Academic Advancement Young Chair Professor
Professor of Finance
College of Management Research Fellow
National Taiwan University
Email: yenchengchang@ntu.edu.tw
PROFILE
Yen-Cheng Chang is the Academic Advancement Young Chair Professor, College of Management Research Fellow, and Professor of Finance at National Taiwan University. Prior to joining NTU as an associate professor, he was an assistant professor at the Shanghai Advanced Institute of Finance. Professor Chang's research interests include behavioral finance and a focus on econometric identification in finance, accounting, and economics. He has published in leading academic journals including the Journal of Finance, Review of Financial Studies, The Accounting Review, and the Contemporary Accounting Research. Professor Chang currently serves as an Associate Editor at the Journal of Financial Studies and has also won numerous teaching awards.
EDUCATION
University of Washington Foster School of Business
Ph.D. in Finance; M.S. in Business Administration
Duke University
M.A. in Economics
National Taiwan University
B.A. in Foreign Languages and Literatures
PUBLICATIONS
Access to Financial Disclosure and Knowledge Spillover, forthcoming, The Accounting Review (with Kevin Tseng, Tzu-Wen Yu)
Testing Disagreement Models, Journal of Finance (with Alexander Ljunqgvist, Pei-Jie Hsiao, Kevin Tseng)
Commercial Times (Sep.2022), Economic Daily News (Sep.2022), NTU Highlights (Oct. 2021)
Do Corporate Disclosures Constrain Strategic Analyst Behavior? Review of Financial Studies (with Alexander Ljunqgvist, Kevin Tseng)
Regression Discontinuity and the Price Effects of Stock Market Indexing, Review of Financial Studies (with Harrison Hong, Inessa Liskovich)
Forbes (Jan. 2021), MarketWatch (Jan. 2020), UBS Academic Research Monitor (Sep. 2014), NBER Digest (Nov. 2013)
Code and data: "program", "data" (Please read the Internet Appendix)
Short-Termist CEO Compensation in Speculative Markets: A Controlled Experiment, Contemporary Accounting Research (with Minjie Huang, Yu-Siang Su, Kevin Tseng)
Information Environment and Investor Behavior, Journal of Banking and Finance (with Hung-Wen Cheng)
Jump Variance Risk: Evidence from Option Valuation and Stock Returns, Journal of Futures Markets (with Hsuan-Ling Chang, Hung-Wen Cheng, Po-Hsiang Peng, Kevin Tseng)
Can stock message board sentiment predict future returns? Local versus Nonlocal Posts, Journal of Behavioral and Experimental Finance (with Ran Shao, Na Wang)
Does Governance Travel Across Industries? A Mutual Fund Episode, Journal of Management and Business Research (with Kevin Tseng, Chia-Yi Yen)
WORKING PAPERS
Investor Cultural Diversity and Market Reactions to Corporate Earnings Announcements (with Yu-Siang Su, Kevin Tseng, Na Wang)
MIT Asia Conference in Accounting, AsianFA, FMA, AFBC, TJAR
Disclosure Acquisition Costs, Volume Reactions, and Pricing Efficiency—A Natural Experiment (with Bokyung Park, Yu-Siang Su, Kevin Tseng)
EAA (scheduled), FeAT, APAD, FMA (Semifinalist, Best Paper Award)
Under review
Learning from the Band of Brothers: Evidence from Entrepreneurship Spillover (with Chun-Che Chi, Chih-Ching Hung, Kevin Tseng)
HONORS & AWARDS
RESEARCH
E.Sun Academic Award (2023)
Academic Advancement Young Chair Professorship (2023 NTU)
College of Management Research Fellow (2023 NTU)
Best Paper Award Semifinalist (2023 FMA)
E.Sun Academic Award (2022)
Best Paper Award (2021 TFA , two papers)
Best Paper Award (2020 TFA)
Best Paper Award Semifinalist (2019 FMA)
Best Paper Award (2018 TFA)
Best Paper Award (2017 STSC)
Best Paper Award (2014 SFM)
Junior Faculty Research Grant (SAIF)
TEACHING
University Outstanding English Teaching Award (2023, NTU)
University Outstanding English Teaching Award (2022, NTU)
College of Management Outstanding Teaching Award (2022, NTU)
College of Management Outstanding Teaching Award (2021, NTU)
College of Management Outstanding English Teaching Award (2021, NTU)
University Outstanding Teaching Award (2020, NTU)
College of Management Outstanding English Teaching Award (2020, NTU)