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Dr. Po-Hsuan HSU

Finance

Associate Professor

CV

3917 5220
Dr. Po-Hsuan HSU

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Biography

Po-Hsuan (Paul) Hsu is currently an associate professor of finance in University of Hong Kong. He received his Ph.D. degree in finance from the Graduate School of Business, Columbia University in 2007. He also holds a master degree in management of technology from National Chiao-Tung University and a bachelor degree in international business from National Taiwan University. He is also a fellow of Batten Institute of Darden School of Business, University of Virginia.

His research agenda focuses on the role of technological innovation in financial markets. He serves as a panelist/mentor for the Junior Faculty Consortium in Academy of Management Conference (Technology and Innovation Management Division), and has organized several conferences in innovation and finance, including the AIEA-NBER Conference, HKU Symposium on Innovation Strategy and Entrepreneurial Finance, and Hong Kong joint Finance Research Workshop. His research has been published in or accepted by several academic journals including Journal of Financial Economics, Review of Financial Studies, Journal of International Economics, Journal of Financial and Quantitative Analysis, Contemporary Accounting Research, Financial Management, Journal of Empirical Finance, Journal of Corporate Finance, Journal of Financial Econometrics, Journal of Applied Corporate Finance, and Quantitative Finance. He also won the best paper awards at FMA Annual Meeting and NTU IEFA Conference.

He has taught spreadsheet modelling in finance, derivatives, and financial management for bachelor- and master-level courses and empirical asset pricing for Ph.D.-level courses. Prior to joining the University of Hong Kong, Dr. Hsu was an assistant professor of finance at the School of Business, University of Connecticut in 2007-2011.

Areas of Interest

  • Asset pricing
  • Innovations
  • Financial econometrics
  • Technology management

Education

  • Ph.D., M.Phil., Columbia University
  • M.B.A., National Chiao-Tung University
  • B.B.A., National Taiwan University

Selected Publications

  • “Technical analysis: Is it still beating the foreign exchange market?”
    (with Mark P. Taylor and Zigan Wang), Journal of International Economics 102, pp. 188-208, 2016.
  • “Corporate philanthropy and innovation: The case of the pharmaceutical industry,”
    (with Frederick Bereskin), Journal of Applied Corporate Finance 28 (2), pp. 80-86, 2016.
  • “Be nice to your innovators: Employee treatment and corporate innovation performance,”
    (with Chen Chen, Yangyang Chen, and Edward J. Podolski), Journal of Corporate Finance, 39, pp. 78-98, 2016.
  • “Corporate philanthropy, research networks, and collaborative innovation,”
    (with Frederick Bereskin and Terry L. Campbell), Financial Management, 45 (1), pp. 175-206, 2016.
  • “Corporate innovation, default risk, and bond pricing,”
    (with Hsiao-Hui Lee, Alfred Zhu Liu, and Zhipeng Zhang), Journal of Corporate Finance, 35, pp. 329-344, 2015.
  • “Corporate innovation and inventory turnover,”
    (with Hsiao-Hui Lee and Jianer Zhou), Decision Support Systems, 76, pp. 35-44, 2015.
  • “Financial development and innovation: Cross-country evidence,”
    (with Xuan Tian and Yan Xu), Journal of Financial Economics, 112 (1), pp. 116-135, 2014.
  • “Innovative efficiency and stock returns,”
    (with David Hirshleifer and Dongmei Li), Journal of Financial Economics, 107 (3), pp. 632-654, 2013.
  • “Innovations, intellectual property protection, and financial markets: Cross-province evidence from China,”
    (with Chong Wang and Chaopeng Wu), Journal of Business Research, 66 (12), pp. 2390-2396, 2013.
  • “Innovate to survive: The effect of technology competition on corporate bankruptcy,”
    (with Assaf Eisdorfer), Financial Management, 40 (4), pp. 1087-1117, 2011.
  • “The use of Bayes factors to compare interest rate term structure models,”
    (with W. Keener Hughen and Carmelo Giaccotto), Quantitative Finance, 13 (3), pp. 369-381, 2011.
  • “Technology prospects and the cross-section of stock returns,”
    (with Dayong Huang), Journal of Empirical Finance, 17 (1), pp. 39-53, 2010.
  • “Testing the predictive ability of technical analysis using a new stepwise test without data snooping bias,”
    (with Yu-Chin Hsu and Chung-Ming Kuan), Journal of Empirical Finance, 17 (3), pp. 471-484, 2010.
  • “Technological innovations and aggregate risk premiums,”
    Journal of Financial Economics, 94 (2), pp. 264-279, 2009.
  • “Reexamining the profitability of technical analysis with data snooping checks,”
    (with Chung-Ming Kuan), Journal of Financial Econometrics, 3 (4), pp. 606-628, 2005.

For a full and up-to-date profile, please visit Paul’s CV

Contact

Office Room 825, KK Leung Building
Tel. (852) 3917 5220
Email paulhsu@hku.hk

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