PROGRAM (LIST)
Session1: Investment Chair: Youngsoo Choi(HanKuk Univ. of Foreigin Studies)
| Tile | Author | Discussant |
| Asset Pricing with Consumption Frictions Download▼ |
Kyoung Jin Choi (Univ. of Calgary) Junkee Jeon (Kyung Hee Univ.) Hyeng Keun Koo * (Ajou Univ.) |
Minsuk Kwak (HanKuk Univ. of Foreigin Studies) |
| Stock-bond Correlations and International Stock Market Return Predictability Download▼ |
Sungjune Pyun * (National Univ. of Singapore) |
Heungju Park (Sungkyunkwan Univ.) |
| Firm Uncertainty and Household Spending Download▼ | Iván Alfaro (BI Norwegian Business School) Hoonsuk Park* (Univ. of Melbourne) |
Seryoong Ahn (Pukyong National Univ.) |
| Market Uncertainty and Sentiment around USDA Announcements Download▼ | An N.Q Cao * (Univ. of Bonn) Michel A Robe (Univ. of Illinois at Urbana-Champaign) |
Hyun-Soo Choi (KAIST) |
Session2: Corporate Finance Chair: Jin Q Jeon(Dongguk Univ.)
| Tile | Author | Discussant |
| Strategic Alliances, Shocks to Competition and Firm Performance Download▼ |
Yeejin Jang * (UNSW Business School) Natalia Reisel (Fordham Univ.) |
Jin Q Jeon (Dongguk Univ.) |
| Mandatory Disclosure, Internal Information Asymmetry, and Insider Trading: Evidence from FAS 131 Download▼ | Chang-Mo Kang * (Hanyang Univ.) Donghyun Kim (Chung-Ang Univ.) Youngdeok Lim (UNSW Sydney) |
Jieun Im (Soongsil Univ.) |
| External Guarantees and Stock Price Crash Risk Download▼ | Kai Wu * (Central Univ. of Finance and Economics) Zejun Jin (Central Univ. of Finance and Economics) Maobin Xu (Central Univ. of Finance and Economics) |
Bonha Koo (Dongguk Univ.) |
| The Value of Activism: A Hedge Fund Investor’s Perspective Download▼ |
Felix Zhiyu Feng (Univ. of Washington) Chengdong Yin (Purdue Univ.) Caroline H. Zhu * (Seattle Pacific Univ.) |
Kyoung-min Kwon (Hongik Univ.) |
Session 3: Derivatives Securities Chair: Kook Hyun Chang(Konkuk Univ.)
| Tile | Author | Discussant |
| Fat and Fatter Monthly Crash Risk and Investor Trading Download▼ | Qian Yang * (Michigan State Univ.) |
Donghyun Kim (Chung-Ang Univ.) |
| Speculation or Hedging?— Options Trading Prior to FOMC Announcements Download▼ |
George J. Jiang * (Washington State Univ.) Guanzhong Pan (Yunnan Univ. of Finance and Economics) |
Jongsub lee (Seoul National Univ.) |
| Lottery and Bubble Stocks and the Cross-section of Option Implied Tail Risks Download▼ |
Sobhesh Kumar Agarwalla (Indian Institute of Management Ahmedabad) Sumit Saurav * (Indian Institute of Management Ahmedabad) Jayanth R. Varma (Indian Institute of Management Ahmedabad) |
Da-Hea Kim (Sungkyunkwan Univ.) |
| Canary in the Coal Mine: COVID-19 and Soybean Futures Market Liquidity Download▼ | Kun Peng * (Univ. of Illinois at Urbana-Champaign) Zhepeng Hu (China Agricultural Univ.) Michel A. Robe (Univ. of Illinois at Urbana-Champaign) Michael K. Adjemian (Univ. of Georgia) |
Yongsik Kim (HanKuk Univ. of Foreigin Studies) |
Session 4: Fixed Income Securities Chair: Kwan Hui Lee(Seoul National Univ.)
| Tile | Author | Discussant |
| Why Have Actively Managed Bond Funds Remained Popular? Download▼ | Jaewon Choi* (Univ. of Illinois at Urbana-Champaign) K. J. Martijn Cremers (Univ. of Notre Dame) Timothy B. Riley (Univ. of Arkansas) |
Hyun Soo Do (Nanyang Technological Univ.) |
| Issuance and Valuation of Corporate Bonds with Quantitative Easing Download▼ | Stefano Pegoraro * (Univ. of Notre Dame) Mattia Montagna (European Central Bank) |
Dong Beom Choi (Seoul National Univ.) |
| One Session Options: Playing the announcement lottery? Download▼ | Lee A Smales * (Univ. of Western Australia) |
Hogyu Jhang (Chungnam National Univ.) |
Session 5: Credit Risk and Insurance Chair: Sol Kim(HanKuk Univ. of Foreigin Studies)
| Tile | Author | Discussant |
| Warrants in the Financial Management Decisions of Innovative Firms Download▼ | Hyuna Park* (Brooklyn College of the City Univ. of New York) |
Gyung Hee Park (Hannam Univ.) |
| The Sources of Risk in Credit Portfolio Download▼ | Yongwoong Lee (Hankuk Univ. of Foreign Studies) Kisung Yang (Soongsil Univ.) Yongbok Cho * (Korea Univ.) |
Kwangil Bae (Chonnam National Univ.) |
| Municipal Bond Insurance and the U.S. Drinking Water Crisis Download▼ | Ashwini Agrawal ((London School of Economics & Political Science) Daniel Kim * (BI Norwegian Business School) |
Jimin Hong (Soongsil Univ.) |
Session 6: Empirical Asset Pricing Chair: Daejin Kim(UNIST)
| Tile | Author | Discussant |
| Executives' Blaming External Factors and Market Reactions: Evidence from Earnings Conference Calls Download▼ | Joonki Noh * (Case Western Reserve Univ.) Dexin Zhou (Baruch College, City Univ. of New York) |
Jaesun Yun (Dongguk Univ.) |
| Correlations, Value Factor Returns, and Growth Options Download▼ | Lorenzo Schonleber * (Collegio Carlo Alberto) |
Changjun Lee (HanKuk Univ. of Foreigin Studies) |
| Does Portfolio Disclosure Make Money Smarter? Download▼ | Byoung Uk Kang * (Hong Kong Polytechnic Univ.) Andrew J. Sinclair (Univ. of Hong Kong) Stig J. Xeno (Hong Kong Polytechnic Univ.) |
Yongjun Kim (Univ. of Seoul) |
Session 7: Crypto Assets and Machine Learning Chair: Bong-Gyu Jang(POSTECH)
| Tile | Author | Discussant |
| Crypto Wash Trading Download▼ | Lin William Cong (Cornell Univ.) Xi Li * (Univ. of Newcastle) Ke Tang (Tsinghua Univ.) Yang Yang (Tsinghua Univ.) |
Dongyoup Lee (Kookmin Univ.) |
| Information Uncertainty and Deep Learning Download▼ | Suk-Joon Byun (KAIST) Sangheum Cho* (KAIST) |
Heebum Lee (Korea Univ.) |
| Testing the Local Martingale Theory of Bubbles using Cryptocurrencies Download▼ | Soon Hyeok Choi* (Cornell Univ.) Robert A. Jarrow (Cornell Univ.) |
Hope Hyeun Han (UNIST) |
Session 8: Investment: Strategy and Efficiency Chair: Tong Suk Kim(KAIST)
| Tile | Author | Discussant |
| Option Price Implied Information and REIT Returns Download▼ | Jie Cao (The Chinese Univ. of Hong Kong) Bing Han (Univ. of Toronto) Linjia Song * (The Chinese Univ. of Hong Kong) Xintong Zhan (The Chinese Univ. of Hong Kong) |
Sang Ik Suk (Univ. of Ulsan) |
| Connectivity Costs and Price Efficiency: An Event Study Download▼ | Alex Frino (Univ. of Wollongong) Ognjen Kovacevic (Macquarie Univ.) Vito Mollica * (Macquarie Univ.) Robert Webb (Univ. of Virginia) |
Yonghyun Kwon (Changwon National Univ.) |
| Pairs Trading via Unsupervised Learning Download▼ | Chulwoo Han * (Durham Univ.) Zhaodong He (Durham Univ.) Alenson Toh (Nanyang Technological Univ.) |
Jae Wook Song (Hanyang Univ.) |
Session 9: Behavioral Finance Chair: Noolee Kim(Hanyang Univ.)
| Tile | Author | Discussant |
| Happiness and Innovation around the World Download▼ | Yuna Heo (Rutgers Univ.) Fangfang Hou (Xiamen Univ.) Seongkyu "Gilbert" Park * (Hong Kong Polytechnic Univ.) |
Sunwoo Hwang (Korea Univ.) |
| Innovation Overload? Download▼ | Byoung-Hyoun Hwang (Cornell Univ.) Hugh Hoikwang Kim * (Univ. of South Carolina) Kai Wu (Central Univ. of Finance and Economics) |
June-Youp Lee (UNIST) |
| Overconfidence in Money Management: Balancing the Benefits and Costs Download▼ |
Jung Hoon Lee (Tulane Univ.) Shyam Venkatesan * (Univ. of Western Ontario) |
Min-Jik Kim (KOREATECH) |