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

26

DOWNLOADS
Rank 8,196

SSRN RANKINGS

Top 8,196

in Total Papers Downloads

10,096

SSRN CITATIONS
Rank 2,311

SSRN RANKINGS

Top 2,311

in Total Papers Citations

387

CROSSREF CITATIONS

341

Scholarly Papers (26)

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 713 (64,750)
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
Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 623 (76,882)
Citation 4

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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
Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 78 (558,863)
Citation 2

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2.
Downloads 1,117 (35,328)
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 1,012 (40,105)
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 105 (459,394)

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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 647 (73,347)

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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 325 (166,358)

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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 134 (383,626)
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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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 1,011 (40,756)
Citation 36

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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 741 (61,544)

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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 63 (629,972)
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 533 (93,720)
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
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 60 (646,350)

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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 511 (99,840)
Citation 1

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

8.

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
Baylor University - Department of Finance, Insurance & Real Estate, Seoul National University - Business School and Tulane University
Downloads 480 (107,725)
Citation 1

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

9.
Downloads 466 (111,620)
Citation 61

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 427 (122,444)
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
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 39 (783,382)

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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 355 (152,285)
Citation 2

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Shareholder activism, Investment purpose, 5% rule, Korea

11.

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 344 (157,553)
Citation 6

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

12.

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 318 (171,557)
Citation 6

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pyramid, acquisition, investor protection, control block

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 244 (223,711)

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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 42 (760,745)

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

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 226 (242,059)

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

15.

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 206 (263,872)

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

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 184 (292,199)

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IPO, Skewness Preference, Lottery, Underpricing, International

17.

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 165 (321,359)
Citation 1

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Disclosure Quality, Market Mispricing, Foreign Currency, Hedging

18.

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 139 (369,968)
Citation 2

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

19.

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 125 (401,519)

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

20.

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 117 (421,854)

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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.

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 64 (614,538)

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Option, ELW (Equity Linked Warrant), HFT (High Frequency Trader), 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 33 (816,323)

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supply chain, ownership structure, pyramid, business groups

De-Spac Performance Under Better Aligned Sponsor Contracts

Number of pages: 61 Posted: 29 Feb 2024
National Taiwan University - Department of Finance, Seoul National University - Business School, National Taiwan University - Department of Finance and Samsung
Downloads 2 (1,135,166)

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

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
National Taiwan University - Department of Finance, Seoul National University - Business School, National Taiwan University - Department of Finance and Samsung
Downloads 30 (866,101)

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

24.

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

25.

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

26.

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: 31
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 31

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