Faculty and ResearchExpert Guide

Education

• Ph.D. in Business Administration
  Northwestern University, Evanston, Illinois
• Master of Arts in Economics
  University of Houston, Houston, Texas
• Bachelor of Science in Economics
  National Taiwan University, Taipei, Taiwan

Areas of Expertise

• Corporate Finance
• Information Economics
• Investments
• Mortgage Choice and Finance

Professional Activities

Dr. Chang’s research has been published in Journal of Banking and Finance, Southern Economic Journal, Journal of Financial Research, International Economic Review, Management International Review, Decision Sciences, International Journal of Finance, and others. His article, "Why a Decision Maker May Prefer a Seemingly Unfair Gamble" (with Arun Prakash, Shahid Hamid and Michael Smyser), is listed in the Hall of Excellence of ANBAR Electronic Intelligence http://www.anbar.co.uk/anbar/excellence/authors.htm. Dr. Chang has presented his papers to various academic and professional associations. In 1994, he received the Excellence in Research Award from the National Science Foundation in Taiwan. Dr. Chang has taught and developed various courses in finance and economics for undergraduate, MBA, Executive MBA and doctoral students. He recently received the Florida International University faculty award for Excellence in Teaching.

Courses Taught

• Advanced Business Plan Development
• Capital Budgeting and Long Term Resource Allocation
• Capital Budgeting Techniques and Applications
• Commercial Banking
• Competitive Strategy
• Fin Mangt Policies
• Finance Doctoral Independent Study
• Finance Internship
• Financial Economics I
• Financial Economics II
• Financial Management
• Financial Theory I
• Intermediate Finance
• Intermediate Financial Management
• Portfolio Management
• Quantitative Methods in Financial Analysis
• Real Estate Finance
• Special Topics in Finance

Refereed Journal Articles

Dandapani, K., Chou, W., & Chang, C. (2019). Do Corporate Working Capital Decisions Matter to Stock Return Volatility? Frontiers in Finance and Economics, To-be-determined(To-be-determined). (In Press)

Hurwitz, C., Chou, J., Chang, C., & Prakash, A. J. (2019). The Determinants of Firms’ Global Diversification Decisions. Applied Economics, 51(30).

Chang, C., Mishra, S., & Strobl, S. (2018). Liquidity Premium and Industry-Clustering. Frontiers in Finance and Economics, 15(1).

Chang, C., Jain, A., Lawrence, E. R., & Prakash, A. J. (2016). The Tax Exemption to Subchapter S Banks: Who Gets the Benefit? Financial Review, 51(3).

Shankar, S., Lawrence, E. R., Mishra, S., & Chang, C. (2015). Spread Behavior and Multiple Restatement Announcements. International Journal of Finance.

Chang, C., Chou, W., & Jiang, X. (2013). International Diversification: Gain or Loss? International Journal of Finance, 26(1).

Chang, C., Lawrence, E. R., & Prakash, A. J. (2012). FACE-TO-FACE AND ONLINE FINANCE COURSES: An Assessment. International Journal of Finance, 24(2).

Chang, C., Lawrence, E. R., & Prakash, A. J. (2012). Teaching Finance Courses: A Comparison of Face-to-Face and Online. International Journal of Finance, 24(2).

Chang, C., Dandapani, K., Ghosh, D., & Zaher, A. A. (2011). A Note on A Possible Solution for the Foreclosure Crisis: 40-Year GPM. International Journal of Business, 16(1).

Johnson, K., Dandapani, K., & Chang, C. (2011). Flood zone uncertainty and the likelihood of marketing success. Journal of Housing Research, 19(2).

Chang, C., Dandapani, K., Ghosh, D., & Zaher, A. A. (2011). A note on a possible solution for the foreclosure crisis : 40-year GPM. International Journal of Business, 16(1).

Chang, C., Lin, S. W., Mishra, S., & Shankar, S. (2011). Information disclosures in the share repurchase announcements: Does IT matter to investors? International Journal of Finance.

Chang, C., Dandapani, K., & Johnson, K. H. (2010). Flood zone uncertainty and the likelihood of marketing success. Journal of Housing Research, 19(2).

Dedman, E., Lin, S., & Chang, C. (2010). Non-executive independence and quality: Do they add to firm value in the UK? International Journal of Finance, 22(2).

Chang, C., & Dupoyet, B. (2008). Allocation of Weights to Assets in a Portfolio: The Case of Nominal Annualisation verses Effective Annualisation of Returns. Applied Financial Economics, 18(20).

Chang, C., Dupoyet, B., & Prakash, A. J. (2008). Effect of Intervalling and Skewness on Portfolio Selection in Developed and Developing Markets. Applied Financial Economics, 18(21).

Chang, C., Dupoyet, B., & Prakash, A. J. (2008). Optimum Allocation of Weights to Assets in a Portfolio: The Case of Nominal Annualization verses Effective Annualization of Returns. Applied Financial Economics, 18(20).

Dedman, E., Lin, S. W., Prakash, A. J., & Chang, C. (2008). Voluntary Disclosure and its Impact on Share Prices: Evidence from the UK Biotechnology Sector. Journal of Accounting and Public Policy, 27(3).

You, L., Chang, C., Parhizgari, A. M., & Prakash, A. J. (2007). Global stocks and contemporaneous market risk. International Journal of Business, 12(3).

Chang, C., Prakash, A. J., & Yeh, S. (2004). Sale of Monopoly Information and Behavior of the Rivaling Clients: A Theoretical Perspective. Review of Financial Economics, 13(3).

Chang, C. (2003). Adaptation of EVA and Financial Ratios. International Journal of Finance, 15(2).

Chang, C. (2003). Adaptation of EVA and Firm Risks. International Journal of Finance, 15(2).

Chang, C., & Prakash, A. J. (2003). Selecting Portfolio with Skewness: Recent Evidence from US, European, and LatinAmerican Stock Markets. Journal of Banking & Finance, 27(0).

Chang, C., & Prakash, A. J. (2002). Old Wine in a New Bottle. Finance India, 16(1).

Chang, C., Dandapani, K., & Auster, R. (1998). Roth IRAs or Deductible IRAs: The Contribution and Conversion Decision. Journal of Pension Planning & Compliance, 24(1).

Prakash, A. J., Chang, C., Hamid, S., & Smyser, M. (1998). Will a Risk-Averse Decision Maker Ever Really Prefer an Unfair Gamble? Sometimes, He will. Decision Sciences, 29(2).

Barber, J., & Chang, C. (1997). Risk Exposure and Bank Capital Regulation. International Journal of Finance, 9(1).

Prakash, A. J., Chang, C., Hamid, S., & Smyser, M. (1996). Why a Decision Maker May Prefer a Seemingly Unfair Gamble. Decision Sciences, 27(2).

Barber, J., Chang, C., & Thurston, D. (1996). Bank Failure, Risk and Capital Regulatio. Journal of Economics and Finance, 20(3).

Chang, C., Dandapani, K., & Auster, R. (1995). The 100-Year Japanese Residential Mortgage: A Critical Examination. Journal of International Accounting, Auditing, and Taxation, 4(1).

Chang, C., Dandapani, K., & Prakash, A. J. (1995). Current Assets Policies of European and Asian Corporations: A Critical Examination. Management International Review, (2).

Anderson, G., Barber, J., & Chang, C. (1994). A Decision Model for Fixed-Rate Mortgages. Real Estate Finance.

Chang, C., & Lee, J. (1994). Optimal Pricing Strategy in Marketing Research Consulting. International Economic Review, 35(2).

Anderson, G., Barber, J., & Chang, C. (1993). Prepayment Risk and the Duration of Default-Free Mortgage-Backed Securities. Journal of Financial Research, XVI(3).

Chang, C., & Bjornstad, D. (1993). Profit, Profit-Sharing, and Productivity. Journal of Economics and Finance, 17(1).

Guo, M., & Chang, C. (1993). The Usefulness of Accounting-Based Returns in Differentiating Securities. Accounting Enquiries: A Research Journal, 2(2).

Chang, C., & Lee, J. (1992). Information Acquisition as Business Strategy. Southern Economic Journal, 58(3).