Faculty-Cheng-Yi Shiu, Professor and Department Chair

Cheng-Yi Shiu, Professor and Department Chair

Education
Ph.D. in Finance, National Chengchi University, Taiwan
Research Expertise
Market Microstructure, Investment, Financial Management
EXT.
66268
Email
cshiu@ncu.edu.tw
Papers
  1. Lou, Kuo-Ren, Yang-Kai Lu, Cheng-Yi Shiu, (2020), Monitoring role of institutional investors and acquisition performance: Evidence from East Asian Markets, Pacific-Basin Finance Journal 59, Article Number 101244. (SSCI)
  2. Chen, Hung-ling, Cheng-Yi Shiu, and Hui-Shan Wei, (2019), Price effect and Investor Awareness: Evidence from MSCI Standard Index Reconstitutions, Journal of Empirical Finance 50, 93-112. (SSCI)
  3. Shiu, Chneg-Yi, and Hui-shan Wei, (2019), Intended Use of Proceeds and Long-run Performance: Evidence from Private Placements and Public Offerings in Taiwan, Journal of Financial Studies 27, Number 2, 75-120. (TSSCI)
  4. Chen, Wei-Kuang, Ching-Ting Lin, and Cheng-Yi Shiu, (2019), Price Discovery and Price Leadership of Various Investor Types: Evidence from Taiwan Futures Markets, Review of Quantitative Finance and Accounting 53 (2), 601-631.
  5. Lee, Jie‑Haun, Cheng‑Yi Shiu, Jui‑Chen Ma, and Hui‑Shan Wei (2017), The Impact of Short Selling on Stock Returns, Review of Securities and Futures Markets 29:2, 75‑106. (TSSCI) (in Chinese). DOI:10.6529/RSFM.2017.29(2).3.
  6. Hung, Chung‑Wen, and Cheng‑Yi Shiu (2016), Trader Activities, Ownership, and Stock Price Reactions to MSCI Standard Index Changes: Evidence from Taiwan, Journal of Multinational Financial Management 36, 49‑63.
  7. Hung‑Ling Chen, Edward H. Chow, and Cheng‑Yi Shiu (2015), The Informational Role of Individual Investors in Stock Pricing: Evidence from Large Individual and Small Retail Investors, Pacific‑Basin Finance Journal 31, 36‑56 (SSCI).
  8. Cheng‑Yi Shiu, and Hui‑Shan Wei, (2013), Do Private Placements Turn Around Firms? Evidence from Taiwan, Financial Management 42, 875‑899. (SSCI).
  9. Edward H. Chow, Chung‑Wen Hung, Christine S. Liu, and Cheng‑Yi Shiu (2013), Expiration Day Effects and Futures Trading Profits: Evidence from Taiwan, Review of Quantitative Finance and Accounting, 41(3), 441‑462..
  10. Chen, Hung‑ling , Edward H.Chow, and Cheng‑Yi Shiu (2013), Ex‑Dividend Prices and Investor Trades: Evidence from Taiwan, Pacific‑Basin Finance Journal , 24, 39‑65. (SSCI).
  11. Shiu, Chneg‑Yi, and Hui‑shan Wei (2013), Do Private Placements Turn Around Firms? Evidence from Taiwan, Financial Management, 42, 875‑899. (SSCI).
  12. Hung, Chung‑Wen, Cheng‑Yi Shiu, and Hui‑Shan Wei (2012), Stock Liquidity and the Choice between Public Offerings and Private Placements, Journal of Financial Studies, 20 (4), 1-22.(TSSCI).
  13. Hsu, Yenshan, and Cheng‑Yi Shiu (2010), The Overconfidence of Investors in the Primary Market, Pacific‑Basin Finance Journal, Volume 18, Issue 2, p.217‑239. (SSCI, EconLit)。
  14. Hsu, Yenshen, Chung‑Wen Hung, and Cheng‑Yi Shiu (2009), Why Have IPO Auctions Lost Market Share to Fixed‑price Offers? Evidence from Taiwan, Journal of Financial Studies, Volume 18, Issue 2, p.217-239. (SSCI, EconLit) .
  15. Huang, Roger D., and Cheng‑Yi Shiu (2009), Local Effects of Foreign Ownership in an Emerging Financial Market: Evidence from Qualified Foreign Institutional Investors in Taiwan, Financial Management 38, Issue 3, p.567‑602.. (SSCI, EconLit).
  16. Chia‑Jui Lai, Kuo‑Ren Lou, and Cheng‑Yi Shiu (2008), Foreign Investors and Stock Volatility: Evidence from Taiwan, International Journal of Information and Management Sciences, 19, 315‑328.
  17. Chia‑Jui Lai, Kuo‑Ren Lou, and Cheng‑Yi Shiu (2008), Does Foreign Investors’ Trade Predict Stock Return? Evidence from Taiwan, International Journal of Information and Management Sciences , 19, 477‑497.
  18. Li‑Wen Chen, Shu‑Hua Liu, and Cheng‑Yi Shiu (2008), Portfolio Preferences and Performance: Evidence from Domestic and Foreign Mutual Funds in Taiwan, Journal of Financial Review , 8, 21‑49.
  19. Shiu, C., and Y. Hsu (2005), The Stock Price Behavior in the Period Surrounding Lockup Expiration: The Case of Taiwan, Journal of Management, Vol. 22, No. p.569‑586.
  20. Hus, Y., and C. Shiu (2004), Information Content of Investor’s Bids in IPO Auctions: Evidences from Taiwan, Journal of Financial Studies, Vol. 12, No.1, p.27‑52.
  21. Lin, C.H., and C. Shiu (2003), Foreign Ownership in the Taiwan Stock Market‑ An Empirical Analysis, Journal of Multinational Financial Management, 13, p.19‑41.
  22. Hsu, Y., and C. Shiu (2002), IPO Underpricing and Information Proxy: A Note, Journal of Financial Studies, Vol. 10, No.3, p.63‑88.
  23. Cheng, Shuenn‑Ren, and Cheng‑Yi Shiu (2007), Investor Protection and Capital Structure: International Evidence, Journal of Multinational Financial Management , 17, No. 1, p.30‑44.
  24. Cheng, S., and C. Shiu ( 2005), Examination the Long‑Run Performance of Taiwanese Initial Public Offerings, International Journal of Information and Management Science, Vol. 16, No. 2, p.17‑34.
  25. Lin, C.H., and C. Shiu ( 2004), The Relationship between Foreign Exchange Rate and Stock Price Index of Emerging Markets in East Asia ‑ An Empirical Analysis Around 1997’s Financial Crisis, Chung Hwa Management Journal, 5, p.23‑39.
Research grant
  1. 2020，”Index membership, supply chain, and corporate social responsibility”， MOST 109-2410-H-008 -008 -MY2，MOST
  2. 2018，“The impact of institutional investor ownership on firm performance: International evidences”, MOST 107-2410-H-008 -017 -MY2，NSC
  3. 2015，“Short Sellers, Short-Selling Bans, and Price Dynamic Changes: Evidence from Taiwan”, MOST 104-2410-H-008-011-MY3，NSC
  4. 2013，“Studies on Public Firms’ Equity Financing, NSC 102-2410-H-008-018-MY2.，NSC
  5. 2010，“Research on index additions and deletions: International evidences”, NSC 99-2410-H-008-021-MY3，NSC
  6. 2009，“Short-sales restriction and market efficiency”, NSC 98-2410-H-009-038，NSC
  7. 2007，“Payout policy and behaviors of stock price and investor trading around the ex-dividend days:Evidence from Taiwan” NSC 96-2416-H-008-023-MY2，NSC
  8. 2006，“Foreign Investment Flow and Foreign Ownership in Taiwan Stock Market: Monitoring Hypothesis” NSC 95-2416-H-008-040，NSC
  9. 2005，“The Long-run Performance of Initial Public Offerings:’Earnings Management’ Hypothesis versus ‘Investor Sentiment’ Hypothesis” NSC 94-2416-H-216-003，NSC
  10. 2003，“IPO Selling Mechanisms and Aftermarket Price Behavior: Why Have Auctions Been Losing Market Share?” NSC 93-2416-H-216-003，NSC
  11. 2003，“Investor’s Sentiment and the Long-run Performance of Initial Public Offerings” NSC 92-2416-H-216-001，NSC