Selected Publications (Published or Accepted)
Selected Publications (Published or Accepted)
Sitting Bucks: Stale Pricing in Fixed Income Funds [Link],
with Jaewon Choi and Mathias Kronlund, 2022. Journal of Financial Economics 145, 296-317.
Conferences: 2020 SEC Conference on Financial Market Regulation, 2020 EFA, 2020 WFA, 2019 AIM Investment Conference, 2019 University of Connecticut Academic Finance Conference, 2019 World Symposium on Investment Research, 2019 Kentucky Finance Conference, 2019 European Winter Finance Summit, 2019 MFA, 2018 Conference on Asia-Pacific Financial Markets (CAFM).
Institutional Investor Heterogeneity and Market Price Dynamics: Evidence from Investment Horizon and Portfolio Concentration [Link], with Donghan Kim, Hyun-Dong Kim, and Denis Yongmin Joe, 2021. Journal of Financial Markets 54, 100604.
Ambiguity Aversion, Funding Liquidity, and Liquidation Dynamics [Link], 2014. Journal of Financial Markets 18, 49-76.
Mutual Fund Flows and the Supply of Capital in Municipal Financing [SSRN Link],
with Manuel Adelino, Sophia Chiyoung Cheong, and Jaewon Choi.
NBER Working Paper w30980. Revise and Resubmit, Review of Financial Studies.
Conferences: 2023 Global AI Finance Research Conference, 2023 MFA, 2023 NYU/Penn Conference on Law and Finance, 2023 AFA, 2022 Paris December, 2022 SFS Cavalcade Asia-Pacific, 2022 CAFM, 2022 Brookings Municipal Finance Conference, 2022 Asian FA, 2022 APAD, 2022 AIM Investment Conference at UT Austin.
Bond Funds and Credit Risk [SSRN Link], with Jaewon Choi and Amil Dasgupta. Revise and Resubmit, Journal of Financial Economics.
CEPR Discussion Paper No. DP 14134, ECGI-Finance Working Paper No. 639/2019.
Conferences: 2022 LSE Paul Woolley Conference, 2022 AFA, 2020 FMA, 2020 Canadian Derivatives Institute Annual Conference, 2020 APAD, 2019 CAFM.
Does Foreign Institutional Capital Promote Green Growth for Emerging Market Firms? [SSRN Link],
with Jaewon Choi, Sophia Chiyoung Cheong, and Sangeun Ha.
Winner of the Best Paper Award, 2023 Cornell ESG Investing Research Conference
Conferences: 2025 FRB San Francisco Day Ahead Conference, 2024 Symposium on ESG Research-NCCU; 2024 CEBRA, 2024 CICF, 2024 SFS Cavalcade North America, 2024 FMA Applied Finance, 2023 Conference on CSR, the Economy, and Financial Markets, 2023 ECB Emerging Markets Group Workshop, 2023 EEA, 2023 FMA, 2023 ISB Summer Research Conference, 2023 Cornell ESG Investing Research Conference, 2023 APAD, 2023 AFFI, 2023 KFA-TFA Joint Conference, 2022 Global AI Finance Research Conference.
Silent Swing: Do Open-End Funds Tilt Holdings Valuations in Response to Flows? [SSRN Link],
with Jaewon Choi and Mathias Kronlund.
Conferences: 2025 MFA (scheduled), 2024 SFS Cavalcade Asia-Pacific, 2024 CAFM, 2024 NFA, 2024 Berlin Conference on Recent Advances in Mutual Fund and Hedge Fund Research, 2024 ICI Summer Research Workshop.
The Information Value of Corporate Social Responsibility [SSRN Link],
with Kose John and Jongsub Lee.
Covered in the Harvard Law School Forum on Corporate Governance.
Conferences: 2020 CAFM, 2019 Paris December, 2019 HKU-CBI Conference on Green Bonds and ESG, 2019 AFE-ASSA.
Shinhan Investment Corp. Outstanding Paper Award Winner, 2020 CAFM.
(* denotes papers written with current or former PhD students)
Crowd-Sourced CEO Approval and Turnover, with Sea-Jin Chang and Kwangwoo Park, 2024. International Review of Financial Analysis 96, 103587.
(*) Who Should Choose the Money Managers? Institutional Sponsors' Equity Manager Performance, with Min-Yeon Han, Sang-Gyung Jun, and Hyoung-Goo Kang, 2023. Pacific-Basin Finance Journal 78, 101974.
(*) Beta or Duration? Risk-Taking by Balanced Mutual Funds in Korea, with Keun Woo Park and Min Yeon Han, 2020. Finance Research Letters 33, 101229.
(*) Foreigners at the Gate? Foreign Investor Trading and the Disposition Effect of Domestic Individual Investors, with Keun Woo Park and Seong Hoon Jeong, 2019. North American Journal of Economics and Finance 49, 165-180.
(*) Investor Behavior Around Monetary Policy Announcements: Evidence from the Korean Stock Market, with Keun Woo Park and Dahae Hong, 2019. Finance Research Letters 28, 355-362.