系所成員FACULTY
回首頁 系所成員 專任教師 劉裕宏
劉裕宏
姓名 劉裕宏
職稱 教授
E-mail yuhong@mail.ncku.edu.tw
辦公室 63310
分機 53429
專長領域 衍生性金融商品訂價、風險管理、財務管理、資產證券化
學歷
  • 台大國際企業所財工組博士
  • 台大資訊工程碩士
  • 交大資訊科學學士
經歷
  • 成大會計系教授
  • 成大會計系副教授
  • 成大會計系助理教授
  • 成大財務處理財組組長
  • 台灣財務工程協會監事 2015.7-訖今
  • 精湛光學科技獨立董事104.11-106.2
  • 成大投資諮詢委員
  • 成大會計文教基金會執行長
  • 成大財務處副財務長
  • 成大財務處財務長107.2-115.1
期刊論文

 

出版年月 著作名稱 作者 收錄出處
2026-12 The Influence of Liquidity and Default Risks on Presale Housing Contracts in Asia: A Utility-Based Approach Jiang,I-Ming, Liu, Yu-Hong, Lo, Chia-Chun, Andreas Karathanasopoulos Review of Quantitative Finance and Accounting(國科會財務領域 “A tier-2“ 級國際期)
2025-12 Pricing Vulnerable Options when Debts Have Performance- Sensitivity Provisions Yu-Hong Liu,I-Ming Jiang, Mao-Wei Hung International Review of Economics and Finance (國科會財務領域“A-“ 級國際期, SSCI)
2025-10 How ESG Engagement Shapes Firm Life Cycle Progression: Evidence from U.S. data Hwang, Tang-Lin, Liu, Yu Hong Finance Research Letters (國科會財務領域“A-“ 級國際期, SSCI)
2025-06 Optimizing Investment Strategies: Unraveling the Interplay of Managerial Discretion, Debt Constraints, and Growth Uncertainty Yu-Hong Liu, I-Ming Jiang, Mao-Wei Hung, Kuan-Miao Hou Review of Quantitative Finance and Accounting (國科會財務領域 “A tier-2“ 級國際期)
2025-05 The impacts of business cycles on the residual income valuation model: Empirical results from Taiwan stock markets Liu, Yu Hong, Hwang, Tang-Lin 亞太管理評論
Asia Pacific Management Review (國科會管理領域優良期刊, TSSCI)
2025-04 Optimal Timing and Proportion in Two Stages Learning Investment Liu, Y. H. and Jiang, I. M., and Hung, M. W. Review of Quantitative Finance and Accounting (國科會財務領域 “A tier-2“ 級國際期)
2024-04 Managerial Discretion and Debt Financing Under Information Uncertainty Liu, Y. H. and Jiang, I. M., and Huang, H. C. The Financial Review (國科會財務領域 “A tier-2“ 級國際期)
2022-08 Optimal Sequential Investment Decision-Making with Jump Risk Jiang, I. –M., Liu, Y. H. Pakavaleetorn, S. Asia-Pacific Journal of Operational Research (2023 Impact Factor = 1.1, Operations Research & Management Science = 93/106,Q4, SCI)
2020-04 Price Discovery and Trading Activity in Taiwan Stock and Futures Markets Hung Jui-Cheng, Yu-Hong Liu , I-Ming Jiang , Shuh Liang Emerging Markets Finance and Trade (2023 Impact Factor = 2.8, Business Rank = 147/304,Q2, SSCI)
2019-04 Influence of Managers' Subjective Judgments on Project Abandonment Decision-Making Liu, Y.-H., Jiang, I. –M and Meng-I Tsai International Journal of Information Technology & Decision Making (2023 Impact Factor = 2.5, Operations Research & Management Science Rank = 40/106, Q2, SCI)
2019-04 Optimal Proportion Decision-making for Two Stages Investment Liu, Y.-H. and Jiang, I. –M North American Journal of Economics and Finance (2023 Impact Factor = 3.8, Business Finance Rank = 38/233, Q1, SSCI)
2018-12 An analysis of gains to US acquiring REIT shareholders in domestic and cross-border mergers before and after the subprime mortgage crisis Alan T. Wang, Yuhong Liu *, Yu-Chen Chang Sustainability (2023 Impact Factor = 3.3, Environmental Studies Rank=160/359,Q2, SSCI)
2018-01 Compound Option Pricing under a Double Exponential Jump-Diffusion Model Liu Yu-hong, I-Ming Jiang, Wei-tze Hsu North American Journal of Economics and Finance (2023 Impact Factor = 3.8, Business Finance Rank = 38/233, Q1, SSCI)
2018-01 Valuation of n-fold Compound Barrier Options with Stochastic Interest Rate Liu Yu-hong, I-Ming Jiang,Li-chun Chen Asia Pacific Management Review (國科會管理領域優良期刊, TSSCI)
2017-06 Making Capital Budgeting Decisions for Project Abandonment by Fuzzy Approach Liu Yu-Hong, I-Ming Jiang, Meng-I Tsai Lecture Notes in Computer Science (EI)
2016-12 Currency Option Pricing under Stochastic Interest Rates and Extended Normal Distribution Liu Yu-hong, Yu-Chen Lin, Ya-hsin Hung Universal Journal of Accounting and Finance (Econlit, JEL)
2016-07 A Real Options Approach to the Valuation of Switch Benefits Between Manual Toll Collection and ETC for Freeways Liu Yu-Hong, I-Ming Jiang, Ying-Ming Yen Advances in Financial Planning and Forecasting (國科會 “B“ 級財務領域國際期刊)
2015-03 Options pricing with time changed Lévy processes under imprecise information Feng, Z.-Y., Johnson T. S. Cheng, Y.- H. Liu and I.-M. Jian Fuzzy Optimization and Decision Making (2023 Impact Factor = 4.8, Operations Research & Management Science Rank = 18/106,Q1, SCI)
2015-01 Technological Innovation, Product Life Cycle and Market Power: A Real Options Approach Cheng, T. S., I.-M. Jiang and Y.- H. Liu International Journal of Information Technology & Decision Making (2023 Impact Factor = 2.5, Operations Research & Management Science Rank = 40/106, Q2, SCI)
2014-09 Pricing Contingent Claims using the Heath-Jarrow-Morton Term Structure Model and Time-Changed Levy Processes Liu Y. H. ,I. M. Jiang and Z. Y. Feng 亞太管理評論
Asia Pacific Management Review (國科會管理領域優良期刊, TSSCI)
2013-12 Does Neighbor Fire Cause More Danger? Chen Jiun-Lin, Kung-Cheng Ho, Yu-Hong Liu, Po-Hsiang Huang JOURNAL OF ACCOUNTING, FINANCE & MANAGEMENT STRATEGY
2013- Valuation of Double Trigger Catastrophe Options with Counterparty Risk Jiang I-Ming, Sheng-Yung Yang*, Yu-Hong Liu, Alan T. Wang North American Journal of Economics and Finance (2023 Impact Factor = 3.8, Business Finance Rank = 38/233, Q1, SSCI)
2012-12 Defaultable Options under Imprecise Information Yu-Hong Liu, I-Ming Jiang, Andrew, Ming-Long Wang,Zhi-Yuan Feng Review of Securities and Futures Markets (財務類 TSSCI期刊與國科會評選優良財務類期刊)
2012-10 Influence of Investor Subjective Judgments in Investment Decision-Making Liu Y. H. and I. M. Jiang International Review of Economics and Finance (國科會財務領域“A-“ 級國際期, SSCI)
2012-06 Pricing and Hedging Strategy for Options with Default and Liquidity Risk I-Ming Jiang, Yu-hong Liu, Zhi-yuan Feng, Meng-kun Lai Asia Pacific Management Review (國科會管理領域優良期刊, TSSCI)
2011-01 The Valuation of Reset Options when Underlying Assets are Autocorrelated Liu Y. H., I. M. Jiang, S. C. Lee and Y. T. Chen, International Journal of Business and Finance Research
2011-01 Valuation of R and D Projects Y.H. Liu Asia Pacific Management Review (國科會管理領域優良期刊, TSSCI)
2010-11 Testing the Ohlson Model-Fractional Cointegration Approach Lee, S. C., I. M. Jiang, and Liu Y. H. International Research Journal of Finance and Economics
2010-09 Vulnerable Option Pricing under Heterogeneity and Its Applications in Taiwan Warrant Market Liu Y. H*., I. M. Jiang International Journal of Fuzzy Systems (2010 Impact Factor = 1.362, Automation & Control Systems Rank = 22/60; Computer Science, Artificial Intelligence Rank=54/108; 1st and Corresponding Author, SCI, EI)
2010-05 Valuation of Compound Options When Its Underlying Asset is Not Traded Y.H. Liu International Journal of Theoretical and Applied Finance (國科會 “B“ 級財務領域國際期刊, 2023 Impact Factor = 0.5, Business Finance Rank = 195/233, Q4, ESCI)
2009-04 Barrier Options Pricing A Hybrid Method Approach Wang, M. L., Y. H. Liu, and Y. L. Hsiao Quantitative Finance (國科會財務領域 “A tier-2“ 級國際期, SSCI)
2009- Pricing Fuzzy Vulnerable Options and Risk Management Liu Y.H. EXPERT SYSTEMS WITH APPLICATIONS (2009 Impact Factor = 2.908, OPERATIONS RESEARCH MANAGEMENT SCIENCE Rank = 3/73; Singled-Author), Vol. 32 (10), 12188-12199.(SCI)
2008-10 A Recursive Evaluation Approach to Price Catastrophe Derivatives Liu, Y. H., M. W. Hung, I. M. Jiang and C. H. Kuei Asian Pacific Journal of Financial Studies (國科會財務領域 “B+“ 級國際期, SSCI)
2007-01 台灣各大學院校在國際財金期刊之著作表現 劉裕宏 證券市場發展季刊
Review of Securities and Futures Markets (財務類TSSCI期刊與國科會評選優良財務類期刊)
2006-03 Valuation of Weather Derivatives Hung M.W. and Y.H. Liu 財務金融學刊
Journal of Financial Studies (財務類TSSCI期刊與國科會評選前三名財務類期刊)
2005-06 Pricing Vulnerable Options in Incomplete Markets Hung M.W. and Y.H. Liu Journal of Futures Markets (國科會財務領域 “A tier-2“ 級國際期, SSCI)
2003-05 Long Memory in Currency Futures Chung, C. F., M.W., Hung and Y.H. Liu Research in Finance (國科會 “B “ 級財務領域國際期刊)

 

 

研討會論文

[1] Yu-Hong Liu, 2025, The Behavioral Relationship between Managers and Shareholders in Firms with Learning Ability, 2025, 26th Asia Pacific Management Conference, Ho Chi Minh City, Vietnam. (3-Round Revision in Asia-Pacific Journal of Operational Research, SCI)

[2] Yu-Hong Liu and I-Ming Jiang, 2024, Decisions, Managerial Discretion, and Debt-Financing Constraints with Uncertain Growth Opportunities, 2024 30th International Conference Computing in Economics and Finance (30th CEF Conference 2024), Nanyang Technological University in Singapore. (已發表在Review of Quantitative Finance and Accounting).

[3] Yu-Hong Liu and Sutee Pakavaleetorn, 2024, Real Options, Managerial Discretion and Debt-financing Constraints with Meaningreverting Revenues,2024 Innovation in Global Business, Marketing, Social Sciences & Economics, Osaka, Japan.

[4] Yu-Hong Liu and I-Ming Jiang , 2023, Managerial Compensation, Investment Decision Making with Technological Innovation, 2023 International Conference on Innovation and Management, Sapporo,Japan.(已發表在Financial Review)

[5] Yu-Hong Liu, 2020, Pricing Vulnerable Asian Options with Correlated Credit Risk under Jump-Diffusion Process, 2020, International Conference on “Business, Economics, Social Science

& Humanities”, AFA Research 2020, Osaka, Japan.

[6] Yu-Hong Liu, I-Ming Jiang, 2018, The Two-Stage Optimal Investment Strategy In Taiwan Real Estate Market , 2018 International Symposium on Economics and Social Science-Summer Session (ISESS-Summer 2018), Waseda University, Tokyo, Japan.

[7] Yu-Hong Liu, Sutee Pakavaleetorn, 2018, Optimal Proportion  Decision-making of Two-stage Investment with Jump Risk,International Conference on Economics and Finance Research,FrankFurt, Germany. (The related contents of the paper have been published in North American Journal of Economics and Finance 2017.Impact Factor = 1.098, Business Finance Rank = 58/98, SSCI) (MOST 103-2410-H-006 -034 -), Vol. 43, 30-53. )

[8] Yu-Hong Liu, I-Ming Jiang and Meng-I Tsai,, 2017, Making Capital Budgeting Decisions for Project Abandonment by Fuzzy Approach, The 8th International Conference on Swarm Intelligence (ICSI’2017).

[9] Liu, Yu-hong , I-ming Jiang, Ming-Shu, Huang, 2017, Valuation of Contingent Pension Liabilities with Stochastic Interest Rate and General Default Model, Annual Cairo Business Research Conference.

[10] Liu Yu-Hong, I-ming Jiang and Shih-Cheng Lee, 2016, “Real Estate Presale Contracts Pricing under Liquidity Risk",The 18th Asia Pacific Management Conference, Sendai, Japan.

[11] Liu, Yu-Hong , 2016, Compound Option Pricing under a Double Exponential Jump-Diffusion Model, International Business Research, Economics, Finance and MIS Conference (BREFM 2016).

[12] Liu Yu-Hong, 2016, Valuation of n-fold Compound Barrier Options with Stochastic, 2016 International Academic Business Conference, Washington,United States.

[13] Liu Yu-Hong, 2015, Compound Option Pricing under a Double Exponential Jump-Diffusion Model, Multidisciplinary Conference, Vienna, Austria.

[14] Liu Yu-hong, I-Ming Jiang and Johnson T. S. Cheng, 2014, “Human Resource Management and Real Options:An Empirical Evidence of MLB, The 16th Asia Pacific Management   Conference, Kobe, Japan.

[15] Liu Yu-hong, 2014, “Optimal Timing and Proportion Investment with Learning-curve Technologies of Two Stages Investment”, Multidisciplinary Conference, Venice, Italy.

[16] Liu Yu-hong, 2013, “Valuation of Vulnerable Option as Trading Counterparty's Credit Quality is Autocorrelated”, Multidisciplinary Conference, Paris, France.

[17] Liu Yu-hong, 2012, “Pricing Convertible Bond with Multiple Reset Clauses”, Western Economic Association International 87th Annual Conference, San Francisco, U. S. A.

[18] Y. H. Liu and Z. Y. Feng, 2011, “Analytical Upper Bounds for American Exotic Currency Options with a Stochastic Skew Model”, 9th Annual International Conference on Finance, Athens, Greece.

[19] Y. H. Liu and Z. Y. Feng, 2011, “A Simple Formula for European Option under Time-Changed Lévy Processes with Imprecise Market Information”, 9th Annual International Conference on Finance, Athens, Greece.

[20] Y.H. Liu, 2010, “Pricing Catastrophe Options with Counterparty Risk”, The 13th Cross-Strait Chinese Culture and Business Management Conference, Sun Yat-sen University, GuangZhou, China.

[21] Y.H. Liu, 2010, “Valuation of Fuzzy Vulnerable Options and Risk Management”, The 16th International Conference on Computing in Economics and Finance, London City University, London, UK.

[22] Y. H. Liu and Z. Y. Feng, 2009, “Analytical Upper Bounds for American Option Prices with Time-Changed Lévy Processes”, NSYSU, the 17th Conference on Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan.

[23] Y. H. Liu and Z. Y. Feng, 2009, “Analytical Upper Bounds for American Option Prices with Time-Changed Lévy Processes”, NCKU, Accounting Theory and Practice Conference, Tainan, Taiwan.

[24] Y.H. Liu, 2009, “Valuation of Compound Options When Its Underlying Asset Is Non-traded”,The, 12th Cross-Strait Chinese Culture and Business Management Conference, Zhejiang University, China.

[25] Liu Y. H., I. M. Jiang and M. K. Lai, 2008, “Non-identically Rational Option Pricing and Its Applications”, the 16th National Conference on Fuzzy Theories and Its Applications, Chung-Li, Taiwan. (Best Paper Award in Financial Field).

[26] Wang, M. L. and Y. H. Liu, 2006, “Barrier Option Pricing: A Hybrid Method Approach”, NSYSU, the 14th Conference on Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan.

[27] Hung M.W. and Y.H. Liu, 2005, “Valuation of Weather Derivatives”, NCKU, Conference on Finance, Tainan, Taiwan.