PROGRAM (LIST)
Session1: Crypto Assets and Unicorns Chair: Jeongsun Yun (Kookmin Univ.)
| Tile | Author | Discussant |
| Staking, Token Pricing, and Crypto Carry |
Lin William Cong (Cornell Univ.) Zhiheng He* (Tsinghua Univ.) Ke Tang (Tsinghua Univ.) |
Huisu Jang (Soongsil Univ.) |
| In Search of A Unicorn |
Felix Zhiyu Feng (Univ. of Washington) Yifan Luo* (Univ. of Washington) |
Hyun Soo Doh (NanyangTechnological Univ.) |
| Tax-Loss Harvesting with Cryptocurrencies | Lin William Cong (Cornell Univ.) Wayne Landsman (Univ. of North Caroline) Edward Maydew (Univ. of North Caroline) Daniel Rabetti* (Tel Aviv Univ.) |
Byung Hwa Lim (Sungkyunkwan Univ.) |
Session2: Derivative Securities Chair: Youngsoo Choi (Hankuk Univ. of Foreign Studies)
| Tile | Author | Discussant |
| Price Discovery in China’s Crude Oil Futures Markets: An Emerging Asian Benchmark? |
Ziliang Yu (Nankai Univ.) Jian Yang (Nankai Univ.) Robert I. Webb* (Univ.of Virginia) |
Hyoung-Goo Kang (Hanyang Univ.) |
| Hedging Pressure and Commodity Option Prices | Ing-Haw Cheng (Univ. of Toronto) Ke Tang (Tsinghua Univ.) Lei Yan* (Yale Univ.) |
Yuen Jung Park (Hallym Univ.) |
| Closing Pressure, Predatory Trading, and the Negative Price of Oil | Yiqing Ge* (Tsinghua Univ.) Wenjin Kang (Shanghai Univ.) Ke Tang (Tsinghua Univ.) Liyan Yang (Toronto Univ.) |
Sang-Ik Seok (Univ. of Ulsan) |
Session 3: : Corporate Finance Chair: Heejin Park (Pusan National Univ.)
| Tile | Author | Discussant |
| Dancing with Family Owners: Is Shareholder Activism Effective in Family Firms? |
Jun-Koo Kang (Nanyang Technological Univ.) Hyemin Kim* (Hanyang Univ.) Jungmin Kim (Hong Kong Polytechnic Univ.) |
Jong-Min Oh (Sungkyunkwan Univ.) |
| Stress Tests and Model Monoculture |
Keshav Dogra (Federal Reserve Bank of New York) Keeyoung Rhee* (POSTECH) |
Jimin Hong (Soongsil Univ.) |
| Contingent Employment and Innovation | Sunwoo Hwang* (Korea Univ.) | Jiyoon Lee (Yonsei Univ.) |
Session 4: ESG Chair: Kyojik “Roy” Song (Sungkyunkwan Univ.)
| Tile | Author | Discussant |
| The Effect of ESG-motivated Turnover on Firm Financial Risk |
Daewoung Choi (Louisiana State Univ.) Yong Kyu Gam* (Univ. College Dublin) Min Jung Kang (Univ. of Michigan) Hojong Shin (California State Univ.) |
Hee-Eun Kim (Myongji Univ.) |
| Are Socially Responsible Firms Really Responsible? Main Street Lending during the Great Recession |
Dong Beom Choi* (Seoul National Univ.) Seongjoon Jeong (Seoul National Univ.) |
Hyun-Soo Choi (KAIST) |
| ESG Commitment and the Value of “Walking the Talk”: Evidence from Closed-End Funds |
Hyun-Soo Choi (KAIST) Hugh Hoikwang Kim* (Univ. of South Carolina) Yun-Soo Kim (KAIST) |
Bonha Koo (Chungnam National Univ.) |
Session 5: Fixed Income Securities Chair: Byoung Ki Seo (UNIST)
| Tile | Author | Discussant |
| Foreign Debt, Exchange Rate Exposure, and Corporate Distress | Yancheng Qiu* (Hong Kong Univ. of Science and Technology) |
Junyoup Lee (UNIST) |
| A Linear-rational Multi-curve Term Structure Model with Stochastic Spread |
Jose Da Fonseca (World Bank Group and Universite Paris 1 Pantheon) Komi Edem Dawui* (World Bank Group and Universite Paris 1 Pantheon) Yannick Malevergne (World Bank Group and Universite Paris 1 Pantheon) |
Jaehyuk Choi (Peking Univ.) |
| Abnormal Downside Tail Risk as a Predictor of the Risky Bond Returns |
Jisu Ahn (Shinhan Asset Management) Injun Hwang* (Korea Univ.) Baeho Kim (Korea Univ.) |
Sang-Ook (Simon) Shin (UNIST) |
Session 6: Market Microstructure Chair: : Bong-Gyu Jang (POSTECH)
| Tile | Author | Discussant |
| High-frequency Trading in the Stock Market and the Costs of Option Market Making |
Nimalendran Mahendrarajah (Univ. of Florida) Khaladdin Rzayev* (University of Edinburgh and Koç University) Satchit Sagade (Goethe Univ.) |
Donggyu Kim (KAIST) |
| Trading Constraints in Continuous-time Kyle Models |
Jin Hyuk Choi (UNIST) Heeyoung Kwon* (UNIST) Kasper Larsen (Rutgers Univ.) |
Jungsuk Han (Seoul National Univ.) |
| In Pursuit of a Level Trading Field: An Empirical Examination of IEX's Crumbling Quote Remove Fee |
Seongkyu "Gilbert" Park* (Hong Kong Polytechnic Univ.) Patrik Sandas (Univ. of Virgina) |
Albert J. Lee (Truman State Univ.) |
Session 7: : Mutual Funds Chair: : Jaewon Choi (Univ. of Illinois and Yonsei Univ.)
| Tile | Author | Discussant |
| Mutual Fund Flows and Capital Supply in Municipal Financing |
Manuel Adelino(Duke Univ.) Sophia Chiyoung Cheong* (City Univ. of Hong Kong) Jaewon Choi (Univ. of Illinois and Yonsei Univ.) Ji Yeol Jimmy Oh (Hanyang Univ.) |
Junho Oh (Hankuk Univ. of Foreign Studies) |
| Distributor-level Competition among Mutual Funds : Price vs. Product Quality | Byoung Uk Kang (Hong Kong Polytechnic Univ.) Jennifer Eunkyeong Lee* (KAIST) |
Yongkil Ahn (Seoul National Univ. of Science and Technology) |
| Outsourced Fund and Risk-taking: A Tale of Two Contracts |
Jung Hoon Lee* (Vanderbilt Univ.) Saurin Patel (Univ. of Western Ontario) Shyam Venkatesan (Univ. of Western Ontario) |
Byoung Uk Kang (Hong Kong Polytechnic Univ.) |
Session 8: Investments Chair: Kuan-Hui Lee (Seoul National Univ.)
| Tile | Author | Discussant |
| In Search of a Factor Model for Option Returns |
Turan Bali (Georgetown Univ.) Jie Cao (Chinese Univ. of Hong Kong) Linjia Song* (Chinese Univ. of Hong Kong) Xintong Zhan (Fudan Univ.) |
Woon Wook Jang (Yonsei Univ.) |
| Expectation-Driven Term Structure of Equity and Bond Yields | Ming Zeng* (Univ. of Gothenburg) Guihai Zhao (Bank of Canada) |
Heungju Park (Sungkyunkwan Univ.) |
| Politicians’ Asset Allocation and Economic Bill Proposals | Hyun-Soo Choi (KAIST) Hugh Hoikwang Kim (Univ. of South Carolina) Paul Youngwook Kim* (KAIST) |
Jin Q. Jeon (Dongguk Univ.) |
Session 9: Empirical Finance Chair: Kaun Young Lee (Chung-Ang Univ.)
| Tile | Author | Discussant |
| Risk Hedging and Loan Covenants | Yuri Tserlukevich* (ASU) | Junho Park (Myongji Univ.) |
| Environmental Regulation, Pollution, and Shareholder Wealth | Seungho Choi* (Queensland Univ. of Technology) Ross Levine (Univ. of California at Berkeley) Jonghyeon Park (Univ. of New South Wales) Simon Xu (Univ. of California at Berkeley) |
Taehyun Kim (Chung-Ang Univ.) |
| Who has an Edge in Trading Index Derivatives? |
Jeewon Jang (Ajou Univ.) Jangkoo Kang (KAIST) Jaeram Lee* (Gachon Univ.) |
Hyo Seob Lee (Korea Capital Market Institute) |