Hsu, Paul  
 
     
    Dr. Paul Hsu  
 
Associate Professor
 
 
 
 
2859 1049
 
   
 
   
       Academic and Professional Qualifications  
 
  •  B.B.A., National Taiwan University
  •  M.B.A., National Chiao-Tung University
  •  M.Phil., Columbia University
  •  Ph.D., Columbia University
 
       Biography  
 

Academic and Professional Qualifications: Ph.D. Columbia University, M.B.A. National Chiao-Tung University, B.B.A. National Taiwan University

Dr. Po-Hsuan (Paul) Hsu received his Ph.D. degree in finance from the Graduate School of Business, Columbia University in 2007. He also holds a master degree in technology management from National Chiao-Tung University and a bachelor degree in international business from National Taiwan University. His research agenda focuses on the role of technological innovation in financial markets, and he has published research papers in several academic journals including Journal of Financial Economics, Financial Management, Journal of Financial Econometrics, Journal of Empirical Finance, and Quantitative Finance. He also won the best paper awards at FMA Annual Meeting 2008 and NTU IEFA Conference 2009. Prior to joining the University of Hong Kong, Dr. Hsu was an assistant professor of finance at the School of Business, University of Connecticut in 2007-2011.

Research Interests: (i) Asset pricing (ii) innovations (iii) financial econometrics

 
       Research Interests  
 
  • Asset pricing, innovations, financial econometrics, technology management
 
       Awards  
 
  • Best Paper Award in Investments, 2008 FMA Annual Meeting
  • Best Paper Award, 2009 NTU IEFA Conference
  • Honorable Mention, 2010 University of Connecticut Business School Best Paper Award
  • Dissertation Proposal Award in Investments (2nd Place), 2006 FMA Annual Meeting
 
       Honors and Grants  
 
  • CITI Funded Research Program, 2008
  • American Finance Association Student Travel Award, 2006
  • Taiwan Merit Scholarship, granted by Taiwan government, 2005 – 2006
  • Summer Paper Prize, Graduate School of Business, Columbia University, 2003
  • Fellowship, Graduate School of Business, Columbia University, 2002 – present
  • Academic Achievement Award, National Chiao-Tung University, 1999
  • Sampo Undergraduate Thesis Award, National Taiwan University, 1997 and 1998
 
       Industry Experience  
 
  • Venture capital and private equity:
    • Summer associate, H&Q Asia Pacific Co., Taipei, Taiwan, summer 2003
    • Summer analyst, Fortune Consulting Group Co., Taipei, Taiwan, summer 1999
  • Industry and technology policy:
    • Research staff, Industrial Economics and Knowledge Center, Industrial Technology Research Institute, Hsinchu, Taiwan, Sept. 2001 — June 2002
 
       Publications  
 
  •  “Financial development and innovation: Cross-country evidence,” with Xuan Tian and Yan Xu, Journal of Financial Economics, forthcoming, 2013.
  • “Innovative efficiency and stock returns,” with David Hirshleifer and Dongmei Li, Journal of Financial Economics, forthcoming, 2012.
  • “Technological innovations and aggregate risk premiums,” Journal of Financial Economics, 94 (2), 264-279, 2009.
  • “Innovate to survive: The effect of technology competition on corporate bankruptcy,” with Assaf Eisdorfer, Financial Management, 40 (4), 1087-1117, 2011.
  • “The use of Bayes factors to compare interest rate term structure models,” with W. Keener Hughen and Carmelo Giaccotto, Quantitative Finance, forthcoming, 2011.
  • “Innovations, intellectual property protection, and financial markets: Cross-province evidence from China,” with Chong Wang and Chaopeng Wu, Journal of Business Research, forthcoming, 2012.
  • “Technology prospects and the cross-section of stock returns,” with Dayong Huang, Journal of Empirical Finance, 17 (1), 39-53, 2010. 
  • “Testing the predictive ability of technical analysis using a new stepwise test without data snooping bias,” with Yu-Chin Hsu and Chung-Ming Kuan, Journal of Empirical Finance, 17 (3), 471-484, 2010.
  • “Reexamining the profitability of technical analysis with data snooping checks,” with Chung-Ming Kuan, Journal of Financial Econometrics, 3 (4), 606-628, 2005.
 
       Teaching Experience  
 
  • Financial Risk Modeling II (for M.S. in Financial Risk Management Program), University of Connecticut (Spring 2011)
  • Investment and security analysis (undergraduate), University of Connecticut (Fall 2009, Spring and Fall 2010, Spring 2011)
  • Financial management (undergraduate), University of Connecticut (Spring and Fall 2008, Spring 2009)
  • Instructor at summer math camp (Ph.D.), Columbia University (Summer 2006)
  • Teaching assistant for capital markets and investments (MBA), Columbia University (Summer 2006)
  • Teaching assistant for financial econometrics (Ph.D.), Columbia University (Spring 2005)
 
   
   
 
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