Papers for HSF/KAEA Conference
May 19, 2006
Three members of the KAEA will present their papers at the HSF/KAEA conference.
Joachim Ahrens, Private University of Applied Sciences, Goettingen, "Market-Enhancing Governance on the Korean Peninsula: the Role of Credibility and Transitional Institutions"
Semoon Chang, University of South Alabama, "The Saga of U.S. Economic Sanctions on North Korea"
Suk H. Kim, University of Mercy-Detroit, "Reasons for Doing Business with North Korea"
Papers for KIF/KAEA/KAFA Conference
May 25, 2006
Dr. Kyeong-Hoon Kang at KIF sent the following message through VP Kang Hoon Park.
"I would like to inform you of our suggestions about which paper should be presented in the KIF/KAEA/KAFA conference.
Several colleagues in the KIF had a hard time to select a few papers out of eleven papers sent to us. Many papers have very high
quality, but were not selected just because their topics do not match the conference.
We selected two papers sent from KAEA: Prof. Yongil Jeon's and Prof. Suhki Min's. Two other papers from KAFA and a
paper from KIF will also be presented. Please tell the presenters that they may be asked to work as commentators for the first
session. The following is the outline of the conference. If you have any questions or comments, please let us know." Dr. Kang's
email address is khkang@kif.re.kr
Main Theme: New Currents in the Financial Industry
Session 1: Banking Industry
(1)Yongil Jeon (KAEA), Central Michigan University, "Has Deregulation Affected Births, Deaths, and Marriages in the US Commercial Banking Industry?"
(2) Suhki Min (KAEA), Kansai Gaidai University, "Consolidation, Concentration and Competition: The Case of the Korean Commercial Banking Market"
Session 2: Capital Markets
(1) Kyeong-Hoon Kang (KIF), "How to Enhance Financial Intermediation Funciton in Korea - Focusing on Complementarity between Banks and
Capital Markets"
(2) Sam Y. Chung (KAFA), "Hedge Funds' Idiosyncratic Risk and Performance: Institutional Investor's View"
(3) Yun W. Park (KAFA), "How Smart is Smart Money?: Private Equity in the Partial Acquisitions Market"
Papers for KDI/KAEA Conference
August 8, 2006
A total of 15 papers were submitted to the KDI-KAEA Conference. Two KAEA referees recommended ten papers to the KDI, and the
KDI selected following seven papers that are better suited for the conference theme.
Yoon K. Choi, University of Central Florida, "Ownership Structure and the Roles of Institutional and Foreign Investors: The Korean Case"
Young Back Choi, St. John's University, "Entrepreneurship and Mobility"
Chul Chung, Georgia Institute of Technology, "Preference for Cultural Goods: The Case of Korea Film Market"
Hae-shin Hwang, Texas A&M University, "Measurements of Sectoral Shifts: Dispersion and Skewness"
Bang Jeon, Drexel University, "International R&D Spillovers: Trade, FDI, and Information Technology as Spillover Channels"
Jinill Kim, Federal Reserve Board, "Investment-Specific Mutifactor Productivity in Multi-sector Open Economies: Data and Analysis"
Yoonbai Kim, University of Kentucky, "Characterizing Exchange Rate Policy in East Asia: A Reconsideration"
Papers for KEA/KAEA Convention
August 8 and August 9-10, 2006
The 12th KEA-KAEA International Conference will be held at the Hoam Faculty House, Seoul National University, Seoul,
Korea, August 9-10, 2006. About $1,000 combined financial support from both the KEA and KAEA will be provided to
each paper presenter (the KEA-KAEA only paper presenters, excluding those who receive a financial support from other
sponsors such as the KDI). Lodging for three nights (8th-10th) at the Hoam Faculty House will be provided by the KEA to
each paper presenter. The KEA may assign some KAEA paper presenters as discussants.
Total 34 papers were submitted for presentation at the 12th KEA-KAEA International Conference. Some papers were
submitted to both the KDI-KAEA Conference and the KEA-KAEA International Conference.
We received so many papers compared to the 20 slots allocated by the KEA. The selection committee consisting of
three KAEA referees completed its review of the submitted papers and selected the following twenty papers.
| Semoon Chang | U.S. Economic Responses to North Korea's Digressions |
| Kwang Soo Cheong | Skill or Luck? The Informational Value of Hedge Fund Track Records |
| Yoon K. Choi | Internal Capital Market and Bank Relationship: Evidence from Japanese spin-offs |
| Young Back Choi | Entrepreneurship and Mobility |
| Kee H. Chung | Information Disclosure and market Quality: the Effects of SEC Rule 11 Ac 1-5 on Trading Costs |
| Inhyuk Ha | The Effect of Bad Credit on Loan Denial Rates |
| Yongil Jeon | Building Econometric Models With Large Data Sets |
| Hoje Jo | Bank relationship and information environments: Evidence from analyst activity in Japan |
| Yong-Cheol Kim | IPO Underpricing - Monitoring or Control: A Case of Korean IPOs |
| Sunghyun Henry Kim | How to Liberalize? How to Reform? Challenges of Trade Liberalization and Fiscal Reform in Developing Countries |
| Bong-Soo Lee | Equity Issues and Aggregate Market Returns under Information Asymmetry |
| Byung-Joo Lee | A Multimonial Logit Approach to Exchange Rate Policy Classification with an Application to Growth |
| Chung H. Lee | Trade, Investment and Economic Integration of South Korea and China |
| Hong Y. Park | Corporate Entrepreneurship and Innovation in Business Practices |
| Chong Soo Pyun | Efficiency of Foreign Exchange Under Floating Rate Regimes |
| Kilman Shin | Financial Crises and Stock Market- Logit-Probit Models |
| Yongcheol Shin | Optimal Test for Markov Switching GARCH Models |
| Bong Joon Yoon | A Note on Generalization of the Three Error Component Model |
| Yong Yoon | Public Choice and the Extent of the Market |
| Ky-hyang Yuhn | Does Inflation Volatility Matter in Asset Pricing? An Intertemporal Portfolio Choice Model |
The selection committee appreciates the cooperation and sacrifice of several BOK and KDI paper presenters who
yielded their opportunity of presenting a paper at the 12th KEA-KAEA International Conference to other KAEA members.
The selection committee also thanks President Suk Hi Kim and President-Elect Yong H. Kim for their volunteering to
withdraw their paper so that other KAEA members can present a paper at the conference.
Papers for BOK/KAEA Conference
August 11, 2006
Total 16 papers were submitted for presentation at the Bank of Korea and KAEA joint conference in August. Of the 16, four were not reviewed
due to the membership status in that the submitter was not a paid member at the time of submission. Of the 16, referees agreed to submit 4 papers
to the Bank of Korea for their consideration. The Bank of Korea selected the following two papers:
(1) Kang H. Park and William L. Weber, Southeast Missouri State University, "Effects of
Financial Liberalization, Financial Crisis and Restructuring on Efficiency, Productivity Growth and Profitability in Korean Banking"
(2) Sang-Hyop Lee, University of Hawaii-Honolulu, Kenneth A. Kim, SUNY - Buffalo, and S. Ghon Rhee, University of Hawaii -
Honolulu, "Additional Evidence on the Substitution between Shareholder Monitoring and Regulation: The Japanese Banking Experience
during the Late-1980s"
Authors of both papers have pledged to donate $1,000 to the KAEA.
Three members of KAEA served as referees of this year's papers. The three referees are Dr. Sunghyun "Henry" Kim of Tufts University, Dr.
Jinill Kim of the Federal Reserve Bank, and Dr. Jaewoo Lee of the International Monetary Fund. Dr. Chang of the Research Institute
coordinated the review process and the selection was based solely on the evaluation and rankings of the three referees.
General consensus of the three referees is that all 12 papers reviewed were very good, and that rankings were heavily influenced by the stated
scope of the conference. Dr. Chang would like to express sincere thanks to all those who participated either by submitting papers or by serving
KAEA as referees. Dr. Chang plans to rotate referees every year to give equal opportunities to different views, hoping that the rotation will
encourage a greater participation of KAEA members in the selection process.
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