Woojin Kim

Seoul National University - Business School

Professor of Finance

1 Gwanak-ro, Gwanak-gu

Seoul, 08826

Korea, Republic of (South Korea)

http://cba.snu.ac.kr/en/faculty?mode=view&memberidx=60582&major=6

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • Seoul National University - Business School

    • Email
    • Tel: 82-2-880-5831

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

30

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Top 8,197

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11,781

TOTAL CITATIONS
Rank 2,191

SSRN RANKINGS

Top 2,191

in Total Papers Citations

124

Scholarly Papers (30)

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1.

What Determines the Structure of Corporate Debt Issues?

Downloads 1,519 (27,177)
Citation 7

What Determines the Structure of Corporate Debt Issues?

EFA 2008 Athens Meetings Paper, AFA 2009 San Francisco Meetings Paper
Number of pages: 43 Posted: 17 Mar 2008
Brandon Julio, Woojin Kim and Michael S. Weisbach
Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 776 (69,472)
Citation 4

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What Determines the Structure of Corporate Debt Issues?

Fisher College of Business Working Paper No. 2008-03-010; Dice Center WP 2008-11
Number of pages: 44 Posted: 21 Dec 2007 Last Revised: 27 Sep 2010
Brandon Julio, Woojin Kim and Michael S. Weisbach
Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 662 (85,502)
Citation 1

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convertible bond, callable bond, bond rating, bond maturity

What Determines the Structure of Corporate Debt Issues?

NBER Working Paper No. w13706
Number of pages: 43 Posted: 31 Dec 2007 Last Revised: 15 Dec 2022
Brandon Julio, Woojin Kim and Michael S. Weisbach
Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 81 (671,287)
Citation 2

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2.

Do Analysts Herd? An Analysis of Recommendations and Market Reactions

Downloads 1,205 (38,233)
Citation 9

Do Analysts Herd? An Analysis of Recommendations and Market Reactions

Number of pages: 40 Posted: 16 Jan 2007
Narasimhan Jegadeesh and Woojin Kim
Emory University - Department of Finance and Seoul National University - Business School
Downloads 676 (83,267)

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Financial markets, Herding, Brokerage analysts, Analyst recommendations

Do Analysts Herd? An Analysis of Recommendations and Market Reactions

Number of pages: 46 Posted: 25 Mar 2008
Narasimhan Jegadeesh and Woojin Kim
Emory University - Department of Finance and Seoul National University - Business School
Downloads 344 (188,184)

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herding, market efficiency, private information

Do Analysts Herd? An Analysis of Recommendations and Market Reactions

NBER Working Paper No. w12866
Number of pages: 40 Posted: 24 Jan 2007 Last Revised: 27 Feb 2022
Narasimhan Jegadeesh and Woojin Kim
Emory University - Department of Finance and Seoul National University - Business School
Downloads 185 (352,940)
Citation 9

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Do Analysts Herd? An Analysis of Recommendations and Market Reactions

The Review of Financial Studies, Vol. 23, No. 2, pp. 901-937, 2009
Posted: 01 Feb 2010
Narasimhan Jegadeesh and Woojin Kim
Emory University - Department of Finance and Seoul National University - Business School

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3.

Do Firms Go Public to Raise Capital?

Downloads 1,174 (39,724)
Citation 2

Do Firms Go Public to Raise Capital?

Number of pages: 36 Posted: 27 Feb 2005
Woojin Kim and Michael S. Weisbach
Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 1,033 (46,932)
Citation 2

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Do Firms Go Public to Raise Capital?

NBER Working Paper No. w11197
Number of pages: 37 Posted: 18 Apr 2005 Last Revised: 07 Aug 2022
Woojin Kim and Michael S. Weisbach
Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 141 (447,153)

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4.

Value of Analyst Recommendations: International Evidence

U of Illinois at Urbana-Champaign Working Paper
Number of pages: 41 Posted: 14 Jul 2003
Narasimhan Jegadeesh and Woojin Kim
Emory University - Department of Finance and Seoul National University - Business School
Downloads 1,054 (46,344)
Citation 42

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Analyst recommendations, market efficiency, stock recommendations

5.

Motivations for Public Equity Offers: An International Perspective

Downloads 817 (65,979)
Citation 14

Motivations for Public Equity Offers: An International Perspective

Number of pages: 46 Posted: 10 Nov 2005
Woojin Kim and Michael S. Weisbach
Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 744 (73,545)

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equity offers, initial public offering, seasoned equity offering, mispricing

Motivations for Public Equity Offers: An International Perspective

NBER Working Paper No. w11797
Number of pages: 41 Posted: 02 Mar 2006 Last Revised: 26 Sep 2022
Woojin Kim and Michael S. Weisbach
Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 73 (713,662)
Citation 14

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6.

Macroeconomic Conditions and the Structure of Securities

Downloads 732 (76,351)
Citation 2

Macroeconomic Conditions and the Structure of Securities

Charles A. Dice Center Working Paper No. 2009-6 , Fisher College of Business Working Paper No. 2009-03-006
Number of pages: 53 Posted: 05 May 2009 Last Revised: 27 Oct 2010
Isil Erel, Brandon Julio, Woojin Kim and Michael S. Weisbach
Ohio State University (OSU) - Department of Finance, Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 607 (95,552)
Citation 2

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market downturns, security choice, maturity, security

Market Conditions and the Structure of Securities

NBER Working Paper No. w14952
Number of pages: 45 Posted: 19 May 2009 Last Revised: 10 Nov 2022
Isil Erel, Brandon Julio, Woojin Kim and Michael S. Weisbach
Ohio State University (OSU) - Department of Finance, Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 125 (493,719)

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7.

Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment

Review of Financial Studies, forthcoming
Number of pages: 74 Posted: 21 Dec 2018 Last Revised: 11 Nov 2022
Hwanki Brian Kim, Woojin Kim and Mathias Kronlund
Baylor University - Department of Finance, Insurance & Real Estate, Seoul National University - Business School and The University of Illinois at Urbana-Champaign
Downloads 595 (99,436)
Citation 3

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Corporate cash, investment, wages, payout policy, natural experiment, tax

8.

Default Probabilities of Privately Held Firms

Journal of Banking and Finance, Forthcoming
Number of pages: 41 Posted: 16 Mar 2012 Last Revised: 08 Aug 2018
Jin-Chuan Duan, Baeho Kim, Woojin Kim and Donghwa Shin
National University of Singapore (NUS) - Business School and Risk Management Institute, Korea University Business School (KUBS), Seoul National University - Business School and University of North Carolina at Chapel Hill, Kenan-Flagler Business School
Downloads 537 (113,245)
Citation 4

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Default probability; Term structure; Privately held firm; Interest charge

9.

Macroeconomic Conditions and Capital Raising

Downloads 505 (122,028)
Citation 22

Macroeconomic Conditions and Capital Raising

Charles A. Dice Center Working Paper No. 2011-9, Fisher College of Business Working Paper No. 2011-03-009
Number of pages: 46 Posted: 07 Apr 2011 Last Revised: 22 Jul 2011
Isil Erel, Brandon Julio, Woojin Kim and Michael S. Weisbach
Ohio State University (OSU) - Department of Finance, Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 455 (136,821)
Citation 22

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Financial Conditions, Business Cycles, Maturity, Seniority

Macroeconomic Conditions and Capital Raising

NBER Working Paper No. w16941
Number of pages: 45 Posted: 11 Apr 2011 Last Revised: 17 Apr 2022
Isil Erel, Brandon Julio, Woojin Kim and Michael S. Weisbach
Ohio State University (OSU) - Department of Finance, Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 50 (872,713)

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10.

A Survey of Research on the Corporate Governance of Korean Firms

Downloads 437 (145,446)
Citation 1

A Survey of Research on the Corporate Governance of Korean Firms

European Corporate Governance Institute – Finance Working Paper No. 804/2021
Number of pages: 76 Posted: 13 Dec 2021
Woochan Kim, Woojin Kim and Kyung Suh Park
Korea University Business School, Seoul National University - Business School and Korea University - Department of Finance
Downloads 371 (173,657)
Citation 1

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corporate governance, Korea, control structure, ownership structure, business groups, family firms, related-party transactions

A Survey of Research on the Corporate Governance of Korean Firms

Asian Review of Financial Research, Vol.35, No.1, pp.151-213, 2022
Number of pages: 70 Posted: 05 Apr 2022
Woochan Kim, Woojin Kim and Kyung Suh Park
Korea University Business School, Seoul National University - Business School and Korea University - Department of Finance
Downloads 66 (755,589)

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corporate governance, Korea, control structure, ownership structure, business groups, family firms, related-party transactions

11.

Flight-to-Quality and Correlation between Currency and Stock Returns

Number of pages: 61 Posted: 20 Mar 2012
Jin-Wan Cho, Joung Hwa Choi, Taeyong Kim and Woojin Kim
Korea University Business School, Seoul National University - College of Business Administration, Morningstar Associates Korea and Seoul National University - Business School
Downloads 383 (168,658)
Citation 6

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currency risks, international stock markets, flight-to-qulaity, currency hedging

12.

Value of Shareholder Activism: Evidence from the Switchers

U of Texas Law, Law and Econ Research Paper No. 128, EFA 2008 Athens Meetings Paper, KDI School of Pub Policy and Management Research Paper No. 08-09
Number of pages: 41 Posted: 03 Mar 2008 Last Revised: 02 Oct 2008
Woochan Kim, Woojin Kim and Kap-Sok Kwon
Korea University Business School, Seoul National University - Business School and Korean Times
Downloads 369 (175,851)
Citation 2

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Shareholder activism, Investment purpose, 5% rule, Korea

13.

Investor Protection and the Mode of Acquisition: Implications for Ownership Dilution and Formation of Pyramids

Number of pages: 53 Posted: 20 Feb 2008 Last Revised: 05 May 2011
Woojin Kim
Seoul National University - Business School
Downloads 345 (189,299)
Citation 6

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pyramid, acquisition, investor protection, control block

14.

Evaluating Analysts' Value: Evidence from Recommendations Around Stock Price Jumps

Number of pages: 46 Posted: 26 Mar 2010
George J. Jiang and Woojin Kim
Washington State University and Seoul National University - Business School
Downloads 287 (230,722)

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Analyst Recommendations, Information Processing Ability, Stock Price Jumps, Corporate Event, Market Reactions

15.

De-SPAC Performance Under Better Aligned Sponsor Contracts

Downloads 262 (253,202)

De-SPAC Performance Under Better Aligned Sponsor Contracts

European Corporate Governance Institute – Finance Working Paper No. 962/2024
Number of pages: 66 Posted: 26 Feb 2024
Yao-Min Chiang, Woojin Kim, Bokyung Park and Tae Jun Yoon
National Taiwan University - Department of Finance, Seoul National University - Business School, National Taiwan University - Department of Finance and Samsung
Downloads 209 (314,579)

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Special Purpose Acquisition Company (SPAC), Initial Public Offering (IPO), Going Public

De-Spac Performance Under Better Aligned Sponsor Contracts

Number of pages: 61 Posted: 29 Feb 2024 Last Revised: 16 May 2025
Yao-Min Chiang, Woojin Kim, Bokyung Park and Tae Jun Yoon
National Taiwan University - Department of Finance, Seoul National University - Business School, National Taiwan University - Department of Finance and Samsung
Downloads 53 (848,021)

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Special Purpose Acquisition Company (SPAC), Initial Public Offering (IPO), Going Public, Incentives, Contract design, Incentives, Contract design

16.

Evaluating Analysts’ Value: Evidence from Recommendations around Stock Price Jumps

Number of pages: 42 Posted: 20 Sep 2009
George J. Jiang and Woojin Kim
Washington State University and Seoul National University - Business School
Downloads 223 (296,956)

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Analyst Recommendations, Information Processing Ability, Stock Price Jumps, Corporate Event, Market Reactions

17.

Skewness Preference and IPO Underpricing: International Evidence

Number of pages: 46 Posted: 09 Jan 2019
Eunyoung Cho and Woojin Kim
Chungnam National University - College of Business and Seoul National University - Business School
Downloads 212 (311,662)

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IPO, Skewness Preference, Lottery, Underpricing, International

18.

Effects of Disclosure Quality on Market Mispricing: Evidence from Derivative-Related Loss Announcements

Journal of Business Finance and Accounting, Forthcoming
Number of pages: 44 Posted: 29 May 2012
Jaiho Chung, Hyungseok Kim, Woojin Kim and Yong Keun Yoo
Korea University Business School, Korea Corporate Governance Service, Seoul National University - Business School and Korea University Business School
Downloads 175 (371,876)
Citation 1

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Disclosure Quality, Market Mispricing, Foreign Currency, Hedging

19.

Control Beyond Ownership: Open-Book Accounting in Unbalanced Supply Chain Networks

Number of pages: 47 Posted: 11 Oct 2021 Last Revised: 07 Feb 2022
Woojin Kim, Jongsub Lee and Yunxiao Liu
Seoul National University - Business School, Seoul National University and Shanghai University
Downloads 166 (389,529)

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Open-book accounting, supply chain networks, unbalanced bargaining power of customers over suppliers, large business groups, surplus sharing, firm boundary

20.

Bribes and Corporate Performance: Evidence from a Quasi-Natural Experiment

European Corporate Governance Institute – Finance Working Paper No. 699/2020
Number of pages: 38 Posted: 10 Sep 2020
Jieun Im and Woojin Kim
Seoul National University - Business School and Seoul National University - Business School
Downloads 157 (408,739)
Citation 1

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bribes, anti-graft law, firm performance, regulation, entertainment expense

21.

Death Spiral Issues in Emerging Market: A Control Related Perspective

KDI School of Pub Policy & Management Paper No. 09-05
Number of pages: 39 Posted: 05 Aug 2009 Last Revised: 01 Oct 2009
Woochan Kim, Woojin Kim and Hyungseok Kim
Korea University Business School, Seoul National University - Business School and Korea Corporate Governance Service
Downloads 154 (415,393)
Citation 2

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Death spirals, Convertibles, Warrants, Control enhancing mechanisms, Korea

22.

Supply Chain within Business Groups: Do Families Prefer Upstream or Downstream Firms?

European Corporate Governance Institute – Finance Working Paper No. 963/2024
Number of pages: 54 Posted: 26 Feb 2024
Jieun Im and Woojin Kim
Seoul National University - Business School and Seoul National University - Business School
Downloads 112 (534,642)

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supply chain, ownership structure, pyramid, business groups

23.

Positive Feedback Trading in Meme Stocks: Swing Trading or Betting on Lotteries?

Number of pages: 39 Posted: 07 May 2024
Eunyoung Cho, Woojin Kim and Min-Cheol Woo
Chungnam National University - College of Business, Seoul National University - Business School and Korea Exchange (KRX)
Downloads 87 (634,819)

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Price bubble, Positive feedback trading, Noise traders, Theme stocks, Korea

24.

Informed Trading from Tax Havens

Number of pages: 58 Posted: 19 Aug 2024
Cheol-Won Yang, Jaewon Choi and Woojin Kim
Dankook University Business School, Seoul National University - Department of Economics and Seoul National University - Business School
Downloads 84 (648,550)

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Informed Trading, Anonymity, Stock Picking Ability, Insider Information, Tax Haven

25.

Does Buy-and-Hold Pay Off in Structured Products? An Analysis of Account-Level Transactions

Number of pages: 50 Posted: 01 Aug 2014
Youngsoo Choi, Woojin Kim and Eunji Kwon
Hankuk University of Foreign Studies, Seoul National University - Business School and Hankuk University of Foreign Studies
Downloads 69 (725,268)

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Option, ELW (Equity Linked Warrant), HFT (High Frequency Trader), Korea

26.

Why Can't the Market Add and Subtract? Evidence from Central Firms in Business Groups

European Corporate Governance Institute – Finance Working Paper No. 1040/2025
Number of pages: 44 Posted: 03 Mar 2025
Woojin Kim and Shu-Feng Wang
Seoul National University - Business School and National Central University, Department of Finance
Downloads 63 (761,262)

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Centrality, Free float, Law of one price, Korean business group

27.

Do Bad Targets Become Worse Targets? Evidence from Sequential Transfers of Control Blocks

European Corporate Governance Institute – Finance Working Paper No. 1004/2024
Number of pages: 66 Posted: 29 Aug 2024
Euna Cho, Hwanki Brian Kim and Woojin Kim
Bank of Korea - Economic Research Institute, Baylor University - Department of Finance, Insurance & Real Estate and Seoul National University - Business School
Downloads 58 (794,414)

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Takeover, Financial distress, Equity issuance, Private benefits, Agency problem

28.

CEO to the Rescue: Residential Proximity of Private Firm CEOs and the Evolution of Corporate Profitability

KDI Journal of Economic Policy 38(4): 1-21
Posted: 05 Jan 2017 Last Revised: 06 Dec 2018
Woojin Kim and Dong Ryung Yang
Seoul National University - Business School and Seojeong College

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CEO, Corporate Governance, Geographic, Commitment

29.

Stock Return Commonality within Business Groups: Fundamentals or Sentiment?

Pacific-Basin Finance Journal, Volume 35, Part A, November 2015, Pages 198-224
Posted: 30 Jan 2014 Last Revised: 29 Sep 2016
Min-Su Kim, Woojin Kim and Dong Wook Lee
Korea University, Seoul National University - Business School and Korea University

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Return commonality; Business group; Corporate governance; Category/Habitat trading; Korea

30.

Short Selling by Individual Investors: Destabilizing or Price Discovering?

Pacific-Basin Finance Journal, Vol. 21, No. 1, 2013
Posted: 08 Apr 2013
Chan Shik Jung, Chan Shik Jung, Woojin Kim and Dong Wook Lee
Korea UniversityDong-A University Business School, Seoul National University - Business School and Korea University

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Short sale, Individual investors, Korean stock market, Pricing efficiency, Destabilizing

Other Papers (1)

Total Downloads: 33
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1.

Who's Leaving Money on the Table? Evidence from IPOs within Business Groups

Asian Finance Association (AsianFA) 2016 Conference
Number of pages: 34 Posted: 02 Feb 2016
Woojin Kim, Chan Lim and Tae Jun Yoon
Seoul National University - Business School, University at Buffalo (SUNY) - School of Management and Seoul National University - Business School
Downloads 33

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IPO, Underpricing, Secondary Shares, Controlling Shareholders, Wealth Transfer, Korea