Ghon Rhee

Professor of Finance
K.J. Luke Distinguished Professor
Faculty Advisor, Corporate Finance Track

Academic Background

  • PhD, Ohio State
  • MBA, Rutgers University
  • BS, College of Law, Seoul National University

Research Interests

  • Penny Stocks
  • Corporate Finance
  • Market Microstructure
  • Empirical Asset Pricing Models
  • Investments
  • Asian Financial Markets

Selected Publications

“The Impact of Interbank and Capital Market Competition on Relationship Banking: Evidence from the Japanese Experience” (co-authored with Donald R. Fraser and G. Hwan Shin), forthcoming in Journal of Empirical Finance.

“Can Quote Competition Reduce Preferenced Trading? A Reexamination of the SEC’s 1997 Order Handling Rules” (co-authored with Tony Ning Tang), forthcoming in Accounting and Finance.

“Foreign Exchange Market Efficiency under Recent Crises: Asia-Pacific Focus” (co-authored with Rubi Ahmad and Yuen Meng Wong), Journal of International Money and Finance 31.6, 1574-1592.

“Extreme Downside Risk and Expected Stock Returns” (co-authored with Wei Huang, Qianqiu Liu, and Feng Wu), Journal of Banking and Finance 36 (2012), 1492-1502.

“Anything Wrong with Breaking a Buck? An Empirical Evaluation of NASDAQ $1 Minimum Price Maintenance Criterion” (Co-authored with Feng Wu), Journal of Financial Markets 15, 2012, 258-285.

“Another Look at Idiosyncratic Volatility and Expected Returns” (co-authored with Wei Huang, Qianqiu Liu, and Liang Zhang), Journal of Investment Management 9 (4), 2011, 26-51.

“The Brokerage Firm Effect in Herding: Evidence from Indonesia” (co-authored with Sumit Agarwal, I-Ming Chiu, and Chunlin Liu), Journal of Financial Research 34, 2011, 461-479.

“Preferenced Trading, Quote Competition, and Market Quality: Evidence from Decimalization on the NYSE” (co-authored with Wei Victor Huang and Tony Ning Tang), 2010, Financial Review 45, 523-540.

“The Impact of Short Sales on the Speed of Price Adjustment: Evidence from the Hong Kong Stock Exchange” (co-authored with Crystal Xiaopei Chen), 2010, Journal of Banking and Finance 34, 471-483.

“Return Reversals, Idiosyncratic Risk and Expected Returns” (co-authored with Wei Huang, Qianqiu Liu, and Liang Zhang), 2010, Review of Financial Studies 23, 147-168.

“Foreign Institutional Ownership and Stock Market Liquidity: Evidence from Indonesia” (co-authored with Jianxin Wang), 2009, Journal of Banking and Finance 33, 1312-1324.

“An Analysis of the Magnet Effect under Price Limits” (co-authored with Yan Du and Qianqiu Liu), 2009, International Review of Finance 9, 83-110.

“Why Do Foreign Investors Underperform Domestic Investors in Trading Activities? Evidence from Indonesia” (co-authored with Sumit Agarwal, Sheri Faircloth, and Chunlin Liu), 2009, Journal of Financial Markets 12, 32-53.

“How Does the Call Market Method Affect Price Efficiency? Evidence from the Singapore Stock Market” (co-authored with Rosita P. Chang, Gregory R. Stone and Tony Ning Tang), 2008, Journal of Banking and Finance 32, 2205-2219.

“Where Does Price Discovery Occur for Stocks Traded in Multiple Markets? Evidence from Hong Kong and London” (co-authored with Sumit Agarwal and Chunlin Liu), 2006, Journal of International Money and Finance 26, 46-63.

"Taxes, Keirestsu Affiliation, and Income-Shifting," (co-authored with Jeffrey Gramlich and Piman Limpaphayom), Journal of Accounting and Economics 37 (2004), 203-228.

"Price Limit Performance: Evidence from the Tokyo Stock Exchange," (Co-authored with Kenneth Kim), Journal of Finance 52 (June 1997), 885-901.

Teaching

  • FIN 311: Investments
  • BUS 314: Business Finance
  • FIN 634: Investment Analysis and Management
  • PhD Seminar: Asian Finance-Corporate Finance, Corporate Finance

Honors

The Mega Financial Holdings Best Paper Award on “Institutional Investors and Short-Term Return Reversals” (co-authored with Qianqiu Liu and Hong Vo) at the 2012 Asian Finance Association Annual Meeting, Taipei, Taiwan, July 6-9, 2012.

2012 Shirley M. Lee Research Award of the Shidler College of Business on May 4, 2012.

A best paper award on “The Impact of Short Sales on the Speed of Price Adjustment: Evidence from the Hong Kong Stock Exchange” (co-authored with Crystal Xiaopei Chen), at the 19th Annual Meeting of the Asian Finance Association in Hong Kong on July 4-6, 2007.

The University of Catania (Sicily) and Erasmus University (Netherlands)’s Archimedes Award, March 2001

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University of Hawai‘i at Mānoa
Shidler College of Business
2404 Maile Way
Honolulu
HI
96822
USA

Room

D-311b

Contact Info

Phone
(808) 956-8582
Fax
Fax (808) 956-2532
Secondary Fax
(808) 956-8729

Websites