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Joonki Noh

Associate Professor
Department of Banking & Finance
Weatherhead School of Management

Joonki Noh, PhD, associate professor of banking and finance, joined Weatherhead School of Management in 2015 after obtaining his doctorate in finance from Emory University. Noh’s research interests are in the areas of empirical asset pricing, market microstructure, textual analysis, and machine learning. His Weatherhead courses include Investment Management and Financial Modeling in Big Data. He instructs undergraduates and also graduate students in the Master of Finance program.

Noh has presented at numerous universities including Emory University, Purdue University, Tulane University, University at Buffalo - SUNY, Virginia Tech, and Syracuse University. He has also presented at the annual meetings of American Finance Association (AFA), Northern Finance Association (NFA), Midwest Finance Association (MFA), Easter Finance Association (EFA), European Finance Association, and Financial Management Association (FMA).

Noh has received numerous academic awards, including the Shinhan Finance Investement Best Paper Award; Shinhan Bank and Korea America Finance Association (KAFA) Young Scholar Award; the Financial News & KAFA Top-Journal Paper Award; the Shinhan Bank and KAFA Scholarship; the George J. Benston Scholar Award, Goizueta Business School, Emory University; the Goizueta Fellowship, Goizueta Business School, Emory University; and Travel Grant, AFA.

Before becoming a financial economist, he was an electrical engineer having earned a PhD in electrical engineering from the University of Michigan, Ann Arbor.

Initially Appointed: 2015

Curriculum Vita

Education

PhD
Finance
Emory University
2015
PhD
Electrical Engineering
University of Michigan
2007
Master of Arts
University of Michigan
2007
Master of Science
University of Michigan
2005
Bachelor of Science
Seoul National University
2003

Teaching Information

Teaching Interests

  • Investment
  • Big Data
  • Empirical Asset Pricing
  • Econometrics

Course evaluation ratings (login required)

Courses Taught

  • Investment Management

Office Hours

By appointment only

Research Information

Research Interests

  • Empirical Asset Pricing
  • Market Microstructure
  • Textual Analysis
  • Machine Learning

Awards and Honors

  • Financial News & KAFA Top-Journal Paper Award
    2022
    Korea America Finance Association
  • Shinhan Finance Investment Best Paper Award
    2022
    Korean Securities Association
  • Shinhan Bank & KAFA Young Scholar Award
    2019
    Korea America Finance Association
  • Financial News & KAFA Top-Journal Paper Award
    2018
    Korea America Finance Association
  • Research Grant
    2017
    U.S. Department of Energy
  • Travel Award for PhD Students in Economics
    2015
    Korea America Economic Association
  • Shinhan Bank & KAFA Scholarship
    2014
    Korea America Finance Association
  • George J. Benston Scholar Award
    2014
    Goizueta Business School, Emory University
  • Goizueta Fellowship,
    2014
    Goizueta Business School, Emory University
  • American Finance Association Travel Grant
    2013
    American Finance Association
  • Distinguished Academic Achievement Award
    2008
    College of Engineering, University of Michigan
  • Outstanding Graduate Student Instructor Award
    2008
    College of Engineering, University of Michigan

External Appointments

  • Untenured Observer, Appointment Committee, 2019 - 2020
  • Editor, Associate Editor, Asia-Pacific Association of Derivatives, 2019 - 2021
  • Reviewer, Conference Paper, Eastern Finance Association, 2019 - 2021
  • The seminar organizer, BAFI Department Research Seminar Series, 2018 - 2019
  • The seminar organizer, BAFI Department Research Seminar Series, 2017 - 2018
  • Committee Member, New Faculty Recruitment Committee, 2017
  • The seminar organizer, BAFI Department Research Seminar Series, 2016 - 2017
  • Committee Member, New Faculty Recruitment Committee, 2016
     

Publications

  • Noh, J. , Zhou, D. (2022).
    Executives' Blaming External Factors and Market Reactions: Evidence from Earnings Conference Calls  (vol. 134: 106358)  Journal of Banking and Finance
  • Amihud, Y. , Noh, J. (2021).
    The Pricing of the Illiquidity Factor's Conditional Risk with Time-varying Premium (vol. 56: 100605)  Journal of Financial Markets
  • Amihud, Y. , Noh, J. (2021).
    Illiquidity and Stock Returns II: Cross-section and Time-series Effects  (vol. 34, issue 4, pp. 2101-2123)  Review of Financial Studies
  • Jegadeesh, N. , Noh, J. , Pukthuanthong, K. , Roll, R. , Wang, J. (2019).
    Empirical Tests of Asset Pricing Models with Individual Assets: Resolving the Errors-in-variables Bias in Risk Premium Estimation (vol. 133, issue 2, pp. 273-298)  Journal of Financial Economics

Presentations

  • Noh, J. (Presenter & Author)  AFA Annual Meeting, "Speculative and Informative: Lessons from Market Reactions to Speculation Cues", American Finance Association, Virtual. (2022).
  • Noh, J. (Presenter & Author)  Conference on Asia-pacific Financial Markets, "Executives’ Blaming External Factors and Market Reactions: Evidence from Earnings Conference Calls", Korean Securities Association, Virtual. (2021).
  • Noh, J. (Presenter & Author)  Global AI Finance Research Conference, "Executives’ Blaming External Factors and Market Reactions: Evidence from Earnings Conference Calls", Korean Securities Association, Virtual. (2021).
  • Noh, J. (Presenter & Author)  FMA Annual Meeting, "Executives’ Blaming External Factors and Market Reactions: Evidence from Earnings Conference Calls", Financial Management Association, Virtual. (2021).
  • Noh, J. (Presenter & Author)  APAD Annual Meeting, "Executives’ Blaming External Factors and Market Reactions: Evidence from Earnings Conference Calls", Asian-pacific Association of Derivatives, Virtual. (2021).
  • Noh, J. (Presenter & Author)  EFA Annual Meeting, "Imprecise and Informative: Lessons from Market Reactions to Imprecise Disclosure", Eastern Finance Association, Virtual. (2021).
  • Noh, J. (Presenter & Author)  Conference on Asia-Pacific Financial Markets, "Imprecise and Informative: Lessons from Market Reactions to Imprecise Disclosure ", Korean Securities Association, Virtual . (2020).
  • Noh, J. (Presenter & Author)  NBER Big Data and Securities Markets Conference, "Imprecise and Informative: Lessons from Market Reactions to Imprecise Disclosure ", National Bureau of Economic Research, Virtual. (2020).
  • Noh, J. (Presenter & Author)  NFA Annual Meeting, "Imprecise and Informative: Lessons from Market Reactions to Imprecise Disclosure ", Northern Finance Association, Virtual. (2020).
  • Noh, J. (Presenter & Author)  AFA Annual Meeting, "The Pricing of the Illiquidity Factor’s Conditional Risk with Time-varying Premium", American Finance Association, San Diego. (2020).
  • Noh, J. (Presenter & Author)  Conference on Asia-Pacific Financial Markets, "The Pricing of the Illiquidity Factor’s Conditional Risk with Time-varying Premium", Korean Securities Association, Seoul, Korea. (2019).
  • Noh, J. (Presenter & Author)  FMA Annual Meeting, "Illiquidity and Stock Returns – II: Cross-Section and Time-Series Effects", Finance Management Association, New Orleans. (2019).
  • Noh, J. (Presenter & Author)  APAD Annual Meeting, "The Pricing of the Illiquidity Factor’s Conditional Risk with Time-varying Premium", Asia-Pacific Association of Derivatives, Busan, Korea. (2019).
  • Noh, J. (Presenter & Author)  China International Conference in Finance, "The Pricing of the Illiquidity Factor's Conditional Risk with Time-varying Premium", Chinese Association of Finance, Guangzhou. (2019).
  • Noh, J. (Presenter & Author)  MFA Annual Meeting, "Illiquidity and Stock Returns - II: Cross-section and Time-series Effects", Midwest Finance Association, Chicago. (2019).
  • Noh, J. (Presenter & Author)  NFA Annual Meeting, "Illiquidity and Stock Returns - II: Cross-section and Time-series Effects", Northern Finance Association, Charlevoix, Canada. (2018).
  • Noh, J. (Presenter & Author)  China International Conference in Finance, "Some People Say: Imprecise Language in Corporate Disclosure", Chinese Association of Finance, Tianjin. (2018).
  • Noh, J. (Presenter & Author)  AFA Annual Meeting, "Empirical Tests of Asset Pricing Models with Individual Assets: Resolving the Errors-in-variables Bias in Risk Premium Estimation", American Finance Association, Philadelphia. (2018).
  • Noh, J. (Presenter & Author)  MFA Annual Meeting, "The Pricing of the Illiquidity Factor's Systematic Risk", Midwest Finance Associatino, Chicago. (2017).
  • Noh, J. (Presenter & Author)  NFA Annual Meeting, "Industry Networks and the Speed of Information Flow", Northern Finance Association, (2015).
  • Noh, J. (Discussant)  SFS Cavalcade, "Discussion of Liquidity Uncertainty", Society for Financial Studies, (2015).
  • Noh, J. (Discussant)  NBER Market Microstructure Meeting, "Discussion of The Pricing of the Illiquidity Factor's Systematic Risk", National Bureau of Economic Research, Boston. (2014).