Research

• Research Interests

Institutional Investors, Corporate Governance, M&A, ESG, Capital Structure,  Asian Financial Markets

• Selected Publication

1. Chung, CY; Kim, I; Yang, R; "Are Environmentally Sensitive Firms More Likely to Release Corporate Environmental Disclosures? Evidence From Environmental Risk Management", BUSINESS STRATEGY AND THE ENVIRONMENT, vol.34, no.3, pp.3338~3359, 2025.01; DOI(http://dx.doi.org/10.1002/bse.4158) 

2. Chung, C.Y., Iftekhar, H., Hwang, J.H., Kim, I., "The Effects of Antitrust Laws on Horizontal Mergers: International Evidence", JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS , vol. 59, 2024.12.; DOI(https://doi.org/10.1017/S0022109023000467)

3. Chung, C.Y., Fard, A., "Do Board-Level Employee Representatives Increase Pay Equity in Firms?", CORPORATE GOVERNANCE: AN INTERNATIONAL REVIEW, vol. 32, 2024.11.; DOI(https://doi.org/10.1111/corg.12608)

4. Chung, C.Y., Choi, C., "The effect of shale gas booms on environmental CSR activity", INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, vol. 95, 2024.10.; DOI(https://doi.org/10.1016/j.irfa.2024.103400)

5. Chung, C.Y., Joo, S.H., Kang, S.K., "Bond-Blockholders and Corporate Acquisitions", CORPORATE GOVERNANCE: AN INTERNATIONAL REVIEW, vol.32, 2024.05; DOI(http://dx.doi.org/10.1111/corg.12546)

6. Chung, C.Y.; Hur, S.K.; Wang, K., "A perfect storm in the financial market", JOURNAL OF FINANCIAL STABILITY, vol.61, 2022.08; DOI(http://dx.doi.org/10.1016/j.jfs.2022.101034) 

7. Chung, C.Y., Kim, H., Wang, K., "Do domestic or foreign institutional investors matter? The case of firm information asymmetry in Korea", PACIFIC BASIN FINANCE JOURNAL, vol.72, 2022.04; DOI(http://dx.doi.org/10.1016/j.pacfin.2022.101727) 

8. Chung, C.Y., Liu, C., Wang, K., "The big picture: The industry effect of short interest", INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, vol.76, 2021; DOI(http://dx.doi.org/10.1016/j.irfa.2021.101760)

9. Chung, C.Y., Sul, H.K., Wang, K., "A tale of two forms of proximity: Geography and market", JOURNAL OF BUSINESS RESEARCH, vol.122, pp.14~23, 2021.01; DOI(http://dx.doi.org/10.1016/j.jbusres.2020.08.060) 

10. Chung, C.Y., Hur, S.K., Kim, S.B., "Overnight block trades in the Korean stock market", ACCOUNTING AND FINANCE, vol.60, no.3, pp.2231~2261, 2020.09; DOI(http://dx.doi.org/10.1111/acfi.12467) 

11. Chung, C.Y., Kim, I., Rabarison, M.K., To ,T.Y., Wu, E., "Shareholder litigation rights and corporate acquisitions", JOURNAL OF CORPORATE FINANCE, vol.62, 2020.05; DOI(http://dx.doi.org/10.1016/j.jcorpfin.2020.101599)

12. Chung, C.Y., DeVault, L., Wang, K., "Perceived information, short interest, and institutional demand", JOURNAL OF EMPIRICAL FINANCE, vol.54, pp.22~38, 2019.12; DOI(http://dx.doi.org/10.1016/j.jempfin.2019.08.006)

13. Choi, P.M.S., Chung, C.Y., Hwang, J.H., Liu, C., "Heads I win, tails you lose: Institutional monitoring of executive pay rigidity", JOURNAL OF FINANCIAL RESEARCH, vol.42, no.4, pp.789~816, 2019.12; DOI(http://dx.doi.org/10.1111/jfir.12196)

14. Kang, S., Chung, C.Y., Kim, D.S., "The effect of institutional blockholders' short-termism on firm innovation: Evidence from the Korean market", PACIFIC BASIN FINANCE JOURNAL, vol.57, 2019.10; DOI(http://dx.doi.org/10.1016/j.pacfin.2019.101188)

15. Chung, C.Y., Liu, C., Paul, D.L., "Do firms seek a target board structure? Evidence from the post-SOX period", JOURNAL OF FINANCIAL RESEARCH, vol.42, no.2, pp.361~381, 2019.07; DOI(http://dx.doi.org/10.1111/jfir.12173)

16. Chung, C.Y., Sul, H.K., Wang, K., "When Short Sellers and Corporate Insiders Agree on Stock Pricing", JOURNAL OF PORTFOLIO MANAGEMENT, vol.45, no.4, pp.129~142, 2019.04; DOI(http://dx.doi.org/10.3905/jpm.2019.1.084)

17. Chung, C.Y., Ryu, D., Wang, K.N., Zykaj, B.B., "Optionable Stocks and Mutual Fund Performance", JOURNAL OF FUTURES MARKETS, vol.38, no.3, pp.390~412, 2018.03; DOI(http://dx.doi.org/10.1002/fut.21844)

18. Liu, C., Chung, C.Y., Sul, H.K., Wang, K.N., "Does hometown advantage matter? The case of institutional blockholder monitoring on earnings management in Korea", JOURNAL OF INTERNATIONAL BUSINESS STUDIES, vol.49, no.2, pp.196~221, 2018.02; DOI(http://dx.doi.org/10.1057/s41267-017-0093-9)

19. Chung, C.Y., Hur, S.K., Wang, K.N., "Strategic merger decisions across business cycles: Evidence from bidders' time-varying appetite for operating leverage", INTERNATIONAL REVIEW OF ECONOMICS AND FINANCE, vol.47, pp.143~158, 2017.01; DOI(http://dx.doi.org/10.1016/j.iref.2016.10.010)

20. Chung, C.Y., Liu, C., Wang, K.N., Zykaj, B.B., "Institutional Monitoring: Evidence from the F-Score", JOURNAL OF BUSINESS FINANCE & ACCOUNTING, vol.42, no.7-8, pp.885~914, 2015.09; DOI(http://dx.doi.org/10.1111/jbfa.12123)