Soku Byoun

Baylor University

Assistant Professor of Finance

Department of Finance Insurance & Real Estate

P.O.Box 98004

Waco, TX 76712

  • Baylor University

    • Email
    • Tel: 254-710-7849
SCHOLARLY PAPERS

16

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7,578

SSRN CITATIONS
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Top 17,348

in Total Papers Citations

18

CROSSREF CITATIONS

30

Scholarly Papers (16)

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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 2,851 (4,114)
Citation 21

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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 1,170 (17,553)
Citation 10

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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 555 (49,699)
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 550 (50,248)
Citation 17

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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 523 (53,630)
Citation 2

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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 468 (61,638)
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 321 ( 95,722)

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 321 (95,119)

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Unit offering, signaling, agency cost, warrant

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

Forthcoming in Journal of Corporate Finance
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 305 (101,248)

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

9.

Stock Performance Following Seasoned Stock-Warrant Unit Offerings

Downloads 289 (107,341)

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 289 (106,740)
Citation 1

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

Stock Performance Following Seasoned Stock-Warrant Unit Offerings

Journal of Business, March 2002
Posted: 09 Nov 2003
Soku Byoun
Baylor University

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

10.

The Effects of Financial Flexibility Demand on Corporate Financial Decisions

Number of pages: 54 Posted: 04 Aug 2016
Soku Byoun
Baylor University
Downloads 223 (139,988)
Citation 2

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

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 149 (200,816)

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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 78 (316,395)
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 67 (344,443)

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Credit Ratings; Unsolicited Ratings; Long-Run Returns

14.

Understanding the Effects of Alternative Cost-of-Equity Proxies on Corporate Investment and Financing

Number of pages: 49 Posted: 07 May 2019 Last Revised: 30 Aug 2019
Soku Byoun and Kai Wu
Baylor University and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 29 (482,476)

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Implied Cost of Capital, Cash Flow News, Discount Rate News

15.

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

16.

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