洪碧霞

職稱:教授
學歷:國立中正大學財務金融博士
專長:市場微結構、行為財務、財務管理、投資學
E-mail:phhung@ncnu.edu.tw
辦公室:5092
聯絡電話:049-2910960 ext 4624
Office Hours: 星期四16:00 ~ 18:00(請事先以e-mail與老師預約)

 

 


 

主要學歷 / Education

國立中正大學財務金融學系博士班 (89.09-97.01)
Graduate Institute of Banking and Finance, National Chung Cheng University (PHD)
淡江大學管理科學研究所 (79.09-81.06)
Graduate Institute of Management Sciences, Tamkang University (Master)
東海大學國際貿易學系 (75.10-79.06)
Department of International Business, Tunghai University (Bachelor)

 

主要經歷 / Resume of Working Experience

國立暨南國際大學財務金融學系專任教授 (108.02-迄今)
Professor, Department of Banking and Finance, National Chi Nan University
國立暨南國際大學財務金融學系專任副教授 (104.08-108.01)
Associate Professor, Department of Banking and Finance, National Chi Nan University
國立暨南國際大學財務金融學系專任助理教授 (97.02-104.07)
Assistant Professor, Department of Banking and Finance, National Chi Nan University
國立中正大學財務金融學系兼任講師 (92.08-94.07)
Lecturer, Department of Finance, National Chung Cheng University

東海大學國際貿易學系兼任講師 (92.02-96.07)
Lecturer, Department of International Trade, Tunghai University

 

修平技術學院金融與風險管理學系專任講師 (92.08-93.07)
Lecturer, Department of Banking and Risk Management, Hsiuping Institute of Technology

 

 

研究領域 / Research Areas

市場微結構、行為財務、財務管理、投資學

 

期刊論文 / Referred Journal Articles

  1. Lien, Donald, Pi-Hsia Hung,* and I-Chun Hung, 2019, Order Price Clustering, Size Clustering, and Stock Price Movements: Evidence from the Taiwan Stock Exchange, Journal of Empirical Finance Forthcoming(SSCI, 2019 Impact Factor 0.946, 5-Year Impact Factor: 1.306,MOST ATier-1)
  2. Hung, Pi-Hsia and Donald Lien, * 2019, Trading Aggressiveness, Order Execution Quality, and Stock Price Movements: Evidence from the Taiwan Stock Exchange, Journal of International Financial Markets, Institutions & Money , Forthcoming(SSCI,2018 Impact Factor 1.719,5-Year Impact Factor 2.269, MOST A-)
  3. Chen,*An-Sing,Hsiang-Hui Chu,* Pi-Hsia and Miao-Sih Cheng ,2018, Financial Risk and Acquirers’Stockholder Wealth in Mergers and Acquisitions,North American Journal of Economics and Finance, Forthcoming. (SSCI, 2018 Impact Factor 1.098, 5-Year Impact Factor 1.194)
  4.  Lin,Lin, Pi-Hsia Hung*, De-Wai Chou andChristine W. Lai*, 2018, Financial Performance and Corporate Social Responsibility,Asia-Pacific Management Review,Forthcoming. (TSSCI)
  5.  Lin,Lin, Pi-Hsia Hung* and Chung-Yueh Lin, 2018, Stock Traders’ Order Aggressiveness and Investment Performance on the Taiwan Stock Exchange, Journal of Financial Studies 26 (1) 59-96.(TSSCI)
  6.  Lin,Lin, Pi-Hsia Hung* and Pei-Jhen Su, 2017, The Role of Outstanding Foundation Awards in Fund Families, Asia-Pacific Journal of Financial Studies 46 (1), 87-115. (SSCI, 2017 Impact Factor 0.355, 5-Year Impact Factor 0.459, MOST B+)
  7. Chou, De-Wai, Lin Lin, Pi-Hsia Hung*,and Chun Heng Lin, A Revisit to Economic Exposure of U.S. Multinational Corporations, North American Journal of Economics and Finance 39 (C), 273-287. (SSCI, 2017 Impact Factor 1.098, 5-Year Impact Factor 1.194)
  8. Hung,* Pi-Hsia, 2016, Investor Sentiment, Order Submission, and Investment Performance on the Taiwan Stock Exchange, Pacific-Basin Finance Journal 39, 124-140. (SSCI, Impact factor 0.938, MOST ATier-2)
  9. Hung, Pi-Hsia, An-Sing Chen,* and Yun-Lin Wu, 2015, Order Aggressiveness, Price Impact and Investment Performance in a Pure Order-driven Stock Market, Asia-Pacific Journal of Financial Studies 44 (4), 635-660. (SSCI, Impact factor 0.302, MOST B+)
  10.  Chen, Ruey-Shii, Pi-Hsia Hung,* and You-Da Tsai, 2015, How does the Public Information of the Market Observation Post System Affect Stock Return? Evidence from Intra-and Inter-day Analyses in Taiwan Stock Exchange, Review of Securities and Futures Markets 27 (2),125-184. (TSSCI,in Chinese)
  11. Chen, Ruey-Shii, Pi-Hsia Hung,* and Yu-HsinLiu, 2014, Are Funds of Funds Superior to Traditional Mutual Funds? A Perspective on the Risk-and-Return and Fund Characteristics, Journal of Management and Systems 21 (2), 187-216.(TSSCI,in Chinese)
  12. Hung,* Pi-Hsia and Hsien-Yi Lee, 2013, A Concentration Analysis of Domestic Equity Mutual Funds, Journal of Financial Studies 21 (1), 83-122.(TSSCI,in English)
  13. Hung,*Pi-Hsia and Wan-Fei Teng, 2013, Price Clustering and Trade-size Clustering in Taiwan Stock Market, Review of Securities and Futures Markets 25 (1), 67-114. (TSSCI,in Chinese)
  14. Hung,*Pi-Hsia, Ruey-Shii Chen, Yung-Cheng Huang, and Hsin-Yen Liao, 2012, Order Imbalances, Investor Types and Stock Return, Review of Securities and Futures Markets 24 (2), 1-48. (TSSCI, Leading Article,in Chinese)
  15. Yu,*Chih-Hsien and Bi-Shia Hong, 2006, Analysts’ Earnings Forecast — Firm Attributes Preferences and Market Response to Earnings Forecast Revision, Review of Securities and Futures Markets 18 (2), 41-78. (TSSCI,in Chinese)
  16. Chen,*An-Sing and Bi-Shia Hong, 2006, Institutional Ownership Changes and Returns around Analysts' Earnings Forecast Release Events: Evidence from Taiwan, Journal of Banking and Finance 30 (9), 2471–2488. (SSCI, Impact factor 1.485, MOST ATier-1)

 

研討會論文/ Conference Papers

  1. Hung,* Pi-Hsia, and Hung-Ju Chen, Trading Price Ratios and Investment Performance: Evidence from the Taiwan Stock Exchange, June 6-8, 2018, BAI 2018 International Conference on Business and Information, Seoul, Korea
  2. Lien, Donald and Pi-Hsia Hung,* Trading Aggressiveness, Order Execution Quality, and Stock Price Movements: Evidence from the Taiwan Stock Exchange May 25-26, 2018, International Conference of Taiwan Finance Association, National Chengchi University, Taipei, Taiwan.
  3. Hung, Pi-Hsia and Hung-Ju Chen,* Trading Price Ratios and Investment Performance: Evidence from the Taiwan Stock Exchange, October 6-7, 2017, ISERD - 246th International Conference on Accounting and Finance (ICAF 2017), Kobe, Japan.
  4. Hung, Pi-Hsia and Chiu-Ting Pan,* The Relaxation of Daily Price Limit and Stock Traders’ Order Submission Behavior: Evidence from the Taiwan stock Exchange, October 6-7, 2017, ISERD - 246th International Conference on Accounting and Finance (ICAF 2017), Kobe, Japan.
  5. Hung,* Pi-Hsia and Ching-Yang Chen, Brand Visibility, Cash Flow Stability, and Firm Value, June 6-7, 2017, SIBR 2017 Osaka Conference on Interdisciplinary Business and Economics Research (SIBR 2017), Osaka, Japan.
  6. Hung,* Pi-Hsia and Ching-Yang Chen, Brand Visibility, Cash Flow Stability, and Firm Value, June 6-7, 2017, SIBR 2017 Osaka Conference on Interdisciplinary Business and Economics Research (SIBR 2017), Osaka, Japan.
  7. Hung,* Pi-Hsia, Investor Sentiment, Order Submission, and Investment Performance on the Taiwan Stock Exchange, June 3-5, 2016, International Conference on Business and Information (BAI 2016), Nagoya, Japan.
  8. Hung,* Pi-Hsia and Chung-Yueh Lin, Stock Traders’ Order Aggressiveness and Investment Performance on the Taiwan Stock Exchange, May 27-28, 2016, International Conference of Taiwan Finance Association, Asia University, Taichung, Taiwan.
  9. Lin, Lin, Pi-Hsia Hung,* and Chun Heng Lin, A Revisit to Economic Exposure of U.S. Multinational Corporations, March 11, 2016, Global Economics and Management Conference: Business Finance and Enterprise Management in the Era of Big Data (Nantou Session), National Chi Nan University, Nantou, Taiwan. (Poster)
  10. Hung,* Pi-Hsia and Chung-Yueh Lin, Stock Traders’ Order Aggressiveness and Investment Performance on the Taiwan Stock Exchange, March 11, 2016, Global Economics and Management Conference: Business Finance and Enterprise Management in the Era of Big Data (Nantou Session), National Chi Nan University, Nantou, Taiwan.
  11. Lin, Lin, Pi-Hsia Hung,* and Pei-Jhen Su, The Role of Outstanding Foundation Awards in Fund Families, July 22-24, 2015, International Symposium on Economics and Social Science, Waseda University, Tokyo, Japan.
  12. Hung, Pi-Hsia and Chun-Heng Lin,* Linear and Nonlinear Economic Exposures of Foreign Exchange Rates: Evidence from U.S. Multinational Corporations, May 21, 2015, Business and Management Academic Conference, National Kaohsiung University of Applied Sciences, Kaohsiung, Taiwan.
  13. Hung, Pi-Hsia, Man-Yi Ting, and En-Hsin Lin,* Fund Rankings and Family Strategies, July 2-3, 2015, SIBR 2015 Osaka Conference on Interdisciplinary Business & Economics Research, Ark Hotel, Osaka, Japan.
  14. Lin, Lin, Pi-Hsia Hung,* and Chun Heng Lin, A Revisit to Economic Exposure of U.S. Multinational Corporations, June 5-6, 2015, International Conference of Taiwan Finance Association, Asia University, Taichung, Taiwan.
  15. Hao, Ying, Pi-Hsia Hung, Kuan-Cheng Ko, and Lin Lin, Residual Momentum and Investor Sentiment, June 5-6, 2015, International Conference of Taiwan Finance Association, Asia University, Taichung, Taiwan.
  16. Hung, Pi-Hsia and Chun-Heng Lin,* Linear and Nonlinear Economic Exposures of Foreign Exchange Rates: Evidence from U.S. Multinational Corporations, May 21, 2015, Business and Management Academic Conference, National Kaohsiung University of Applied Sciences, Kaohsiung, Taiwan.
  17. Hung, Pi-Hsia and Chia-Lin Wu,* The Impact of CEOs and CFOs Incentives on Corporate Policies and Performance, December 19, 2014, NTUB Conference of International, Practive and Management, National Taipei University of Business, Taipei, Taiwan.
  18. Lin, Lin, Pi-Hsia Hung,* and Pei-Jhen Su, The Role of Outstanding Foundation Awards in Fund Families, December 11, 2014, International Conference on Management and Application of Technology (ICFEM 2014), Toko University, Chiayi, Taiwan.
  19. Hung,* Pi-Hsiaand Ruey-Shii Chen, Trade Sizes, Order Types, Investor Classes and Informed Trading: Evidence from a Pure Order Driven Market, June 27-29, 2014, International Academy of Business and Economics (IABE 2014), Verona, Italy.
  20. Lin, Lin, Pi-Hsia Hung,* and Pei-Jhen Su, Do Fund Families Take the Discrepancy Strategies toward the Best Fund Awards? May 7-9, 2014, International Conference on Social Science and Management (ICSSAM 2014), Kyoto, Japan.
  21. Hung,* Pi-Hsiaand Yun-Lin Wu, Do Active Stock Traders Create Better Investment Performance? Evidence from a Pure Order-driven Market, May 30 - June 2, 2013, The Economics, Finance, Accounting & Management Research Conference (EFAMR 2013), Honolulu, U.S.
  22. Hung,* Pi-Hsia, Hsiang-Hui Chu, and Yun-Lin Wu, Order aggressiveness of traders: Evidence from Taiwan Stock Exchange, July 3-5, 2012, The International Conference on Business and Information (BAI 2012), Sapporo, Japan.
  23. Hung,* Pi-Hsiaand You-Da Tsai, How does News of the Market Observation Post System Affect Stock Return? Evidence from Intra- and Inter-day Analyses in Taiwan Stock Exchange, September 20, 2011 International Business and Management Education Forum, Pingtung, Taiwan.
  24.  Hung,* Pi-Hsia, Ruey-Shii Chen, and Chai-Yang Wu, A Study on the Relationship between Family, Ownership, Institution Share Holdings and Firm Value, May 6-8, 2011, The International Conference on Business, Engineering and Information Technology Management (BEIM 2011), Shanghai, China.
  25. Hung,* Pi-Hsia and Tang-Cheng Hung, Executive Compensation, Earnings Management, and Profitability, March 14-15, 2011, Taichung, Taiwan. (中部財金學術聯盟暨第八屆金融市場發展研討會)
  26. Yu,* Chih-Hsien and Pi-Hsia Hung, Analysts’ Earnings Forecast — Firm Attributes Preferences and Market Response to Earnings Forecast Revision, June, 2002, Tunghai University, Taichung, Taiwan. (in Chinese)

學術奬助/ Projects

  1. Hung, Pi-Hsia and Ming-Xin Guo, 2018, Window Dressing in Fund Managers, Ministry of Science and Technology, Grant No: 107CFA1200024. (科技部107年度大專學生研究計畫指導老師)
  2. Hung, Pi-Hsia and Fang-Yu Hu, 2017, The Influence of the CEO’s Personal Characteristics and Corporate Governance on the Firm Value after Mergers and Acquisitions, Ministry of Science and Technology, Grant No: 106CFA1200013. (科技部106年度大專學生研究計畫指導老師)
  3. Hung, Pi-Hsia, 2017, Does the Relaxation of Price Limits Improve Order Execution Quality? Evidence from the Taiwan Stock Exchange, Ministry of Science and Technology, Grant No: MOST 106-2410-H-260-016 -
  4.  Hung, Pi-Hsia, 2016, Trading Activities and Market Quality: Evidence from the Taiwan Stock Exchange, Ministry of Science and Technology,Grant No: MOST 105-2410-H-260-010 -.
  5. Hung, Pi-Hsia, 2015, Does Investor Sentiment Affect How Much of Trading Gains or Losses in the Taiwan Stock Exchange?Ministry of Science and Technology, Grant No: MOST 104-2410-H-260-012 -.
  6. Hung, Pi-Hsia, 2014, Investor Sentiment, Order Submission and Investment Performance in a Pure Order-driven Market, Ministry of Science and Technology, Grant No: MOST 103-2410-H-260 -013 -.
  7. Hung, Pi-Hsia, 2013, Stock Traders’ Order Submission Decision, Market Conditions, Investor Behavior and Investment Performance, National Science Council, Grant No: NSC 102-2410-H-260 -012 -.
  8. Hung, Pi-Hsia, 2012, Traders’ Order Choice Decision in a Pure Order-driven Market: Evidence from Taiwanese Intra-day Trading Behavior, National Science Council, Grant No: NSC 101-2410-H-260 -018 -.
  9. 補助國內大專院校購置S&P Compustat 企業財務分析資料庫專案, National Science Council, Grant No: NSC 101-2420-H-260 -001 -ED.
  10. Hung, Pi-Hsia and Wen-Xin Lee, 2012, The Role of Institutional Investors in CEO Turnover: Evidence from Taiwan Stock Exchange, National Science Council. (大專學生專題研究計畫)
  11. Hung, Pi-Hsia, 2011, Order Submission Strategies and Execution Costs: Comprehensive Evidence from Institutional and Individual Intra-day Trading Behavior in a Pure Order-driven Market, National Science Council, Grant No: NSC 100-2410-H-260 -014 -.
  12. Hung, Pi-Hsia, 2010, Default Risk and Takeover Activities, National Science Council, Grant No: NSC 99-2410-H-260 -039 -.
  13. Hung, Pi-Hsia, 2009, Trade Sizes, Order Types, Investor Classes and Informed Trading: Evidence from Intra-day Institutional Trading in Taiwan, National Science Council, Grant No: NSC 98-2410-H-260 -015 -.

 

指導論文/ Supervised Student Dissertations

  1. 吳羿嫻,2018,大單交易如何影響股票報酬?以臺灣股市為實證分析,國立暨南國際大學財務金融研究所碩士論文。
  2. 陳怡璇,2018,The Effects of the Relaxation of Stock Price Limits on Market Quality in the Taiwan Stock Exchange,國立暨南國際大學財務金融研究所碩士論文。
  3. 朱家德,2017,放寬漲跌幅限制之委託單執行品質—臺灣股票市場實證分析,國立暨南國際大學財務金融研究所碩士論文。
  4. 陳虹汝,2017,交易價格比率與投資績效—以臺灣股票市場為例,國立暨南國際大學財務金融研究所碩士論文。
  5. 潘秋婷,2017,The Relaxation of Daily Price Limit and Stock Traders’ Order Submission Behavior: Evidence from the Taiwan stock Exchange,國立暨南國際大學財務金融研究所碩士論文。
  6. 黃子瑚,2017,Stock Traders’ Disposition Effects and Contrarian Behavior: Evidence from the Taiwan Stock Exchange大單交易如何影響股票報酬?以臺灣股市為實證分析國立暨南國際大學財務金融研究所碩士論文。
  7. 曾郁婷,2017,現金持有價值與公司績效,國立暨南國際大學財務金融研究所碩士論文。
  8. 洪怡君,2016,臺灣股票市場價格叢聚、規模叢聚與交易績效之分析,國立暨南國際大學財務金融研究所碩士論文。
  9. 蔡孟頻,2016,市場條件、股市交易者下單行為及投資績效之關係,國立暨南國際大學財務金融研究所碩士論文。
  10. 陳景暘,2016,Brand Visibility, Cash Flow Stability and Firm Value,國立暨南國際大學財務金融研究所碩士論文。
  11. 林宗緯,2016,Whose Trades Move Stock Prices? Evidence from the Taiwan Stock Exchange? 國立暨南國際大學財務金融研究所碩士論文。
  12. 林宗岳,2015,Does Stock Trader’s Order Aggressiveness Predict Future Return? Evidence from an Order-driven Market, 國立暨南國際大學財務金融研究所碩士論文。
  13. 林君衡,2015,Linear and Nonlinear Economic Exposures of Foreign Exchange Rates: Evidence from U.S. Multinational Corporations, 國立暨南國際大學財務金融研究所碩士論文。
  14. 吳佳璘,2015,「CEO及CFO薪酬誘因、公司政策及經營績效之分析」,國立暨南國際大學財務金融研究所碩士論文。
  15. 王智濬,2015,「臺灣股市投資人交易自信程度、群聚行為與投資績效之關係」,國立暨南國際大學財務金融研究所碩士論文。
  16. 丁嫚儀,2014,The Role of the Fund Ranking: Do Fund Families Take the Discrepancy Strategies? 國立暨南國際大學財務金融研究所碩士論文。
  17. 林欣怡,2013,How do momentum strategies explain their dynamic relationship, firms’ excess returns, and earnings? 國立暨南國際大學財務金融研究所碩士論文。
  18. 鄭妙思,2012,Default Risk and Takeover Activities, 國立暨南國際大學財務金融研究所碩士論文。
  19. 蘇珮禎,2012,「得奬基金在基金家族中之角色:基金家族是否採行策略性補貼政策?」,國立暨南國際大學財務金融研究所碩士論文。
  20. 蔡侑達,2012,「公開資訊觀測站訊息如何影響股票報酬?台灣股票市場日內及日間資料分析」,國立暨南國際大學財務金融研究所碩士論文。
  21. 吳昀霖,2011,Order aggressiveness of traders: Evidence from Taiwan Stock Exchange,國立暨南國際大學財務金融研究所碩士論文。
  22. 洪堂城,2011,「高階經理人薪酬、盈餘管理和公司績效之研究」,國立暨南國際大學財務金融研究所碩士論文。
  23. 李思潔,2011,「股票型基金比較研究:集中與分散投資型式」,國立暨南國際大學財務金融研究所碩士論文。
  24. 劉喻欣,2010,「組合型基金與一般共同基金之比較」,國立暨南國際大學財務金融研究所碩士論文。
  25. 吳家揚,2010,「家族公司持股變化、機構投資人持股與公司價值關聯性之研究」,國立暨南國際大學財務金融研究所碩士論文。
  26. 廖信彥,2009,「買賣單不均衡,投資人類別與股票報酬之關係」,國立暨南國際大學財務金融研究所碩士論文。
  27. 鄧婉妃,2009,「台灣股市價格叢聚與交易規模叢聚之研究」,國立暨南國際大學財務金融研究所碩士論文。

 

技術報告與其他論文/ Published Research Reports & Other Published Articles

  1. Hong, B. S., 2008, Essays on Institutional Trading Behavior around Analysts' Earnings Forecast Release Events: Evidence from Taiwan, Department of Finance, National Chung Cheng University.
  2. 洪碧霞,1995,我國中小企業技術升級之研究─建立中小企業技術升級指標,台灣經濟研究院。
  3. 洪碧霞,1994,工業技術人才堷訓計畫五年長期研究工作─人才培訓對於公司及個人績效之研究,台灣經濟研究院。
  4. 洪碧霞,1993,工業技術人才堷訓計畫五年長期研究工作─人才培訓對於公司及個人績效之研究,台灣經濟研究院。
  5. 簡任鍾與洪碧霞,1995,市埸區隔與促銷方式偏好之研究─家電市場為例,企銀季刊,頁106-123。
  6.  洪碧霞,1994,我國製造業人才培訓現況,台經月刊,頁33-39。
  7. 洪碧霞,1994,本國銀行營業單位經營績效與服務品質之實證研究,管理與系統,頁89-104。
  8. 洪碧霞,1994,台商赴大陸投資現況與SWOT分析,台灣證券季刊,頁30-43。
  9. 洪碧霞,1993,不同企業規模的人力資源培育,台經月刊,頁53-60。
  10. 洪碧霞,1992,銀行經營績效與服務品質之實證研究─上海商業儲蓄銀行為例,淡江大學管理科學研究所碩士論文。