2017년 8월 7일
20170720_165817

[Research Seminar 2017.07.20]How do co-opted directors influence corporate risk-taking?

Speaker’s Name: YoungSang Kim (Professor/Northern Kentucky University)   Abstract: Motivated by agency theory, we explore the effect of co-opted directors, i.e. directors appointed after the incumbent CEO assumes office, on corporate risk taking. Our results show that a higher proportion of co-opted directors on the board leads to significantly higher […]
2017년 7월 18일
KakaoTalk_20170718_113410369

[Research Seminar 2017.07.13] “Normal” is more normal for some asset classes

Speaker’s Name: Jaehyuk Choi (Assistant Prof./Peking University HSBC Business School) Abstract: This study concerns normal stochastic volatility (NSV) model in which the price follows an arithmetic Brownian motion. The NSV model provides a better option pricing model for some asset classes, such as interest rate, compared to its counterpart based on […]
2017년 7월 18일
KakaoTalk_20170707_134128550

[Research Seminar 2017.07.04] Do Investors Use Options and Futures to Trade on Different Types of Information? Evidence from an Aggregate Stock Index

Speaker’s Name: Kyounghun Bae (Assistant Prof./Hanyang University) Abstract Option prices are sensitive to changes in volatility whereas futures prices are not. We investigate this distinction empirically and test the hypothesis that investors with information about future returns (volatilities) will prefer to trade in futures (options) because futures (options) protect the investor […]
2017년 7월 18일
KakaoTalk_20170629_165645362

[Research Seminar 2017.06.28] Consumer Search and Choice under Limited Product Information

Speaker’s Name: Jun B. Kim  (Associate Prof./Hong Kong University of Science and Technology)   Abstract Empirical models of consumer search typically assume that consumers are fully informed about key product attribute values prior to search and their search objective is resolve the remaining idiosyncratic match values of the products. However, […]