Updated on 2025/06/10

写真a

 
YEH, TSUNG-MING
 
Organization
Faculty of Economics Department of Economic Engineering Professor
School of Economics Department of Economic Engineering(Concurrent)
Graduate School of Economics Department of Economic Engineering(Concurrent)
Title
Professor
External link

Research Areas

  • Humanities & Social Sciences / Money and finance

  • Humanities & Social Sciences / Business administration

Degree

  • PhD (Management)

Research Interests・Research Keywords

  • Research theme: Financial literacy

    Keyword: Financial literacy

    Research period: 2024

  • Research theme: 企業統治

    Keyword: 企業統治

    Research period: 2024

  • Research theme: M&A

    Keyword: M&A

    Research period: 2024

  • Research theme: ESG and Firm Value

    Keyword: ESG

    Research period: 2023.4

  • Research theme: Analysis of financial education, financial literacy and decision-making

    Keyword: financial literacy, financial education

    Research period: 2016.9 - 2021.3

  • Research theme: Economic analysis of corporate governance, restructuring and M&A

    Keyword: corporate governance, M&A, anti-takeover defense, shareholder proposal, restructuring

    Research period: 1997.4 - 2018.3

Awards

  • 台湾財務金融学会 研究論文賞

    2019.5   2019 International Conference of Taiwan Finance Association (台湾財務金融学会)  

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    論文"How financial literacy can contribute to retirement savings: an empirical research"

  • 国際ビジネス研究学会学会賞

    2013.11   国際ビジネス研究学会  

  • 日本経営財務究学会学会賞

    2013.10   日本経営財務究学会  

  • 経営行動科学学会・学会賞(研究奨励賞)

    2008.11   経営行動科学学会  

Papers

  • Financial Teaching by Parents and Financial Education at School or Workplace: Evidence from Japan Reviewed International journal

    @Tsung-ming Yeh

    Financial Services Review   2023.6

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    Language:English   Publishing type:Research paper (scientific journal)  

    This study investigates the differential roles of financial socialization within the family versus financial education at school or the workplace, using data from a representative sample of 25,000 Japanese individuals. The results indicate that different platforms may play different roles. While the adults’ short-term financial behaviors, which involve regular feedback and immediate consequences for deviation, are primarily related to their parent’s financial advising in childhood, long-term financial behaviors, which require complex planning and decision-making, are primarily related to financial education received at school or the workplace. The results also suggest the benefits of accumulating financial experiences and education in different stages.

  • Accounting Comparability and Earnings Management Strategies: Evidence from Southeast Asian Countries Reviewed International journal

    #Yeni Januarsi, Tsung-Ming Yeh

    Emerging Markets Finance and Trade   2022.5

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    Language:English   Publishing type:Research paper (scientific journal)  

    We examined the effect of accounting comparability on the use of accrual
    earnings management (AEM) and real earnings management (REM) among
    five members of the Association of Southeast Asian Nations. Analyzing 1,195
    listed non-financial companies from 2014 to 2017, we find that more comparable
    accounting information between firms induces managers to engage
    in more REM and less AEM, supporting the substitute hypothesis. The results
    remain similar under the robustness tests. Our results suggest that reporting
    and legal environment factors may affect cost-benefit considerations versus
    incentives for using earnings management strategies.

    DOI: 10.1080/1540496X.2022.2075258

    Other Link: https://doi.org/10.1080/1540496X.2022.2075258

  • Confidence in Financial Literacy, Stock Market Participation, and Retirement Planning Reviewed International journal

    Tsung-ming Yeh,@Yue Ling

    Journal of Family and Economic Issues   2021.5

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    Language:English   Publishing type:Research paper (scientific journal)  

    This study investigated whether overconfidence with respect to one’s financial literacy affects stock market participation and retirement preparation and if so, how. Using an effective sample of 12,653 Japanese individuals, the empirical results confirm that financial literacy plays a
    positive role, while confidence in financial literacy also matters. For people with relatively low financial literacy, overconfidence can encourage taking financial action, while for people with high financial literacy, underconfidence can deter action. Confidence could have an effect equal
    to or greater than financial literacy. Moreover, it was also found that the positive effect of overconfidence is weaker for women than for men.

    DOI: https://doi.org/10.1007/s10834-021-09769-1

    Repository Public URL: http://hdl.handle.net/2324/4798367

  • An empirical study on how financial literacy contributes to preparation for retirement Reviewed International journal

    Tsung-ming Yeh

    Journal of Pension Economics and Finance   2020.8

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    Language:English  

    This study provides empirical evidence on the mechanisms through which financial literacy may be associated with saving for retirement, in the three phases of the decision-making process—information perception, information search and evaluation, and decision-making and implementation. The results indicate that financial literacy has significantly positive effects on one’s awareness of post-retirement financial needs, comparing alternatives when purchasing financial products, displaying fewer present-time, and planning for and setting aside funds for retirement. Financial literacy not only directly contributes to planning for future, but also indirectly via a reduction in behavioral biases.

    DOI: 10.1017/S1474747220000281

    Repository Public URL: http://hdl.handle.net/2324/4485345

  • Determinants and consequences of shareholder proposals: The cases of board election, charter amendment, and profit disposal Reviewed

    Tsung-ming Yeh

    JOURNAL OF CORPORATE FINANCE   45   245 - 261   2017.8

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    Language:English   Publishing type:Research paper (scientific journal)  

    By investigating shareholder proposals in Japan during 2004-2013, this study aims to address the question whether exercising legally powerful shareholder rights has an impact on the management. Compared with their counterparts in the United States, Japanese shareholders are entitled to more statutory rights, including binding shareholder resolutions on issues relating to board election, charter amendment, and profit disposal. The empirical tests reveal several important results. First, different types of shareholder proposals are triggered by varying firm characteristics. Second, resolutions on the board election and charter amendments relating to corporate governance receive higher votes than those for profit disposal. Voting outcome is also positively associated with foreign shareholding, duration of the general meeting, and the firm's history of receiving proposals. Moreover, resolutions initiated by large shareholders have positive impacts on the target firms, which reported positive announcement-associated abnormal returns. Improvements in the operating performance are observed for firms passing board election resolutions and firms receiving charter amendment proposals from large shareholders. The management also increased share buyback and dividend payout in response to demands by large shareholders, although there was no significant change in the post-resolution operating performance. Overall, the results indicate that statutorily powerful shareholder rights, when exercised by large shareholders, can have a positive impact. (C) 2017 Elsevier B.V. All rights reserved.

    DOI: 10.1016/j.jcorpfin.2017.05.004

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Books

  • 経営行動科学ハンドブック

    葉聰明

    2011.10 

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    Language:Japanese  

  • 日本企業の合併買収と企業統治

    葉聰明(Role:Sole author)

    白桃書房  2011.10 

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    Language:Japanese   Book type:Scholarly book

    M&A and Corporate Governance in Japan

  • 台湾のコーポレートガバナンスと企業価値

    葉聰明(Role:Sole author)

    白桃書房  2008.8 

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    Language:Japanese   Book type:Scholarly book

    Corporate Governance and Firm Value in Taiwan

Presentations

  • How financial literacy can contribute to retirement savings: an empirical research International conference

    Tsung-ming Yeh

    2019 International Conference of Taiwan Finance Association  2019.5 

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    Event date: 2019.5

    Language:English   Presentation type:Oral presentation (general)  

    Venue:National Taiwan University   Country:Taiwan, Province of China  

    This study aims to provide empirical evidence on the mechanisms through which financial literacy may be associated with the behaviors of saving for retirement, in the three phases of decision-making process – information perception, information search and evaluation, and decision-making and implementation. Empirical results indicate that, after accounting for various control variables, financial literacy has significantly positive effects on one’s awareness of post-retirement financial needs, comparing with alternative products when making significant financial decisions, displaying less behavioral biases, planning for and successfully securing post-retirement funds, and experiencing fewer financial disputes. The results can provide explanations for the findings of previous studies as to why people with higher financial literacy accumulate greater net wealth, make wiser financial decisions, or are more likely to invest in the stock market.

  • Digital financial literacy and financial behaviors: Evidence from Japan

    Financial Literacy Workshop  

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    Event date: 2025.3

    Venue:京都産業大学  

  • The Impact of ESG Practice on Firm Value and the Moderating Effect of Financial Constraints International conference

    2024 International Conference of Taiwan Finance Association  2024.6 

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    Event date: 2024.6

    Country:Taiwan, Province of China  

  • The Impact of ESG Practice on Firm Value: Evidence from China International conference

    @Tsung-ming Yeh

    Asia Sustainability andESG Summit  2023.8 

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    Event date: 2023.8

    Language:English   Presentation type:Oral presentation (general)  

    Venue:BANGKOK   Country:Thailand  

  • Financial Literacy, Financial Education, and Financial Well-being during the COVID-19 Pandemic: Evidence from Japan” International conference

    @Tsung-ming Yeh

    The 14th Biennial Conference of Asian Consumer and Family Economics Association  2023.7 

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    Event date: 2023.7

    Language:English   Presentation type:Oral presentation (general)  

    Venue:日本北九州市   Country:Japan  

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MISC

  • 「台湾と日本のコーポレートガバナンスへの考察」

    葉聰明

    交流   2013.2

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    Language:Japanese  

  • 台湾での秋田PRの現状と秋田の今後の課題に関する調査

    葉聰明

    『あきた経済』   2007.3

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    Language:Japanese  

Works

  • ひらめき☆ときめきサイエンス~ようこそ大学の研究室へ~KAKENHI(研究成果の社会還元・普及事業)『株式投資で社会貢献をしよう』

    2010

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Professional Memberships

  • Japanese Association of Administrative Science

    - 2025.5

  • Nippon Finance Association

    - 2025.5

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  • Japan Finance Association

  • Japan Academy of international Business Studies

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  • Taiwan Finance Association

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Committee Memberships

  • 評議員   Councilor   Domestic

    2019.10 - 2022.9   

  • 経営行動科学学会   理論方法研究部会長  

    2016.4 - Present   

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    Committee type:Academic society

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  • 理論・方法研究部会長   理論・方法研究部会長   Domestic

    2016.4 - 2020.3   

Academic Activities

  • Screening of academic papers

    Role(s): Peer review

    2024

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    Type:Peer review 

  • Screening of academic papers

    Role(s): Peer review

    2023

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    Type:Peer review 

    Number of peer-reviewed articles in foreign language journals:1

    Number of peer-reviewed articles in Japanese journals:1

  • 日本経営財務

    2022.12 - 2023.11

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    Type:Academic society, research group, etc. 

  • Program Co-chair International contribution

    JFA-PBFJ Special Issue Conference  ( ONLINE Japan ) 2022.3

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    Type:Competition, symposium, etc. 

  • Screening of academic papers

    Role(s): Peer review

    2021

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    Type:Peer review 

    Number of peer-reviewed articles in foreign language journals:4

    Proceedings of International Conference Number of peer-reviewed papers:10

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Research Projects

  • クロスボーダーM&Aと文化的要因~文化的距離,時間選好,リスク選好の影響について

    Grant number:22K01555  2022 - 2024

    Japan Society for the Promotion of Science  Grants-in-Aid for Scientific Research  Grant-in-Aid for Scientific Research (C)

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    Authorship:Principal investigator  Grant type:Scientific research funding

  • 財務意思決定における金融リテラシーの役割とメカニズムへの解明

    2021

    トランスコスモス財団・2021年度 研究助成

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    Authorship:Principal investigator  Grant type:Contract research

  • トランスコスモス財団・2021年度研究助成/財務意思決定における金融リテラシーの役割とメカニズムへの解明

    2021

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    Grant type:Donation

  • コーポレートガバナンスと経験:新しいデータ構築と実証的解明への挑戦

    Grant number:19H01507  2019 - 2022

    Japan Society for the Promotion of Science  Grants-in-Aid for Scientific Research  Grant-in-Aid for Scientific Research (B)

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    Authorship:Coinvestigator(s)  Grant type:Scientific research funding

  • クロスボーダー投資の効果における文化・制度・心理距離の影響に関する実証分析

    2019 - 2020

    村⽥学術振興財団研究助成

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    Authorship:Principal investigator  Grant type:Contract research

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Class subject

  • (IP)Japanese Economy

    2024.12 - 2025.2   Winter quarter

  • (IP)Topics in Economics2 (Corporate Governance) (FBE)

    2024.10 - 2025.3   Second semester

  • (IP)Finance (FBE)

    2024.10 - 2025.3   Second semester

  • 企業経済分析特研Ⅱ

    2024.10 - 2025.3   Second semester

  • ファイナンス

    2024.10 - 2025.3   Second semester

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FD Participation

  • 2023.11   Role:Participation   Title:九州大学の研究データ管理サービス

    Organizer:[Undergraduate school/graduate school/graduate faculty]

  • 2023.2   Role:Participation   Title:教育の機会均等と合理的配慮の「適当性」

    Organizer:[Undergraduate school/graduate school/graduate faculty]

  • 2022.10   Role:Participation   Title:経済学研究院FD研修会

    Organizer:[Undergraduate school/graduate school/graduate faculty]

  • 2021.9   Role:Participation   Title:経済学研究院FD研修会

    Organizer:[Undergraduate school/graduate school/graduate faculty]

  • 2021.7   Role:Participation   Title:COILとは

    Organizer:University-wide

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Visiting, concurrent, or part-time lecturers at other universities, institutions, etc.

  • 2024  国際教養大学  Classification:Affiliate faculty  Domestic/International Classification:Japan 

    Semester, Day Time or Duration:前期

  • 2023  国際教養大学  Classification:Affiliate faculty  Domestic/International Classification:Japan 

    Semester, Day Time or Duration:後期

  • 2021  北九州市立大学・経済学部  Classification:Part-time lecturer  Domestic/International Classification:Japan 

    Semester, Day Time or Duration:2021年度後期火曜日4限

Participation in international educational events, etc.

  • 2023.12

    九州大学

    令和5 年度第2 回九州大学大学院オンライン留学フェア

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    Venue:Zoom Webinar もしくはMeeting

  • 2022.10

    九州大学

    令和4 年度第2 回九州大学大学院オンライン留学フェア

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    Venue:Zoom Webinar もしくはMeeting

  • 2019.11

    QS(Quacquarelli Symonds) Kyushu University

    2019 QS APPLE (ASIA PACIFIC PROFESSIONAL LEADERS IN EDUCATION ) Conference and Exhibition

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    Venue:Japan, Fukuoka

  • 2016.3

    Asia Pacific Association for International Education (APAIE)

    APAIE (Asia Pacific Association for International Education (APAIE) 2017 CONFERENCE & EXHIBITION

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    Venue:Australia, Melbourne

  • 2014.11

    QS

    The 10th QS APPLE (ASIA PACIFIC PROFESSIONAL LEADERS IN EDUCATION ) Conference and Exhibition

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    Venue:Taipei, Taiwan

Other educational activity and Special note

  • 2023  Class Teacher  学部

  • 2020  Class Teacher  学部

  • 2019  Class Teacher  学部

Outline of Social Contribution and International Cooperation activities

  • 2019 National Taiwan Normal University (NTNU)-Kyushu University (Kyushu U) Joint Forum
    on Facilitating Interdisciplinary Research and Education, May 27~May 28, 2019.

    2019 Visiting University of Illinois Urbana-Champaign for facilitating joint research and education activities

    2019 March Visiting Rhode Island  for facilitating joint research and education activities

Travel Abroad

  • 2019.5

    Staying countory name 1:United States   Staying institution name 1:University of Illinois Urbana-Champaign

  • 2019.5

    Staying countory name 1:Taiwan, Province of China   Staying institution name 1:台湾師範大学

  • 2019.3

    Staying countory name 1:United States   Staying institution name 1:Rhode Island University