Peer-reviewed articles indexed in the Korea Citation Index (KCI), listed by research area.
Cooperative Finance and Financial Inclusion
The Effect of Increased Real Estate Collateral Lending on the Performance of Community Financial Institutions: A Regional Comparison, Management Research, 38(1), 2023.
A Comparative Study on Management Efficiency and Financial Inclusion of Community Credit Cooperatives by Region, Korean Journal of Business Administration, 36(1), 2023.
The Effect of Branch Reduction of Community Financial Institutions on Regional Financial Inclusion and Management Efficiency, Journal of Regional Development, 54(3), 2022.
The Effect of Regional Financial Inclusion on the Management Indicators of Community Credit Cooperatives, Asia-Pacific Journal of Business, 13(4), 2022 (with Jinhee Kim and Soonhong Park).
A Study on Financial Inclusion of Community Credit Cooperatives by Region, Korean Business Education Review, 37(6), 2022 (with Soonhong Park).
A Study on Financial Cooperatives and Online Platforms for Regional Co-Prosperity, The e-Business Studies, 23(7), 2022.
Utilizing Institutional Characteristics to Improve the Profitability of Financial Cooperatives, The e-Business Studies, 23(6), 2022.
An Innovation Strategy for Inclusive Finance Based on Big Data, Journal of Corporate and Innovation Studies, 46(2), 2023.
Outcomes and Implications of Inclusive Policy Finance: The Case of the Sunshine Loan, Asia-Pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology, 8(11), 2018 (with Jinsung Bae and Juwan Park).
Determinants of Credit Risk among Low-Income Individuals, Journal of Industrial Innovation, 33(4), 2017.
The Effect of Subjective Views on Health, Longevity, and Retirement on Private Annuity Demand, Journal of Risk Management, 32(1), 2021 (with Jihoon Son and Sunae Kim).
Credit Guarantee Systems and Micro-Enterprise Finance
Determinants of Fiscal Risk in Credit Guarantee Institutions for Micro-Enterprises in Daegu and Gyeongbuk, Daegu Gyeongbuk Studies, 20(1), 2021.
The Impact of Deteriorating Business Conditions of Micro-Enterprises on the Fiscal Risk of Guarantee Institutions, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 16(1), 2021.
Expanding the Efficiency of the Credit Guarantee System through Credit Insurance Principles, Korea Business Review, 10(1), 2017.
A Study on the Financial Stability of Regional Credit Guarantee Funds, Management Research, 30(2), 2015.
Testing the Relationship between Business Cycles and Credit Guarantees for Micro-Enterprises, Management Research, 29(4), 2014 (with Jisoo Kim).
A Study on the Supply Capacity of Credit Guarantees for Micro-Enterprises, Korean Regional Economics Review, 12(1), 2014.
Improving the Efficiency of Policy Funds for Micro-Enterprises, Asia Pacific Journal of Small Business, 35(4), 2013.
A Survey Study on the Effects of Policy Finance Support for Micro-Enterprises, Yeongsang Journal, 5(1), 2012.
Credit Assessment, Fintech, and Big Data
Machine Learning Approaches to Analyzing Determinants of Sales by Industry among the Self-Employed, Journal of Corporate and Innovation Studies, 45(2), 2022 (with Mansoo Kang).
The Relationship between Personality Traits and Financial Behavior of Individuals, Journal of Corporate and Innovation Studies, 42(4), 2019 (with Hankeun Lee).
Determinants of Credit Risk in Inclusive Policy Finance: A Survival Analysis, Korean Regional Economics Review, 37, 2017 (with Mansoo Kang and Heeyoung Son).
The Role of Fintech in Activating the Mid-Rate Lending Market, Journal of Industrial Economics and Business, 30(4), 2017 (with Mansoo Kang).
Does Non-Financial Information Matter in Credit Scoring of Micro-Enterprises?, Korean Journal of Management Consulting, 16(2), 2016 (with Hyungtak Lee and Mansoo Kang).
The Effect of Fintech Industry Growth on Relationship Banking for SMEs, Korea Business Review, 8(3), 2014.
Small Business, Commercial Districts, and the COVID-19 Shock
Differential Determinants of the Impact of COVID-19 Concerns on the Self-Employed, Asia Pacific Journal of Small Business, 44(2), 2022 (with Jongwook Lee and Namsoo Cha).
Regional Differences in the Impact of the COVID-19 Pandemic and the Effectiveness of Government Support Policies, Korean Regional Economics Review, 51, 2022.
An Analysis of the Impact of the COVID-19 Pandemic on Micro-Enterprises in Gyeonggi Province, Journal of Corporate and Innovation Studies, 44(4), 2021 (with Sunju Moon and Mansoo Kang).
The Effect of Commercial District Characteristics on Business Closure Rates among the Self-Employed: Evidence from 25 Districts of Seoul, Journal of Corporate and Innovation Studies, 42(3), 2019.
A Study on the Classification of Life-Related Business Types in Seoul, Korean Regional Economics Review, 41, 2018 (with Mansoo Kang).
Regional Economy and Policy Evaluation
The Impact of Labor Cost Shocks on the Regional Economy of Gwangju and Jeonnam, Journal of Corporate and Innovation Studies, 43(3), 2020 (with Seungwook Jang).
The Effect of Unexpected Minimum Wage Shocks on Employment by Industry and Job Characteristics, Journal of Industrial Economics and Business, 33(4), 2020 (with Sangsoo Lim and Jongha Lee).
Strategies and Governance for Improving the Effectiveness of the Gwangju-Type Job Policy, Journal of Fiscal Policy, 22(1), 2020 (with Hyunwoo Jung).
The Economic Ripple Effects of the Ceramics Industry, Journal of Industrial Economics and Business, 30(2), 2017 (with Sangsoo Lim, Jongha Lee, and Won Joo).
Real Estate Finance for Public Land Development, Daegu Gyeongbuk Studies, 11(1), 2012.
The Effect of the 2011 Local Tax Act Amendment on Fiscal Equity across Autonomous Districts, Daegu Gyeongbuk Studies, 10(3), 2011.
Asset Pricing and Corporate Finance
Idiosyncratic Volatility, Conditional Liquidity, and the Cross-Section of Stock Returns, Asia-Pacific Journal of Business, 12(1), 2021 (with Sungsoon Cho and Soonhong Park).
Growth Option, Uncertainty, and R&D Investment, Journal of Corporate and Innovation Studies, 43(1), 2020 (with Seungwook Jang).
Firm Characteristics and Idiosyncratic Volatility: Dividend Policy and Corporate Governance, Management Research, 34(3), 2019 (with Seungwook Jang).
The Effect of Idiosyncratic Risk on Corporate Investment Decisions, Management Research, 32(3), 2017 (with Seungwook Jang).
Does Profitability Explain the Value Premium in the Korean Stock Market?, Management Research, 31(3), 2016 (with Sungsoon Cho and Soonhong Park).
Do Firm Volatility Factors Predict Stock Returns?, Korean Journal of Financial Engineering, 13(2), 2014.
The Fundamental Source of the Value Premium: Superior Earning Power or Market Mispricing?, Korean Journal of Financial Engineering, 11(4), 2012 (with Jisoo Kim).
A Target Adjustment Model of Capital Structure Decisions in Korean Firms, Yonsei Business Review, 49(2), 2012 (with Yeonwook Choo and Bonil Ku).
Firm Volatility and the Cross-Section of Stock Returns, Asian Review of Financial Research, 24(1), 2011 (with Bonil Ku and Youngho Eom).
Comparing the Explanatory Power of the Value Premium and Firm Volatility Factors for Stock Returns, Korean Journal of Financial Engineering, 10(4), 2011.
The Effect of Corporate Governance on Firm Value under Varying Market Competition, Korean Business Education Review, 26(1), 2011 (with Soonhong Park).
Macroeconomic Factors and the Cross-Section of Stock Returns in the Korean Market, Management Research, 25(3), 2010.
A Three-Factor Model Including a Liquidity Factor in the Korean Stock Market, Asian Review of Financial Research, 22(1), 2009 (with Bonil Ku, Youngho Eom, and Jaehoon Han). — Best Paper Award, Korean Finance Association, 2009
Corporate Responsibility, Development Cooperation, and Evaluation
Developing Evaluation Indicators for the Social Impact of Universities Using AHP Analysis, Journal of Corporate and Innovation Studies, 47(1), 2024 (with Nanhee Kim and Donghee Kang).
Effects of Overseas Remittances on Economic Growth of South-East Asian Countries, Journal of Trade Credit and Insurance, 24(1), 2023 (with Munkhgerel Bayarmagnai and Jongha Lee).
Official Development Assistance Based on Big Data: Establishing an Information Analysis Service System, International Commerce and Information Review, 24(3), 2022 (with Mansoo Kang and Hyungmook Park).
Strategies for Corporate Social Responsibility in Small and Medium Enterprises, Journal of CEO and Management Studies, 21(1), 2018 (with Hyungtak Lee).
The Effect of Turnover on Employee Recruitment Costs: Evidence from the Human Capital Corporate Panel, Journal of Corporate and Innovation Studies, 41(1), 2018 (with Mansoo Kang).
An Analysis of Evaluation Frameworks for Corporate Social Responsibility Strategies in Small and Medium Enterprises, Journal of Human Resource Development, 20(3), 2017 (with Yoonhyung Cho and Sangsoo Lim).
Dissertations
Three Essays on Multi-Factor Asset Pricing Models, Ph.D. Dissertation, Yonsei University Graduate School, 2010. Advisor: Bonil Ku.
A Study on the Difference between Theoretical and Actual Prices in the KOSPI 200 Index Futures Market, M.A. Thesis, Yeungnam University Graduate School, 1999. Advisor: Jongkook Byun.
Books
Investments: An Introduction with Worked Examples (in Korean), Bobmunsa, 2018.
Corporate Finance: An Introduction with Worked Examples (in Korean), Bobmunsa, 2017.