[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 r […]

[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 […]

[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 inv […]

[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 […]