Yong Jae Shin

Yong Jae Shin
Hankyong National University · Department of Business Administration

Doctor of Business Administration

About

19
Publications
4,932
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679
Citations

Publications

Publications (19)
Article
Machine learning holds great promise for lowering product and service costs, speeding up business processes, and serving customers better. It is recognized as one of the most important application areas in this era of unprecedented technological development, and its adoption is gaining momentum across almost all industries. In view of this, we offe...
Article
Purpose This paper aims to develop hedging strategies using both futures and forward contracts and issuing risky debt when financially constrained firms are forced to operate in long horizon. Design/methodology/approach The authors present a model for developing hedging strategies using both futures and forward contracts and issuing risky debt....
Article
Fintech brings about a new paradigm in which information technology is driving innovation in the financial industry. Fintech is touted as a game changing, disruptive innovation capable of shaking up traditional financial markets. This article introduces a historical view of fintech and discusses the ecosystem of the fintech sector. We then discuss...
Article
RD independent variables that are allowed to be endogenous, meaning that they are correlated with past and possibly current realizations of the error; fixed effects; and heteroskedasticity and autocorrelation within subjects. We present our findings in three categories. First, we find evidence that R&D investments are positively related to cash flo...
Article
This study examines the effect of firms` working capital management on their performance for a sample of non-financial companies listed on the Korea Exchange (KRX). The working capital and corporate performance are measured as the ratio of the net working capital to sales and return on assets, respectively. The results are as follows. First, there...
Article
We show how target debt ratios in book value terms applied to new investment can improve alignment of investment incentives in firms when they have risky debt outstanding and asymmetric information. While wealth transfer from both agency conflicts can reduce the value of existing equity, new debt offsets the value loss to old shareholders. New debt...
Article
Purpose – This study focuses on the profitability of momentum trading in the Korean stock market. More specifically, an examination of the relationship between momentum returns and idiosyncratic volatility (IVol) is conducted to determine whether momentum profits can be explained by IVol.Design/Methodology/Approach – We form portfolios based on the...
Article
We present a model for developing hedging strategies using both futures and forward contracts. Although financially constrained firms suffer from liquidity problems, they can recover much of the lost value by hedging with futures contracts. However, firms with a limited cash balance must raise risky debt to remain operational for the long term, and...
Article
This study examines the relationship between R&D(research & development) investment and market value among KOSDAQ firms in the Korea Stock Exchange. We investigate the effect of R&D investment on firm value in both total sample and sub-samples classified by firm characteristics based on types of firms. And we study the impact of a major economic di...
Article
We show how target debt ratios in book value terms applied to new investment can improve alignment of investment incentives in firms with risky debt outstanding and asymmetric information. While wealth transfer from both agency conflicts can reduce the value of existing equity, new debt offsets the value loss to old shareholders. When an initial ta...

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