Won Yong Kim

Associate Professor

CB 315

Won Yong Kim came to Augsburg as an Assistant Professor of Business Administration in 2016. He is teaching Financial Management and Investment Theory to undergraduate, and International Finance and Managerial Finance to MBA students. He has taught various finance courses including Introduction to Finance, Investment, Corporate Finance, Empirical Finance, etc. at Drexel University and Dickinson College in Pennsylvania before coming to Augsburg.

His research interest is mainly corporate finance, but not limited to traditional financial issues. He published his papers in internationally reputed journals on corporate governance issues including executive compensation and board of directors. He is also working on various topics in finance such as international finance, corporate social responsibility, environmental issues in finance, microfinance institutions, sports finance, and church finance. He reviews several articles as a referee for journal publications including Managerial Finance, Asia-Pacific Journal of Financial Studies, and International Review of Economics and Finance. He supervised several undergraduate researches and produced some publishable quality outcomes. He is a member of Financial Management Association, Korea-America Finance Association, and Minnesota Economics Association. He is a secretary general of Korea-America Finance Association since 2021 and is a treasurer of Minnesota Economics Association.


  • B.A. in History, Yonsei University, Seoul, Korea
  • M.A. in Area Studies (China), Yonsei University, Seoul, Korea
  • MBA in Global Finance, Thunderbird School of Global Management, Glendale, AZ, USA
  • Ph.D. in Business Administration (Finance), Drexel University, Philadelphia, PA, USA


  • "Valuation and Financial Issues Selling an Italian Restaurant" with George Dierberger, Cory Erickson, and Jacob Enger (Augsburg University), 2023, SAGE Business Cases, forthcoming.
  • “The Changing Dynamics of Board Independence: A Copula Based Quantile Regression Approach” with Jong-Min Kim (University of Minnesota – Morris), Chulhee Jun (Bloomsburg University of Pennsylvania), and Chanho Cho (Black Hills State University), 2020, Journal of Risk and Financial Management 13 – 11.
  • "Environmental Performance and CEO Incentive Structure" with Taek-yul Kim (West Chester University of Pennsylvania) and Suin Lee (University of Texas – Rio Grande Valley), 2020, The International Journal of Sustainability in Economic, Social, and Cultural Context 16 – 2, 1-14
  • "Do lucky CEOs avoid innovation?", with KwangJoo Koo (Pennsylvania State University – Erie), 2019, Applied Economics Letters 26 – 10, 795 – 798.
  • “Boards of directors: a literature review”, with Jacqueline L. Garner (Georgia Institute of Technology) and Taek-yul Kim (West Chest University of Pennsylvania), 2017, Managerial Finance 43 – 10, 1189-1198.
  • “Are Foreign Investors Really Beneficial? Evidence from South Korea” with Jacqueline L. Garner (Georgia Institute of Technology), 2013, Pacific Basin Finance Journal 25, 62 – 84.
  • “Has International Capital Mobility Increased in Asia? Evidence from the Post-crisis Period” with Bang Nam Jeon (Drexel University), 2013, Contemporary Economic Policy 31 – 2, 345 – 365.