Hyun Joong Im

The University of Seoul

Associate Professor of Finance

163 Seoulsiripdae-ro

Dongdaemun-gu

Seoul, 02504

Korea, Republic of (South Korea)

SCHOLARLY PAPERS

17

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2,889

SSRN CITATIONS
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SSRN RANKINGS

Top 37,853

in Total Papers Citations

13

CROSSREF CITATIONS

7

Ideas:
“  I am working on various issues in corporate finance: capital structure; investment efficiency; innovation; payouts and cash holdings; and corporate social responsibility. In particular, I am interested in strategic interactions between firms and the interaction between stock markets and corporate decisions. I am also interested in evaluating various policy issues.  ”

Scholarly Papers (17)

1.

Policy Uncertainty and Peer Effects: Evidence from Corporate Investment in China

International Review of Financial Analysis, 2021, Volume 77, Article 101834
Number of pages: 45 Posted: 09 Jan 2016 Last Revised: 20 Jul 2021
Hyun Joong Im, Jia Liu and Young Joon Park
The University of Seoul, University of Salford and Peking University - HSBC School of Business
Downloads 519 (74,512)
Citation 3

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Corporate Investment Policy, Peer Effects, Economic Policy Uncertainty, Underinvestment, Information Cascade

2.

CSR Performance and the Quantity and Economic Value of Innovation: The Mediating Role of Stakeholders

Number of pages: 45 Posted: 08 Apr 2020 Last Revised: 11 Feb 2022
Hyun Joong Im and Jia Liu
The University of Seoul and University of Salford
Downloads 300 (139,501)

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value of innovation; corporate social responsibility; financing constraints; growth options; innovation efficiency; stakeholders; employees; customers; creditors

3.

Heterogeneity in Investment Spike Financing

Financial Intermediation Research Society Conference 2017; FMA Annual Meeting 2017; FMA European Meeting 2017; AsFA Annual Meeting 2017; PKU-NUS Conference 2017; Australasian Finance and Banking Conference 2014
Number of pages: 59 Posted: 20 Jul 2014 Last Revised: 01 Feb 2020
Hyun Joong Im, Colin Mayer and Oren Sussman
The University of Seoul, University of Oxford - Said Business School and European Corporate Governance Institute (ECGI)
Downloads 275 (151,993)

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Capital Structure, Corporate Finance, Lumpy Investment, Investment Spikes

4.

Uncertainty, Investment Spikes, and Corporate Leverage Adjustments

China International Conference in Finance 2018; PKU-NUS Conference 2018; AsFA Annual Meeting 2017; FMA Annual Meeting 2016; FMA Asia-Pacific Meeting 2016; Word Finance Conference 2016
Number of pages: 54 Posted: 15 Feb 2016 Last Revised: 26 Apr 2022
Hyun Joong Im, Robert W. Faff and Chang Y. Ha
The University of Seoul, University of Queensland and Peking University - HSBC School of Business
Downloads 265 (157,757)
Citation 3

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Capital Structure, Uncertainty, Investment Spikes, Adjustment Speeds

5.

Liquidity, Information Production, and Debt-Equity Choice

Number of pages: 50 Posted: 29 Jul 2019 Last Revised: 30 Aug 2021
William M. Cheung, Hyun Joong Im and Thomas H. Noe
Waseda University, The University of Seoul and University of Oxford - Said Business School
Downloads 236 (176,819)
Citation 3

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Information, Stock liquidity, Debt issuance, Equity issuance, Capital structure

6.

Uncertainty and the Value of Cash Holdings

Economics Letters, 155, 2017, pp. 43-48
Number of pages: 13 Posted: 28 Feb 2017 Last Revised: 26 Dec 2017
Hyun Joong Im, Heungju Park and Gege Zhao
The University of Seoul, Sungkyunkwan University - SKK Business School and Peking University - HSBC School of Business
Downloads 201 (205,471)
Citation 2

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Uncertainty, Cash Holdings, Real Options, Financial Constraints, Agency Costs

7.

Product Market Competition and the Value of Innovation: Evidence from US Patent Data

Economics Letters, 137, 2015, pp. 78-82
Number of pages: 13 Posted: 18 Jul 2015 Last Revised: 26 Dec 2017
Hyun Joong Im, Young Joon Park and Janghoon Shon
The University of Seoul, Peking University - HSBC School of Business and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 199 (207,337)
Citation 5

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Innovation, Product Market Competition, Value of Innovation, Tariff Cuts

8.

The Effect of Technological Imitation on Corporate Innovation: Evidence from US Patent Data

Research Policy, Vol. 48 (2019), 103802
Number of pages: 66 Posted: 09 Jan 2017 Last Revised: 08 Aug 2019
Hyun Joong Im and Janghoon Shon
The University of Seoul and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 167 (241,266)
Citation 1

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Corporate Innovation, Technological Imitation, Value of Innovation

9.

Effect of stock liquidity on the economic value of patents: Evidence from U.S. patent data

Number of pages: 46 Posted: 24 Feb 2020 Last Revised: 16 May 2022
The University of Seoul, Peking University - HSBC Business School and University of Queensland - Business School
Downloads 118 (320,152)

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value of innovation, liquidity, feedback mechanism, institutional monitoring

10.

Dividend Taxes and Investment Efficiency: Evidence from the 2003 U.S. Personal Taxation Reform

Journal of Accounting and Economics, Volume 4, No. 1, August 2022 (Forthcoming).
Number of pages: 53 Posted: 04 Jun 2020 Last Revised: 13 May 2022
Sungkyunkwan University (SKKU), College of Business Administration, Univ of Seoul and The University of Seoul
Downloads 116 (322,140)

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Dividend Taxation, Investment Efficiency, Financial Constraints, Free Cash Flows

11.

Asymmetric Peer Effects in Capital Structure Dynamics

Economics Letters, Vol. 176, 2019, pp. 17-22
Number of pages: 16 Posted: 02 Aug 2015 Last Revised: 31 Dec 2018
Hyun Joong Im
The University of Seoul
Downloads 113 (326,200)

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Peer Effects, Capital Structure, Speed of Adjustment, Leverage Adjustments

12.

Transient Institutional Ownership, Costly External Finance, and Corporate Cash Holdings

Number of pages: 41 Posted: 12 Feb 2020 Last Revised: 01 Jun 2021
The University of Seoul, Sungkyunkwan University - SKK Business School, Curtin University and University of Queensland
Downloads 94 (368,271)

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Transient Institutional Ownership, Cash Holdings, Debt-Holder-Shareholder Conflicts, Stock Price Crash Risk

13.

Stock Liquidity and Investment Efficiency: Evidence From Two Quasi-Natural Experiments in China

Number of pages: 58 Posted: 18 Nov 2021 Last Revised: 28 Mar 2022
Waseda University, The University of Seoul and Peking University - HSBC Business School
Downloads 77 (414,900)

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Stock liquidity, Investment efficiency, Institutional ownership, Information efficiency, Corporate governance

14.

The Effect of Stock Liquidity on Corporate Cash Holdings: The Real Investment Motive

International Review of Finance, Forthcoming.
Number of pages: 20 Posted: 14 Jul 2020 Last Revised: 02 Feb 2022
Hyun Joong Im, Barry R. Oliver and Heungju Park
The University of Seoul, University of Queensland - Business School and Sungkyunkwan University - SKK Business School
Downloads 76 (417,992)

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stock liquidity, cash holdings, investment opportunities, external financing costs

15.

Effects of Business Group Affiliation on Trade Credit Finance: An Empirical Analysis of Public Firms in Korea

Number of pages: 60 Posted: 02 Jul 2020 Last Revised: 24 Jan 2022
Byung-Uk Chong and Hyun Joong Im
College of Business Administration, Univ of Seoul and The University of Seoul
Downloads 69 (440,479)

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Short-Term Debt Financing, Trade Credit, Business Group Affiliation, Financial Constraints, Bargaining Power

16.

Lumpy Investment and Expected Stock Returns

Economics Letters, Vol. 193 (2020), 109263
Number of pages: 16 Posted: 23 Jun 2020 Last Revised: 17 Jul 2020
Hyun Joong Im and Heungju Park
The University of Seoul and Sungkyunkwan University - SKK Business School
Downloads 57 (484,061)

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lumpy investment, investment spike, stock return predictability, time-varying risk premium

17.

Access to Public Capital Markets and the Extension of Trade Credit: An Empirical Analysis of Korean Public and Private Firms

Finance Research Letters, Forthcoming.
Number of pages: 15 Posted: 14 Sep 2021 Last Revised: 18 Jan 2022
Hyun Joong Im and Byung-Uk Chong
The University of Seoul and College of Business Administration, Univ of Seoul
Downloads 7 (802,948)

Abstract:

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business group, public capital market, trade credit, public listing