Hyun Joong Im

The University of Seoul

Associate Professor of Finance

163 Seoulsiripdae-ro

Dongdaemun-gu

Seoul, 02504

Korea, Republic of (South Korea)

SCHOLARLY PAPERS

19

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4,434

SSRN CITATIONS
Rank 23,960

SSRN RANKINGS

Top 23,960

in Total Papers Citations

43

CROSSREF CITATIONS

7

Ideas:
“  I am working on various issues in corporate finance: capital structure; investment efficiency; innovation; payouts and cash holdings; and corporate social responsibility. In particular, I am interested in strategic interactions between firms and the interaction between stock markets and corporate decisions. I am also interested in evaluating various policy issues (e.g. business taxation and fiscal policies).  ”

Scholarly Papers (19)

1.

Does Doing Good Make Corporate Patents More Valuable?

Number of pages: 51 Posted: 08 Apr 2020 Last Revised: 07 Nov 2023
Hyun Joong Im, Jia Liu, Kyojik Song and Meng Zhao
The University of Seoul, University of Salford, Sungkyunkwan University and Nanyang Business School, Nanyang Technological University
Downloads 653 (75,495)

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value of innovation; corporate social responsibility; financing constraints; growth options; innovation efficiency; stakeholders; employees; customers; creditors

2.

Policy Uncertainty and Peer Effects: Evidence from Corporate Investment in China

International Review of Financial Analysis, 2021, Volume 77, Article 101834
Number of pages: 45 Posted: 09 Jan 2016 Last Revised: 20 Jul 2021
Hyun Joong Im, Jia Liu and Young Joon Park
The University of Seoul, University of Salford and Peking University - HSBC School of Business
Downloads 583 (86,538)
Citation 3

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Corporate Investment Policy, Peer Effects, Economic Policy Uncertainty, Underinvestment, Information Cascade

3.

Liquidity, Information Production, and Debt-Equity Choice

Number of pages: 52 Posted: 29 Jul 2019 Last Revised: 27 Dec 2023
Waseda University, The University of Seoul, University of Oxford - Said Business School and The Chinese University of Hong Kong, Shenzhen
Downloads 381 (143,792)
Citation 3

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Stock liquidity, Common uncertainty, Debt issuance, Corporate Financing

4.

Heterogeneity in Investment Spike Financing

Financial Intermediation Research Society Conference 2017; FMA Annual Meeting 2017; FMA European Meeting 2017; AsFA Annual Meeting 2017; PKU-NUS Conference 2017; Australasian Finance and Banking Conference 2014
Number of pages: 59 Posted: 20 Jul 2014 Last Revised: 01 Feb 2020
Hyun Joong Im, Colin Mayer and Oren Sussman
The University of Seoul, University of Oxford - Said Business School and European Corporate Governance Institute (ECGI)
Downloads 343 (161,505)

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Capital Structure, Corporate Finance, Lumpy Investment, Investment Spikes

5.

Uncertainty, Investment Spikes, and Corporate Leverage Adjustments

Journal of Banking and Finance, Vol. 145, 106649, 2022
Number of pages: 53 Posted: 15 Feb 2016 Last Revised: 21 Aug 2023
Hyun Joong Im, Robert W. Faff and Chang Y. Ha
The University of Seoul, University of Queensland and Peking University - HSBC School of Business
Downloads 308 (181,053)
Citation 5

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Capital Structure, Uncertainty, Investment Spikes, Adjustment Speeds

6.

Dividend Taxes and Investment Efficiency: Evidence from the 2003 U.S. Personal Taxation Reform

Journal of Accounting and Economics, Volume 75, No. 1, 101514, 2023
Number of pages: 53 Posted: 04 Jun 2020 Last Revised: 06 Sep 2023
Sungkyunkwan University (SKKU), College of Business Administration, Univ of Seoul and The University of Seoul
Downloads 231 (241,924)

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Dividend Taxation, Investment Efficiency, Financial Constraints, Free Cash Flows

7.

Uncertainty and the Value of Cash Holdings

Economics Letters, 155, 2017, pp. 43-48
Number of pages: 13 Posted: 28 Feb 2017 Last Revised: 26 Dec 2017
Hyun Joong Im, Heungju Park and Gege Zhao
The University of Seoul, Sungkyunkwan University - SKK Business School and Peking University - HSBC School of Business
Downloads 228 (245,004)
Citation 9

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Uncertainty, Cash Holdings, Real Options, Financial Constraints, Agency Costs

8.

Product Market Competition and the Value of Innovation: Evidence from US Patent Data

Economics Letters, 137, 2015, pp. 78-82
Number of pages: 13 Posted: 18 Jul 2015 Last Revised: 26 Dec 2017
Hyun Joong Im, Young Joon Park and Janghoon Shon
The University of Seoul, Peking University - HSBC School of Business and UNSW Business School
Downloads 225 (248,105)
Citation 7

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Innovation, Product Market Competition, Value of Innovation, Tariff Cuts

9.

The Effect of Technological Imitation on Corporate Innovation: Evidence from US Patent Data

Research Policy, Vol. 48 (2019), 103802
Number of pages: 66 Posted: 09 Jan 2017 Last Revised: 08 Aug 2019
Hyun Joong Im and Janghoon Shon
The University of Seoul and UNSW Business School
Downloads 217 (256,738)
Citation 6

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Corporate Innovation, Technological Imitation, Value of Innovation

10.

Stock Liquidity and Investment Efficiency: Evidence from the Split-Share Structure Reform in China

Emerging Markets Review, Vol. 56, 101046, 2023
Number of pages: 53 Posted: 18 Nov 2021 Last Revised: 21 Aug 2023
Waseda University, The University of Seoul and EDHEC Business School - EDHEC Infrastructure Institute
Downloads 201 (275,488)
Citation 2

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Stock liquidity, Investment efficiency, Institutional ownership, Information efficiency, Corporate governance

11.

Effect of Stock Liquidity on the Economic Value of Patents: Evidence from U.S. Patent Data

Number of pages: 47 Posted: 24 Feb 2020 Last Revised: 07 Apr 2023
The University of Seoul, EDHEC Business School - EDHEC Infrastructure Institute and University of Queensland - Business School
Downloads 176 (310,246)

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value of innovation, liquidity, feedback mechanism, institutional monitoring

12.

The Effect of Stock Liquidity on Corporate Cash Holdings: The Real Investment Motive

International Review of Finance, Vol. 22, Issue 3, pp. 580-596, 2022
Number of pages: 20 Posted: 14 Jul 2020 Last Revised: 21 Aug 2023
Hyun Joong Im, Barry R. Oliver and Heungju Park
The University of Seoul, University of Queensland - Business School and Sungkyunkwan University - SKK Business School
Downloads 164 (329,871)

Abstract:

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stock liquidity, cash holdings, investment opportunities, external financing costs

13.

Transient Institutional Ownership, Costly External Finance, and Corporate Cash Holdings

Number of pages: 49 Posted: 12 Feb 2020 Last Revised: 02 Sep 2022
The University of Seoul, Sungkyunkwan University - SKK Business School, University of Newcastle - Newcastle University Business School and University of Queensland
Downloads 143 (369,312)

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Transient Institutional Ownership, Cash Holdings, Debt-Holder-Shareholder Conflicts, Stock Price Crash Risk

14.

Asymmetric Peer Effects in Capital Structure Dynamics

Economics Letters, Vol. 176, 2019, pp. 17-22
Number of pages: 16 Posted: 02 Aug 2015 Last Revised: 31 Dec 2018
Hyun Joong Im
The University of Seoul
Downloads 139 (377,601)

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Peer Effects, Capital Structure, Speed of Adjustment, Leverage Adjustments

15.

The Effect of Affiliation with a Large Business Group on Trade Credit Finance: An Empirical Analysis of Chaebol Firms in Korea

Journal of Business Finance and Accounting, Forthcoming.
Number of pages: 40 Posted: 02 Jul 2020 Last Revised: 04 Nov 2023
Byung-Uk Chong and Hyun Joong Im
College of Business Administration, Univ of Seoul and The University of Seoul
Downloads 136 (383,992)

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trade credit, group affiliation, internal capital market, bargaining power, financial health

16.

Heterogeneous Effects of Public Listing on the Use of Trade Credit: Evidence from Korean Chaebol Versus Non-Chaebol Firms

Number of pages: 20 Posted: 22 Jul 2023 Last Revised: 15 Mar 2024
Jiyeon Kim, Inji Jung, Byung-Uk Chong and Hyun Joong Im
University of Seoul, The University of Seoul, College of Business Administration, Univ of Seoul and The University of Seoul
Downloads 109 (454,106)

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Trade credit, Public listing, Business group affiliation, Financial constraints, Internal capital markets

17.

Unified Government and the Value of Cash Holdings

Finance Research Letters, Vol. 58 (Part B), 104546, 2023
Number of pages: 20 Posted: 20 Aug 2023 Last Revised: 17 Oct 2023
Hyun Joong Im, Jiyeon Kim and Dean Ryu
The University of Seoul, University of Seoul and Said Business School, University of Oxford
Downloads 97 (495,652)
Citation 1

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Unified Government, Divided Government, Value of Cash Holdings, Investment Opportunities, Investment Efficiency, Under-investment Reduction

18.

Lumpy Investment and Expected Stock Returns

Economics Letters, Vol. 193 (2020), 109263
Number of pages: 16 Posted: 23 Jun 2020 Last Revised: 17 Jul 2020
Hyun Joong Im and Heungju Park
The University of Seoul and Sungkyunkwan University - SKK Business School
Downloads 75 (575,795)

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lumpy investment, investment spike, stock return predictability, time-varying risk premium

19.

Access to Public Capital Markets and the Extension of Trade Credit: An Empirical Analysis of Korean Public and Private Firms

Finance Research Letters, Vol. 46 (Part B), 102484, 2022
Number of pages: 15 Posted: 14 Sep 2021 Last Revised: 21 Aug 2023
Hyun Joong Im and Byung-Uk Chong
The University of Seoul and College of Business Administration, Univ of Seoul
Downloads 25 (892,602)
Citation 2

Abstract:

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business group, public capital market, trade credit, public listing