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Howard Kung
Assistant Professor of Finance
BA (Virginia) PhD (Duke)
BA (Virginia), PhD (Duke)
Dr Howard Kung conducts research at the intersection of asset pricing and macroeconomics. His recent research studies how firms’ innovation decisions impact economic growth and asset markets, how changes in uncertainty affect firm investment decisions, and how restructuring the maturity structure of government debt can stimulate the economy.
Dr Kung was an Assistant Professor of Finance at the University of British Columbia prior to joining London Business School in 2014. He completed his PhD at Duke University and prior to his doctorate, he studied at the University of Virginia.
- Personal website
- hkung@london.edu
- +44 (0)20 7000 8255
- Howard Kung CV
Research Interests
- Asset pricing and macroeconomics
Research Awards
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Best Paper in Corporate Finance at the SFS Cavalcade, 2014.
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AFA Travel Grant, 2010.
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Graduate Fellowship, 2006-2012.
- Asset pricing and macroeconomics
2020
Computational Methods for Production-Based Asset Pricing Models with Recursive Utility
Aldrich E H; Kung H
Studies in Nonlinear Dynamics and Econometrics 2020 Forthcoming
2019
Growth, slowdowns, and recoveries
Kung H; Bianchi F; Morales G
Journal of Monetary Economics 2019 January Vol 101 p 47-63
The CAPM strikes back? An equilibrium model with disasters
Kung H; Bai H; Hou K; Zhang L
Journal of Financial Economics 2019 Vol 131:2 p 269-298
2017
The asset redeployability channel: how uncertainty affects corporate investment
Kung H; Kim H
Review of Financial Studies 2017 Vol 30:1 p 245-280
2015
Innovation, growth and asset prices
Kung H; Schmid L
Journal of Finance 2015 Vol 70:3 p 1001-1037
Macroeconomic linkages between monetary policy and the term structure of interest rates
Kung H
Journal of Financial Economics 2015 Vol 115:1 p 42-57
2012
Fiscal policies and asset prices
Croce M M; Kung H; Nguyen T T; Schmid L
Review of Financial Studies 2012 Vol 25:9 p 2635-2672
2019
Slow recoveries through fiscal austerity: new insights in the effects of fiscal austerity
Bianchi F; Comin D; Kung H; Kind T; Matusche A
ZEW - Leibniz Centre for European Economic Research
2018
The origins and effects of macroeconomic uncertainty
Bianchi F; Kung H; Tirskikh M
NBER Working Paper
2017
Competition, markups, and predictable returns
Corhay A; Kung H; Schmid L
Social Sciences Research Network
Computational methods for production-based asset pricing models with recursive utility
Aldrich E M; Kung H
Economic Research Initiatives at Duke (ERID)
QE in the fiscal theory: a risk-based view
Corhay A; Kung H; Morales G
Social Sciences Research Network
2016
Limited marital commitment and household portfolios
Addooum J M; Kung H; Morales G
Social Sciences Research Network
Teaching portfolio
Our teaching offering is updated annually. Faculty and programme material are subject to change.
Core courses
- Finance II
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Electives
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Corporate Finance and Capital Markets
Together with the Finance Core Course, a two-course sequence covering corporate finance and investments. While not a core course, CFCM covers key areas of finance with which all graduates should be familiar.
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Corporate Finance and Capital Markets