Faculty Candidate Seminar was held in Lee Minhwa Hall at 2p.m. Dong Hyun Kim got his doctorate from University of Texas at Austin (Finance), and his topic was “A behavioral model for mutual fund dynamics: structural estimation approach”.

He explained mutual fund dynamics by applying negative aggregate return, short-term return persistence and convex return-flow relationship. His research expanded Berk and Green’s 2004 model.

The seminar took about one hour, and seats were almost filled with people. Many professors and graduate students spent their time discussing and answering questions.