Education:
Ph.D., University of Colorado at Boulder - 2007 (Finance)
M.S., University of Texas at Austin - 2002 (Statistics)
MBA, Seoul National University - 1998 (Finance)
BBA, Seoul National University - 1993
Areas of Expertise:
His research focuses on imperfect financial markets and their effect on (or their interaction with) corporate activities. Especially, he investigates how information structure affects asset pricing and market quality such as stock liquidity. Furthermore, he analyzes the effect of market frictions on corporate activities and/or the interaction effect between them.
Books and Publications
Kang, Moonsoo, "ETFs and Information Asymmetry of Underlying Securities: Evidence on the volume-conditioned return autocorrelation." Applied Economics, forthcoming
(Books and Publications: Article (Peer-reviewed)) 2022
Kang, Moonsoo, "The Effect of Corporate Investment on Market Frictions: Implication for the stock price delay premium" Applied Economics Letters, forthcoming (Books and Publications: Article (Peer-reviewed)) 2022
Kang, Moonsoo, KG Viswanathan, NA White, and EJ Zychowicz, "Sustainability efforts, index recognition, and stock performance." Journal of Asset Management, 22: 120-132. (Books and Publications: Article (Peer-reviewed)) 2021
Kang, Moonsoo, J. Krausz, and K. Nam, "The inter-temporal risk-return relation, investor behavior, and technical trading profits: evidence from the G-7 countries." European Journal of Finance. 25: 780-798 (Books and Publications: Article (Peer-reviewed)) 2019
Kang, Moonsoo, S. Khaksari, and K. Nam, "Corporate Investment, Short-term Return Reversal, and Stock Liquidity." Journal of Financial Markets, 39: 68-83 (Books and Publications: Article (Peer-reviewed)) 2018
Kang, Moonsoo, W. Wang, and Y. Xia, "Market Imperfections, Macroeconomic Conditions, and Capital Structure Dynamics: A Cross-Country Study." Emerging Markets Finance and Trade, 54: 234-254 (Books and Publications: Article (Peer-reviewed)) 2018
Kang, Moonsoo, S. Khaksari, and K. Nam, "Trend in Aggregate Idiosyncratic Volatility." Review of Financial Economics, 35: 11-28 (Books and Publications: Article (Peer-reviewed)) 2017
Kang, Moonsoo, W. Wang, and C. Eom, "Corporate Investment and Stock Liquidity." Review of Financial Economics, 33: 1-11 (Books and Publications: Article (Peer-reviewed)) 2017
Kang, Moonsoo and K. Nam, "Informed Trade and Idiosyncratic Return Variation." Review of Quantitative Finance and Accounting, 44.3: 551-572 (Books and Publications: Article (Peer-reviewed)) 2015
Kang, Moonsoo and B. Lee, "Order Flows and Stock Returns: compensation for market makers with inventory concerns." The Financial Review, 49.3: 511-538 (Books and Publications: Article (Peer-reviewed)) 2014
Kang, Moonsoo, "Probability of Information-based Trading and the January Effect." Journal of Banking and Finance, 34.12: 2985-2994 (Books and Publications: Article (Peer-reviewed)) 2010
Awards, Honors and Fellowships
PSC-CUNY Research Award # 64039-00 52 (Awards and Honors) 2021
Conferences, Seminars and Symposiums
Financial Management Association meeting, Denver, 2021, "The Effect of Corporate Investment on Market Frictions: Implication for the stock price delay premium" (Conferences, Seminars and Symposiums: Conference Presentation) 2021
Eastern Finance Association meeting, Boston, 2020, "Sustainability Efforts, Index Recognition, and Stock Performance" (Conferences, Seminars and Symposiums: Conference Presentation) 2020
