Activity 2018

The Thirteenth Conference on Asia-Pacific Financial Markets (CAFM) held by Korean Securities Association (KSA) in Seoul, Korea on December 7-8, 2018

  • Young Baek, Nova Southeastern University, “Does Improved Governance Lead to a Higher Share of FDI in Foreign Equity Investments?”
  • Yong-Cheol Kim, University of Wisconsin-Milwaukee, “Political Capital: An Analysis of Congress Voting on the Financial Regulations”
  • Young Sang Kim, Northern Kentucky University, “Using Geographic Density of Firms to Identity the Effect of Board Size on Firm Value and Corporate Policies”


Joint Seminar with Korea Capital Market Institute (KCMI) in Seoul, Korea on December 11, 2018 under the title of Shareholder Activism and Corporate Governance

  • Jin-Mo Kim, Rutgers University, “Does Experience Matter for Hedge Fund Managers? Effects of Industry Expertise on Hedge Fund Activism”
  • Taehyun Kim, University of Notre Dame, “Financial Constraints and CORPORATE Environmental Policies”
  • Choonsik Lee, Quinnipiac University, “Let’s Talk Sonner Rather than Later: The Strategic Communication Decisions of Activist Blockholders”


Korea America Finance Association Special Sessions in the 2018 Financial Management Association Annual Meeting

  • Korea America Finance Association and Bank of Korea Special Session

Friday, October 12, 8:30 am - 10:00 am (Aqua AB, Hilton San Diego Bayfront)

Yoon K Choi, President, Korea America Finance Association, University of Central Florida


  • Sung Ho Park, Bank of Korea, “Fixed-Rate Loans and the Effectiveness of Monetary Policy.”
  • Youngjin Yun, Bank of Korea, “Cross-Border Bank Flows through Foreign Branches: Evidence from Korea.”
  • Soohyon Kim, Bank of Korea, “New Phase in Capital Flows: Evidence from the South Korean Bond Market.”


  • Korea America Finance Association and Korea Institute of Finance Special Session

Friday, October 12, 10:15 am - 11:45 am (Aqua AB, Hilton San Diego Bayfront)


Sahn-Wook Huh, President-Elect, Korea America Finance Association, University at Buffalo SUNY


  • Seok Ki Kim, Korea Institute of Finance, “Size-dependent Regulations and Financial Friction in Incomplete Markets.”
  • Tao Shu, University of Georgia, “Is the Chinese Corporate Anti-Corruption Campaign Authentic?”
  • Sung C. Bae, Bowling Green State University, “Corporate Diversification, Sales Growth, and Capital Market Development: Cross-Country Evidence.”


The Joint Conference with Allied Korea Finance Associations (KFAs)

On May 25-26, 2018, the following KAFA members presented their papers at the 2018 Joint Korea Finance Conference in Cheon-An, Korea:

  • Young Sang Kim, Real activity management in the presence of labor unions: An empirical study using firm level union data
  • Jae Yung Kim, Where have all the public companies gone?
  • Daewoung Choi, Another movie of being a good corporate citizen: Evidence from securities class action lawsuits
  • Unyong Pyo, CEO compensation and employee wages
  • Jaewon Choi, Anomalies and market (dis)integration
  • Seung-Oh Han, What does the prevalence of zero returns tell us? Evidence from U.S. treasury securities


The Joint Conference with the Korea Institute of Finance (KIF)

The annual joint conference was held on May 30, 2018 at the Korea Federation of Banks building in Seoul under the title of Household Debt and Economic Policies. KAEA and two KAFA members presented papers. The following KAFA members presented their work:

  • Kee-Hong Bae, Does competition affect ratings quality?
  • Hugh H. Kim, Economic policy uncertainty and bank liquidity creation

Submit Your Good News

Due to the limited information, not all the activities are listed. Please send your good news (e.g., new publications, promotion, new job, etc.) to KAFA (