A5102798734- Corporate Finance and Governance
- Corporate Social Responsibility Reporting
- Islamic Finance and Banking Studies
- Financial Reporting and Valuation Research
- Financial Markets and Investment Strategies
- Market Dynamics and Volatility
- Terrorism, Counterterrorism, and Political Violence
- Auditing, Earnings Management, Governance
- Environmental Sustainability in Business
- Nonprofit Sector and Volunteering
- Private Equity and Venture Capital
- Family Business Performance and Succession
- Economic Sanctions and International Relations
- Corruption and Economic Development
- Risk Management in Financial Firms
- Imbalanced Data Classification Techniques
- Financial Distress and Bankruptcy Prediction
- Stock Market Forecasting Methods
- Financial Analysis and Corporate Governance
- Corporate Governance and Financial Management
Soonchunhyang University
2022-2024
Kyungpook National University
2021
Korea Advanced Institute of Science and Technology
2017-2020
Abstract We examine whether a strong alignment of the chief executive officer (CEO) and shareholders wealth induces or restrains firm's corporate social responsibility (CSR) engagement. CSR can enhance consistent with stakeholder theory. However, CEOs maximizing their own utilities have an incentive to overinvest resources for engagement at shareholders' expense. Therefore, CEO is expected lead engage less in some activities, particularly those are questionable only good CEO's private...
Abstract We use religious background as a proxy for local risk‐taking attitudes and investigate whether geographical variation in religion affects corporate environmental responsibility (CER) with regards to cash policies profitability. conjecture that the presence of environmentally conscious firms would be higher areas more Catholics relative Protestants. Study data comprises largest publicly traded U.S.‐listed Newsweek's green rankings 2015–2016. scores concentration Catholic Protestant...
Traditional studies show that CEOs' overconfidence can mitigate underinvestment problem occurs due to risk-aversion. To extend this argument, we investigate whether investment by overconfident CEOs always increases firm value. Theoretically and empirically, value is positively related for firms in more competitive industries. For less industries, the relation insignificant. Our findings suggest be a desirable managerial trait shareholders under certain conditions.
Abstract Research Question/Issue This study examines whether social capital's monitoring role intensifies during post‐terrorism periods, as terrorism influences citizens' willingness to change society and increases stakeholder participation. Focusing on firms' stock price crash risk, caused by managers' opportunistic behavior (viz., bad news hoarding), we hypothesize that capital under reduces it is expected play an external governance role. Findings/Insights Using US public firms, a...
This study examines various artificial intelligence (AI) models for predicting financially distressed firms with poor profitability (“Zombie firms”). In particular, we adopt the Explainable AI (“XAI”) approach to overcome limitations of previous models, which is well-known as black-box problem, by utilizing Local Interpretable Model-agnostic Explanations (LIME) and Shapley Additive (SHAP). XAI thus enables us interpret prediction results models. focuses on Korean sample from 2019 2023, it...
[연구목적] CEO들은 그들의 공격적인 투자에 대해 단기성과를 요구하는 시장의 압박을 피하기 위해 ATP를 선호할 수도 있다. 반면에, 그들은 기업에 이미 존재하는 ATP가 기업가치를 저해하는 요소라고 생각하며, 그들이 자신감이 있으므로 불필요한 것이라 판단할 수 그렇다면, 선호하지 않을 것이다.<BR>[연구방법] CEO 교체 샘플을 사용하는 본 연구방법은 과신성향이 없는 CEO에서 과신 성향을 가진 CEO로의 (또는 그 반대)에 대한 효과를 분석할 있게 하며, (CEO교체가 아닌) 나머지 샘플에 대해서는 같은 CEO가 과신하지 않는 성향에서 과신성향을 가지게 되는 경우의 한다.<BR>[연구결과] 연구의 실증분석 결과에서는 CEO에 비해 덜 선호한다고 보인다. 특히, 교체는 다른 교체유형에 기업의 미래 ATP 변화에 부정적인 관계를 가졌다. 또한, CEO의 감소와 함께 나타날 때, 제고할 있다는 가능성을 제시하였다.<BR>[연구의 시사점] 연구는 초점을 맞추어 ATP에 미치는...