Hugh Hoikwang Kim  Email: hugh.kim 'at' moore.sc.edu Research Interests: CurriculumVitae (updated: July 2018) Affiliations: Assistant Professor of Finance, SKK Graduate School of Business, Sungkyunkwan University, Korea, 2013 ~ 2016 Education: Refereed Publications: 1. "The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market" (with Santosh Anagol), American Economic Review 102(1):576-93, February 2012. 2. "Time is Money: Rational Life Cycle Inertia and the Delegation of Investment Management", (with Raimond Maurer and Olivia S. Mitchell), Journal of Financial Economics 121(2): 424-447, August 2016. 3. "It Pays to Write Well" (with Byoung-Hyoun Hwang), Journal of Financial Economics 124(2): 373-394, May 2017 4. “Choosing a Financial Advisor: When and How to Delegate” (with Raimond Maurer, Olivia S. Mitchell) in Financial Decision Making and Retirement Security in Aging World. Eds. P. Brett Hammond, O. S. Mitchell, and S. Utkus. Oxford University Press, 2017 Working Papers: 1. "Information Spillover of Bailouts" Investors extract valuable information about financial institution’s underlying stability from their purchase of insurance.
2. "Economic Policy Uncertainty and Bank Liquidity Creation"(with Allen Berger, Omrane Guedhami, Xinming Li) Economic policy uncertainty likely harms the economy at least in part through disrupting the bank liquidity creation process. 3. "Insurer Underwriting Performance and the Cost of Capital"(with Chia-Chun Chiang, Greg Niehaus) We find insurers’ cost of equity capital increases after they report poor underwriting performance. 4. "It Pays to Write Well in Economics"(with Byoung-Hyoun Hwang, Kai Wu) Our analysis reveals that articles with one more writing fault per one hundred words receive 7% fewer citations. 5. "Pessimistic Fund Managers"(with Yongqiang Chu) We find that the pessimistic tone in managers’ letters to shareholders predicts superior future risk-adjusted returns 6. "Inertia of Institutional Investors, Stock Returns, and Performance"(with Mohammad Irani) "Inertia stocks" are likely to underperform in the future, hence undermining the overall performance of institutional investors.* Media mention: Citywire 7. "Cognitive Ability, Financial Literacy, and the Demand for Financial Advice: Findings from the Health and Retirement Study"(with Raimond Maurer and Olivia S. Mitchell) People with high cognitive ability tend to seek financial advice from professionals outside of family members. 8. "Measuring (In)Attention to Mutual Fund Fees: Evidence from Experiments”(with Wenhao Yang) We find, on average, investors allocate only 62.5% of their full attention to mutual fund fees. Teaching: Investment Management (Undergrad. Honor/MBA/PMBA), University of South Carolina (2016, 2017, 2018) Dataset and codes:
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