Education： Ph.D. 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： Financial Management, Asset Securitization, Real Estate Investments, Cases for Financial Strategies Office： International Building,  IB1004-A Phone： (+886)-2-2730-1267 E-mail： gchang@mail.ntust.edu.tw

Current Positions:

Honors

• Elected Director of Taiwan EMBA Alliance, Directors of EMBA Programs, Taipei, Taiwan, 12/2019
• 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, 2019 EFMD Conference for Deans and Directors General, CEIBS, Shanghai, China, 01/2019
• Best Teaching Award, NTUST, Taipei, Taiwan, 2013
• Best Mentorship Award, NTUST, Taipei, Taiwan, 2009

Grants 

• Invited Participant, NTUST-NUCB and NTUST-Waseda Business School Cooperation Initiatives, Nagoya and Tokyo, Japan, 05/2019
• 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
• 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

Publications:

• 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).
• 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)
• Chang, Guangdi and Weihan Chen. (2013) "Macroeconomic uncertainty, correlations between global financial markets, and asset allocation strategies," "International Review of Economics and Finance"(summited)
• 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)
• 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)
• 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)

Other Publications/ Presentations:

• 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.
• 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.
  
• 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.
• Chang, Guang-Di. (2017) “Financial Management,” San-Min Publisher, Taipei. (final revision in Chinese)
• 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)
• 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)
• 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.
• 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.
• 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.
• Chang, Guangdi. (2002) “Investment,” translated textbook,  Taipei。
• 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.
• 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.
• Chang, Guangdi. (2000). “Mortgage Securitization in Taiwan – A Feasibility Analysis,” 2000 Securitization Conference Proceedings, NCCU, Taipei, Taiwan.
• 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.
• Chang, Guang-Di. (2001). “Macroeconomics Analysis of Mortgage-Backed Securities,” the 2001 Mortgage-Backed Securities Symposium, NCCU, Kaoshiung.
• Chang, Guang-Di. (2000). “Real Estate Securitization in Taiwan – A Feasibility Analysis,” the 2000 Securitization Conference, pp 47, National Chen-Chi University, Taipei.
• 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.
• 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.
• Chang, Guangdi. (2000). "Mortgage Securitization in Taiwan - A Feasibility Analysis," 2000 Securitization Conference Proceedings, NCCU, Taipei, Taiwan.
• 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.
• 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.
• 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.
• Chang, Guangdi. (1997). “Asian Financial Crisis Deserves Attention,” Proceedings of the Third Asian-Pacific Young Leaders Conference, Taipei, R.O.C., pp 21-26.
• 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.
• Chang, Guangdi. (1997). "Asian Financial Crisis Deserves Attention," The Third Asian-Pacific Young Leaders Conference, Taipei, R.O.C., pp 21-26.
• 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.
• 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.
• 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 .

Working Papers:

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