With Min Jung KANG, Hyung Seok KIM, and Sang Ok KOO
It is about. The vocals pitch of male CEOs can be 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 during the 2008 financial meltdown in order to find a negative relationship between your sound pitch regarding the CEO together with threat of the firm. Deep-voiced male CEOs were www.eliteessaywriters.com/review/college-paper-org almost certainly going to be fired following the crisis that is financial until 2012. Look at full instance of Barclays right next! Microstructure occasion research reveals that deeply voiced CEOs’ TV interviews increased stock return volatility transitorily during the full moment associated with interviews.
Media protection:
Presented at Nanyang company class in Singapore, Deakin University, Asian FA 2018 at Tokyo, KAIST, Seoul nationwide University, Seoul Quant Conference 2017, the University of Michigan – Flint
(with Jen CHANG and Min Jung KANG)
Most useful Paper Award: Asian-Pacific Conference on Global Accounting Issues 2018
Presented at Asian-Pacific Conference on International Accounting Issues, bay area, 2018; the Joint Accounting Workshop of SKKU & National Taipei University, May 2018 – by Jen CHANG november.
It is about. Whenever commercial bankers sit regarding the board as separate directors of borrowing companies, 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 is about. Making use of the transcripts of 7,000 CEO interviews on CNBC, we investigate whether male and female CEOs differ pertaining to self-attribution bias.
“Predicting North Aggression that is korean Using Short product product Sales and Media Tone”(with Min Jung KANG, Doug KIM, & Hosung JUNG) – Outstanding outside Collaboration Award by Bank of Korea, 2014 (???? ?? ?????? ? ??) Presented at FMA 2017, Boston.
It is about. We utilize North Korea as an exogenous surprise into the amount of geopolitical chance of South Korea, due to the fact previous transitioned from a situation without nuke/ICBM to a situation with people within the decade that is last. A permanent -1.59% automobile in Korean market and -0.88% vehicle in the usa market are reported whenever NK tests the tools, but just brief run overreaction is discovered for NK armed forces aggressions. We detect unusual short product sales from the international organizations for the nations having diplomatic relations with NK (especially the UK) before the shock attacks and nuke assessment (although not for the people 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 really is about. Whether better liquidity for the stock exchange drives the company to become more or less myopic actually hinges on what sort of institutional investors have actually big ownership regarding the company. We utilize the decimalization of this stock exchange in 2001 being an exogenous shock to market liquidity and discover that the organizations with additional ownership by transient institutional investors became more myopic with regards to CEO dismissal.
It really is about. After receiving public that is tremendous due to some extent to the provocative media depiction of the CEO, in a write-up en titled “Goldman’s employer: We do God’s work,” Goldman Sachs jumped up to rank no. 2 when it comes to philanthropic efforts (PC, hereafter) this season. Making use of analysis that is textual of million news articles in regards to the biggest 100 businesses in america over 2000
2010, we realize that businesses strengthen their CSR performance and save money on Computer if the opinion that is public their CSR is negative with intensive news protection.
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 really is about. Individual investors have stoked up about the business and get the stock whenever business gets news attention. CEO meeting produces genuine excitement and attention with minimum brand new information because of the concern of reasonable disclosure. Effective market theory would anticipate no cost reaction to such pseudo occasion, but we nevertheless find significant jump and reversal. The magnitude of reaction is really a function regarding the viewership. Institutional investors short offer more on the full days of news interviews.
Presented in the AFA (by coauthor), CICF, Singapore Finance Conference, SKKU GSB
**Media protection concerning this paper
It 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 firm’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 of this paper award that is best (2nd greatest) at SFM Taiwan Conference 2017, Korean Finance Association Meeting 2015
It is about. : simply how much does the masculinity associated with the CEO affect the chance of the company? Using facial width-to-height ratio (fWHR), a great proxy for masculinity this is certainly considered to be related to aggressive danger searching for behavior, we discover that masculine experienced CEOs (1) increase company riskstock return volatility & idiosyncratic vol; (2) maintain high leverage ratio; (3) are more acquisitive more # of discounts, $$$ on discounts, purchase premium and reduced purchase announcement return; and (4) receive high VEGA payment. We find robust results AI that is using measured. FinTech implication: banking institutions could enhance measuring the chance preference of retail clients by making use of scanned picture IDs.
Python coding of (measuring fWHR) available upon request – Please cite us.