I am an Assistant Professor of Finance at Korea University Business School (KUBS). My research interests lie in the areas of corporate finance, which include labor finance, entrepreneurial finance, and environment, social, and governance (ESG).

Email: sunwoo_hwang(at)korea.ac.kr

SSRN / Google Scholar 

Curriculum Vitae

I co-organize the K virtual finance seminar (link). 

News:
In 2025, I will be traveling to Taiwan in February to present "Time to Innovate" at Academia Sinica and to Singapore in March to present "Labor-Management Relational Capital" at the SGFIN Conference on Sustainability.

Research assistant opportunities:
Students interested in gaining hands-on experience in academic research in financial economics are welcome to contact me via email to discuss the details. There are opportunities across diverse subtopics, including gig economy, open banking, climate risk, gender economics, and consumer finance. Current projects utilize cutting-edge datasets from Korea, including proprietary data on credit card spending by consumers and small businesses, tax-filing-based transaction data between millions of businesses, scope 1/2/3 carbon emission data (under construction), patent data, and employee-employer-matched panel data

Working Papers

Time to Innovate with Sooji Kim

Labor-Management Relational Capital with Biwon Lee

Indirect Employment and Innovation

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

Revealed Board Non-Independence


Publications

Does Diversification of Share Classes Increase Firm Value?  with Sojung Kim and Woochan Kim, 2020, Asian Review of Financial Research

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


Teaching 

Korea University Business School


University of North Carolina at Chapel Hill, Kenan-Flagler Business School