's photo

  • Choi, Sunhwa

  • Professor
  • · Office:  SK business building 58-406
  • · TEL:  02-880-6951
  • · E-mail:  schoi7@snu.ac.kr

General Info.

Sunhwa Choi is an associate professor of accounting at Seoul National University (SNU) Business School. She received her Ph.D and masters’ and bachelor’s degrees from Seoul National University. Prior to joining SNU, professor Choi worked at Sungkyunkwan University, Lancaster University, KPMG Korea, and PWC Korea. She has published her papers at several accounting and finance journals, including The Accounting Review, Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, Accounting Horizons, Journal of Business Finance & Accounting, Journal of Management Accounting Research, and Journal of Corporate Finance. She is a CFA charterholder and a member of the Korean Institute of Certified Public Accountants (KICPA).


Seoul National University, Associate professor, Mar 2020 - present
Sungkyunkwan University, Associate professor, Mar 2019 - Feb 2020
Sungkyunkwan University, Assistant professor, Sep 2017 - Feb 2019
Lancaster University Management School, Assistant professor, Sep 2011 - Feb 2018

Ph.D. in Accounting, Seoul National University, 2011
MBA, Seoul National University, 2006
BBA, Seoul National University, 2001

Professional Experience
KPMG Korea, Supervisory Senior 2001 - 2004

Professional Activities and Affiliations
CFA (currently inactive)
CPA (Korea) (currently inactive)
American Accounting Association Member
Korean Accounting Association Member
European Accounting Association Member



1. “Controlling Shareholders’ Tax Incentives and Classification Shifting” with Heesun Chung and Woon-Oh Jung, forthcoming at Contemporary Accounting Research
2. “Financial Statement Comparability and the Market Value of Cash Holdings” with Sun Ho (Chris) Yun and Hyejin Ahn, forthcoming at Accounting Horizons
1. “Analyst Forecasts and Target Setting in Executive Annual Bonus Contracts” with Sunyoung Kim, Sewon Kwon, and Jae Yong Shin, forthcoming at Journal of Management Accounting Research
3. “Managerial Ability and Income Smoothing” with Bok Baik and David Farber, 2020, The Accounting Review 95(4): 1R11;22.
4. “Noncompliance with Non-Accounting Securities Regulations and GAAP Violations” with Steven Young and Xiu-Ye Zhang, 2019, Journal of Business, Finance & Accounting 46(3-4): 370R11;399.
5. “Financial Statement Comparability and the Informativeness of Stock Prices about Future Earnings” with Jong-Hag Choi, Linda Myers, and David Ziebart, 2019, Contemporary Accounting Research 36(1): 389R11;417.
6. “Auditors’ Strategic Audit Pricing: Evidence from the Pre-and Post-IFRS Periods” with Youn-Sik Choi and Bumjoon Kim, 2018, Auditing: A Journal of Practice and Theory 37(4): 75R11;94.
7. “Changes in Operational Efficiency and Firm Performance: A Frontier Analysis Approach” with Bok Baik, Joon Chae, and David Farber, 2013, Contemporary Accounting Research 30(3): 996R11;1026.
8. “The Effect of Human Resource Investment in Internal Control on the Disclosure of Internal Control Weaknesses” with Jong-Hag Choi, Chris Hogan, and Joonil Lee, 2013, Auditing: A Journal of Practice & Theory 32(4): 169R11;199.
9. “Business Group Affiliation, Ownership Structure, and the Cost of Debt Capital” with Hae-Young Byun, Lee-Seok Hwang, and Robert G. Kim, 2013, Journal of Corporate Finance 23:311R11;331.

Other Publications

1. “Audit Committee Members with CEO experience and the Value of Cash Holdings” with Jinwoong Han, Taejin Jung, and Bomi Song, forthcoming at Managerial Auditing Journal
2. “The Effect of New Financial Conditions for Auditor Designation on Firms’ Earnings and Operating Cash Flow Management” with Jihoe Hwang, forthcoming at Korean Accounting Review
3. “The Effect of Related-party Transactions on the Realization Rate of Audit Engagements” with Yuqi Han and Giman Nam, 2020, Study on Accounting, Tax, and Auditing 62(2): 1R11;28.
4. “Controlling Shareholders’ Tax Incentives and Related Party Transactions” with Heesun Chung and Woon-Oh Jung, 2019, Pacific-Basin Finance Journal 101181
5. “Auditor Selection and Audit Quality after Audit Failure” 2018, Study on Accounting, Tax, and Auditing 60(4): 77R11;106.
6. “Related Party Transactions, Regulations and Disclosures: A Case of H Global” 2018. Korean Accounting Journal 27(4): 87R11;113.
7. “Asset Growth and Analysts’ Multi-period Earnings Forecasts” with Hyungjin Cho, Lee-Seok Hwang, and Woo-Jong Lee, 2018, Korean Accounting Review 43(2): 89R11;127.
8. “What Drives Credit Rating Changes? A Return Decomposition Approach” with Hyungjin Cho, 2015, Asia-Pacific Journal of Financial Studies 44(6): 899R11;931.
9. “The Effects of Auditor Characteristics on Audit Quality before and after the Enforcement of Sarbanes-Oxley Act” with Sunyoung Kim and Yoonseok Zang, 2015, Korean Accounting Review 40 (2): 75R11;107.
10. “The Impact of Mandatory versus Voluntary Auditor Switches on Stock Liquidity in the Korean Market” with Youn-Sik Choi, Ferdinand A. Gul, and Woo-Jong Lee, 2015, British Accounting Review 47(1): 100R11;116.