First Author:   Tsangyao Chang Department of Finance, Feng Chia University, Taichung, Taiwan tychang@fcu.edu.tw   Taichung, Taiwan       Second Author: Yu-Chen Wei Department of Management of Science, National Chiao Tung University, Hsin-Chu, Taiwan midclaire@gmail.com   Hsin-Chu, Taiwan       Third Author: Yang-Cheng Lu Department of Finance, Ming Chuan University, Taipei, Taiwan yclu@mcu.edu.tw   Taipei, Taiwan