Sunwoo Hwang

PhD Candidate in Finance

Kenan-Flagler Business School,

University of North Carolina at Chapel Hill

Email: sunwoo_hwang(at)

SSRN / Google Scholar / ResearchGate / Blog

Curriculum Vitae

Working Papers

Mandating Women on Boards: Evidence from the United States with Anil Shivdasani and Elena Simintzi

  • Featured in Harvard Law School's Forum on Corporate Governance and Financial Regulation (Link)

Shareholder- vs. Stakeholder-Initiated Corporate Social Responsibility

Are Gray Directors the Smoking Gun Unveiling Non-Independent Boards after Sarbanes Oxley?

Changing of the Guards: Does Succession Planning Matter? with Dragana Cvijanovic and Nickolay Gantchev

  • Featured in Columbia Law School’s blog on corporations and the capital markets (Link)

Published Papers

When Heirs Become Major Shareholders: Evidence on Pyramiding Financed by Related-Party Sales with Woochan Kim, 2016, Journal of Corporate Finance, 41, 23-42

Managerial Entrenchment of Anti-Takeover Devices: Quasi-Experimental Evidence from Korea with Woochan Kim, 2012, Pacific-Basin Finance Journal,20(4), 614-638


Does Investment in Human Capital Spur Innovation and Entrepreneurship?

Does Financing Vehicle Diversification Increase Firm Value? with Sojung Kim and Woochan Kim

Theory of Governance: the Generalized Method of Moments Framework