Daewoung (Joey) Choi

Profile

Curriculum Vitae

Assistant Professor of Finance
UW Bothell School of Business

dwc1223@uw.edu
425-352-5113
UWBB-244

Curriculum Vitae

Academic Appointments

University of Washington, Bothell, WA

Assistant Professor of Finance, School of Business, 2023 – Present

Louisiana State University, Shreveport, LA

Associate Professor of Finance (Tenure Granted), College of Business, 2023
Assistant Professor of Finance, College of Business, 2017 – 2022

Education

University of Alabama, Tuscaloosa, AL

Ph.D. in Finance, Culverhouse College of Business, 2017
Dissertation Committee (6):
Shawn Mobbs (Chair), Anup Agrawal, David Cicero, Douglas Cook, Junsoo Lee, Linda Parsons
M.S. in Applied Statistics, Culverhouse College of Business, 2017
M.S. in Economics, attended (33 credit hours completed), Culverhouse College of Business, 2017
M.S. in Finance, Culverhouse College of Business, 2012

Jeonbuk / Chonbuk National University, South Korea

B.S. in Management, College of Business 2009

Areas of Interest

Research: Corporate Governance, Compensation, Emerging Markets, ESG, TMT, Diversity, Investments

Teaching: Financial Management, Investments, Financial Markets and Institutions

Research

Published Articles

Daewoung Choi, Yongkyu Gam, Hojong Shin (2024) The effect of ESG-motivated turnover on firm financial risk, British Accounting Review (ABS:3, IF:5.11, Acceptance Rate: 8%)
Dapu Credit Best Paper Award, BAR Special Issue Conference, 2023

Cho, C., Choi, D., & Mooney, T. (2024). Marital status and the “S” in ESG management. Applied Economics Letters, 1-7 (SSCI).

Lee, J. H., Choi, D., Choi, H., & Han, S. H. (2024). Corporate Bond Market Reaction to the Mandatory ESG Disclosure Act: Is Sustainium Sustainable?. Asia‐Pacific Journal of Financial Studies (SSCI).

Daewoung Choi, Jinsook Lee, Ha-chin Yi (2023) Managerial Risk-Taking Incentives and Debt Diversity: Evidence from FAS 123R, Finance Research Letters (SSRN, IF: 10.4, Acceptance Rate: 24%)

Daewoung Choi, Hyunju Shin, Kyungmi Kim (2023) CEO’s childhood experience of natural disaster and CSR activities, Journal of Business Ethics (FT 50 Journal)

Sang Ho Lee, Daewoung Choi, Seung Hun Han (2023) Corporate Cash Holdings in Response to Climate Risk and Policies, Finance Research Letters (SSRN, IF: 10.4)

Daewoung Choi, Yongkyu Gam, Hojong Shin (2023) Environmental reputation and bank liquidity: Evidence from climate transition, Journal of Business Finance and Accounting (ABS:3, IF:2.9, Acceptance Rate: 10%)

Chanho Cho, Tim Mooney, Daewoung Choi, Tony M. Via (2023) Do Married CEOs Foster More Efficient Innovation? Review of Financial Economics (IF:1.2, Acceptance Rate: 15%)

Daewoung Choi, David Cicero, Shawn Mobbs (2022) CEO Marketability, Employment Opportunities, and Compensation: Evidence from Compensation Peer Citations, Journal of Financial and Quantitative Analysis (FT 50 Journal)
Outstanding Paper Award, Eastern Finance Association (EFA), 2016

Daewoung Choi, Seungho Choi, Yongkyu Gam, Hojong Shin (2022) R&D Investment Decisions in Business Groups: Evidence from a Natural Experiment, Corporate Governance: An International Review (ABS:3, IF:5.3, Acceptance Rate: 8%)

Daewoung Choi, Yongkyu Gam, Hojong Shin (2020) Corporate Fraud under Pyramidal Ownership Structure: Evidence from a Regulatory Reform, Emerging Markets Review (ABS:2, IF:4.8, Acceptance Rate: 7%)

Resubmission Articles

ESG Reputational Risk in Family Firms: Evidence from Korean Chaebols, with Minjung Kang, Jieun Im, and Hojong Shin, 2024

Under Review Articles

The Mitigation of Reputational Risk via Responsive CSR: Evidence from Securities Class Action Lawsuits, with Douglas Cook, Tony M. Via, and Weiwei Zhang, 2024

Analyst Effects on Intangible Investment: Evidence from Corporate Political Investments, with Douglas Cook, Jinwook Hong, and Tony M. Via, 2024

Should I Stay or Should I Go: An Examination of CEO Tenure and Outside Employment Opportunities, with Donghyun Kim, Justin Lord, and Lukai Yang, 2024

General Managerial Skills, Tolerance for Failure, and Stock Price Crash Risk, with Ha-chin Yi and Thanh Ngo, 2023

Corporate Bond Market Reaction to the Mandatory ESG Disclosure: Is Sustainium Sustainable? With Junghwa Lee, Hoyeong Choi, and Seunghun Han

Working Paper

Investor Relations Executives in the Top Management Team, with Shawn Mobbs, 2024

• Research Symposium on Finance and Economics (RSFE), 2023 / New Zealand Finance Meeting (NZFM), 2022 / Vietnam Symposium in Banking and Finance (VSBF), 2022 / Financial Markets and Corporate Governance (FMCG), 2022 / Southeast Decision Sciences (SEDSI), 2022 / KAFA-KFAs Joint Conference, Korea, 2020 (Top 6 papers selected by KAFA, travel grant award) / Financial Management Association 2020 / Korea Advanced Institute of Science and Technology 2020 / Ulsan National Institute of Science and Technology 2020

Married CEOs and the “S” in ESG Management with Chanjo Cho and Tim Mooney, 2024

• Australasian Finance and Banking Conference (AFBC), 2022 / Vietnam Symposium in Banking and Finance (VSBF), 2022 / Southern Finance Association (SFA), 2022 / European Financial Management Annual Meeting (EFMA), 2022/ SKKU International Conference: Trends in Digital Economy and Finance, 2022 / Financial Markets and Corporate Governance (FMCG), 2022 / Southeast Decision Sciences (SEDSI), 2022

Are You in Good Hands? The Value Implications of the CEO Handovers, with Omrane Guedhami, Donghyun Kim, and Junchul Park, 2024

• KAFA-KFAs Joint Conference, Korea, 2024 (Best Paper Award)

Generational Cohort Similarity in the CEO-TMT Interface and Firm Innovation, with Kyungmi Kim, and Hyunju Shin, 2024

• Academy of Marketing Science (AMS) Conference, 2024

Sales-Experienced Executives in Top Management Teams: Their Impact on Corporate Social Responsibility, with Brad Eskridge, Atanas Nikolov, and Hyunju Shin, 2024

• American Marketing Association (AMA) Summer Conference, 2023

Internal Corporate Communication: Age Gap between CEOs and CFOs, with Tony M. Via and Weiwei Zhang, 2024

• New Zealand Finance Meeting (NZFM), 2022 / Vietnam Symposium in Banking and Finance(VSBF), 2021 / Financial Management Association Annual Meeting (FMA), New Orleans, 2019

Social Capital and the African American in the Boardroom, with Yongkyu Gam, Minjung Kag, and Hojong Shin, 2024

Director Labor Market: A Conduit for Corporate Social Responsibility, with Taein Jun, Shwan Mobbs, Josh Pierce, 2024

• Financial Management Association Annual Meeting (FMA), 2024 / Northern Finance Association (NFA), 2023

Market Risk Premium and ESG Risk, with Yong Kyu Gam, Yong Hyuck Kim, Dmitriy Muravyev, and Hojong Shin, 2024

Work in Progress

Precautionary Cash Holdings and CSR Engagement: Evidence from Family Firm, with Sangho Lee, Seunghun Han, 2024

Stock Price Crash Risk: An Analysis of Intra-Firm and Industry Tournament Incentives, with Ha-chin Yi, 2024

Institutional Owner Risk Management After a Crisis: The Use of Responsive CSR, with Via, 2024

Teaching Experience

University of Washington, Bothell, WA

Instructor:
Business Finance (BBUS 350), 2024-2025
Investments (BBUS 454), 2023-2024

Louisiana State University, Shreveport, LA

Teaching Award:
Educator Impact Award, College of Business, 2019

Instructor:
Financial Management, 2017 – 2023
Investments, 2019 – 2023
Financial Markets (Online), 2017 – 2023
Corporate Finance (Online), 2018 – 2023
Microeconomics (Online), 2018

University of Alabama, Tuscaloosa, AL

Instructor:
Intermediate Financial Management, Summer 2017
Financial Markets and Institutions, Spring 2016
Business Finance, Fall 2015

Honors and Awards

• Outstanding Paper Award, Joint Conference with the Allied Korea Finance Associations, Korea, 2024
• Best Paper Award, British Accounting Review (BAR) Special Issue Conference: New Perspectives on Financial Distress and Corporate Risk Management, 2023
• Best Paper Award, Joint Conference with the Allied Korea Finance Associations, Seoul, Korea, 2022
• Travel Grant Award, KAFA-KIF-KAEA Symposium, Korea, 2022, 2024
• LSUS Faculty Research and Development Grant, Louisiana State University Shreveport, 2017- 2022
• Travel Grant Award, KAFA-KFAs Joint Conference, 2018, 2019, 2022
• Educator Impact Award, Louisiana State University Shreveport, 2019
• Distinguished Korean Journalist Fellowship, Shin Yong-Ho Memorial Society, 2017
• Best Paper Award in Corporate Finance, EFA, Jacksonville, FL, 2017
• Best Paper Award, KABE, Seoul, South Korea, 2016
• Summer Excellence in Research Grant Award, University of Alabama, 2016
• Shinhan Bank & KAFA Scholarship, KAFA, 2016
• Yung-Ho Shin Fellowship, Kyobo Life Insurance & University of Alabama, 2011 – 2016
• Graduate Assistantship, University of Alabama, 2013 – 2016
• Graduate Council Fellowship, University of Alabama, 2012-2013
• Beta Gamma Sigma, University of Alabama, 2010

Professional Service

• Secretary General, Korea America Finance Association (2024 – 2027)
• Executive Board, Korea America Finance Association (2021 – 2023)
• Track Chair (2024 – 2025): SEDSI (Accounting, Economics, and Finance)
• Program Committee (2017 – 2024): AMS / AMA Winter / AMA Summer / SFA / FMA Asia/Pacific / FMA Global Conference / FMA Annual Meeting / FMA Applied Conference / FMA European Conference
• Journal Review (2017 – 2024): Research Policy / Finance Research Letters / Journal of Business Ethics / Review of Managerial Science / Journal of Empirical Finance / Asian Review of Financial Research / Emerging Markets Review / Journal of Behavioral and Experimental Finance
• Mentor for University of Washington (UW) undergraduate research symposium, Bothell/Seattle/Tacoma, 2024
• Executive Board of Korea America Finance Association (KAFA), 2021-2023
• Judge for BBB annual torch awards, Better Business Bureau (BBB), Shreveport, 2022
• Judge for Annual Regional Student Scholars Forum, Shreveport, 2022
• Judge for the Business Student Research Forum, Louisiana State University, Shreveport, 2018

Conference

Conference Presentation

• Conference on Empirical Legal Studies (CELS), University of Virginia-Law School, 2022
• Climate and Energy Finance Group (CEFGroup Climate Finance Symposium), University of Otago Business School, New Zealand, 2022
• New Zealand Finance Meeting (NZFM, virtual), 2022
• 2nd Credit Scoring and Credit Rating Conference (CSCR, virtual), Ningbo, China, 2022
• KAEA-KIF-KAFA joint symposium, Seoul, Korea, 2024 / 2022
• Joint Conference with the Allied Korea Finance Associations, Seoul, Korea, 2024 / 2022
• International Risk Management Conference (IRMC, virtual), 2022
• Research Symposium on Finance and Economics (RSFE, virtual), 2023 / 2022
• Asian Finance Association annual meeting (AsianFA, virtual), 2022
• SKKU International Conference: Trends in Digital Economy and Finance, 2022
• Financial Markets and Corporate Governance conference (FMCG, virtual), 2022
• Conference on Asia-Pacific Financial Markets (CAFM), South Korea, 2022
• Vietnam Symposium in Banking and Finance (VSBF, virtual), 2022 / 2021
• Southeast Decision Sciences (SEDSI), 2022
• Financial Management Association (FMA), 2023 / 2020
• China International Conference in Finance (CICF), Guangzhou, China, 2019
• Asian Finance Association (AsianFA), Ho Chi Minh City, Vietnam 2019
• KAFA-KFAs Joint Conference, Cheonan, Korea, 2022 / 2020 / 2019 / 2018
• Korea Advanced Institute of Science and Technology (KAIST), Korea, 2022 / 2021 / 2019 / 2016
• Ulsan National Institute of Science and Technology (UNIST), Korea, 2020 / 2019
• Financial Management Association (FMA), 2020 (2 papers) / 2019 (2 papers) / 2018 (2 papers) / 2017
• Southern Finance Association (SFA), 2018 / 2016 (3 papers)
• Southwestern Finance Association (SWFA), 2023 / 2022 / 2021 / 2020 / 2018 / 2016
• Eastern Finance Association (EFA), 2018 / 2017 (2 papers)
• Midwest Finance Association (MFA), San Antonio, TX, 2018 (2 papers)
• European Finance Association (EFA), Mannheim, Germany, 2017
• Northern Finance Association (NFA), Québec, Canada, 2016
• Korean Association of Business Education (KABE), Seoul, South Korea, 2016

Discussant

• KAFA Brown Bag Seminar, 2023
• Conference on Empirical Legal Studies (CELS), University of Virginia-Law School, 2022
• Climate and Energy Finance Group (CEFGroup Climate Finance Symposium), University of Otago Business School, New Zealand, 2022
• New Zealand Finance Meeting (NZFM-Scheduled, virtual), 2022
• Joint Conference with the Allied Korea Finance Associations, Seoul, Korea, 2022
• International Risk Management Conference (IRMC, virtual), 2022
• Asian Finance Association annual meeting (AsianFA, virtual), 2022
• Financial Markets and Corporate Governance conference (FMCG, virtual), 2022
• Vietnam Symposium in Banking and Finance (VSBF, virtual), 2022 / 2021
• Asian Finance Association (AsianFA), Ho Chi Minh City, Vietnam 2019
• KAFA-KFAs Joint Conference, Korea, 2019 / 2018
• Eastern Finance Association (EFA), 2018 / 2017
• Midwest Finance Association (MFA), 2018 (2 papers)
• Southwestern Finance Association (SWFA), 2023 / 2022 / 2021 / 2020 / 2018 / 2016
• Southern Finance Association (SFA), 2018 / 2016 (3 papers)
• Financial Management Association (FMA), 2015

Session Chair

• Vietnam Symposium in Banking and Finance (VSBF, virtual), 2022 / 2021
• Financial Markets and Corporate Governance conference (FMCG, virtual), 2022
• Asian Finance Association (AsianFA), Ho Chi Minh City, Vietnam 2019
• Eastern Finance Association (EFA), Philadelphia, PA, 2019
• Financial Management Association (FMA), 2024 / 2022 / 2014

Other Activities

• President of International Campus Ministry, University of Alabama 2011 – 2013
• Representative of Graduate Students of Korean Student Association, University of Alabama, 2011
• Overseas Volunteer, Damauri, Nepal, 2008
• San Ha Guitar Club, South Korea, 2001 – 2002