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DuckKi Cho

DuckKi Cho


Lecturer

Rm 408
H69 - Codrington Building
The University of Sydney
NSW 2006 Australia

Telephone +61 2 8627 5180
Fax +61 2 9351 6461
duckki.cho@sydney.edu.au
Curriculum vitae Curriculum vitae
Web

Bio

DuckKi received his PhD in Finance from W. P. Carey School of Business at Arizona State University (ASU). He holds a Master of Science in Finance and Economics from London School of Economics and Political Science (LSE) and a Bachelor of Science in Industrial Engineering from Korea Advanced Institute of Science and Technology (KAIST). Before pursuing an academic career, he worked as a Senior Analyst and Manager at Fixed Income Quantitative Analysis Division of Moody's Korean Affiliate. His research focuses on corporate finance, labor economics, and behavioral finance. He studies how labor markets interact with corporate policies, firm value, and production efficiency, and how past experiences shape investors' and managers' economic decision‐making. His papers have won several best paper awards at conferences.

Research Interests

DuckKi’s research focuses on corporate finance and behavioral finance. One of his corporate papers documents that downward wage rigidity, one particular type of labor market friction, has a significant influence on corporate investment. Interestingly, it could play a positive role in improving firm value and production efficiency if a firm tends to overinvest. His behavioral papers examine how past experiences shape investors’ and managers’ economic decision‐making. These projects provide evidence that past experiences distort individuals’ economic decisions, and demonstrate both channels and value consequences of these experience effects. His current working papers are:

  1. Downward Wage Rigidity, Corporate Investment, and Firm Value
    Awarded Best Doctoral Paper Award in Corporate Finance at the 2017 SWFA Annual Meetings
  2. Ephemeral Experiences, Long Lived Impact: Disasters and Portfolio Choice (with Sreedhar T. Bharath)
     Awarded Best Paper Award in Behavioral Finance at the 2016 MFA Annual Meetings
  3. Win‐Stay, Lose‐Shift: A Strategy of Serial Acquirers (with Sreedhar T.Bharath and Lyungmae Choi)

Recent Units Taught

  • FINC5001 Capital Markets and Corporate Finance

    2017: S2,