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2022

CALL FOR PAPERS The 17th Annual Conference on Asia-Pacific Financial Markets (CAFM)
Seoul, Korea, December 9-10, 2022

Korean Securities Association (KSA) is pleased to announce its 17th Annual Conference on Asia-Pacific Financial Markets (CAFM) to be held at the Westin Josun Hotel in Seoul, Korea, from December 9th to December 10th, 2022. We welcome interested scholars, practitioners, and policy-makers to submit research papers in all areas of finance for presentation at the conference.

Please note that we are closely monitoring the situation surrounding the coronavirus outbreak around the world. While we plan for an in-person conference this year, we also have a contingency plan that speakers can still participate at the conference online even in case with travel restriction.

KEYNOTE SPEAKER

The keynote speaker for the 17th annual CAFM will be Thierry Foucault, the HEC Foundation Chaired Professor of Finance at HEC Paris and a research fellow of the Center for Economic Policy (CEPR). He will give a keynote speech on “information and financial markets in the age of data abundance”. Professor Foucault is an expert in the areas of the determinants of financial markets liquidity, the industrial organization of these markets, and their effect on the real economy. His research has been published in top academic journals, including the Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics, and Management Science. He has received many research awards, including research awards from the Europlace Institute of Finance, the HEC Foundation, and the Western Finance Association. Professor Foucault is currently the Managing Editor of the Journal of Financial and Quantitative Analysis and the Associate Editor of the Journal of Economic Theory and the Journal of Finance. He also serves or has served on the scientific committees of the Autorité des Marchés Financiers, the Research Foundation of the Banque de France, the Group of Economic Advisors of the Committee of Economic and Markets Analysis of the European Securities and Markets Authority.

PAPER SUBMISSION

Papers written in English must be submitted via https://www.conftool.net/cafm2022, using MS Word or Adobe pdf file format from May 9th, 2022. The deadline for paper submission is August 22nd, 2022. The submitted papers will be reviewed for selection by the review committee in a double-blind referee process. The results will be notified to the author via email by September 30th, 2022. If you have any questions with the paper submission, please let us know via email at cafm2022@gmail.com.

All papers must be accompanied by an abstract of a maximum of 200 words. The cover page of the paper should contain the paper’s title, the author’s name, affiliation, address, phone number, and email address. The second page should contain the paper’s title and abstract only. The programs for the previous CAFM conferences can be accessed at the website, http://www.apjfs.org.

BEST PAPER AWARDS

If your paper is accepted for presentation at the conference, your paper is eligible to compete for a Best Paper Award of US$2,000 (or KRW 2,000,000). Eight (8) best papers will be awarded at the Gala dinner to each presenting author. The awarded papers will also be invited for fast-track review and publication in the Asia-Pacific Journal of Financial Studies (AJFS), which is the first finance SSCI journal in the Asia-Pacific region.

GUEST LECTURE

Professor Allaudeen Hameed will lead a special lecture session for the 17th annual CAFM. Professor Hameed is Tang Peng Yeu Professor of Finance at the National University of Singapore. He is an expert in the areas of investments and financial markets, and his work has been published in leading finance journals such as the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies.

DOCTORAL STUDENT WORKSHOP AND BEST DISSERTATION AWARD

Doctoral students are also welcomed to present their dissertations at the doctoral student workshop of the conference, which will be led by active and renowned scholars to be announced later. The Best Dissertation Award of US$ 1,000 (or KRW 1,000,000) will be given to the best thesis.

DUAL SUBMISSION OPTION WITH AJFS and KJFS

The 17th annual CAFM will feature a dual submission option with AJFS. If you choose the option at the time of paper submission, your paper accepted for the conference will be additionally invited for submission and considered for publication by the editors of AJFS with the journal submission fee waived. For further details about the Journal, please visit http://wileyonlinelibrary.com/journal/ajfs.

Also, applicants can choose for an option for the Korean Journal of Financial Studies (KJFS), another official journal of KSA. For further details about the Journal, please visit https://www.e-kjfs.org.

ABOUT SEOUL

Seoul is the capital and largest metropolis in South Korea, and has been the capital for more than 600 years. With a municipal population over 9.9 million, the city is one of the largest financial and cultural centers in East Asia. Situated on the Han River, Seoul is considered a leading and rising global city, filled with a fascinating blend of ancient traditions and cutting-edge digital technology, home to endless street food vendors, beautiful royal palaces, and serene Buddhist temples. As the birthplace of K-pop and Korean Wave, Seoul receives over 10 million international visitors every year, making it one of the world’s most visited cities.

CONFERENCE HOTEL

The Westin Josun Seoul is one of the leading hotels in Korea. Selected as one of the world’s top 100 hotels by International Financial Institutional Investors in 1999 and 2003 and as the best hotel in Seoul for the fifth consecutive years by FinanceAsia, the hotel is conveniently located in the heart of the city, within walking distance to royal palaces and shopping centers. Please visit the hotel website at https://www.marriott.com/hotels/travel/selwi-the-westin-josun-seoul/

PROGRAM COMMITTEE CHAIR

Hyun-Han Shin, Yonsei University

CONFERENCE CONTACT

For additional information, please contact us via email at cafm2022@gmail.com.

Program of Conference

Friday, December 9, 2022

12:30 ~ 13:00 Registration & Welcome (2F)
13:00 ~ 14:30 Academic Session 1, 2, 3, Doctoral Session I (2F)
14:45 ~ 16:15 Academic Session 4, 5, 6, 7 (2F)
16:30 ~ 17:30 Guest Lecture (2F)
Dr. Allaudeen Hameed (National University of Singapore)
17:30 ~ 19:00 Welcome Reception (2F, Orchid Room)
Welcome Address : Dr. Junghoon Seon
President, Korean Securities Association

Saturday, December 10, 2022

09:00 ~ 10:00 Registration (2F)
10:00 ~ 11:30 Academic Session 8, 9, 10, Doctoral Session II (2F)
11:45 ~ 13:45 Luncheon (2F, Orchid Room)
Welcome Address : Dr. Junghoon Seon
President, Korean Securities Association
Keynote Speech : Dr. Thierry Foucault
HEC Paris
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)
Keynote Speech : Dr. Byungdoo Sohn
Chairman and CEO, Korea Exchange
Best Paper Award : Dr. Hyun-Han Shin
Program Chair

CAFM 2022 At-a-glance Program Schedule

Friday, December 9, 2022

TIME & Room 2F Lilac Tulip Cosmos Violet
Zoom Link
(password required)
Zoom Session Room Zoom Session Room Zoom Session Room Zoom Session Room
12:30~13:00 Registration & Welcome (2F, The Westin Josun Seoul Hotel)
13:00~14:30
(9 + DSC 3)
Session 1 AI and Cryptoasset in Finance Session 2 Institutional Investors Session 3 ESG Doctoral Student Consortium I
14:30~14:45 Coffee Break
14:45~16:15
(12)
Session 4 Behavioral Finance Session 5 Bond Premium Session 6 Debt Financing Session 7 Labor and Finance
16:15~16:30 Coffee Break
16:30~17:30 Guest Lecture
Dr. Allaudeen Hameed (National University of Singapore)
Zoom Session Room
17:30~19:00 Welcome Reception
(2F, Orchid Room)

Saturday, December 10, 2022

TIME & Room 2F Lilac Tulip Cosmos Violet
Zoom Link
(password required)
Zoom Session Room Zoom Session Room Zoom Session Room Zoom Session Room
09:00~10:00 Registration
(2F, The Westin Josun Seoul Hotel)
10:00~11:30
(9 + DSC 3)
Session 8 Corporate Governance Session 9 Corporate Social Responsibility Session 10 Empirical Asset Pricing Doctoral Student
Consortium II
11:30~11:45 Break Time
11:45~13:45 Luncheon & Keynote Speech (2/F, Orchid Room)

Dr. Thierry Foucault (HEC Paris)
Zoom Session Room
13:45~14:00 Break Time
14:00~15:30
(12)
Session 11 Household Finance Session 12 Environmental Issues and Corporate Decisions Session 13 Investments Session 14 Innovations in Finance
15:30~15:45 Coffee Break
15:45~17:15
(12)
Session 15Financial Intermediation Session 16Climate Finance Session 17Information Diffusion Session 18Empirical Corporate Finance
17:15~17:30 Break Time
17:30~20:00 Award Ceremony & Farewell Dinner
(2F, Orchid Room)
Zoom Session Room

Program Details

December 9, 13:00 - 14:30

Session 1: AI and Cryptoasset in Finance Zoom Session Room [Password Required]
  • Chair : Bong-Gyu Jang (Postech)
  • Room: Lilac
Title Author Discussant
Understanding the determinants of bond excess returns using explainable AI Lars Beckmann (University of Münster)*
Joern Debener (University of Münster)
Johannes Kriebel (University of Münster)
Gabjin Oh (Chosun University)
An Algorithm to Prevent Being Picked Off by Algorithms: An Examination of IEX’s D-Limit Order Type Seongkyu {Gilbert} Park (Willamette University)*
Patrik Sandas (University of Virgina)
Daejin Kim (Sungkyunkwan University)
Daejin Kim (Sungkyunkwan University) Lin William Cong (Cornell University)
Campbell R. Harvey (Duke University)
Daniel Rabetti (Tel Aviv University)*
Byung Hwa Lim (Sungkyunkwan University)
Session 2: Institutional Investors Zoom Session Room [Password Required]
  • Chair : Hee-Joon Ahn (Sungkyunkwan University)
  • Room: Tulip
Title Author Discussant
Rational Factor Rotation Lawrence Pohlman (Adaptive Investments)*
Debasish Guha (SP Jain)
Michael Wasson (Pebblewriter)
Chulwoo Han (Sungkyunkwan University)
Outsourced Fund and Risk-taking: A Tale of Two Contracts Jung Hoon Lee (Vanderbilt University)*
Saurin Patel (University of Western Ontario)
Shyam Venkatesan (University of Western Ontario)
Hyung Chul Lee (Chungbuk National University)
Investor Learning and the Aggregate Allocation of Capital to Active Management Jeong Ho {John} Kim (Emory University)* Da-Hea Kim (Sungkyunkwan University)
Session 3: ESG Zoom Session Room [Password Required]
  • Chair : Chang-Soo Kim (Yonsei University)
  • Room: Cosmos
Title Author Discussant
ESG Commitment and the Value of "Walking the Talk": Evidence from Closed-End Funds Hyun-Soo Choi (KAIST)
Hugh Hoikwang Kim (University of South Carolina)
Yun-Soo Kim (KAIST)*
Jing Xie (The Hong Kong Polytechnic University)
The Hidden Cost of Going Green: Evidence from Firm-Level Violations & Employee Reviews Arshia Farzambar (York University)
Pouyan Foroughi (York University)
Lilian Ng (York University)*
Linyang Yu (York University)
Hugh Hoikwang Kim (University of South Carolina)
Does ESG negative screening work? Robert Eccles (Oxford University)
Shiva Rajgopal (Columbia University)
Jing Xie (The Hong Kong Polytechnic University)*
Lilian Ng (York University)
Doctoral Student Consortium I Zoom Session Room [Password Required]
  • Chair : Dong Beom Choi (Seoul National University)
  • Room: Violet
Title Author
Bank Competition and Entrepreneurial Gaps: Evidence from Bank Deregulation Xiang Li (Boston College)*
Environmental regulatory risks, firm pollution, and mutual funds' portfolio choices Simon Xu (University of California at Berkeley)*
His Pain Is Your Gain: Inter-Firm Linkages and Exchange Rate Exposure Yancheng Qiu (HKUST)*

December 9, 14:45 - 16:15

Session 4: Behavioral Finance Zoom Session Room [Password Required]
  • Chair : Keunsoo Kim (Kyung Hee University)
  • Room: Lilac
Title Author Discussant
Earnings Extrapolation and Predictable Stock Market Returns Hongye Guo (Hong Kong University)* Eunjung Yeo (Chung-Ang University)
CEO Social Capital and Non-GAAP Earnings Disclosures William McCumber (Louisiana Tech University)
Huan Qiu (Millsaps College)*
Michael Luehlfing (Louisiana Tech University)
Jonghwan Kim (Yonsei University)
Are Researcher CEOs Better Innovators? George J. Jiang (Washington State University)
Wenquan Li (The University of Queensland)
Yaohua Li (University of Glasgow)
He Wang (Southern University of Science and Technology)*
Namjong Kim (Korea Institute of Finance)
Session 5: Bond Premium Zoom Session Room [Password Required]
  • Chair : Jangkoo Kang (KAIST)
  • Room: Tulip
Title Author Discussant
News Sentiment and Bond Risk Premia Chang-Mo Kang (Hanyang University)
Donghyun Kim (Chung-Ang University)
Hoyoung Park (Hanyang University)*
Hankil Kang (Dankook University)
Different Shades of Green: Estimating the Green Bond Premium using Natural Language Processing Emanuela Benincasa (University of Zurich, Swiss Finance Institute)*
Jonathan Fu (University of Zurich)
Mrinal Mishra (University of Zurich)
Adityavardhan Paranjape (Zurich Insurance Group)
Chulwoo Han (Sungkyunkwan University)
Credit Information Ambiguity Premia Hwagyun Kim (Texas A&M University)
Ju Hyun Kim (Ajou University)
Heungju Park (Sungkyunkwan University)*
Haekwon Lee (University of Sydney)
Session 6: Debt Financing Zoom Session Room [Password Required]
  • Chair : Young Ho Eom (Yonsei University)
  • Room: Cosmos
Title Author Discussant
Lending at arm’s length: How do sovereign ceiling policies really matter for corporate borrowers? Suk-Joong Kim (University of Sydney)*
Panagioti Politsidis (Audencia Business School)
Eliza Wu (University of Sydney)
Iftekhar Hasan (Fordham University)
Heungju Park (Sungkyunkwan University)
Tariff Uncertainty and Cost of Debt Huasheng Gao (Fudan University)
Yuxi Wang (Shanghai Jiao Tong University)*
Taejin Kim (Korea University)
Debt-equity Conflicts and Efficiency of Distressed Firms: Evidence from Banker-directors in Japan Kentaro Asai (Australian National University)
Dong Beom Choi (Seoul National University)*
Jiyoon Lee (Yonsei Univesrity)
Session 7: Labor and Finance Zoom Session Room [Password Required]
  • Chair : Sung Chul Bae (Bowling Green State University)
  • Room: Violet
Title Author Discussant
Inalienable Human Capital and Inevitable Corporate Payouts Kose John (New York University)
Xiaoran Ni (Xiamen University)*
Chi Zhang (UMass Lowell)
Hogyu Jhang (Chungnam National University)
How Does Declining Worker Power Affect Investment Sensitivity to Minimum Wage? Sreedhar Bharath (Arizona State University)
DuckKi Cho (Peking University HSBC Business School)
Michael Hertzel (Arizona State University)*
Jungwon Suh (Sungkyunkwan University)
Growing beyond firm boundaries through strategic alliances: Role of labor market frictions Hyemin Kim (Hanyang University)*
Min Suk Lee (Chulalongkorn University)
Angie Low (Nanyang Technological University)
Heejin Park (Pusan National University)
  • Room: Violet
Guest Lecture (16:30~17:30, December 9)
Zoom Session Room [Password Required]
Liquidity and Asset Returns Allaudeen Hameed
(National University of Singapore)
  • Room: Orchid
December 9, 17:30~19:00
Welcome Reception

December 10, 10:00 - 11:30

Session 8: Corporate Governance Zoom Session Room [Password Required]
  • Chair : Inmoo Lee (KAIST)
  • Room: Lilac
Title Author Discussant
Out of Sight: Employee Safety Following Hedge Fund Activism Mark DesJardine (Pennsylvania State University)
Lixiong Guo (University of Alabama)*
Zhiyan Wang (University of Alabama)
Sunwoo Hwang (Korea University)
Equity Issues and (the Value of) Cash: New International Evidence Sadok El Ghoul (University of Alberta)
Omrane Guedhami (University of South Carolina)
Hyunseok Kim (National Pension Research Institute)
Jungwon Suh (Sungkyunkwan University)*
Taehyun Kim (Chung-Ang University)
Boards and Bonds in Bad Times Sadok El Ghoul (University of Alberta)
Omrane Guedhami (University of South Carolina)
Sattar Mansi (Virginia Tech)
Jeffrey Pittman (Memorial University of Newfoundland)
Hyo Jin Yoon (University of Texas at El Paso)*
Lixiong Guo (University of Alabama)
Session 9: Corporate Social Responsibility Zoom Session Room [Password Required]
  • Chair : Kyung Suh Park (Korea University)
  • Room: Tulip
Title Author Discussant
Corporate Social Responsibility and Post-merger Labour Restructuring Jiajun Tao (City, University of London)* Daewoong Choi (Louisiana State University)
Corporate social responsibility in family succession: Evidence from Korean business groups Yoona Lee (KCGS)*
Jiyoon Lee (Yonsei University)
Hyejin Park (Korea Capital Market Institute)
Jiajun Tao (City, University of London)
The Mitigation of Reputational Risk via Responsive CSR: Evidence from Securities Class Action Lawsuits Daewoung Choi (Louisiana State University, Shreveport)*
Douglas Cook (University of Alabama)
M. Tony Via (Kent State University)
Weiwei Zhang (James Madison University)
Yoona Lee (KCGS)
Session 10: Empirical Asset Pricing Zoom Session Room [Password Required]
  • Chair : Baeho Kim (Korea University)
  • Room: Cosmos
Title Author Discussant
Does the options market underreact to firms’ left-tail risk? Bei Chen (Shanghai International Studies University)*
Quan Gan (University of Sydney)
Aurelio Vasquez (ITAM)
Da-Hea Kim (Sungkyunkwan University)
The Asset-Pricing Implications of Carbon Risk in Korea Dojoon Park (Yonsei University)
Jiyoon Lee (Yonsei University)
Hyejin Park (Korea Capital Market Institute)*
Hope Hyeun Han (UNIST)
Mutual Fund Flows and Capital Supply in Municipal Financing Manuel Adelino (Duke University)
Sophia Chiyoung Cheong (City University of Hong Kong)
Jaewon Choi (University of Illinois and Yonsei University)
Ji Yeol Jimmy Oh (Hanyang University)*
Chang Joo Lee (KAIST)
Doctoral Student Consortium II Zoom Session Room [Password Required]
  • Chair : Ryoonhee Kim (KAIST)
  • Room: Violet
Title Author
Biased Judges? Judge Characteristics and Bankruptcy Outcomes Donghyun Kang (Copenhagen Business School)*
Global Corporate Default Clustering and Contagion Yanru Lee (University of North Carolina at Chapel Hill)*
Are All Durable Assets Created Equal? The Impact of Price Appreciation on Investment Soon Hyeok Choi (Cornell University)*
  • Room: Orchid
Luncheon & Keynote Speech (11:45~13:45, December 10)
Zoom Session Room [Password Required]
Information and Financial Markets in the Age of Data Abundance Thierry Foucault (HEC Paris)

December 10, 14:00 - 15:30

Session 11: Household Finance Zoom Session Room [Password Required]
  • Chair : Tong Suk Kim (KAIST)
  • Room: Lilac
Title Author Discussant
Long-Term Expectations Richard Sias (University of Arizona)
Laura Starks (University of Texas Austin)
Harry Turtle (Colorado State University)*
Kyoung-Kuk Kim (KAIST)
Optimal Retirement with Long-Run Income Risk Shan Huang (Georgia Institute of Technology)
Seyoung Park (University of Nottingham)*
Jane Yoo (Ajou University)
Inchang Hwang (KIRI)
Politicians' Asset Allocation and Economic Bill Proposals Hyun-Soo Choi (KAIST)
Hugh Hoikwang Kim (University of South Carolina)
Paul Youngwook Kim (KAIST)*
Hyo Seob Lee (Korea Capital Market Institute)
Session 12: Environmental Issues and Corporate Decisions Zoom Session Room [Password Required]
  • Chair : Jongsub Lee (Seoul National University)
  • Room: Tulip
Title Author Discussant
The Optimal Design of Green Securities Adelina Barbalau (University of Alberta)*
Federica Zeni (World Bank)
Keeyoung Rhee (Postech)
Environmental regulation, pollution, and shareholder wealth Seungho Choi (Queensland University of Technology)
Jonghyeon Park (University of Technology Sydney)*
Simon Xu (University of California at Berkeley)
Heebum Lee (Korea University)
Every emission you create–every dollar you’ll donate: The effect of regulation-induced pollution on corporate philanthropy Seungho Choi (Queensland University of Technology)*
Jonghyeon Park (University of Technology Sydney)
Simon Xu (University of California at Berkeley)
Changhyun Ahn (The Chinese University of Hong Kong)
Session 13: Investments Zoom Session Room [Password Required]
  • Chair : Jong-Bom Chay (Sungkyunkwan University)
  • Room: Cosmos
Title Author Discussant
Mixed Roles of Analysts: Announcement Return Reversal and Information Asymmetry Linda Chen (University of Idaho)
Wei Huang (University of Minnesota, Duluth)
George Jiang (Washington State University)*
Arseny Gorbenko (Monash University)
Short Seller Skills in the Global Context: Public News Processing vs. Private Information Gathering Arseny Gorbenko (Monash University)* Lyungmae Choi (City University of Hong Kong)
The Role of Employees as Information Intermediaries: Evidence from Their Professional Connections DuckKi Cho (Peking University HSBC Business School)
Lyungmae Choi (City University of Hong Kong)*
Stephen A. Hillegeist (Arizona State University)
George Jiang (Washington State University)
Session 14: Innovations in Finance Zoom Session Room [Password Required]
  • Chair : Junesuh Yi (Dongguk University)
  • Room: Violet
Title Author Discussant
Diffused Errors along Technology Spillovers: Evidence from the 510(k) Medical Device Market Po-Hsuan Hsu (National Tsing Hua University)
Kyungran Lee (University of Hong Kong)
S. Katie Moon (University of Colorado)
Seungjoon Oh (Peking University HSBC Business School)*
Jong-Min Oh (Sungkyunkwan University)
Contingent Employment and Innovation Sunwoo Hwang (Korea University)* Hyoung-Goo Kang (Hanyang University)
Financial Development and Innovation: The Role of Market Structure Jaebeom Kim (Oklahoma State University)*
Xiaoyang Zhu (Wichita State University)
Hyun Joong Im (University of Seoul)

December 10, 15:45 - 17:15

Session 15: Financial Intermediation Zoom Session Room [Password Required]
  • Chair : Joon-Ho Hahm (Yonsei University)
  • Room: Lilac
Title Author Discussant
The shadow disintermediation and cost of risk-sensitive capital Irem Erten (Warwick Business School)* Sei-Wan Kim (Ewha Womans University)
Bank Reporting Decisions on Problem Loans: Evidence from Natural Disaster Responses Seong Jin Ahn (KAIST)
Yong Kyu Gam (University College Dublin)*
Heung Jin Kwon (Korea Institute of Finance)
Competition and Lending Standards with Multidimensional Private Information Seokwoo Lee (University of Maryland)*
William Mann (Emory University)
Seok-Kyun Hur (Chung-Ang University)
Session 16: Climate Finance Zoom Session Room [Password Required]
  • Chair : Kwangwoo Park (KAIST)
  • Room: Tulip
Title Author Discussant
Climate-related Disclosure Commitment of the Lenders, Credit Rationing, and Borrower Environmental Performance Iftekhar Hasan (Fordham University)
Haekwon Lee (University of Sydney)*
Buhui Qiu (University of Sydney)
Anthony Saunders (New York University)
Junho Park (Myongji University)
Is ESG a Managerial Style? Tianyu Cai (University of New South Wales)
Leo Liu (University of New South Wales)
Jason Zein (University of New South Wales)
Hao Zhang (University of New South Wales)*
Soohun Kim (KAIST)
Corporate Decarbonization under Financial Constraints: International Evidence Lilian Ng (York University)
Xiaoqiong Wang (Indiana University Kokomo)
Jing Yu (The University of Sydney)*
Wei {Victor} Huang (University of Hawaii at Manoa)
Session 17: Information Diffusion Zoom Session Room [Password Required]
  • Chair : Daejin Kim (Sungkyunkwan University)
  • Room: Cosmos
Title Author Discussant
Insider Trading in News Deserts Hangsoo Kyung (The Hong Kong Polytechnic University)
Jonathan Nam (The Hong Kong Polytechnic University)*
Junyoup Lee (Ajou University)
Profiting from Rival Firms’ Cyberattacks: Evidence from Informed Trading by Insiders with Social Ties Jun-Koo Kang (Nanyang Technological University)
Jungmin Kim (The Hong Kong Polytechnic University)*
Fangbo Si (Jinan University)
Chang-Mo Kang (Hanyang University)
Information Diffusion into Multi-(Secretive)-Segment Firms C.S.Agnes Cheng (University of Oklahoma)
Chengwei Wang (Sungkyunkwan University)*
Hyun Seung Na (Korea University)
Session 18: Empirical Corporate Finance Zoom Session Room [Password Required]
  • Chair : Sang Gyung Jun (Hanyang University)
  • Room: Violet
Title Author Discussant
The Economics of Legal Uncertainty David Schoenherr (Princeton University)*
Jan Starmans (Stockholm School of Economics)
Jiwon Lee (Princeton University)
Ji Yeol Jimmy Oh (Hanyang University)
Tax Cuts, Firm Growth, and Worker Earnings: Evidence from Small Business Deductions in Canada Terry {Seok Min} Moon (University of British Columbia)*
Yige Duan (University of British Columbia)
Eun-Jung Shin (Baekseok University)
Cash Flow Duration and M&A Activity Sudheer Chava (Georgia Institute of Technology)
Da-Hea Kim (Sungkyunkwan University)*
Heungju Park (Sungkyunkwan University)
Sun Min Kim (KCGS)
  • Room: Orchid
December 10, 17:30~20:00 Zoom Session Room [Password Required]
Award Ceremony & Farewell Dinner

2022 CAFM Program Committee

Hyun-Han Shin (Chair) Yonsei University
Chang-Mo Kang Hanyang University
Daejin Kim Sungkyunkwan University
Dong Beom Choi Seoul National University
Dongyoup Lee Kookmin University
Dowan Kim Hansung University
Eun-Jung Shin Baekseok University
Hee-Eun Kim Myongji University
Hyoung-Goo Kang Hanyang University
Hyun-Dong Kim Sogang University
Jiyoon Lee Yonsei University
Jong-Min Oh Sungkyunkwan University
Jun Kyung Auh Yonsei University
Junesuh Yi Dongguk University
Junho Oh Hankuk University of Foreign Studies
Junho Park Myongji University
Kaun Y. Lee Chung-Ang University
Kyoung-Min Kwon Hongik University
Saeyeul Park Yonsei University
Sang Whi Lee Kyung Hee University
Sangwon Lee University of Seoul
Taehyun Kim Chung-Ang University
Yongjun Kim University of Seoul
Yongmin Joe Korea University

2022 CAFM Review Committee

Hyun-Han Shin (Chair) Yonsei University
Allaudeen Hameed National University of Singapore
Baeho Kim Korea University
Byeong-Je An Nanyang Technological University
Byoung Uk Kang Hong Kong Polytechnic University
Byoung-Kyu Min Hanyang University
Chang-Mo Kang Hanyang University
Chune Young Chung Chung-Ang University
Cristian Ioan Tiu University at Buffalo
Daejin Kim Sungkyunkwan University
Daniel Kim BI Norwegian Business School
David Schoenherr Princeton University
Dong Beom Choi Seoul National University
Hee-Joon Ahn Sungkyunkwan University
Hongping Tan McGill University
Hugh Hoikwang Kim University of South Carolina
Hyun Seung Na Korea University
Hyun Soo Doh Hanyang University, ERICA
Hyun-Soo Choi KAIST
Inmoo Lee KAIST
Jaewon Choi UIUC and Yonsei University
Jangkoo Kang KAIST
Ji Yeol Jimmy Oh Hanyang University
Jie He University of Georgia
Jingzhi Huang Pennsylvania State University
Jinho Byun Ewha Womans University
Jin-Mo Kim Rutgers University
Ji-Woong Chung Korea University
Jiyoon Lee Yonsei University
Jong-Min Oh SungKyunKwan University
Jongsub Lee Seoul National University
Joonghyuk Kim Korea University
Joonki Noh Case Western Reserve University
Jun Kyung Auh Yonsei University
Jung Chul Park University of South Florida
Jung Hoon Lee Vanderbilt University
Jungmin Kim The Hong Kong Polytechnic University
Jungsuk Han Seoul National University
Jung-Wook Kim Seoul National University
Jun-Koo Kang Nanyang Technological University
Junyoup Lee Ajou University
Kewei Hou Ohio State University
Kyoungwon Seo Seoul National University
Lilian Ng York University
Omrane Guedhami University of South Carolina
Ryoonhee Kim KAIST
Seongkyu (Gilbert) Park Willamette University
Seungjoon Oh Peking University
Shu-Feng Wang Ajou University
Soohun Kim KAIST
Taehyun Kim Chung-Ang University
Takeshi Yamada Australian National University
Yenn-Ru Chen National Chengchi University

17th Annual Conference on Asia-Pacific Financial Markets
(CAFM 2022)
December 9~10, 2022
The Westin Josun Seoul Hotel, Seoul, Korea and via Zoom

We invite you to join CAFM 2022 either on-site at the Westin Josun Seoul Hotel in Seoul, Korea or via Zoom on December 9th and 10th, 2022. Click here to register for the Conference by November 30th, 2022. (https://www.conftool.net/cafm2022)

For those who are already in Korea, please note that there are limited seats for the maximum of 100 for on-site registration with a fee of USD100. On-site registered participants can secure their spot to the luncheon with keynote address, the farewell dinner with the award ceremony, and several coffee breaks.

You can also participate at CAFM 2022 on-line via Zoom. The fee for online participation is USD50, while the fee is reduced at USD25 for the members of Korean Securities Association.

This year, the CAFM conference features

  • ■ Keynote Address
    Thierry Foucault (HEC Paris), “Information and financial markets in the age of data abundance”
  • ■ Guest Lecture
    Allaudeen Hameed (National University of Singapore)

The conference consists of 18 main program sessions and 2 doctoral student sessions. More detailed information on the conference program will be available online soon at the session overview site https://www.conftool.net/cafm2022, where only registered participants can have access to the papers.

If you are not a registered user, you will be asked to create your account by completing your personal information, and then go to “Register as Participant” menu to pre-register before November 23rd, 2022.
For more information, please contact us by sending an email to cafm2022@gmail.com.

Thank you very much, and we will look forward to welcoming you here in Seoul!

Sincerely,

Junghoon Seon, President, Korean Securities Association
Hyun-Han Shin, Program Chair, CAFM 2022

Making a Reservation

We have secured 20 rooms at a special CAFM 2022 conference rate at Crown Park Hotel Seoul. The conference hotel, Westin Josun, can be reached on foot in less than a minute from Crown Park Hotel Seoul. The KRW 180,000/night conference rate for Standard Double rooms is available for the nights of Dec. 8th, 9th, and 10th.

To make a reservation, please fill out the payment authorization form and send it to cafm2022@gmail.com by November 23rd. You can download the form by clicking the link below. Reservations will be made on a first-come, first-served basis.

Download the payment authorization form

Direction to Crown Park Hotel Seoul

FROM Incheon International Airport (ICN)

Travel Distance : Approximately 63 km/39 miles

Taxi

  • • Fee : 70,000 KRW
  • • Travel Time : 90 minutes

SUBWAY TRAIN

  • • Fee : 4,150 KRW (Passenger Terminal 1)
  • • Fee : 4,750 KRW (Passenger Terminal 2)
  • • Direction : Take AREX at Incheon International Airport Station bound for Hong Ik University At Hong Ik Univ Station, Transfer to Transit Line Number 2 toward City hall Get off at City Hall Station and exit Gate # 6. Walking distance to Crown Park Hotel Seoul.
  • • Travel Time : 90 minutes

FROM Gimpo International Airport (GMP)

Travel Distance : Approximately 25 km/16 miles

Taxi

  • • Fee : 30,000 KRW
  • • Travel Time : 50 minutes

SUBWAY TRAIN

  • • Fee : 1,450 KRW
  • • Direction : Take AREX at Gimpo International Airport Station bound for Hong Ik University For remaining directions, please refer to those above from Incheon International Airport.
  • • Travel Time : 60 minutes

Contact Information

· For additional information, Please contact one of us

Junghoon Seon, Ph.D.,
President of the KSA (jhseon@konkuk.ac.kr),
Konkuk University

Hyun-Han Shin, Ph.D.,
Program Chair and Review Committee Chair (hanshin@yonsei.ac.kr),
Yonsei University

· Korean Securities Association

6F, Korea Financial Investment Association Building 143 Uisadang-daero, Yeongdeoungpo-gu, Seoul, Korea
Fax : 82-2-783-6359
E-mail : cafm2022@gmail.com..