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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29

CROSSREF CITATIONS

30

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 3,497 (4,355)
Citation 36

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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 1,272 (21,993)
Citation 17

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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 618 (59,778)
Citation 2

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Project Finance, Risk Management, Capital Structure

4.

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 570 (66,256)
Citation 6

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Board Diversity, Payout Policy, Monitoring, Free Cash Flow

5.

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 561 (67,586)
Citation 2

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Rating, Asymmetric information, Signaling, Separating equilibrium

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 482 (81,457)
Citation 4

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capital structure, debt-free capital structure, dividend policy

7.

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 365 (112,503)
Citation 2

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

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 342 (120,810)

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

9.

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

Downloads 336 (123,273)

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 336 (122,530)

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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

10.

Stock Performance Following Seasoned Stock-Warrant Unit Offerings

Downloads 294 (141,804)

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 294 (141,099)
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 157 (253,867)

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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 82 (399,908)
Citation 2

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

13.

The Sensitivity of Cash Savings to the Cost of Capital

Downloads 79 (408,512)
Citation 1

The Sensitivity of Cash Savings to the Cost of Capital

NYU Stern School of Business
Posted: 19 Aug 2020 Last Revised: 27 Jan 2022
Viral V. Acharya, Viral V. Acharya, Soku Byoun and Zhaoxia Xu
ProfessorNew York University - Leonard N. Stern School of Business, Baylor University and UNSW Australia Business School, School of Banking and Finance
Downloads 59 (483,231)
Citation 1

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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 Last Revised: 10 Mar 2022
Viral V. Acharya, Viral V. Acharya, Soku Byoun and Zhaoxia Xu
ProfessorNew York University - Leonard N. Stern School of Business, Baylor University and UNSW Australia Business School, School of Banking and Finance
Downloads 20 (705,821)

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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, Viral V. Acharya, Soku Byoun and Zhaoxia Xu
ProfessorNew 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

14.

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 73 (426,973)

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Credit Ratings; Unsolicited Ratings; Long-Run Returns

15.

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 63 (461,053)

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

16.

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

Number of pages: 49 Posted: 07 May 2019 Last Revised: 07 May 2021
Soku Byoun and Kai Wu
Baylor University and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 63 (464,684)
Citation 1

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cost of equity; corporate investment; return decomposition

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