About Nanyang Business School

Jun-Koo Kang and Jin-Mo Kim, The Geography of Block Acquisitions, Journal of Finance 63, (December 2008), pp. 2817-2858.

Xin Chang and Sudipto Dasgupta, "Target Behavior and Financing: How Conclusive is the Evidence? Journal of Finance, 2008.

Chuan Yang Hwang and Thomas J. George, Long-Term Return Reversals: Overreaction or Taxes? Journal of Finance, December 2007.

Xin Chang, Sudipto Dasgupta and Gilles Hilary, Analyst Coverage and Financing Decisions, Journal of Finance, Vol. 61, pp. 3009-3048, 2006.

Jae-Seung Baek, Jun-Koo Kang and Inmoo Lee, Tunneling and Business Groups: Evidence from Private Securities Offerings by Korean Chaebols, Journal of Finance, pp. 2415-2449, 2006.

Chuan Yang Hwang and Thomas J. George, 52 Week High and Momentum Investing, Journal of Finance, pp. 2145-2176, 2004.

Kalok Chan, Allaudeen Hameed and Sie Ting Lau, What if Trading Location is Different from Business Location? Evidence from the Jardine Group, Journal of Finance, pp. 1221-1246, 2003.

Kee-Hong Bae, Jun-Koo Kang and Jin-Mo Kim, Tunneling or Value Added? Evidence from Mergers by Korean Business Groups, Journal of Finance, pp. 2695-2740, 2002.

Jun-Koo Kang, Anil Shivdasani and Takeshi Yamada, The Effect of Bank Relations on Investment Decisions: An Investigation of Japanese Takeover Bids, Journal of Finance, pp. 2197-2218, 2000.

Chuan Yang Hwang and Mark Grinblatt, Signaling and the Pricing of New Issues, Journal of Finance, Vol. 44, pp. 393–420, 1989.

Sie Ting Lau, Lilian Ng and Bohui Zhang, "The World Price of Home Bias", Journal of Financial Economics, 2009. (Accepted).

Bok Baik, Jin-Mo Kim and Jun-Koo Kang, Local Institutional Investors, Information Asymmetries, and Equity Returns", Journal of Financial Economics, 2009. (Accepted).

Huasheng Gao, "Optimal compensaton contracts when Managers can hedge", Journal of Financial Economics, 2009. (Accepted).

Massimo Massa and Lei Zhang, Cosmetic Mergers: The Effect of Style Investing on the Market for Corporate Control, Journal of Financial Economics 2009. (Accepted).

Rudiger Fahlenbrach, Angie Low and Rene Stulz, Why do firms appoint CEOs as outside directors?, Journal of Financial Economics, 2009. (Accepted).

Chuan Yang Hwang and Tom George, A Resolution of the distress risk and leverage puzzles in the cross section of stock returns, Journal of Financial Economics, 2009. (Accepted).

Angie Low , Managerial Risk-Taking Behavior and Equity-Based Compensation, Journal of Financial Economics, 2008 (Accepted).

Jun-Koo Kang and Wei-Lin Liu, Is Universal Banking Justified? Evidence from Bank Underwriting of Corporate Bonds in Japan, Journal of Financial Economics, 2007.

Suman Banerjee, Thomas H. Noe and Mukarram Attari, Crushed by a Rational Stampede: Strategic Share Dumping and Shareholder Insurrection, Journal of Financial Economics, 2006.

Antonio E. Bernardo, Jiang Luo and James Wang, A Theory of Socialistic Internal Capital Markets, Journal of Financial Economics, Vol. 80, pp. 485-509, 2006.

Jae-Seung Baek, Jun-Koo Kang and Kyung Suh Park, Corporate Governance and Firm Value: Evidence from Korean Financial Crisis, Journal of Financial Economics, pp. 265-313, 2004.

Kee-Hong Bae, Jun-Koo Kang and Chan-Woo Lim, The Value of Durable Bank Relationships: Evidence from Korean Banking Shocks, Journal of Financial Economics, pp. 181-214, 2002.

Antonio E. Bernardo, Hongbin Cai and Jiang Luo, Capital Budgeting and Compensation with Asymmetric Information and Moral Hazard, Journal of Financial Economics, Vol. 61, pp. 311-344, 2001.

Jun-Koo Kang and Anil Shivdasani, Corporate Restructuring During Performance Declines in Japan, Journal of Financial Economics, pp. 29-65, 1997.

Jun-Koo Kang and Rene Stulz, Why Is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan, Journal of Financial Economics, pp. 3-28 (lead article), 1997.

Jun-Koo Kang and Yul W. Lee, The Pricing of Convertible Debt Offerings, Journal of Financial Economics, pp. 231-248, 1996.

Jun-Koo Kang and Anil Shivdasani, Firm Performance, Corporate Governance, and Top Executive Turnover in Japan, Journal of Financial Economics, pp. 29-58, 1995.

Jun-Koo Kang, The International Market for Corporate Control: Mergers and Acquisitions of U.S Firms by Japanese Firms, Journal of Financial Economics, pp. 345-371, 1993.

Gil S. Bae, Youngsoon S. Cheon and Jun-Koo Kang, Intragroup Propping: Evidence from the Stock-Price Effects of Earnings Announcements by Korean Business Groups, Review of Financial Studies 21 (September 2008), pp. 2015-2050.

Antonio E. Bernardo, Hongbin Cai and Jiang Luo, Motivating Entrepreneurial Activities in a Firm, Review of Financial Studies, 2007.

Antonio E. Bernardo, Hongbin Cai and Jiang Luo, Capital Budgeting in Multi-Division Firms: Information, Agency, and Incentives, Review of Financial Studies, Vol. 17, No. 3, pp. 739-767, 2004.

Chuan Yang Hwang and Thomas J. George, Information Flow and Pricing Errors: A Unified Approach to Estimation and Testing, Review of Financial Studies, pp. 979-1020, 2001.

Jun-Koo Kang, Yong C. Kim and Rene Stulz,  The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan, Review of Financial Studies, pp. 519-534, 1999.

Jun-Koo Kang and Anil Shivdasani, Does the Japanese Governance System Enhance Shareholder Wealth? Evidence from the Stock-Price Effects of Top Management Turnover, Review of Financial Studies, pp.1061-1095, 1996.

Jun-Koo Kang and Rene Stulz, How Different is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues, Review of Financial Studies, pp. 109-139, 1996.

Chuan Yang Hwang and Siew Hong Teoh, Nondisclosure and the Disclosure of the Adverse Information as the Signals of the Firm Value, Review of Financial Studies, Vol. 4, pp. 283-313, 1991.

Suman Banerjee and Thomas H. Noe, Exotics and Electrons: Electric Power Crises and Financial Risk Management”, Journal of Business, 2006.

Jun-Koo Kang, Jinmo Kim, Wei-Lin Liu and Sangho Yi, Post-Takeover Restructuring and the Sources of Gains in Foreign Takeovers: Evidence from the U.S. Targets, Journal of Business, Vol. 79, 2006.

Nilanjan Sen, Pei Yui Ho and Steve Ferris, God Save the Queen and Her Dividends: Corporate Payouts in the U.K., Journal of Business, Vol. 79, pp. 1149-1173, 2006.

Wei-Lin Liu, Motivating and Compensating Investment Advisors, Journal of Business, Vol. 78, pp. 2317-2349, 2005.

Kim Wai Ho, Sheng-Syan Chen and Kueh Hwa Ik, The Wealth Effect of New Product Introductions on Industry Rivals, Journal of Business, Vol. 78, pp. 969-996, 2005.

Jun-Koo Kang and Rene Stulz, Do Banking Shocks Affect Borrowing Firm Performance? An Analysis of the Japanese Experience, Journal of Business, pp. 1-23 (lead article), 2000.

Suman Banerjee, Paul Spindt and Vladimir Gatchev, Stock Market Liquidity and Firm Dividend Policy, Journal of Finance and Quantitative Analysis, 2007.

Buen Sin Low and Shaojun Zhang, The Volatility Risk Premium Embedded in Currency Options, Journal of Financial and Quantitative Analysis, Vol. 40, pp. 803-832, 2005.

Vicentiu Covrig, Buen Sin Low and Michael Melvin, A Yen is Not a Yen: TIBOR/LIBOR and the Determinants of the Japan Premium, Journal of Financial and Quantitative Analysis, Vol. 39, pp. 193-208, 2004.

Warren Bailey, Peter Y. Chung and Jun-Koo Kang,  Foreign Ownership Restrictions and Equity Price Premiums: What Drives the Demand for Cross-Border Investments? Journal of Financial and Quantitative Analysis, pp. 489-511, 1999.

Victoria B. McWilliams and Nilanjan Sen, Board Monitoring and Antitakeover Amendments, Journal of Financial and Quantitative Analysis, Vol. 32, pp. 491-506, 1997.

Chuan Yang Hwang and Thomas J. George, Transitory Price Changes and Price-Limit Rules: Evidence from Tokyo Stock Exchange, Journal of Financial and Quantitative Analysis, vol. 30, pp. 313-327, 1995.

Jun-Koo Kang, Yong C. Kim, Kyung J. Park, and Rene M. Stulz, An Analysis of the Wealth Effects of Japanese Offshore Dollar-Denominated Convertible and Warrant Bond Issues, Journal of Financial and Quantitative Analysis, pp. 257-270, 1995.

Xin Chang, Sudipto Dasgupta, and Giles Hilary, The Effect of Auditor Quality on Financing Decisions, The Accounting Review, 2009 (forthcoming).

Vicentiu M. Covrig, Sie Ting Lau, and Lilian Ng, Do Domestic and Foreign Managers Have Similar Preferences for Stock Characteristics? A Cross-Country Analysis, Journal of International Business Studies, Vol. 37, pp. 407-429, 2006.