Publications:

＜Journal Articles＞

1. Kao, M.S., Li, C.H., Kuo, A., and Tsai, L.J. (2023), The Impact of CSR Decoupling on Firm Value: The Moderating Effects of Internationalization and Overseas Investment Regions, Review of Securities and Futures Markets, 35:4, 147-196
2. Tsai, L.J., Shu, P.G., and Chiang, S.J. (2019, Dec). Foreign investors’ trading behavior and market conditions: Evidence from Taiwan. Journal of Multinational Financial Management, V52-53, 1-22. (SSCI).
3. Tsong, C. C., Lee, C. F., Tsai, L. J., “A parametric stationarity test with smooth breaks”, Studies in Nonlinear Dynamics and Econometrics , Published Online  09/26/2018.          DOI: https://doi.org/10.1515/snde-2015-0091  (SSCI)
4. Tsong, C. C., Lee, C. F., Tsai, L. J.”, (2019, Apr). A parametric stationarity test with smooth breaks. Studies in Nonlinear Dynamics and Econometrics, 23(2), 1-14. (SSCI). MOST 104-2410-H-260-001.
5. Lin, J. J., Tsai, L. J., and Chang, C.C. (2017), "Return Links and Volatility Spillover between the Stock Market and the Commodity Markets of Metal and Crude Oil", Journal of Management Practices and Principles, 11(1), 19-48.
6. Tsai, L. J., Huang, K.W., Chen, M.C., and Lin, J. J., (2014), "The Performances of Pair Trading Strategies for TSMC and UMC", Journal of Management Practices and Principles, Vol. 8, N0. 2, 70-90.
7. Chiang, S.J., Tsai, L.J., Shu, P.G., and Chen, S.L. (2012), "The trading behavior of foreign, domestic institutional, and domestic individual investors: Evidence from the Taiwan stock market", Pacific-Basin Finance Journal 20(5), 745-754. (SSCI)
8. Tsai, L.J., Shu, P.G., Yeh, Y.H., and Chen, S.L. (2012), "The role of culture on country governance", Radix International Journal of Research in Social Science 1 (7), 95-133.
9. Chen, S. L., Tsai, L. J., and Chen, N. J., 2012, "Home Bias and Half-life of Real Exchange Rates: Empirical Evidences from Three Northeast Asian Countries", Journal of Management Practices and Principles, Vol. 6, pp. 109-120.
10. Huang, Jiun-Kai, Chen, Nen-Jing, Tsai, L.J., Chen, Show-Lin, 2009, "Spread and Investment Strategy：The Case of Taiwan Future and Spot Stock Markets", Fu Jen Management Review, Vol.16, No.2, pp.1-24.
11. Chiang, S.L., Tsai, L. J., and Chen, S. L., 2007, "Do Foreign Investments Dominate the Stocks and Foreign Exchange -- Evidence from Asian Pacific Countries? ", Journal of Statistics and Computing, Vol. 9, pp. 45-75
12. Chen, S.L., Tsai, L.J., and Wu, J.L. (2004), "A revisit to liquidity effects--Evidence from a nonlinear approach", Journal of Macroeconomics, Vol. 26 No. 3，501-517. (SSCI)
13. Wu, J. L., Tsai, L. J., and Chen, S. L. (2004), "Are real exchange rates nonstationary? -- The Pacific Basin perspective", Journal of Asian Economics，Vol. 15 No. 2，pp.425-438. (EconLit )
14. Tsai, L.J., and Chou, C.H., 2000, "The Performance of VaR measurements — The Empirical Studies of Currency Exchange Rates", Journal of Statistics and Computing, Vol.6, 57-73.
15. Tsai, L.J., and Yeh, Y.H., 2000, "The Forecasting Ability for a Nested Family of Asymmetric GARCH Models", Fu Jen Management Review, Vol.7, No.1, 183-196
16. Tsai, L. J., and Yeh, Y. H. (2000), "Asymmetric nested GARCH models, trading volume and return volatility- An empirical study of Taiwan stock market", Advanced in Investment Analysis and Portfolio Management，Vol. 7，145-161. (FLI)
17. Yeh, Y.H., and Tsai, L.J., 2000, "The Relationship between Expected Return and Risk in Taiwan Stock Market among Different Volatility Periods", Fu Jen Management Review, Vol.7, No.2, 161-180.
18. Tsai, L.J., and Peng, J.M., 1998, "Efficiency Tests of U.S. Dollar Forward Exchange Market in Taiwan", Journal of Statistics and Computing, Vol. 4, 23-46。

＜Conference Papers＞

1. Tsong, C. C., Lee, C. F., Chang, T. T., Lin, Y. L., and Tsai, L. J. (2015)，「The Fourier Form and the Parametric Stationarity Test」，The 2015 Annual Conference of Taiwan Economic Association, National Taiwan University，Taipei，Taiwan，December 12, 2015.
2. Lin, J. J., Tsai, L. J., and Chang, C. C., (2014)，「Return Links and Volatility Spillover between the Stock Market and the Commodity Markets of Metal and Crude Oil」，2014 Cross Strait Economics and Management Symposium, Fu Jen Catholic University, New Taipei City, Taiwan, October 31, 2014.
3. Tsong, C. C., Lee, C. F., and Tsai, L. J. (2013)，"Testing for the Null of Cointegration with the Fourier Component"，The 2013 Annual Conference of Taiwan Economic Association， Tamkang University，Taipei，Taiwan，December 13-14, 2013.
4. Chiang, S.J., Tsai, L.J., and Shu, P.G., (2013)，「Market sentiment and bounded rationality of foreign investors: the evidence of Taiwan」, The 21st Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan.
5. Tsai, L. J., Huang, K. W., and Chen, M.C., 2013, “The Performances of Pair Trading Strategies for TSMC and UMC,” 2013 Cross-strait Conference on Modern Finance and Commerce, School of Economics and Business Administration, Chonqing University, China, June 2013
6. Lee, C. F., Tsong, C. C., and Tsai, L. J., 2012, “Why Unemployment Rates Show Asymmetric Behavior? Evidence from Quantile Regression Analysis,” The 2012 Annual Conference of Taiwan Economic Association and The 13^th Annual Conference on Empirical Economics, National Central University, Taiwan, December 2012.
7. Yeh, Y.H., and Tsai, L. J. (2010)，「Corporate governance, diversification and firm value」，European Financial Management Association, 2010 Annual Conference, Denmark.
8. Tsai, L. J., and Liu, W. L., 2009, “Does the Financial Innovation in U.S.A. Reduce Economic Volatility?”  2009 Cross Strait Economics and Management Symposium, Tianjin University of Finance and Economics, China, October 2009.
9. Tsai, L. J., and Chen, S. L., 2007, “Beyond the Unit Root Test for PPP – the Empirical Studies of Taiwan, Japan, and South Korea,” 2007 Conference on Economics and Management - Academic Interchange of Xiamen University and Fu-Jen, June 2007.
10. Tsai, L. J., and Chen, S. L., 2007, “What Matters for Financial Development? Culture and Public Governance,” 2007 International Conference on Business Ethics and Corporate Governance, June 2007.
11. Tsai, L.J., Shu, P.G., Yeh, Y.H., and Chen, S.L. (2007), "The role of culture on country governance"， The 14th Annual Global Finance Conference，Melbourne，Australia.
12. Chiang, S.J., Tsai, L.J., and Chen, S.L. (2007), "The trading patterns and performance of foreigners, domestic institutions, and individuals"，The 14th Annual Global Finance Conference，Melbourne，Australia.
13. Chiang, S.J., Tsai, L. J., and Chen, S. L., 2005, “The Trading Behavior of Foreign Investment and Stock Price Index-Evidence from Threshold Cointegration,” The First Conference on Taiwan Commerce, Ching Yun University, September 2005.
14. Chiang, S.J., Tsai, L. J., and Chen, S. L., 2005, “The Relationship between Foreign Investment Buy-In, Sell-Out and Taiwan Stock Price Index --Evidence from Threshold Cointegration”, The Second Conference on Banking and Finance and Financial Trend, January 2005.
15. Wu, J. L., Tsai, L. J. and Chen, S. L., 2004, "A Revisit to the Interest Rate Linkage within the European Monetary System: Evidence from Thereshold Cointegration", The first Sino-International Symposium on Probability, and Quantitative Management，International Chinese Association of Quantitative Management, June 2004, Conference Proceedings, pp.119-132.
16. Chiang, S.L., Tsai, L. J., and Chen, S. L., 2003, “Do Foreign Investments Dominate The Stocks and Foreign Exchange？ – Evidence from Pacific Basin Countries,” 2003 Contemporary Issues on Finance – Academic Symposium, 04/18, 2003.
17. Wu, J. L., Chen S. L., and Tsai, L. J. (2003), "Are real exchange rates nonstationary?-- The Pacific Rim Basin perspective"，Taiwan，Institute of Economics, Academia Sinica.
18. Tsai, L.J., 1999, “An Econometric Analysis of Taiwan Money Demand —the Application of LQAC Model with Nonstationary Time Series”, The Conference on Macroeconomics and International Finance, November, 1999, Department of Economics, Fu-Jen Catholic University, Taiwan.
19. Tsai, L.J., and Yeh, Y.Y., 1998, “The Forecasting Ability for a Nested Family of Asymmetric GARCH Models”, Chinese Finance Association Annual conference, National Central University, Taiwan, 1998.
20. Tsai, L.J., and Kuo, F.C., 1997, “The Asymmetry and Periodicity of Taiwan Stock Return Volatility—Applications of Asymmetric Periodic-GARCH Model”, Taiwan Economic Association Annual conference Proceedings, 187-216.
21. Tsai, L, J., and Yeh, Y. H. (1996)，"Trading volume and the asymmetric impact on volatility --An empirical study of GARCH model on Taiwan stock market"，The Fifth Conference on the Theories and Practices of Security and Financial Markets.
22. Yeh, Y.Y., and Tsai, L.J., 1996, “The Asymmetric Effects of News on the Volatility of Stock Return”, APFA/PACAP Finance Conference CFA Annual Meetings, Taiwan, July 8-10, 1996.
23. Tsai, L.J., and Waung, Y.Y., 1995,”Unit Root Tests Under Structural Change with Applications”, Taiwan Economic Association Annual Conference Proceedings, 261-293.