Research (Doojin Ryu)

Research (Doojin Ryu)

(doojin.ryu@gmail.com; sharpjin@skku.edu)

Summary

•Published 270 papers in Social Sciences Citation Index (SSCI) journals

•(Business/Finance) Ranked 4th (2018), 4th (2019), 9th (2020), 14th (2021) in the world (Journal Citation Reports - Clarivate Analytics)

•Editor, Subject Editor, and Editorial Board Member of high-ranking SSCI journals.

•Winner, 1st Elsevier Researcher Award

•ORCiD: https://orcid.org/0000-0002-0059-4887

•Scopus: https://www.scopus.com/authid/detail.uri?authorId=35280774000

•Web of Science: https://www.webofscience.com/wos/author/record/AAZ-3318-2020

Editorial Board

•2015-Present Editor, Investment Analysts Journal (SSCI; IF=2.2)

•2014-Present Subject Editor, Emerging Markets Review (SSCI; IF=4.6; Q1)

•2015-Present Subject Editor, Journal of Multinational Financial Management (SSCI; IF=4.0; Q1)

•2019-Present Editorial Board, Journal of Futures Markets (SSCI; IF=2.3)

•2019-Present Editorial Review Board, Asian Business & Management (SSCI; IF=2.8)

•2021-Present Editorial Board, Borsa Istanbul Review (SSCI; IF=7.1; Q1)

•2019-2022 Subject Editor, Emerging Markets Finance and Trade (SSCI)

Journal Publication Metric (© 2025 Clarivate Analytics)

FT Top 50 Journals

 Journal of Business Ethics (IF=6.7)

 Management Science (IF=4.9)

Business/Finance (SSCI)

 International Review of Financial Analysis (IF=9.8; Q1)

 Finance Research Letters (IF=6.9; Q1)

 Financial Innovation (IF=7.2; Q1)

 Research in International Business and Finance (IF=6.9; Q1)

 Global Finance Journal (IF=5.5; Q1)

 Journal of International Financial Markets, Institutions and Money (IF=6.1; Q1)

 International Review of Economics and Finance (IF=5.6; Q1)

 Pacific-Basin Finance Journal (IF=5.3; Q1)

 North American Journal of Economics and Finance (IF=3.9; Q1)

 Journal of Banking and Finance (IF=3.8; Q1)

 ABACUS (IF=2.3)

 European Journal of Finance (IF=2.3)

 European Financial Management (IF=3.1)

 Journal of Empirical Finance (IF=2.4)

 Quantitative Finance (IF=1.4)

 Journal of Derivatives (IF=0.5)

Economics (SSCI)

 Energy Economics (IF=14.2; Q1)

 Journal of International Money and Finance (IF=3.3; Q1)

 Economic Systems (IF=3.3; Q1)

 Quarterly Review of Economics and Finance (IF=3.1; Q1)

 Journal of Forecasting (IF=2.7; Q1)

 Journal of Business Economics and Management (IF=2.7; Q1)

 Economics Letters (IF=1.8)

 Computational Economics (IF=2.2)

 Journal of Financial Econometrics (IF=2.2)

 Journal of Real Estate Finance and Economics (IF=1.8)

 Manchester School (IF=1.1)

Environmental Studies (SSCI)

 Environmental Impact Assessment Review (IF=11.2; Q1)

 Energy & Environment (IF=4.0)

Interdisciplinary (SCIE)

 Energy (IF=9.4)

 Physica A (IF=3.1)

Publication (SSCI)

[270] (Accepted). How stringent climate policies influence carbon intensity and profitability: Insights from the Chinese market. Economics (SSCI),

[269] (Accepted). Does local corruption influence corporate risk-taking? Evidence from Vietnam’s anti-corruption campaigns. Eurasian Business Review (SSCI), Corresponding

[268] (Accepted). Asymmetric information and valuation frictions in continuation funds. Finance Research Letters (SSCI), Corresponding

[267] (Accepted). Borrowing constraints and marginal propensity to consume: Role of negative wealth constraint. Finance Research Letters (SSCI), Corresponding

[266] Ahn, B., Ryu, D., Webb, R.I. (Online). Fundamental and behavioural herding across market regimes. Applied Economics (SSCI), Corresponding

[265] Kang, Y., Ryu, D., Webb, R.I. (Online). Uncertainty indicators as key predictors of oil volatility: An interpretable machine learning approach. Computational Economics (SSCI), Corresponding

[264] Lee, G., Ryu, D. (Online). Overnight reversals of implied higher moments and their put-call spreads. Journal of Futures Markets (SSCI), Corresponding

[263] Kim, H., Ryu, D., Webb, R.I. (Online). State-dependent hedging in pairs trading during volatile periods. European Financial Management (SSCI), Corresponding 

[262] Nam, H.-J., Ryu, D. (Online). Two dimensions of financial openness: Gross and net effects on financial development in the European Union. European Financial Management (SSCI), Corresponding

[261] You, W., Ryu, D., Webb, R.I. (Online). Retail investors and herding behaviour in the Korean market. Applied Economics (SSCI), Corresponding

[260] Jahan, F., Ryu, D. (Online). Corporate cash holdings under geopolitical risk: Global versus localized effects. Eurasian Business Review (SSCI), Corresponding 

[259] Jahan, F., Ryu, D. (Online). Geopolitical risk, proximity, and corporate cash holdings: Evidence from Korea. Borsa Istanbul Review (SSCI), 100788, Corresponding

[258] Kang, S.K., Bilgin, M.H., Ryu, D., Kim, H. (Online). Gender gap in CEO compensation after the global financial crisis. Eurasian Business Review (SSCI), Corresponding

[257] Kang, H., Kang, Y., Ryu, D., & Webb, R.I. (Online). Bitcoin forecasting with machine learning and on-chain information. Investment Analysts Journal (SSCI), Corresponding

[256] Song, J., Ahn, B., Ryu, D. (Online). Affine term structure estimation and policy announcement effects in Korea. Investment Analysts Journal (SSCI), Corresponding

[255] Kim, K., Batten, J.A., Ryu, D. (2026). Does sentiment influence corporate innovation investment?. Emerging Markets Review (SSCI), 72 (Jun.), 101431, Corresponding.

[254] Jahan, F., Ryu, D. (2026). Geopolitical risk and external debt burden in low-income countries. Finance Research Letters (SSCI), 94 (Apr.), 109646, Corresponding.

[253] Jo, J., Ryu, D. (2026). Do GPs truly present fair value? The case of continuation funds. Journal of International Financial Markets, Institutions and Money (SSCI), 107 (Mar.), 102265, Corresponding.

[252] Kim, H., Ryu, D. (2026). Investor disagreement and short-squeeze risk. Finance Research Letters (SSCI), 91 (Mar.), 109409, Corresponding. 

[251] Nam, H.-J., Bilgin, M.H., Ryu, D. (2026). Do financial liberalization and gender inequality moderate trade liberalization's impact on growth in European transition economies?. Eastern European Economics (SSCI), 64:1 (Feb.), Corresponding.

[250] Lee, G., Ryu, D. (2026). State-dependent relationship between cryptocurrency returns and credit spreads. European Financial Management (SSCI), 32:1 (Jan.), 261-287, Corresponding.

[249] Lee, G., Chen, J., Ryu, D. (2026). Effectiveness of domain stabilization: A broader perspective. International Review of Economics and Finance (SSCI), 105 (Jan.), 104799, Corresponding.

[248] Kang, H., Ryu, D. (2026). Sentiment, uncertainty, and bond return predictability. Quarterly Review of Economics and Finance (SSCI), 105 (Jan.), 102083, Corresponding.

[247] Kang, H.-G., Bilgin, M.H., Park, K., Ryu, D. (2026). Jeonse-as-a-sukuk: Why is Korea a hidden champion of Islamic finance?. Borsa Istanbul Review (SSCI), 26:1 (Jan.), 100767, Corresponding.

[246] Min, D., Ryu, D. (2025). Price discrimination, two-part tariff, and hold-up. Manchester School (SSCI), 93:6 (Dec.), 558-568, Corresponding.

[245] Wu, X., Kang, H.-G., Ryu, D. (2025). Green finance reform and reshaping firm-banking relationships: Evidence from China. Global Finance Journal (SSCI), 68 (Dec.), 101200, Corresponding.

[244] Son, J., Ryu, D. (2025). Energy price shocks and stock market volatility in an energy-importing country. Energy & Environment (SSCI), 36:8 (Dec.), 3737-3769, Corresponding.

[243] You, W., Kang, H., Ryu, D. (2025). How do climate and market uncertainties affect ESG performance?. Finance Research Letters (SSCI), 86:Part G (Dec.), 108794, Corresponding.

[242] Kim, H., Ryu, D. (2025). Decomposing momentum: Fundamentals versus persistent mispricing. Finance Research Letters (SSCI), 86:Part F (Dec.), 108752, Corresponding.

[241] Shakri, I.H., Chung, C.Y., Ryu, D. (2025). Between the lines: Co-opted boards and accounting controversies. Applied Economics Letters (SSCI), 32:20 (Dec.), 2885-2890, Corresponding.

[240] Kang, D., Ryu, D., Webb, R.I. (2025). Momentum and reversal effects in the Korean stock market. Investment Analysts Journal (SSCI), 54:4 (Dec.), 611-627, Corresponding.

[239] Kim, S., Paik, S., Ryu, D. (2025). Military alliances, geopolitical risks, and international energy trade. Energy Economics (SSCI), 151 (Nov.), 108898, Corresponding.

[238] Kang, Y., Ryu, D., Webb, R.I. (2025). How well do machine learning models in finance work?. Financial Innovation (SSCI), 11 (Nov.), 128, Corresponding.

[237] Kim, H., Ryu, D. (2025). Short squeeze risk and price impact. Finance Research Letters (SSCI), 85:Part D (Nov.), 108147, Corresponding.

[236] Oh, S., Kim, S., Ryu, D. (2025). Sequential game of an emissions trading scheme. Energy Economics (SSCI), 150 (Oct.), 108824, Corresponding.

[235] Shakri, I.H., Chung, C.Y., Ryu, D. (2025). Do board networks fuel ESG controversies?. Finance Research Letters (SSCI), 83 (Oct.), 107641, Corresponding.

[234] Chae, J., Cho, H., Kim, H., Ryu, D. (2025). Ripple effect and predictive power of housing market returns: Evidence from the Gangnam area. Journal of Housing and the Built Environment (SSCI), 40 (Sep.), 1189-1224, Corresponding.   

[233] Nam, H.-J., Batten, J.A., Ryu, D. (2025). Digital trade and financial development in European transition economies. European Financial Management (SSCI), 31:4 (Sep.), 1472-1488, Corresponding.  

[232] Nam, H.-J., Ryu, D., Szilagyi, P.G. (2025). Technological progress and carbon emissions: Evidence from the European Union. Global Finance Journal (SSCI), 67 (Sep.), 101156, Corresponding.

[231] Bang, J., Kang, H., Ryu, D. (2025). ESG, firm image, and explanatory power for stock returns. Applied Economics Letters (SSCI), 32:16 (Sep.), 2315-2321, Corresponding.

[230] Kim, Y., Park, Y.K., Ryu, D. (2025). Climate policy uncertainty and corporate environmental risk-taking. Finance Research Letters (SSCI), 82 (Sep.), 107555, Corresponding.

[229] Pham, D.T.N., Chung, C.Y., Ryu, D. (2025). Contagion from crypto exchange hacks: Wealth effect or portfolio rebalancing?. Investment Analysts Journal (SSCI), 54:3 (Sep.), 488-507, Corresponding.

[228] Kang, Y., Ryu, D. (2025). Forecasting housing price indices with macroeconomic variables: Evidence from Seoul’s 25 districts. Romanian Journal of Economic Forecasting (SSCI), 28:3 (Sep.), 164-177, Corresponding.

[227] Kim, J., Cho, H., Ryu, D. (2025). Does risk aversion predict the future real economy?. Journal of International Money and Finance (SSCI), 157 (Aug.), 103392, Corresponding.

[226] You, W., Ryu, D., Webb, R.I., Zhou, Q. (2025). Harnessing market mechanisms for greenhouse gas reduction: A comprehensive review. Environmental Impact Assessment Review (SSCI), 115 (Aug.), 107974, Corresponding.

[225] Ryu, D., Ryu, D., Yang, H. (2025). Investor sentiment, mispricing, and limited arbitrage in the futures market. Journal of Futures Markets (SSCI), 45:8 (Aug.), 879-895, Corresponding.

[224] Lee, G., Ryu, D., Yang, L. (2025). Does domain symmetry affect the estimation of implied skewness?. Journal of Derivatives (SSCI), 32:4 (Summer), 142-163, Corresponding.

[223] Kim, T.-Y., Park, E., Ryu, D. (2025). Determinants of housing rental prices in Seoul: Applying explainable AI. Spatial Economic Analysis (SSCI), 20:2 (Jun.), 312-332, Corresponding.

[222] Lee, G., Ryu, D. (2025). Fear of missing out and cryptocurrency miners: Evidence from Dogecoin and Litecoin. Journal of Behavioral and Experimental Finance (SSCI), 46 (Jun.), 101059, Corresponding.

[221] Kim, K., Batten, J.A., Ryu, D. (2025). Sentiment-return relation and stock price synchronicity: Firm-level versus market-level sentiment. Quarterly Review of Economics and Finance (SSCI), 102 (Jun.), 102007, Corresponding.

[220] Kang, H.-G., Ryu, D. (2025). A complementary valuation model and exit multiples. Finance Research Letters (SSCI), 79 (Jun.), 107182, Corresponding.  

[219] Ryu, D., Ryu, D., Yang, H. (2025). Investigating the link between ESG activities and dividend policies. Investment Analysts Journal (SSCI), 54:2 (Jun.), 299-317, First.

[218] You, W., Müller-Merbach, J., Ryu, D. (2025). Corporate social responsibility and firm performance: Evidence from Korea. Investment Analysts Journal (SSCI), 54:2 (Jun.), 234-252, Corresponding.

[217] Kim, A., Ryu, D., Webb, A. (2025). Forecasting oil futures markets using machine learning and seasonal trend decomposition. Investment Analysts Journal (SSCI), 54:2 (Jun.), 205-218, Corresponding.

[216] Kang, H.-G., Ryu, D. (2025). Rethinking MM2: Tax shields and equity valuation. Finance Research Letters (SSCI), 78 (May), 107130, Corresponding.

[215] Lee, G., Ryu, D., Yang, L. (2025). Domain stabilization for model-free option implied moment estimation. Journal of Financial Econometrics (SSCI), 23:2 (Spring), nbae037, Corresponding.

[214] Kim, J., Cho, H., Ryu, D. (2025). Global risk aversion: Driving force of future real economic activity. Journal of Forecasting (SSCI), 44:2 (Mar.), 706-729, Corresponding.

[213] Nam, H.-J., Bilgin, M.H., Ryu, D. (2025). Threshold effects of trade openness on financial development: The case of the ASEAN region. Singapore Economic Review (SSCI), 70:1 (Mar.), 125-155, Corresponding.

[212] Chun, D., Cho, H., Ryu, D. (2025). Volatility forecasting and volatility-timing strategies: A machine learning approach. Research in International Business and Finance (SSCI), 75 (Mar.), 102723, Corresponding.

[211] Nam, H.-J., Batten, J.A., Ryu, D. (2025). Do institutional quality and trade openness enhance the role of financial openness in Eastern European financial development?. Global Finance Journal (SSCI), 64 (Mar.), 101071, Corresponding.

[210] Nam, H.-J., Ryu, D. (2025). Does international trade moderate economic development’s impact on income inequality in the EU?. Journal of International Financial Markets, Institutions and Money (SSCI), 99 (Mar.), 102107, Corresponding. 

[209] Kim, S., Ryu, D., Song, C.G. (2025). Collaboration dynamics in legislative co-sponsorship networks: Evidence from Korea. Economics (SSCI), 19:1 (Mar.), 20250142, Corresponding.

[208] Kang, D., Ryu, D., Webb, R.I. (2025). Bitcoin as a financial asset: A survey. Financial Innovation (SSCI), 11 (Mar.), 101, Corresponding.

[207] Lee, G., Ryu, D., Yang, L. (2025). Informativeness of truncation in the options market. Finance Research Letters (SSCI), 72 (Feb.), 106490, Corresponding.

[206] Nam, H.-J., Ryu, D., Szilagyi, P.G. (2025). Gender inequality, institutional quality and economic outcomes in the European Union. European Financial Management (SSCI), 31:1 (Jan.), 463-492, Corresponding.

[205] Lee, G., Ryu, D. (2025). Are base layer blockchains establishing a new sector? Evidence from a connectedness approach. Research in International Business and Finance (SSCI), 73:Part B (Jan.), 102654, Corresponding.  

[204] Ryu, D., Webb, R.I., Yu, J. (2024). Frequent trading and investment performance: Evidence from the KOSPI 200 futures market. Journal of Futures Markets (SSCI), 44:12 (Dec.), 1911-1922, First.

[203] Seok, S., Cho, H., Ryu, D. (2024). Intraday analyses on weather-induced sentiment and stock market behavior. Quarterly Review of Economics and Finance (SSCI), 98 (Dec.), 101929, Corresponding.

[202] Yang, E., Bae, H., Ryu, D. (2024). Air pollution and daily public transportation ridership: The case of Seoul city. Energy & Environment (SSCI), 35:8 (Dec.), 3940-3960, Corresponding.

[201] Kang, D., Ryu, D., Webb, A. (2024). Term spread prediction using LASSO in machine learning frameworks. Romanian Journal of Economic Forecasting (SSCI), 27:4 (Dec.), 31-45, Corresponding. 

[200] Son, J., Ryu, D. (2024). Competitive dynamics between decentralized and centralized finance lending markets. International Review of Financial Analysis (SSCI), 96:Part B (Nov.), 103699, Corresponding.

[199] Lee, S., Kim, S., Kim, Y.-C., Ryu, D. (2024). Social support and suicidal ideation among children of cross-border married couples. Economics (SSCI), 18:1 (Oct.), 20220120, Corresponding.

[198] Lee, G., Ryu, D. (2024). Linear extrapolation and model-free option implied moments. Borsa Istanbul Review (SSCI), 24:S1 (Oct.), 88-106, Corresponding.

[197] Kim, A., Ryu, D., Webb, R.I. (2024). Evolving roles of energy futures markets: A survey. Borsa Istanbul Review (SSCI), 24:S1 (Oct.), 1-14, Corresponding.

[196] Kim, Y., Ryu, D. (2024). Impacts of analyst coverage initiation on market quality. Investment Analysts Journal (SSCI), 53:4 (Oct.), 484-500, Corresponding.

[195] Kim, K., Ryu, D., Yu, J. (2024). Do changes in star selection criteria affect analyst behaviour?. Investment Analysts Journal (SSCI), 53:4 (Oct.), 387-406, Corresponding.

[194] Park, D., Hong, J., Ryu, D. (2024). Heterogeneous expectations in the housing market: A sugarscape agent-based model. Journal of Housing and the Built Environment (SSCI), 39 (Sep.), 1465-1489, Corresponding.

[193] Lee, G., Ryu, D. (2024). Investor sentiment or information content? A simple test for investor sentiment proxies. North American Journal of Economics and Finance (SSCI), 74 (Sep.), 102222, Corresponding.

[192] Bang, J., Kang, Y., Ryu, D. (2024). Potential pricing factors in the Korean market. Finance Research Letters (SSCI), 67:Part B (Sep.), 105946, Corresponding.

[191] Nam, H.-J., Ryu, D. (2024). Impacts of trade and institutional quality on carbon emissions in transition economies. Finance Research Letters (SSCI), 67:Part B (Sep.), 105872, Corresponding.

[190] Choi, S.Y., Ryu, D., You, W. (2024). ESG activities and financial stability: The case of Korean financial firms. Borsa Istanbul Review (SSCI), 24:5 (Sep.), 945-951, Corresponding.

[189] Hu, J., Kirilova, A., Park, S.G., Ryu, D. (2024). Who profits from trading options?. Management Science (SSCI), 70:7 (Jul.), 4742-4761.

[188] Kim, K., Ryu, D., Yu, J. (2024). Star analyst activities and stock price synchronicity: Korean equity market reforms. Emerging Markets Review (SSCI), 61 (Jul.), 101148, Corresponding.

[187] Bang, J., Ryu, D. (2024). ESG factors and the cross-section of expected stock returns: A LASSO-based approach. Finance Research Letters (SSCI), 65 (Jul.), 105482, Corresponding.

[186] Lee, J., Batten, J.A., Ham, H., Ryu, D. (2024). Does portfolio momentum beat analyst advice?. ABACUS (SSCI), 60:2 (Jun.), 338-364, Corresponding. 

[185] Seok, S., Cho, H., Ryu, D. (2024). Dual effects of investor sentiment and uncertainty in financial markets. Quarterly Review of Economics and Finance (SSCI), 95 (Jun.), 300-315, Corresponding.

[184] Ryu, D., Hong, J., Jo, H. (2024). Capturing locational effects: Application of the K-means clustering algorithm. Annals of Regional Science (SSCI), 73 (Jun.), 265-289, First.

[183] Nam, H.-J., Ryu, D. (2024). Does trade openness promote economic growth in developing countries?. Journal of International Financial Markets, Institutions and Money (SSCI), 93 (Jun.), 101985, Corresponding.

[182] Kim, D., Ryu, D., Webb, R.I. (2024). Does a higher hashrate strengthen Bitcoin network security?. Financial Innovation (SSCI), 10 (Jun.), 79, Corresponding.

[181] Nam, H.-J., Frijns, B., Ryu, D. (2024). Trade openness and income inequality: The moderating role of institutional quality. Global Finance Journal (SSCI), 60 (May), 100959, Corresponding.

[180] Ryu, D., Nam, H.-J. (2024). Impacts of gender inequality on international trade and innovation. Finance Research Letters (SSCI), 63 (May), 105366, First.

[179] Lee, H., Ryu, D., Son, J. (2024). Life-cycle decisions and general equilibrium in the heterogeneous-agent OLG economy. Applied Economics (SSCI), 56:17 (Apr.), 2089-2108.  

[178] Nam, H.-J., Bang, J., Ryu, D. (2024). Nonlinear effects of financial openness on financial development in ASEAN. Journal of Multinational Financial Management (SSCI), 73 (Apr.), 100846, Corresponding.

[177] Kim, H., Cho, H., Ryu, D. (2024). Characteristics of student loan credit recovery: Evidence from a micro-level data set. Journal of Credit Risk (SSCI), 20:1 (Mar.), 27-49, Corresponding.

[176] Nam, H.-J., Bilgin, M.H., Ryu, D. (2024). Firm value, ownership structure, and strategic approaches to ESG activities. Eurasian Business Review (SSCI), 14 (Mar.), 187-226, Corresponding.

[175] Luo, X., Ryu, D., Tao, L., Ye, C. (2024). Price monotonicity violations during stock market crashes: Evidence from the SSE 50 ETF options market. Journal of Futures Markets (SSCI), 44:3 (Mar.), 533-554.

[174] Yu, J., Kim, Y.-C., Ryu, D. (2024). Left-digit biases: Individual and institutional investors. Journal of Futures Markets (SSCI), 44:3 (Mar.), 518-532, Corresponding.

[173] Ryu, D., Webb, R.I., Yu, J. (2024). Stock price synchronicity and market liquidity: The role of funding liquidity. Finance Research Letters (SSCI), 61 (Mar.), 105051, First.

[172] Cheng, R., Frijns, B., Kim, H., Ryu, D. (2024). Effects of option incentive compensation on corporate innovation: The case of China. Economic Systems (SSCI), 48:1 (Mar.), 101171, Corresponding. 

[171] Ahn, S., Ryu, D. (2024). Optimal chonsei to monthly rent conversion choice given borrowing constraints. Quarterly Review of Economics and Finance (SSCI), 93 (Feb.), 28-42, Corresponding.

[170] Kang, S., Bang, J., Ryu, D. (2024). Female CEOs’ risk management and earnings performance during the financial crisis. Asian Business & Management (SSCI), 23 (Feb.), 110-138, Corresponding. 

[169] Cheng, R., Kim, H., Ryu, D. (2024). ESG performance and firm value in the Chinese market. Investment Analysts Journal (SSCI), 53:1 (Jan.), 1-15, Corresponding.

[168] Nam, H.-J., Bang, J., Ryu, D. (2023). Paradox of trade openness: The moderated mediating role of governance. Journal of International Financial Markets, Institutions and Money (SSCI), 89 (Dec.), 101887, Corresponding.

[167] Ryu, D., Ryu, D., Yang, H. (2023). Investor sentiment and futures market mispricing. Finance Research Letters (SSCI), 58:Part C (Dec.), 104559, First.

[166] Bang, J., Ryu, D., Webb, R.I. (2023). ESG controversy as a potential asset-pricing factor. Finance Research Letters (SSCI), 58:Part A (Dec.), 104315, Corresponding.

[165] Son, J., Ryu, D., Webb, R.I. (2023). Central bank digital currency: Payment choices and commercial bank profitability. International Review of Financial Analysis (SSCI), 90 (Nov.), 102874, Corresponding.

[164] Hong, J., Ryu, D. (2023). Expectations and the housing market: A model of house price dynamics. Bulletin of Economic Research (SSCI), 75:4 (Oct.), 1242-1266, Corresponding.

[163] Park, D., Ryu, D. (2023). Searching for and evaluating outsourced chief investment officers. Managerial and Decision Economics (SSCI), 44:7 (Oct.), 3923-3931, Corresponding.

[162] Seok, S., Cho, H., Lee, J.E., Ryu, D. (2023). Indirect effects of flow-performance sensitivity on fund performance. Borsa Istanbul Review (SSCI), 23:S1 (Oct.), S1-S14, Corresponding.

[161] Chung, H.J., Jhang, H., Ryu, D. (2023). Impacts of COVID-19 pandemic on corporate cash holdings: Evidence from Korea. Emerging Markets Review (SSCI), 56 (Sep.), 101055, Corresponding.

[160] Nam, H.-J., Bang, J., Ryu, D. (2023). Do financial and governmental institutions play a mediating role in the spillover effects of FDI?. Journal of Multinational Financial Management (SSCI), 69 (Sep.), 100809, Corresponding.

[159] Bang, J., Ryu, D. (2023). CNN-based stock price forecasting by stock chart images. Romanian Journal of Economic Forecasting (SSCI), 26:3 (Sep.), 120-128, Corresponding.

[158] Ryu, D., Webb, R.I., Yu, J. (2023). Who pays the liquidity cost? Central bank announcements and adverse selection. Journal of Futures Markets (SSCI), 43:7 (Jul.), 904-924, First.

[157] Ryu, D., Ryu, D., Yang, H. (2023). Whose sentiment explains implied volatility change and smile?. Finance Research Letters (SSCI), 55:Part A (Jul.), 103838, First.

[156] Nam, H.-J., Ryu, D. (2023). FDI and human development: The role of governance, ODA, and national competitiveness. Journal of International Financial Markets, Institutions and Money (SSCI), 85 (Jun.), 101769, Corresponding.

[155] Lee, J.E., Cho, H., Ryu, D., Seok, S. (2023). Does performance-chasing behavior matter? International evidence. Journal of Multinational Financial Management (SSCI), 68 (Jun.), 100799, Corresponding.

[154] Ham, H., Ryu, D., Webb, R.I., Yu, J. (2023). How do investors react to overnight returns? Evidence from Korea. Finance Research Letters (SSCI), 54 (Jun.), 103779, Corresponding.

[153] Bang, J., Ryu, D., Yu, J. (2023). ESG controversies and investor trading behavior in the Korean market. Finance Research Letters (SSCI), 54 (Jun.), 103750, Corresponding.

[152] Kim, Y.-C., Ryu, D. (2023). Segregation, education cost, and group inequality. Economics (SSCI), 17:1 (Jun.), 20220042, Corresponding.

[151] Ko, T., Lee, J., Park, D., Ryu, D. (2023). Supply chain transparency as a signal of ethical production. Managerial and Decision Economics (SSCI), 44:3 (Apr.), 1565-1573, Corresponding.

[150] Kim, D., Ryu, D., Webb, R.I. (2023). Determination of equilibrium transaction fees in the Bitcoin network: A rank-order contest. International Review of Financial Analysis (SSCI), 86 (Mar.), 102487, Corresponding.

[149] Chun, D., Cho, H., Ryu, D. (2023). Discovering the drivers of stock market volatility in a data-rich world. Journal of International Financial Markets, Institutions and Money (SSCI), 82 (Jan.), 101684, Corresponding.

[148] Song, J., Ryu, D., Yu, J. (2023). Changes in the options contract size and arbitrage opportunities. Journal of Futures Markets (SSCI), 43:1 (Jan.), 122-137, Corresponding.

[147] Park, D., Ryu, D. (2023). E-commerce retail and reverse factoring: A newsvendor approach. Managerial and Decision Economics (SSCI), 44:1 (Jan.), 416-423, Corresponding.

[146] Kim, H., Cho, H., Ryu, D. (2023). Measuring corporate failure risk: Does long short-term memory perform better in all markets?. Investment Analysts Journal (SSCI), 52:1 (Jan.), 40-52, Corresponding.

[145] Ryu, D., Webb, R.I., Yu, J. (2022). Foreign institutions and the behavior of liquidity following macroeconomic announcements. Finance Research Letters (SSCI), 50 (Dec.), 103239, First.

[144] Park, D., Ryu, D. (2022). Supply chain ethics and transparency: An agent-based model approach with Q-learning agents. Managerial and Decision Economics (SSCI), 43:8 (Dec.), 3331-3337, Corresponding.

[143] Seok, S., Cho, H., Ryu, D. (2022). Scheduled macroeconomic news announcements and intraday market sentiment. North American Journal of Economics and Finance (SSCI), 62 (Nov.), 101739, Corresponding.

[142] Lee, H., Ryu, D., Son, J. (2022). Insurance-adjusted valuation, decision making, and capital return. International Review of Financial Analysis (SSCI), 84 (Nov.), 102276.

[141] Kim, Y., Ryu, D. (2022). Firm-specific or market-wide information: How does analyst coverage influence stock price synchronicity?. Borsa Istanbul Review (SSCI), 22:6 (Nov.), 1069-1078, Corresponding.

[140] Ham, H., Ryu, D., Webb, R.I. (2022). The effects of overnight events on daytime trading sessions. International Review of Financial Analysis (SSCI), 83 (Oct.), 102228, Corresponding.

[139] Park, H., Kim, M., Ryu, D. (2022). Heterogeneous investor attention to climate risk: Evidence from a unique dataset. Investment Analysts Journal (SSCI), 51:4 (Oct.), 253-267, Corresponding.

[138] Son, J., Bilgin, M.H., Ryu, D. (2022). Consumer choices under new payment methods. Financial Innovation (SSCI), 8 (Sep.), 82, Corresponding.

[137] Yang, E., Bae, H., Ryu, D. (2022). What makes the level of particulate matter emissions worse in Korea?. Romanian Journal of Economic Forecasting (SSCI), 25:3 (Sep.), 128-143, Corresponding.

[136] Ryu, D., Webb, R.I., Yang, H., Yu, J. (2022). Investors’ net buying pressure and implied volatility dynamics. Borsa Istanbul Review (SSCI), 22:4 (Jul.), 627-640, First.

[135] Ryu, D., Webb, R.I., Yu, J. (2022). Liquidity-adjusted value-at-risk: A comprehensive extension with microstructural liquidity components. European Journal of Finance (SSCI), 28:9 (Jun.), 871-888, First.

[134] Ryu, D., Webb, R.I., Yu, J. (2022). Funding liquidity shocks and market liquidity providers. Finance Research Letters (SSCI), 47:Part B (Jun.), 102734, First.

[133] Kim, K., Ryu, D. (2022). Sentiment changes and the Monday effect. Finance Research Letters (SSCI), 47:Part B (Jun.), 102709, Corresponding.

[132] Ryu, D., Yang, H., Yu, J. (2022). Insider trading and information asymmetry: Evidence from the Korea Exchange. Emerging Markets Review (SSCI), 51:Part A (Jun.), 100847, First.

[131] Lee, H., Ryu, D., Son, J. (2022). Risk-adjusted valuation in the worker’s economic decision making. Finance Research Letters (SSCI), 46:Part B (May), 102408.

[130] Luo, X., Cai, W., Ryu, D. (2022). Information contents of intraday SSE 50 ETF options trades. Journal of Futures Markets (SSCI), 42:4 (Apr.), 580-604, Corresponding.

[129] Kim, K., Ryu, D., Yu, J. (2022). Is a sentiment-based trading strategy profitable?. Investment Analysts Journal (SSCI), 51:2 (Apr.), 94-107, Corresponding.

[128] Kim, H., Cho, H., Ryu, D. (2022). Corporate bankruptcy prediction using machine learning methodologies with a focus on sequential data. Computational Economics (SSCI), 59:3 (Mar.), 1231-1249, Corresponding.

[127] Chen, J., Han, Q., Ryu, D., Tang, J. (2022). Does the world smile together? A network analysis of global index option implied volatilities. Journal of International Financial Markets, Institutions and Money (SSCI), 77 (Mar.), 101497, Corresponding.

[126] Ryu, D., Yang, H. (2022). Intraday option price changes and net buying pressure. Applied Economics Letters (SSCI), 29:4 (Feb.), 292-297, First.

[125] Ryu, D., Yu, J. (2022). Sentiment-dependent impact of funding liquidity shocks on futures market liquidity. Journal of Futures Markets (SSCI), 42:1 (Jan.), 61-76, First.

[124] Park, S.G., Ryu, D. (2021). Contract size changes in the options market: Effects on market efficiency and investor behaviour. Applied Economics (SSCI), 53:57 (Dec.), 6670-6682.

[123] Seok, S.I., Cho, H., Ryu, D. (2021). Stock market’s responses to intraday investor sentiment. North American Journal of Economics and Finance (SSCI), 58 (Nov.), 101516, Corresponding.

[122] Kim, K., Ryu, D. (2021). Term structure of sentiment effect on investor trading behavior. Finance Research Letters (SSCI), 43 (Nov.), 102005, Corresponding.

[121] Kim, K., Ryu, D., Yang, H. (2021). Information uncertainty, investor sentiment, and analyst reports. International Review of Financial Analysis (SSCI), 77 (Oct.), 101835, Corresponding.

[120] Kim, D., Bilgin, M.H., Ryu, D. (2021). Are suspicious activity reporting requirements for cryptocurrency exchanges effective?. Financial Innovation (SSCI), 7 (Oct.), 78, Corresponding.

[119] Kim, H., Cho, H., Ryu, D. (2021). Forecasting consumer credit recovery failure: Classification approaches. Journal of Credit Risk (SSCI), 17:3 (Sep.), 117-140, Corresponding.

[118] Kim, H., Cho, H., Ryu, D. (2021). Predicting corporate defaults using machine learning with geometric-lag variables. Investment Analysts Journal (SSCI), 50:3 (Jul.), 161-175, Corresponding.

[117] Lee, J., Ryu, D., Yang, H. (2021). Does vega-neutral options trading contain information?. Journal of Empirical Finance (SSCI), 62 (Jun.), 294-314, Corresponding.

[116] Yu, J., Ryu, D. (2021). Effectiveness of the Basel III framework: Procyclicality in the banking sector and macroeconomic fluctuations. Singapore Economic Review (SSCI), 66:3 (Jun.), 855-879, Corresponding.

[115] Song, J., Ryu, D. (2021). Houses as collateral and household debt deleveraging in Korea. Economics (SSCI), 15:1 (Jun.), 3-27, Corresponding.

[114] Kim, K., Ryu, D. (2021). Does sentiment determine investor trading behaviour?. Applied Economics Letters (SSCI), 28:10 (Jun.), 811-816, Corresponding.

[113] Park, D., Ryu, D. (2021). Forecasting stock market dynamics using bidirectional long short-term memory. Romanian Journal of Economic Forecasting (SSCI), 24:2 (Jun.), 22-34, Corresponding.

[112] Ryu, D., Yu, J. (2021). Informed options trading around holidays. Journal of Futures Markets (SSCI), 41:5 (May), 658-685, First.

[111] Kim, K., Ryu, D., Yu, J. (2021). Do sentiment trades explain investor overconfidence around analyst recommendation revisions?. Research in International Business and Finance (SSCI), 56 (Apr.), 101376, Corresponding.

[110] Park, D., Jo, J., Ryu, D. (2021). Incentive contracts for sustainable growth of small or medium-sized enterprise. Sustainability (SSCI), 13:9 (Apr.), 4964, Corresponding.

[109] Ryu, D., Ryu, D., Yang, H. (2021). The impact of net buying pressure on index options prices. Journal of Futures Markets (SSCI), 41:1 (Jan.), 27-45, First.

[108] Ryu, D., Yu, J. (2021). Nonlinear effect of subordinated debt changes on bank performance. Finance Research Letters (SSCI), 38 (Jan.), 101496, First.

[107] Sung, S., Chun, D., Cho, H., Ryu, D. (2021). Hedge fund market runs during financial crises. Economic Research-Ekonomska Istraživanja (SSCI), 34:1 (Jan.), 266-291, Corresponding.

[106] Ryu, D., Yu, J. (2020). Hybrid bond issuances by insurance firms. Emerging Markets Review (SSCI), 45 (Dec.), 100722, First.

[105] Kim, K., Ryu, D. (2020). Predictive ability of investor sentiment for the stock market. Romanian Journal of Economic Forecasting (SSCI), 23:4 (Dec.), 33-46, Corresponding.

[104] Yu, J., Ryu, D. (2020). Effects of commodity exchange-traded note introductions: Adjustment for seasonality. Borsa Istanbul Review (SSCI), 20:3 (Sep.), 244-256, Corresponding.

[103] Kim, H., Cho, H., Ryu, D. (2020). Corporate default predictions using machine learning: Literature review. Sustainability (SSCI), 12:16 (Aug.), 6325, Corresponding.

[102] Chun, D., Cho, H., Ryu, D. (2020). Economic indicators and stock market volatility in an emerging economy. Economic Systems (SSCI), 44:2 (Jun.), 100788, Corresponding.

[101] Ryu, D., Ryu, D., Yang, H. (2020). Investor sentiment, market competition, and financial crisis: Evidence from the Korean stock market. Emerging Markets Finance and Trade (SSCI), 56:8 (Jun.), 1804-1816, Corresponding.

[100] Park, D., Park, J., Ryu, D. (2020). Volatility spillovers between equity and green bond markets. Sustainability (SSCI), 12:9 (May), 3722, Corresponding.

[99] Ryu, D., Yang, H. (2020). Noise traders, mispricing, and price adjustments in derivatives markets. European Journal of Finance (SSCI), 26:6 (Apr.), 480-499, First.

[98] Ryu, D., Webb, R.I., Yu, J. (2020). Bank sensitivity to international regulatory reform: The case of Korea. Investment Analysts Journal (SSCI), 49:2 (Apr.), 149-162, First.

[97] Guo, B., Han, Q., Liang, J., Ryu, D., Yu, J. (2020). Sovereign credit spread spillovers in Asia. Sustainability (SSCI), 12:4 (Feb.), 1472, Corresponding.

[96] Kim, H., Batten, J.A., Ryu, D. (2020). Financial crisis, bank diversification, and financial stability: OECD countries. International Review of Economics and Finance (SSCI), 65 (Jan.), 94-104, Corresponding.

[95] Seok, S.I., Cho, H., Ryu, D. (2020). The information content of funds from operations and net income in real estate investment trusts. North American Journal of Economics and Finance (SSCI), 51 (Jan.), 101063, Corresponding.

[94] Ryu, D., Ryu, D., Yang, H. (2020). Vega-informed trading and options market reform. Applied Economics Letters (SSCI), 27:1 (Jan.), 19-24, First.

[93] Ham, H., Cho, H., Kim, H., Ryu, D. (2019). Time‐series momentum in China’s commodity futures market. Journal of Futures Markets (SSCI), 39:12 (Dec.), 1515-1528, Corresponding.

[92] Ryu, D., Kim, M.H., Ryu, D. (2019). The effect of international strategic alliances on firm performance before and after the global financial crisis. Emerging Markets Finance and Trade (SSCI), 55:15 (Dec.), 3539-3552, Corresponding.

[91] Yu, J., Ryu, D. (2019). Predicting banks’ subordinated bond issuances. Romanian Journal of Economic Forecasting (SSCI), 22:4 (Dec.), 87-99, Corresponding.

[90] Yang, H., Kutan, A.M., Ryu, D. (2019). Volatility information trading in the index options market: An intraday analysis. International Review of Economics and Finance (SSCI), 64 (Nov.), 412-426, Corresponding.

[89] Seok, S.I., Cho, H., Ryu, D. (2019). Firm-specific investor sentiment and daily stock returns. North American Journal of Economics and Finance (SSCI), 50 (Nov.), 100857, Corresponding.

[88] Ryu, D., Yang, H. (2019). Who has volatility information in the index options market?. Finance Research Letters (SSCI), 30 (Sep.), 266-270, First.

[87] Chung, C.Y., Cho, S.J., Ryu, D., Ryu, D. (2019). Institutional blockholders and corporate social responsibility. Asian Business & Management (SSCI), 18:3 (Jul.), 143-186, Corresponding.

[86] Seok, S.I., Cho, H., Park, C., Ryu, D. (2019). Do overnight returns truly measure firm-specific investor sentiment in the KOSPI market?. Sustainability (SSCI), 11:13 (Jul.), 3718, Corresponding.

[85] Lee, J., Ryu, D. (2019). The impacts of public news announcements on intraday implied volatility dynamics. Journal of Futures Markets (SSCI), 39:6 (Jun.), 656-685, Corresponding.

[84] Lee, J., Ryu, D. (2019). How does FX liquidity affect the relationship between foreign ownership and stock liquidity?. Emerging Markets Review (SSCI), 39 (Jun.), 101-119, Corresponding.

[83] Seok, S.I., Cho, H., Ryu, D. (2019). Firm-specific investor sentiment and the stock market response to earnings news. North American Journal of Economics and Finance (SSCI), 48 (Apr.), 221-240, Corresponding.

[82] Kim, K., Ryu, D., Yang, H. (2019). Investor sentiment, stock returns, and analyst recommendation changes: The KOSPI stock market. Investment Analysts Journal (SSCI), 48:2 (Apr.), 89-101, Corresponding.

[81] Lee, J., Lee, G., Ryu, D. (2019). The difference in the intraday return-volume relationships of spot and futures: A quantile regression approach. Economics (SSCI), 13:1 (Mar.), 20190026, Corresponding.

[80] Park, S.G., Ryu, D. (2019). Speed and trading behavior in an order-driven market. Pacific-Basin Finance Journal (SSCI), 53 (Feb.), 145-164.

[79] Kang, H., Ryu, D. (2019). Information in mispricing factors for future investment opportunities. North American Journal of Economics and Finance (SSCI), 47 (Jan.), 657-668, Corresponding.

[78] Park, Y.J., Kutan, A.M., Ryu, D. (2019). The impacts of overseas market shocks on the CDS-option basis. North American Journal of Economics and Finance (SSCI), 47 (Jan.), 622-636, Corresponding.

[77] Seo, S.W., Kim, J.S., Ryu, D. (2019). Effects of the Asian financial crisis on the relation between leverage and employee compensation. Spanish Journal of Finance and Accounting (SSCI), 48:1 (Jan.), 1-20, Corresponding.

[76] Sung, S., Cho, H., Ryu, D. (2019). The behavior of an institutional investor with arbitrage opportunities and liquidity risk. Emerging Markets Finance and Trade (SSCI), 55:1 (Jan.), 1-12, Corresponding.

[75] Ryu, D., Yang, H. (2018). The directional information content of options volumes. Journal of Futures Markets (SSCI), 38:12 (Dec.), 1533-1548, First.

[74] Song, J., Ryu, D. (2018). Aging effects on consumption risk-sharing channels in European countries. Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business (SSCI), 36:2 (Dec.), 585-617, Corresponding.

[73] Kim, H., Cho, H., Ryu, D. (2018). Characteristics of mortgage terminations: An analysis of a loan-level dataset. Journal of Real Estate Finance and Economics (SSCI), 57 (Nov.), 647-676, Corresponding.

[72] Ko, T., Lee, J., Ryu, D. (2018). Blockchain technology and manufacturing industry: Real-time transparency and cost savings. Sustainability (SSCI), 10:11 (Nov.), 4274, Corresponding.

[71] Yang, H., Ryu, D., Ryu, D. (2018). Market reform and efficiency: The case of KOSPI200 options. Emerging Markets Finance and Trade (SSCI), 54:12 (Oct.), 2687-2697, Corresponding.

[70] Song, W., Ryu, D., Webb, R.I. (2018). Volatility dynamics under an endogenous Markov-switching framework: A cross-market approach. Quantitative Finance (SSCI), 18:9 (Sep.), 1559-1571, Corresponding.

[69] Kim, H., Cho, H., Ryu, D. (2018). An empirical study on credit card loan delinquency. Economic Systems (SSCI), 42:3 (Sep.), 437-449, Corresponding.

[68] Lee, G., Ryu, D. (2018). Asymmetry in the stock price response to macroeconomic shocks: Evidence from the Korean market. Journal of Business Economics and Management (SSCI), 19:2 (Sep.), 343-359, Corresponding.

[67] Yang, H., Lee, J., Ryu, D. (2018). Market depth, domestic investors and price monotonicity violations. Applied Economics Letters (SSCI), 25:10 (Jun.), 688-692, Corresponding.

[66] Chun, D., Cho, H., Ryu, D. (2018). Macroeconomic structural changes in a leading emerging market: The effects of the Asian financial crisis. Romanian Journal of Economic Forecasting (SSCI), 21:2 (Jun.), 22-42, Corresponding.

[65] Choi, H.-S., Ryu, D., Yang, H. (2018). International transmission of risk factor movements: The case of developed markets. Investment Analysts Journal (SSCI), 47:2 (Apr.), 111-126, Corresponding.

[64] Chung, C.Y., Ryu, D., Wang, K., Zykaj, B.B. (2018). Optionable stocks and mutual fund performance. Journal of Futures Markets (SSCI), 38:3 (Mar.), 390-412.

[63] Chung, C.Y., Kang, S., Ryu, D. (2018). Does institutional monitoring matter? Evidence from insider trading by information risk level. Investment Analysts Journal (SSCI), 47:1 (Mar.), 48-64, Corresponding.

[62] Yang, E., Kim, S.H., Kim, M.H., Ryu, D. (2018). Macroeconomic shocks and stock market returns: The case of Korea. Applied Economics (SSCI), 50:7 (Feb.), 757-773, Corresponding.

[61] Yang, H., Kutan, A.M., Ryu, D. (2018). Option moneyness and price disagreements. Applied Economics Letters (SSCI), 25:3 (Feb.), 192-196, Corresponding.

[60] Shim, H., Chung, C.Y., Ryu, D. (2018). Labor income share and imperfectly competitive product market. B.E. Journal of Macroeconomics (SSCI), 18:1 (Jan.), 20160188, Corresponding.

[59] Yang, H., Ahn, H.-J., Kim, M.H., Ryu, D. (2017). Information asymmetry and investor trading behavior around bond rating change announcements. Emerging Markets Review (SSCI), 32 (Sep.), 38-51, Corresponding.

[58] Shim, H., Kim, M.H., Ryu, D. (2017). Effects of intraday weather changes on asset returns and volatilities. Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business (SSCI), 35:2 (Fall), 301-330, Corresponding.

[57] Song, W., Park, S., Ryu, D. (2017). Information quality of online reviews in the presence of potentially fake reviews. Korean Economic Review (SSCI), 33:1 (Summer), 5-34, Corresponding.

[56] Ryu, D., Kim, H., Yang, H. (2017). Investor sentiment, trading behavior and stock returns. Applied Economics Letters (SSCI), 24:12 (Jul.), 826-830, First.

[55] Ryu, D., Shim, H. (2017). Intraday dynamics of asset returns, trading activities, and implied volatilities: A trivariate GARCH framework. Romanian Journal of Economic Forecasting (SSCI), 20:2 (Jun.), 45-61, First.

[54] Choi, H.-S., Ryu, D., Seok, S. (2017). The turn-of-the-year effect in mutual fund flows. Risk Management (SSCI), 19 (May), 131-157, Corresponding.

[53] Lee, J., Ihm, J., Ryu, D. (2017). Human capital measures and stock return predictability: Macroeconomic versus microeconomic approaches. Finance Research Letters (SSCI), 21 (May), 53-56, Corresponding.

[52] Yang, H., Choi, H.-S., Ryu, D. (2017). Option market characteristics and price monotonicity violations. Journal of Futures Markets (SSCI), 37:5 (May), 473-498, Corresponding.

[51] Chung, C.Y., Kim, H., Ryu, D. (2017). Foreign investor trading and information asymmetry: Evidence from a leading emerging market. Applied Economics Letters (SSCI), 24:8 (May), 540-544, Corresponding.

[50] Ryu, D. (2017). Comprehensive market microstructure model: Considering the inventory holding costs. Journal of Business Economics and Management (SSCI), 18:2 (Apr.), 183-201, Single.

[49] Ryu, D., Ryu, D., Hwang, J.H. (2017). Corporate governance, product-market competition, and stock returns: Evidence from the Korean market. Asian Business & Management (SSCI), 16 (Apr.), 50-91, Corresponding.

[48] Yang, H., Ryu, D., Ryu, D. (2017). Investor sentiment, asset returns and firm characteristics: Evidence from the Korean stock market. Investment Analysts Journal (SSCI), 46:2 (Apr.), 132-147, Corresponding.

[47] Kim, H., Park, K., Ryu, D. (2017). Corporate environmental responsibility: A legal origins perspective. Journal of Business Ethics (SSCI), 140:3 (Feb.), 381-402, Corresponding.

[46] Ryu, D., Yang, H. (2017). Price disagreements and adjustments in index derivatives markets. Economics Letters (SSCI), 151 (Feb.), 104-106, First.

[45] Song, J., Ryu, D. (2016). Credit cycle and balancing the capital gap: Evidence from Korea. Economic Systems (SSCI), 40:4 (Dec.), 595-611, Corresponding.

[44] Ryu, D. (2016). Considering all microstructure effects: The extension of a trade indicator model. Economics Letters (SSCI), 146 (Sep.), 107-110, Single.

[43] Azari, M., Kim, H., Kim, J.Y., Ryu, D. (2016). The effect of agglomeration on the productivity of urban manufacturing sectors in a leading emerging economy. Economic Systems (SSCI), 40:3 (Sep.), 422-432, Corresponding.

[42] Lee, J., Ryu, D., Kutan, A.M. (2016). Monetary policy announcements, communication, and stock market liquidity. Australian Economic Papers (SSCI), 55:3 (Sep.), 227-250, Corresponding.

[41] Chung, K.H., Park, S.G., Ryu, D. (2016). Trade duration, informed trading, and option moneyness. International Review of Economics and Finance (SSCI), 44 (Jul.), 395-411, Corresponding.

[40] Sim, M., Ryu, D., Yang, H. (2016). Tests on the monotonicity properties of KOSPI 200 options prices. Journal of Futures Markets (SSCI), 36:7 (Jul.), 625-646, Corresponding.

[39] Shim, H., Kim, H., Kim, S., Ryu, D. (2016). Testing the relative purchasing power parity hypothesis: The case of Korea. Applied Economics (SSCI), 48:25 (May), 2383-2395, Corresponding.

[38] Webb, R.I., Ryu, D., Ryu, D., Han, J. (2016). The price impact of futures trades and their intraday seasonality. Emerging Markets Review (SSCI), 26 (Mar.), 80-98, Corresponding.

[37] Lee, J., Ryu, D. (2016). Asymmetric mispricing and regime-dependent dynamics in futures and options markets. Asian Economic Journal (SSCI), 30:1 (Mar.), 47-65, Corresponding.

[36] Song, W., Ryu, D., Webb, R.I. (2016). Overseas market shocks and VKOSPI dynamics: A Markov-switching approach. Finance Research Letters (SSCI), 16 (Feb.), 275-282, Corresponding.

[35] Ryu, D., Ryu, D., Hwang, J.H. (2016). Corporate social responsibility, market competition, and shareholder wealth. Investment Analysts Journal (SSCI), 45:1 (Jan.), 16-30, Corresponding.

[34] Guo, B., Han, Q., Lee, J., Ryu, D. (2015). How important is a non-default factor for CDS valuation?. Journal of Futures Markets (SSCI), 35:11 (Nov.), 1088-1101, Corresponding.

[33] Han, C., Hwang, S., Ryu, D. (2015). Market overreaction and investment strategies. Applied Economics (SSCI), 47:54 (Nov.), 5868-5885, Corresponding.

[32] Han, H., Kutan, A.M., Ryu, D. (2015). Effects of the US stock market return and volatility on the VKOSPI. Economics (SSCI), 9:2015-35 (Nov.), 1-34, Corresponding.

[31] Kim, J.S., Ryu, D., Seo, S.W. (2015). Corporate vulnerability index as a fear gauge? Exploring the contagion effect between U.S. and Korean markets. Journal of Derivatives (SSCI), 23:1 (Fall), 73-88, Corresponding.

[30] Ryu, D. (2015). Information content of inter-transaction time: A structural approach. Journal of Business Economics and Management (SSCI), 16:4 (Sep.), 697-711, Single.

[29] Shim, H., Kim, H., Kim, J., Ryu, D. (2015). Weather and stock market volatility: The case of a leading emerging market. Applied Economics Letters (SSCI), 22:12 (Aug.), 987-992, Corresponding.

[28] Lee, J., Kang, J., Ryu, D. (2015). Common deviation and regime-dependent dynamics in the index derivatives markets. Pacific-Basin Finance Journal (SSCI), 33 (Jun.), 1-22, Corresponding.

[27] Kim, J.S., Ryu, D. (2015). Effect of the subprime mortgage crisis on a leading emerging market. Investment Analysts Journal (SSCI), 44:1 (Apr.), 20-42, Corresponding.

[26] Ryu, D. (2015). The information content of trades: An analysis of KOSPI 200 index derivatives. Journal of Futures Markets (SSCI), 35:3 (Mar.), 201-221, Single.

[25] Kim, J.S., Ryu, D. (2015). Are the KOSPI 200 implied volatilities useful in value-at-risk models?. Emerging Markets Review (SSCI), 22 (Mar.), 43-64, Corresponding.

[24] Ryu, D., Kang, J., Suh, S. (2015). Implied pricing kernels: An alternative approach for option valuation. Journal of Futures Markets (SSCI), 35:2 (Feb.), 127-147, Corresponding.

[23] Kim, J.S., Ryu, D. (2015). Return and volatility spillovers and cojump behavior between the U.S. and Korean stock markets. Emerging Markets Finance and Trade (SSCI), 51:S1 (Feb.), S3-S17, Corresponding.

[22] Kim, H., Kim, J., Lee, J., Ryu, D. (2014). The impact of monetary policy on banking and finance stock prices in China. Applied Economics Letters (SSCI), 21:18 (Dec.), 1257-1261, Corresponding.

[21] Lee, J., Ryu, D. (2014). Regime-dependent relationships between the implied volatility index and stock market index. Emerging Markets Finance and Trade (SSCI), 50:5 (Sep.-Oct.), 5-17, Corresponding.

[20] Kim, J.S., Ryu, D., Seo, S.W. (2014). Investor sentiment and return predictability of disagreement. Journal of Banking and Finance (SSCI), 42 (May), 166-178.

[19] Lee, C., Ryu, D. (2014). The volatility index and style rotation: Evidence from the Korean stock market and VKOSPI. Investment Analysts Journal (SSCI), 43:79 (May), 29-39, Corresponding.

[18] Kim, J.S., Kim, H., Ryu, D. (2014). ELW pricing kernel and empirical risk aversion. Applied Economics Letters (SSCI), 21:5 (Mar.), 372-376, Corresponding.

[17] Kim, E., Ahn, Y., Ryu, D. (2014). Application of the carbon emission pricing model in the Korean market. Energy & Environment (SSCI), 25:1 (Feb.), 63-78, Corresponding.

[16] Ryu, D. (2013). Spread and depth adjustment process: An analysis of high-quality microstructure data. Applied Economics Letters (SSCI), 20:16 (Nov.), 1506-1510, Single.

[15] Guo, B., Han, Q., Liu, M., Ryu, D. (2013). A tale of two index futures: The intraday price discovery and volatility transmission processes between the China financial futures exchange and the Singapore exchange. Emerging Markets Finance and Trade (SSCI), 49:S4 (Sep.-Oct.), 197-212, Corresponding.

[14] Kim, H., Ryu, D. (2013). Forecasting exchange rate from combination Taylor rule fundamental. Emerging Markets Finance and Trade (SSCI), 49:S4 (Sep.-Oct.), 81-92, Corresponding.

[13] Guo, B., Han, Q., Ryu, D. (2013). Is the KOSPI 200 options market efficient? Parametric and nonparametric tests of the martingale restriction. Journal of Futures Markets (SSCI), 33:7 (Jul.), 629-652, Corresponding.

[12] Ryu, D. (2013). Price impact asymmetry of futures trades: Trade direction and trade size. Emerging Markets Review (SSCI), 14 (Mar.), 110-130, Single.

[11] Lee, B.S., Ryu, D. (2013). Stock returns and implied volatility: A new VAR approach. Economics (SSCI), 7:1 (Feb.), 20130003, Corresponding.

[10] Kim, H., Ryu, D. (2012). Which trader’s order-splitting strategy is effective? The case of an index options market. Applied Economics Letters (SSCI), 19:17 (Dec.), 1683-1692, Corresponding.

[9] Han, Q., Guo, B., Ryu, D., Webb, R.I. (2012). Asymmetric and negative return-volatility relationship: The case of the VKOSPI. Investment Analysts Journal (SSCI), 41:76 (Nov.), 69-78, Corresponding.

[8] Ryu, D. (2012). Implied volatility index of KOSPI200: Information contents and properties. Emerging Markets Finance and Trade (SSCI), 48:S2 (Jul.-Aug.), 24-39, Single.

[7] Ryu, D. (2012). The profitability of day trading: An empirical study using high-quality data. Investment Analysts Journal (SSCI), 41:75 (May), 43-54, Single.

[6] Ryu, D. (2012). The effectiveness of the order-splitting strategy: An analysis of unique data. Applied Economics Letters (SSCI), 19:6 (Apr.), 541-549, Single.

[5] Ryu, D. (2011). Intraday price formation and bid-ask spread components: A new approach using a cross-market model. Journal of Futures Markets (SSCI), 31:12 (Dec.), 1142-1169, Single.

[4] Ahn, H.-J., Kang, J., Ryu, D. (2010). Information effects of trade size and trade direction: Evidence from the KOSPI 200 index options market. Asia-Pacific Journal of Financial Studies (SSCI), 39:3 (Jun.), 301-339, Corresponding.

[3] Kang, J., Ryu, D. (2010). Which trades move asset prices? An analysis of futures trading data. Emerging Markets Finance and Trade (SSCI), 46:S1 (May-Jun.), 7-22, Corresponding.

[2] Hwang, K., Kang, J., Ryu, D. (2010). Phase-transition behavior in the emerging market: Evidence from the KOSPI200 futures market. International Review of Financial Analysis (SSCI), 19:1 (Jan.), 35-46, Corresponding.

[1] Ahn, H.-J., Kang, J., Ryu, D. (2008). Informed trading in the index option market: The case of KOSPI 200 options. Journal of Futures Markets (SSCI), 28:12 (Dec.), 1118-1146, Corresponding.

Publication (SCIE)

[15] Yang, X., Chen, J., Ryu, D., Zhang, J. (2026). Heterogeneous agent-based model, artificial stock market, and secondary priority rules. Expert Systems with Applications (SCIE), 314, 131454, Corresponding.

[14] Kim, S., Park, D., Ryu, D. (2024). Potential sanctions on the Northeast Asia supergrid: A network theory perspective. Energy (SCIE), 302 (Sep.), 131655, Corresponding.

[13] Park, D., Ryu, D., Webb, R.I. (2024). Fear of missing out and market stability: A networked minority game approach. Physica A: Statistical Mechanics and its Applications (SCIE), 634 (Jan.), 129420, Corresponding.

[12] Park, D., Ryu, D. (2021). A machine learning-based early warning system for the housing and stock markets. IEEE Access (SCIE), 9 (May), 85566-85572, Corresponding.

[11] Chun, D., Cho, H., Ryu, D. (2019). Forecasting the KOSPI200 spot volatility using various volatility measures. Physica A: Statistical Mechanics and its Applications (SCIE), 514 (Jan.), 156-166, Corresponding.

[10] Song, W., Park, S.Y., Ryu, D. (2018). Dynamic conditional relationships between developed and emerging markets. Physica A: Statistical Mechanics and its Applications (SCIE), 507 (Oct.), 534-543, Corresponding.

[9] Kim, J., Park, Y.J., Ryu, D. (2018). Testing CEV stochastic volatility models using implied volatility index data. Physica A: Statistical Mechanics and its Applications (SCIE), 499 (Jun.), 224-232, Corresponding.

[8] Park, S.Y., Ryu, D., Song, J. (2017). The dynamic conditional relationship between stock market returns and implied volatility. Physica A: Statistical Mechanics and its Applications (SCIE), 482 (Sep.), 638-648, Corresponding.

[7] Kim, J., Park, Y.J., Ryu, D. (2017). Stochastic volatility of the futures prices of emission allowances: A Bayesian approach. Physica A: Statistical Mechanics and its Applications (SCIE), 465 (Jan.), 714-724, Corresponding.

[6] Ryu, D., Lee, K. (2016). Econophysics, statistical mechanics for financial applications, and financial mathematics. Advances in Mathematical Physics (SCIE), Editorial (Jul.), Lead Editor.

[5] Kim, J., Park, Y.J., Ryu, D. (2016). Hawkes-diffusion process and the conditional probability of defaults in the Eurozone. Physica A: Statistical Mechanics and its Applications (SCIE), 449 (May), 301-310, Corresponding.

[4] Kang, B.S., Park, C., Ryu, D., Song, W. (2015). Phase transition phenomenon: A compound measure analysis. Physica A: Statistical Mechanics and its Applications (SCIE), 428 (Jun.), 383–395, Corresponding.

[3] Kang, B.S., Ryu, D., Ryu, D. (2014). Phase-shifting behaviour revisited: An alternative measure. Physica A: Statistical Mechanics and its Applications (SCIE), 401 (May), 167-173, Corresponding.

[2] Kim, J.S., Ryu, D. (2014). Intraday price dynamics in spot and derivatives markets. Physica A: Statistical Mechanics and its Applications (SCIE), 394 (Jan.), 247-253, Corresponding.

[1] Ryu, D. (2013). What types of investors generate the two-phase phenomenon?. Physica A: Statistical Mechanics and its Applications (SCIE), 392:23 (Dec.), 5939-5946, Single.

Publication (ESCI or Scopus)

[11] Kim, D., Chen, J., Ryu, D., Webb, R.I. (2025). Bitcoin as a legal tender. Asia-Pacific Financial Markets (ESCI/Scopus), 32, 1175-1188, Corresponding.

[10] Park, D., Ryu, D. (2023). Small-sized asset owners’ OCIO selections and evaluations. Journal of Derivatives and Quantitative Studies (Scopus), 31:2, 162-171, Corresponding.

[9] Syahnur, S., Frohberg, K.K., Ryu, D., Diantimala, Y. (2021). Enriching the socio-economic inequality model by using alternative indices. Economics & Sociology (ESCI/Scopus), 14:4, 47-72.

[8] Binh, K.B., Jhang, H., Park, D., Ryu, D. (2020). Capital markets for small- and medium-sized enterprises and startups in Korea. Journal of Asian Finance, Economics and Business (ESCI/Scopus), 7:12, 195-210, Corresponding.

[7] Kim, H., Cho, H., Ryu, D. (2019). Default risk characteristics of construction surety bonds. Journal of Fixed Income (Scopus), 29:1, 77-87, Corresponding.

[6] Kwon, S.J., Ryu, D., Park, E. (2018). The influence of entrepreneurs’ strategic agility and dynamic capability on the opportunity pursuit process of new ventures: Evidence from South Korea. Academy of Strategic Management Journal (Scopus), 17:1, 1-17.

[5] Chung, C.Y., Lee, Y., Ryu, D. (2017). Do domestic institutional trades exacerbate information asymmetry? Evidence from the Korean stock market. Asia-Pacific Financial Markets (ESCI/Scopus), 24:4, 309-322, Corresponding.

[4] Chung, C.Y., Ju, K., Ryu, D. (2016). Stock split, unseasoned equity offering, and firm value: Evidence from the Korean stock market. Investment Management and Financial Innovations (Scopus), 13:3, 105-109, Corresponding.

[3] Lee, G., Park, J., Ryu, D., Yang, J. (2013). What is the key driver of bank stock returns? A comparative analysis. JASSA-The Finsia Journal of Applied Finance (ESCI/Scopus), 2, 36-42, Corresponding.

[2] Bagchi, D., Lee, C., Ryu, D. (2013). An investigation of return-volatility relationship using high-frequency VKOSPI data. Afro-Asian Journal of Finance and Accounting (Scopus), 3:3, 258-273, Corresponding.

[1] Bagchi, D., Ryu, D. (2011). Market interdependence before, during, and after the 2007 US subprime crisis: Evidence from index futures markets. Afro-Asian Journal of Finance and Accounting (Scopus), 2:3, 230-247, Corresponding.