Faculty/Staff

Jung Chul Park

Jung Chul Park

Associate Professor
jpark5@usf.edu
Office: BSN 3107
Phone: 813-974-9680
Vita

Jung Chul Park is an associate professor of finance and the Bank of America Professor of Finance. He serves as the associate director of the Kate Tiedemann School of Business and Finance, which is one of six schools in the USF Muma College of Business. He also serves as the director of the Master of Science in Finance program.

He teaches theory of finance to doctoral and master’s students. Prior to joining the faculty at USF, he taught at Auburn University and Louisiana Tech University.

Park's research interests are in corporate finance, investments, international finance, and the interaction of finance and politics. His work has been published in numerous articles in prestigious academic journals such as the Journal of Financial Economics, Strategic Management Journal, Journal of Business Ethics, and Journal of Corporate Finance, which have received more than 2,300 citations on Google Scholar.

He received the Shinhan Bank & KAFA Young Scholar Award, the Top-Journal Paper Award, and the Best Paper Award from the Korea America Finance Association, the Best Paper Award from the Asia-Pacific Journal of Financial Studies, and the STOXX Best Paper Research Award at the European Financial Management Association Meeting. He is also the recipient of numerous research awards from USF, Auburn University and Louisiana Tech University.

Park earned a PhD in finance from USF in 2007 and an MBA with a concentration in finance from Binghamton University in 2003.

Teaching

  • FIN6804 – Theory of Finance (Doctoral, Master)

  • FIN3604 – International Finance (Undergraduate, Global Citizens Course)

Research

  • "A Cognitive Perspective of Real Options Investment: CEO Overconfidence," with Joon Mahn Lee and Guoli Chen, Strategic Management Journal, Forthcoming.

  • "A Dilemma of Self-Interest vs. Ethical Responsibilities in Political Insider Trading,” with Jan Hanousek Jr., Hoje Jo, and Christos Pantzalis, Journal of Business Ethics, Forthcoming.

  • "CEO Career Horizon, Corporate Governance, and Real Options: The Role of Economic Short-Termism," with Joon Mahn Lee and Timothy B. Folta, (2018), Strategic Management Journal, 39(10): 2703-2725.

  • "Multinationality and Opaqueness" with Tom Aabo and Christos Pantzalis, (2015), Journal of Corporate Finance, 30: 65-84.

  • "Political Geography and Stock Returns: The Value and Risk Implications of Proximity to Political Power," with Chansog Kim and Christos Pantzalis, (2012), Journal of Financial Economics, 106(1): 196-228.

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  • "Large Sample Evidence on Tipping Rates in the Restaurant Industry: A Comprehensive Study," with Faizan Ali, Christopher C. Olson, Christos Pantzalis, and Jong Chool Park, International Journal of Hospitality Management, Forthcoming.

  • "So Far Away from Me: Firm Location and the Managerial Ownership Effect on Firm Value," with Bradley W. Benson, Yu Chen, and Hui L. James, (2020), Journal of Corporate Finance, 64: 101658.

  • “Know Thy Neighbor: Political Uncertainty and the Informational Advantage of Local Institutional Investors,” with Tom Aabo, Suin Lee, and Christos Pantzalis, (2020), Journal of Banking and Finance, 113: 105762.

  • "The Role of Corporate Political Strategies in M&As," with Croci Ettore, Christos Pantzalis, and Dimitris Petmezas, (2017), Journal of Corporate Finance, 43: 260-287.

  • “Idiosyncratic Volatility: An Indicator of Noise Trading?” with Tom Aabo and Christos Pantzalis, (2017), Journal of Banking and Finance, 75: 136-151.

  • “Multinationality as Real Option Facilitator – Illusion or Reality?” with Tom Aabo and Christos Pantzalis, (2016), Journal of Corporate Finance, 38: 1-17.

  • “Political Power, Economic Freedom and Congress: Effects on Bank Performance,” with Daniel M. Gropper and John S. Jahera Jr., (2015), Journal of Banking and Finance, 60: 76-92.

  • “Exuberance Out of Left Field: Do Sports Results Cause Investors to Take Their Eyes Off the Ball?” with Christos Pantzalis, (2014), Journal of Economic Behavior and Organization, 107: 760-780.

  • “Too Close for Comfort? Geographic Propinquity to Political Power and Stock Returns,” with Christos Pantzalis, (2014), Journal of Banking and Finance, 48: 57-78.

  • “Business in Troubled Waters: Does Adverse Attitude Affect Firm Value?” with Dipanwita Sarkar, Jayanta Sarkar, and Keven Yost, (2013), Journal of Corporate Finance, 22: 221-235.

  • “Does It Help to Have Friends in High Places? Bank Stock Performance and Congressional Committee Chairmanships,” with Daniel M. Gropper and John S. Jahera Jr., (2013), Journal of Banking and Finance, 37(6): 1986-1999.

  • “Consumption-Based CAPM Models: International Evidence,” with Ali F. Darrat and Bin Li, (2011), Journal of Banking and Finance, 35(8): 2148-2157.

  • “CEO Decision Horizon and Firm Performance: An Empirical Investigation,” with Murad Antia and Christos Pantzalis, (2010), Journal of Corporate Finance, 16(3): 288-301.

  • “Equity Market Valuation of Human Capital and Stock Returns,” with Christos Pantzalis, (2009), Journal of Banking and Finance, 33(9): 1610-1623.

  • “Corporate Use of Derivatives and Excess Value of Diversification,” with J. Barry Lin and Christos Pantzalis, (2007), Journal of Banking and Finance, 31(3): 889-913.

Service

  • Associate Director, Kate Tiedemann School of Business and Finance, 2020 – Present.

  • Director of MS Finance Program, USF Muma College of Business, 2019 – Present.

  • Associate Editor, Asia-Pacific Journal of Financial Studies, 2015 – Present.

  • Secretary General, Korea America Finance Association, 2017 – 2021.

  • Editorial Review Board, Journal of Business Research, 2016 – 2020.