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Management Information Systems Marketing Operations Management Organizational Behavior & Human Resource Management Finance Strategy and International Management Accounting
SHIN, JAE YONG
SHIN, JAE YONG
Professor / Accounting
Contact
Phone02-880-6940 RoomBldg 58, Room 306 emailjshin@snu.ac.kr

Professor Introduction

Jae Yong Shin is currently a Professor of Accounting at Seoul National University. Prior to returning to his alma mater in 2010, he was an assistant professor of accounting at the University of Illinois at Urbana-Champaign for 4 years. He received his undergraduate and MS degree in business administration at Seoul National University, Korea and received his PhD in accounting from University of Wisconsin-Madison in 2006.Prof. Shin’s research broadly focuses on incentives in organizations: how various incentives influence individuals’ behavior and performance, how organizations design contracts and tasks to deal with incentive problems, and ultimately how the individual incentives and contracts determine the way organizations behave and perform. He is particularly interested in the role of performance targets in the design of compensation contracts for corporate executives and lower level employees.His articles have appeared in prestigious journals in accounting and management such as The Accounting Review, Contemporary Accounting Research, Management Science, Industrial and Labor Relations Review, the Journal of Management, the Journal of Management Accounting Research, and the Journal of Business Ethics. His 2006 article published in The Accounting Review won the Notable Contributions to Management Accounting Literature Award by the American Accounting Association in 2010. He was the editorial board member and serves as an editor at Journal of Management Accounting Research. He also sits on the editorial board of Contemporary Accounting Research, Accounting Horizons, and Management Accounting Research.
Download CV ↓

Education & Experiences

[EDUCATION AND PROFESSIONAL EXPERIENCE ]

School of Business, University of Wisconsin-Madison, Madison, WI 2001-2006
Ph.D. in Accounting and Information Systems

Korea Information Society Development Institute (KISDI), Korea 1996-2001
Senior Researcher, Management Consulting Division

College of Business Administration, Seoul National University, Seoul, Korea 1994-1996
Master of Business Administration, Accounting Major

College of Business Administration, Seoul National University, Seoul, Korea 1990-1994
Bachelor of Business Administration


[ACADEMIC EXPERIENCE]

Seoul National University, Professor of Accounting
August 2010-Present
Course taught: Undergraduate and Graduate-level (MBA and EMBA) Managerial Accounting.(the most recent average instructor rating: 4.6 where 5= highest and 1=lowest) Seminar in Management Accounting Research (MS and Ph.D.)

University of Illinois at Urbana-Champaign,

Visiting Associate Professor of Accounting
August 2017-June 2018
Course taught: Decision Making for Accountancy (Intermediate Managerial Accounting), Spring 2018

Assistant Professor of Accounting
June 2006-August 2010
Course taught: Decision Making for Accountancy (Intermediate Managerial Accounting), Spring 2007, Fall 2007, Fall 2008, Fall 2009 (the most recent average instructor rating: 4.5 where 5= highest and 1=lowest)

University of Wisconsin-Madison, Research Assistant for Prof. Ella Mae Matsumura
Fall 2001, Spring 2002, Summer 2003, Fall 2003, Spring 2004, Summer 2004, Spring 2005,
Summer 2005, Fall 2005

University of Wisconsin-Madison, Instructor, Undergraduate Program
Course taught: Accounting Principles (Course Coordinator), Fall 2004 Introductory Managerial Accounting, Spring 2006, Spring 2003, Fall 2002, Summer 2002


[BOOK]

J.Y.Shin. 2021. Fair Pay (공정한 보상), Hongmoonsa.


[EDITORIAL SERVICE]

Editor: Journal of Management Accounting Research (January 2016- )

Editorial board:
Journal of Management Accounting Research (January 2013-December 2015)
Management Accounting Research (January 2015- )
Accounting Horizons (April 2021- )
Seoul Journal of Business
회계저널 (2011-2012)

Ad hoc reviewer:
Accounting, Organizations, and Society
Contemporary Accounting Research
Management Science
Journal of Management Accounting Research
Corporate Governance: An International Review
Journal of Business Ethics
Asia-Pacific Journal of Financial Studies
Journal of Business Finance and Accounting
Journal of Corporate Finance
International Journal of Accounting
Advances in Accounting
The Sociological Quarterly
AAA Management Accounting Section Research Conferences AAA Annual Meetings
회계학연구, 회계저널, 관리회계연구


Discussant:
AAA Management AAA Management Accounting Section Research Conference, 2007, 2008, 2009, 2012, 2013, 2016, 2018, 2019
AAA Annual Meeting, 2008, 2009, 2011

Session chair: AAA Management Accounting Section Research Conference, 2009, 2019

Selection committee member for the 2011 Notable Contributions to Management Accounting Literature Award of American Accounting Association


[UNIVERSITY SERVICE]

Research grant proposal reviewer: University of Illinois Campus Research Board, 2008, 2009
Grader: University of Illinois Accountancy Department Core Ph.D. Exam, 2008
Associate director, Advanced Management Program for Public Corporations, Seoul National University, 2013-2014
Director, SNU MBA program, Seoul National University, 2015-2017
Associate dean for planning, 2019-2020
Accounting department coordinator, 2019-2020


[HONORS AND AWARDS]

Grand Prize Winner, Social Value Research Competition, SK Center for Social Value Enhancement Studies (CSES), 2019
Invited Plenary Speaker, Asia Pacific Management Accounting Research Symposium (AMARS), Taipei, Taiwan, 2016
Invited guest lecture for PhD students, Kobe University, Japan, 2016
Samil PricewaterhouseCoopers Distinguished Professorship (2014-2017)
College Teaching Award, College of Business Administration, Seoul National University, 2012, 2015
Invited Plenary Speaker Korean Management Accounting Association, 2013
Resident Faculty for the Doctoral Colloquium of the 2012 AAA Management Accounting Section Research Conference in Houston, TX
Invited Doctoral Consortium speaker for Management Accounting, Korean Accounting Association, 2011, 2016
Notable Contributions to Management Accounting Literature Award, American Accounting Association, 2010
Best Conference Paper at the 2010 AAA Management Accounting Section Research Conference in Seattle for the paper, “Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts”
List of Teachers Ranked as Excellent By Their Students, 2009
Deloitte /FSA Faculty Consortium, 2009
KPMG Mid-West Faculty Consortium, 2007
AAA New Faculty Consortium Fellow, 2007
Invited Attendee at the 2005 Information, Markets, and Organizations Conference at Harvard Business School
AAA Deloitte-J. Michael Cook Doctoral Consortium Fellow, 2005
AAA Management Accounting Section Doctoral Consortium, 2004, 2005, 2006
Department of Accounting Summer Research Scholarship, University of Wisconsin-Madison, 2003, 2004, 2005
University of Wisconsin-Madison Vilas Fellowship, 2004
Big 10+ Doctoral Consortium, 2002
Fulbright Graduate Study Fellowship, 2001-2003
Notable Contribution Award, Ministry of Information and Communication, Korea, 2001
Best Researcher of the Year Award, Korea Information Strategy Development Institute, 1997
AMP (Advanced Management Program) Scholarship, Seoul National University, 1995
Graduated with honors, College of Business Administration, Seoul National University, 1994


[PROFESSIONAL MEMBERSHIPS]

American Accounting Association
Korean Accounting Association

Publications

[RESEARCH]


    Published Academic Papers (International Journals)

  1. Ahn, S., J. Hyun, K. Koga, and J.Y.Shin. 2024. Dissecting Corporate Tournaments: Multi-layered Structures and Firm Performance. Contemporary Accounting Research (forthcoming).
  2. Kim, N., S. Kwon, and J.Y.Shin. 2024. Do Compensation Committees do What They Say They do? Evidence from Narrative Disclosure in Proxy Statements. Finance Research Letters (Forthcoming).
  3. Hyun, J., N. Kim, and J.Y.Shin. 2024. Politically Connected Outside Directors and the Value of Cash Holdings. Finance Research Letters 62: 105124.
  4. Kim, S. and J.Y. Shin. 2024. Enhanced Compensation Disclosure and Ex Post Discretionary Adjustments of Realized Performance in Executive Incentive Contracts. Journal of Management Accounting Research 36: 203-228.
  5. Jung, S. and J.Y. Shin. 2022. Social Performance Incentives in Mission-Driven Firms. Management Science 68: 7631-7657.
  6. Jung, S., N. Kim, H.S. Ryu, and J.Y.Shin. 2021. Why do Firms Utilize the Flexibility Allowed in CEO -Employee Pay Ratio Disclosure? Evidence from Dodd-Frank Act Section 953 (b). Accounting Horizons 35: 83-106.
  7. Choi, S., S. Kim, S. Kwon, and J.Y.Shin. 2021. Analyst Forecasts and Target Setting in Executive Annual Bonus Contracts. Journal of Management Accounting Research 33:19-42.
  8. Cho, J., I. Hwang, J. Hyun, and J.Y.Shin. 2020. Compensation Consultant Fees and CEO Pay. Journal of Management Accounting Research 32: 51-78.
  9. Shin, J.Y., J.Hyun, S. Oh, and H. Yang. 2018. The Effects of Politically Connected Outside Directors on Firm Performance: Evidence from Korean Chaebol Firms. Corporate Governance: An International Review 26: 23-44.
  10. Kim, S. and J.Y.Shin. 2017. Executive Bonus Target Ratcheting: Evidence from the New Executive Compensation Disclosure Rules. Contemporary Accounting Research 34: 1843-1879.
  11. Chen, C.X., E.M. Matsumura, J.Y.Shin, and S.Y. Wu. 2015. The Effect of Competition Intensity and Competition Type on the Use of Customer Satisfaction Measures in Executive Annual Bonus Contracts. The Accounting Review 90: 229-263.
  12. Shin, J.Y., S. Kang, J. Hyun, and B. Kim. 2015. Determinants and Performance Effects of Executive Pay Multiples: Evidence from Korea. Industrial and Labor Relations Review 68:53-78.
  13. Hyun, J., B. Kim, S. Kwon, and J.Y. Shin. 2014. The Effects of Corporate Governance, Competition, and Political Costs on Strategic Executive Pay Disclosure: Evidence from Korea. Journal of Management Accounting Research 26: 195-220.
  14. Matsumura, E.M. and J. Y. Shin. 2013. Relative Performance Evaluation: A Review of Managerial Accounting Research. The Journal of Management Accounting, Japan, Supplement 2: 3-12.
  15. Shin, J.Y., and J. Seo. 2011. “Less Pay and More Sensitivity? Institutional Investor Heterogeneity and CEO Pay.” Journal of Management 37:1719-1746.
  16. Gong, G., L. Li, and J.Y. Shin. 2011. Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts. The Accounting Review 86:1007-1043.
    - This paper won the Best Conference Paper Award at the 2010 AAA Management Accounting Section Research Conference in Seattle
    - Featured in the Harvard Law School Forum on Corporate Governance and Financial Regulation
  17. Bol, J., T. Keune, E.M. Matsumura, and J.Y. Shin. 2010. Supervisor Discretion in Target Setting: An Empirical Investigation. The Accounting Review 85:1861-1886.
  18. Matsumura, E.M., J.Y. Shin, and S. Wu. 2009. The Effect of Missing Quarterly Earnings Benchmarks on Chief Financial Officer Turnover and Annual Bonus. The Open Ethics Journal 3:57-66.
  19. Matsumura, E.M., and J.Y. Shin. 2006. An Empirical Analysis of an Incentive Plan with Relative Performance Measures: Evidence from a Postal Service. The Accounting Review 81: 533-566.
    - This paper won the Notable Contributions to Management Accounting Literature Award from the American Accounting Association, 2010
  20. Matsumura, E.M., and J.Y. Shin. 2005. Corporate Governance Reform and CEO Compensation: Intended and Unintended Consequences. Journal of Business Ethics 62: 101-113. (Lead Article)
    - Reprinted in Fundamentals of Corporate Governance. Vol (3), edited by Thomas Clarke and Marie dela Rama (2007), SAGE Publications (ISBN: 9781412935890)

    Published Academic Papers (Korean Journals)

  1. 박소희, 신재용, “The Effect of Market Competition on Executive Pay Cap”, 회계학연구, 2023년 12월호
  2. 박소희, 신재용, “Earnings Management Contagion through Supply Chain”, 회계저널, 2022년 12월호
  3. 박소희, 신재용, “주요 고객사의 원가관리와 공급사의 이익품질 간 관계”, 회계학연구, 2022년 12월호
  4. 박소희, 신재용, 강성춘, “증권분석가의 이직에 따른 이익 예측행태의 변화”, 회계학연구, 2022년 8월호
  5. Jung, S., S. Kwon, and J.Y. Shin. 2022. Informativeness of Peer Performance and Analyst Forecasts in Performance Target Setting. Seoul Journal of Business 28: 1-30
  6. 박소희, 김경원, 신재용, 정선문, “The Role of Executive Pay Cap: Evidence from Korea”, 회계학연구, 2021년 4월호
  7. 신재용, 정선문, 안상우, “직급간 승진가능성과 임원보수의 결정”, 회계저널, 2020년 12월호
  8. 권세원, 김경원, 신재용, 정선문, “The Determinants of Pay-for Performance Sensitivity and Convexity of CEO Bonus Contracts: Evidence from S&P 1500 Firms”, 경영학연구, 2020년 2월호
  9. 이문영, 이유진, 권세원, 신재용, “최근 법, 기술 변화를 고려한 공인회계사 적정 선발인원”, 회계저널, 2019년 12월호
  10. 권세원, 이문영, 신재용, 이재형, “한국과 일본의 공인회계사 선발인원 관리방식: 최소선발예정인원 사전결정제도를 중심으로”, 회계, 세무와 감사연구, 2019년 12월호
  11. 신재용, 권세원, 현정훈, 김경원, “The Effects of Academic Outside Directors on Firm Performance: Evidence from Korean Chaebol Firms”, 경영학연구, 2017년 8월호
  12. 권세원, 김범준, 곽수근, 신재용, “The Effect of CEO Compensation Structure on CSR Disclosure”, 경영학연구, 2017년 2월호
  13. 신재용, 황인이, 권세원, 최세라, “재벌기업의 비대칭적인 원가행태에 관한 연구”, 경영학연구, 2016년 12월호
  14. 신재용, 김범준, 권세원, “성과기반보상을 위한 성과급 규모산정: A호텔 사례”, 회계저널, 2016년 2월호
  15. 박종일, 신재용, “기업소송, 자본비용 및 기업특성”, 회계학연구, 2014년 8월호
  16. 서정우, 박종일, 신재용, “기업지배구조와 이익유연화에 관한 연구”, 회계학연구, 2013년 9월호
  17. 김범준, 신재용, “사내독립기업제도를 위한 책임회계시스템 구축-글로벌 텔레콤 사례”, 회계저널, 2013년 8월호
  18. 현정훈, 황인이, 신재용, 김범준, “지배주주-소액주주간 대리인 문제와 사외이사 보상”, 회계저널, 2013년 6월호
  19. 신재용, 서정우, 박종일, “기업지배구조가 이익과 신용등급간의 관련성에 미치는 효과”, 경영학연구, 2012년 12월호
  20. 권대현, 최종학, 신재용, 현정훈, “지배주주-소액주주간 대리인문제가 이사회 및 감사위원회 특성에 미치는 영향”, 회계학연구, 2012년 3월호
  21. Shin, J.Y. 2011. Institutional Investment Horizons and CEO Compensation. Seoul Journal of Business 17:93-135.
  22. Shin, J.Y. 2009. Stock-Based versus Cash Compensation: Does the Correlation between Earnings and Stock Returns Matter?” Seoul Journal of Business 15:121-163.

    Published Practitioner Papers

  1. Matsumura, E.M., and J.Y. Shin. 2006. Executive Pay Reform: Likely Consequences and Ethical Issues. Good Business 5(1). http://robinson.gsu.edu/ethics/publications/goodbusiness/2006/index.html
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