Dr. Heo is Assistant Professor of Corporate Finance. Her research interests can be divided into three main areas. First, she studies market anomalies and their interaction in the financial market. In a second strand of her research, Dr. Heo investigates factors affecting corporate innovation and corporate sustainability. A third focus is on the financing of climate change mitigation projects. She is strengthening the “Money & Finance” and “Energy & Environment” focal areas at the Faculty of Business and Economics.

Dr. Yuna Heo studied finance at Ewha Womans University and management engineering at the Korea Advanced Institute of Science and Technology in South Korea. She completed a doctorate in finance at Rutgers University, where she received her PhD in 2015. She then became assistant professor of finance at the Hong Kong Polytechnic University from 2015 to 2019. From 2020 to 2022, she worked on a variety of research projects, some in collaboration with researchers at Rutgers University.

Selected Working Papers
 

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

"Climate Change and Bank Default" 

"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 Adaptation 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)

"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) 

"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)

"The Impact of Corruption on Advertising Spending in U.S. Firms" with Chiquan Guo, Levent Kutlu, and Steve Lovett

Publications

"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)