With Min Jung KANG, Hyung Seok KIM, and Sang Okay KOO

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  • Postado em 26 de setembro, 2019

    It really is about. The sound pitch of male CEOs is an “honest signal of their quality this is certainly hormonal. we use digitally analyzed voice pitch of 167 Wall Street male CEO interviews on CNBC throughout the 2008 economic crisis and locate a negative relationship amongst the sound pitch associated with CEO and also the danger of the company. Deep-voiced male CEOs were almost certainly going to be fired following the financial meltdown up until 2012. Start to see the full case of Barclays right next! Microstructure occasion research reveals that deep voiced CEOs’ TV interviews increased stock return volatility transitorily during the moment for the interviews.

    Media protection:

    Presented at Nanyang company class in Singapore, Deakin University, Asian FA 2018 at Tokyo, KAIST, Seoul National University, Seoul Quant Conference 2017, the University of Michigan – Flint

    (with Jen CHANG and Min Jung KANG)

    Most readily useful Paper Award: Asian-Pacific Conference on Global Accounting Problems 2018

    Presented at Asian-Pacific Conference on International Accounting problems, bay area, 2018; the Joint Accounting Workshop of SKKU & National Taipei University, May 2018 – by Jen CHANG november.

    It’s about. Whenever commercial bankers sit regarding the board as separate directors of borrowing organizations, they fire the CEOs more sensitively to firm risk, and afterwards the company danger decreases. It supports conflict that is” of” theory.

    Presented at ILERA worldwide Congress 2018 in Seoul, Korea 2018

    It’s about. Making use of the transcripts of 7,000 CEO interviews on CNBC, we investigate whether male and CEOs that are female pertaining to self-attribution bias.

    “Predicting North Korean Aggression operating Foreign brief product Sales and Media Tone”(with Min Jung KANG, Doug KIM, & Hosung JUNG) – Outstanding External Collaboration Award by Bank of Korea, 2014 (???? ?? ??? primewritings.com??? ? ??) Presented at FMA 2017, Boston.

    It is about. We utilize North Korea as an exogenous shock towards the degree of geopolitical threat of South Korea, considering that the previous transitioned from a situation without nuke/ICBM to a situation with people on the final ten years. A permanent -1.59% vehicle in Korean market and -0.88% CAR in america market are reported whenever NK tests the tools, but just short run overreaction is discovered for NK army aggressions. We detect irregular brief product product sales from the international organizations regarding the countries having diplomatic relations with NK (especially the UK) before the shock assaults and nuke evaluating (but not for the ones through the nations without), which implies geopolitical insider trading.

    **Media protection of the paper:

    Presented at Seoul nationwide University, SKKU, Korea University, Hong Kong City University, Hong Kong Polytech, KAIST, NTU, AECF (Asian Economic online community, Incheon, Korea, 9/20/2014).

    It is about. Whether better liquidity associated with the stock exchange drives the ongoing business to become more or less myopic actually varies according to what type of institutional investors have big ownership associated with the company. We utilize the decimalization of this currency markets in 2001 as an exogenous surprise to market liquidity in order to find that the businesses with additional ownership by transient institutional investors became more myopic when it comes to CEO dismissal.

    It is about. After receiving tremendous public critique due in component to your provocative news depiction of the CEO, in articles en titled “Goldman’s boss: We do God’s work,” Goldman Sachs jumped up to rank # 2 when it comes to philanthropic contributions (PC, hereafter) this season. Using textual analysis of just one million news articles concerning the biggest 100 companies in the usa over 2000

    2010, we realize that companies strengthen their CSR performance and save money on Computer as soon as the opinion that is public their CSR is negative with intensive news coverage.

    Presented at Korea University, nationwide University of Singapore, SKKU, Yonsei University, and CAFM 2013.

    **Media protection relating to this paper: FORTUNE Korea (2015) august

    “CEO Interviews on CNBC” (with Felix Meschke)

    It is about. Individual investors have stoked up about the ongoing company and get the stock as soon as the business gets news attention. CEO interview creates genuine excitement and attention with minimum brand new information because of the concern of reasonable disclosure. Effective market theory would anticipate no cost a reaction to such pseudo occasion, but we nevertheless find significant reversal and jump. The magnitude of reaction is really a function for the viewership. Institutional investors short offer more on the times of news interviews.

    Presented during the AFA (by coauthor), CICF, Singapore Finance Conference, SKKU GSB

    **Media protection about any of it paper

    It really is about. Whenever commercial bankers sit from the board as separate directors of borrowing organizations, they decrease stock cost crash danger, particularly when the borrowing company’s credit danger is high. It supports “financial expertise” theory.

    Presented during the AFA2017 Chicago Meeting, 2017 SFM Taiwan Conference, the University of Edinburgh, Cambridge University, the Asian FMA 2015, Seoul, Korean Finance Association fulfilling 2015, KAIST, Seoul nationwide University, and UNIST,

    Winner associated with the paper award that is best (second greatest) at SFM Taiwan Conference 2017, Korean Finance Association fulfilling 2015

    It is about. : simply how much does the masculinity of this CEO impact the chance of the company? Using facial width-to-height ratio (fWHR), a good proxy for masculinity this is certainly considered to be connected with aggressive danger searching for behavior, we realize that masculine experienced CEOs (1) enhance company riskstock return volatility & idiosyncratic vol; (2) keep high leverage ratio; (3) are far more acquisitive more # of discounts, $$$ on discounts, purchase premium and reduced purchase statement return; and (4) receive high compensation that is VEGA. We find robust outcomes using AI measured fWHR. FinTech implication: banking institutions could improve measuring the chance preference of retail clients by making use of photo that is scanned.

    Python coding of (measuring fWHR) available upon request – Please cite us.

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