Kwangwoo Park

College of Business, Korea Advanced Institute of Science and Technology (KAIST)

Professor

85 Hoegiro

Seoul 02455

Korea, Republic of (South Korea)

SCHOLARLY PAPERS

27

DOWNLOADS
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Top 9,992

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8,908

SSRN CITATIONS
Rank 7,263

SSRN RANKINGS

Top 7,263

in Total Papers Citations

224

CROSSREF CITATIONS

20

Ideas:
“  I am currently working on the role of social media in corporate finance decision such as CEO turnovers and merger activities. Also, I am investigating the opaqueness in lending decision and information disclosure in the banking industry. Finally, I am continuing conducting research projects on sustainable finance in an effort to cope with the climate change.  ”

Scholarly Papers (27)

1.

Post-Merger Corporate Performance in Japan

Number of pages: 33 Posted: 16 Mar 2002
Xavier University - Department of Finance, University of Illinois at Urbana-Champaign - Department of Finance, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Waseda University, Graduate School of Business and Finance
Downloads 1,473 (24,820)
Citation 1

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Diversification; Post-Merger Performance; Japanese Keiretsu

Corporate Environmental Responsibility and the Cost of Capital: International Evidence

Journal of Business Ethics
Number of pages: 53 Posted: 25 Jul 2014 Last Revised: 07 Mar 2023
University of Alberta - Campus Saint-Jean, University of South Carolina - Moore School of Business, KAIST College of Business and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 794 (58,868)
Citation 14

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Corporate environmental responsibility; Firm risk; Cost of equity capital

Corporate Environmental Responsibility and the Cost of Capital: International Evidence

Journal of Business Ethics, forthcoming
Number of pages: 54 Posted: 17 Jul 2014 Last Revised: 29 Oct 2020
University of Alberta - Campus Saint-Jean, University of South Carolina - Moore School of Business, KAIST College of Business and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 260 (219,138)
Citation 6

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Corporate environmental responsibility, Cost of equity capital, Firm risk

3.

The Value of Corporate Diversification: Evidence from Post-Merger Performance in Japan

Number of pages: 33 Posted: 28 Oct 2002
Xavier University - Department of Finance, University of Illinois at Urbana-Champaign - Department of Finance, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Waseda University, Graduate School of Business and Finance
Downloads 1,015 (42,610)
Citation 7

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4.

How Different is the Long-Run Performance of Mergers in the Telecommunications Industry?

Number of pages: 21 Posted: 08 Mar 2001
Stephen P. Ferris and Kwangwoo Park
University of Missouri at Columbia - Department of Finance and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 887 (51,374)
Citation 3

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5.

Corporate Environmental Responsibility and Financial Performance Around the World

KAIST College of Business Working Paper Series No. 2013-017
Number of pages: 59 Posted: 26 Sep 2013
Hoje Jo, Hakkon Kim, Bong‐Soo Lee and Kwangwoo Park
Santa Clara University, KAIST College of Business, Florida State University and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 514 (103,783)

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Corporate Environment Responsibility, Environmental Costs, Financial Performance, Corporate Social Responsibility, Slack Resources Hypothesis

6.

Corporate Taxes and Securitization

Journal of Finance, Forthcoming, KAIST College of Business Working Paper Series No. 2010-005, KDI School of Pub Policy & Management Paper No. 10-12
Number of pages: 48 Posted: 09 Aug 2010 Last Revised: 18 Mar 2021
JoongHo Han, Kwangwoo Park and George Pennacchi
SKKU Business School, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and University of Illinois
Downloads 488 (110,497)
Citation 32

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Loan Sales, Securitization, Corporate Taxes

7.

Corporate Environmental Responsibility and Firm Performance in the Financial Services Sector

Journal of Business Ethics, Vol. 131, 2015, KAIST College of Business Working Paper Series No. 2014-007
Number of pages: 65 Posted: 25 Jul 2014 Last Revised: 02 Mar 2018
Hoje Jo, Hakkon Kim and Kwangwoo Park
Santa Clara University, KAIST College of Business and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 372 (151,256)
Citation 4

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Corporate environmental responsibility; Environmental costs; Financial performance; Corporate social responsibility; Environmental sustainability management

8.

Reverse Takeover and Firm Survivability

KAIST College of Business Working Paper Series No. 2012-006
Number of pages: 28 Posted: 13 Jul 2012
Rochester Institute of Technology, Florida State University, Kyung-Hee University - School of International Trade and Business and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 353 (160,252)
Citation 3

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Reverse Takeover, Corporate Governance, Firm Survivability, Going Public, Going Private

Harming Depositors and Helping Borrowers: The Disparate Impact of Bank Consolidation

AFA 2005 Philadelphia Meetings Paper, Review of Financial Studies, Forthcoming, KAIST College of Business Working Paper Series No. 2005-004, FRB of Cleveland Working Paper No. 07-04
Number of pages: 48 Posted: 16 Jan 2005 Last Revised: 18 Mar 2021
Kwangwoo Park and George Pennacchi
College of Business, Korea Advanced Institute of Science and Technology (KAIST) and University of Illinois
Downloads 341 (165,035)
Citation 19

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Harming Depositors and Helping Borrowers: The Disparate Impact of Bank Consolidation

The Review of Financial Studies, Vol. 22, Issue 1, pp. 1-40, 2009
Posted: 03 Jan 2009
Kwangwoo Park and George Pennacchi
College of Business, Korea Advanced Institute of Science and Technology (KAIST) and University of Illinois

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G21, G28, G34, L11

10.

Do Long-term Institutional Investors Promote Corporate Social Responsibility Activities?

Journal of Banking and Finance, Vol. 101, No. 4, 2019
Number of pages: 45 Posted: 22 Aug 2019
Hyun-Dong Kim, Kim Taeyeon, Yura kim and Kwangwoo Park
Graduate School of International Studies, Sogang University, Korea Advanced Institute of Science and Technology (KAIST), College of Business, University of Seoul and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 336 (168,921)
Citation 2

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Corporate social responsibility (CSR)Institutional investorInvestment horizonMonitoring incentive

11.

Disappearing Internal Capital Markets: Evidence from Diversified Business Groups in Korea

Journal of Banking and Finance, Forthcoming
Number of pages: 37 Posted: 01 Feb 2008 Last Revised: 27 Aug 2008
Sangwoo Lee, Kwangwoo Park and Hyun-Han Shin
University of Illinois at Urbana-Champaign - Department of Finance, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Yonsei University
Downloads 278 (206,039)
Citation 13

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Internal capital market, Korean chaebol, Financial crisis

12.

How Do Capital Structure Policies of Emerging Markets Differ from Those of Developed Economies? Survey Evidence from Korea

Emerging Markets Finance and Trade, Forthcoming, KAIST College of Business Working Paper Series No. 2013-010
Number of pages: 39 Posted: 24 Aug 2013 Last Revised: 09 Oct 2013
Hongbok Lee, Sekyung Oh and Kwangwoo Park
Western Illinois University - Department of Accounting and Finance, Konkuk University and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 241 (237,486)
Citation 1

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Capital structure, Trade-off theory, Pecking-order model, Chaebol firms, Survey evidence

13.

Gold, Silver, Bronze or Tin? The Short and Long Term Effects of Mega Sporting Events

KAIST College of Business Working Paper Series No. 2012-005
Number of pages: 29 Posted: 13 Jul 2012
University of Missouri at Columbia - Department of Finance, affiliation not provided to SSRN, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Xavier University - Department of Economics
Downloads 236 (242,394)

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Olympics, World Cup, Announcement Effect, Economic Performance

Alternative Indicators to Predict the Probability of Declining Inflation

Number of pages: 35 Posted: 12 Mar 2001
Sungjun Kang, Kwangwoo Park and Ronald A. Ratti
Korea Ministry of Planning and Budget, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Western Sydney University - Department of Economics & Finance
Downloads 221 (257,055)

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Probit model, out-of-sample forecast, inflation targets, inflation indicators

Alternative Indicators for Predicting the Probability of Declining Inflation

Cambridge Journal of Economics, Vol. 28. No. 1, pp. 37-57, 2004
Posted: 24 Jan 2002 Last Revised: 20 Oct 2007
Sungjun Kang, Kwangwoo Park and Ronald A. Ratti
Korea Ministry of Planning and Budget, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Western Sydney University - Department of Economics & Finance

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Probit model, out-of-sample forecast, inflation targets, inflation indicators

15.

Corporate Governance and Payout Policy: Evidence from Korean Business Groups

Pacific-Basin Finance Journal, Vol. 24, 2013, KAIST College of Business Working Paper Series No. 2013-009
Number of pages: 41 Posted: 24 Aug 2013 Last Revised: 09 Oct 2013
Lee-Seok Hwang, Hakkon Kim, Kwangwoo Park and Rae Soo Park
Seoul National University - College of Business Administration, KAIST College of Business, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Sookmyung Women's University
Downloads 183 (306,271)
Citation 2

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Payout policies, Corporate governance, Business group

16.

해외진출과 은행의 경영성과: OECD 30개국 자료를 이용한 실증분석 (Global Expansion and Bank Performance: Empirical Evidence from 30 OECD Countries)

Financial Stability Studies, Vol. 11, No. 1, Korea Deposit Insurance Corporation(KDIC), 2010, pp. 27-53.
Number of pages: 27 Posted: 15 Aug 2017 Last Revised: 09 Jan 2019
Kwangwoo Park, Chae-eun Sung and Sang Whi Lee
College of Business, Korea Advanced Institute of Science and Technology (KAIST), Deutsche Bank AG - Seoul Branch and Kyung-Hee University - School of International Trade and Business
Downloads 167 (331,934)

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은행경영, 해외진출, 분위회귀분석, Commercial Bank Management, Foreign Expansion, Quantile Regression

17.

Men of Honor: Military CEOS and Directors in Korea

Asian Finance Association (AsianFA) 2017 Conference
Number of pages: 57 Posted: 18 May 2017
Hyun-Dong Kim, Ji Yeol Jimmy Oh and Kwangwoo Park
Graduate School of International Studies, Sogang University, Hanyang University and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 162 (340,729)

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Managerial Labor Mobility and Banks’ Financial Reporting Quality

Journal of Accounting and Public Policy, Forthcoming, KAIST College of Business Working Paper Series
Number of pages: 49 Posted: 18 Jan 2023
Saeyeon Oh and Kwangwoo Park
College of Business, Korea Advanced Institute of Science and Technology (KAIST) and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 114 (450,976)

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Inevitable Disclosure Doctrine, Labor mobility, Discretionary loan loss provisions, Bank reporting quality

Managerial Labor Mobility and Banks’ Financial Reporting Quality

KAIST College of Business Working Paper Series No. 2022-22
Number of pages: 67 Posted: 01 Dec 2023
Saeyeon Oh and Kwangwoo Park
College of Business, Korea Advanced Institute of Science and Technology (KAIST) and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 23 (960,747)
Citation 1

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Inevitable Disclosure Doctrine, Labor mobility, Discretionary loan loss provisions, Bank reporting quality

19.

Investment Propensity of Controlling Shareholders and Financial Constraints: Evidence around the World

KAIST College of Business Working Paper Series No. 2012-009
Number of pages: 38 Posted: 23 Oct 2012
Jin Ho Park, Kwangwoo Park and Ronald A. Ratti
Korea Energy Economics Institute (KEEI), College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Western Sydney University - Department of Economics & Finance
Downloads 131 (404,234)

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Ownership Structure, Agency Problem, Investment, Financial Constraints, Legal System

20.

Seeking Legitimacy Through CSR: Evidence from Controversial Industries

Asian Finance Association (AsianFA) 2015 Conference Paper
Number of pages: 56 Posted: 08 Apr 2015
Hoje Jo, Hakkon Kim and Kwangwoo Park
Santa Clara University, Southwest Jiaotong University and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 116 (442,996)

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Corporate social responsibility; Sinful industry; Controversial industry; Risk management; Social license to operate

21.

예금보험 문헌연구: 제도개선에의 함의 (Literature Review on the Deposit Insurance System Around the World: Implications for Its Improvement)

Financial Stability Studies, Vol. 15, No. 2, Korea Deposit Insurance Corporation(KDIC), 2014, pp. 1-30.
Number of pages: 30 Posted: 11 Aug 2017 Last Revised: 10 Jan 2019
Kwangwoo Park and Junho Park
College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Myongji University
Downloads 62 (650,379)

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예금보험, 금융안정, 차등예금보험, 경기순응성, 목표기금제도, Deposit Insurance, Financial Stability, Differential Deposit Insurance, Pro-cyclicality, Target Deposit Insurance Funds

22.

은행대형화와 예금보험기금의 건전성 제고 방안 (Bank Consolidation and the Soundness of the Deposit Insurance Fund)

Finacial Stability Studies, Vol. 8, No. 3, Korea Deposit Insurance Corporation(KDIC), 2007, pp. 97-155.
Number of pages: 59 Posted: 15 Aug 2017 Last Revised: 10 Jan 2019
Kwangwoo Park and Hyunsung Park
College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Korea Advanced Institute of Science and Technology (KAIST), Students
Downloads 61 (655,737)
Citation 1

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은행대형화, 예금보험기금, 목표기금제도, 시스템위험, Bank Consolidation, Deposit Insurance Fund, Systemic Risk

23.

저축은행의 소유구조와 부실위험에 관한 연구 (A Study on the Ownership Structure and Insolvencies of Savings Bank)

Financial Stability Studies, Vol.18, No.2, Korea Deposit Insurance Corporation(KDIC), 2017, pp.85-109 .
Number of pages: 25 Posted: 13 Jun 2018 Last Revised: 26 Dec 2018
Hakkon Kim, Kwangwoo Park and Seungkon Oh
Chungbuk National University, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Korea Deposit Insurance Corporation
Downloads 47 (738,286)

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파산, 부실경영, 저축은행, 소유구조, 도덕적 해이, Bankruptcy, Savings Bank, Ownership Structure, Moral Hazard

24.

Crowd-Sourced CEO Approval and Turnover

Number of pages: 78 Posted: 21 Mar 2024
Sea-Jin Chang, Ji Yeol Jimmy Oh and Kwangwoo Park
National University of Singapore (NUS) - Department of Business Policy, Sungkyunkwan University and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 14 (1,024,431)

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CEO Turnover, crowd-sourced reviews, internal stakeholders, stakeholder capitalism, social media

25.

Employee Satisfaction and Corporate Cash Holdings: Evidence from Es Risks

Number of pages: 14 Posted: 22 May 2024
Kwangwoo Park and Woobin Jeong
College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Sungkyunkwan University
Downloads 11 (1,054,920)

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crowd-sourced reviews, employee satisfaction, corporate cash holdings, social media

26.

Air Quality, Es Risks, and Stock Returns: Evidence from Korea

Number of pages: 14 Posted: 09 May 2024
Byunghun Han, Junho Park and Kwangwoo Park
College of Business, Korea Advanced Institute of Science and Technology (KAIST), Myongji University and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 8 (1,083,878)

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Q53, G10, G24, G23

27.

Improving Liquidity in Emission Trading Schemes

Forthcoming, Journal of Futures Markets, KAIST College of Business Working Paper Series No. 2021-008
Posted: 01 Jul 2021 Last Revised: 28 Jul 2021
Jihun Kim and Kwangwoo Park
Yonsei University - College of Government and Business and College of Business, Korea Advanced Institute of Science and Technology (KAIST)

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EU ETS, market power, market activation, policy effectiveness