Mendoza Directory

Faculty & Research

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Hayong Yun

Assistant Professor


Hayong Yun is an Assistant Professor of Finance at the University of Notre Dame. His expertise is in corporate governance, corporate finance, law and economics, bankruptcy, and contract theory. He teaches Corporate Governance. Yun won the JP Morgan 2008 Young Researcher Prize from the Review of Financial Studies for his research paper, “The Choice of Corporate Liquidity and Corporate Governance.” His articles appeared in the Review of Financial Studies and the Journal of Law, Economics, and Organization.

Among Yun’s affiliations are memberships in the American Finance Association, the American Economic Association, and the Western Finance Association. Prior to joining the faculty at the Mendoza College of Business, Yun worked as a manager/senior engineer for Samsung Electronics.




  • Economic Incentives in Contracts
  • Financial Contracts and Investor Protection
  • Corporate Governance



"Are Mutual Funds Sitting Ducks?" (with Sophie A Shive, ), To appear in Journal of Financial Economics.

"Risk Management and Firm Value: Evidence from Weather Derivatives," (with Francisco Pérez-González, ), To appear in Journal of Finance.

"Negative Hedging: Performance Sensitive Debt and CEOs' Equity Incentives," (with Alexei Tchistyi, David Yermack, ),  Journal of Financial and Quantitative Analysis, 46, July (3rd Quarter/Summer)7, 2011, 657-686.

"Matching Bankruptcy Laws to Legal Environments," (with Kenneth M. Ayotte),  Journal of Law, Economics and Organization, 25, April (2nd Quarter/Spring), 2009, 2-30.

"The Choice of Corporate Liquidity and Corporate Governance (Winner of 2008 RFS Young Researcher Prize),"  Review of Financial Studies, 22, April (2nd Quarter/Spring)1, 2009, 1447-1475.


Hayong Yun, SFS Cavalcade, Society of Financial Studies, Darden School of Business, University of Virginia, "Liquidity Backstop, Corporate Borrowings, and Real Effects," (May24, 2012).

Hayong Yun, Texas Finance Festival, Review of Financial Studies, Horseshoe Bay, Texas, "Risk Management and Firm Value: Evidence from Weather Derivatives," (April 2011).

Hayong Yun, Pengjie Gao, 2010 Western Finance Association Annual Meetng, Western Finance Association , Victoria, Canada, "Commercial Paper, Lines of Credit, and the Real Effects of the Financial Crisis of 2008:Firm-Level Evidence from the Manufacturing Industry," (June 2010).

Hayong Yun, 2010 American Finance Association Annual Meeting, American Finance Association , Atlanta, Georgia, "The Real Effects of Derivative Markets: Evidence from Electric Utilities ," (January 2010).


Zhi Da, "Electricity Consumption and Asset Prices."

Zhi Da, Wei Yang, "Household Production, Electricity Usage, and Asset Prices."