Korean Journal of Financial Studies

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February 28, 2023

A Study on Determinants of the Cost of Debt in Public Institutions

Ji Young An, S. Saeyeul Park

Korean J Financ Stud. 2023;52(1):1-34.

This study examines the factors affecting the cost of debt in public institutions from the perspective of the risk premium paid to investors when issuing public finance bonds. The results...

February 28, 2023

When Do Controlling Shareholders “Over-invest”? The Disciplinary Effect of Product Market Competition

Hyung Cheol Kang, Ji Hye Lee, Hee Sub Byun

Korean J Financ Stud. 2023;52(1):35-75.

This study examines the effect of the interaction between controlling shareholder ownership and product market competition on investment inefficiency in Korea. Consistent with classical agency theory, this study finds that...

February 28, 2023

Stock Return Comovement around the ESG Index Revision in Korea

Soonhong Park, Byungkwon Lim

Korean J Financ Stud. 2023;52(1):77-107.

This article examines the impact of additions or deletions to the ESG index on stock return comovement in the Korean stock market over a 10-year period from 2010 to 2019,...

February 28, 2023

The Impact of Investor Type on Short Selling Performance: An Analysis of Individual Investors

Mincheol Woo, Meong Ae Kim

Korean J Financ Stud. 2023;52(1):109-137.

Focusing on individual investors’ transactions, we investigated the features and performance of short selling exclusively executed by each investor type. The empirical results are as follows. First, individual investors are...

Current Issue: Volume 52(1); Feb 2023

Editorial Office: 6F, Korea Financial Investment Association Building
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Copyright © 2023 by Korean Securities Association.

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