Carson College of Business Faculty Directory

Carson College Directory

Ming-Hsiang Chen

Professor
Hospitality Business Management

Contact

Office: TODD 337J

Education

  • PhD (Kansas State University)
  • MBA (KSU)

Ming-Hsiang Chen

Dr. Chen is a professor of Hospitality Business Management and was a professor of finance at the National Chung Cheng University in Taiwan before joining the School of Hospitality Business Management at WSU in 2015. Dr. Chen's current areas of teaching are hospitality operational analysis, financial management, revenue management, and travel and tourism. Dr. Chen's areas of research are hospitality finance, corporate philanthropy, and tourism economics. He has published over 65 articles in leading hospitality/tourism and operations journals, such as Annals of Tourism Research, Tourism Management, International Journal of Hospitality Management, Journal of Hospitality and Tourism Research, and European Journal of Operational Research. Dr. Chen serves on editorial boards for nine journals in the fields of hospitality and tourism, finance, and management, and currently serves as one of the Coordinating Editors for International Journal of Hospitality Management. He previously served as the Panel Committee Co-Chair for the Tourism Research Area, appointed by Ministry of Science and Technology (formerly known as National Science Council) of Taiwan in 2012 and 2013. He received the W. Bradford Wiley Memorial Best Research Paper of the Year Award at the Annual ICHRIE (International Council on Hotel, Restaurant and Institutional Education) Conference in 2009.

Research Interests

corporate giving and firm performance
corporate philanthropy
corporate social responsibility
hospitality finance
monetary policy and stock return
tourism economics/tourism market analysis

Teaching Interests

financial management
financial markets and institutions
hospitality operational analysis
investments
macroeconomics
money and banking
revenue management
society and business
tourism economics
tourism market analysis
travel

Journal Articles

  • J. Wang, Ming-Hsiang Chen, J.Y. Fang, L. Tian Does board size matter for Taiwanese hotel performance? Agency theory or resource dependence theory Cornell Hospitality Quarterly, 2018
  • N Su, H Min, M Chen, N Swanger Cultural characteristics and tourist shopping spending Journal of Hospitality & Tourism Research, 2018
  • K.L. Wang, C.P. Lin, M. H. Chen, E. Gillard, The impact of tourism firm’s philanthropy decision on its business objective Tourism Economics, 2018
  • Ming-Hsiang Chen, H. Tsai, W.Q. Lv The effects of institutional holdings and state ownership on hotel firm performance in China , 2018
  • X. Chen, H. Jing, Ming-Hsiang Chen What drives internet industrial competitiveness in China? The evolvement of cultivation factors index Emerging Markets Finance and Trade, 2018
  • Evelina Gillard, Ming-Hsiang Chen, W.Q Lv Procedural corruption in the North American hotel industry International Journal of Hospitality Management, 2018
  • Ming-Hsiang Chen, C. Zhao, K.L. Wang, W.Q. Lv The momentum effect on Taiwanese hotel stocks International Journal of Hospitality Management, 2018
  • Ming-Hsiang Chen, S. Chen, H.L. Wei Financial Performance of Chinese Airlines: Does State Ownership Matter? , 2018
  • M. H. Chen, C. P. Lin, L. Tian, Y. Yang A theoretical link between corporate giving and hospitality firm performance International Journal of Hospitality Management, 2017
  • Ming-Hsiang Chen A quantile regression analysis of tourism market growth effect on the hotel industry International Journal of Hospitality Management, 2016
  • Chieng-Pang Lin, Ming-Hsiang Chen, Jie Wang, L Tian Corporate giving in Taiwan: Agency cost theory vs. value enhancement theory Asia Pacific Business Review, 2016
  • Ming-Hsiang Chen, Z. Ma, A. Ampountolas The effects of students’ perceptions and learning approaches on the quality of hospitality financial management education Journal of Hospitality & Tourism Education / Council on Hotel, Restaurant and Institutional Education, 2016
  • Ming-Hsiang Chen Cyclical effects of advertising on hotel sales, risk and return International Journal of Hospitality Management, 2015
  • M Chen, C Lin, B Chen Drivers of Taiwan's tourism market cycle Journal of Travel & Tourism Marketing, 2015
  • Ming-Hsiang Chen Driving factors of the hospitality industry cycle Current Issues in Tourism, 2015
  • M Chen, C Lin, J Yuan Examining the Korean inbound tourism market cycle: A Markov regime-switching model Tourism Analysis, 2015
  • M Chen, C Hsu, C Fang Exploring the determinants of attendance in Chinese Professional Baseball League Journal of Information and Optimization Sciences, 2015
  • M Chen, C Lin The impact of corporate charitable giving on hospitality firm performance: Doing well by doing good? International Journal of Hospitality Management, 2015
  • M Chen, C Lin Understanding corporate philanthropy in the hospitality industry International Journal of Hospitality Management, 2015
  • M Chen Understanding the impact of changes in consumer confidence on hotel stock performance International Journal of Hospitality Management, 2015
  • Ming-Hsiang Chen Asymmetric effects of monetary policy changes on hospitality stock performance Tourism Economics, 2014
  • Ming-Hsiang Chen Cyclical variation in the effect of federal funds target rate surprises on hospitality index returns Tourism Economics, 2014
  • Ming-Hsiang Chen, Kun Wu, Hung-Jen Su Research note: A study of the business cycle of the hotel industry in Taiwan Tourism Economics, 2014
  • Ming-Hsiang Chen Asymmetric response of hospitality stock prices to Fed policy actions International Journal of Hospitality Management, 2013
  • Ming-Hsiang Chen Determinants of the Taiwanese tourist hotel industry cycle Tourism Management, 2013
  • Ming-Hsiang Chen Research note: The impact of state ownership on hotel firms' characteristics and financial performance in China Tourism Economics, 2013
  • Ming-Hsiang Chen Risk determinants of China's hotel industry Tourism Economics, 2013
  • Ming-Hsiang Chen The impact of demand and supply shocks on US hospitality index returns Tourism Economics, 2013
  • Ming-Hsiang Chen Understanding the recent US tourism industry cycle Annals of Tourism Research, 2013
  • Ming-Hsiang Chen A Timing Strategy for Investments in U.S. Hospitality Stocks Journal of Hospitality & Tourism Research, 2012
  • M Chen, Y Chen Identifying optimal inbound market mixes of the US tourism industry International Journal a/ Tourism Sciences, 2012
  • M Chen, J Agrusa, J Krumwiede, H Lu Macroeconomic influences on Japanese hotel stock returns Journal of Hospitality Marketing and Management, 2012
  • Ming-Hsiang Chen State dependence in the influence of monetary policy regime shifts on hospitality index returns International Journal of Hospitality Management, 2012
  • Ming-Hsiang Chen The impact of insider managerial ownership on corporate performance of Taiwanese tourist hotels International Journal of Hospitality Management, 2012
  • Ming-Hsiang Chen The reaction of U.S. hospitality stock prices to Fed policy announcements International Journal of Hospitality Management, 2012
  • S Chen, M Chen Timing the Taiwan Stock Market: Simple Rotation vs. Sector Rotation. Journal of American Academy of Business, 2012
  • Ming-Hsiang Chen Discovering optimal tourist market mixes Journal of Travel Research / the Travel Research Association, 2011
  • Ming-Hsiang Chen The response of hotel performance to international tourism development and crisis events International Journal of Hospitality Management, 2011
  • Ming-Hsiang Chen, Chao-Ning Liao, Shi-Shen Huang Effects of shifts in monetary policy on hospitality stock performance Service Industries Journal, 2010
  • M Chen Federal Reserve monetary policy and US hospitality stock returns Tourism Economics, 2010
  • Ming-Hsiang Chen, Woo Kim Hotel valuation in China: A case study of a state-owned hotel Cornell Hospitality Quarterly, 2010
  • Stéphane Yen, Ming-Hsiang Chen Open interest, volume, and volatility: Evidence from Taiwan futures markets Journal of Economics and Finance, 2010
  • Ming-Hsiang Chen The economy, tourism growth and corporate performance in the Taiwanese hotel industry Tourism Management, 2010
  • Su-Jane Chen, Ming-Hsiang Chen The underpricing of initial public offerings in the Chinese tourism industry Tourism Economics, 2010
  • Ming-Hsiang Chen, Hyun Kim Tourism expansion and corporate earnings in the tourism industry Service Industries Journal, 2010
  • Chao-Ning Liao, Hayri Önal, Ming-Hsiang Chen Average shadow price and equilibrium price: A case study of tradable pollution permit markets European Journal of Operational Research, 2009
  • Su-Jane Chen, Ming-Hsiang Chen Discount rate changes and market timing: A multinational study Annals of Economics and Finance, 2009
  • Hyun Kim, Ming-Hsiang Chen, Hung-Jen Su Research note: The impact of Korean TV dramas on Taiwanese tourism demand for Korea Tourism Economics, 2009
  • Woo Kim, Jun Zhong, Ming-Hsiang Chen, Ersem Karadag Risk-adjusted performance of three restaurant segments in the USA Tourism Economics, 2009
  • Ming-Hsiang Chen, Woo Kim, Chao-Ning Liao The impact of government weekend policy changes and foreign institutional holdings on weekly effect of tourism stock performance Journal of Hospitality & Tourism Research, 2009
  • SooCheong (Shawn) Jang, Ming-Hsiang Chen Financial portfolio approach to optimal tourist market mixes Tourism Management, 2008
  • SooCheong (Shawn) Jang, Chun-Hung (Hugo) Tang, Ming-Hsiang Chen Financing behaviors of hotel companies International Journal of Hospitality Management, 2008
  • Ming-Hsiang Chen, Su-Jane Chen, Meng-Feng Yen, You-Chi Shen Lottery premium in the Taiwan stock market Asia Pacific Management Review, 2008
  • Chao-Ning Liao, Ming-Hsiang Chen Subsidy policy for the retirement of aquaculture on the southwest coast of Taiwan: a case study of Budai township, Chia-Yi county Environment and Development Economics, 2008
  • Ming-Hsiang Chen, Su-Jane Chen, Chao-Ning Liao, Chun-Ming Lin Taiwanese mutual fund performance under different Central Bank of China monetary policy environments Emerging Markets Finance and Trade, 2008
  • Ming-Hsiang Chen, Woo Kim, Ching-Yi Chen An investigation of the mean reversion of hospitality stock prices towards their fundamental values: The case of Taiwan International Journal of Hospitality Management, 2007
  • M Chen, S Chen, Y Kuo Asset returns and monetary policy in the emerging Taiwan financial markets Investment Analysis and Portfolio Management, 2007
  • Ming-Hsiang Chen Hotel stock performance and monetary conditions International Journal of Hospitality Management, 2007
  • Ming-Hsiang Chen Interactions between business conditions and financial performance of tourism firms: Evidence from China and Taiwan Tourism Management, 2007
  • Ming-Hsiang Chen Macro and non-macro explanatory factors of Chinese hotel stock returns International Journal of Hospitality Management, 2007
  • M Chen, S Chen, Y Kuo The critical role of monetary policy in the link between business conditions and security returns in Taiwan Asia Pacific Management Review, 2007
  • Ming-Hsiang Chen, SooCheong (Shawn) Jang, Woo Kim The impact of the SARS outbreak on Taiwanese hotel stock performance: An event-study approach International Journal of Hospitality Management, 2007
  • M Chen, W Kim The long-run equilibrium relationship between economic activity and hospitality stock prices Journal of Hospitality Financial Management, 2006
  • Hyun Kim, Ming-Hsiang Chen, SooCheong (Shawn) Jang Tourism expansion and economic development: The case of Taiwan Tourism Management, 2006
  • M Chen Examining fundamentals and fads in the Taiwan stock market Journal of Risk Management, 2005
  • M Chen Japanese and Korean stock market reaction to the 2002 World Cup Pan-Pacific Management Review, 2005
  • M Chen Stock returns and changes in the business cycle Asia Pacific Management Review, 2005
  • Ming-Hsiang Chen, Woo Kim, Hyun Kim The impact of macroeconomic and non-macroeconomic forces on hotel stock returns International Journal of Hospitality Management, 2005
  • Dogan Gursoy, Ming-Hsiang Chen, Hyun Kim The U.S. airlines relative positioning based on attributes of service quality Tourism Management, 2005
  • Ming-Hsiang Chen, Prasad Bidarkota Consumption equilibrium asset pricing in two Asian emerging markets Journal of Asian Economics, 2004
  • Chwen Sheu, Ming-Hsiang Chen, Stacy Kovar Integrating ABC and TOC for better manufacturing decision making Integrated Manufacturing Systems, 2003
  • Ming-Hsiang Chen Risk and return: CAPM and CCAPM Quarterly Review of Economics and Finance, 2003

    Books/Book Chapters

    • Book Chapter M Chen Causal relations among tourism development, exchange rate, exports, and economic activity

      Presentations

      • Ming-Hsiang Chen Strategic Decision on Corporate Giving
      • N. Su, H. Min, Ming-Hsiang Chen Cultural characteristics and tourism shopping expenditure: The impact of business cycle
      • Z. Ma, A. Ampountolas, Ming-Hsiang Chen Perceptions, learning approaches and the quality of hospitality financial management education
      • Ming-Hsiang Chen, C.P. Lin Tourism expansion effect on hotel stock performance: A quantile regression approach
      • Ming-Hsiang Chen How I develop my research studies in hospitality finance and tourism economics
      • Ming-Hsiang Chen, C.P. Lin, H.J. Kim An analysis of the regime-switching behavior of hotel share prices
      • Ming-Hsiang Chen, H.J. Kim, C.P. Lin Understanding the Korean tourism market cycle
      • Ming-Hsiang Chen Determinants of corporate philanthropy in the tourism industry
      • M. Cho, W. Kim, Ming-Hsiang Chen Examining the relationship between price gap and hotel performance within and across online/offline channels
      • Ming-Hsiang Chen My own research areas in hospitality finance and tourism economics
      • Ming-Hsiang Chen Asymmetric response of hospitality stock prices to Fed policy actions
      • Ming-Hsiang Chen, K.L. Wu, B.T. Chen State Ownership and the Chinese Hotel Firms' Characteristics and Performance
      • Ming-Hsiang Chen Asymmetric impact of monetary policy changes on US hospitality index returns
      • Ming-Hsiang Chen How to write a research paper (from my own experience)
      • Ming-Hsiang Chen How I develop my own research studies in hospitality finance and tourism economics
      • Ming-Hsiang Chen The response of hotel performance to the international tourism development and crisis Events.
      • Ming-Hsiang Chen Monetary policy and sector rotation in the Taiwan stock market
      • Ming-Hsiang Chen The reaction of U.S. hospitality stock prices to Fed policy announcements
      • Ming-Hsiang Chen Career planning
      • Ming-Hsiang Chen The economy, tourism growth and corporate performance in the Taiwanese hotel industry.
      • Ming-Hsiang Chen Effects of shifts in monetary policy on hospitality stock performance
      • Ming-Hsiang Chen Current research on sport finance topics
      • Ming-Hsiang Chen Discount rate changes and market timing.
      • Ming-Hsiang Chen Taiwanese mutual fund performance under different CBC monetary policy environments.
      • Ming-Hsiang Chen Examining fundamentals and fads in the Taiwan stock market
      • Ming-Hsiang Chen Anomalies in asset pricing: Evidence from market segmentation
      • Ming-Hsiang Chen Consumption equilibrium asset pricing in emerging markets.

        Conference Proceedings

        • Ming-Hsiang Chen, Chwen Sheu Comparison and integration of theory of constraints and activity-based costing Proceedings - Annual Meeting of the Decision Sciences Institute