College of Business University of Illinois at Urbana-Champaign
HomeFaculty & ResearchStudentsProspective StudentsAlumniCorporationsAbout the College of BusinessContact Us

Hun Y. Park
Associate Professor of Finance and Executive Education Professor

Educational Background

Ph.D., M.B.A. Finance, Ohio State University, 1982, 1979
B.B.A., Seoul National University, 1974

Positions Held

At the University of Illinois since 1982. Visiting professor at Seoul National University, 1988 and Murdoch University, Australia, 1997.

Recent Publications

Park, H., Byoun, S., & Kwok, C. 2003. The expectation hypothesis of the term structure of implied volatility: Evidence from foreign currency and stock index options. Journal of Financial Econometrics, 1: 126-151.

Park, H., Boyle, P., & Byoun, S. 2002. The lead-lag relation between stock and option markets and implied volatility in option prices. Research in Finance, 19: 269-284.

Park, H., Ferris, S., & Park, K. 2002. Implied volatility, open Interest, and the basis: Further evidence from the S&P 500 futures markets. Applied Economics Letters, 9: 369-372.

Park, H., & Wu, L. 2000. The stock price and volatility behavior around order imbalance induced temporary nontrading: The case of Hong Kong. Journal of Emerging Markets, 5 (3): 6-26.

Honors and Awards

SSRN's Top Ten Research Paper Download List, 2000, 2003.

Academic Service

Associate Editor: Review of Quantitative Finance and Accounting, 2003; Review of Pacific Basin Financial Markets & Practice, 1998. Research Fellow: Center for Pacific-Basin Capital Markets Research, University of Rhode Island, 1990-1999. Research Associate: Center for the Study of Futures Markets, Columbia University, 1988-1992. President: Korea-America Finance Association, 1999-2000. Advisory Board, Korea-America Finance Association, 2000-present.

Teaching and Research

Teaches courses in derivative securities markets, investments, and portfolio management. Research focuses on futures, options, and other derivatives; investment and other portfolio management; and asset and risk management. Advising services to: Korea Stock Exchange; Korea Futures Trading Association. Has consulted with Baker & Botts Law Firm, the Korea Mineral Resources Development Corporation; Ssangyong Economic Research Institute; Maxon Systems, Inc.; and other institutions.

Contact Information:
225F David Kinley Hall
1407 W. Gregory Drive
Urbana, IL 61801
(217) 333-0659

More Information



Biographical Sketch



Working Papers


Course Syllabi

Course Websites