Hugh Hoikwang Kim  Email: hugh.kim 'at' moore.sc.edu Research Interests: Curriculum Vitae (updated: September 2020) Affiliations: Assistant Professor of Finance, SKK Graduate School of Business, Sungkyunkwan University, Korea, 2013 - 2016 Education: Editorship: 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. 5. "Information Spillover of Bailouts", Journal of Financial Intermediation, 43: 100807, July 2020.
6. "Economic Policy Uncertainty and Bank Liquidity Hoarding"(with Allen Berger, Omrane Guedhami, Xinming Li), Journal of Financial Intermediation, Forthcoming Working Papers: 1. "Opaque Liabilities, Learning, and the Cost of Equity Capital for Insurers"(with Chia-Chun Chiang, Greg Niehaus)
We find insurers’ cost of equity capital increases after they report poor underwriting performance.
2. "Innovation Overload?"(with Byoung-Hyoun Hwang, Kai Wu) Our analysis reveals that articles with one more writing fault per one hundred words receive 7% fewer citations. 3. "Pessimistic Fund Managers"(with Yongqiang Chu) We find that the pessimistic tone in managers’ letters to shareholders predicts superior future risk-adjusted returns 4. "Inertia of Institutional Investors: Rational or Behavioral?"(with Mohammad Irani) "Inertia stocks" are likely to underperform in the future, hence undermining the overall performance of institutional investors.* Media mention: Citywire 5. "How Cognitive Ability and Financial Literacy Shape the Demand for Financial Advice at Older Ages"(with Raimond Maurer and Olivia S. Mitchell) People with high cognitive ability tend to seek financial advice from professionals outside of family members.
6. "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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