Woo-Young (Eric) Kang

Dr Woo-Young Kang PhD, MSc, MBA, BA, FHEA

Lecturer in Finance

Woo-Young (Eric) Kang is a Lecturer (Assistant Professor) in Finance at the University of Greenwich. Prior to joining Greenwich, he was a Lecturer (Assistant Professor) in Finance at Brunel University London. He earned his PhD in Finance (2017) from the Cranfield School of Management in the UK. He also holds degrees from Boston University (BA Economics, 2006; MSc Mathematical Finance, 2009) in the United States and Sogang University (MBA Finance, 2008) in South Korea, complemented by experience in the finance industry.

He teaches Financial Markets, Banking, and Fintech and Digital Banking at both the undergraduate and graduate levels. His research interests include Asset Pricing, Banking, and Financial Markets. His work has been published in leading international peer-reviewed journals, such as the Journal of Banking and Finance, the Review of Quantitative Finance and Accounting, the Journal of International Financial Markets, Institutions and Money, and Finance Research Letters. His research has also been presented at major academic conferences, including the meetings of the Southern Finance Association, the Eastern Finance Association, and the Southwestern Finance Association.

Responsibilities within the university
  • FINA1027 Finance
  • FINA1082 Principles of Finance
  • FINA1094 Banking: Principles, Practice and Regulation
  • FINA1104 Financial Markets, Instruments and Institutions
  • FINA1150 Global Banking: Management and Practice
  • FINA1173 Accounting and Finance for Business

Recognition
  • Member of the Southern Finance Association(SFA) Program Committee 2024 – 2025
  • Fellow of the Higher Education Academy (FHEA)

Research / Scholarly interests

Asset Pricing, Banking, Fintech (Cryptocurrency), Financial Markets

Recent publications

Journals

  • Caporale, GM., Kang, W-Y., Spagnolo, F., Spagnolo, N. (2022). “The Covid-19 pandemic, policy responses and stock markets in the G20”, International Economics, 172. pp. 77−90.
  • Choudhry, T., Dissanaike, G., Jayasekera, R., Kang, W-Y., Nnadi, M. (2021). “Loss Sensitive Investors and Positively Biased Analysts in Hong Kong Stock Market”, Review of Quantitative Finance and Accounting, pp. 1345−1371.
  • Caporale, G. M., Kang, W-Y. (2021). “On the preferences of CoCo bond buyers and sellers”, Journal of International Financial Markets, Institutions and Money, pp. 1−57.
  • Caporale, G. M., Kang, W-Y., Spagnolo, F., Spagnolo, N. (2021). “Cyber attacks, spillovers and contagion in the cryptocurrency markets”, Journal of International Financial Markets, Institutions and Money, 74. pp. 1−19.
  • Caporale, G. M., Kang, W-Y., Spagnolo, F., Spagnolo, N. (2020). “Non-Linearities, Cyber Attacks and Cryptocurrencies”, Finance Research Letters, 32. pp. 1−10.
  • Kang, W-Y., Poshakwale, S. (2019). “A New Approach to Optimal Capital Allocation for RORAC Maximisation in Banks”, Journal of Banking and Finance, 106, pp. 153−165.

Book Chapters

  • Caporale, G.M., Kang, W-Y., Spagnolo, F., Spagnolo, N. (2023) “Cyber-attacks, cryptocurrencies, and cyber-security”, in Achim, M. (ed.) Economic and Financial Crime, Sustainability and Good Governance. Cham, Switzerland: Springer.
  • Kang, W-Y. (2021). “Internal capital budgeting and allocation in financial firms”, in C-F. Lee & A. C. Lee (Eds.), Encyclopedia of Finance, 3rd Edition, Springer.

Presentations
  • Kang, W-Y., Lawrence, E., Wick, B. “Consumer Trust and Cryptocurrency Arbitrage”, Global Finance Conference Annual Meeting (2025)
  • Kang, W-Y., Lawrence, E., Mishra, T. “Effect of Culture on the Arbitrage in Virtual Currency”, Southern Finance Association (2023) and Southwestern Finance Association Annual Meeting (2025).
  • Zhang, A., Kang, W-Y., Lam, H.K.S. “Recycled Content Paradox: Recycled Products Backfire on Circular Economy Goals”, Beijing Institute of Technology (2024).
  • Kang, W-Y., Poshakwale, S. “Board Gender Diversity and Bank Interconnectedness”, Southwestern Finance Association (2023) Annual Meetings.
  • Caporale, G.M., Kang, W-Y., Spagnolo, F., Spagnolo, N. “Cyber-attacks, cryptocurrencies, and cyber-security”, Southwestern Finance Association (2021) Annual Meeting.
  • Kang, W-Y., Poshakwale, S. “Optimal Capital Allocation for RORAC Maximisation”, Southern Finance Association (2016) and Eastern Finance Association (2017) Annual Meetings