劉玉珍教授現(xiàn)任北京大學(xué)金融發(fā)展研究中心主任，北京大學(xué)促進(jìn)兩岸交流基金主任。曾任北京大學(xué)光華管理學(xué)院金融系主任、金融碩士項(xiàng)目主任，臺(tái)灣政治大學(xué)金融系主任。劉教授畢業(yè)于臺(tái)灣中山大學(xué)。

研究領(lǐng)域

行為金融學(xué)

證券市場(chǎng)微結(jié)構(gòu)

家庭金融

投資學(xué)

教育背景

1991臺(tái)灣中山大學(xué)金融學(xué)博士

1988臺(tái)灣中山大學(xué)企業(yè)管理碩士

1985臺(tái)灣政治大學(xué)企業(yè)管理學(xué)士

生平履歷

1991―1996

臺(tái)灣中正大學(xué)金融系副教授

1996―1998

臺(tái)灣中正大學(xué)金融系教授，系主任

1998―2007

臺(tái)灣政治大學(xué)財(cái)務(wù)管理系教授，系主任

2007―

光華管理學(xué)院金融系主任、金融碩士項(xiàng)目主任

曾在國(guó)際主要學(xué)術(shù)期刊如Review?of?Financial?Studies,?Management?Science,?Journal?of?Financial?and?QuantitativeAnalysis,Journal?of?Banking?and?Finance,?European?Finance?Management,?Reviewof?Quantitative?Finance?and?Accounting,?Decision?Support?System,Journal?ofBusiness,?Finance?and?Accounting,Pacific?Basin?Finance?Journal等國(guó)內(nèi)外刊物發(fā)表數(shù)十篇文章。

期刊論文獲得美國(guó)SandellResearch?Grant?on?Retirement - 美國(guó)聯(lián)邦社會(huì)安全署支持計(jì)劃 - 2006

研究論文被美國(guó)會(huì)計(jì)師協(xié)會(huì)文摘, - ?2004,美國(guó)商業(yè)周刊 - 2004等多個(gè)期刊轉(zhuǎn)載。

曾獲得美國(guó)財(cái)務(wù)年會(huì)American?FinanceAssociation（AFA）travel?grant?Travel?Grant。

擔(dān)任國(guó)際多個(gè)重要期刊的評(píng)審委員

她曾分別擔(dān)任臺(tái)灣政治大學(xué)與中正大學(xué)財(cái)務(wù)管理學(xué)系系主任,政治大學(xué)商學(xué)院投資人研究中心主任,臺(tái)灣證券柜臺(tái)買賣中心獨(dú)立董事，期交所交易委員，證券商業(yè)同業(yè)公會(huì)顧問(wèn)，臺(tái)北市政府特種基金顧問(wèn)，投資人保護(hù)中心調(diào)解委員，臺(tái)灣金融學(xué)會(huì)理事，臺(tái)灣經(jīng)濟(jì)部國(guó)有事業(yè)民營(yíng)化咨詢委員，并為臺(tái)灣多個(gè)主要金融學(xué)術(shù)期刊的編輯委員。

過(guò)去十年來(lái)深入?yún)⑴c臺(tái)灣證券暨期貨管理委員會(huì)、證券交易所、證券柜臺(tái)買賣中心，臺(tái)灣期貨交易所，證券暨市場(chǎng)發(fā)展基金會(huì),集保公司與證券商業(yè)同業(yè)公會(huì)等的市場(chǎng)規(guī)劃與相關(guān)制度設(shè)計(jì)。其他實(shí)務(wù)經(jīng)驗(yàn)尚包括,基金投資產(chǎn)品設(shè)計(jì),投資人保護(hù)與教育,銀行不動(dòng)產(chǎn)估價(jià)與企業(yè)授信決策模型,國(guó)營(yíng)事業(yè)民營(yíng)化,釋股評(píng)策略規(guī)劃等方面。曾出版財(cái)務(wù)管理、股市EQ、證券市場(chǎng)理論與實(shí)務(wù)等書。

個(gè)人榮譽(yù)

曾榮獲國(guó)際多個(gè)學(xué)術(shù)論文研討會(huì)最佳論文獎(jiǎng)。

被評(píng)為臺(tái)灣中山大學(xué)管院杰出校友。

研究成果

英文期刊

1Conghui?Hu?and?Yu-Jane?Liu,Valuing?Diversity:?CEOs'Career?Experiences?and?Corporate?Investment,accepted?for?publication?in?Journal?of?Corporate?Finance,?2014.

2Yu-Jane?Liu,?Longkai?Zhao,?Zheng?Zhang,“Speculation?Spillover”,Management?Science - SSCI,forthcoming.

3Yi-Tsung?Lee,?Yu-Jane?Liu,?Wei-Shao?Wu,?Robert?Fok,?"Hedging?Costs,?Liquidity,?and?Inventory?Management:?The?Evidence?from?Option?Market?Makers",?Journal?of?Financial?Markets - SSCI,?2014,?18:?25-48.

4Brad?Barber,?Yi-Tsung?Lee,?Yu-Jane?Liu,?Terrance?Odean,?The?Cross-section?of?Speculator?Skill:?Evidence?from?Day?Trading",?Journal?of?Financial?Markets - SSCI,?2014,?18:?1-24.

5Mao-Wei?Hung,?Yu-Jane?Liu,?and?Chia-Fen?Tsai,?"Managerial?personal?diversification?and?portfolio?equity?incentives."?Journal?of?Corporate?Finance,?2012,?18? - 1:?38-64..

6Yu-Jane?Liu,?Chih-Ling?Tsai,?Min-Chun?Wang?and?Ning?Zhu,"Prior?Consequences?and?Subsequent?Risk?Taking:?New?Field?Evidence?from?the?Taiwan?Futures?Exchange",Management?Science - SSCI,2010,56:?606-620.

7Barber,?Brad,?Yi-Tsung?Lee,?Yu-Jane?Liu,?and?Terrance?Odean,?"Just?HowMuch?do?Individual?Investors?Lose?by?Trading?"?Review?of?Financial?Studies,2009,22 - 2:?609-632.

8Li-wen?Chen,?Ji-Chai?Lin,?Yu-Jane?Liu?and?Shane?Johnsen,?Information,?Sophisication,?and?Foreign?versus?Domestic?Investors'?Performance,?Journal?of?Banking?and?Finance - SSCI?,?2009,?33 - ?9:?1636-1651.

9Yu-Jane?Liu,?Min-Chun?Wang?and?Longkai?Zhao,?Narrow?Framing:?Perfessions,?Sophisication?and?Experience,Journal?of?Futures?Market? - SSCI,?2009,140:?175-203.

10Rachel,?Yu-Jane?Liu?and?Larry?Tzeng,?"Hidden?Overconfidence?and?Advantageous?Selection",?The?Geneva?Risk?and?Insurance?Review,?2010,?35? - 2:?93-107.

11Yi-Tsung?Lee,?Yu-Jane?Liu?and?Ning?Zhu,?2008,?The?costs?of?owning?employer?stocks:?Evidence?from?Taiwan,?Journal?of?Financial?and?Quantitative?Analysis, - SSCI,?2008,?43:717-740.

12Barber,?Brad,?Yi-Tsung?Lee,?Yu-Jane?Liu,?and?Terrance?Odean,?Is?the?Aggregate?Investor?Reluctant?to?Realise?Losses??Evidence?from?Taiwan,?European?Financial?Managment - SSCI,?Vol?13,?Iss.?3,?Jun?2007,?423-447.

13Ji-Chai?Lin,?Yi-Tsung?Lee?and?Yu-Jane?Liu,?"IPO?Auctions?and?Private?Information",?Journal?of?Banking?and?Finance? - SSCI,?Vol.?31?Iss.?5,?May?2007,?1483-1500.

14Lee,Yi-Tsung,?Yu-Jane?Liu,?Richard?Roll,?and?Avanidhar?Subrahmanyam,?Taxes?and?Dividend?Clientele:Evidence?from?Trading?and?Ownership?Structure,?Journal?of?Banking?and?Finance? - SSCI,?Vol.?30,?2006,229-246.

15Yi-Tsung?Lee,?Yu-Jane?Liu,?Richard?Roll?and?Avanidhar?Subrahmany,"Order?Imbalance?and?Market?Efficiency:?Evidence?from?the?Taiwan?Stock?Exchange,?"?Journal?of?Financial?and?Quantitative?Analysis? - SSCI,Vol.?39,?Iss.?2,?Jun.?2004,327-342.? - has?been?re-summarized?in?The?CFA?Digest,?Vol.?34,?Iss.4,?Nov.?2004,?54-55.

16Ray?Tsaih,?Yu-Jane?Liu,?Wenchin?Liu,?and?Yu-Ling?Lien,?"A?Decision?Support?System?for?Small?Business?Loans",?Decision?Support?System（SCI）.?Vol.?38,?Iss.?1,?Oct.?2004,?91-99.

17Yu-Jane?Liu?and?K.C.?John?Wei?Liaw?and?Gwohorng,?"On?the?Demand?Elasticity?of?IPO:?An?Analysis?of?Discriminatory?Auctions",?International?Review?of?Finance,?2001,151-178.

18Y.T.Lee,?Robert?Fok?and?Y.J,?Liu,?"Information?Stocks,?Trading?Strategies?and?Order?Imbalance,"Journal?of?Business,?Finance?and?Accounting, - SSCI）Vol.?28,?No.1&2,Jan/March.?2001.199-230.

19Chih-Hsien?Yu?andYu-Jane?Liu,?"On?the?Effect?of?Stock?Stabilization?Fund—A?Case?of?Taiwan,"Review?of?Pacific?Basin?Financial?Markets?and?Policies.

20Y.T.Lee,J.C.?Lin?and?Y.J.Liu,?"?Trading?Patterns?of?Big?versus?Small?Traders:?An?Emerging?Market?Analysis,"Journal?of?Banking?and?Finance? - SSCI,?1999,?701-725.

21Y.?J.?Liu,?V.?W.?Liu,?and?C.?S.?Wu,?"The?Impact?of?Information?Diffusion?on?Comparisons?among?Various?Trading?Mechanisms,"?Review?of?Quantitative?Finance?and?Accounting,?Vol.?9,?No.?3,?1997,?301-326.

22Y.J.Liu,"Auction?Mechanisms?and?Information?Structure：An?Experimental?Study?of?Information?Aggregation?in?Securities?Markets,Research?in?Experimental?Economics,?Vol.?6,?JAI?Press?Inc.,?1996,?165-212.

23K.C.Wei,Y.J.Liu,C.C.Yang?and?K.?H.?Chuang,?"Volatility?and?Price?Changes?Spillover?Effects?Across?the?Developed?and?Emerging?Markets,"?Pacific-Basin?Finance?Journal,?Vol.?3,?No.?1,?March?1995,?113-136.

中文期刊

1劉莎莎，劉玉珍，唐涯，"信息優(yōu)勢(shì)、風(fēng)險(xiǎn)調(diào)整與基金業(yè)績(jī)"，管理世界，2013，No.8，67-76.

2高明、劉玉珍，"跨國(guó)家庭金融比較：理論與政策意涵"，經(jīng)濟(jì)研究，2013，No.2，134-149.

3孟涓涓，趙龍凱，劉玉珍，尤煒，"社會(huì)性學(xué)習(xí)、從眾心理和股市參與決策"，金融研究，2013，No.7.

4陶啟智，周銘山，劉玉珍，"杠桿率在公司并購(gòu)后的變動(dòng)-部分調(diào)整模型的應(yīng)用"，金融學(xué)季刊，2011，No.6.

5周銘山，孫磊，劉玉珍，"社會(huì)互動(dòng)、相對(duì)財(cái)富關(guān)注及股市參與"，金融研究，2011，No.2，172-184.

6劉玉珍，張崢，徐信忠，張金華，"基金投資者的框架效應(yīng)"，管理世界，2010，No.2，25-37.

7周銘山、張維寧、李廣子、劉玉珍，"自愿披露與公司融資選擇"，金融學(xué)季刊，2010，No.5.

8李怡宗，劉玉珍，王錦瑩，陳薇如，賴文弘，“限價(jià)委托簿信息透明度與市場(chǎng)質(zhì)量”，證券市場(chǎng)發(fā)展季刊 - TSSCI，2007，forthcoming.

9王錦瑩，陳隆麒，劉玉珍,“股票回購(gòu)對(duì)股利政策變動(dòng)公告效應(yīng)之影響”的接受，管理評(píng)論 - TSSCI,第25卷第3期,2006.

10陳嘉惠，劉玉珍，林炯垚，“公開市場(chǎng)股票回購(gòu)影響因素分析”，證券市場(chǎng)發(fā)展季刊 - TSSCI,第15卷第3期,October2003,27-61.

11劉玉珍，葉淑玲，簡(jiǎn)淑芬，季秀，“建構(gòu)未上市 - 柜股票交易制度之研究”，證券市場(chǎng)發(fā)展季刊 - TSSCI,第13卷第4期,Jan,2002,1-42.

12陳嘉惠，高郁惠，劉玉珍，“投資人偏好與資產(chǎn)配置”，臺(tái)灣管理學(xué)刊，第1卷第2期,February2002,213-232.

13劉玉珍與徐敏富，“民營(yíng)化對(duì)股市的沖擊”，中山管理評(píng)論 - TSSCI，1999.

14李怡宗、劉玉珍、李健瑋，“Black-Scholes評(píng)價(jià)模式在臺(tái)灣認(rèn)購(gòu)權(quán)證市場(chǎng)之實(shí)證”（最佳論文獎(jiǎng)），管理評(píng)論 - TSSCI，第18卷第3期，1999，83-104.

15劉玉珍、臧大年、陳薇如，“未上市股票市場(chǎng)價(jià)差決定因子之實(shí)證研究”，證券市場(chǎng)發(fā)展季刊 - TSSCI10:4（第十卷第四期），1998，27-54.

16劉玉珍，何怡滿，“臺(tái)灣股市隔夜報(bào)酬預(yù)測(cè)因子之實(shí)證研究”，管理科學(xué)學(xué)報(bào) - TSSCI，第十四卷第一期，1994，頁(yè)三九~六十四。

17劉玉珍，周行一，潘璟靜，“臺(tái)灣股市價(jià)格限制與交易行為”，中國(guó)財(cái)務(wù)學(xué)刊 - TSSCI，第四卷第二期，1996,頁(yè)四一~六十。

18劉維基，劉玉珍，黃建順，潘璟靜，“臺(tái)灣股市日內(nèi)價(jià)格變動(dòng)分析”，證券市場(chǎng)發(fā)展季刊 - TSSCI，第七卷第二期，1995年，頁(yè)四十七~七十三。

19黃仁甫、劉玉珍，“臺(tái)灣股市交易信息不對(duì)稱之實(shí)證研究”，中國(guó)財(cái)務(wù)學(xué)刊 - TSSCI，第三卷第一期，1995,七月，頁(yè)九十五~一一七。

20劉玉珍，“國(guó)際股市信息結(jié)構(gòu)之實(shí)證研究”，臺(tái)大管理論叢 - TSSCI，第五卷第一期，1994，頁(yè)一八九~二二二。

21劉玉珍，何怡滿，“臺(tái)灣股市公司特性與信息結(jié)構(gòu)之實(shí)證研究”，國(guó)科會(huì)人文社會(huì)科學(xué)論叢，第四卷第一期，1994年一月，頁(yè)一一四~三二。

22劉玉珍，劉維基，林淑鈴，“臺(tái)灣股市季盈余宣告的信息－隨機(jī)優(yōu)勢(shì)模式與資本資產(chǎn)定價(jià)模式之比較”，管理科學(xué)學(xué)報(bào) - TSSCI，第十卷第一期，1993，頁(yè)二十三~四十六。

23劉玉珍，劉維基，謝政能，“臺(tái)灣股市過(guò)度反應(yīng)之實(shí)證研究”，臺(tái)大管理論叢 - TSSCI，第四卷第一期，1993，頁(yè)一零五~一四六。

24劉玉珍，劉維基，史習(xí)安，“臺(tái)灣股市真實(shí)價(jià)格發(fā)現(xiàn)能力之實(shí)證研究”，臺(tái)大管理論叢 - TSSCI，第二卷第一期，1991，頁(yè)一一九~一三八。

25劉玉珍，劉維基，吳欽杉，郭秋榮，“臺(tái)灣地區(qū)股票上市公司變現(xiàn)能力與股票報(bào)酬關(guān)系之實(shí)證研究”，管理科學(xué)學(xué)報(bào) - TSSCI，第八卷第一期，1991，頁(yè)三十七~五十一。

26劉維基，吳欽杉，劉玉珍，“競(jìng)價(jià)制度對(duì)股市變現(xiàn)能力的影響之模擬研究”，社會(huì)科學(xué)論叢，第三十八輯，1990年，頁(yè)一零七~一二九。

27劉維基，吳欽杉，劉玉珍，“股市投資人投單策略形成之模擬研究”，政大管理評(píng)論 - TSSCI，1990年，頁(yè)一三九~一五四。

2822劉維基，黃鉦堤，劉玉珍，“臺(tái)灣證券市場(chǎng)公司規(guī)模與盈余公告所含信息內(nèi)容之實(shí)證研究”，管理科學(xué)學(xué)報(bào) - TSSCI，第七卷第一期，1990年，頁(yè)三十一~四十八。

29吳欽杉，劉玉珍，“臺(tái)灣地區(qū)上市公司股票最后進(jìn)出喊價(jià)價(jià)差的決定因子之實(shí)證研究”，管理科學(xué)學(xué)報(bào) - TSSCI，第六卷第一期，1989年五月，頁(yè)一~一十六

30劉維基，劉玉珍，“融資順位理論的發(fā)展與實(shí)證”，政大管理評(píng)論 - TSSCI，1989年，頁(yè)七~二十二

出席會(huì)議

1Barber,?Brad,?Yi-Tsung?Lee,?Yu-Jane?Liu,?and?Terrance?Odean,?2006.01.06,?Who?Loses?from?Trade??Evidence?from?Taiwan,The?2006?Annual?Meeting?of?American?Finance?Association,?AFA,?Boston.

2Lin,?Ji-Chai,?Yi-Tsung?Lee,?and?Yu-Jane?Liu,?2005.12.14,?IPO?Auctions?and?Private?Information,?The?18th?Australasian?Finance?&?Banking?Conference?2005,?School?of?Banking?and?Finance,?The?University?of?New?South?Wales,?SYDNEY.

3Lee,?Yi-Tsung,?Yu-Jane?Liu,?and?Vivian?W.?Tai,?2005.10.14,?Who?Demand?on?the?Brokerage?House?Recommendations?,?2005?Annual?Meeting?of?the?Financial?Management?Association?International,?FMA,?Chicago.NSC?92-2416-H-004-054-EF

4Lin,?Ji-Chai,?Yi-Tsung?Lee,?and?Yu-Jane?Liu,?2005.07.05,?Why?Have?Auctions?Been?Losing?Market?Shares?to?Bookbuilding?in?IPO?Markets??The?80th?Annual?Conference?of?Western?Economic?Association?International,?WEAI,?San?Fransico.

5Barber,?Brad,?Yi-Tsung?Lee,?Yu-Jane?Liu,?and?Terrance?Odean,?2004.12.21,?Do?Individual?Day?Traders?Make?Money??Evidence?from?Taiwan,?2004?NTU?International?Conference,?National?Taiwan?University,?Taipei. - Has?been?re-summarized?by?Business?Week,August?16,2004.

6Barber,?Brad,?Yi-Tsung?Lee,?Yu-Jane?Liu,?and?Terrance?Odean,?2004.12.18,?Who?Gains?from?Trade??Evidence?from?Taiwan,The?12th?Conference?on?the?Theories?and?Practices?of?Securities?and?Financial?Markets,?Department?of?Finance,?NSYSU,?Kaohsiung.? - The?Best?Paper?Award

7Barber,?Brad,?Yi-Tsung?Lee,?Yu-Jane?Liu,?and?Terrance?Odean,?2004.10.16,?Do?Individual?Day?Traders?Make?Money??Evidence?from?Taiwan,?Behavioral?Finance?Program?Meeting,?National?Bureau?of?Economic?Research,?Inc.,?Massachusetts,?USA.

8Lin,?Ji-Chai,?Yi-tsung?Lee,?and?Yu-Jane?Liu,?2003.11,?Why?are?IPO?Auctions?Not?Popular??The?11th?Conference?on?Pacific?Basin?Finance,?Economics,?and?Accounting,?Taipei.

9Lee,?Yi-Tsung,?Lin,?Ji-Chai,?and?Yu-Jane?Liu,?2003.10,?The?Performance?of?Auctions?in?Pricing?IPO?Shares:?New?Evidence,?2003?Annual?Meeting,?Financial?Management?Association,?Denver,?US.

10Lee,?Yi-Tsung,?Yu-Jane?Liu,?and?John?Wei,?2003.08,?The?Probit?Model:?An?Application?to?the?Choice?of?Initial?Public?Offerings?Methods,?Joint?Statistical?Meetings,?American?Statistics,?San?Francisco,?US.

11Lee,?Yi-Tsung,?Ji-Chai?Lin,?and?Yu-Jane?Liu,?2003.06,?The?Performance?of?Auctions?in?Pricing?IPO?Shares:?New?Evidence,?2003?Annual?Meeting,?European?Financial?Management?Association,?Helsinki,?Finland.

12Lee,?Yi-Tsung,?Ji-Chai?Lin,?and?Yu-Jane?Liu,?2003.01,?The?Performance?of?Auctions?in?Pricing?IPO?Shares:?New?Evidence,?Pacific?Rim?Conference,?WEAI,?Taipei.

13Lee,?Yi-Tsung,?Yu-Jane?Liu,?and?John?Wei,?2002.07,?Institutional?Order?Submission?Strategies,?Execution?Costs,?and?Opportunity?Costs,?The?77thAnnual?Conference?of?WEAI,?Western?Economic?Association?International,?Seattle,?USA.

14Lee,?Yi-Tsung,?Yu-Jane?Liu?and?John?Wei,?“Execution?costs,?and?opportunity?costs:?A?tradeoff?analysis?for?institutional?traders,”?The?10th?Security?Market?Theory?and?Practice?Conference?held?in?National?Sun?Yat-sen?University,?2001.

15Liaw,?Gwohorng,?Yu-Jane?Liu?and?K.C.?John?Wei,?"On?the?Demand?Elasticity?of?IPO:?An?Analysis?of?Discriminatory?Auctions",?American?Finance?Assoication,?2001,?NTU?International?Finance?Conference?2000.（The?Best?Paper?Award）

16Y.T.Lee,?Robert?Fok?and?Yu-Jane?Liu,?“Information?Stocks,?Trading?Strategies?and?Order?Imbalance,”The?First?National?Practices?Economics?Conference（The?Best?Paper?Award）

17K.C.?John?Wei,?Yu-Jane?Liu,?Huan-Di?Yi,?and?Le-Ming?Su,?“Institutional?Trades?and?Price?Impacts?on?the?Taiwan?Stock?Exchange,?FMA,?1998.

18Yu-Jane?Liu,?Ming-Fu?Shyu,?“The?Impact?of?Stock?Floation?on?Privatization”,?National?Sun?Yat-sen?Securities?and?Finance?Conference,?Oct.?1997.

19Z.S.Yu,Yu-Jane?Liu?and?W.?I.?Dai,?“The?Effect?of?Taiwan?Stabilization?Funds:?Under?the?Military?Exercise?from?Mainland?China,”?National?Sun?Yat-sen?Securities?and?Finance?Conference,?Oct.?1997.

20Edward?H.?Chow,?Yi-Tsung?Lee?and?Yu-Jane?Liu,?“Intraday?Information,?trading?Volume,?and?Return?Volatiltiy:?Evidence?from?the?Order?Flows?on?the?Taiwan?Stock?Exchange,”?FMA,?Oct.?1997.

21Lee,?J.C.?Lin?and?Yu-Jane?Liu,?"On?the?Taiwan?Stock?Exchange:?Big?Versus?Small?Players,"?PACAP/CFA,?EFMA?conference,?July?1996.

22Yu-Jane?Liu,?"Information?Shocks,?Trading?Strategies?and?Order?Imbalance?-A?Closer?Look?in?Taiwan?Stock?Market,"?International?Conference?of?Asian-Pacific?Business?Management,?January?1996（Taipei）.

23Yu-Jane?Liu,?Edward,?H.?Chow?and?G.?G.?Pan,?"Limit?Moves?and?Positive?Feedback?Trading,"?The?Theories?and?Practices?in?Securities?and?Finance?Markets－National?Sun?Yat-sen?University,?1995,（Kaoshiung）

24Yu-Jane?Liu,?"Auction?Mechanisms?and?Information?Structure：An?Experimental?Study?of?Information?Aggregation?in?Securities?Markets,"?National?Taiwan?University?Internation?Finance?Conference.?1995.（Taipei）. - The?Best?Paper?Award

25Edward?H.Chow,Yu-Jane?Liu,?Gin-Gin?Pan,”Analysis?of?The?Price?Limits,Investing?Strategies,and?Market?Performance?in?Taiwan?Stock?Market”,The?Theories?and?Practices?in?Securities?and?Finance?Markets－National?Sun?Yat-sen?University,1