[Research Seminar 2017.09.25]AI Researches on DFKI and its application to Smart Factory

Title: AI Researches on DFKI and its application to Smart Factory   Abstract: German research center for Artificial intelligent (DFKI) is developing the platform, application and autonomous system and augmented reality. SmartFactoryKL initiated […]

[Research Seminar 2017.07.20]How do co-opted directors influence corporate risk-taking?

Speaker’s Name: YoungSang Kim (Professor/Northern Kentucky University) Abstract: Motivated by agency theory, we explore the effect of co-opted directors, i.e. directors appointed after the incumbent CEO assumes office, on corporate risk taking. Our r […]

[Research Seminar 2017.07.13] “Normal” is more normal for some asset classes

Speaker’s Name: Jaehyuk Choi (Assistant Prof./Peking University HSBC Business School)   Abstract: This study concerns normal stochastic volatility (NSV) model in which the price follows an arithmetic Brownian motion. The NSV model provides […]

[Research Seminar 2017.07.04] Do Investors Use Options and Futures to Trade on Different Types of Information? Evidence from an Aggregate Stock Index

Speaker’s Name: Kyounghun Bae (Assistant Prof./Hanyang University)   Abstract Option prices are sensitive to changes in volatility whereas futures prices are not. We investigate this distinction empirically and test the hypothesis that inv […]

[Research Seminar 2017.06.28] Consumer Search and Choice under Limited Product Information

Speaker’s Name: Jun B. Kim  (Associate Prof./Hong Kong University of Science and Technology) Abstract Empirical models of consumer search typically assume that consumers are fully informed about key product attribute values prior to search and […]

[Research Seminar 2017.06.19] “A Bold Move or Biting Off More than They Can Chew: Examining the Performance of Small Acquirers

Speaker’s Name: Kevin H. Kim (Assistant Prof./The University of Memphis) Abstract We investigate and explain an apparent contradiction in the prior literature on the performance of small acquirers. Small acquirers enjoy announcement period retu […]

[Research Seminar 2017.06.15] Informed Equity Ownership and Bank Loan Contracting

Speaker’s Name: Yi, Ha-Chin(Associate Prof./ Texas State University)   Abstract We take local institutional equity ownership as a proxy for informed and likely exogenous ownership and study the effect of informed equity ownership on credit […]

[Research Seminar 2017.04.21] Wage Differentials, Firm Investment, and Stock Returns

Speaker’s Name: Yongjun Kim (Ph.D., University of Illinois at Urbana-Champaign)   Abstract This study investigates the effects of labor costs on firms’ capital investments and stock returns. I estimate wage premia across U.S. industries an […]

[Research Seminar 2017.03.10] Indirect benefits of financial globalization: Evidence from small firms’ growth opportunities

Speaker’s Name: Dong Wook Lee (Professor, Korea University) Abstract : This paper measures the indirect impacts of financial globalization using the extent to which corporate growth opportunities—especially those of small-size companies—are cou […]

[Research Seminar 2017.01.23] A Bivariate Shot Noise Self-Exciting Process for Insurance

Speaker’s Name: Jang, Ji wook Senior Lecturer/Macquarie University, Australia Abstract : In this paper, we study a bivariate shot noise self-exciting process. This process includes both externally excited joint jumps following a homogeneous Poi […]