Chune Young Chung, PhD
Visiting Professor of Finance Major, Bachelor of Business Administration, College of Business and Management
Biography
Chune Young Chung is a Professor of Finance and CAU Distinguished scholar at the School of Business Administration, Chung-Ang University in Korea. His main research focuses on corporate governance related to institutional investors. He has published in the Journal of Financial and Quantitative Analysis, Journal of International Business Studies, Journal of Business Research, Journal of Corporate Finance, Journal of Empirical Finance, Journal of Financial Research, Journal of Business Finance and Accounting, Journal of Financial Stability, Journal of Futures Markets, Journal of Portfolio Management, Pacific-Basin Finance Journal, International Review of Financial Analysis, International Review of Finance, Finance Research Letters, and Economics Letters. He can be reached at bizfinance@cau.ac.kr.
• Institutional Investors
• Corporate Governance
• M&A
• Capital Structure
• Asian Financial Markets
• Financial Management
• Corporate Finance, Security Markets
• Investments
• Private Equity Fund and Venture Capital
• Valuation
1. Chung, C.Y., Iftekhar, H., Hwang, J.H., Kim, I., ”The Effects of Antitrust Laws on Horizontal Mergers: International Evidence”, Forthcoming in JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS
2. Chung, C.Y., Joo, S.H., Kang, S.K., ”Bond-Blockholders and Corporate Acquisitions”, Forthcoming in CORPORATE GOVERNANCE: AN INTERNATIONAL REVIEW
3. Chung, C.Y.; Hur, S.K.; Wang, K.; “A perfect storm in the financial market”, JOURNAL OF FINANCIAL STABILITY, vol.61, 2022.08; DOI(http://dx.doi.org/10.1016/j.jfs.2022.101034)
4. Chung, C.Y., Kim, H., Wang, K., “Do domestic or foreign institutional investors matter? The case of firm information asymmetry in Korea”, PACIFIC BASIN FINANCE JOURNAL, vol.72, 2022.04; DOI(http://dx.doi.org/10.1016/j.pacfin.2022.101727)
5. Chung, C.Y., Liu, C., Wang, K., “The big picture: The industry effect of short interest”, INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, vol.76, 2021; DOI(http://dx.doi.org/10.1016/j.irfa.2021.101760)
6. Chung, C.Y., Sul, H.K., Wang, K., “A tale of two forms of proximity: Geography and market”, JOURNAL OF BUSINESS RESEARCH, vol.122, pp.14~23, 2021.01; DOI(http://dx.doi.org/10.1016/j.jbusres.2020.08.060)
7. Chung, C.Y., Hur, S.K., Kim, S.B., “Overnight block trades in the Korean stock market”, ACCOUNTING AND FINANCE, vol.60, no.3, pp.2231~2261, 2020.09; DOI(http://dx.doi.org/10.1111/acfi.12467)
8. Chung, C.Y., Kim, I., Rabarison, M.K., To ,T.Y., Wu, E., “Shareholder litigation rights and corporate acquisitions”, JOURNAL OF CORPORATE FINANCE, vol.62, 2020.05; DOI(http://dx.doi.org/10.1016/j.jcorpfin.2020.101599)
9. Chung, C.Y., DeVault, L., Wang, K., “Perceived information, short interest, and institutional demand”, JOURNAL OF EMPIRICAL FINANCE, vol.54, pp.22~38, 2019.12; DOI(http://dx.doi.org/10.1016/j.jempfin.2019.08.006)
10. Choi, P.M.S., Chung, C.Y., Hwang, J.H., Liu, C., “Heads I win, tails you lose: Institutional monitoring of executive pay rigidity”, JOURNAL OF FINANCIAL RESEARCH, vol.42, no.4, pp.789~816, 2019.12; DOI(http://dx.doi.org/10.1111/jfir.12196)
11. Kang, S., Chung, C.Y., Kim, D.S., “The effect of institutional blockholders’ short-termism on firm innovation: Evidence from the Korean market”, PACIFIC BASIN FINANCE JOURNAL, vol.57, 2019.10; DOI(http://dx.doi.org/10.1016/j.pacfin.2019.101188)
12. Chung, C.Y., Liu, C., Paul, D.L., “Do firms seek a target board structure? Evidence from the post-SOX period”, JOURNAL OF FINANCIAL RESEARCH, vol.42, no.2, pp.361~381, 2019.07; DOI(http://dx.doi.org/10.1111/jfir.12173)
13. Chung, C.Y., Sul, H.K., Wang, K., “When Short Sellers and Corporate Insiders Agree on Stock Pricing”, JOURNAL OF PORTFOLIO MANAGEMENT, vol.45, no.4, pp.129~142, 2019.04; DOI(http://dx.doi.org/10.3905/jpm.2019.1.084)
14. Chung, C.Y., Ryu, D., Wang, K.N., Zykaj, B.B., “Optionable Stocks and Mutual Fund Performance”, JOURNAL OF FUTURES MARKETS, vol.38, no.3, pp.390~412, 2018.03; DOI(http://dx.doi.org/10.1002/fut.21844)
15. Liu, C., Chung, C.Y., Sul, H.K., Wang, K.N., “Does hometown advantage matter? The case of institutional blockholder monitoring on earnings management in Korea”, JOURNAL OF INTERNATIONAL BUSINESS STUDIES, vol.49, no.2, pp.196~221, 2018.02; DOI(http://dx.doi.org/10.1057/s41267-017-0093-9)
16. Chung, C.Y., Hur, S.K., Wang, K.N., “Strategic merger decisions across business cycles: Evidence from bidders’ time-varying appetite for operating leverage”, INTERNATIONAL REVIEW OF ECONOMICS AND FINANCE, vol.47, pp.143~158, 2017.01; DOI(http://dx.doi.org/10.1016/j.iref.2016.10.010)
17. Chung, C.Y., Liu, C., Wang, K.N., Zykaj, B.B., “Institutional Monitoring: Evidence from the F-Score”, JOURNAL OF BUSINESS FINANCE & ACCOUNTING, vol.42, no.7-8, pp.885~914, 2015.09; DOI(http://dx.doi.org/10.1111/jbfa.12123)
Ph.D. in Finance, Washington State University, 2012
B.B.A. in Finance, University of Wisconsin – Madison, 2006
Best Paper Award Semifinalist: 2018 Financial Management Association
Outstanding Paper Award: 2012 Korean Finance Association and Taiwan Finance Association Joint Conference, 2018 Mail Business News Korea, 2018 Korean Academic Society of Accounting, 2022 Mail Business News Korea
Excellence in Teaching: 2014, 2015, 2016, 2017, 2018, and 2019 – Chung-Ang University
Excellence in Research: 2013 – Kookmin University
Research Grant: 2013, 2015, 2016, 2018, 2020, 2021, and 2022 – National Research Foundation of Korea Grants funded by the Korean Government
Doctoral Student Travel Grant: 2010 Financial Management Association (from Korea – America Finance Association), 2012 American Finance
Association (from American Finance Association)
Ph.D. Student Assistantship: Washington State University
Dean’s List(University of Wisconsin – Madison, 2005~2006)
Beta Gamma Sigma National Scholastic Honorary Society