Research 

Publications

1. The Predictability Implied by Consumption-Based Asset Pricing Models: A Review of the Theory and Empirical Evidence (with Jiun-Lin (Alex) Chen). 2018. Journal of Risk Model Validation 12(2), 103-128. (doi.org/10.21314/JRMV.2018.190)

2. Informed Trading of Mutual Funds: Evidence from Fund-Underwriter Relationships. 2019. Financial Management 48(1), 311-338. (doi.org/10.1111/fima.12230)

3. Business Cycle, Expected Return and Momentum Payoffs (with Jiun-Lin (Alex) Chen). 2019. Finance Research Letters 29, 83-89. (doi.org/10.1016/j.frl.2019.03.021)

4. The Blind Power: Power-Driven CEO Overconfidence and M&A Decision-Making (with Hyun-Dong Kim and Taeyeon Kim). 2020. North American Journal of Economics and Finance 52. 101141. (doi.org/10.1016/j.najef.2019.101141)

5. Changes in Trading Behavior of Analyst-Affiliated Institutions: The Impact of the Global Settlement. 2021. Financial Markets, Institutions & Instruments 30(3), 65-83. (doi.org/10.1111/fmii.12142)

6. The Real Effects of Local Mutual Funds: Evidence from Corporate Innovation. 2023. International Review of Finance 23(2), 272-300. ( doi.org/10.1111/irfi.12398 )

7. Do Local Investors Know More? Evidence from Securities Class Actions (with Hyun-Dong Kim and Taeyeon Kim). 2023. Journal of Banking & Finance 156. (doi.org/10.1016/j.jbankfin.2023.107008)

8. Informed Trading of Sell-Side Analysts: Evidence from Class Action Lawsuits. 2024. Journal of Economic Analysis 3(3), 86–105. (doi.org/10.58567/jea03030005)

9. Market Sentiment and SPACs (with Yom Bui). 2024. Applied Economics Letters, 1-6. (doi.org/10.1080/13504851.2023.2301479)

10. The Effects of Local Shareholders on Firm Performance: Evidence from Corporate Social Responsibility (with Hyun Gon Kim). 2024.  Applied Finance Letters 13, 128-143. (doi.org/10.24135/afl.v13i.718) 

Working Papers

1. Does Litigation Contingency Disclosure in Corporate Filings Matter? Evidence from Securities Class Action Lawsuits (with Zhanel DeVides) - R&R

2.  The Spillover Effects of Underwriting Relationships on Firm Value (with Vikram Nanda)

3. Local Mutual Funds, Corporate Community Investment, and Shareholder Value (with Hyun Gon Kim and Jung Yeun Kim) - R&R

4. Investor Reactions to Corporate Crypto-Asset Disclosures (with Jidong Zhang) - Under Review

5.  Does corporate board diversity impact disaster preparedness? An empirical investigation of corporate reactions to Covid-19 (with Hyun Gon Kim and Jong Min Lee) - Under Review

Teaching

• Investments

• Financial Markets and Institutions

• Principles of Finance