Po-Hsuan Hsu

University of Hong Kong

Assistant Professor

Pokfulam Road

Hong Kong

China

SCHOLARLY PAPERS

41

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CITATIONS
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73

Scholarly Papers (41)

1.

Re-Examining the Profitability of Technical Analysis with White's Reality Check and Hansen's SPA Test

Number of pages: 27 Posted: 08 Apr 2005
Po-Hsuan Hsu and Chung-Ming Kuan
University of Hong Kong and Department of Finance, National Taiwan University
Downloads 2,200 (4,203)
Citation 1

Abstract:

data snooping, investor's strategies, SPA test, stationary bootstrap, technical analysis, trading rules, White's Reality Check

2.

Innovative Efficiency and Stock Returns

Journal of Financial Economics (JFE), Vol. 107, 2013
Number of pages: 62 Posted: 04 Apr 2011 Last Revised: 07 Nov 2014
David A. Hirshleifer, Po-Hsuan Hsu and Dongmei Li
University of California, Irvine - Paul Merage School of Business, University of Hong Kong and University of South Carolina - Darla Moore School of Business - Department of Finance
Downloads 1,424 (9,991)
Citation 10

Abstract:

innovative efficiency, limited attention

3.

Financial Development and Innovation: Cross-Country Evidence

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 46 Posted: 23 Jan 2011 Last Revised: 15 Jun 2014
Po-Hsuan Hsu, Xuan Tian and Yan Xu
University of Hong Kong, Tsinghua University - PBC School of Finance and HKU, Faculty of Business and Economics
Downloads 998 (11,188)
Citation 4

Abstract:

financial development; innovation; external finance dependence; high-tech intensiveness

Bringing in Changes: The Effect of New CEOs on Innovation

Number of pages: 45 Posted: 29 Sep 2010 Last Revised: 19 Jun 2014
Frederick L. Bereskin and Po-Hsuan Hsu
University of Delaware and University of Hong Kong
Downloads 557 (39,180)
Citation 1

Abstract:

CEO turnover, innovation

5.

Testing the Predictive Ability of Technical Analysis Using a New Stepwise Test Without Data Snooping Bias

Number of pages: 35 Posted: 03 Feb 2008 Last Revised: 21 Aug 2009
Po-Hsuan Hsu, Yu-Chin Hsu and Chung-Ming Kuan
University of Hong Kong, University of Missouri at Columbia - Department of Economics and Department of Finance, National Taiwan University
Downloads 655 (27,304)
Citation 10

Abstract:

data snooping, exchange traded funds, reality check, SPA test, stepwise test, technical trading rules

Innovative Originality, Profitability, and Stock Returns

Review of Financial Status
Number of pages: 75 Posted: 26 Jul 2012 Last Revised: 06 Jul 2017
David A. Hirshleifer, Po-Hsuan Hsu and Dongmei Li
University of California, Irvine - Paul Merage School of Business, University of Hong Kong and University of South Carolina - Darla Moore School of Business - Department of Finance
Downloads 539 (40,901)
Citation 9

Abstract:

Limited attention, Market efficiency, Processing fluency, Innovative originality, Complexity, Ambiguity aversion

Innovative Originality, Profitability, and Stock Returns

NBER Working Paper No. w23432
Number of pages: 77 Posted: 30 May 2017
David A. Hirshleifer, Po-Hsuan Hsu and Dongmei Li
University of California, Irvine - Paul Merage School of Business, University of Hong Kong and University of South Carolina - Darla Moore School of Business - Department of Finance
Downloads 15 (493,946)
Citation 9
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Abstract:

7.

What Affects Innovation More: Policy or Policy Uncertainty?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 58 Posted: 18 Dec 2013 Last Revised: 13 Aug 2017
Utpal Bhattacharya, Po-Hsuan Hsu, Xuan Tian and Yan Xu
Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management, University of Hong Kong, Tsinghua University - PBC School of Finance and HKU, Faculty of Business and Economics
Downloads 469 (18,422)

Abstract:

Innovation, Policy uncertainty, Policy, Political party

8.

A Stepwise SPA Test for Data Snooping and its Application on Fund Performance Evaluation

Number of pages: 31 Posted: 28 Feb 2006
Po-Hsuan Hsu and Yu-Chin Hsu
University of Hong Kong and University of Missouri at Columbia - Department of Economics
Downloads 389 (55,415)
Citation 1

Abstract:

Data Snooping, Reality Check, Stepwise Test, SPA test

9.

Less is More: Financial Constraints and Innovative Efficiency

Number of pages: 59 Posted: 09 May 2011 Last Revised: 29 Jul 2014
Heitor Almeida, Po-Hsuan Hsu and Dongmei Li
University of Illinois at Urbana-Champaign, University of Hong Kong and University of South Carolina - Darla Moore School of Business - Department of Finance
Downloads 349 (28,923)
Citation 2

Abstract:

innovative efficiency, financial constraints

10.

Technological Innovations and Aggregate Risk Premiums

Journal of Financial Economics (JFE), Forthcoming, AFA 2008 New Orleans Meetings Paper
Number of pages: 35 Posted: 21 Mar 2007 Last Revised: 07 Nov 2014
Po-Hsuan Hsu
University of Hong Kong
Downloads 340 (68,905)
Citation 15

Abstract:

Return predictability, Patents, Research and development, Technology shocks, Technological innovations

Forty Years, Thirty Currencies and 21,000 Trading Rules: A Large-Scale, Data-Snooping Robust Analysis of Technical Trading in the Foreign Exchange Market

Number of pages: 61 Posted: 31 Oct 2014
Po-Hsuan Hsu and Mark P. Taylor
University of Hong Kong and Washington University in St. Louis - John M. Olin Business School
Downloads 317 (78,149)

Abstract:

Data snooping, Foreign exchange, Technical analysis

Forty Years, Thirty Currencies and 21,000 Trading Rules: A Large-Scale, Data-Snooping Robust Analysis of Technical Trading in the Foreign Exchange Market

CEPR Discussion Paper No. DP10018
Number of pages: 63 Posted: 25 Sep 2014
Po-Hsuan Hsu and Mark P. Taylor
University of Hong Kong and Washington University in St. Louis - John M. Olin Business School
Downloads 1 (580,002)
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Abstract:

data-snooping bias, Foreign exchange, technical analysis, trading rules

12.

The Informational Role of Patents in Venture Capital Financing

Number of pages: 40 Posted: 19 Sep 2010 Last Revised: 07 Nov 2014
Jerry Cao and Po-Hsuan Hsu
Independent and University of Hong Kong
Downloads 241 (73,713)
Citation 2

Abstract:

Venture capital; innovation; patents; entrepreneur; information asymmetry

13.

Corporate Philanthropy, Research Networks, and Collaborative Innovation

Financial Management, Vol. 45, Issue 1, pp. 175-206, 2016
Number of pages: 47 Posted: 17 Jul 2012 Last Revised: 25 Oct 2016
University of Delaware, University of Delaware - Department of Finance and University of Hong Kong
Downloads 224 (94,147)

Abstract:

Innovation, Philanthropy, Patents, Disclosure

14.

Innovation Strategy of Private Firms

Number of pages: 54 Posted: 12 Mar 2014 Last Revised: 16 Aug 2017
Huasheng Gao, Po-Hsuan Hsu and Kai Li
Nanyang Technological University, University of Hong Kong and University of British Columbia (UBC) - Sauder School of Business
Downloads 186 (128,102)

Abstract:

innovation strategy; exploratory innovation; exploitative innovation; investment horizons; private firms; public firms

15.

The Role of Innovation Efficiency and Labor Productivity in Inventory Turnover Performance

Number of pages: 31 Posted: 04 Sep 2011 Last Revised: 20 May 2015
Jianer Zhou, Hsiao-Hui Lee and Po-Hsuan Hsu
Boston College, Faculty of Business and Economics, University of Hong Kong and University of Hong Kong
Downloads 183 (110,309)
Citation 1

Abstract:

intangible resources, inventory turnover, innovation efficiency, labor productivity

16.

Cross-Border Mergers and Acquisitions for Innovation Opportunities

26th Australasian Finance and Banking Conference 2013, Asian Finance Association (AsianFA) 2014 Conference Paper
Number of pages: 59 Posted: 24 Jun 2013 Last Revised: 30 Apr 2016
University of Hong Kong, University of New South Wales - Australian School of Business, UNSW Business School and University College Dublin (UCD) - Michael Smurfit Graduate School of Business
Downloads 170 (98,293)

Abstract:

Innovation, mergers, acquisitions, cross-border

17.

Innovate to Survive: The Effect of Technology Competition on Corporate Bankruptcy

Financial Management, Forthcoming
Number of pages: 49 Posted: 13 Nov 2008 Last Revised: 29 Jul 2014
Assaf Eisdorfer and Po-Hsuan Hsu
University of Connecticut - Department of Finance and University of Hong Kong
Downloads 163 (132,961)
Citation 1

Abstract:

Bankruptcy, Technology, Patents

18.

Technological Innovation Spillovers and Stock Returns

Number of pages: 52 Posted: 20 Aug 2009 Last Revised: 07 Nov 2014
Po-Hsuan Hsu
University of Hong Kong
Downloads 152 (144,796)
Citation 1

Abstract:

innovations, patents, sock returns, spillovers

19.

In the Mood for Creativity: Weather-Induced Mood, Inventor Productivity, and Firm Value

Number of pages: 61 Posted: 24 May 2016 Last Revised: 15 Jan 2017
Hong Kong Polytechnic University - Faculty of Business, University of Hong Kong, Deakin University and T.A. PAI Management Institute, Finance Area
Downloads 143 (171,431)

Abstract:

Mood; Inventor productivity; Innovation; Creativity; Motivation

20.

Corporate Innovation, Default Risk, and Bond Pricing

Journal of Corporate Finance, Volume 35, December 2015, Pages 329-344
Number of pages: 47 Posted: 20 Mar 2012 Last Revised: 16 Sep 2017
University of Hong Kong, Faculty of Business and Economics, University of Hong Kong, University at Albany, SUNY and Boston College
Downloads 133 (135,644)
Citation 12

Abstract:

Innovation, patent, default risk, bond premium, bond return

21.

Innovations, Intellectual Property Protection, and Financial Markets: Evidence from China

Number of pages: 38 Posted: 24 Jun 2010 Last Revised: 23 Oct 2014
Po-Hsuan Hsu and Wu Chaopeng
University of Hong Kong and Xiamen University - School of Management
Downloads 114 (172,451)

Abstract:

Banking, China, innovations, intellectual property, patents, piracy

22.

Technology Prospects and the Cross-Section of Stock Returns

Number of pages: 39 Posted: 10 Mar 2008 Last Revised: 07 Nov 2014
Po-Hsuan Hsu and Dayong Huang
University of Hong Kong and University of North Carolina (UNC) at Greensboro - Bryan School of Business & Economics
Downloads 83 (232,612)

Abstract:

Factor models; patents; technological innovations; tracking portfolios

23.

Be Nice to Your Innovators: Employee Treatment and Corporate Innovation Performance

Journal of Corporate Finance, Forthcoming
Number of pages: 53 Posted: 02 Jul 2014 Last Revised: 08 Jun 2016
Monash University - Department of Accounting, Hong Kong Polytechnic University - Faculty of Business, University of Hong Kong and Deakin University
Downloads 66 (47,586)

Abstract:

Employee satisfaction; Corporate innovation; Innovative strategies; Patents; Citations

24.

Cash Holdings and Innovative Efficiency: The International Evidence

Number of pages: 71 Posted: 15 Aug 2015 Last Revised: 27 Aug 2017
Po-Hsuan Hsu, Fengfei Li and Tse-Chun Lin
University of Hong Kong, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 52 (116,169)

Abstract:

innovative efficiency, cash holdings, R&D, precautionary saving

25.

Falling into Traps? Patent Thickets, Patent Commercialization, and Stock Returns

Number of pages: 64 Posted: 28 Jul 2015 Last Revised: 30 Nov 2016
Po-Hsuan Hsu, Hsiao-Hui Lee and Tong Zhou
University of Hong Kong, Faculty of Business and Economics, University of Hong Kong and Lingnan College, Sun Yat-Sen University
Downloads 29 (181,700)

Abstract:

Patent Thicket, Technology Application, Litigation, New Product, Stock Return

26.

Supply-Chain Technology Spillover and Product Invention

Number of pages: 41 Posted: 22 Sep 2015 Last Revised: 04 Jul 2017
Haiping Hui, Hsiao-Hui Lee and Po-Hsuan Hsu
The University of Hong Kong - Faculty of Business and Economics, Faculty of Business and Economics, University of Hong Kong and University of Hong Kong
Downloads 5 (205,948)

Abstract:

supply-chain technology spillover, product invention, absorptive capacity

27.

Natural Disasters, Technology Diversity, and Operating Performance

Number of pages: 45 Posted: 12 May 2017 Last Revised: 22 Sep 2017
Po-Hsuan Hsu, Hsiao-Hui Lee, Shucing Peng and Long Yi
University of Hong Kong, Faculty of Business and Economics, University of Hong Kong, National Taiwan University and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 0 (356,019)

Abstract:

natural disasters; innovation; operating performance

28.

Leviathan Inc. and Corporate Environmental Engagement

Darden Business School Working Paper No. 2960832, ECGI - Finance Working Paper No. 526/2017
Number of pages: 62 Posted: 01 May 2017 Last Revised: 12 Sep 2017
Po-Hsuan Hsu, Hao Liang and Pedro P. Matos
University of Hong Kong, Singapore Management University, Lee Kong Chian School of Business and University of Virginia - Darden School of Business
Downloads 0 (221,670)

Abstract:

state ownership, environmental engagement, sustainability, ownership structure

29.

More Cash, Less Innovation: The Effect of the American Jobs Creation Act on Patent Value

Number of pages: 43 Posted: 18 Apr 2017 Last Revised: 16 Aug 2017
University of Illinois at Urbana-Champaign, University of Hong Kong, University of South Carolina - Darla Moore School of Business - Department of Finance and University of Kansas School of Business
Downloads 0 (183,933)

Abstract:

Financial Slack; Innovation; Free Cash Flow; Agency Problems

30.

Asset Allocation Strategies, the 1/N Rule, and Data Snooping

Number of pages: 33 Posted: 23 Dec 2016
University of Hong Kong, Hefei University of Technology, Hefei University of Technology and Shanghai University of Finance and Economics
Downloads 0 (47,724)

Abstract:

Portfolio strategies, Data snooping, Reality Check, Predictability

31.

Intellectual Property News and Informed Trading: Evidence from Patenting Activities

Number of pages: 63 Posted: 10 Dec 2016
Po-Hsuan Hsu and Sahn-Wook Huh
University of Hong Kong and State University of New York (SUNY) - Department of Finance
Downloads 0 (267,269)

Abstract:

Information Asymmetry; Informed Trading; Price Impact; Order Imbalance; Conditional Probability of Informed Trading; Corporate Innovation; Patenting Activities; Product Similarity Scores; Cross-Firm Effects in Rival Firms

32.

When is Good News Not Good News? Opening Up the Black Box of Innovation for Family Firms

CEPR Discussion Paper No. DP11472
Number of pages: 66 Posted: 06 Sep 2016
University of Hong Kong, Singapore Management University - School of Accountancy, INSEAD - Finance and Tsinghua University - PBC School of Finance
Downloads 0 (541,518)
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Abstract:

family firms, innovation, innovation strategies, under-diversification

33.

The Real Effect of Smoking Bans: Evidence from Corporate Innovation

Number of pages: 62 Posted: 13 Aug 2016 Last Revised: 21 Apr 2017
Huasheng Gao, Po-Hsuan Hsu, Kai Li and Jin Zhang
Nanyang Technological University, University of Hong Kong, University of British Columbia (UBC) - Sauder School of Business and Nanyang Technological University (NTU), Nanyang Business School
Downloads 0 (280,065)

Abstract:

Innovation, Smoking Bans, Patent, Patent Citation, Inventor Productivity, Inventor Relocation

34.

The Oscar Goes To…: Peer Pressure, Innovation Competition, and Takeovers

Number of pages: 59 Posted: 28 Jul 2016 Last Revised: 18 Jul 2017
Yuan Ze University - College of Management, University of Hong Kong, Loyola Marymount University - Department of Finance and Computer Information Systems and National Taiwan University - Department of Finance
Downloads 0 (308,793)

Abstract:

Mergers and acquisitions, R&D; innovation, patents, R&D 100 Award

35.

Corporate Philanthropy and Innovation: The Case of the Pharmaceutical Industry

Journal of Applied Corporate Finance, Vol. 28, Issue 2, pp. 80-86, 2016
Posted: 12 Jul 2016
Frederick L. Bereskin and Po-Hsuan Hsu
University of Delaware and University of Hong Kong
Downloads 0 (565,950)
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Abstract:

36.

General Purpose Technologies and International Stock Returns

Kelley School of Business Research Paper No. 16-53
Number of pages: 60 Posted: 01 Jul 2016 Last Revised: 26 Apr 2017
Po-Hsuan Hsu and Wei Yang
University of Hong Kong and Indiana University - Kelley School of Business - Department of Finance
Downloads 0 (359,311)

Abstract:

General purpose technologies, international asset pricing, innovation, financial market integration, technology spillovers

37.

General Purpose Technologies and International Stock Returns

Kelley School of Business Research Paper No. 16-53
Number of pages: 54 Posted: 01 Jul 2016
Po-Hsuan Hsu and Wei Yang
University of Hong Kong and Indiana University - Kelley School of Business - Department of Finance
Downloads 0 (515,888)

Abstract:

General purpose technologies, international asset pricing, innovation, financial market integration, technology spillovers

38.

Technical Trading: Is it Still Beating the Foreign Exchange Market?

Journal of International Economics, Forthcoming
Number of pages: 54 Posted: 18 Apr 2016
Po-Hsuan Hsu, Mark P. Taylor and Zigan Wang
University of Hong Kong, Washington University in St. Louis - John M. Olin Business School and The University of Hong Kong - School of Economics and Finance
Downloads 0 (26,247)

Abstract:

Foreign exchange, technical analysis, trading rules, data-snooping bias

39.

The New Lyrics of the Old Folks: The Role of Family Ownership in Corporate Innovation

CEPR Discussion Paper No. DP10445
Number of pages: 72 Posted: 02 Mar 2015
University of Hong Kong, Singapore Management University - School of Accountancy, INSEAD - Finance and Tsinghua University - PBC School of Finance
Downloads 0 (565,950)
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Abstract:

Family firms, innovation, intangible investment

40.

The Use of Bayes Factors to Compare Interest Rate Term Structure Models

Quantitative Finance, 2013, vol. 13, no. 3, 369-381.
Posted: 08 Oct 2014
Sacred Heart University, University of Connecticut - Department of Finance and University of Hong Kong

Abstract:

Markov chain Monte Carlo; Marginal likelihood; Bond price

41.

The Real Effects of Real Earnings Management: Evidence from Innovation

Rotman School of Management Working Paper No. 2459693
Posted: 28 Jun 2014 Last Revised: 10 Oct 2016
University of Delaware, University of Hong Kong and University of Toronto - Rotman School of Management

Abstract:

Earnings management, real activity manipulation, patents, innovation, R&D