Associate Professor Office:     IB1004-A Phone:    886-2-2737-6725 E-mail:   gchang@mail.ntust.edu.tw Education:  PhD in Real Estate Finance, Texas A＆M University, US Certificate of PCMPCL (case study), Harvard Business School Research: Financial Asset and Real Estate Securitization, MBSs, REITs, Asset Allocations, Portfolio Management Courses Taught: Financial Management, Asset Securitization, Real Estate Investments, Cases for Financial Strategies

Positions
Chairperson of Graduate Institute of Finance, NTUST, 2020 -
Associate Dean, the School of Management, NTUST, 2017-
Associate Professor, Graduate Institute of Finance, NTUST, 2017-
Director, EMBA Program, the School of Management, NTUST, 2017-
Director, Singapore EMBA Program, the School of Management, NTUST, 2017-
Director, Center for Case Research, the School of Management, NTUST, 2017-
Committee member, R&D Committee, Examination Yuan, Taiwan, 2019-
Board Member, Public Service Pension Fund (PSPF) Board, Taiwan, 2010-
Board Member, University Endowment Fund Board, NTUST, 2018-
Invited Mobility Professor, Nicolaus Copernicus University, Torun, Poland, 11/2019
Guest Speaker, East Kentucky University, Richmond, USA, February, 2019
Visiting Professor, Asia Pacific University (APU), Beppu, Kyushu, Japan, July, 2018
Mandate Reviewer, Private Schools Pension Fund, Taiwan, 09-10/2016
Consultant, Labor Pension Fund, January, 2010

Awards, Honors, Grants 
Co-Team leader of Nagoya University of Commerce and Business (NUCB) and Business Visits (with Dean Prof. Tzu-Chuan Chou, Prof. Pin Luarn and Prof. C.K. Chen), 2+2 Dual Degree Signing Ceremony, Toyota Kaikan Museum and Plant Tour, Nagoya, Japan, 01/2020
Elected Director of Taiwan EMBA Alliance, Directors of EMBA Programs, consisting of 9 elite EMBA programs in Taiwan, including NTUST, NCCU, NCU, NTHU, NCTU, NCHU, CCU, NCKU, NSYSU, Taipei, Taiwan, 12/2019
Co-Team leader of Thailand Universities and Business Visits (with Vice President Prof. Day-yang Liu), Mahidol University, KMITL, Amata Corporation, Bangkok, Thailand, 12/2019
Invited Participant, NTUST-Hellbrunn University Graduate School (HUGS) Dual Master’s Program Portfolio and Staff Exchange Initiatives, and NTUST-Technical University of Munich (TUM) Dual Master Degree Initiatives, Hellbrunn, Germany, 12/2019
Visiting Professor, Asset Securitization, invited by the Nicolaus Copernicus University (Uniwersytet Mikołaja Kopernika w Toruniu, UMK), under the EU Erasmus+ Staff Mobility Program of ERASMUS+ Bilateral Agreement, Torun, Poland, 11/2019
Co-Team leader of European Universities and Business Visits (with Prof. Pin Luarn),       Hellbrunn University Graduate School (HUGS), Mercedes-Benz Robotic   Manufactory, and Milan Institute of Technology (MiT), Stuttgart, Germany and Milan, Italy, 09/2019
Co-Team Leader of Recruiting (with Dean Prof. Tzu-Chuan Chou), Cambodia and   Singapore Business Leaders, Phnom Penh, Cambodia and Singapore, 08/2019
Invited Participant, NTUST-the Nagoya University of Commerce and Business (NUCB) Undergraduate Exchange and Cooperation Initiative, Nagoya, Japan, 07/2019
Best Presentation Award, Entrepreneurship, Leadership and Innovation (ELI), Babson  College, Boston, USA, 07/2019 
Invited Participant, 2019 EFMD Annual Conference, Lisbon, Portugal, 06/2019
Invited Participant, NTUST-NUCB and NTUST-Waseda Business School Cooperation Initiatives, Nagoya and Tokyo, Japan, 05/2019
Director of EMBA Case Competition, Case Competition of Taiwan Elite EMBA      Alliance, Chiayi, Taiwan, 05/2019
Invited Participant, 2019 February Deans Conference, Vancouver, Canada, 02/2019
Invited Participant, 2019 EFMD Conference for Deans and Directors General, CEIBS, Shanghai, China, 01/2019
China Container Terminal Corporation (a listed company with a ticker symbol 2613) Industry-Academic Cooperative Project, “Wu-Du Inland Container Operation Site Redevelopment,” 2017-2018
First Securities Investment Trust Corporation (the subsidiary of a listed company with    a ticker symbol 2892) Industry-Academic Cooperative Project, “Alternative Assets, Smart Beta, and Asset Allocation,” 2016-2018
Taiwan’s Ministry of Science and Technology (MOST) Grant, “Establishing a Development and Sustainable Facility Management Model for Public Housing,”       (with Professor Kung-Jen Du), 2016-2017
Taiwan’s National Science Foundation (NSC) Grant, “Credit Rating Analysis of Asset     Securitization in Taiwan,” 2007-2008
Taiwan’s National Science Foundation (NSC) Grant, “Applying Dynamic Game  Theory to Analyze the Equilibrium of Real Estate Transactions: An Empirical       Study with Experimental Method,” (with Hsing-Wei Chiang), 2000-2001
Taiwan’s National Science Foundation (NSC) Grant, “A Study of Demand Factors for Housing Purchasers – An Application of Experiments,” 1999-2000
Consultant, Public Service Pension Fund (PSPF), Taiwan, 2005-2010
Consultant, the Project for Renewal of the Land in Vacant Industrial Parks, the Industrial Development Bureau, the Ministry of Economic Affairs, Executive Yuan, Taiwan, Republic of China, 2002
Consultant, the Team for the Project for Renewal of Taiwan's Image  Business Districts, the Department of Commerce,  Ministry of  Economic Affairs, Executive Yuan, Taiwan, Republic of China, 1999  
Consultant, the Project for Renewal of Taiwan's Image Business Districts, China Productivity Center (CPC), Taiwan, 1999
Best Teaching Award, NTUST, Taipei, Taiwan, 2013
Best Mentorship Award, NTUST, Taipei, Taiwan, 2009

Publications / Pprojects / Articles

1.    Chang, Guangdi and Bo-Ching Cheng. (2016) “Evidence of cross-asset contagion in U.S. markets.” Economic Modelling 58, pp 219-226 (SSCI, Impact Factor: 2.188).
2.    Chang, Guangdi and Chia-Shih Chen. (2014) "Evidence of contagion in global REITs investment," International Review of Economics and Finance 31, pp 148-158 (SSCI, Impact Factor: 1.717)
3.    Chang, Guangdi and Weihan Chen. (2013) "Macroeconomic uncertainty, correlations between global financial markets, and asset allocation strategies," International Review of Economics and Finance (summited)
4.      Chang, Guangdi and Fulwood Chen. (2013) "An Agency Theory Approach to Sovereign Debt Crisis," The International Journal of Business and Finance Research, Volume 7, Number 5, pp. 123-134. (EI)
5.      Chang, Guangdi and Yi-Tsuo Chang. (2013) "Time-Varying Risk Premia for Size Effects on Equity REITs," The International Journal of Business and Finance Research, Volume 7, Number 4, pp 13-28. (EI)
6.      Chang, Guangdi and Fulwood Chen. (2013) "CEO Behavior and Subprime Mortgage Crisis," The International Journal of Business and Finance Research, Volume 7, Number 3, pp. 13-25. (EI)
7.      Chang, Guangdi and Hsiao-Lung Lee. (2002). "Predicting Apartment Rental Rates - A Comparison of Multiple Regression Analysis and Artificial Neural Networks," 2002 Conference for Innovative Management, Department of Business Administration, School of Management, NTUST, Taipei, Taiwan.
8.      Chang, Guangdi. (2002), "Fundamentals of Investment," (in Chinese), translated from Corrado and Jordan's Fundamentals of Investment, second edition, Shin-Lou Publisher, Taipei, R.O.C.
9.      Chang, Guangdi. (2000). "Mortgage Securitization in Taiwan - A Feasibility Analysis," 2000 Securitization Conference Proceedings, NCCU, Taipei, Taiwan.
10.  Chang, Guangdi. (1999). "Functional and Operational Mechanisms for How to Efficiently Improve the Related Projects of Restoring and Renewing Shopping Zones," Conference for the Modernization of Taiwan's Business Environment in the 21st Century, Department of Commerce, Ministry of Economic Affairs, Taipei, Taiwan, R.O.C.
11.  Chang, Guangdi. (1997). "Asian Financial Crisis Deserves Attention," The Third Asian-Pacific Young Leaders Conference, Taipei, R.O.C., pp 21-26.
12.  Chang, Guangdi. (1997). "The Feasibility of Establishing a Secondary Mortgage Market to improve the Liquidity and Availability of Housing Finance Fund in Taiwan," Ph.D. Dissertation, Texas A&M University, pp.1-207.
13.  Chang, Guangdi (1995). "Comparison of the Efficiency of Housing Finance Programs in the Asia Pacific Rim," Proceedings of 1995 Science, Engineering, & Technology Seminars (SETS), pp.11, Houston, Texas, USA.
14.  Chang, Guangdi, "Comparison of the Efficiency of Housing Finance Programs in the Asia Pacific Rim," Proceedings of 1995 Science, Engineering, & Technology Seminars (SETS), pp.11, Houston, Texas, USA (1995).

Other Publications/ Presentations
1.        Chang, Guang-Di, & Chen, Chia-Shih. (2014). “Evidence of contagion in global REITs investment,” presented in “The Challenges and Opportunities for Financial Industries in the Post Financial Crisis Era” Seminar, held by NTUST and Xiamen University, China, Taipei.
2.        Chang, Guangdi, & Fulwood Chen. (2012). “Sovereign Debt Crisis – Why a Government is Not the Government Expected,” Asian Finance Association (Asian FA) and Taiwan Finance Association (TFA) 2012 Joint International Conference, Taipei, Taiwan, ROC.
3.        Chang, Guangdi. (2009). Panelist at “The Future of Financial Engineering in Greater China Triangle,” panel in the 2009 “The Challenges and Opportunities of Taiwan Financial Industries under the ECFA and MOU” Seminar, held by Taiwan Financial Engineers Association, NCCU, Taipei.
4.        Chang, Guang-Di and Hsia-Lon Lee.  (2002). “Predicting Apartment Rental Rates – A Comparison of Multiple Regression Analysis and Artificial Neural Networks,” New Paradigms of Management, Academic Conference 2002, NTUST, Taipei.
5.        Chang, Guang-Di. (2001). “Macroeconomics Analysis of Mortgage-Backed Securities,” the 2001 Mortgage-Backed Securities Symposium, NCCU, Kaoshiung.
6.        Chang, Guang-Di. (2000). “Real Estate Securitization in Taiwan – A Feasibility Analysis,” the 2000 Securitization Conference, pp 47, National Chen-Chi University, Taipei.
7.        Chang, Guang-Di. (2000) “Using Game Theory and Experimental Method to Analyze the Coalition of Constructions,” the 9th Annual Conference of Housing Society in Taiwan, Pingtung, Taiwan.
8.        Chang, Guang-Di. (2017) “Financial Management,” San-Min Publisher, Taipei. (final revision in Chinese)
9.        Chang, Guang-Di. (2014) “The Feasibility of Alternative Investments for Sustainable Management of Public Services Pension Fund,” Op-Ed., Public Servants Bi-Monthly, 213, pp. 2-6. (in Chinese)
10.    Chang, Guang-Di. (2008) “Risk Assessment and Investment Strategy in the Post-Subprime Era,” Op-Ed., Public Servants Bi-Monthly, pp. 1-4. (in Chinese)
11.    Chang, Guangdi and Hsiao-Lung Lee. (2002). “Predicting Apartment Rental Rates – A Comparison of Multiple Regression Analysis and Artificial Neural Networks,” 2002 Conference for Innovative Management, Department of Business Administration, School of Management, NTUST, Taipei, Taiwan.
12.    Chang, Guangdi. (2002) “Investment,” translated textbook,  Taipei。
13.    Chang, Guangdi. (2000). “Mortgage Securitization in Taiwan – A Feasibility Analysis,” 2000 Securitization Conference Proceedings, NCCU, Taipei, Taiwan.
14.    Chang, Guangdi. (2002) “Financial and Operational Evaluation Report for bidding “BOT of Alishan House Expansion Project,” Double-Tourist Promotion Project, Ministry of Transportation and Communications, Executive Yuan, Taipei, Taiwan, R.O.C.
15.    Chang, Guangdi. (2001). “An Investment Alternative and Financial Feasibility Analysis of a Land Development Project at Westgate Shopping Area in Taipei,” assigned by Chi-Hua Construction Co., Ltd.
16.    Chang, Guangdi. (2000).  Research Project for “Restoration of The Taipei Confucius Temple, A Third-Grade Relic,” co-authored with Professors Huei-Chun Wang and Fu-Chuan Hsu, assigned by Department of Cultural Affairs, Taipei City Government, Taipei, R.O.C.
17.    Liu, Day-yang, Shang-liang Lo, Tsung-Shin Hsu, Guang-Di Chang, and Young Ku. (1998). “A Study on the Satisfaction of Government Services for Taiwan’s Factories,” Industrial Development Bureau, Ministry of Economic Affairs, Taipei.
18.    Chang, Guangdi. (1999). “Functional and Operational Mechanisms for How to Efficiently Improve the Related Projects of Restoring and Renewing Shopping Zones,” Conference for the Modernization of Taiwan’s Business Environment in the 21st Century, Department of Commerce, Ministry of Economic Affairs, Taipei, Taiwan, R.O.C.
19.    Chang, Guangdi. (1997). “Asian Financial Crisis Deserves Attention,” Proceedings of the Third Asian-Pacific Young Leaders Conference, Taipei, R.O.C., pp 21-26.
20.    Chang, Guangdi. (1997). “The Feasibility of Establishing a Secondary Mortgage Market to improve the Liquidity and Availability of Housing Finance Fund in Taiwan,” Ph.D. Dissertation, Texas A&M University, pp.1-207.

Working Papers
1. Chang, Guang-Di and Yi-Ju Lo. (2018). “Evidence of volatility transmission in E.U. REIT markets,” pp 1-33.
2. Chang, Guang-Di and Fu-Hsiung Yang. (2018). “Natural disasters and volatility spillovers in REITs markets: Evidence in Asia-Pacific Countries,” pp 1-25.
3. Chang, Guang-Di and Ya-Hsien Peng. (2018). “Evidence of information transmission in Eurozone sovereign debt CDSs markets,” pp 1-30.
4. Chang, Guang-Di and Hsi-Yun Huang. (2018). “Macroeconomic uncertainty, correlations, and asset allocation strategies,” pp 1-40.
5. Chang, Guang-Di and Bo-Wei Huang. (2016). “Evidence of size effect in EU REIT markets,” pp 1-36.