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  • Hyun Joong Im, Ph.D

  • Assistant Professor
  • DPhil, Financial Economics, University of Oxford
  • Fields:Corporate Finance and Banking, Stock Markets and Corporate Finance, Macroeconomic Implications of Corporate Finance and Banking, Regulation of Financial Institutions
  • Office Phone Number:86-755-2603-3627
  • Office Room:645
  • Email:hyun.im@phbs.pku.edu.cn
Research Fields:
Corporate Finance and Banking
Stock Markets and Corporate Finance
Macroeconomic Implications of Corporate Finance and Banking
Regulation of Financial Institutions

Education:
D.Phil., Financial Economics, University of Oxford, July 2012
M.Sc., Financial Economics, University of Oxford, July 2007
M.Com. (Hons.), Economics and Finance, University of Sydney, July 2006
B.Econ. (Major: Statistics, Minor: Economics), Korea University, February 1999
 
Working Experience:
2012.8-2014.8 Assistant Professor of Finance, Renmin University of China
2014.1-2014.2 Academic Visitor, Nuffield College, University of Oxford
2007.10-2011.6 Doctoral Teaching Fellow, University of Oxford
2002.2-2004.4 Investment Analyst, Korea Development Bank-Lone Star Co., Ltd.
2001.7-2002.2 Equity Analyst, Samsung Investment Trust Management Co., Ltd.
1998.4-2001.7 Deputy Director, Ministry of Finance and Economy, Republic of Korea
Published Papers:
"Product Market Competition and the Value of Innovation: Evidence from US Patent Data" (with Young Joon Park and Janghoon Shon), Economics Letters, 137, 78-82, December 2015

Working Papers:
“Investment Spike Financing” (with Colin Mayer and Oren Sussman)
Earlier version “Lumpy Investment and Financing Patterns” awarded the best paper award at both Oxford-Cambridge-Warwick Business Schools Spring Doctoral Conference 2010 and Oxford Saïd Business School Winter Doctoral Conference 2010; Earlier version “Determinants of Investment Spike Financing” presented at Australasian Finance and Banking Conference 2014, China Economic Association Conference 2014, China Finance Review International Conference 2015, and Seoul National University; Submitted.
 
“Stock Liquidity and Corporate Financing: Evidence from Natural Experiments” (with William Cheung and Bohui Zhang)
Earlier version “Does Share Liquidity Increase the Propensity to Raise Debt Finance?” presented at Oxford-Cambridge-Warwick Business Schools Spring Doctoral Conference 2011, Australasian Finance and Banking Conference 2013, and Financial Management Association International Annual Meeting 2013; Earlier version accepted for presentation at Paris Financial Management Conference 2013 and China Economic Association Conference 2014; Earlier version presented at University of Oxford, Australian National University, University of Melbourne, BI Norwegian Business School, Peking University, Renmin University of China, Korea University Department of Economics, Korea University Business School, Seoul National University, and Yonsei University; Being revised.
 
“Economic Policy Uncertainty and Peer Effects in Corporate Investment Policy” (with Ya Kang and Young Joon Park)
Being revised.
 
“Uncertainty, Major Investments, and Capital Structure Dynamics” (with Chang Yong Ha, Ya Kang, and Janghoon Shon)
Accepted for presentation at World Finance Conference 2016, Financial Management Association (FMA) Annual Meeting 2016, and Financial Management Association (FMA) Asia-Pacific Conference 2016; Being revised.
 
“Peer Effects in Capital Structure Dynamics: Learning from Peers’ Successes and Failures” (with Chang Yong Ha, Ya Kang, and Janghoon Shon)
Earlier version presented at Australasian Finance and Banking Conference 2015; Being revised.
 
“Lumpy Investment and Filtering Techniques” Being revised. 

Work in Progress
“Uncertainty, Investments, and the Value of Cash Holdings” (with Heungju Park and Gege Zhao)

“Personal Taxation and Investment Efficiency: Evidence from the 2003 US Tax Cut” (with Chang Yong Ha and Fangbo Si)

“Privatization and Investment Efficiency: Evidence from China’s Share Split Reform” (with Chang Yong Ha, and Tong Li) 
 
“Product Market Competition and Peer Effects in Corporate Innovation” (with Ya Kang, Young Joon Park, and Janghoon Shon)
 
“Financial Reporting Quality and the Value of Cash Holdings” (with Ya Kang and Rui Shen)
 
“Does Corporate Social Responsibility Increase Stock Liquidity?” (with Yexiang Xu and Chang Yong Ha) 

“Media Coverage and Financial Constraints” (with Jun-Koo Kang and Fangbo Si) 
Theoretical Foundations of Corporate Finance
Empirical Asset Pricing
Empirical Banking