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Hayong Yun

Associate Professor
Department: Finance
Office:
Eppley Center
667 N Shaw Ln Rm 339
East Lansing, MI 48824
Phone: (517) 884-0549
Curriculum Vitae
  • Biography
    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.
  • Publications
    Article
    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.
    Article
    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.
    Article
    Yun, Hayong, The Choice of Corporate Liquidity and Corporate Governance, Review of Financial Studies, 2009, Vol. 22, No. 4, pp.1447"“1475.
    Article
    Shive, Sophie, and Hayong Yun, Are Mutual Funds Sitting Ducks? Journal of Financial Economics, 2013, Vol. 107, Issue 1, pp.220-237.
    Article
    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.
    Article
    Zhi Da, Wei Yang, and Hayong Yun, Household Production and Asset Prices, Management Science, 2016, Vol. 62, 387-409.
    Article
    Zhi Da, Mitch Warachka, and Hayong Yun, 2015, "Lottery Tax Windfalls, State-Level Fiscal Policy, and Consumption ," Economics Letters, 129:9-12.
    Article
    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.
    Article
    Industrial Electricity Usage and Stock Returns (with Zhi Da and Dayong Huang), Journal of Financial and Quantitative Analysis, 2017, Vol. 52(1): 37-69.
  • Courses
    • FI 414: Advanced Business Finance
    • FI 981: Corporate Finance Theory
    • PIM 873A: Current Business Issues in Finance
  • Awards
    • JPMorgan 2008 Young Researcher Prize
      "The Choice of Corporate Liquidity and Corporate Governance" 2008 Prize from The Review of Financial Studies.
    • Best Teaching Award

      Department of Finance, Eli Broad College of Business, MSU

    • John D. and Dortha J. Withrow Endowed Emerging Scholar Award
      This award recognizes MSU Eli Broad College of Business faculty members who, early in their careers, make substantial contributions to the college in the areas of research, teaching and service.
    • MARC Outstanding Paper Award
      “Family Feud: Succession Tournaments and Risk-Taking in Korean Chaebols” (with Jongsub Lee and Hojong Shin)
      Best paper at the 11th Annual Mid-Atlantic Research Conference in Finance.
    • 2017 William F. Sharpe Award for Scholarship in Financial Research
      "Industrial Electricity Usage and Stock Returns" (with Zhi Da and Dayong Huang) from the Journal of Financial and Quantitative Analysis.
    • Brattle Group Prize (First Prize Paper)
      "Risk Management and Firm Value: Evidence from Weather Derivatives" (with Francisco Pérez-González) 2013 Prize from the Journal of Finance
  • Links

Related News:

Energy use may tip off investors to a hot stock, award-winning Broad research finds  
Findings allows investors to create a strategy to exploit this predictability
Broad professor's research shows electricity usage is predictor of stock market 
Hayong Yun has long had an interest in electricity and its impact on business.
Not so 'evil': Finance study makes case for hedging  
The overuse of financial contracts known as derivatives was widely blamed for triggering the economic crisis of 2008
Hayong Yun wins Brattle Group First Prize in Corporate Finance 
Hayong Yun awarded the 2013 Brattle Group First Prize in Corporate Finance—one of the highest honors in finance
Broad professor wins ultimate finance award  
Hayong Yun has been awarded the 2013 Brattle Group First Prize in Corporate Finance—one of the highest honors in finance