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

24

DOWNLOADS
Rank 6,509

SSRN RANKINGS

Top 6,509

in Total Papers Downloads

8,044

SSRN CITATIONS
Rank 2,617

SSRN RANKINGS

Top 2,617

in Total Papers Citations

148

CROSSREF CITATIONS

350

Scholarly Papers (24)

1.
Downloads 1,307 ( 17,769)
Citation 4

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 673 (45,135)
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 582 (54,616)
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: 15 Feb 2008
Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 52 (453,888)
Citation 2

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2.
Downloads 1,035 ( 25,132)
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 982 (26,732)
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: 05 Feb 2021
Woojin Kim and Michael S. Weisbach
Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 53 (450,000)

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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 590 (53,716)

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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 275 (131,433)

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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 2021
Narasimhan Jegadeesh and Woojin Kim
Emory University - Department of Finance and Seoul National University - Business School
Downloads 70 (390,479)
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 916 (30,000)
Citation 32

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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 736 (39,967)

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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 (466,022)
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 475 (70,560)
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: 21 May 2009
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 29 (566,542)

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7.
Downloads 388 ( 90,479)
Citation 28

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 363 (96,986)
Citation 30

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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
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 25 (592,979)

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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
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 372 (95,047)

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

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 303 (119,330)
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 295 (122,736)
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 267 (136,168)
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 179 (198,820)

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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 176 (201,790)

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

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 142 (242,024)
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 (790,255)
Citation 1
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disclosure quality, market mispricing, foreign currency, hedging

15.

Do Firms Save Too Much Cash? Evidence from a Tax on Corporate Savings

Number of pages: 67 Posted: 21 Dec 2018 Last Revised: 23 Sep 2020
Baylor University - Department of Finance, Insurance & Real Estate, Seoul National University - Business School and Tulane University
Downloads 138 (246,989)

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Corporate Cash, Investment, Payout Policy, Natural Experiment, Valuation, Tax

16.

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 103 (305,558)

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

17.

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 97 (317,791)

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IPO, Skewness Preference, Lottery, Underpricing, International

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 58 (424,770)

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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 43 (483,062)

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

20.

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

21.

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
KIPF (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
Downloads 0 (772,941)
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Corporate Governance, Sentencing Bias, White Collar Crime, Chaebol, Korea

22.

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
Downloads 0 (772,941)
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Corporate Governance, International Cross‐Listing, Cost of Capital, Bonding Hypothesis, Family Firms, Alternative‐Specific Conditional Logit Model

23.

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

24.

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, Woojin Kim and Dong Wook Lee
Dong-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: 17
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 17

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