Finance
Kim, Dongcheol 김동철
- Professor
- Investment, Risk Management
- Room 602 in LG-POSCO bldg.
- TEL : 02-3290-2606
- Email : kimdc@korea.ac.kr
- Fax : 02-922-7220
- Homepage :
- Office Hour :
Education
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B.E., Seoul National University (1979)
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M.S., Korea Advanced Institute of Science and Technology (KAIST) (1981)
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M.S. in Statistics, University of Michigan (1988)
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Ph.D., University of Michigan (1984 - 1989)
Career
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2004 – Present: Professor of Finance, Korea University Business School
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2008 & 2014: Visiting Professor of Finance, Rutgers, The State University of New Jersey
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2003 - 2004: Professor, College of Economics and Finance, Hanyang University
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1996 - 2006: Associate Professor of Finance, Rutgers, The State University of New Jersey (with tenure)
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1990 - 1995: Assistant Professor of Finance, Rutgers, The State University of New Jersey
Professional Activities
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2013.1 - 2013.12: President of the Korean Finance Association
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2009.3 - 2010.2: President of the Korean Securities Association
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2006.4 - 2008.3: Editor-in-Chief, Asia-Pacific Journal of Financial Studies
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Executive Director of Korean Securities Association, Korean Finance Association, and Korean Academic Society of Business Administration
Academic Honors:
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2012: "Excellent Scholar," Humanities and Social Sciences Area, National Research Foundation of Korea
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Top ranked in Asia-Pacific countries in finance research performance for the period of 1990-2008 (Source: Chan, Chen, and Lee, "A Long-Term Assessment of Finance Research Performance among Asia-Pacific Academic Institutions (1990-2008)," Pacific-Basin Finance Journal, Vol. 19 (2011), pp.157-171).
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No.1 ranked in Korea in finance research performance for the period of 1990-2010 (Source: Chan, "Retrospective Analysis of Finance Research among Korean Insitutions and Authors (1990-2010)," Asia-Pacific Journal of Financial Studies, Vol. 40 (2011), pp.599-626).
Publications
Papers Published in Refereed Academic International Journals:
- “The Financial Distress Puzzle in Bank Returns,” Forthcoming in Accounting & Finance (with Inro Lee).
- "Financial Distress, Short Sale Constraints, and Mispricing,"Pacific-Basin Finance Journal 53, February 2019, pp.94-111 (with Inro Lee and Haejung Na).
- "Investor Sentiment, Anomalies, and Macroeconomic Conditions,"Asia-Pacific Journal of Financial Studies 47, December 2018, pp.751-804 (with Haejung Na).
- "The Forecast Dispersion Anomaly Revisited: Time-Series Forecast Dispersion and the Cross-Section of Stock Returns,"Journal of Empirical Finance 39, December 2016, pp.37-53 (with Haejung Na).
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"On the Information Uncertainty Risk and The January Effect," Journal of Business, Vol.79(5), July 2006, pp.2127-2162. Also, summarized in the CFA Digest, Vol.37(1), February 2007.
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"On the Number of Factors and the Role of Market Returns in Linear Factor Models," Advances in Quantitative Analysis of Finance and Accounting, Vol.3 (Part A), 1995, pp.15-45 (with Cheng-few Lee).
Papers Published in Refereed Academic Korean Journals:
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"Is Accounting Information Quality Priced in the Korean Markets?” Korean Journal of Financial Studies, Vol. 39(1), February 2010, pp.133-159.(two co-authors including O. Ahn)
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"Detecting Structural Shifts of the Risk-Return Tradeoff,” Journal of Economic Research, Vol.8(1), 2003, pp.21-50.
Books
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Modern Portfolio Theory: Foundations, Analysis, and New Developments , John Wiley & Sons: New York, 2013 (with Jack Clark Francis). [ISBN: 978-1-1183-7052-0] .
Research
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Research Interests
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Asset pricing models
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Market efficiency in capital markets (Related with asset pricing models)
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Earnings information quality
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Risk management
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