2016
2016
Call for Paper
The 11th Annual Conference on Asia-Pacific Financial Markets(CAFM)
Seoul, Korea, December 2~3, 2016
The Korean Securities Association (KSA) is pleased to announce its 11th Annual Conference on Asia-Pacific Financial Markets (CAFM) to be held at the Westin Chosun Hotel in Seoul, Korea, from December 2 to December 3, 2016. 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 11th CAFM will be Professor Andrew Karolyi at Samuel Curtis Johnson Graduate School of Management of Cornell University. Professor Karolyi is an internationally-known scholar in the area of investment management and international financial markets, and currently serves as an executive editor of the Review of Financial Studies. He has published extensively in journals in finance and economics, and his research has been covered extensively in media, including The Wall Street Journal, Financial Times, and The Economist. He joined Johnson in 2009, after teaching for 19 years at the Fisher College of Business of The Ohio State University. He received his PhD degree in finance at the Graduate School of Business of the University of Chicago.
PAPER SUBMISSION
Papers written in English must be submitted via
http://www.conftool.net/cafm2016, using MS Word or Adobe pdf file format. The deadline for paper submission is August 31, 2016. 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 e-mail by September 30, 2016. If you have any question with the paper submission, please let us know via email at cafm2016@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 e-mail 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/conference/2016/call.asp
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). Six (6) 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 a SSCI-listed journal.
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 scholars in Asia as faculty panelists including Vidhan Goyal (HKUST), Allaudeen Hameed (NUS), and Jun-Koo Kang (NTU). The Best Dissertation Award of US$1,000 (or KRW 1,000,000) will be given to the best thesis.
DUAL SUBMISSION OPTION WITH AJFS
The 11th CAFM will feature a dual submission option with AJFS. If you choose the option at the time of paper submission, your paper accepted for the conference will be additionally considered for publication by the editors of AJFS with the journal submission fee waived.
REGISTRATION
Registrations made prior to November 4 will be charged with an early bird fee of US$ 100, while those made post November 4, including on-sight registration, will be subject to regular fee of USD$200.
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 11.8 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, vast nightlife districts, and serene Buddhist temples. As the birthplace of K-pop and Korean Wave, Seoul receives over 10 million international visitors every year, making it the world’s 9th most visited city and 4th largest earner in tourism.
PROGRAM COMMITTEE CHAIR
Bong-Chan Kho, Seoul National University
CONFERENCE CONTACT
For additional information, please contact us via email at cafm2016@gmail.com.
Program of Conference
Friday, December 2, 2016
| 13:00 - 14:00 | Registration | |
| 14:00 - 15:30 | Academic Session 1, 2; Tutorial 1 (2F) | |
| 15:30 - 15:50 | Coffee Break | |
| 15:50 - 17:20 | Academic Session 3, 4; Doctoral Student Consortium 1, 2 (2F) | |
| 17:30 - 19:00 | Welcome Reception (2F, Orchid Room) | |
| Welcome Address : | Dr. Young S. Park President, Korean Securities Association |
|
Saturday, December 3, 2016
| 08:30 - 09:30 | Registration / Continental breakfast | |
| 09:30 - 11:30 | Academic Session 5, 6, 7, 8 (2F) | |
| 11:30 - 13:45 | Luncheon (2F, Orchid Room) | |
| Welcome Address : | Dr. Young S. Park President, Korean Securities Association |
|
| Keynote Speech : | Dr. Andrew Karolyi Cornell University |
|
| 14:00 - 15:30 | Academic Session 9, 10; Tutorial 2 (2F) | |
| 15:45 - 17:45 | Academic Session 11, 12, 13, 14 (2F) | |
| 18:00 - 21:00 | Farewell Dinner (2F, Orchid Room) | |
| Keynote Speech : | Mr. Chanwoo Jeong Chairman and CEO, Korea Exchange |
|
| Keynote Speech : | Mr. Young-Key Hwang Chairman and CEO, Korea Financial Investment Association |
|
| Best Paper Award : | Dr. Bong-Chan Kho Program Chair |
|
At-a-glance Program Schedule
Friday, December 2, 2016
| 12/2(Fri) | Lilac | Tulip | Cosmos | Violet |
|---|---|---|---|---|
| 13:00 - 14:00 | Registration (2F, The Westin Chosun Hotel) | |||
| 14:00 - 15:30 | Session 1 Corporate Bond Prices and Liquidity | Session 2 IPO Underpricing, Sentiment and Governance | Tutorial 1 Publishing Papers in Top Finance Journals Using Non-U.S. Data (by Jun-Koo Kang) | |
| 15:30 - 15:50 | Coffee Break | |||
| 15:50 - 17:20 | Session 3 Short Sales and Leveraged Trades | Session 4 CEO Characteristics and Performance | Doctoral Student Consortium 1 Asset Pricing (Led by Allaudeen Hameed) | Doctoral Student Consortium 2 Corporate Finance(Led by Vidhan Goyal) |
| 17:30 - 9:00 | Welcome Reception (2F, Orchid Room) | |||
Saturday, December 3, 2016
| 12/3(Sat) | Lilac | Tulip | Cosmos | Violet |
|---|---|---|---|---|
| 08:30 - 09:30 | Registration / Continental Breakfast (2F, The Westin Chosun Hotel) | |||
| 09:30 - 11:30 | Session 5 Trading Behavior and Loss Aversion | Session 6 Informed Trading and Return Predictability | Session 7 Corporate Social Responsibility and Governance | Session 8 Information Content in Option Prices |
| 11:30 - 13:45 | Luncheon & Keynote Speech (by Andrew Karolyi) (2F, Orchid Room) | |||
| 14:00 - 15:30 | Session 9 Real Estate and Capital Allocation Efficiency | Session 10 Entrepreneurial Finance and Innovation | Tutorial 2 Research Opportunities in Asia-Pacific Derivatives Markets (by Robert Webb) | |
| 15:45 - 17:45 | Session 11 Factors Affecting Stock Returns | Session 12 Credit Risk and Financial Instruments | Session 13 Liquidity, Volatility, and Skewness | Session 14 International Financing and Investments |
| 18:00 - 21:00 | Award Ceremony & Farewell Dinner (2F, Orchid Room) | |||
Program Details
December 2, 2016 / 14:00~15:30
Session 1: Corporate Bond Prices and Liquidity
- Chair: Jia Chen (Peking Univ.)
- Room: Lilac
| Title | Author | Discussant |
|---|---|---|
| Market Transparency and Pricing Efficiency: Evidence from Corporate Bond Market | Jia Chen (Peking Univ.)* Ruichang Lu (Peking Univ.) |
Rui Zhong (Central Univ. of Finance and Economics) |
| Decomposing and Pricing of Corporate Bond Yields and Disentangling a Flight-to-Quality from a Flight-to-Liquidity | Sekyung Oh (Konkuk Univ.)* Kinam Park (Korea Asset Pricing) |
Jia Chen(Peking Univ.) |
| Corporate Debt Illiquidity and Agency Costs | Jingzhi Huang (Penn State Univ.) Huayi Tang (Concordia Univ.) Yuan Wang (Concordia Univ.) Rui Zhong (Central Univ. of Finance and Economics)* |
Chan Shik Jung (Dong-A Univ.) |
Session 2: IPO Underpricing, Sentiment and Governance
- Chair: Jinwoo Park (Hankuk Univ. of Foreign Studies)
- Room: Tulip
| Title | Author | Discussant |
|---|---|---|
| Distance, Transportation and the Underpricing of IPOs | Zhangkai Huang(Tsinghua Univ.) Jinyu Liu (Tsinghua Univ.)* Guangrong Ma (China, Renmin Univ.) |
Meong Ae Kim (Konkuk Univ.) |
| Individual Investor Sentiment and IPO Stock Returns: Evidence from the Korean Stock Market | Chune Young Chung (Chung-Ang Univ.) Joohwan Kim (Hankuk Univ. of Foreign Studies) Jinwoo Park* (Hankuk Univ. of Foreign Studies) |
Daejin Kim (UNIST) |
| Who’s Leaving Money on the Table? Evidence from IPOs within Business Groups | Woojin Kim(Seoul National Univ.) Chan Lim (Seoul National Univ.) Tae Jun Yoon*(Seoul National Univ.) |
Junyoup Lee(UNIST) |
Tutorial 1 : For Young Researchers
- Room: Cosmos
Publishing Papers in Top Finance Journals Using Non-U.S. Data Led by Jun-Koo Kang (Nanyang Technological University)
December 2, 2016 / 15:50-17:20
Session 3: Short Sales and Leveraged Trades
- Chair: Jaewon Choi (Univ. of Illinois at Urbana-Champaign)
- Room: Lilac
| Title | Author | Discussant |
|---|---|---|
| A First Glimpse into the Short Side of Hedge Funds |
Jaewon Choi* (Univ. of Illinois at Urbana-Champaign) Neil D. Pearson (Univ. of Illinois at Urbana-Champaign) Shastri Sandy (Brattle Group) |
Ji-Woong Chung (Korea Univ.) |
| Decoding Leveraged Trading | Zhuo Chen (Tsinghua Univ.) Pengfei Li (Tsinghua Univ.)* Zhengwei Wang (Tsinghua Univ.) ohui Zhang(Univ. of New South Wales) |
Dong Chul Won (Ajou Univ.) |
| Discretionary Credit Limits, Correlation-Driven Leverages, and Unanticipated Shocks in Dynamic Equilibrium | Dong Chul Won* (Ajou Univ.) | Pengfei Li (Tsinghua Univ.) |
Session 4: CEO Characteristics and Performance
- Chair: Young Han (Andy) Kim (Sungkyunkwan Univ.)
- Room: Tulip
| Title | Author | Discussant |
|---|---|---|
| Value Creation of Independent Directors with STEM PhD: Evidence from Target Shareholder Gains |
Chaehyun Kim (UNIST) Hyeongsop Shim (UNIST)* Choong-Yuel Yoo (KAIST) |
Jin Q Jeon (Dongguk Univ.) |
| Men of Honor: Military CEOs and Directors in Korea | Hyun-Dong Kim (KAIST)* Ji Yeol Jimmy Oh (Hanyang Univ.) Kwangwoo Park (KAIST) |
Hyeongsop Shim (UNIST) |
| The Face of Risk: CEO Testosterone and Risk Taking Behavior |
Shinichi Kamiya (Nanyang Technological Univ.) Young Han (Andy) Kim* (Sungkyunkwan Univ.) Jungwon Suh (Sungkyunkwan Univ.) |
Jungsoon Shin (Ewha Womans Univ.) |
Doctoral Student Consortium 1 : Asset Pricing
- Chair: Allaudeen Hameed (National Univ. of Singapore)
- Room: Cosmos
| Title | Author |
|---|---|
| Peer Effects and Risk Sharing inExperimental Asset Markets | Paul J. Gortner* (Goethe Univ. Frankfurt) Joel J. van der Weele (Univ. of Amsterdam) |
| Is Stock Return Predictability of Option-implied Skewness Affected by the Market State? | Heewoo Park (KAIST)* Tongsuk Kim (KAIST) |
| Momentum Crashes and Investors' Anchoring Bias | Byoung-Hyun Jeon (KAIST)* Suk-Joon Byun (KAIST) |
| Does Liquidity Mediate Between Information Quality and the Cost of Equity in China? | Raheel Safdar* (Dongbei Univ. of Finance and Economics) Chen Yan(Dongbei Univ. of Finance and Economics) |
Doctoral Student Consortium 2: Corporate Finance
- Chair: Vidhan K. Goyal (HKUST)
- Room: Violet
| Title | Author |
|---|---|
| Family Feud: Succession Tournaments and Risk-taking in Family Firms | Jongsub Lee (Univ. of Florida) Hojong Shin* (Michigan State Univ.) Hayong Yun (Michigan State Univ.) |
| Political Relations and US Institutional Ownership | Jun Myung Song* (Univ. of New South Wales) |
| Principal-Principal Agency Conflicts, Product Market Competition and Corporate Payout Policy in China | Amjad Iqbal* (Dongbei Univ. of Finance and Economics) |
December 3, 2016 / 9:30~11:30
Session 5: Trading Behavior and Loss Aversion
- Chair: Leilei Shi (USTC, Bank of China International)
- Room: Lilac
| Title | Author | Discussant |
|---|---|---|
| Coherent Preferences and Reference Point Updating in Bargain, Competition, and Interactive Trading in Stock Market | Leilei Shi* (USTC, Bank of China International) Mato Njavro (Univ. of St. Gallen) Boris Podobnik (Boston Univ., Univ. of Rijeka) |
Jaehoon Hahn (Yonsei Univ.) |
| Overnight Strategy of Foreign Day-traders and Their Performance: An Empirical Study from the Korea Stock Exchange | Hyehyun Park (Korea Univ.)* Kyungsuh Park (Korea Univ.) |
Kyoung-Hun Bae (UNIST) |
| Individual Investors and Post-Earning-Announcement Drift: Evidence from Korea | Yunsung Eom (Hansung Univ.) Jaehoon Hahn (Yonsei Univ.)* Wook Sohn (KDI School of Public Policy and Management) |
Youngjoo Lee (Sogang Univ.) |
| What Designs Investment Bankers? Economic and Psychological Risk Attitudes of Investment Bankers and Socialization | Jung Seok Woo (Myongji Univ.)* Hyoung-Goo Kang (Hanyang Univ.) |
Hyehyun Park (Korea Univ.) |
Session 6: Informed Trading and Return Predictability
- Chair: Lilian Ng (York Univ.)
- Room: Tulip
| Title | Author | Discussant |
|---|---|---|
| Insider Trading, Informativeness, and Price Efficiency Around the World | Lilian Ng (York Univ.)* Crystal X. Wang (Univ. of Wisconsin-Milwaukee) Qinghai Wang (Univ. of Central Florida) |
Yunsung Eom (Hansung Univ.) |
| Informed Trading Volume and Asset Prices: The Role for Aggressive Investors | Christian T. Lundblad (Univ. of North Carolina) Zhishu Yang (Tsinghua Univ.) Qi (Jacky) Zhang (Durham Univ.)* |
Sang Mook Lee (Penn State Univ.) |
| Stock Timing by Analysts | Naveen Daniel (Drexel Univ.) Sang Mook Lee (Penn State Univ.)* Lalitha Naveen (Temple Univ.) |
Qi (Jacky) Zhang (Durham Univ.) |
| Investment Horizon and Price Reaction to Analyst Earnings Forecast Revision | Hyeongseok Kang (KAIST)* Tongsuk Kim (KAIST) |
Sang Koo Kang (Korea Univ.) |
December 3, 2016 / 9:30~11:30
Session 7: Corporate Social Responsibility and Governance Risk
- Chair: Bibo Liu (Tsinghua Univ.)
- Room: Cosmos
| Title | Author | Discussant |
|---|---|---|
| The Power of Silent Voices: Employee Satisfaction and Acquirer Stock Performance | Sea-Jin Chang (KAIST, NUS) Ji Yeol Jimmy Oh* (Hanyang Univ.) Kwangwoo Park (KAIST) |
Shawn Saeyeul Park (Yonsei Univ.) |
| How Do Changes in Firms’ Social Performance Affect Stakeholder Wealth and Future Contract Terms with Stakeholders? Evidence from Employee Layoffs | Jun-Koo Kang (Nanyang Technological Univ.) Srinivasan Selvam* (Nanyang Technological Univ.) |
Jongsub Lee (Univ. of Florida) |
| Monitoring the Monitor: Distracted Institutional Investors and Board Governance | Claire Yang Liu (Univ. of New South Wales) Angie Low (Nanyang Technological Univ.) Ron Masulis (Univ. of New South Wales) Le Zhang (Univ. of New South Wales)* |
Ji Yeol Jimmy Oh (Hanyang Univ.) |
| In Search of Board Independence: Former Employees, Shades of Gray and Director Classifications Revisited | Joel F. Houston (Univ. of Florida) Jongsub Lee (Univ. of Florida)*Hongyu Shan (Univ. of Florida) |
Myounghwa Sim (Myongji Univ.) |
Session 8: Information Content in Option Prices
- Chair: Goncalves-Pinto Luis (National Univ. of Singapore)
- Room: Violet
| Title | Author | Discussant |
|---|---|---|
| Endogeneity of Return Parameters and Portfolio Selection: An Analysis on Implied Covariances | Koohyun Park (Hongik Univ.) Thomas Rhee* (California State Univ. Long Beach) |
Hoyong Choi (Erasmus Univ.) |
| Information in (and not in) Treasury Options | Hoyong Choi* (Erasmus Univ.) | Jun Sik Kim (Incheon National Univ.) |
| How Does Stock Illiquidity Affect the Informational Role of Option Prices? | Luis Goncalves-Pinto* (National Univ. of Singapore) Jing Xu (Renmin Univ.) |
Hyoung-Jin Park (Seoul Women's Univ.) |
| Market Segmentation of Stock and Options | Chang-Mo Kang (Univ. of New South Wales) Donghyun Kim (Univ. of Wisconsin, Milwaukee) Geul Lee* (Hankuk Univ. of Foreign Studies) |
Jungmu Kim (Yeungnam Univ.) |
December 3, 2016 / 14:00~15:30
Session 9: Real Estate and Capital Allocation Efficiency
- Chair: Umit G. Gurun (Univ. of Texas at Dallas)
- Room: Lilac
| Title | Author | Discussant |
|---|---|---|
| Real Estate Holdings of Public Firms and Collateral Discount | Irem Demirci (Univ. of Mannheim) Umit G. Gurun* (Univ. of Texas at Dallas) Erkan Yonder (Ozyegin Univ.) |
Rae Soo Park (Sookmyung Women’s Univ.) |
| The Effects of Macroprudential Policies on House Prices: Evidence from an Event Study Using Korean Real-Transaction Data | Hosung Jung (Bank of Korea) Jieun Lee* (Bank of Korea) |
Hyun-Soo Choi (Singapore Management Univ.) |
| Do Business Groups Harm Capital Allocation Efficiency Outside the Business Group? | Yunxiao Liu (Korea Univ.)* Woochan Kim (Korea Univ.) Taeyoon Sung (Yonsei Univ.) |
Sung Won Seo (Ajou Univ.) |
Session 10: Entrepreneurial Finance and Innovation
- Chair: Jun-Koo Kang (Nanyang Technological Univ.)
- Room: Tulip
| Title | Author | Discussant |
|---|---|---|
| Well Begun Is Half Done: Initial R&D Competence and Firm Growth | Kyungran Lee (Univ. of Hong Kong) S. Katie Moon (Univ. of Colorado) Seungjoon Oh* (Peking Univ.) |
Shu-Feng Wang (Sungkyunkwan Univ.) |
| Startup Financing with Patent Signaling under Ambiguity | Gurangsug Hahn (POSTECH) Kwanho Kim (Chungbuk National Univ.) Joon Yeop Kwon (POSTECH)* |
Sooyoung Song (Chung-Ang Univ.) |
| Is the Stock Market Just a Side Show? Evidence from Venture Capital | Bibo Liu (Tsinghua Univ.)* Xuan Tian (Indiana Univ.) |
Shinwoo Kang (UNIST) |
Tutorial 2 : Research Opportunities in Asia-Pacific Derivatives Markets
- Room: Cosmos
Led by Robert Webb (Univ. of Virginia)
December 3, 2016 / 15:45–17:45
Session 11: Factors Affecting Stock Returns
- Chair: Allaudeen Hameed (National Univ. of Singapore)
- Room: Lilac
| Title | Author | Discussant |
|---|---|---|
| Capital to Labor Growth Ratio and the Cross-Section of Stock Returns | Kyung Hwan Shim* (Univ. of New South Wales, Australia) |
Soosung Hwang (Sungkyunkwan Univ.) |
| The Value of Growth: Changes in Profitability and Future Stock Returns | Juan Sotes-Paladino (Univ. of Melbourne) George Jiaguo Wang (Manchester Business School) Chelsea Yaqiong Yao (Lancaster Univ.)* |
Jin-young Jung (Inha University) |
| Capital Heterogeneity, Volatility Shock, and the Value Premium | Yong Kil Ahn (HKUST)* | Jieun Lee (Bank of Korea) |
| Dividend Clientele and Return Comovement | Allaudeen Hameed* (National Univ. of Singapore) Jing Xie (Hong Kong Polytechnic Univ.) |
Chelsea Y. Yao (Lancaster Univ.) |
Session 12: Credit Risk and Financial Instruments
- Chair: Sascha Kolaric (Technische Univ. Darmstadt)
- Room: Tulip
| Title | Author | Discussant |
|---|---|---|
| Revaluating Firm Credit Risk- The Impact of the Rating Review Process on Credit Markets | Florian Kiesel (Technische Univ. Darmstadt) Sascha Kolaric* (Technische Univ. Darmstadt) Dirk Schiereck (Technische Univ. Darmstadt) |
Bum Kim (Soongsil Univ.) |
| Lender Protection versus Risk Compensation: Evidence from the Bilateral Repo Market | Jun Kyung Auh* (Georgetown Univ.) Mattia Landoni (Southern Methodist Univ.) |
Joon Ho Hwang (Korea Univ.) |
| The Effect of Monetary Policy on Bank Wholesale Funding | Dong Beom Choi (Federal Reserve Bank of New York) Hyun-Soo Choi* (Singapore Management Univ.) |
Jinho Jeong (Korea Univ.) |
| The Effect of Government Hybrid Funds on IPO Underpricing in Emerging Markets: Evidence from the Korean Stock Market | Hyunjoo Lee (Korea Univ.)* Jinho Jeong (Korea Univ.) |
Ryumi Kim (Seoul National Univ.) |
Session 13: Liquidity, Volatility, and Skewness
- Chair: Y. Peter Chung (Univ. of California, Riverside)
- Room: Cosmos
| Title | Author | Discussant |
|---|---|---|
| Inattention and Delayed Reaction of Stock Returns to Liquidity Shock: Global Evidence | Minsu Ko (Seoul National Univ.) Kuan-Hui Lee (Seoul National Univ.) Shu-Feng Wang* (Sungkyunkwan Univ.) |
Jeewon Jang (Chosun Univ.) |
| Quanitle Dependence between Stock Markets and Its Application in Volatility Forecasting | Heejoon Han* (Sungkyunkwan Univ.) | Kwangil Bae (Chonnam National Univ.) |
| Asymmetric Correlation as an Explanation for the Effect ofAsset Skewness on Equity Returns | Y. Peter Chung (Univ. of California, Riverside) Herb Johnson (Johnson Consulting) Thomas S. Kim* (Univ. of California, Riverside) |
Jin-Woo Kim (Pusan National Univ.) |
| Probability of Price Crashes, Rational Speculative Bubbles, and the Cross-Section of Stock Returns | Jeewon Jang (Chosun Univ.)* Jangkoo Kang (KAIST) |
Hyung-Suk Choi (Ewha Womans Univ.) |
Session 14: International Financing and Investments
- Chair: Vidhan K. Goyal (HKUST)
- Room: Violet
| Title | Author | Discussant |
|---|---|---|
| Capital Market Access and Cash Flow Allocation During the Financial Crisis | David Florysiak (Univ. of Munich) Vidhan K. Goyal (HKUST)* |
Jungwon Suh (Sungkyunkwan Univ.) |
| Has Investment-Cash Flow Sensitivity Disappeared Across Countries? | Yelena Larkin (York Univ.) Lilian Ng (York Univ.)* Jie Zhu (York Univ.) |
Jaebeom Kim (Oklahoma State Univ.) |
| The Determinants of Foreign Currency Debt Financing: Borrower Incentives or Lender Incentives? | Sung C. Bae (Bowling Green State Univ.)* Hyeon Sook Kim (Chungnam National Univ.) Taek Ho Kwon (Chungnam National Univ.) |
Seungjoon Oh (Peking Univ.) |
| Stock Markets, Banks, and Economic Growth: Evidence from More Homogenous Panels | Tolina Fufa (Oklahoma State Univ.) Jaebeom Kim* (Oklahoma State Univ.) |
Dong Wook Lee (Korea Univ.) |
2016 CAFM Program Committee
| Bong Chan Kho(Chair) | Seoul National University |
|---|---|
| Hee-Joon Ahn | Sungkyunkwan University |
| Su Jung Choi | Soongsil University |
| Jay M. Chung | Soongsil University |
| Ji-Woong Chung | Korea University |
| Jaehoon Hahn | Yonsei University |
| Joon Ho Hwang | Korea University |
| Hyoung-Goo Kang | Hanyang University |
| Andy Kim | Sungkyunkwan University |
| Jung-Wook Kim | Seoul National University |
| Noolee Kim | Hanyang University |
| Sol Kim | Hankuk University of Foreign Studies |
| Woojin Kim | Seoul National University |
| Young K. Park | Sungkyunkwan University |
| Dong Wook Lee | Korea University |
| Kaun Y. Lee | Chung-AngUniversity |
| Sang Whi Lee | Kyung Hee University |
| JiI Yeol Jimmy Oh | Hanyang University |
| Kwangwoo Park | KAIST |
| Rae Soo Park | Sookmyung Women’s University |
| Junghoon Seon | Konkuk University |
| Jungsoon Shin | Ewha Womans University |
| Kyojik Song | Sungkyunkwan University |
| Jungwon Suh | Sungkyunkwan University |
| Jung Bum Wee | Kyung Hee University |
| Junesuh Yi | Dongguk University |
| Jeongsun Yun | Kookmin University |
2016 CAFM Review Committee
| Bong Chan Kho(Chair) | Seoul National University |
|---|---|
| Kee-Hong Bae | York University |
| Jaewon Choi | University of Illinois |
| Jay M. Chung | Soongsil University |
| Kee H. Chung | SUNY at Buffalo |
| San-Lin Chung | National Taiwan University |
| Vidhan Goyal | HKUST |
| Omrane Guedhami | University of South Carolina |
| Allaudeen Hameed | National University of Singapore |
| Harrison Hong | Columbia University |
| Kewei Hou | Ohio State University |
| Jingzhi Huang | Pennsylvania State University |
| Sahn-Wook Huh | State University of New York at Buffalo |
| Byoung-Hyoun Hwang | Cornell University |
| Francis In | Monash University |
| Hyoung-Goo Kang | Hanyang University Business School |
| Jun-Koo Kang | Nanyang Technological University |
| Hyunseob Kim | Cornell University |
| Jin-Woo Kim | Pusan National University |
| Jung-Wook Kim | Seoul National University |
| Sol Kim | Hankuk University of Foreign Studies |
| Dong Wook Lee | Korea University Business School |
| Eun Jung Lee | Hanyang University |
| Suzanne S. Lee | Georgia Institute of Technology |
| Jung Chul Park | Univ.of South Florida |
| Rae Soo Park | Sookmyung Women's University |
| Yiming Qian | University of Iowa |
| Kyojik Song | Sungkyunkwan University |
| Xuan Tian | Indiana University |
| Cristian Tiu | University at Buffalo |
| Takeshi Yamada | Australian National University |
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
Contact
· For additional information, Please contact one of us
Young S. Park, Ph.D.,
President of the KSA (yspark@sogang.ac.kr),
Sogang University
Bong-Chan Kho, Ph.D.,
Program Chair and Review Committee Chair (bkho@snu.ac.kr),
Seoul National University
· Korean Securities Association
143 Uisadang-daero, Yongdeoung po-Gu, Seoul, Korea
Fax : 82-2-783-6359
E-mail : cafm2016@gmail.com
