Published October 15, 2021
Sahn-Wook Huh, associate professor of finance in the School of Management, has received a Fulbright Scholar Award, one of the most prestigious scholarships in the world.
Later this month, Huh will travel to Carleton University in Ottawa, Canada, where he will hold the Fulbright Canada Distinguished Research Chair in Entrepreneurship for the 2021-22 academic year.
The grant will allow Huh to present his research at workshops and seminars at Carleton and fund his research into the effect of prescription drug approvals on financial markets.
Specifically, Huh plans to examine data from different phases of the drug-approval process to see how investors behave around key events, as well as whether existing informed-trading measures can identify the presence of informed trading on public or private information throughout the process. His findings could have implications for regulators, investors and other financial market participants.
In addition, Huh looks forward to fulfilling the Fulbright program’s mission of fostering mutual understanding and cultural exchange between people of the United States and other nations.
“Through the Fulbright grant, I hope to not only deepen my academic perspective and broaden the scope of my research, but also to serve as a cultural ambassador for the U.S. and appreciate the beautiful nature and culture of Canada,” says Huh, who was an associate professor of finance at Brock University in St. Catherine’s before joining the UB School of Management faculty in 2009.
A former president of the Korea-America Finance Association, Huh is a highly regarded scholar in empirical corporate finance, asset pricing, market microstructure, foreign exchange economics, behavioral finance, and the evaluation of mutual fund and hedge fund performance. His research appears in top-tier journals and has been supported by numerous grants, including awards from the Ontario provincial government and Canadian federal government. Eight of his scholarly articles have won Best Paper Awards from the Financial Management Association and other international conferences.
Huh’s 2021-22 Fulbright award is actually his second Fulbright. He previously received a Fulbright student scholarship in 1991-93 for his MBA studies at the University of Chicago.
“The Fulbright program opened up a window of opportunity for my academic career,” he recalls. “The scholarship was so precious, allowing me to study in a then-foreign country for the first time in my life and gain a foothold for my PhD studies later.”