Working Experience
Professor and Dean, Office of International and Cross-Strait Affairs, National Chi Nan University, 02/2021-
Professor, Department of Banking and Finance, National Chi Nan University, 08/2020-
Program Committee Chair, 2020 International Conference of Taiwan Finance Association, Taiwan Finance Association, 09/2020
Professor and Chair, Department of Banking and Finance, National Chi Nan University, 08/2018-07/2020
Associate Professor and Chair, Department of Banking and Finance, National Chi Nan University, 08/2017-07/2018
Associate Professor and Chair, Department of Banking and Finance, National Chi Nan University, 05/2017-07/2017
Associate Professor, Department of Banking and Finance, National Chi Nan University, 02/2017-05/2017
Professor and Chair, Department of Finance, Asia University, 02/2015-01/2017
Program Committee Chair, 2015 International Conference of Taiwan Finance Association, Taiwan Finance Association, 06/2015
Associate Professor and Chair, Department of Finance, Asia University, 02/2014-01/2015
Associate Professor, Department of Finance, Asia University, 02/2012-01/2014
Assistant Professor, Department of Finance, Asia University, 02/2009-01/2012
Education (including Ph.D., M.S., and B.S.)
Ph.D. in Finance, National Chung Cheng University, 09/2005-12/2008
M. S. in Finance, National Kaohsiung First University of Science and Technology, 09/2003-06/2005
B. S. in Finance, National Kaohsiung First University of Science and Technology, 09/2001-06/2003
Research Interests
Corporate Finance, Microstructure, Corporate Governance
Publications
- Chong-Chuo Chang and Hui-Wen Tang (2021, Jan), Corporate Cash Holdings and Total Factor Productivity– A Global Analysis, North American Journal of Economics and Finance, 55, 101316. (SSCI)
- Chong-Chuo Chang and Kuen-Shiou Yang (2021, March), Loose Monetary Policy and Firm Uncertainty, SN Business & Economics, Vol. 3(1), 1-27.
- Chong-Chuo Chang, Tai-Yung Kam, Yu-Cheng Chang, and Chen-Chen Liu (2019, Sep), Effects of the 2008 Financial Crisis on the Working Capital Management Policy of US Enterprises, International Journal of Business and Economics, Vol. 18(2), 121-140.(Econlit; and this journal is rated "B" in a recent ranking made by the Australian Business Deans Council)
- Chong-Chuo Chang, Tai-Yung Kam, Chih-Chung Chien, and Wan T. Su (2019, Apr), The impact of financial constraints on the convertible bond announcement returns, Economies, 7(2), 2-32.(Scopus, 69/144, Economics, Econometrics and Finance)
- Chong-Chuo Chang, Munkh-Ulzii Batmunkh, Wing-Keung Wong, and Munkhchimeg Jargalsaikhan (2019). Relationship between capital structure and profitability: Evidence from Four Asian Tigers.Journal of Management Information and Decision Sciences, 22(2), 54-65. (Scopus)
- Chong-Chuo Chang (2018, Jul), Cash conversion cycle and corporate performance: Global evidence, International Review of Economics and Finance, 56, 568-581. (SSCI, MOST Finance Ranking: A-)
- Chong-Chuo Chang, Shieh-Liang Chen, Aini Farmania, Feng-Tse Tsai, Ping-Chao Wu (2018). Corporate Governance and Product Market Power: Evidence from Taiwan. International Journal of Business and Finance Research, 12(1), 93-104. (Econlit).
- Sheng-Syan Chen, Hsien-Yi Chen, Chong-Chuo Chang, and Shu-Ling Yang (2016, Mar), The relation between sovereign credit rating revisions and economic growth, Journal of Banking & Finance, 64, 90-100. (SSCI, MOST Finance Ranking: ATier-1)
- Sheng-Syan Chen, Hsien-Yi Chen, Shu-Ling Yang, and Chong-Chuo Chang (2016, Mar), Output spillovers from changes in sovereign credit ratings, Journal of International Money and Finance, 63, 48-63. (SSCI, MOST Finance Ranking: ATier-1)
- An-Sing Chen, Chong-Chuo Chang, Lee-Young Cheng, and Hsing-Yu Tu (2016, July), Do analysts cater to investor beliefs via target prices?, International Review of Economics and Finance, 4, 232-252. (SSCI, MOST Finance Ranking: A-)
- Hui-Wen Tang and Chong-Chuo Chang (2015, Jul), Does corporate governance affect the relationship between earnings management and firm performance?: An endogenous switching regression model, Review of Quantitative Finance and Accounting, 45(1), 33-58. (FLI, Scopus, SSCI, MOST Finance Ranking: ATier-2)
- Chong-Chuo Chang, Sheng-Chuan Wang, Yu-Cheng Chang, and Chen-Chen Liu (2015), The impact of quantitative easing monetary policy on American corporate performance, International Journal of Economic Research, 12(5), 2043-2056. (Scopus)
- Jenho-Peter Ou, Feng-Tse Tsai, Chong-Chuo Chang, and Yu-Fen Gao (2015, Aug), Long-run performance following switching exchange listings and influence factors,Taiwan Academy of Management Journal, 15(2), 1-23.(In Chinese)
- Chong-Chuo Chang (2014, June), Intraday information implied in margin trading,Review of Securities and Futures Markets, 26(2), 91-150. (TSSCI)(In Chinese)
- Chong-Chuo Chang, Hsien-Yi Chen, and Nai-Jing Chen (2014, Sep), Switching exchange listings and market liquidity, Sun Yat-Sen Management Review, 22(3), 573-621. (TSSCI)(In Chinese)
- Hsien-Yi Chen, Shu-Ling Yang, Chong-Chuo Chang, and Wan-Rung Chen (2014, June), Relationship between fund performance attribution and fund flows,NTU Management Review, 24(2), 283-308. (TSSCI)(In Chinese)
- Chong-Chuo Chang, Lee-Young Cheng, Ming-Chang Wang,and Yi-Ching Tsai (2014, Mar),The impact of short-sale price constraints on market quality, Review of Securities and Futures Markets, 26(1), 147-182. (TSSCI)(In Chinese)
- Sheng-Syan Chen, Hsien-Yi Chen, Chong-Chuo Chang, and Shu-Ling Yang (2013, Dec), How do sovereign credit rating changes affect private investment?, Journal of Banking & Finance, 37(12), 4820-4833. (SSCI, MOST Finance Ranking: ATier-1)
- Hui-wen Tang, Anlin Chen, and Chong-Chuo Chang (2013, Sep), Insider trading, accrual abuse, and corporate governance in emerging markets - Evidence from Taiwan, Pacific-Basin Finance Journal, 24, 132-155. (SSCI, MOST Finance Ranking: ATier-2)
- Yan Zhao, Lee-Young Cheng, Chong-Chuo Chang, and Cih-Ying Ni (2013, Sep), Short sales, margin purchases and bid-ask spreads, Pacific-Basin Finance Journal, 24, 199-220. (SSCI, MOST Finance Ranking: ATier-2)
- Lee-Young Cheng, Chong-Chuo Chang, and Dau-Yun Yi (2013, Dec), An analysis of short selling, margin purchasing, and bid-ask spreads around illegal insider trading: Evidence from Taiwan, Journal of Financial Studies, 21(4), 91-123. (TSSCI, EconLit)
- Chien-Yun Chang, Chong-Chuo Chang, and Jian-Hsin Chou (2013, Sep), Investigating the information content of convertible bond issuance: From arbitrage and hedging views, Review of Securities and Futures Markets, 25(3), 41-94. (TSSCI)(In Chinese)
- Chong-Chuo Chang, C. Edward Wang (2013, Jan), The time-series and cross-sectional stock returns in Taiwan: A reexamination under different model specification, portfolio construction, and sample selection,Taipei Economic Inquiry, 49(1), 31-88. (TSSCI)(In Chinese)
- Yung-Jang Wang, Roger C. Y. Chen, and Chong-Chuo Chang (2012, June), Corporate governance and market liquidity, Review of Securities and Futures Markets, 24(2), 125-178. (TSSCI)(In Chinese)
- Chong-Chuo Chang, Yung-Jang Wang,Roger C. Y. Chen, and Hui-Wen Tang (2012, Mar), The monitoring effect of the score of information disclosure and evaluation system on market volatility and the degree of order imbalance, Journal of Financial Studies, 20(1)1-32. (TSSCI, EconLit)(In Chinese)
- Chao-Shi Wang, Roger C. Y. Chen, Chen-Yu Chen, and Chong-Chuo Chang (2011, Sep), The effect of insider trading on share repurchase announcements: The moving-window perspective, Sun Yat-Sen Management Review, 19(3), 633-664. (TSSCI)(In Chinese)
- Yung-Jang Wang, Chong-Chuo Chang, and Lee-Young Cheng (2010, Dec), The impact of statement of financial accounting standards No. 34 on financial and electronic industries: Evidence from market microstructure perspective, Sun Yat-Sen Management Review, 18(4), 1003-1045. (TSSCI)(In Chinese)
- Yung-Sheng Su, Roger C.Y. Chen, and Chong-Chuo Chang (2009, Sep), Abnormal stock returns and share repurchases following increases in R&D expenditures, Contemporary Management Research, 5(3), 259-272. (Scopus)
- Roger C. Y. Chen, Chong-Chuo Chang, Chao-Shi Wang, and Po-Sheng Chuang (2009, Sep), Long-run performance following stock repurchase announcement and influence factors, Fu Jen Management Review, 16(3), 23-58. (In Chinese)
- Pei-Jung Tsai, Yung-Jang Wang, Chong-Chuo Chang (2009, July), Investor sentiment, firm characteristics, and stock returns in Taiwan, Taipei Economic Inquiry, 42(2). (TSSCI)(In Chinese)
Awards and Honors
- Excellent Teaching Award, National Chi Nan University, 2019, Fall Semester
- Excellent Teaching Award, National Chi Nan University, 2019, Spring Semester
- Excellent Teaching Award, National Chi Nan University, 2018, Fall Semester
- Excellent Teaching Award, National Chi Nan University, 2018, Spring Semester
- Excellent Teaching Award, National Chi Nan University, 2017, Spring Semester
- Excellent Teaching Award, Asia University, 2014
- Outstanding Teaching Award, Asia University, 2012
- Excellent Teaching Award, Asia University, 2011
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Research Grants
- 2020 International Conference of Taiwan Finance Association (MOST 109-2916-I-260-002-A1), Ministry of Science and Technology, Taiwan. (Individual Project) (2020/09/25~2020/09/26) (about US$28,300)
- A Study of the Issues Related to the Firm’s Recovery Rate (MOST 107-2410-H-260-005-MY3), Ministry of Science and Technology, Taiwan. (Individual Project) (2018/08/01~2021/07/31) (about US$99,900)
- The related Issues on Quality of Institutions (MOST 105-2410-H-468-005-MY2), Ministry of Science and Technology, Taiwan. (Individual Project) (2016/08/01~2018/07/31) (about US$54,800)
- Will Easy Monetary Policy Increase Corporate Uncertainty in the Future? An Investigation of the United States, Japan, United Kingdom, and Eurozone Members (MOST 104-2410-H-468-001), Ministry of Science and Technology, Taiwan. (Individual Project) (2015/08/01~2016/07/31) (about US$19,500)
- 2015 International Conference of Taiwan Finance Association (MOST 104-2916-I-468-002-A1), Ministry of Science and Technology, Taiwan. (Individual Project) (2015/06/05~2016/06/06) (about US$17,000)
- Exploring the Influence of Technological Progress on Product Market Power and Earnings Persistence from a Financial Constraints Perspective (MOST 103-2410-H-468 -002), Ministry of Science and Technology, Taiwan. (Individual Project) (2014/08/01~2015/07/31) (about US$21,400)
- Impact of Corporate Cash Holdings on Total Factor Productivity: Global Empirical Analysis (NSC 102-2410-H-468-005), Ministry of Science and Technology, Taiwan. (Individual Project) (2013/08/01~2014/07/31) (about US$17,200)
- Cash is King? Detection of the Global Market in a Financial Crisis (NSC 101-2410-H-468-006), Ministry of Science and Technology, Taiwan. (Individual Project) (2012/08/01~2013/07/31) (about US$14,500)
- Operating Capital Management and Corporate Performance: Global Evidence (NSC 100-2410-H-468-015), Ministry of Science and Technology, Taiwan. (Individual Project) (2011/08/01~2012/07/31) (about US$12,400)
- Intraday Information Implied in Margin Trading – Examination on Margin Trading, Market Microstructure, Insider Trading and Event Study (NSC 99-2410-H-468 -011), Ministry of Science and Technology, Taiwan. (Individual Project) (2010/08/01~2011/07/31) (about US$11,100)
- Institutional Trading Activity, Ownership and Security Markets (NSC 98-2410-H-468-030), Ministry of Science and Technology, Taiwan. (Individual Project) (2009/08/01~2010/07/31) (about US$11,800)
VISITING EXPERIENCE
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- Assumption University (Thailand): 01/2020
Lecture / PhD course: Advance Financial Theory
- UC San Diego Extension International Programs (United States): 08//2019
2019 UCSD Summer Faculty Training Program for NCNU
- Assumption University (Thailand): 05/2019
Lecture / PhD course: Advance Financial Theory
- National University of Mongolia (Mongolia): 05/2019
Speech: 1. Research Topics in Corporate Finance: International Evidence
2.Research Topics in International Finance
COURSES INSTRUCTED IN ENGLISH
- Financial Management / Master course: 2021/09~2022/01
- Seminar on Corporate Finance / PhD course: 2021/02~2021/06
- Financial Theory / Master course: 2020/02~2020/06
- Empirical Analysis on Economic and Finance Empirical Data / Master course: 2019/09~2020/01
- Financial Management / Master course: 2019/09~2020/01
- Financial Management / Master course: 2018/09~2019/01
- Studies on Stock Markets / PhD course: 2014/02~2014/06
CERTIFICATION AND LICENSE
- Certified Financial Planner (CFP)
- Senior Securities Specialist
- Futures Specialist
- Securities Investment Trust and Consulting Professionals
- Bond Specialist
- Bank Internal Control and Audit
- Trust Representative
- Level B Technician for Accounting