YENN-RU CHEN
Job Title Professor and Associate Dean
Name YENN-RU CHEN
Email
Office Tel No. 81108
Research Expertise Corporate Finance, M&As
Teaching Field Corporate Financial Decisions
Year Paper Title
2024 Chen, Yenn-Ru*;Y.L. Huang;T.Y. Chang, 2024.10, 'Gender Culture and Cross-border Mergers and Acquisitions: the Deals with RCEP Targets, ' Pacific Basin Finance Journal,.(SSCI)(*為通訊作者)(本論著未刊登但已被接受), vol. 122301, Oct. 2024
2024 Chou, S.C.;Yenn-Ru Chen*, 2024.08, 'Grabbing or helping hand? The impact of government subsidies on innovation and performance for firms in cultural and creative industries, ' Review of Quantitative Finance and Accounting,.(ESCI)(*為通訊作者)(本論著未刊登但已被接受), vol. 122299, Aug. 2024
2023 Chen, Yenn-Ru;Tuck Siong Chung;Chia-Hsien Lin;Angie Low, 2023.10, 'When Do Stock Options Affect CEO Risk-taking? The Moderating Role of CEO Regulatory Focus, ' Journal of Business Finance and Accounting, Vol.2023, pp.12762.(SSCI, 國科會財務領域A Tier 1期刊), vol. 114269, Oct. 2023
2023 Edouard Dubois;Sean McGinty;Konari Uchida*;Yenn-Ru Chen;Jyun-Ying Fu, 2023.05, 'Institutional Shareholders, Proxy Advisor Recommendation, and Vote Outcomes in Shareholder Meetings, ' Research in International Business and Finance, Vol.66, pp.102002.(SSCI, IF: 6.5, Q1 in Finance)(*為通訊作者), vol. 106955, May. 2023
2021 Huang, Y.L.;Yenn-Ru Chen;B.S. Chen, 2021.04, 'Executive Stock Options, Corporate Cash Holdings, and Corporate Biddings, ' NTU Management Review, Vol.31, No.1, pp.71-115.(TSSCI, 國科會推薦期刊), vol. 428357, Apr. 2021
2020 Yenn-Ru Chen;K.Y. Ho;C.W. Yeh, 2020.06, 'CEO Overconfidence and Corporate Cash Holdings, ' Journal of Corporate Finance, Vol.62, pp.101577.(SSCI, 國科會財務領域A Tier 1期刊), vol. 426135, Jun. 2020
2020 Yenn-Ru Chen;X. Jiang;C.H. Weng, 2020.04, 'Can Government Industrial Policy Enhance Corporate Bidding? the Evidence of China, ' Pacific Basin Finance Journal, Vol.60, pp.101288.(SSCI, 國科會財務領域A Tier 2期刊), vol. 426136, Apr. 2020
2019 Huang, Y.L.;Yenn-Ru Chen, 2019.09, 'Equity Issuances and the Value of Cash Holdings, ' Journal of Financial Studies, Vol.27, No.3, pp.1-39.(TSSCI), vol. 423428, Sep. 2019
2019 Yenn-Ru Chen;M.H. Chiang;C.H. Weng, 2019.01, 'Are Investors Always Compensated for Information Risk? Evidence from Chinese Reverse-Merger Firms, ' Review of Quantitative Finance and Accounting, Vol.52, No.1, pp.159-196.(SSCI, 科技部財務領域 A Tier 2期刊), vol. 423429, Jan. 2019
2017 Lin, TM;L. Cheng;Yenn-Ru Chen*, 2017.06, 'The Impact of Controlling Shareholders on the Executive Compensation, ' Review of Securities and Futures Markets, Vol.114, pp.31-74.(TSSCI, 國科會推薦期刊)(*為通訊作者), vol. 415020, Jun. 2017
2014 Yenn-Ru Chen;C.R. Chen;C.K. Chu, 2014.06, 'The Effect of Executive Stock Options on Corporate Innovative Activities, ' Financial Management, Vol.43, No.2, pp.271-290.(SSCI, 國科會財務領域A Tier 1期刊), vol. 404825, Jun. 2014
2012 Cheng, L.;J.R. Chiou;Y.R. Chen;B.S. Lee, 2012.04, 'Market Reactions to the Split-share Structure Reform and the Determinants of Compensation: Evidence from Chinese Listed Firms, ' Asia-Pacific Journal of Financial Studies, Vol.41, pp.194-223.(SSCI), vol. 404827, Apr. 2012
2012 林惠芬;陳嬿如;吳清在, 2012.01, '委託書之代理問題及制衡機制: 對控制權偏離暨少數股東侵占行為之實證研究, ' 會計評論, Vol.54, pp.1-42.(TSSCI), vol. 404826, Jan. 2012
2011 Chen, Y.R.;Y. Ma, 2011.06, 'Revisiting the Risk-Taking Effect of Executive Stock Options on Firm Performance, ' Journal of Business Research, Vol.64, pp.640-648.(SSCI), vol. 404828, Jun. 2011
2010 Chiou, J.R.;Y.R. Chen;T.C. Huang, 2010.06, 'Does Higher Ownership Control Suggest More Bad Influence? Evidence from the Value of Cash Holdings and Dividends in Chinese Listed Firms, ' China Journal of Accounting Research, Vol.3, No.1, pp.71-93., vol. 404829, Jun. 2010
2010 Chen, Y.R.;B.S. Lee, 2010.02, 'A Dynamic Analysis of Executive Stock Options: Determinants and Consequences, ' Journal of Corporate Finance, Vol.16, No.1, pp.88-103.(SSCI), vol. 404830, Feb. 2010
2010 Lin, Y.H;Y.R. Chen;J.R. Chiou, 2010.01, 'Ownership Structure and Dividend Preference: The Evidence of China’s Listed Firms, ' Emerging Markets Finance & Trade, Vol.46, No.1, pp.54-70.(SSCI), vol. 404831, Jan. 2010
2009 Chen, Y.R.;W.T. Chuang, 2009.11, 'Alignment or Entrenchment?: Corporate Governance and Cash Holdings in Growing Firms, ' Journal of Business Research, Vol.62, pp.1200-1206.(SSCI), vol. 404833, Nov. 2009
2009 Chen, Y.R.;Y.L. Huang;C.N. Chen, 2009.11, 'Financing Constraints, Ownership Control, and Cross-Border M&As: Evidence from Nine East Asian Economies, ' Corporate Governance: An International Review, Vol.17, No.6, pp.665–680..(SSCI), vol. 404832, Nov. 2009
2009 Chen, Y.R.;J.R. Chiou;T.K. Chou;M.S. Syue, 2009.03, 'Corporate Governance and Long-run Performance of Equity Issues: The Role of Foreign Ownership, ' Asia Pacific Management Review, Vol.14, No.1, pp.27-46.(TSSCI), vol. 404834, Mar. 2009
2009 Chen, Y.R.;C.Y. Ho, 2009.02, 'The Impact of Family Control and Board Characteristics on Corporate Policies, ' Journal of Management and Business Research, Vol.26, pp.1-16.(TSSCI), vol. 404835, Feb. 2009
2008 Chen, Y.R., 2008.09, 'Corporate Governance and Cash Holdings: New Economy and Old Economy Firms, ' Corporate Governance: An International Review, Vol.16, No.5, pp.430-442.(SSCI), vol. 404836, Sep. 2008
2006 Chen, Y.R;J.S. Kuo;C.H. Lin, 2006.06, 'Employee Bonus, Corporate Governance and Productivity: the Evidence of Taiwan’s Electronic Industry, ' Taiwan Banking & Finance Quarterly, Vol.7, pp.41-62., vol. 404837, Jun. 2006
Year Paper Title
2023 Yenn-Ru Chen*;Tse-Jen Lu, 2023.10, 'Global Environmental Awareness and Climate Risk of Corporate Biddings, ' 2023 Finance Management Association Annual Meeting, Financial Management Association.(*為通訊作者), Oct. 2023
2023 Chen, Yenn-Ru;Fu, Jyun-Ying;Weng, Chia-Hsiang, 2023.08, 'Does Litigation Risk Change CEOs’ Tournament Incentives to Withhold Bad News?, ' 2023 American Accounting Association Annual Meeting, American Accounting Association., Aug. 2023
2022 Chen, Yenn-Ru*;Y.L. Huang;T.Y. Chang, 2022.07, 'Gender Equity and Cross - Border Mergers and Acquisitions: the Evidence with RECP Targets, ' 2022 Asian Finance Association Annual Meeting, Asian Finance Association.(*為通訊作者), Jul. 2022
2022 Chen, Yenn-Ru;M.S. Hsieh*;C.H. Weng., 2022.06, 'Who is More Benefi cial to Diversified Businesses’ Innovation? Executive Directors Versus Board Professionalis, ' 2022 Taiwan Finance Association Annual Meeting, Taiwan Finance Association.(*為通訊作者), Jun. 2022
2022 Chou, S.C.*;Y. H . Cheng;Yenn-Ru Chen, 2022.06, 'Grabbing or helping hand? Effects of government subsidies in an emerging economy: the evidence of cultural and creative industries, ' 2022 Taiwan Finance Association Annual Meeting, Taiwan Finance Association.(*為通訊作者), Jun. 2022
2021 Yenn-Ru Chen*;Chia-Hsien Lin;Angie Lo, 2021.10, 'Gender Difference and Shareholder Activism: Evidence of Shareholder Proposals, ' 2021 FMA Annual Meeting, Financial Management Association.(*為通訊作者), Oct. 2021
2021 Yenn-Ru Chen;Ming-Hsien Hsueh*;Chia-Hsiang Weng, 2021.07, 'Management on Board, Internal Capital Market and Corporate Innovation, ' 2021 Asian Finance Association Annual Meeting, Asian Finance Association.(*為通訊作者), Jul. 2021
2020 Yenn-Ru Chen*;R. K. Chou;K. H. Chou, 2020.10, 'Financial Liberalization, Investor Protection and Corporate Cash, ' 2020 FMA Annual Meeting, Financial Management Association.(*為通訊作者), Oct. 2020
2019 Yenn-Ru Chen*;Chia-Hsiang Weng, 2019.07, 'The Impact of Industrial Policy on Post-Merger Corporate Innovations, ' 2019 Asian Finance Association Annual Meeting, Asian Finance Association.(*為通訊作者), Jul. 2019
2018 Yenn-Ru Chen*;I-Ju Wu, 2018.10, 'The Impact of National Policy on Corporate Bidding Activities, ' 2018 Financial Management Association Annual Meeting, FMA.(*為通訊作者), Oct. 2018
2018 Yenn-Ru Chen;Chia-Hsien Lin*, 2018.05, 'CEO Turnover and Corporate Cash Holdings [Best Paper Award], ' 2018 Taiwan Financial Association International Conference, Taiwan Financial Association.(*為通訊作者), May. 2018
2017 Yenn-Ru Chen;Ho, KY*;Yeh, C.W., 2017.07, 'CEO Overconfidence and Corporate Cash Holdings [Best Paper Award], ' 2017 Asian Financial Association Annual Meeting, Asian Financial Association.(*為通訊作者), Jul. 2017
2017 Yenn-Ru Chen*;PY Hsieh, 2017.07, 'The Impact of Cash Holdings on the Risk Incentive of Executive Stock Options, ' 2017 Asian Financial Association Annual Meeting, Asian Finance Association.(*為通訊作者), Jul. 2017
2017 Yenn-Ru Chen*;Huang, YL;Rhee, S.G.;Weng, CH, 2017.06, 'Can the Source of Cash Accumulation Alter the Agency Problem of Excess Cash Holdings? Evidence from Mergers and Acquisitions, ' 2017 Journal of Accounting, Auditing, and Finance, Journal of Accounting, Auditing, and Finance.(*為通訊作者), Jun. 2017
2015 Yenn-Ru Chen*;R.K. Chou;J.H. Lee, 2015.10, 'Financial Liberation and Corporate Cash Policy, ' 2015 Financial Management Association Annual Meeting, Financial Management Association.(*為通訊作者), Oct. 2015
2014 Yenn-Ru Chen*;Y.L. Huang;C.H. Weng, 2014.10, 'Can Saving Cash from Equity Issuance Mitigate the Agency Problem of Free Cash Flow?, ' The 2014 Financial Management Association Annual Meeting, Financial Management Association.(*為通訊作者), Oct. 2014
2014 Yenn-Ru Chen;Huang, Y.L*, 2014.05, 'Credit Risk and Cash Allocation between Short-run and Long-run Investments, ' The 2014 Taiwan Financial Association Annual Meeting, Taiwan Finance Association.(*為通訊作者), May. 2014
Project Category Year Project Title Participator Job Title Period Unit
MOST Projects 113 環境揭露品質、永續金融及企業永續投資(3/3) CHEN YENN-RU Principal Investigator 2026.08 ~ 2027.07 National Science and Technology Council
MOST Projects 113 環境揭露品質、永續金融及企業永續投資(2/3) CHEN YENN-RU Principal Investigator 2025.08 ~ 2027.07 National Science and Technology Council
MOST Projects 113 環境揭露品質、永續金融及企業永續投資(1/3) CHEN YENN-RU Principal Investigator 2024.08 ~ 2027.07 National Science and Technology Council
MOST Projects 113 綠色金融對產業減碳行動的影響-綠色金融對產業減碳行動的影響(2/4) CHEN YENN-RU,WENG CHIA-HSIANG,ROBIN CHOU Principal Investigator 2024.05 ~ 2025.04 National Science and Technology Council
MOST Projects 110 跨國併購與企業永續性發展(3/3) CHEN YENN-RU Principal Investigator 2023.08 ~ 2024.09 National Science and Technology Council
MOST Projects 112 綠色金融對產業減碳行動的影響(1/4) CHEN YENN-RU,WENG CHIA-HSIANG,ROBIN CHOU Principal Investigator 2023.05 ~ 2024.04 National Science and Technology Council
MOST Projects 110 跨國併購與企業永續性發展(2/3) CHEN YENN-RU Principal Investigator 2022.08 ~ 2024.09 National Science and Technology Council
Other Projects 111 中文個案撰寫 CHEN YENN-RU,LO MING-SHIOW,WU ANNE 2022.01 ~ 2023.01
MOST Projects 110 跨國併購與企業永續性發展(1/3) CHEN YENN-RU Principal Investigator 2021.08 ~ 2024.09 National Science and Technology Council
Other Projects 109 興南事業體改善計畫 CHEN YENN-RU Principal Investigator 2020.10 ~ 2021.05
MOST Projects 109 女性CEO與股東行動主義 CHEN YENN-RU Principal Investigator 2020.08 ~ 2021.12 National Science and Technology Council
MOST Projects 108 政府政策對企業投資價值的影響(2/2) CHEN YENN-RU Principal Investigator 2020.08 ~ 2021.07 National Science and Technology Council
Other Projects 109 中文個案撰寫 WU ANNE,CHEN YENN-RU,LIN CHING-TING 2020.03 ~ 2021.02
MOST Projects 108 政府政策對企業投資價值的影響(1/2) CHEN YENN-RU Principal Investigator 2019.08 ~ 2021.07 National Science and Technology Council
MOST Projects 107 女性決策者對高階經理人薪酬風險誘因的影響 CHEN YENN-RU Principal Investigator 2018.08 ~ 2019.07 National Science and Technology Council
MOST Projects 106 公司現金持有與經理人過度自信對高階經理人選擇權薪酬的風險誘因效果之影響(2/2) CHEN YENN-RU Principal Investigator 2018.08 ~ 2019.12 National Science and Technology Council
Other Projects 107 中文個案撰寫 WU ANNE,PENG TZU-JU,CHEN YENN-RU,LIN CHING-TING,CHOU WEN-CHING 2018.05 ~ 2019.05
Other Projects 107 國際共同培育人才計畫(第三年) CHAN KONAN,CHEN YU SHEN,TSAI WEI-CHI,CHAN LING-CHING,CHEN YENN-RU 2018.01 ~ 2018.12 Ministry of Education, Republic of China (Taiwan)
MOST Projects 106 公司現金持有與經理人過度自信對高階經理人選擇權薪酬的風險誘因效果之影響(1/2) CHEN YENN-RU,CHEN YENN-RU Principal Investigator 2017.08 ~ 2019.12 National Science and Technology Council
MOST Projects 103 企業避稅與現金持有(3/3) CHEN YENN-RU Principal Investigator 2016.08 ~ 2017.12 National Science and Technology Council
MOST Projects 103 企業避稅與現金持有(2/3) CHEN YENN-RU Principal Investigator 2015.08 ~ 2017.12 National Science and Technology Council
MOST Projects 103 企業避稅與現金持有(延攬) CHEN YENN-RU Principal Investigator 2014.10 ~ 2014.12 National Science and Technology Council
MOST Projects 103 企業避稅與現金持有(1/3) CHEN YENN-RU Principal Investigator 2014.08 ~ 2017.12 National Science and Technology Council
MOST Projects 102 公司現金持有、風險管理、與企業併購之研究(1/2) 陳嬿如 Principal Investigator 2013.08 ~ 2014.07 國立成功大學
MOST Projects 101 公司現金持有、風險管理、與企業併購之研究(1/2) 陳嬿如 Principal Investigator 2012.08 ~ 2013.07 成功大學
MOST Projects 100 公司現金持有之品質:組成成分及影響性(2/2) 陳嬿如 Principal Investigator 2011.08 ~ 2012.07 國立成功大學
MOST Projects 100 現金持有與盈餘管理 陳嬿如 Principal Investigator 2011.02 ~ 2011.07 國立成功大學
MOST Projects 99 公司現金持有之品質:組成成分及影響性(1/2) 陳嬿如 Principal Investigator 2010.08 ~ 2011.07 成功大學
MOST Projects 98 股票選擇權對公司投資策略的誘因效應: 以策略聯盟為例 陳嬿如 Principal Investigator 2009.08 ~ 2010.07 國立成功大學
MOST Projects 94 公司治理與內部人(董事及高階主管)薪酬:美國那斯達克與台灣上市櫃的高科技公司 陳嬿如 Principal Investigator 2005.08 ~ 2006.07 國立成功大學
MOST Projects 93 公司投資機會、選擇權薪酬、及策略性投資關聯性之動態分析 陳嬿如 Principal Investigator 2004.08 ~ 2005.07 國立成功大學
MOST Projects 92 選擇權薪酬引申之資本投資風險對公司營運績效的影響 陳嬿如 Principal Investigator 2003.12 ~ 2004.07 國立成功大學
Year Research Title Publish Date Authors
2021 陳嬿如*, 2021.05, '興南事業體改善計畫, ' 興南鑄造廠股份有限公司.(*為通訊作者) 2021-05-01
2018 胡星陽*;何耕宇;陳嬿如, 2018.01, '證券商資產管理的未來展望, ' 中華民國證券商業同業公會.(*為通訊作者) 2018-01-01
Country School Name Department Degree Duration
U.S.A. 美國休士頓大學 Finance 博士 1999.08 ~ 2003.05
Experience Category Organization Title Department Job Title Duration
Part Time NATIONAL CHENGCHI UNIVERSITY Office of International Programs 主任 2023.08 ~ Up to today
Experience Asian Finance Association President 2023.07 ~ 2025.06
Part Time NATIONAL CHENGCHI UNIVERSITY Department of Finance 系主任 2022.08 ~ 2023.07
Part Time NATIONAL CHENGCHI UNIVERSITY Department of Finance 系主任 2021.08 ~ 2022.07
Current NATIONAL CHENGCHI UNIVERSITY Department of Finance 教授 2020.08 ~ Up to today
Experience 科技部 科學園區管理局作業基金監督管理會 委員 2019.05 ~ 2021.04
Experience Asian Finance Association Board of Directors Secretary 2018.07 ~ 2023.06
Experience 科技部 科學園區管理局作業基金管理會 委員 2015.06 ~ 2018.05
Current NATIONAL CHENGCHI UNIVERSITY Department of Finance 副教授 2014.08 ~ 2020.08
Experience Asia-Pacific Journal of Financial Studies Associate Editor 2014.04 ~ Up to today
Experience 台灣財務金融學會 理監事會 副祕書長 2013.11 ~ Up to today
Experience 界霖科技股份有限公司 董事會 獨立董事 2011.11 ~ 2021.06
Experience Louisiana State University Dept of Accounting Visiting Scholar 2011.02 ~ 2011.07
Experience 國立成功大學 會計系暨財金所 副教授 2008.08 ~ 2014.07
Experience 國立成功大學 會計系暨財金所 助理教授 2003.08 ~ 2008.07
Honor Category Year Award Name Awarding Unit
Outside School 112 聯電管理論文獎佳作 中華民國管理科學學會
Inside School 112 國科會研究獎勵 科技部(國科會)
Inside School 111 國立政治大學優良導師 國立政治大學
Outside School 110 聯電管理論文獎佳作 中華民國管理科學學會
Outside School 110 富邦人壽管理博博士論文獎指導教授 中華民國管理科學學會
Inside School 110 國科會研究獎勵 科技部(國科會)
Inside School 109 國科會研究獎勵 科技部(國科會)
Inside School 109 EMBA教學優良 商學院EMBA
Inside School 108 國科會研究獎勵 科技部(國科會)
Outside School 107 臺灣財務金融學會年會暨研討會富邦論文獎 臺灣財務金融學會年會
Outside School 106 Annual Conference Best Paper Award Asian Finance Association
Inside School 106 教學優良 商學院
Outside School 106 臺灣財務金融學會年會暨研討會富邦論文獎 臺灣財務金融學會
Outside School 106 宋作楠碩士論文獎指導教授 財團法人宋作楠先生紀念教育基金會
Outside School 105 富邦人壽管理博碩士論文獎指導教授 中華民國管理科學學會
Outside School 103 臺灣財務金融學會年會暨研討會富邦論文獎 臺灣財務金融學會
Inside School 103 教學特優(ETP) 商學院