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Sehoon Kim - University of Florida. Gainesville, FL, US

Sehoon Kim Sehoon Kim

Assistant Professor | University of Florida

Gainesville, FL, UNITED STATES

Sehoon Kim researches corporate finance and financial markets.


Sehoon Kim is an assistant professor of finance in the Warrington College of Business. Sehoon researches corporate finance and financial markets and teaches Financial Management at the University of Florida.

Areas of Expertise (6)


Corporate Finance

Corporate Governance

Financial Markets

Public Policy


Media Appearances (3)

Real Effects of Climate Policy: Financial Constraints and Spillovers

CATO Institute  online


Climate change is among the most intensely debated socioeconomic issues of current times. As a response to potential catastrophic risks from climate change, governments around the world are pushing for various regulations to curb greenhouse gas emissions.

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Tackling climate change requires global policies

VoxEU  online


How effective are climate change policies, and what are the important considerations to ensure they are effective? This column shows that firms respond to climate change policies with regulatory arbitrage so that localised policies aimed at mitigating climate risk can have unintended consequences.

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Global warming, local policies

PRI  online


In response to mounting concerns of climate change risk, governments around the world are pushing for regulations to curb greenhouse gas emissions in various forms and with varying intensity.

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Articles (3)

ESG Lending


Sehoon Kim, et. al


This paper examines the environmental, social and governance (ESG) loan market, which has grown from $6 billion in 2016 to $322 billion in 2021. This growth is driven primarily by ESG-linked loans where loan spreads are contingent on borrower ESG performance, as well as by use-of-proceeds based green loans issued for specific green projects. ESG-linked loans are mostly issued by large and publicly traded firms with superior ESG profiles.

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Real effects of climate policy: Financial constraints and spillovers

Journal of Financial Economics

Söhnke M. Bartram, et.al


We document that localized policies aimed at mitigating climate risk can have unintended consequences due to regulatory arbitrage by firms. Using a difference-in-differences framework to study the impact of the California cap-and-trade program with U.S. plant-level data, we show that financially constrained firms shift emissions and output from California to other states where they have similar plants that are underutilized. By contrast, unconstrained firms do not make such adjustments.

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Sustainability Preferences Under Stress: Evidence from Mutual Fund Flows During COVID-19


Robin Döttling, et. al


We document fragile demand for socially responsible investments (SRI) by retail mutual fund investors. Using COVID-19 as an economic shock, we show funds with higher sustainability ratings experienced sharper declines in retail flows during the pandemic, controlling for fund characteristics.

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Languages (1)

  • English