Sunwoo Hwang

I am a Ph.D. Candidate in Finance at UNC's Kenan-Flagler Business School and on the 2019-2020 job market. My research focus on entrepreneurial finance, innovation, corporate governance, labor and finance, and corporate social responsibility.

Email: sunwoo_hwang(at)

SSRN / Google Scholar / ResearchGate / Blog

Curriculum Vitae

Working Papers

Securing Innovation: Does Employee Job Security Spur Innovation and Entrepreneurship? (Job Market Paper)

Mandating Women on Boards: Evidence from the United States with Anil Shivdasani and Elena Simintzi

  • R&R at Review of Financial Studies
  • Featured in Harvard Law School's Forum on Corporate Governance and Financial Regulation (Link)

Changing of the Guards: Does Succession Planning Matter? with Dragana Cvijanovic and Nickolay Gantchev

  • Featured in Columbia Law School’s Blog on Corporations and the Capital Markets (Link)

Black Directors: Sarbanes Oxley and Hidden Board Independence

Does Diversification of Share Classes Increase Firm Value? with Sojung Kim and Woochan Kim

Shareholder- vs. Stakeholder-Initiated Corporate Social Responsibility


Barriers to Entrepreneurship and Education Irrelevance

Theory of Governance: the Generalized Method of Moments Framework

Pre-PhD Papers

When Heirs Become Major Shareholders: Evidence on Pyramiding Financed by Related-Party Sales with Woochan Kim, 2016, Journal of Corporate Finance

Managerial Entrenchment of Anti-Takeover Devices: Quasi-Experimental Evidence from Korea with Woochan Kim, 2012, Pacific-Basin Finance Journal