Tseng, Kevin Chun-kai（曾俊凱）

Biography

Professor Kevin Tseng is a Professor at the Chinese University of Hong Kong (CUHK) Business School and Director of the newly established Faculty Development Centre. He previously served as the EMBA Alumni Elite Chair Professor and Chen-Yung Outstanding Scholar at National Taiwan University (NTU). Before joining NTU, he was a Financial Economist at the Federal Reserve Bank of Richmond and an Assistant Professor at the University of Kansas School of Business.

Professor Tseng’s research interests encompass knowledge spillover, capital markets, disclosure, innovation, and corporate and household finance. His work has been published in premier accounting and finance journals, including Journal of Accounting and Economics, The Journal of Finance, The Accounting Review, Review of Financial Studies, Management Science, Journal of Financial and Quantitative Analysis, and Contemporary Accounting Research. He serves on the editorial board of Accounting and Business Research.

His research excellence has been recognized through multiple awards. He was a finalist for the Research Excellence Award in both 2024 and 2025, received the Ministry of Science and Technology (MOST) Outstanding Research Award in 2022, and earned the Western Finance Association Cubist Systematic Strategies PhD Candidate Award for Outstanding Research in 2015.

Professor Tseng teaches in undergraduate, MACC, MBA, PhD, and DBA programs at CUHK. His teaching has been recognized through his selection as a finalist for the SACY Teaching Award, nomination for the Faculty Teaching Excellence Award, and receipt of the Faculty Teaching Merit Award.

Teaching Areas

Valuation
Research Method

Research Interests

Knowledge Spillover
Capital Market
Information Disclosure
Innovation
Household Finance

• Publications & Working Papers
  • Thomas Chemmanur, Dongmei Li, Kevin Tseng, and Yu Wang (2025), “Measuring the Economic Value of an Innovation When Some Investors Are Inattentive,” Journal of Financial and Quantitative Analysis, forthcoming.
  • Feng Chen, Yi Ding, Xingqiang Du, Kevin Tseng, and Xiaoqiao Wang (2025), “Are There Externalities of Private Firm News Disclosure? Evidence from Public Firms’ Investment,” The Accounting Review, forthcoming.
  • Yen-Cheng Chang, Kevin Tseng, and Teresa Yu (2024), “Access to Financial Disclosure and Knowledge Spillover,” The Accounting Review, forthcoming.
  • Kevin Tseng and Irene Zhong (2024), “Standing on the Shoulders of Giants: Financial Reporting Comparability and Knowledge Accumulation,” Journal of Accounting and Economics, forthcoming.
  • Heitor Almeida, Vyacheslav Fos, Po-Hsuan Hsu, Mathias Kronlund, and Kevin Tseng (2024), “Innovation Under Pressure,” Journal of Financial and Quantitative Analysis, forthcoming.
  • Yen-Cheng Chang, Alexander Ljungqvist, and Kevin Tseng (2023), “Do Corporate Disclosures Constrain Strategic Analyst Behavior?” Review of Financial Studies, 36(8), 3163-3212.
  • Kevin Tseng (2022), “Learning from the Joneses: Technology Spillover, Innovation Externality, and Stock Returns,” Journal of Accounting and Economics, 73(2-3), 101748.
  • Yen-Cheng Chang, Pei-Jie Hsiao, Alexander Ljungqvist, and Kevin Tseng (2022), “Testing Disagreement Models,” The Journal of Finance, 77(4), 2239-2285.
  • Po-Hsuan Hsu, Dongmei Li, Qin Li, Siew Hong Teoh, and Kevin Tseng (2022), “Valuation of New Trademarks,” Management Science, 68(1), 257-279.
  • Heitor Almeida, Po-Hsuan Hsu, Dongmei Li, and Kevin Tseng (2021), “More Cash, Less Innovation: The Effect of the American Jobs Creation Act on Patent Value,” Journal of Financial and Quantitative Analysis(Lead article), 56(1), 1-28.
  • Yen-Cheng Chang, Minjie Huang, Yu-Siang Su, and Kevin Tseng (2021), “Short-Termist CEO Compensation in Speculative Markets: A Controlled Experiment,” Contemporary Accounting Research, 38(3), 2105-2156.

• Awards & Honours
  • MOST Outstanding Research Award, 2022
  • Early-Career Investigator Research Achievement Award, Academia Sinica, 2022
  • Young Researcher Award, Taiwan Econometrics Society, 2022
  • Young Researcher Award, Taiwan Risk and Insurance Association, 2022
  • E. Sun Academic Award, E.SUN FHC & National Taiwan University, 2021-2023
  • Best Paper Award, TFA Annual Meeting, 2018, 2020-2022
  • Best Paper Award, Management and Practice Conference, 2021
  • Chen-Yung Outstanding Scholar, National Taiwan University, 2020
  • EMBA Alumni Elite Chair, National Taiwan University, 2020
  • Best Paper Award Semifinalist, Financial Management Association (FMA) Annual Meeting, 2018-2019, 2023 (*2)
  • Best Paper Award, Asian Finance Association (Asian FA), 2016
  • Ph.D. Candidate Award for Outstanding Research, Western Finance Association (WFA), 2015
  • PhD Forum Best Paper Award Second Prize, Australasian Finance and Banking Conference (AFBC), 2014

• Academic/Professional Services
  • Ad-Hoc Referee, Review of Financial Studies, Management Science, Journal of Financial and Quantitative Analysis, Contemporary Accounting Research, Research Policy, Review of Corporate Finance Studies, Journal of Banking and Finance, Journal of Empirical Finance
  • Organising Committee, 2019 TFA Asset Pricing
  • Programme Committee, Northern Finance Association (NFA), Financial Management Association (FMA), Financial Management Association Asia/Pacific (FMA Asia), Southern Finance Association (SFA)