| Name | Feng-Tse Tsai |
|---|---|
| Current Position | Professor |
| Education Background | Ph.D., Institute of International Business, National Taiwan University (International Finance Group) M.S., Institute of Finance, National Taiwan University (Financial Engineering Group) B.S., Department of Physics, National Taiwan University |
| Experience | Aug 2015 - Jul 2020: Associate Professor, Department of Finance, Asia University Aug 2010 - Jul 2015: Assistant Professor, Department of Finance, Asia University Aug 2009 - Jul 2010: Postdoctoral Researcher, Department of International Business, National Taiwan University Aug 2002 - Sep 2003: Foreign Exchange Trader, Finance Department, First Commercial Bank Apr 2002 - Jul 2002: Researcher, Derivatives Department, Capital Securities Jul 2000 - Mar 2002: Second Lieutenant, ROC Army 10th Corps |
| Experience | Credit Risk, Asset Pricing, Financial Engineering, Risk Management |
| Courses | Financial Statement Analysis, Financial Risk Management, Financial Management, Financial Risk Management |
| Office Tel No. | 05-6313353 |
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期刊論文
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| 1. | Feng-Tse Tsai (2019) “Option Implied Stock Buy-Side and Sell-Side Market Depths,” Risks, 7(4): 108. [ESCI]（本人為單一作者） |
| 2. | Wing-Keung Wong, Hooi Hooi Lean, Michael McAleer, and Feng-Tse Tsai (2018) “Why Are Warrant Markets Sustained in Taiwan but Not in China?” Sustainability, 10, 3748. [SSCI] （本人為通訊作者） |
| 3. | Feng-Tse Tsai, Hsin-Min Lu, and Mao-Wei Hung (2016) “The Impact of News Articles and Corporate Disclosure on Credit Risk Valuation,” Journal of Banking & Finance, 68, pp.100-116. [SSCI, 財務A tier-1]（本人為第一、通訊作者） |
| 4. | Jung-Hsien Chang, Mao-Wei Hung, and Feng-Tse Tsai (2015) “Credit Contagion and Competitive Effects of Bond Rating Downgrades Along the Supply Chain,” Finance Research Letters, 15, pp.232-238. [SSCI, 財務B+]（本人為通訊作者） |
| 5. | Feng-Tse Tsai, and Hsien-Yi Chen (2015) “The Announcement Effects of Credit Ratings along the Supply Chain,” Review of Securities and Futures Markets, 27(3), pp.31-64. [TSSCI]（本人為第一作者） |
| 6. | Jow-Ran Chang, Mao-Wei Hung, and Feng-Tse Tsai (2012) “Cross-Market Hedging Strategies for Credit Default Swaps under Markov Regime Switching Framework,” Journal of Fixed Income, 22(2), pp.44-56. [FLI, 財務A-]（本人為通訊作者） |
| 7. | Hsin-Min Lu, Feng-Tse Tsai, Hsinchun Chen, Mao-Wei Hung, and Shu-Hsing Li (2012) “Credit Rating Change Modeling Using News and Financial Ratios,” ACM Transactions on Management Information Systems, 3(3), pp.14:1-14:30. [EI]（本人為通訊作者） |
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國際研討會論文
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| 1. | Hsien-Yi Chen, and Feng-Tse Tsai (2020) “Credit Contagion and Risk Sharing among State Governments,” International Conference of Taiwan Finance Association (TFA2020), Puli Nantou, September 25-26, 2020 (Research Paper Award). |
| 2. | Chia-Fen Tsai, Feng-Tse Tsai, and Ming-Ju Chiang (2019) “Do Retail Short Sellers Profit from Investor Optimistic Sentiment,” 27th SFM Conference 2019, Kaohsiung, December 6-7, 2019. |
| 3. | Feng-Tse Tsai, and Ping-Chao Wu (2019) “Media Management in Corporate Bankruptcy Process,” Asia-Pacific Conference on Economics & Finance, Singapore, July 25-26, 2019. |
| 4. | Feng-Tse Tsai, Wing-Keung Wong, Hooi Hooi Lean, and Michael McAleer (2018) “Why did Warrant Markets Close in China but not Taiwan?” World Finance Conference, Taiwan, December 13-14, 2018. |
| 5. | Feng-Tse Tsai, Chia-Fen Tsai, and Ping-Chao Wu (2018) “The Impact of CEOs’ Incentives and Experience on Corporate Credit Risk” International conferences on Economics and Social Sciences (ICESS), Hong Kong, April 27-28, 2018. |
| 6. | Feng-Tse Tsai, and Ping-Chao Wu (2016) “Distinct Reactions of Stock Market for Different Compensation Forms during the Chinese Split Share Reform,” International Business Research, Economics, Finance and MIS Conference, Hokkaido, July 20-21, 2016. |
| 7. | Feng-Tse Tsai, and Jung-Hsien Chang (2014) “Information Transfer Effect of Bond Rating Downgrades within the Industry and along the Supply Chain: Evidence from CDS Market,” IFMA, Bali, December 16-17, 2014. |
| 8. | Feng-Tse Tsai, and Hsin-Min Lu (2013) “Effect of Public News Risk and Sentiment on Credit Default Swap Market,” IFMA, Bali, December 10-11, 2013. |
| 9. | Feng-Tse Tsai, and Hsin-Min Lu (2010) “The Effects of News Sentiment and Coverage on Credit Rating Analysis,” Proceedings of the 14th Pacific Asia Conference on Information Systems, Taipei, July 9-12, 2010. |
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專書
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| 1. | Feng-Tse Tsai (2009) “Asset Prices and Liquidity,” Ph.D. dissertation. |
| 2. | Feng-Tse Tsai (2000) “Pricing Credit Derivatives: applying default-recovery model,” Master thesis. |
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執行計畫
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| 1. | 信用違約交換與執行長薪酬結構 （民國109年，科技部） |
| 2. | 州政府信用風險及地方政府與公司的政治連結（自由型國際合作加值，民國108年，科技部） |
| 3. | 州政府的信用風險感染及風險分攤（民國107年，科技部） |
| 4. | 文字資訊在公司財務危機的角色 [國外短期訪問（新加坡南洋理工大學）] （民國107年，科技部） |
| 5. | 媒體、執行長與公司破產（民國106年，科技部） |
| 6. | 考慮流動性下的市政信用違約交換評價（民國105年，科技部） |
| 7. | 選擇權隱含之股票市場流動性：以中國權證研究（民國104年，科技部） |
| 8. | 債券評等調降在供應鏈的資訊傳遞效果：以信用違約交換為例（民國103年，科技部） |
| 9. | 中國股權分置改革之研究（民國102年，亞洲大學） |
| 10. | 公司信用事件之經濟關聯性（民國101年，亞洲大學） |
| 11. | 信用違約交換買賣價差之隱含資訊（民國100年，國科會） |
| 12. | 新聞情緒性字眼與涵蓋度對信用市場之影響（民國99年，國科會） |
| 13. | 流動性與資產定價 [千里馬計畫 (美國賓州州立大學)] （民國95年，國科會） |
| Period |
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產學合作
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| 1. | 金融大數據與人工智能投資應用就業學程（協同主持人，民國109年，勞動部） |
| 2. | 金融大數據與人工智能投資應用就業學程（計畫主持人，民國108年，勞動部） |
| 3. | 金融大數據與人工智能投資應用就業學程（計畫主持人，民國107年，勞動部） |
| 4. | 證券投資與權證避險操作實務-財金資訊系統之應用 （協同主持人，民國105年，勞動部） |
| 5. | 證券投資與權證避險操作實務-財金資訊系統之應用 （協同主持人，民國104年，勞動部） |
| 6. | 中國大陸證券市場之投資研究 （計畫主持人，民國104年，宜南投資） |
| 7. | 財務管理題庫製作 （計畫主持人，民國103年，華泰文化） |
