{"id":1348,"date":"2023-05-28T12:37:04","date_gmt":"2023-05-28T04:37:04","guid":{"rendered":"https:\/\/fin2.mcu.edu.tw\/%e6%95%99%e5%b8%ab%e6%88%90%e6%9e%9c\/"},"modified":"2026-01-20T23:22:45","modified_gmt":"2026-01-20T15:22:45","slug":"%e6%95%99%e5%b8%ab%e6%88%90%e6%9e%9c","status":"publish","type":"page","link":"https:\/\/fin.mcu.edu.tw\/en\/%e6%95%99%e5%b8%ab%e6%88%90%e6%9e%9c\/","title":{"rendered":"Faculty Research Outcomes"},"content":{"rendered":"<div id=\"cs-content\" class=\"cs-content\"><div class=\"x-section e1348-1 m11g-0\"><div class=\"x-row x-container max width e1348-2 m11g-1 m11g-2\"><div class=\"x-row-inner\"><div class=\"x-col e1348-3 m11g-4 m11g-5 m11g-6\"><hr class=\"x-line e1348-4 m11g-9 m11g-a\"><\/hr><\/div><div class=\"x-col e1348-5 m11g-5 m11g-6 m11g-7\"><div class=\"x-text x-text-headline e1348-6 m11g-c\"><div class=\"x-text-content\"><div class=\"x-text-content-text\"><h1 class=\"x-text-content-text-primary\"><pre><span style=\"font-family: 'Noto Serif TC', serif;font-size: 2em;font-weight: bold;color: #000000\">Faculty Research Outcomes<\/span><\/pre><\/h1><\/div><\/div><\/div><\/div><div class=\"x-col e1348-7 m11g-4 m11g-5 m11g-6\"><hr class=\"x-line e1348-8 m11g-9 m11g-a\"><\/hr><\/div><\/div><\/div><div class=\"x-row x-container max width e1348-9 m11g-1 m11g-3\"><div class=\"x-row-inner\"><div class=\"x-col e1348-10 m11g-4 m11g-5 m11g-8\"><div class=\"x-tabs e1348-11 m11g-d\" data-x-element=\"tabs\"><div class=\"x-tabs-list\"><ul role=\"tablist\"><li role=\"presentation\"><button id=\"tab-e1348-12\" class=\"e1348-12 x-active\" role=\"tab\" aria-selected=\"true\" aria-controls=\"panel-e1348-12\" data-x-toggle=\"tab\" data-x-toggleable=\"tab-item-e1348-12\" data-x-toggle-group=\"tab-group-e1348-11\"><span ><strong><font size=\"+1\" color=\"black\">NSTC Project<\/font><\/strong><\/span><\/button><\/li><li role=\"presentation\"><button id=\"tab-e1348-13\" class=\"e1348-13\" role=\"tab\" aria-selected=\"false\" aria-controls=\"panel-e1348-13\" data-x-toggle=\"tab\" data-x-toggleable=\"tab-item-e1348-13\" data-x-toggle-group=\"tab-group-e1348-11\"><span ><strong><font size=\"+1\" color=\"black\">Honor Roll<\/font><\/strong><\/span><\/button><\/li><\/ul><\/div><div class=\"x-tabs-panels\"><div id=\"panel-e1348-12\" class=\"x-tabs-panel e1348-12 x-active\" role=\"tabpanel\" aria-labelledby=\"tab-e1348-12\" aria-hidden=\"false\" data-x-toggleable=\"tab-item-e1348-12\"><h5><span style=\"color: #000080\"><strong>2024<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>Forecasting VIX futures returns and enhancement of portfolio performance.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Liao, Tzu-Hsiang<\/p>\n<\/td>\n<td>\n<p>Application of time-varying lag cointegration in futures hedging.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>Asymmetric commonality in liquidity and asset pricing.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Yu Chun<\/p>\n<\/td>\n<td>\n<p>Share pledging and external financing.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2023<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>An Analysis of the extension of Amihud's illiquidity premium.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Zi-May<\/p>\n<\/td>\n<td>\n<p>The study of sales cycle and return seasonality in Taiwan stock market.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Choo, Min-Rui<\/p>\n<\/td>\n<td>\n<p>Organizational capital and stock price crash risk.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Yu Chun<\/p>\n<\/td>\n<td>\n<p>Share pledging and short selling.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2022<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>Return seasonalities: Overnight or daytime returns?<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Zi-May<\/p>\n<\/td>\n<td>\n<p>The study of speculative sentiment, day trading and excess comovement of stock returns in Taiwan stock market.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Yu-Chun<\/p>\n<\/td>\n<td>\n<p>Share pledging, corporate social responsibility, and corporate governance.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lu, Yang-Cheng<\/p>\n<\/td>\n<td>\n<p>The pricing power of ESG and its embedded carbon risk factors, alpha of momentum effects and their application in the construction of ESG smart beta strategies - Taiwan stock market empirical research.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Choo, Min-Rui<\/p>\n<\/td>\n<td>\n<p>Economic surprises and institutional herding: Evidence from Taiwan.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2021<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>The tail spillover of implied volatility and the return of index futures.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Zi-May<\/p>\n<\/td>\n<td>\n<p>The relationship between the auction mechanism and the market performance in Taiwan stock market.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Yu-Chun<\/p>\n<\/td>\n<td>\n<p>The share pledge and the information content of stock prices.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee,\u00a0Yun Chi<\/p>\n<\/td>\n<td>\n<p>The impact of the proxy fights and the shareholder structure on the dividend payout policyes of banks<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2020<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>The overnight return for industry ETFs and market-wide returns<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Yu-Chun<\/p>\n<\/td>\n<td>\n<p>Share pledging and the cost of bank loans<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2019<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>Institutional ownership and effectiveness of technical analysis<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Zi-May<\/p>\n<\/td>\n<td>\n<p>Lottery demand, monthly revenue announcement and modified MAX effect in Taiwan stock market<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Yu-Chun<\/p>\n<\/td>\n<td>\n<p>Share pledging, corporate risk-taking, and stock price crash risk<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lu, Yang-Cheng<\/p>\n<\/td>\n<td>\n<p>Do Analyst Recommendations in Taiwan Psychologically Anchor on Media Coverage and Media Sentiment\uff1f Abnormal Return Testing and Investment Management Application<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2018<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p><span>Liao, Tzu-Hsiang <\/span><\/p>\n<\/td>\n<td>\n<p><span>Stock Options and the Skewness of Stock Returns<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p><span>Lee, Yun Chi <\/span><\/p>\n<\/td>\n<td>\n<p><span>Strategic Intention and Outcomes of Early-Stage and Later-Stage Vc Investments<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p><span>Lee, Hsiu-Chuan <\/span><\/p>\n<\/td>\n<td>\n<p><span>Market Uncertainty, Investor Attention, and Stock-Bond Relation<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p><span>Wang, Zi-May<\/span><\/p>\n<\/td>\n<td>\n<p><span>The Study of Gambling Preference, Trading Behavior and Return Comovement among Lottery-Like Stocks in Taiwan Stock<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p><span>Wang, Yu Chun<\/span><\/p>\n<\/td>\n<td>\n<p><span>Share Pledging and the Choice between Dividends and Stock Repurchases<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p><span>Lu, Yang-Cheng<\/span><\/p>\n<\/td>\n<td>\n<p><span>Securities Firms Recommendation Releases, Analysts Genres, Media Responds and Stock Returns<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p><span>Tsai, Ying-Che<\/span><\/p>\n<\/td>\n<td>\n<p><span>Health,Income, and the Origins of Inequality on the Basis of Nhi Panel Cohort Data <\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2017\u00a0<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Liao, Tzu-Hsiang<\/p>\n<\/td>\n<td>\n<p>52-week high price and institutional trading behavior in the U.S. and Taiwan futures markets<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>Weighted Information Criterion Estimator for Quantile Regression Models<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>Psychological anchors of stock markets and currency price behavior. Ministry of Science and Technology<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Yu-Chun<\/p>\n<\/td>\n<td>\n<p>Share Pledging, Stock Repurchases, and the Value of Cash Holdings<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Sheu, Her-Jiun<\/p>\n<\/td>\n<td>\n<p>A Qualitative Research of Analyst Report and Media Coverage on SEO Event<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2016<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee,\u00a0Yun Chi<\/p>\n<\/td>\n<td>\n<p>Do firms staying private longer have better innovation after the IPO?<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Sheu, Her-Jiun<\/p>\n<\/td>\n<td>\n<p>Analyst Coverage, Corporate Governance and Corporate Financing<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Lie-Huey<\/p>\n<\/td>\n<td>\n<p>Analyst coverage and fundamentals: Do domestic and foreign securities houses based upon different criteria to choose following firms?<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee,\u00a0Yun Chi<\/p>\n<\/td>\n<td>\n<p>The impact of venture capital reputation and pre-IPO valuation on IPO issuers<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee,\u00a0 Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>Risk-neutral skewness and index futures returns: The role of institutional investor sentiment in the futures market<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2015<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>Model Averaging in Quantile Regression<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang,\u00a0Yu Chun<\/p>\n<\/td>\n<td>\n<p>Pledged Shares and Firm Value: Effect of Regulation Change<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Liao, Tzu-Hsiang<\/p>\n<\/td>\n<td>\n<p>Study of skewness extracted from index and stock options<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>Impact of funding liquidity on trading volume, liquidity, and return of the currency carry-trade ETF<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Zi-May<\/p>\n<\/td>\n<td>\n<p>The study of analyst recommendations on the cable television, attention shock and short selling<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Zhang, Tai-Wei<\/p>\n<\/td>\n<td>\n<p>A study on buybacks for transferring shares to employees<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lu, Yang-Cheng<\/p>\n<\/td>\n<td>\n<p>The Effect of Media Attention on Corporate Governance and Market Performance- A Case Study of Seasoned Equity Offerings<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2014<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>Stock Liquidity Distributions and Commonality in Liquidity<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Zi-May<\/p>\n<\/td>\n<td>\n<p>Information transparency on the closing session, order submission behavior and market performance<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Liao, Tzu-Hsiang<\/p>\n<\/td>\n<td>\n<p>Investment Sentiment and the Liquidity of Stock Options<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lu, Yang-Cheng<\/p>\n<\/td>\n<td>\n<p>Let Machines Read Big News \u2013 Financial Linguistic Analysis Engine, Corporate Value and Risk Evaluation(2\/3)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>2013<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\">\n<p><strong>\u00a0<\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>PROJECT LEADER<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>PROJECT NAME<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Wang, Zi-May<\/p>\n<\/td>\n<td>\n<p>Information transparency on the closing session and market performance: evidence from the Taiwan stock market<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>Spillovers of Price Returns and Investor Sentiment<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Liao, Tzu-Hsiang<\/p>\n<\/td>\n<td>\n<p>Investor Sentiment and Credit Spreads<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lu, Yang-Cheng<\/p>\n<\/td>\n<td>\n<p>Are Magnet Effects of Price Limits Caused by Uninformed Traders? A Multinomial Logit Analysis on Trade and Quote Data with Investor Types of Taiwan Stock Exchange<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Chang, Shu-Lien<\/p>\n<\/td>\n<td>\n<p>The Strategy of Marketing the Cultural Creative Derivatives - Using perceived value theory<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>Lu, Yang-Cheng<\/p>\n<\/td>\n<td>\n<p>Let Machines Read Big News \u2013 Financial Linguistic Analysis Engine, Corporate Value and Risk Evaluation(1\/3)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span>\u00a0<\/span><\/p><\/div><div id=\"panel-e1348-13\" class=\"x-tabs-panel e1348-13\" role=\"tabpanel\" aria-labelledby=\"tab-e1348-13\" aria-hidden=\"true\" data-x-toggleable=\"tab-item-e1348-13\"><h5><span style=\"color: #000080\"><strong>Oustanding Class Advisor<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\"><\/td>\n<td width=\"20%\">\n<p><strong>Year <\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>Professor <\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Award<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2024 Academic Year<\/p>\n<\/td>\n<td>\n<p>Chiu, Li-Ching<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr><\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2023 Academic Year<\/p>\n<\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>University-wide Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Choo, Min-Rui<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2022 Academic Year<\/p>\n<\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Tsai, Ying-Che<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2021 Academic Year<\/p>\n<\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Chiu, Li-Ching<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2020 Academic Year<\/p>\n<\/td>\n<td>\n<p>Hsu, Chih-Hsiang<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Lee, Yun Chi<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2019 Academic Year<\/p>\n<\/td>\n<td>\n<p>Hsu, Chih-Hsiang<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Huang, Kuo-Cheng<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2018 Academic Year<\/p>\n<\/td>\n<td>\n<p>Hsu, Chih-Hsiang<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Yao, Min-Li<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Lee, Yun Chi<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2017 Academic Year<\/p>\n<\/td>\n<td>\n<p>Liao, Tzu-Hsiang<\/p>\n<\/td>\n<td>\n<p>University-wide Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Lee, Yun Chi<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Huang, Kuo-Cheng<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Tsai, Ying-Che<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2016 Academic Year<\/p>\n<\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Chiu, Li-Ching<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2015 Academic Year<\/p>\n<\/td>\n<td>\n<p>Wang, Yu Chun<\/p>\n<\/td>\n<td>\n<p>University-wide Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>University-wide Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Wu, Man-Hwa<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Chiu, Li-Ching<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Liao, Tzu-Hsiang<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2014 Academic Year<\/p>\n<\/td>\n<td>\n<p>Wu, Man-Hwa<\/p>\n<\/td>\n<td>\n<p>University-wide Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Wang, Lie-Huey<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Wang, Zi-May<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2013 Academic Year<\/p>\n<\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>University-wide Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Liao, Tzu-Hsiang<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Wang, Chun-Hsuan<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Chiu, Li-Ching<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Hsu, Chih-Hsiang<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Wu, Man-Hwa<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2012 Academic year<\/p>\n<\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>University-wide Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Wang, Chun-Hsuan<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Tsai, Ying-Che<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Chang, Shu-Lien<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Liao, Tzu-Hsiang<\/p>\n<\/td>\n<td>\n<p>Department Outstanding Class Advisor<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><span style=\"color: #000080\"><strong>Superior Teaching Award<\/strong><\/span><\/h5>\n<table>\n<tbody>\n<tr>\n<td width=\"2%\"><\/td>\n<td width=\"20%\">\n<p><strong>Year <\/strong><\/p>\n<\/td>\n<td width=\"20%\">\n<p><strong>Professor <\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Award<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2024 Academic Year<\/p>\n<\/td>\n<td>\n<p>Yang, Chung-Jen<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2022 Academic Year<\/p>\n<\/td>\n<td>\n<p>Huang, Kuo-Cheng<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2021 Academic Year<\/p>\n<\/td>\n<td>\n<p>Kao, Tzu-Min<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2020 Academic Year<\/p>\n<\/td>\n<td>\n<p>Chang, Hsin-Hue<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Lee, Chung-Jung<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2019 Academic Year<\/p>\n<\/td>\n<td>\n<p>Lu, Yang-Cheng<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2017 Academic Year<\/p>\n<\/td>\n<td>\n<p>Yao, Min-Li (Mindy)<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Kao, Tzu-Min<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2016 Academic Year<\/p>\n<\/td>\n<td>\n<p>Hsu, Chih-Hsiang<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Chiu, Li-Ching<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award\u200b<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2015 Academic Year<\/p>\n<\/td>\n<td>\n<p>Cheng, Chang-Chun<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Lee, Yun-Huan<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2014 Academic Year<\/p>\n<\/td>\n<td>\n<p>Yang, Chung-Jen<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Wang, Zi-May<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2013 Academic Year<\/p>\n<\/td>\n<td>\n<p>Liao, Tzu-Hsiang<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>\n<p>2012 Academic Year<\/p>\n<\/td>\n<td>\n<p>Chang, Shu-Lien<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>\n<p>Lee, Hsiu-Chuan<\/p>\n<\/td>\n<td>\n<p>Superior Teaching Award<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div><\/div><hr class=\"x-line e1348-14 m11g-a m11g-b\"><\/hr><\/div><\/div><\/div><\/div><span id=\"x-responsive-text-1\" data-x-element-responsive-text=\"{&quot;selector&quot;:&quot;.h-responsive&quot;,&quot;compression&quot;:&quot;1.0&quot;,&quot;minFontSize&quot;:&quot;24&quot;,&quot;maxFontSize&quot;:&quot;96&quot;}\"><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Faculty Research OutcomesNSTC ProjectHonor Roll2024 \u00a0 PROJECT LEADER PROJECT NAME Lee, Hsiu-Chuan Forecasting VIX futures returns and enhancement of portfolio performance. Liao, Tzu-Hsiang Application of time-varying lag cointegration in futures hedging. Lee, Yun-Huan Asymmetric commonality in liquidity and asset pricing. Wang, Yu Chun Share pledging and external financing. 2023 \u00a0 PROJECT LEADER PROJECT NAME Lee, Hsiu-Chuan An Analysis of the &#8230; <\/p>\n<div><a href=\"https:\/\/fin.mcu.edu.tw\/en\/%e6%95%99%e5%b8%ab%e6%88%90%e6%9e%9c\/\" class=\"more-link\">Read More<\/a><\/div>\n","protected":false},"author":44,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-blank-4.php","meta":{"_themeisle_gutenberg_block_has_review":false,"_vp_format_video_url":"","_vp_image_focal_point":[]},"acf":[],"_links":{"self":[{"href":"https:\/\/fin.mcu.edu.tw\/en\/wp-json\/wp\/v2\/pages\/1348"}],"collection":[{"href":"https:\/\/fin.mcu.edu.tw\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/fin.mcu.edu.tw\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/fin.mcu.edu.tw\/en\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/fin.mcu.edu.tw\/en\/wp-json\/wp\/v2\/comments?post=1348"}],"version-history":[{"count":5,"href":"https:\/\/fin.mcu.edu.tw\/en\/wp-json\/wp\/v2\/pages\/1348\/revisions"}],"predecessor-version":[{"id":2253,"href":"https:\/\/fin.mcu.edu.tw\/en\/wp-json\/wp\/v2\/pages\/1348\/revisions\/2253"}],"wp:attachment":[{"href":"https:\/\/fin.mcu.edu.tw\/en\/wp-json\/wp\/v2\/media?parent=1348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}