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Jisok Kang

 

j.kang@jbs.cam.ac.uk

Jisok Kang obtained his PhD  in 2016, from Schulich School of Business, York University, Canada and joined CERF in September 2016

Research Agenda: the effect of better (and more) disclosure on executive compensation

This is an empirical study but based on a theory paper, titled as “Information disclosure and corporate governance (JF, 2012).” Unlike a common belief in corporate governance discussions that better disclosure boosts a firm’s value by alleviating the agency problem, the paper shows that better (and more) disclosure could induce the higher level of executive compensation, thus reduce shareholders’ wealth. We empirically test this theoretical endeavour on an international setting. We have found that the introduction of the International Financial Reporting Standards (IFRS) which is assumed to enforce better disclosure and monitoring in many countries indeed has a positive correlation with the executive compensation level. We now search for other proxies for the extent of disclosure and monitoring.

Research Update - August 2018

Research Update - April 2018

Research Update - August 2017

Research Update - April 2017

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CERF Fellow Dr. Bang Dang Nguyen - paper will be presented at the AFA Annual Meeting 2020 in San Diego

Sep 26, 2019

Political Connections and Firm Value: Evidence from Close Gubernatorial Elections, joint with Q.A. Do (SciencesPo Paris) and Yen-Teik Lee (Curtin University), is accepted and will be presented at the AFA Annual Meeting 2020 in San Diego.

CERF Scholar Shiqi Chen presented her paper at Leeds University Business School

Jun 28, 2019

Shiqi Chen presented her paper entitled “Financial Policies and Internal Governance with Heterogeneous Risk Preferences” (joint with Bart Lambrecht) in the Accounting and Finance seminar at Leeds University Business School, the Finance seminar at Essex Business School, CERF Lunch Seminar at Cambridge Judge Business School, and at the 2019 Annual Real Options Conference in London.

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