Soku Byoun

Baylor University

Professor of Finance and Carr P. Collins Endowed Chair of Finance

Department of Finance Insurance & Real Estate

P.O.Box 98004

Waco, TX 76712

  • Baylor University

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    • Tel: 254-710-7849
SCHOLARLY PAPERS

18

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23

CROSSREF CITATIONS

32

Scholarly Papers (18)

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1.

Financial Flexibility and Capital Structure Decision

Number of pages: 50 Posted: 25 Mar 2008 Last Revised: 20 Mar 2011
Soku Byoun
Baylor University
Downloads 3,117 (4,124)
Citation 29

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Financial Flexibility, Trade-off theory, Pecking-order theory

2.

How and When Do Firms Adjust Their Capital Structures Toward Targets?

Journal of Finance 63, 2008
Number of pages: 44 Posted: 20 Jan 2005 Last Revised: 10 Mar 2014
Soku Byoun
Baylor University
Downloads 1,219 (18,962)
Citation 15

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capital structure, tradeoff theory, adjustment costs

3.

Risk Management with Leverage: Evidence from Project Finance

Journal of Financial and Quantitative Analysis (JFQA), Vol. 48, 2013
Number of pages: 46 Posted: 20 Mar 2011 Last Revised: 08 Mar 2014
Soku Byoun, Jaemin Kim and Sean Sehyun Yoo
Baylor University, Fowler College of Business and Belmont University - College of Business Administration
Downloads 576 (54,119)
Citation 1

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Project Finance, Risk Management, Capital Structure

4.

Information Content of Unsolicited Credit Ratings: Evidence from Japanese Firms

Asia-Pacific Journal of Financial Studies 41
Number of pages: 43 Posted: 09 Apr 2003 Last Revised: 08 Mar 2014
Soku Byoun and Yoon S. Shin
Baylor University and Loyola University Maryland
Downloads 553 (56,968)
Citation 18

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Rating, Asymmetric information, Signaling, Separating equilibrium

5.

Does Corporate Board Diversity Affect Corporate Payout Policy?

Number of pages: 69 Posted: 18 Mar 2011 Last Revised: 10 Sep 2013
Soku Byoun, Kiyoung Chang and Young Sang Kim
Baylor University, University of South Florida Sarasota-Manatee - College of Business and Northern Kentucky University - Haile/US Bank College of Business
Downloads 536 (59,134)
Citation 5

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Board Diversity, Payout Policy, Monitoring, Free Cash Flow

6.

Why Do Some Firms Go Debt-Free?

Asia-Pacific Journal of Financial Studies 41, 2013
Number of pages: 39 Posted: 18 Mar 2006 Last Revised: 26 Jun 2017
Soku Byoun and Zhaoxia Xu
Baylor University and UNSW Australia Business School, School of Banking and Finance
Downloads 474 (68,874)
Citation 3

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capital structure, debt-free capital structure, dividend policy

7.

Shares vs. Warrant-Share Units: Evidence from Seasoned Equity Offerings

Downloads 327 (106,210)

Shares vs. Warrant-Share Units: Evidence from Seasoned Equity Offerings

Journal of Corporate Finance, Vol. 9, No. 5, 2003
Number of pages: 16 Posted: 05 Apr 2003 Last Revised: 08 Mar 2014
Soku Byoun and William T. Moore
Baylor University and University of South Carolina
Downloads 327 (105,554)

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Unit offering, signaling, agency cost, warrant

Shares vs. Warrant-Share Units: Evidence from Seasoned Equity Offerings

Posted: 05 Apr 2003
Soku Byoun and William T. Moore
Baylor University and University of South Carolina

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Unit offering, signaling, agency cost, warrant

8.

Contracts, Governance, and Country Risk in Project Finance: Theory and Evidence

Journal of Corporate Finance, Forthcoming
Number of pages: 56 Posted: 07 Mar 2014
Soku Byoun and Zhaoxia Xu
Baylor University and UNSW Australia Business School, School of Banking and Finance
Downloads 321 (108,383)

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Project Finance; Political Risk; Government Grant; Offtake Agreement; Public-Private Partnership

9.

Financial Flexibility Demand on Corporate Financial Decisions

Number of pages: 59 Posted: 04 Aug 2016 Last Revised: 20 Nov 2020
Soku Byoun
Baylor University
Downloads 302 (115,755)
Citation 2

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Financial flexibility; Cash holding; Capital structure; Trade-off theory; Pecking-order theory

10.

Stock Performance Following Seasoned Stock-Warrant Unit Offerings

Downloads 292 (119,925)

Stock Performance Following Seasoned Stock-Warrant Unit Offerings

Journal of Business, Vol. 77, No. 1, 2004
Number of pages: 32 Posted: 05 Apr 2003 Last Revised: 08 Mar 2014
Soku Byoun
Baylor University
Downloads 292 (119,262)
Citation 1

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Unit offering, Seasoned offering, Warrants, Staged Financing, Signaling, Agency costs

Stock Performance Following Seasoned Stock-Warrant Unit Offerings

Posted: 09 Nov 2003
Soku Byoun
Baylor University

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Unit offering. Seasoned offering, Warrants, Staged Financing, Signaling, Agency costs

11.

Product Market Competition and Financial Decisions During a Financial Crisis

Financial Management, Forthcoming
Number of pages: 46 Posted: 09 Apr 2015
Zhaoxia Xu and Soku Byoun
UNSW Australia Business School, School of Banking and Finance and Baylor University
Downloads 153 (220,022)

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Predation, Flight to quality, Financial crisis, Competition

12.

Information Content of Unsolicited Credit Ratings and Incentives of Rating Agencies: A Theory

International Review of Economics & Finance, Forthcoming
Number of pages: 34 Posted: 20 Mar 2011 Last Revised: 08 Mar 2014
Soku Byoun
Baylor University
Downloads 80 (347,277)
Citation 2

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Unsolicited rating; Asymmetric information; Signaling; Subscriber-fee scheme; Issuer-fee scheme

13.

Are Unsolicited Ratings Biased? Evidence from Long-Run Stock Performance

Journal of Banking and Finance, Vol. 42, 2014
Number of pages: 40 Posted: 09 Mar 2014
Soku Byoun, Jon A. Fulkerson, Seung Hun Han and Yoon S. Shin
Baylor University, University of Dayton, Korea Advanced Institute of Science and Technology (KAIST) - Department of Management Science and Loyola University Maryland
Downloads 69 (377,354)

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Credit Ratings; Unsolicited Ratings; Long-Run Returns

14.

The Sensitivity of Cash Savings to the Cost of Capital

Downloads 47 (452,487)

The Sensitivity of Cash Savings to the Cost of Capital

NYU Stern School of Business
Number of pages: 65 Posted: 19 Aug 2020
Viral V. Acharya, Soku Byoun and Zhaoxia Xu
New York University - Leonard N. Stern School of Business, Baylor University and UNSW Australia Business School, School of Banking and Finance
Downloads 41 (487,285)

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Hedging, Precautionary Motive, Market Timing, Financial Constraint

The Sensitivity of Cash Savings to the Cost of Capital

NBER Working Paper No. w27517
Number of pages: 65 Posted: 14 Jul 2020
Viral V. Acharya, Soku Byoun and Zhaoxia Xu
New York University - Leonard N. Stern School of Business, Baylor University and UNSW Australia Business School, School of Banking and Finance
Downloads 6 (719,865)
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The Sensitivity of Cash Savings to the Cost of Capital

CEPR Discussion Paper No. DP15059
Number of pages: 68 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Viral V. Acharya, Soku Byoun and Zhaoxia Xu
New York University - Leonard N. Stern School of Business, Baylor University and UNSW Australia Business School, School of Banking and Finance
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Financial constraint, Hedging, market timing, Precautionary motive

15.

Understanding the Information Content of Alternative Cost-of-Equity Proxies

Number of pages: 45 Posted: 07 May 2019 Last Revised: 06 Aug 2020
Soku Byoun and Kai Wu
Baylor University and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 37 (495,406)

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cost of equity; corporate investment; external financing; return decomposition

16.

Does the Nationally Recognized Statistical Rating Organization Certification Matter for Japanese Credit Rating Agencies?

Journal of Financial Markets, Forthcoming
Number of pages: 38 Posted: 09 Jan 2021
Soku Byoun, Seung Hun Han and Yoon S. Shin
Baylor University, Korea Advanced Institute of Science and Technology (KAIST) - Department of Management Science and Loyola University Maryland
Downloads 4 (713,482)

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Credit Rating Agency; SEC Regulation; Certification; Competition; Market Share

17.

Capital Allocation and Product Market Competition During a Financial Crisis

AFA 2012 Chicago Meetings Paper, NYU Poly Research Paper
Posted: 20 Mar 2011 Last Revised: 17 Feb 2012
Soku Byoun and Zhaoxia Xu
Baylor University and UNSW Australia Business School, School of Banking and Finance

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Capital allocation, Internal finance, Financial crisis, Predation, Market share

18.

Expectations Hypothesis of the Term Structure of Implied Volatility: Evidence from Foreign Currency and Stock Index Options

Journal of Financial Econometrics, Vol. 1, No. 1, pp. 126-151, 2003
Posted: 29 Feb 2008
Soku Byoun, Chuck C.Y. Kwok and Hun Y. Park
Baylor University, University of South Carolina - Darla Moore School of Business and University of Illinois at Urbana-Champaign - Department of Finance

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expectations hypothesis, implied volatility, stochastic volatility, term structure