Wei-Hsien Li, Professor
Faculty-Wei-Hsien Li, Professor
Wei-Hsien Li, Professor
Education
Ph.D. in Finance, Virginia Tech, USA
Research Expertise
Corporate Finance, ESG, CEOs, Dividend Policy, Mergers and Acquisitions
Office
I1-827
Teaching expertise
Corporate Finance, Financial Institutions and Markets, Financial Statement Analysis, ESG
EXT.
66128
Email
Curriculum Vitae
Papers
- Sharon S. Yang, Wei-Hsien Li, and Jr-Wei Huang (2024) Institutional Investor Stewardship and Material Sustainability Information: Evidence from Taiwan, Pacific-Basin Finance Journal, 85, 102382 (SSCI, NSTC Finance Ranking: A tier 2; ABDC 2022: A)
- Debarati Bhattacharya, Tzu-Chang Forrest Cheng, Meng-Ju Chuang, Wei-Hsien Li and Zi-Peng Wang (2024) Terrorism-Induced Trauma and Corporate Innovation, Pacific-Basin Finance Journal, 85 102360 (SSCI, NSTC Finance Ranking: A tier 2; ABDC 2022: A)
- Wei-Hsien Li, Jiahang Liang, Zih-Ying Lin (2024) Option-implied information and quality of patents. European Financial Management, 30(1) 164-186 (SSCI, NSTC Finance Ranking: A tier 2; ABDC 2022: A)
- Nghia Huu Nguyen, Wei-Hsien Li (2022) Peer effects on corporate cash holdings: evidence from Vietnam. Asian Review of Financial Research, 35(2) 73-105
- Debarati Bhattacharya, Wei-Hsien Li (2020) Wealth Effects in M&A Deals: Reallocation of Physical vs. Intangible Assets. Review of Quantitative Finance and Accounting, 55(4) 1513-1548, (MOST Finance Ranking: A tier 2; ABDC 2022: B)
- Debarati Bhattacharya, Ya-Yun Kao, Wei-Hsien Li (2020), Industry Experience of Board, CEO, and Acquisition Performance, Review of Pacific Basin Financial Markets and Policies, 23(3) 205022, (MOST Finance Ranking: B; ABDC 2022: B)
- Debarati Bhattacharya, Chia-Wen Chang, Wei-Hsien Li (2020), Stages of Firm Life Cycle, Transition and Dividend Policy, Finance Research Letters, 33 101226, (SSCI; MOST Finance Ranking: A-; ABDC 2022: A)
- Debarati Bhattacharya, Shih-Che Hsu, Wei-Hsien Li, Chun-Ting Liu (2019), A Combined Firm’s Decision to Hire the Target’s Financial Advisor after Acquisition: Does “Service Excellence” Pay Off? Finance Research Letters, 29 297-302, (SSCI; MOST Finance Ranking: A-; ABDC 2022: A)
- Wei-Hsien Li (2019), Can Investor Recognition Explain the Diversification Discount? Review of Securities and Futures Markets, 31(2) 99-138 (TSSCI Tier 1; 11th UMC Management Thesis Award: Outstanding Award).
- Debarati Bhattacharya, Tai-Yu Chen, Wei-Hsien Li (2018), Product Market Threat and Corporate Investments, Advances in Pacific Basin Business Economics and Finance, 6 27-50 (MOST Finance Ranking: B)
- Wei-Hsien Li, Ghon Rhee, Carl Hsin-han Shen (2018), CEO Inside Debt and Convertible Bonds, Journal of Business Finance & Accounting, 45(1 2) 232 249 (SSCI; MOST Finance Ranking: A tier 1; ABDC 2022: A*)
- Wei-Hsien Li (2017), Do Overconfident CEOs Ignore the Market? Review of Securities and Futures Markets, 29(4) 105 146 (TSSCI: tier 1)
- Debarati Bhattacharya, Wei-Hsien Li, Gokhan Sonaer (2017), Has momentum lost its momentum? Review of Quantitative Finance and Accounting, 48(1) 191 218 (MOST Finance Ranking: A tier 2; ABDC 2022: B)
Conference papers
- “Institutional investor horizon and CSR peer imitation,” The 2024 Massey Sustainable Finance Conference, Auckland, New Zealand, Dec 2024
- “Institutional investor horizon and CSR peer imitation,” 2024 Taiwan Finance Association Annual Meeting, Kaohsiung, Taiwan, Jun 2024
- “CSR peer imitation, investment horizon heterogeneity, and firm-value,” APU CIL Conference 2024, Osaka, Japan, Jun 2024
- “CEOs' Reaction to Terrorism-Induced Trauma and Corporate Innovation,” Vietnam Symposium in Banking and Finance 2023, Hanoi, Vietnam, Oct 2023
- “Institutional Investor Stewardship and Material Sustainability Information: Evidence from Taiwan,” 2022 TRIA-FeAT Conference, Taichung, Taiwan, Dec 2022
- “Psychological Consequences of Traumatic Events: How Terrorist Attacks While in University Shape CEOs’ Outlook Towards Corporate Innovation,” 2022 TRIA-FeAT Conference, Taichung, Taiwan, Dec 2022
- “Peer effects on corporate cash holdings: evidence from Vietnam,” 2021 Frontiers in Accounting and Finance and Syntrend, Ethnic Chinese Enterprises, and Modern Management Conference, Kinmen, Taiwan, Nov 2021
- “Peer effects on corporate cash holdings: evidence from Vietnam,” International Conference on Business, Accounting, Finance and Economics 2021, Universiti Tunku Abdul Rahman, Malaysia, Online session, Oct 2021
- “Corporate Governance, Idiosyncratic Risk, and Dividend Policy,” 2021 China International Risk Forum, Online session, Jul 2021
- “The options-implied information, quality of patents, and investor sentiment,” The 28th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan, Dec 2020
- “The options-implied information, quality of patents, and investor sentiment,” The 8th Taiwan Symposium on Innovation Economics and Entrepreneurship, Taipei, Taiwan, Oct 2020
- “The options-implied information, quality of patents, and investor sentiment,” 2020 Taiwan Finance Association Annual Meeting, Puli, Taiwan, Sep 2020
- “Wealth Effects in M&A Deals: Reallocation of Physical vs. Intangible Assets,” The 27th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management, Taipei, Taiwan, Jun 2019
- “Stages of Firm Life Cycle, Transition and Dividend Policy,” 2019 Taiwan Finance Association Annual Meeting, Taipei, Taiwan, May 2019
- “Wealth Effects in M&A Deals: Reallocation of Physical vs. Intangible Assets,” The 16th Conference on the Development of Cross-Strait Financial Markets, Taipei, Taiwan, Mar 2019
- “Industry Experience of Board, CEO, and Acquisition Performance,” 2018 New Zealand Finance Meeting, Queenstown, New Zealand, Dec 2018
- “A Combined Firm’s Decision to Hire the Target’s Financial Advisor after Acquisition: Does It Pay to be ‘Loyal’?” 2018 Taiwan Finance Association Annual Meeting, Taipei, Taiwan, May 2018
- “Does Better Corporate Governance Encourage Payout? Idiosyncratic Risk, Agency Problem, and Dividend Policy,” Eastern Finance Association Annual Meeting, Philadelphia, USA, Apr 2018
- “Industry Experience of Board and Acquisition Performance,” The 25th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan, Dec 2017
- “Does Better Corporate Governance Encourage Payout? Idiosyncratic Risk, Agency Problem, and Dividend Policy,” Financial Management Association Annual Meeting, Boston, USA, Oct 2017
- “Industry Experience of Board and Acquisition Performance,” 2017 Taiwan Finance Association Annual Meeting, Hualien, Taiwan, May 2017
- “CEO Inside Debt and Convertible Bonds,” 2017 Taiwan Finance Association Annual Meeting, Hualien, Taiwan, May 2017
- “CEO Inside Debt and Convertible Bonds,” The 10th NCTU International Finance Conference, Hsinchu, Taiwan, Dec 2016
- “Information Measures and Merger Announcements,” The 24th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan, Dec 2016
- “Does Better Corporate Governance Encourage Payout? Idiosyncratic Risk, Agency Problem, and Dividend Policy,” SIBR-RDINRRU Conference on Interdisciplinary Business and Economics Research, Osaka, Japan, Jul 2016
- “Does Better Corporate Governance Encourage Higher Payout? Risk, Agency Cost, and Dividend Policy,” The 23rd Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan, Dec 2015
- “Dividend Conservatism: A Corporate Governance and Sensitivity Towards Risk Approach,” Taiwan Finance Symposium – Corporate Finance, Taipei, Taiwan, Jun 2015
- “Can Investor Recognition Explain the Diversification Discount?” 2015 Taiwan Finance Association Annual Meeting, Hsinchu, Taiwan, Jun 2015
- “Dividend Conservatism: A Corporate Governance and Sensitivity Towards Risk Approach,” The 12th Conference on the Development of Cross-Strait Financial Markets, Taipei, Taiwan, Apr 2015
- “When Do M&As Create Value?” Midwest Finance Association Annual Meeting, Chicago, USA, Mar 2015
- “Benefits and Costs of Asset Reallocation in Mergers and Acquisitions,” Financial Management Association Annual Meeting, Chicago, USA, Oct 2013
- “Do Overconfident CEOs Ignore the Market?” FMA European Conference, Luxembourg City, Luxembourg, Jun 2013
- “Do Overconfident CEOs Ignore the Market?” Behavioral Finance & International Financial Markets Theory and Empirics Conference, Taipei, Taiwan, Jan 2013
- “Benefits and Costs of Asset Reallocation in Mergers and Acquisitions,” Financial Management Association European Conference, Istanbul, Turkey, Jun 2012
- “Benefits and Costs of Asset Reallocation in Mergers and Acquisitions,” Eastern Finance Association Annual Meeting, Boston, USA, Apr 2012
Research grant
- “Further investigation on materiality in sustainability reporting among Taiwanese companies,” National Science and Technology Council 114-2410-H-008-020 MY2 (2025-2026)
- “CEO college experience and firm complexity,” National Science and Technology Council Fellowship for Visiting Scholar 114-2918-I-008-002 (2025)
- “Further investigation of innovation and firm risk,” National Science and Technology Council 112-2410-H-008-059 MY2 (2023-2024)
- “The impact of investor horizon on peer effects on dividend and CSR,” Ministry of Science and Technology 110-2410-H-008-022-MY2 (2021-2022)
- “The motivation and strategic value behind CSR investment and firm value,” Ministry of Science and Technology 109-2410-H-008-010 (2020)
- “Global Investment Performance Standard (GIPS®) and Domestic Asset Management Institutes in Taiwan,” CFA Society Taiwan (2019)
- “CEO’s lifetime cultural identity formation, cultural distance, and Corporate Social Responsibility,” Ministry of Science and Technology 108-2410-H-008-028 (2019)
- “Reallocation of Physical vs. Intangible Assets and M&A Synergy,” Ministry of Science and Technology 107-2410-H-008-027 (2018)
- “CEO’s lifetime cultural identity formation, cultural distance between the company and its CEO, and corporate financial decisions,” Ministry of Science and Technology 106-2410-H-008-034 (2017)
- Dividend Conservatism and Corporate Governance, Ministry of Science and Technology 104-2410-H-008-020 (2015)
- Redefine “Busyness”, the study on director workload and monitoring effectiveness, National Science Council 103-2410-H-008-026 (2014)
- Can Investor Recognition Explain the Diversification Discount? National Science Council 102-2410-H-008-023 (2013)
- Compensation Structure and Firm Risk: the Screening Channel, National Science Council 102-2410-H-008-001 (2013)