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이우종

Financial Accounting, Valuation 교수


교수 소개

Woo-Jong Lee is Professor of Accounting at SNU Business School. Lee received his BBA and PhD degrees from Seoul National University, and taught at The Hong Kong Polytechnic University before returning to his alma mater. He teaches financial and managerial accounting courses of all layers. Lee's research investigates how financial reporting mitigates information issues and therefore improves resource allocation of both managers and external capital providers, particularly in the setting of Korean firms. He has published in elite accounting and management journals including Journal of Accounting and Economics, Contemporary Accounting Research, and Management Science. His works have also been cited in leading professional magazines such as Institutional Investor and CFA Digest. He is currently an associate editor of Journal of Contemporary Accounting and Economics (SSCI).

경력사항

[학력 및 경력]
(現) 서울대학교 경영대학, 교수
(現) 호주디킨대학교 경영대학, 방문교수
(前) 홍콩이공대학 (香港理工大學) 경영대학, 부교수
서울대학교 경영대학, 학사/박사

[수상 및 서훈]
회계·세무 관련 8개 학회 통합학술대회 우수논문상 (2020)
서울대학교 경영대학 우수강의상 (2018)
한국세무학회 우수심사자상 (2018)
한국공인회계사회 최우수논문상 (2016)
서울대학교 차세대 신진학자 (2015)
홍콩이공대학 Faculty Award for Outstanding Performance (2013)
World Accounting Frontier Series 최우수논문상 (2011, 2015)
미국회계학회 최우수논문상 (Western Region, 2011)
한국회계학회 최우수논문상 (2008)

학술활동

[전공분야]

    재무회계, 기업가치평가, 기업지배구조, 자본시장

[국내학술지]

  1. "주기적 감사인 지정제의 이행비용: 피감법인의 효용변화를 중심으로", 선우희연과 공저. 회계학연구, 게재예정.
  2. "The Role of Business Press in Security Pricing: Initial Evidence from Korean Stock Market", 김세희, 박다윗, 조미옥과 공저. 회계저널, 2020, 29 (5): 311-351.
  3. "특수관계인 거래 공시와 조세회피 행위: 공정거래위원회 공시를 중심으로", 노희천, 최가영과 공저. 세무와 회계저널, 2020, 21 (1): 9-30.
  4. “한국기업의 지배구조는 개선되었는가? 현금보유수준 및 가치관련성 추세를 중심으로", 양승희, 정태진, 조미옥과 공저. 회계학연구, 2018, 43 (4): 101-159.
  5. “우리말 사업보고서 가독성 연구의 가능성에 대한 탐색적 연구", 임승연, 정태진, 조미옥과 공저. 회계학연구, 2018, 43(4): 37-100
  6. “Asset Growth and Analysts’ Multi-Period Earnings Forecasts", 조형진, 최선화, 황이석과 공저. 회계학연구, 2018, 43 (2): 89-127.
  7. “Auditors’ Response to Organized Labor in Client Firms”, with Simon Fung, Bin Srinidhi, and Nancy Su, Seoul Journal of Business, 2017, 23 (2): 23-65.
  8. “코스닥시장 신규상장기업의 이익조정과 종업원의 지분참여”, 기은선, 이종룡과 공저. 회계저널, 2017, 26 (3): 79-105.
  9. “Personnel is Policy: Labor Investment Efficiency and Firm Value”, 유경화와 공저. 회계학연구, 2017, 42 (2): 125-168.
  10. “회계투명성의 국가 간 비교 및 자본비용과의 상관관계에 대한 실증연구: 우리나라를 중심으로”, 심호식, 이재경, 한승엽과 공저, 회계ㆍ세무와 감사연구, 2016, 58 (2): 41-81.
  11. “SK텔레콤의 하이닉스 반도체 인수와 발전”, 한송이, 최종학과 공저, 회계저널, 2015, 24 (6): 1-29.
  12. “Earnings Components, Stock Return Variability, and the Impact of Corporate Governance”, 이정훈, 임승연, 황이석과 공저. 회계학연구, 2014, 39 (2), 109-141.
  13. “채권관리권한(Mortgage Servicing Rights)에 대한 회계제도 개선을 위한 연구”, 임승연, 최선화, 황이석과 공저. 회계저널, 2008, 17 (3), 229-253.
  14. “Conditional Conservatism, Listing Status, and Auditor Quality”, 남혜정, 박경호, 황이석과 공저. 회계학연구, 2008, 33 (2), 145-183.
  15. “국민연금기금의 주식시장왜곡에 관한 연구”, 고봉찬, 이병희, 황이석과 공저. Asia-Pacific Journal of Financial Studies,2008, 37(3), 465-500.
  16. “Korean Evidence on the Implied Cost of Equity”, 임승연, 황이석과 공저. 회계학연구, 2008, 33 (1), 97-125.
  17. “방산업체의 이익조정에 관한 연구”, 안태식, 윤성만, 정형록과 공저. 회계학연구, 2007, 32 (1), 59-88.
  18. “Investor Sophistication, Arbitrage Risk, and the Mispricing of Accruals in Korean Listed Firms”, 김문현, 손병철, 황이석과 공저. 회계학연구, 2005, 30 (Supplement), 59-91.
  19. “회계투명성 평가에 대한 연구”, 곽수근, 심호식, 황이석과 공저. 경영논집, 2004, 38 (1), 37-71.

[국외학술지]

  1. “Do Donors Discount Accounting Information of Nonprofits Affiliated with For-Profit Firms?”, with Meeok Cho, Wonsuk Ha, Yewon Kim, and Eugenia Lee. Asia-Pacific Journal of Accounting and Economics, forthcoming.
  2. "Asymmetric Inventory Management and the Direction of Sales Changes”, with Iny Hwang, Taejin Jung and Daniel Gunhee Yang. Contemporary Accounting Research, forthcoming.
  3. "Pro-Labor Institutions and Corporate Employment Efficiency”, with Boochun Jung, Tony Kang, and Gaoguang Zhou. Journal of Accounting, Auditing and Finance, forthcoming.
  4. "The Importance of Organizational Context for the Relation between Human Capital Investment and Firm Performance: Evidence from Labor Unions”, with Hee-Yeon Sunwoo, Justin Law, and Seungbin Oh. Journal of Management Accounting Research, forthcoming.
  5. "Audit Pricing of Hard-to-Read Annual Reports”, with Meeok Cho, Jiwon Hyeon, and Taejin Jung, Asia-Pacific Journal of Accounting and Economics, forthcoming.
  6. “Political Uncertainty and Cost Stickiness: Evidence from National Elections around the World”, with Walid Saffar and Jeffrey Pittman. Contemporary Accounting Research, 2020, 37 (2): 1107-1139.
  7. “Regional Crime Rates and Corporate Misreporting”, with Hyungjin Cho, Sera Choi, and Seunghee Yang, Spanish Journal of Finance and Accounting, 2020, 49 (1): 94-123.
  8. “Preference for Appearance over Substance and Corporate Investment”, with Boochun Jung, Amanda Xiao Li, and Jenny Jing Zhou, Asia-Pacific Journal of Financial Studies, 2019, 48 (2): 236-268.
  9. “Labor Unions and Income Smoothing”, with Sophia Hamm and Boochun Jung. Contemporary Accounting Research, 2018, 35 (3): 1201-1228
  10. “Audit Pricing of Shared Leadership”, with Youn-Sik Choi, Jiwon Hyeon, and Taejin Jung, Emerging Markets, Finance, and Trade, 2018, 54 (2): 336-358
  11. “Do Labor Unions Always Lead to Underinvestment?”, with Hyungjin Cho, Bryan Byung-Hee Lee, and Byungcherl Charlie Sohn. Journal of Management Accounting Research, 2017, 29 (1): 45-66
  12. “Allocation of Cash Flows in Unionized Firms”, with Seungbin Oh, Sangiun Yim and Kyunghwa Yu. Emerging Markets, Finance, and Trade, 2017, 53 (4): 932-951
  13. “The Effectiveness of Regulation Fair Disclosure: Evidence from an Emerging Market”, with Hyungjin Cho and HoshikShim, Emerging Markets, Finance, and Trade, 2016, 52 (6): 1496-1511
  14. “The Impact of Dividend Covenants on Investment and Operating Performance”, with Boochun Jung and Sunny Yang. Journal of Business, Finance, and Accounting, 2016, 43 (3)&(4): 414-447
  15. “Do Managers Withhold Good News from Labor Unions?”, with Richard Chung, Bryan Byung-Hee Lee, and ByungcherlCharlie Sohn. Management Science, 2016, 62 (1): 42-68
  16. “The Impact of Mandatory versus Voluntary Auditor Switch on Stock Liquidity: Some Korean Evidence”, with Sunhwa Choi, Youn-Sik Choi, and Ferdinand A. Gul. British Accounting Review, 2015, 47 (1): 100-116
  17. “Debt Financing and Accounting Conservatism in Private Firms”, with In-Mu Haw and Jay Junghun Lee. Contemporary Accounting Research, 2014, 31 (4): 1220-1259
  18. “Financial Reporting Quality and Labor Investment Efficiency”, with Boochun Jung and David P. Weber. Contemporary Accounting Research, 2014, 31 (4): 1047-1076
  19. “Accounting Valuation and Cross-sectional Stock Returns in China”, with Tony Y. Zhang. China Accounting and Finance Review, 2014, 16 (2), 155-170
  20. “The Association between Big 4 Auditor Choice and the Cost of Equity Capital for Multiple-Segment Firms”, with Jong-Hag Choi. Accounting and Finance, 2014, 54 (1), 135-163
  21. “Return Predictability of Residual-Income-Based Valuation: Risk or Mispricing”, with Lee-Seok Hwang. Abacus, 2013, 49 (2), 219-241
  22. “Does Information Risk Affect the Implied Cost of Equity Capital? An Analysis of PIN and Adjusted PIN”, with Lee-Seok Hwang, Seung-Yeon Lim, and Kyung-Ho Park. Journal of Accounting and Economics, 2013, 55 (2-3), 148-167
  23. “Do Takeover Defenses Impair Equity Investors’ Perception of ‘High Quality’ Earnings?”, with Lee-Seok Hwang. Journal of Accounting, Auditing, and Finance, 2012, 27(3), 325-358
  24. “How Does Ownership Concentration Exacerbate Information Asymmetry among Equity Investors?”, with Hae-Young Byun and Lee-Seok Hwang. Pacific-Basin Finance Journal, 2011, 19 (5), 511-534
  25. “Managerial Entrenchment and the Value of Dividends”. Review of Quantitative Finance and Accounting, 2011, 36 (2), 297-322
  26. “Value Information of Corporate Decisions and Corporate Governance Practices”, with Hae-Young Byun and Lee-Seok Hwang. Asia-Pacific Journal of Financial Studies, 2011, 40 (1), 69-108.

[경영서]

  1. “경영교육 뉴 패러다임”, 이두희 외 공저. 매일경제신문사, 2018, 359쪽.
  2. “Changes in Value Relevance, Timeliness, and Transparency of Reported Accounting Information: An Analysis of Korean Listed Firms”, 김문현, 손병철, 황이석과 공저. 서울대학교 출판문화원, 2008, 263 pages.