Academic Profile

Byoung-Hyoun Hwang is an Associate Professor of Finance at the Nanyang Business School, NTU. Prior to joining NTU, he was an Associate Professor of Finance at the SC Johnson College of Business, Cornell University. Dr. Hwang teaches Equity Investing with Big Data to undergraduate students as well as Empirical Asset Pricing to Ph.D. students. Dr. Hwang’s research has been published in various academic journals in the fields of Finance and Strategy. It has also been described in media outlets such as the Wall Street Journal and Bloomberg. Dr. Hwang has given more than one hundred talks at academic institutions, research groups and conferences around the world. Dr. Hwang has advised government organizations, such as the U.S. Securities and Exchange Commission. He has also consulted for some of the major hedge funds in the U.S. and Europe.
Dr. Hwang received a Ph.D. in Finance from Emory University in 2009. He was born and grew up in Germany.
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Assoc Prof Byoung-Hyoun Hwang
Associate Professor, College of Business (Nanyang Business School) - Division of Banking & Finance

Behavioral Finance, Social Finance
  • Investor Conversations
  • Chen, H., & Hwang, B. H. Listening in on investors’ thoughts and conversations. Journal of Financial Economics, forthcoming.

  • Huang, S., Hwang, B. H., & Lou, D. (2021). The rate of communication. Journal of Financial Economics, 141(2), 533-550.

  • Huang, S., Hwang, B. H., Lou, D., & Yin, C. (2020). Offsetting disagreement and security prices. Management Science, 66(8), 3444-3465.

  • Hwang, B. H., Liberti, J. M., & Sturgess, J. (2019). Information sharing and spillovers: Evidence from financial analysts. Management Science, 65(8), 3624-3636.

  • Hwang, B. H., Liu, B., & Xu, W. (2019). Arbitrage involvement and security prices. Management Science, 65(6), 2858-2875.

  • Hwang, B. H., & Kim, H. H. (2017). It pays to write well. Journal of Financial Economics, 124(2), 373-394.

  • Lee, J. M., Hwang, B. H., & Chen, H. (2017). Are founder CEOs more overconfident than professional CEOs? Evidence from S&P 1500 companies. Strategic Management Journal, 38(3), 751-769.

  • Chen, H., De, P., Hu, Y. J., & Hwang, B. H. (2014). Wisdom of crowds: The value of stock opinions transmitted through social media. The Review of Financial Studies, 27(5), 1367-1403.

  • Green, T. C., & Hwang, B. H. (2012). Initial public offerings as lotteries: Skewness preference and first-day returns. Management Science, 58(2), 432-444.

  • Hwang, B. H. (2011). Country-specific sentiment and security prices. Journal of Financial Economics, 100(2), 382-401.

  • Hwang, B. H., & Kim, S. (2009). It pays to have friends. Journal of Financial Economics, 93(1), 138-158.

  • Green, T. C., & Hwang, B. H. (2009). Price-based return comovement. Journal of Financial Economics, 93(1), 37-50.