It really is about. The sound pitch of male CEOs can be an “honest signal of their quality this is certainly hormonal. we use digitally voice that is analyzed of 167 Wall Street male CEO interviews on CNBC throughout the 2008 economic crisis in order to find a negative relationship between your sound pitch of this CEO together with chance of the company. Deep-voiced male CEOs were very likely to be fired following the financial meltdown up until 2012. Look at full instance of Barclays right next! Microstructure occasion research reveals that deeply voiced CEOs’ TV interviews increased stock return volatility transitorily in the minute associated with the interviews.
Presented at Nanyang company School in Singapore, Deakin University, Asian FA 2018 at Tokyo, KAIST, Seoul nationwide University, Seoul Quant Conference 2017, the University of Michigan – Flint
(with Jen CHANG and Min Jung KANG)
Most useful Paper Award: Asian-Pacific Conference on International Accounting Problems 2018
Presented at Asian-Pacific Conference on International Accounting problems, san francisco bay area, November 2018; the Joint Accounting Workshop of SKKU & nationwide Taipei University, May 2018 – by Jen CHANG.
It is about. Whenever commercial bankers sit regarding the board as separate directors of borrowing organizations, they fire the CEOs more sensitively to firm risk, and later the company danger decreases. It supports “conflict of great interest” theory.
Presented at ILERA worldwide Congress 2018 in Seoul, Korea 2018
It is about. Utilising the transcripts of 7,000 CEO interviews on CNBC, we investigate whether male and female CEOs vary pertaining to self-attribution bias.
“Predicting North Aggression that is korean Using brief product product Sales and Media Tone”(with Min Jung KANG, Doug KIM, & Hosung JUNG) – Outstanding outside Collaboration Award by Bank of Korea, 2014 (???? ?? ?????? ? ??) Presented at FMA 2017, Boston.
It’s about. We use North Korea being an exogenous surprise into the amount of geopolitical danger of Southern Korea, since the previous transitioned from a situation without nuke/ICBM to a situation with people on the decade that is last. A permanent -1.59% vehicle in Korean market and -0.88% vehicle in america market are reported when NK tests the tools, but just short run overreaction is discovered for NK army aggressions. We detect irregular brief product product product sales from the international organizations for the nations having diplomatic relations with NK (especially the UK) before the shock assaults and nuke evaluating (although not when it comes to people through the nations without), which implies insider trading that is geopolitical.
**Media protection for this paper:
Presented at Seoul nationwide University, SKKU, Korea University, Hong Kong City University, Hong Kong Polytech, KAIST, NTU, AECF (Asian Economic online community, Incheon, Korea, 9/20/2014).
It really is about. Whether better liquidity regarding the currency markets drives the ongoing business to be much more or less myopic really varies according to what sort of institutional investors have large ownership associated with the company. We utilize the decimalization for the stock exchange in 2001 as an exogenous surprise to market liquidity in order to find that the organizations with increased ownership by transient institutional investors became more myopic with regards to CEO dismissal.
It is about. After receiving tremendous public critique due to some extent towards the provocative media depiction of the CEO, in a write-up en en titled “Goldman’s boss: We do God’s work,” Goldman Sachs jumped up to rank no. 2 with regards to philanthropic efforts (PC, hereafter) this year. Utilizing analysis that is textual of million news articles concerning the biggest 100 businesses in america over 2000
2010, we discover that organizations strengthen their CSR performance and save money on Computer once the general public viewpoint about their CSR is negative with intensive media protection.
Presented at Korea University, nationwide University of Singapore, SKKU, Yonsei University, and CAFM 2013.
**Media protection about any of it paper: FORTUNE Korea (August 2015)
“CEO Interviews on CNBC” (with Felix Meschke)
It really is about. Individual investors get worked up about the business and purchase the stock if the business gets media attention. CEO meeting yields eliteessaywriters com genuine excitement and attention with minimum brand brand new information because of the concern of reasonable disclosure. Effective market theory would predict no price reaction to such pseudo occasion, but we still find significant jump and reversal. The magnitude of response is a function associated with viewership. Institutional investors short offer more about the days of news interviews.
Presented during the AFA (by coauthor), CICF, Singapore Finance Conference, SKKU GSB
**Media coverage about any of it paper
It is about. Whenever commercial bankers sit in the board as separate directors of borrowing companies, they decrease stock price crash danger, specially when the borrowing company’s credit danger is high. It supports “financial expertise” hypothesis.
Presented in the AFA2017 Chicago Meeting, 2017 SFM Taiwan Conference, the University of Edinburgh, Cambridge University, the Asian FMA 2015, Seoul, Korean Finance Association fulfilling 2015, KAIST, Seoul nationwide University, and UNIST,
Winner for the paper award that is best (second greatest) at SFM Taiwan Conference 2017, Korean Finance Association fulfilling 2015
It is about. : simply how much does the masculinity regarding the CEO impact the chance of the company? Using facial width-to-height ratio (fWHR), a great proxy for masculinity this is certainly considered to be connected with aggressive danger searching for behavior, we realize that masculine experienced CEOs (1) enhance company riskstock return volatility & idiosyncratic vol; (2) keep high leverage ratio; (3) are more acquisitive more # of discounts, $$$ on discounts, acquisition premium and reduced purchase statement return; and (4) receive high VEGA payment. We find robust outcomes AI that is using measured. FinTech implication: banking institutions could enhance measuring the chance preference of retail clients simply by using photo that is scanned.
Python coding of (measuring fWHR) available upon demand – Please cite us.