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

34

DOWNLOADS
Rank 3,281

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Top 3,281

in Total Papers Downloads

11,612

SSRN CITATIONS
Rank 1,471

SSRN RANKINGS

Top 1,471

in Total Papers Citations

301

CROSSREF CITATIONS

403

Scholarly Papers (34)

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1.

International GAAP Differences: The Impact on Foreign Analysts

Downloads 1,421 ( 13,149)
Citation 71

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 - Queen's School of Business
Downloads 827 (28,980)

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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 - Queen's School of Business
Downloads 594 (45,438)
Citation 72

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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 Technological University (NTU) - Nanyang Business School and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 900 (26,107)
Citation 11

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3.

A New Approach to Measuring Financial Contagion

Downloads 858 ( 27,916)
Citation 32

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 - Samuel Curtis Johnson Graduate School of Management and Ohio State University (OSU) - Department of Finance
Downloads 817 (29,425)
Citation 28

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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: 19 Oct 2010
Kee-Hong Bae, George Andrew Karolyi and René M. Stulz
York University - Schulich School of Business, Cornell University - Samuel Curtis Johnson Graduate School of Management and Ohio State University (OSU) - Department of Finance
Downloads 41 (442,476)

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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 & Technology (HKUST) - Department of Finance
Downloads 809 (30,337)
Citation 35

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

5.

Limit Orders, Depth, and Volatility

Downloads 689 ( 37,767)
Citation 2

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 689 (37,191)
Citation 2

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Limit Orders, Depth, and Volatility

As published in Journal of Finance
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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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 Technological University (NTU) - Nanyang Business School and School of Finance, Shanghai University of Finance and Economics (SUFE)
Downloads 685 (38,036)
Citation 3

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

7.

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 Technological University (NTU) - Nanyang Business School and Wilfrid Laurier University - Lazaridis School of Business & Economics
Downloads 610 (44,436)
Citation 7

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Capital structure, stakeholder, employee treatment

8.

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

Downloads 570 ( 48,587)
Citation 134

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 514 (54,706)
Citation 10

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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: 27 Jul 2009
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 56 (386,115)
Citation 1

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9.

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 472 (61,591)

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

10.

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

Journal of Banking and Finance, Forthcoming
Number of pages: 61 Posted: 27 Apr 2017 Last Revised: 22 Dec 2019
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 396 (76,139)
Citation 4

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

11.

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 Technological University (NTU) - Nanyang Business School and Wilfrid Laurier University - Lazaridis School of Business & Economics
Downloads 387 (78,133)
Citation 2

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Credit rating, competition, rating quality

12.

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 343 (89,832)
Citation 11

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13.

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 331 (93,471)
Citation 6

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skewness, risk sharing, discretionary disclosure

14.

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 295 (106,068)
Citation 2

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

15.

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 282 (111,234)
Citation 4

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Investor behavior, Momentum, Foreign investors, Performance

16.

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 278 (113,016)
Citation 18

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Stock market liberalization, international portfolio flows, emerging markets

17.

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 266 (118,366)
Citation 12

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

18.

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 Technological University (NTU) - Nanyang Business School and Korea University Business School (KUBS)
Downloads 266 (118,366)
Citation 5

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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

19.

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

Downloads 261 (120,676)
Citation 2

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 251 (125,103)
Citation 2

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trade performance, equity trading, heterogeneous investor

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

International Review of Finance, Vol. 6, No. 3-4, pp. 129-155, September/December 2006
Number of pages: 27 Posted: 09 Jan 2008
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 10 (625,993)
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20.

Restricting CEO Pay Backfires: Evidence from China

Number of pages: 59 Posted: 08 Dec 2017 Last Revised: 14 Nov 2019
Kee-Hong Bae, Zhaoran Gong and Wilson Tong
York University - Schulich School of Business, Hong Kong Polytechnic University - School of Accounting and Finance and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 254 (124,238)
Citation 1

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executive compensation; pay restriction; perk consumption; tunnelling

21.

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 247 (127,807)

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

22.

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 & Technology (HKUST) - Department of Finance
Downloads 220 (143,220)

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

23.

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 182 (170,773)

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24.

Why Are CEOs of Public Firms Paid More Than CEOs of Private Firms? Evidence from the Effect of Board Reforms on CEO Compensation

Number of pages: 50 Posted: 03 May 2019
Kee-Hong Bae, Sadok El Ghoul, Jisok Kang and Albert Tsang
York University - Schulich School of Business, University of Alberta - Campus Saint-Jean, John Carroll University - Department of Economics & Finance and Hong Kong Polytechnic University
Downloads 138 (215,824)

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CEO Compensation, Corporate Board Reform, Private Firms, Efficient Contracting, Rent Extraction

25.

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 137 (217,171)

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Nonprofit, Governance, Expropriation, Donation, Private University

26.

Which Analysts to Believe? Analysts’ Conflicts of Interest and Societal Trust

Number of pages: 43 Posted: 11 Jan 2015 Last Revised: 17 Nov 2016
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 132 (223,672)

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Societal trust; analyst; conflicts of interest; earnings forecast; recommendation; market reaction

27.

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 86 (301,044)
Citation 1

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Credit Rating, Competition, Ratings Inflation, Canadian Rating Agency

28.

Nominal Stock Price Anchors: A Global Phenomenon?

Downloads 76 (324,096)

Nominal Stock Price Anchors: A Global Phenomenon?

Journal of Financial Markets, Forthcoming
Number of pages: 32 Posted: 12 Nov 2018
Kee-Hong Bae, Utpal Bhattacharya, Jisok Kang and Ghon Rhee
York University - Schulich School of Business, Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management, John Carroll University - Department of Economics & Finance and University of Hawaii at Manoa
Downloads 48 (414,365)

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

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, Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management, John Carroll University - Department of Economics & Finance and University of Hawaii - Shidler College of Business
Downloads 28 (505,998)

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

29.

The Value-Relevance of Earnings and Book Value, Ownership Structure, and Business Group Affiliation: Evidence from Korean Business Groups

Journal of Business Finance & Accounting, Vol. 34, Nos. 5-6, pp. 740-766, June/July 2007
Number of pages: 27 Posted: 11 Jul 2007
Kee-Hong Bae and Seok Woo Jeong
York University - Schulich School of Business and Korea University - Department of Accounting
Downloads 14 (574,786)
Citation 1
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30.

The Impact of the Short-Short Rule Repeal on the Timing Ability of Mutual Funds

Journal of Business Finance & Accounting, Vol. 35, Issue 7-8, pp. 969-997, September/October 2008
Number of pages: 29 Posted: 02 Oct 2008
Kee-Hong Bae and Junesuh Yi
York University - Schulich School of Business and Dongguk University
Downloads 5 (634,248)
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31.

Is Firm‐Specific Return Variation a Measure of Information Efficiency?

International Review of Finance, Vol. 13, Issue 4, pp. 407-445, 2013
Number of pages: 39 Posted: 10 Dec 2013
Kee-Hong Bae, Jin-Mo Kim and Yang Ni
York University - Schulich School of Business, Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick and Shanghai Jiao Tong University (SJTU)
Downloads 1 (670,653)
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32.

Family Control and Expropriation at Not‐For‐Profit Organizations: Evidence from Korean Private Universities

Corporate Governance: An International Review, Vol. 20, Issue 4, pp. 388-404, 2012
Number of pages: 17 Posted: 12 Jun 2012
Kee-Hong Bae, Seung‐Bo Kim and Woochan Kim
York University - Schulich School of Business, affiliation not provided to SSRN and Korea University Business School
Downloads 1 (670,653)
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Corporate Governance, Non‐profits, Expropriation, Donations, Private University

33.

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

Journal of Finance, Vol. 57, pp. 2695-2740, 2002
Posted: 02 Aug 2003
Kee-Hong Bae, Jun-Koo Kang and Jin-Mo Kim
York University - Schulich School of Business, Nanyang Technological University (NTU) - Nanyang Business School and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

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34.

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 (CityUHK) - Department of Economics & Finance

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