Ghon Rhee

S. Ghon Rhee
  • Professor of Finance
  • K.J. Luke Distinguished Professor
  • Faculty Advisor for the Corporate Finance Track

Room

BusAd D-311b

Phone

(808) 956-8582

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

“Conditional Extreme Risk, Black Swan Hedging, and Asset Prices” (co-authored with Feng Wu) forthcoming in Journal of Empirical Finance

“Do Low Search Frictions Facilitate Like-buys-Like Mergers? Evidence From Common Bank Networks” (co-authored with Jiakai Chen and Joon-Ho Kim) forthcoming in Journal of Financial Economics

“Navigating through Economic Policy Uncertainty: The Role of Corporate Cash Holdings” (co-authored with Huu Nhan Duong, Justin Hung Nguyen, and My Nguyen) forthcoming in Journal of Corporate Finance

“Nominal Stock Price Anchors: A Global Phenomenon?” (co-authored with Kee-Hong Bae, Utpal Bhattacharya, and Jisok Kang), 2019, Journal of Financial Markets 44, 31-41. 

“Residual Momentum and Investor Underreaction in Japan” (co-authored with Rosita P. Chang, Shinji Nakano, and Kuan-Cheng Ko), 2018, Journal of Empirical Finance 45, 283-299. 

“CEO Inside Debt and Convertible Bonds” (co-authored with Carl Shen and Wei-Hsien Li), 2018, Journal of Business Finance & Accounting 45, 232-249. 

“Trade-Based Manipulation in IPOs: Beyond the Prosecuted Cases,” (co-authored with Suman Neupane and Madhu Veeraraghavan), 2017, Journal of Corporate Finance 42, 115-130. 

“Do Progressive Social Norms Affect Economic Outcomes? Evidence from Corporate Takeovers” (co-authored with Yangyang Chen, Edward J. Podolski, and Madhu Veeraraghavan), 2017, Journal of Empirical Finance 41, 76-95. 

“Religious Beliefs and Local Government Financing, Investment, and Cash Holding Decisions” (co-authored with Yangyang Chen, Zoltan Murgulov, and Madhu Veeraraghavan), 2016, Journal of Empirical Finance 38, 258-271. 

"Stock Liquidity and Managerial Short-Termism" (co-authored with Yangyang Chen, Madhu Veeraraghavan, and Leon Zolotoy), 2015, Journal of Banking and Finance 60. 44-59. 

“National Culture and Cash Holdings in International Markets” (co-authored with Yangyang Chen, Cameron Truong, and Madhu Veeraraghavan), 2015, Journal of Banking and Finance 50, 1-18. 

“Local Gambling Preferences and Corporate Innovative Success” (co-authored with Yangyang Chen, Edward J. Podolski, and Madhu Veeraraghavan), 2014, Journal of Financial and Quantitative Analysis 49(1), 77-106.

 “Conditional Extreme Risk, Black Swan Hedging, and Asset Prices” (co-authored with Feng Wu) forthcoming in Journal of Empirical Finance. 

“Do Low Search Frictions Facilitate Like-buys-Like Mergers? Evidence From Common Bank Networks” (co-authored with Jiakai Chen and Joon-Ho Kim) forthcoming in Journal of Financial Economics. 

“Navigating through Economic Policy Uncertainty: The Role of Corporate Cash Holdings” (co-authored with Huu Nhan Duong, Justin Hung Nguyen, and My Nguyen) forthcoming in Journal of Corporate Finance. 

“Nominal Stock Price Anchors: A Global Phenomenon?” (co-authored with Kee-Hong Bae, Utpal Bhattacharya, and Jisok Kang), 2019, Journal of Financial Markets 44, 31-41. 

“Residual Momentum and Investor Underreaction in Japan” (co-authored with Rosita P. Chang, Shinji Nakano, and Kuan-Cheng Ko), 2018, Journal of Empirical Finance 45, 283-299. 

“CEO Inside Debt and Convertible Bonds” (co-authored with Carl Shen and Wei-Hsien Li), 2018, Journal of Business Finance & Accounting 45, 232-249. 

“Trade-Based Manipulation in IPOs: Beyond the Prosecuted Cases,” (co-authored with Suman Neupane and Madhu Veeraraghavan), 2017, Journal of Corporate Finance 42, 115-130. 

“Do Progressive Social Norms Affect Economic Outcomes? Evidence from Corporate Takeovers” (co-authored with Yangyang Chen, Edward J. Podolski, and Madhu Veeraraghavan), 2017, Journal of Empirical Finance 41, 76-95. 

“Religious Beliefs and Local Government Financing, Investment, and Cash Holding Decisions” (co-authored with Yangyang Chen, Zoltan Murgulov, and Madhu Veeraraghavan), 2016, Journal of Empirical Finance 38, 258-271. 

"Stock Liquidity and Managerial Short-Termism" (co-authored with Yangyang Chen, Madhu Veeraraghavan, and Leon Zolotoy), 2015, Journal of Banking and Finance 60. 44-59. 

“National Culture and Cash Holdings in International Markets” (co-authored with Yangyang Chen, Cameron Truong, and Madhu Veeraraghavan), 2015, Journal of Banking and Finance 50, 1-18. 

“Local Gambling Preferences and Corporate Innovative Success” (co-authored with Yangyang Chen, Edward J. Podolski, and Madhu Veeraraghavan), 2014, Journal of Financial and Quantitative Analysis 49(1), 77-106.

Awards & 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