戴維芯

 

職稱:副教授
學歷:國立政治大學財務管理博士
專長:投資學、行為財務學、證券市場相關議題
E-mail:whtai@ncnu.edu.tw
辦公室:5072
聯絡電話:049-2910960   ext 4636
Office Hours: 星期三10:00~12:00(請事先以e-mail與老師預約)

 

 


 

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

 

研究領域 / Research Areas

公司理財(Corporate Finance)
行為財務學(Behavioral Finance)
投資學(Investment)

 

 (A)期刊論文

姜堯民*,戴維芯,(2016),臺灣股票初次上市櫃相關研究文獻回顧,經濟論文叢刊,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 Markets 26(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.

 

 (B)研討會論文

 

Lin Lin, and Vivian W. Tai, “Institutional Ownership Stability and Post-Merger Performance,” May 27, 2016, 2016台灣財務金融學會年會暨國際研討會,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台灣財務金融學會年會暨國際研討會,New Taipei, Taiwan (富邦論文獎). Sep. 15-16, 2016, Research in Behavioral Finance Conference 2016, Amsterdam, Netherlands.

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, Yu-Kai, Chang, “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 22nd 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.

Vivian W. Tai,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 24nd 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; Dec. 13-14, 2013, The 21th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung.

Chen, Ming-Hsien, Chun I Lee, 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, 8th Conference on Risk, Banking and Financial Stability, Bali, Indonesia.

Vivian W. Tai*,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.

Vivian W. Tai*, 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, Vivian W. Tai, and Seng-Yung Yang, “Unexpected Day-Trading Price-Volume Relationship in Futures Markets,”Dec. 14-15, 2012, The 20th 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, 2012Conference 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 19th 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, 7th 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, 7th 中國金融學年會,廣州,China. Dec. 17-18, 2010, 18th 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.

Vivian W. Tai, 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, 7th IEFA NTU Conference, Taipei, Taiwan; June 3-5, 2009, 2009 FMA (Financial Management Association) European Meeting, Turin, Italy.

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, 14th 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, 13th 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, 11th 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.

Vivian W. Tai, Chih-Young Hung and C.W. Chen, “The Research of Taiwan Venture Capital Industry: Review and Prospect,” 1997 Chinese Technology Management Conference, Taiwan.

(C)國科會計畫

1.    105學年度:Two Studies Related to the Relation between Local Religiosity and Corporate Policy(計畫主持人,MOST 105-2410-H-260-007,08/2016-07/2017,經費總額304,000)

2.    104學年度:Property-Liability Insurer Reserve Error, Earnings Smoothing and Managerial Overconfidence(計畫主持人,MOST 104-2410-H-260-010,08/2015-07/2016,經費總額524,000)

3.    104學年度:Local Gambling Preference, Managerial Overconfidence, and Corporate Merger and Acquisition(共同主持人,MOST 104-2410-H-260-009,08/2015-07/2016,經費總額500,000)

4.    104學年度:The Impact of Bargaining Power on Earning Management and Demand of Reinsurance in U.S. Property-Liability Insurance Industry(共同主持人,MOST 104-2410-H-224-006-MY2,08/2015-07/2017,經費總額1,022,000)

5.    103學年度:CEO Overconfidence and Corporate Hedging Policy (計畫主持人,MOST 103-2410-H-260-012,08/2014-07/2015,經費總額406,000)

6.    103學年度:Institutional Ownership Stability and Acquirers’ Post-merger Performance (共同主持人,MOST 103-2410-H-260-016,08/2014-07/2015,經費總額316,000)

7.    102學年度:機構投資人與企業避險決策。(計畫主持人,NSC 102-2410-H-260-060,08/2013-07/2014,經費總額607,000)

8.    102學年度:併購潮中領先者與追隨者的風險移轉行為研析。(共同主持人,NSC 102-2410-H-260-011,08/2013-07/2014,經費總額400,000)

9.    101學年度:當沖交易、股票波動與報酬。(計畫主持人,NSC 101-2410-H-260-014,08/2012-07/2013,經費總額400,000)

10.   99學年度:債權人偏好選擇何種機制來抑制風險移轉行為?從銀行監督管理功能、財務會計資訊品質及公司治理角度探討。(共同主持人,NSC 99-2410-H-260-042,08/2010-07/2011,經費總額299,000)

11.   98學年度:公司治理對自營部門持股推薦券商推薦行為之影響。(計畫主持人,NSC 98-2410-H-260-012,08/2009-07/2010,經費總額403,000)

12.  96/97學年度:自營部門持股對券商個股推薦與投資人交易行為的影響:利益衝突及過度樂觀。(計畫主持人,NSC-2416-H-260-020-MY2,08/2007-07/2009,經費總額842,000)

13.  96學年度:券商推薦之資訊價值:承銷業務與推薦券商之顧客關係。(計畫主持人,NSC 96-2416-H-260-002-,01/2007-12/2007,經費總額311,000)

(D)技術報告及其他等

 

張婉瑜、戴維芯、施怡玫、林豐政,1999,我國國際電話卡市場之營運現況及分析—供應商與通路分析,中華電信研究所,網路規劃研究室,中華電信國際分公司委託之技術報告。

戴維芯、施怡玫、張婉瑜,1999,國際電話卡消費者行為分析,中華電信研究所,網路規劃研究室,中華電信國際分公司委託之技術報告。

戴維芯,1999,國際電話卡市場潛在需求預測,中華電信研究所,中華電信股份有限公司經營規劃處委託之技術報告。

戴維芯,1999,行動電話市場潛在需求預測,中華電信研究所,交通部電信總局委託之技術報告。

戴維芯、林豐政、施怡玫、張婉瑜,1999,電信業務市場分析與需求預測系統—上線測試案例一:行動電話業務,中華電信研究所,網路規劃研究室,中華電信股份有限公司經營規劃處委託之技術報告。