Prof. Yuna Heo

Yuna Heo is Assistant Professor of Finance at the University of Basel. Previously, she held an assistant professorship at the Hong Kong Polytechnic University. 

Professor Heo’s research interests are in the areas of banking, corporate finance, financial institutions, and climate finance. She often seeks to disentangle competing theories using observational empirical data. In recent work, she shows that climate change uncertainty depresses corporate investment decisions, documenting that the negative effects are pronounced for firms with higher operating inflexibility and less redeployable capital. In another stream of her work, she studies the impact of climate change exposure on bank default probability. She shows that the impact is amplified for banks experiencing deposit withdrawal. Her further analyses demonstrate that climate adaptation strategy can build resilience to adverse impacts caused by climate change. 

• Financial Markets
  • Financial Crises
  • Systemic Risk and Regulation
• Financial Institutions
  • Banks
• Corporate Finance and Governance
  • Capital Budgeting and Investment Policy
  • Financial Risk and Risk Management
  • Financing Policy and Capital Structure
• Frontier Topics
  • Sustainable Finance