Jongsub Lee

University of Florida - Warrington College of Business Administration

Assistant Professor

Department of Finance Insurance & Real Estate

P.O. Box 117168

Gainesville, FL 32611-7168

United States

SCHOLARLY PAPERS

19

DOWNLOADS
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SSRN RANKINGS

Top 7,679

in Total Papers Downloads

5,886

SSRN CITATIONS
Rank 17,226

SSRN RANKINGS

Top 17,226

in Total Papers Citations

9

CROSSREF CITATIONS

38

Scholarly Papers (19)

1.

The Wisdom of Crowds in FinTech: Evidence from Initial Coin Offerings

Number of pages: 81 Posted: 21 Jun 2018 Last Revised: 12 Sep 2019
Jongsub Lee, Tao Li and Donghwa Shin
University of Florida - Warrington College of Business Administration, University of Florida - Department of Finance, Insurance and Real Estate and University of North Carolina at Chapel Hill, Kenan-Flagler Business School
Downloads 909 (25,174)
Citation 13

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ICO, FinTech, Wisdom of Crowds, Information Cascade, Fundraising Success, Underpricing, Long-run Performance

2.

Social Networks in the Global Banking Sector

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 70 Posted: 02 Jul 2013 Last Revised: 08 Oct 2017
Joel F. Houston, Jongsub Lee and Felix Suntheim
University of Florida - Department of Finance, Insurance and Real Estate, University of Florida - Warrington College of Business Administration and International Monetary Fund (IMF) - Monetary and Capital Markets Department
Downloads 541 (50,556)
Citation 2

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Top global banks, director social networks, pairwise connection, network centrality, loan syndication, systemic risk, IFRS, bank regulation, financial crisis

3.

CDS Momentum: Slow Moving Credit Ratings and Cross-Market Spillovers

Number of pages: 63 Posted: 13 Apr 2014 Last Revised: 17 Aug 2019
Jongsub Lee, Andy Naranjo and Stace Sirmans
University of Florida - Warrington College of Business Administration, University of Florida - Warrington College of Business Administration and Auburn University
Downloads 503 (55,464)
Citation 5

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Credit default swaps; CDS returns; Credit ratings; Momentum; Spillover; Endogenous liquidity; Credit risk; Information flows

4.

On the Financial Efficiency and Control in Business Groups

Number of pages: 73 Posted: 07 Apr 2010 Last Revised: 04 Jul 2011
Jongsub Lee
University of Florida - Warrington College of Business Administration
Downloads 459 (62,228)
Citation 3

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Control benefits, internal capital, capital structure, dividends, pyramid, horizontal structure, chaebols

5.

When do CDS Spreads Lead? Rating Events, Private Entities, and Firm-specific Information Flows

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 81 Posted: 31 Mar 2017 Last Revised: 01 Jun 2018
Jongsub Lee, Andy Naranjo and Guner Velioglu
University of Florida - Warrington College of Business Administration, University of Florida - Warrington College of Business Administration and Loyola University Chicago - Department of Finance
Downloads 376 (78,860)
Citation 4

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CDS versus stocks and bonds, credit ratings, firm-specific credit information flow, lead-lag relations, private firms

Related Securities and the Cross-Section of Stock Return Momentum: Evidence From Credit Default Swaps (CDS)

Number of pages: 97 Posted: 09 Aug 2016 Last Revised: 03 Jan 2019
Jongsub Lee, Andy Naranjo and Stace Sirmans
University of Florida - Warrington College of Business Administration, University of Florida - Warrington College of Business Administration and Auburn University
Downloads 309 (97,902)

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Related securities, stock return momentum, momentum crashes, credit default swaps, multi-market momentum signals, aligned/misaligned momentum, asset return momentum, asset substitution, limits to arbitrage, crash risk management

Related Securities and the Cross-Section of Stock Return Momentum: Evidence From Credit Default Swaps (CDS)

Paris December 2016 Finance Meeting EUROFIDAI - AFFI
Number of pages: 98 Posted: 02 Jun 2016 Last Revised: 08 Aug 2018
Jongsub Lee, Andy Naranjo and Stace Sirmans
University of Florida - Warrington College of Business Administration, University of Florida - Warrington College of Business Administration and Auburn University
Downloads 55 (381,062)
Citation 1

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Related securities, stock return momentum, momentum crashes, credit default swaps, multi-market momentum signals, aligned/misaligned momentum, asset return momentum, asset substitution, limits to arbitrage, crash risk management.

Related Securities and the Cross-Section of Stock Return Momentum: Evidence From Credit Default Swaps (CDS)

Number of pages: 97 Posted: 09 Aug 2016
Jongsub Lee, Andy Naranjo and Stace Sirmans
University of Florida - Warrington College of Business Administration, University of Florida - Warrington College of Business Administration and Auburn University
Downloads 7 (633,583)

Abstract:

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Related securities, stock return momentum, momentum crashes, credit default swaps, multi-market momentum signals, aligned/misaligned momentum, asset return momentum, asset substitution, limits to arbitrage, crash risk management

Credit Default Swaps, Agency Problems, and Management Incentives

Number of pages: 42 Posted: 21 Nov 2017 Last Revised: 05 Jun 2018
Jongsub Lee, Junho Oh and David Yermack
University of Florida - Warrington College of Business Administration, University of Florida, Warrington College of Business Administration, Students and New York University (NYU) - Stern School of Business
Downloads 354 (83,941)

Abstract:

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credit default swaps, agency, CEO compensation

Credit Default Swaps, Agency Problems, and Management Incentives

NBER Working Paper No. w24064
Number of pages: 43 Posted: 06 Dec 2017
Jongsub Lee, Junho Oh and David Yermack
University of Florida - Warrington College of Business Administration, University of Florida, Warrington College of Business Administration, Students and New York University (NYU) - Stern School of Business
Downloads 8 (626,392)

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Exodus from Sovereign Risk: Global Asset and Information Networks in the Pricing of Corporate Credit Risk

Journal of Finance, Forthcoming
Number of pages: 60 Posted: 25 Jul 2015
Jongsub Lee, Andy Naranjo and Stace Sirmans
University of Florida - Warrington College of Business Administration, University of Florida - Warrington College of Business Administration and Auburn University
Downloads 243 (126,374)

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International CDS markets, corporate credit risk, sovereign risk, country risk, multinational corporations, asset geographic location, cross-listing, property rights, creditor rights, disclosure requirements, sovereign ceiling violations

Exodus from Sovereign Risk: Global Asset and Information Networks in the Pricing of Corporate Credit Risk

Number of pages: 60 Posted: 02 Nov 2015 Last Revised: 03 Nov 2015
Jongsub Lee, Andy Naranjo and Stace Sirmans
University of Florida - Warrington College of Business Administration, University of Florida - Warrington College of Business Administration and Auburn University
Downloads 107 (256,537)
Citation 3

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International CDS markets, corporate credit risk, sovereign risk, multinational corporations, asset geographic location, cross-listing, property rights, creditor rights, disclosure requirements, sovereign ceiling violations

9.

Birds of a Feather: Value Implications of Political Alignment between Top Management and Directors

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 48 Posted: 17 Mar 2012 Last Revised: 03 Mar 2014
Jongsub Lee, Kwang Lee and Nandu J. Nagarajan
University of Florida - Warrington College of Business Administration, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and University of Texas at Arlington
Downloads 305 (99,842)
Citation 1

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Political alignment between top management and directors; Firm value; Board independence; Managerial entrenchment; Corporate fraud

10.

The Information Value of Corporate Social Responsibility

Number of pages: 56 Posted: 12 Feb 2018 Last Revised: 01 Oct 2019
Kose John, Jongsub Lee and Ji Yeol Jimmy Oh
New York University (NYU) - Department of Finance, University of Florida - Warrington College of Business Administration and Hanyang University
Downloads 259 (118,826)

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Corporate social responsibility, stakeholder information revelation, cheap-talk game, endogenous information acquisition

11.

Competition, Capital Market Feedback, and Earnings Management: Evidence from Economic Deregulation

Number of pages: 51 Posted: 05 Nov 2013 Last Revised: 08 Aug 2016
Jongsub Lee and Xiaoding Liu
University of Florida - Warrington College of Business Administration and Texas A&M University - Department of Finance
Downloads 258 (119,288)
Citation 1

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Product market competition, economic deregulation, earnings manipulation, corporate fraud, shareholder short-termism, firm survival

Credit Default Swaps Around the World: Investment and Financing Effects

Number of pages: 74 Posted: 22 Apr 2018 Last Revised: 05 Mar 2019
Warwick Business School - Department of Finance, University of North Carolina Kenan-Flagler Business School, University of Florida - Warrington College of Business Administration and New York University (NYU) - Department of Finance
Downloads 164 (182,981)
Citation 3

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Credit default swaps, CDS, investment policy, financing policy, creditor rights, property rights, private credit, ownership concentration

Credit Default Swaps Around the World: Investment and Financing Effects

Kenan Institute of Private Enterprise Research Paper No. 18-21
Number of pages: 74 Posted: 28 Aug 2018 Last Revised: 05 Mar 2019
Warwick Business School - Department of Finance, University of North Carolina Kenan-Flagler Business School, University of Florida - Warrington College of Business Administration and New York University (NYU) - Department of Finance
Downloads 61 (361,672)
Citation 2

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Credit Default Swaps, Cds, Investment Policy, Financing Policy, Creditor Rights, Property Rights, Private Credit, Ownership Concentration

13.

In Search of Board Independence: Former Employees, Shades of Gray and Director Classifications Revisited

Number of pages: 61 Posted: 17 Aug 2016 Last Revised: 12 Jul 2019
Joel F. Houston, Jongsub Lee and Hongyu Shan
University of Florida - Department of Finance, Insurance and Real Estate, University of Florida - Warrington College of Business Administration and Fordham University - Finance Area
Downloads 224 (137,516)
Citation 2

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functioning independence, former employees, gray directors, shades of gray, cooling-off period, reporting conservatism, corporate fraud, CEO turnover

14.

The Exodus from Sovereign Risk: Sovereign Ceiling Violations in Credit Default Swap Markets

Number of pages: 69 Posted: 22 Mar 2013 Last Revised: 09 May 2013
Jongsub Lee, Andy Naranjo and Stace Sirmans
University of Florida - Warrington College of Business Administration, University of Florida - Warrington College of Business Administration and Auburn University
Downloads 184 (165,261)
Citation 2

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Credit default swap, sovereign ceiling, transfer and convertibility risk, asset geographic location, cross-listing, property rights, creditor rights, disclosure requirement, credit rating

15.

Going Abroad in a Risky World: Geographic Diversification, Institutional Frictions, and Corporate Leverage

Number of pages: 58 Posted: 02 Jun 2016 Last Revised: 07 Dec 2018
Jongsub Lee, Leming Lin and Andy Naranjo
University of Florida - Warrington College of Business Administration, University of Pittsburgh - Katz Graduate School of Business and University of Florida - Warrington College of Business Administration
Downloads 176 (171,968)
Citation 1

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Multinational firms, MNCs, Corporate leverage, Geographic diversification, Cash flow volatility, Country risk, Tax, Regulatory frictions, Political risk

16.

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

11th Annual Mid-Atlantic Research Conference in Finance (MARC)
Number of pages: 82 Posted: 14 Dec 2015 Last Revised: 02 Jul 2016
Jongsub Lee, Hojong Shin and Hayong Yun
University of Florida - Warrington College of Business Administration, California State University, Long Beach and Michigan State University - Department of Finance
Downloads 127 (225,174)
Citation 1

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succession tournaments, business group, risk shifting, family composition, sons, daughters, sons-in-law

17.

Home Bias in U.S. Politics

Number of pages: 53 Posted: 13 Feb 2018 Last Revised: 01 Apr 2019
Changhyun Ahn, Jae Yung Kim and Jongsub Lee
University of Florida - Department of Finance, Insurance and Real Estate, Tulane University - A.B. Freeman School of Business and University of Florida - Warrington College of Business Administration
Downloads 111 (248,675)

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Close congressional elections, local voters and politicians, campaign contributions, home biases, foreign value discount

Internet Appendix for 'Exodus from Sovereign Risk: Global Asset and Information Networks in the Pricing of Corporate Credit Risk'

Number of pages: 61 Posted: 02 Nov 2015 Last Revised: 03 Nov 2015
Jongsub Lee, Andy Naranjo and Stace Sirmans
University of Florida - Warrington College of Business Administration, University of Florida - Warrington College of Business Administration and Auburn University
Downloads 58 (371,059)

Abstract:

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International CDS markets, corporate credit risk, sovereign risk, multinational corporations, asset geographic location, cross-listing, property rights, creditor rights, disclosure requirements, sovereign ceiling violations

Internet Appendix for 'Exodus from Sovereign Risk: Global Asset and Information Networks in the Pricing of Corporate Credit Risk'

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 28 Jul 2015
Jongsub Lee, Andy Naranjo and Stace Sirmans
University of Florida - Warrington College of Business Administration, University of Florida - Warrington College of Business Administration and Auburn University
Downloads 27 (500,604)

Abstract:

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International CDS markets, corporate credit risk, sovereign risk, country risk, multinational corporations, asset geographic location, cross-listing, property rights, creditor rights, disclosure requirements, sovereign ceiling violations

19.

Inter-Firm Patent Litigation and Innovation Competition

Number of pages: 60 Posted: 14 Dec 2018 Last Revised: 16 Jul 2019
Jongsub Lee, Seungjoon Oh and Paula Suh
University of Florida - Warrington College of Business Administration, Peking University - HSBC School of Business and University of Georgia - Terry College of Business
Downloads 61 (356,779)

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Inter-Firm Patent Litigation, Intellectual Property Rights Boundary and Product Market Dynamics, Financial and Real Consequences of Patent Litigation, Innovation Activity, Innovation Strategy