Kwang Soo Cheong

Kwang Soo Cheong, PhD

Associate Professor of Practice
Academic AreaFinance
Academic AreaEconomics
Areas of InterestCorporate Finance, Investments, Econometrics, Managerial Economics, Quantitative Methods in Finance

Kwang Soo Cheong, PhD (Economics, Stanford University) joined the Johns Hopkins Carey Business School in 2001. He has diverse research and teaching interests, and has published in the fields of Corporate Finance, Industrial Organization, Public Economics, and Income Distribution. Previously he taught at Stanford University and the University of Hawaii. As a consultant to IMF, he has taught finance training courses in Singapore, South Africa, and Washington DC.


  • Ph. D, Economics, Stanford University
  • MA, Economics, Seoul National University
  • BA, Economics, Seoul National University


Selected publications

  • Cheong, K. S., & Judd, K. (forthcoming). Mergers and dynamic oligopoly. Journal of Economic Dynamics and Control.
  • Cheong, K. S., Choo, K. & Lee, K. (2010). Understanding the behavior of business groups: A Dynamic model and empirical investigation. Journal of Economic Behavior & Organization (76), 141-152.
  • Cheong, K. S., & Shrestha, R. (2007) A hypothetical Nash equilibrium and an improved algorithm for identifying free riders. FinanzArchiv/Public Finance Analysis, 63(2), 278-284.
  • Cheong, K. S. (2006). Distributional effects of personal income taxation in Korea. In D. Papadimitriou (ed.), The distributional effects of government spending and taxation. New York: Palgrave.
  • Cheong, K. S. (2001). Economic crisis and income inequality in Korea. Asian Economic Journal, 15(1), 39-60.
  • Cheong, K. S. (1998). Corporate income taxation and signaling. Public Finance Review, 26(5), 480-502.

Working papers

  • Financial crisis and stock return distribution.
  • Capital structure signaling.
  • Occupational choice and profit-taxation.
  • Dynamic Stackelberg competition (with Kenneth Judd).
  • Risk-return tradeoff: Korean stock market (with Hosung Jung).
  • Risk-return tradeoff: Chinese stock market (with Ziwei Zhao).
  • Optimal unemployment insurance (with Chul-In Lee)
  • Business diversification: an agent-based model (with Keun Lee & Minho Yoon)



  • Corporate Finance
  • Econometrics for Finance
  • Economics for Decision Making
  • Investments

Honors and distinctions

  • Editor of the New Economics Papers (Financial Markets, Industrial Organization, Public Finance)
  • Associate Editor of the International Economic Journal
  • Board Member of International Council on Korean Studies