2018
2018
Call for Paper
The Thirteenth Conference on Asia-Pacific Financial Markets (CAFM)
Seoul, Korea, December 7~8, 2018
The Korean Securities Association (KSA) is pleased to announce its Thirteenth Annual Conference on Asia-Pacific Financial Markets (CAFM) to be held at the Westin Chosun Hotel in Seoul, Korea, from December 7 to December 8, 2018. 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 Thirteenth CAFM will be Michael S. Weisbach, the Ralph W. Kurtz Chair in Finance at Ohio State University, as well as a Research Associate of the National Bureau of Economic Research. Professor Weisbach is a former editor of The Review of Financial Studies and has been an associate editor of five other academic journals. Professor Weisbach has broad-ranging research and teaching interests in finance and economics, with specialties in corporate finance, corporate governance, and private equity. He has 52 publications on these and related topics with a number of major awards including the Brattle Group Prize (twice) among others. The papers have been cited over 32,000 times according to Google Scholar, and have been downloaded from SSRN.COM over 70,000 times. He received his PhD degree in economics at Massachusetts Institute of Technology.
PAPER SUBMISSION
Papers written in English must be submitted via http://www.conftool.net/cafm2018, using MS Word or Adobe pdf file format from April 15, 2018. The deadline for paper submission is August 31, 2018. 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 30, 2018. If you have any question with the paper submission, please let us know via email at cafm2018@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$2,000 (or KRW 2,000,000). Eight (8) best papers will be awarded at the Gala dinner to each presenting author. The awarded papers will be also invited for publication in the Asia-Pacific Journal of Financial Studies (AJFS), which is the first finance SSCI journal in the Asia-Pacific region.
DOCTORAL STUDENT CONSORTIUM AND BEST DISSERTATION AWARD
Doctoral students are also welcome to present their dissertations in a session at the doctoral student consortium of the conference, which will be led by leading finance scholars as faculty panelists including Jun-Koo Kang (NTU), and Kee Chung (SUNY Buffalo). The Best Dissertation Award of US$ 1,000 (or KRW 1,000,000) will be given to the best thesis.
TUTORIAL SESSION
Professor Tian Xuan (Tsinghua University) and Professor Amil Dasgupta (London School of Economics) will lead tutorial sessions on “Technological Innovation and Entrepreneurial Finance”, and “Institutional Investors, Shareholder Activism, and Financial Markets”.
DUAL SUBMISSION OPTION WITH AJFS
The Thirteenth 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.
REGISTRATION
Registrations made prior to November 10 will be charged with an early bird fee of US$ 150, while those made post November 10, including on-sight registration, will be subject to regular fee of US$ 300.
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, Seoul 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, 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.
PROGRAM COMMITTEE CHAIR
Jhinyoung Shin, Yonsei University
CONFERENCE CONTACT
For additional information, please contact us via email at cafm2018@gmail.com.
Program of Conference
Friday, December 7, 2018
| 13:00 - 14:00 | Registration | |
| 14:00 - 15:30 | Academic Session 1, 2, Tutorial 1 (2F) | |
| 15:50 - 17:50 | Academic Session 3, 4, Doctoral Student Consortium 1, 2 (2F) | |
| 18:00 - 19:30 | Welcome Reception (2F, Orchid Room) | |
| Welcome Address : | Dr. Kook-Hyun Chang President, Korean Securities Association |
|
Saturday, December 8, 2018
| 08:30 - 09:30 | Registration / Continental breakfast | |
| 09:30 - 11:30 | Academic Session 5, 6, 7, 8 (2F) | |
| 11:30 - 13:30 | Luncheon (2F, Orchid Room) | |
| Welcome Address : | Dr. Kook-Hyun Chang President, Korean Securities Association |
|
| Keynote Speech : | Dr. Michael S. Weisbach Ohio State University |
|
| 13:40 - 15:40 | Academic Session 9, 10, Tutorial Session 2 (2F) | |
| 15:50 - 17:50 | Academic Session 11, 12, 13, 14 (2F) | |
| 18:00 - 21:00 | Farewell Dinner (2F, Orchid Room) | |
| Keynote Speech: | Mr. Jiwon jung Chairman and CEO, Korea Exchange |
|
| Keynote Speech: | Mr. Young Won Kwon Chairman and CEO, Korea Financial Investment Association |
|
| Best Paper Award: | Dr. Jhinyoung Shin Program Chair |
|
At-a-glance Program Schedule
Friday, December 7, 2018
| TIME & Room 2F | Lilac | Tulip | Cosmos | Violet |
|---|---|---|---|---|
| 13:00 - 14:00 | Registration (2F, The Westin Chosun Hotel) | |||
| 14:00 - 15:30 | Session 1 Bond Market and Pricing | Session 2 Household and Real Estate Finance | Tutorial 1 “Institutional Investors, Shareholder Activism, and Financial Markets” (Led by Dr. Amil Dasgupta) | |
| 15:30 - 15:50 | Coffee Break | |||
| 15:50 - 17:50 | Session 3 Corporate Governance | Session 4 Financial Regulation | Doctoral Student Consortium 1 Corporate Finance (Led by Dr. Jun-Koo Kang) |
Doctoral Student Consortium 2 Asset Pricing and Financial Intermediation (Led by Dr. Kee H. Chung) |
| 18:00 - 19:30 | Welcome Reception (2F, Orchid Room) | |||
Saturday, December 8, 2018
| TIME & Room 2F | Lilac | Tulip | Cosmos | Violet |
|---|---|---|---|---|
| 08:30 - 09:30 | Registration / Continental Breakfast (2F, The Westin Chosun Hotel) | |||
| 09:30 - 11:30 | Session 5 Market Efficiency | Session 6 Corporate Control | Session 7 Financial Intermediation-Depository Institutions | Session 8 Law, Ethics, and Financial Distress |
| 11:30 - 13:30 | Luncheon & Keynote Speech (by Dr. Michael Weisbach, Ohio State University) (2F, Orchid Room) | |||
| 13:30 - 13:40 | Coffee Break | |||
| 13:40 - 15:40 | Session 9 Asset Pricing: Equities | Session 10 Corporate Managers | Tutorial 2 “Technological innovation and entrepreneurial finance” (Led by Dr. Tian Xuan ) |
|
| 15:50 - 17:50 | Session 11 Mutual and Hedge Funds | Session 12 Capital Structure and Dividend Policy | Session 13 International Finance | Session 14 Big data, Fintech, and Behavioral Finance |
| 18:00 - 21:00 | Award Ceremony & Farewell Dinner (2F, Orchid Room) | |||
Program Details
December 7, 14:00 - 15:30
Session 1: Bond Market and Pricing
- Chair: Chang-Soo Kim (Yonsei University)
- Room: Lilac
| Title | Author | Discussant |
|---|---|---|
| The Price of Going Green: the Role of Greenness in Green Bond Markets | Donghyun Park* (Asian Development Bank) Shu Tian (Asian Development Bank) Suk Hyun (Yonsei University) |
Juil Ban (Sangmyung University) |
| Reaching for Yield and Overpricing in Bonds | Qianwen Chen (Shanghai University of Finance and Economics) Jaewon Choi* (University of Illinois at Urbana-Champaign) |
Cheol-Won Yang (Dankook University) |
| Bond Liquidity and Investment | Yuan Wang* (Concordia University) Laura Field (University of Delaware) Anahit Mkrtchyan (Northeastern University) |
Kaun Y. Lee (Chung-Ang University) |
Session 2: Household and Real Estate Finance
- Chair: Kwangwoo Park (KAIST)
- Room: Tulip
| Title | Author | Discussant |
|---|---|---|
| Policy Uncertainty and Household Credit Access: Evidence from Peer-to-Peer Crowdfunding | Xiang Li (Tsinghua University) Bibo Liu* (Tsinghua University) Xuan Tian (Tsinghua University) |
Gunwoo Nam (Handa Partners) |
| The Effect of GSE Mortgage Purchases on Lenders’ Screening Incentives | Jun Lu* (Central University of Finance and Economics) Zhen Shi (Georgia State University) Wei Yu (California State Polytechnic University, Pomona) |
Sangwon Suh (Chung-Ang University) |
| Clogged Intermediation: Were Home Buyers Crowded Out? | Dong Beom Choi (Federal Reserve Bank of New York) Hyun-Soo Choi* (Singapore Management University) Jung-Eun Kim (Federal Reserve Bank of Richmond) |
Hyeonjong Jung (Korea Investment & Securities Co., Ltd.) |
Tutorial 1 : Institutional Investors, Shareholder Activism, and Financial Markets
Led by Amil Dasgupta at London School of Economics
December 7, 15:50-17:50
Session 3: Corporate Governance
- Chair: Kee-Hong Bae (York University)
- Room: Lilac
| Title | Author | Discussant |
|---|---|---|
| Socially Responsible Corporate Customers | Rui Dai (WRDS, Wharton School, UPenn) Hao Liang (Singapore Management University) Lilian Ng* (York University) |
Joon Ho Hwang (Korea University) |
| Co-opted Boards and Stock Price Crash Risk | Chaehyun Kim (UNIST) Junyoup Lee (UNIST) Sanggeum Woo* (UNIST) |
Lilian Ng (York University) |
| Institutional Ownership and the Value of Cash Holdings | Hyunjoong Im (Peking University) Heungju Park* (Sungkyunkwan University) Shams Pathan (The University of Queensland) Song Yu (Peking University) |
Junyoup Lee (UNIST) |
| Using Geographic Density of Firms to Identify the Effect of Board Size on Firm Value and Corporate Policies | Pandej Chintrakarn (Mahidol University International College) Pornsit Jiraporn (Pennsylvania State University) Young Sang Kim* (Northern Kentucky University) Shenghui Tong (China Huarong Asset Management) |
Heungju Park (Sungkyunkwan University) |
Session 4: Financial Regulation
- Chair: Sooyoung Song (Chung-Ang University)
- Room: Tulip
| Title | Author | Discussant |
|---|---|---|
| What Drives Global Syndication of Bank Loans? Effects of Capital Regulations | Yeejin Jang* (UNSW) Janet Gao (Indiana University) |
H. Young Baek (Nova Southeastern University) |
| Asset Securitization Reporting Readability and BHC Credit Risk | Tsung-Kang Chen* (National Chiao Tung University) |
Yeejin Jang (UNSW) |
| Investment Tax Credits, Financial Constraints and Innovation: Evidence from China | Shaowei Ke (Univ. of Michigan) Yao Lu (Tsinghua University) Xinzheng Shi (Tsinghua University) Yeqing Zhang* (Tsinghua University) |
Yong-Cheol Kim (University of Wisconsin-Milwaukee) |
| Does Improved Governance Lead to a Higher Share of FDI in Foreign Equity Investments? | H. Young Baek* (Nova Southeastern University) Pankaj K. Maskara (Nova Southeastern University) Laura S. Miller (Rufus, Miller & Associates, A.C.) |
Tsung-Kang Chen (National Chiao Tung University) |
December 7, 15:50-17:50
Doctoral Student Consortium 1: Corporate Finance
- Chair: Jun-Koo Kang (Nanyang Technological University)
- Room: Cosmos
| Title | Author |
|---|---|
| Perils of Limiting the Coverage of Mandatory Pay Disclosure: The Korean Experience | Jinhyeok Ra* (Korea University) Woochan Kim (Korea University) |
| The Spillover Effect of Earnings Management | Yibin Liu (UCSD)* Jun Chen (UCSD) |
| Making News Salient: Evidence from Insider Trades around News Releases | Seungho Choi* (UNSW) |
| Private Benefits and Resolution of Financial Distress around the World | Bokyung Park* (Seoul National University) |
Doctoral Student Consortium 2: Asset Pricing and Financial Intermediation
- Chair: Kee H. Chung (SUNY Buffalo)
- Room: Violet
| Title | Author |
|---|---|
| In Search of Under-Appreciated Skill: Passive Indexation of Active Funds | Huangyu Chen* (Boston University) Dirk Hackbarth (Boston University) |
| Foreigners at the Gate? Foreign Investor Trading and Behavioral Anomalies of Domestic Individual Investors | Keun Woo Park* (Hanyang University) Seong Hoon Jeong (Daegu Catholic University) Ji Yeol Jimmy Oh (Hanyang University) |
| Heterogeneity and Netting Efficiency under Central Clearing: A Stochastic Network Analysis | Injun Hwang* (Korea University) Baeho Kim (Korea University) |
December 8, 09:30-11:30
Session 5: Market Efficiency
- Chair: Jaehoon Han (Yonsei University)
- Room: Lilac
| Title | Author | Discussant |
|---|---|---|
| Stock Return Predictability and Seasonality | Keunsoo Kim* (Kyung Hee University) Jinho Byun (Ewha Womans University) |
Shu-Feng Wang (National Central University) |
| What Drives the Dispersion Anomaly? | Byoung-Kyu Min* (University of Sydney) Buhui Qiu (University of Sydney) Tai-Yong Roh (Auckland University of Technology) |
Myeong Ae Kim (Konkuk University) |
| Mispriced Stocks, Option Volume, and Asymmetric Stock Return Predictability | Allaudeen Hameed (National University of Singapore) Byoung-Hyun Jeon* (KAIST) |
Ha-chin Yi (Texas State University) |
| Cluster Trading of Corporate Insiders | Chang-Mo Kang (University of New South Wales) Donghyun Kim* (University of Wisconsin-Milwaukee) Qinghai Wang (University of Central Florida) |
Yunsung Eom (Hansung University) |
Session 6: Corporate Control
- Chair: Lilian Ng (York University)
- Room: Tulip
| Title | Author | Discussant |
|---|---|---|
| What is the impact of successful cyber attacks on target firms? | Shinichi Kamiya (Nanyang Technological University) Jun-Koo Kang (Nanyang Technological University) Jungmin Kim* (Hong Kong Polytechnic University) Andreas Milidonis (University of Cyprus) René Stulz (Ohio State University) |
Alper Darendeli (Nanyang Technological University) |
| Guilt by Association: The Effects of Terrorism on Corporate Activity | Mehmet Ihsan Canayaz (Pennsylvania State University) Alper Darendeli* (Nanyang Technological University) |
Jungmin Kim (Hong Kong Polytechnic University) |
| Real Activity Management in the Presence of Labor Unions: An Empirical Study Using Firm-Level Union Data | Kiyoung Chang (University of South Florida) Young Sang Kim* (Northern Kentucky University) Ying Li (University of Washington-Bothell) |
Zhang Peng (Tsinghua University) |
| Monitoring from Capital Market and Corporate Tax Avoidance: Evidence from Short Selling Pilot Program | Yao Lu (Tsinghua University) Zhang Peng* (Tsinghua University) |
Young Sang Kim (Northern Kentucky University) |
December 8, 09:30-11:30
Session 7: Financial Intermediation-Depository Institutions
- Chair: Young K. Park (Sungkyunkwan University)
- Room: Cosmos
| Title | Author | Discussant |
|---|---|---|
| Bank Performance and the Liquidity Management | I-Ju Chen* (Yuan Ze University) Wei Chih Lin(Yuan Ze University) |
Byungsuk Han (Hanyang University) |
| Economic Policy Uncertainty and Bank Liquidity Hoarding | Allen Berger (University of South Carolina) Omrane Guedhami (University of South Carolina) Hoikwang {Hugh} Kim* (University of South Carolina) Xinming Li (University of South Carolina) |
Heejin Park (Korea Workers' Compensation and Welfare Service) |
| Lending Behavior of Prudent Banks around the 2008 Financial Crisis | Sung Wook Joh* (Seoul National University) Seongjun Jeong (Seoul National University) |
Hyoung-Goo Kang (Hanyang University) |
| Credit Ratings in China: Evidence from the Upgrades in the Banking Sector | Shida Liu* (Tsinghua University) Hao Wang (Tsinghua University) |
Jina Lee (Korea Institute of Finance) |
Session 8: Law, Ethics, and Financial Distress
- Chair: Sang-Gyung Jun (Hanyang University)
- Room: Violet
| Title | Author | Discussant |
|---|---|---|
| The Real Effects of Fake Goods: Counterfeit Products and Firm Value | Mehmet Canayaz* (Pennsylvania State University) Umit Gurun (University of Texas at Dallas) |
In Jung Song (Hankook University of Foreign Studies) |
| Inter-firm Patent Litigation and Innovation Competition | Jongsub Lee (Seoul National University) Seungjoon Oh (Peking University) Paula Suh* (University of Georgia) |
Kyoung-Min Kwon (Hongik University) |
| Bank Relationship, Covenant Enforcement and Creditor Control | Yong Kyu Gam* (Southwestern University of Finance and Economics) Chunbo Liu (Southwestern University of Finance and Economics) |
Byung-Uk Chong (University of Seoul) |
| Subnational Debt of China: The Politics-Finance Nexus | Haoyu Gao* (Central University of Finance and Economics) Hong Ru (Nanyang Technological University) Dragon Yongjun Tang (University of Hong Kong) |
Youngwoong Lee (Hankook University of Foreign Studies) |
December 8, 13:40-15:40
Session 9: Asset Pricing-Equities
- Chair: Yong-Cheol Kim (University of Wisconsin at Milwaukee)
- Room: Lilac
| Title | Author | Discussant |
|---|---|---|
| Searching the Factor Zoo | Soosung Hwang* (Sungkyunkwan University) Alexandre Robesam (I´ESEG School of Management) |
Seunghyup Lee (Harvard Business School) |
| Bad News Holding and Banks' Stock Price Crash Risk | Taejin Jung (Seoul National University) Natalie Kyung Won Kim* (Seoul National University) Young Jun Kim (Hankuk University of Foreign Studies; Hyun Jong Na (The George Washington University) |
Hoikwang {Hugh} Kim (University of South Carolina) |
| What Causes the Asymmetric Correlation in Stock Returns? | Y. Peter Chung* ( UC Riverside) Hyun A Hong (UC Riverside) S. Thomas Kim (University of Tulsa) |
Bumjean Sohn (Korea University) |
| The Diversification Benefits and Policy Risks of Accessing China's Stock Market | Chenyu Shan (Shanghai University of Finance and Economic) Dragon Yongjun Tang (University of Hong Kong) Sarah Qian Wang (University of Warwick) Chang Zhang* (University of Warwick) |
Dong Wook Lee (Korea University) |
Session 10: Corporate Managers
- Chair: Sung Wook Joh (Seoul National University)
- Room: Tulip
| Title | Author | Discussant |
|---|---|---|
| Restricting CEO Pay Backfires: Evidence from China | Kee-Hong Bae* (York University) Zhaoran Gong (Hong Kong Polytechnic University) Wilson Tong (Hong Kong Polytechnic University) |
Min Suk Lee (Nanyang Technological University) |
| CEO Connectedness and the Cost of Capital | Min Suk Lee* (Nanyang Technological University) Angie Low (Nanyang Technological University) Siew Hong Teoh (University of California-Irvine) |
Jim Goldman (University of Toronto) |
| Do Directors Respond to Stock Mispricing? Evidence from CEO Turnovers | Jim Goldman* (University of Toronto) | Kee-Hong Bae (York University) |
| Stock Liquidity and Investment Efficiency: Evidence from the Split-Share Structure Reform | William Cheung (Waseda University) Hyung Joong Im (Peking University) Srinivasan Selvam* (Peking University) |
Hyun Seung Na (Korea University) |
Tutorial 2 : Technological Innovationation and Entrepreneurial Finance
Led by Dr. Tian Xuan at Tsinghua Univ.
December 8, 15:50-17:50
Session 11: Mutual and Hedge Funds
- Chair: Peter Chung (University of California at Riverside)
- Room: Lilac
| Title | Author | Discussant |
|---|---|---|
| Cross-Asset Information Synergy in Mutual Fund Families | Jun Kyung Auh* (Yonsei University) Jennie Bai (Georgetown University) |
Ji-Woong Chung (Korea University) |
| Measuring (In)Attention to Mutual Fund Fees: Evidence from Experiments | Hoikwang {Hugh} Kim (University of South Carolina) Wenhao Yang* (University of South Carolina) |
Jun Kyung Auh (Yonsei University) |
| Sitting Bucks: Zero Returns in Fixed Income Funds | Jaewon Choi (University of Illinois at Urbana-Champaign) Mathias Kronlund* (University of Illinois at Urbana-Champaign) Ji Yeol Jimmy Oh (Hanyang University) |
Shinwoo Kang (Sejong University) |
| Does Experience Matter for Hedge Fund Managers? Effects of Industry Expertise on Hedge Fund Activism | Ivan Brick (Rutgers University) Yuzi Chen (Nanyang Technological University) Jun-Koo Kang (Nanyang Technological University) Jinmo Kim* (Rutgers University) |
Saeyeul Park (Yonsei University) |
Session 12: Capital Structure and Dividend Policy
- Chair: Beom Sik Jang (Soongsil University)
- Room: Tulip
| Title | Author | Discussant |
|---|---|---|
| Elective Stock and Scrip Dividends | Cara Vansteenkiste* (UNSW) Isabel Feito-Ruiz (University of Leon) Luc Renneboog (Tilburg University) |
Taehyun Kim (University of Notre Dame) |
| Understanding the Credit Multiplier: The Working Capital Channel | Heitor Almeida (University of Illinois at Urbana-Champaign) Daniel Carvalho (Indiana University) Taehyun Kim* (University of Notre Dame) |
Hyunsoo Doh (Nanyang Technological University) |
| Informational Role of Investment and Bankruptcy Costs | Ben Charoenwong (National University of Singapore) Hyunsoo Doh* (Nanyang Technological University) Yiyao Wang (University of Chicago) |
Dahae Kim (Sungkyunkwan University) |
| IS Textual Information Informative to Informed Investors? Evidence from Bidding Information of Institutional Investors in IPOs | Sung Wook Joh (Seoul National University) Yongseok Kim* (Seoul National University) |
Cara Vansteenkiste (UNSW) |
December 8, 16:10-18:10
Session 13: International Finance
- Chair: Joonghyuk Kim (Korea University)
- Room: Cosmos
| Title | Author | Discussant |
|---|---|---|
| Carry Trades and Endogenous Regime Switches in Exchange Rate Volatility | Dooyeon Cho (Sungkyunkwan University) Heejoon Han* (Sungkyunkwan University) Na Kyeung Lee (Korean National Assembly Budget Office) |
Ji Ho Kwon (Korea University) |
| Innovation and Access to Finance: International Evidence from Developing Markets | Safi Ullah Khan* (Universiti Teknologi Brunei) Atta Ullah Shah ( Institute of Management Sciences,Pakistan) Mohammad Faisal Rizwan (International Islamic University Islamabad, Pakistan) |
Seongkyu (Gilbert) Park (Hong Kong Polytechnic University) |
| Does Corruption Grease or Sand the Wheel of Investment or Innovation? Different Effects in Advanced-Emerging Economies | Yuna Heo (Hong Kong Polytechnic University) Fangfang Hou (Hong Kong Polytechnic University) Seongkyu (Gilbert) Park* (Hong Kong Polytechnic University) |
Safi Ullah Khan (Universiti Teknologi Brunei) |
| Political Capital: an Analysis of Congress Voting on the Financial Regulations | Xiaoting Hao (University of Wisconsin-Milwaukee) Yong-Cheol Kim* (University of Wisconsin-Milwaukee) |
Yeqing Zhang (Tsinghua University) |
Session 14: Big Data, Fintech, and Behavioral Finance
- Chair: Inmoo Lee (KAIST)
- Room: Violet
| Title | Author | Discussant |
|---|---|---|
| What Do a Billion Observations Say about Distance and Relationship Lending? | Hong Ru* (Nanyang Technological University) Haoyu Gao (Central University of Finance and Economics) Xiaoguang Yang (Chinese Academy of Sciences) |
Jin Q Jeon (Dongguk University) |
| The Wisdom of Crowds and Information Cascades in FinTech: Evidence from Initial Coin Offerings | Donghwa Shin (Princeton University) Tao Li (University of Florida) Jongsub Lee* (Seoul National University) |
Jin San Kim (Kyungpook National University) |
| Heuristics, Cognitive Reference Points and Investor Consideration Sets | Sudheer Chava (Georgia Institute of Technology) Soohun Kim* (Georgia Institute of Technology) Daniel Weagley (Georgia Institute of Technology) |
Keebong Park (Hankook University of Foreign Studies) |
| CDS Market Informativeness and Related Hard-to-Value Stock Returns | Hao Cheng* (Singapore Management University) Kian Guan Lim (Singapore Management University) |
Baeho Kim (Korea University) |
2018 CAFM Program Committee
| Jhinyoung Shin(Chair) | Yonsei University |
|---|---|
| Jun Kyung Auh | Yonsei University |
| Jae-Seung Baek | Hankuk University of Forein Studies |
| Ki Beom Binh | Myongji University |
| Hyang Mi Choi | Chungnam National University |
| Su Jung Choi | Soongsil University |
| Jay M. Chung | Soongsil University |
| Ji-Woong Chung | Korea University |
| Jaehoon Hahn | Yonsei University |
| Hyoung-Goo Kang | Hanyang University |
| Bum Kim | Soongsil University |
| Noolee Kim | Hanyang University |
| Woojin Kim | Seoul National University |
| Y. Han (Andy) Kim | Sungkyunkwan University |
| Dong Wook Lee | Korea University |
| Eun Jung Lee | Hanyang University |
| Kaun Y. Lee | Chung-Ang University |
| Sang Whi Lee | Kyung Hee University |
| Youngjoo Lee | Sogang University |
| Hyun Seung Na | Korea University |
| Ji Yeol Jimmy Oh | Hanyang University |
| Saeyeul Park | Yonsei University |
| Doojin Ryu | Sungkyunkwan University |
| Jungsoon Shin | Ewha Womans University |
| Hong Kee Sul | Chung-Ang University |
| Jungwon Suh | Sungkyunkwan University |
| Junesuh Yi | Dongguk University |
2018 CAFM Review Committee
| Jhinyoung Shin(Chair) | Yonsei University |
|---|---|
| Hee-Joon Ahn | Sungkyunkwan University |
| Kee-Hong Bae | York University |
| Joon Chae | Seoul National University |
| Thummim Cho | London School of Economics |
| Jaewon Choi | Univ. of Illinois Urbana-Champ |
| Jay M. Chung | Soongsil University |
| Ji-Woong Chung | Korea University |
| Kee H. Chung | State University of New York at Buffalo |
| Vidhan Goyal | HKUST |
| Jaehoon Hahn | Yonsei University |
| Allaudeen Hameed | National University of Singapore |
| Kewei Hou | The Ohio State University |
| Jingzhi Huang | Pennsylvania State University |
| Sahn-Wook Huh | State University of New York at Buffalo |
| Byoung-Hyoun Hwang | Cornell University |
| Jin Q Jeon | Dongguk University |
| Hyoung-Goo Kang | Hanyang University |
| Jun-Koo Kang | Nanyang Technological University |
| Bum Kim | Soongsil University |
| Hyunseob Kim | Cornell University |
| Jinmo Kim | Rutgers University |
| Noolee Kim | Hanyang University |
| Sol Kim | Hankuk University of Foreign Studies |
| Woojin Kim | Seoul National University |
| Dong Wook Lee | Korea University Business School |
| Eun Jung Lee | Hanyang University |
| Sangwhi Lee | Kyung Hee University |
| Suzanne Lee | Georgia Institute of Technology |
| Hyun Seung Na | Korea University |
| Ji Yeol Jimmy Oh | Hanyang University |
| Jung Chul Park | University of South Florida |
| Sae Yeul Park | Yonsei University |
| Doojin Ryu | Sungkyunkwan University |
| Junghoon Seon | Konkuk University |
| Jhinyoung Shin | Yonsei University |
| Kyojik Song | Sungkyunkwan University |
| Jungwon Suh | Sungkyunkwan University |
| Takeshi Yamada | Australian National University |
| Junesuh YI | Dongguk University |
2018 CAFM Conference
December 7~8, 2018
Westin Chosun Hotel, Seoul, Korea
With the 2018 CAFM Conference less than several weeks away, don’t miss the last chance to save $150 by pre-registering before November 22, Thursday, and join this two-day conference to be held on December 7~8, 2018 in Seoul, Korea.
Click here to Pre-Register (https://www.conftool.net/cafm2018/)
Pre-registration before November 22 will be charged with an early bird fee of US$150, while post-registration including on-sight registration will be subject to regular fee of US$300. Student registration fee is US$50 regardless of the time of registration. Registered participants can secure their spot to the welcome reception, the luncheon with keynote address, the farewell dinner with award ceremony, and several coffee breaks. You will find ample opportunities during the conference for networking with prominent scholars coming from many countries.
This year, the CAFM conference features
- ￭ Keynote address by Michael S. Weisbach, the Ralph W. Kurtz Chair in Finance at Ohio State University on "Learning approach to corporate governance"
- ￭ Tutorial session 1: Professor Tian Xuan at Tsinghua University on “Technological Innovation and Entrepreneurial Finance”
- ￭ Tutorial session 2: Professor Amil Dasgupta at London School of Economics on “Institutional Investors, Shareholder Activism, and Financial Markets”
The conference also features two Doctoral Student Consortiums and high-quality research presentations on topics such as:
- ￭ Capital Structure
- ￭ Macro and Government Factors
- ￭ Alternative Investment
- ￭ Fund Management
- ￭ Governance and Chaebol Issue
- ￭ Equity Valuation
- ￭ Investment Strategy
- ￭ And, many more
More detailed information on the conference program will be available online soon at the session overview site of https://www.conftool.net/cafm2018/, 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 “Registration” menu to pre-register before November 22.
For more information, please contact us at cafm2018@gmail.com.
Thank you very much, and we will look forward to seeing you here in Seoul!
Sincererly,
Kook-Hyun Chang, President of the KSA
Jhinyoung Shin, Program Chair
Transportation from Incheon International Airport to
The Westion Chosun, Seoul
Travel Time
Typical: 1 hour 10 min. / Rush Hour: Over 2 hours
KAL Limousine Bus
Subway Train
Reservation GoContact
· For additional information, Please contact one of us
Kook-Hyun Chang Ph.D.,
President of the KSA (khchang@konkuk.ac.kr),
Konkuk University
Jhinyoung Shin, Ph.D.,
Program Chair and Review Committee Chair (jshin@yonsei.ac.kr),
Yonsei University
· Korean Securities Association
6F, Korea Financial Investment Association Building 143 Uisadang-daero, Yongdeoung po-Gu, Seoul, Korea
Fax : 82-2-783-6359
E-mail : cafm2018@gmail.com
