Jun-Koo Kang

Nanyang Business School, Nanyang Technological University

Distinguished Professor of Finance

Nanyang Avenue, Block S3-01b-54

Singapore, 639798

Singapore

http://www.nbs.ntu.edu.sg/nbs_corporate/divisions/bnf/index.asp

  • Nanyang Business School, Nanyang Technological University

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SCHOLARLY PAPERS

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Scholarly Papers (70)

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1.

Corporate Social Responsibility and Stakeholder Value Maximization: Evidence from Mergers

Number of pages: 51 Posted: 28 May 2012 Last Revised: 09 Dec 2021
Xin Deng, Jun-Koo Kang and Buen Sin Low
Nanyang Technological University, Nanyang Business School, Nanyang Technological University and Nanyang Business School, Nanyang Technological University
Downloads 2,082 (14,965)
Citation 276

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Corporate Social Responsibility (CSR), Stakeholder Theory, Agency Problem, Nexus of Contract, Merger, Announcement Return

2.

Risk Management, Firm Reputation, and the Impact of Successful Cyberattacks on Target Firms

Downloads 1,984 (16,129)
Citation 155

Risk Management, Firm Reputation, and the Impact of Successful Cyberattacks on Target Firms

Fisher College of Business Working Paper No. 2018-03-004, Charles A. Dice Working Paper No. 2018-03-04, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 78 Posted: 07 Mar 2018 Last Revised: 12 Aug 2019
Shinichi Kamiya, Jun-Koo Kang, Jungmin Kim, Andreas Milidonis and René M. Stulz
Nanyang Business School, Nanyang Technological University, Nanyang Business School, Nanyang Technological University, Faculty of Business, The Hong Kong Polytechnic University, University of Cyprus - Department of Accounting and Finance and Ohio State University (OSU) - Department of Finance
Downloads 1,829 (18,087)
Citation 165

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Cyber risk, Cyberattack, Hacking, Risk management, Firm value, Leverage, Compensation policy

What is the Impact of Successful Cyberattacks on Target Firms?

NBER Working Paper No. w24409
Number of pages: 59 Posted: 20 Mar 2018 Last Revised: 13 Mar 2022
Shinichi Kamiya, Jun-Koo Kang, Jungmin Kim, Andreas Milidonis and René Stulz
Nanyang Business School, Nanyang Technological University, Nanyang Business School, Nanyang Technological University, Faculty of Business, The Hong Kong Polytechnic University, University of Cyprus - Department of Accounting and Finance and Ohio State University (OSU) - Fisher College of Business
Downloads 155 (365,258)

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3.

Innovation, Managerial Myopia, and Financial Reporting

INSEAD Working Paper No. 2013/35/AC
Number of pages: 56 Posted: 16 Dec 2012 Last Revised: 07 Apr 2015
Xin Chang, Gilles Hilary, Jun-Koo Kang and Wenrui Zhang
Nanyang Business School, Nanyang Technological University, Georgetown University - Department of Accounting and Business Law, Nanyang Business School, Nanyang Technological University and Colorado State University, Fort Collins - Department of Finance & Real Estate
Downloads 1,794 (18,947)
Citation 18

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Accounting conservatism, Innovation, Managerial myopia

4.

Corporate Governance and Firm Value: Evidence from the Korean Financial Crisis

Number of pages: 63 Posted: 02 Jun 2003
Jun-Koo Kang, Jae-Seung Baek and Kyung Suh Park
Nanyang Business School, Nanyang Technological University, Hankuk University of Foreign Studies - Department of International Finance and Korea University - Department of Finance
Downloads 1,497 (25,007)
Citation 72

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Corporate Governance, Controlling Shareholders, Chaebol, Main Bank, Cash Flow Rights, Control Rights, Corporate Restructuring, Foreign Ownership, Korean Financial Crisis

5.

Remote Board Meetings and Board Monitoring Effectiveness: Evidence from China

Review of Financial Studies, Forthcoming
Number of pages: 85 Posted: 19 Sep 2019 Last Revised: 18 May 2023
Xinni Cai, Fuxiu Jiang and Jun-Koo Kang
University of International Business and Economics - Business School, Renmin University of China - School of Business and Nanyang Business School, Nanyang Technological University
Downloads 1,044 (42,190)
Citation 4

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Remote meeting, Face-to-face meeting, Synchronous remote meeting, Independent director, Monitoring effectiveness, Dissent vote, Forced CEO turnover, M&A

6.

Tunneling or Value Addition? Evidence from Mergers by Korean Business Groups

Number of pages: 56 Posted: 14 Nov 2000
Kee-Hong Bae, Jun-Koo Kang and Jin-Mo Kim
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 1,001 (44,797)
Citation 13

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7.

Does Board Demographic Diversity Enhance Cognitive Diversity and Monitoring?

The Accounting Review, forthcoming
Number of pages: 50 Posted: 20 Aug 2019 Last Revised: 18 May 2023
Jun-Koo Kang, Seil Kim and Seungjoon Oh
Nanyang Business School, Nanyang Technological University, Baruch College, City University of New York and Peking University - HSBC Business School
Downloads 947 (48,509)
Citation 14

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Board Diversity, Cognitive Diversity, Director Voting, Dissent, Proposal Rejection, Firm Value, Monitoring Effectiveness

8.

Seasoned Equity Offerings and Customer-Supplier Relationships

Journal of Financial Intermediation (2018), 33:1, 98-114, 5th Annual Conference on Empirical Legal Studies Paper (2010)
Number of pages: 46 Posted: 15 Mar 2010 Last Revised: 11 Jun 2020
William C. Johnson, Jun-Koo Kang, Ronald W. Masulis, Sangho Yi and Sangho Yi
University of Massachusetts Lowell - The Robert J. Manning School of Business, Nanyang Business School, Nanyang Technological University, University of New South Wales, Sydney and Sogang Universityaffiliation not provided to SSRN
Downloads 861 (55,172)
Citation 4

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Information revelation, product market relationship, seasoned equity offerings

9.

Corporate Governance and the Profitability of Insider Trading

Journal of Corporate Finance 40: 235–253, 2016
Number of pages: 53 Posted: 11 Jul 2012 Last Revised: 13 Jun 2017
Lili Dai, Renhui Fu, Jun-Koo Kang and Inmoo Lee
University of New South Wales (UNSW), Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management, Nanyang Business School, Nanyang Technological University and KAIST College of Business
Downloads 853 (55,872)
Citation 6

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Corporate Governance; Insider Purchases; Insider Sales; Profitability of Insider Trading; Legal Risk

10.

Do Controlling Shareholders’ Expropriation Incentives Imply a Link between Corporate Governance and Firm Value? Theory and Evidence

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 59 Posted: 16 Nov 2011
Kee-Hong Bae, Jae-Seung Baek, Jun-Koo Kang and Wei-Lin Liu
York University - Schulich School of Business, Hankuk University of Foreign Studies - Department of International Finance, Nanyang Business School, Nanyang Technological University and School of Finance, Shanghai University of Finance and Economics (SUFE)
Downloads 817 (59,266)
Citation 8

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Expropriation, Corporate governance, Firm value, Korean financial crisis, Chaebol, Ownership structure, Controlling shareholder, Cash flow rights, Control rights

11.

Are Institutional Investors with Multiple Blockholdings Effective Monitors?

Journal of Financial Economics (JFE), Forthcoming, AFA 2013 San Diego Meetings Paper, Asian Finance Association (AsianFA) 2017 Conference
Number of pages: 63 Posted: 20 Mar 2012 Last Revised: 02 Apr 2018
Jun-Koo Kang, Juan Luo and Hyun Seung Na
Nanyang Business School, Nanyang Technological University, University of Adelaide - Business School and Korea University Business School (KUBS)
Downloads 810 (59,947)
Citation 4

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Corporate governance, Institutional investors, Multiple blockholdings, Monitoring, Experience

12.

Friendly Boards and Innovation

Journal of Empirical Finance, Forthcoming
Number of pages: 57 Posted: 20 Nov 2012 Last Revised: 20 Jul 2018
Jun-Koo Kang, Wei-Lin Liu, Angie Low and Le Zhang
Nanyang Business School, Nanyang Technological University, School of Finance, Shanghai University of Finance and Economics (SUFE), Nanyang Business School, Nanyang Technological University and Australian National University (ANU) - College of Business and Economics
Downloads 782 (62,846)
Citation 6

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Board of directors, Corporate innovation, Board advising, Social ties, Corporate governance, Firm value

13.

Employee Treatment and Firm Leverage: A Test of the Stakeholder Theory of Capital Structure

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 62 Posted: 18 May 2010
Kee-Hong Bae, Jun-Koo Kang and Jin Wang
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University and Wilfrid Laurier University - Lazaridis School of Business & Economics
Downloads 751 (66,256)
Citation 27

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Capital structure, stakeholder, employee treatment

14.

Do Family Firms Invest More Than Nonfamily Firms in Employee-Friendly Policies?

Management Science, Vol. 66, No. 3, 2020
Number of pages: 61 Posted: 18 Dec 2014 Last Revised: 14 Oct 2020
Jun-Koo Kang and Jungmin Kim
Nanyang Business School, Nanyang Technological University and Faculty of Business, The Hong Kong Polytechnic University
Downloads 715 (70,625)
Citation 2

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Family Firm, Founder, Employee-friendly Policy, Concern Score, Life Cycle, Labor-intensive Industry, Managerial Myopia, Agency Problem, Endogeneity

15.

Earnings Management in Takeovers of Privately Held Targets

Number of pages: 40 Posted: 13 Sep 2007
Bok Baik, Jun-Koo Kang and Richard M. Morton
Seoul National University, Nanyang Business School, Nanyang Technological University and Florida State University - Department of Accounting
Downloads 684 (74,768)
Citation 8

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Earnings Management, Mergers, Information Asymmetry, Privately-held firms

16.

Is Universal Banking Justified? Evidence from Bank Underwriting of Corporate Bonds in Japan

Number of pages: 48 Posted: 30 Dec 2004
Jun-Koo Kang and Wei-Lin Liu
Nanyang Business School, Nanyang Technological University and School of Finance, Shanghai University of Finance and Economics (SUFE)
Downloads 681 (75,155)
Citation 5

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Universal banking, Certification, Conflicts of interest, Underwriting, Japanese main bank

17.

Perceived Firm Trustworthiness and Market Underreaction to Earnings News

Number of pages: 58 Posted: 02 Jan 2015 Last Revised: 29 May 2017
Jay Jung, Jun-Koo Kang, Sonya S. Lim and Choong-Yuel Yoo
City, University of London - Bayes Business School, Nanyang Business School, Nanyang Technological University, DePaul University - Department of Finance and KAIST College of Business
Downloads 566 (94,883)
Citation 2

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Trust, Trustworthiness, Restatement, Corporate Social Responsibility, Post-Earnings Announcement Drift

18.

Employee Inside Debt and Acquirer Returns

Number of pages: 49 Posted: 07 Jan 2011 Last Revised: 06 Aug 2021
Xin Chang, Jun-Koo Kang, Le Zhang and Wenrui Zhang
Nanyang Business School, Nanyang Technological University, Nanyang Business School, Nanyang Technological University, Australian National University (ANU) - College of Business and Economics and Colorado State University, Fort Collins - Department of Finance & Real Estate
Downloads 555 (97,291)
Citation 4

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Pension Deficit, Inside Debt, Merger and Acquisition, Announcement Return, Monitoring by Employees

19.

Board Structure, Director Expertise, and Advisory Role of Outside Directors

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 68 Posted: 24 Feb 2018 Last Revised: 21 Nov 2019
Sheng‐Syan Chen, Yan-Shing Chen, Jun-Koo Kang and Shu-Cing Peng
National Chengchi University, National Taiwan University, Nanyang Business School, Nanyang Technological University and National Central University - Department of Finance
Downloads 549 (98,649)
Citation 11

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Permanent normal trade relations, China-related experience, Board structure, Advisory role, Investment decision, Announcement return, Operating performance, Director labor market

20.

Activist-appointed Directors

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 02 May 2019 Last Revised: 08 Oct 2020
Jun-Koo Kang, Hyemin Kim, Jungmin Kim and Angie Low
Nanyang Business School, Nanyang Technological University, Hanyang University, Faculty of Business, The Hong Kong Polytechnic University and Nanyang Business School, Nanyang Technological University
Downloads 539 (100,951)
Citation 4

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Activist independent directors, Activist shareholder, Monitoring, Firm value, Announcement return, Director voting, Director labor market

21.

Business Groups and Tunneling: Evidence from Private Securities Offerings by Korean Chaebols

Number of pages: 52 Posted: 14 Apr 2005
Jae-Seung Baek, Jun-Koo Kang and Inmoo Lee
Hankuk University of Foreign Studies - Department of International Finance, Nanyang Business School, Nanyang Technological University and KAIST College of Business
Downloads 521 (105,190)
Citation 65

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Tunneling, Private Securities Offerings, Chaebol, Announcement Returns, Controlling Shareholders

22.

Rookie Directors

Number of pages: 58 Posted: 29 Jun 2016 Last Revised: 31 Aug 2016
Jun-Koo Kang, Jungmin Kim and Angie Low
Nanyang Business School, Nanyang Technological University, Faculty of Business, The Hong Kong Polytechnic University and Nanyang Business School, Nanyang Technological University
Downloads 488 (113,831)

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Unseasoned independent directors, Directorial labor market, Career concerns, Monitoring and advisory role, Firm value, CEO turnover, CEO compensation, Innovation

23.

The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan

Downloads 486 (114,405)

The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan

THE CHARLES A. DICE CENTER FOR RESEARCH IN FINANCIAL ECONOMICS WORKING PAPERS SERIES, 96-18 (revised, 12/97)
Number of pages: 40 Posted: 10 Feb 1998
Jun-Koo Kang, Yong-Cheol Kim and René M. Stulz
Nanyang Business School, Nanyang Technological University, University of Wisconsin-Milwaukee and Ohio State University (OSU) - Department of Finance
Downloads 428 (131,542)

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The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan

NBER Working Paper No. w5819
Number of pages: 28 Posted: 11 Jun 2000 Last Revised: 29 Nov 2022
Jun-Koo Kang, Yong-Cheol Kim and René M. Stulz
Nanyang Business School, Nanyang Technological University, University of Wisconsin-Milwaukee and Ohio State University (OSU) - Department of Finance
Downloads 58 (706,161)

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The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan

Posted: 10 May 1999
Jun-Koo Kang, Yong-Cheol Kim and René M. Stulz
Nanyang Business School, Nanyang Technological University, University of Wisconsin-Milwaukee and Ohio State University (OSU) - Department of Finance

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24.

Does Increased Competition Affect Credit Ratings? A Reexamination of the Effect of Fitch's Market Share on Credit Ratings in the Corporate Bond Market

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 50 Posted: 05 Sep 2013 Last Revised: 14 Oct 2013
Kee-Hong Bae, Jun-Koo Kang and Jin Wang
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University and Wilfrid Laurier University - Lazaridis School of Business & Economics
Downloads 482 (115,537)
Citation 14

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Credit rating, competition, rating quality

25.

Is Bank-Centered Corporate Governance Worth it? A Cross-Sectional Analysis of the Performance of Japanese Firms During the Asset Price Deflation

Downloads 467 (120,061)
Citation 4

Is Bank-Centered Corporate Governance Worth it? A Cross-Sectional Analysis of the Performance of Japanese Firms During the Asset Price Deflation

Number of pages: 26 Posted: 13 Nov 1997
Jun-Koo Kang and René M. Stulz
Nanyang Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance
Downloads 396 (144,067)
Citation 3

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Is Bank-Centered Corporate Governance Worth it? A Cross-Sectional Analysis of the Performance of Japanese Firms During the Asset Price Deflation

NBER Working Paper No. w6238
Number of pages: 28 Posted: 26 Jul 2000 Last Revised: 20 Jul 2022
Jun-Koo Kang and René M. Stulz
Nanyang Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance
Downloads 71 (635,648)

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26.

Venture Capital Coordination in Syndicates, Corporate Monitoring, and Firm Performance

Number of pages: 94 Posted: 09 Aug 2018 Last Revised: 18 Oct 2021
Jun-Koo Kang, Yingxiang Li and Seungjoon Oh
Nanyang Business School, Nanyang Technological University, City University of Hong Kong (CityU) and Peking University - HSBC Business School
Downloads 466 (120,357)
Citation 2

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Venture capital, Geographic concentration, Coordination, Monitoring, Exit, Staged financing

27.

Managerial Ownership and Information Opacity

Number of pages: 53 Posted: 14 Sep 2007
Bok Baik, Jun-Koo Kang and Richard M. Morton
Seoul National University, Nanyang Business School, Nanyang Technological University and Florida State University - Department of Accounting
Downloads 381 (151,768)
Citation 1

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Ownership structure, forecast accuracy, analyst following, managerial entrenchment

28.

Private Placements of Equity and Firm Value: Value Enhancing or Value Destroying?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 57 Posted: 01 Sep 2012 Last Revised: 17 Jun 2020
Jun-Koo Kang and James Park
Nanyang Business School, Nanyang Technological University and Korea University Business School (KUBS)
Downloads 374 (155,050)
Citation 4

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Private Placement of Equity, Shareholder Approval, Active Buyer, Premium Pricing, Managerial Entrenchment, Monitoring, Certification.

29.

Do Outside Directors with Government Experience Create Value?

Financial Management, Forthcoming
Number of pages: 57 Posted: 23 Jul 2012 Last Revised: 20 Jul 2018
Jun-Koo Kang and Le Zhang
Nanyang Business School, Nanyang Technological University and Australian National University (ANU) - College of Business and Economics
Downloads 372 (155,946)
Citation 11

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Government director; Firm value; Endogeneity; Political connection.

30.

The Geography of Block Acquisitions

Downloads 357 (163,148)
Citation 14

The Geography of Block Acquisitions

Number of pages: 51 Posted: 06 Apr 2007
Jun-Koo Kang and Jin-Mo Kim
Nanyang Business School, Nanyang Technological University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 357 (161,846)
Citation 14

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Geography, Corporate Governance, Block Acquisitions

The Geography of Block Acquisitions

Journal of Finance, Forthcoming
Posted: 28 Oct 2008
Jun-Koo Kang and Jin-Mo Kim
Nanyang Business School, Nanyang Technological University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

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Geography, Corporate Governance, Block Acquisitions

31.

Investment and Firm Value Under High Economic Uncertainty: The Beneficial Effect of Overconfident CEOs

Number of pages: 60 Posted: 14 Mar 2018
Jingoo Kang, Jun-Koo Kang, Minwook Kang and Jungmin Kim
Nanyang Technological University (NTU) - Division of Strategy, Management & Organization, Nanyang Business School, Nanyang Technological University, Nanyang Technological University (NTU) - Division of Economics and Faculty of Business, The Hong Kong Polytechnic University
Downloads 346 (168,742)
Citation 1

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Overconfidence, Risk-Aversion, Firm Value, Underinvestment, M&A, Economic Uncertainty

32.

Curbing Managerial Myopia: The Role of Managerial Overconfidence in Owner-Managed Firms and Professionally Managed Firms

Number of pages: 61 Posted: 04 Apr 2017 Last Revised: 19 Jan 2018
Jingoo Kang, Jun-Koo Kang, Minwook Kang and Jungmin Kim
Nanyang Technological University (NTU) - Division of Strategy, Management & Organization, Nanyang Business School, Nanyang Technological University, Nanyang Technological University (NTU) - Division of Economics and Faculty of Business, The Hong Kong Polytechnic University
Downloads 345 (169,262)
Citation 1

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Overconfidence, Myopia, Present Bias, Hyperbolic Discounting, Firm Value, Investment, Owner-Manager, Professional Manager

33.

Do Banking Shocks Affect Borrowing Firm Performance? An Analysis of the Japanese Experience

Dice Center for Research in Financial Economics Working Paper No. 98-8
Number of pages: 33 Posted: 25 Oct 1998
Jun-Koo Kang and René M. Stulz
Nanyang Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance
Downloads 342 (170,865)
Citation 43

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34.

Intra-Group Propping: Evidence from the Stock-Price Effects of Earnings Announcements by Korean Business Groups

Number of pages: 66 Posted: 12 Mar 2008
Gil S. Bae, Youngsoon Susan Cheon and Jun-Koo Kang
Korea University - Department of Accounting, Chung-Ang University - College of Business Administration and Nanyang Business School, Nanyang Technological University
Downloads 332 (176,436)
Citation 7

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Tunneling, Propping, Controlling shareholders, Earnings announcements, Chaebol, Announcement effects

35.

Post-Takeover Restructuring and the Sources of Gains in Foreign Takeovers: Evidence from U.S. Targets

Number of pages: 50 Posted: 09 Feb 2005
Jun-Koo Kang, Jin-Mo Kim, Wei-Lin Liu and Sangho Yi
Nanyang Business School, Nanyang Technological University, Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick, School of Finance, Shanghai University of Finance and Economics (SUFE) and affiliation not provided to SSRN
Downloads 316 (185,806)
Citation 1

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Foreign takeover, Source of gains, Restructuring, Layoffs, Selloffs, Tax Reform Act of 1986, Target returns, Synergy

36.

Supplier-Customer Relationships and Corporate Hedging Policy

Number of pages: 53 Posted: 27 Feb 2018
Jun-Koo Kang, Limin Xu and Lei Zhang
Nanyang Business School, Nanyang Technological University, University of Adelaide - Business School and City University of Hong Kong (CityU)
Downloads 297 (198,438)
Citation 1

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Supplier, Customer, Product market relationship, Hedging, Financial distress risk, Risk management

37.

The Value of Durable Bank Relationships: Evidence from Korean Banking Shocks

Number of pages: 46 Posted: 10 Jan 2001
Kee-Hong Bae, Jun-Koo Kang and Chan-Woo Lim
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University and Korea University Business School (KUBS)
Downloads 295 (199,891)
Citation 10

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Exogenous events, Bank, Durable bank relationship, Financial health of banks, Main bank, Bank-centered financial systems, Firm value, Bank distress, Nonperforming loan ratio, Banking shocks, Firm characteristics

38.

How Do Changes in Firms’ Social Performance Affect Stakeholders? Evidence from Employee Layoffs

Number of pages: 61 Posted: 23 Jan 2019
Jun-Koo Kang and Srinivasan Selvam
Nanyang Business School, Nanyang Technological University and EDHEC Business School - EDHEC Infrastructure Institute
Downloads 294 (200,639)

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Corporate Social Responsibility, Employee Layoff, Supplier, Bank Loan, Firm Value, Stakeholder Wealth, Contract Term

39.

Does Hedge Fund Managers’ Industry Experience Matter for Hedge Fund Activism?

Brick, I., Chen, Y., Kang, J., Kim, J., 2024. Does Hedge Fund Managers’ Industry Experience Matter for Hedge Fund Activism?. Financial Management, Forthcoming.
Number of pages: 67 Posted: 25 Jun 2019 Last Revised: 16 Jan 2024
Ivan E. Brick, Yuzi Chen, Jun-Koo Kang and Jin-Mo Kim
affiliation not provided to SSRN, Central University of Finance and Economics (CUFE) - School of Finance, Nanyang Business School, Nanyang Technological University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 270 (218,959)
Citation 1

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Hedge fund activism, Hedge fund manager, Industry experience, Acquisition, Target, Announcement return, Operating performance

40.

Do Firms Adjust Capital Structures to Manage Risk?

KAIST College of Business Working Paper Series No. 2013-031
Number of pages: 64 Posted: 29 Nov 2013
Martin Dierker, Jun-Koo Kang, Inmoo Lee and Sung Won Seo
Korea Advanced Institute of Science and Technology (KAIST), Nanyang Business School, Nanyang Technological University, KAIST College of Business and Korea Advanced Institute of Science and Technology (KAIST)
Downloads 269 (219,742)
Citation 1

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41.

Do Foreign Investors Exhibit a Corporate Governance Disadvantage? An Information Asymmetry Perspective

Number of pages: 44 Posted: 24 Sep 2009
Jun-Koo Kang and Jin-Mo Kim
Nanyang Business School, Nanyang Technological University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 240 (246,013)
Citation 20

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Cross-Border Investments; Information; Governance

42.

Sources of Value Gains in Minority Equity Investments by Private Equity Funds: Evidence from Block Share Acquisitions

Columbia Business School Research Paper No. 12/53
Number of pages: 60 Posted: 19 Sep 2012 Last Revised: 23 Mar 2017
Guojun Chen, Jun-Koo Kang, Jin-Mo Kim and Hyun Seung Na
National University of Singapore, Nanyang Business School, Nanyang Technological University, Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick and Korea University Business School (KUBS)
Downloads 232 (254,131)
Citation 3

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Private equity; Minority equity investment; Governance engineering; Operational engineering; Board of director; Monitoring and advisory roles

43.

Loan Officers' Generalized Trust and International Syndicated Loans

Nanyang Business School Research Paper No. 22-06
Number of pages: 72 Posted: 12 Mar 2022 Last Revised: 17 Jun 2024
Byung Hun Chung, Jun-Koo Kang, Jaewoo Kim and Xi Xiong
Nanyang Business School, Nanyang Technological University, Nanyang Business School, Nanyang Technological University, University of Oregon - Department of Accounting and University of Sussex
Downloads 210 (279,106)

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International syndicated loan, generalized trust, cultural bias, loan spread, covenant, loan accessibility, instrumental variable approach JEL Classification: F34, G02, G15

44.

Local Institutional Investors, Information Asymmetries, and Equity Returns

Number of pages: 57 Posted: 10 Sep 2007 Last Revised: 05 Feb 2014
Bok Baik, Jun-Koo Kang and Jin-Mo Kim
Seoul National University, Nanyang Business School, Nanyang Technological University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 205 (285,427)
Citation 89

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local institutional investors, equity returns, information asymmetry

45.

The Liability of Foreignness in International Equity Investments: Evidence from the U.S. Stock Market

Number of pages: 44 Posted: 02 Mar 2013
Bok Baik, Jun-Koo Kang, Jin-Mo Kim and Joonho Lee
Seoul National University, Nanyang Business School, Nanyang Technological University, Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick and California State Polytechnic University, Pomona - Accounting Department
Downloads 198 (295,908)
Citation 18

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foreign institutional ownership, domestic institutional ownership, liability of foreignness, return predictability, information asymmetry

46.

The Certification Role of Large Customers in the New Issues Market

Number of pages: 63 Posted: 07 Dec 2008
William C. Johnson, Jun-Koo Kang and Sangho Yi
University of Massachusetts Lowell - The Robert J. Manning School of Business, Nanyang Business School, Nanyang Technological University and affiliation not provided to SSRN
Downloads 195 (298,679)
Citation 13

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IPOs, product market relationships, certification

47.

Monitoring Role of Customer Firms in Suppliers and Its Effect on Supplier Value: Evidence from Block Acquisitions of Suppliers by Customer Firms

Journal of Financial Intermediation, Forthcoming
Number of pages: 50 Posted: 21 Dec 2012 Last Revised: 20 Jul 2018
Jun-Koo Kang, Wei-Lin Liu, Sangho Yi, Sangho Yi and Le Zhang
Nanyang Business School, Nanyang Technological University, School of Finance, Shanghai University of Finance and Economics (SUFE), Sogang Universityaffiliation not provided to SSRN and Australian National University (ANU) - College of Business and Economics
Downloads 183 (316,163)

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Corporate control, Block acquisition, Product market relationship

48.

Profiting from Rival Firms’ Cyberattacks: Evidence from Informed Trading by Insiders with Social Ties

Nanyang Business School Research Paper No. 23-04
Number of pages: 75 Posted: 08 Feb 2023 Last Revised: 05 Oct 2023
Jun-Koo Kang, Jungmin Kim and Fangbo Si
Nanyang Business School, Nanyang Technological University, Faculty of Business, The Hong Kong Polytechnic University and Jinan University - Management School
Downloads 175 (329,204)

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Insider Trading, Peer Firm, Peer Insider, Cyberattack, Cyber Risk, Social Network, Nonworkplace Tie, Nonboard Tie, Private Information

49.

Does Firms’ Equity Financing Benefit Debtholders? Evidence from Private Placements of Equity

Nanyang Business School Research Paper No. 21-15
Number of pages: 67 Posted: 18 May 2021 Last Revised: 31 May 2022
Jun-Koo Kang, Jee Youn Koh and James Park
Nanyang Business School, Nanyang Technological University, Nanyang Business School, Nanyang Technological University and Korea University Business School (KUBS)
Downloads 174 (330,887)

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Private placements of equity, Debtholder wealth, Loan spread, Collateral, Covenant, Managerial entrenchment, PPE issuance feature

50.

How University Endowments Respond to Financial Market Shocks: Evidence and Implications

NBER Working Paper No. w15861
Number of pages: 44 Posted: 05 Apr 2010
Jeffrey R. Brown, Stephen G. Dimmock, Jun-Koo Kang and Scott J. Weisbenner
University of Illinois at Urbana-Champaign - Department of Finance, National University of Singapore, Nanyang Business School, Nanyang Technological University and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 168 (341,187)
Citation 19

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51.

Bank Monitoring Incentives and Borrower Earnings Management: Evidence from the Japanese Banking Crisis of 1993-2002

Number of pages: 55 Posted: 12 Mar 2009
Gil S. Bae, Yasushi Hamao, Yasushi Hamao and Jun-Koo Kang
Korea University - Department of Accounting, University of Southern California - Marshall School of Business - Finance and Business Economics DepartmentCenter on Japanese Economy and Business and Nanyang Business School, Nanyang Technological University
Downloads 164 (348,269)
Citation 3

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Main banks, Short-term creditors, Monitoring, Lending relationship, Public equity offerings, Earnings management, Discretionary current accruals.

52.

Long-Term Value Creation in Cross-Border Mergers and Acquisitions: The Role of Trust

Nanyang Business School Research Paper No. 23-08
Number of pages: 57 Posted: 05 Apr 2023
Yunju Cha, Byung Hun Chung and Jun-Koo Kang
National Chengchi University (NCCU), Nanyang Business School, Nanyang Technological University and Nanyang Business School, Nanyang Technological University
Downloads 152 (371,047)

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Cross-border M&A, Generalized trust, Announcement return, Long-term value, Synergistic gain, Post-M&A integration

53.

Why is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan

Downloads 150 (375,099)
Citation 383

Why is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan

NBER Working Paper No. w5166
Number of pages: 43 Posted: 10 Jun 2000 Last Revised: 13 Feb 2022
Jun-Koo Kang and René M. Stulz
Nanyang Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance
Downloads 150 (375,386)
Citation 32

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Why is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan

The Charles A. Dice Center for Research in Financial Economics WPS# 96-15
Posted: 15 Jan 1997
Jun-Koo Kang and René M. Stulz
Nanyang Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance

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54.

Ferreting Out Growth Through Cross-Border Mergers and Acquisitions

Nanyang Business School Research Paper No. 23-10
Number of pages: 57 Posted: 17 Apr 2023 Last Revised: 18 May 2023
Kee-Hong Bae, Jun-Koo Kang, Xiaoqiao Wang and Nan Xiong
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University, The Chinese University of Hong Kong, Shenzhen and Durham University
Downloads 129 (422,433)

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Cross-border mergers and acquisitions, Relative industry growth, Synergy, Valuation effect, Long-term post-M&A performance

55.

Shareholder Financial Difficulties and Firms’ Risk-Shifting Behavior: Evidence from the 2003 Mutual Fund Scandal

Nanyang Business School Research Paper No. 21-18
Number of pages: 47 Posted: 10 Jun 2021
Jun-Koo Kang and Fangbo Si
Nanyang Business School, Nanyang Technological University and Jinan University - Management School
Downloads 102 (502,622)

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Risk shifting, Shareholder-debtholder conflict, 2003 mutual fund scandal, Cost of debt, Covenant, Tainted institution, Information asymmetry

56.

Dancing with Family Owners: Is Shareholder Activism Effective in Family Firms?

Nanyang Business School Research Paper No. 24-14
Number of pages: 53 Posted: 20 Aug 2024
Jun-Koo Kang, Hyemin Kim and Jungmin Kim
Nanyang Business School, Nanyang Technological University, Hanyang University and Faculty of Business, The Hong Kong Polytechnic University
Downloads 81 (581,225)

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Shareholder activism, Family firm, Announcement return, Textual analysis, Hostile resistance, Board, Proxy fight, Spillover effect

57.

Bridging the Gap: The Impact of Board-Management Commonality on Firm Value and Board Decision-Making Effectiveness

Nanyang Business School Research Paper No. 24-13
Number of pages: 60 Posted: 12 Aug 2024
Jun-Koo Kang, Jungmin Kim, Shu-Cing Peng and Hayong Yun
Nanyang Business School, Nanyang Technological University, Faculty of Business, The Hong Kong Polytechnic University, National Central University - Department of Finance and Michigan State University - Department of Finance
Downloads 60 (681,359)

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Board, management, commonality, support vector machine (SVM), board diversity, leadership team diversity, decision-making, ChatGPT

58.

How Different is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues

Downloads 59 (686,827)
Citation 8

How Different is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues

NBER Working Paper No. w4908
Number of pages: 41 Posted: 13 Aug 2000 Last Revised: 01 Dec 2022
Jun-Koo Kang and René M. Stulz
Nanyang Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance
Downloads 59 (700,380)
Citation 8

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How Different is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues

Posted: 03 Oct 1994
Jun-Koo Kang and René M. Stulz
Nanyang Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance

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How Different is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues

REVIEW OF FINANCIAL STUDIES, Vol. 9 No. 1
Posted: 13 Oct 1995
Jun-Koo Kang and René M. Stulz
Nanyang Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance

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59.

Are Trades by Large Individual Shareholders More Informative Than Those by Large Institutional Shareholders and Managers?

Nanyang Business School Research Paper No. 24-12
Number of pages: 66 Posted: 25 Jul 2024
Yun Ju Cha and Jun-Koo Kang
National Chengchi University (NCCU) - College of Commerce and Nanyang Business School, Nanyang Technological University
Downloads 40 (807,952)

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Large individual shareholder, Insider trading, Trading profitability, Information asymmetry, Governance, Past firm affiliation, Personal trait, Opportunistic trading

60.

Loan Officers’ Generalized Trust and International Syndicated Loans

Number of pages: 56 Posted: 07 Sep 2024
Jaewoo Kim, Byung Hun Chung, Jun-Koo Kang and Xi Xiong
University of Oregon - Department of Accounting, Nanyang Business School, Nanyang Technological University, Nanyang Business School, Nanyang Technological University and University of Sussex
Downloads 10 (1,096,268)

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International syndicated loan, generalized trust, cultural bias, loan spread, covenant, loan accessibility, instrumental variable approach

61.

Executive Stock Ownership Guidelines and Debtholder Wealth

The Accounting Review Forthcoming
Posted: 22 Sep 2015 Last Revised: 05 Mar 2019
Jun-Koo Kang and Limin Xu
Nanyang Business School, Nanyang Technological University and University of Adelaide - Business School

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Stock ownership guideline, Debtholder wealth, Bank loan, Loan spread, Covenant, Endogeneity, Difference-in-differences test

62.

Intragroup Propping: Evidence from the Stock-Price Effects of Earnings Announcements by Korean Business Groups

The Review of Financial Studies, Vol. 21, Issue 5, pp. 2015-2060, 2008
Posted: 19 Sep 2008
Gil S. Bae, Youngsoon Susan Cheon and Jun-Koo Kang
Korea University - Department of Accounting, Chung-Ang University - College of Business Administration and Nanyang Business School, Nanyang Technological University

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G14, G32, G34

63.

Tunneling or Value Added? Evidence from Mergers by Korean Business Groups

Posted: 02 Aug 2003
Kee-Hong Bae, Jun-Koo Kang and Jin-Mo Kim
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

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64.

An Analysis of the Wealth Effects of Japanese Offshore Dollar-Denominated Convertible and Warrant Bond Issues

Posted: 13 Oct 2000
Jun-Koo Kang, Yong-Cheol Kim, Kyung-Joo Park and René M. Stulz
Nanyang Business School, Nanyang Technological University, University of Wisconsin-Milwaukee, affiliation not provided to SSRN and Ohio State University (OSU) - Department of Finance

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65.

Investment Restrictions and the Pricing of Korean Convertible Eurobonds

Posted: 20 Dec 1998
Warren Bailey, Y. Peter Chung and Jun-Koo Kang
Cornell University, University of California at Riverside and Nanyang Business School, Nanyang Technological University

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66.

Firm Performance, Corporate Governance, and Top Executive Turnover in Japan

Posted: 20 Dec 1998
Jun-Koo Kang and Anil Shivdasani
Nanyang Business School, Nanyang Technological University and University of North Carolina Kenan-Flagler Business School

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67.

The Japanese Market for Corporate Control and Managerial Incentives

Posted: 13 Jul 1998
Jun-Koo Kang and Takeshi Yamada
Nanyang Business School, Nanyang Technological University and Australian National University (ANU)

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68.

Foreign Ownership Restrictions and Equity Price Premiums: Some Evidence on Demand, Sentiment, and Information

UC Riverside Working Paper No. 98-02
Posted: 26 Jun 1998
Warren Bailey, Y. Peter Chung and Jun-Koo Kang
Cornell University, University of California at Riverside and Nanyang Business School, Nanyang Technological University

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69.

Corporate Restructuring During Performance Declines in Japan

Posted: 07 Apr 1997
Jun-Koo Kang and Anil Shivdasani
Nanyang Business School, Nanyang Technological University and University of North Carolina Kenan-Flagler Business School

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70.

Does the Japanese Governance System Enhance Shareholder Wealth? Evidence from the Stock-Price Effects of Top Management Turnover

REVIEW OF FINANCIAL STUDIES, Vol. 9 No. 4
Posted: 24 Nov 1995
Jun-Koo Kang and Anil Shivdasani
Nanyang Business School, Nanyang Technological University and University of North Carolina Kenan-Flagler Business School

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