photo
Name Chia-Fen Tsai
Title Associate Professor
Research Interests Behavior Corporate Finance, Household Finance, Asset allocation
Office 3014
Phone 4826
Email cftsai@mail.nsysu.edu.tw


Education 2011, Ph.D., Department of International Business, National Taiwan University
Experience 2012-02-01 ~ 2015-01-31, Department of Finance, Assistant Professor
Administrative Positions
2022-08-01 ~ , Office of student affairs, counseling and health service division
Academic Services 2024-02-01 ~ 2025-01-31, 海洋委員會, 政府資料開放諮詢小組第六屆委員
2021-02-01 ~ 2022-01-31, 海洋委員會, 政府資料開放諮詢小組 第三屆委員
Category Year Title
Journal Article 2023 Hui-Chu Shu, Jung-Hsien Chang, Chia-Fen Tsai, Cheng-Wen Yang (2023). Impacts of operational risks and corporate governance on corporate bond yield spreads:Evidence from Taiwan. Advances in Pacific Basin Business, Economics, and Finance, 11, 145-167. (SSCI)
Journal Article 2021 Chia-Fen Tsai, Jung-Hsien Chang, Feng-Tse, Tsai (2021). Lottery preferences and retail short selling. Pacific-Basin Finance Journal, 68, 1-27. (SSCI)
Journal Article 2018 Feng-Tse Tsai, Chia-Fen Tsai, Ping-Chao Wu (2018). The impact of CEOs` incentive and experience on corporate credit risk. International Journal of Management and Applied Science, 4(6), 57-61. (其他期刊)
Journal Article 2015 Chang, Tsangyao; Chia-Fen, Tsai (2015). Globalization and inflation nexus: further evidence based on bootstrap panel causality. Quantity & Quality, 49(2), 867-877. (SCI)
Journal Article 2014 Shih-Ping Feng, Chia-Fen Tsai and Tzu-Hui Pan (2014). Liquidity risk, default risk and stock returns. International Research Journal of Finance and Economics. International Research Journal of Finance and Economics, 128, 129-138. (其他期刊)
Journal Article 2012 Mao-Wei Hung, Yu-Jane Liu and Chia-Fen Tsai (2012). Managerial personal diversification and portfolio equity incentives. Journal of Corporate Finance, 18(1), 38-64. (SSCI)
Conference Paper 2019 Chia-Fen Tsaia, Feng-Tse Tsai, Ming-Ju Chiang (2019). Do Retail Short Sellers Profit from Investor Optimistic Sentiment?. The 27th Conference on the Theories and Practices of Securities and Financial Markets, Taiwan.
Conference Paper 2018 Tsai, Feng-Tse, Chia-Fen, Tsai, Ping-Chao, Wu (2018). The Impact of CEO’s Incentives and Experience on Corporate Credit Risk. International Conference on Economics and Social Sciences (ICESS), Hong Kong.
Conference Paper 2015 Mao-Wei Hung, Chia-Fen Tsai (2015). Employee optimism and stock bonus compensation. 2015臺灣財務金融學會年會暨國際研討會, Taiwan.
Conference Paper 2015 Mao-Wei Hung, Chia-Fen Tsai (2015). Employee optimism and stock bonus compensation. 如何使用台灣財金資料庫發表國際財務頂尖期刊-臺灣本土財金巨量資料整合與應用, Taiwan.
Conference Paper 2015 Mao-Wei Hung, Chia-Fen Tsai (2015). Employee optimism and stock bonus compensation. 財務金融管理特刊與實務論壇研討會, Taiwan.
Conference Paper 2014 Mao-Wei Hung, Chia-Fen Tsai (2014). Employee optimism and stock bonus compensation. The 14th FRAP Finance, Risk and Accounting Perspectives Conference, UK.
Conference Paper 2013 Mao-Wei Hung, Yu-Jane Liu, Chia-Fen Tsai, and Zing Zhu (2013). Firm-Specific Risk and Employees' Portfolio Choice. 海峽兩岸金融學術論壇, China.
Conference Paper 2012 Mao-Wei Hung, Yu-Jane Liu, Chia-Fen Tsai, and Zing Zhu (2012). Employer Stock Risk, Employee Income Risks, and Portfolio Choice: New Evidence from Taiwan. 海西區發展與兩岸經濟合作學術交流, China.
Conference Paper 2011 Mao-Wei Hung, Yu-Jane Liu, Chia-Fen Tsai, and Zing Zhu (2011). Employer Stock Risk, Employee Income Risks, and Portfolio Choice: New Evidence from Taiwan. 19rd SFM Conference, Taiwan.
Year Title
2022

賭博傾向與散戶融資買股. 國科會 (Most 111-241--H-110-074-)

2020

Ceo inside Debt Holdings and Employee-Friendly Treatment. Ministry of Science and Techonology (109-2410-H-110-023-)

2018

團體導向學習教學法在大班教學的實踐. 教育部

2018

Chinese Paternalistic Leadership and Succession Plans: the Role of Founders in Succession Processes and Family Firm Value Changes. MOST (107-2410-H-110-016)

2017

Managers’ Personal Risk Preference and Corporate Social Responsibility. MOST (106-2410-H-110-023-)

2016

Portfolio Choice and Asset Prices: the Importance of Industry Labor Income Risk. MOST (105-2410-H-110-016-)

2015

異質補償制度、年齡與股票投資組合決策. MOST (104-2410-H-110-087-)

2014

探討是否薪資補償制度影響股票投資決策. MOST (103-2410-H-110-080-)

Year Semester Required / Selected Department Course Code Course
112 2 Selected Department of Finance FM515 CORPORATE GOVERNANCE
112 2 Required EMBA EMBA901A ANALYSIS IN CORPORATE FINANCE
112 2 Selected Department of Finance FM901 METHODOLOGY FOR FINANCE
112 2 Required Department of Finance FM301 FINANCIAL STATEMENT ANALYSIS
112 1 Required Department of Finance FM202 FINANCIAL MANAGEMENT (I)
112 1 Selected College of Management CM406 INTRODUCTION TO FINANCIAL MANAGEMENT
112 1 Selected Department of Finance FM541 APPLICATIONS OF BEHAVIORAL FINANCE
111 2 Required Department of Finance FM301 FINANCIAL STATEMENT ANALYSIS
111 2 Required EMBA EMBA901A ANALYSIS IN CORPORATE FINANCE
111 2 Selected Department of Finance FM901 METHODOLOGY FOR FINANCE
111 2 Required Department of Finance FI605 INDEPENDENT STUDIES IN MASTER THESIS （II）
111 1 Required Department of Finance FM202 FINANCIAL MANAGEMENT (I)
111 1 Required Department of Finance FI604 INDEPENDENT STUDIES IN MASTER THESIS （I）
111 1 Selected 跨院選修(管) GEAI1457 INTRODUCTION TO FINANCIAL MANAGEMENT
111 1 Selected Department of Finance FM517 MODERN PORTFOLIO THEORY AND INVESTMENT STRATEGY
111 1 Selected College of Management CM406 INTRODUCTION TO FINANCIAL MANAGEMENT
111 1 Selected 跨院選修(管) GEAI1451 FINANCIAL STATEMENT ANALYSIS
111 1 Selected Department of Finance FM541 APPLICATIONS OF BEHAVIORAL FINANCE
111 1 Selected College of Management CM408 FINANCIAL STATEMENT ANALYSIS
110 2 Required EMBA EMBA901A ANALYSIS IN CORPORATE FINANCE
110 2 Required Department of Finance FI605 INDEPENDENT STUDIES IN MASTER THESIS （II）
110 2 Selected Department of Finance FM901 METHODOLOGY FOR FINANCE
110 2 Required Department of Finance FM301 FINANCIAL STATEMENT ANALYSIS
110 1 Required Department of Finance FI604 INDEPENDENT STUDIES IN MASTER THESIS （I）
110 1 Selected 跨院選修(管) GEAI1451 FINANCIAL STATEMENT ANALYSIS
110 1 Selected Department of Finance FM517 MODERN PORTFOLIO THEORY AND INVESTMENT STRATEGY
110 1 Selected College of Management CM408 FINANCIAL STATEMENT ANALYSIS
110 1 Selected Department of Finance FM541 APPLICATIONS OF BEHAVIORAL FINANCE
110 1 Required Department of Finance FM202 FINANCIAL MANAGEMENT (I)
Year Name Degree Title
2023 M104030021
2022 CHUANG CHUNG LING Master Exploring Carbon Emission Policies of Taiwan's Steel Industry
2022 Jia-Cheng Liu Master Do Herd Behavior and Management Ability Affect Fund Performance
2022 Chia-Ming Chang Master The Study on the Behavior of Margin-Buying Traders
2022 En-Szu Lin Master The Impact of Interest Rates, Ownership Structure (State-Owned and Private), and Diversification on Banks' Performance: Evidence from Taiwan
2022 Quan-Pei Liang Master The Co-movement of Investors' Attention and Stock Returns in Taiwan
2022 Yu Wang Master Premium Phenomenon and Investor Sentiment in Taiwan ETFs
2022 Jing-Tyng Huang Master The Impact of Investor Sentiment on the Stock Market Response to Revenues Announcements
2021 Wei-Ting Hsu Master Corporate cash holdings and corporate governance in the family firm
2021 Yu-Hsuan Wang Master The influence of directors' shareholding and stock pledges on corporate innovation.
2021 Wen-Hsuan Huang Master The Relationship between Female Directors and Firm Financial Performance：The Mediating Mechanism of CSR
2021 Po-Cheng Huang Master The Impact of the COVID-19 Pandemic on Cash Holdings and Firm Performance.
2021 Ping-Yu Wu Master Relatives Successors in Family Business and Overconfidence
2021 Cong-Ren Yang Master The Market Reaction of Corporate Governance in Taiwan-The Event Study Analysis
2020 He-Lun Lin Master The Study of Shorting Investors and Disposition Effect
2020 Bo Siang Zheng Master The relationship between Accrual-based and Real Earning Management and Bank Loan Spread
2020 Chia-Yu Chen Master The Effects of Carbon Disclosure, Carbon Emissions and Carbon Intensity on the Cost of Bank Lending
2020 Hung-Ju Wu Master Relationships between Managements’ Turnover, Independent Directors’ Turnover and Loan Interest Rates
2019 Yu-Hsuan Lin Master Do Abnormal Returns Exist in Stocks of Companies with Better Corporate Social Responsibilities?
2019 Jui-Shan Hsu Master Investors Attentions and the Abnormal Return Patterns During Sales Announcement of Taiwanese Stock Market
2019 Jia-Wen Huang Master Discussion on the trading behavior of individual investors
2019 Yu-Ting Shiu Master How does employee treatment affect innovation and performance
2019 Po-Chang Chiu Master Analysis of POSCO & CSC's business strategies and financial statements
2019 Ming-Hung Lin Master Corporate Governance and the Announcement Effect of capital reduction
2018 Ming-Ju Chiang Master An Empirical Study on the Trading Behavior of Short-sellers in Taiwan Stock Market
2018 Chia-Tzu Lin Master The Operation and Development of Banking industry from Corporate Social Responsibility Reports
2018 Shu-Han Lo Master Employee Investment in Family Firm
2018 Tzu-Chieh Wang Master A study on the relationship between bank performance and internal control through punishment cases of FSC.
2018 Chia-Wei Hsu Master The impact of presidential election on institutional ownership in Taiwan
2018 Ya-Ling Kung Master The impaction of financial ties on business performance in the construction industry
2018 Guan-Ci Wu Master Does political relationship affect corporate investment behavior : Evidence from Taiwan
2018 LIN-CHIEN WEI Master The Abnormal Stock Returns and Short Selling Activities of Convertible Bonds Issuance
2017 Mei-ling Chao Master A Case Study on the Stock Transferring of Company's Insiders Induced by the Change of the Estate and Gift Tax
2017 Chien-Ju Liao Master The Impact of Ownership Structure on Price Synchronicity
2017 Wei-chen Hsu Master The Influences of the Establishment and Quality of Compensation Committee on Managers' Earnings Management
2017 Yi-chun Lin Master Applying Decision Tree to Optimize Online Trading Audit Strategy.
2017 Ya-Wen Cheng Master Fulfill Tax Justice - Potentially Hampering the Taxation of the Licence Tax
2017 Yi-Chun Hsieh Master A Study on Relationship between Ownership Structures of Family Firms and Related Party Transactions
2017 Cheng-Hao Li Master Relationships between Political Connections, Corporate Social Responsibility and Cost of Long-Term Bank Loan
2017 Yen-Hsiang Huang Master The study on M&A behavior of Family and nonfamily firm - Listed companies in Taiwan
2016 Mei-ling Chao Master A Case Study on the Stock Transferring of Company's Insiders Induced by the Change of the Estate and Gift Tax
2016 Chien-ming Lee Master A Study on the Characteristics and Liquidation of Domestic Funds
2016 Hung-Yu Hsu Master The Study of Relationship between Issuance of Convertible Bonds and Corporate Goveranance
2016 Wen-ting Wu Master The Effect of Investor Sentiment on Volatility Anomaly in Taiwan Stock Market
2016 Hsin-lien Yeh Master The Information Content of Monthly Revenue,Investor Sentiment and Stock Returns
2016 Yan-hua Chen Master A Practicability Study on the Expansion of Stainless Steel Industry：A Case Study of A Company
2016 Pei-syuan Guo Master Under the Paternalistic Leadership, the Family Business Succession Plan
2015 Dou-Jin Tsai Master Permanent income shock and the cross-section of expected stock returns
2015 Yu-ling Liu Master Firm Size, Information Transfer and Revenue Announcement Price Response
Year Title Awarding Organization
2024 全校教學傑出教師 中山大學
2022 全校優良導師 中山大學
2022 指導科技部大專生研究計畫榮獲年度研究創作獎 國科會
2020 指導科技部大專生研究計畫榮獲年度研究創作獎 科技部
2020 全校優良導師 中山大學
2020 全校教學績優教師 中山大學
2019 Fubon Life Management Doctor and Master Thesis Award (Finance & Risk Management) (Mentor) Chinese Management Association/ Fubon Life Insurance Co., Ltd.
2019 Fubon Life Management Doctor and Master Thesis Award (Finance & Risk Management) (Mentor) Chinese Management Association/ Fubon Life Insurance Co., Ltd.
2019 全校教學績優老師 中山大學
2019 College Teaching Excellence Award National Sun Yat-sen University
2018 TSC Thesis Award (Mentor) Taiwan AOM/ TOPCO SCIENTIFIC CO., LTD
2018 University Distinguished Mentor Awards National Sun Yat-sen University
2017 Fubon Life Management Doctor and Master Thesis Award (Finance & Risk Management) (Mentor)( Chinese Management Association
2017 TSC Thesis Award (Mentor) Taiwan AOM/ TOPCO SCIENTIFIC CO., LTD
2017 逸仙新進管理學者獎 中山大學管理學院
Period Activity Description Role
2016-03-15 ~ 2016-03-15 高三模擬面試-財經&管理B 演講 主講者
2019-03-11 ~ 2019-03-11 高三書審資料及面試技巧準備 演講 主講者
2020-03-09 ~ 2020-03-09 高三書審資料及面試技巧準備 演講 主講者
2021-03-15 ~ 2021-03-15 高三書審資料及面試技巧準備 演講 主講者
2023-03-27 ~ 2023-03-27 * * *