Soku K. Byoun

Professional Summary

Soku Byoun is a professor and the Carr P. Collins Endowed Chair of Finance at Hankamer School of Business. He holds a PhD in Finance with a specialty in Corporate Finance and International Finance from the University of South Carolina.

Byoun has published his numerous research papers at major Finance Journals, including Journal of Finance, Journal of Business, Journal of Financial Econometrics, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Banking and Finance, and Financial Management. 

Education

• 2000 – Ph.D., Finance, University of South Carolina, Columbia, South Carolina
• 1994 - Master of Applied Mathematics, University of Illinois – Urbana, Urbana, Illinois
• 1992 - Master of Occupational Education, Chicago State University, Chicago, Illinois
• 1989 - BA, Business Administration, Suma Cum Laude, University of Suwon, Korea

Courses

• FIN 3310 - Introduction to Corporate Finance
• FIN 5203 – Business Foundations - Finance

Research Interests

• Capital structure
• Cost of Capital
• Bond Ratings
• Human capital

Selected Publications

• Byoun, Soku, 2008, How and When Do Firms Adjust Their Capital Structures toward Targets? Journal of Finance 63, 3069-3096.
• Byoun, Soku, 2004, Stock Performance Following Seasoned Stock-Warrant Unit Offerings, Journal of Business, 77(1), 75-100.
• Byoun, Soku,  Jaemin Kim, and Sean Sehyun Yoo, 2013, Risk Management with Leverage: Evidence from Project Finance, Journal of Financial and Quantitative Analysis 48, 549-577.
• Byoun, Soku and Zhaoxia Xu, 2014, Contracts, Governance, and Country Risk in Project Finance: Theory and Evidence, Journal of Corporate Finance 26, 124-144.
• Byoun, Soku, and Zhaoxia Xu, 2016, Capital Allocation and Product Market Competition during a Financial Crisis, Financial Management 45, 267-290.