Corporate Finance / Sustainable Finance

Office 5.41

Yuna Heo

Prof. Dr. Yuna Heo

Professorin (Corporate Finance)


WWZ /Wirtschaftswissenschaftliche Fakultät
Professur Corporate Finance
Peter Merian-Weg 6
4002 Basel

Yuna Heo

My research interests are primarily in the areas of banking, corporate finance, financial institutions, and climate finance. My research is mostly empirical, and closely connected to economic and finance theory. I often seek to disentangle competing theories using observational empirical data. My research projects can be categorized into three groups. The first category of research studies financial institutions and its interaction in financial market. The second category focuses on climate finance. The third category of research invetigates factors affecting corporate sustainability. For each project, I carefully investigate the background mechanism, examine the main prediction using empirical data, and derive the novel contribution. Besides my research, I have taught various classes such as Corporate Finance, Financial Management, Derivative Securities, Options and Futures, Financial Institutions, and Sustainable Finance. 


Selected Working Papers

"Cyber Risk and Bank Fragility"  
(Presentations: 2024 FMA European Conference)

"Climate Change and Bank Default" 
(Presentations: 2024 Adam Smith Sustainability Conference & 2nd Annual Conference of the British Accounting Review)

"Labor Mobility, Climate Disasters, and Corporate Cash Reserve"

"Climate Change Exposure and Firm Cash Holdings"  
(Presentations: 2023 ICGS (International Corporate Governance Society) conference, University of Basel)

"Climate Change and Corporate Investment Decisions" 
(Presentations: 2023 ICGS (International Corporate Governance Society) conference, 2023 World Finance Conference, University of Basel)

"The Impact of Bank Herding on Systemic Risk" 
(Presentations: Yonsei University, Rutgers University)

"Happiness and Innovation around the World" with Fangfang Hou and Seongkyu “Gilbert” Park 
(Presentations: 2022 Greater China Area Finance Conference, 2022 Asian FA, 2021 APAD, 2018 ICAFEL, 2018 Asian Meeting of the Econometric Society, 2018 FMA European Conference, 2018 Midwest Economic Association, 2017 Asiatic Research Institute)

"Inflation, Heterogeneous Beliefs, and Mispricing" 
(Presentations: 2023 SFiC (Sustainable Financial Innovation Centre) conference, 2017 World Finance Conference, 2015 Hong Kong Joint Finance Research Workshop, 2015 Financial Management Association Annual Meeting, 2015 PBFEAM, Rutgers University, Hong Kong Polytechnic University, Chinese University of Hong Kong, University of Sydney, Rensselaer Polytechnic Institute, Hitotsubashi University, International University of Japan) 



"Climate Change, Bank Fragility, and Systemic Risk" Review of Corporate Finance, 4, 2024, 127-150. 
(Presentations: 2023 Dolomites Summer Finance, 2023 Risklab/Bank of Finland/ESRB Conference on Systemic Risk Analytics, University of Basel)

"Political Corruption, Dodd-Frank Whistleblowing, and Corporate Investment" with Qingjie Du, Journal of Corporate Finance, 73, April 2022, 102145. 
(Presentations: 2020 FMA European Conference, 2019 CAFM, 2019 Australasian Finance and Banking Conference, 2019 FMA Asia-Elevator Pitch) 

"Does Corruption Grease or Sand the Wheels of Investment or Innovation? Different Effects in Advanced and Emerging Economies" with Fangfang Hou and Seongkyu “Gilbert” Park, Applied Economics, 53, 2021, 35-60. 
(Presentations: 2019 Midwest Finance Association Meeting, 2018 Financial Management Association Annual Meeting, 2018 CAFM)