Heungjoo Cha

Professor, Department Chair
Global Business

Heung Joo Cha


Ph.D, University of Houston, Finance.

M.S., University of Wisconsin-Madison, Finance, Investment and Banking.

B.B.A., Chonnam National University, Korea.


Duke Hall
P: 909.748.8532
E: heung-joo_cha@redlands.edu

Meet Dr. Cha

Heung-Joo Cha, Ph.D., is a Professor at the University of Redlands. He teaches courses in finance. He worked at an investment bank and taught at the University of Houston and the University of St. Thomas. As a financial economist, he conducts research and publishes on investments, international finance, and corporate finance, and has given many presentations at professional conferences. He is regularly invited to give lectures in China, Korea, Vietnam, and India.

Research and Areas of Expertise


Corporate Finance

International Finance

Financial Markets

Asian Economics /Finance

Korean Economics / Finance


Courses Taught

Financial Management (GLB 353)

Investments (GLB 422)

Corporate Finance (GLB 421)

International Finance (GLB 336)

China's Business Environments (BUS 380)

Options and Futures

Money and Capital Markets

Financial Systems


Assistant Professor, University of St. Thomas, St. Paul, MN

Visiting Assistant Professor, University of Houston

Visiting professor

Thuyloi University, Hanoi, Vietnam

Thang Long University, Hanoi, Vietnam

Shanghai Normal University, Shanghai, China

Changzhou University, Changzhou, China

North China Electric Power University, Beijing, China

Xavier Institute of Management & Entrepreneurship, Bengaluru, India

Chonnam National University, Korea

Guest speaker

National Economics University, Hanoi, Vietnam

Fudan University, Shanghai, China

Shanghai Jiaotong University, Shanghai, China

Yonsei University, Seoul, Korea

Financial Manager & Financial Analyst, Daishin Securities Co., Korea


“Exploring Faculty Experiences with Technology-supported Collaboration in College Classroom,” with Kim., J.H., Massey, C., Smithey, M., in Handbook of Research on Facilitating Collaborative Learning Through Digital Content and Learning Technologies, IGI Global, pp. 132-160, 2023.

“Korea’s Economy: Seven Decades of Growth, Development, Challenges, and Prospects,” The Road to Unification, pp.48-52, 2020.

“The Dynamic Effects of Stock Prices on Mutual Funds Flows and Volume in the Korean Stock Market,” International Journal of Business and Social Science, Vol. 9, No 1, 2018.

“Financial Effects of the Right-To-Use Model for Lessees,” Pan-Pacific Journal of Business Research, with Drs. H. S. Pak, B. Lee, Vol. 4, No 1, pp 56-87, 2013.

“Reconsidering Stock Returns and Equity Mutual Fund Flows in the U.S. Stock Market: A Macro Approach” with J. Kim, in “The Stock Market: Crisis, Recovery and Emerging Economies,” Nova Publisher, pp. 151-160, 2011.

“Stock Returns and Investment Trust Flows in the Japanese Financial Market: A System Approach” with Dr. J. Kim, Journal of Asian Economics, Vol. 21, pp. 327-332, 2010.

"Stock Returns and Aggregate Mutual Fund Flows: A System Approach" with Dr. J. Kim, Applied Financial Economics, Vol. 20, pp. 1493-1498, 2010.

“Time-varying Correlations and Optimal Allocation in Emerging Market Equities for the U.S. Investors” with Dr. T. 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 T.Jithendranathan, and J. Kim in “Japanese Fixed Income Markets: Money, Bond, and Interest Rate Derivatives,” Elsevier North Holland, pp. 349-369, 2006.

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

Awards, Honors, Grants

Certificate of Recognition, California Legislature Assembly

The President’s Lifetime Achievement Award, The Office of the President of the United States and the Americorps

Certificate of Appreciation, Consulate General of the Republic of Korea in Los Angeles

The President’s Volunteer Service Award (Gold), Corporation for National & Community Service

Silver Spoon Award, Garden Grove Chamber of Commerce

Education Leadership Award, Orange County Board of Supervisors and Orange County Korean Cultural Center

Dean’s Award for Academic Excellence, University of Houston

The Clay and Lucy Carter Award for Excellence in Teaching, Department of Finance & Marine Insurance Seminar, University of Houston

Rotary Foundation Scholarship, Rotary Foundation, Evanston, IL.

Invited Presentations

"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.


American Finance Association (AFA)

American Economic Association (AEA)

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)

Pan Pacific Business Research Institute (PPBRI)