Copyright © President & Fellows of National Dong Hwa University, College of Management
Tony Chieh-Tse Hou
Vice Dean of International Affairs,
Director, International Foundation Program
Office of International Affairs, National Dong Hwa University
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
Sustainable Finance Research Initiative
Areas of Interest
analysts/investors behaviour
corporate strategy
empirical finance
foreign direct investment
Investments
patents
ESG
Carbon finance
Additional Topics
arts
business policy
competitive strategy
intellectual property
industrial policy
Industries
banking
consulting
management consulting
mutual funds
Geographies
Asian Pacific
Europe
United States
侯介澤 (M.B.A., Ph.D.)
財務金融學系教授
國立東華大學
永續金融研究中心
Contact:
(03) 890-3142
Email: houc@gms.ndhu.edu.tw
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
ACADEMIC APPOINTMENTS
•2024/01- 國立東華大學國際處副處長兼國際專 修部主任
•2021/12-國立東華大學國際處副處長兼國際招 生組組長
•2022
國立東華大學國際處副處長兼永續發 展組組長
•2019/08-國立東華大學財務金融學系教授
•2015/08-2021/07
國立東華大學財務金融學系主任
•2015/08-2021/07
國立東華大學管理科學與財金國際學 士學位學程主任
RESEARCH INTERESTS
財務管理/綠色金融/永續投資/產業 政策與發展/科學減碳/碳中和與碳權 交易/企業減碳策略
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
•"Does corporate social responsibility disclosure impact firm performance? Using
the DuPont Equation of Analysis ", with Chaur-Shyan Wang, February 2024.
•"Temperature, carbon disclosure and financial performance: Evidence from Japan listed
companies ", with Chia-Hui Huang, working paper, January 2024.
•"碳揭露與財務績效之關聯性-以日本上市公司為例",侯介澤、王朝賢、蘇菲亞,working paper, January 2024.
•" Carbon Tax: Evidence from Finland ", with Griffin Msefula, working paper, November
2023.
•" Carbon Tax and Legal System impact on Carbon Emission: Evidence from Transport
Sector ", with Griffin Msefula, working paper, November 2023.
•" Carbon Tax impact on Road Transport Emissions: Evidence from Europe and Canada
", with Griffin Msefula, working paper, November 2023.
•"Temperature Change and Corporate Cash Holdings in Japan", with Griffin Msefula,
Yen-Chen Huang, working paper, November 2023.
•" Impact of Independent Director's Network and Analyst Coverage on Corporate Social
Responsibility ", with Chaur-Shyan Wang, November 2023.
•" Unconventional Digital Currency Pass-Through to Monetary Policy ", with Griffin
Msefula, working paper, November 2022.
•"企業社會責任對公司信用風險評等的影響",侯介澤、王 朝賢,October 2023.
•" Corporate Carbon Emissions and Firm Performance in South Africa ", with Griffin
Msefula*, Nokwnda Nokubongwa Dlamini, Review of Integrative Business and Economics
Research, Accepted (Dec. 2023), Scopus, EconLit.
Journal Articles
- 侯介澤、王朝賢* 和 吳俊磊, 〈獨立董事社會網絡與公司信用評等之關聯性〉 ,《東吳經濟商學學報》,第一百零七期 十二月, 2023。 (其他具審查制度期刊) (2021年度「臺灣人文及社會科學期刊評比暨核 心期刊收錄」,經人文社會科學中心評比,2018 ~2020年本學報出版之期刊獲評為第三級 期刊。)
- 侯介澤、王朝賢* 和 謝明叡, 〈企業社會責任與公司財務績效的關係–公司聲譽的中介效果〉,《中原企管評論》, Volume 21, Number 2,2023年11月。
(其他具審查制度期刊)
- 侯介澤,<金融淨零與永續消費>,《財金資訊季 刊》,第106期,2023年10月。
- 林上閔*、桑國忠、侯介澤 和 陳寶玉, 〈客輪業者無預警停航之消費者保護機制研究/R esearch on Consumer Protection Mechanism
of Passenger Ship Service Suspension Without Warning〉,《航運季刊》,第30卷, 第1期,第27-53頁,2021年三月。
(其他具審查制度期刊)
- 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.
HOME
TEACHING
SUSTAINABLE FINANCE
NEPRC