Kee-Hong Bae

York University - Schulich School of Business

Professor

4700 Keele Street

Toronto, Ontario M3J 1P3

Canada

  • York University - Schulich School of Business

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    • Tel: 416-736-2100 ext) 20248
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SCHOLARLY PAPERS

37

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15,809

SSRN CITATIONS
Rank 1,172

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Top 1,172

in Total Papers Citations

904

CROSSREF CITATIONS

376

Scholarly Papers (37)

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1.

International GAAP Differences: The Impact on Foreign Analysts

Downloads 1,580 (20,375)
Citation 96

International GAAP Differences: The Impact on Foreign Analysts

Accounting Review, 2008
Number of pages: 40 Posted: 04 Dec 2007
Kee-Hong Bae, Hongping Tan and Michael Welker
York University - Schulich School of Business, McGill University and Queen's University - Smith School of Business
Downloads 885 (46,498)

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GAAP differences, accounting standard, analyst following, forecast accuracy, harmonization

International Gaap Differences - the Impact on Foreign Analysts

CAAA 2006 Annual Conference Paper
Number of pages: 60 Posted: 05 Jan 2006
Kee-Hong Bae, Hongping Tan and Michael Welker
York University - Schulich School of Business, McGill University and Queen's University - Smith School of Business
Downloads 695 (64,352)
Citation 78

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GAAP differences, foreign analyst following, forecast accuracy

2.

Tunneling or Value Addition? Evidence from Mergers by Korean Business Groups

Number of pages: 56 Posted: 14 Nov 2000
Kee-Hong Bae, Jun-Koo Kang and Jin-Mo Kim
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 988 (40,524)
Citation 13

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3.

A New Approach to Measuring Financial Contagion

Downloads 975 (41,259)
Citation 54

A New Approach to Measuring Financial Contagion

Dice Center Working Paper No. 2000-13
Number of pages: 56 Posted: 08 Nov 2000
Kee-Hong Bae, George Andrew Karolyi and René M. Stulz
York University - Schulich School of Business, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 860 (48,385)
Citation 22

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A New Approach to Measuring Financial Contagion

NBER Working Paper No. w7913
Number of pages: 57 Posted: 29 Sep 2000 Last Revised: 17 Aug 2022
Kee-Hong Bae, George Andrew Karolyi and René M. Stulz
York University - Schulich School of Business, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 115 (410,884)
Citation 35

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4.

Creditor Rights, Enforcement, and Bank Loans

Number of pages: 53 Posted: 08 Aug 2003 Last Revised: 28 Sep 2008
Kee-Hong Bae and Vidhan K. Goyal
York University - Schulich School of Business and Hong Kong University of Science and Technology
Downloads 886 (47,114)
Citation 59

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property rights, creditor rights, law, enforcement, investor protection, loan spreads, syndicate structure

5.

Does CSR Matter in Times of Crisis? Evidence from the COVID-19 Pandemic  

Journal of Corporate Finance
Number of pages: 47 Posted: 09 Nov 2020 Last Revised: 27 Mar 2023
Kee-Hong Bae, Sadok El Ghoul, Zhaoran Gong and Omrane Guedhami
York University - Schulich School of Business, University of Alberta - Campus Saint-Jean, Xi'an Jiaotong-Liverpool University (XJTLU) - International Business School Suzhou and University of South Carolina - Moore School of Business
Downloads 804 (53,810)
Citation 42

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Stakeholder welfare vs. shareholder value; Corporate social responsibility; Stock return performance; COVID-19 crisis; Valuation channels

6.

Do Controlling Shareholders’ Expropriation Incentives Imply a Link between Corporate Governance and Firm Value? Theory and Evidence

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 59 Posted: 16 Nov 2011
Kee-Hong Bae, Jae-Seung Baek, Jun-Koo Kang and Wei-Lin Liu
York University - Schulich School of Business, Hankuk University of Foreign Studies - Department of International Finance, Nanyang Business School, Nanyang Technological University and School of Finance, Shanghai University of Finance and Economics (SUFE)
Downloads 769 (57,124)
Citation 8

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Expropriation, Corporate governance, Firm value, Korean financial crisis, Chaebol, Ownership structure, Controlling shareholder, Cash flow rights, Control rights

7.

Limit Orders, Depth, and Volatility

Downloads 759 (58,143)

Limit Orders, Depth, and Volatility

Number of pages: 39 Posted: 28 Jul 1999
Hee-Joon Ahn, Kee-Hong Bae and Kalok Chan
Sookmyung Women's University - Division of Business Administration, York University - Schulich School of Business and CUHK Business School
Downloads 759 (57,312)
Citation 1

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Limit Orders, Depth, and Volatility

Posted: 25 Jan 2001
Kee-Hong Bae, Hee-Joon Ahn and Kalok Chan
York University - Schulich School of Business, Sookmyung Women's University - Division of Business Administration and CUHK Business School

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8.

Employee Treatment and Firm Leverage: A Test of the Stakeholder Theory of Capital Structure

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 62 Posted: 18 May 2010
Kee-Hong Bae, Jun-Koo Kang and Jin Wang
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University and Wilfrid Laurier University - Lazaridis School of Business & Economics
Downloads 733 (60,876)
Citation 27

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Capital structure, stakeholder, employee treatment

9.

Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts

Downloads 668 (68,693)
Citation 205

Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 13 Oct 2005
Kee-Hong Bae, Hongping Tan and René M. Stulz
York University - Schulich School of Business, McGill University and Ohio State University (OSU) - Department of Finance
Downloads 583 (80,449)
Citation 29

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Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts

NBER Working Paper No. w11697
Number of pages: 44 Posted: 20 Dec 2005 Last Revised: 19 Jun 2022
Kee-Hong Bae, Hongping Tan and René M. Stulz
York University - Schulich School of Business, McGill University and Ohio State University (OSU) - Department of Finance
Downloads 85 (506,195)
Citation 9

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10.

Does Corporate Social Responsibility Reduce the Costs of High Leverage? Evidence from Capital Structure and Product Market Interactions

Journal of Banking and Finance
Number of pages: 61 Posted: 27 Apr 2017 Last Revised: 07 Mar 2023
Kee-Hong Bae, Sadok El Ghoul, Omrane Guedhami, Chuck C.Y. Kwok and Ying Zheng
York University - Schulich School of Business, University of Alberta - Campus Saint-Jean, University of South Carolina - Moore School of Business, University of South Carolina - Darla Moore School of Business and Bryant University
Downloads 613 (76,526)
Citation 19

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Corporate social responsibility; Costs of high leverage; Stakeholder theory of capital structure

11.

Restricting CEO Pay Backfires: Evidence from China

Forthcoming in Journal of Business Finance and Accounting, European Corporate Governance Institute – Finance Working Paper No. 670/2020
Number of pages: 71 Posted: 08 Dec 2017 Last Revised: 17 Jul 2023
Kee-Hong Bae, Zhaoran Gong and Wilson Tong
York University - Schulich School of Business, Xi'an Jiaotong-Liverpool University (XJTLU) - International Business School Suzhou and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 609 (77,148)
Citation 1

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executive compensation; pay restriction; perk consumption; tunnelling

12.

What's in a 'China' Name? A Test of Investor Attention Hypothesis

Financial Management, Forthcoming
Number of pages: 43 Posted: 29 May 2009 Last Revised: 02 Dec 2011
Kee-Hong Bae and Wei Wang
York University - Schulich School of Business and Queen's University - Smith School of Business
Downloads 522 (93,555)
Citation 4

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China-name Stocks, Investor Attention, Initial Public Offering, American Depositary Receipt

13.

Why is Stock Market Concentration Bad for the Economy?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 60 Posted: 22 Aug 2020 Last Revised: 24 Jan 2022
Kee-Hong Bae, Warren Bailey and Jisok Kang
York University - Schulich School of Business, Cornell University and John Carroll University - Department of Economics & Finance
Downloads 512 (95,772)
Citation 8

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Stock Market Concentration, Capital Allocation, IPO, Innovation, Economic Growth

14.

Board Reforms and Dividend Policy: International Evidence

Journal of Financial and Quantitative Analysis
Number of pages: 46 Posted: 03 Mar 2020 Last Revised: 16 Sep 2023
Kee-Hong Bae, Sadok El Ghoul, Omrane Guedhami and Xiaolan Zheng
York University - Schulich School of Business, University of Alberta - Campus Saint-Jean, University of South Carolina - Moore School of Business and University of Nottingham, Ningbo China -Nottingham University Business School China
Downloads 488 (101,536)
Citation 4

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15.

Does Increased Competition Affect Credit Ratings? A Reexamination of the Effect of Fitch's Market Share on Credit Ratings in the Corporate Bond Market

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 50 Posted: 05 Sep 2013 Last Revised: 14 Oct 2013
Kee-Hong Bae, Jun-Koo Kang and Jin Wang
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University and Wilfrid Laurier University - Lazaridis School of Business & Economics
Downloads 465 (107,577)
Citation 12

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Credit rating, competition, rating quality

16.

Investibility and Return Volatility in Emerging Equity Markets

Number of pages: 36 Posted: 25 Jul 2003
Kee-Hong Bae, Kalok Chan and Angela Ng
York University - Schulich School of Business, CUHK Business School and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 387 (133,140)
Citation 26

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17.

Corporate Governance and Conditional Skewness in the World's Stock Markets

Asian Institute of Corporate Governance at Korea University Working Paper
Number of pages: 47 Posted: 24 Jul 2003
Kee-Hong Bae, K.C. John Wei and Chan-Woo Lim
York University - Schulich School of Business, Hong Kong Polytechnic University and Korea University Business School (KUBS)
Downloads 357 (145,548)
Citation 9

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skewness, risk sharing, discretionary disclosure

18.

Do Foreigners Facilitate Information Transmission in Emerging Markets?

Journal of Financial Economics. Forthcoming
Number of pages: 47 Posted: 27 Feb 2007 Last Revised: 14 Mar 2012
Kee-Hong Bae, Arzu Ozoguz, Hongping Tan and Tony S. Wirjanto
York University - Schulich School of Business, University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School, McGill University and University of Waterloo - School of Accounting and Finance
Downloads 327 (160,020)
Citation 34

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lead-lag cross-autocorrelations, information diffusion, price delay, foreign investment, emerging markets

19.

The Latin Monetary Union: Some Evidence on Europe's Failed Common Currency

Review of Development Finance, Vol. 1, pp. 131-149, 2011
Number of pages: 53 Posted: 05 Aug 2003 Last Revised: 25 May 2011
Kee-Hong Bae and Warren Bailey
York University - Schulich School of Business and Cornell University
Downloads 326 (160,528)
Citation 2

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Currency union, European Monetary Union, EMU, Latin Monetary Union

20.

Do Credit Rating Agencies Inflate Their Ratings? A Review

Journal of Financial Transformation, Forthcoming
Number of pages: 29 Posted: 07 Mar 2017
Kee-Hong Bae, Hamdi Driss and Gordon S. Roberts
York University - Schulich School of Business, Saint Mary's University and York University - Schulich School of Business
Downloads 315 (166,471)
Citation 5

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21.

Stock Market Liberalization and the Information Environment

Number of pages: 51 Posted: 17 May 2004
Kee-Hong Bae, Warren Bailey and Connie X. Mao
York University - Schulich School of Business, Cornell University and Temple University - Fox School of Business and Management
Downloads 315 (166,471)
Citation 73

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Stock market liberalization, international portfolio flows, emerging markets

22.

How Do Foreigners Profit from Local Investors? Evidence from Trades in the Japanese Stock Market

Number of pages: 43 Posted: 12 Sep 2001
Kee-Hong Bae, Keiichi Ito and Takeshi Yamada
York University - Schulich School of Business, Nomura Holdings, Inc. (NHI) - Nomura Securities Co., Ltd. and Australian National University (ANU)
Downloads 309 (169,880)
Citation 4

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Investor behavior, Momentum, Foreign investors, Performance

23.

The Value of Durable Bank Relationships: Evidence from Korean Banking Shocks

Number of pages: 46 Posted: 10 Jan 2001
Kee-Hong Bae, Jun-Koo Kang and Chan-Woo Lim
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University and Korea University Business School (KUBS)
Downloads 286 (184,139)
Citation 10

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Exogenous events, Bank, Durable bank relationship, Financial health of banks, Main bank, Bank-centered financial systems, Firm value, Bank distress, Nonperforming loan ratio, Banking shocks, Firm characteristics

24.

How do Individual, Institutional, and Foreign Investors Win and Lose in Equity Trades? Evidence from Japan

Number of pages: 38 Posted: 13 Feb 2004
Kee-Hong Bae, Takeshi Yamada and Keiichi Ito
York University - Schulich School of Business, Australian National University (ANU) and Nomura Holdings, Inc. (NHI) - Nomura Securities Co., Ltd.
Downloads 280 (188,165)
Citation 3

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trade performance, equity trading, heterogeneous investor

25.

Interaction of Investor Trades and Market Volatility: Evidence from the Tokyo Stock Exchange

Number of pages: 33 Posted: 07 Aug 2007
Kee-Hong Bae, Takeshi Yamada and Keiichi Ito
York University - Schulich School of Business, Australian National University (ANU) and Nomura Holdings, Inc. (NHI) - Nomura Securities Co., Ltd.
Downloads 276 (190,930)

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market liquidity, volatility, momentum traders, contrarian traders, trading volume

26.

Societal Trust and the Informativeness of Analyst Research

Number of pages: 45 Posted: 11 Jan 2015 Last Revised: 04 May 2020
Kee-Hong Bae, Kiridaran (Giri) Kanagaretnam and Hongping Tan
York University - Schulich School of Business, York University - Schulich School of Business and McGill University
Downloads 256 (205,923)

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Societal trust, informal institutions, analyst research, conflicts of interest, informativeness, market reactions

27.

Equity Market Liberalization and Corporate Governance

Journal of Corporate Finance, Vol. 16, No. 5, 2010
Number of pages: 43 Posted: 03 Sep 2010 Last Revised: 25 Jul 2014
Kee-Hong Bae and Vidhan K. Goyal
York University - Schulich School of Business and Hong Kong University of Science and Technology
Downloads 256 (205,923)
Citation 9

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equity market liberalization, risk sharing, cost of capital, corporate governance

28.

In the CEO We Trust: Negative Effects of Trust between the Board and the CEO

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 68 Posted: 20 Mar 2023 Last Revised: 05 Apr 2023
Kee-Hong Bae, Sadok El Ghoul, Zhaoran Gong and Omrane Guedhami
York University - Schulich School of Business, University of Alberta - Campus Saint-Jean, Xi'an Jiaotong-Liverpool University (XJTLU) - International Business School Suzhou and University of South Carolina - Moore School of Business
Downloads 179 (287,212)

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Board of Directors, Board–CEO Trust, Corporate Board Governance, Mergers and Acquisition

29.

Family Control and Expropriation of Not-for-Profit Organizations: Evidence from Korean Private Universities

KDI School of Public Policy & Management Paper No. 06-01
Number of pages: 47 Posted: 07 Dec 2006 Last Revised: 27 Jan 2011
Kee-Hong Bae, Seung-Bo Kim and Woochan Kim
York University - Schulich School of Business, Korea Research Institute for Vocational Education and Training and Korea University Business School
Downloads 168 (303,382)

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Nonprofit, Governance, Expropriation, Donation, Private University

30.

Does Competition Affect Ratings Quality? Evidence from Canadian Corporate Bonds

Journal of Corporate Finance, Forthcoming
Number of pages: 55 Posted: 10 Mar 2018 Last Revised: 22 Dec 2019
Kee-Hong Bae, Hamdi Driss and Gordon S. Roberts
York University - Schulich School of Business, Saint Mary's University and York University - Schulich School of Business
Downloads 136 (360,722)

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Credit Rating, Competition, Ratings Inflation, Canadian Rating Agency

31.

Relative Industry Valuation and Cross-Border Listing

Journal of Banking and Finance, Forthcoming
Number of pages: 63 Posted: 06 Feb 2018 Last Revised: 17 Jul 2020
Kee-Hong Bae, Yi Ding and Xiaoqiao Wang
York University - Schulich School of Business, Chinese University of Hong Kong, Shenzhen and The Chinese University of Hong Kong, Shenzhen
Downloads 72 (552,018)

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Cross-listing; Industry Segmentation; Relative Industry Valuation; Valuation Gains

32.

Ferreting Out Growth Through Cross-Border Mergers and Acquisitions

Nanyang Business School Research Paper No. 23-10
Number of pages: 57 Posted: 17 Apr 2023 Last Revised: 18 May 2023
Kee-Hong Bae, Jun-Koo Kang, Xiaoqiao Wang and Nan Xiong
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University, The Chinese University of Hong Kong, Shenzhen and Durham University
Downloads 70 (560,522)

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Cross-border mergers and acquisitions, Relative industry growth, Synergy, Valuation effect, Long-term post-M&A performance

33.

Do Stock Prices Affect Real Decisions? Evidence from the Effects of the Inevitable Disclosure Doctrine on Investment-q Sensitivity

Number of pages: 52 Posted: 18 Jun 2023
Kee-Hong Bae, Yunhao Dai, Weiqiang Tan and Weiqiang Tan
York University - Schulich School of Business, Huazhong University of Science and Technology and Education University of Hong KongThe Education University of Hong Kong
Downloads 55 (632,470)

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feedback effect; investment-q sensitivity; price informativeness; inevitable disclosure doctrine (IDD); trade secrets protection

34.

Nominal Stock Price Anchors: A Global Phenomenon?

HKUST IEMS Working Paper No. 2019-64
Number of pages: 34 Posted: 15 Jul 2019
Kee-Hong Bae, Utpal Bhattacharya, Jisok Kang and S. Ghon Rhee
York University - Schulich School of Business, HKUST Business School, John Carroll University - Department of Economics & Finance and University of Hawaii at Manoa - Shidler College of Business
Downloads 39 (729,732)
Citation 3

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anchoring, norms, nominal share price, stock splits, reverse stock splits

35.

Value-destroying Mergers: Evidence from Korean Business Groups

Asia-Pacific Journal of Financial Studies (2021) 50, 589–622
Number of pages: 47 Posted: 08 Apr 2022
Kee-Hong Bae and KyungHyun Kim
York University - Schulich School of Business and affiliation not provided to SSRN
Downloads 29 (804,754)

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Chaebol; Mergers and acquisitions; Tunneling

36.

Tunneling or Value Added? Evidence from Mergers by Korean Business Groups

Posted: 02 Aug 2003
Kee-Hong Bae, Jun-Koo Kang and Jin-Mo Kim
York University - Schulich School of Business, Nanyang Business School, Nanyang Technological University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

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37.

Bid-Ask Spread and Arbitrage Profitability: A Study of the Hong Kong Index Futures and Options Market

Posted: 12 Dec 1996
Kee-Hong Bae, Kalok Chan and Stephen Yan-Leung Cheung
York University - Schulich School of Business, CUHK Business School and City University of Hong Kong (CityU) - Department of Economics & Finance

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