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Chuang, Hongwei  

所属部署名国際大学国際経営学研究科
職名准教授
更新日: 20/01/20 21:30

研究者基本情報

氏名

    Chuang, Hongwei

所属

  • 国際大学国際経営学研究科 准教授

所属学協会

    European Finance Association, American Economic Association

経歴

  • 2017年04月- 2019年03月政策研究大学院大学(客員研究員)
  • 2014年04月- 2019年03月東北大学大学院経済学研究科(准教授)

研究活動情報

研究キーワード

    ファイナンス, 医療経済

論文

  • The impacts of institutional ownership on stock returns
    Chuang, Hongwei
    Empirical Economics 2018年06月 [査読有り]
  • How international financial flows affect stock markets?
    Chuang, Hongwei (with Navruzbek Karamatov)
    Applied Economics Letters 25 1535-1546 2018年01月 [査読有り]
  • End-of-life medical spending in last twelve months of life is lower than previously
    Chuang, Hongwei (with E. French and E. Kelly among others)
    Health Affairs 36(7) 1201-1210 2017年01月 [査読有り]
  • Recent trends in Taiwanese medical spending
    Chuang, Hongwei (with Stacey H. Chen)
    Fiscal Studies 37 653-688 2016年11月 [査読有り]
  • Brokers' financial network and stock return
    Chuang, Hongwei
    The North American Journal of Economics and Finance 36 172-183 2016年04月 [査読有り]
  • Volatility persistence in stock market
    Chuang, Hongwei
    Economics Letters 133 64-67 2015年08月 [査読有り]
  • Implied price risk and momentum strategy
    Chuang, Hongwei (with Hwai-Chung Ho)
    Review of Finance 18 591-622 2014年04月 [査読有り]
  • Measuring the default risk of sovereign debt from the perspective of network
    Chuang, Hongwei (with Hwai-Chung Ho)
    Physica A: Statistical Mechanics and its Applications 392 2235-2239 2013年05月 [査読有り]

書籍等出版物

  • Alternative methods for determining option bounds: A review and comparison
    Chuang, Hongwei (with Cheng-Few Lee, Zhaodong Zhong, and Tzu Tai)
    共著
    Handbook of Financial Econometrics, Mathematics, Statistics, and Machine Learning Ch. 24
    World Scientific 2020年02月
  • Application of the characteristic function in financial research
    Chuang, Hongwei (with Ying-Lin Hsu and Cheng-Few Lee)
    共著
    Handbook of Quantitative Finance and Risk Management Ch. 38
    Springer 2010年

講演・口頭発表等

  • Physicians treating physicians: The relational advantage in treatment choice
    チャン ホンウェイ
    2020 ASSA in San Diego 2020年01月
    招待有り

受賞

  • 2018年10月 東北開発記念財団海外派遣援助賞

競争的資金

  • Population Aging, End-of-Life Medical Cost and Health Insurance Coverage Scheme
    日本学術振興会科学研究費 [19K01670 JP]:基盤研究 (C)
    代表者:陳 香如
  • Systemic Risk in Financial Markets
    日本学術振興会科学研究費 [17K13759 JP]:若手研究 (B)
    代表者:チュアン ホンウェイ
  • Systemic Analysis in Stock Market Investment
    野村財団研究助成
    代表者:チュアン ホンウェイ
  • Time Series Residual Momentum and Momentum Crash
    財団法人 石井記念証券研究振興財団
    代表者:チュアン ホンウェイ

その他

  • 2020年01月 Momentum has its own values (WP, submitted)
    Value and momentum investing strategies have been successfully implemented in finance, but conflicts between them have become the most puzzling anomaly in portfolio management. As a modern portfolio theory suggested that any investing strategy should not be assessed in isolation and this paper proposes an alternative investing method to form a momentum portfolio while considering its fundamental value at the same time. I find more high value-adjusted momentum portfolios have more substantial growth. The portfolio and regression tests also show that the proposed method can not only mitigate the impact of unexpected financial shocks but also inherit the downside risk, especially the market is during a turbulent time.
  • 2020年01月 How much does nominal share price matter? (WP, submitted)
    While splitting a stock can allow firm managers to keep the nominal share price remaining a constant level and attracting more investors, however, it also increases the likelihood of speculated trading by those who have limited budgets and risk share capacity. This paper shows stocks with immediate nominal share price levels contain more price momentum and utilize less systemic risk. Explicitly controlling for stock splits, the constant nominal share price can make information diffuse more slowly and lead to higher price momentum.


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