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
weihsienli@ncu.edu.tw
Curriculum Vitae

Wei-Hsien Li

Papers
 
  1. 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)
  2. 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)
  3. 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)
  4. 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
  5. 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)
  6. 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)
  7. 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)
  8. 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)
  9. 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).
  10. 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)
  11. 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*)
  12. Wei-Hsien Li (2017), Do Overconfident CEOs Ignore the Market? Review of Securities and Futures Markets, 29(4) 105 146 (TSSCI: tier 1)
  13. 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
  1. “Institutional investor horizon and CSR peer imitation,” The 2024 Massey Sustainable Finance Conference, Auckland, New Zealand, Dec 2024
  2. “Institutional investor horizon and CSR peer imitation,” 2024 Taiwan Finance Association Annual Meeting, Kaohsiung, Taiwan, Jun 2024
  3. “CSR peer imitation, investment horizon heterogeneity, and firm-value,” APU CIL Conference 2024, Osaka, Japan, Jun 2024
  4. “CEOs' Reaction to Terrorism-Induced Trauma and Corporate Innovation,” Vietnam Symposium in Banking and Finance 2023, Hanoi, Vietnam, Oct 2023
  5. “Institutional Investor Stewardship and Material Sustainability Information: Evidence from Taiwan,” 2022 TRIA-FeAT Conference, Taichung, Taiwan, Dec 2022
  6. “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
  7. “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
  8. “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
  9. “Corporate Governance, Idiosyncratic Risk, and Dividend Policy,” 2021 China International Risk Forum, Online session, Jul 2021
  10. “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
  11. “The options-implied information, quality of patents, and investor sentiment,” The 8th Taiwan Symposium on Innovation Economics and Entrepreneurship, Taipei, Taiwan, Oct 2020
  12. “The options-implied information, quality of patents, and investor sentiment,” 2020 Taiwan Finance Association Annual Meeting, Puli, Taiwan, Sep 2020
  13. “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
  14. “Stages of Firm Life Cycle, Transition and Dividend Policy,” 2019 Taiwan Finance Association Annual Meeting, Taipei, Taiwan, May 2019
  15. “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
  16. “Industry Experience of Board, CEO, and Acquisition Performance,” 2018 New Zealand Finance Meeting, Queenstown, New Zealand, Dec 2018
  17. “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
  18. “Does Better Corporate Governance Encourage Payout? Idiosyncratic Risk, Agency Problem, and Dividend Policy,” Eastern Finance Association Annual Meeting, Philadelphia, USA, Apr 2018
  19. “Industry Experience of Board and Acquisition Performance,” The 25th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan, Dec 2017
  20. “Does Better Corporate Governance Encourage Payout? Idiosyncratic Risk, Agency Problem, and Dividend Policy,” Financial Management Association Annual Meeting, Boston, USA, Oct 2017
  21. “Industry Experience of Board and Acquisition Performance,” 2017 Taiwan Finance Association Annual Meeting, Hualien, Taiwan, May 2017
  22. “CEO Inside Debt and Convertible Bonds,” 2017 Taiwan Finance Association Annual Meeting, Hualien, Taiwan, May 2017
  23. “CEO Inside Debt and Convertible Bonds,” The 10th NCTU International Finance Conference, Hsinchu, Taiwan, Dec 2016
  24. “Information Measures and Merger Announcements,” The 24th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan, Dec 2016
  25. “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
  26. “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
  27. “Dividend Conservatism: A Corporate Governance and Sensitivity Towards Risk Approach,” Taiwan Finance Symposium – Corporate Finance, Taipei, Taiwan, Jun 2015
  28. “Can Investor Recognition Explain the Diversification Discount?” 2015 Taiwan Finance Association Annual Meeting, Hsinchu, Taiwan, Jun 2015
  29. “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
  30. “When Do M&As Create Value?” Midwest Finance Association Annual Meeting, Chicago, USA, Mar 2015
  31. “Benefits and Costs of Asset Reallocation in Mergers and Acquisitions,” Financial Management Association Annual Meeting, Chicago, USA, Oct 2013
  32. “Do Overconfident CEOs Ignore the Market?” FMA European Conference, Luxembourg City, Luxembourg, Jun 2013
  33. “Do Overconfident CEOs Ignore the Market?” Behavioral Finance & International Financial Markets Theory and Empirics Conference, Taipei, Taiwan, Jan 2013
  34. “Benefits and Costs of Asset Reallocation in Mergers and Acquisitions,” Financial Management Association European Conference, Istanbul, Turkey, Jun 2012
  35. “Benefits and Costs of Asset Reallocation in Mergers and Acquisitions,” Eastern Finance Association Annual Meeting, Boston, USA, Apr 2012
Research grant
  1. “Further investigation on materiality in sustainability reporting among Taiwanese companies,” National Science and Technology Council 114-2410-H-008-020 MY2 (2025-2026)
  2. “CEO college experience and firm complexity,” National Science and Technology Council Fellowship for Visiting Scholar 114-2918-I-008-002 (2025)
  3. “Further investigation of innovation and firm risk,” National Science and Technology Council 112-2410-H-008-059 MY2 (2023-2024)
  4. “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)
  5. “The motivation and strategic value behind CSR investment and firm value,” Ministry of Science and Technology 109-2410-H-008-010 (2020)
  6. “Global Investment Performance Standard (GIPS®) and Domestic Asset Management Institutes in Taiwan,” CFA Society Taiwan (2019)
  7. “CEO’s lifetime cultural identity formation, cultural distance, and Corporate Social Responsibility,” Ministry of Science and Technology 108-2410-H-008-028 (2019)
  8. “Reallocation of Physical vs. Intangible Assets and M&A Synergy,” Ministry of Science and Technology 107-2410-H-008-027 (2018)
  9. “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)
  10. Dividend Conservatism and Corporate Governance, Ministry of Science and Technology 104-2410-H-008-020 (2015)
  11. Redefine “Busyness”, the study on director workload and monitoring effectiveness, National Science Council 103-2410-H-008-026 (2014)
  12. Can Investor Recognition Explain the Diversification Discount? National Science Council 102-2410-H-008-023 (2013)
  13. Compensation Structure and Firm Risk: the Screening Channel, National Science Council 102-2410-H-008-001 (2013)