Kim, Sungmin Professor
- Director, Reserach Institute of Industrial Management
연락처 : 031-400-5643
Sungmin KIM
Department of Business
College of Business and Economics
Hanyang University, Ansan, KOREA
E-mail: sminkim@hanyang.ac.kr
RESEARCH INTERESTS
Dividend, Corporate Governance, Shareholder Activism, IPOs, Valuation, Tech Valuation, Corporate Disclosure
ACADEMIC POSITIONS
3/1/1992 ~ present: Professor of Finance, CBE, Hanyang University, KOREA
EDUCATION
Ph.D. in Finance, 1987~1991, Georgia State University, Atlanta, GA, USA
M.B.A., 1985~1987, The State University of New York(SUNY), Buffalo, NY, USA
B.A. in Economics, 1980~1984, Hanyang University, Seoul, Korea
VISITING APPOINTMEMTS
Jan 2008 ~ Dec 2008, Babson College, Natick, MA, USA
Jan 2002 ~ Dec 2002, Kelley School of Business, Indiana University, Bloomington, IN
AWARDS
The Best Paper Award, 2008, Asia-Pacific Journal of Financial Studies, Korean Securities Association
The Best Paper Award, 1997, The Korean Journal of Financial Management, Korean FMA
TEACHING AREA
Undergraduate Courses: Financial Management, Securities Investments, Investment Valuation Graduate Courses: Corporate Finance, Theory of Investments, Dividend Policy Seminar, Technology Valuation
COMMITTEE WORKS AND OTHER PUBLIC SERVICES
-Director, Industrial Business Research Center, Hanyang University (2013 ~present )
-Director, the Korea Credit Information Service's Technology Evaluation Review Committee(2016~present)
-Chairman (Member) of Share Voting Rights Committee, National Pension Fund, Ministry of Health and Welfare, Korea (2006~2016)
-Chairman, KOSDAQ Disclosure Committee, Korea Stock Exchange (2015~19 )
-Chairman, Risk Management Committee, Korea Deposit Insurance Corporation (2016~20)
-Asset Management Committee, The Korea Foundation Fund (2015~19)
-Technology Evaluation Committee, KIBO (2013 ~present)
-Technology Credit Appraisal Examination Committee, KIBO (2016~ present)
-Asset Management Committee, Agriculture and Fisheries Credit Guarantee Fund, Korea Agriculture Credit Union (2012~ present)
-Evaluation Committee for Selecting ESG Research Institute for National Pension Service of Korea (May 2018)
-Evaluation Committee for Selecting Fund Performance Company for National Pension Service of Korea (May 2018)
-Fund Management Committee, Small Enterprise and Market Service (SEMAS), Korea (2105~2018)
-Board Member, Korea Communications Agency (2016~2018)
-Chairman, ICT Evaluation Forum, Ministry of Science, ICT and Future Planning (2013~2016)
-Performance Evaluation Committee, Korea Information Communication (2012~2016)
-Performance Evaluation Committee of Korea Government Employees Fund (2012~2014)
-Social Responsibility Research Committee, Korea Stock Exchange Corporate Governance Service (2009~2011)
-KOSDAQ Market Financial Analysis Committee, Korea Stock Exchange (2010~2014)
-Asset Management Committee, Korea Teachers Fund (2007~2009)
-Chairman, Share Voting Rights Advisory Committee, National Pension Fund, Ministry of Health and Welfare, Korea (Sept 2005 ~ Dec 2015)
-Public Pension Fund Evaluation Committee, Ministry of Strategy and Finance, Korea (2002~2014)
-Chairman, Department of Business, Hanyang University, KOREA (2000~2001)
SELECTED PUBLICATIONS
-‘Payout Policy in Korea II: A Review of Empirical Evidence’, Asian Review of Financial Research, 2022
-‘Foreign Investment Horizons, Corporate Governance and Payout Policy’, Journal of Derivatives and Quantitative Studies, 2022
-‘A Study on the Firm Valuation Methods and Information Effects of SPAC Mergers in Korea’, The Korean Journal of Financial Management, 2021
- ‘A Study on the Optimal Dividend Policy based on the Permanence of Earnings’, Asian Review of Financial Research Vol.31 No.4, Nov 2018
- ‘Dividend Policy and Permanence of Earnings’, Asian Review of Financial Research Vol.29 No.4, Nov 2016
- ‘The Cash-Flow Permanence and the Choice between Dividends and Stock Repurchases’, Korean Journal of Futures and Options Vol. 24 No.4 Nov 2016
- ‘Does “Vote No” Change Corporate Governance and Firm Value? Evidence from the Shareholder Activism of the Korean National Pension Service’, Emerging Markets Finance & Trade / Sept–Oct 2014, Vol. 50, No. 5
-‘Payout Policy in Korea: A Review of Empirical Evidence’, Asian Review of Financial Research Vol.24 No.2, May 2011
-‘How Corporate Governance Affects Payout Policy under Agency Problems and External Financing Constraints’, Journal of Banking and Finance Vol.33, Issue 11, 2009
-‘National Pension Fund's Concentration in Domestic Equity Market and It's Implication on Proxy Voting’, KIHASA, Dec 2008
-‘Improvement of the National Pension Fund Management and Supervision System’, KIHASA, Jul 2007
- ‘Dividend Policy in Korea: How Korean Firms Make Dividend Decisions’, Seoul National University Press, 2005
-‘Investment Horizons of Foreign Investors and Corporate Dividend Policy’, Korean Journal of Financial Studies Vol.14 No.5, 2012
-‘Personal Finance’, Kyung-Moon Publisher, Jan 1999
-‘Unequal Dividend Policy Between Large and Small Shareholders’, The Korean Journal of Financial Management Vol.14 No.3, Dec 1997
-‘Information Production of Lead Underwriters in the IPOs Market’, Asian Review of Financial Research Vol.8 No.1, Apr 1995
-‘Information Asymmetry and the Timing of Equity Issues’, Korean Journal of Financial Studies Vol.16 No.1, Feb 1994
Department of Business
College of Business and Economics
Hanyang University, Ansan, KOREA
E-mail: sminkim@hanyang.ac.kr
RESEARCH INTERESTS
Dividend, Corporate Governance, Shareholder Activism, IPOs, Valuation, Tech Valuation, Corporate Disclosure
ACADEMIC POSITIONS
3/1/1992 ~ present: Professor of Finance, CBE, Hanyang University, KOREA
EDUCATION
Ph.D. in Finance, 1987~1991, Georgia State University, Atlanta, GA, USA
M.B.A., 1985~1987, The State University of New York(SUNY), Buffalo, NY, USA
B.A. in Economics, 1980~1984, Hanyang University, Seoul, Korea
VISITING APPOINTMEMTS
Jan 2008 ~ Dec 2008, Babson College, Natick, MA, USA
Jan 2002 ~ Dec 2002, Kelley School of Business, Indiana University, Bloomington, IN
AWARDS
The Best Paper Award, 2008, Asia-Pacific Journal of Financial Studies, Korean Securities Association
The Best Paper Award, 1997, The Korean Journal of Financial Management, Korean FMA
TEACHING AREA
Undergraduate Courses: Financial Management, Securities Investments, Investment Valuation Graduate Courses: Corporate Finance, Theory of Investments, Dividend Policy Seminar, Technology Valuation
COMMITTEE WORKS AND OTHER PUBLIC SERVICES
-Director, Industrial Business Research Center, Hanyang University (2013 ~present )
-Director, the Korea Credit Information Service's Technology Evaluation Review Committee(2016~present)
-Chairman (Member) of Share Voting Rights Committee, National Pension Fund, Ministry of Health and Welfare, Korea (2006~2016)
-Chairman, KOSDAQ Disclosure Committee, Korea Stock Exchange (2015~19 )
-Chairman, Risk Management Committee, Korea Deposit Insurance Corporation (2016~20)
-Asset Management Committee, The Korea Foundation Fund (2015~19)
-Technology Evaluation Committee, KIBO (2013 ~present)
-Technology Credit Appraisal Examination Committee, KIBO (2016~ present)
-Asset Management Committee, Agriculture and Fisheries Credit Guarantee Fund, Korea Agriculture Credit Union (2012~ present)
-Evaluation Committee for Selecting ESG Research Institute for National Pension Service of Korea (May 2018)
-Evaluation Committee for Selecting Fund Performance Company for National Pension Service of Korea (May 2018)
-Fund Management Committee, Small Enterprise and Market Service (SEMAS), Korea (2105~2018)
-Board Member, Korea Communications Agency (2016~2018)
-Chairman, ICT Evaluation Forum, Ministry of Science, ICT and Future Planning (2013~2016)
-Performance Evaluation Committee, Korea Information Communication (2012~2016)
-Performance Evaluation Committee of Korea Government Employees Fund (2012~2014)
-Social Responsibility Research Committee, Korea Stock Exchange Corporate Governance Service (2009~2011)
-KOSDAQ Market Financial Analysis Committee, Korea Stock Exchange (2010~2014)
-Asset Management Committee, Korea Teachers Fund (2007~2009)
-Chairman, Share Voting Rights Advisory Committee, National Pension Fund, Ministry of Health and Welfare, Korea (Sept 2005 ~ Dec 2015)
-Public Pension Fund Evaluation Committee, Ministry of Strategy and Finance, Korea (2002~2014)
-Chairman, Department of Business, Hanyang University, KOREA (2000~2001)
SELECTED PUBLICATIONS
-‘Payout Policy in Korea II: A Review of Empirical Evidence’, Asian Review of Financial Research, 2022
-‘Foreign Investment Horizons, Corporate Governance and Payout Policy’, Journal of Derivatives and Quantitative Studies, 2022
-‘A Study on the Firm Valuation Methods and Information Effects of SPAC Mergers in Korea’, The Korean Journal of Financial Management, 2021
- ‘A Study on the Optimal Dividend Policy based on the Permanence of Earnings’, Asian Review of Financial Research Vol.31 No.4, Nov 2018
- ‘Dividend Policy and Permanence of Earnings’, Asian Review of Financial Research Vol.29 No.4, Nov 2016
- ‘The Cash-Flow Permanence and the Choice between Dividends and Stock Repurchases’, Korean Journal of Futures and Options Vol. 24 No.4 Nov 2016
- ‘Does “Vote No” Change Corporate Governance and Firm Value? Evidence from the Shareholder Activism of the Korean National Pension Service’, Emerging Markets Finance & Trade / Sept–Oct 2014, Vol. 50, No. 5
-‘Payout Policy in Korea: A Review of Empirical Evidence’, Asian Review of Financial Research Vol.24 No.2, May 2011
-‘How Corporate Governance Affects Payout Policy under Agency Problems and External Financing Constraints’, Journal of Banking and Finance Vol.33, Issue 11, 2009
-‘National Pension Fund's Concentration in Domestic Equity Market and It's Implication on Proxy Voting’, KIHASA, Dec 2008
-‘Improvement of the National Pension Fund Management and Supervision System’, KIHASA, Jul 2007
- ‘Dividend Policy in Korea: How Korean Firms Make Dividend Decisions’, Seoul National University Press, 2005
-‘Investment Horizons of Foreign Investors and Corporate Dividend Policy’, Korean Journal of Financial Studies Vol.14 No.5, 2012
-‘Personal Finance’, Kyung-Moon Publisher, Jan 1999
-‘Unequal Dividend Policy Between Large and Small Shareholders’, The Korean Journal of Financial Management Vol.14 No.3, Dec 1997
-‘Information Production of Lead Underwriters in the IPOs Market’, Asian Review of Financial Research Vol.8 No.1, Apr 1995
-‘Information Asymmetry and the Timing of Equity Issues’, Korean Journal of Financial Studies Vol.16 No.1, Feb 1994