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

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 6,871

SSRN RANKINGS

Top 6,871

in Total Papers Downloads

8,226

SSRN CITATIONS
Rank 2,581

SSRN RANKINGS

Top 2,581

in Total Papers Citations

171

CROSSREF CITATIONS

350

Scholarly Papers (25)

1.
Downloads 1,312 ( 19,028)
Citation 6

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
Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 674 (48,231)
Citation 3

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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
Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 586 (57,827)
Citation 3

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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: 14 Jun 2021
Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 52 (478,219)
Citation 2

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2.
Downloads 1,044 ( 26,683)
Citation 6

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 988 (28,448)
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 2021
Woojin Kim and Michael S. Weisbach
Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 56 (462,089)

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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 591 (57,211)

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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 278 (137,856)

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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: 29 Aug 2021
Narasimhan Jegadeesh and Woojin Kim
Emory University - Department of Finance and Seoul National University - Business School
Downloads 74 (398,988)
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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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 923 (31,838)
Citation 33

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Analyst recommendations, market efficiency, stock recommendations

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 737 (42,766)

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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: 28 Mar 2021
Woojin Kim and Michael S. Weisbach
Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 49 (491,075)
Citation 14

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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
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 481 (74,106)
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 May 2021
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 31 (584,181)

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7.

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
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 407 (91,155)

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

8.
Downloads 400 ( 92,972)
Citation 32

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
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 373 (100,012)
Citation 26

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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 Oct 2021
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 27 (610,292)

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9.

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

Number of pages: 61 Posted: 20 Mar 2012
Korea University Business School, Seoul National University - College of Business Administration, Morningstar Associates Korea and Seoul National University - Business School
Downloads 308 (124,394)
Citation 6

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

10.

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 300 (127,997)
Citation 1

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Shareholder activism, Investment purpose, 5% rule, Korea

11.

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 281 (137,485)
Citation 6

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pyramid, acquisition, investor protection, control block

12.

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 181 (208,347)

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

13.

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 179 (210,388)

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

14.

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

Number of pages: 71 Posted: 21 Dec 2018 Last Revised: 02 Sep 2021
Baylor University - Department of Finance, Insurance & Real Estate, Seoul National University - Business School and Tulane University
Downloads 155 (237,759)

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

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
Korea University Business School, Korea Corporate Governance Service, Seoul National University - Business School and Korea University Business School
Downloads 146 (250,320)
Citation 1

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Disclosure Quality, Market Mispricing, Foreign Currency, Hedging

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

Journal of Business Finance & Accounting, Vol. 39, Issue 7‐8, pp. 936-959, 2012
Number of pages: 24 Posted: 26 Oct 2012
Korea University Business School, Korea Corporate Governance Service, Seoul National University - Business School and Korea University Business School
Downloads 1 (828,486)
Citation 1
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disclosure quality, market mispricing, foreign currency, hedging

16.

Skewness Preference and IPO Underpricing: International Evidence

Number of pages: 46 Posted: 09 Jan 2019
Eunyoung Cho and Woojin Kim
National Pension Research Institute and Seoul National University - Business School
Downloads 116 (296,911)

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IPO, Skewness Preference, Lottery, Underpricing, International

17.

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 105 (318,290)

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

18.

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 72 (400,618)

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

19.

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 44 (504,314)

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

20.

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

Number of pages: 46 Posted: 11 Oct 2021
Woojin Kim, Jongsub Lee and Yunxiao Liu
Seoul National University - Business School, Seoul National University and SILC Business School, Shanghai University
Downloads 11 (708,546)

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

21.

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

22.

Too Big to Jail? Company Status and Judicial Bias in an Emerging Market

Corporate Governance: An International Review, Vol. 24, Issue 2, pp. 85-104, 2016
Number of pages: 20 Posted: 04 Mar 2016
Harvard University - Edmond J. Safra Center for EthicsKIPF (Korea Institute of Public Finance), Hanyang University, Seoul National University - Business School, Hanyang University - School of Business and Ohio State University (OSU) - Fisher College of Business
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Corporate Governance, Sentencing Bias, White Collar Crime, Chaebol, Korea

23.

Is Cross‐Listing a Commitment Mechanism?: The Choice of Destinations and Family Ownership

Corporate Governance: An International Review, Vol. 23, Issue 4, pp. 307-330, 2015
Number of pages: 24 Posted: 06 Jul 2015
Jaiho Chung, Hyejin Cho and Woojin Kim
Korea University Business School, Korea University Business School (KUBS) and Seoul National University - Business School
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Corporate Governance, International Cross‐Listing, Cost of Capital, Bonding Hypothesis, Family Firms, Alternative‐Specific Conditional Logit Model

24.

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

25.

Short Selling by Individual Investors: Destabilizing or Price Discovering?

Pacific-Basin Finance Journal, Vol. 21, No. 1, 2013
Posted: 08 Apr 2013
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: 19
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, Purdue University and Seoul National University - Business School
Downloads 19

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