Faculty & Research
Seminar
Research Areas
NOV
12
- November 4, 2025
- Accounting
Strong-form relative performance evaluation: the attenuating role of public information
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Time
4:30 PM – 5:50 PM
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Venue
90403, International Hall
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Speaker
Prof. Junwook Yoo (Sungkyunkwan University)
This study endogenously derives the optimal relative performance evaluation with multiple correlated peer performances, which also incorporates strong-form relative performance evaluation. Under this model, managers’ compensations are perfectly insulated against exogenous shocks in peer performances…
NOV
5
- October 29, 2025
- Accounting
Information Acquisition and Disclosure by Firms and Analysts
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Time
4:30 PM – 5:50 PM
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Venue
90403, International Hall
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Speaker
Prof. Suil Pae (SKK GSB, Sungkyunkwan University)
Firms and analysts jointly shape the corporate information environment, yet most existing theories examine their roles in isolation. We develop a game-theoretic model, in which their information-acquisition investments are strategic substitutes (in the sense of Bulow et al. 1985), and disclosures ar…
OCT
29
- October 22, 2025
- Finance
Capital Structure and ESG Integration
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Time
4:40 PM – 6:00 PM
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Venue
90403 International Hall
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Speaker
Prof. Keeyoung Rhee (Sungkyunkwan University)
We analyze how borrowers’ capital structure affects their incentives to integrate ESG. Borrowers may pursue socially valuable but financially underperforming projects to reduce expected payments to outside investors. These financial gains are amplified when the payoffs of investor-held securities ar…
OCT
24
- October 22, 2025
- Marketing
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Time
3:30 PM – 5:00 PM
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Venue
90403
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Speaker
Professor Hulya Karaman (Singapore Management University)
This study examines the heterogeneous revenue consequences of loyalty program policy changes for business travelers. Using two natural experiments, the findings reveal that benefit withdrawal leads to significant revenue decline in specific segments, while benefit addition drives gains in the same m…