The Korean insurance industry has rapidly grown over the past decade, and at the same time the asset size of Korean insurance companies increases very fast. So the effective and scientific asset management becomes very essential for these companies to stay profitable. Korean insurance companies...

This thesis consists of three essays examining issues related to human capital, careers, and financial economics. In the first chapter, I examine how the process of corporate bankruptcy varies by human capital intensity using a sample of 1,493 public firms that filed for Chapter 11 between 1980...