Corporate Finance
Tax Policy
Disclosure
Innovation
ESG
Fintech
[1] “Liquidity, Information Production, and Corporate Financing Decisions,” with Thomas Noe and William Cheung
Under 2nd Round Review, JBFA
Korea-America Economic Association/Korea-America Finance Association/Korea Institute of Finance Joint Conference, Seoul, Korea, 2019
Asiatic Research Institute/ Korea University Brain Korea 21 Plus Economics Research Group Conference on “Challenges to Asia and Global Economy,” Seoul, Korea, 2019
China International Conference in Finance (CICF), Hangzhou, China, 2017
Asian Finance Association (AsFA) Annual Meeting, Seoul, Korea, 2017
Financial Management Association (FMA) European Conference, Lisbon, Portugal, 2017
PKU–NUS Annual International Conference on Quantitative Finance and Economics, Suzhou, China, 2017
[2] “Does Doing Good Make Corporate Patents More Valuable?” with Jia Liu
RIBAF R&R
[3] “Heterogeneity in Investment Spike Financing,” with Jiyeon Kim, Colin Mayer, and Oren Sussman
RCFS R&R
Supported by the 2025 Research Fund of the University of Seoul
Financial Intermediation Research Society (FIRS) Conference, Hong Kong, 2017
Financial Management Association (FMA) Annual Meeting, Boston, USA, 2017
Asian Finance Association (AsFA) Annual Meeting, Seoul, Korea, 2017
Financial Management Association (FMA) European Conference, Lisbon, Portugal, 2017
[1] “Quasi-indexer Institutional Ownership, Information Leakage, and the Economic Value of Innovation,” with Seoung Sik Kim and Youngdeok Lim
Supported by the Basic Study and Interdisciplinary R&D Foundation Fund of the University of Seoul (2025)
[2] “Political Cycles and Corporate Liquidity Policy,” with Jiyeon Kim, Greg Shailer, and Tracy Wang
[1] Hyun Joong Im, Heungju Park*, Shams Pathan, and Robert Faff, “Transient Institutional Ownership, Costly External Finance, and Corporate Cash Holdings,” Journal of Business Finance and Accounting, Volume 52, Issue 2, April 2025, pp. 1212–1249. [ABDC Rating=A*; ABS Rating=3; SSCI] [SSRN Version]
Supported by the 2024 Sabbatical Year Research Grant of the University of Seoul
Financial Management Association (FMA) Annual Meeting, San Diego, United States, 2018 (A semifinalist for one of the best paper awards)
Conference on Asia-Pacific Financial Markets (CAFM), Seoul, Korea, 2018
[2] Hyun Joong Im, Inji Jung, and Jiyeon Kim*, “Heterogeneous Effects of Public Listing on the Usage of Trade Credit: Evidence from Korean Chaebol versus Non-chaebol Firms,” Research in International Business and Finance, Volume 76, April 2025, Article 102799. [ABDC Rating=B; ABS Rating=2; SSCI] [SSRN Version]
[3] Hyun Joong Im*, Srinivasan Selvam, and Kelvin Tan, “Effect of Stock Liquidity on the Economic Value of Patents: Evidence from U.S. Patent Data,” International Review of Financial Analysis, Volume 94, July 2024, Article 103314. [ABDC Rating=A; ABS Rating=3; SSCI] [SSRN Version]
Supported by the 2023 Research Fund of the University of Seoul
[4] Byung-Uk Chong and Hyun Joong Im*, “The Effect of Affiliation with a Large Business Group on Trade Credit Finance: An Empirical Analysis of Chaebol Firms in Korea,” Journal of Business Finance and Accounting, Volume 51, Issue 7–8, July–August 2024, pp. 1828–1857. [ABDC Rating=A*; ABS Rating=3; SSCI] [SSRN Version]
[5] Hyun Joong Im*, Jiyeon Kim, and Dean Ryu, “Unified Government and the Value of Cash Holdings,” Finance Research Letters, Volume 58 (Part C), December 2023, Article 104546. [ABDC Rating=A; ABS Rating=2; SSCI] [SSRN Version]
[6] William Cheung, Hyun Joong Im*, and Srinivasan Selvam, “Stock Liquidity and Investment Efficiency: Evidence from the Split-Share Structure Reform in China,” Emerging Markets Review, Volume 56, September 2023, Article 101046. [ABDC Rating=A; ABS Rating=2; SSCI] [SSRN Version]
Western Economic Association International (WEAI) Annual Meeting, San Francisco, USA, 2019
Asian Meeting of Econometric Society (AMES), Xiamen, China, 2019
PKU–NUS Annual International Conference on Quantitative Finance and Economics, Shenzhen, China, 2019
Conference on Theories and Practices of Securities and Financial Markets (SFM), Kaohsiung, Taiwan, 2018
Conference on Asia-Pacific Financial Markets (CAFM), Seoul, Korea, 2018
Australasian Finance and Banking Conference (AFBC), Sydney, Australia, 2018
[7] Jong-Bom Chay, Byung-Uk Chong, and Hyun Joong Im*, “Dividend Taxes and Investment Efficiency: Evidence from the 2003 U.S. Personal Taxation Reform,” Journal of Accounting and Economics, Volume 75, Issue 1, February 2023, Article 101514. [FT Top Journal List; ABDC Rating=A*; ABS Rating=4*; SSCI] [SSRN Version]
[8] Hyun Joong Im, Robert Faff*, and Chang Y. Ha, “Uncertainty, Investment Spikes, and Corporate Leverage Adjustments,” Journal of Banking and Finance, Volume 145, December 2022, Article 106649. [ABDC Rating=A*; ABS Rating=3; SSCI] [SSRN Version]
China International Conference in Finance (CICF), Tianjin, China, 2018
PKU–NUS Annual International Conference on Quantitative Finance and Economics, Beijing, China, 2018
Asian Finance Association (AsFA) Annual Meeting, Seoul, Korea, 2017
Financial Management Association (FMA) Annual Meeting, Las Vegas, USA, 2016
World Finance Conference (WFC), New York, USA, 2016
Financial Management Association (FMA) Asia-Pacific Conference, Sydney, Australia, 2016
[9] Hyun Joong Im, Barry Oliver, and Heungju Park*, “The Effect of Stock Liquidity on Corporate Cash Holdings: The Real Investment Motive,” International Review of Finance, Volume 22, Issue 3, September 2022, pp. 580–596. [ABDC Rating=A; SSCI] [SSRN Version]
Supported by the 2021 Research Fund of the University of Seoul
[10] Hyun Joong Im and Byung-Uk Chong*, “Access to Public Capital Markets and the Extension of Trade Credit: An Empirical Analysis of Korean Public and Private Firms,” Finance Research Letters, Volume 46 (Part B), May 2022, Article 102484. [ABDC Rating=A; ABS Rating=2; SSCI] [SSRN Version]
[11] Hyun Joong Im, Jia Liu, and Young Joon Park*, “Policy Uncertainty and Peer Effects: Evidence from Corporate Investment in China,” International Review of Financial Analysis, Volume 77, October 2021, Article 101834. [ABDC Rating=A; ABS Rating=3; SSCI] [SSRN Version]
Financial Management Association (FMA) Asia-Pacific Conference, Taipei, Taiwan, 2017
China Meeting of the Econometric Society (CMES), Wuhan, China, 2017
Asian Meeting of the Econometric Society (AMES), Hong Kong, 2017
Conference on Asia-Pacific Financial Markets (CAFM), Seoul, Korea, 2017
PKU–NUS Annual International Conference on Quantitative Finance and Economics, Suzhou, China, 2017
[12] Hyun Joong Im*, Ya Kang, and Janghoon Shon, “How Does Uncertainty Influence Target Capital Structure?” Journal of Corporate Finance, Volume 64, October 2020, Article 101642. [ABDC Rating=A*; ABS Rating=4; SSCI] [RG Version]
China International Conference in Finance (CICF), Tianjin, China, 2018
PKU–NUS Annual International Conference on Quantitative Finance and Economics, Beijing, China, 2018
Asian Finance Association (AsFA) Annual Meeting, Seoul, Korea, 2017
Financial Management Association (FMA) Annual Meeting, Las Vegas, USA, 2016
Financial Management Association (FMA) Asia-Pacific Conference, Sydney, Australia, 2016
[13] Hyun Joong Im and Heungju Park*, “Lumpy Investment and Expected Stock Returns,” Economics Letters, Volume 193, August 2020, Article 109263. [ABDC Rating=A; ABS Rating=3; SSCI] [SSRN Version]
[14] Hyun Joong Im* and Janghoon Shon, “The Effect of Technological Imitation on Corporate Innovation: Evidence from US Patent Data,” Research Policy, Volume 48, Issue 9, November 2019, Article 103802. [FT Top Journal List; ABDC Rating=A*; ABS Rating=4*; SSCI] [SSRN Version]
[15] Hyun Joong Im*, “Asymmetric Peer Effects in Capital Structure Dynamics,” Economics Letters, Volume 176, March 2019, pp. 17–22. [ABDC Rating=A; ABS Rating=3; SSCI] [SSRN Version]
[16] Chang Yong Ha, Hyun Joong Im*, and Ya Kang, “Sticky Dividends: A New Explanation,” Finance Research Letters, Volume 23, November 2017, pp. 69–79. [ABDC Rating=A; ABS Rating=2; SSCI] [RG Version]
[17] Hyun Joong Im, Heungju Park*, and Gege Zhao, “Uncertainty and the Value of Cash Holdings,” Economics Letters, Volume 155, June 2017, pp. 43–48. [ABDC Rating=A; ABS Rating=3; SSCI] [SSRN Version]
[18] Hyun Joong Im, Young Joon Park*, and Janghoon Shon, “Product Market Competition and the Value of Innovation: Evidence from US Patent Data,” Economics Letters, Volume 137, December 2015, pp. 78–82. [ABDC Rating=A; ABS Rating=3; SSCI] [SSRN Version]
[* = corresponding author]
[2021] 한국 정부출자기업의 배당정책에 관한 연구 (기획재정부 연구용역) [Payout Policies for State-owned Enterprises in Korea (for Ministry of Economy and Finance) ]
Research Period: From May 2021 to October 2021
Participants: Hyun Joong Im (Principal investigator), Sangwon Lee, & 5 undergraduate students from the University of Seoul
Related Article: 정부, 2026년까지 출자기관 배당성향 '40% 동결'…기관 부담 덜어준다 (이투데이, 2022년 6월)