Malaysia is one of Asia's biggest employers of foreign labour. But recently, cases of deaths, abuse and forced labour have come to light. What is going on? Who is protecting these migrant workers?
It is about. The vocals pitch of male CEOs is an “honest signal of their hormonal quality.” we use digitally voice that is analyzed of 167 Wall Street male CEO interviews on CNBC throughout the 2008 financial meltdown and locate a negative relationship between your vocals pitch for the CEO additionally the threat of the firm. Deep-voiced male CEOs were prone to be fired following the economic crisis up until 2012. Begin to see the full instance of Barclays right next! Microstructure occasion research reveals that deeply voiced CEOs’ TV interviews increased stock return volatility transitorily during the full moment associated with interviews.
Presented at Nanyang company class in Singapore, Deakin University, Asian FA 2018 at Tokyo, KAIST, Seoul nationwide University, Seoul Quant Conference 2017, the University of Michigan – Flint
(with Jen CHANG and Min Jung KANG)
Most useful Paper Award: Asian-Pacific Conference on Global Accounting Problems 2018
Presented at Asian-Pacific Conference on International Accounting problems, bay area, November 2018; the Joint Accounting Workshop of SKKU & nationwide Taipei University, May 2018 – by Jen CHANG.
It is about. Whenever bankers that are commercial in the board as separate directors of borrowing organizations, they fire the CEOs more sensitively to firm risk, and afterwards the company danger decreases. It supports conflict that is” of” theory.
Presented at ILERA worldwide Congress 2018 in Seoul, Korea 2018
It is about. Making use of the transcripts of 7,000 CEO interviews on CNBC, we investigate whether male and female CEOs vary pertaining to self-attribution bias.
“Predicting North Korean Aggression operating Foreign brief product Sales and Media Tone”(with Min Jung KANG, Doug KIM, & Hosung JUNG) – Outstanding outside Collaboration Award by Bank of Korea, 2014 (???? ?? ?????? ? ??) Presented at FMA 2017, Boston.
It is about. We utilize North Korea as an exogenous surprise towards the degree of geopolitical danger of Southern Korea, since the former transitioned from a situation without nuke/ICBM to a situation with people within the final ten years. A permanent -1.59% vehicle in Korean market and -0.88% vehicle in america market are reported whenever NK tests the tools, but just brief run overreaction is discovered for NK armed forces aggressions. We detect irregular short product sales from the international organizations associated with the nations having diplomatic relations with NK (especially the UK) before the shock assaults and nuke evaluation (although not for the people through the countries without), which implies insider trading that is geopolitical.
Presented at Seoul nationwide University, SKKU, Korea University, Hong Kong City University, Hong Kong Polytech, KAIST, NTU, AECF (Asian Economic online community, Incheon, Korea, 9/20/2014).
It is about. Whether better liquidity of this currency markets drives the ongoing business to be much more or less myopic actually hinges on what type of institutional investors have actually big ownership associated with company. We utilize the decimalization associated with the stock exchange in 2001 being a shock that is exogenous market liquidity in order to find that the businesses with additional ownership by transient institutional investors became more myopic with regards to CEO dismissal.
It is about. After receiving tremendous public critique due in component to the provocative news depiction of the CEO, in a write-up en titled “Goldman’s employer: We do God’s work,” Goldman Sachs jumped up to rank # 2 with regards to philanthropic efforts (PC, hereafter) this year. Making use of analysis that is textual of million news articles in regards to the biggest 100 businesses in america over 2000
2010, we realize that businesses strengthen their CSR performance and save money on Computer once the general public viewpoint about their CSR is negative with intensive news protection.
Presented at Korea University, nationwide University of Singapore, SKKU, Yonsei University, and CAFM 2013.
“CEO Interviews on CNBC” (with Felix Meschke)
It is about. Individual investors get stoked up about the ongoing business and get the stock as soon as the business gets news attention. CEO meeting produces excitement that is genuine attention with minimum brand new information as a result of the concern of fair disclosure. Effective market theory would anticipate no price a reaction to such pseudo occasion, but we nevertheless find significant reversal and jump. The magnitude of reaction is just a function associated with the viewership. Institutional investors short offer more on the full times of news interviews.
Presented in the AFA (by coauthor), CICF, Singapore Finance Conference, SKKU GSB
It is about. Whenever bankers that are commercial in the board how much of my paper is plagiarized as separate directors of borrowing organizations, they decrease stock cost crash danger, specially when the borrowing company’s credit danger is high. It supports “financial expertise” hypothesis.
Presented during the AFA2017 Chicago Meeting, 2017 SFM Taiwan Conference, the University of Edinburgh, Cambridge University, the Asian FMA 2015, Seoul, Korean Finance Association fulfilling 2015, KAIST, Seoul National University, and UNIST,
Winner regarding the most useful paper honor (second greatest) at SFM Taiwan Conference 2017, Korean Finance Association Meeting 2015
It is about. : simply how much does the masculinity regarding the CEO impact the threat of the company? Using facial width-to-height ratio (fWHR), a great proxy for masculinity this is certainly considered to be related to aggressive danger looking for behavior, we realize that masculine experienced CEOs (1) increase company riskstock return volatility & idiosyncratic vol; (2) keep high leverage ratio; (3) are far more acquisitive more # of discounts, $$$ on discounts, purchase premium and reduced purchase announcement return; and (4) receive high VEGA settlement. We find robust outcomes making use of AI measured fWHR. FinTech implication: banks could enhance measuring the danger preference of retail customers through the use of scanned picture IDs.
Python coding of (measuring fWHR) available upon demand – Please cite us.
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