Information about http://www.bus.umich.edu/FacultyBios/CV/ehkim.pdf
E. HAN KIM University of Michigan…
Tags: ann arbor michigan, asian finance, cycle carriage, department chairperson, e mail, finance department, global mba program, indian school of business, kaist, korea development institute, management development center, national university of singapore, ohio state university, posco, purdue university, school fax, singapore cycle, university of singapore, university of tokyo, yamaichi,Pages: 13
Language: english
Created: Thu Apr 17 07:45:49 2008
Display cached document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
E. HAN KIM
University of Michigan Tel: 734-764-5222 & 764-2282
Ross Business School Fax: 734-763-3117
Ann Arbor, Michigan 48109-1234 E-mail: ehkim@umich.edu
CURRENT AND PAST POSITIONS AT THE UNIVERSITY OF MICHIGAN
Fred M. Taylor Professor of Business Administration, 1984 to present
Director of Mitsui Life Financial Research Center, 1990 to present
Director of NTT Program of Asian Finance and Economics, 1996 to present
Director of Global MBA Program, 1995 to present
Director of East Asia Management Development Center, 2000 to present
Finance Department Chairperson, 1988 to 1991
Professor of Finance, 1982 to present
Professor of International Business, 2000 to present
Associate Professor of Finance, 1980-1982
PAST ACADEMIC EMPLOYMENT
University of Tokyo
Yamaichi Professor of Economics, October 1990 to January 1991
National University of Singapore
Cycle & Carriage Visiting Professor, November 1989
Korea Development Institute
Visiting Research Fellow, November 1986 to April 1987
University of Chicago
Visiting Associate Professor of Finance, 1978 to 1979
Purdue University
Visiting Associate Professor of Finance, 1977 to 1978
Ohio State University
Assistant Professor of Finance, 1975 to 1977
Associate Professor of Finance, 1979 to 1980
OTHER APPOINTMENTS/ELECTED POSITIONS
Board of Directors:
POSCO, 2003 to 2008: Chairman of the Board (07 08)
Hana Bank, 2001 to 2003
Mutual Savings Bank, 1989 to 1990.
Steering Committee:
Korea Investment Company, 2005 to 2007
KAIST Graduate School of Finance, 2006 to present
Advisory Board:
Centre for Analytical Finance at Indian School of Business
(ISB), Hyderabad, India, 2005 to present.
Korea Institute of Finance, 1992 to 1998.
California Institute of International Business and Economics,
Los Angeles, California, 1985 to 1992.
Consulting:
04/17/08
Advisor to the CEO, POSCO, 2008 present
Korea Postal System (1999)
Korean Government's Debt Renegotiation Team (1998)
Korea Stock Exchange (1997 to 1998)
Pohang Iron & Steel Co. (1995 to 1998)
U.S. Department of Treasury Internal Revenue Service (1988 to 1994)
World Bank, Washington, D.C. (1989 to 1991; 1993)
Bank of Korea (January 1985)
Co-chair, Citizens for Economic Freedom (1997 to 1999)
President, Korea-America Economic Association (1996)
DEGREES
University of Rochester, B.S. in management science, 1969.
Cornell University, MBA in operations research, 1971.
State University of New York at Buffalo, Ph.D. in finance, 1975.
Minors in economics and industrial engineering.
AWARDS, FUND RAISING, AND RECOGNITION
GMBA Teaching Excellence Award, University of Michigan, 2007.
Economist Award, the inaugural annual award given jointly by Korea-America Economic
Association and Maekyung Business Newspaper, January, 2006
CORE Award (Contribution to the Research Environment), University of Michigan, 2004
Ph.D. Forum Outstanding Service Award, University of Michigan, 1981.
Obtained $120,000 gift to study Korean economy from LG Academy, 1999
Raised $1.5 million to endow NTT Program of Asian Finance and Economics
at the University of Michigan, 1996.
Raised $3 million to endow Mitsui Life Financial Research Center at the University of
Michigan, 1990 - 94.
Raised $300,000 for Japan Visiting Researcher Program, 1992-95.
Raised $2 million to establish Korea Studies Program at the University of Michigan,
1995.
Who's Who in America since 1986.
Who's Who in the World since 1989.
RESEARCH PUBLICATIONS AND ACTIVITIES
Working Papers
"Are Elite Universities Losing their Competitive Edge?" with A. Morse and L.
Zingales, March 2008.
"Corporate Governance and Investor Confidence: The case of Seasoned Equity
Offerings" with A. Purnanandam, October 2007.
"Employee Capitalism or Corporate Socialism? Broad-based Employee Stock
Ownership" with P. Ouimet, March 2008.
Articles in Academic Journals
2
"Labor and Corporate Governance: International Evidence from Restructuring
Decisions," Journal of Finance (Forthcoming), with J. Atanassov.
"Changes in Korean Corporate Governance: A Response to Crisis", Journal of
Applied Corporate Finance, Vol. 20, No.1, Winter 2008, pp. 47-58, with W.
Kim
"Business Ties and Proxy Voting by Mutual Funds," Journal of Financial Economics,
Vol. 85, No. 2, August, 2007, pp. 552-570, with G. Davis.
"Explaining Differences in the Quality of Governance Among Companies:
Evidence from Emerging Markets," Journal of Applied Corporate
Finance, Vol. 19, No.1, Winter 2007, pp. 1624, with A Durnev.
"What Has Mattered to Economics since 1970?" Journal of Economic
Perspectives, Vol. 20, No.4, Fall, 2006, pp. 189- 202, with A. Morse and
L. Zingales.
"To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation,"
Journal of Finance, Vol. 60, No. 3, June, 2005, pp. 1461-1493, with A.
Durnev. Nominated for 2005 Brattle Prize.
"Effects of Unanticipated EVAs on Stock Returns," Daehan Journal of Management,
No. 39, 2003, pp. 134-154, with M.K. Kim and J.K. Yi.
"The Fear of Globalizing Capital Markets," Emerging Markets Review, Vol. 1, 2000,
pp. 183-198, with V. Singal.
"Stock Market Openings: Experience of Emerging Economies," Journal of Business,
Vol. 73, No.1, January 2000, pp. 25-66, with V. Singal. Reprinted in
Emerging Markets, G. Bekaert and C. Harvey (eds.), Edward Elgar
Publishing.
"Globalization of Capital Markets and the Asian Financial Crisis," Journal of Applied
Corporate Finance, Vol. 11, No. 3, Fall 1998, pp. 30-39.
"The Korean Financial Crisis and the Future of Its Economy," Journal of Asian
Business, Vol. 15, No. 1, 1999, pp. 72-78. Also appeared in Korea Journal,
Vol. 38, No. 2, Summer 1998, pp. 56-65.
"Are Open Markets Good for Foreign Investors and Host Countries?" Journal of
Applied Corporate Finance, Vol. 10, No. 3, Fall 1997, pp. 18-33, with V.
Singal.
"Time-Series Variation in Dividend Pricing," Journal of Finance, Vol. 49, No. 5,
December 1994, pp. 1617-1638, with K. Eades and P. Hess.
"The Effect of Debt Subsidies on Corporate Investment Behavior: The Korean
Experience," Pacific-Basin Finance Journal, Vol. 2, No. 1, March 1994, pp.
1-21, with M. Dailami.
3
"Mergers and Market Power: Evidence from the Airline Industry," American
Economic Review, Vol. 83, No. 3, June 1993, pp. 549-569, with V. Singal.
Reprinted in Corporate Restructuring, J. McConnell and D. Denis (eds.), the
International Library of Critical Writings in Financial Economics, Edward
Elgar Publishing (2005).
"Financial Contracting and Leverage Induced Over- and Under-Investment
Incentives," Journal of Finance, Vol. 45, No. 3, July 1990, pp. 765-794,
with E. Berkovitch.
"Synergistic Gains from Corporate Acquisitions and their Division between the
Stockholders of Target and Acquiring Firms," Journal of Financial
Economics, Vol. 21, No. 1, May 1988, pp. 3-40, with M. Bradley and A.
Desai. Reprinted in Empirical Research in Capital Markets, G. Schwert
and C. Smith (eds.), McGraw-Hill, 1992, Empirical Corporate Finance,
Vol. IV, M. Brennan, G. Hearsh, and I. Hearsh (eds.), Edward Elgar
Publishing (2001), and Corporate Restructuring, J. McConnell and
D. Denis (eds.), the International Library of Critical Writings in Financial
Economics, Edward Elgar Publishing (2005).
"Pricing Pattern of New Share Issues and the Market Response in Korea," Kyong
Je Hak Yon Gu, Vol. 36, No. 1, December 1988, pp. 171-190, with Y.K.
Lee.
"Voluntary Liquidations: Causes and Consequences" Midland Corporate
Finance Journal, Vol. 5, No. 4, Winter 1988, pp. 30-35, with J.
Schatzberg.
"Voluntary Corporate Liquidations," Journal of Financial Economics , Vol. 19,
No. 2, December 1987, pp. 311-328, with J. Schatzberg. An earlier
version was published in Proceedings of Seminar on the Analysis of
Security Prices by Center for Research in Security Prices, Graduate
School of Business, University of Chicago, Vol. 31, No. 2, November
1986, pp. 255-282.
"Corporate Financial Structure in Korea: Theory, Evidence, and the Need for
Reform," Kyong Je Hak Yon Gu, Vol. 34, December 1986, pp. 29-50. An
earlier English version was presented at the Plenary Session of the Second
International Convention of Korean Economists, sponsored by the Korean
Economic Association, August 1986, and was published in its
Proceedings, No. I-2, pp. 1-42.
"Market Rationality and Dividend Announcements," Journal of Financial
Economics, Vol. 14, No. 4, December 1985, pp. 581-604, with K. Eades
and P. Hess.
"On the Existence of an Optimal Capital Structure: Theory and Evidence,"
Journal of Finance, Vol. 39, No. 3, July 1984, pp. 857-878, with M.
Bradley and G. Jarrell.
"On Interpreting Security Returns During the Ex-Dividend Period," Journal of
Financial Economics, Vol. 13, No. 1, March 1984, pp. 3-34, with K.
Eades and P. Hess.
"The American Experience with Corporate Takeovers and Securities Regulation
in Korea," The Korean Economic Review, Vol. 1, December 1985, pp.
4
223-244. An earlier version was published in Proceedings of the First
International Convention of Korean Economists, sponsored by the Korean
Economic Association, August 1984, No. IV, pp. 1637-1669.
"The Rationale Behind Interfirm Tender Offers: Information or Synergy?"
Journal of Financial Economics, Vol. 11, Nos. 1-4, April 1983, pp. 183-
206, with M. Bradley and A. Desai.
"The Impact of Merger Bids on the Participating Firms' Security Holders,"
Journal of Finance, Vol. 37, No. 5, December 1982, pp.1209-1228, with
P. Asquith. This paper was summarized by the CFA Digest, Vol. 13, No.
3, Summer 1983, pp. 26-28. An earlier version was published in
Proceedings of Seminar on the Analysis of Security Prices by Center for
Research in Security Prices, Graduate School of Business, University of
Chicago, Vol. 26, No. 1, May 1981, pp. 1-44.
"Miller's Equilibrium, Shareholder Leverage Clienteles, and Optimal Capital
Structure," Journal of Finance, Vol. 37, No. 2, May 1982, pp. 301-319.
"Theories of Corporate Debt Policy: A Synthesis," Journal of Finance, Vol. 34,
No. 2, May 1979, pp. 371-384, with A. H. Chen.
"Financial Leverage Clienteles: Theory and Evidence," Journal of Financial
Economics, Vol. 7, No. 1, March 1979, pp. 83-110, with W. G. Lewellen
and J. J. McConnell.
"Sale-and-Leaseback Agreements and Enterprise Valuation," Journal of
Financial and Quantitative Analysis, Vol. 13, No. 5, December 1978, pp.
871-883, with W. G. Lewellen and J. J. McConnell.
"A Mean-Variance Theory of Optimal Capital Structure and Corporate Debt
Capacity," Journal of Finance, Vol. 33, No. 1, March 1978, pp. 45-63.
"Corporate Merger and the 'Co-Insurance' of Corporate Debt," Journal of
Finance, Vol. 32, No. 2, May 1977, pp. 349-365, with J. J. McConnell.
"Capital Structure Rearrangements and Me-First Rules in an Efficient Capital
Market," Journal of Finance , Vol. 32, No. 3, June 1977, pp. 789-810,
with J. J. McConnell and P. R. Greenwood.
"Capital Asset Pricing with Price Level Changes," Journal of Financial and
Quantitative Analysis, Vol. 11, No. 3, September 1976, pp. 381-392, with
R. L. Hagerman.
"Cash Demand, Liquidation Costs and Capital Market Equilibrium under
Uncertainty," Journal of Financial Economics, Vol. 1, No. 3, September
1975, pp. 293-308, with A. H. Chen and S. J. Kon.
Books and Chapters
Value Based Management and EVA, Hyunhaksa, 2004, with M.K. Kim and J.K. Yi.
North Korea in the World Economy, RoutledgeCurzon Advances in Korean Studies,
RoutledgeCurzon, April 2003, edited with E. K. Choi and Y. Merrill.
5
The Economic Value Added (EVA) of Listed Companies, published by Korea Stock
Exchange, February 1998, with M.K.. Kim and J.K. Yi.
"Opening Up of Stock Markets by Emerging Economies: Effect on Portfolio Flows
and Volatility of Stock Prices," Proceedings of World Bank Symposium on
Portfolio Investment in Developing Countries, World Bank Discussion Paper
No. 228, edited by Stijn Claessens and Sudarshan Gooptu, December 1993,
pp. 383-403, with V. Singal. A revised version published as Korea Institute
of Finance Policy Report #94-06, November 1994.
"Voluntary Liquidation," New Palgrave Dictionary of Money and Finance, P.
Newman, M. Milgate, and J. Eatwell (eds.), MacMillan Press 1992, pp, 768-
770.
"Corporate Takeovers: Winners, Losers, and Some Remaining Issues," Recent
Developments in International Banking and Finance, Vol. IV and V, S.J.
Khoury (ed.), Elsevier Science Publisher B.V. (North-Holland), 1991, pp.
101-122.
"Issuing Stocks in Korea," Pacific-Basin Capital Markets Research, R. Chang
and G. Rhee (eds), Elsevier Science Publisher B.V. (North-Holland),
1990, pp. 243-253, with Y.K. Lee.
"Financing Korean Corporations: Evidence and Theory," Korean Economic
Development, Jene K. Kwon (ed.), Greenwood Press, 1990, pp. 341-358.
"Optimal Capital Structure in Miller's Equilibrium," Financial Markets and
Incomplete Information, S. Bhattacharya and G. Constantinides (eds.),
Rowman and Littlefield (Totowa, NJ), 1989, pp. 36-48.
Other Publications
Comments on "The Role of institutions in Developing Strong Securities
Markets," and "Institutional Shareholders, Chaebol's Agency Costs, and
Public Policy in Korea," Institutional and Policy Reforms to Enhance
Corporate Efficiency in Korea, L. Cho, S. Seong, and S. Lee (eds.), Korea
Development Institute, 2007, pp. 166-171.
Discussions on "Economic Policy of the Roh Moo-Hyun Administration,"
Toward a Transparent and Globalized Economy, C. Y. Ahn (ed.), Korea
Institute for International Economic Policy, 2003, pp. 37-42.
"Commentary on `North Korea's Economy: Facing Up to Reality and the
Challenges Ahead" and "Korean Capitalism in Search of a New
Paradigm,'" New Challenges in Inter-Korean Economic Cooperation and
Integration, H. Rowen and S. Suh (eds.), Stanford University Asia Pacific
Research Center, 2001, pp. 51-58.
"Chaebol's Cross-Payment Guarantees," Monthly Chosun, November 1998, pp.
276-279.
"The Post-Bubble Japanese Economy and Prospects for East Asia: Selections
from the Fifth Mitsui Life Symposium on Global Financial Markets,"
Journal of Applied Corporate Finance , Vol. 11, No. 3, Fall 1998, pp. 16-
29.
6
"Comments on Corporate Governance: The Structure and Issues in Korea," in
Korea's Choices in Emerging Global Competition and Cooperation, L.
Cho and Y.H. Kim (eds.), 1998, Korea Development Institute Press, pp.
283-5.
"Economic Restructuring and EVA Management," Sangjanhyup, Vol. 38, Spring
1998, pp. 3-6.
"EVA and Shareholder Value in Japan," Journal of Applied Corporate Finance,
Vol. 9, No. 4, Winter 1997, pp. 94-114.
"Opening Up of Stock Markets and Internationalization of the Securities
Industry," Proceedings of Symposium on Internationalization of Capital
Markets, Korea Stock Exchange," October 1993, pp. 5-46.
Introduction to "Volatility in U.S. and Japanese Stock Markets" Journal of
Applied Corporate Finance, Spring 1992.
"Valuation of the Business Franchise," a technical report commissioned by the
Internal Revenue Service, 1990.
"Financial Innovations in a Changing Environment," Proceedings of Seminar on
Internationalization of Capital Markets and Financial Innovation, Dong
Suh Economic Research Institute, March 1989, pp. 1-19.
"Strategic Implications of Internationalization of Korean Capital Market," Changes in
Economic Environment and Korean Security Market, edited and published by
Dong Suh Economic Research Institute, 1988, pp. 119-128.
"National Policy for Corporate Finance and Stock Market Development," Korea
Development Institute Research Series 87-10, July 1987.
"Economic Policy Implications of Bullish Stock Market," Korea Development
Institute Policy Discussion Paper #8710, April 1987, with Y.K. Lee.
"Development of Stock Market and Corporate Financial Structure," Proceedings
of Symposium on Capital Market Deregulation and the Outlook for the
Securities Market, Lucky Economic Research Institute, April 1987, pp. 1-
14.
"The Evolution of the Tender Offer as a Take Over Device: An Analysis of
Ownership Structure, The Free Rider Problem, and the Prisoner's
Dilemma," Proceedings of Seminar on the Analysis of Security Prices,
Center for Research in Security Prices, Graduate School of Business,
University of Chicago, Vol. 29, No. 2, November 1984, pp. 277-302, with
M. Bradley.
"Costly Contracting and Optimal Payout Constraints: Discussion," Journal of
Finance, Vol. 37, No. 2, May 1982, pp. 476-479.
"Elimination of the Double Taxation of Dividends and Corporate Financial Policy:
Discussion," Journal of Finance, Vol. 33, No. 3, June 1978, pp. 754-57.
Editorial Activities
7
Associate Editor: Journal of Finance, 1979 to 1983; 1988 to 1992.
Financial Review, 1982 to 2003.
International Journal of Finance, 1990 to 1994.
International Review of Financial Analysis, 1990 to 1992.
Pacific-Basin Finance Journal, 1991 to 1996.
Review of Quantitative Finance and Accounting, 1990
to present.
North American Journal of Economics and Finance,
1990 to 1999.
Editorial Review Board: Journal of Business Research, 1977 to present.
International Review of Economics and Finance, 1991 to
present.
Editorial Advisory Board: Asia-Pacific Journal of Management, 1990 to 1996.
Journal of Asian Business, 1996 to present.
Annals of Financial Economics, 2005 to present.
Newspaper Columns
"Strong Labor Laws Increase Layoffs during Corporate Crises," Maeil Business
Newspaper (December 19, 2006).
"Leadership Lessons from the Reagan and Bush Presidencies," Maeil Business
Newspaper (July 16, 2004).
"Pro-growth Policies Improve Corporate Governance," Maeil Business
Newspaper (April 29, 2003).
"Active M&As Improve Corporate Governance," a full-page interview in Chosun
Daily (April 28, 2003).
"Political Uncertainty Is Choking the Economy," a full-page interview in Maeil
Business Newspaper (January 3, 2002).
"Unpredictable Policies Are Choking the Stock Market," Dong-A Ilbo (April 29,
2001).
"Banks Must to Learn to Say No," Dong-A Ilbo (April 3, 2001).
"Impact of Foreign Capital on Domestic Workers," Dong-A Ilbo (March 6, 2001).
"Reviving Economy through Tax Reduction," Dong-A Ilbo (February 6, 2001).
"Economic Freedom and Growth," Maeil Business Newspaper (January 16,
2001).
"Tax Cut and the Economy," Maeil Business Newspaper (January 12, 2001).
"Privatization of National Pension," Maeil Business Newspaper (March 31,
1999).
"Corporate Governance and Investor Protection" Maeil Business Newspaper
(January 26, 1999).
"A Year of Djnomics" Maeil Business Newspaper (December 29, 1998).
8
"Sunflower Style Management," Maeil Business Newspaper (December 2, 1998).
"Corporate Restructuring Requires Patience," Maeil Business Newspaper
(November 3, 1998).
"Emerging Markets Need Time to Evolve," USA Today (September 10, 1998).
"The `Big Deal' Policy Is a Mistake," Maeil Business Newspaper (August 19,
1998).
"Remedies for the Korean Economic Crisis" The Korea Economic Daily (August
4, 1998).
"The Challenges for the Korean Economy," Segae Daily Newspaper, (February 9,
1998).
"Issues and Challenges for the Incoming Government," Maeil Business
Newspaper, (January 15, 1998).
"Debt Negotiation," Maeil Business Newspaper, (January 13, 1998).
"Financial Reform," Maeil Business Newspaper, (January 1, 1998).
"The Brighter Side of Economic Troubles," Maeil Business Newspaper (August
13, 1997).
"Managing in the Low-Growth, High-Competition Era," Maeil Business
Newspaper (March 8, 1997).
"The Thompson Multimedia Controversy," Hankuk Daily (December 14, 1996).
"Reckless Investments by Korean Chaebol Will Wreck the Korean Economy,"
Chosun Daily (July 12, 1995).
"Corporate Expansion Is Not Everything," The Weekly Economist (June 28,
1995).
"Kerkorian's `bear hug'," Detroit Free Press (April 20, 1995), with M. Bradley.
"Liberalization of Merger Regulations," Chosun Daily (December 3, 1993).
"Volatility in Financial Markets," The Nihon Keizai Shimbun (November 6, 1991),
with Takaaki Wakasugi.
"Corporate Arbitrage and Financial Liberalization," The Korea Economic Daily
(September 24, 1991).
"Who's to Blame for the Japanese Compensation Scandal?" The Nihon Keizai
Shimbun (August 8, 1991).
"Challenges in Internationalizing the Capital Market," The JoongAng Economic
Daily (September 24, 1988).
9
"Going Public and Issuing Seasoned Stocks," Maeil Business Newspaper (August
19, 1988).
"Capital Markets and Financial Innovations," Maeil Business Newspaper (March
30, 1988).
"Does Michigan Need an Anti-takeover Law?" The Detroit News (February 7,
1988).
"Corporate Capital Structure," Maeil Business Newspaper (April 23, 1987).
"Corporate Mergers and Stock Prices," The Korea Economic Daily (September 1,
1984).
Invited Lectures and Seminar Presentations
Purdue University, Finance Workshop, November 1976; University of Pennsylvania, The
Wharton School Finance Workshop, January 1977; Choong Ang University, June 1977;
Keimyung University, July 1977; University of Chicago, Finance Workshop, March
1978; York University, Finance Workshop, March 1978; University of Illinois at Urbana-
Champaign, Finance Workshop, February 1979; State University of New York at
Buffalo, Finance Workshop, March 1979. Harvard University, Finance Workshop,
January 1980; University of Utah, Finance Workshop, May 1980; National Bureau of
Economic Research, Conference on Taxation and Corporation Finance, Cambridge,
Massachusetts, July 1980; University of Florida, Finance Workshop, November 1980;
University of Minnesota, Finance Workshop, December 1982; Kent State University,
Finance Seminar, April 1982; University of California at Berkeley, Stanford-Berkeley
Joint Finance Workshop, June 1982; Seoul National University, Finance Seminar, August
1982; Korea University, Finance Seminar, August 1982; Yonsei University, Finance
Seminar, September 1982; University of Chicago, Finance Workshop, February 1983;
National Bureau of Economic Research Summer Institute on Taxation and Finance,
Cambridge, Massachusetts, July 1983; University of Pennsylvania, The Wharton School
Finance Workshop, October 1983; Ohio State University, Finance Workshop, October
1983; State University of New York at Buffalo, Finance Workshop, October 1983;
Southern Methodist University, Finance Workshop, May 1984; New York University,
Finance Workshop, May 1984; University of Minnesota, Finance Workshop, May 1984;
Korean Economic Association International Convention, Seoul, Korea, August 1984;
Sogang University, Finance Seminar, August 1984; Finance Symposium, State
University of New York at Buffalo, October 1984; Dalhousie University, Finance
Workshop, October 1984; Seminar on the Analysis of Security Prices, University of
Chicago, November 1984; Concordia University, Concordia-McGill Joint Finance
Workshop, March 1985; University of Southern California, USC-UCLA Joint Finance
Workshop, March 1985; Rutgers University, NYU-Rutgers Joint Finance Workshop,
May 1985; University of Wisconsin-Madison, Finance Workshop, May 1985; Purdue
University, Finance Workshop, May 1985; Indiana University, Finance Workshop,
September 1985; University of North Carolina, UNC-Duke Joint Finance Workshop,
March 1986; Virginia Polytechnic Institute and State University, Finance Workshop,
June 1986; The Plenary Session of Korean Economic Association International
Convention, Seoul, Korea, August 1986; Yonsei University, Finance Seminar, August
1986; Economic Planning Board of the Republic of Korea, August 1986; Korea
Development Institute, August 1986; Seminar on the Analysis of Security Prices,
University of Chicago, November 1986; University of Toronto, Finance Workshop,
February 1987; Korea University, Finance Seminar, March 1987; Japan Securities
Research Institute, Finance Seminar, Tokyo, Japan, April 1987; Daiwa International
Capital Management Co., Executive Seminar, Tokyo, Japan, April 1987; New Japan
10
Securities Co., Executive Seminar, Tokyo, Japan, April 1987; Symposium on Capital
Deregulation and the Outlook for the Securities Market, Lucky Economic Research
Institute, Seoul, Korea, April 1987; University of Georgia, Finance Workshop, February
1988; Cornell University, Finance Workshop, May 1988; University of Texas at Austin,
Finance Workshop, May 1988; University of Houston, Finance Workshop, May 1988;
University of Illinois, Finance Workshop, May 1988; Discussant at Merton Miller
Conference in honor of his 65th birthday, Maui, June 1988; Korean Economic
Association International Convention, Seoul, Korea, August 1988; Workshop on
Financial Development in Japan, Korea, and Taiwan, Columbia University Center for
Japanese Economy and Business, March 1989; First Annual Pacific-Basin Finance
Conference, Taipei, Taiwan, March 1989; First Joint Meeting of Korean Securities
Association and Korean Finance Association, Seoul, Korea, March 1989; International
Seminar on Internationalization of Capital Markets and Financial Innovation, Dong Suh
Economic Research Institute, March 1989;University of Chicago Economics Workshop,
October 1989; Keynote Address at the Inaugural International Conference on Asian-
Pacific Financial Markets, Singapore, November 1989; Cycle and Carriage Company,
Executive Seminar, Singapore, November 1989; University of Maryland, Finance
Workshop, March 1990; Fifth Annual Symposium of the Foundation for Research in
International Banking and Finance, Baden-Baden, Germany, April 1990; The First
Washington Symposium on the US-Korea Econmic Cooperation, October 1990;
Yamaichi Research Institute, Executive Seminar, Tokyo, Japan, November 1990;
University of Tokyo Economics Seminar, January 1991; Rutgers University, Finance
Workshop, April 1991; New York University, Finance Workshop, April 1991; Case
Western Reserve University, Banking and Finance Seminar, April 1991; Hitotsubashi
University Institute of Economic Research, Economics seminar, June 1991; Second
Conference on Financial Economics and Accounting, sponsored by State University of
New York at Buffalo, September 1991; Michigan State University, Finance Workshop,
November 1991; Conference on Capital Markets of the Pacific Rim, sponsored by New
York University, December 1991; University of Rochester, Organizations and Markets
Workshop, December 1991; International Conference on the Japanese Financial Market
and Corporate Managerial Behavior, sponsored by International University of Japan and
New York University, May 1992; U.S. Department of Justice, June 1992; Inaugural
Symposium on Finance by the Institute of Finance and Banking, Seoul National
University, Seoul, September 1992; The First International Federation of Scholarly
Associations of Management (IFSAM) Conference, Tokyo, September 1992; ECO &
FIN Distinguished Speaker Series, University of Dayton, October 1992; Korea
Symposium on A Dialogue for Peace and Prosperity, Michigan State University, March
1993; University of California at San Diego, Applied Economics Seminar, April 1993;
The First International Conference on Korean Studies in the U.S., Michigan State
University, July 1993; World Bank Symposium on Portfolio Investment in Developing
Countries, September 1993; Doctoral Student Consortium at the Financial Management
Association Annual Meetings, Toronto, October 1993; Panel Discussion on Research
Directions in Corporate Finance at the Financial Management Association Annual
Meetings, Toronto, October 1993; Symposium on Internationalization of Capital
Markets, Korea Stock Exchange, October 1993; International Symposium on Financial
Operning, Korea Institute of Finance, February 1994; Bocconi University, Public
Lecture, Milan, Italy, March 1994; POSCO Research Institute, Public Lecture, January
1995; University of Hawaii, International Finance Seminar, March 1995; Korea
Management Association, Public Lecture, September 1995; Korea Stock Exchange,
public lecture, September 1995; Doctoral International Symposium in Finance at UCLA,
December 1995; The Automotive Industry in Asia: Driving into the 21st Century,
Detroit, October 1995; Korea's Choice in an Emerging Global Competition and
Cooperation, the East-West Center of the University of Hawaii, July 1995; panel
discussion on the Challenges of the Korean Economy sponsored by Maeil Economic
Daily, San Francisco, January 1996; The Fourth Mitsui Life Symposium on Global
Financial Markets, Chair, Panel Discussion, Tokyo, May 1996; International Symposium
11
on Corporate Managerial Efficiency and M & A, Keynote Speech, sponsored by Hyundai
Research Institute, Seoul, May 1996; The Seventh KEA/KAEA International
Convention, Program Chair, Pusan, August 1996; Roundtable on Recent Developments
in North Korea, Moderator, Ann Arbor, August 1996; The Emerging WTO System and
Perspectives from East Asia, Panel Moderator, Ann Arbor, August 1996;
Wissenschaftliche Hochschule für Unternehmensführung Otto Beisheim Graduate
School, Lecture, Koblenz, Germany, October 1996; Symposium on Economic
Competitiveness and Corporate Investment Strategy, Keynote Speech, Korea Stock
Exchange, December 1996; Korea Advanced Institute of Science and Technology,
Lecture, Seoul, December 1996; Korea-America Economic Association Annual
Meetings, Program Chair, New Orleans, January 1997; Roundtable Discussion on Korean
and U.S. Economies by Maeil Business Newspaper, Moderator, New Orleans, January
1997; American Economic Association, Session Chair, New Orleans, January 1997; The
Fourth Asia Development Forum, Lecture, Asia Development Institute, July 1997; The
Eleventh Summer Institute, Lecture, The Federation of Korean Industries, Cheju, July
1997; Panel Discussion on Corporate Bankruptcies and Managing of Economic Crisis,
Panelist, Choong Ang Daily News/Citizens for Economic Freedom, Seoul, July 1997;
Korea Institute for International Economic Policy, paper presentation, Seoul, July 1997;
In Focus, Panelist on Economic Perspectives After North-South Reunification, Arirang
International TV, October 2, 1997; Institute for National Management Strategy, Public
Lecture, October, 1997; Hyundai Research Institute, Lecture, Seoul, October 1997; The
Fifth Mitsui Symposium on the Post-bubble Japanese Economy and the Prospects for
East Asia, Chair, Plenary Session, Ann Arbor, Michigan, November 1997; University of
Houston, Finance Workshop, December 1997; American Economic Association,
Discussant, Chicago, January 1998; ISSM Market Microstructure Conference on Order
Flow, paper presentation, Maui, January 1998; National Assembly (Republic of Korea);
two lectures on the Economic Crisis and Challenges for the Future, Seoul, February
1998; A Look at the Future of Global Financial Markets, a panelist, University of
Michigan Business School, Ann Arbor, February 1998; University of Michigan Korea
Studies Program, a special lecture on the Korean Financial Crisis, April 1998;
Roundtable on Worldwide Changes in the Governance and Control of Corporations, the
EFMA-FMA Conference, Lisbon, June 1998; A Keynote speech at the first NFA
(Nippon Finance Association) /APFA (Asia-Pacific Finance Association) Joint
Conference in Tokyo, July 1998; a plenary session speaker at the eighth KEA (Korea
Economic Association) and KAEA (Korea-America Economic Association) International
Convention, Seoul, August 1998; Symposium on Better Governance in Politics,
Government and Corporate Sector in Korea, presentation, UNDP, October 1998, Panel
Discussion on the Prospects of the Korean Economy, New York, January 1999;
American Economic Association, paper presentation, New York, January 1999, Sangnam
Forum, paper presentation, Yonsei University, March 1999, KDI Graduate School of
International Studies, public lecture, March 1999; financial supervisory Board, public
lecture, March 1999; Korea Stock Exchange, public lecture, March 1999; University of
Cincinnati, Finance Workshop, April 1999; Sixth Mitsui Symposium on Economic
Freedom and Development, Chair, Panel Discussion, Keidaren, Tokyo, June 1999; Sixth
Mitsui Symposium on Economic Freedom and Development, paper presentation,
University of Tokyo, June 1999; Keynote speech at LG CEO conference, Seoul, August
1999; Panelist on "Two Koreas: Toward One Economy," Washington, DC, October
1999; International Conference on Transforming Korean Business and Management
Culture, session chair, Michigan State University, September 2000; New Challenges in
Inter-Korean Economic Cooperation and Integration, discussant, Stanford University,
October 2000; American Finance Association, session chair, New Orleans, January 2001;
Maekyung Roundtable Discussion on Korean and U.S. Economies, Moderator, New
Orleans, January 2001; an address on Korean Financial Markets at Research Foundation
for Peace and Economic Development, May 2001; Conference on North Korea in the
World Economy, co-organizer, Washington, D.C., August 2001; Symposium on Japan's
Lost Decade, discussant, Gerald Ford School of Public Policy, March 2002; 2nd Asia
12
Corporate Governance Conference, paper presentation, Seoul, May 2002; International
Symposium on Governance, featured speaker, Han Yang University, May 2002;
Conference on International Corporate Governance, paper presentation, jointly sponsored
by Journal of Financial and Quantitative Analysis and Tuck School of Business at
Dartmouth, July 2002; 8th Mitsui Life Symposium on Asian Corporate Governance, co-
organizer and paper presentation, University of Tokyo, October 2002; University of
Michigan law and Economics Workshop, paper presentation, November 2002; University
of Queensland Finance Workshop, paper presentation, February 2003; Institute for Better
Corporate Governance, public lecture, Korea Stock Exchange, April 2003; KDI Graduate
School of International Studies, public lecture, April 2003; Institute of International
Management at Federation of Korean Industries, monthly breakfast lecture, May 2003;
Third Asian Corporate Governance Conference, moderator and discussant, jointly
sponsored by Yale University, World Bank, and Korea University, May 2003;
International Conference on the Economic Vision of Roh Moo-Hyun, commentator,
sponsored by the Ministry of Finance and Economy and KIEP, June 2003; EWC/KDI
Conference on Institutional and Policy Reforms to Enhance Corporate Efficiency in
Korea, discussant, July 2003, The East-West Center, Honolulu; 14th Annual Conference
on Financial Economics and Accounting, paper presentation, Indiana University, October
2003; CKS International Conference on The Next Stage of Korean Development: Longer
Vision and Action in a Global Cultural Era, panelist, October 2003, Michigan State
University; KEI Conference on The United States and South Korea; Reinvigorating the
Partnership, discussant, October 2003, Stanford University; American Finance
Association Meetings, paper presentation, January 2004; A public Hearing on
establishment of Korean Home Mortgage Company, keynote speaker, sponsored by the
Ministry of Finance and Economy, January 2004; POSCO Fellowship Seminar, paper
presentation, The East-West Center, February 2004; Center for Economic Institutions,
paper presentation, Hitotsubashi University, March 2004; Finance Workshop, paper
presentation, University of Montana, April 2004; Conference on Agency Problems and
Conflicts of Interest in Financial Intermediaries, paper presentation, Federal Reserve
Bank of New York/Ohio State University/Journal of Financial Economics, December
2004; Fourth Asian Corporate Governance Conference, paper presentation and session
chair, jointly sponsored by World Bank and Korea University, May 2005; Indian School
of Business Winter Research Conference, paper presentation, December 2005; ETH
Zurich Conference on Alternative Views of Corporate Governance, paper presentation,
co-sponsored by the European Corporate Governance Training Network, the Review of
Finance, and the Wharton Financial Institutions Center, March 2006; Harvard Business
School International research Conference, paper presentation, March 2006; Purdue
University, Finance Workshop, April 2006; Duke University, Dean's Seminar, April
2006; Vanderbilt University, Finance Workshop, April 2006; Cheonnam University,
Economics Seminar, October 2006; International Seminar on the HRM of Banking
Industry hosted by Korea Institute of Finance, paper presentation, November 2006;
University of Texas at San Antonio, Distinguished Speaker series in Economics and
Finance, November 2006; Harvard Business School International Research Conference,
April, 2007; Annual Symposium of the Korean Academy of International Business
Management, Keynote Address, October 2007; World Knowledge Forum, Speech at the
OECD Plenary session, Ocotber 2007; INSEAD, Faculty Research Seminar, October
2007; University of Oxford, Finance Seminar, October 2007; University of Hawaii,
Finance seminar, February 2008; Madrid Conference on Understanding Corporate
Governance, paper presentation, sponsored by Foundacion Ramon Areces, March 2008.
13