Daewoung (Joey) Choi
Assistant Professor of Finance
UW Bothell School of Business
dwc1223@uw.edu
425-352-5321
UWBB-244
About Dr. Choi
Professional Positions
2023 – Present, Assistant Professor of Finance, School of Business, University of Washington Bothell
2017 – 2023, Assistant Professor of Finance, Department of Finance and Economics, Louisiana State University in Shreveport, LA, USA
Education
University of Alabama, Tuscaloosa, AL, USA
Ph.D. in Finance, Culverhouse College of Business, 2017
Dissertation Committee
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), Culverhouse College of Business, 2017
M.S. in Finance, Culverhouse College of Business, 2012
Chonbuk National University, South Korea
B.S. in Management, College of Business 2009
Areas of Interest
Research: Corporate Governance, Compensation, Emerging Markets, ESG, Investments
Teaching: Financial Management, Investments, Financial Markets and Institutions, International Finance
Research
Forthcoming /Accepted Articles
CEO Marketability, Employment Opportunities, and Compensation: Evidence from Compensation Peer
Citations, with Cicero and Mobbs, 2022, Journal of Financial and Quantitative Analysis (Financial Times
50 Journals, ABDC rank: A) Do Married CEOs Foster More Efficient Innovation?, with Cho, Mooney, Via, 2022, Review of Financial Economics (ABDC rank: B) R&D Investment Decisions in Business Groups: Evidence from a Natural Experiment, with Choi, Gam and Shin, 2021, Corporate Governance: An International Review (ABDC rank: A) Corporate Fraud under Pyramidal Ownership Structure: Evidence from a Regulatory Reform, with Gam and Shin, 2020, Emerging Markets Review (ABDC rank: A) RESEARCH – Resubmission Articles A CEO’s Childhood Experience of Natural Disaster and Corporate Social Responsibility, with Shin and Kim, 2022, Journal of Business Ethics (Financial Times 50 Journals, ABDC rank: A)
Academy of Marketing Science Annual Conference (AMS), 2022
Managerial Risk-Taking Incentives and Debt Diversity: Evidence from FAS 123R, with Lee and Yi, 2022,
Quarterly Review of Economics and Finance (ABDC rank: B)
Financial Markets and Corporate Governance (FMCG), 2021
Should I Stay or Should I Go: An Examination of CEO Tenure and Outside Employment Opportunities,
with Kim, Lord, and Yang, 2022, British Journal of Management (ABDC rank: A*)
Southwestern Finance Association (SWFA), 2022 / Financial Management Association (FMA), 2021 / Southern
Finance Association (SFA), 2019 / Midwest Finance Association (MFA), 2018 / Eastern Finance Association
(EFA), 2018 / Conbuk National University, 2019 / Korea Advanced Institute of Science and Technology 2019
Environmental Reputation and Bank Liquidity under Climate Change Risk, with Gam and Shin, 2022,
Journal of Business Finance and Accounting (ABDC rank: A*)
Boca Corporate Finance and Governance Conference (BOCA), 2021 / University of Glasgow ASBS COP26 ESG
and Climate Finance Conference, 2021 / CEFGroup Climate Finance Symposium, 2021 / Irish Academy of
Finance Seminar, (IAFS), 2021 / New Zealand Finance Meeting (NZFM), 2021 / Financial Markets and Corporate
Governance Conference (FMCG), 2021 / Vietnam Symposium in Bank and Finance (VSBF), 2021 / Xian Jiaotong
Liverpool University Seminar 2021 / Australasian Finance and Banking Conference (AFBC), 2021 / Southwestern
University of Finance and Economics, 2020
The Mitigation of Reputational Risk via Responsive CSR: Evidence from Securities Class Action Lawsuits,
with Cook, Via, and Zhang, 2022, Journal of Banking and Finance (ABDC rank: A*)
China International Conference in Finance (CICF), China, 2022 / Accounting and Finance Association of
Australia and New Zealand annual meeting (AFAANZ), 2022 / Asian Finance Association annual meeting
(AsianFA), 2022 / Financial Markets and Corporate Governance conference 2022 / KAFA-KFAs Joint
Conference, Korea, 2018 (Top 6 papers selected by Korea America Finance Association – $1,000 award) / New
Zealand Finance Meeting / Financial Management Association, 2018 / Midwest Finance Association 2018 /
Eastern Finance Association 2018 / Southern Finance Association 2017 / Korea Advanced Institute of Science and
Technology 2018 / Featured at Business Law Prof Blog
Under Review Articles
Analyst Effects on Intangible Investment: Evidence from Corporate Political Investments, with Cook, Hong,
and Via, 2022
CeFARR Analyst Research Conference, London, UK 2022 / Joint Conference with the Allied Korea Finance
Associations, Seoul, Korea, 2022 (Best Paper Award) /China International Conference in Finance (CICF),
Guangzhou, China, 2019 / KAFA-KFAs Joint Conference 2019 / Dayton Summer Finance Workshop 2019 /
Financial Management Association (FMA), 2018 / Southern Finance Association (SFA), 2018 / SUNY
Binghamton 2019 / Korea Advanced Institute of Science and Technology 2019 / John Carroll University 2018 /
Cleveland State University 2018 / Mississippi State University 2018
The Effect of ESG-Motivated CEO Turnover on Firm Financial Risk, with Gam, Kang, and Shin, 2022
Conference on Empirical Legal Studies (CELS), 2022 / KAEA-KIF-KAFA joint symposium, Seoul, Korea, 2022 (3
papers from KAFA, $900 award) / Asia-Pacific Association of Derivatives (APAD), Busan, Korea, 2022 / Joint
Conference with the Allied Korea Finance Associations, Seoul, Korea, 2022 / International Risk Management
Conference (IRMC), 2022 / Financial Economics Meeting (FEM), 2022 / Research Symposium on Finance and
Economics (RSFE), 2022 / SKKU International Conference: Trends in Digital Economy and Finance, 2022 /
Asian Finance Association annual meeting (AsianFA), 2022 / Financial Markets and Corporate Governance
conference (FMCG), 2022 / Vietnam Symposium in Banking and Finance (VSBF), 2021
General Managerial Skills, Tolerance for Failure, and Stock Price Crash Risk, with Yi and Ngo, 2022
Financial Management Association (FMA), 2020 / FMA Asia/Pacific Conference, Vietnam 2019 / European
Financial Management Association (EFMA), 2020 / Annual Conference of the Asia-Pacific Association of
Derivatives (APAD), Korea, 2019 / Asian Financial Management (AsianFA), Vietnam 2019 / Southern Finance
Association (SFA), 2019 / Southwestern Finance Association (SWFA), 2019 / Korea Advanced Institute of Science
and Technology, 2019 / Ulsan National Institute of Science and Technology, 2018 / Kyung Hee University, 2018
Institutional Owner Risk Management After a Crisis: The Use of Responsive CSR, with Via, 2022
Working Paper
Investor Relations Executives in the Top Management Team, with Mobbs, 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, 2019 (Top 6
papers selected by Korea America Finance Association – $1,000 award) / Financial Management Association
2020 / Nothern Kentucky University, 2021 / Texas Womens University, 2021 / Korea Advanced Institute of Science
and Technology 2019 / Ulsan National Institute of Science and Technology 2019 / Louisiana State University,
Shreveport 2019 / University of Alabama 2017
Married CEOs and the “S” in ESG Management with Cho, Mooney, 2022
Australasian Finance and Banking Conference (AFBC), 2022 / Vietnam Symposium in Banking and Finance
(VSBF), 2022 / Southern Finance Association (SFA), 2022 / Europeand 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
The Value Implication of CEO Handover, with Kim and Park, 2022
Internal Corporate Communication: Age Gap between CEOs and CFOs, with Marc Via and Weiwei Zhang,
2022
Vietnam Symposium in Banking and Finance(VSBF), 2021 / Financial Management Association Annual Meeting
(FMA), New Orleans, 2019
Stock Price Crash Risk: An Analysis of Intra-Firm and Industry Tournament Incentives, with Hachin Yi,
2022
Multinational Finance Society / Gdańsk University of Technology
Teaching Experience
University of Washington Bothell
Louisiana State University in Shreveport
Teaching Award
Educator Impact Award, College of Business, 2019
Instructor
Financial Management, 2017 – 2020
Class Size (Fall 2020 – Online): 36, Mean Evaluation: 4.4 out of 5.0
Class Size (Fall 2019 – Online): 12, Mean Evaluation: 4.9 out of 5.0
Class Size (Spring 2019): 36, Mean Evaluation: 4.4 out of 5.0
Class Size (Spring 2019): 30, Mean Evaluation: 4.8 out of 5.0
Class Size (Spring 2019 – Online): 19, Mean Evaluation: 4.3 out of 5.0
Class Size (Fall 2018): 18, Mean Evaluation: 4.2 out of 5.0
Class Size (Spring 2018 – Section 1 & 2): 33, Mean Evaluation: 4.7 out of 5.0
Class Size (Fall 2017 – Section 1 & 2): 39, Mean Evaluation: 4.6 out of 5.0
Investments, 2019 – 2022
Class Size (Spring 2022 – Online): 22, Mean Evaluation: 4.3 out of 5.0
Class Size (Fall 2021): 8, Mean Evaluation: 4.4 out of 5.0
Class Size (Fall 2020): 20, Mean Evaluation: 4.0 out of 5.0
Class Size (Fall 2019 – Online): 17, Mean Evaluation: 4.9 out of 5.0
Global Financial Markets (MBA – Online, 7-Week), 2017 – 2021
Class Size (Spring 2022): 124, Mean Evaluation: 4.5 out of 5.0
Class Size (Fall 2021): 142, Mean Evaluation: 4.7 out of 5.0
Class Size (Summer 2021): 138, Mean Evaluation: 4.7 out of 5.0
Class Size (Fall 2020): 141, Mean Evaluation: 4.6 out of 5.0
Class Size (Summer 2020): 146, Mean Evaluation: 4.6 out of 5.0
Class Size (Fall 2019): 121, Mean Evaluation: 4.6 out of 5.0
Class Size (Summer 2019): 130, Mean Evaluation: 4.6 out of 5.0
Class Size (Fall 2018): 160, Mean Evaluation: 4.3 out of 5.0
Class Size (Summer 2018): 105, Mean Evaluation: 4.6 out of 5.0
Class Size (Fall 2017): 120, Mean Evaluation: 4.5 out of 5.0
Corporate Finance (MBA – Online, 7-Week), 2018 – 2021
Class Size (Summer 2022): 115, Mean Evaluation: 4.4 out of 5.0
Class Size (Fall 2021): 172, Mean Evaluation: 4.5 out of 5.0
Class Size (Summer 2021): 172, Mean Evaluation: 4.3 out of 5.0
Class Size (Spring 2021-2): 220, Mean Evaluation: 4.6 out of 5.0
Class Size (Spring 2021-1): 176, Mean Evaluation: 4.4 out of 5.0
Class Size (Summer 2020): 172, Mean Evaluation: 4.0 out of 5.0
Class Size (Spring 2020-2): 177, Mean Evaluation: 4.2 out of 5.0
Class Size (Spring 2020-1): 180, Mean Evaluation: 4.5 out of 5.0
Class Size (Fall 2019): 190, Mean Evaluation: 4.5 out of 5.0
Class Size (Summer 2019): 175, Mean Evaluation: 4.5 out of 5.0
Class Size (Spring 2019 – Section 1 & 2): 290, Mean Evaluation: 4.3 out of 5.0
Class Size (Fall 2018): 148, Mean Evaluation: 4.5 out of 5.0
Microeconomics (Online), 2018
Class Size: 65, Mean Evaluation: 4.6 out of 5.0
Financial Regression Analysis, 2018 – 4 sessions
Class Size: 19
Financial Analytics, Course Development Committee, Member, 2018-2019
University of Alabama
Instructor
Intermediate Financial Management, Summer 2017
Class Size: 20, Mean Evaluation: 4.8 out of 5.0
Financial Markets and Institutions, Spring 2016
Class Size: 109, Mean Evaluation: 4.5 out of 5.0
Business Finance, Fall 2015
Class Size: 48, Mean Evaluation: 4.0 out of 5.0
Honors and Awards
Best Paper Award, Joint Conference with the Allied Korea Finance Associations, Seoul, Korea, 2022
KAFA-KIF-KAEA Symposium Award, Korea, 2022
LSUS Faculty Research and Development Grant, Louisiana State University Shreveport, 2017- 2022
KAFA-KFAs Joint Conference Award, Korea America Finance Association, 2018, 2019
Impact Award, Louisiana State University Shreveport, 2019
Distinguished Korean Journalist Fellowship, Shin Yong-Ho Memorial Society in UA, 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 School Research and Travel Grant, University of Alabama, 2014 – 2016
Graduate Council Fellowship, University of Alabama, 2012-2013
Beta Gamma Sigma, University of Alabama, 2010
Research and Work Experience
Program Committee: SFA (2022) / FMA Asia/Pacific (2022) / FMA Global Conference (2022)
Advisor for the Business Student Research Forum, Louisiana State University, Shreveport, 2018
Research Assistant for Professor Shawn Mobbs, University of Alabama, 2015 – 2016
International Affairs Office, Chonbuk National University, South Korea, 2008 – 2009
Public Interest Service Personnel, Jeonju District Court, South Korea, 2002 – 2005
Other Activities
M3 Golf Club, Shreveport, 2018 – 2021
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