Ji-Chai Lin,Professor

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Faculty-Ji-Chai Lin,Professor

Ji-Chai Lin,Professor

Education
Ph.D., Finance, University of Iowa
Research Expertise
Investments, Corporate Finance, Market Microstructure, Investor Behavior, Market Efficiency, Analyst Recommendations, and IPOs
Office
I1-804
Teaching expertise
Corporate Finance 、Incentives and Monitoring in AccountingFinancial Management
EXT.
66285
Email
jclin@ncu.edu.tw
Curriculum Vitae

JC Lin(PDF, 158 KB)

 

Papers
  1. “What Are Benefits of Attracting Gambling Investors? Evidence from Stock Dividends in China,” (with Conghui Hu and Yu-Jane Liu), Journal of Corporate Finance, Volume 74, June 2022.
  2. “Does Air Quality Affect Inventor Productivity? Evidence from the NOx Budget Program,” (with Yue Luo and Yangyang Chen), Journal of Corporate Finance, Volume 73, April 2022.
  3. “Volatility-of-volatility Risk in Asset Pricing,” (with Te-Feng Chen, San-Lin Chung, and Tarun Chodia), Review of Asset Pricing Studies, Volume 12, March 2022, 289–335.
  4. “Does Economic Policy Uncertainty Drive the Initiation of Corporate Lobbying?” (with Longfei Shang and Walid Saffar), Journal of Corporate Finance, Volume 70, October 2021.
  5. “Why Have Many U.S.-Listed Chinese Firms Announced Going Private Recently?,” (with Gang Hu, Owen Wong, and Manning Yu), Global Finance Journal, 41 (2019), 13-31.
  6. “What do stock price levels tell us about the firms?” (with Konan Chan, Fengfei Li, and Tse-Chun Lin), Journal of Corporate Finance, Volume 46, October 2017, Pages 34–50.
  7. “R&D premium and Takeover Risk,” (with Yanzhi (Andrew) Wang), Accounting Review, May 2016, Vol. 91, No. 3, pp. 955-971.
  8. “Limited Attention, Share Repurchases, and Takeover Risk,” (with Clifford Stephens and YiLin Wu), Journal of Banking and Finance, Volume 42, May 2014, Pages 283–301.
  9. “Price Delay Premium and Liquidity Risk,” (with Ajai K. Singh, Ping-Wen (Steven) Sun, and Wen Yu), Journal of Financial Markets, Volume 17, January 2014, Pages 150–173.
  10. “Underwriting Fees and Shareholder Rights,” (with Bahar Ulupinar), Journal of Business Finance and Accounting, Volume 40, Issue 9-10, pages 1276 1303, November/December 2013.
  11. “Corporate Governance and Analyst Behavior,” (with V. Tai), Asia-Pacific Journal of Financial Studies, Volume 42, Issue 2, 228–261, April 2013.
  12. “SEO Timing and Liquidity Risk,” (with YiLin Wu), Journal of Corporate Finance, Volume 19, 95–118, February 2013.
  13. "Information, Sophistication, and Foreign versus Domestic Investors’ Performance,” (with L. Chen, S. Johnson, and J. Liu), Journal of Banking and Finance, Volume 33, No. 9, 1636-1651, September 2009.
  14. "Stock Splits, Trading Continuity, and the Cost of Equity Capital,” (with A. Singh, and W. Yu), Journal of Financial Economics, Volume 93, No. 3, 474-489, September 2009.
  15. "IPO Auctions and Private Information,” (with Y.T. Lee and J. Liu), Journal of Banking and Finance, Vol. 31, No. 5, 1483-1500, May 2007.
  16. "Dividend Policy, Signaling, and Discounts on Closed-End Funds,” (with S. Johnson and R. Song), Journal of Financial Economics, Vol. 81, No. 3, 539-562, September 2006.
  17. "Trading and Pricing in Upstairs and Downstairs Stock Markets," (with G. Booth, T. Martikainen, and Y. Tse), Review of Financial Studies, Vol. 15, No. 4, 1111 1135, 2002.
  18. "Internalization and Stock Price Clustering: Finnish Evidence" (with G. Booth, J.P. Kallunki, and T. Martikainen), Journal of International Money and Finance, Vol. 19, 737-751, 2000.
  19. "Trading Patterns of Big versus Small Players in an Emerging Market: An Empirical Analysis" (with Y.T. Lee and Y.J. Liu), Journal of Banking and Finance, Vol. 23, No. 5, 701-725, 1999.
  20. "Risk Clienteles and Cross-Security Marketmaking: Evidence from Calls of Convertible Preferred Securities" (with J.S. Howe and A.K. Singh), Financial Management, Vol. 27, No. 4, 41-52, Winter 1998.
  21. "External Information Costs and the Adverse Selection Problem: A Comparison of OTC and NYSE Stocks" (With G. Sanger and G.G. Booth), International Review of Financial Analysis, Vol. 7, 113-136, 1998.
  22. "Market Structure, Informed Trading, and Analysts' Recommendations" (with S. Kim and M. Slovin), Journal of Financial and Quantitative Analysis, Vol. 32, December 1997.
  23. "Volatility and Liquidity at the Opening Call: A Closer Look" (with J.H. Lee), Journal of Financial Research, vol. 18, Winter 1995.
  24. "Trade Size and Components of the Bid-Ask Spread" (with G.G. Booth and G. Sanger), Review of Financial Studies, Vol. 8, Winter 1995.
  25. "The Speed of Adjustment of Prices to Private Information: Empirical Tests" (with M. Rozeff), Journal of Financial Research, Vol. 18, Summer 1995.
  26. "Price Adjustment Delays and Arbitrage Costs: Evidence from the Behavior of Convertible Preferred Prices" (with M. Rozeff), Journal of Financial and Quantitative Analysis, Vol. 30, March 1995.
  27. "Variance, Return, and High-Low Price Spreads" (with M. Rozeff), Journal of Financial Research, Vol. 17, Fall 1994.
  28. "Trade Size and Components of the Bid-Ask Spread" (with G. Sanger and G.G. Booth), Journal of Finance, Abstract, Vol. 49, July 1994.
  29. "The Effect of Redemption Calls on Stock Returns" (with K.C. Chen), Review of Business Studies, Vol. 2, 1993.
  30. "The Relation between Aggregate Insider Transactions and Stock Market Returns" (with M. Chowdhury and J.S. Howe), Journal of Financial and Quantitative Analysis, September 1993.
  31. "Fads and the Crash of '87" (with M. Chowdhury), Financial Review, August 1993.
  32. "Order Persistence, Adverse Selection, and Gross Profits Earned By NYSE Specialists," Journal of Finance, Abstract, July 1993.
  33. "Capital Market Behavior and Operational Announcements of Layoffs, Operation Closings, and Pay Cuts" (with M. Rozeff), Review of Quantitative Finance and Accounting, March 1993.
  34. "The Bid-Ask Spreads of American Depositary Receipts" (with J.S. Howe), Pacific Basin Capital Market Research: Volume III, 1992.
  35. "Dividend Policy and the Bid-Ask Spread: An Empirical Analysis" (with J.S. Howe), Journal of Financial Research, Spring 1992.
  36. "Partially Anticipated Convertible Calls" (with K.C. Chen), Financial Review, November 1991.
  37. "Insider Trading in the OTC Market" (with J.S. Howe), Journal of Finance, September 1990.
Conference papers
  1. Western Economic Association Meeting, 2005.
  2. Western Finance Association Meetings, 1989 and 1991.
  3. Southern Finance Association Meetings, 1988.
  4. SFM Conference, 2007, 2009, 2010, 2011, 2012, 2013, 2014.
  5. Pacific-Basin Finance Conference, 1991, 1996, and 2004.
  6. NTU International Conference, 2008.
  7. Midwest Finance Association Meetings, 1987, 2012.
  8. Financial Management Association Meetings, 1988-1997, 1999, 2004-2008, 2010, 2011, 2012, 2013.
  9. European Financial Management Association Meetings, 2003.
  10. European Finance Association Meetings, 1995, 2000, and 2001.
  11. American Finance Association Meetings, 1992, 1993 and 1994.