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, and Contemporary Accounting Research. 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. "Measuring the Economic Value of an Innovation When Some Investors Are Inattentive." forthcoming, Journal of Financial and Quantitative Analysis, 2025 (with Thomas Chemmanur, Dongmei Li, and Yu Wang)

2.  "Are There Externalities of Private Firm News Disclosure? Evidence from Public Firms’ Investment." forthcoming, The Accounting Review, 2025 (with Feng Chen, Yi Ding, Xingqiang Du, and Xiaoqiao Wang)

3.  "Access to Financial Disclosure and Knowledge Spillover." The Accounting Review, 2024; 99(5): 147-170 (with Yen-Cheng Chang, and Teresa Yu) 

4. "Standing on the Shoulders of Giants: Financial Reporting Comparability and Knowledge Accumulation." Journal of Accounting and Economics, 2024; 78(1): 101685 (with Irene Zhong)

5. "Innovation Under Pressure" forthcoming, Journal of Financial and Quantitative Analysis, 2024 (with Heitor Almeida, Vyacheslav Fos, Po-Hsuan Hsu, and Mathias Kronlund)

6. "Do Corporate Disclosures Constrain Strategic Analyst Behavior?" Review of Financial Studies, 2023; 36(8): 3163-3212 (with Yen-Cheng Chang and Alexander Ljungqvist) 

7. "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

8. "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

9. "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

10. "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 Charles Su)

11. "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. "Valuating the Legal Protection for Novel Designs" (with Tian Chan and Po-Hsuan Hsu)

--AIEA-NBER (Sydney)

--Revise and Resubmit, Journal of Financial and Quantitative Analysis

2. "A Simple Approach to Valuing Intangibles and Rents" (with Wan-Chien Chiu, Ravi Jagannathan and Yo-Lan Lin)

--NBER Working Paper 30829

3.  "Disclosure Acquisition Costs, Volume Reactions, and Differential Interpretations: A Natural Experiment" (with Yen-Cheng Chang,  Bokyung Park, and Charles Su) 

PROFESSIONAL EXPERIENCE

Associate Professor, School of Business, Chinese University of Hong Kong, 2023-present 

    --Professor, August 2025 (scheduled)

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

Co-organizer, 2025 AIEA-NBER Conference, 2024-present

Editorial Board, Accounting and Business Research, 2024-present

Associate Editor, Asia-Pacific Journal of Accounting and Economics, 2024-present

Faculty Scholar,  Asian Innovation and Entrepreneurship Association (AIEA), 2024-present

Visiting International Scholar Award Scholar, Macquarie University, 2023-2024

TEACHING AREAS

Asset Pricing and Portfolio Choice Theory I (Ph.D. Level)

Asset Pricing and Portfolio Choice Theory II (Ph.D. Level)

Empirical Method in Business Research (Ph.D. Level) 

Applied Business Management Research (DBA Level)

Business Valuation and Analytics (MBA and Master Level)

Financial Statement Analysis and Valuation (Undergraduate Level)

Corporate Finance (Undergraduate Level)