- Representative Member
Prof Xin (Simba) CHANG
Biography
Xin CHANG is a Professor of Finance, Director of the Centre for Sustainable Finance and Innovation (CSFI), and the Associate Dean (Research) overseeing PhD programs and research activities at Nanyang Business School. From 2015 to 2017, He was a tenured University Reader in Financial Economics at Cambridge Judge Business School of the University of Cambridge, J M Keynes Fellow in Financial Economics, a Fellow of Darwin College, and a Research Fellow of Cambridge Endowment for Research in Finance. From 2004 to 2008, he was a Lecturer and then tenured Senior Lecturer in Finance at the University of Melbourne in Australia.
He specializes in corporate finance, especially sustainable finance, capital structure, mergers and acquisitions, and stock valuation. He taught various courses to undergraduate, honors, master, and PhD students at HKUST, the University of Melbourne, the University of Cambridge, and NTU.
Xin was awarded the Dean's Award for Research Excellence in 2006 and the Dean's Certificate for Excellence in Teaching in 2007 at the University of Melbourne. At NTU, he was the Researcher of the Year for the Division of Banking and Finance in 2009, the MBA Teacher of the Year in 2011, and the Teacher of the Year for the Division of Banking and Finance in 2013. He also won the Peter Brownell Award for Best Publication in Accounting and Finance in 2007, the Best Paper awards at the 16th SFM Conference in 2008, the 19th SFM Conference in 2011, the 4th World Business Ethics Forum in 2012, and TCFA's (The Chinese Finance Association) best paper award on corporate finance. He received the inaugural Best PhD Supervisor Award (the Graduate College Mentoring Award) from NTU in 2020.
Xin earned his Ph.D. in Finance in 2004 from the Hong Kong University of Science and Technology (HKUST). His educational background also includes a Master's degree from the PBC School of Finance and a Bachelor's degree from the School of Economics and Management of Tsinghua University.
Current Projects
2. Xin Chang and Sudipto Dasgupta, 2009, Target Behavior and Financing: How Conclusive is the Evidence? Journal of Finance, Vol. 64, No 4, pp. 1767-1796.
3. Xin Chang, Sudipto Dasgupta, and Gilles Hilary, 2009, The Effect of Auditor Choice on Financing Decisions, The Accounting Review, Vol. 84, No. 4, pp. 1085-1117.
4. Xin Chang, Sudipto Dasgupta, George Wong, and Jiaquan Yao, 2014, Cash Flow Sensitivities and the Allocation of Internal Cash Flow, Review of Financial Studies, Vol. 27, Issue 12, pp. 3628-3657.
5. Xin Chang, Kangkang Fu, Angie Low, and Wenrui Zhang, 2015, Non-executive Employee Stock Options and Corporate Innovation, Journal of Financial Economics, Vol. 115, Issue 1, pp. 168-188.
6. Xin Chang and Hong Feng (John) Zhang, 2015, Managerial Entrenchment and Firm Value: A Dynamic Perspective, Journal of Financial and Quantitative Analysis, Vol. 50, Issue 5, pp. 1083-1103.
7. Xin Chang, Yangyang Chen, and Leon Zolotoy, 2017, Stock Liquidity and Stock Price Crash Risk, Journal of Financial and Quantitative Analysis, Vol. 52, No. 4, pp. 1605-1637.
8. Xin Chang, Yangyang Chen, Sarah Qian Wang, Kuo Zhang, and Wenrui Zhang, 2019, Credit Default Swaps and Corporate Innovation, Journal of Financial Economics, Vol 134, pp.474-500.
9. Dianna Chang, Xin Chang, Yu He, and Kelvin Tan, 2022, The Determinants of COVID-19 Morbidity and Mortality across Countries, Scientific Reports (the open access journal of Nature), 12, 5888.
10. Xin Chang, Yunling Chen, and Ronald W Masulis, 2023, Bank Lines of Credit as a Source of Long-term Finance, Journal of Financial and Quantitative Analysis, 58(4), pp. 1701-1733.
11. Xin Chang, Wing Chun Kwok, and George Wong, 2024, Demand Uncertainty, Inventory, and Cost Structure, Contemporary Accounting Research, Volume 41, Issue 1, pp. 226-254.
12. Xin Chang, Huasheng Gao, and Wei Li, 2024, Discontinuous Distribution of Test Statistics Around Significance Thresholds in Empirical Accounting Studies, Journal of Accounting Research, Forthcoming.
13. Xin Chang, Shanmin Li, Chun Liu, Liang Sun, and Wenrui Zhang, Local Political Corruption and Financial Reporting Conservatism, The Accounting Review, Conditionally Accepted.