第三屆交通大學財務金融國際研討會 · Web view2016/12/13 · Department of Information Management and Finance, National Chiao Tung University, Taiwan國立交通大學資訊管理與財務金融學系

2023/9/15第十屆交通大學財務金融國際研討會The 10th NCTU International Finance Conference

The 10th NCTU International Finance Conference 第十屆交通大學財務金融國際研討會Conference Theme: Financial Market, FinTech and New Southbound Policy會議主題：金融市場、金融科技與南進政策

時間(Date)：105 年 12 月 23 日（星期五）8：30 AM --5：45 PM (8：30 AM ~5：45 PM, Friday, December 23rd, 2016)地點(Location)：國立交通大學光復校區管理一館 1 樓

(1st floor, Management Building 1, Kuang-Fu Campus, NCTU)

Program Co-Directors:Cheng-Few Lee, Rutgers University, USATian-Shyr Dai, National Chiao Tung University, Taiwan

主辦單位(Conference Organizers)：Department of Information Management and Finance, National Chiao Tung University, Taiwan 國立交通大學資訊管理與財務金融學系Foundation of Pacific Basin Financial Research and Development, Taiwan 財團法人亞太金融研究發展基金會Rutgers Business School, Rutgers University, USA 美國羅格斯大學商學院指導單位(Advisor)：Ministry of Science and Technology, Republic of China 中華民國科技部合辦單位(Conference Co-Organizers)：Executive Master of Business Administration (EMBA), National Chiao Tung University, Taiwan 國立交通大學 EMBADepartment of Quantitative Finance, National Tsing Hua University, Taiwan國立清華大學計量財務金融學系贊助單位(Sponsors)：Taiwan Stock Exchange Corporation 臺灣證券交易所Taiwan Futures Exchange 臺灣期貨交易所Taiwan Depository & Clearing Corporation 臺灣集中保管結算所GreTai Securities Market, Taiwan 證券櫃檯買賣中心Cultural & Educational Foundation, Shanghai Commercial & Savings Bank, Ltd., Taiwan 上海商業儲蓄銀行文教基金會Mega International Commercial Bank 兆豐國際商業銀行Hua Nan Bank 華南銀行Land Bank of Taiwan 臺灣土地銀行Taishin Financial Holding Co., Ltd., Taiwan 台新金融控股股份有限公司Compal Electronics, INC. 仁寶電腦工業股份有限公司Yi Jinn Industrial Co., Ltd 宜進實業股份有限公司Tung Ho Steel Enterprise Corporation 東和鋼鐵企業股份有限公司MFC Sealing technology Co., Ltd. 麥豐密封科技股份有限公司

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Kingpak Technology Inc. 勝麗國際股份有限公司主辦單位聯繫方式:Tel.: (03)571-2121 Ext. 57080 Fax: (03)572-9915 (Ms. Rita Liu 劉小姐) (02)2522-1319，0970-817592 (李小姐)Add.: 300 新竹市大學路 1001 號國立交通大學財務金融研究所 409REmail: [email protected] (Ms. Rita Liu 劉小姐) [email protected] (李小姐)

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The 10th NCTU International Finance Conference 第十屆交通大學財務金融國際研討會~∙~ Agenda ~∙~

8:30~9:00 Registration 報到 Management Building1

9:00~9:10 Welcome Remarks 校長致辭

M-B10

9:10~9:20 Remarks by Honorary Guest貴賓致詞Nabil Adam, Vice Chancellor for Research & Collaborations and Distinguished Professor, Rutgers University, USA

9:20~9:30 Remarks by Honorary Guest貴賓致詞陳進財董事長穩懋半導體股份有限公司

9:30~10:15(45mins)

Keynote Speech (1) 專題演講(1) Speaker: John K.C. Wei, The Hong Kong Polytechnic University, Hong Kong

10:15~11:00(45mins)

Keynote Speech (2) 專題演講(2) Speaker: Khee Giap Tan , Chairman, Singapore National Committee for Pacific Economic Cooperation and Co-Director, Asia Competitiveness Institute at Lee Kuan Yew School of Public Policy, National University of Singapore

11:00~11:15 休息 Tea Break11:15~12:45(90mins)

Panel Session I. 金融與科技之結合--數位金融為金融業帶來之衝擊 M-116

Academic Session ** Expression is faulty **. Empirical Corporate Finance

M-115

Academic Session ** Expression is faulty **. Innovation and Financial Markets M-102

Academic Session ** Expression is faulty **. Investment Analysis M-103

Academic Session ** Expression is faulty **. Accounting and Investment Analysis M-104

12:45~13:45 午餐 Lunch Time13:45~14:30(45mins)

Special Speech Speaker: Henry Horng-Shing Lu, National Chiao Tung University

M-B10

14:30~16:00(90mins) Panel Session ** Expression is faulty **. 南向政策 M-116

Academic Session ** Expression is faulty **. Return Predictability and Trading Strategies

M-115

Academic Session ** Expression is faulty **I. Corporate Finance, Banking & Labor Economics M-102

Academic Session ** Expression is faulty **** Expression is faulty **I. FinTech: Data Prediction M-103

Academic Session ** Expression is faulty **** Expression is faulty **II. Financial Econometrics M-104

16:00~16:15 休息 Tea Break16:15~17:45 Panel Session ** Expression is faulty **. Application of Big Data M-116

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(90mins) Analysis in Financial Studies

Academic Session IX. Systemic Risk & Risk Management M-115

Academic Session X. Accounting, Anomalies, and Capital Markets M-102

The 10th NCTU International Finance Conference ~∙~ Detailed Program ~∙~

8:30~9:00 Registration報到9:00~9:10 Welcome Remarks校長致辭

M. C. Frank Chang, President, National Chiao Tung University, Taiwan

M-B10

9:10~9:20 Remarks by Honorary Guest 貴賓致詞Nabil Adam, Vice Chancellor for Research & Collaborations and Distinguished Professor, Rutgers University, USA

9:20~9:30 Remarks by Honorary Guest 貴賓致詞Jin-Choi Chen, Chairman, WIN Semiconductors Corp.(陳進財董事長穩懋半導體股份有限公司)

9:30~10:15(45 mins)

Keynote Speech (1) 專題演講(1) Dissecting Arbitrage CostsChairperson: Sheng-Syan Chen, National Taiwan University, TaiwanSpeaker: John K.C. Wei, The Hong Kong Polytechnic University, Hong Kong

10: 15~11:00(45 mins)

Keynote Speech (2) 專題演講(2) New Southbound PolicyChairperson: Tian-Shyr Dai, National Chiao Tung University, TaiwanSpeaker: Khee Giap Tan, Chairman, Singapore National Committee for Pacific Economic Cooperation and Co-Director, Asia Competitiveness Institute at Lee Kuan Yew School of Public Policy, National University of Singapore (陳企業博士新加坡太平洋經濟合作委員會主席暨新加坡國立大學李光耀公共政策學院亞洲競爭力研究所所長)

11:00~11:15 Tea Break 休息11:15~12:45(90 mins)

Panel Session ** Expression is faulty **. 金融與科技之結合--數位金融為金融業帶來之衝擊Chairperson: Bor-Yi Huang, President, Taiwan Academy of Banking and Finance, Taiwan (黃博怡院長台灣金融研訓院)

Panelists: 1. Tony K.A. Lyou, General Manager, Apex International Financial

Engineering Research & Technology Co Ltd. , Taiwan (劉國安總經理寶碩財務科技有限公司)

2. Chuan-Hsiang Han, Department of Quantitative Finance, National Tsing Hua University, Taiwan (韓傳祥教授清華大學計量財務金融學系)

3. Szu-Hao Huang, Department of Information Management and Finance, National Chiao Tung University, Taiwan (黃思皓教授交通大學資訊管

M-116

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理與財務金融學系) 4. Fang-Pang Lin, National Center for High-performance Computing

(NCHC) , Taiwan (林芳邦博士國家高速網路與計算中心)Academic Session I. Empirical Corporate FinanceChairperson: Sheng-Syan Chen, National Taiwan University, Taiwan

1. Does Governance Matter for Bank Liquidity Management? Evidence from the 2007 Financial CrisisI-Ju Chen, Yuan Ze University, TaiwanWei Chih Lin, Yuan Ze University, Taiwan

2. The Effect of Company Name Fluency on AcquisitionsChia-Wei Huang, Yuan Ze University, TaiwanChih-Yen Lin, Fu Jen Catholic University, Taiwan

3. Seasoned Equity Offerings in Socially Responsible CorporationsTsai-Ling Liao, National Formosa University, Taiwan Wen-Chun Lin, National Taipei University of Business, Taiwan

4. Innovation, R&D Capability, and Cash HoldingsSheng-Syan Chen, National Taiwan University, Taiwan Cheng-Yuan Lee, National Taiwan University, Taiwan Yanzhi Wang, National Taiwan University, Taiwan

M-115

Academic Session II. Innovation and Financial MarketsChairperson: Po-Hsuan Hsu, University of Hong Kong, Hong Kong

1. Leviathan Inc. and Corporate Environmental EngagementPo-Hsuan Hsu, University of Hong Kong, Hong Kong Hao Liang, Singapore Management University, SingaporePedro Matos, University of Virginia, USA

2. Public R&D Spending and Cross-Sectional Stock ReturnsSheng-Syan Chen, National Taiwan University, Taiwan Yan-Shing Chen, National Taiwan University, Taiwan Woan-lih Liang, National Chiao Tung University, Taiwan Yanzhi Wang, National Taiwan University, Taiwan

3. Relationship between Board Power and New Product Introduction: Evidence from the Sarbanes – Oxley Act (SOX)I-Ju Chen, Yuan Ze University, TaiwanHong Thoa Nguyen, Cantho University, Vietnam

4. Pollution, Litigation Risk, and Stock ReturnsPo-Hsuan Hsu and Chi-Yang Tsou, University of Hong Kong, Hong Kong

M-102

Academic Session III. Investment Analysis M-103

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Chairperson: Hong-Yi Chen, National Chengchi University, Taiwan

1. Internet Search, Fund Flows, and Fund PerformanceHong-Yi Chen, National Chengchi University, TaiwanHsuan-Chi Chen, University of New Mexico, USAChristine W. Lai, National Taiwan Normal University, Taiwan

2. Are Firms Doing Good Also Doing Well?—A Model of the CSR Advertising-Analogous EffectHsuan-Chu Lin, National Cheng Kung University, TaiwanShe-Chih Chiu, National Cheng Kung University, Taiwan

3. Managerial Myopia and the Mortgage MeltdownAdam C. Kolasinski, Texas A&M University, USANan Yang, The Hong Kong Polytechnic University, Hong Kong

4. Distress Risk, Product Market Competition, and Corporate Bond Yield SpreadsHan-Hsing Lee, National Chiao Tung University, Taiwan

Academic Session IV. Accounting and Investment AnalysisChairperson: Sophia Hsintsai Liu, National Taiwan University, Taiwan

1. Customer-supplier Relationship and Cost StickinessAudrey Wenhsin Hsu, Jay Lin and Sophia Hsintsai Liu, National Taiwan University, Taiwan

2. Predicting Future Performance Using Fair Value versus Historical Cost: Evidence from Investment PropertyShu-hsing Wu, Chang Jung Christian University, TaiwanStephen Lin, Florida International University, USA

3. Customer Loss or Fire Sale?- Asymmetric Behavior in Mutual Fund InvestingDavid Sun, Kainan University, Taiwan

4. The Effect of Book-Tax Conformity on Loan ContractingAudrey Wenhsin Hsu and Sophia Hsintsai Liu, National Taiwan University, Taiwan

M-104

12:45~13:45(60mins)

Lunch Time 午餐13:45~14:30(45mins)

Special Speech Time Delay Boolean Networks for Big DataChairperson: Jin-Li Hu, Dean, College of Management, National Chiao Tung University, Taiwan Speaker: Henry Horng-Shing Lu, National Chiao Tung University, Taiwan

M-B10

14:30~16:00(90 mins)

Panel Session ** Expression is faulty **. 南向政策 M-116

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Chairperson: Min-Teh Yu, National Chiao Tung University, Taiwan

Panelists: 1. Khee Giap Tan, Chairman, Singapore National Committee for Pacific

Economic Cooperation and Co-Director, Asia Competitiveness Institute at Lee Kuan Yew School of Public Policy, National University of Singapore (陳企業博士新加坡太平洋經濟合作委員會主席暨新加坡國立大學李光耀公共政策學院亞洲競爭力研究所所長)

2. Ray Yeutien Chou, Reserch Fellow, Institute of Economics, Academia Sinica, Taiwan (周雨田博士中央研究院經濟研究所)

3. Jin-Li Hu, Dean, College of Management, National Chiao Tung University, Taiwan (胡均立院長交通大學管理學院)

4. Tain-tsair Hsu, Adjunct Professor, Department of Economics, Chinese Culture University, Former Mayor of Tainan City (許添財教授中國文化大學經濟學系、前台南市長)

Academic Session ** Expression is faulty **** Expression is faulty **. Return Predictability & Trading StrategiesChairperson: Pin-Huang Chou, National Central University, Taiwan

1. Continuing Overreaction and Momentum in a Market with Price LimitsHsiang-Hui Chu, Kuan-Cheng Ko, and Shiou-Wen Lee, National Chi Nan University, Taiwan

2. Return Premium by Excess Implied VolatilityAlex YiHou Huang, Thu Trang (Anna) Pham, and Ming-Che Hu, National Chiao Tung University, Taiwan

3. Timing Horse Racing among Realized Variance EstimatorsJin-Huei Yeh, National Central University, TaiwanJying-Nan Wang, Fo Guang University, Taiwan

4. Median-Based Trading StrategiesTsung-Yu Chen and Pin-Huang Chou, National Central University, Taiwan

M-115

Academic Session ** Expression is faulty **I. Corporate Finance, Banking & Labor EconomicsChairperson: Carl Hsin-han Shen, National Central University, Taiwan

1. CEO Inside Debt and Convertible BondsWei-Hsien Li, National Central University, TaiwanS. Ghon Rhee, University of Hawaii, USACarl Hsin-han Shen, National Central University, Taiwan

2. What’s in a Name: A Study on Gender and Name Discrimination by Singaporean EmployersDaryl Ho Sheng Hui, Hong Yan Qing, Tan Jia Hui, and Chew Soon Beng, Nanyang Technological University, Singapore

M-102

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3. Is Foreign-Currency Denominated Debt Performance Enhancing? Evidence from French Non-Financial FirmsSalma Mefteh-Wali, ESSCA School of Management, FranceMarie-Josèphe Rigobert, EDC Business School Paris, France

4. Voluntary Bank Debt Renegotiation and Bondholders’ WealthNan Yang, The Hong Kong Polytechnic University, Hong Kong

Academic Session VII. FinTech: Data Prediction Chairperson: Shih-Ti Yu, National Tsing Hua University, Taiwan

1. Chart Pattern Recognition by the QBSH Linear Scaling MethodChuan-Hsiang Han, National Tsing Hua University, Taiwan

2. On the Factor Structure of High-dimensional Asset MarketsChor-yiu Sin, National Tsing Hua University, Taiwan

3. An Automatic System of Reporting and Interpreting Financial Statements Using Machine Learning ApproachesMeng-Feng Yen, National Cheng Kung University, TaiwanYu-Pei Huang, National Quemoy University, Taiwan

4. The International Linkages and Their Transmission Patterns of G7 Equity Markets – An Application of C- and D-Vine CopulasWeihan Liu, Alfaisal University, Kingdom of Saudi Arabia

M-103

Academic Session VII** Expression is faulty **. Financial Econometrics Chairperson: Chor-yiu Sin, National Tsing Hua University, Taiwan

1. Causal Relationship between Spot and Futures Prices with Multiple Time Horizons: A Nonparametric Wavelet Granger Causality TestTzu-Pu Chang, National Yunlin University of Science and Technology, Taiwan

2. Real Asset Liquidity and Corporate InnovationHenry (Hongren) Huang, National Central University, Taiwan

3. Modeling Interval Time Series Based on Stochastic Differential EquationLiang-Ching Lin, National Cheng Kung University, Taiwan

4. Portfolio Risk Measures with Skewed Distributions for Dependent Assets: A Bayesian ApproachEdward M.H. Lin, Providence University, TaiwanEdward W. Sun, KEDGE Business School, France and Karlsruhe Institute of Technology (KIT), GermanyMin-Teh Yu, Providence University, Taiwan

M-104

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16:00~16:15 休息 Tea Break16:15~17:45(90 mins)

Panel Session ** Expression is faulty **. Application of Big Data Analysis in Financial StudiesChairperson: Henry Horng-Shing Lu, National Chiao Tung University, Taiwan

Panelists: 1. Nabil Adam, Vice Chancellor for Research & Collaborations and

Distinguished Professor, Rutgers University, USA2. Henry Horng-Shing Lu, National Chiao Tung University, Taiwan

M-116

Academic Session IX. Systemic Risk & Risk ManagementChairperson: Cathy Yi-Hsuan Chen, Humboldt-Universität zu Berlin, Germany and Chung-Hua University, Taiwan

1. Mutual Fund Crowding and Stock ReturnsXiaoya (Sara) Ding, University of San Francisco, USANicholas S. P. Tay, University of San Francisco, USALigang Zhong, University of Windsor, Canada

2. Systemic Risk and Interbank LendingLi-Hsin Sun, National Central University, Taiwan

3. Systemic Risk of Central SIFIsCathy Yi-Hsuan Chen, Humboldt-Universität zu Berlin, Germany and Chung-Hua University, Taiwan

M-115

Academic Session X. Accounting, Anomalies, and Capital Markets Chairperson: John K.C. Wei, Hong Kong Polytechnic University, Hong Kong

1. Is Static Q-Theory a Good Model to Explain Firm Growth Anomalies? Evidence From Returns To ScaleYanzhi (Andrew) Wang, National Taiwan University, Taiwan

2. The Oscar goes to…: Takeovers and Innovation EnvyI-Ju Chen, Yuan Ze University, TaiwanPo-Hsuan Hsu, University of Hong Kong, Hong KongMicah S. Officer, Loyola Marymount University, USAYanzhi (Andrew) Wang, National Taiwan University, Taiwan

3. Regulatory Arbitrage and Bank Financial Reporting Quality AbroadTai-Yuan Chen, Yi-Chun Chen, and Mingyi Hung, The Hong Kong University of Science and Technology, Hong Kong

4. Can Enhanced Shareholder Empowerment be Useful in a Weak Legal Environment?Kevin C.W. Chen and Nian Liu, The Hong Kong University of Science and Technology, Hong Kong

M-102

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Hongqi Yuan, Fudan University, China

5. The Effect of R&D Intensity on Relationship between Corporate Social Responsibility and Real Earnings Management: Evidence from U.S. Firms Amy Yueh-Fang Ho, National Chung Cheng University, Taiwan Yu-Wen Kao, Providence University, Taiwan

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Documents

第三屆交通大學財務金融國際研討會 · Web view2016/12/13 · Department of Information Management and Finance, National Chiao Tung University, Taiwan國立交通大學資訊管理與財務金融學系