• Ph.D., Finance, Georgia Institute of Technology, USA
• MBA, State University of New York at Buffalo, USA
• BA, National Cheng Kung University, Taiwan
Courses
• Derivatives
• International Finance
Honors
2015 - 2016
Research Grant from Research Grants Council, Hong Kong
2013
Best Paper Award in 2013 Asian Finance Association Annual Meeting (Awarded the Sirca Prize of AUD 5,000)
2004, 2006, 2008, 2010
Research Grant from SMU
2003
Best Paper Award in Global Finance & Special Topics, Southern Finance Association, U.S.
2003
Research Grant from BSI Gamma Foundation, Switzerland
2002
Research Grant from Financial Services Exchange, U.S.
2002
Scholarship from Center for International Business and Research, U.S.
2001 - 2003
Scholarship from Fortis/Georgia Tech International Finance Conference, U.S.
2014, 2015
Top 25% Teachers (for the subject of International Financial Management) in the School of Economics and Finance, the University of Hong Kong
2007, 2008, 2009, 2010, 2011, 2012
Dean’s Teaching Honor List for Top 20 Teachers in the School of Business, Singapore Management University
Experience
2017/8 - Present
Professor of Finance, National Taiwan University
2015/7 - 2017/6
Visiting Scholar, Haas School of Business, University of California, Berkeley,
2012/7 - 2017/6
Associate Professor of Finance, University of Hong Kong
2003/7 - 2012/6
Assistant Professor of Finance Singapore Management University
Conference Paper
Heng Geng, Harald Hau, and Sandy Lai, July 2016, Technological Progress and Ownership Structure, presented at the CESifo-Delphi Conference on Innovation: A Patent Advantage, (Munich, Germany).
Heng Geng, Harald Hau, and Sandy Lai, August 2015, Technological Progress and Ownership Structure, present at the Annual Meeting of European Economic Association, (Mannheim, Germany).
Harald Hau and Sandy Lai, January 2014, Asset Allocation and Monetary Policy: Evidence from the Eurozone, invited to present at the Annual Meeting of American Finance Association, (Philadelphia, USA).
Harald Hau and Sandy Lai, August 2013, Asset Allocation and Monetary Policy: Evidence from the Eurozone, presented at the Annual Meeting of European Finance Association, (Cambridge, U.K).
Harald Hau and Sandy Lai, August 2013, Asset Allocation and Monetary Policy: Evidence from the Eurozone, presented at the Annual Meeting of European Economic Association, (Gothenburg, Sweden).
Harald Hau and Sandy Lai, June 2012, The Role of Equity Funds in the Financial Crisis Propagation, presented at the Annual Meeting of Western Finance Association, (Las Vegas, USA).
Harald Hau and Sandy Lai, August 2012, Real Effects of Stock Underpricing, presented at the European Finance Association Annual Meeting, (Copenhagen, Denmark).
Harald Hau and Sandy Lai, July 2011, The Role of Equity Funds in the Financial Crisis Propagation, presented at the European Summer Symposium in Financial Markets, (Gerzensee, Switzerland).
Lilian Ng, Bohui Zhang, Sandy Lai, and Zhe Zhang, October 2010, Do Mutual Funds Trade Differently At Home and Abroad?, presented at the Financial Management Association Annual Meeting.
Lilian Ng, Bohui Zhang, and Sandy Lai, July 2010, Does PIN Affect Asset Prices around the World, presented at the China International Conference in Finance.
Journal Paper
Sandy Lai, Chen Lin, and Xiaorong Ma, April 2022, RegTech Adoption and the Cost of Capital, Management Science, Forthcoming.
Harald Hau and Sandy Lai, January 2017, The Role of Equity Funds in the Financial Crisis Propagation, Review of Finance, Vol. 21, 77-108.
Harald Hau and Sandy Lai, January 2016, Asset Allocation and Monetary Policy: Evidence from the Eurozone, Journal of Financial Economics, Vol. 120, 309–329.
Sandy Lai, Lilian Ng, and Bouhui Zhang, January 2014, Does PIN Affect Equity Prices around the World?, Journal of Financial Economics, Vol. 114, 178–195.
Harald Hau and Sandy Lai, January 2013, Real Effects of Stock Underpricing, Journal of Financial Economics, Vol. 108, 392–408.
Cheol S. Eun, Frans A. de Roon, Sandy Lai, and Zhe Zhang, January 2010, International Diversification with Factor Funds, Management Science, Vol. 56, 1500–1518.
Sandy Lai and Melvyn Teo, January 2008, Home Biased Analysts in Emerging Markets, Journal of Financial and Quantitative Analysis, Vol. 43, 685–716.
Cheol S. Eun, Sandy Lai, and Wei Huang, January 2008, International Diversification with Large- and Small-Cap Stocks, Journal of Financial and Quantitative Analysis, Vol. 43, 489–523.
Chung Tze Chua, Sandy Lai, and Yangru Wu, January 2008, Effective Fair Pricing of International Mutual Funds, Journal of Banking & Finance, Vol. 32, 2307–2324.
Chung Tze Chua, Cheol S. Eun, and Sandy Lai, January 2007, Corporate Valuation around the World: The Effects of Governance, Growth, and Openness, Journal of Banking & Finance, Vol. 31, 35–56.
