Journal of Derivatives and Quantitative Studies: 선물연구: Volume 31 Issue 4 , Open Access

Effectiveness of debt modification system in Korea

Kye moon Lee, Junesuh Yi

This study aims to examine the effectiveness of the debt modification system (DMS) in Korea. We find that DMS does have a positive effect in increasing the credit scores and…

National cultures and the asset growth effect

Robin K. Chou, Kuan-Cheng Ko, S. Ghon Rhee

National cultures significantly explain cross-country differences in the relation between asset growth and stock returns. Motivated by the notion that managers in individualistic…

Retail investors and overpricing of left-tail risk: evidence from the Korean stock market

Jungmu Kim, Yuen Jung Park, Thuy Thi Thu Truong

The authors examined whether stocks with higher left-tail risk measures earn higher or lower futures returns. Specifically, the authors estimate the cross-sectional principal…

The performance distribution and managerial skill of passive funds: evidence from the Korean market

Jaeram Lee, Changjun Lee

This study investigates the performance distribution of passive funds in the Korean market and compares it with the performance distribution of active funds. The key findings are…