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Dr. E. Han Kim, Professor of Finance, Delivers Special Lecture
The title of the lecture is “Equity Financing, Capital Skill Complementarity”
The title of the lecture is “Equity Financing, Capital Skill Complementarity”
On April 21 (Fri), the Finance Seminar, hosted by the Area of Finance, was held in room 216 of LG-POSCO Building. The world-renowned scholar E. Han Kim was invited as a guest speaker. The title of the lecture was “Equity Financing, Capital Skill Complementarity.” KUBS Dean Soo Young Kwon and about 40 master’s and doctoral students attended the lecture.
The seminar began with a welcome address and a brief introduction of the speaker by Professor Dongcheol Kim. Professor E. Han Kim initiated the lecture by introducing his recent publication titled “Equity Financing, Capital Sill Complementarity.” The paper covers whether infusion of new capital affects wages.
“If you take a closer look at employee composition by education of high-skilled employees, higher labor costs are driven by capital skill complementarity,” Professor Kim said. “More broadly, our results illustrate how differential access to stock markets affects the relative demand for high- versus low-skilled employees, which, in turn, might influence income inequality.”
“If you take a closer look at employee composition by education of high-skilled employees, higher labor costs are driven by capital skill complementarity,” Professor Kim said. “More broadly, our results illustrate how differential access to stock markets affects the relative demand for high- versus low-skilled employees, which, in turn, might influence income inequality.”
Moreover, an active discussion stood out during the seminar. The participants asked in-depth questions related to the paper while having an incisive debate over the reality of Korea. This scholarly discussion became heated as Professor Kim answered the questions. “Although Finance is not my area of study, the lecture given by the world-renowned professor helped me understand the area even better,” Hyung-Keun Song (master’s student of MIS) said.
Professor E. Han Kim currently serves as a professor at the University of Michigan. He is also known as the world’s eminent finance scholar who has been contributing to boost the research reputation of Korea by consistently publishing papers in the top finance journals.
Professor E. Han Kim currently serves as a professor at the University of Michigan. He is also known as the world’s eminent finance scholar who has been contributing to boost the research reputation of Korea by consistently publishing papers in the top finance journals.