Hyun Joong Im

Peking University - HSBC Business School

Assistant Professor of Finance

University Town

Shenzhen, Guangdong 518055

China

http://english.phbs.pku.edu.cn/content-627-63-1.html

SCHOLARLY PAPERS

14

DOWNLOADS

1,630

SSRN CITATIONS

3

CROSSREF CITATIONS

5

Ideas:
“  I'm currently working on the effects of stock liquidity on various issues such as debt-equity choices, capital structure dynamics, and the market value of innovation; the effects of policy uncertainty on peer effects in corporate investment policy; the implications of uncertainty and major investments on capital structure dynamics; the determinants of investment spike financing; peer effects in capital structure dynamics and corporate innovation. In addition to them, I have new projects on corporate social responsibility, corporate innovation, institutional ownership, corporate venture capital, cash holdings, and research policy. I am also interested in household finance and credit scoring models of financial institutions.  ”

Scholarly Papers (14)

1.

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

Asian Meeting of Econometric Society 2017; China Meeting of Econometric Society 2017; CAFM Annual Meeting 2017; FMA Asia-Pacific Meeting 2017; PKU-NUS Conference 2017
Number of pages: 41 Posted: 09 Jan 2016 Last Revised: 10 Jan 2020
Peking University - HSBC Business School, National University of Singapore (NUS), University of Queensland - Business School and Peking University - HSBC School of Business
Downloads 364 (83,938)
Citation 1

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

2.

Uncertainty, Investment Spikes, and Leverage Adjustments

China International Conference in Finance 2018; PKU-NUS Conference 2018; AsFA Annual Meeting 2017; FMA Annual Meeting 2016; FMA Asia-Pacific Meeting 2016; Word Finance Conference 2016
Number of pages: 61 Posted: 15 Feb 2016 Last Revised: 02 Jan 2020
Robert W. Faff and Hyun Joong Im
University of Queensland and Peking University - HSBC Business School
Downloads 212 (148,379)

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Capital Structure, Uncertainty, Investment Spikes, Adjustment Speeds

3.

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: 65 Posted: 20 Jul 2014 Last Revised: 06 Jan 2020
Hyun Joong Im, Colin Mayer and Oren Sussman
Peking University - HSBC Business School, University of Oxford - Said Business School and University of Oxford - Said Business School
Downloads 206 (152,463)

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Capital Structure, Corporate Finance, Lumpy Investment, Investment Spikes

4.

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
Peking University - HSBC Business School, Peking University - HSBC School of Business and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 185 (168,275)
Citation 1

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

5.

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
Peking University - HSBC Business School, Sungkyunkwan University - SKK Business School and Peking University - HSBC School of Business
Downloads 179 (173,396)

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

6.

Sticky Dividends: A New Explanation

Finance Research Letters, 23, 2017, pp. 69-79
Number of pages: 23 Posted: 24 Feb 2017 Last Revised: 05 Oct 2018
Chang Y. Ha, Hyun Joong Im and Ya Kang
Peking University - HSBC School of Business, Peking University - HSBC Business School and National University of Singapore (NUS)
Downloads 131 (225,007)

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Payout policy, Speed of adjustment, Dividend dynamics, Adaptive expectations

7.

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
Peking University - HSBC Business School and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 124 (234,627)
Citation 1

Abstract:

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Corporate Innovation, Technological Imitation, Value of Innovation

8.

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
Peking University - HSBC Business School
Downloads 94 (284,705)
Citation 2

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

9.

Stock Liquidity and the Under-investment Problem: A Quasi-natural Experiment in China

Western Economic Association International (WEAI), 2019; Asian Meeting of Econometric Society (AMES), 2019; PKUā€“NUS Annual Conference, 2019; SFM 2018; AFBC 2018; CAFM 2018
Number of pages: 68 Posted: 07 Mar 2019 Last Revised: 11 Dec 2019
University of Macau, University of Queensland, Peking University - HSBC Business School and Peking University - HSBC School of Business
Downloads 70 (339,551)

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

10.

Liquidity, Information Production, and Debt-Equity Choice

Number of pages: 98 Posted: 29 Jul 2019 Last Revised: 31 Oct 2019
University of Macau, Peking University - HSBC Business School, University of Oxford - Said Business School and The Chinese University of Hong Kong, Shenzhen
Downloads 48 (407,141)
Citation 1

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Stock liquidity, Debt issuance, Equity issuance, Capital structure

11.

How Does Uncertainty Influence Target Capital Structure?

Number of pages: 61 Posted: 12 Dec 2018 Last Revised: 11 Nov 2019
Hyun Joong Im, Ya Kang and Janghoon Shon
Peking University - HSBC Business School, National University of Singapore (NUS) and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 10 (600,818)

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Uncertainty, Target Leverage, Capital Structure, Asset Volatility

12.

Stock Liquidity and the Value of Innovation: Evidence from US Patent Data

Number of pages: 32
Peking University - HSBC Business School, Peking University - HSBC School of Business and University of Queensland - Business School
Downloads 4

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market value of innovation, stock liquidity, institutional monitoring

13.

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

Number of pages: 46
Peking University - HSBC Business School, Sungkyunkwan University - SKK Business School, Curtin University and University of Queensland
Downloads 3

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transient institutional ownership, cash holdings, debtholder-shareholder conflicts, stock price crash risk

14.

Does Share Liquidity Increase the Propensity to Raise Debt Finance?

FMA Annual Meeting 2013; AFBC Annual Meeting 2013; Oxford-Cambridge-Warwick Doctoral Conference 2011
Posted: 14 Jan 2013 Last Revised: 13 Feb 2019
Hyun Joong Im
Peking University - HSBC Business School

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Share Liquidity, Debt Finance, Information Spillover, Credit Ratings, Investment Spikes