Hayong Yun

I am an Associate Professor of Finance at the Eli Broad College of Business, Michigan State University. My expertise is in corporate finance, risk management , and law economics. I teach corporate finance to undergraduate, Executive MBA, and PhD students. I received 2008 JPMorganChase Young Researcher Award (Review of Financial Studies), 2013 Brattle Group First Prize (Journal of Finance), and 2017 William F. Sharpe Award for Scholarship in Financial Research (Journal of Financial and Quantitative Analysis). My articles appeared in academic journals including the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, and Management Science. I received my Ph.D. in Finance from Columbia University. Prior to joining the faculty at the Eli Broad College of Business, I was a faculty member at the University of Notre Dame.

Ayotte, Kenneth, and Hayong Yun, Matching Bankruptcy Laws to Legal Environments, Journal of Law Economics and Organization, 2009, Vol. 25, No. 1, pp.2"“30.Tchistyi, Alexei, David Yermack, and Hayong Yun, Negative Hedging: Performance Sensitive Debt and CEOs"™ Equity Incentives, Journal of Financial and Quantitative Analysis, 2011, Vol. 46, No. 3, pp.657"“686.Yun, Hayong, The Choice of Corporate Liquidity and Corporate Governance, Review of Financial Studies, 2009, Vol. 22, No. 4, pp.1447"“1475.Shive, Sophie, and Hayong Yun, Are Mutual Funds Sitting Ducks? Journal of Financial Economics, 2013, Vol. 107, Issue 1, pp.220-237.Perez-Gonzalez, Francisco, and Hayong Yun, Risk Management and Firm Value: Evidence from Weather Derivatives, Journal of Finance, 2013, Vol. 68, No. 5, 2143­–2176.Zhi Da, Wei Yang, and Hayong Yun, Household Production and Asset Prices, Management Science, 2016, Vol. 62, 387-409.Zhi Da, Mitch Warachka, and Hayong Yun, 2015, "Lottery Tax Windfalls, State-Level Fiscal Policy, and Consumption ," Economics Letters, 129:9-12.Fiscal Policy, Consumption Risk, and Stock Returns: Evidence from US States (with Zhi Da and Mitch Warachka), Journal of Financial and Quantitative Analysis, 2018, Vol 53(1):109-136.Industrial Electricity Usage and Stock Returns (with Zhi Da and Dayong Huang), Journal of Financial and Quantitative Analysis, 2017, Vol. 52(1): 37-69.Stefano Rossi and Hayong Yun, Financial Reform and Public Good Provision: Municipal Bankruptcy Law and the Financing of Hospitals, Management Science, Accepted For Publication.