Members Activity in 2016
KCMI - KAFA - SKK GSB Joint International Conference
- Celebration of 25th Anniversary of KAFA
June 3, 2016, SKK GSB, Sungkyunkwan University
Organizing Committee:
Dong-Hyun Ahn, President, Korea Capital Market Institute
Inhyung Lee, Vice-President, Korea Capital Market Institute
Jae Ha Lee, Dean, SKK GSB, Sungkyunkwan University
Saeyoung Chang, KAFA President, University of Nevada, Las Vegas
Chan Wung Kim, KAFA Immediate Past President, University of Massachusetts Lowell
Soku Byoun, KAFA President-Elect, Baylor University
Jin-Mo Kim, KAFA Secretary General, Rutgers University
Ha-Chin Yi, KAFA Treasurer, Texas State University
Woojin Kim, KAFA Secretary General in Korea, Seoul National University
Advisory Committee:
Beomsik Jang, Executive Vice-President, Soongsil University
Sponsors:
Korea Capital Market Institute
SKK GSB, Sungkyunkwan University
Korea Investment & Securities
KDB Daewoo Securities
Financial News
Shinhan Bank
Conference Theme of Morning Sessions:
“Issues in Investment Banking in Korea” (Tentative)
PROGRAM:
Friday, June 3, 2016
Registration and Continental Breakfast
8:00 – 9:00
Reception Hall (SKK GSB)
Ha-Chin Yi, KAFA Treasurer, Texas State University (Registration and Support)
Welcome Remark
9:00 – 9:15
Tiered Classroom I (SKK GSB)
Dong-Hyun Ahn, President, Korea Capital Market Institute
Jae Ha Lee, Dean, SKK GSB, Sungkyunkwan University
Saeyoung Chang, KAFA President, University of Nevada, Las Vegas
Keynote Speech
9:15 – 10:05
Tiered Classroom I (SKK GSB)
Dong-Hyun Ahn, President, Korea Capital Market Institute
“An Empirical Evidence on Funding Liquidity and Market Liquidity”
Coffee Break
10:05 -10:20
Reception Hall (SKK GSB)
Panel Session: Contestability and Strategy of Securities Industry in Korea (Tentative)
10:20 – 12:00
Tiered Classroom I (SKK GSB)
Moderator: Inhyung Lee, Vice-President, Korea Capital Market Institute
Panelists:
Yong Rin Park, Research Fellow, Korea Capital Market Institute
“Contestability of Securities Industry in Korea and Potential for Structural Change”
Soon Young Choi, Research Fellow, Korea Capital Market Institute
“Characteristics and Determinants of Overseas Entry of Korean Securities Firms”
(TBA)
(TBA)
Luncheon
12:00 - 13:30
Reception Hall (SKK GSB)
Academic Session I
13:30 – 15:15
Session 1: Issues in Stock Valuation
Tiered Classroom I (SKK GSB)
Session 2: Corporate Governance Issues
Tiered Classroom II (SKK GSB)
Coffee Break
15:15 -15:30
Reception Hall (SKK GSB)
Academic Session II
15:30 – 17:50
Session 3: Investor Behavior in Capital Markets
Tiered Classroom I (SKK GSB)
Session 4: Corporate Policy Issues
Tiered Classroom II (SKK GSB)
Dinner
18:00 –
Reception Hall (SKK GSB)
13:30~15:15 Academic Session I |
Session 1: Issues in Stock Valuation
Chair: Kee H. Chung (State University of New York at Buffalo)
Topics |
Speakers |
Discussants |
The relative industry valuation hypothesis of cross-listing |
Kee-Hong Bae (York University) |
Ajai Singh (University of Central Florida) |
Intangible Assets and the Book-to-Market Effect |
Hyuna Park (Brooklyn College of the City University of New York) |
Don Chance (Louisiana State University) |
The Value and Profitability Premiums |
Hong Yan (Shanghai Advanced Institute of Finance) |
Hyuna Park (Brooklyn College of the City University of New York) |
Session 2: Corporate Governance Issues
Chair: Jongmoo Jay Choi (Temple University)
Topics |
Speakers |
Discussants |
Control beyond Ownership: Subcontractors of Large Business Groups |
Jongsub Lee (University of Florida) |
Dong-Wook Lee (Korea University) |
Foreign Capital and Local Firms: Channels of Foreign Influence via Ownership, Board and Management |
Jongmoo Jay Choi (Temple University) |
Xuan Tian (Indiana University) |
Geographic Concentration of Institutions, Corporate Governance, and Firm Value |
Jun-Koo Kang (Nanyang Technological University) |
Utpal Bhattacharya (Hong Kong University of Science and Technology) |
15:30~17:50 Academic Session II |
Session 3: Investor Behavior in Capital Markets
Chair: Chan Wung Kim (University of Massachusetts Lowell)
Topics |
Speakers |
Discussants |
Residual Momentum and Investor Underreaction in Japan |
S. Ghon Rhee (University of Hawaii) |
Hyoung-Goo Kang (Hanyang University) |
Strategic Informed Trading and the Market Reaction to Earnings Announcements |
Kee H. Chung (State University of New York at Buffalo) |
Hong Yan (Shanghai Advanced Institute of Finance) |
Investor Flows and Fragility in Corporate Bond Funds |
David Ng (Cornell University) |
Hugh Hoikwang Kim (SKK GSB Sungkyunkwan University) |
Trading Restrictions and Supply Effects |
Ajai Singh (University of Central Florida) |
Seoyoung Kim (Santa Clara University) |
Session 4: Corporate Policy Issues
Chair: Jun-Koo Kang (Nanyang Technological University)
Topics |
Speakers |
Discussants |
Rollover Risk and Capital Structure Covenants in Structured Finance Vehicles |
Seoyoung Kim (Santa Clara University) |
Jongsub Lee (University of Florida) |
Corporate Currency Risk Management: Policies, Practices, and the Great Divide |
Don Chance (Louisiana State University) |
Baeho Kim (Korea University) |
Nominal Stock Price Anchors: A Global Phenomenon? |
Utpal Bhattacharya (Hong Kong University of Science and Technology)
|
Eunju Lee (University of Massachusetts Lowell)
|
Labor Unions and Payout policy: A Regression Discontinuity Analysis |
Xuan Tian (Indiana University) |
Woochan Kim (Korea University) |
Archive
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