Location
2024
Program of Conference
Thursday, December 12, 2024
| 12:30~13:00 | Registration & Welcome (6F) | |
| 13:00~14:30 | Academic Session 1,2,3,4 (6F) | |
| 14:55~16:25 | Academic Session 5,6,7,8 (6F) | |
| 16:30~17:30 | Guest Lecture (6F, Studio 1+2+3) Dr. Dong Lou (The Hong Kong University of Science and Technology) |
|
| 18:00~19:30 | Welcome Reception (6F, Studio 1+2+3) | |
| Welcome Address : | Dr. Junesuh Yi President, Korean Securities Association |
|
Friday, December 13, 2024
| 9:00~10:00 | Registration (6F) | |
| 10:00~11:30 | Academic Session 9,10,11,12 (6F) | |
| 11:45~13:45 | Luncheon (6F, Studio 1+2+3) | |
| Keynote Speech : | Kai Li (University of British Columbia) | |
| 14:00~15:30 | Academic Session 13, 14, 15, Doctoral Session I (6F) | |
| 15:45~17:15 | Academic Session 16, 17, 18, Doctoral Session II (6F) | |
| 17:30~20:00 | Farewell Dinner (6F, Studio 1+2+3) | |
| Congratulatory Remarks : | Soyoung Kim Vice Chiarman, Financial Services Commission |
|
| Award Ceremony : | Dr. Junesuh Yi President, Korean Securities Association Dr. Jin. Q. Jeon Program Chair |
|
CAFM 2024 At-a-glance Program Schedule
Thursday, December 12, 2024
| TIME & Room 6F | Studio 4 | Studio 5 | Studio 6 | Studio 7 |
|---|---|---|---|---|
| 12:30~13:00 | Registration & Welcome (6F, The CONRAD) | |||
| 13:00~14:30 (12) |
Session 1 Financial Intermediation | Session 2 Fintech, Cryptocurrency & Decentralization | Session 3 Sustainability and Finance | Session 4 Empirical Asset Pricing |
| 14:30~14:45 | Coffee Break | |||
| 14:45~16:15 (12) |
Session 5 Mutual Funds | Session 6 ESG and Finance | Session 7 Fixed Income | Session 8 Information Contents in Finance |
| 16:15~16:30 | Coffee Break | |||
| 16:30~17:30 | Guest Lecture (6F, Studio 1+2+3) Dong Lou (The Hong Kong University of Science and Technology) |
|||
| 18:00~19:30 | Welcome Reception(6F, Studio 1+2+3) (6F, Ara) |
|||
Friday, December 13, 2024
| TIME & Room 6F | Studio 4 | Studio 5 | Studio 6 | Studio 7 |
|---|---|---|---|---|
| 09:00~10:00 | Registration (6F, The CONRAD) | |||
| 10:00~11:30 (12) |
Session 9 Bank Management | Session 10 Corporate Governance | Session 11 Big Data and Corporate Finance | Session 12 Household Finance |
| 11:30~11:45 | Break Time | |||
| 11:45~13:45 | Luncheon & Keynote Speech (6F, Studio 1+2+3) Kai Li (University of British Columbia) |
|||
| 13:45~14:00 | Break Time | |||
| 14:00~15:30 (9 + DSC3) |
Session 13 Institutional Investors | Session 14 Trading and Pricing | Session 15 Corporate Managers | Doctoral Student Consortium I |
| 15:30~15:45 | Coffee Break | |||
| 15:45~17:15 | Session 16 Empirical Research in Finance | Session 17 Equity Market | Session 18 Technology, Innovation & Stock Returns | Doctoral Student Consortium II |
| 17:15~17:30 | Break Time | |||
| 17:30~20:00 | Award Ceremony & Farewell Dinner (6F, Studio 1+2+3) |
|||
Program Details
Thursday, December 12, 13:00 - 14:30
Session 1: Financial Intermediation
- Chair : Kim, Bum (Soongsil University)
- Studio 4
| Title | Author | Discussant |
|---|---|---|
| Bank Sentiment and Loan Loss Provisioning | Bae, Junsung (KAIST)* Berger, Allen N. (University of South Carolina) Choi, Hyun-Soo (KAIST) Kim, Hugh Hoikwang (University of South Carolina)* |
Park, Heungju (Sungkyunkwan University) |
| Alerting Banks to Climate Risks: Impact of Bad Air Quality Shocks on Pricing Loans for Brown Firms |
Berger, Allen N. (University of South Carolina) Choi, Hyun-Soo (KAIST) Kim, Hugh Hoikwang (University of South Carolina)* Kim, Yun-Soo (KAIST) |
Yang, Kisung (Soongsil University) |
| Bank Sentiment and Loan Loss Provisioning | Bae, Junsung (KAIST)* Berger, Allen N. (University of South Carolina) Choi, Hyun-Soo (KAIST) Kim, Hugh Hoikwang (University of South Carolina)* |
Park, Heungju (Sungkyunkwan University) |
| Savings-and-Credit Contracts | Schoenherr, David (Seoul National University)* Gomes, Armando (Washington University at St. Louis) Skrastins, Janis (Washington University at St. Louis) Doornik, Bernadus (Banco Central do Brasil) |
Doh, Hyun Soo (Hanyang University ERICA) |
Session 2: Fintech, Cryptocurrency and Decentralization
- Chair : Chang, Kook Hyun (Konkuk University)
- Studio 5
| Title | Author | Discussant |
|---|---|---|
| DAO Governance | Han, Jungsuk (Seoul National University)* Lee, Jongsub (Seoul National University) Li, Tao (University of Tao) |
Bae, Jaewan (Gachon University) |
| Inflation Expectation and Cryptocurrency Investment | Ruan, Qihong (Cornell University)* Cong, Lin William (Cornell University/NBER) Ghosh, Pulak (Indian Institute of Management, Bangalore) Li, Jiasun (George Mason University) |
Han, Jungsuk (Seoul National University) |
| FinTech Platforms and Asymmetric Network Effects : Theory and Evidence from Marketplace Lending |
Cong, Lin William (Cornell University/NBER) Tang, Ke (Tsinghua University Institute of Economics) Xie, Danxia (Tsinghua University Institute of Economics) Zhao, Weiyi (Zhongnan University of Economics and Law)* |
Ruan, Qihong (Cornell University) |
Session 3: Sustainability and Finance
- Chair : Schoenherr, David (Seoul National University)
- Studio 6
| Title | Author | Discussant |
|---|---|---|
| Climate Capitalists | Gormsen, Niels (Chicago Booth) Huber, Kilian (Chicago Booth) Oh, Sangmin Simon (Columbia Business School)* |
Goldman, Jim (McGill University) |
| Managerial Career Concerns and Corporate Environmental Policies | Kang, Chang-Mo (Hanyang University)* Kim, Donghyun (Chung-Ang University) Kim, Taehyun (Chung-Ang University) |
Hwang, Sunwoo (Korea University) |
| The Value of Sustainability: Evidence from Sustainability Linked Bonds | Kim, Hak-Kyum (Korea Exchange/Hankuk University of Foreign Studies) Park, Heungju (Sungkyunkwan University)* Lee, Sunhyuk (Georgia Institute of Techonology)* |
Kim, Kyungmin (Seoul National University) |
Session 4 Empirical Asset Pricing
- Chair : Wang, Shu-Feng (Ajou University)
- Studio 7
| Title | Author | Discussant |
|---|---|---|
| Getting to the Core: Inflation Risks Within and Across Asset Classes | Fang, Xiang (University of Hong Kong)* Liu, Yang (University of Hong Kong) Roussanov, Nikolai (Wharton School, University of Pennsylvania/NBER) |
Sirmans, Stace (Auburn University) |
| Sovereign Overhang and the Integration of Equity and Credit Markets Around the World |
Lee, Jongsub (Seoul National University) Naranjo, Andy (University of Florida) Sirmans, Stace (Auburn University)* |
Kim, Ju Hyun (Ajou University) |
| Buy-Sell Imbalances On and Around Round Numbers and High-Frequency Trading |
Lee, Albert (Hanyang University)* | Lee, Jaeram (Hankuk University of Foreign Studies) |
Thursday, December 12, 14:45 - 16:15
Session 5 Mutual Funds
- Chair : Ahn, Hee-Joon (Sungkyunkwan University)
- Room: Studio 4
| Title | Author | Discussant |
|---|---|---|
| Intended Consequences of More Frequent Portfolio Disclosure | Chung, Ji-Woong (Korea University)* Jo, Koren (SUNY Korea) Kang, Sejin (Ohio State University) Kim, Jaeouk (NH Economic Research Institute) |
Hwang, Soosung (Sungkyunkwan University) |
| Contract Evaluation Horizon and Fund Performance | Lee, Jung Hoon (Office of Financial Research, US Treasury)* Nam, Jayoung (Southern Methodist University) Pool, Veronika (Vanderbilt University) Zhang, Feng (Southern Methodist University) |
Cho, Thummim (Korea University) |
| Silent Swing: Do Open-End Funds Tilt Holdings Valuations in Response to Flows? |
Choi, Jaewon (Seoul National University) Kronlund, Mathias (University of Illinois Urbana-Champaign) Oh, Ji Yeol Jimmy (Sungkyunkwan University)* |
Kim, Daejin (Sungkyunkwan University) |
Session 6: ESG and Finance
- Chair : Na, Hyun Seung (Korea University)
- Studio 5
| Title | Author | Discussant |
|---|---|---|
| Appointing Charity Directors in Response to ESG Incidents | Gertsberg, Marina (The University of Melbourne) Jung, Hae Won {Henny} (The University of Melbourne)* Zhang, Yuyang (The University of Melbourne) |
Kim, Jungmin (The Hong Kong Polytechnic University) |
| Assessing ESG Metric Designs: Implications for ESG Outcomes and CEO Compensation | Park, Jongwon (The Hong Kong Polytechnic University)* Hyun, Jeong-Hoon (Chung-Ang University) Baek, In Gyun (National University of Singapore) |
|
| Married CEOs and the “S” in ESG Management | Cho, Chanho (Black Hills State University)* Choi, Daewoung (University of Washington Bothell) Mooney, Tim (Thomas Jefferson University) |
Hwang, Sunwoo (Korea University) |
Session 7: Fixed Income
- Chair : Lee, Inmoo (KAIST)
- Studio 6
| Title | Author | Discussant |
|---|---|---|
| Uninformed Private Debt Market with Liquid Credit Derivatives | Oh, Junho (Hankuk University of Foreign Studies)* Lee, Jongsub (Seoul National University) Naranjo, Andy (University of Florida) |
Kang, Jungkoo (Harvard University) |
| Pricing the Priceless: The Financing Cost of Biodiversity Conservation | Chen, Fukang (Renmin Unversity of China) Chen, Minhao (Renmin University of China) Cong, Lin William (Cornell University/NBER) Gao, Haoyu (Renmin University of China)* Ponticelli, Jacopo (Kellogg School of Management, Northwestern University) |
Oh, Sangmin Simon (Columbia University) |
| Macro-Financial Interactions and Yield Curve Dynamics: An Empirical Analysis with Affine Term Structure Model |
Jang, Ga-young (Hanyang University) Kang, Hyoung-Goo (Hanyang University)* Kim, Daejin (Sungkyunkwan University) Lee, Dongjoon (Georgia Institute of Technology) |
Noh, Sungho (Korea Capital Market Institute) |
Session 8: Information Contents in Finance
- Chair : Hwang, Byoung-Hyoun (Nanyang Technological University)
- Room: Studio 7
| Title | Author | Discussant |
|---|---|---|
| Look who’s disagreeing - the effect of soft information dispersion on firm risk and returns | Lee, Pil-Seng (Baylor University) Choi, Hyung-Eun (Neoma University)* Harit, Tuhin (The University of Texas at Dallas) |
Shon, Janghoon (University of New South Wales) |
| Endogenous Corporate Disclosure During the COVID-19 Lockdown | Jang, Yeejin (University of New South Wales)* Lee, Jongsub (Seoul National University) Kim, Taehyun (Chung-Ang University) |
Chung, Byung Hun (Nanyang Technological University) |
| The Impact of Corporate Crypto Holdings on Analysts' Forecasting Environment | Huang, Yi (University of Bristol)* Korczak, Adriana (University of Bristol) JTsileponis, Nikos (University of Bristol) |
Ahn, Changhyun (Chinese University of Hong Kong) |
- Room: Studio 1+2+3
| Guest Lecture (16:30~17:30, December 12) |
|
|---|---|
| Inferring Mutual Fund Intra-Quarter Trading: An Application to ESG Window Dressing | Lou, Dong (The Hong Kong University of Science and Technology) |
- Room: Studio 1+2+3
| Welcome Reception (18:00~19:30, December 12) | |
|---|---|
| Welcome Address | Yi, Junesuh President, Korean Securities Association |
Friday, December 13, 10:00 - 11:30
Session 9: Bank Management
- Chair : Choi, Dong Beom (Seoul National University)
- Room: Studio 4
| Title | Author | Discussant |
|---|---|---|
| CEO Ownership, Risk Management, and Bank Runs at Unlimited Liability Banks During the 1890s | Anderson, Haelim (Bank Policy Institute) Choi, Jaewon (Seoul National University) Rhee, Jennifer (FDIC)* |
Rhee, Keeyoung (Sungkyunkwan University) |
| Does social media make banks more fragile? Evidence from Twitter | Gam, Yong Kyu (University College Dublin)* Liu, Chunbo (Shanghai Invernational Studies University) Xu, Yongxin (Monash University) |
Jeung, Jinoug (Chinese University of Hong Kong) |
| Optimal Communication in Banking Supervision | Kim, Jeong Ho {John} (Florida State Univesity)* Kim, Kyungmin (Emory University) Liu, Victoria (Federal Reserve Bank of Boston) Tanner, Noam (Federal Reserve Bank of Boston) |
Lee, Seung Joo (University of Oxford) |
Session 10: Corporate Governance
- Chair : Kim, Woojin (Seoul National University)
- Room: Studio 5
| Title | Author | Discussant |
|---|---|---|
| Bridging the Gap: The Impact of Board-Management Commonality on Firm Value and Board Decision-Making Effectiveness | Kang, Jun-Koo (Nanyang Technological University) Kim, Jungmin (The Hong Kong Polytechnic University)* Peng, Shu-Cing (National Central University) Yun, Hayong (Michigan State University) |
Im, Jieun (Hansung Univeristy) |
| ESG Reputational Risk in Family Firms: Evidence from Korean Chaebols | Choi, Daewoung (University of Washington) Im, Jieun (Hansung University)* Kang, Min Jung (University of Michigan) Shin, Hojong (California State University) |
Oh, Jong-Min (Sungkyunkwan University) |
| Why can't the market add and subtract? Evidence from central firms in business groups | Kim, Woojin (Seoul National University)* Wang, Shu-Feng (Ajou University) |
Syung Jin Han (Hongik University) |
Session 11 Big Data and Corporate Finance
- Chair : Park, Kwangwoo (KAIST)
- Room: Studio 6
| Title | Author | Discussant |
|---|---|---|
| Learning Production Process Heterogeneity: Implications of Machine Learning for Corporate M&A Decisions | Lee, Jongsub (Seoul National University)* Yun, Hayong (Michigan State University) |
Lopez-Lira, Alejandro (University of Florida) |
| Lexical similarity in corporate announcements and its valuation impact: Evidence from profit warnings in Hong Kong | Kot, Hung Wan (Chinese University of Hong Kong) Tam, Lewis H.K. (University of Macau) Xu, Xin (University of Macau)* |
Oh, Seungjoon (Peking University) |
| AlphaManager: A Data-Driven-Robust-Control Approach to Corporate Finance | Campello, Murillo (University of Florida/NBER) Cong, Lin William (Cornell University/NBER)* Zhou, Luofeng (New York University) |
Zhou, Luofeng (New York University)* |
Session 12 Household Finance
- Chair : Kim, Chang-Soo (Yonsei University)
- Room: Studio 7
| Title | Author | Discussant |
|---|---|---|
| Short-Run Income Shocks and Long-Run Distortions in Household Investments | Kim, Minsoo (University of Melbourne) Kim, Sehoon (University of Florida) Lee, Yoon Kang (University of Melbourne) Park, Hoonsuk (University of Melbourne)* |
Choi, Sangyup (Yonsei University) |
| Nonbank Growth and Local Housing Prices | Choi, Hyun-Soo (KAIST)* Deng, Yongheng (University of Wisconsin-Madison) Yoon, Heejin (University of Wisconsin-Madison) |
Park, Hoonsuk (University of Melbourne) |
| Asymmetric Mortgage Channel of Monetary Policy: Refinancing as a Call Option | Choi, Sangyup (Yonsei University)* Jeong, Kimoon (University of Virginia) Kim, Jiseob (Yonsei University/University of Rochester) |
Park, Sunjin (Hongik University) |
- Room: Studio 1+2+3
| Luncheon & Keynote Speech (11:45~13:45, December 13) | |
|---|---|
| Big Data and Machine Learning in ESG Research | Li, Kai (University of British Columbia) |
Friday, December 13, 14:00 - 15:30
Session 13 Institutional Investors
- Chair : Joh, Sung Wook (Seoul National University)
- Room: Studio 4
| Title | Author | Discussant |
|---|---|---|
| Institutional Ownership Concentration and Informational Efficiency | Xiong, Yan (University of Hong Kong) Yang, Liyan (University of Toronto) Zheng, Zexin (The Hong Kong University of Science and Technology)* |
Park, Haerang (Korea University) |
| Extrapolative Investor Demand and Reflexivity in Credit Booms and Busts | Choi, Jaewon (Seoul National University) Jeon, Byounghyun (Marquette University)* Shin, Seunghun (KAIST) |
Zheng, Zexin (The Hong Kong University of Science and Technology) |
| Sell-Side Analysts and Mutual Fund Managers: Complements or Substitutes? | Oh, Byungmin (Meritz) Park, Haerang (Korea University)* |
Seo, Sung Won (Konkuk University) |
Session 14 Trading and Pricing
- Chair : Kim, Myung-Jig (Hanyang University)
- Room: Studio 5
| Title | Author | Discussant |
|---|---|---|
| Does Trading Volume Mitigate or Amplify Mispricing? | Duan, Xinrui (Shenzhen University)* Guo, Li (Fudan University) Tu, Jun (Singapore Management University) Wang, Luying (Singapore Management University) |
Lee, Albert (Hanyang University) |
| Cross-market convergence trading in the options market | Lee, Jaeram (Hankuk University of Foreign Studies)* Ryu, Doojin (Sungkyunkwan University) Yang, Heejin (Dongguk University-WISE) Yu, Jinyoung (Xi'an Jiaotong-Liverpool University) |
Goh, Jihoon (Pusan National University) |
| Kyle in a Triangle: Asymmetric Information and Strategic Trading in Connected Markets with Redundant Assets | Maurer, Thomas (The University of Hong Kong) Pantalfini, Matteo (The University of Hong Kong)* |
Duan, Xinrui (Shenzhen University) |
Session 15 Corporate Managers
- Chair : Kim, Noolee (Hanyang University)
- Room: Studio 6
| Title | Author | Discussant |
|---|---|---|
| Managerial Incentives, Financial Innovation, and Risk-Management Policies | Kim, Son Ku (Seoul National University) Lee, Seung Joo (University of Oxford)* Titman, Sheridan (University of Texas at Austin) |
Kim, Andy (Sungkyunkwan University) |
| Restricting Top Executive Pay and Corporate Mergers and Acquisitions | Lan, Tian (City University of Hong Kong) Pan, Luyao (South China Normal University)* |
Kim, Hyeong Joon (Dongguk University) |
| Executive social networks and CEO compensation | Kim, Hyeong Joon (Dongguk University)* | Kim, Hee-Eun (Myongji University) |
Doctoral Student Consortium I
- Chair : Choi, Hyun-Soo (KAIST)
- Room: Studio 7
| Title | Author | discussant |
|---|---|---|
| Style Switching and Asset Pricing | Wang, Huaizin (Tsinghua University)* | Noh, Don (The Hong Kong University of Science and Technology) |
| Short-term overreaction and the cross-section of stock returns | Goh, Jihoon (Pusan National University) Kim, Donghoon (KAIST)* Lim, Sonya (DePaul University) |
Kim, Jeong Ho {John} (Florida State University) |
| Gangnam Style Investment | Han, Hyukhee (KAIST)* Park, Kwangwoo (KAIST) Oh, Wonseok (KAIST) |
Kim, Hugh Hoikwang (University of South Carolina) |
Friday, December 13, 15:45 - 17:15
Session 16 Empirical Research in Finance
- Chair : Kang, Hyoung-Goo (Hanyang University)
- Room: Studio 4
| Title | Author | Discussant |
|---|---|---|
| Currency Risk Under Capital Controls | Liu, Sining (Soochow University)* Liu, Yang (The University of Hong Kong) Fang, Xiang (The University of Hong Kong) |
Jung, Hyeonjong (Korea Investment Securities) |
| Opioid Epidemic and the Implied Cost of Equity Capital | Cao, Jie {Jay} (The Hong Kong Polytechnic University) Zhan, Xintong {Eunice} (Fudan University)* Zhang, Weiming {Elaine} (IE University Zhang, Yaojia {Zoe} (The Chinese University of Hong Kong) |
Kang, Hyoung-Goo (Hanyang University) |
| Do Investors Value Firms' Commitment to Employee Rights: Evidence from Abortion Bans |
Que, Tingting (University of Macau)* Tian, Xiaoli (Georgetown University) Xie, Jing (University of Macau) Yu, Miaomiao (University of North Carolina at Charlotte) |
Kang, Chang-Mo (Hanyang University) |
Session 17 Equity Market
- Chair : Seon, Junghoon (Konkuk University)
- Room: Studio 5
| Title | Author | Discussant |
|---|---|---|
| On Welfare in Over-the-counter and Centralized Markets | Falasconi, Luigi (University of Pennsylvania) Maselli, Alfonso (University of Pennsylvania) Xu, Clara Chi (The Wharton School of the University of Pennsylvania)* |
Doh, Hyun Soo (Hanyang University ERICA) |
| For Whom the Trading Pauses | Ahn, Yongkil (Seoul National University of Science and Technology) Choi, Hyun-Soo (KAIST) Noh, Don (Hong Kong University of Science and Technology)* |
Kim, Daehwan (Konkuk University) |
| Selling Private Equity Fees | Gahng, Minmo (Cornell University)* Jackson, Blake (University of Florida) |
Jhang, Hogyu (Chungnam National University) |
Session 18 Technology, Innovation, and Stock Returns
- Chair : Kim, Sol (Hankuk University of Foreign Studies)
- Room: Studio 6
| Title | Author | Discussant |
|---|---|---|
| Second-Tier Stock Exchanges and Growth of High-Tech Entrepreneurship | Gao, Huasheng (Fudan University) Hsu, Po-Hsuan (National Tsing Hua University) Wang, Yuxi (Shanghai Jiao Tong University)* |
Kang, Hankil (Dankook University) |
| Innovating Green: Competition Meets Regulation | Dai, Rui (WRDS) Duan, Rui (McMaster University) Ng, Lilian (York University)* |
Oh, Junho (Hankuk University of Foreign Studies) |
| Salience Theory and Stock Returns: The Role of Reference-Dependent Preferences | Goh, Jihoon (Pusan National University)* Byun, Suk-Joon (KAIST) Kim, Donghoon (KAIST) |
Wang, Yuxi (Shanghai Jiao Tong University) |
Doctoral Student Consortium II
- Chair : Lee, Jiyoon (Yonsei University)
- Room: Studio 7
| Title | Author | discussant |
|---|---|---|
| Financing Intangibles | Bianca He(University of Chicago)* | |
| Mandatory Disclosure and ESG Initiative: Evidence from the Smaller Reporting Company Rule | Shin, Jewon (Penn State University)* | Cheong, Chiyoung (ESSCA School of Management) |
| Corporate social responsibility and R&D risk premium: evidence from Korea | Jin, Meiyan (Yonsei University)* Cho, Wonho (Kwangwoon University) Lee, Jiyoon (Yonsei University) |
Sohn, Sungbin (Sogong University) |
| The Silver Lining of Investor Disagreement: Reducing Risk with "Smart" ESG Transitions | Na, Menglong (ESSEC)* | Cho, Wonho (Kwangwoon University) |
- Room: Studio 1+2+3
| Award Ceremony & Award Ceremony & Farewell Dinner (17:30~20:00, December 13) | |
|---|---|
| Congratulatory Remarks | Kim, Soyoung (Vice Chairman, Financial Services Commission) |
| Best Paper Award | Yi, Junesuh (President, Korean Securities Association) Jeon, Jin. Q. (Program Chair) |
CALL FOR PAPERS The 19th Annual Conference on Asia-Pacific Financial Markets
(CAFM)
Seoul, Korea, December 12-13, 2024
Korean Securities Association (KSA) is pleased to announce its 19th Annual Conference on Asia-Pacific Financial Markets (CAFM), which will be held at the CONRAD Seoul from December 12th (Thursday) to December 13th (Friday), 2024. We welcome interested scholars, practitioners, and policy-makers to submit research papers in all areas of finance for presentation at the conference.
KEYNOTE SPEAKER
The keynote speaker for the 19th CAFM will be Kai Li, the Canada Research Chair in
Corporate Governance and the W. Maurice Young Endowed Chair in Finance at the UBC Sauder School of
Business, University of British Columbia. She currently serves as the Managing Editor of the Journal
of Financial and Quantitative Analysis (JFQA).
Professor Li’s research primarily focuses on the economic consequences of corporate governance
mechanisms. Her work has garnered recognition and has appeared in leading journals in Finance and
Economics, such as the Journal of Finance, Journal of Financial Economics, Review of Financial
Studies, Journal of Financial and Quantitative Analysis, Management Science, Journal of
International Business Studies, among others.
Additionally, Professor Li plays an active role on various editorial boards in the fields of Finance
and Economics. She is a member of the Editorial Board for the Journal of International Business
Studies, Journal of Financial Intermediation, Journal of Financial Stability, and Pacific-Basin
Finance Journal. Furthermore, she has previously served on the Editorial Board of the Review of
Financial Studies, Review of Finance, Management Science, Journal of Corporate Finance, Journal of
Banking and Finance, and Financial Management.
PAPER SUBMISSION
Papers written in English must be submitted via https://www.conftool.net/cafm2024, using MS Word or Adobe PDF file format
from May 13th, 2024. The deadline for paper submission is August 26th,
2024. 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
October 4th, 2024. If you have any questions regarding the paper submission, please
let us know via email at cafm@iksa.or.kr.
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 as well as the name, affiliation, address, phone number, and email
address of all authors. The second page should contain the paper’s title and abstract only. The
programs for the previous CAFM conferences can be accessed at 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
Dong Lou, a Chair Professor and Citi Professor of Business at the Hong Kong University of Science and Technology (HKUST), will lead a special lecture session at the 19th CAFM. Professor Lou is an Associate Editor of the Journal of Finance, Journal of Financial Economics, and Management Science. His research has been published in top academic journals, including the Review of Financial Studies, Journal of Financial Economics, Management Science, and Journal of Monetary Economics. He has won many awards, and is frequently profiled in financial media outlets, including the Wall Street Journal, Forbes, and Bloomberg. His main research areas include asset pricing, investment management, behavioral finance, and the Chinese financial markets.
DOCTORAL STUDENT WORKSHOP AND BEST DISSERTATION AWARD
Doctoral students are also welcomed to present their dissertations at the doctoral student workshop, led by Professor Xuan Tian at the Tsinghua University and Professor Byoung-Hyoun Hwang at the Nanyang Technological University (NTU). 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 19th 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 additionally be 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.
The applicants can also choose to submit for the Korean Journal of Financial Studies (KJFS),
SCOPUS-indexed 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 9.6 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 CONRAD Seoul is a prestigious five-star hotel located in the heart of Yeouido, a hub of the Korea financial markets. It is part of the IFC Mall complex, offering direct access to a variety of shopping, dining, and entertainment options. This luxurious hotel is also conveniently connected to the Yeouido subway station, providing easy transportation links across the city. With a prime location in Yeouido, the hotel is within walking distance of key attractions such as Hangang Park and Yeouido Park. These scenic parks offer guests opportunities for outdoor activities, leisurely strolls, and picturesque views of the Han River.
PROGRAM COMMITTEE CHAIR
Jin Q Jeon, Dongguk University
CONFERENCE CONTACT
For additional information, please contact us via email at cafm@iksa.or.kr
2024 CAFM Program Committee
| Jeon, Jin Q (Chair) | Dongguk University |
|---|---|
| Bae, Jaewan | Gachon Univeristy |
| Choi, Jaewon | Seoul National University |
| Choi, Sanghak | Yonsei University |
| Han, Hope Hyeun | UNIST |
| Im, Jieun | Hansung University |
| Jung, Hail | Seoul National University of Science and Technology |
| Kim, Chaehyun | Pukyong National University |
| Kim, Daejin | SungKyunKwan University |
| Kim, Hyeong Joon | Dongguk University |
| Kim, Hyun-Dong | Sogang University |
| Kim, Ju Hyun | Ajou University |
| Kim, Taehyun | Chung-Ang University |
| Kwon Kyoung-min | Hongik University |
| Lee, Jongsub | Seoul National University |
| Lee, Junyoup | Ajou University |
| Oh, Ji Yeol Jimmy | SungKyunKwan University |
| Park Junho | Myoungji University |
| Shin, Sang Ook | UNIST |
| Wang, Shu-Feng | Ajou University |
2024 CAFM Review Committee
| An, Byeong-Je | San Diego State University |
| Auh, Jun Kyung | Yonsei University |
| Chang, Yen-cheng | National Taiwan University |
| Chen, Hong-Yi | National Chengchi University |
| Chen, Yenn-Ru | NCCU |
| Cho, DuckKi | The University of Sydney |
| Cho, Thummim | Korea University |
| Choi, Dong Beom | Seoul National University |
| Choi, Hyun-Soo | Korea Advanced Institute of Science and Technology |
| Choi, Jaewon | Seoul National University |
| Choi, Youngmin | Baruch College |
| Chung, Chune Young | Chung-Ang University |
| Chung, Ji-Woong | Korea University |
| Doh, Hyun Soo | Hanyang University |
| Gam, Yong Kyu | University College Dublin |
| Guedhami, Omrane | University of South Carolina |
| Hameed, Allaudeen | National University of Singapore |
| Han, Jungsuk | Seoul National University |
| Hou, Kewei | The Ohio State University |
| Huang, Jingzhi | Pennsylvania State University |
| Hwang, Byoung-Hyoun | Nanyang Technological University |
| Jang, Yeejin | University of New South Wales |
| Jo, Chanik | Chinese University of Hong Kong |
| Jung, Hae Won | The University of Melbourne |
| Kang, Byoung Uk | Hong Kong Polytechnic University |
| Kang, Chang-Mo | Hanyang University |
| Kang, Jun-Koo | Nanyang Technological University |
| Kim, Andy | Sungkyunkwan University |
| Kim, Baeho | Korea University Business School |
| Kim, Daejin | Sungkyunkwan University |
| Kim, Daniel | University of Waterloo |
| Kim, Donghyun | Chung-Ang University |
| Kim, Hugh Hoikwang | University of South Carolina |
| Kim, Jinmo | RUTGERS UNIVERSITY |
| Kim, Joonghyuk | Korea University |
| Kim, Jungmin | The Hong Kong Polytechnic University |
| Kim, Jung-Wook | Seoul National University |
| Kim, Minsoo | University of Melbourne |
| Kim, Ryoonhee | KAIST |
| Kim, Soohun | KAIST |
| Kim, Taehyun | Chung-Ang Univ |
| Ko, Kuan-Cheng | National Chinan University |
| Lee, Dong Wook | Korea University Business School |
| Lee, Hae Kang | Korea University |
| Lee, Inmoo | KAIST |
| Lee, Jiyoon | Yonsei University |
| Lee, Jongsub | Seoul National University |
| Lee, Jung Hoon | Office of Financial Research, US Treasury |
| Lee, Junyoup | Ajou University |
| Lee, Sung Kwan | Chinese University of Hong Kong, Shenzhen |
| Lin, Chih-Yung | National Yang Ming Chiao Tung University |
| Min, Byoung-Kyu | Hanyang University |
| Na, Hyun Seung | Korea University |
| Ng, Lilian | York University |
| Noh, Joonki | Case Western Reserve University |
| Oh, Ji Yeol Jimmy | Sungkyunkwan University |
| Oh, Jong-Min | Sungkyunkwan University |
| Oh, Seungjoon | Peking University HSBC Business School |
| Park, James | Korea University |
| Park, Jung Chul | The University of south Florida |
| Park, Seongkyu (Gilbert) | Willamette University |
| Pyun, Sungjune | Yonsei University |
| Rhee, Keeyoung | Sungkyunkwan University (SKKU) |
| Schoenherr, David | Seoul National University |
| Seo, Kyoungwon | Seoul National University |
| Shin, Hojong | California State University, Long Beach |
| Sohn, Sungbin | Sogang University |
| Tiu, Cristian Ioan | University at Buffalo |
| Wang, Shu-Feng | Ajou University |
| Yamada, Takeshi | Australian National University |
19th Annual Conference on Asia-Pacific Financial Markets
(CAFM 2024)
December 12~13, 2024
The CONRAD Hotel, Seoul, Korea
We invite you to join CAFM 2024 at the CONRAD Hotel in Seoul, Korea on December 12th and 14th, 2024. Click here to register for the Conference b yNovember 19th, 2024. (https://www.conftool.net/cafm2024)
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.
This year, the CAFM conference features
- ￭ Keynote Address
Dr. Kai Li (University of British Columbia),
“Big Data and Machine Learning in ESG Research” - ￭ Guest Lecture
Dr. Dong Lou (The Hong Kong University of Science and Technology),
“Inferring Mutual Fund Intra-Quarter Trading: An Application to ESG Window Dressing”
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/cafm2024, 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 19th, 2024.
For more information, please contact us by sending an email to cafm@iksa.or.kr.
Thank you very much, and we will look forward to welcoming you here in Seoul!
Sincerely,
Junesuh Yi, President, Korean Securities Association
Jin.Q. Jeon, Program Chair, CAFM 2024
10 Gukjegeumyung-ro Yeouido Yeongdeungpo-gu
Seoul, 07326, South Korea
+82 (2) 6137-7000
Direction to the Conrad Hotel
FROM Incheon International Airport (ICN)
Travel Distance : Approximately 60 km
Taxi
- • Fee : 50,350 KRW
- • Travel Time : 47 minutes
AIRPORT LIMOUSINE
The Airport Limousine Bus #6007 is also available within a one-minute walking distance of the Hotel.
- • Fee : 17,000 KRW
- • Travel Time : 50 minutes
SUBWAY TRAIN
- • Fee : 4,450 KRW (Passenger Terminal 1)
- • Fee : 5,050 KRW (Passenger Terminal 2)
- • Direction : ake AREX at Incheon International Airport Station bound for Hong Ik University At Hong Ik Univ Station, Transfer to Transit Line Number 5 toward Sang-il or Macheon. Get off at Yeouido Station and exit Gate #3. The hotel is just a three-minute walk away.
- • Travel Time : 85~90 minutes
DIRECTION
FROM Gimpo International Airport (GMP)
Travel Distance : Approximately 20 km
Taxi
- • Fee : 23,520 KRW
- • Travel Time : 35 minutes
DIRECTION
Address in Korean
For your convenience, please see the Hotel’s name and address provided here in Korean. This address
may be shown to taxi drivers or used for other transportation needs.
07326 서울특별시 영등포구 국제금융로 10 콘래드호텔
Contact Information
· For additional information, Please contact one of us
Junesuh Yi, Ph.D.,
President of the KSA (juyi@dongguk.edu),
Dongguk University
Jin Q Jeon, Ph.D.,
Program Chair and Review Committee Chair (jjeon@dongguk.edu),
Dongguk University
· Korean Securities Association
6F, Korea Financial Investment Association Building 143 Uisadang-daero, Yeongdeoungpo-gu, Seoul,
Korea
Fax: 82-2-783-6359
E-mail: cafm@iksa.or.kr
