Research Interest

My research focuses on corporate finance (both theoretical and empirical) and ranges from corporate governance to entrepreneurial finance.


Working Papers

“Grey Directors and Board (Non-)Independence” (SSRN)

– To be presented at FMCG 2018
– Presented at UNC Chapel Hill

“Changing of the Guards: Does Succession Planning Matter?” with Dragana Cvijanovic and Nickolay Gantchev (SSRN)

– Presented at SFS Cavalcade NA 2017, EFA 2017, Drexel Corporate Governance Conference 2017, LSE, University of Reading, and UNC Chapel Hill
– Introduced at Columbia Law School’s blog on corporations and the capital markets (Link)



“When Heirs Become Major Shareholders: Evidence on Pyramiding Financed by Related-Party Sales,” with Woochan Kim, Journal of Corporate Finance, 2016, Vol. 41, pp. 23-42 (Published version, SSRN)

“Managerial Entrenchment of Anti-Takeover Devices: Quasi-Experimental Evidence from Korea,” with Woochan Kim, Pacific-Basin Finance Journal, 2012, Vol. 20, No. 4, pp. 614-638 (Published version, SSRN)



“Theory of Governance: the Generalized Method of Moments Framework”

– Presented at UNC Chapel Hill (May and November 2016)

“Theory of Outsider Entrenchment and Board Diversity”

– To be presented at UNC Chapel Hill (Spring 2018)

“Tax, Investment, and Employment”

– To be presented at UNC Chapel Hill (Spring 2018)

“Corporate Board as Governance Mechanism Controller”

– Presented at UNC Chapel Hill (May 2016)


Permanent Working Paper

“Selection Into Entrepreneurship in MBA labor market,” with Camelia Kuhnen and Manju Puri.

– Presented at UNC Chapel Hill (February and August 2015)


Paper Links

Google Scholar
Social Science Research Network (SSRN)