Sunwoo Hwang

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)

SSRN / Google Scholar / ResearchGate 

Curriculum Vitae

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

Working Papers

Labor-Management Relational Capital with Biwon Lee

Contingent Employment and Innovation

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

Revealed Board Non-Independence


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


Korea University Business School

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