PCCU International Business Administration

Welcome to International Business Administration



Matthew C. Chang

Name & Title

Chang, Matthew C.




Ph. D. in Finance, Tamkang University, Taiwan

MBA, National Cheng Kung University, Taiwan

BS, National Central University, Taiwan


Market Microstructure, Behavioral Finance, Financial Risk Management, International Financial Markets, International Financial Management


Senior Officer, Taiwan Futures Exchange

Specialist, Taiwan Sugar Corporation


  1. Chang, Matthew C., Chih-Ling Tsai, Chung-Fern Wu, and Ning Zhu 2018, Market Uncertainty and Market Orders in Futures Markets, Journal of Futures Markets, 38, 865-880. (SSCI; FLI;國科會一般財務類A Tier-2級期刊, 國科會100年度專題研究計畫:NSC 100-2410-H-364-010-; 國科會102年度國內專家學者出席國際學術會議:102-2914-I-364-002-A1, DOI: 10.1002/fut.21918)
  2. Wong, Woon K., Matthew C. Chang and Anthony H. Tu, 2009, Are Magnet Effects Caused by Uninformed Traders? Evidence from Taiwan Stock Exchange, Pacific-Basin Finance Journal, 17, 28-40. (SSCI; FLI;國科會一般財務類A Tier-2級期刊, DOI:10.1016/j.pacfin.2008.03.001)
  3. Chang, Matthew C. and Chung-Fern Wu, 2012, Who Offers Liquidity on Options Markets when Volatility is High? Review of Pacific Basin Financial Markets and Policies, 15, 1250021 (24 pages). (國科會99年度專題研究計畫:NSC 99-2410-H-364-001-。FLI; EconLit; ABI;國科會一般財務類B級期刊, DOI: 10.1142/S021909151250021X)
  4. Chang, Matthew C., 2013, Do Cats and Dogs Eat Grass before a Rain? Analysis of Weather Effects on Order Submissions and Order Imbalances, Investment Management and Financial Innovations, 10, 31-41. (EconLit; ABI;國科會一般財務類B級期刊)
  5. Chang, Matthew C., Jui-Cheng Hung and Chien-Liang Chiu, 2013, One Gold, Two Currencies: Price Discovery between Spot Exchange Rate and Implied Exchange Rate Derived from Futures. International Journal of Information and Management Sciences (國際資訊與管理科學期刊), 24, 23-38. (TSSCI; EI)
  6. Hung, Jui-Cheng, Jung-Bin Su, Matthew C. Chang, and Yi-Hsien Wang, 2019, The impact of liquidity on portfolio value-at-risk forecasts. Applied Economics, 51, forthcoming. (SSCI, DOI: 10.1080/00036846.2019.1644442)
  7. 吳琮璠、張志宏、王全三,2012,期貨商風險資本之計提:ANC與BIS的比較,期貨與選擇權學刊,5(2),1-28。(TSSCI; leading article)
  8. 洪瑞成、張志宏*、黃健銘、邱建良, 2013,期貨商財務績效與經營風險,期貨與選擇權學刊,6(2), 51-71。(TSSCI)
  9. Chang, Matthew C. and Rebecca Chung-Fern Wu, 2013, Informativeness and Influence of Limit Order Books on Order Submissions in Electronic Continuous Auction Markets, Emerging Markets Finance and Trade, 49(S3), 70-97. (國科會98年度專題研究計畫:NSC 98-2410-H-364-005-。 SSCI, DOI: 10.2753/REE1540-496X4904S306)
  10. Chang, Matthew C. Yi-Hsien Wang, Jui-Cheng Hung and Chen Sun, 2015, R&D, Patent Arrangements, and Financial Performances: Evidence from Taiwan, Periodica Polytechnica: Social and Management Sciences, 23, 25-40. (Scopus)


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