Search Results - "Bae, Sung C."

Currency derivatives for hedging: New evidence on determinants, firm risk, and performance by Bae, Sung C., Kim, Hyeon Sook, Kwon, Taek Ho

“…Employing firm‐level data for Korean firms, we find that firms with more export, more foreign currency debt, and higher exchange rate exposures are likely to…”
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Exchange Rate Risk Management using Currency Derivatives: The Case of Exposures to Japanese Yen by Bae, Sung C., Kwon, Taek Ho

“…This paper focuses on managing exchange rate risk associated with a secondary, non-USD exchange rate of Japanese yen (JPY). Employing Korean firm data, our…”
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CULTURE, CORPORATE GOVERNANCE, AND DIVIDEND POLICY: INTERNATIONAL EVIDENCE by Bae, Sung C., Chang, Kiyoung, Kang, Eun

“…We find that Hofstede's cultural dimensions—uncertainty avoidance, masculinity, and long‐term orientation—remain significant in the determination of firms’…”
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Foreign currency borrowing surrounding the global financial crisis: Evidence from Korea by Bae, Sung C., Kim, Hyeon Sook, Kwon, Taek Ho

“…We present a complete profile of firms’ foreign currency borrowing surrounding the 2007 global financial crisis. Employing extensive data from Korean firms…”
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The interactions of corporate sales growth and diversification strategy: Cross-country evidence by Kwon, Taek Ho, Bae, Sung C., Park, Soon Hong

“…•Examines valuation effects of interactions of sales growth and diversification strategies.•A diversification premium when both diversification and sales…”
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Corporate social responsibility, credit rating, and private debt contracting: new evidence from syndicated loan market by Bae, Sung C., Chang, Kiyoung, Yi, Ha-Chin

“…We examine the impact of corporate social responsibility (CSR) activities on loan spreads of syndicated bank loans, with a particular interest in how CSR and…”
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Idiosyncratic volatility and cash flow volatility: New evidence from S&P 500 by Pae, Yuntaek, Bae, Sung C., Lee, Namhoon

“…Employing firm-level data of S&P 500 constituent companies from 1990 to 2016, we offer new evidence on the strong time series and cross-sectional relationships…”
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Hedging operating and financing risk with financial derivatives during the global financial crisis by Bae, Sung C., Kwon, Taek Ho

“…We investigate whether firms properly protect values from sudden exchange rate changes using financial derivatives. Sampling Korean firms, we compare firms…”
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Are more corporate social investments better? Evidence of non-linearity effect on costs of U.S. Bank loans by Bae, Sung C., Chang, Kiyoung, Yi, Ha-Chin

“…We explore a research issue of whether corporate social responsibility (CSR) activities have a monotonic relationship with the cost of bank debt. Employing…”
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Do firms benefit from related party transactions with foreign affiliates? Evidence from Korea by Bae, Sung C., Kwon, Taek Ho

“…We extend the existing literature on related party transactions (RPTs) from a domestic to an international dimension and uncover new evidence of resource…”
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Managing exchange rate exposure with hedging activities: New approach and evidence by Bae, Sung C., Kwon, Taek Ho, Park, Rae Soo

“…Undocumented in the literature, we show that the effectiveness of firms' hedging activities depends on the underlying characteristics (e.g., direction) of…”
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The impact of corporate social responsibility activities on corporate financing: a case of bank loan covenants by Bae, Sung C., Chang, Kiyoung, Yi, Ha-Chin

“…We examine the impact of corporate social responsibility (CSR) activities on the intensity of loan covenants, one of the most important nonpricing terms of…”
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Determinants of target selection and acquirer returns: Evidence from cross-border acquisitions by Bae, Sung C., Chang, Kiyoung, Kim, Doseong

“…We examine cross-border acquisitions of private and public targets by U.S. firms by employing self selection models. We are particularly interested in the…”
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The Effect of R&D Investments on Market Value of Firms: Evidence from the U.S., Germany, and Japan by Bae, Sung C, Kim, Dongnyoung

“…This paper examines the effect of R&D investments on the market value of firms in the U.S., Germany, and Japan. Specially, this paper investigates the…”
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Foreign Currency Debt Financing, Firm Value, and Risk: Evidence from Korea Surrounding the Global Financial Crisis by Bae, Sung C., Kim, Hyeon Sook, Kwon, Taek Ho

“…We examine the valuation effect of foreign currency (FC) debt financing, relative to local currency (LC) debt financing. Employing extensive data from Korean…”
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The Determinants of Foreign Currency Debt Financing: Borrower Incentives or Lender Incentives? by Bae, Sung C., Kim, Hyeon Sook, Kwon, Taek Ho

“…We offer new evidence that firm‐level determinants of foreign currency (FC) and local currency (LC) debt financing differ significantly. While LC debt…”
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Does corporate diversification by business groups create value? Evidence from Korean chaebols by Bae, Sung C., Kwon, Taek Ho, Lee, Jang W.

“…We investigate the valuation effects of diversification activities by Korean business groups known as chaebols. Employing an extensive dataset of Korean firms…”
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Trading Behavior, Performance, and Stock Preference of Foreigners, Local Institutions, and Individual Investors: Evidence from the Korean Stock Market by Bae, Sung C., Min, Jae Hoon, Jung, Sunbong

“…We examine the trading behavior and performance of foreigners, local institutions, and individual investors in the Korean stock market. The key research issue…”
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Asymmetric Foreign Exchange Exposure, Option Trade, and Foreign Currency-Denominated Debt: Evidence from Korea by Bae, Sung C., Kwon, Taek Ho

“…We examine the measurement and determinants of asymmetric foreign exchange exposure with a focus on the role of firms' usage of foreign currency‐denominated…”
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Long-Run Stock and Operating Performance of Underwriter Warrants: Evidence from Seasoned Equity Offerings by Bae, Sung C., Chang, Kiyoung, Jo, Hoje

“…We examine the long‐run stock and operating performance of firms issuing underwriter warrants. Using matched samples, we found significant long‐run…”
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