Donghun Kim

Welcome to my website. I am Assistant Professor of Finance at Georgia College & State University.

My research specialization is empirical corporate finance. My recent paper, titled 'Information Asymmetry and Debt Structure: Evidence from Bond IPO', investigates the impact of initial corporate debt offerings on firms’ debt structure. This paper supports the idea that the information disclosed through a bond IPO alleviates creditor coordination failure, enhances the firm’s liquidation value, reduces the need for stringent monitoring, and ultimately fosters a more diversified debt structure. 

Teaching is a significant part of my life. My teaching goal is to prepare students to confidently address job interview questions by applying financial concepts. I prioritize demonstrating how finance concepts apply to real-world problems and highlighting the career opportunities available to students with a finance degree. This approach has proven effective in making me a great instructor, as evidenced by my average teaching evaluation score of 4.1 out of 5.0.

Professional Experience is another strength of mine. With six years of professional experience as a corporate finance manager, I specialize in project financing for international infrastructure construction. My expertise in financing structures, global financial institutions, and networks empowers me to achieve better research and teaching performance. 

I deeply appreciate the time you have spent visiting my website. Please feel free to reach out to me anytime if you are more interested. 

Research

Research Interests: Empirical Corporate Finance, Debt Contracts, Climate Finance, Information Asymmetry

Working Papers:

1. Information Asymmetry and Debt Structure: Evidence from Bond IPO (with Eunpyo Hong and Jin-Gil Jeong)

• Accepted at FMA 2025, presented at Global Finance Association 2025.

2. Natural Disasters, Covenant Violations, Bank Loans

• Presented at FMA 2024, George Washington Univ., Georgia College & State Univ.

3. Overvaluation, Diminishing Profitability, and Acquisitions (with Jiyoon Lee and Micah S. Officer)

• Presented at FMA 2023, EFA 2022, George Washington Univ., Yonsei Univ. 

4. Propagation of Shareholder Conflicts to Shareholder-Creditor Conflicts

5. Purchase Obligations and Supply Chains (with Şenay Ağca, Jiyoon Lee, and Jing Wu)

More on Donghun's Research

Experience

1. Georgia College & State University, Milledgeville, GA

• Assistant Professor of Finance, 2024-Present

• FINC 3131 Business Finance I, FINC 3132 Business Finance II, ECON/FINC3820 Money & Banking

• FINC xxxx Python for Finance (scheduled for Spring 2026)

2. George Washington University, Washington, DC

• Part-time Lecturer of Finance, 2022-2024

• BADM 3501 Financial Management and Markets

3. SK ecoplant Co., Ltd. (formerly SK Engineering & Construction Co., Ltd.), Seoul, Korea

• Project Financing specialist of Infrastructure Public-Private Partnership projects, 2012-2018

• In-house Foreign Exchange Trader to hedge foreign currency cash-flow exposure, 2012-2014

More on Donghun's Experience