Research

Live as if you were to die tomorrow. Learn as if you were to live forever.

(Mahatma Gandhi, 1869–1948)

 

 

Ph.D. Thesis

Title: Contagion of a Crisis, Corporate Governance, and Credit Rating

Advisors: Armando R. Gomes (Co-Chair), David K. Levine (Co-Chair), Todd T. Milbourn, Anjan V. Thakor [MY SUPER HEROES!!!]

 

Research Papers

1. "Contagion of a Liquidity Crisis Between Two Firms," Journal of Financial Economics, 107(2), 386-400, 2013.

2. "Recent Theories Regarding Financial Contagion," (with Hyunjoon Lim), Economic Analysis, 19(3), 111-140, 2013. (In Korean.)

3. "Assessing Competitive Conditions in Korea's Credit Rating Industry after the 1997 Financial Crisis," Economics Bulletin, 34(2), 1114-1121, 2014.

4. "Understanding Currency Crises and Their Contagion," (with Hyunjoon Lim), Journal of Economic Theory and Econometrics, 25(3), 30-62, 2014. (In Korean.)

5. "Do Credit Rating Concerns Lead to Better Corporate Governance? Evidence from Korea," (with Frederick L. Bereskin and Bushik Kim), Pacific-Basin Finance Journal, 35(PB), 592-608, 2015.

6. "Unique Equilibrium in a Model of Takeovers Involving Block Trades and Tender Offers," (with Sangkyu Baek), Finance Research Letters, 15(C), 208-214, 2015.

7. "Corporate Governance Structure and Product Market Competition," (with Kyung Suh Park), Applied Economics, 48(14), 1281-1292, 2016.

8. "The Effectiveness of Liquidity Provision during Debt Crises: Evidence from Korean Firm-Level Data," (with Hyunjoon Lim), Financial Stability Studies, 17(1), 1-37, 2016. (In Korean.)

9. "Did Foreign Ownership of Korean Credit Rating Agencies Improve Their Ratings?" (with Denis Yongmin Joe), Contemporary Economic Policy, 35(1), 193-200, 2017.

10. "Credit Ratings and Corporate Disclosure Behaviour: Evidence from Regulation Fair Disclosure in Korea," (with Junghum Park), Applied Economics, 49(35), 3481-3494, 2017.

11. "Foreign Investor Behavior in Korea after the 1997 Asian Financial Crisis," (with Denis Yongmin Joe), Journal of the Japanese and International Economies, 46(C), 69-78, 2017.

12. "Credit Ratings and Corporate Cash Holdings: Evidence from Korea's Corporate Reform after the 1997 Asian Financial Crisis," (with Denis Yongmin Joe), Japan and the World Economy, 45(C), 9-18, 2018.

13. "Spillover Effects Within Business Groups: The Case of Korean Chaebols," (with Denis Yongmin Joe), Management Science, 64(3), 1396-1412, 2018.

14. "Control-Ownership Disparity and Stock Market Predictability: Evidence from Korean Chaebols," (with Denis Yongmin Joe and Cheolbeom Park), Finance Research Letters, 27(C), 6-11, 2018.

15. "Owner-Managers and Firm Performance during the Asian and Global Financial Crises: Evidence from Korea," (with Denis Yongmin Joe and Dukhee Jung), Applied Economics, 51(6), 611-623, 2019.

16. "The Role of Chonsei as a Price Protector in the Korean Housing Market," (with Heejin Yoon), International Economic Journal, 33(1), 27-41, 2019.

17. "Foreign Ownership and Firm Innovation: Evidence from Korea," (with Denis Yongmin Joe and Heechan Yoo), Global Economic Review, 48(3), 284-302, 2019.

18. "Potential Competition and Quality Disclosure," (with Junghum Park), Journal of Economics & Management Strategy, 28(4), 614-630, 2019.

19. "The Efficiency of Financial Holding Companies in Korea," (with Garam Ahn and Junghum Park), Korean Economic Review, 36(1), 29-58, 2020.

20. "Corporate Innovation and Credit Default Swap Spreads," (with Hwang Hee Lee), Finance Research Letters, 32(C), 101082, 2020.

21. "Religion and Corporate Disclosure Quality," (with Donglim Shin), Hitotsubashi Journal of Economics, 61(1), 20-37, 2020.

22. "Does Product Market Competition Affect Corporate Governance? Evidence from Corporate Takeovers," (with Sean Seunghun Shin), Journal of Empirical Finance, 59(C), 68-87, 2020.

23. "The Role of Large Players in Global Games with Strategic Complements and Substitutes," (with Kyounghun Lee), Economics Letters, 198(C), 109688, 2021.

24. "Public Information and Global Games with Strategic Complements and Substitutes," (with Kyounghun Lee), Economics Letters, 199(C), 109703, 2021.

25. "Do Korean Chaebols Practice Noblesse Oblige? Evidence from Their CSR Activities," (with Denis Yongmin Joe and Jiyoung Lee), Economics and Business Letters, 10(1), 45-57, 2021.

26. "Credit Ratings and Liquidity Crises," (with Kyounghun Lee), International Journal of Economic Theory, forthcoming, 2019.

27. "The Impact of Mandatory K-IFRS Adoption on IPO Underpricing," (with Hyun Duk Lee and Junghum Park), International Journal of Finance & Economics, forthcoming, 2020.

28. "Social Capital and Firm Innovation: Evidence from Cooperative Banking in Korea," (with Heejin Yoon), Asia-Pacific Journal of Financial Studies, forthcoming, 2020.

29. "Internal Capital Markets and R&D Investment: Evidence from Korean Chaebols," (with Seiwoong Hong and Donglim Shin), Working Paper, 2020.

30. "Managerial Incentives and the Medium of Exchange in Takeovers," (with Junghum Park), Working Paper, 2020.

31. "Internal Labor Markets and Corporate Innovation: Evidence from Korean Chaebols," (with Kyounghun Lee, Donglim Shin, and Heejin Yoon), Working Paper, 2020.

32. "Does Venture Capital Investment Enhance Corporate Innovation? Evidence from Korea," (with Kyounghun Lee, Donglim Shin, and Heejin Yoon), Working Paper, 2020.

33. "Religion and Financial Development and Structure," (with Donglim Shin), Working Paper, 2020.

34. "Religion and Corporate Innovation," (with Donglim Shin), Working Paper, 2020.

35. "The Role of Credit Default Swaps in Determining Corporate Payout Policy," (with Hwang Hee Lee), Working Paper, 2021.

36. "Do Foreign Investors Make Firms More Transparent? Evidence from Korea," (with Junyong Lee), Working Paper, 2021.

37. "Religion and Corporate Fraud," (with Seiwoong Hong, Kyounghun Lee, and Donglim Shin), Working Paper, 2021.

38. "Central Bank Transparency and Contagious Currency Crises," Working Paper, 2021.

39. "A Large Creditor in Contagious Liquidity Crises," (with Junghum Park), Working Paper, 2021.

40. "Mandatory Disclosure, Investment, and Private Benefits of Control," (with Kyounghun Lee), Working Paper, 2021.

41. "Information Disclosure and Liquidity Crisis," (with Kyounghun Lee), Working Paper, 2021.

42. "Corporate Disclosure, Government Bailout, and Liquidity Crisis," (with Kyounghun Lee), Working Paper, 2021.

43. "Innovation Spillovers Within Business Groups: Evidence from Korean Chaebols," (with Kyounghun Lee, Donglim Shin, and Heejin Yoon), Working Paper, 2021.

44. "Religion and Cross-Border Mergers and Acquisitions," (with Donglim Shin), Working Paper, 2021.

45. "Credit Ratings and Corporate Risk-Taking Behavior: Evidence from Korea," (with Seiwoong Hong and Wonkyun Kim), Working Paper, 2021.

46. "Foreign Bank Entry and Performance of Domestic SMEs: Evidence from Korea," (with Junyong Lee), Work in Progress, 2021.

 

 

 

Back to Fred Dongchuhl Ohs Homepage