Howard Kung

Dr. Howard Kung conducts research at the intersection of asset pricing and macroeconomics. His recent research studies how firms’ innovation decisions impact economic growth and asset markets, how changes in uncertainty affect firm investment decisions, and how restructuring the maturity structure of government debt can stimulate the economy.

Dr. Kung was an Assistant Professor of Finance at the University of British Columbia prior to joining London Business School in 2014. He completed his PhD at Duke University and prior to his doctorate, he studied at the University of Virginia.

Publications

• “Competition, Markups, and Predictable Returns” (with A. Corhay and L. Schmid). Review of Financial Studies, May 2020.
• “The CAPM Strikes Back? An Equilibrium Model with Disasters” (with H. Bai, K. Hou, E. Li, and L. Zhang). Journal of Financial Economics, Volume 131, Issue 2, February 2019
• “Growth Slowdowns and Recoveries” (with F. Bianchi and G. Morales). Journal of Monetary Economics, Volume 101, January 2019
• “How Uncertainty Affects Corporate Investment: The Asset Redeployability Channel” (with H. Kim). Review of Financial Studies, January 2017
• Award for Best paper in Corporate Finance at the 2014 SFS Cavalcade
• “Macroeconomic Linkages between Monetary Policy and the Term Structure of Interest Rates”. Journal of Financial Economics, January 2015
• ‘Innovation, Growth and Asset Prices” (with L. Schmid). Journal of Finance, June 2015
• “Fiscal Policies and Asset Prices” (with M. Croce, T. Nguyen and L. Schmid) Review of Financial Studies, September 2012 (lead article).