Sehoon Kim 
Assistant Professor | University of Florida
Gainesville, FL, UNITED STATES
Sehoon Kim researches corporate finance and financial markets.
Biography
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)
Competition
Corporate Finance
Corporate Governance
Financial Markets
Public Policy
Sustainability
Media Appearances (3)
Real Effects of Climate Policy: Financial Constraints and Spillovers
CATO Institute online
2022-04-20
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.
Tackling climate change requires global policies
VoxEU online
2021-05-03
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.
Global warming, local policies
PRI online
2020-04-09
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.
Articles (3)
ESG Lending
SSRNSehoon Kim, et. al
2022-03-28
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.
Real effects of climate policy: Financial constraints and spillovers
Journal of Financial EconomicsSöhnke M. Bartram, et.al
2022-01-12
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.
Sustainability Preferences Under Stress: Evidence from Mutual Fund Flows During COVID-19
SSRNRobin Döttling, et. al
2020-07-21
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
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