Hayong Yun

Michigan State University - Department of Finance

667 N Shaw Lane, Room 339

East Lansing, MI 48824-1122

United States

http://https://sites.google.com/view/hayongyun/

  • Michigan State University - Department of Finance

    • Email
    • Tel: 517-884-0549
SCHOLARLY PAPERS

19

DOWNLOADS
Rank 11,664

SSRN RANKINGS

Top 11,664

in Total Papers Downloads

7,047

SSRN CITATIONS
Rank 7,691

SSRN RANKINGS

Top 7,691

in Total Papers Citations

142

CROSSREF CITATIONS

60

Scholarly Papers (19)

Actions:
Email selected abstracts
1.

Matching Bankruptcy Laws to Legal Environments

Downloads 1,429 (22,940)
Citation 9

Matching Bankruptcy Laws to Legal Environments

Number of pages: 33 Posted: 04 Nov 2004
Kenneth Ayotte and Hayong Yun
University of California, Berkeley - School of Law and Michigan State University - Department of Finance
Downloads 1,429 (22,528)
Citation 9

Abstract:

Loading...

Bankruptcy, investor protection, law and finance

Matching Bankruptcy Laws to Legal Environments

The Journal of Law, Economics, & Organization, Vol. 25, Issue 1, pp. 2-30, 2009
Posted: 13 Apr 2009
Kenneth Ayotte and Hayong Yun
University of California, Berkeley - School of Law and Michigan State University - Department of Finance

Abstract:

Loading...

2.

Risk Management and Firm Value: Evidence from Weather Derivatives

AFA 2010 Atlanta Meetings Paper
Number of pages: 49 Posted: 11 Mar 2009 Last Revised: 20 Mar 2015
Francisco Perez-Gonzalez and Hayong Yun
National Bureau of Economic Research (NBER) and Michigan State University - Department of Finance
Downloads 970 (40,082)
Citation 36

Abstract:

Loading...

risk management, hedging, derivatives, firm value, capital structure, debt policy, weather risk

3.

The Choice of Corporate Liquidity and Corporate Governance

Downloads 783 (53,876)

The Choice of Corporate Liquidity and Corporate Governance

Number of pages: 48 Posted: 06 Mar 2006
Hayong Yun
Michigan State University - Department of Finance
Downloads 783 (53,116)
Citation 33

Abstract:

Loading...

corporate liquidity, corporate governance, cash holdings, lines of credit

The Choice of Corporate Liquidity and Corporate Governance

The Review of Financial Studies, Vol. 22, Issue 4, pp. 1447-1475, 2009
Posted: 23 Mar 2009
Hayong Yun
Michigan State University - Department of Finance

Abstract:

Loading...

G32, G34

4.

Negative Hedging: Performance Sensitive Debt and CEOs' Equity Incentives

Downloads 521 (90,706)
Citation 20

Negative Hedging: Performance Sensitive Debt and CEOs' Equity Incentives

Number of pages: 43 Posted: 21 Aug 2007 Last Revised: 11 Dec 2007
Alexei Tchistyi, David Yermack and Hayong Yun
Cornell SC Johnson College of Business, New York University (NYU) - Stern School of Business and Michigan State University - Department of Finance
Downloads 317 (159,076)
Citation 3

Abstract:

Loading...

Performance sensitive debt; equity compensation

Negative Hedging: Performance Sensitive Debt and CEOs' Equity Incentives

NYU Working Paper No. FIN-07-043
Number of pages: 54 Posted: 13 Nov 2008 Last Revised: 23 Sep 2009
Alexei Tchistyi, David Yermack and Hayong Yun
Cornell SC Johnson College of Business, New York University (NYU) - Stern School of Business and Michigan State University - Department of Finance
Downloads 204 (247,147)
Citation 5

Abstract:

Loading...

Performance sensitive debt, equity compensation

5.

Electricity Consumption and Asset Prices

Downloads 517 (91,574)
Citation 9

Electricity Consumption and Asset Prices

Number of pages: 57 Posted: 15 May 2010 Last Revised: 27 Sep 2010
Zhi Da and Hayong Yun
University of Notre Dame - Mendoza College of Business and Michigan State University - Department of Finance
Downloads 353 (141,677)
Citation 10

Abstract:

Loading...

Consumption-based Capital Asset Pricing Model (CCAPM), electricity consumption, return predictability.

Electricity Consumption and Asset Prices

Number of pages: 51 Posted: 15 Mar 2011
Zhi Da and Hayong Yun
University of Notre Dame - Mendoza College of Business and Michigan State University - Department of Finance
Downloads 164 (300,296)
Citation 2

Abstract:

Loading...

Consumption-based Capital Asset Pricing Model (CCAPM), electricity consumption, return predictability

6.

Liquidity Backstop, Corporate Borrowings, and Real Effects

Number of pages: 52 Posted: 18 Jun 2009 Last Revised: 30 Jun 2012
Pengjie Gao and Hayong Yun
University of Notre Dame - Mendoza College of Business and Michigan State University - Department of Finance
Downloads 481 (100,038)
Citation 2

Abstract:

Loading...

public liquidity, commercial paper, real effects, financial crisis, transmission channel.

7.

A Wolf in Sheep's Clothing: The Use of Ethics-Related Terms in 10-K Reports

Number of pages: 26 Posted: 21 Aug 2007
Tim Loughran, Bill McDonald and Hayong Yun
University of Notre Dame, University of Notre Dame - Mendoza College of Business - Department of Finance and Michigan State University - Department of Finance
Downloads 471 (102,500)
Citation 11

Abstract:

Loading...

ethics, 10-K filings

8.

Passive Shareholders as a Takeover Defense

Swiss Finance Institute Research Paper No. 10-56
Number of pages: 47 Posted: 02 Feb 2011 Last Revised: 16 Mar 2011
Andriy Bodnaruk, Pengjie Gao, Per Östberg and Hayong Yun
University of Illinois at Chicago, University of Notre Dame - Mendoza College of Business, University of Zurich - Department of Banking and Finance and Michigan State University - Department of Finance
Downloads 301 (169,156)
Citation 3

Abstract:

Loading...

Mergers and Acquisitions, Ownership Structure and Corporate Governance

9.

Fiscal Policy, Consumption Risk, and Stock Returns: Evidence from US States

Number of pages: 44 Posted: 14 Mar 2012 Last Revised: 03 Jun 2016
Zhi Da, Mitch Warachka and Hayong Yun
University of Notre Dame - Mendoza College of Business, Chapman University - The George L. Argyros School of Business & Economics and Michigan State University - Department of Finance
Downloads 280 (182,331)
Citation 2

Abstract:

Loading...

Fiscal Policy, Consumption, Stock Returns

10.

Insurance Companies and the Propagation of Liquidity Shocks to the Real Economy

Downloads 252 (202,648)

Insurance Companies and the Propagation of Liquidity Shocks to the Real Economy

Number of pages: 50 Posted: 26 Aug 2020 Last Revised: 29 Jun 2023
Yubo Liu, Stefano Rossi and Hayong Yun
Xiamen University, Bocconi University and Michigan State University - Department of Finance
Downloads 252 (201,802)

Abstract:

Loading...

insurance companies, market liquidity, natural disasters, fire sales, reinsurance, public and private investment

Insurance Companies and the Propagation of Liquidity Shocks to the Real Economy

CEPR Discussion Paper No. DP16322
Number of pages: 125 Posted: 14 Jul 2021
Yubo Liu, Stefano Rossi and Hayong Yun
Xiamen University, Bocconi University and Michigan State University - Department of Finance
Downloads 0
  • Add to Cart

Abstract:

Loading...

11.

Family Feud: Succession Tournaments and Risk-taking in Family Firms

11th Annual Mid-Atlantic Research Conference in Finance (MARC)
Number of pages: 68 Posted: 14 Dec 2015 Last Revised: 14 May 2022
Jongsub Lee, Hojong Shin and Hayong Yun
Seoul National University, California State University, Long Beach and Michigan State University - Department of Finance
Downloads 244 (209,066)

Abstract:

Loading...

succession tournaments, business group, risk shifting, family composition, sons, daughters, sons-in-law, sudden death of a group chairman, inheritance law

12.

Liquidity Backstop, Corporate Borrowings, and Real Effects

AFA 2013 San Diego Meetings Paper
Number of pages: 69 Posted: 16 Mar 2012 Last Revised: 14 Aug 2013
Pengjie Gao and Hayong Yun
University of Notre Dame - Mendoza College of Business and Michigan State University - Department of Finance
Downloads 184 (271,813)
Citation 9

Abstract:

Loading...

public liquidity, commercial paper, financial crisis, government intervention

13.

Financial Reform and Public Good Provision: Municipal Bankruptcy Law and the Financing of Hospitals

Downloads 168 (294,139)
Citation 2

Financial Reform and Public Good Provision: Municipal Bankruptcy Law and the Financing of Hospitals

Number of pages: 54 Posted: 04 Dec 2015 Last Revised: 19 Oct 2021
Stefano Rossi and Hayong Yun
Bocconi University and Michigan State University - Department of Finance
Downloads 167 (295,681)
Citation 3

Abstract:

Loading...

bankruptcy, Chapter 9, municipal bonds, hospitals

What Drives Financial Reform? Economics and Politics of the State-Level Adoption of Municipal Bankruptcy Laws

CEPR Discussion Paper No. DP10984
Number of pages: 53 Posted: 16 Dec 2015
Stefano Rossi and Hayong Yun
Bocconi University and Michigan State University - Department of Finance
Downloads 1 (1,066,665)
  • Add to Cart

Abstract:

Loading...

bankruptcy, Chapter 9, judicial efficiency, labor union, municipal bonds

14.

Executive Compensation in a Changing Environment: Cautious Investors and Sticky Contracts

Downloads 133 (355,684)
Citation 2

Executive Compensation in a Changing Environment: Cautious Investors and Sticky Contracts

Number of pages: 67 Posted: 15 Mar 2012
Thomas F. Cosimano, Adam L. Speight and Hayong Yun
University of Notre Dame, Georgia State University - Risk Management & Insurance Department and Michigan State University - Department of Finance
Downloads 74 (532,879)

Abstract:

Loading...

executive compensation, optimal contracts, moral hazard, strategic experimentation

Executive Compensation in a Changing Environment: Cautious Investors and Sticky Contracts

Number of pages: 67 Posted: 21 Dec 2011
Thomas F. Cosimano, Adam L. Speight and Hayong Yun
University of Notre Dame, Georgia State University - Risk Management & Insurance Department and Michigan State University - Department of Finance
Downloads 59 (602,334)
Citation 2

Abstract:

Loading...

15.

The Full Story of Runs

Number of pages: 59 Posted: 25 May 2017 Last Revised: 06 Dec 2017
Jun Kyung Auh, Jun Kyung Auh and Hayong Yun
Georgetown University - Department of FinanceYonsei University - School of Business and Michigan State University - Department of Finance
Downloads 124 (374,905)

Abstract:

Loading...

Bank Run, Collateral Requirement, Lending Relationship

16.

Lottery Tax Windfalls, State-Level Fiscal Policy, and Consumption

Number of pages: 19 Posted: 10 Jul 2013
Zhi Da, Mitch Warachka and Hayong Yun
University of Notre Dame - Mendoza College of Business, Chapman University - The George L. Argyros School of Business & Economics and Michigan State University - Department of Finance
Downloads 57 (602,203)
Citation 1

Abstract:

Loading...

Lotteries, Fiscal Policy, Consumption

17.

Learning Production Process Heterogeneity Across Industries: Implications of Deep Learning for Corporate M&A Decisions

Number of pages: 48 Posted: 28 Dec 2022
Jongsub Lee and Hayong Yun
Seoul National University and Michigan State University - Department of Finance
Downloads 53 (622,815)

Abstract:

Loading...

Deep learning, production process heterogeneity, M&A’s, integration synergy, the boundaries of the firm.

18.

Algorithms and Fairness in Lending Markets: When Do Humans and Machines Disagree?

Number of pages: 54 Posted: 09 Nov 2022
Tong-yob Nam and Hayong Yun
Office of the Comptroller of the Currency, U.S. Department of the Treasury and Michigan State University - Department of Finance
Downloads 46 (662,094)

Abstract:

Loading...

fair lending, machine learning, anomaly detection, generative adversarial network.

19.

Online Appendix for “Family Feud: Succession Tournaments and Risk-taking in Family Firms”

Number of pages: 21 Posted: 14 May 2022
Jongsub Lee, Hojong Shin and Hayong Yun
Seoul National University, California State University, Long Beach and Michigan State University - Department of Finance
Downloads 33 (747,805)

Abstract:

Loading...

uccession tournaments, business group, risk shifting, family composition, sons, daughters, sons-in-law, sudden death of a group chairman, inheritance law