS Research Conference, Kellogg School of Management, Chicago, IL, May 2015 (by co-author).

[8] Kang, P., & Kim, T., “The Impact of Firm’s Excess Cash Holdings on the Relation between Information Asymmetry and Earnings Management,” Southwestern Finance Association Annual Meeting, Houston, TX, March 2015.

[7] Kim, T., & Chun, B., “Determinants of Acquirer-Target Distance in M&A,” Southwestern Finance Association Annual Meeting, Dallas, TX, March 2014.

[6] Kim, T., & Palia, D., “Private Equity Alliances in Mergers,” Twenty Years after Cadbury, Ten Years after Sarbanes-Oxley: Challenges of Corporate Governance, Bath, United Kingdom, June 2013 (by co-author).

[5] Kim, T., “The External Shock on the Speed of Adjustment towards Target Leverage: Evidence from DB Pension Plans,” Southern Finance Association Annual Meeting, Key West, FL, November 2011.

[4] Kim, T., “The External Shock on the Speed of Adjustment towards Target Leverage: Evidence from DB Pension Plans,” Financial Management Association Annual Meeting, Denver, CO, October 2011.

[3] Kim, T., “The Impact of Cash Holdings on Investment-Cash Flow Sensitivity,” Southwestern Finance Association Annual Meeting, Houston, TX, March 2011.

[2] Kim, T., & Palia, D., “The Impact of Bidder Alliances in Mergers,” Early Summer Research Presentation, Rutgers Business School, Newark, NJ, 2008.

[1] Kim, T., “Corporate Governance and Firm Performance,” Early Summer Research Presentation, Rutgers Business School, Newark, NJ, 2007.

TEACHING EXPERIANCE

The College of New Jersey

- Corporate Finance & Valuation (FING630), MBA: 2021, 2023 – current (taught in online and blended-option formats)

- Corporate Finance (FIN330), Undergraduate: 2020

- Introduction to Investments (FIN310), Undergraduate: 2015 – current (taught in online and offline formats)

- Working Capital Management (FIN320), Undergraduate: 2016 – current (taught in online and offline formats)

- Fundamental Financial Methods (FIN201), Undergraduate: 2022

- Financial Modeling (FIN360), Undergraduate: 2016

- Senior Thesis in Finance (FIN495), Undergraduate: 2017

- Independent Study in Finance (FIN391), Undergraduate: 2016 – 2020

- Statistical Analysis for Management (MGT235), Undergraduate: 2015 – 2016

- Internship (BUS399), Undergraduate: 2015 – 2022

Frostburg State University

- Corporate Finance (FINA370), Undergraduate: 2011 – 2015 (taught in both online and face-to-face formats)

- Financial Institutions Management (FINA375), Undergraduate: 2014

- Financial Management (FINA476), Undergraduate: 2013

- Financial Policy (FINA479), Undergraduate: 2013 – 2015 (finance major capstone course)

- Financial Management (FINA610), MBA: 2011 – 2012 (taught in both online and face-to-face formats)

Rutgers University

- Analysis of Fixed Income (29:390:468), Undergraduate: 2010

- Teaching assistant (2007 – 2010): Finance (Undergraduate), Advanced Topics in Finance (MBA)

SERVICE

Editorial Advisory Board Member

- Review of Accounting and Finance (2014 – current)

Ad-hoc Reviewer for Academic Journals

- Applied Economics, Asia-Pacific Journal of Financial Studies, Economic Analysis and Policy, Economic Modelling, European Journal of International Management, Finance Research Letters, The Financial Review, Global Business and Economics Review, Humanities and Social Sciences Communications, International Review of Economics and Finance, International Review of Financial Analysis, Journal of Business and Economic Studies, Journal of Business Economics and Management, Journal of Business Research, Journal of Empirical Finance, Journal of International Business Disciplines, Managerial and Decision Economics, Managerial Finance, Review of Accounting and Finance, Review of Managerial Science

Conference Annual Meeting Reviewer (Program Committee)

- Financial Management Association (2025), Southern Finance Association (2018), Strategic Management Society (2016)

Conference Discussant

- Eastern Finance Association (2016), Financial Management Association (2011, 2012, 2019), Southern Finance Association (2011, 2017, 2021), Southwestern Finance Association (2011, 2014, 2015, 2019)

Book Review

- Sports Finance and Management, Real Estate, Media, and the New Business of Sport (by Winfree et al.), Third Edition (2025)

The College of New Jersey

- Faculty Senate (2024 – current)

- Faculty Senate Awards Subcommittee (2024 – current)

- Global Engagement Council (2022 – current)

- Academic Advisor of TCNJ Baseball Team (2022 – current)

- Faculty Co-Advisor of TCNJ Korean Student Association (2018 – current)

- Athletics Academic Advisory Council (2018 – 2021); Chair (2019 – 2021)

School of Business, The College of New Jersey

- Graduate Business Working Group for Curricular Innovation (2024 – current)

- Assurance of Learning (AoL) Committee (2016 – current); Chair (2023 – current)

- BUS 400 Senior Exit Exam data statistical analysis, Assurance of Learning (2021 – current)

- Faculty Advisor of Delta Sigma Pi, Mu-Omega Chapter (2018 – 2024)

- Action Planning Committee (2020 – 2021)

- Judge for Johnson & Johnson Case Competition (2020, 2021)

- Faculty Development Committee (2019)

- School of Business Dean Search Committee (2018, 2019)

- MBA Program Director Search Committee (2018)

- Assessment for Assurance of Learning: Quantitative Analysis (MGT235; FIN430, 2016), Writing (2016, 2019, 2022),

  Oral Presentation (MGT499, 2018, 2021, 2024)

- Development of Course Syllabi for MBA Program Proposal (Investments, Business Analytics Practicum, 2017) 

- Dr. Neil Gaston Award Selection Committee (2016)

Department of Finance, The College of New Jersey

- Department Promotion and Reappointment Committee (2020 – current); Chair (2021 – 2024)

- Finance Faculty Search Committee (2019, 2021, 2024); Chair (2024)

- Revision of Department Disciplinary Standard for Tenure and Promotion (2023)

- Faculty supervisor of student field trip to NYSE (2022)

- Writing initial proposal draft of Financial Planning/Wealth Management Minor Track (2021)

- CFA Institute Scholarship Selection Committee (2017 – 2020)

- Department Library Liaison (2017 – current)

- Faculty Advisor for Bloomberg Trading Challenge Teams (2018, 2020)

- Development of Finance area questions for BUS 400 Senior Exit Exam, Assurance of Learning (2020)

- BUS 99 advising session for Finance majors (Spring 2018, Fall 2019, Fall 2020, Fall 2021, Fall 2022)

- Senior thesis advisor (2017 – current)

- Work with undergraduate research assistants: David Colby (2017), Ann-Kathrin Fritz (2018), Shwetha Suresh (2019), Andrew Kibalo (2023), Henry Mendez Paguada (2024), Salvatore Zotti (2025)

- Development of quantitative analysis problems/rubric (FIN majors) for Assurance of Learning (2015)

- Participation in Annual TCNJ Finance Forum (Apr 2016, Mar 2018)

- Faculty representative in Lions Day open house (Sep 2015, Sep 2016, Sep 2017, Sep 2018, Nov 2019, April 2021, Mar

  2023, Oct 2023, Nov 2024)

College of Business, Frostburg State University

- Graduate Policy Committee (2011 – 2015)

- Doctor of Business Administration Program Steering Committee (2013 – 2015)

- Assessment of Quantitative Analysis (FINA370) for Assurance of Learning (2011 – 2015)

- MATH106 Course Re-designing Committee (2011)

Department of Marketing and Finance, Frostburg State University

- Student Affairs Committee (2012 – 2015)

- Finance Faculty Search Committee (2012, 2014)

- Global Business Faculty Search Committee (2013)

- Development of Senior Exit Exam problems (2013)

- Program and Planning Committee (2011)

Community Service

- Expert Contributor, MoneyGeek.com (2021 – current), WalletHub.com (2023 – current)

- Lecture Series Data Assistant, The Korean Cultural Institute of Princeton (2017 – 2020)

- Judge for Story Telling Competition, Princeton Korean School (2017)

- Volunteer Math Teacher, Korean Church of Columbus (2004 – 2006)

Mentions on Media

- WalletHub.com Expert opinion: Credit Limit Guide: Everything You Need to Know in 2025 (Apr. 28, 2025)

- WalletHub.com Expert opinion: Best Car Insurance in New Jersey (Oct. 31, 2024)

- WalletHub.com Expert opinion: Unsecured Credit Cards (Apr. 25, 2024)

- WalletHub.com Expert opinion: 5 Cheapest Car Insurance Companies in the U.S. (2023)  (Aug, 18, 2023)

- WalletHub.com Expert opinion: Visa credit cards (Jan. 12, 2023)

- MoneyGeek.com Expert Advice: Factors That Influence the Cost of Auto Insurance (Nov. 3, 2021)

- TaxProf Blog: Weekly SSRN Tax Article Review and Roundup (Aug. 16, 2019) 

GRANTS AND AWARDS

- Sabbatical Award, The College of New Jersey, Fall 2025.

- SOSA (Support of Scholarly Activity) Awards (3 credit hours per year), The College of New Jersey, 2024 – 2026;

  2022 – 2024; 2020 – 2021; 2018 – 2020; 2016 – 2018

- SSRN 60-days Top Ten List Paper, 2012, 2013, 2019, 2021, 2022, 2024

- Outstanding Reviewer (Emerald Literati Awards), Review of Accounting and Finance, 2019

- Publication Award for Travel Funding ($2,769.23), Frostburg State University, 2014

- Best Doctoral Student Paper in Corporate Finance, Southwestern Finance Association, 2011

- University Scholarship for Academic Excellence, Korea University, 1995, 1999 – 2002

PROFESSIONAL AFFILIATIONS

American Finance Association, Financial Management Association, Eastern Finance Association, Southern Finance Association, Southwestern Finance Association, Beta Gamma Sigma, Delta Sigma Pi

COMPUTER SKILLS

Statistics and Data Analytics Tools: SAS, Stata, Python, R, Minitab, SPSS, and MS Excel data analysis tools

Others: Latex, HTML, Matlab, C++, MS Office software, Adobe Photoshop