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

38

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14,311

SSRN CITATIONS
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Top 1,280

in Total Papers Citations

536

CROSSREF CITATIONS

408

Scholarly Papers (38)

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1.

International GAAP Differences: The Impact on Foreign Analysts

Downloads 1,513 ( 17,520)
Citation 79

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 856 (39,493)

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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 657 (56,139)
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 956 (34,307)
Citation 13

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3.

A New Approach to Measuring Financial Contagion

Downloads 920 ( 36,235)
Citation 31

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 839 (40,602)
Citation 27

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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: 04 Apr 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 81 (416,799)
Citation 8

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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, Vidhan K. Goyal and Vidhan K. Goyal
York University - Schulich School of Business and HKUSTHong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 854 (40,166)
Citation 59

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

5.

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 722 (50,281)
Citation 8

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

6.

Limit Orders, Depth, and Volatility

Downloads 720 ( 50,442)
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 720 (49,788)
Citation 2

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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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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 Business School, Nanyang Technological University and Wilfrid Laurier University - Lazaridis School of Business & Economics
Downloads 690 (53,409)
Citation 27

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Capital structure, stakeholder, employee treatment

8.

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

Journal of Corporate Finance, Forthcoming
Number of pages: 47 Posted: 09 Nov 2020 Last Revised: 09 Jan 2021
Kee-Hong Bae, Sadok El Ghoul, Jason Gong and Omrane Guedhami
York University - Schulich School of Business, University of Alberta - Campus Saint-Jean, Lingnan University and University of South Carolina - Moore School of Business
Downloads 685 (53,940)
Citation 8

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

9.

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

Downloads 626 ( 60,518)
Citation 158

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 556 (69,536)
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 70 (452,987)
Citation 4

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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, 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 524 (75,725)
Citation 11

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

11.

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 505 (79,250)
Citation 2

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

12.

Restricting CEO Pay Backfires: Evidence from China

European Corporate Governance Institute – Finance Working Paper No. 670/2020
Number of pages: 75 Posted: 08 Dec 2017 Last Revised: 04 May 2021
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 504 (79,440)
Citation 1

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executive compensation; pay restriction; perk consumption; tunnelling

13.

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 440 (93,316)
Citation 4

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Credit rating, competition, rating quality

14.

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 419 (98,782)
Citation 2

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

15.

Board Reforms and Dividend Policy: International Evidence

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 46 Posted: 03 Mar 2020 Last Revised: 18 May 2020
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 389 (107,636)
Citation 4

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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 368 (114,588)
Citation 20

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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 342 (124,276)
Citation 7

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skewness, risk sharing, discretionary disclosure

18.

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 309 (138,312)
Citation 2

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

19.

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 298 (143,612)
Citation 18

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

20.

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 296 (144,629)
Citation 73

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Stock market liberalization, international portfolio flows, emerging markets

21.

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 294 (145,630)
Citation 4

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Investor behavior, Momentum, Foreign investors, Performance

22.

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

Downloads 284 (150,978)
Citation 3

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 274 (155,763)
Citation 3

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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 (820,175)

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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 275 (155,882)
Citation 2

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24.

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 272 (157,703)
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

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 268 (160,058)

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

26.

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, Vidhan K. Goyal and Vidhan K. Goyal
York University - Schulich School of Business and HKUSTHong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 243 (176,193)
Citation 5

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

27.

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 203 (208,787)
Citation 1

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

28.

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 156 (261,816)

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Nonprofit, Governance, Expropriation, Donation, Private University

29.

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 118 (324,007)

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Credit Rating, Competition, Ratings Inflation, Canadian Rating Agency

30.

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 53 (511,615)

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

31.

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 29 (636,465)
Citation 1

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

32.

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 15 (743,796)
Citation 4

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33.

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 13 (761,937)

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Chaebol; Mergers and acquisitions; Tunneling

34.

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 (841,300)

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35.

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 2 (877,419)

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36.

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 (891,892)

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Corporate Governance, Non‐profits, Expropriation, Donations, Private University

37.

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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38.

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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