About Young S. Kim Ph.D, FRM, PRM.

Dr. Young Kim is currently teaching at the College of Business in the Northern Kentucky University as an Assistant Professor of Finance. Before joining at NKU, I had taught Corporate Finance classes at Quinnipiac University, CT for a year. I earned a Ph.D. in Finance from Southern Illinois University at Carbondale, an M.S. in Finance from Georgia State University, and a B.A. in Accounting from Chung-Ang University in South Korea.  My teaching interests are in the area of Corporate Finance, International Financial Management, and Investments.  My research and publications focus on agency theory, corporate diversification, international finance and risk management.  In addition to academic experience, I was a fund manager for Oxy Co, Ltd.,  Seoul, Korea. I am a PRM (Professional Risk Manager) and Financial Risk Manager (FRM).

Education:

Peer Review Journal Publication 

1. "Earning management following duality-creating announcements: Ethnostatistics, Impression Management and Agency Theory" with W. Davidson, P. Jiraporn and Nemec, the Academy of Management Journal  Vol 47 (2), 2004, 267-275.

2. "Is Operational Hedging a Substitute for or a Complement to Fiancial Hedging?" with Mathur, and Nam, Journal of Corporate Finance 2006, Vol. 12, 834-853. (Top 25 Hottest articles, Jul.- Sep., 2006, Elsevier Science).

3. "Corporate Governance, shareholder rights and firm diversification: An empirical analysis" with P. Jiraporn, W. Davidson, M Singh, Journal of Banking and Finance 2006, Vol. 30 (3), 947-963. (Top 5 most requested articles, Jan.- Mar., 2006, Elsevier Science). 

4. "CEO Compensation, shareholder rights, and corporate governance: An empirical investigation" with P. Jiraporn, W. Davidson, Journal of Economics and Finance 2005, Vol. 29 (2), 242-258.

5. “Does Corporate Diversification Exacerbate or Mitigate Earnings Management? An Empirical Analysis,” with P. Jiraporn, and I. Mathur, accepted at the International Review of Financial Analysis, forthcoming 2007.

6. “The Impact of Geographic Diversification on Firm Performance” with I. Mathur, accepted at the International Review of Financial Analysis, forthcoming Special Issue 2007.

7. "Multiple Directorships and Corporate Diversification,” with P. Jiraporn, and W. Davidson, accepted at Journal of Empirical Finance, forthcoming 2007.

8.       “Takeover Defenses and Executive Compensation: A Simultaneous Equations Approach” with P. Jiraporn, Journal of Business and Economic Perspectives, 2006, Vol. 32 (2), 110-127.

9. “Financial Contracting and Operating Performance: The Case for OBRA and Efficient             Contracting” with O. Maisondieu-Laforge, Y.H. Kim, accepted at the journal of Corporate Ownership & Control, Summer 2007 (Vol 4, Issue 2) 217-227.

10. “Is Earnings Management Opportunistic or Beneficial?: An Agency Theory Perspective,” with P. Jiraporn, G. Miller, S. Yoon, accepted at the International Review of Financial Analysis, forthcoming 2008 (Article in Press).

11. “Majority Voting for the Election of Directors,” with W. Sjostrom, Jr, accepted at the Connecticut Law Review, SSRN-id962784, Oct 2007.

Proceedings/Book Chapter

12. "Corporate Diversification: Industrial diversification and Geographic diversification" with I. Mathur, the Proceedings of Academy of International Business Conference (AIB 2005).

13. “Corporate Governance and Diversification,” with K. Gleason, and Y.H. Kim, Proceedings: KSRI- KAFA Joint Symposium, Seoul, Korea, 2005. Best paper in Capital Markets Award at     13^th Global Finance Conference 2006, Brazil.

14. “The Operational Hedging Strategies of U.S. High Tech Firms,” with K. Gleason, and I. Mathur, Proceedings: Academy of International Business Conference(AIB), Québec, July 2005. Presentation at the FMA, Chicago, 2005.

15. “Management Buyout Consummation: An Analysis of Corporate Governance, Firm Characteristics and Stock Market Relations,” with P. Jiraporn, and W. Davidson III, Focus on Banking and Finance Research (NOVA Publishers) Book Chapter. 2^nd Quarter 2007.

Completed working papers (Under review or revision)

1. "The Role of Information Asymmetry due to Diversification in Explaining the Firm Value Discount" with Mathur, and Nam, 2004.

2. “The Effect of Managerial Bonus Plans on Corporate Derivatives Usage,” with J. Nam and J. Thornton Jr.

3.  “Capital Expenditure Announcements, Insider Trading, and Ownership: Tests of the Joint Signaling Hypothesis.” with A. Gottesman, and J. Nam.

4. “The Effect of Managerial Stock Options on the Choice of Derivatives Instruments,” with J. Nam and J. Thornton, 2005. Presented at the EFA conference, Norfolk VA, April 2005.

5.  “The Operational Hedging Strategies of U.S. High Tech Firms,” with K. Gleason, and I. Mathur.

6. “Does a Firm’s Hedging Really Increase the Shareholder Wealth?,” with J. Nam.

7. “The relation among targets’ R&D activities, acquirers’ return, and in-process R&D,” with R. Song, and K. Hsu, 2007.

8. “Which Monitors Monitor the Most? Dual-Stock Structure and Corporate Governance,” with Hoje Jo, Apr 2007.