CSUF News Service
Meet Jongha Lim
Exploring the World of Corporate Finance
Oct. 13, 2014
Jongha Lim doesn't just look at the front face of business, she's looking behind the scenes.
"There's always a story going on," says the assistant professor of finance who joined Cal State Fullerton this fall. "What is true is what is under the surface."
An assistant professor for three years at the University of Missouri, Lim focuses much of her research on corporate finance — the area of finance dealing with how corporations raise and use capital, what affects managers' decisions, and how their actions in turn affect the firm value.
She is particularly interested in investigating the role of different kinds of institutional investors in resolving frictions that arise surrounding many corporate decisions to deter efficient outcomes. Her research has especially focused on "the new breed of investors, such as private equity funds and hedge funds, because the organizational nature of these institutions are fundamentally different from that of other traditional institutions and can therefore provide a new way of resolving various kinds of friction in the market," she explains.
"They have become very active, very vocal in corporate decision-making. They can have a critical influence," says Lim.
Her research has appeared in a number of top-tier academic journals, including the Journal of Financial Economics and the Journal of Financial and Quantitative Analysis. She is currently finalizing a paper that examines direct and indirect incentives of fund managers, upon revision request by the Journal of Finance. The paper was presented at Cal State Fullerton last December.
In addition to teaching, Lim has had experience working as a researcher in the International Finance Bureau of Seoul's Ministry and Finance and as a business analyst with Deloitte Consulting. She earned a bachelor of science degree in business administration and her master's in finance at Seoul National University.
She became interested in international study as an undergraduate, but it was while working on her master's degree that the idea of traveling to the United States grew. She was accepted into the finance doctoral program by Ohio State University, where she completed her doctorate in 2011.