Home > Faculty and Research > Academic Departments > Finance and Managerial Economics > Faculty > Chung, Kee

Kee H. Chung

Department Chair
Louis M. Jacobs Professor of
Financial Planning and Control
Finance and Managerial Economics Department

Education

PhD, University of Cincinnati
MS, The Korea Advanced Institute of Science and Technology
BS, Hanyang University


 Vita

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Dr. Chung's interests are in the areas of market microstructure, corporate governance and financial markets.

Selected Publications

Kee H. Chung and Chairat Chuwonganant.  "Uncertainty, Market Structure, and Liquidity."  Journal of Financial Economics, forthcoming.

Kee H. Chung and Hao Zhang.  "A Simple Approximation of Intraday Spreads with Daily Data."  Journal of Financial Markets, forthcoming.

Kee H. Chung, John Elder, and Jang-Chul Kim.  "Liquidity and Information Flow around Monetary Policy Announcements."  Journal of Money, Credit, and Banking 45 (August 2013), 781-820.

Kee H. Chung and Chairat Chuwonganant. "Regulation NMS and Market Quality."  Financial Management 41 (Summer 2012), 285-317.  Lead article.

Kee H. Chung, Carol Ann Frost, and Myungsun Kim.  "Characteristics and Information Value of Credit Watches."  Financial Management 41 (Spring 2012), 119-158.

Kee H. Chung and Hao Zhang. "Corporate Governance and Institutional Ownership."  Journal of Financial and Quantitative Analysis 46 (February 2011), 247-273.

Kee H. Chung, John Elder, and Jang-Chul Kim.  "Corporate Governance and Liquidity."  Journal of Financial and Quantitative Analysis 45 (April 2010), 265-291.  Lead article.  Featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation.  http://blogs.law.harvard.edu/corpgov/tag/kee-h-chung/

Kee H. Chung, William T. Smith, and Tao L. Wu.  "Time Diversification: Definitions and Some Closed-form Solutions."  Journal of Banking and Finance 33 (June 2009), 1101-1111.

Kee H. Chung and Chairat Chuwonganant. "Transparency and Market Quality: Evidence from SuperMontage." Journal of Financial Intermediation 18 (January 2009), 93-111.

Kee H. Chung, Chairat Chuwonganant, and Jing Jiang. "The Dynamics of Quote Adjustments." Journal of Banking and Finance 32 (November 2008), 2390-2400.

Xin Zhao and Kee H. Chung. "Information Disclosure and Market Quality: The Effect of SEC Rule 605 on Trading Costs." Journal of Financial and Quantitative Analysis 42 (September 2007), 657-682.

Kee H. Chung and Chairat Chuwonganant. "Quote-Based Competition, Market Share, and Execution Quality in NASDAQ-Listed Securities." Journal of Banking and Finance 31 (September 2007), 2770-2795.

Kee H. Chung, Chairat Chuwonganant, and D. Timothy McCormick. "Does Internalization Diminish the Impact of Quote Aggressiveness on Dealer Market Share?" Journal of Financial Intermediation 15 (January 2006), 108-131.

Kee H. Chung, Chairat Chuwonganant, and D. Timothy McCormick. "Order Preferencing and Market Quality on NASDAQ Before and After Decimalization." Journal of Financial Economics 71 (March 2004), 581-612.

Kee H. Chung, Mingsheng Li, and Linda Yu. "Assets in Place, Growth Opportunities, and IPO Returns." Financial Management 34 (Autumn 2005), 65-88.

Kee H. Chung and Seongyeon Cho. "Security Analysis and Market Making." Journal of Financial Intermediation 14 (January 2005), 114-141.

Kee H. Chung and Youngsoo Kim. "The Dynamics of Dealer Markets and Trading Costs." Journal of Banking and Finance 29 (December 2005), 3041-3059.

Kee H. Chung, Mingsheng Li, and Thomas H. McInish. "Information-Based Trading, Price Impact of Trades, and Trade Autocorrelation." Journal of Banking and Finance 29 (July 2005), 1645-1669.

Kee H. Chung, Charlie Charoenwong, and David K. Ding. "Penny Pricing and the Components of Spread and Depth Changes." Journal of Banking and Finance 28 (December 2004), 2981-3007.

Kee H. Chung and Chairat Chuwonganant. "Tick Size, Order Handling Rules, and Trading Costs." Financial Management 33 (Spring 2004), 47-62.

Kee H. Chung and Chairat Chuwonganant. "Tick Size and Quote Revisions on the NYSE." Journal of Financial Markets 5 (October 2002), 391-410.

Kee H. Chung, Bonnie Van Ness, and Robert Van Ness. "Can the Treatment of Limit Orders Reconcile the Differences in Trading Costs Between NYSE and NASDAQ Issues?" Journal of Financial and Quantitative Analysis 36 (June 2001), 267-286.

Kee H. Chung and Robert Van Ness. "Order Handling Rules, Tick Size, and the Intraday Pattern of Bid-Ask Spreads for NASDAQ Stocks." Journal of Financial Markets 4 (April 2001), 143-161.

Kee H. Chung, Raymond A. K. Cox and John Mitchell. "Citation Patterns in the Finance Literature." Financial Management 30 (Autumn 2001), 99-118.

Kee H. Chung. "Marketing of Stocks by Brokerage Firms: The Role of Financial Analysts." Financial Management 29 (Summer 2000), 35-54.

Kee H. Chung, Bonnie Van Ness, and Robert Van Ness. "Limit Orders and the Bid-Ask Spread." Journal of Financial Economics 53 (August 1999), 255-287.

Kee H. Chung and Jeong-Kuk Kim. "Corporate Ownership and the Value of a Vote in an Emerging Market." Journal of Corporate Finance 5 (March 1999), 35-54.

Kee H. Chung, Peter Wright, and Charlie Charoenwong. "Investment Opportunities and Market Reaction to Capital Expenditure Decisions." Journal of Banking and Finance 22 (1998), 41-60.

Kee H. Chung and Hoje Jo. "The Impact of Security Analysts' Monitoring and Marketing Functions on the Market Value of Firms." Journal of Financial and Quantitative Analysis 31 (December 1996), 493-512.

Kee H. Chung and Stephen Pruitt. "Executive Ownership, Corporate Value, and Executive Compensation: A Unifying Framework." Journal of Banking and Finance 20 (August 1996), 1135-1159.

Kee H. Chung, Thomas McInish, Robert Wood, and Donald Wyhowsky. "Production of Information, Information Asymmetry, and the Bid-Ask Spread: Empirical Evidence from Analysts' Forecasts." Journal of Banking and Finance 19 (1995), 1025-1046.

Kee H. Chung and Raymond A. K. Cox. "A Stochastic Model of Superstardom: An Application of the Yule Distribution." Review of Economics and Statistics 76 (November 1994), 771-775.

Kee H. Chung and Stephen Pruitt. "A Simple Approximation of Tobin's q." Financial Management 23 (Autumn 1994), 70-74.

Kee H. Chung. "The Contingent-Claims Approach to Investment Decisions." Decision Sciences 24 (November/December, 1993), 1215-1221.

Kee H. Chung and Charlie Charoenwong. "Investment Options, Assets in Place, and the Risk of Stocks." Financial Management 20 (Autumn 1991), 21-33.

Raymond A. K. Cox and Kee H. Chung. "Patterns of Research Output and Author Concentration in the Economics Literature." Review of Economics and Statistics 73 (November 1991), 740-747.

Kee H. Chung. "Output Decision under Demand Uncertainty with Stochastic Production Function: A Contingent Claims Approach." Management Science 36 (November 1990), 1311-1328.

Kee H. Chung and Raymond A. K. Cox. "Patterns of Productivity in the Finance Literature: A Study of Bibliometric Distributions." Journal of Finance 45 (March 1990), 301-309.

Professional Associations

Administrative Responsibilities

International Activities

Awards and Honors

Other Experience

Contact Information

Kee H. Chung
Department Chair
Professor
Finance and Managerial Economics
School of Management
University at Buffalo
360 Jacobs Management Center
Buffalo, NY 14260-4000

Tel: 716-645-3262
Email