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吳震星副教授

吳震星副教授 / Zhen-Xing Wu

職稱: 副教授

現職: 資產管理所副教授

信箱: zxwu@cgu.edu.tw

電話: (03)211-8800 分機 2635

學歷: 國立中央大學財務金融學系博士

專長領域: 市場微觀結構、公司理財、資產定價、國際金融、程式交易、實驗經濟學

經歷

  • 長庚大學資產管理研究所 副教授(2026/08 迄今)
  • 中南財經政法大學金融系 副教授(2021/08–2026/07)
  • 中南財經政法大學金融系 講師(2018/08–2021/07)
  • St. John’s University 訪問學者(2019/07–2019/09)
  • 國立中央大學財務金融學系 博士後(2017/10–2018/07)
  • George Mason University 訪問博士(2015/07–2016/04)

教學領域

大學部

  • 國際金融
  • 職業道德倫理(CFA 考試科目)
  • 公司金融
  • 財務計量
  • 國際金融管理
  • 行為金融

研究生

  • International Finance
  • 資產定價
  • 中級公司金融
  • 投資銀行
  • 計量經濟學

博士生

  • Advanced Empirical Corporate Finance
  • Classical Literature
  • Classic Literature on Financial Institutions and Markets

榮譽獎項

  1. 2021, 台灣財務學會年會 富邦論文獎
  2. Faculty Advisor, 2020. CFA Institute Research Challenge – China South Sub-region, guiding the team to win Best Team Award and Best Report Award.
  3. 2017, 台灣財務學會年會 財務金融學刊最佳論文獎
  4. 2016, 斐陶斐學會會員
  5. 2015, 國科會千里馬計畫
  6. 2015, AFA Doctoral Student Travel Grant, American Financial Association, USA.
  7. 2014, 台灣財務學會年會 富邦論文獎
  8. 2010, 斐陶斐學會會員

PUBLISHED PAPERS (*INDICATES CORRESPONDING AUTHOR)

  1. Ma, Y., Rhee, S.G., Huang, G.-Y., & Wu, Z.-X.* (2026). Facilitator or threat? The role of liquidity in insider information exploitation. Journal of International Money and Finance, 167, 103594. (SSCI, NSTC Finance Journal Rank A)
  2. Zhu, H., Pan, H., Wu, Z.-X.*, & Huang, G.-Y. (2025). Green factory certification, information asymmetry, and stock liquidity. Finance Research Letters, 107816. (SSCI, NSTC Finance Journal Rank A-)
  3. Ma, X., Liang, L., Wu, Z.-X., Cao, Z., You, Y., & Xu, C. (2025). The relationship between air quality and financial risk aversion: A view of heterogeneous response to air pollution. The Developing Economies, 63(2), 183–206.
  4. Menkveld, A. J.*, et al. (2024). Non-standard errors. Journal of Finance, 78, 101517. (SSCI, NSTC Finance Journal Rank A+)
  5. Chao, C. H., Chang, T. Y., Chen, Z. X., & Wu, Z.-X.* (2024). Determinants of disposition effect in the real estate market: Evidence from Taiwan. Pacific-Basin Finance Journal, 87, 102503. (SSCI, NSTC Finance Journal Rank A Tier 2)
  6. Wu, Z.-X., Gau, Y.-F., & Chen, Y.-L. (2023). Price discovery and triangular arbitrage in currency markets. Journal of International Money and Finance, 137, 102912. (SSCI, NSTC Finance Journal Rank A Tier 1)
  7. Huang, G.-Y., Shen, C.-H.*, & Wu, Z.-X. (2023). Firm-level political risk and debt choice. Journal of Corporate Finance, 78, 102332. (SSCI, NSTC Finance Journal Rank A Tier 1)
  8. Wu, Z.-X., & Gau, Y.-F.* (2022). Informativeness of trades around macroeconomic announcements in the foreign exchange market. Journal of International Financial Markets, Institutions and Money, 78, 101533. (SSCI, NSTC Finance Journal Rank A-)
  9. Huang, G.-Y., Gau, Y.-F., & Wu, Z.-X.* (2021). Price discovery in fiat currency and cryptocurrency markets. Finance Research Letters, 102615. (SSCI, NSTC Finance Journal Rank A-)
  10. Chen, T.-Y., Chao, C.-H., & Wu, Z.-X.* (2021). Does the turnover effect matter in emerging markets? Evidence from China. Pacific-Basin Finance Journal, 67, 101551. (SSCI, NSTC Finance Journal Rank A Tier 2)
  11. Chen, T.-Y., Huang, G.-Y., & Wu, Z.-X.* (2021). Overreaction-based momentum in the REIT market. International Review of Finance, 1–19. (SSCI, NSTC Finance Journal Rank B+)
  12. Wu, Z.-X.*, Hong, Z.-W., & Gau, Y.-F. (2020). The effect of algorithmic trading on intraday price efficiency: Evidence from the foreign exchange market. Journal of Financial Studies, 28, 49–90. (TSSCI)
  13. Wu, Z.-X., & Chen, T.-Y.* (2019). Information asymmetry, market state, and implementation risk. The North American Journal of Economics and Finance, 59, 101007. (SSCI, NSTC Finance Journal Rank B+)
  14. Ma, X., & Wu, Z.-X.* (2019). Do sacred texts glorifying Allah facilitate Muslims’ trust and trustworthiness? Evidence from field experiments in China. Journal of Behavioral and Experimental Economics, 83, 101466. (SSCI)
  15. Gau, Y.-F., & Wu, Z.-X. (2017). Macroeconomic announcement and price discovery in the foreign exchange market. Journal of International Money and Finance, 79, 232–254. (SSCI, NSTC Finance Journal Rank A Tier 1)
  16. Gau, Y.-F., & Wu, Z.-X.* (2014). Order choices under information asymmetry in foreign exchange markets. Journal of International Financial Markets, Institutions & Money, 30, 106–118. (SSCI, NSTC Finance Journal Rank A-)