PROFILE

Kevin Tseng is a Professor at the Chinese University of Hong Kong (CUHK) Business School and Director of the newly established Faculty Development Centre. He previously served as the EMBA Alumni Elite Chair Professor and Chen-Yung Outstanding Scholar at National Taiwan University (NTU). Before joining NTU, he served as a Financial Economist at the Federal Reserve Bank of Richmond and as an Assistant Professor at the University of Kansas School of Business. Professor Tseng’s research explores how innovation and information interact to shape economic behavior and market dynamics. His research spans knowledge spillovers, asset pricing, disclosure, innovation economics, behavioral economics, corporate finance, and household finance. 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 Executive Board of the Asian Innovation and Entrepreneurship Association (AIEA) and as an Associate Editor for 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) --CUHK Business School

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. "Social Influence on Household Equity Investment: Evidence from Randomized Military Drafts" (with Chun-Che Chi,  Tim Hung, and Ming-Jen Lin)

--AFA (San Francisco)

--Revise and Resubmit, Journal of Accounting and Economics

2. "Echoes on the Blockchain: Spillovers in DeFi Markets" (with Amanda Awyong)

3. "Learning via the Band of Brothers: Evidence of Entrepreneurial Spillover" (with  Yen-Cheng Chang, Chun-Che Chi, and Tim Hung)

--AIEA-NBER (Sydney), IIR Workshop (Tokyo, Best Paper Award)

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

--NBER Working Paper 30829

5. "From Numbers to Novelty: Non-GAAP Reporting and Innovation" (with Jiayu Dai and Clara Zhou)

6. "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

DORMANT WORKING PAPER 

1. "Knowledge Network and the Cross-Section of Expected Returns" 

--2015 WFA Cubist Systematic Strategies Ph.D. Candidate Award for Outstanding Research

--2014 AFBC Best Ph.D. Paper Award, Second Place

PROFESSIONAL EXPERIENCE

Professor, School of Business, Chinese University of Hong Kong, 2025-present

    --Director, Faculty Development Center, 2025-present 

    --Associate  Professor, 2023-2025

EMBA Alumni Elite Chair Professor, College of Management, National Taiwan University, 2020-2023

Financial Economist, Federal Reserve Bank of Richmond, 2019-2020

Assistant Professor, School of Business, University of Kansas, 2015-2020

PROFESSIONAL SERVICE

Keynote Speaker, 2026 JCAE Annual Conference, 2026

Honorary Speaker, The Second TBS Research Workshop on Accounting and Capital Markets, 2025

Co-organizer, 2025 AIEA-NBER Conference, 2025

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

Associate Editor, Accounting and Business Research, 2024-present

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

Visiting International Scholar Award, Macquarie University, 2023-2024

TEACHING AREAS

Empirical Method in Business Research (Ph.D.) 

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

Applied Business Management Research (DBA)

Business Valuation and Analytics (MBA and Master)

Financial Statement Analysis and Valuation (Undergraduate)

Corporate Finance (Undergraduate)