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PhD Finance Alumni Research

2013

E. Han Kim and P. Ouimet, Broad-based Employee Stock Ownership: Motives and Outcomes, Journal of Finance, forthcoming.

E. Han Kim and A. Purnanandam, Seasoned Equity Offerings, Corporate Governance, and Investments, Review of Finance, forthcoming.

E. Han Kim and Yao Lu, Corporate Governance Reforms around the World and Cross-border Acquisitions, Journal of Corporate Finance 22, 236 – 253.

Kee H. Chung and Hao Zhang, A Simple Approximation of Intraday Spreads Using Daily Data, Journal of Financial Markets, forthcoming.

Chun Keung Hoi, Qiang Wu and Hao Zhang, Is Corporate Social Responsibility (CSR) Associated with Tax Avoidance? Evidence from Irresponsible CSR Activities. The Accounting Review, forthcoming.

Nan-Ting Kuo and Cheng-Few Lee, Effects of dividend tax and signaling on firm valuation: Evidence from taxable stock dividend announcements, Pacific-Basin Finance Journal 25, 157-180.

Cheng-Feng Lee, Te-Chung Hu, Ping-Cheng Li, Ching-Chuan Tsong, Asymmetric Behavior of Unemployment Rates: Evidence from the Quantile Covariate Unit Root Test, Japan and the World Economy 28, 72-84.

Cheng-Few Lee, Nan-Ting Kuo, Effects of ultimate ownership structure and corporate tax on capital structures: Evidence from Taiwan, International Review of Economics & Finance, forthcoming.

Paul Chiou and Cheng-Few Lee, Do investors still benefit from culturally home-biased diversification? An empirical study of China, Hong Kong, and Taiwan, Review of Quantitative Finance and Accounting 40(2), 341-381.

Cheng-Few Lee, Chiung-Min Tsai, Alice C Lee, Asset pricing with disequilibrium price adjustment: theory and empirical evidence, Quantitative Finance 13(2), 2013.

Hai-Chin Yu, Ben J Sopranzetti, Cheng-Few Lee, The impact of banking relationships, managerial incentives, and board monitoring on corporate cash holdings: an emerging market perspective, Review of Quantitative Finance and Accounting, forthcoming.

Chengru Hu, Wei Jiang and Cheng-few Lee, Managerial flexibility and the wealth effect of new product introductions, Review of Quantitative Finance and Accounting 41(2), 273-294.

Yi-Cheng Shih, Sheng-Syan Chen, Cheng-Few Lee and Po-Jung Chen, The evolution of capital asset pricing models, Review of Quantitative Finance and Accounting, forthcoming.

Cheng-Few Lee, Teri Lombardi Yohn and Charles Trzcinka, Recap of the 22nd annual conference on financial economics and accounting, November 18, 2011 to November 19, 2011, Review of Quantitative Finance and Accounting, forthcoming.

2012

Carl Hsin-han Shen and Hao Zhang, CEO Risk Incentives and Firm Performance Following R&D Increases, Journal of Banking and Finance 37(4), 1176-1194.

Lemma W. Senbet, and Tracy Yue Wang, Corporate Financial Distress and Bankruptcy: A Survey, Foundations and Trends(R) in Finance 5(4), 243-335.

Cheng-Few Lee and Daniel Weaver, Recap of the 20th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management, Review of Pacific Basin Financial Markets and Policies, 15(4), 1-17.

Ching-Chuan Tsong and Cheng-Feng Lee, Quantile cointegration analysis of the Fisher hypothesis, Journal of Macroeconomics 35, 186-198.

I-Chun Tsai, Cheng-Feng Lee, Ming-Chu Chiang, The asymmetric wealth effect in the US housing and stock markets: evidence from the threshold cointegration model, The Journal of Real Estate Finance and Economics 45(4), 1005-1020.

Lie-Jane Kao and Cheng-Few Lee, Alternative Method For Determining Industrial Bond Ratings: Theory And Empirical Evidence, International Journal of Information Technology & Decision Making 11(6), 1215-1235.

Cheng-Few Lee and Jung-Bin Su, Alternative statistical distributions for estimating value-at-risk: theory and evidence, Review of Quantitative Finance and Accounting 39(3), 309-331.

Ching-Chuan Tsong, Cheng-Few Lee and Chien-chiang Lee, A Revisit to the Stationary of OECD Inflation: Evidence from Panel Unit Root Tests and the Covariate Point Optimal Test, Japanese Economic Review 63(3), 380-396.

Jianping Li, Gang Li, Dongxia Sun and Cheng-Few Lee, Evolution strategy based adaptive Lq penalty support vector machines with Gauss kernel for credit risk analysis, Applied Soft Computing 12(8), 2675-2682.

Emily Lin, Cheng-Few Lee and Kehluh Wang, Futures mispricing, order imbalance, and short-selling constraints, International Review of Economics & Finance 25, 408-423.

Cheng-Feng Lee, Ching-Chuan Tsong, A revisit on real interest rate parity hypothesis–simulation evidence from efficient unit root tests, Applied Economics 44(24), 3089-3099.

Hai-Chin Yu, Ben J Sopranzetti and Cheng-Few Lee, Multiple banking relationships, managerial ownership concentration and firm value: A simultaneous equations approach, The Quarterly Review of Economics and Finance 52(3), 286-297.

Ching-Chuan Tsong and Cheng-Feng Lee, Re-examining the Fisher Effect: An Application of Small Sample Distributions of the Covariate Unit Root Test, Global Economic Review 41(2), 189-207.

ChengFeng Lee and Ching‐Chuan Tsong, Bootstrapping covariate unit root tests: an application to inflation rates, Bulletin of Economic Research 65, 165-175.

Cheng-Few Lee and Kehluh Wang, Recap of the 19th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management, Review of Pacific Basin Financial Markets and Policies 15(1), 1-31.

Lie-Jane Kao, Po-Cheng Wu and Cheng-Few Lee, Time-changed GARCH versus the GARJI model for prediction of extreme news events: An empirical study, International Review of Economics & Finance 21(1), 115-129.

Ming-Chu Chiang, I-Chun Tsai and Cheng-Feng Lee, The Downside Risk of US and UK Housing Markets, Journal of Real Estate Portfolio Management 18(3), 257-272.

I Tsai and Cheng-Feng Lee, The convergent behavior in REIT markets, Journal of Property Investment and Finance 30(1), 42-57.

Ching‐Chuan Tsong and ChengFeng Lee, Further Evidence on Real Interest Rate Equalization: Panel Information, Non‐Linearities and Structural Changes, Bulletin of Economic Research 65, 85-105.

Hong-Yi Chen, Manak C Gupta, Alice C Lee and Cheng-Few Lee, Sustainable growth rate, optimal growth rate, and optimal payout ratio: A joint optimization approach, Journal of Banking & Finance 37(4), 1205-1222.

2011

E. Han Kim and Yao Lu, CEO Ownership, External Governance, and Risk-taking, Journal of Financial Economics 102(2), 272-292.

E. Han kim and Yao Lu, Is Chief Executive Officer Power Bad? Asia-Pacific Journal of Financial Studies 40(4), 495 – 516.

Kee H. Chung and Hao Zhang, Corporate Governance and Institutional Ownership, Journal of Financial and Quantitative Analysis 46 (1), 247-273.

Franklin Allen, Isaac Otchere, and Lemma W. Senbet, African financial systems: A review, Review of Development Finance 1(2), 79-113.

CC Tsong, Cheng-Few Lee, Asymmetric inflation dynamics: evidence from quantile regression analysis, Journal of Macroeconomics 33 (4), 668-680.

Cheng-Few Lee, C Tsong, Do real interest rates really contain a unit root? More evidence from a bootstrap covariate unit root test, Pacific Economic Review 16 (5), 616-637.

Cheng-Few Lee, Y Shi, J Li, Recap of 18th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management, Review of Pacific Basin Financial Markets and Policies 14 (04), 751-779.

Cheng-Few Lee, Recap of the 21st annual conference on financial economics and accounting, November 12, 2010 to November 13, 2010, Review of Quantitative Finance and Accounting 37 (4), 531-540.

SY Wang, Cheng-Few Lee, Fuzzy multi-criteria decision-making for evaluating mutual fund strategies, Applied Economics 43 (24), 3405-3414.

Cheng-Few Lee, R Chomvilailuk, Recap of the 17th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management and the 3rd International Conference on Business in Asia (iCBA), Review of Pacific Basin Financial Markets and Policies 14 (03), 601-616.

Cheng-Few Lee, MC Gupta, HY Chen, AC Lee, Optimal payout ratio under uncertainty and the flexibility hypothesis: Theory and empirical evidence, Journal of Corporate Finance 17 (3), 483-501.

Cheng-Few Lee, CC Tsong, Covariate selection for testing purchasing power parity, Applied Economics 43 (15), 1923-1933.

PY Chu, Cheng-Few Lee, YS Yuen, Innovative business models in semiconductor foundry industry: From silicon intellectual property perspectives, International Journal of Information Technology & Decision Making 10 (03), 411-433.

C Chiao, W Hung, Cheng-Few Lee, Institutional Trading and Opening Price Behavior: Evidence From A Fast-Emerging Market, Journal of Financial Research 34 (1), 131-154.

HY Chen, Cheng-Few Lee, T Tai, K Wang, Fiscal and Monetary Policies in Reaction to the Financial Tsunami by the Taiwanese Government, Review of Pacific Basin Financial Markets and Policies 14 (01), 153-169.

MC Chiang, I Tsai, Cheng-Few Lee, Fundamental indicators, bubbles in stock returns and investor sentiment, The Quarterly Review of Economics and Finance 51 (1), 82-87.

2010

Filbeck, G., R. Gorman, D. Parente, X. Zhao.  Good to Great:  Lessons for Managers.  Management Research Review 33(12).

Michael Faulkender, Dalida Kadyrzhanova, N. Prabhala and Lemma W. Senbet, Executive Compensation: An Overview of Research on Corporate Practices and Proposed Reforms, Journal of Applied Corporate Finance 22(1), 107-118.

C Tsong, Cheng-Few Lee, Testing for stationarity of inflation rates with covariates, South African Journal of Economics 78 (4), 344-362.

W Hung, CC Lu, Cheng-Few Lee, Mutual fund herding its impact on stock returns: Evidence from the Taiwan stock market, Pacific-Basin Finance Journal 18 (5), 477-493.

Cheng-Few Lee, Second decade review of the annual conference on financial economics and accounting, Review of Quantitative Finance and Accounting 35 (3), 335-370.

Cheng-Few Lee, Testing for unemployment hysteresis in nonlinear heterogeneous panels: International evidence, Economic Modelling 27 (5), 1097-1102.

B Jaggi, JP Winder, Cheng-Few Lee, Is There a Future for Fair Value Accounting After the 2008–2009 Financial Crisis?, Review of Pacific Basin Financial Markets and Policies 13 (3), 469-493.

SY Wang, Cheng-Few Lee, A fuzzy real option valuation approach to capital budgeting under uncertainty environment, International Journal of Information Technology & Decision Making 9 (5), 695-713.

Cheng-Few Lee, FL Lin, ML Chen, International hedge ratios for Index Futures Market: A simultaneous equations approach, Review of Pacific Basin Financial Markets and Policies 13 (2), 203-213.

CC Yang, Cheng-Few Lee, YX Gu, YW Lee, Co-determination of capital structure and stock returns—A LISREL approach: An empirical test of Taiwan stock markets, The Quarterly Review of Economics and Finance 50 (2), 222-233.

CC Chang, RJ Ho, Cheng-Few Lee, Pricing credit card loans with default risks: a discrete-time approach, Review of Quantitative Finance and Accounting 34 (4), 413-438.

WJP Chiou, AC Lee, Cheng-Few Lee, Stock return, risk, and legal environment around the world, International Review of Economics & Finance 19 (1), 95-105.

2009

E. Han Kim, A. Morse and L. Zingales, Are Elite Universities Losing their Competitive Edge? Journal of Financial Economics 93(3), 353 – 381.

J. Atanassov and E. Han Kim, Labor and Corporate Governance: International Evidence from Restructuring Decisions, Journal of Finance 64(1), 341-374.

E. Han Kim, Corporate Governance and Labor Relations, Journal of Applied Corporate Finance 21(1), 57-66.

Filbeck, G., R. Gorman, X. Zhao, Identifying the Best Companies for Leaders:  Does it Lead to Higher Returns, Managerial and Decision.

Filbeck, G., R. Gorman, X. Zhao.  The "Best Corporate Citizens”:  Are They Good for Their Shareholders?  Financial Review 44(2), 239-262.

Amar Gande, Christoph Schenzler, Lemma W. Senbet, Valuation effects of global diversification, Journal of International Business Studies 40(9), 1515-1532.

Cheng-Few Lee, Kehluh Wang, Yan Long Chen, Hedging and optimal hedge ratios for international index futures markets, Review of Pacific Basin Financial Markets and Policies 12(4), 593-610.

Cheng-Feng Lee, Ching-Chuan Tsong, Bootstrapping covariate stationarity tests for inflation rates, Economic Modelling 26(6), 1443-1448.

Ruey‐Ching Hwang, KF Cheng, ChengFew Lee, On multiple‐class prediction of issuer credit ratings, Applied Stochastic Models in Business and Industry 25(5), 535-550.

Bi-Huei Tsai, Cheng-Few Lee, Lili Sun, The impact of auditors' opinions, macroeconomic and industry factors on financial distress prediction: An empirical investigation, Review of Pacific Basin Financial Markets and Policies 12(3), 417-454.

Ahmed Hachicha, Cheng-Few Lee, Are structural VARs with long-run restrictions useful for developing monetary policy strategy in Egypt? Review of Pacific Basin Financial Markets and Policies 12(3), 509-527.

Kin-Wai Lee, Cheng-Few Lee, Cash holdings, corporate governance structure and firm valuation, Review of Pacific Basin Financial Markets and Policies 12(3), 475-508.

Cheng-Few Lee, Chiung-Min Tsai, Alice C Lee, A dynamic CAPM with supply effect: Theory and empirical results, The Quarterly Review of Economics and Finance 49(3), 811-828.

Cheng-Few Lee, Recap of the 19th annual conference on financial economics and accounting, November 14, 2008 to November 15, 2008, Review of Quantitative Finance and Accounting 33(1), 83-90.

Cheng-Few Lee, Kin-Wai Lee, Gillian Hian-Heng Yeo, Investor protection and convertible debt design, Journal of Banking & Finance 33(6), 985-995.

Cheng-Few Lee, Tim Robinson, Mark Christensen, Recap of 16th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management, Review of Pacific Basin Financial Markets and Policies 12(2), 361-375.

Jen-Hung Huang, Hyley Huang, Cheng-Few Lee, The relationship between European convertible bond issues and corporate governance: A study of electronics companies in Taiwan, Review of Pacific Basin Financial Markets and Policies 12.(2), 309-359.

Ren-Raw Chen, Cheng-Few Lee, Han-Hsing Lee, Empirical performance of the constant elasticity variance option pricing model, Review of Pacific Basin Financial Markets and Policies 12(2), 177-217.

Wan-Jiun Paul Chiou, Alice C Lee, Cheng-Few Lee, Variation in stock return risks: an international comparison, Review of Pacific Basin Financial Markets and Policies 12(2), 245-266.

Chingfu Chang, Alice C Lee, Cheng-Few Lee, Determinants of capital structure choice: A structural equation modeling approach, The Quarterly Review of Economics and Finance 49(2), 197-213.