© 2018 NTNU

中文版
  • Professor
  • Chou, De-Wai
  • Discipline: Financial Management, Corporate Finance
  • E-mail：dwchou@ntnu.edu.tw
  • Tel：+886-2-77493305
  • Education: Ph.D. in Finance, Drexel University
  1. Chinese firms offer unique insight into capital structure dynamics because tradeoffs and constraints involved differ greatly from Western firms. Greater constraints on equity issuance combined with lesser tax benefits and bankruptcy cost should present fewer incentives for a target capital structure. Nevertheless, we find the capital structure behavior over time of Chinese firms is similar to US firms in gravitating toward a common mean and exhibiting at least as much persistence, and a similar speed of adjustment. Perhaps capital structure dynamics of both American and Chinese firms are based on managerial preferences that stem from tradition or observed practices rather than any of the extant theories.
  2. De-Wai Chou, Lin Lin, Pi-Hsia Hung, Chun Heng Lin(2017,Jan). A revisit to economic exposure of U.S. multinational corporations. North American Journal of Economics and Finance(SSCI, Economics and Finance, IF:1.36; ISSN:1062- 9408)
  3. Chia- Ying Chan, De-Wai Chou, Huai-Chun Lo(2017, Jan). Do financial constraints matter when firms engage in CSR?. North American Journal of Economics and Finance(SSCI, Economics and Finance,IF:1.36; ISSN: 1062- 9408). MOST100-2628-H-003-003-MY3
  4. Chan, Chia-Ying, David Chou*, and Christine W. Lai, 2016, Does the Stock Market Favor Socially Responsible Firms? Evidence from SEOs, Taiwan Economic Review 44, 339-377 .(TSSCI)
  5. Chou, De-Wai , Pei-Ching Huang, and Christine W. Lai*, 2016, New Mutual Fund Managers: Why Do They Alter Portfolios? Journal of Business Research 69, 2167-2175. [SSCI (5-Year Impact Factor: 2.67), Corresponding Author, 科技部管理領域推薦期刊; 2016「第十屆證券暨期貨金椽獎」小論文組甲等獎]
  6. Chia-Ying Chan, De-Wai Chou, Jane-Raung Lin, Feng-Ying Liu (2016, Jan). The Role of Corporate Governance in Forecasting Bankruptcy: Pre- and Post- SOX Enactment. North American Journal of Economics and Finance, 35 (2016): 166-188. (SSCI).
  7. Chen, Hsuan-Chi, De-Wai Chou*, Christine W. Lai, and Yi-Ting Yeh, 2014, The Role of Lending-Relationship Banks in the Underwriting of Seasoned Equity Offerings: Conflict of Interest or Certification, The North American Journal of Economics and Finance 28, 327-346. (SSCI)
  8. J. R. Philip Lin, Chia-Jane Wang, De-Wai Chou and Chueh-Fei Chun, “Financial constraint and the choice between leasing and debt”, International Review of Economics and Finance(SSCI; ISSN: 1059-0560), Vol.27, pp. 171-182, June, 2013.
  9. Chou, De-Wai, J. R. Philip Lin, Chia-Ying Chan and Shih-Cheng Chang, “The Impact of Earnings Management on the Choice of Debt Maturity Structure”, Management Review (TSSCI), Volume 30 No.4, 2011.
  10. Chou, De-Wai, Michael Gombola and Feng-Ying Liu, “Earnings Management and Long-Run Stock Performance Following Private Equity Placements” Review of Quantitative Finance and Accounting(FLI), Volume 34 No. 2, pp. 225-245. 2010.
  11. Yang Sheng-Yung, Lin Lin, De-Wai Chou and Hsiao-Chen Cheng, “Merger Drives and the Change of Bidder Shareholders’ Wealth,” Service Industrial Journal (SSCI), 20 October 2009 (iFirst).
  12. Chou, De-Wai, Michael Gombola and Feng-Ying Liu, “Long-Run Stock Performance Following Private Placement of Equity: The Role of Growth Opportunity”, Quarterly Review of Economics and Finance (FLI), Volume 49, Issue 3, August 2009, Pages 1113-1128.
  13. Chou, De-Wai, Yi Liu, and Zaher Zantout, “Long-Term Stock Performance following Extraordinary and Special Cash Dividends,” Quarterly Review of Economics and Finance(FLI), Vol.49, No.1, Jan., 54-73, 2009.
  14. Chou, De-Wai, C. Edward Wang, Sheng-Syan Chen and Sandra Tsai “Earnings Management and the Long-Run Underperformance of Firms Following Convertible Debt Offerings”, Journal of Business Finance and Accounting (SSCI), Vol.36, No.1, March, pp.73-98, 2009.
  15. De-Wai Chou, De-Wai, Lin Lin, Yen-Chih Lin, and Yanzhi Wang*, 2008. The Sources of Value Premiums- Fundamental Analysis Approach. Management Review (管理評論) 27, 4, 57-58.
  16. All that Glitters is not Gold: False Signals from Open-Market Share Repurchases, (with J. R. Philip Lin, and C. Edward Wang), 臺灣財務金融學會學術研討會，Taichung, June, 8-9, 2007.
  17. Yang, Sheng-Yung, De-Wai Chou, Shuh-Chyi Doong and Hung-Wei Lin, “Financial Analyst Characteristics and Accuracy in EPS Forecasting”, Journal of Management (TSSCI), Vol.24, No.4, August, 469-484, 2007.
  18. Wang, C. Edward, De-Wai Chou, and Hung-Rong Chen, “Determinant Factors of Payment Method of Mergers and Market Reaction,” Review of Securities and Futures Markets (TSSCI), Vol. 18, No. 2, Oct. 2006.
  19. Chou, De-Wai, Michael Gombola and Feng-Ying Liu, “Earnings Management and Stock Performance of Reverse Leveraged Buyouts,” Journal of Financial and Quantitative Analysis (SSCI), Vol. 41 Issue 2, Jun. 2006, 407-438, 32p.
  20. Lin Lin, Jenifer Piesse and De-Wai Chou, “Acquiring Firm Characteristics and Stock Market Efficiency: A case Study Approach,” International Journal of Financial Services and Management (ABI), Vol. 6 No.6, 2005, 576-598.