학력
- The Ohio State University 대학원 경영학과 (경영학 박사 재무전공), 2003년
- 서울대학교 대학원 경영학과 (경영학 석사 재무전공), 1996년
- 서울대학교 경영학과 (경영학 학사), 1994년
경력
- 고려대학교 경영대학 경영학과 교수 (2014.9~현재)
- 고려대학교 경영대학 경영학과 부교수 (2009.9~2014.8)
- 고려대학교 경영대학 경영학과 조교수 (2006.9~2009.8)
- University of Kentucky 조교수 (2003.7~2006.6)
학회활동 및 대외활동
- 한국금융학회 부회장 (2025.7~2026.6)
- 재무연구(Asian Review of Financial Research) 편집위원장 (2024.1~2025.12)
- 금융위원회 증권선물위원회 비상임위원 (2022.9.20~2025.9.19)
- 기획재정부 연기금 평가위원 (2019, 2025, 2026)
- 한국재무학회 부회장 (2023.1~2023.12)
- 재무연구(Asian Review of Financial Research) 편집위원 (2020.1~현재)
- 증권학회지(Korean Journal of Financial Studies) 편집위원장 (2021.3~2022.5)
- University of Michigan 방문학자 (2019.12~2021.7; 2023.11~2024.10)
- 중소기업중앙회 소기업상공인공제 리스크관리위원 (2017~2019)
- 공무원연금 대체투자위원 (2016~2019)
- 건설근로자 공제회 투자심의위원 (2014~2019)
- The Ohio State University 방문학자 (2012.7~2013.8; 2015.8~2016.2)
- 수자원공사 투자금융위원 (2012~2015)
- 고려대학교 경영대학 재무금융 분야주임 (2013.9~2015.6; 2021.9~2023.8)
- 고려대학교 Finance-MBA 주임교수 (2010~2011)
주요 연구실적
- Unbundling institutions for corporations (with Jee-eun Lee and Lingxia Sun) Global Finance Journal, September 2025
- Can swap basis predict foreign exchange rate? Evidence from Korea (with Eun-young Shin) Asian Review of Financial Research, May 2022
- The role of second-tier exchange in corporate valuation: Evidence from Korea (with Hee Jung Choi). Asia-Pacific Journal of Financial Studies, December 2021
- Why does equity capital flow out of high Tobin’s q industries? (with Han Shin and René Stulz). Review of Financial Studies, April 2021
- Dollar-weighted return on aggregate corporate sector: How is it distributed across countries? (with Lingxia Sun). Pacific-Basin Finance Journal, October 2019
- Does the SME exchange properly function as a “growth market”? A Look through its correlation with private-firm growth (with Hee Jung Choi). Korean Journal of Financial Studies, August 2019
- Factor exposures of foreign equity capital in a domestic stock market: Evidence from Korea (with Lingxia Sun). International Review of Finance, December 2017
- Stock return commonality within business group: Fundamentals or sentiment? (with Min-su Kim and Woojin Kim). Pacific-Basin Finance Journal, November 2015
- The role of trading volume in the “volatility puzzle”. Asia-Pacific Journal of Financial Studies, October 2015
- Takeover vulnerability and the behavior of short-term stock returns (with Joon Chae and Shu Feng Wang). Journal of Corporate Finance, September 2013
- Short selling by individual investors: Destabilizing or price discovering? (with Chan Shik Jung and Woojin Kim). Pacific-Basin Finance Journal, January 2013
- The role of the temporary component in spot prices in the revision of expected future spot prices: Evidence from index futures quotes (with Hyung Cheol Kang, Eun Jung Lee, and Kyung Suh Park). Journal of Futures Markets, March 2012
- Does more information in stock price lead to higher or lower firm-specific return variation? (with Mark Liu). Journal of Banking and Finance, June 2011
- Does the difference in valuation between domestic and foreign investors help explain their distinct holdings of domestic stocks? (with Hyung Cheol Kang and Kyung Suh Park). Journal of Banking and Finance, December 2010
- Does institutional activism increase shareholder wealth?: Evidence from spillovers on non target companies (with Kyung Suh Park). Journal of Corporate Finance, September 2009 REIT capital budgeting and equity marginal q (with Brent Ambrose). Real Estate Economics, September 2009
- Can investor heterogeneity be used to explain the cross-section of average stock returns in emerging markets? (with Chan Shik Jung and Kyung Suh Park). Journal of International Money and Finance, June 2009
- How do employees view their underwater stock options?: Evidence from the stock option exchange program. Journal of Financial Services Research, June 2009
- Do corporate managers manipulate the stock price to have a lower exercise price for their stock options?: Some evidence from the U.S. stock market. 재무연구, November 2007
- Comovement after joining an index: Spillovers of nonfundamental effect (with Brent Ambrose and Joe Peek). Real Estate Economics, April 2007
- U.S. banks, crises, and bailouts: From Mexico to LTCM (with Bong-Chan Kho and René Stulz). American Economic Review Papers and Proceedings, May 2000
진행 논문
- Does organizational capital help or hurt? A look through corporate age effect (with Jee-eun Lee)
- Choices between corporate papers and corporate bonds
- What Explains Cross-Country Difference in Corporate Valuations? Growth Opportunities or Profitability? (with Lingxia Sun)
기타
- 한국연구재단 연구과제 (NRF-2020S1A5A2A01042572), 2020
- 한국연구재단 연구과제 (NRF-2015S1A5A2A01013715), 2015
- 한국연구재단 연구과제 (NRF-2012S1A2A1A01030725), 2012
- RERI annual research grant -- Real Estate Research Institute, Hartford, CT, 2007
- Behavioral Economics Roundtable grant -- Russell Sage Foundation, New York, NY, 2005
- CIBER grant -- The Ohio State University, Columbus, OH, 2003
- European Financial Management Association annual meetings best research award (2005)
- Asian Review of Financial Research 최우수논문 (2022)
- Korean Journal of Financial Studies 최우수논문-금융기관,금융시장분야(2019)
- 재무학회추계학술대회최우수논문(2019)
- 경영학회하계학술대회최우수논문(2016)
- 재무통합학회학술대회최우수논문(2011)
- 재무학회최우수논문(2008)
- CAFM우수논문(2006)
- Pace-Setter –The Ohio State University, Columbus, OH, 2003
- PEGS scholarship –The Ohio State University, Columbus, OH, 2001