Associate Professor
National Taipei University
[Google Scholar] [SSRN]
Email: jfyen@gm.ntpu.edu.tw
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Biography
Biography
Ju-Fang Yen is an Associate Professor of Statistics at the College of Business, National Taipei University. She earned her Bachelor's degree in Mathematics and her Ph.D. in Finance from National Taiwan University.
Her research focuses on corporate finance, bank loan contracting, and behavioral finance. She extensively examines the factors influencing bank loan terms and corporate financial decisions, with a particular emphasis on managerial behaviors such as overconfidence and risk-taking.
Recently, Ju-Fang has integrated insights from psychology to investigate how human perceptions and cognitive biases influence investor behavior, corporate decisions, and financial outcomes. Leveraging advanced Machine Learning and Natural Language Processing (NLP) techniques, she analyzes multimodal data to explore how visual and textual cues jointly shape investor attention and corporate actions. Her interdisciplinary approach reflects her ongoing commitment to bridging emerging technologies with contemporary finance research.
Education
Education
Ph.D. in Finance, National Taiwan University, 2013
M.A. in Finance, National Taiwan University, 2007
B.S. in Mathematics, National Taiwan University, 2005
Selected Publication
Selected Publication
Aesthetic Leadership: The Influence of CEO Attractiveness on Bank Loan Contracts, 2025, European Financial Management, forthcoming (with Yao Du, Po-Hsin Ho, and Chih-Yung Lin).
Risk Culture in Corporate Innovation, 2024, International Review of Financial Analysis 91, 102999 (with Po-Hsin Ho, Chia-Wei Huang, and Chih-Yung Lin).
CEO Overconfidence and Bank Loan Contracting, 2020, Journal of Corporate Finance 64, October (with Yehning Chen, Po-Hsin Ho, and Chih-Yung Lin).
2016 TFA Annual Meeting Fubon Best Paper Award
The Effect of the Political Connections of Government Bank CEOs on Bank Performance during the Financial Crisis, 2018, Journal of Financial Stability 36, 130–143 (with Hung-Kun Chen, Yin-Chi Liao, and Chih-Yung Lin).
CEO Overconfidence and Financial Crisis: Evidence from Bank Lending and Leverage, 2016, Journal of Financial Economics 120, 194–209 (with Po-Hsin Ho, Chia-Wei Huang, and Chih-Yung Lin).
Press citation: Harvard Law School Forum on Corporate Governance and Financial Regulation (June 15, 2016) link
The 10th S&F Best Paper Award, 2016 (第10屆證券暨期貨金椽獎-學術組甲等獎)
Founding Family Firm and Bank Loan Contracts, 2015, Journal of Financial Services Research 48, 53–82 (with Yan-Shing Chen, Ying-Chen Huang, and Chih-Yung Lin).
On the Determinant of Bank Loan Contracts: The Roles of Borrowers’ Ownership and Board Structures, 2014, Quarterly Review of Economics and Finance 54, 500–512 (with Yan-Shing Chen and Chih-Yung Lin).
Firm Age, Idiosyncratic Risk, and Long-run SEO Underperformance, 2014, International Review of Economics & Finance 34, 246–266 (with Po-Hsin Ho, Chia-Wei Huang, and Chih-Yung Lin).
Why do Firms Allow Their CEOs to Join Trade Associations? An Embeddedness View, 2014, International Review of Economics & Finance 32, 47–61 (with Yan-Shing Chen, Chih-Yung Lin, and Chung-Hua Shen).
Pricing Discrete Path-dependent Options under a Double Exponential Jump-diffusion Model, 2013, Journal of Banking & Finance 37, 2702–2713 (with Cheng-Der Fuh and Sheng-Feng Luo).
Working paper
Working paper
Risk Attitude Homophily and Bank Loan Contracting, revise and resubmit (with Po-Hsin Ho, Chia-Wei Huang, and Chih-Yung Lin)
CEO Facial Attractiveness and Stock Price Reactions to Earnings Announcements (with Mao-Wei Hung and Ya-Ting Lee)
Teaching
National Taipei University, Taipei, Taiwan
Calculus (undergraduate), 2013 – 2025
Seminar on Financial Technology and Innovation (graduate), Fall 2021 – Fall 2025
Financial Engineering and Innovations (graduate), Fall 2013 – Fall 2022
Futures and Options (undergraduate), Spring 2014 – Spring 2025
Case Studies on Data Analysis (graduate), Fall 2013, Fall 2015, Spring 2025
Finance English (graduate), Spring 2015, Spring 2018
National Taiwan University, Taipei, Taiwan
Financial Institutions and Markets (graduate), Spring 2017, Fall 2017
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