Academics

Heung-Joo Cha

Assoc Professor, Business Admin

Degrees: Ph.D, University of Houston, Finance, 1999; M.S., University of Wisconsin-Madison, Finance, Investment and Banking,1995; B.B.A., Chonnam National University, Korea, Business Administration--Graduated with Distinction, 1989

Office: Business Administration , Duke Hall #307

Phone: 909/748-8532 Campus Ext. 8532

E-mail: heung-joo_cha@redlands.edu

Portrait

Research and Areas of Expertise

Teaching: Investments, Corporate Finance, International Finance, Derivatives, and Financial Markets
Research: Investments, International Finance, and Time-series Econometrics

Professional Background Highlights

Heung-Joo Cha is an Assistant Professor at the University of Redlands. I teach courses in finance. I obtained a Ph.D. in finance from the University of Houston, and MS in Finance from the University of Wisconsin-Madison. Prior to joining the university, I was an assistant professor at the University of St. Thomas in St. Paul, Minnesota and served as a visiting assistant professor at the University of Houston. I also taught at two Chinese universities in summer 2009. My research interests are mutual funds in the U.S. and other markets, international capital flows and portfolio investments, and emerging markets. I published and presented papers related to these areas. I worked as a manager at a large investment bank in Korea for fund management, international trading and underwriting in Eurobond markets.

Courses Offered at Redlands

  • Financial Management (BUS353)
  • Investments (BUS 354)
  • Investments and Corporate Finance (BUS 354)

Previous Teaching Experience

Shanghai Normal University, Shanghai, China, May 2009
Course taught: International Financial Market

North China Electric power University, Beijing, China, June 2009
Course taught: Corporate Finance

University of St. Thomas, 2001 - 2008, Department of Finance
Courses taught: Financial Management (FINC321), Corporate Finance (FINC324), Finance for Non-Business Majors (FINC300), MBA Financial Management (MBFC600)

University of Houston, 1995 - 2001, Department of Finance
Visiting Assistant Professor, 1999 - 2001
Courses taught: Money & Capital Markets, Financial Systems, Principle of Financial Management, International Finance, Investments, MBA Managerial Finance
Instructor, 1996 - 1999
Courses taught: Managerial Economics, Financial Systems

Professional Experience

1989 - 1993 Manager, Daishin Securities Co., Ltd., Korea

Awards, Honors and Grants

  • 2006, 2007: College of Business Summer Research Grant, University of St. Thomas.
  • 2003: Research Assistance Grant, University of St. Thomas.
  • 1998, 1999: Texas Public Education Grant, State of Texas.
  • 1999: Dean’s Award for Academic Excellence, University of Houston.
  • 1998: The Clay and Lucy Carter Award for Excellence in Teaching; Department of Finance & Marine Insurance Seminar, University of Houston.
  • 1992: Rotary Foundation Scholarship, Rotary Foundation, Evanston, IL.
  • 1989: Outstanding Academic Award, The Korean Securities Training Institute, Korea.
  • 1989: Distinguished Graduate Award for Academic Excellence; Graduated with highest GPA from the Department of Business Administration (Summa Cum Laude), Chonnam National University, Korea.

Publications

“Time-varying Correlations and Optimal Allocation in Emerging Market Equities for the U.S. Investors” with Dr. Thadavillil Jithendranathan, International Journal of Finance and Economics, Vol. 14, pp. 172-187, 2009.

“How Integrated are the Equity and Debt Markets? A Comparative Study of Japanese and the U.S. Capital Markets” with Thadavillil Jithendranathan, and Jaebeom Kim in “Japanese Fixed Income Markets: Money, Bond, and Interest Rate Derivatives,” Elsevier North Holland, pp. 349-369, 2006.

“The Dynamic Relationship Between Security Returns and Mutual Funds Flows,” Journal of Management and Economics Research, Vol. 24, No. 2, pp. 153-194, 2002.

“Cross-border Capital Flows and the Behavior of the Market Returns,” Journal of Management, Vol. 26, pp. 143-173, 2002.

“The Market Demand Curve for Common Stocks: Evidence from Equity Mutual Fund Flows,” with Bong-Soo Lee, The Journal of Financial and Quantitative Analysis, Vol. 36, No. 2, pp.195-220, June 2001.

Conference Presentations and Proceedings

“On Stock Returns and Equity Mutual Fund Flows,” Global Finance Association Conference.2009.

“Dynamic Relationship between Stock Prices and Unit Trust Flows in the U.K. Market,” Multinational Finance Society Conference. 2009.

“On Stock Returns and Investment Trust Flows in the Japanese Market,” Asian Finance Association Conference. 2009.

“Dynamic Relationship between Stock Prices and Unit Trust Flows in the U.K. Market,” Global Finance Association Conference. 2008.

“Stock Returns and Equity Mutual Fund Flows in the U.K. Market,” Hawaii International Conference on Business. 2007.

“The Short and Long term Dynamic Relationship between U.S. Stock Prices and Equity Mutual Fund Flows,” Multinational Finance Society Conference. 2006.

“Short and Long-run Dynamic Relations between Japanese Security Returns and Investment Trust Flows: A System Approach,” Global Finance Association Conference. 2005.

“Short and Long-run Dynamic Relations Between Security Returns and Mutual Fund Flows: A System Approach” 2005 Financial Management Association (FMA) Annual Meeting. 2005. ASSA Annual Meeting. 2006.

“The Dynamic Relationship Among Stock Price, Equity Investment Flow, and Volume in the Korean Stock Market,” PACAP/FMA Conference and Global Finance Association Conference. 2004.

“Aggregate Price Effects of Customer Deposits: A Study of the Korean Stock Market,” Financial Management Association (FMA) Conference. 2002.

“The Dynamic Relationship Between Security Returns and Mutual Funds Flows,” Financial Management Association (FMA) Conference. 2001.

“Cross-border Capital Flows and the Behavior of the Market Returns,” Financial Management Association (FMA) Conference and PACAP/FMA Conference. 2001.

“The Market Demand Curve for Common Stocks: Evidence from Equity Mutual Fund Flows,” with Bong Soo Lee, Financial Management Association (FMA) Conference. 2000.

Professional Affiliations

  • American Finance Association (AFA)
  • Financial Management Association (FMA)
  • Korea-America Finance Association (KAFA)
  • Korea-America Economic Association (KAEA)
  • Asia Pacific Finance Association (APFA/PACAP/FMA)
  • Multinational Finance Society (MFS)
  • Global Finance Association (GFA)
  • Editorial Advisory & Review Board, Journal of Global Business and Management

Heung-Joo Cha is the Faculty Sponsor for the Redlands Student Investment Club



What started as a freshman prank in 1913?
The giant R

The giant "R" seen on the mountain north of the University that is about one-third the size of the Quad.

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