University of Macau, Faculty of Business Administration
Dr. Charlie Chulhee JUN2018-01-19T15:45:02+00:00

Dr. Charlie Chulhee JUN

Assistant Professor in Finance

Faculty of Business Administration
University of Macau, E22
Avenida da Universidade, Taipa, Macau, China

Contact Information

Room: E22-4033
Telephone: (853) 8822-4182
E-mail: charliejun
  • Ph.D. in Finance, Texas Tech University, USA, 2011
  • M.Sc. in Economics, University of Nebraska at Omaha, USA, 2006
  • M.A. in Economics, University of Seoul, South Korea, 2004
  • B.A. in Urban Administration, University of Seoul, South Korea, 2002
  • Assistant professor of finance, Division of Business and Management, United International College, China (Sep 2011 – Jun 2013)
  • Undergraduate Courses
    • Portfolio Management
    • Financial Management
    • Advanced Financial Management
  • Postgraduate Courses
    • Investment and Portfolio Management
  • Corporate Finance and Investment
  • Corporate Governance
  • Board of Director
  • Proxy fight
  • 2015                Multi-Year Research Grant (Level II, University of Macau, Internal Grant)
    – Project title: “The overlapping director and investment efficiency”
  • 2015                Multi-Year Research Grant (Level I, University of Macau, Internal Grant)
    – Project title: “What firm seeks busy directors?”
  • 2013                Start-Up Research Grant (University of Macau, Internal Grant)
    – Project title: “Price Efficiency and Proxy Fights”
  • 2013                UIC Research Grant (competitive)
  1. Houmes, Robert, Kimberly Capriotti, Maggie Foley, and Chulhee Jun, “Evaluating the Long-Term Valuation Effect of Efficient Asset Utilization and Profit Margin on Stock Returns: Additional Evidence from the DuPont Identity”, Meditari Accountancy Research (forthcoming)
  2. Hu, Chengru, Chulhee Jun, and Maggie Foley, 2016, “Valuating New Product Development Project with a Stochastic Volatility Model.” Journal of Mathematical Finance 6(5), 975.
  3. Foley, Maggie, Richard Cebula, Chulhee Jun, Robert Boylan, 2015,”An analysis of withdrawn shareholder proposals”, Corporate Governance 15(4), 546 – 562
  4. Cashman, D. George, Stuart L. Gillan, Chulhee Jun, 2012, “Going overboard? On busy directors and firm value”, Journal of Banking & Finance 36 (12), 3248-3259.
  • August       2017         “The effect of Business Network of Politically Connected Directors on Firm Performance: Evidence from China”, Presented at the 20th Joint conference on Business Administration, Gwangju, South Korea.
  • October     2016          “Board Characteristics and Firm Outcomes: Does Model Specification Matter?”, Presented at the 2016 Financial Management Association (FMA) Annual meeting, Las Vegas, NV, the United States.
  • October     2015          “The Strategic Implication of Withdrawn Shareholder Proposals”, Presented at the 2015 Financial Management Association (FMA) Annual meeting, Orlando, FL, the United States.
  • December 2014           “An Analysis of Withdraw Shareholder Proposals,” Presented at the 5th World Business Ethics Forum, Macau.
  • August      2014          “An Analysis of Withdraw Shareholder Proposals,” Presented at the 16th Joint conference on Business Administration, Daegu, South Korea.
  • October     2013          “Identifying Empirically Robust Board Characteristics”, Presented at the 2013 Financial Management Association (FMA) Annual meeting, Chicago, IL, the United States.
  • December 2014          Session Chair of the “Business Ethics, Organizational Structure and Corporate Governance” at the 5th World Business Ethics Forum, Macau.
  • October    2013           Session Chair of the “Governance and Conflicts” at the 2013 Financial Management Association (FMA) Annual meeting, Chicago, IL, the United States.
  • October    2013           Discussed “Internal Capital Markets, Corporate Investment, and Corporate Governance: Evidence from Korean Chaebols” at the 2013 Financial Management Association (FMA) Annual meeting, Chicago, IL, the United States.
  1. Cashman, D. George, Stuart L. Gillan, and Chulhee Jun, “Board Characteristics and Firm Outcomes: Does Model Specification Matter?”
  2. Jun, Chulhee, and H. Kim, Jayoung Ko, and Kyojik Song, “Going public through mergers with SPACs”
  3. Jun, Chulhee, and Adrian Lei, “Multiple Directorships and Directors’ Quality in China”
  4. Jun, Chulhee, and Donghyun Kim, “Examination of the Ex-dividend Price Behavior of the Korean Stock Market”
  5. Chong, Byung-Uk, Chulhee Jun, and Heonsoo Kim, “Financial Constraints, Market Power, Corporate Governance and Trade Credit Financing in Korea”
  6. Chong, Byung-Uk, Chulhee Jun, and Heonsoo Kim, “Determinants of Collaterals in Syndicated Loan Contracts: Cross-Country Analysis”
  7. Foley, Maggie, Chengru Hu, Chulhee Jun, and Hao Yu, “The effect of Business Network of Politically Connected Directors on Firm Performance: Evidence from China”
  1. “How do Independent Directors Mitigate Bad Information Hoarding? Evidence from a Quasi-natural Experiment” with Jiraporn, Pornsit, and Sang Mook Lee.
  2. “The Effect of Ex-Day Stock Price Behavior on Institutional Dividend Capture Trading” with Kim, Dong H., and Wong Y. Kim
  3. “The Effect of Interest Rate Volatility on Make-Whole Callable Corporate Bond Yield Spreads” with Kim, Dong H., and Wong Y. Kim
  4. “The Effect of Board Financial Expertise on Earning Management and Investment Efficiency” with Sohn, Byungcherl, and Hyungjin Cho
  5. “Boardroom Scholars and Their Roles in Corporate Governance and Firm Performance” with Chowdhury, Reza.
  • Journal of Banking and Finance, Corporate Governance, Asia-Pacific Journal of Business & Commerce, Journal of Business Ethics
  • Master Students
    • Hao Yu (MB34540), “The Effect of Business Network of Politically Connected Directors on Firm Performance: Evidence from China”
    • Io Chou Kei (MB34545), “The impact of Board Gender Diversity on Firm Performance: Evidence from Chinese Listed Companies”
    • Waii Tang (MB54647), “Board Structure, CEO compensation, and Firm performance”
    • Weihua He (MB44625), “The Effect of Business Network of Foreign Independent Directors on Firm value: Evidence from the US”