PROFILE
Kevin Tseng is an Associate Professor at the Chinese University of Hong Kong's School of Business. He is on leave from National Taiwan University's College of Management, where he holds the EMBA Alumni Elite Chair and the Chen-Yung Outstanding Scholar. Before joining NTU, he was a Financial Economist at the Federal Reserve Bank of Richmond and an Assistant Professor at the University of Kansas’ School of Business. Professor Tseng has a broad research interest. He has published in the areas of knowledge spillover, asset pricing, disclosure, innovation, corporate finance, and behavioral economics. His articles have appeared in leading scholarly journals, including The Journal of Finance, the Journal of Accounting and Economics, Review of Financial Studies, The Accounting Review, Management Science, the Journal of Financial and Quantitative Analysis, Contemporary Accounting Research, and the Journal of Economics and Management Strategy. He currently serves on the editorial board of Accounting and Business Research. In 2022, he received the MOST Outstanding Research Award; in 2015, he received the WFA Cubist Systematic Strategies Ph.D. Candidate Award for Outstanding Research.
EDUCATION
Ph.D. in Finance, Kellogg School of Management, Northwestern University, 2010-2015
M.S. in Finance, Kellogg School of Management, Northwestern University, 2010-2015
SELECTED PUBLISHED AND ACCEPTED PAPERS
1. "Access to Financial Disclosure and Knowledge Spillover" forthcoming, The Accounting Review (with Yen-Cheng Chang, and Teresa Yu)
2. "Standing on the Shoulders of Giants: Financial Reporting Comparability and Knowledge Accumulation" forthcoming, Journal of Accounting and Economics (with Irene Zhong)
3. "Innovation Under Pressure" forthcoming, Journal of Financial and Quantitative Analysis (with Heitor Almeida, Vyacheslav Fos, Po-Hsuan Hsu, and Mathias Kronlund)
4. "Do Corporate Disclosures Constrain Strategic Analyst Behavior?" Review of Financial Studies, 2023; 36(8): 3163-3212 (with Yen-Cheng Chang and Alexander Ljungqvist)
5. "Learning from the Joneses: Technology Spillover, Innovation Externality, and Stock Returns." Journal of Accounting and Economics (Single-authored), 2022; 73(2-3): 101748 [Internet Appendix] --Economic Daily News
6. "Testing Disagreement Models." The Journal of Finance, 2022; 77(4): 2239-2285 (with Yen-Cheng Chang, Pei-Jie Hsiao, and Alexander Ljungqvist) --NTU Highlights; NTU Spotlight
7. "Valuation of New Trademarks." Management Science, 2022; 68(1): 257-279 (with Po-Hsuan Hsu, Dongmei Li, Qin Li, and Siew Hong Teoh) --The Wall Street Journal; UCLA Anderson Review; MS Reproducibility Report
8. "Supply Chain Technology Spillover, Customer Concentration, and Product Invention." Journal of Economics and Management Strategy, 2022; 31(2): 393-417 (with Po-Hsuan Hsu, Hai-Ping Hui, and Hsiao-Hui Lee)
9. "Short-Termist CEO Compensation in Speculative Markets: A Controlled Experiment." Contemporary Accounting Research, 2021; 38(3): 2105-2156 (with Yen-Cheng Chang, Minjie Huang, and Yu-Siang Su)
10. "More Cash, Less Innovation: The Effect of the American Jobs Creation Act on Patent Value." Journal of Financial and Quantitative Analysis (Lead article), 2021; 56(1): 1-28 (with Heitor Almeida, Po-Hsuan Hsu, and Dongmei Li)
WORKING PAPERS
1. "Disclosure Acquisition Costs, Volume Reactions, and Pricing Efficiency—A Natural Experiment." (with Yen-Cheng Chang, Bokyung Park, and Yu-Siang Su)
2. "Investor Cultural Diversity and Market Reactions to Corporate Earnings Announcements." (with Yen-Cheng Chang, Yu-Siang Su, and Na Wang)
3. "Measuring the Economic Value of an Innovation When Some Investors Are Inattentive: Theory and Evidence." (with Thomas Chemmanur, Dongmei Li, and Yu Wang)
--Revision requested
PROFESSIONAL EXPERIENCE
Associate Professor, School of Business, Chinese University of Hong Kong, 2023-present
Professor, College of Management, National Taiwan University, 2023-present (on leave)
--Chen-Yung Outstanding Scholar, 2020-present
--EMBA Alumni Elite Scholar Chair Professor, 2020-present
--Associate Professor, 2020-2023
Financial Economist, Federal Reserve Bank of Richmond, 2019-2020
Assistant Professor, School of Business, University of Kansas, 2015-2020
PROFESSIONAL SERVICE
Editorial Board, Accounting and Business Research, 2024-present
TEACHING AREAS
Asset Pricing and Portfolio Choice Theory (Ph.D. Level)
Business Valuation and Analytics (MBA and Master Level)
Financial Statement Analysis and Valuation (Undergraduate Level)
Corporate Finance (Undergraduate Level)