Professor Park Kyung-hee of Hannam University Awarded 'Namgok Academic Award' by the Korean Financial Management Association

Hannam University is taking a commemorative photo after Professor Kyunghee Park from the Department of Business Administration received the 'Namgok Academic Award.' Provided by Hannam University

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Hannam University announced on the 22nd that Professor Park Kyung-hee of the Department of Business Administration received the 'Namgok Academic Award,' an award for outstanding presentation papers, at the '2022 Regular Academic Research Presentation' hosted by the Korean Financial Management Association.

At the presentation, Professor Park presented 'Manager Overconfidence Anomaly Measured by BERT and Long-term Investment Performance (First author Choi Hye-rin, Ph.D. candidate at Ewha Womans University; co-author Professor Lee Jin-ho, Hannam University)'.

The presented paper analyzed the text of business reports of domestic companies using Google's deep learning algorithm BERT and measured managerial overconfidence based on this analysis.

Professor Park proposed a portfolio investment strategy utilizing managerial overconfidence and reported significant abnormal returns in investment results, which led to receiving the Namgok Academic Award for the research achievement.

Meanwhile, the Korean Financial Management Association, established in 1981, is a leading domestic financial management society that annually selects outstanding papers and awards the Namgok Academic Award.

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