Friday, December 3, 2021
12:30 ~ 13:00 | Registration (2F) | |
13:00 ~ 14:30 | Academic Session 1, 2, 3, Doctoral Session I (2F) | |
14:45 ~ 16:15 | Academic Session 4, 5, 6, Doctoral SessionII (2F) | |
16:30 ~ 17:30 | Guest Lecture (2F) Morten Bennedsen (University of Copenhagen and INSEAD) |
Saturday, December 4, 2021
09:00 ~ 10:00 | Registration / Continental breakfast (2F) | |
10:00 ~ 11:30 | Academic Session 7, 8, 9, 10 (2F) | |
11:45 ~ 13:45 | Luncheon (2F, Orchid Room) | |
Welcome Address : | Dr. Kwangwoo Park President, Korean Securities Association Dr. Itay Goldstein University of Pennsylvania |
|
Keynote Speech : | ||
14:00 ~ 15:30 | Academic Session 11, 12, 13, 14 (2F) | |
15:45 ~ 17:15 | Academic Session 15, 16, 17, 18 (2F) | |
17:30 ~ 20:00 | Farewell Dinner (2F, Orchid Room) | |
Congratulatory Remarks : | Dr. Sung-wook Joh Chairperson, Korea Fair Trade Commission |
|
Keynote Speech : | Mr. Byungdoo Sohn Chairman and CEO, Korea Exchange |
|
Best Paper Award : | Dr. Junghoon Seon Program Chair |
Friday, December 3, 2021
TIME & Room 2F | Lilac | Tulip | Cosmos | Violet |
12:30~13:00 |
Registration & Welcome |
|||
13:00~14:30 |
Session 1 Big Data in Finance |
Session 2 Institutional Investors |
Session 3 Textual Analysis & Big Data |
Doctoral Student Session I |
14:30~14:45 |
Coffee Break |
|||
14:45~16:15 |
Session 4 Behavioral Finance |
Session 5 Market Efficiency & Anomalies
|
Session 6 Agency Theory & Contracts
|
Doctoral Student Session II |
16:15~16:30 |
Coffee Break |
|||
16:30~17:30 |
Guest Lecture |
Saturday, December 4, 2021
TIME & Room 2F | Lilac | Tulip | Cosmos | Violet |
09:00~10:00 |
Registration / Continental Breakfast |
|||
10:00~11:30 |
Session 7 Sustainable |
Session 8 Personal & Household Finance |
Session 9 Empirical Corporate Finance |
Session 10
Empirical Corporate Finance |
11:30~11:45 |
Break Time |
|||
11:45~13:45 |
Luncheon & Keynote Speech |
|||
13:45~14:00 |
Break Time |
|||
14:00~15:30 |
Session 11 Market Microstructure |
Session 12 Corporate Governance |
Session 13 Capital Structure |
Session 14 Mutual Funds |
15:30~15:45 |
Coffee Break |
|||
15:45~17:15 |
Session 15 Financial Intermediation |
Session 16 Corporate Investment |
Session 17 International Finance |
Session 18 Empirical Research in Finance |
15:45 ~ 17:15 |
Break Time |
|||
17:30 ~ 20:00 |
Award Ceremony & Farewell Dinner |
December 4, 13:00 - 14:30 |
Session 1 : Big Data in Finance Zoom Session Room [Password Required]
Chair : Chang-Soo Kim (Yonsei Univ.)
Room: Lilac
Title | Author | Discussant |
Francois Derrien (HEC Paris) |
TPengfei Li |
|
Zhuo Chen |
DuckKi Cho |
|
It’s Not Who You Know—It’s Who Knows You: Employee Social Capital and Firm Performance |
DuckKi Cho (Peking Univ.)* |
Ambrus Kecskes |
Session 2: Institutional Investors Zoom Session Room [Password Required]
Chair : Omrane Guedhami (Univ. of South Carolina)
Room: Tulip
Title | Author | Discussant |
Adam L. Aiken (Elon Univ) |
Jing Xie |
|
Carbon Emissions, Institutional |
Jie Cao (Chinese Univ. of Hong Kong) |
Soohun Kim |
Investing in Influence: Investors, Portfolio Firms, and Political Giving |
Marianne Bertrand (Univ. of Chicago) |
Ji Yeol Jimmy Oh |
Session 3 : Textual Analysis & Big Data Zoom Session Room [Password Required]
Chair : Kook-Hyun Chang (Konkuk Univ.)
Room: Cosmos
Title | Author | Discussant |
Tae-Hwy Lee (UC Riverside) |
Jaeram Lee |
|
Executives’ Blaming External Factors |
Joonki Noh |
Chang-Mo Kang |
Do Short Sellers Use Textual |
Hung Wan Kot (Univ. of Macau)* |
Daejin Kim |
Doctoral Student Session Ⅰ Zoom Session Room [Password Required]
Chair : Lilian Ng (York Univ.)
Room: Violet
Title | Author | Discussant |
Location Matters: The Impact of |
Suman Banerjee |
Jing Yu |
Pil-Seng Lee |
Rui Shen |
|
Do Speculators Exacerbate |
Jun Chen (UC San Diego) |
Sun Lin |
December 3, 14:45~16:15 |
Session 4: Behavioral Finance Zoom Session Room [Password Required]
Chair : Bong-Chan Kho (Seoul National Univ.)
Room: Lilac
Title | Author | Discussant |
Wang Renxuan |
Sungjune Pyun |
|
Wei He (Southwestern Univ.) |
Jung-Min Kim |
|
Investor Sentiment and the Pricing of |
Zhuo Chen (Tsinghua Univ.)* |
Hong Kee Sul |
Session 5: Market Efficiency & Anomalies Zoom Session Room [Password Required]
Chair : Kyoungwon Seo (Seoul National Univ.)
Room: Tulip
Title | Author | Discussant |
Cao Fang (Univ. of Arkansas)* |
Yongjun Kim |
|
Oleg Chuprinin (UNSW) |
Tong (Tony) Zhou |
|
The Pricing of Idiosyncratic Cash Flow |
Michael Gallmeyer (Univ. of Virginia) |
Xi Wang (Peking Univ.) |
Session 6: Agency Theory & Contracts Zoom Session Room [Password Required]
Chair: Dong Wook Lee (Korea Univ.)
Room: Cosmos
Title | Author | Discussant |
Institutional Investor Attention, Agency |
Sadok El Ghoul (Univ. of Alberta)
Omrane Guedhami |
Hyun Seung Na |
Othman Alolah (UC Riverside) |
Sunwoo Hwang |
|
Jun-Koo Kang |
Raymond Nam Kim |
Doctoral Student Session Ⅱ Zoom Session Room [Password Required]
Chair : Daehwan Kim (Knokuk Univ.)
Room: Violet
Title | Author |
Sanghak Choi (UNIST)* |
|
Suk-Joon Byun (KAIST) |
|
Fabricius Somogyi (Uni St.Gallen) |
Guest Lecture (16:30~17:30, December 3) |
|
Family Firms in Emerging Markets |
Morten Bennedsen |
December 4, 10:00-11:30 |
Session 7 : Sustainable Finance & Financial Intermediaries Zoom Session Room [Password Required]
Chair : Jun-Koo Kang (Nanyang Technological Univ.)
Room: Lilac
Title | Author | Discussant |
Zhichao Li (Durham Univ.) |
Le Zhang |
|
Sehoon Kim (Univ. of Florida) |
Xintong Zhan |
|
The Salience of ESG Ratings for Stock
Pricing: Evidence From (Potentially) |
Aleksandra Rzeźnik (York Univ.)* |
Qifei Zhu |
Session 8 : Personal & Household Finance Zoom Session Room [Password Required]
Chair: Jaewon Choi (Univ. of Illinois at Urbana-Champaign)
Room: Tulip
Title | Author | Discussant |
Financial Access and Labor Market
Outcomes: Evidence from Credit |
Bernadus Van Doornik |
Felipe Correia |
Leverage Made at Home: Investors’ |
Chunbo Liu (Southwestern Univ.)* |
Liheng Lei |
Byoung Uk Kang |
Eunji Oh |
Session 9 : Empirical Asset Pricing Zoom Session Room [Password Required]
Chair : Dongcheol Kim (SolBridge International school of Business)
Room: Cosmos
Title | Author | Discussant |
Firm Characteristics and Stock Price |
Yixin Chen (Univ. of Rochester)* |
Yixin Chen (Univ. of Rochester)* |
A One-factor Model for Expected |
Zhongjin (Gene) Lu (Univ. of Georgia) |
Byoung-Kyu Min |
Zhuo Chen (Tsinghua Univ.) |
Yixin Chen |
Session 10 : Empirical Corporate Finance Zoom Session Room [Password Required]
Chair : Jong-Bom Chay (Sungkyunkwan Univ.)
Room: Violet
Title | Author | Discussant |
Rui Dai (WRDS) |
Sehoon Kim |
|
Communities as Stakeholders: Impact |
Sudheer Chava (Georgia Tech) |
Ju Hyun Kim |
S. Katie Moon |
Jong-Min Oh |
Keynote Speech and Luncheon (11:45~13:45, December 4) Enter Zoom Youtube (Open to the Public) |
|
Financial Fragility and Mutual Funds |
Itay Goldstein |
December 4, 14:00-15:30 |
Session 11 : Market Microstructure Zoom Session Room [Password Required]
Chair : Hee-Joon Ahn (Sungkyunkwan Univ.)
Room: Lilac
Title | Author | Discussant |
Retail Trader Sophistication and Stock
Market Quality: Evidence from Brokerage |
Gregory W. Eaton (Oklahoma State Univ.)*
Clifton Green (Emory Univ.) |
Joonki Noh |
Coexisting Exchange Platforms: Limit |
Jun Aoyagi (HKUST) |
Jongsub Lee |
Anirudh Dhawan |
Gregory Eaton |
Session 12 : Corporate Governance Zoom Session Room [Password Required]
Chair : Hyun-Han Shin (Yonsei Univ.)
Room: Tulip
Title | Author | Discussant |
Sea-Jin Chang |
Fangbo Si |
|
Ning Gong (Deakin Univ.) |
Eyub Yegen |
|
Customer Concentration and Firm
Risk: The Role of Outside Directors |
Taeyeon Kim (Sungkyunkwan Univ.)* |
Guanming He |
Session 13: Capital Structure Zoom Session Room [Password Required]
Chair : Young Sang Kim (Northern Kentucky Univ.)
Room: Cosmos
Title | Author | Discussant |
Strategic Adjustment of Capital |
Eunpyo Hong |
Jungwon Suh |
Average Cash-Savings Rates in Equity |
Sadok El Ghoul (Univ. of Alberta) |
Hyeun Han |
Capital Structure under Imperfect
Product Market Competition: |
Hae Won Jung (Univ. of Melbourne)* |
Sooyoung Song |
Session 14: Mutual Funds Zoom Session Room [Password Required]
Chair : Junesuh Yi (Dongguk Univ.)
Room: Violet
Title | Author | Discussant |
Fund Flows in the Shadow of Stock |
Xiang Kang |
Heebum Lee |
Capital Allocation and the Market |
Jules H. van Binsbergen |
Donghyun Kim |
Are Passive Investors also Passive |
Jing Xie |
Jun Kyung Auh |
December 4, 15:45~17:15 |
Session 15 : Financial Intermediation Zoom Session Room [Password Required]
Chair : Jongsub Lee (Seoul National Univ.)
Room: Lilac
Title | Author | Discussant |
Natural Disasters and the Role of |
Hursit S. Celil |
Jiyoon Lee |
Jie Cao |
Dragon Tang |
|
The Carrot and the Stick: Bank Bailouts |
Christian Müecke (LeibnizInstitute for Financial Research SAFE) |
Dong Beom Choi |
Session 16 : Corporate Investment Zoom Session Room [Password Required]
Chair: Yao-Min Chiang (National Taiwan Univ.)
Room: Tulip
Title | Author | Discussant |
Creative Destruction and the Bright |
Shahram Amini (Univ. of Denver)* |
Doowon Lee |
Jaewan Bae (KAIST)* |
Jeewon Jang |
|
Collateral Constraints, Trademarks, and Corporate Activities |
Zhaoxia Xu (UNSW) |
Taehyun Kim |
Session 17: International Finance Zoom Session Room [Password Required]
Chair: Woojin Kim (Seoul National Univ.)
Room: Cosmos
Title | Author | Discussant |
Jung Sakong |
Hyun-Soo Choi |
|
Dong Wook Lee (Korea Univ.)* |
Yeejin Jang |
|
Learning Through Social Networks: |
Sumit Agarwal |
Hongkee Sul |
Session 18 : Empirical Research in Finance Zoom Session Room [Password Required]
Chair: Jinho Byun (Ewha Womans Univ.)
Room: Violet
Title | Author | Discussant |
Daisy Huang (South western Univ)* |
Hyemin Kim |
|
Risk Management with Variable |
Guojun Chen |
Junho Park |
It Depends Who you Ask: |
Constantinos Antoniou (Univ. of Warwick) |
Sung Won Seo |
December 4, 17:30~20:00 Enter Zoom Award Ceremony & Farewell Dinner |