系所介紹
成立沿革
系所宗旨與目標
師資介紹
空間設備
地理位置

副教授
戴維芯
學歷
國立政治大學 財務管理博士
研究領域
投資學、行為財務學、證券市場相關議題
- (049)2910960 轉4636
- whtai@ncnu.edu.tw
- 管理學院5072
- 星期三 12:00~14:00 【請事先以 e-mail 與老師預約】
- Google Scholar Profile
主要學歷 / Education
- 國立政治大學財務管理研究所博士
Graduate Institute of Finance, National Chengchi University - 國立交通大學科技管理研究所碩士
Graduate Institute of Management of Technology, National Chiao-Tung University - 國立交通大學電機與控制工程學士
Department of Electrical and Control Engineering, ,National Chiao-Tung University
主要經歷 / Resume of Working Experience
中華電信股份有限公司電信研究所助理研究員
Assistant Researcher, Laboratory of Network Planning, Institute of Chunghwa Telecom Laboratories, Taipei, Taiwan國立宜蘭大學應用經濟系兼任講師
Instructor, Department of Economics, National I-Lan University, I-Lan, Taiwan
Publications
- Chiang, Yao-Min*, Vivian Tai, Wanqin Zhang, (2021) “A Review of Asia’s IPO Research,” Asian Review of Financial Research 34(1), 1-79.
- Tai*, Vivian W., Yi-Hsun Lai, and Tung-Hsiao Yang, (2020) “The Role of the Board and the Audit Committee in Corporate Risk Management,” North American Journal of Economics and Finance, 54, 100879. (SSCI)
Lai, Yi-Hsun, and Vivian W. Tai* (2019) “Managerial Overconfidence and Directors’ and Officers’ Liability Insurance,” Pacific-Basin Finance Journal 57, 101051. (SSCI, MOST A tier2)
Chiang, Yao-Min*, Vivian W. Tai (2016) “A Review of Taiwan’s IPO Research,” Taiwan
Economic Review 44(1), 77-125. (TSSCI)- Lin Lin,Vivian W. Tai*, Chien-Lung Hsu,and Chung-Chun Yang (2016) “Who is More Visionary in Mergers: Commercial vs. Investment Banks,” North American Journal of Economics and Finance 35, 133-152. (SSCI)
- Tai*, Vivian W., Ming-Hsieh Chen, and Chien Hung Tseng (2015) “Return Volatility and Day Trading,” Journal of Financial Studies, 23(2), 19-54. (TSSCI)
- Chen, Ming-Hsieh, and Vivian W. Tai (2014) “The Price Discovery of Day Trading Activities in Futures Markets,” Review of Derivatives Research 17(2), 217-239. (SSCI, 國科會財務類A-期刊)
- Lai*, Yi-Hsun, Vivian W. Tai, and Lin Lin, (2014)“The Impact of Institutional Ownership on Corporate Hedging,” Review of Securities and Futures Markets26(4), 155-212. (TSSCI)
- Lai, Yi-Hsun, Lin Lin, and Vivian W. Tai* (2014)“Financial Distress, Return Volatility, and Hedging,” NTU Management Review 24(S1), 61-96. (TSSCI)
- Tai*, Vivian W., Yi-Hsun Lai, and Lin Lin (2014) “Local Institutional Shareholder and Corporate Hedging Policies,” North American Journal of Economics and Finance28, 287-312. (SSCI)
- Chen*, Ming-Hsien, Yin-Feng Gau, and Vivian W. Tai (2013), “Issuers’Credit Ratings in Warrants Pricing Errors,” Emerging Markets Finance and Trade, 49, Supplement 3,35-46. (SSCI)
- Lin, Ji-Chai and Vivian W. Tai* (2013) “Corporate Governance and Analyst Behavior: Evidence from an Emerging Market,” Asia–Pacific Journal of Financial Studies 42, 228-261. (SSCI, 國科會財務類B+級期刊)
- Chan*, Chia-Ying, Vivian W. Tai, Chi-Hung Chan, and Kuo-An Li(2012),“The Impact of Executive Stock Bonuses and Executive Stock Options on Firms' Payout Policy in Taiwan,” Asia–Pacific Journal of Financial Studies,41(2), 147-175. (SSCI, 國科會財務類B+級期刊)
- Chan*, Chia-Ying, Vivian W. Tai, Kuo-An Li, and Ranko Jelic (2012)“Do Market Participants Favour Employee Share Options Schemes? Evidence from Taiwan,” Emerging Markets Finance and Trade 48, Supplement 1, 110-132. (SSCI)
- Chen, Ming-Hsien, and Vivian W. Tai* (2011)“Psychological Barriers and Prices Behaviour of TAIFEX Futures,” Global Economy and Finance Journal, 4(2), 1-12.
- Tai, Vivian W., Mei-Ling Lin, and Ming-Hsien Chen* (2011) “Unanticipated and Asymmetric Effects of TAIFEX Trading Volumes and Open Interests,” Journal of Futures and Options, 4(1), 69-88.
- 姜堯民*、戴維芯,“興櫃交易對初次上櫃績效的影響”,證券櫃檯,June, 2007, 17-32.
- Tai, Vivian W., Yao-Min Chiang* and Robin K. Chou (2006) “Number of Transactions and Price Volatility: Evidence from an Electronic, Order Driven, Call Market,” Managerial Finance 32(11), 903-914. (FLI, 國科會財務類B+級期刊)
- Liu*, Yu-Jane, Mao-Wei Hung, and Vivian W. Tai (2004)“Prospect Theory and Election,” Money Watching and Credit Rating 45, 1-12.
Honors
109學年度教育部延攬及留住特殊優秀人才彈性薪資獎勵
最佳審查人獎-2017 管理學報 (TSSCI)
NCNU Excellent Teaching Award 2017, National Chi Nan University, Taiwan
Outstanding Research Scholar funded by MOST (2017)
Fubon Best Paper Award for 2016 Taiwan Finance Association Annual Meeting (Paper title: Managerial Overconfidence and Directors and Officers Liability Insurance)
暨南大學學術研究獎勵 (104、105、106、111學年度)
The Phi Tau Phi Scholastic Honor (斐陶斐榮譽會員)
Awarded the 2004 scholarship
-National Science Council for pursuing advanced research abroad.
Research Interests
公司理財 (Corporate Finance)
- 公司治理 (Corporate Governance)
行為財務學 (Behavioral Finance)
Conference Papers and Proceedings
Tai, Vivian W., and Ya-Chen Tsai, “Corporate Social Responsibility and Corporate Hedging Strategies” 2022 International Conference of the Taiwan Finance Association, Hsinchu, Taiwan.
Tai, Vivian W., Yi-Hsun Lai, and Chia-Chia Ho, “Corporate Gender Diversity and Directors’ and Officers’ Liability Insurance,” Dec. 3, 2021, 2021臺灣財務金融專題研討會-公司理財, Kaohsiung, Taiwan. Jun. 17-18, 2022, 2022 International Conference of the Taiwan Finance Association, Hsinchu, Taiwan.
Lai, Yi-Hsun and, Vivian W. Tai “Managerial Overconfidence and Insurer Cash Holdings” Sep. 25-26, 2020, 2020 TFA International Conference and Annual Meeting, Nantou, Taiwan.
Lin Lin, Vivian W. Tai, and Kuan-Min Wu, “Corporate Hedging and Acquisition Decision,” May 19-20, 2017, 2017 Annual Conference of Taiwan Finance Association, Hualien, Taiwan.
Tai, Vivian W., and Yi-Hsun Lai, “Does Local Religiosity Matter for Corporate Risk Management?” May 26, 2017中部財金學術聯盟研討會,Taichung, Taiwan. May 25-26, 2018, 2018 Taiwan Finance Association International Conference and Annual Meeting, Taipei, Taiwan. July 29-Aug. 1, 2018, IRFRC & APRIA 2018 Joint Conference, Singapore.
Lai, Yi-Hsun, Wen-Chang Lin, Vivian W. Tai, “Insurers' Bargaining Power and the Incentives of Loss Reserve Management in U.S. Property-Casualty Insurance Industry” 2016 TRIA Annual Meeting & International Conference on Risk and Insurance, Taipei, Taiwan.
Lin Lin, and Vivian W. Tai, “Institutional Ownership Stability and Post-Merger Performance,” May 27-28, 2016, 2016 Annual Conference of Taiwan Finance Association, New Taipei, Taiwan.
Lai, Yi-Hsun, and Vivian W. Tai*, “Managerial Overconfidence and Directors and Officers Liability Insurance,” May 22, 2016, 2016海峽兩岸金融教育聯盟暨中部財金學術聯盟研討會,Taichung, Taiwan. May 27, 2016, 2016 Annual Conference of Taiwan Finance Association, New Taipei, Taiwan (富邦論文獎). Sep. 15-16, 2016, Research in Behavioral Finance Conference 2016, Amsterdam, Netherlands. June 28-July 1, 2017, European Finance Management Association Annual Meeting, Athens, Greece.
Lai, Yi-Hsun, and Vivian W. Tai, “產品多角化、機構投資人持股穩定度對在保險需求之影響-以美國產險業為例” May 22, 2015, 2015中部財金學術聯盟研討會
,Taichung, Taiwan. Dec. 11, 2015, 2015年台灣風險與保險學會年會暨國際學務研討會.Tai, Vivian W., Yao-Min Chiang, “Bargaining Power, Market Competition, and Risk Management,” June 5-6, 2015, 2015 International Conference of Taiwan Finance Association (TFA), Taichung, Taiwan. May 22, 2016, 2016海峽兩岸金融教育聯盟暨中部財金學術聯盟研討會,Taichung, Taiwan.
Lai, Yi-Hsun, and Vivian W. Tai, “Bankruptcy Risk, Costs and Product Diversification in U.S. Property and Liability Insurance Industry,” Dec. 13, 2014, 2014 TRIA Annual Meeting & International Conference on Risk and Insurance, Taichung, Taiwan. May 22, 2015, 2015中部財金學術聯盟研討會,Taichung, Taiwan. June 5-6, 2015, 2015 International Conference of Taiwan Finance Association (TFA), Taichung, Taiwan.
Tai*, Vivian W., and Yi-Hsun Lai, “Multiple Bank Relationships and Corporate Risk Management,” May 16, 2014, 2014中部財金學術聯盟研討會暨台灣財務工程學會年會, Taichung, Taiwan; Sep. 4-5, 2014, The 22 nd Annual Conference on Pacific Basin Finance, Economics, Accounting and Management, Nagoya, Japan. June 29-July 2, 2016, 2016 European Finance Management Association Annual Meeting, Basel, Switzerland.
Lin Lin, Vivian W. Tai, Chien-Lung Hsu, and Chung-Chun Yang, “Who is More Visionary in Mergers: Commercial vs. Investment Banks,” June 24-27, 2014, 2014 Asian Finance Association Conference, Bali, Indonesia; Dec. 10, 2014, 2014 Business Finance and Regional Economic Development, Taipei, Taiwan.
Tai, Vivian W., and Yi-Hsun Lai, “Organizational Structure and Risk-shifting on Corporate Risk Management in U.S. Property-Liability Insurance Industry,” Dec. 21, 2013, 2013 TRIA Annual Meeting & International Conference on Risk and Insurance, Kaohsiung, Taiwan; May 16, 2014, 2014中部財金學術聯盟研討會暨台灣財務工程學會年會, Taichung, Taiwan. March 10-11, 2016 Global Economics and Management Conference: Business Finance and Enterprise Management in the Era of Big Data, Taipei and Nantou, Taiwan. May 3, 2016, The 24 nd Annual Conference on Pacific Basin Finance, Economics, Accounting and Management, Hsinchu, Taiwan.
Lin, Wen-Chang, Yi-Hsun Lai, and Vivian W. Tai, “Financial Rating and Loss Reserve Management for Property and Liability Insurers,” Dec. 21, 2013, 2013 TRIA Annual Meeting & International Conference on Risk and Insurance, Kaohsiung, Taiwan.
Tai*, Vivian W., Yi-Hsun Lai, and Lin Lin, “Local Institutional Shareholder and Corporate Hedging Policies,” July 11, 2013, 2013 Financial and Economic Challenges in the aftermath of Financial Crisis, Taipei, Taiwan.
Lai, Yi-Hsun, Hwa-Jong Liu, and Vivian W. Tai, “The Impact of Corporate Governance and Accounting Information Transparency on Directors’ and Officers’ Liability Insurance,” May 31, 2013, 2013 International Conference of Taiwan Finance Association, Yulin, Taiwan.
Chen, Ming-Hsien, Chia-Hung Chiang, Vivian W. Tai, “Shocks of Trading Volumes to Options Volatility,” May 31, 2013, 2013 International Conference of Taiwan Finance Association, Yulin, Taiwan.
Chen, Ming-Hsien, Chin-Hao Chen, Vivian W. Tai, “Measuring the Equity Risk Premia by Real-time Business Cycle Variables: Evidence from G7 Countries,” May 31, 2013, 2013 International Conference of Taiwan Finance Association, Yulin, Taiwan.
Chen, Ming-Hsien, and Vivian, V. Tai, “Explaining Equity Risk Premium during Financial Crises,” May 31, 2013, 2013 International Conference of Taiwan Finance Association, Yulin, Taiwan; Sep. 24-27, 2013, 8 th Conference on Risk, Banking and Financial Stability, Bali, Indonesia.
Tai*, Vivian W., Yi-Hsun Lai, Tung-Hsiao Yang, and Min-The Yu, “Corporate Hedging and Corporate Governance: The Role of the Board and the Audit Committee,” May 31, 2013, 2013 International Conference of Taiwan Finance Association, Yulin, Taiwan.; June 24-27, 2014, 2014 Asian Finance Association Conference, Bali, Indonesia.
Tai*, Vivian W., Ming-Hsieh, Chen and Chien Hung Tseng, “Return Volatility and Day Trading,” April 15, 2013, 2013中部財金學術聯盟暨第十屆兩岸金融市場發展研討會, Taichung, Taiwan; May 31, 2013, 2013 International Conference of Taiwan Finance Association, Yulin, Taiwan.
Chen, Ming-Hsien, and Vivian W. Tai, “Unexpected Day-Trading Price-Volume Relationship in Futures Markets,” Dec. 14-15, 2012, The 20 th Conference on Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan.
Lai, Yi-Hsun, Lin Lin, and Vivian W. Tai, “Financial Distress, Return Volatility, and Hedging,” April 14, 2012, 『衍生性金融商品與風險管理』專題研討會, Taipei, Taiwan;May 26-27, 2012, 2012 Conference on East Asia Finance, Taipei, Taiwan; July 6-9, 2012, Asian Finance Association and Taiwan Finance Association 2012 Joint International Conference, Taipei, Taiwan.
Ming-Hsieh, Chen, Jheng-Kai, Chen, and Vivian W. Tai, “Expiration and Maturity Effects of Price Impacts: Empirical Evidence on TAIFEX and SGX Futures Markets,” Dec. 9-10, 2011, The 19 th Conference on Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan.
Chen*, Ming-Hsieh, and Vivian W. Tai, “Psychological Barriers and Prices Behaviour of TAIFEX Futures,” Jan. 8, 2011, 2011行為財務學暨新興市場理論與實證研討會,Taipei, Taiwan. Feb. 21-22, 2011, Asia-Pacific Business Research Conference, Kuala Lumpur, Malaysia. Jan 24-25, 2011, 7 th Asia-Pacific Economic Association Annual Meeting, Busan, Korea. June 27-28, 2011, 2011 Annual Conference of Taiwan Finance
Association, Kaohsiung, Taiwan.Yao-Min, Chiang, and Vivian W. Tai, “Initial Return Is Smaller Than Underpricing?” Dec. 3-5, 2010, 7 th 中國金融學年會,廣州,China. Dec. 17-18, 2010, 18 th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan. Mar. 14-15, 2011中部財金學術聯盟暨金融市場發展研討會,Taichung, Taiwan. July 10-13, 2011 AsianFA Annual Meeting, Macao, China.
Tai, Vivian W., and Ju-Wen Cheng, “Putting All Eggs in the Different Baskets? Portfolio Concentration and the Performance of Households,” June 12, 2009, 2009 Annual Conference of Taiwan Finance Association, Chung-Li, Taiwan; May 2, 2009, 2009管理績效與策略研討會, Taipei, Taiwan (最佳論文獎).
Lin, Ji-Chai and Vivian W. Tai, “Corporate Governance and Analyst Bias,” June 20-21, 2008, 2008 Annual Conference of Taiwan Finance Association, Hualien, Taiwan; May 25-27, 2009, 7 th IEFA NTU Conference, Taipei, Taiwan; June 3-5, 2009, 2009 FMA (Financial Management Association) European Meeting, Turin, Italy. (Original title: The Effect of Corporate Governance on Underwriters’ Recommendations)
Liu, Yu-Jane, and Vivian W. Tai, “Are Analysts’ Recommendation Mutually Beneficial: Examination of Profits among Institutions and Individuals on Brokerages Recommendations,” June 2, 2006, 2006 台灣財務工程學會年會暨風險管理研討會, Taipei, Taiwan. July 6-9, 2008, 2008 Asian Finance Association/Nippon Finance Association Conference, Yokohama, Japan. Oct. 8-11, 2008, 2008 FMA (Financial
Management Association) Annual Meeting, Dallas, Taxes, U.S.A.Liu, Yu-Jane, Vivian W. Tai, and K.C. John Wei, “A Direct Test of Private Information on Analysts’ Recommendation: Examination of Profits among Institutions and Individual son Brokerages Recommendations,” Dec. 13-14, 2006 NTU International Conference on Finance; Taipei, Taiwan; Dec. 15-16, 2006, 14 th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan.
Tai*, Vivian W., Sherry, Chia-Ying Chan, and Ling-Chu Lee, “The Choice of Employee Bonus Schemes in Taiwan: High Technology v.s. Traditional Industries,” May 26-27, 2006, 2006台灣財務金融學會年會暨財務金融保險不動產學術研討會, Taipei, Taiwan; June 25-27, 2006, 13 th Annual Conference of the Multinational Finance Society, Edinburgh, UK.
Lee, Yi-Tsung, Lee, Yu-Jane, Liu, and Vivian W. Tai, “Who Demand on Brokerage House Recommendations?” Oct. 10-14, 2005, 2005 FMA (Financial Management Association) Annual Meeting, Chicago, Illinois, U.S.A.
Tai, Vivian W., Yao-Min Chiang and Robin K. Chou, “Number of Transactions and Price Volatility: Evidence from an Electronic, Order Driven, Call Market,” Dec. 14-15, 2002, 11 th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan; October 8-11, 2003, 2003 FMA (Financial Management Association) Annual Meeting, Denver, Colorado, U.S.A.; July 13, 2004, 2004 AsiaFA/FMA (Financial Management Association) Annual Meeting, Taipei, Taiwan.
Tai, Vivian W., Chih-Young Hung and C.W. Chen, “The Research of Taiwan Venture Capital Industry: Review and Prospect,” 1997 Chinese Technology Management Conference, Taiwan.
Ministry of Science and Technology (National Science Council) Grants
Aug. 2022-Jul. 2023
Climate risks and bank loan contracting: Worldwide evidence
(MOST 110-2410-H-260-032)
計畫主持人Aug. 2021-Jul. 2022
Labor Unions and Corporate Hedging
(MOST 110-2410-H-260-009)
計畫主持人Aug. 2020-Jul. 2021
Operating Leverage and Corporate Hedging
(MOST 109-2410-H-260-011)
計畫主持人Aug. 2020-Jul. 2021
網路社群媒體為基之智能信用風險分析方法、技術與系統研發
(MOST 109-2410-H-992-019)
共同主持人Aug. 2019-Jul. 2020
The Role of Gender in Corporate Hedging Strategy
(MOST 108-2410-H-260-010)
計畫主持人Aug. 2018-Jul. 2019
Securities Class Action Litigation and Corporate Hedging Strategy
(MOST 107-2410-H-260-008)
計畫主持人Aug. 2017-Aug. 2018
Local Religiosity and Corporate Debt Maturity
(MOST 106-2410-H-260-018)
計畫主持人Aug. 2017-Jul. 2018
Does Geographical Variations in Local Religious Affiliation Matter for Risk-Taking and Demand of Reinsurance in U.S Property-Liability Insurance Industry
(MOST 106-2410-H-224-006)
共同主持人Aug. 2017-Jul. 2018
Reexamining Merger Overpayment from Religiosity Perspective with A Real Option Approach
(MOST 106-2410-H-260-011)
共同主持人Aug. 2016-Jul. 2017
Two Studies Related to the Relation between Local Religiosity and Corporate Policy
(MOST 105-2410-H-260-007)
計畫主持人Aug. 2015-Jul. 2016
Property-Liability Insurer Reserve Error, Earnings Smoothing and Managerial Overconfidence
(MOST 104-2410-H-260-010)
計畫主持人Aug. 2015-Jul. 2016
Local Gambling Preference, Managerial Overconfidence, and Corporate Merger and Acquisition
(MOST 104-2410-H-260-009)
共同主持人Aug. 2015-Jul. 2017
The Impact of Bargaining Power on Earning Management and Demand of Reinsurance in U.S. Property-Liability Insurance
Industry
(MOST 104-2410-H-224-006-MY2)
共同主持人Aug. 2014-Jul. 2015
CEO Overconfidence and Corporate Hedging Policy
(MOST 103-2410-H-260-012)
計畫主持人Aug. 2014-Jul. 2015
Institutional Ownership Stability and Acquirers’ Post-merger Performance
(MOST 103-2410-H-260-016)
共同主持人Aug. 2013-Jul. 2014
Institutional Investors and Corporate Hedging Policy
(NSC 102-2410-H-260-060)
計畫主持人Aug. 2013-Jul. 2014
Risk-shifting Behavior of the Leaders and Followers in Merger Waves
(NSC 102-2410-H-260-011)
共同主持人Aug. 2012-Jul. 2013
Day Trading and Stock Volatility and Return
(NSC 101-2410-H-260-014)
計畫主持人Aug. 2010-Jul. 2011
Re-examining The Risk Shifting Behaviors of Debtors from the Perspectives of Monitoring of Banks, the Quality of Financial Accounting Reports, and Corporate Governance
(NSC 99-2410-H-260-042)
共同主持人Aug. 2009-Jul. 2011
The Effect of Corporate Governance on Recommendations Issued by Security Firms with Proprietary Holding
(NSC 98-2410-H-260-012)
計畫主持人Aug. 2007-Jul. 2009
Security Firms’ Holdings, Recommendations, and Investors’ Trading Reactions: Conflict of Interests and Over-Optimism
(NSC 96-2416-H-260-020-MY2)
計畫主持人Jan. 2007-Dec. 2007
The Information Value of Brokerage Recommendations: Underwriting Business and Client’s Relationship
(NSC 96-2416-H-260-002)
計畫主持人May, 2003-Nov. 2004
Integrated Project of Behavioral Finance and Behavioral Accounting
(行為財務與行為會計整合型計畫-先期規劃案及總計畫)
(NSC 92-2416-H-002-003)
(NSC 92-2416-H-047-EF)
Research AssistantSep. 2003- Aug. 2004
Integrated Project of Behavioral Finance and Behavioral Accounting Investors’ reaction and perception of analysts’ recommendations
(行為財務與行為會計整合型計畫-子計畫三)
(NSC 92-2416-H-004-054-EF)
Research Assistant