• Professor
    Chairperson of Director of Research Center for Artificial Intelligence in Investment and Asset Management
  • Tsai, Shih-Chuan
  • Discipline: Currency Derivative Securities, Financial Decision and Behavior Analysis
  • E-mail:chuant@ntnu.edu.tw
  • Tel:+886-2-77493299
  • Education: Ph.D. in Finance and Economics, Boston University
  1. Ahn, Yongkil and Shih-Chuan Tsai, “What Factors Are Associated with Stock Price Jumps in High Frequency?”, Pacific-Basin Finance Journal, v. 69, n. 1, Dec. 2021.
  2. Fung, Scott and Shih-Chuan Tsai, “The Price Discovery Role of Day Traders in Futures Markets”, Journal of Empirical Finance, forthcoming
  3. Lin, William T., Z. H. Huang, and Shih-Chuan Tsai, “Fast Trading and Price Discovery in the Financial Crisis: Evidence from the Taiwan Futures Market”, In: Wang G., Lin X., Hendler J., Song W., Xu Z., Liu G. (eds) Web Information Systems and Applications. WISA 2020. Lecture Notes in Computer Science, v. 12432, Sep. 2020, Springer, Cham.
  4. Lin, William T., Shih-Chuan Tsai, Zhenlong Zheng, and Shuai Qiao, “Retrieving Aggregate Information from Option Volume” International Review of Economics and Finance, v. 58, Nov. 2017.
  5. Jarrow, Robert, Scott Fung and Shih-Chuan Tsai, “An Empirical Investigation of Large Trader Market Manipulation in Derivatives Markets”, Review of Derivatives Research, v. 21, n. 3, Oct. 2018.
  6. Lin, William T., Shih-Chuan Tsai, Zhenlong Zheng, and Shuai Qiao, “Does Options Trading Convey Information on Futures Prices?” North American Journal of Economics and Finance, v. 39, Jan. 2017.
  7. Fung, Scott and Shih-Chuan Tsai, “Information Content of Investors’ Demand for Volatility”, Journal of Futures and Options, v. 10, n. 3, Dec. 2017.
  8. Lin, William T., Shih-Chuan Tsai, and Peter Chiu, “Do Foreign Institutions Outperform in the Taiwan Options Market?” North American Journal of Economics and Finance, v. 35, Feb. 2016.
  9. Sun, David, Shih-Chuan Tsai, and Chun-Da Chen “Decomposing Risks in Bond Portfolio: An International Evidence”, Journal of Fixed Income, v. 26, n. 1, Summer 2016.
  10. Fung, Scott and Shih-Chuan Tsai, “Stock Market Driven Investment: New Evidence on Information, Financing and Agency Effects”, Applied Economics, v. 47, n. 27, 2015.
  11. Chen, Zhijuan, William T. Lin, Changfeng Ma and Shih-Chuan Tsai, “Liquidity provision by Individual Investor Trading prior to Dividend Announcements: Evidence from Taiwan”, North American Journal of Economics and Finance, v. 28, April 2014.
  12. Tsai, Shih-Chuan, “Individuals’ Trading Prior to Earnings Announcements in the Taiwan Stock Market”, Journal of Business Finance and Accounting, v. 41, n. 9, Dec. 2014.
  13. Tsai, Shih-Chuan, “Investors' Information Advantage and Order Choices in an Order-driven Market”, Pacific-Basin Finance Journal, v. 21, n. 1, Jan. 2013.
  14. Sun, David S., Wei Wang, and Shih-Chuan Tsai, “Behavioral Investment Strategy Matters: A Statistical Arbitrage Approach”, Emerging Markets Finance and Trade, v. 49, n. 3, June 2013.
  15. Lin, William T., Shih-Chuan Tsai, and Pei-Yau Lung, “Investors’ Herd Behavior: Rational or Irrational”, Asia-Pacific Journal of Financial Studies, v. 42, n. 5, Dec. 2013.
  16. Tsai, Shih-Chuan, “Liquidity and Yield Curve Estimation”, Emerging Markets Finance and Trade, v. 48, n. 5, Oct. 2012.
  17. Fung, Scott and Shih-Chuan Tsai, “Institutional Ownership and Corporate Investment Performance”, Canadian Journal of Administrative Sciences, v. 29, n. 4, Dec. 2012.
  18. Lin, William T., Shih-Chuan Tsai, and David S. Sun, “Search Costs and Investor Trading Activity: Evidences from Limit Order Book”, Emerging Markets Finance and Trade, v. 48, n. 3, June 2012.
  19. Lin, William T., David S. Sun, and Shih-Chuan Tsai, “Does Trading Remove or Bring Frictions?”, Emerging Markets Finance and Trade, v. 48, Dec. 2012.
  20. Chiu, Chi-Chen, Shih-Chuan Tsai, and Tsui-Huang Wu, “Asymmetric Nonlinear Mean Reversion in Nine Stock Index Futures Markets”, International Research Journal of Finance and Economics, Issue 101, Nov. 2012.
  21. Lin, William T., Shih-Chuan Tsai, and David S. Sun, “Price Informativeness and Predictability: How Liquidity Help”, Applied Economics, v. 43, n. 17, 2011.
  22. Cheung, William, Scott Fung and Shih-Chuan Tsai, “Global Capital Market Interdependence and Spillover Effect of Credit Risk: Evidence from 2007-2009 Global Financial Crisis”, Applied Financial Economics, v. 20, n. 1, Jan 2010.
  23. Cheung, William, Scott Fung and Shih-Chuan Tsai, “The Impacts of Managerial and Institutional Ownerships on Firm Performance: The Role of Stock Price Informativeness and Corporate Governance”, Corporate Ownership and Control, v. 6, n. 4, Summer 2009.
  24. Fung, Scott and Shih-Chuan Tsai, “When Does the Options Market Lead the Futures Market? Evidence from Taiwan's Emerging Derivatives Market”, Review of Futures Markets, v. 18, n. 2, Nov. 2009.
  25. Fung, Scott, Hoje Jo, and Shih-Chuan Tsai, “Agency Problems in Stock Market Driven Acquisitions”, Review of Accounting and Finance, v. 8, n. 4, Dec. 2009.
  26. Tsai, Shih-Chuan, “Information Asymmetry and Corporate Investment Decisions: A Dynamic Approach”, Financial Review, v. 43, n. 2, May 2008.
  27. Fung, Scott and Shih-Chuan Tsai, “Interrelationship Between Options, Futures, and Stock Markets”, Journal of Emerging Markets, v. 13, n. 2, Summer 2008.
  28. Tsai, Shih-Chuan, “Strategic Debt Service and Investment Distortions”, Applied Economics, v. 39, n. 11, June 2007.
  29. Tsai, Shih-Chuan, "A Markov Chain Model for Valuing Credit Risk ", China Accounting and Finance Review, v. 8, n. 3, Sep. 2006.
  30. Tsai, Shih-Chuan, “Dynamic Models of Investment Distortions”, Review of Quantitative Finance and Accounting, v. 25, n. 4, Dec. 2005.
  31. Tsai, Shih-Chuan, "Valuation of R&D and Advertising Expenditures", Journal of Contemporary Accounting, v. 2, n. 1, May 2001.