Dr. Yong Joo Kang Associate Professor, Finance

Research Interests

Asset Pricing, Financial Econometrics, Derivatives, Monetary Policy, Macro Finance, Market Microstructure, Financial Contagion, Bankruptcy, Climate Risk, Pandemic Risk, Machine Learning and Big Data.

Publications

Refereed Journal Articles:

Song, H., Park, D., Lee, Z., & Kang, Y.J. (2026). Machine-Learning Based Default Prediction: The Role of External Audits and Financial Constraints. Journal of Economic Development, 51(2), pp.13-41.

Kang, Y.J., Eom, Y.H., & Jang, W.W. (2026). Revisiting and Extending Our Understanding of Market Responses to Unconventional Monetary Policy. International Journal of Finance and Economics, In Press.

Kang, Y.J., Park, D., & Eom, Y.H. (2024). Global Contagion of US COVID-19 Panic News. Emerging Markets Review, 59, 101116.

Park, D., Kang, Y.J., & Eom, Y.H. (2024). Asset Pricing Tests for Pandemic Risk. International Review of Economics and Finance, 89(Part A), pp. 1314-1334.

Park, D., Kang, Y.J., & Lee, J. (2023). Carbon intensity, default risk, and investors' attention to environment: Evidence from South Korea. International Review of Economics and Finance, 88, pp. 1104-1121.

Kang, Y.J. (2022). Impact of COVID-19 on Stock Market Return and Volatility: Case Study of Canada on a Provincial, Regional, and National Level. Journal of Applied Business and Economics (NABP), 24(6), pp. 162-187.

Kang, Y.J., Lee, H.Y., Park, H.Y., & Park, J.H. (2021). Social Ties, Managerial Overconfidence, and Investment Efficiency. Finance Research Letters, 102300.

Hahn, J., Kang, Y.J., & Sohn, Y. (2017). Discretionary Consumption and the Equity Premium: Evidence from Korea. Asian Review of Financial Research, 30(2), pp. 217-236.

Jang, W.W., Eom, Y.H., & Kang, Y.J. (2016). Corporate bond pricing model with stochastically volatile firm value process. Economics Letters, 148, pp. 41-44.

Jang, W.W., Kim, H.K., & Kang, Y.J. (2016). Developing the Exchange Traded Market for Government Bonds: Effect of Recent Quote Rule Changes in Korea. Finance Research Letters, 19.

Kang, Y.J., & Jang, W.W. (2016). Mechanical Mean Reversion of Leverage Ratios: Analysis of South Korean Firms. The Review of Eurasian Studies, 13(3), pp. 103-125.

Kang, Y.J., & Jang, W.W. (2016). The Five-Factor Asset Pricing Model: Applications to the Korea Stock Market. The Review of Eurasian Studies, 13(2), pp. 155-180.

Refereed Conference Presentations:

Song, H., Park, D., Lee, Z., and Kang, Y.J. (2024). "Machine-Learning Based Bankruptcy Prediction: The Role of External Audits and Financial Constraints" at the 2024 Administrative Sciences Association of Canada Conference (June 2024). Awarded Honorable Mention for Finance Division.

Kang, Y.J., Park, D., & Eom, Y.H. (2023). "The Contagion Effect of US COVID-19 News Around the World" at the 2023 ASAC Conference (June 2023).

Park, D., Kang, Y.J., & Lee, J. (2022). "Carbon Emissions, Default Risk, and Investors' Attention to Environment: Evidence from South Korea" at the 2022 Global AI Finance Research Conference (December 2022).

Kang, Y.J. (2021). "Impact of COVID-19 on Stock Market Returns and Volatility: Case Study of Canada on a Provincial, Regional, and National Level" at the 2021 ASAC Conference (June 2021).

Kang, Y.J. (2020). "The Recovery Theorem: Evaluation and Implementation Strategies for Empirical Analysis" at the 2020 ASAC Conference (June 2020). Awarded Best Paper for Finance Division.

Webinar Presentations:

Kang, Y.J. (2021). "COVID-19 and the Impact on Stock Returns Globally" at the RavenPack: Live Chat with the Experts Series (March 10, 2021).
Webinar: https://www.ravenpack.com/event/covid-19-and-the-impact-on-stock-returns-globally/
YouTube: https://www.youtube.com/watch?v=-oQifvCwFCQ

Courses Taught

FNCE 2120: Financial Management
FNCE 3180: Derivative Securities
FNCE 4120: Business Valuation and Restructuring
FNCE 4190: Financial Institutions Management
BUSN 6020: Corporate Finance