LEE, Dong Wook

Professor of Finance

Korea University Business School

donglee [at] korea.ac.kr

CV (English); CV (Korea)

link to school homepage



EDUCATION

PhD    Fisher College of Business, The Ohio State University, Columbus, OH, USA. 2003


MBA   College of Business Administration, Seoul National University, Seoul, Korea. 1996


BBA    College of Business Administration, Seoul National University, Seoul, Korea. 1994



ACADEMIC APPOINTMENTS

Professor of Finance

    Korea University Business School, Seoul, Korea. Sep.2014-present


Visiting Scholar

    University of Michigan (Ross), Ann Arbor, MI, USA. Dec.2019-Jul.2021/Nov.2023-present

    The Ohio State University (Fisher), Columbus, OH, USA. Jul.2012-Aug.2013/Aug.2015-Feb.2016


Associate Professor of Finance

    Korea University Business School, Seoul, Korea. Sep.2009-Aug.2014


Assistant Professor of Finance

    Korea University Business School, Seoul, Korea. Sep.2006-Aug.2009


Assistant Professor of Finance

    University of Kentucky, Lexington, KY, USA. Aug.2003-Jun.2006



OTHER APPOINTMENTS

Commissioner 

    Securities and Futures Commission (Korean government), Sep.2022-present


Vice President 

    Korean Finance Association, Jan.2023-present


Associate Editor (Editor-in-Chief, starting Jan 2024)

    Asian Review of Financial Research, Jan.2020-present


Director

    Asian Finance Association, Jun.2023-present


Editor in Chief

    Korean Journal of Financial Studies, Mar.2021-May 2022



PUBLICATIONS

Can swap basis predict foreign exchange rate? Evidence from Korea 

    (with Eun-young Shin)

    Asian Review of Financial Research, May 2022


The role of second-tier exchange in corporate valuation: Evidence from Korea 

    (with Hee Jung Choi)

    Asia-Pacific Journal of Financial Studies, December 2021


Why does equity capital flow out of high Tobin’s q industries? 

    (with Han Shin and René Stulz)

    Review of Financial Studies, April 2021


Dollar-weighted return on aggregate corporate sector: How is it distributed across countries? 

    (with Lingxia Sun)

    Pacific-Basin Finance Journal, October 2019 


Does the SME exchange properly function as a “growth market”? A Look through its correlation with private-firm growth

    Korean Journal of Financial Studies, August 2019 


Factor exposures of foreign equity capital in a domestic stock market: Evidence from Korea 

    (with Lingxia Sun)

    International Review of Finance, December 2017 


Stock return commonality within business group: Fundamentals or sentiment? 

    (with Min-su Kim and Woojin Kim)

    Pacific-Basin Finance Journal, 2015


The role of trading volume in the "volatility puzzle"

    Asia-Pacific Journal of Financial Studies, 2015


Takeover vulnerability and the behavior of short-term stock returns 

    (with Joon Chae and Shu Feng Wang)

    Journal of Corporate Finance, 2013


Short selling by individual investors: Destabilizing or price discovering? 

    (with Chan Shik Jung and Woojin Kim)

    Pacific-Basin Finance Journal, 2013


The role of the temporary component in spot prices in the revision of expected future spot prices: Evidence from index futures quotes 

    (with Hyung Cheol Kang, Eun Jung Lee, and Kyung Suh Park)

    Journal of Futures Markets, 2012


Does more information in stock price lead to higher or lower firm-specific return variation? 

    (with Mark Liu)

    Journal of Banking and Finance, 2011


Does the difference in valuation between domestic and foreign investors help explain their distinct holdings of domestic stocks? 

    (with Hyung Cheol Kang and Kyung Suh Park) 

    Journal of Banking and Finance, 2010


Does institutional activism increase shareholder wealth?: Evidence from spillovers on non-target companies 

    (with Kyung Suh Park)

    Journal of Corporate Finance, 2009


REIT capital budgeting and equity marginal q 

    (with Brent Ambrose)

    Real Estate Economics, 2009


Can investor heterogeneity be used to explain the cross-section of average stock returns in emerging markets? 

    (with Chan Shik Jung and Kyung Suh Park)

    Journal of International Money and Finance, 2009


How do employees view their underwater stock options?: Evidence from the stock option exchange program

    Journal of Financial Services Research, 2009


Do corporate managers manipulate the stock price to have a lower exercise price for their stock options?: Some evidence from the U.S. stock market

    재무연구, 2007


Comovement after joining an index: Spillovers of nonfundamental effect 

    (with Brent Ambrose and Joe Peek)

    Real Estate Economics, 2007


U.S. banks, crises, and bailouts: From Mexico to LTCM 

    (with Bong-Chan Kho and René Stulz)

    American Economic Review Papers and Proceedings, 2000 



WORKING PAPERS

Small and large firms across legal origins 

    (with Lingxia Sun)


What Explains Cross-Country Difference in Corporate Valuations? Growth Opportunities or Profitability? 

    (with Lingxia Sun)



WORK IN PROGRESS

"Chineseness" in U.S.-listed Chinese stock symbols

    (with Ok Joo Lee)