Dr Chia-Feng (Jeffrey) Yu

Dr Chia-Feng (Jeffrey) Yu
 Position Senior Lecturer
 Org Unit Business School Office
 Email jeffrey.yu@adelaide.edu.au
 Telephone +61 8 8313 2073
 Location Floor/Room 12 ,  Nexus 10 Tower ,   North Terrace
  • Teaching Interests

    § Corporate Finance: Theory & Practice (Third-year/Postgraduate)

     

    § Behavioral Finance: Theory & Practice (Third-year/Postgraduate)

     

    § Real Options and Corporate Investment Strategies (PhD/Postgraduate)

     

    §  Game/Contract Theory with Applications in Accounting and Finance (PhD/Postgraduate)

  • Research Interests

    §  Corporate Finance, Behavioral Finance, and Market Microstructure

     

    §  Executive Compensation, Earnings Management, Financial Disclosure

     

    § Behavioral Corporate Finance, Capital Budgeting, Real Options

     

    § Corporate Governance, Insider Trading, Liquidity

     

    § Ambiguity on Hedging and Risk Management, Banking Crises

     

    § Financial Innovation and Counterparty Risks in Financial Contracts

  • Publications

     

    Publications

    ______________________________________________________________________

     

    § “Does Market Power Discipline CEO Power? An Agency Perspective” (with Anutchanat Jaroenjitrkama,and Ralf Zurbruegg), European Financial Management (2019), forthcoming. (Impact factor:1.292)

     

    • Corresponding Author

    • SSCI-listed

    • Australian Business Dean Council (ABDC): A 

     

    § “Are Shareholders Gender Neutral? Evidence from Say on Pay” (with Jean Canil and Sigitas Karpavicius), Journal of Corporate Finance (2019), Vol. 58, pp. 169–186. (5-Year Impact Factor: 3.184)

     

    • SSCI-listed

    • ABDC: A* 

     

    § “Limits on Executive Pay and Stock Price Crash Risk: Evidence from a Quasi-Natural Experiment” (with Min Bai, Renxiang Wang, and Jianming Zheng), Pacific-Basin Finance Journal (2019), Vol. 55, pp. 206–221. (Impact Factor: 1.442)

     

    • Corresponding Author

    • SSCI-listed

    • ABDC: A 

     

    § “Interactive Reporting Bias Surrounding CEO Turnover”. European Accounting Review (2017), Vol. 26 ,pp. 239-282. (Impact Factor: 2.169 Ranking: 17/98 (Business, Finance)).
      

    • Sole Author

    • SSCI-listed

    • ABDC: A* 

    • Published by European Accounting Association

    • SSRN's Top Ten download list for “Disclosure & Accounting Information”

     

    §Production and Hedging with Optimism and Pessimism under Ambiguity” (with Donald Lien) International Review of Economics and Finance (2017), vol. 50, pp. 122-135. (Impact factor: 1.472)

     

    • Corresponding Author

    • SSCI-listed

    • ABDC: A

     

    § “Optimal Managerial Hedging and Contracting with Self-Esteem Concerns”(with 

       Chongwoo Choe and Donald Lien). International Review of Economics and Finance (2015), 

       Vol. 37, pp. 354-367. (Impact factor: 1.472)  

     

    • Corresponding Author

    • SSCI-listed

    • ABDC: A

     

    § “Production and Hedging with Time-Inconsistent Preferences” (with Donald Lien)

      Journal of Futures Markets (2015), Vol. 35, No. 10, pp. 961-985. (Impact factor: 1.339)

     

    • SSCI-listed

    • ABDC: A

    • SSRN's Top Ten download list for “Futures”

     

    § “CEO Overconfidence, CEO Compensation, and Earnings Manipulation”
      Journal of Management Accounting Research (2014), Vol. 26, No. 2, pp. 167-193. (RG Journal Impact: 1.67).

     

    • Sole Author

    • Excellence in Research for Australia (ERA): A*

    • Published by American Accounting Association (AAA)

    • SSRN's Top Ten download list for “CEO & Executive Incentives & Corporate Governance”

     

    § “CEO Overconfidence and Overinvestment under Product Market Competition”
      Managerial and Decision Economics (2014), Vol. 35, Iss. 8, pp. 574-579.

     

    • Sole Author

    • Listed in EconLit (AEA). Published by the Association of Managerial Economists.

    • SSRN's Top Ten download list for “Investment in R&D & Innovation”

     

    § “Time-Inconsistent Investment with Financial Constraints and Cash Flow Hedging”(with

       Donald Lien). International Review of Financial Analysis (2014), Vol. 35, pp. 72-79. (Impact Factor: 1.729)

     

    • SSCI-listed

    • ABDC: A

       

    § “ FDI Timing: Entry Cost Subsidy versus Tax Rate Reduction” (with Ta-Cheng Chang and  

       Chinn-Ping Fan), Economic Modelling (2007), Vol. 24, Iss. 2., pp. 262-271. (Impact factor: 1.844) 

     

    • First Author (not in alphabetical order);

    • ABDC: A

    • SSCI-listed

       

     

    Working Papers

    _______________________________________________________________________

     

    § “Only Game in Town and Stock Price Crash Risk” (with Limin Xu and Ralf Zurbruegg)

     

    • revised and resubmitted to Journal of Corporate Finance

       

    § “Superstition and Stock Price Crash Risk” (with Min Bai, Limin Xu, and Ralf Zurbruegg)

     

    • revised and resubmitted to Pacific-Basin Finance Journal

    • won the Best Paper Award for Asian Capital Market at the 7th Behavioral Finance and Capital Market Conference, La Trobe University

     

    § “Rise of the Uninformed: An Analysis of the Time-to-Maturity Pattern of Information Asymmetry and Its Impact on Futures Return Volatility” (with Hoàng-Long Phan, Ralf Zurbruegg, and Paul Brockman)

     

    • submitted to Journal of Financial Markets

     

    § “Imitative Innovation and Firm Financial Risk: The Moderating Role of Overseas Experience” (with Bai Liu, Tao Ju, and Min Bai)

     

    • submitted to International Review of Economics and Finance

     

    § “Tournament Incentives and Institutional Ownership – Theory and Evidence” (with Paul Brockman, Chee Cheong and Ralf Zurbruegg)

     

    • Presented in 2018 New Zealand Finance Annual Conference

    • Submitted to Journal of Business Finance & Accounting

     

    § “Tournaments and Project Selection under Ambiguity - A Bright Side of Risk-Taking” (with Chongwoo Choe and Birendra Rai)

     

    • Ready for submission to Management Science

       

     

    § “Board Independence and CEO Pay Disparity”

     

    § “Product Market Competition and Multidimensional Managerial Incentives” (with Ching-Jen Sun)

     

    Work in Progress

    _______________________________________________________________________

    § Delegated Portfolio Management and Ambiguity (with Donald Lien and Takeshi Yamada)

     

    • with some preliminary results

       

    §  Market Non-participation and Equity Premium under Ambiguity

     

    • with some preliminary results

    §  Organizational Forms, Communication, and Managerial Incentives (with Ching-Jen Sun)

     

    § CEO Pays and Markets using Signaling and Matching Models (with Birendra Rai)

     

    § Real Options with Agency Problems

     

    § CEO Turnover and Earnings Management in the presence of Social Preferences

     

    §  Bank Competition, Risk Taking, and the Stability in the Banking Industry

     

    Conference/Seminar Presentations

    _______________________________________________________________________

    § “Tournament Incentives and Institutional Ownership – Theory and Evidence,” 2018 New Zealand Finance Annual Meeting, Auckland, New Zealand.

     

    § “Curse or destiny: Superstition and stock price crash risk,” The 7th Behavioral Finance and Capital Market Conference 2017, La Trobe University, Melbourne.

     

    § “Product Market Competition and Multidimensional Managerial Incentives,” The Industrial Organization Theory Conference 2017, University of Melbourne.

     

    § “Production and Hedging with Optimism and Pessimism under Ambiguity,” The 23rd Conference on the Theories and Practices of Securities and Financial Markets 2015, Kaohsiung, Taiwan.

     

    § “Interactive Reporting Bias Surrounding CEO Turnover,” 2015 AFAANZ Annual Conference in Hobart; Seminar, School of Accounting, Economics, and Finance, Deakin University, Melbourne, September 2014.

     

    § “Hubris, CEO Compensation, and Earnings Manipulation,” The 25th Australian Finance and Banking Conference, University of New South Wales, Sydney, December 2012.

    § “CEO Turnover, Earnings Management, and Big Bath,” The 25th PhD Conference in Business and Economics, University of Western Australia, Perth, November 2012.

     

     

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Entry last updated: Thursday, 12 Sep 2019

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