Curriculum Vitae
HEEDONG KIM
Ph.D. in Accounting and Information Assurance
6100 Westchester Park Drive Apartment 1708, College Park, Maryland, United States
hekim@rhsmith.umd.edu 240-802-9421
EDUCATION
Sept 2013Present
University of Maryland, Robert H. Smith School of Business
 Ph.D. in Accounting and information Assurance
Mar 2011-Feb
2013
Seoul National University, College of Business Administration
 M.S., in Accounting
Mar 2002
–Aug 2006
KAIST, College of Business
 B.S., Magna Cum Laude in Management Engineering
RESEARCH EXPERIENCE
1st year summer
paper
Effect of unemployment insurance on firm productivity
 The unemployment insurance system provides income protection for the unemployed workers. Since
it reduce the employee’s cost of job termination, they can exacerbate the moral hazard problem.
Consistent with our hypothesis, we find that the level of insurance benefits negatively associated
with firm’s productivity.
Master’s Thesis
The initial market reaction to quarterly earnings announcements and mandatory IFRS adoption:
Korean evidence
 I hypothesized that initial market reaction after the mandatory IFRS adoption would be smaller after
mandatory-IFRS adoption, because new accounting standards may raise the level of uncertainty of
earnings information. I find that market initially underreact to the 1st quarter earnings announcement.
However, market’s reaction significantly increases with the following quarterly earnings
announcements. Overall, finding of this paper provides the evidence of how market participants
process IFRS earnings information.
Working paper
Different incentive of real earnings management between public firms and private firms.
 I hypothesized that the public firms and private firms would show different preference for the real
earnings management (REM) due to the different incentive for earnings management (EM). I find
that public firms are less likely to engage in EM due to the higher monitoring and potential
consequences, I also find that public firms prefer to use REM over AEM. This paper would
contribute to the current debate on the pervasiveness of EM and the use of each method of EM in
the more extended settings.
Funded projects
Valuation opinion report of lawsuit
Explained the pros and cons of various valuation models and provides the valuation case that the
proper choice of valuation model is critical.

Bank loan appraisal of lawsuit
Submitted a report on the estimation of acquired bank loan’s value investigating multiple financial
factors of borrowers by using specific information of debt contract and analyzing property right
among lenders and borrowers.

WORK EXPERIENCE
Dec 2008
-Feb 2011
Samil PricewaterhouseCoopers
Senior Associate, Financial Advisory Services
 Conducted financial due diligence for M&A projects on both buy side and sell side
 Devised security statements and valuation opinion report related to back-door listing
 Examined previous cash flow and evaluated financial soundness on corporate restructuring.
 Audited multiple industries and advised client’s financial statements
Jun 2005
-Aug 2005
CJ Group
Summer Intern, Strategy & Business Development Group in CEO Office
Fall 2014
G.A of Professor Nicholas Seybert and Hanna Lee
Spring 2014
G.A of Professor Nicholas Seybert and Emanuel Zur
Fall 2013
G.A of Professor Hanna Lee and Stephen Brown
Mar 2011-Feb
2013
T.A and R.A of Professor Lee-Seok Hwang
Conference Participation
2015
American Accounting Association Annual Meeting
HONORS AND AWARDS
Aug 2013
- Current
Assistantship and Fellowship, Robert H. Smith School of Business, University of Maryland
Mar 2002
– Jun 2008
Full Tuition Scholarship, KAIST
Jun 2006
ING Master Class 2006
Aug 2005
1st Prize, KAIST-CJ Business Plan Competition
Dec 2004
1st Prize, Korea Management Association Case Study Competition:
Jul 2004
Grand Prize for Best research paper, 10th LG Global Challenger
SKILLS AND OTHER INFORMATION
License
Computer Skills


KICPA(Korea Institute of Certified Public Accountants)
Proficient user in SAS, STATA and other mathematical model(E-Views, Matlab)