Copyright © President & Fellows of National Dong Hwa University, College of Management
Tony Chieh-Tse Hou
Vice Dean & Director, International Division, Office of International Affairs
Professor of Finance,
Department of Finance, Sustainable Finance Research Centre
National Dong Hwa University, Hualien, Taiwan.
Tony Chieh-Tse Hou joined the faculty of the Management School in 2007. His research
interests relate to the regulation of the financial markets, finance innovative activities
and security valuation, carbon price and carbon trading, climate risk financial disclosure,
ESG, and role of affect in human judgment and decision-making. In addition to his
academic position, he also serves as the director of the sustainable finance research
centre (SFRC) at the National Dong Hwa University in Taiwan.
ADDITIONAL INFORMATION
Curriculum Vitae
Data Sets
Tony Hou in Working Knowledge
FinTech Research Initiative
Risk Management Research Initiative
Areas of Interest
analysts/investors behaviour
corporate strategy
empirical finance
foreign direct investment
Investments
patents
risk management
Additional Topics
arts
business policy
competitive strategy
data mining
globalizations
intellectual property
technological innovation
technology management
technology strategy
text mining
Industries
banking
consulting
management consulting
mutual funds
Geographies
Asian Pacific
Europe
United States
侯介澤 (M.B.A., Ph.D.)
財務金融 教授
Contact:
(03) 890-3142
Email: houc@gms.ndhu.edu.tw
國立東華大學
財務金融學系
97401花蓮縣壽豐鄉
大學路二段一號
Tony Chieh-Tse Hou, MBA, Ph.D.
Professor of Finance
National Dong Hwa University
Unit: Finance
Contact:
(03) 890-3142
Send Email:
houc@gms.ndhu.edu.tw
Education:
PhD, School of Accounting, Financial Services and Law,
Edinburgh Napier University, Scotland.
PhD, Finance, Business School,
Cardiff University, Wales.
MBA International Banking
Birmingham University, England.
BCom Accounting and Finance,
Birmingham University, England.
Business Studies,
Warwick University, England.
Yale's Nordhaus and NYU's Romer win 2018 Nobel Economics Prize for work on climate
and tech innovation
working papers
Director network and corporate social responsibility.
Analyst coverage, corporate social performance and firm performance in Asian-Pacific
countries.
Corporate social performance and corporate cash holdings.
Financial Development and Carbon Emissions.
Journal Articles
- Tony Chieh-Tse Hou, Simon Gao (2021)The Impact of Economic Freedom on Financial Analysts'
Earnings Forecast: Evidence from the Asia-Pacific Region, Finance Research Letters,
Volume 43, November 2021, SSCI, Impact Factor: 9.848.
- Huang, Chia-Hui, and Tony Chieh-Tse Hou (2019) “Innovation, Research and Development,
and Firm Profitability in Taiwan: Causality and Determinants.” International Review
of Economics and Finance,Volume 59, 385-394, SSCI, Impact Factor: 2.522.
- Hou, Tony Chieh-Tse (2019) “The Relationships Between Corporate Social Responsibility
and Sustainable Financial Performance: Firm-level Evidence from Taiwan.” Corporate
Social Responsibility and Environmental Management, Volume26, Issue1, Pages 19-28,
SSCI, Impact Factor: 8.741.
- Wu, Guan-Ru, Tony Chieh-Tse Hou, and Jin-Lung Lin, (2019) “Can Economic News Predict
Taiwan Stock Market Returns.” Asia Pacific Management Review, Volume 24, Issue 1,
54-59. EconLit, Scopus, TSSCI.
- Gao, Simon, and Tony Chieh-Tse Hou (2019) “An Empirical Examination of IPO Underpricing
Between High-Technology and Non-High-Technology Firms in Taiwan”, Journal of Emerging
Market Finance, Volume: 18 issue: 1, page(s): 23-51. EconLit, ICI, Scopus.
- Hou, Tony Chieh-Tse, Phillip J. McKnight, and Charlie Weir (2016) “Returns to Buying
Upward Revision and Selling Downward Revision: Some Preliminary Evidence from Canada”,
Managerial Finance, Vol. 42 Iss 11 pp.1110 - 1124. EconLit, ESCI, Scopus.
- Hou, Tony Chieh-Tse, Weifeng Hung, and Simon Gao (2014) “Investors’ Reactions to
Analyst Forecast Revisions and Information Uncertainty – Evidence of Stock Price
Drift”, Journal of Accounting, Auditing and Finance, 06/2014; Vol. 29(3), 238-259.
Scopus.
- Hou, Tony Chieh-Tse, Phillip J. McKnight, and Charlie Weir (2014) “The impacts of
stock characteristics and regulatory change on mutual fund herding in Taiwan”, Applied
Financial Economics, Vol. 24 (3), 175–186. FLI, EconLit, Scopus.
- Huang, Chia-Hui, Tony Chieh-Tse Hou, and Chih-Hai Yang (2013), “FDI Modes and Parent
Firms' Productivity in Emerging Economies: Evidence from Taiwan,” The Journal of
International Trade & Economic Development, Vol.22 (8), 1240-1268. SSCI, EcoLit,
Scopus Impact Factor: 1.073.
- Yang, Chih-Hai, Chia-Hui Huang, and Tony Chieh-Tse Hou (2012), “Tax Incentives and
R&D Activity: Firm-Level Evidence from Taiwan,” Research Policy, Vol. 41 (9), 1578–1588.
Scopus, SSCI, Impact Factor: 8.11.
- Findley, David F., Brian C. Monsell, and Tony Chieh-Tse Hou (2012), “Stock Series
Holiday Regressors Generated From Flow Series Holiday Regressors,” Taiwan Economic
Forecast and Policy, Vol. 43 (1), 1-48. EconLit, TSSCI.
- Hou, Tony Chieh-Tse (2012), “Return Persistence and Investment Timing Decision in
Taiwanese Domestic Equity Mutual Funds,” Managerial Finance, Vol. 38 (9), 873–891.
EconLit, ESCI, Scopus.
- Hou, Tony Chieh-Tse, Phillip J. McKnight and Torng-Her Lee (2012), “Momentum Strategies,
Information Diffusion, and Investor Conservatism in Asian-Pacific Region,” Afro-Asian
Journal of Finance and Accounting, Vol. 3 (2), 136-160. Scopus.
- McKnight, Phillip J., and Tony C.T. Hou (2006), “The Determines of Momentum in the
United Kingdom,” Quarterly Review of Economics and Finance, Vol. 46, No. 2, May,
pp. 227-240. Scopus, EconLit.
- Hou, Tony C.T., and Phillip J. McKnight (2004), “An Explanation of Momentum in Canadian
Stocks,” Canadian Journal of Administrative Science, 21, 4, December. ISI, SSCI,
Impact Factor: 1.689.
- 侯介澤,我國證券商債券部位透過通路銷售並支 付通路服務費之可行性及適法性研究,證券公會 季刊, 2018.12 [民107.Q4], 頁34-39。
- 侯介澤,許我一個資本市場合理的稅費制度,證 券公會季刊, 2017.11 [民106.11], 頁38-39。
- 林士傑、張蕙嬿、侯介澤,我國不動產逆向抵押 貸款發展之探討,存款保險資訊季刊, 27:3, 2014.09 [民103.09], 頁28-55。
- 侯介澤、賴威仁、彭俊能、葉俊沂, 臺灣銀行業整體經營風險之探討:羅吉特迴歸與 危險比率迴歸模型之比較,臺灣銀行季刊, 65:2,2014.06 [民103.06],
頁70-92。
- 侯介澤、郝彥瑞,遠期外匯契約避險策略之探討 ,中華管理評論,17:2,2014.05 [民103.05],頁(3)1-(3)17。
Conference Papers:
- 侯介澤、王朝賢、吳俊磊,獨立董事社群網絡對 公司信用評等之影響,2021 管理觀念與應用研討會,2021年4月3日至4月4日 ,國立中山大學管理學院。
- Tony Chieh-Tse Hou, Simon Gao, The Effects of Environmental, Social and Governance
Investment on Corporate Cash Holdings: Cross-Country Evidence from Asia-Pacific Economies,
the 2019 Cross Country Perspectives in Finance (CCPF) Conference, June 25-27, 2019
(Jinan, China).
- Chia Hui Huang and Tony Chieh-Tse Hou, Patent Scope, Invention and Patent Quality
in Taiwan's Electronics Industry, the Western Economic Association 15th International
Conference, Keio University, 21-24 March 2019 (Tokyo, Japan); 4th International Workshop
on “Financial Markets and Nonlinear Dynamics” (FMND), May 31 - June 1, 2019 (Paris,
France).
- Tony Chieh-Tse Hou and Chia Hui Huang, R&D Investment and Capital Structure Decisions,
the Western Economic Association 15th International Conference, Keio University,
21-24 March 2019 (Tokyo, Japan).
- Tony Chieh-Tse Hou, Corporate Social Responsibility and Firms’ Innovation: Evidence
from Taiwan. Industrial university of Ho Chi Minh city, 30 March 2019 (Ho Chi Minh
city, Vietnam).
- Tony Chieh-Tse Hou, Simon Gao, Economic Freedom and Financial Analysts' Earnings
Forecast: A Cross-country Study, 2018 Cross Country Perspectives in Finance (CCPF)
Conference, Guangzhou, China, 21-23 June, 2018; Special Theme of Journal of International
Financial Markets, Institutions and Money, the 2018 Cross Country Perspective in
Finance Symposium, Dar es Salaam, Tanzani, 12-17 December, 2018.
- Tony Chieh-Tse Hou, Simon Gao, Environmental, Social and Governance and Analyst Coverage
in Asian-Pacific Regions, 2nd Carbon Accounting and Finance International Conference,
Wuhan, China, 30 November - 1 December, 2018.
- Tony Chieh-Tse Hou, Chia-Hui Huang, Corporate Social Responsibility and Firm Innovation
in Taiwan, the Ethical Finance and Governance in Emerging Markets Conference (featuring
Belt and Road Initiative), Edinburgh, UK, 2-3 May, 2018.
- Tony Chieh-Tse Hou, Earnings Management and Stock Returns, 2018 Management Theory
and Practice Conference, Hualien, Taiwan, 1-2 April, 2018.
- Chia-Hui Huang, Tony Chieh-Tse Hou, Patent Quality and Market Value: Firm-Level Evidence
from Taiwan, Finance and Economic Growth in the Aftermath of the Crisis, Milan, Italy,
11-13 September, 2017.
- Tony Chieh-Tse Hou, Chia-Hui Huang, Innovation, R&D, and Firm Profitability, Finance
and Economic Growth in the Aftermath of the Crisis, Milan, 11-13 September, 2017;
ICAFEL, Tainan, Taiwan, April 2017.
- Chia-Hui Huang, Tony Chieh-Tse Hou, Innovation Quantity and Quality: Firm-Level Evidence
in Taiwan, COMSA 2015, The PRESDA Foundation of Japan, April 2015, Hiroshima, Japan.
- Tony Chieh-Tse Hou, Revisit Weekly Momentum, Workshop on Credit Risk Modeling and
Management, CRMM 2015, March 2015, Hualien, Taiwan.
- Tony Chieh-Tse Hou, Innovation and Profitability: Firm-Level Evidence from Taiwan,
The 20th International Panel Data Conference, July 2014, Hitotsubashi University,
Tokyo, Japan.
- Tony Chieh-Tse Hou, The Study of Default Risk in Equity Return for U.S. Listed Firms,
2014 South Taiwan Statistics Conference (STSC), June 2014, Hualien, Taiwan.
Market Commentary
- 專家看本周經濟指標/美經濟衰 退風險升溫【2022-12-19/經濟日報/侯介澤/A14版/台 股熱點】
- 專家看本周經濟指標/關注FOMC 會議紀要【2022-11-21/經濟日報/侯介澤/A14版/台 股熱點】
- 專家看本周經濟指標/美製造業P MI預期下滑【2022-10-24/經濟日報/侯介澤/A12版/台 股熱點】
- 專家看本周經濟指標/美個人消 費支出指數 聚焦【2022-09-26/經濟日報/侯介澤/A14版/台 股熱點】
- 專家看本周經濟指標/美就業 數據 關鍵報告【2022-08-29/經濟日報/侯介澤/A14版/台 股熱點】
- 專家看本周經濟指標/美經濟復 甦仍具彈性【2022-08-01/經濟日報/侯介澤/A12版/台 股熱點】
- 專家看本周經濟指標/美就業數 據牽動Fed決策【2022-07-04/經濟日報/侯介澤/A12版/台 股熱點】
- 專家看本周經濟指標/美企業轉 嫁成本加劇通膨【2022-06-06/經濟日報/侯介澤/A12版/台 股熱點】
- 專家看本周經濟指標/美通膨尚 未達到高峰【2022-05-09/經濟日報/侯介澤/A12版/台 股熱點】
- 專家看本周經濟指標/美消費者 物價一路上衝【2022-04-11/經濟日報/侯介澤/A12版/台 股熱點】
- 專家看本周經濟指標/美英加本 周都會升息【2022-03-14/經濟日報/侯介澤/A12版/台 股熱點】
- 專家看本周經濟指標/FOMC會議 紀錄聚焦【2022-02-14/經濟日報/侯介澤/A11版/台 股熱點】
- 專家看本周經濟指標/美物價升 溫預期提高【2022-01-10/經濟日報/侯介澤/A13/台股 熱點】
- 專家看本周經濟指標/美國三個 變因聚焦【2021-12-13/經濟日報/侯介澤/A13/台股 熱點】
- 專家看本周經濟指標/美經濟 前景 市場看法好轉【2021-11-15/經濟日報/侯介澤/A13/台股 熱點】
- 專家看本周經濟指標/美製造業 PMI將走低【2021-10-18.經濟日報.A14.台股熱點 .侯介澤】
- 專家看本周經濟指標/Fed縮減 購債 要看三關鍵【2021-09-20/經濟日報/侯介澤/ A10版/台股熱點】
- 專家看本周經濟指標/美製造業 擴張增速放緩【2021-08-23/經濟日報/侯介澤/ A11版/台股熱點】
- 專家看本周經濟指標/美消費者 信心將進一步好轉降【2021-06-28/經濟日報/侯介澤/ A12版/台股熱點】
- 專家看本周經濟指標/美失業率 將下降【2021-05-31/經濟日報/侯介澤/ A12版/台股熱點】
- 專家看本周經濟指標/美通膨 升溫 牽動後市【2021-05-17/經濟日報/侯介澤/ A11版/台股熱點】
- 專家看本周經濟指標/美製造業 PMI、新屋銷售看升【2021-04-19/經濟日報/侯介澤/ A12版/台股熱點】
- 專家看本周經濟指標/美國經濟 市場有好的預期【2021-03-29/經濟日報/侯介澤/ A13版/台股熱點】
- 專家看本周經濟指標/製造業PM I終值聚焦 【 2021-03-01 / 經濟日報 / 侯介澤/ A12版 / 台股熱點 】
- 專家看本周經濟指標/美就業市 場復甦緩慢【2021-02-01 / 經濟日報/侯介澤 】
- 專家看本周經濟指標/全球景氣 復甦 盯三重點【 2021-01-11 / 經濟日報/ 侯介澤】
- 台灣藝術品交易稅制之檢討, 台北藝術論壇│ART Taipei Forum, March, 2012
- 強化地方MICE產業,提升城市競 爭力:宜蘭期望成為國際會議及 獎勵, 旅遊在臺首選城市, 縣政新聞 24/06/2010
- 勞退基金穩健中求成長,經濟 日報, Economic Daily News,30/06/2010 後金融風暴退休基金資產配置新 趨勢
Books
- 中華民國畫廊協會附設台北藝術 產經研究院(2011),《我國藝術 品移轉稅制與視覺藝術產業國際 競爭力之關係及比較研究》,台 北:財團法人中華民國畫廊協會 。ISBN 978-986-87792-1-1
(平裝)
Projects
- 我國國內證券自營商支付佣金予 通路之可行性及適法性研究,證 券公會。
- 退休(金)政策與銀髮族金融創新 之研究,中華民國銀行公會/台 灣金融研訓院。
- 從確定給付制轉換為確定提撥制 之退休金計畫之價值:以台灣勞 退基金為例,科技部。
- 我國藝術品移轉稅制與視覺藝術 產業國際競爭力之關係及比較研 究,社團法人中華民國畫廊 協會。
- 台灣好行-宜蘭觀光景點旅遊接 駁服務問卷調查效益評估分析, 宜蘭縣政府。
- 宜蘭溫泉季遊客參與滿意度調查 效益評估分析,玉言堂股份有限 公司。
- 北宜高速公路通車前後對宜蘭縣 民宿產業及其區域經濟效應分析 ,宜蘭縣政府。
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